Twitter set to accept Musk's $43 billion offer

[highroller]

Could you quote....oh.... any of these people being "upset"? Here's an older thread on it:

[W: #405] Twitter reportedly nearing deal to sell itself to Elon Musk

https://edition.cnn.com/2022/04/25/tech/elon-musk-twitter-sale-agreement/index.html

debatepolitics.com

I don't see a single "upset" person. It's curious. You actually posted this in that thread at post #34, and it's a response to someone who was joking about it. You didn't quote a single "upset" person, there or here. But then, Trumpist baiting does lie on dishonesty; dumber is better because the sheer stupidity of the lie makes it more likely to annoy a liberal, thereby "pwning the libtards" or whatever you call it now.





_______________
I think it would be hilarious if he goes all in and lets people post whatever the **** they want. Twitter would crash and burn because, as it turns out, people don't actually want their social media messaging service to be 8chan with a bunch of extra nazis, porn, and nazi porn.

My bet is he'll do little things like add an edit button/window, etc., but not really radically change it. Or if he does radically change it, it will be more to his own business ends. Then we'll get to watch them run around declaring that Musk saved "free speech", not that the term means anything at all divorced from the 1st.

Well that’s my opinion that if he buys it he can do whatever he wants. there’s no minority shareholders and so he could just make it a hobby like a website was 15-25 years ago.

 

[highroller]

Twitter had a huge impact on the last election and was fundamental in getting Biden elected by suppressing information. That won't happen in the coming election if this sale goes through.

No it didn’t

 

[D_NATURED]

Well that was a rude condesending post. Why are you trying to start a flame war in this thread I wonder?

I find it laughable that so many frail hand wringing liberals are in absolute fear that Donald Trump may have access to Twitter again. That his words can upset the frail infantile sensibilities and cause "the sky to fall" LOL.

Poor liberals, they may have their insecurity blanket ripped from their hands. LOL

I think what will be ripped from American hands is the constitution. Trump is a piece of shit traitor and you defend him?

It does concern me, though, that the repubs are the ones seemingly defending free speech, but when I see it's just their right to lie and cheat without consequences that they defend, the world makes sense again.

Stupid fascists are going to drag this country down to Trump's level, and that is mighty low.

 

[Dans La Lune]

Question: who gets the 43 billion? Shareholders? Does that mean he is the only shareholder then? He takes it off the market?

It's all funny money anyway.

Musk currently has about $3 billion in cash or other somewhat liquid assets after spending $2.6 billion ...

Musk’s Twitter Financing Plan Raises Questions About Tesla Stake

Elon Musk says he’s secured $46.5 billion in funding for a takeover of Twitter Inc. But more than two-thirds of that is either coming from his own pocket or borrowing against his Tesla shares.

news.bloomberglaw.com

 

[trouble13]

Musk gets Twitter for $44 billion, to cheers and fears of 'free speech' plan

Elon Musk clinched a deal to buy Twitter Inc for $44 billion cash on Monday in a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world's richest person.

www.reuters.com

I know a lot of people on this board were upset with the idea of less censorship on Twitter, but if Reuters is correct it looks like it might happen. Twitter has allegedly agreed to Musk's offer to buy them out. They still have some escape hatches, but they're moving forward it seems. Musk believes that Twitter needs to become a private company to become a "genuine platform for free speech."

Im wondering how many golden parachutes we are gonna see from twitter's execs

 

[Common Sense 1]

Elon Musk Successful Deal to Purchase Twitter for $44 Billion Likely to be Announced After Stock Market Close at 4pm Today​

https://theconservativetreehouse.co...ounced-after-stock-market-close-at-4pm-today/
According to multiple media sources Twitter has reached a deal with the representatives of Elon Musk for the tech billionaire to purchase the social media company. According to the Wall Street Journal, over the weekend the outlines of the deal were agreed and last night the final assembly of the purchase came together.

 

[Common Sense 1]

Im wondering how many golden parachutes we are gonna see from twitter's execs

Hopefully none! As a board they have done a terrible job with Twitter.

 

[MaryP]

It's all funny money anyway.

Musk currently has about $3 billion in cash or other somewhat liquid assets after spending $2.6 billion ...

Musk’s Twitter Financing Plan Raises Questions About Tesla Stake

Elon Musk says he’s secured $46.5 billion in funding for a takeover of Twitter Inc. But more than two-thirds of that is either coming from his own pocket or borrowing against his Tesla shares.

news.bloomberglaw.com

Wow. He's betting the farm on this.

 

[Dans La Lune]

Wow. He's betting the farm on this.

Not really. Trump leveraged 5 million dollars of personal wealth into a billion dollar loan, LOST IT ALL, and there were no consequences. That's how the system is designed.

 

[MaryP]

Not really. Trump leveraged 5 million dollars of personal wealth into a billion dollar loan, LOST IT ALL, and there were no consequences. That's how the system is designed.

I'll take your word for it.

 

[Jack Fabulous]

And it's why the American experiment might finally be nearing its end. You can't have a republican democracy when the base of one of two parties has entered its post-truth phase.

How can YOU, of all people, accuse ANYONE of entering a "post truth" phase?

Don't kid yourself, the root of all of this is the Hunter Biden laptop story and Twitter's choice to ban it. Everyone on the left, including YOU, wrote it off a "fake news". (I can bring back threads where you berate anyone and everyone who dared to even suggest that it just might be true if you like)

And then it turned out that it was true all along.

Musk is a breath of fresh air.

 

[jmotivator]

 

[Josie]

 

[Court Jester]

I think what will be ripped from American hands is the constitution. Trump is a piece of shit traitor and you defend him?

How is Twitter possibly having more free speech anything about me defending or advocating for Donald Trump. Anyone who doesn't like what Trump or anyone else has to say doesn't need to listen or read what they say. I asked the question about how it was possible that Twitter banned Trump, but not the TALIBAN? If Twitter is all about protecting everyone from so called "bad people", how on earth would they allow the Taliban on their platform?

It does concern me, though, that the repubs are the ones seemingly defending free speech, but when I see it's just their right to lie and cheat without consequences that they defend, the world makes sense again.

Hate to break this news to you, but LYING is free speech too. If lying were to be the real basis for de platforming people on Twitter, then just about every democrat would be kicked off already. So, clearly Twitter has not been about defeating misinformation; they have been about CONTROLLING all information.

Stupid fascists are going to drag this country down to Trump's level, and that is mighty low.

Histrionics is not a suitable reaction to Twitter being bought by Elon Musk. Musk isn't even a conservative, he is a liberal, so what are you so afraid of about this business transaction?

 

[Common Sense 1]

Looks like it's a done deal!​

Elon Musk to Acquire Twitter​

Elon Musk to Acquire Twitter ​

https://www.prnewswire.com/news-releases/elon-musk-to-acquire-twitter-301532245.html ​

SAN FRANCISCO, April 25, 2022 /PRNewswire/ -- Twitter, Inc. (NYSE: TWTR) today announced that it has entered into a definitive agreement to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at approximately $44 billion. Upon completion of the transaction, Twitter will become a privately held company.


Under the terms of the agreement, Twitter stockholders will receive $54.20 in cash for each share of Twitter common stock that they own upon closing of the proposed transaction. The purchase price represents a 38% premium to Twitter's closing stock price on April 1, 2022, which was the last trading day before Mr. Musk disclosed his approximately 9% stake in Twitter.


Bret Taylor, Twitter's Independent Board Chair, said, "The Twitter Board conducted a thoughtful and comprehensive process to assess Elon's proposal with a deliberate focus on value, certainty, and financing. The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter's stockholders."

 

[jmotivator]

Question: who gets the 43 billion? Shareholders? Does that mean he is the only shareholder then? He takes it off the market?

Yes. He would buy out all shares and delist the company.

 

[Taylor]

 

[Rexedgar]

Oh Noes!

Trump will not return to Twitter even as Elon Musk purchases platform, will begin using his own TRUTH Social — Fox News

EXCLUSIVE: Former President Trump told Fox News that he will not return to Twitter, even if Elon Musk purchases the social media company and reinstates his account, and instead, will use his own TRUTH Social as the sole platform for his voice.

apple.news

Wish he’d said that before Musk ponied up………

 

[jmotivator]

Only in your own mind, my friend. It's you people who were giddy about the possibility. I don't give a shit about Twitter.

What are the escape hatches?

THese kinds of responses have always puzzeled me. If the statement doesn't apply to you why do you feel you need to say that? And if you don't care about Twitter why are you in the thread?

 

[Rexedgar]

View attachment 67387455

Think of what Musk would have saved…….

 

[jmotivator]

Oh Noes!

Trump will not return to Twitter even as Elon Musk purchases platform, will begin using his own TRUTH Social — Fox News

EXCLUSIVE: Former President Trump told Fox News that he will not return to Twitter, even if Elon Musk purchases the social media company and reinstates his account, and instead, will use his own TRUTH Social as the sole platform for his voice.

apple.news

Wish he’d said that before Musk ponied up………

It's not surprising since he has invested his time and money in a new social media venture.

 

[Rexedgar]

It's not surprising since he has invested his time and money in a new social media venture.

It seems to be doing so well…………

 

[Cardinal]

What a sad little man. All that money that could have been used for good, and he uses it for...this.

 

[jmotivator]

Think of what Musk would have saved…….

The value of Twitter at the time of that exchange was higher than Elon Musk's net worth. He "only" had about $10 billion back then and Twitter was worth about $20 billion.

Since he's worth over $250 billion now it would appear he invested wisely.

 

[MaryP]

Oh Noes!

Trump will not return to Twitter even as Elon Musk purchases platform, will begin using his own TRUTH Social — Fox News

EXCLUSIVE: Former President Trump told Fox News that he will not return to Twitter, even if Elon Musk purchases the social media company and reinstates his account, and instead, will use his own TRUTH Social as the sole platform for his voice.

apple.news

Wish he’d said that before Musk ponied up………

He did. I saw it last week. Trump's nuts, though, to think he's going to get a bigger audience on Truth Social.