Would Twitter become better or worse if Musk controlled it?

Discussion in 'Off-Topic' started by Kyriakos, Apr 14, 2022.

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If Musk ends up controlling Twitter, that would make Twitter:

  1. better

    16 vote(s)
    35.6%
  2. worse

    29 vote(s)
    64.4%
  1. Gorbles

    Gorbles Load Balanced

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    It reads as though the termination fee applies to both parties.

    Of note, he was also playing games before the bid was accepted, Tweeting that he'd do something about the bots if successful. To make that now contingent on the deal going through, really makes it seem like a stock inflation scheme.
     
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  2. Samson

    Samson Deity

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    It does, but then who would be getting the $2B?
     
  3. Fippy

    Fippy Mycro Junkie Queen

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    Hopefully his bankroll explodes..and a money rain feeds the poor.
     
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  4. The_J

    The_J Say No 2 Net Validations Administrator Supporter

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    No, I think this is the wrong interpretation.
    Elon hopes to reduce the price for the shares by this. If now Twitter says it's not good enough anymore, and they cancel, then good for him (well, his money).
    But if it still is, he saves money on the shares. Win-win situation for him.
     
  5. Samson

    Samson Deity

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    Surely offering less money is effectively walking away from the deal? Or else he could offer 1c, and if they do not accept they are walking away from the deal.
     
  6. The_J

    The_J Say No 2 Net Validations Administrator Supporter

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    I wouldn't be sure if he can do that, or if the agreement might stipulate that he needs to take over X shares for a price of Y times the current rate, or something like this.
    But I'm only guessing.
     
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  7. Birdjaguar

    Birdjaguar Hanafubuki Super Moderator Supporter

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    Musk can certainly afford the $1 billion to get out of a deal he changes his mind on. Maybe he can negotiate a lower price over bots, but I don't think that's a real issue. I think he is just getting cold feet. His deal put him in the news and got everyone in a tizzy. The billion dollar cost is far better than getting caught up in a losing deal he will regret later. Because Musk's wealth is mostly tied up in Tesla Twitter stock, he would likely have to sell some to get the cash for the walk away price. That might depress the share price.

    The penalty only applies to Musk and only if he walks.
     
    Last edited: May 18, 2022
  8. EnglishEdward

    EnglishEdward Deity

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    The way I see it, if Elon Musk can prove that the twitter company supplied him with significantly
    misleading information, he will likely not pay anyone other than his own lawyers.
     
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  9. Lexicus

    Lexicus Deity

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    Tesla?
     
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  10. Birdjaguar

    Birdjaguar Hanafubuki Super Moderator Supporter

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    Fixed.
     
  11. Kyriakos

    Kyriakos Creator

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    So Musk is already harming twitter before he even has bought it.
    Can only prepare a better future.
     
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  12. amadeus

    amadeus Techbrophobe

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    I’ve heard speculation that Musk only floated the idea of buying Twitter as a facade to sell off Tesla stock and not raise eyebrows, but that seems implausible to me: I believe the sale of stock by company insiders is regulated by the SEC, though how thorough that is I can’t say for certain.

    Maybe Musk has been reading my posts and agrees that forty billion dollars, more money than all of us posting here have or will ever have combined, is probably a lot of money to spend on a bulletin board system.
     
  13. cardgame

    cardgame Obsessively Opposed to the Typical

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    Without giving any credence to the idea, which I am hearing here now for the first time, Musk is not new to openly and publicly violating SEC law :lol:
     
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  14. amadeus

    amadeus Techbrophobe

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    On the one hand, it seems hard to believe that Musk would do something so blatant in inviting scrutiny.

    On the other, it seems entirely plausible that he would try something so blatant.

    Letting him buy and sell stocks is letting the fox into the nuthouse. Er, henhouse.
     
  15. Lexicus

    Lexicus Deity

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    https://www.sec.gov/news/press-release/2018-226

    tl;dr on this is Musk already committed improper market manipulation via Tweet so it is not at all hard to believe that Musk would engage in quite blatant criminality.
    He is, after all, a criminal.
     
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  16. Kyriakos

    Kyriakos Creator

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    I also happened to see a post of his - because it was trending - where he was crying that all attacks against him are political and ultimately are because he wants to protect people's freedom and right to speech.

    If people weren't so greedy, they'd have avoided making the decision to even discuss selling twitter to him.
     

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