Elon Musk
Elon Musk
Out of context: Reply #702
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- mg330
Explain like I'm 5:
Why did Musk HAVE to buy Twitter at all? I keep seeing articles saying that he had to go through with the purchase. WHY?
- My guess is power and influence. Twitter is a huge platform for influence in general, and it gives him power by owning it and all that data. My 2cmonospaced
- 1) I sign a legally binding contract/agreement to purchase Twitter. 2) He faced multiple lawsuits 3) His child like ego made him do it 4) He's a cuntutopian
- He can control the flow of (mis)information on a global level which is exactly what narcissistic rich losers live for.monospaced
- But he didn’t have to buy it. He doesn’t have to do any of this.monospaced
- Oh right. Yes, he made the offer. It influenced the shareholders. He’s responsible for going through because of what it did to the bottom line I think.monospaced
- 1) He bought a 9% stake in twitter initially which got him a seat on the Board of Directorsjonny_quest_lives
- Board of Directors Terms would limit him from amassing more ownership shares during his tenure so he opted not to accept a Board Seatjonny_quest_lives
- timing gets fuzzy cuz it was like a matter of weeks but he offered to buy twitter at $54.20 a share in cashjonny_quest_lives
- people speculated he made the offer hoping to get investor backing... Twitter Board sensing weakness as welljonny_quest_lives
- as it was an overvalued offer especially based on their own revenue metrics accepted as it was a no brainer at that pricejonny_quest_lives
- so they locked him in a poison pill scenario... he waved due diligence for some weird reasonjonny_quest_lives
- no backing materialized post Twitter accepting or if it did it fell apart because Elon said he was pausing the deal cuz of bots to user ratiojonny_quest_lives
- elon was always on the hook for 50% of the dealjonny_quest_lives
- Twitter stock tanked cuz of the shenanigans on Elon's part $54.20 per share is much better than $38 the twitter board approves the offer because as some wouldjonny_quest_lives
- say in this channel "business is business" elon at this point has to conclude the deal or pay $1billion to opt out or try to wiggle out of the deal in courtjonny_quest_lives
- Elon's going to be Elon... but his lawyer's eventually get through to him so he decides to go through with the deal. largely because he found some silentjonny_quest_lives
- partners one of which is Saudi Prince Alwaleed.jonny_quest_lives
- So Elon and his group of like minded friends plan is to restructure, go private, blacbox the finacials for a few years than dump Elon's new Broken Birdjonny_quest_lives
- on another group of suckers via IPO on the stock market in a few years... Now the Jury's out if this will work or not but we shall see.jonny_quest_lives
- Elon Musk beat out the next highest offer which was $0********
- He got power and money drunk when Tesla was at all time highs and markets going up crazy. When it tanked he started to realize he made a stupid expensive offerNBQ00
- sounds like a dare he couldn't back outpango
- He didn’t. He made offer out of nowhere, then signed a contract where he agreed that if he backs out he pays them a huge fee for wasted time.********
- He changed his mind and wanted special treatment: to be allowed to back out without paying the fee he agreed to pay.********
- He chose to buy it instead of losing the cancellation fee. The world’s richest man was not forced to buy a company. It’s absurd.********
- Why don't you ask him directly on twitter?
Instead of wildly guessing******** - stfumonospaced
- Nobody has to guess.monospaced