1 hour ago, vikas83 said:

Which in no way refutes what I said, which was the ownership limit was known at the time of the board announcement. 

As far as what Elon Musk is going to do? Hell, I don't think he knows what he will do most mornings.

Whatever.  It's all over the news.  But you know better.

38 minutes ago, Kz! said:

Apparently he's liking tweets suggesting the hostile takeover. Would be a fantastic for free speech on the internet if he did.

Musk took over Tesla via a hostile takeover.

https://www.forbes.com/sites/abrambrown/2022/04/11/elon-musk-is-poised-for-a-hostile-takeover-against-twitter/?sh=358d47e74bed

Elon Musk Is Poised For A Hostile Takeover Against Twitter

3 minutes ago, Procus said:

Musk took over Tesla via a hostile takeover.

By the most common definition of the term, doesn't a hostile takeover require the company to be publicly traded at the time of the take over?

8 minutes ago, we_gotta_believe said:

By the most common definition of the term, doesn't a hostile takeover require the company to be publicly traded at the time of the take over?

In most cases hostile takeovers involve companies with publicly traded shares - but it's not a requirement.  By definition, a hostile takeover is when the company is taken over over the objections of the board - so no reason why a privately held company can't be subjected to a hostile takeover.

Just now, Procus said:

In most cases hostile takeovers involve companies with publicly traded shares - but it's not a requirement.  By definition, a hostile takeover is when the company is taken over over the objections of the board - so no reason why a privately held company can't be subjected to a hostile takeover.

So when exactly did he buy out the majority of private shareholders against the board's wishes?

2 minutes ago, Procus said:

In most cases hostile takeovers involve companies with publicly traded shares - but it's not a requirement.  By definition, a hostile takeover is when the company is taken over over the objections of the board - so no reason why a privately held company can't be subjected to a hostile takeover.

Which, of course, is not what happened with Tesla, but why would you let facts get in the way. Musk was made chairman of the board when he was the lead investor in their Series A round, and he invested in each subsequent round. He became CEO in 2008. It wasn't over the objection of the board...it was with the board's consent. 

You really need to stop talking about things you don't understand. 

Hostile takeovers are acquisitions of public companies through the markets without the consent of the company and board, and they are VERY rare. 

2 minutes ago, we_gotta_believe said:

So when exactly did he buy out the majority of private shareholders against the board's wishes?

Never

Just now, we_gotta_believe said:

So when exactly did he buy out the majority of private shareholders against the board's wishes?

I stand corrected - Musk didn't found Tesla, but he gained control through a series of offerings and the board ousted the founders.  Twitter would be a much more difficult takeover.

https://interestingengineering.com/the-short-but-fascinating-history-of-tesla

5 minutes ago, Procus said:

I stand corrected - Musk didn't found Tesla, but he gained control through a series of offerings and the board ousted the founders.  Twitter would be a much more difficult takeover.

https://interestingengineering.com/the-short-but-fascinating-history-of-tesla

Don't let that stop you from praying for it nightly so you can desperately cling to the hopes that they'll remove the ban on Trump's account.

Musk becoming the savior of the right is something I am thoroughly enjoying. They love their false prophets.

3 minutes ago, Procus said:

I stand corrected - Musk didn't found Tesla, but he gained control through a series of offerings and the board ousted the founders.  Twitter would be a much more difficult takeover.

https://interestingengineering.com/the-short-but-fascinating-history-of-tesla

Why do you keep trying to argue with Vikas about financial stuff?  

3 minutes ago, Paul852 said:

Musk becoming the savior of the right is something I am thoroughly enjoying. They love their false prophets.

Well you no doubt lick Obama's butt, so you have YOUR false prophet

13 minutes ago, Procus said:

Well you no doubt lick Obama's butt, so you have YOUR false prophet

 I'm not sure I've typed Obama's name more than like 5 times on this board.

Now Biden on the other hand 

19 minutes ago, Procus said:

Well you no doubt lick Obama's butt, so you have YOUR false prophet

Butwhatabout!

6 minutes ago, Boogyman said:

Butwhatabout!

I mean, he didn't deny that Musk is his new prophet so there's that.

2 minutes ago, Paul852 said:

I mean, he didn't deny that Musk is his new prophet so there's that.

We have not had a "but Obama" in a while that I can remember. I'm not surprised about who went there though.

3 hours ago, Paul852 said:

 I'm not sure I've typed Obama's name more than like 5 times on this board.

Now Biden on the other hand 

Yeah, but I bet you got your Obamacare with your Obamaphone

1 hour ago, Boogyman said:

We have not had a "but Obama" in a while that I can remember. I'm not surprised about who went there though.

Ah - but you people still have Trump on your brains and bring him up frequently in a blink of an eye

Don't you have some fungi nail to attend to?

36 minutes ago, Procus said:

Ah - but you people still have Trump on your brains and bring him up frequently in a blink of an eye

Don't you have some fungi nail to attend to?

Trump lost bruh. Bigly.

 

Obama was literally twice the Potus Trump was.

3 hours ago, vikas83 said:

Hostile takeovers are acquisitions of public companies through the markets without the consent of the company and board, and they are VERY rare. 

And they're never signaled in the manner they're reading in to musk's trolling here.

I think this is a billionaire ef'ing around because he can. It's a flex few have the capital to pull off and even fewer the mentality for.

Just be entertained. 

40 minutes ago, Boogyman said:

Trump lost bruh. Bigly.

 

Obama was literally twice the Potus Trump was.

Except in weight. Trump has that one hands down. Top three! Should be top 2 but whatever.

28 minutes ago, Paul852 said:

Except in weight. Trump has that one hands down. Top three! Should be top 2 but whatever.

I was thinking in terms of the number 8 being twice that as the number 4

5 hours ago, vikas83 said:

5 hours ago, Procus said:

In most cases hostile takeovers involve companies with publicly traded shares - but it's not a requirement.  By definition, a hostile takeover is when the company is taken over over the objections of the board - so no reason why a privately held company can't be subjected to a hostile takeover.

Which, of course, is not what happened with Tesla, but why would you let facts get in the way. Musk was made chairman of the board when he was the lead investor in their Series A round, and he invested in each subsequent round. He became CEO in 2008. It wasn't over the objection of the board...it was with the board's consent. 

You really need to stop talking about things you don't understand. 

Hostile takeovers are acquisitions of public companies through the markets without the consent of the company and board, and they are VERY rare. 

5 hours ago, we_gotta_believe said:

So when exactly did he buy out the majority of private shareholders against the board's wishes?

Never

So what do you see going forward - will Musk be content with his current holdings, increase his stake in the company?  Do you see him attempting to wrestle control?

The uncertainty left Twitter workers feeling "super stressed” about the future, with employees reportedly "working together to help each other get through the week.”

https://nypost.com/2022/04/12/twitter-a-sh-tshow-for-employees-since-elon-musk-took-stake/?utm_medium=SocialFlow&utm_source=NYPTwitter&utm_campaign=SocialFlow