April 14, 20223 yr 4 minutes ago, EaglesRocker97 said: Kz used the word "censorship." The article called for better moderation/safeguards, which is the term used in the Tweet that he posted. Either way, he was dismissive of the negative impact. Solutions aside, it presents some very real threats to our stability and national security.
April 14, 20223 yr Board is definitely going to reject the offer as too low. So if Musk means what he says that this is "best and final," then this is going nowhere. That's why you're seeing such a muted reaction in the stock. The letter references "anticipated financing," which I'm guessing is Musk borrowing against his Tesla or SpaceX shares since he only has about $3bn of cash on hand. Here are some analyst blurbs for those who care. Quote TWTR (Twitter) receives a takeout bid from Elon Musk worth $54.20/shr. Musk calls his bid "best and final”, but $54.20 seems too low for shareholders or the board to accept given the stock was at ~$70 less than a year ago. This is Musk’s full comment – "since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company. As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder”. Quote TWTR (Twitter) follow-up thoughts – it seems hard to imagine TWTR’s board would accept a $54.20/shr. bid given the stock was at $70 less than a year ago (and at $55 as recently as Oct/Nov). Meanwhile, the new CEO hasn’t even been on the job for 6 months and the stock would presumably be much higher than $54.20 should the company achieve its 2023 targets (which include mDAUs of 315MM and revs of $7.5B). If $54.20 is too low, the question becomes whether Musk would increase his bid. He called the price "best and final”, but the fact he’s involved here at all suggests he didn’t see a feasible way to build an alternative to Twitter’s unique social footprint (there are several other platforms that Musk could have partnered with). The money might be a problem – Musk is quite wealthy with a net worth of ~$260B, but the bulk of that is tied up in Tesla and SpaceX (according to Bloomberg, Musk has about ~$3B in cash on hand). It’s possible Musk could partner w/other Twitter holders on a bid, but even still he would struggle to get together enough money to bump the price much beyond $54.20. Quote Twitter, Inc. Downgrading Twitter on Musk Takeover Bid SUMMARY This morning Mr. Musk submitted an offer to acquire the remaining outstanding shares of TWTR at $54.20 representing an 18% premium to yesterday's closing price. We are downgrading TWTR shares, suspending our $60 PT and moving our rating to Perform from Outperform on the news. We believe TWTR should trade at a 20-30% discount to SNAP on '22E revenue which would represent TWTR shares between $48-$54 on our current estimates. Further, estimates for TWTR and SNAP have not been adjusted from direct impacts to Russia and softening advertising demand in Europe. We would note this is not the first time there has been an offer to acquire TWTR. Back in 2017 Disney came close to acquiring TWTR but ultimately backed away from the dea opco
April 14, 20223 yr 1 hour ago, we_gotta_believe said: If only Trump weren't so poor, he could afford to buy out Twitter himself and reinstate his own account. Instead the pretend-billionaire has been panhandling to get his 40 year old plane fixed. Ya hate to see it. I'm confused on why Trump is getting brought up in this thread
April 14, 20223 yr 2 minutes ago, Mike030270 said: I'm confused on why Trump is getting brought up in this thread Oh, man...Trump police are here. Were you deputized by 4for4?
April 14, 20223 yr 13 minutes ago, Mike030270 said: I'm confused on why Trump is getting brought up in this thread Ask whoever Brigitte Gabriel is
April 14, 20223 yr 17 minutes ago, EaglesRocker97 said: Oh, man...Trump police are here. Were you deputized by 4for4? Trump police? I just asked why he was brought up. Are you okay? 6 minutes ago, we_gotta_believe said: Ask whoever Brigitte Gabriel is So you just like bringing him up. Got it
April 14, 20223 yr 4 minutes ago, Mike030270 said: Trump police? I just asked why he was brought up. Are you okay? That was a bit of an inside joke. That guy makes it his business to shout down anyone who mentions Trump in this forum.
April 14, 20223 yr 2 minutes ago, EaglesRocker97 said: That was a bit of an inside joke. That guy makes it his business to shout down anyone who mentions Trump in this forum. Understandable. I sometimes get into the discussion threads but I'm mostly just in the meme thread for a good laugh at work
April 14, 20223 yr 3 minutes ago, EaglesRocker97 said: That was a bit of an inside joke. That guy makes it his business to shout down anyone who mentions Trump in this forum. And then proceeds to mention or refer to him constantly himself.
April 14, 20223 yr 8 minutes ago, Mike030270 said: Trump police? I just asked why he was brought up. Are you okay? So you just like bringing him up. Got it Looks like you need to go back and read the first page.
April 14, 20223 yr On 4/12/2022 at 10:58 AM, vikas83 said: Or he's bored and basically trolling to entertain himself. When it comes to Musk, assume anything is possible. But actually going hostile on TWTR when he already has the SEC on his arse...bold. I guess he's bold.
April 14, 20223 yr 1 minute ago, Procus said: I guess he's bold. Other than the fact that he didn't launch a hostile bid...sure. But way to prove again you don't understand what you're talking about.
April 14, 20223 yr https://www.cnbc.com/2022/04/14/cramer-twitters-board-has-no-choice-but-to-reject-musks-offer.html Cramer: Twitter’s board has ‘no choice’ but to reject Elon Musk’s offer
April 14, 20223 yr 9 minutes ago, vikas83 said: Other than the fact that he didn't launch a hostile bid...sure. But way to prove again you don't understand what you're talking about.
April 14, 20223 yr 23 minutes ago, we_gotta_believe said: Looks like you need to go back and read the first page. Only person that mentioned him was you
April 14, 20223 yr 27 minutes ago, vikas83 said: Other than the fact that he didn't launch a hostile bid...sure. But way to prove again you don't understand what you're talking about. https://fortune.com/2022/04/14/elon-musk-twitter-stock-price-hostile-takeover-bid-43-billion-dollars/ Elon Musk sends Twitter stock price soaring with hostile takeover ‘best and final’ offer of $43 billion https://variety.com/2022/digital/news/elon-musk-offering-to-buy-twitter-1235232598/ Elon Musk Launches $43 Billion Hostile Takeover Bid for Twitter https://www.business-standard.com/article/international/elon-musk-launches-43-bn-hostile-takeover-of-twitter-122041400615_1.html Elon Musk launches $43-bn hostile takeover of Twitter https://www.washingtonpost.com/technology/2022/04/14/elon-musk-twitter-takeover-bid/ Elon Musk launches hostile takeover bid of Twitter
April 14, 20223 yr FFS. A "hostile takeover" is an attempt to acquire a company against the wishes of management and the board. Sending a non-binding offer to the board isn't a hostile bid, it's simply a friendly acquisition proposal. https://www.investopedia.com/terms/h/hostiletakeover.asp
April 14, 20223 yr 16 minutes ago, Procus said: https://fortune.com/2022/04/14/elon-musk-twitter-stock-price-hostile-takeover-bid-43-billion-dollars/ Elon Musk sends Twitter stock price soaring with hostile takeover ‘best and final’ offer of $43 billion https://variety.com/2022/digital/news/elon-musk-offering-to-buy-twitter-1235232598/ Elon Musk Launches $43 Billion Hostile Takeover Bid for Twitter https://www.business-standard.com/article/international/elon-musk-launches-43-bn-hostile-takeover-of-twitter-122041400615_1.html Elon Musk launches $43-bn hostile takeover of Twitter https://www.washingtonpost.com/technology/2022/04/14/elon-musk-twitter-takeover-bid/ Elon Musk launches hostile takeover bid of Twitter
April 14, 20223 yr 8 minutes ago, Boogyman said: Looks some green man had he's share of tasty edibles this morning
April 14, 20223 yr 20 minutes ago, vikas83 said: FFS. A "hostile takeover" is an attempt to acquire a company against the wishes of management and the board. Sending a non-binding offer to the board isn't a hostile bid, it's simply a friendly acquisition proposal. https://www.investopedia.com/terms/h/hostiletakeover.asp I get it, but commonly used vernacular sometimes differs from exact definitions. The bottom line is that this offer is against the wishes of the people who run Twitter.
April 14, 20223 yr 1 hour ago, Mike030270 said: Only person that mentioned him was you Scroll up three posts before this and I'm sure you can piece it all together from there. I have faith in you, Mike!
April 14, 20223 yr Last I heard, he offered to buy 100% of the company. Would that be considered a 'hostile takeover'? That's not how I would think of it. Now, if they refuse and he goes out and buys enough stock that he can take control against their will, then that is would I would consider 'hostile'. 49 minutes ago, DaEagles4Life said: 54 billion seems like a good deal to me Not me. He offered me that amount for the EMB, but I refused.
April 14, 20223 yr 3 minutes ago, we_gotta_believe said: Scroll up three posts before this and I'm sure you can piece it all together from there. I have faith in you, Mike! My mistake. Ctrl F doesn't search for pictures and unless it's a meme I usually skip over those
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