RIP Twitter

#576
#576
Twitter is the progressive, low info, warhead. If conservatives left, Twitter would collapse because it's filled with low EQ and IQ people.

The new marxist CEO of Twitter has started hiding posts and comments that used to be public unless you sign up now. The reduction in transparency looks like he got something to hide.
 
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#577
#577
NorthDallas40 said:
Musk’s offer is an almost 20% premium at todays price. Shareholders would be morons to not take it and those that don’t take it don’t care about free market they’d likely lean more towards controlling Twitter’s user policies. Musk is going to burn them down. Even if he doesn’t get all of the stock he should easily capture 50+% and control the company.
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One of the largest current shareholders, a Saudi prince, has said he's not selling to Musk at any price. Seems they are po'd over his prior announcement that they would fund his taking Tesla private, which didn't happen. It may also mean he's not going to able to access Arab money.

Plus he may be worth billions but it doesn't mean he has $41 billion in cash. He's going to have to find a financing source, even if it's loans against current assets. The big banks rarely finance the entire amount on these types of transactions. They take a first over all the assets and then only loan to a lesser percentage of the collateral value, usually around 50-60%. and it will usually be two or more banks. The rest is financed by what are typically called "mezzanine lenders." That means hedge funds and venture capitalists. The terms on those loans are oppressive.

Also, he can't borrow against the assets of Tesla, just his stock in Tesla. Banks are wary of that.

While you never know, I think he's not going to pull it off. Maybe Putin can loan him the cash.
 
#578
#578
WBO said:
One of the largest current shareholders, a Saudi prince, has said he's not selling to Musk at any price. Seems they are po'd over his prior announcement that they would fund his taking Tesla private, which didn't happen. It may also mean he's not going to able to access Arab money.

Plus he may be worth billions but it doesn't mean he has $41 billion in cash. He's going to have to find a financing source, even if it's loans against current assets. The big banks rarely finance the entire amount on these types of transactions. They take a first over all the assets and then only loan to a lesser percentage of the collateral value, usually around 50-60%. and it will usually be two or more banks. The rest is financed by what are typically called "mezzanine lenders." That means hedge funds and venture capitalists. The terms on those loans are oppressive.

Also, he can't borrow against the assets of Tesla, just his stock in Tesla. Banks are wary of that.

While you never know, I think he's not going to pull it off. Maybe Putin can loan him the cash.
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Oh sure this Saudi Prince I’m sure is smarter than Musk that has to be the case.

The board has a fiduciary responsibility to the share holders. If no other offer deemed better is made they should be sued for rejecting the offer out of hand. And I’d guess Musk can afford some pretty good lawyers.

Additionally Musk can just start buying every share he can find as well as petition share holders directly.

He only needs 50.00000000000001% and then he controls the company… and the board.
 
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#579
#579
NorthDallas40 said:
Oh sure this Saudi Prince I’m sure is smarter than Musk that has to be the case.

The board has a fiduciary responsibility to the share holders. If no other offer deemed better is made they should be sued for rejecting the offer out of hand. And I’d guess Musk can afford some pretty good lawyers.

Additionally Musk can just start buying every share he can find as well as petition share holders directly.

He only needs 50.00000000000001% and then he controls the company… and the board.
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Hey now, careful. WBO is smarter than Musk don't you know. No way Musk anticipated push back and has a plan.
 
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#581
#581
OrangeTsar said:
No, you miss the basic point. With Elon not carrying the app, the tweet is still available to everyone just on a different network. When Twitter blocks a tweet, it is unavailable to EVERYONE. There is no alternate way to see it anywhere. It no longer exists. There is a clear distinction between not carrying a message and not allowing it to exist.
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I get the point. You don't get the parallel.

The information somebody can't tweet is available elsewhere...just not on twitter. The difference would only matter if twitter is the only place to publish opinions online
 
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#582
#582
WBO said:
One of the largest current shareholders, a Saudi prince, has said he's not selling to Musk at any price. Seems they are po'd over his prior announcement that they would fund his taking Tesla private, which didn't happen. It may also mean he's not going to able to access Arab money.

Plus he may be worth billions but it doesn't mean he has $41 billion in cash. He's going to have to find a financing source, even if it's loans against current assets. The big banks rarely finance the entire amount on these types of transactions. They take a first over all the assets and then only loan to a lesser percentage of the collateral value, usually around 50-60%. and it will usually be two or more banks. The rest is financed by what are typically called "mezzanine lenders." That means hedge funds and venture capitalists. The terms on those loans are oppressive.

Also, he can't borrow against the assets of Tesla, just his stock in Tesla. Banks are wary of that.

While you never know, I think he's not going to pull it off. Maybe Putin can loan him the cash.
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Good post up until the Putin reference. Are you equating Musk to Putin? Trying to put them in the same box? You do realize Musk made one of the single most important contributions to the Ukrainian cause by sending Starlink active, right?
 
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#583
#583
n_huffhines said:
I get the point. You don't get the parallel.

The information somebody can't tweet is available elsewhere...just not on twitter. The difference would only matter if twitter is the only place to publish opinions online
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It pretty much is. Twitter holds a defacto monopoly on Microblogging. Every attempt to spin up a competitor is killed by big tech collusion See what AWS, Google, and Apple did to Parler if you need an example
 
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#585
#585
FQVuZamXMAUuyc_
 
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#587
#587
NorthDallas40 said:
Oh sure this Saudi Prince I’m sure is smarter than Musk that has to be the case.

The board has a fiduciary responsibility to the share holders. If no other offer deemed better is made they should be sued for rejecting the offer out of hand. And I’d guess Musk can afford some pretty good lawyers.

Additionally Musk can just start buying every share he can find as well as petition share holders directly.

He only needs 50.00000000000001% and then he controls the company… and the board.
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Then he can emasculate that prince which works be a riot to watch. I've been thinking about buying some Twitter. I'd sell it to Musk at break even just to help him kick these libtards in the teeth.
 
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#588
#588
Twitter adopts 'poison pill' to prevent Elon Musk takeover

The limited duration shareholder rights plan will expire on April 14, 2023

Twitter's board of directors has unanimously adopted a limited duration shareholder rights plan following Tesla CEO Elon Musk's $54.20 per share offer to take the social media giant private.

Under the plan, which is also referred to as a "poison pill", shareholders' rights will become exercisable if an entity, person or group acquires beneficial ownership of 15% or more of Twitter's outstanding common stock in a transaction not approved by the board. In the event that the rights become exercisable, shareholders will be entitled to purchase additional shares of common stock at a discounted rate.

The plan, which will expire on April 14, 2023, does not prevent Twitter's board from engaging with parties or accepting an acquisition proposal if they believe it is in the best interest of the company and its shareholders.

Twitter adopts 'poison pill' to prevent Elon Musk takeover
 
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#590
#590
OrangeTsar said:
It pretty much is. Twitter holds a defacto monopoly on Microblogging. Every attempt to spin up a competitor is killed by big tech collusion See what AWS, Google, and Apple did to Parler if you need an example
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Says the guy unironically commenting on a website that has hundreds and thousands of pages of opinions from anybody who wants to comment.

You gotta be kidding with these mental gymnastics, bro
 
#592
#592
n_huffhines said:
Says the guy unironically commenting on a website that has hundreds and thousands of pages of opinions from anybody who wants to comment.

You gotta be kidding with these mental gymnastics, bro
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yeah, I know VN is a massive competitor to Twitter and that the Twitter Board lies awake at night worrying about not being able to Silence that dastardly orangeTsar with his reach of DOZENS. I am really surprised Trump hasn’t moved his social media efforts here 🙄🙄🙄
 
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#595
#595
Been too long since my business law class - does the board approve acquisition offers (eg. has authority granted by shareholders) or recommend acquisition offers for the shareholders to vote on?

The fiduciary duty situation more at play in the former.
 
#596
#596
volinbham said:
Been too long since my business law class - does the board approve acquisition offers (eg. has authority granted by shareholders) or recommend acquisition offers for the shareholders to vote on?

The fiduciary duty situation more at play in the former.
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I think the board is obligated to put the offer up for vote by the shareholders or find more lucrative alternatives.
 
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#597
#597
hog88 said:
I think the board is obligated to put the offer up for vote by the shareholders or find more lucrative alternatives.
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that's more of the fiduciary duty part though I think it's pretty murky to find them not acting appropriately.

what I'm asking is who has the authority to accept or decline the offer - is the Board the de facto agent of the shareholders and thus can accept or decline OR is the Board an advisory step prior to a shareholder vote (and thus the shareholders could vote opposite of the Board recommendation).
 
#598
#598
lawgator1 said:
Lol !!!

Avik Roy's "sources." LOL !!
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But he has a Ukrainian flag AND a blue check, so by the rules of the Twitter ethos, he is an authority with demigod status 😉
Shucks, all he needs now is pronouns and a pride flag and you would be legally obligated to bow and kiss his holy feet
 
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#599
#599
volinbham said:
that's more of the fiduciary duty part though I think it's pretty murky to find them not acting appropriately.

what I'm asking is who has the authority to accept or decline the offer - is the Board the de facto agent of the shareholders and thus can accept or decline OR is the Board an advisory step prior to a shareholder vote (and thus the shareholders could vote opposite of the Board recommendation).
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I don't know those answers. I think if they refuse to put the offer up for a shareholder vote they would clearly be shirking their fiduciary responsibilities. But WTF do I know?
 
#600
#600
So is there anything that would legally prevent individual shareholders from going ahead and selling to Musk? It doesn’t have to be an all or nothing action, right (assuming Elon would be willing to continue to spend to increase his share short of a clear 50.1% stake)?
 
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