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Merged Musk buys Twitter!/ Elon Musk puts Twitter deal on hold....

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Darat said:
That's why he paid such a premium for it? Seems a rather strange business decision. Also wonder why he tried to get out of the deal?
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Whatever - it was the company's weakening finances that gave him the opening in the first place, that's beyond any doubt.

Plus many of the employers let go dealt with Twitter's customers - seems strange to label folk who ensured money flowed into Twitter as woke, but whatever floats your boat ...
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See above. Again, not paying attention?

... - we all know "woke" means "them" for you.
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It means "idiots" to me.
 
IsThisTheLife said:
created the opening for Musk's buy-out.
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Opening? Strange way to phrase something Musk himself desperately tried to stop in the courts.

The owners were laughing all the way to the bank. Cackling with laughter and rubbing their hands together, no doubt. They got $44B for a loss making company.
 
Regarding the idea that Elon just recently learned that Jim Baker was Twitter's top lawyer: We now know that is false. Here is Elon acknowledging the fact... back in April.
 
I Am The Scum said:
Regarding the idea that Elon just recently learned that Jim Baker was Twitter's top lawyer: We now know that is false. Here is Elon acknowledging the fact... back in April.
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What a pathetic pair of losers Musk and Taibbi look like right now. Apparently Bari Weiss is up next.

I think there are only so many times they can cry wolf over this story until people tune it out like they did Bengazi. They will try to get as much mileage as they can in the meantime.
 
IsThisTheLife said:
Whatever - it was the company's weakening finances that gave him the opening in the first place, that's beyond any doubt.
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No it wasn’t it was the premium he put on the share price, any board would have recommended that sort of premium.

IsThisTheLife said:
See above. Again, not paying attention?

…snip…
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Nope doesn’t cover that point at all.
 
Darat said:
No it wasn’t it was the premium he put on the share price, any board would have recommended that sort of premium.
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It really is hard to take seriously the idea that Musk paid way more than the company was worth because the company was going down the tubes. As low of an opinion that I have I don't think Musk is quite that stupid.
 
IsThisTheLife said:
Whatever - it was the company's weakening finances that gave him the opening in the first place, that's beyond any doubt.
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If that was the case, then Musk would never have had to pay four times over Twitter's own value for the company. He'd have gotten it at a discount, likely a steep one of maybe $1bn to $2bn, or quite a lot less if he was willing to take on the debt.

It's extremely stupid to pay a big premium for a company as financially compromised as you assert that Twitter was before Musk bought it. Are you stating that Galaxy Brain Elon is as stupid as I think he is?
 
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IsThisTheLife said:
Whatever - it was the company's weakening finances that gave him the opening in the first place, that's beyond any doubt.
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You can invent any rationale you want; the actual fact of the matter was that Twitter was in no danger whatsoever of insolvency or even anything like cost-saving layoffs until Musk took over and instantly saddled it with more debt than it can afford to pay.

Twitter's sale was forced by nothing more than the size of Musk's buyout offer, which was so comically and irresponsibily large that Twitter would have faced a shareholder lawsuit if they ignored it. Beyond that, Twitter had no interest at all in selling to him, which is obvious from the fact that they refused to let him negotiate even a cent down from his impulsive meme-price.
 
From the Department of the Most Predictable Things Ever:

COVID, vaccine misinformation 'spiking' on Twitter after Elon Musk fires moderators

The volume of COVID misinformation has jumped alarmingly on Twitter, while anti-vaccination networks that had formerly been dispersed are already reforming and reorganising, according to research.

When Elon Musk took over the social media platform in late October, he set about dismantling certain moderation policies as well as the teams tasked with enforcing them.

By the end of November, a system that had been painstakingly built by many people over many years lay in tatters.
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Checkmite said:
You can invent any rationale you want; the actual fact of the matter was that Twitter was in no danger whatsoever of insolvency or even anything like cost-saving layoffs until Musk took over and instantly saddled it with more debt than it can afford to pay.

Twitter's sale was forced by nothing more than the size of Musk's buyout offer, which was so comically and irresponsibily large that Twitter would have faced a shareholder lawsuit if they ignored it.
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I'm genuinely confused here. Did Musk provide Twitter with a comically large infusion of capital or did he saddle Twitter with unpayable amounts of debt? Did he do both in rapid succession?
 
d4m10n said:
I'm genuinely confused here. Did Musk provide Twitter with a comically large infusion of capital or did he saddle Twitter with unpayable amounts of debt? Did he do both in rapid succession?
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Musk's buyout did not go the the company. It went to the shareholders.
 
d4m10n said:
I'm genuinely confused here. Did Musk provide Twitter with a comically large infusion of capital or did he saddle Twitter with unpayable amounts of debt? Did he do both in rapid succession?
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Musk provided Twitter's former owners with a comically large infusion of cash, and in the process saddled Twitter with (arguably) unpayable amounts of debt.

HTH.
 
I Am The Scum said:
Musk's buyout did not go the the company. It went to the shareholders.
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d4m10n said:
Source?
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Twitter was jointly owned by various shareholders. Musk gave enough of them silly amounts of money in exchange for their shares, that he now owns enough shares to be in charge.

None of this money went to Twitter. It went to the people/entities that previously owned shares in twitter.

But then, you already knew this.

You already knew this, right?
 
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