The richest man in the world, Tesla CEO Elon Musk, made an offer to purchase the Twitter platform for a price of $41 billion. The offer represents a value of 38% more than the current evaluation. [SEC FILING HERE] The offer is filed with the US Securities and Exchange Commission proposing a full takeover for $54.20 per share in cash.
Within the filing Elon Musk states his intentions:
“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy. However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.
As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. Twitter has extraordinary potential. I will unlock it. (SEC LINK)
What Elon Musk appears to be doing is perhaps the biggest story that few understand.
I share this perspective having spent thousands of hours in the past several years deep in the weeds of tech operating systems, communication platforms, and the issue of simultaneous users. What Twitter represents, and what Musk is attempting, is not what most would think.
In the big picture of tech platforms, Twitter, as an operating model, is a massive high-user commenting system.
Twitter is not a platform built around a website; Twitter is a platform for comments and discussion that operates in the sphere of social media. As a consequence, the technology and data processing required to operate the platform does not have an economy of scale.
There is no business model where Twitter is financially viable to operate…. UNLESS the tech architecture under the platform was subsidized.
In my opinion, there is only one technological system and entity that could possibly underwrite the cost of Twitter to operate. That entity is the United States Government, and here’s why.
Unlike websites and other social media, Twitter is unique in that it only represents a platform for user engagement and discussion. There is no content other than commentary, discussion and the sharing of information – such as linking to other information, pictures, graphics, videos url links etc.
In essence, Twitter is like the commenting system on the CTH website. It is the global commenting system for users to share information and debate. It is, in some ways, like the public square of global discussion. However, the key point is that user engagement on the platform creates a massive amount of data demand.
Within the systems of technology for public (user engagement) commenting, there is no economy of scale. Each added user represents an increased cost to the operation of the platform, because each user engagement demands database performance to respond to the simultaneous users on the platform. The term “simultaneous users” is critical to understand because that drives the cost.
According to the Wall Street Journal, Twitter has approximately 217 million registered daily users, and their goal is to expand to 315 million users by the end of 2023. Let me explain why things are not what they seem.
When people, users, operate on a tech platform using the engagement features, writing comments, hitting likes, posting images, links etc, the user is sending a data request to the platforms servers. The servers must then respond allowing all simultaneous users to see the change triggered by the single user.
Example: when you hit the “like” button feature on an engagement system, the response (like increasing by one) must not only be visible to you, but must also be visible to those simultaneously looking at the action you took. If 100,000 simultaneous users are looking at the same thing, the database must deliver the response to 100,000 people. As a result, the number of simultaneous users on a user engagement platform drives massive performance costs. In the example above, a single action by one person requires the server to respond to 100,000 simultaneous users with the updated data.
As a consequence, when a commenting platform increases in users, the cost not only increases because of that one user, the cost increases because the servers need to respond to all the simultaneous users. Using CTH as an example, 10,000 to 15,000 simultaneous commenting system users, engaging with the servers, costs around $4,500/mo.
This is why most websites, even big media websites, do not have proprietary user engagement, i.e. commenting systems. Instead, most websites use third party providers like Disqus who run the commenting systems on their own servers. Their commenting systems are plugged in to the website; that defers the cost from the website operator, and the third party can function as a business by selling ads and controlling the user experience. [It also sucks because user privacy is non existent]
The key to understanding the Twitter dynamic is to see the difference between, (a) running a website, where it doesn’t really matter how many people come to look at the content (low server costs), and (b) running a user engagement system, where the costs to accommodate the data processing -which increase exponentially with a higher number of simultaneous users- are extremely expensive. Twitter’s entire platform is based on the latter.
There is no economy of scale in any simultaneous user engagement system. Every added user costs exponentially more in data-processing demand, because every user needs a response, and every simultaneous user (follower) requires the same simultaneous response. A Twitter user with 100 followers (simultaneously logged in) that takes an action – costs less than a Twitter user with 100,000 followers (simultaneously logged in), that takes an action.
If you understand the cost increases in the data demand for simultaneous users, you can see the business model for Twitter is non-existent.
Bottom line, more users means it costs Twitter more money to operate. The business model is backwards from traditional business. More customers = higher costs, because each customer brings more simultaneous users….. which means exponentially more data performance is needed.
User engagement features on Twitter are significant, because that’s all Twitter does. Not only can users write comments, graphics, memes, videos, but they can also like comments, retweet comments, subtweet comments, bookmark comments, and participate in DM systems. That is a massive amount of server/data performance demand, and when you consider simultaneous users, it’s almost unimaginable in scale. That cost and capacity is also the reason why Twitter does not have an edit function.
With 217 million users, you could expect 50 million simultaneous users on Twitter during peak operating times. My back of the envelope calculations, which are really just estimations based on known industry costs for data performance and functions per second, would put the data cost to operate Twitter around at least $1 billion per month (minimum). In 2021, Twitter generated $5.1 billion in revenue, according to the Wall Street Journal.
There is no business model, even with paying subscribers, for Twitter to exist. As the business grows, the costs increase, and the costs to subscribers would grow. So, what is going on?
The only way Twitter, with 217 million users, could exist as a viable platform is if they had access to tech systems of incredible scale and performance, and those systems were essentially free or very cheap. The only entity that could possibly provide that level of capacity and scale is the United States Government – combined with a bottomless bank account.
If my hunch is correct, Elon Musk is poised to expose the well-kept secret that most social media platforms are operating on U.S. government tech infrastructure and indirect subsidy. Let that sink in.
The U.S. technology system, the assembled massive system of connected databases and server networks, is the operating infrastructure that offsets the cost of Twitter to run their own servers and database. The backbone of Twitter is the United States government.
There is simply no way the Fourth Branch of Government, the U.S. intelligence system writ large, is going to permit that discovery.
BREAKING: As @elonmusk offers to buy the rest of @Twitter a legal source tells @FoxBusiness @SECGov and @TheJusticeDept have launched what he described as a "joint investigation" into a myriad of Musk regulatory issues primarily involving @Tesla https://t.co/TDFLED1XuI
— Charles Gasparino (@CGasparino) April 14, 2022
This guy gets it. 👇 This is the bigger picture dynamic. https://t.co/fsSuMo8Lwl
— TheLastRefuge (@TheLastRefuge2) April 14, 2022
Learn to mine, coder!
That’s actually funny if I took your meaning right.
Well, Musk can always sell his shares and walk away with a nice profit. The other thought is how would Truth Social get around this aspect Sundance points out? Nothing is free.
Doesn’t like like they are going to accept his offer.
No… a Saudi Arabian shareholder put the kibosh on it. What does that tell you about the US government’s involvement.
Oh…and Musk says he’s got a plan B…can’t wait!
Yeah it’s called crashing the stock- every investor will lose a lot of money- BlackRock, the other big investors- unless they sell….and sell low- he can then buy it up or let it destroy itself.
I love this chess game and I love Elon’s balls….but when you have over 300 billion, you can have titanium balls.
Investing is not for the faint hearted.
It’s easy. He can acquire another startup – Parler, Trump’s Truth Social etc. – or build his own. Easy to build a Twitter replacement – the code base actually sucks (know some engineers there) and they have to keep working around original code. Perhaps 1 year to get a completely tested product out, and another year to get 100M users worldwide. His name alone would get close to that.
And then Twitter crashes.
Musk made an offer with a 54% premium. He can quietly, or not so quietly, snatch up shares on the open market at a discount to the offer.
It’s like saying, “I’ll purchase Laker tickets for $100 ea.”
Lakers: “Naw …”
Ticketmaster: “Here you go, $60 ea!”
It might be considered stock manipulation.
And the SEC is all over it already…funny that…
You can consider anything.
You cannot say anything was done in secret. He did his filings.
One advantage Twitter has is that the they don’t have LeBron James demanding ridiculous moves with the threat being he’ll whine in the corner or not give 100% on the court.
SEC rules and regulations are funny.
If only MBS could be persuaded to hang him by his toes for a while until he reconsiders
How does that work? I thought the Saudi’s weren’t speaking to our government.
THEY say….
Saudis act on behalf of Saudi interests, which may align with the US Security State, but not the Biden Administration.
Will the Saudi ban gays women and supporters of Biden’s Iran Deal from Twitter?
They may or may not be speaking to Biden.
But they do speak to the Intelligence cartel.
Same guy who was arrested by Saudi Arabia at the (believed) behest of the (believed) Trump-friendly Crown Prince Mohammad bin Salman.
Also, same guy, I believe, whose name appeared in some sort of connection to the Mandalay Bay and the Las Vegas shooting?
Yes…a real snake pit.
But wait, our Feds said there’s nothing else to learn about the Vegas massacre. Ooooh look! Shiny object over there!
well, that guy doesn’t have much of a say, but I’m sure other board members feel the same way. But ultimately, it’s going to backfire on them if Musk liquidates his shares.
Musk has upset everybody’s apple cart here. So much so, it’s easy to drain the water out of this particular tech swamp to expose the main players No place to hide when the fetid water has dried up.
Khashoggi …
“we’ll get back to you”
“We’ll GET YOU in the back.” More like it. Destroying the US has always been in their plans .
If they refuse the offer me thinks they consider themselves more valuable as a tool of the left as opposed making a fortune on their stocks.
I said the exact same thing, Jrod.
Andrew Torba at Gab made an offer to Musk.
BLUF: Everything’s in place but our own ISP. Forget Twitter; divest yourself. Plunk $2B into Gab, take equity and board seat and twist the sharp stick at Big Tech ever after.
Link:
https://gab.com/a/posts/108130647525184148
I don’t think Elon wants Gab because it only encompasses one wing of the country. I think Elon wants both sides to be able to debate with free speech.
Gab does not censor anyone except criminals
snowflakes avoid Gab and so are self-selecting
Gab is the only free-speech site
Musk owned Tweeter might run into that same self-selection
Sounds great but not sure if Musk can be trusted. On the other hand, if you never try? I like and respect Andrew Torba though.
Whatever the merits or demerits, that would not expose the Deep State running Twitter.
Gab hasn’t gotten rid of Twitter. Why buy down?
Because, as Stu mentioned, the left may self-select themselves away from Twitter if Musk owns it which would put it on a par with Gab in that regard. Therefore Musk sells Twitter stock, buys Gab for much less and then owns a platform not beholding to the 4th Branch. Then he spends $1B to fortify it.
Maybe this will be his George Washington moment?
Risking wealth and leisure to change the world.
There MUST be a revolution against the IC.
Might happen, if Musk’s very businesses weren’t so dependent on tax subsidies, bonds, etc, etc. from local, state and federal resources such as tax breaks from counties, bonds issued by States and payments from the federal government for putting their toys into orbit,
so part of me think he’s controlled opposition – get people to think that one of deep state’s own golden boys is really on the side of the forgotten men and women – the other part is excited to see, when he starts to feel the heat in his personal pockets, and does stand firm in the face of the storm that’s heading his way, will be a reaffirmation of the American attitude I was raised with, the freedom to speak one’s mind without fear of repercussion.
His brashness is highly encouraging, and also very refreshing
((( Musk))) is in the Tribe. Caution here with a bit of wisdom. However I have to admit Musk definitely puts his mouth where his $$$ is. And it’s A LOT! Guess what my fellow travelers, He’s riding on the USSA Taxpayer! ‘To Infinity and beyond’! I must admit I do have great admiration for this Gold-Plated con man.
Happy Passover Elon. Buy it then burn it down ASAP!
So now we know. The IC controls tech.
https://apnews.com/article/legislature-legislation-local-governments-nevada-economy-2fa79128a7bf41073c1e9102e8a0e5f0
The wild west rises from the grave.
The IC funded tech when it first started in garages.
Google, Facebook yup
Mind blown.
This article by SD needs to be shared with all that we know. Yes, some will dismiss it…but it’s the seed that needs to be planted.
Interesting hypothesis, we shall see.
The U.S. Government is organized crime! These are the folks that want a Central Bank Surveillance Currency that they can turn on and off.
The people that determine National Security risk are themselves National Security risks
“Talk of imminent threat to our national security through the application of external force is pure nonsense.
“Our threat is from the insidious forces working from within which have already so drastically altered the character of our free institutions – those institutions we proudly called the American way of life.”
–Douglas MacArthur (May, 15 1952)
I wonder what year the CIA was established…
YES! Somebody said it! There are strong ties between Twitter and Facebook and the government. The government will find a way to stop him… well they will try.
While others have been reveling in the destruction of Twitter (a thing that would happen once real competition exists) my first thought was on something else:
Government officials are prohibited by the US constitution to violate the rights of the people. The courts have long ruled that government officials can not circumvent this prohibition by getting others to do it on their behalf. And we know in certain court filings and findings that this is precisely what has been going on in both Twitter and Facebook — a government takedown hotline. (Wonder how social media of SJW criminals are wiped on or about the same time an incident occurs? THAT’S HOW!)
Elon Musk taking Twitter private will expose ALL of the government officials who have violated the civil rights of countless people. Want to “drain the swamp?” That’s a HUGE way to help make it happen.
Exactly. It is said DARPA developed LifeLog and this became Facebook.
https://www.darpa.mil/
https://www.military.com/defensetech/2004/02/04/lifelog-dead
correct
In short, the government has subcontracted or laundered otherwise impermissible censorship to the private sector.
Like the US subcontracts pollution of the air, land, and sea to China so we can run a ‘service economy’ that is unproductive, but gives us clean air and water and pat ourselves on the back for being “Green”.
violation of your 1st Amendment is against the US Constitution and the Dimm/commie/Uniparty want to still APPEAR to honor it….a “private company” can however violate it and if it is done at a government request who can say? /s
Acquisition Due Diligence would REVEAL EVERYTHING.
Lawsuit Discovery might be an EQUIVALENT FALLBACK.
Musk had to know, so sit back and ENJOY the SHOW.
To the Moon, Elon! To the Moon!
Bang…Zoom! 🙂
To the stars Elon! To the stars!
ONE judge has to have the guts and patriotism to RULE for discovery. When our online Grand Jury was taking the devious findings about obama to the courts, not one judge would rule for discovery. That was the end of it. NOT ONE!! I hope something can come of this situation in a big way!!
Pay no attention to that data server behind the curtain.
Is Elon Toto?
Is Elon JFK Jr? 🙄
The FLCCC discussion at last night’s weekly update was about a Zimbabwe doctor who is on trial for prescribing ivermectin. She is on trial through their medical councils and authorities, NOT the Zimbabwe government who is 100% behind ivermectin. She said the government cannot be paid off by Big Pharma but their medical organizations can be and they are the ones putting her on trial.
How are they showing IVM to be dangerous? You can’t really overdose on it. The Together Trial that showed it wasn’t very effective was done via underdosing and shorter duration. They couldn’t overdose like they did with HCQ in the VA study to show it is dangerous because it is toxic in high doses.
I know why Elon Musk is doing this. It’s because Twitter is too established like MSM and encompasses both right and left wings. The only way to reach people, i.e., red pill, is when both groups are in the same room. Neither Gab or Telegram or President Trump’s new social media will have both groups together.
Remember Brandon Straka? He wouldn’t have been red-pilled if not for his old baby sitter private messaging him on facebook.
Yep! It’s been obvious for years.
Not to the greater public.
That…is…fascinating – and more than unnerving.
Imagine the ramifications.
Musk’s offer price is $54.20 per TWTR share which is roughly 20% higher than the current TWTR stock price of $45.08. TWTR stock is down 1.7% today as it appears the company’s board is considering rejecting the offer outright (shareholders be damned).
I hope Musk goes hostile and takes the entire liberal backwater called Twitter over and gives it a thorough cleansing.
Why did he wait so long – years later?
Should I pop some popcorn or is the DOA?🙄
Sure would explain all the lavish dinners at the whitehouse with Obama, Imilt, Zuckhead, Jack, etc…
Sweet, wreck twatter facecrook and we might actually resurrect the 1st Amendment.
Oh, I thought this was an article on Elon and his offer to buy Twitter. I didn’t realize ivermectin was tied to Twitter and the purchase offer. Interesting.
???
Please advise.
One of our more “sophisticated” spammers……deleted and banned.
Troll rating: 9.2.
Might be better for the crooks to ca$h out now, before one of President Trump’s EOs kick in and seize their assists…
President Trump was always fair about giving his adversaries a viable ‘out’, before crushing them…
What Sundance has explained, as usual makes perfect sense, a non-techie like me can understand it, and the ramifications of EVERYBODY understanding it, are massive.
So, when they “shadow ban” someone, they are actually “saving $”.
And, the U.S. Government kicked a sitting POTUS of twitter, or at the very least,…the U.S. Govt SUBSIDISES a Social media platform, that kicked a sitting POTUS off.
“Whats gonna happen NOW?”
Presumably Musks offer will be rejected,…they CAN’T “accept” it,….right?
To accept it would mean Musk would be privey to, and able to expose to the World, what Sundance has outlined; no way the Forth branch can allow THAT to happen,…
And, presumably the IC is similarly subsidising faceplant, etc,.. this is BIG.
Exactly Dutchman. Even I understood what Sundance is saying and it makes perfect sense now.
Keep Elon Musk’s starlink in the periphery of this.
Starlink is essentially a new internet option. Musk could be looking to link new internet free speech to the new Starlink internet.
Just a thought.
… Comprising Internet Service, Cell Service, Social Media Service, Free Speech & Privacy
… All FEE-BASED SERVICES that Citizens worldwide now know are WORTH the FEES.
… Supplement with Private Crypto Transactions – for Donations, Goods, Services and Investment.
Bonus Points for Elon:
Won’t have to spend a DIME for ADVERTISING!
But can control who’s ALLOWED to ADVERTISE & WHAT they’ll PAY.
perhaps the cost /revenues not working out is why he floated that small fee thing the other day
the user base x $3 / mth is ~ half a $billion a month
Which would not comport with the WEF agenda.
Great catch Sundance. Let’s look at this great point a little closer.
Starlink satellites are tiny and there are now thousands in low Earth orbit at 340 miles above..
China, Russia, and our worst enemy, the US government,have all shown the ability to take out big satellites. These little tiny Starlink contraptions are much harder to hit, plus there are thousands more too, if some get taken out.
Tell me, who is going to send up a $35MM rocket to take out a $500k mini satellite? Musk is damn genius, he’s already got his own satellite system, Twitter just gives him a running start. He’s three steps ahead of all of us.
I doubt the motive for shadow-banning is economic. It lets them secretly ban your influence while monitoring your heresy.
Free Speech and Police State considerations aside, that is a business fraud on both users and advertisers.
It does however make sense that there is indeed a financial aspect to such.
As Sundance has clearly demonstrated, such moves would decrease costs.
Agreed of course that ideology and subversive interests prevail, but there’s always money.
If you’re against an African-American owning Twitter your a racist.
That’s how it works right? Lol. Go get ‘em boetjie
Not when they unabashedly call a black man a white supremacist. They reserve only the finest of names for those that oppose the narrative. Whomever that may be.
Shades of Clayton Bigsby? What say you Dave?
This looks very much like spam.
Referring to MasterofCommonSense comment
Quickly Puddy Pawed!
In Twitter, and in Fakebook, and in most of these social media companies…
…the “product” they are selling…
…is YOU.
Even if Uncle Sam is the buyer…the product Uncle Sam is buying…
…is YOU.
The fact that anybody still uses these platforms is a testament to how stupid people have become.
Dear Lord, please protect Elon Musk. We ask this in Jesus’ name, Amen
Amen.
It seems to me like Musk has multiple ways to win here and twitter/etc. multiple ways to lose.
What an eye-opener. Thanks Sundance.
I like this Musk guy. He is moderate. Not a leftie by any stretch. He even stated that this whole battery cars thing is just for a few, certainly not for all and only. He believes we should be energy independent too.
Drilling, he is pro drilling
But he is not completely conservative and I respect that!🤔
I wish he would buy Twitter, because right now it is full of annoying immature cry babies.
I told some guy to go “jump off a cliff” bc he was whining about some unimportant minor inconvenience to his life. Leftists wake up every morning offended.
Anyway, I got suspended for 12 hours for promoting suicide.
What a stupid platform.
he doesn’t seem malicious or mendacious like all the current rulers
Why are you still on it?
I dont think NFTs are the answer
If Twitter is indeed underwritten by the US (tax arrangements or secret subsidies), that information MUST be accessible through FOIA.
If Project Veritas or Judicial Watch want to expose the largest case of government corruption in history, then they should tackle this with every available effort they possess. This would be nothing less than direct government data mining and censorship of the general public.
And need it be said, if the government is involved in financing Twitter, then it is impossible that the GOP is not somehow aware of it through their presence on any and all congressional oversight committees from which the money must come. This would explain the constant refusal by the GOP to remove section 230 protections or to address the monopoly control exercised by Twitter/Facebook/Google/Youtube.
The government only releases what they choose to for any FOIA request.
It could be in the government black book of intelligence items that are ‘off-budget’.
Remember that 4 to 5 billion dollars that the State Dept couldn’t account for?
The Fourth Branch is utterly unaccountable.
Beautiful.
Maybe the biggest business story since the breakup of Standard Oil.
In our new corporatist world, our salvation can only come from the conflict of factions.
Nations and parties come second.
Zuckerberg actually struck first. He made it clear that he would pay any cost to prevent the re-election of Donald Trump. Very illegal – anybody see jail in his future?
And Republican Congressmen write their strongly-worded letters. But winning the House in 2022 will make oh such a difference!
As Mark Steyn often observes, the hundreds of $millions wasted on the Romney Presidential campaign (and others) would be far better spent acquiring a Hollywood studio, and creating conservative TV and movies.
I understand Kasich’s father was a mailman..money well spent.
We fail to understand – we consider it “wasted”, but it was really a full employment gravey train for consultants , pollsters , ad men , tv sponsors , printers and on and on – it is their Christmas that comes every 4 years comes .. . and we are the suckers that wrap the presents …
There are radio and TV stations stuck in the corn fields of Iowa that become very valuable every 4 years.
For some reason.
So is this some sort of a ‘ head fake ‘ by Elon Musk ( and if so, for what purpose ? ) or is it for real ? If for real , he certainly must know what Sundance hypothesizes and if that is true, does he think or expect that the Deep State Creeps will EVER let him get control of Twitter ? So what is in play here ? Not a typical corporate takeover bid ….
If they block him, there will be shareholder lawsuits.
Mind blown.
He is exposing more than our government, all these investor talking heads are also exposed as propagandist. You hear “the system is rigged” every aspect is rigged. It’s why gold Is out silver is out and crypto is being held back, they don’t control it. Gold is an absolute, silver an absolute, Bitcoin an absolute, but dollars are made up ones and zeros.
Elon had me until he went with the “green energy” BS. There is an error on thinking about this. Batteries turn toxic, nuclear leaves waste, solar is inefficient and huge amounts of waste, as well as wind. We have huge amounts of garbage filling up landfills. Anything rotting creates fuels that burn. Notice cows are evil for their waste, why? That waste is energy stored. Basic stuff from farms to survive.
Government is the problem not the answer, freedom gives us ideas and successes. Freedom means off your ass and work and people reject it. And that’s why socialism has gotten a foothold.
Nuclear waste is quite manageable and is successfully managed by many countries (US, France, Germany, Japan, Russia, China…well, we are not so sure about China).
Is Bitcoin an absolute if the lights TOTALLY go out? I just don’t trust it.
Looks like all those conspiracy nuts who said Zuck was funded by DARPA may be getting an award. It’s easier to spy on us when we help them by speaking slowly into “their” microphone.
I guess you can call me one of those nuts.
Where’s my trophy?
They (the government) killed Kennedy also.
If they could rid it of bots, it could be a nice place to hang out, but never having used it, most of what I read in clips is people complaining about another person’s opinions. There’s a lack of free speech!
Even if Musk doesn’t buy it, it’s been a diversion, possibly deliberate, intended to take the pressure off many other issues and control features being contrived by the goob’mint!
Years ago when Facebook was preparing for thier IPO, I remember reading that they didn’t own thier servers, that those servers were owned by the federal government. I immediately thought that would essentially serve as a means to disregard the 4th Amendment. After all the feds could claim that they own all the data on thier own servers. This was before I learned certain other, more troubling aspects to Facebook. However I thought this was highly unlikely to be a unique arrangement.
I like Tucker’s idea that he mentioned the other day.
If this turns hostile, then the 100M MAGA strong all buy whatever shares they want on the open market and proxy their voting right to Musk.
So for example, today there is 800M shares outstanding so if the 100M all bought 8 shares and gave Musk proxy rights, in essence he controls the company.
I wonder if this concept might catch fire?
Can you imagine the screams from the left if MAGA ends up owning Twitter?
A beautiful dream, but we’re moving in the opposite direction.
A few multi-billionaires owning the world.
The America of the late 19th and early 20th century was owned by Rockefeller and Carnegie and Andrew Mellon.
When the business cycle hit a downturn, they looked to JP Morgan (not the Government) to correct it.
The most virtuous of America’s rich tried to stave off the Depression. An Edison disciple named Sam Insull went broke buying stock in his own companies trying to save them. Still, he became a scapegoat for the depression.
At some looming point, the multi-trillion dollar debt will hamstring government action. The billionaires will act, or chaos will reign.
Billionaires will not act. It’s all about power and control.
Well, if its Elon Musk and his couple hundred billion vs. the Deep State and its limitless trillions, I’d say the Deep State is gonna win this one hands down–unless Musk has trick move in mind.
This may be a dumb question but, If the ptb wont allow the sale as a whole, what is stopping individual stock holders, fed up with twitter political policies from tweeting “Hey Elon, I got 10,000 shares I will sell you for $54.20 a share”?
Elon could build a controlling interest
The usual process-away from a board is to send a letter to shareholders asking them to vote their shares
So they’re going to hang him basically…
So, Musk is just posturing then??
If he took Twatter private, then he wouldn’t get the gov’t cheese, right?
So, if my understanding is correct, he could offer say $1000.00 a share they still couldn’t sell?
It’s gonna get worse for Musk. From Yahoo news headline today:
If Elon Musk gets his way, Twitter will lose years of progress. A hilarious article follows. Like how the media is just doing their job and Musk is evil.
He appears to be three steps ahead of everyone else. I’m sure he didn’t expect them to accept his offer. But maybe he’ll let the cat out or the bag anyway. Not sure many people would care if they found out that our government was behind it all. That is sad.
If what you say is true, then they will not sell to Musk under any circumstances.
It will be interesting to see if Musk realizes this and then raises his offer to say $70 or $80 a share just to screw with the management as shareholders would be screaming at the management to take the offer.
However, since twitter and, thereby, the management is controlled by the government, the desperate howls of the shareholders will fall upon deaf ears. This too, would reveal twitter as nothing more than a govt sponsored bulletin board.
Elon didn’t hang himself?
I think some of the shareholders will sooner see the company completely fold than end up owned by Musk.
Take out the popcorn and watch this drama unfold.