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Elon Musk Becomes Twitter’s Largest Shareholder…
- Thread starter GodFearinGunTotin
- Start date
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I guess Twitter will continue to suck. That's a shame.
I do find it hilarious that the board was originally looking at what actions they could take to keep him from acquiring the company. Now they plan to sue him if he doesn't.
I do find it hilarious that the board was originally looking at what actions they could take to keep him from acquiring the company. Now they plan to sue him if he doesn't.
Wonder if they are thinking their liberal friends in media and government will protect them, like always?
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I'm thinking there are a lot of pissed stock holders that want their payout. His offer was about 1.5 times what the stock sits at right now.
And I think their stock is gonna fall a bit.
This may just be a tactic to get a better price. I hope that's true.
Seems to me like it would be very dumb of Twitter to go to court with Musk and expose themselves to discovery when the entire reason for tanking the deal was Twitter being unwilling to admit what a massive percentage of their platform is bots.
Yep, rock and hard place. I feel so bad for them...
Just published on CNN Business. Musk in a tweet said: "Now they have to disclose bot information in court"
Absolutely beautiful! I foresee a negotiated out of court settlement at a reduced price, and possibly investor lawsuits against the Board.
Absolutely beautiful! I foresee a negotiated out of court settlement at a reduced price, and possibly investor lawsuits against the Board.
Almost like how MSM is in lockstep all the time... 
One word baby, DISCOVERY!
I do not have a twitter account. I decided to give it a try and signed up only to find that my email had already been used. Contacted them about it and got the runaround.
Then, even tho they didn't resolve anything, I got an email wanting me to fill out a survey saying how happy I was with the service. I did fill it out but not with the happy clause.
Doubt that Elon will car and get this straightened out so I will just watch for info drops on INGO instead.
Then, even tho they didn't resolve anything, I got an email wanting me to fill out a survey saying how happy I was with the service. I did fill it out but not with the happy clause.
Doubt that Elon will car and get this straightened out so I will just watch for info drops on INGO instead.
I can't help but think the latest song and dance might be a ploy to somehow use Twitter's
legal action to force him to complete the sale to reset the purchase price closer to market.
Twitter currently has a share price below $40 and the original deal was for $54.20 per share, so current market price would be a 27.5% savings or about $12 billion cheaper. Assuming he would offer a premium over market price, a savings of $8 to 10 billion. Even if he had to make a billion dollar penalty payment he still comes out way ahead, and if twitter doesn't want to close the new deal I believe they are fatally weakened anyway
Elon Musk says remote workers are just pretending to work. Turns out he’s (sort of) right
New data from Qatalaq and GitLab reveals remote workers spend time every day doing menial tasks to convince their managers and colleagues they’re really working. A lot of time.
