May 17, 20223 yr On 5/14/2022 at 6:40 PM, Procus said: Unless you're a shareholder or employee of a company that manufactures straws Apparently they have created millions of jobs making solar panels and wind mills so they can move right into a position there from the straw factory.
May 17, 20223 yr 28 minutes ago, vikas83 said: This isn't really the SEC's purview, at least not on the front lines. This is up to Twitter and what they want to do. Musk waived due diligence when we entered into the merger agreement, so all he can rely upon is the reps and warranties in that document. So basically he has to try and rely on Section 4.6 regarding SEC filings (posted earlier), but the SEC filings about the 5% bots made clear it was an estimate, heavily discretionary, and the number could be materially higher (posted language earlier in thread). So legally, he is pretty Fed. Twitter could try and move forward, meet all the other conditions (e.g., shareholder vote) and then sue for Specific Performance per Section 9.9, but that requires the debt financing to be funded, and Musk could try and muck that up. If I were advising Twitter, I'd tell them to negotiate something with Musk. Not a lower price (because you can't continue to be in a deal with someone like this), but try for a bigger break-up fee. But this thing is so high profile and has gone well beyond the financial press, so...I wouldn't be stunned if Twitter says screw it and tries to make him close. Buckle up, it's going to be an ish show. This is why you don't agree to a merger based on a trolling attempt without doing any due diligence...first thing I said when they took the deal was Musk is the dog who caught the car. Still seems like he's not averse to engaging in rhetoric that can be viewed as manipulative. The share price is now lower than when he was first reported to have bought shares.
May 17, 20223 yr On 5/14/2022 at 5:43 PM, JohnSnowsHair said: Where's all this transformation from the White House? Progressives are pissed at him. He's pretty much been governing left of center. It's still accurate
May 17, 20223 yr 1 hour ago, we_gotta_believe said: Still seems like he's not averse to engaging in rhetoric that can be viewed as manipulative. The share price is now lower than when he was first reported to have bought shares. Oh, the SEC is definitely investigating him for that. But they won't get involved in the merger agreement fight.
May 17, 20223 yr Just now, Dave Moss said: Twitter should suspend his Twitter account until the deal goes through. Sadly, that would actually hurt their eventual court case. First, they are better off not engaging at his level. Second, he keeps tweeting stupid crap that can be introduced as evidence. He can't claim any other reason for walking away -- the moron tweeted publicly that it's about the bots number. His Twitter activity is litigation gold.
May 17, 20223 yr 8 minutes ago, vikas83 said: Sadly, that would actually hurt their eventual court case. First, they are better off not engaging at his level. Second, he keeps tweeting stupid crap that can be introduced as evidence. He can't claim any other reason for walking away -- the moron tweeted publicly that it's about the bots number. His Twitter activity is litigation gold. Yeah, he doesn’t show much restraint. Mod 12 would ban him in one day if he posted here.
May 17, 20223 yr aren't a huge number of accounts on Twitter basically read-only? something like 3-5% of users on social media sites generate 95% of the content. it may well be accurate to say that somewhere around 5% of total accounts are bots, even if say 50% of the content (including original posts AND replies) was bot generated. Musk doesn't really seem to have a leg to stand on. I do tend to agree with vikas here that it's the dog that caught the car, I think he's shocked his offer was accepted and now is trying to manufacture an offramp.
May 18, 20223 yr 20 hours ago, JohnSnowsHair said: aren't a huge number of accounts on Twitter basically read-only? something like 3-5% of users on social media sites generate 95% of the content. it may well be accurate to say that somewhere around 5% of total accounts are bots, even if say 50% of the content (including original posts AND replies) was bot generated. Musk doesn't really seem to have a leg to stand on. I do tend to agree with vikas here that it's the dog that caught the car, I think he's shocked his offer was accepted and now is trying to manufacture an offramp. Wasn't the offer a lowball one? I think everyone was shocked
May 18, 20223 yr 1 minute ago, Mike030270 said: Wasn't the offer a lowball one? I think everyone was shocked It was until the NASDAQ and other social media stocks went into freefall. Musk announced his bid on 4/14, and since the close on 4/13: NASDAQ: -13.5% SNAP: -30% FB: -7% (had already been smoked after Q4 report in Feb) YELP: -12%
May 18, 20223 yr 4 hours ago, vikas83 said: It was until the NASDAQ and other social media stocks went into freefall. Musk announced his bid on 4/14, and since the close on 4/13: NASDAQ: -13.5% SNAP: -30% FB: -7% (had already been smoked after Q4 report in Feb) YELP: -12% How much more you think we got? I'm buying ETFs in dribs and drabs on these big drops. Even knowing the market was overpriced I'm a bit surprised at how much the sell off has dropped the market before an actual recession hits. This market is freaking weird. I'm pretty long on my investments (we're of a similar age) but still unsettling.
May 18, 20223 yr TWTR volatility is annoying thanks to king dewsh, but I have enough that I don't need more of it so soon. Seems like there's better value elsewhere for now in AMZN, DIS, TEAM, NFLX, MA, FB and PYPL
May 18, 20223 yr 13 minutes ago, JohnSnowsHair said: How much more you think we got? I'm buying ETFs in dribs and drabs on these big drops. Even knowing the market was overpriced I'm a bit surprised at how much the sell off has dropped the market before an actual recession hits. This market is freaking weird. I'm pretty long on my investments (we're of a similar age) but still unsettling. WMT and TGT earnings have people freaking out. I think it is somewhat overdone -- sales were inline, but the mix shifted to lower margin items (grocery and personal care). Retail is getting destroyed. I don't do much in stocks anymore, but I'd remain cautious until you see signs of disinflation. Just now, we_gotta_believe said: TWTR volatility is annoying thanks to king dewsh, but I have enough that I don't need more of it so soon. Seems like there's better value elsewhere for now in AMZN, DIS, TEAM, NFLX, MA, FB and PYPL I wouldn't touch NFLX or FB with a ten foot pole
Create an account or sign in to comment