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Elon Musk is dumping 43 Billion Into Twitter in a Hostile Takeover

Posted on 4/14/22 at 5:35 am
Posted by BoarEd
The Hills
Member since Oct 2015
38862 posts
Posted on 4/14/22 at 5:35 am
Posted by papasmurf1269
Hells Pass
Member since Apr 2005
20890 posts
Posted on 4/14/22 at 5:37 am to
Do you have a link, or am I just supposed to take your word for it?
Posted by BoarEd
The Hills
Member since Oct 2015
38862 posts
Posted on 4/14/22 at 5:38 am to
It'll come across the wire soon enough.
Posted by KingBeingking
Member since Jul 2014
2388 posts
Posted on 4/14/22 at 5:40 am to
LINK

I’ll help this thread out
This post was edited on 4/14/22 at 5:42 am
Posted by Kliner1321
Member since Oct 2020
174 posts
Posted on 4/14/22 at 5:41 am to
Melt incoming
Posted by Wtodd
Tampa, FL
Member since Oct 2013
67482 posts
Posted on 4/14/22 at 5:42 am to
quote:

Hostile Takeover

I would love to see this but what's he's doing isn't hostile
Posted by BoarEd
The Hills
Member since Oct 2015
38862 posts
Posted on 4/14/22 at 5:44 am to
quote:

I’ll help this thread out


Thanks.

I have a reputation to uphold.
Posted by BoarEd
The Hills
Member since Oct 2015
38862 posts
Posted on 4/14/22 at 5:45 am to
quote:


I would love to see this but what's he's doing isn't hostile


I would say it is. He declined the board position so he could buy it outright.
Posted by CleverUserName
Member since Oct 2016
12543 posts
Posted on 4/14/22 at 5:46 am to
quote:

"If the deal doesn’t work, given that I don’t have confidence in management nor do I believe I can drive the necessary change in the public market, I would need to reconsider my position as a shareholder."


Ooooh. There is the money shot. Dumping all his shares at once will TANK the stock price. Especially when other shareholders jump in to prevent themselves being bagholders.
Posted by Wtodd
Tampa, FL
Member since Oct 2013
67482 posts
Posted on 4/14/22 at 5:47 am to
quote:

I would say it is. He declined the board position so he could buy it outright.

You kinda missed by sarcastic point...I'd love for EM to go into Twitt HQ with a chainsaw and take over.
Posted by Plx1776
Member since Oct 2017
16197 posts
Posted on 4/14/22 at 5:48 am to
I see he's only offering to buy it.. those other shareholders will never willingly sell their shares. Twitter is a goldmine for setting narratives and pushing them out. No way they give that up.
Posted by Langland
Trumplandia
Member since Apr 2014
15382 posts
Posted on 4/14/22 at 5:48 am to
Twatter won't accept it. Twatter is needed to spread the liberal lies and suppress any opposition.
Posted by BoarEd
The Hills
Member since Oct 2015
38862 posts
Posted on 4/14/22 at 5:50 am to
43B is a lot of money.
Posted by PhDoogan
Member since Sep 2018
14947 posts
Posted on 4/14/22 at 5:54 am to
Good- twatter should have never fricked with his bros over at the Babylon Bee. Elon had been pretty vocal about his dislike about twatter's censorship, but it was within a week of twatter removing BB that he made his first move.

And he called BB right before he made his initial purchase.

Just saying. You frick with the Bee, you get the, uh... stinger.

This post was edited on 4/14/22 at 6:45 am
Posted by jonnyanony
Member since Nov 2020
9927 posts
Posted on 4/14/22 at 5:54 am to
I like him messing with Twitter but that's not where I'd put my $43B in cash.
Posted by musick
the internet
Member since Dec 2008
26125 posts
Posted on 4/14/22 at 5:58 am to
In
This post was edited on 4/14/22 at 5:58 am
Posted by CleverUserName
Member since Oct 2016
12543 posts
Posted on 4/14/22 at 6:02 am to
quote:

I see he's only offering to buy it.. those other shareholders will never willingly sell their shares.


Not how it works. In a cash sale, shareholders are given a premium price for their shares (usually) and then the shares are canceled.
Posted by dewster
Chicago
Member since Aug 2006
25337 posts
Posted on 4/14/22 at 6:04 am to
If this works, Parler and Trump’s social media platforms are probably dead.
Posted by RCDfan1950
United States
Member since Feb 2007
34886 posts
Posted on 4/14/22 at 6:07 am to
It’s real, on Fox now. Will be interesting to watch them squirm.
Posted by Blitzed
Member since Oct 2009
21292 posts
Posted on 4/14/22 at 6:09 am to
What a Chad.
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