Re: Elon Musk buys Twitter for $44 Billion
Yawn. A pox on Twitter, a bigger pox on Facebook.
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Re: Elon Musk buys Twitter for $44 Billion
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Any offer to make a very large purchase is subject to due diligence. We all do it at some time in our lives - a house purchase offer is always subject to satisfactory surveys. Even if the home report is available from the outset, various other searches have to be done and in some cases special surveys of the electrical or gas systems may take place. Back in the day when I worked for a major international hotel company, it announced an agreed offer to purchase a large regional hotel chain which itself had well over 100 hotels. For the next 3 months, every senior executive in the place was on the road, visiting every single one of the hotels to establish that they were all there and in satisfactory condition. Obviously there are certain things that you can, and should, satisfy yourself about before you make the offer, but there’s plenty that you can’t - especially proprietary details that the company being bought can’t and won’t give out to just anyone. |
Re: Elon Musk buys Twitter for $44 Billion
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There is a good breakdown here of why this 'on hold' story is yet more Elon Musk showmanship: https://www.bloomberg.com/opinion/ar...trolls-twitter Quote:
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Re: Elon Musk buys Twitter for $44 Billion
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I wonder if he is related to Donald Trump |
Re: Elon Musk buys Twitter for $44 Billion
Don’t know what this obsession to link things to Trump is all about lately on here.
Musk is doing what any other business-headed top brass would do, drive down a company such as Twitter and it’s value, so it costs him less. Where comparisons to Trump, fits in to this is beyond me. :shrug: |
Re: Elon Musk buys Twitter for $44 Billion
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It is one thing to explain that you are acting responsibly and exercising an abundance of caution in investigating the number of fake accounts on a platform you are buying and it is another thing to say "well I know Twitter says it is 5% or less but I think it is 20% or more". Really? What evidence have you got to substantiate that outrageous accusation and that level of incompetence on Twitter's part? You can't spout random negative information and treat it as fact/true until someone proves otherwise. If you disagree with me then look at it from another perspective. That is the same ideology conspiracy theorists use. Make something up which suits our narrative and when somebody tries to disprove it we'll make something else up to dismiss their argument. I hope he gets sued for that or the government take action against him. He plays fast and loose with the stock exchange and shares. |
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As always - act in haste, repent at your leisure. |
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Re: Elon Musk buys Twitter for $44 Billion
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I will say this though, Twitter shareholders, could see through this and totally reject the deal, ownership hadn’t yet changed hands and there was issues with his SEC filing on his initial share purchase that could still scupper the whole arrangement. Musk had already vowed to unban Trump, so it doesn’t take some guess work that there may be some attempt to stop this deal dead. Given that everything that is going on in America, baby food shortages, Joe Biden’s serious unpopularity and docile approach to everything and he’s vowed to run again in 2024. An unbanned Trump with 88 Million following, vs Biden, gives Trump the 2024 ticket. |
Re: Elon Musk buys Twitter for $44 Billion
https://www.bbc.co.uk/news/business-61709782
More stories suggest he is going to try to pull out of the deal. If he can't prove Twitter lied about the 5% he'll have to pay $1 billion as Twitter put in a clause just in case. Alternatively, they could both call it off, he goes through with the deal or tries to get a lower price. This article here shows the difficulty in getting financing: https://www.reuters.com/technology/e...es-2022-06-07/ |
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