Elon Musk Offer to purchase Twitter

Let's see what Reuters has to say...

Breakingviews: Elon Musk probably won’t buy Twitter
https://www.reuters.com/breakingviews/elon-musk-probably-wont-buy-twitter-2022-04-27/

Four years ago, Elon Musk vowed to set up a peanut brittle company to take on Warren Buffett’s iconic U.S. confectioner See’s Candies. Then he changed his mind. It wouldn't be surprising if Musk's $44 billion deal to buy social network Twitter went the same way.

Sure, the Tesla boss was clearly serious about acquiring Twitter as of recently. The financing from Morgan Stanley is shored up. The agreement includes a fee of $1 billion that he – or Twitter – would have to pay if they renege on the contract. And Twitter’s lawyers even wedged in a so-called “specific performance” clause, which could theoretically force Musk to buy the company if he threatens to back out, though in practice this could probably be settled by adding to the break fee.

There are good reasons for him to get cold feet. The biggest is Tesla. The electric-vehicle maker’s stock has fallen around a fifth since Musk first revealed his stake in Twitter, partly because Musk may sell shares to fund his new adventure. If Tesla’s stock bounces back – likely if the Twitter deal falls away – the $40 billion of recouped wealth would more than make up for the break fee.

China is a major sticking point too. Tesla produces half of its vehicles there, as well as a quarter of its revenue. But Twitter is no friend to the People's Republic, most recently for defying Beijing in its handling of content related to Hong Kong protests. China could easily hold Tesla to ransom if a Musk-owned Twitter didn’t play ball. That’s uncomfortable for a self-professed “free speech absolutist.”

In reality, Musk’s absolutism probably won't survive a Twitter deal anyway. European Union Commissioner Thierry Breton told the Financial Times this week that the company must police illegal or harmful content or risk being banned. In the United States, where regulators are less aggressive, other technology firms could effectively create the same threat. Apple, for example, gets to decide which apps appear in its influential store.

One thing makes it easier for Musk to walk away before any of this becomes a problem: The market partly anticipates it already. Twitter’s stock is currently trading 11% below his offer price – a fairly wide spread for a deal with little antitrust pushback. Musk’s tweets criticizing some company actions – potentially flouting the merger agreement - already suggest he might be starting to lose interest. Most likely, Musk's attention will wander elsewhere. It wouldn't be the first time.
Karen Finerman on CNBC, who's one of their better traders... she shorted it.
$52ish I think she said.
 
Hard to say that Twitter's stock price is proof that the deal won't transpire when the market is down over the same period - while at the same time claiming Disney's losses over the same period are because of the market and not because they stepped into a political quagmire.

I am not saying the deal with certainly happen, but this isn't empirical evidence by a county mile.
 
Musk with more truth. I read a lot on the political shift of the last decade. Really interesting info.


Hah! You read a lot on the political shift in the last decade you say? And where did you read about this political shift?

770DD6CD-2CAD-4DEB-9FA4-28E30A0809CA.jpeg


8C3DE9D8-973C-40C0-AE93-86A54992DD87.jpeg
 
That is right. Look at the source, this is the most reliable Washington Compost. Nope, I would rather listen to smart people, such as Ilon for example.
 
Roger Stone Tries to Come Back to Twitter, Is Immediately Re-Banned
“Well bitches I’m back on Twitter,” Stone bragged on early Thursday morning. It didn’t last long.
https://www.thedailybeast.com/roger-stone-tries-to-come-back-to-twitter-is-immediately-re-banned

After Elon Musk purchased Twitter for $44 billion, veteran GOP operative Roger Stone thought he was safe to return to the platform after being permanently banned in 2017.

But his homecoming didn’t last long, as the longtime ally of ex-president Donald Trump was re-banned within hours of creating his new account.

“Well bitches I’m back on Twitter,” Stone bragged on Telegram early Thursday morning. “I’m anxious to see how strong Elon Musk’s commitment to free speech is.”

After the new account, @RogerStoneUSA, was connected to the self-described “dirty trickster,” he was banned within minutes—again.

“The account referenced was permanently suspended for violations of the Twitter Rules, specifically our ban evasion policy,” a Twitter spokesperson told The Daily Beast.


Reached for comment by The Daily Beast, Stone said, “I posted a new account to prove a point,” adding: “I look forward to whoever made the decision to suspend my account getting fired. Attn: Elon Musk.”

In 2017, Stone was initially banned from Twitter after hurling a series of vulgarities at CNN hosts on the platform.

“My new Twitter account was suspended after just six hours. So much for free speech,” he further wrote after getting the boot. “Just makes me like Telegram all the more.”

In other Stone news, he has recently launched his own nightly show The Stone Zone on Frank Speech, the streaming platform created by MyPillow CEO Mike Lindell, and claimed he was being censored on his pal Trump’s social-media site Truth Social.
 
Roger Stone Tries to Come Back to Twitter, Is Immediately Re-Banned
“Well bitches I’m back on Twitter,” Stone bragged on early Thursday morning. It didn’t last long.
https://www.thedailybeast.com/roger-stone-tries-to-come-back-to-twitter-is-immediately-re-banned

After Elon Musk purchased Twitter for $44 billion, veteran GOP operative Roger Stone thought he was safe to return to the platform after being permanently banned in 2017.

But his homecoming didn’t last long, as the longtime ally of ex-president Donald Trump was re-banned within hours of creating his new account.

“Well bitches I’m back on Twitter,” Stone bragged on Telegram early Thursday morning. “I’m anxious to see how strong Elon Musk’s commitment to free speech is.”

After the new account, @RogerStoneUSA, was connected to the self-described “dirty trickster,” he was banned within minutes—again.

“The account referenced was permanently suspended for violations of the Twitter Rules, specifically our ban evasion policy,” a Twitter spokesperson told The Daily Beast.


Reached for comment by The Daily Beast, Stone said, “I posted a new account to prove a point,” adding: “I look forward to whoever made the decision to suspend my account getting fired. Attn: Elon Musk.”

In 2017, Stone was initially banned from Twitter after hurling a series of vulgarities at CNN hosts on the platform.

“My new Twitter account was suspended after just six hours. So much for free speech,” he further wrote after getting the boot. “Just makes me like Telegram all the more.”

In other Stone news, he has recently launched his own nightly show The Stone Zone on Frank Speech, the streaming platform created by MyPillow CEO Mike Lindell, and claimed he was being censored on his pal Trump’s social-media site Truth Social.

And the bannings will continue...

‘Ivermectin' Trends on Twitter Because Its Fans Think Elon Musk Is Already in Charge
Fans of “freedom” and unproven COVID treatments are testing what they can say on the platform.
https://www.vice.com/en/article/93b...its-fans-think-elon-musk-is-already-in-charge
 
Back
Top