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Author Topic: Elon Musk makes offer to buy Twitter  (Read 1280 times)
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April 16, 2022, 05:23:58 PM
 #41

I believe its not about profit for him. Dude is interested in all kinds of weird stuff, electric cars wasn't a big deal when he bought tesla, the two partners that created it almost went bankrupt before Elon decided to take over, and SpaceX is a space company that builds reusable rockets, which was unheard of before he took over. These all look "revolutionary" ideas, but Twitter is also the media that people use these days, people under 40 usually do not watch places like CNN or Fox or anything like that. They check twitter and thats where they learn their news from, and see both sides of the story very well, instead of news channels that show only one side. Elon could control all of that if he buys twitter, which he knows would mean he would be able to shape the world that way as well.

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April 16, 2022, 05:35:49 PM
 #42

While I'm not impressed with him, for the richest man in the world right now it's respect.  Elon if he wants can continue to buy shares of twitter, even if he is interested in the sport of football - some MU fans have mentioned Elon and expect him to buy the team.  Lol, if he really wants to polish his name because he's got it all.  In fact, Elon has a 10% shareholder in twitter but he declined to participate in the Twitter development executive meeting and if he wants to take it all in by buying twitter outright - he can.

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April 16, 2022, 05:49:47 PM
 #43

There is no smoke without fire. I can only see the offer he is giving to get all the shares but his reason for acquiring Twitter is not convincing. I know he is Bitcoin pro and a maxis, but wait a minute. You don't just take a platforms and reforms it easily, you have to know limit and when a spade is spade.
Twitter is a home of crypto investors but I can say boldly that is not everyone who is on Twitter that has use bitcoin in there life.
I know he is an Ambitious man but sometimes, it is best you leave things the way they are and I personally haven't really experience any issues using Twitter since I registered an account unlike Facebook that is myopic and self center in their ads.

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April 16, 2022, 05:50:47 PM
 #44

I don't mind Elon Musk, but I'd say he is not very good for the crypto industry. He can make things go up or down, tease with investments or opportunities and then move on, and other things like that. Jack, on the other hand, is clearly pro-Bitcoin, so I wouldn't want Musk to have more power over Twitter than he already has. After all, he is the biggest individual shareholder, right? Not to mention his popularity of Twitter, which is huge. So I don't think this will happen, and I hope Twitter will remain somewhat independent of this guy's wishes.

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April 16, 2022, 05:55:49 PM
 #45

There is no prove of the amount of bitcoin Elon musk own, so the insuniation of his position in bitcoin is baseless with twitter offering. On twitter, Elon musk owns the largest share but I cant find anything up to 10.3%. Other top Twitter shareholder plan to do everything to prevent the acquisition of the social media irrespective of the fund offered. Elon musk public display and his opinion on free speech does not make the platform safe for his acquisition.
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April 16, 2022, 09:22:09 PM
 #46

~
We all know how deceitful Elon Musk can be, all he cares about is doge coin, not bitcoin, even doge coin rose when he bought shares on Twitter, he is only looking for ways to make doge popular and this can be effective if he owns Twitter. I believe he will fail because Twitter is never like Facebook and will never be like Facebook. His aim will only be towards making doge the dominant coin Twitter will be accepting just as he did with Tesla after his bitcoin criticism which he was wrong about but just wanted to fool people.
The basic is that how much Elon Musk is mocking the entire cryptocurrency space by supporting a meme coin and yet everyone is behind it and investing in them and he showed how easy for him to manipulate the entire market . Elon Musk has the pocket to purchase Twitter and it all depends upon other board members whether he will be having the authority to purchase them.
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April 16, 2022, 10:19:48 PM
 #47

We know that he is an overly hyped businessman, he does whatever based on what he wants but I don't really know what he wants by acquiring twitter. He was able to buy all the shares thanks to the financial strength he had, but anyway it was just an offer so I can believe that he might fail with his plan.

So let's speculate a bit about him, did he really manage to pull it off?
Musk wants to acquire twitter because he can use it for his own selfish desire maybe in promoting dogecoin rather than bitcoin. As he believes that twitter has the highest potential to be the platform for free speech around the globe, so he'll definitely use it for his own gains. But based on my research, the twitter boards will do everything not to sell twitter. So most likely, all the boards have agreed to decline the offer. https://www.cnbc.com/2022/04/14/why-elon-musk-might-want-to-buy-twitter-for-43-billion-dollars.html

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April 16, 2022, 10:41:11 PM
 #48

I think Elon should not be buying Twitter. Honestly it is not his business line. Yes I understand that he is billionaire and he could do any dam thing he wants to do. It’s not big deal for him to buy twitter considering twitter is valued at $36 bln while Elon holds 10% shares meaning he gets that much discount instantly.

However, it would really put Twitter share market value at risk. His mind only works best in tech stuff, and in crypto space he would definitely look after DOGE. But assuming the history, lot of people have lost money due to Elons act of doge tweets! Rest we know how everyone will react.
Since he has the money, then buying the whole twitter shares will not be a problem to him but other shares holders might decided to ignore his approach because of his obvious agenda. If he wants to push the price of doge coin then he should not forget that Bitcoin can do that faster cause other cryptocurrency will also have a bull movement even though it's not much.
I think he wants to use his influence to pressure stake holders to sell there shares so he can have huge control of Twitter.

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April 16, 2022, 10:53:17 PM
 #49

We know that he is an overly hyped businessman, he does whatever based on what he wants but I don't really know what he wants by acquiring twitter. He was able to buy all the shares thanks to the financial strength he had, but anyway it was just an offer so I can believe that he might fail with his plan.

So let's speculate a bit about him, did he really manage to pull it off?
Musk wants to acquire twitter because he can use it for his own selfish desire maybe in promoting dogecoin rather than bitcoin. As he believes that twitter has the highest potential to be the platform for free speech around the globe, so he'll definitely use it for his own gains. But based on my research, the twitter boards will do everything not to sell twitter. So most likely, all the boards have agreed to decline the offer. https://www.cnbc.com/2022/04/14/why-elon-musk-might-want-to-buy-twitter-for-43-billion-dollars.html

Elon Musk is unlikely to want to spend a lot of money to buy Twitter if he doesn't get the benefits, Surely Elon Musk has big plans that can make him
even richer. Due to the large number of Twitter users, it takes Elon Musk to promote something, especially since Twitter has been proven to be able
to turn certain coins into hype. I also have no doubt Elon Musk can afford to buy Twitter with his wealth, the problem is that Twitter's board of directors
doesn't necessarily want to sell it to Elon Musk. So it's likely Elon Musk should be disappointed that a bid proposal with such fantastic numbers will be
rejected by Twitter's board of directors. Because so far the Twitter board of directors is still careful with Elon Musk's offer, and there are no plans to sell it
to Elon Musk.

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April 16, 2022, 11:23:47 PM
 #50

We know that he is an overly hyped businessman, he does whatever based on what he wants but I don't really know what he wants by acquiring twitter. He was able to buy all the shares thanks to the financial strength he had, but anyway it was just an offer so I can believe that he might fail with his plan.

So let's speculate a bit about him, did he really manage to pull it off?
Musk wants to acquire twitter because he can use it for his own selfish desire maybe in promoting dogecoin rather than bitcoin. As he believes that twitter has the highest potential to be the platform for free speech around the globe, so he'll definitely use it for his own gains. But based on my research, the twitter boards will do everything not to sell twitter. So most likely, all the boards have agreed to decline the offer. https://www.cnbc.com/2022/04/14/why-elon-musk-might-want-to-buy-twitter-for-43-billion-dollars.html

Elon Musk is unlikely to want to spend a lot of money to buy Twitter if he doesn't get the benefits, Surely Elon Musk has big plans that can make him
even richer. Due to the large number of Twitter users, it takes Elon Musk to promote something, especially since Twitter has been proven to be able
to turn certain coins into hype. I also have no doubt Elon Musk can afford to buy Twitter with his wealth, the problem is that Twitter's board of directors
doesn't necessarily want to sell it to Elon Musk. So it's likely Elon Musk should be disappointed that a bid proposal with such fantastic numbers will be
rejected by Twitter's board of directors. Because so far the Twitter board of directors is still careful with Elon Musk's offer, and there are no plans to sell it
to Elon Musk.


We know for sure that Elon won't make that offer if he is not seeing something about Twitter's future. He is a businessman, so his goal is to gain profit from whichever investment he will put into. But we don't know how long the board of directors can hold but for now, I don't think they will accept Elon's offer. The popularity of this social media is still high so they know they are still earning good money. Maybe, if they see that Twitter is being left behind, that's when they will start thinking selling this platform.
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April 16, 2022, 11:35:05 PM
 #51

I doubt he will successfully buy Twitter. Twitter CEO must have a bigger plan for Twitter in the future. Except if Elon Musk wants to be an investor or being a partner of Twitter company, it can be considered by him. Not sure what Elon Musk is doing right now, he probably wants to own all the projects that have a great potential to be developed in the future. I can't believe if he really wants to buy Twitter to make Twitter ads paid with BTC.  Grin

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April 16, 2022, 11:49:51 PM
 #52

"I don't want to be rich, but I want to be able to have or buy whatever I want in life" - Elon Musk

Elon can get anything he desires to get at any cost. If he pushes so hard, he'll get the highest share of twitter. If you deny him the opportunity, I think according to your post, he threatened to withdraw his share and that will affect twitter in some ways.
We all need to know that Elon is one of the most influential personalities in the world. He gets what he wants but I do not agree with Op that Elon will invest a whooping $40 billion in order to pump or promote dodge.
Elon is very ambitious, and most probably if he sells his share someone will catch the price and will make it more expensive again.
Twitter is a huge social media platform, if the owner really wants to sell it they will sell it a huge price. I don't think Elon will spend his money on twitter just to promote DOGE because he can do that even without spending billions of money. He's the richest man in the world today, he can do whatever he wants but if he is going to deal with other billionaires, he might find a hard time dealing with them.
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April 16, 2022, 11:58:26 PM
 #53

I doubt he will successfully buy Twitter. Twitter CEO must have a bigger plan for Twitter in the future. Except if Elon Musk wants to be an investor or being a partner of Twitter company, it can be considered by him. Not sure what Elon Musk is doing right now, he probably wants to own all the projects that have a great potential to be developed in the future. I can't believe if he really wants to buy Twitter to make Twitter ads paid with BTC.  Grin

Well, one thing I can think of is he's famous in most social media especially in Twitter so maybe for a manipulation or whatever we could think of he could do since it's his if he could own it. Twitter people might not be happy if that's going to happen but maybe just for crypto or something since Twitter isn't just for crypto since it has a lot that most people would do. So we can't think what Elon really be thinking about of the offer to buy Twitter.

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April 17, 2022, 01:23:26 AM
 #54

Twitter is considering a corporate defense tactic to fend off Musk.
They are considering launching the so-called 'poison pill', a maneuver aimed at avoiding an unwanted acquisition offer, due to the irregularities Elon Musk has committed after his purchase offer.
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April 17, 2022, 01:42:07 AM
 #55

Twitter is considering a corporate defense tactic to fend off Musk.
They are considering launching the so-called 'poison pill', a maneuver aimed at avoiding an unwanted acquisition offer, due to the irregularities Elon Musk has committed after his purchase offer.

The step taken by Elon Musk is perfectly legal and in turn Twitter turns down his offer, then they have to do a lot of justification to their share holders. On the other hand, I really doubt whether the "poison pill" tactic is legal. If challenged in the courts, Twitter may be fined heavily for the losses incurred by Elon due to this tactic. It is neither legal or ethical. The left-wing moonbats believe that they can get away with anything. But unfortunately they are messing up with the richest man in the world. 

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Re: [OPEN]Stake.com NEW SIGNATURE CAMPAIGN l NEW PAYRATES l HERO & LEG ONLY
May 31, 2022, 08:28:59 AM
Reply with quote  +Merit  #2
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April 17, 2022, 02:22:48 AM
 #56

I really wonder about their valuation in this day and age. Although Elon Musk has had a lot of successful deals, his influence is growing in every area. I see him spoiling some. criteria in the field of economics, specifically crypto. But on this topic, we are talking more about Twitter. To be honest, I am increasingly fed up with navigational news from social networks. Sometimes just turning them on can be a bunch of news focusing on one issue. Of course, both positive and negative elements coexist, but I've seen how the news can distort the truth and justice in recent years.

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April 17, 2022, 02:38:56 AM
 #57

I wonder what the outcome will be of this. Basically seems like a good stock option play. Price will either go to his buy out price or will go back to where it was before he purchased it.

Obviously if they don’t let him buy it he will dump his shares, why wouldn’t he. And since the share holders don’t want that they are in a big pickle.

Either way, I see no harm in letting him take over. He is a very smart man and can help Twitter grow. However I see why people are concerned.

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April 17, 2022, 05:49:24 AM
 #58

It it laughable the way the woke folks at Twitter are trying to avoid the inevitable sale to Elon. They have now come up with the "Poision Pill" option. Is this even legal? I don't think that they will be able to defend this in the court. Dilution of shareholding just to target one of the investors is extremely unfair, and these guys are just lucky that the SEC is under the control of the Biden administration. Things may change after the mid-term elections though. Going by the early trends, Dems stand to lose even blue states such as Michigan, Minnesota, Colorado and Maine.
One is a situation where a bomb was dropped into a ship and killed dozens of soldiers and created hundreds of people who got affected and even the main reason for the atomic bomb to happen as well resulting with whole cities being destroyed and Trump is talking about how it is similar to him not being able to tweet anymore.

I can't really stress this enough, it is not that bad that Biden became president, he is not great, he is not awesome, but to realize the fact Trump shouldn't have been a president to begin with not because of political reasons, not because of his decisions, but because he is unpresidential and he is a cry baby and nothing more. Glad I am not American.

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April 17, 2022, 12:09:01 PM
 #59

I wonder what the outcome will be of this. Basically seems like a good stock option play. Price will either go to his buy out price or will go back to where it was before he purchased it.

Obviously if they don’t let him buy it he will dump his shares, why wouldn’t he. And since the share holders don’t want that they are in a big pickle.

Either way, I see no harm in letting him take over. He is a very smart man and can help Twitter grow. However I see why people are concerned.

Don't underestimate Elon Musk. He is too intelligent. He became the richest man on this planet thanks to his intelligence. If Twitter comes up with this stupid 15% limit, then Elon may purchase 14.9% of the stock for himself, another 14.9% for his wife, and smaller shares for each of his 8 children. Elon is having a big family, and that helps. Now what will the Libertards at Twitter do against this? Will they come up with another rule, limiting shareholding for extended family? And don't forget the fact that none of the idiots who are present in Twitter board holds more than 0.1% of the shares (apart from Dorsey).


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Re: [OPEN]Stake.com NEW SIGNATURE CAMPAIGN l NEW PAYRATES l HERO & LEG ONLY
May 31, 2022, 08:28:59 AM
Reply with quote  +Merit  #2
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April 17, 2022, 12:47:19 PM
Last edit: April 17, 2022, 03:08:04 PM by Rikafip
 #60

So let's speculate a bit about him, did he really manage to pull it off?
 Musk wants to acquire twitter because he can use it for his own selfish desire maybe in promoting dogecoin rather than bitcoin.
He is certainly not offering that kind of money if he doesn't think that he will profit from it, but do you really think that he would spend 40 billion dollars as a way to promote Dogecoin, when he can do it for free on Twitter anyway? This would be extremely stupid move and he didn't make all those billions by being stupid. He for sure has some bigger plans for it and not to shill some some shitcoin.


Either way, I see no harm in letting him take over. He is a very smart man and can help Twitter grow. However I see why people are concerned.
I don't like Musk and all that stuff about him shilling Dogecoin, changing opinion about Bitcoin etc, but I am not so sure that Twitter would be any worse if he takes it over as they have been very restrictive lately when it comes to stuff that you can say and not getting banned. The only question is whether he is serious about all that freedom of speech thing or he is just bullshiting, which wouldn't be the first time.


Twitter is considering a corporate defense tactic to fend off Musk.
They are considering launching the so-called 'poison pill'
Movie buffs will understand the meme Cheesy


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