The social media and communication platform Twitter, responded to the bid by billionaire entrepreneur Elon Musk by announcing Friday the Twitter board of directors has unanimously adopted a “poison pill” defense in response to Tesla CEO Elon Musk’s proposal to buy the company and take it private. [LINK to Press Release]
Twitter said the move, formally called a “limited duration shareholder rights plan,” aims to enable its investors to “realize the full value of their investment” by reducing the likelihood that any one person can gain control of the company without either paying shareholders a premium or giving the board more time. Poison pills are often used to defend against hostile takeovers.
According to Twitter’s plan, if Musk or any other person or group acquires at least 15 percent of Twitter’s stock, the poison pill will trigger.
At that point, every other shareholder, aside from Musk, would be allowed to purchase new shares of Twitter at half the going market price, which stood at $45.08 at the closing bell on Thursday.
The flood of half-price shares would effectively dilute Musk’s ownership stake, making it massively more expensive for him to build up a controlling position. Twitter said its board had voted unanimously in favor of the plan, which will remain in effect until April 14, 2023.
Obviously, the people in control of Twitter really do not want to lose control over the platform. Elon Musk’s offer to purchase Twitter at $54.20 per share, represents a value of 38% more than his first shares purchased. The public shareholders would make a sizeable return on their investment. However, the fiduciary responsibility of a board of directors to its shareholders is really not what this is about.
In the big picture, Twitter is a bottomless pit of financial cost. Once you understand the technology behind Twitter, it is easy to understand why the public speech platform is not a viable business model, and it never was.
Twitter is exclusively a ‘user engagement‘ social media platform with no hosted content. Twitter is massively expensive to operate because the costs of operating the technology, all of which are driven by the substantive issue of ‘simultaneous users‘, exceeds the capacity of the platform to generate revenue.
Almost all other internet websites and social media have two structures: (A) Content, and (B) User Engagement.
Content represents a small part of any internet hosting expense for a platform and represents almost 100% of the platform’s ability to generate money. User engagement on the other hand, costs massive amounts of money – due to the need for data processing to handle the engagement and simultaneous users – and provides almost no revenue.
Many news and information content providers do not even host a user engagement commenting system any longer. User engagement is just too expensive and requires monitoring, moderation and massive amounts of data processing space on the platform servers.
Twitter’s operating model only consists of ‘user engagement.’
The platform itself is a massive global commenting system – the ‘public square’ discussion.
♦CONTENT is the material that can be monetized easily. Content is the article, graphic, podcast, or video you would see and watch. Content is profitable based on advertising. Eyeballs on content means eyeballs on internet advertising. This is how websites and content providers are able to pay for expenses and operate as a business model for the continuation of content. Hosting costs for content, even on a massive scale of viewership/readership are low, and the income from advertising increases with more readers and viewers. This is the traditional business model of content providers.
♦USER ENGAGEMENT is the part that is not as easily monetized, and user engagement drives a higher cost. User engagement is the comments, likes, dislikes and discussion that takes place based on the users who view the content material and discuss. More user engagement, particularly more simultaneous users, costs more money for the platform, because the random capability of the audience to interact with the server network creates exponentially more data processing demand. Data processing, not capacity, drives the cost.
Server capacity is a relatively easy issue to solve for content providers. In order to see the content, the host needs to ensure they have enough capacity for the audience to arrive and view, read, or watch the content without overwhelming the server network. Server processing speed and data performance are a part of the construct to ensure everything is smooth.
Server capacity is not the challenge for ‘user engagement.’ Processing trillions of simultaneous user-activated functions is the tech challenge for ‘user engagement.’ It’s not the capacity, it’s the data processing. As a result, it is far more expensive to operate social media than it is to operate a simple website construct, because user engagement is the entire premise behind social media.
Facebook and Instagram have a more viable business model because users provide the content they host. Content can be monetized, and in the case of Facebook, Google, Instagram and YouTube they can also monetize the user that provides it. Twitter does not host content at all.
Facebook makes money by selling advertising like a traditional website. Facebook and Google have also specialized in the micro-targeting of advertising to very specific tailored advertising audiences. Advertising agencies pay a premium for the micro-targeting of a specific audience.
Facebook also makes money by selling data on users. You may remember the reference of Cambridge Analytica purchasing micro-targeting user information from Facebook for use in elections and voter targeting efforts. More recently, Facebook has cut out the middlemen and started micro-targeting for politics and getting paid directly by political campaigns for their efforts.
In almost all social media, the user is providing the content that the platform can monetize. In the Facebook example above, the platform can offset the extreme increases in user engagement costs (data processing) by making money from the hosted content, and from selling the data of the user (there are many purchasers).
However, for Twitter the business model problem is: (a) the absence of content to monetize, and (b) the extreme costs of user engagement that dwarf the “simultaneous user” data processing costs for Facebook.
As Facebook grows, they can grow their revenue. As Twitter grows, it increases their expenses massively and only moderately increases their revenue.
Twitter is not making a decision to decline the generous offer by Elon Musk because of stewardship or fiduciary responsibility to shareholders. The financials of Twitter as a non-viable business model highlight the issue of money being irrelevant. Twitter does not and cannot make money. Growing Twitter only means growing an expense. Growing Twitter does not grow revenue enough to offset the increase in expense.
There is only one way for Twitter to exist as a viable entity, people are now starting to realize this.
What matters to the people behind Twitter, the people who are subsidizing the ability of Twitter to exist, is control over the global conversation.
Control of the conversation is priceless to the people who provide the backbone for Twitter.
Once people realize who is subsidizing Twitter, everything changes.
That’s the fight.
.
There is nothing about Twitter that makes it a particular hard problem to solve. Not even the scale issue. They talk about it as if they are saving hard problems because it provides cover for a surface level analysis of why they are spending so much money and always have. Their spend comes deep in the back end where they are developing AI-driven technology around data analytics and social graph discovery. And that tech is subsidized by and for the benefit of corrosive traitorous Deep State interests.
It’s nothing more than a “private industry” R&D effort around how to surveil and propogandize and do so with AI for scale and deep understanding. It’s a sister effort to similar programs at Google and Apple.
Musk himself being of that world he had to know that getting a majority share would trigger all kinds of return fire first from the veneer that is Twitter management and eventually from Twitter’s Deep State handlers. If fact, it makes me wonder if he is part of the play and what must *actually* be afoot.
Perhaps he did know what his buy out offer would do and that’s why he made the offer.
I think you’re absolutely right. I think the buy offer is probably not serious – it’s a way of exposing EXACTLY what Twitter (and the other social media platforms) is – a Govt created and secretly run Intel information & propaganda operation.
“It’s a sister effort to similar programs at Google and Apple.”
I can certainly believe this about Google, but how do you know it is also happening at Apple?
My wife worked for a very brief stint at Apple. They are paranoid to the degree of insanity.
We’re talking about things like looking at a prototype part, but signing an NDA before hand and only in a room with no means of being entered but one way and blinds down on the windows paranoid.
I can’t see them in the fourth branch’s pocket, but one never can be sure these days.
Preview of how the left and swamp will act when Donald Trump wins the POTUS election in 2024. Can’t wait to see the exploding heads…
Musk stated on TED Talk last night he wants to open source the Twitter algorithm by putting it out on GitHub for all to see and dissect — don’t think board wants any part of that given possibly the AI may have been a joint R&D project with IC.
Great post as usual. I know who is subsidizing Twitter, the devil.
If this is accurate, as I believe it to be, Twitter is effectively a government entity and therefore violating the First Amendment multiple times every day with their censorship.
Grab the popcorn and let the lawsuits and discovery begin.
Not sure this battle will be so much Court battles, as battles in “the Court of Public Opinion” andeven legal court battles, could be secondary to the primary Court of Public Opinion battle.
WHAT is Musks goal? Surely he anticipated this move, their rejection of his offer.
Is his goal to force Twitter to be a transparent nuetral “town square” marketplace of ideas,…or is his goal to effectively DESTROY Twitter, by exposing its true nature,…so that a SPACE will be created, for an alternative?
If indeed he IS “taking on” the I/C, the deep state, etc. they have “six ways from Sunday” to attack him.
No doubt Elon Musk is “an agent of Putin” (sarc) and didn’t suicide,..
They’d also be going after their own space and electric vehicle programs by going after Musk. While twitter is subsidized by the Government, so is he.
Don’t forget that it was a civil court case that finally forced the U.S. Government to acknowledge the mere existence of Area 51.
Makes perfect sense, we all know the devil is a big twit.
Alex Berenson suing them in California for violating the First Amendment. Looking he might have a good chance of succeeding.
https://alexberenson.substack.com/p/berenson-v-twitter-twitter-tells?s=r
I believe Dr. Shiva has already identified back channels that local governments use to ban and remove posts (he found this when running for Senate in Mass). Certainly appears to be deeply involved in government. People involved might go to prison if found out….
Are Twitters servers in Utah by any chance?
Microsoft’s servers are in Wyoming where electricity is cheap. Coloradan’s go there to charge their Teslas too.
Eagle Mountain rings a bell.
Musk and his related businesses enterprises have the technical capability to create an efficient platform solely for the purpose of online communication without content control at a cost significantly lower than all the current competition. One way to torch Twitter would be an overload of traffic with content that would run counter to their political bias. The woke employees and algorithms would be working overtime to cleanse the volume of truth clogging up their servers.
Doesn’t affect me at all. I don’t care. I have never done Twitter or Facebook.
your house is on fire, just because youre in the bedroom and its just the kitchen on fire, doesn’t mean it wont eventually affect you.
That’s like a Chinese person in the 1960’s saying “I never read Mao’s Little Red Book, so it won’t effect me.”
“You may not be interested in war but war is interested in you”
-some long dead commie
All of this would be moot if all the lazy conservatives would get off their lazy asses and abandon Twitter. If every conservative pulled the plug, and people stopped linking to it, the platform would collapse within 24 hrs.
HEAR, HEAR.
THIS. What kind of ‘conservatives’ re-elect McConnell, Graham, McCarthy, Thune, Barrasso, Romney, Murkowski, Collins, Blunt, Ernst, the Scotts, Burr, Perdue, Capito, Cassidy, Cornyn, Sasse, etc.? Or all the nameless, gutless House GOP donor-sucking drones? Answer: LAZY-@SSED conservatives-in-name-only. It will take 20 years of biannual primarying GOP incumbents to get rid of all the RINOs and replace them with America First patriots.
Do we have time? Can we survive as a country with these corrupt losers on both sides of the aisle?
Please, we just went through a massive presidential coup and you blame voters, conservative voters? Nobody is voting for these crooks, they pay huge amounts of money for positions once in power they stay because they sell us all out to highest bidders.
Right now, there is one problem to address, voter fraud. You clean that up and the ship will be on course.
When you have a senile pos in the White House and can’t expel him because the Congress won’t, it’s all broken.
Who voted for 800 million to Ukraine? Who voted for invaders to be paid? Who voted for crack pipes? I know here in Oklahoma the petition for legal pot was a sham, signatures were never verified. It’s all fraud and no law enforcement.
Exactly 💯 💯
Yes, I blame conservatives. I myself am very conservative. However, most conservatives are extremely lazy and lackadaisical when it comes to defending their rights. Conservatives need to learn to fight like liberals do – like rabid animals who will never, ever back down. Liberals are street fighters, while most conservatives act like they’re participating in a Miss Manners contest. There is ZERO reason for any conservative to have a Facebook or Twitter account in 2022. None. But there was no exodus of conservatives from those treasonous platforms. This country will NEVER become great again until conservatives learn to get off their asses and fight like their lives depend on winning.
Exactly, I’m going to start blaming the voters from now on.
How about if Truth Social succeeded?
Gab also allegedly built its own technology, infrastructure, and other apps, but the CEO is young.
I’m on Gab. Andrew Torba has built (as far as I can tell) a completely independent system of servers and stuff. He’s even got a payment processing system since none of the banks or payment platforms will host him.
I don’t think that would work for several reasons:
the most meaningful and impact conservatives are all gone….almost all of them that even suggested cynism or skepticism….they were banned or were abused in other ways. More powerful conservatives don’t use twitter.
the also, you would not actually want to try and do a protest and expect this company to react to it….They would absorb the decline in numbers just as they have continued to operate with flat growth and somewhat even less volume. As sundance has eluded, this company really looks like it gets all of its revenue to operate profitably for the “employees” and nice board jobs and a fleet of high end property, exclusive VVIP aircraft….that all looks alot like they are getting a mainline from USG.
So again, if it’s to make a point, fine. But I don’t think it will really make a difference at all under the current twitter regime.
if twitter was operating like a normal public company it would have been bought out long ago….someone who believes it can develop more growth simply by tweaking the most annoying and utter anti american and anti-business….this crazy right think cult they practice.
if that new investor can convince the existing board and shareholders of very good terms, then it might happen. But if the existing twitter just says no.
then elon can still use his financial stakes influence as a passive investor (non-board member), to leverage specific changes and be the world’s best and most effective troll against twitter denouncing the effort to apply some crazyland right speech only doctrine.
Either way there is great potential for great changes.
either way you can be guaranteed with 100 percent certainty that twitter will fight this transfer of power.
It’s easy to see why? They would rather operate from a more profitable USG contractor status with all the perks….and not subject o economic real world realites…Transferring the company to a private ownership would sever that cash cow.
The game seems to be: How much as the shareholders and twitter board members willing to accept as an offer?
is one of those negotiated terms IRT contractor operations that are not subject to change WRT USG IC and other agencies?
It certainly would make a difference. If every conservative with a Twitter or Facebook account deleted their account today, the stock would drop out tomorrow and they would fold. That exodus would cut their account holders by one half to two thirds. The sheer shock of the exodus would sink the company.
Who DOES subsidize Twitter?
China
Truly?
Any evidence? Inquiring minds would like to know.
Anything related getting laundered through Uranium One?
Uranium One was sold prior to the move on Ukraine.
They knew it would have been seized by the Derp State otherwise.
Smart Russkies.
In-Q-Tel.
the US Government
Social Media and Big Tech are basically run by the american administrative deep-state. The C-suites are allowed to get mega-rich in exchange for them providing a large, coordinated propaganda megaphone to brainwash and mislead the increasingly stupid population. They also provide billions of dollars in political campaign funds to steer elections to friendly candidates. Start your own Twitter or Facebook they say. Try it and see how it works out for you. Don’t be surprised if Trump’s effort crashes and burns eventually.
Sad thing is, most elected republicans are fine with the entire arrangement. The money is good.
I see, it’s like an election donation. isn’t there a law against unreported campaign donations, like when an entity helps one candidate over another? Of course that law is only applied and enforced on one side.
Exactly 💯 💯
How many shares can he sink into twitter before BR/VG make themselves financially unviable?
73% Yes/ 27% No
(There’s that ultra-dummy 29% again, only now it’s fallen to 27%)
Do they realize how ridiculous they sound? You can’t add guardrails to FREE speech. Hence the word “free.” I feel like I’m in an alternate universe.
wow, we cant have free speech because… people will use it…. oh and its constitutional.
Wow. Bloomberg is REALLY telling the world who it is the past 2 days.
They KEEP doubling down on this.
Don’t forget how the little turd was ALL IN on gun grabbing,
throwing money hither and yon to disarm the pesky little populace.
Um, what advertisers are they talking about?
Good question.
I’ve never ever seen an ad on Twit.
Maybe that’s a side benefit of not having an account? /s , cuz I doubt it. I think they just don’t do ads.
They forgot to add that they won’t be able to shut down political speech they don’t like. Just an oversight, I’m sure. I really loathe these people.
Now we know that democrats could give a rats a ss regarding free speech-the bastards are anti -American and all should leave and go to China,Venezuela Cuba
“Regular” Users ? They mean pre -approved users…Conservatives need not apply
Many “Conservatives” are really just RINOs who have had it with Leftist extremism. But they ARE influenced by things like Twitter, etc., to some extent. When the public is close to 50/50 that’s enough to push the moderate Repubs over to the Left. Maybe it won’t be all that close this November…
Twitter is like Fox News. Conservatives hate it, say they will leave and then gravitate back to it. There needs to be an alternative. The launch of Truth Social was terrible and not to have a Desktop version ready at the begining hurt them.
RINOs are uninformed Conservatives who want to fit in and keep getting invited to the neighborhood Merlot parties. Its amazing how little they know or keep current…they have no time and are easly persuaded by the media.
We need 3 more like-minded billionaires to join Musk in buying up about a 60% stake in Twitter and taking over anyway.
Yes, it’s about time for the good guys on our side to come forward. I know they are out there.
Why can’t Peter Thiel buy CNN on the cheap and gut it? It would be glorious to see Chrissy Wallace relegated to weatherman 😂
He isn’t qualified to be the janitor unless he is inky required to sweep crap under the carpet.
Chris is already crying in his beer as CNN+ is circling the drain. When CNN can’t beat out HGTV, why would they think a pay for streaming model would work?
I’ll never forget the 1st time I walked in to a Doctors waiting room and, for once, the TV was switched from CNN to HGTV.
That was a few years back.
I’d prefer he were relegated to janitor. The idea of him scrubbing toilets and cleaning urinals makes me warm all over.
name 3 billionaire’s that are not interested in economics. (musk context for what he means by economics!). Name three that have even once publicly discussed restoring free speech principles at twitter?
Elon is going to have to do this solo. Anyone else who might enter the stage would have to PROVE they are interested in the single laser focus to restore open speech and stop this crazyland right think only regime.
I’m just skeptical there are any rich people who would be willing to do what elon is doing. Because they are ONLY interested in making money…and less about free open speech…and far more concerned about having that umbilical cord severed between USG contracts that are golden and pay handsomely inspite of the fact this twitter company has experienced slow to no growth and decline in bullish estimates.
What elon is doing requires a tremendous amout of risk taking….and courage to be outspoken about the single issue that is harmful at twitter.
Elon has “hacked” twitter. No other billionaire could have done that.
What elon can do and will likely do is offer private investors from a very specific subset of big hitters. Those that want to see these things happen, but also have the insulation themselves by investing privately and just let Elon do his thing. That’s very likely how this is going to happen. I am sure Elon has a completely different set of like minded heavy hitters. We may find out who they are soon enough…with enough digging.
Satan’s pulling out every deceitful trick he has to maintain control of all of his disciples in this world and there are billions and billions of them.
Oh Sundance, your dancing all over Twitters grave stone and it reads: RIP : all they cared about was controlling others they hated.
ok, whoa…this would explain how TDS…how some smart people have been brainwashed. They are being bombarded…non stop with this prop and their likeminded friends are seeing the same material, over and over.
Well no surprise that Vanguard and Blackrock are two large shareholders. I also agree that the info is flowing to our IC as well.
End all welfare and entitlements and 3/4 of the social websites would disappear, as goldbricking parasitic welfare entitlement fraudsters are their customers, and they would be too busy woking for a living to waste a single minute in pretendland.
No one you know ever been hurt so bad they can’t work ? No one you know ever been severely autistic ?
i think he is talking about generational users of welfare and the slothful in this country . Nobody wants injured or handicapped people to suffer . That is what welfare was for but it is a monster now .
I predict if Elon goes to dump shares and tanks Twitter, the FED will ILLEGALLY take our tax dollars and prop up this supposedly publicly owned company….
Because they are their propaganda machine.
Actually it would be pretty awesome if those GameStop disruptor investors got involved and monkeyed around with them 😁
that would be awesome
Posobiec on Steve Bannon show yesterday had actually asked the GameStop disruptors to do that
LOL
The only solution to FB, Twitter, and all of the other social media is for the new Congress of 2023 to drastically change the rules allowing these media to exist. If they do that then these companies will either change or fail.
I think the old foreign ownership rules of US media should also come back in compliance. That would shake things up too.
congress do something? surely you JEST?!?
The new Congress will not be allowed to change anything. Pelousi, Schumer, McConnell aren’t leaving.
its all the same uniparty anyways…
IF I was a shareholder in Twitter and they did this, I think my inclination would be to just dump the stock ASAP and let them put their poison pill where the sun doesn’t shine –
the way they handled that yesterday and really right along has been – what might it be called – paternalistic, we know what is best for you (the shareholder) and we could even squelch someone for speaking out of line –
how does this poison pill really work for the individual shareholder if the stock plunges and no one is buying?
how does that really comport with a freedom mentality?
the company whose logo is a cute little blue bird – is going to start looking like a real turkey!
There’s going to be dozens of pissant law firms filing class action lawsuits against the TWTR board over the poison pill violating fiduciary duties. All these law firms will be hoping to get certified as a class so the lawyers can get their millions while the shareholders collect their pittance.
And Musk can sit back and laugh.
So they dilute the value of 1, by magically making it into 2. Where have I heard this before? Is the share printing press in the same room as a money printing press?
Curious about your username. TUS/TCA?
Once people start to realize their user identity is assigned to a specific data processing container, things might change.
Or as Psaki said, we need to lower our expectations.
Does that mean she gets a longer rope?
Musk opened the shades on twitr and let some sun in you can see the beast best in sunlight.
She claims she is a “ Passionate Progressive Influencer ~ Reluctant Caucasian ~ Kindergarten Teacher ~ Sophisticated Vaccine Enthusiast ~ Pronouns ~ Satire ~ Mathlete”
but she is more than an idiot in math
Maths be hard.
Heh, yup, that’s why Elon has esquires for lawyering and engineers for rocket sciencing.
272/8=34….. not bad, 34 bucks will buy me about 7 days worth of food. I’ll take it 🙂 Elon?
Where are you shopping? Here on the Oregon central coast it’ll get two, three days worth if you shop really smart.
Amazon pricing errors, mostly, plus purposeful practice at suffering for the coming war. Been training since the bioweapon hit in late 2019. Poverty is a wonderful taskmaster.
In the valley it wont get you but 1.5 days.
Wait, what?
I read crap like that and it is easy to see why this battle is so difficult.
At the same time, the opposing team is full of morons, how can it be this difficult?
The good guys will win.
and she has close to 21,000 followers
It’s probably more about this than expertise in math…
Teacher. ugh.
Well, hopefully she can count from 1- 10, at least. But I think, even for kindergarteners these days , more is expected of them.
I think it’s a parody account.
Bingo.
She’s having a ball.
So’s this cat.
Obviously she has no clue what ‘net worth’ means. At $300B, it does NOT mean cash in the bank. Her thinking is that of an adolescent-level brain and she should be humiliated by her shameful ignorance, but then she’s no worse than most Leftwing-indoctrinated stooges.
Let’s guess how many people would us buy a billion lottery tickets.
currently elon net worth is reported to be 274 Billion.
twitter is 14 Billion net worth.
so right away, the math is wrong because the values are incorrect.
it’s a near 10 percent error in the mushknetworth
and it’s 100 percent error in the twitter networth.
so right way, it’s garbage in…and thus, garbage out.
and yes, the obvious mistakes in final “calculation”…I think she really just guessed and wrote something down to sound impressive.
funfact: elon is predicted to be the first trillionaire ooa 2024…that’s two years to acquire another 727 Billion. I have my doubts it happens that fast…these predictions I read always seem very oversized for effect.
We should listen to these people?
They may be opinion pieces but it’s the editor who picks them
Musk has been planning this for a long time, he didn’t buy in overnight and I think he’s worked out what the likely responses would be.
The Deep State lackeys going after Musk with fake investigations has also been factored in, this isn’t a person who shoots off the hip despite outward appearances.
If they go after SpaceX and Tesla what does that do to NASA and the space program? NASA’s own SLS program is a shit show and a joke, if they cripple SpaceX or shut it down they might as well concede manned space flight to the Russians and Chinese.
Also What does that do to their so called Green Energy Plan adoption of EVs if they hobble Tesla?
Also Musk has financial resources most smaller countries could only dream of, so if the government decide to go after him he’ll have options normal mortals won’t even dream of.
I don’t think Musk cares about Twitter, he’s probably come to the same conclusions about their operating plan that Sundance has, it’s bottomless money pit which will never be profitable without completely retooling their whole company.
In effect it needs to be burned to the ground and rebuilt from the ground up.
I think this whole episode is an operation to expose the true mission and purpose of Twitter to the world and its working.
I wouldn’t be surprised if Musk’s next move is to burn the stock price down by triggering the poison pill and making Twitter so unattractive to current investors that they head for the exits.
Without Space X they have to suck up to Russia as they are 5he o ly other manned spaceflight in town. Could nationalise it I suppose. Go full blown thieves.
Kinda tough with all the Russia sanctions and Biden bad-mouthing Putin right and left. Can’t imagine Russia’s space program wants anything to do with America right now, nor would Putin let them. Heh, will they disconnect the Russian modules from the ISS? 😀
Musk is PDJT-smart. Money is the key. He knows it. What remains is us putting pressure on Twitter’s handlers, the U.S. government. They exist, monetarily and physically, at our pleasure. We can destroy them if we put our minds, lives, fortunes and sacred honor to the task. Will we?
First, they have to be identified.
Good luck with that, they don’t call them the DEEP State for nothing.
Russia has already indicated they will be leaving the ISS program so they very well may disconnect their modules, the problem for the rest of the station is that Russia’s cargo capsules were also designed to act as periodic orbital boosters to correct the ISS orbit. The SpaceX Dragon capsule can do this but very inefficiently.
So no Soyuz cargo missions mean no orbit corrections means the ISS days are numbered.
https://www.republicworld.com/science/space/russia-releases-new-video-of-detachment-from-iss-blames-the-west-for-aggravating-ties-articleshow.html
“…rebuilt from the ground up”? Why? Burn it to the ground and piss on the ashes. No need to rebuild anything. The world would be better off.
Personally I agree but I don’t think Musk would sacrifice $3 billion so far to get nothing out of it.
I agree … I bet Musk has plans B-Z. What I can’t believe is Paul Singer of Elliott Management Corp. (Republican) who got Dorsey ejected and added 4 new board members is on board with this corruption. What do executives and board members at Elliot think of his voting to screw over shareholders?
I don’t like the other “free speech” platforms that most are using. I am on one SM platform that I like, not Gettr or Gab. But I would again join Twitter if Musk owned it. Since my waitlist number hasn’t changed in almost 3 months for TS (568612), I likely will rejoin Twitter before I even get invited to TS, sucks.
Welcome to lawsuit land where Twitter will lose as their actions are 100% financial malfeasance and do not represent the best interests of shareholders.
And Musk will bury the DOJ and SEC.
Maybe he’ll buy those, too, and clean them up.
Please Elon, do it!
It will be interesting to see what Elon’s “Plan B” is. But I don’t get the sense it’s going to be: roll over.
If anything…this has put the spot light on who is behind Twitter…
Looks like the US G’ment and possibly China…with possible links to Vanguard and Blackrock.
If true…all against our Lion, conservatism and free speech. Unbelievable.
Bets on how long before Musk’s Twitter account is banned for daring to challenge twitter’s own board?
Is this a “lose-lose” situation for the leftists at Twitter? Can somebody explain?
If the US Gov’t is largely making it possible for Twitter to exist/thrive, then what happens if E Musk buys it and the deepstate take away their infrastructure and/or backing?
Musk stated he has a plan B. Any thoughts on that, anyone?
Possibly creating a world wide movement from 5-6 billion, free speech loving people, who might decide to buy a share or two and proxy their voting rights to Musk?
they use us to socialize the losses so they can keep reaping whatever financial, blackmail data, or propaganda profits they seek. / what is to stop musk – or his allies – from just buying more and more shares along the way. nothing. fire the board anyway.
Given the board’s decision to take the poison pill option, Musk was on the verge of stumbling onto something that the social media company and current administration desperately needed to keep secret. Nothing else justifies their refusing to even put the lucrative offer up for a shareholder vote. That and the SEC suddenly announcing a number of investigations into Musk? Yeah, he scared the shit out of them over something they can’t let be broadcast to the public.
The CIA owns Twitter. Your tax dollars and mine.
I posted this earlier today and the Elon TED Talk page, but it works here as well. CEO of GAB, Andrew Torba made his best and final offer to Elon:
Gab.com’s Offer To Elon Musk
By Andrew Torba
14 Apr 2022
https://news.gab.com/2022/04/14/gab-coms-offer-to-elon-musk
My favorite line:
“You also have to consider that bringing free speech to Twitter isn’t as simple as buying it. Apple and Google do not allow free speech, so if you stop the censorship they will kick Twitter from both app stores.“
So why doesn’t the article identify just who is “subsidizing” Twitter.
The Democrat Party?
The CCP?
Who exactly?
The 4th branch of Government would be my guess.
https://theconservativetreehouse.com/blog/2022/04/14/elon-musk-make-a-massive-proposal-offers-to-purchase-twitter-for-41-billion-with-plan-to-take-company-private/
Isn’t that being redundant — by saying the same thing only in the same way?
✅️Deep State Globalists Corporations and Governments
✅️Your taxes
✅️Diverse Intelligence outfits including 5 Eyes 👀
✅️All of the above and more…
Twitter’s response was effectively a REJECTION of Musk’s Offer.
So just sell off the 9% of shares, and watch the Shorters scramble for a piece of the action.
poison pills are management tools to keep them entrenched at the cost to shareholders.
where are the activist shareholder groups.
shareholder suits will be coming.
Since Twitter is a publicly traded company, they produce financial reports quarterly showing they make money.
So how can Sundance make the claim it is a money pit? Even if they were getting free resources from the government, it seems to me that should be disclosed in their SEC filings to their shareholders.
Wouldn’t they need to let them know that there is some free stuff that could go away and make the investment more risky? They should be forced into full disclosure.
If Sundance is right and Twitter is heavily and (illegally) subsidized by the government, then think about what you are suggesting. They are in on it.
I quit today. one month before they let me. F*CK twitter.
You proved your point as did Musk.
We are all political prisoners now living in a totalitarian police state.
Lets see, rigged and stolen election, trying to kill us with a lab virus and a mandated lethal jab, Job loses, locked us at home, prevented to go to church or family holidays, sufficate us and kids with usless masks, will replace us by flooding the borders with illegals that citizens pay for on our dime, starve us with inflation, food shortages, supply chain colapse and skyrocketing gas prices. 7 Trillion in new Gov. spending. Starting a war with a Nuke Superpower and soon to send flyover country kids to fight. Silenced in media, monitored, spied and harrassed by the Feds.
What a great country. Hey Kev, Mitch, Ms. Linsey and Ronna are on top of it. We will be good. Pathetic.
Exactly 💯 💯
Other possible options Musk has:
0. Buy more shares next week after the stock plummets; gain board representation
1. Dump shares, stock plummets further
2. Partner with Truth Social
3. Partner / buy Gab and all of its apps; dump $2B into hardware and improvements
4. Build his own app and infrastructure- long play, multiple competitors, no promise of success
5. Buy CNN, fire 75% of the staff, and build a legitimate, real news network. (Then fire another 20%.) Supplant UniParty-Fox News.
If the current Twitter board takes actions contrary to shareholder interests, they would be breaching their fiduciary duty.
The liability they would thereby assume would be titanic in scale.
But, Elon, you know from your own experience the the SEC is as crooked as the other agencies.
The Boards reaction is a Larry Fink operation… Fink is the business operative that keeps all businesses and communication companies in line… Fink is tight with Eric Schmidt and Brian Roberts, all progressive Tribe, who will do whatever it takes to keep the internet as a tool of the Obama left…
This Twitter “business model”, along with the absurd over-reaction to Musk’s buy offer, reveals absolutely that Twitter has never been an actual “business” but a propaganda and information control project of the Deep State/Globalists. That’s why no one has been able to offer a comparable alternative or competitor – because the resources required to run a “Twitter” or “Google” or “Facebook” are beyond almost anyone but a NATION’S INTEL RESOURCES to run. You CAN’T just go out and “make another one”. And the people who supposedly “created” these platforms are only figureheads assigned to these Intel projects.
Exactly 💯 💯
is twitter being subsidized through the IC?
I stopped trusting government made billionaires 2 years ago. What makes Musk any different than the rest of the posers?
Musk is a real African-American.