According to multiple media sources Twitter has reached a deal with the representatives of Elon Musk for the tech billionaire to purchase the social media company. According to the Wall Street Journal, over the weekend the outlines of the deal were agreed and last night the final assembly of the purchase came together.
Keep in mind that Twitter is slated to report first-quarter earnings this Thursday, and originally the board was going to wait until after that earnings announcement to respond to the bid.
Something changed.
My suspicion is the financials of the Q1 earnings report will not support the $54.20 high end evaluation offer originally proposed by Musk.
If the low Q1 earnings rumors are accurate; and if Twitter had declined or fought the offer; the board would have been in the position of declining a deal that was substantially higher than the company market value, a tenuous position legally. Thus, a deal was made.
(Wall Street Journal, update) – “Twitter is in advanced discussions to sell itself to Elon Musk and could finalize a deal Monday, people familiar with the matter said, days after the billionaire unveiled his $43 billion bid for the company.
The two sides worked through the night to hash out a deal that would be valued at $54.20 a share, or $44 billion, the people said. Assuming there isn’t a last-minute snag, the deal is expected to be announced after the market closes Monday, if not sooner.
It’s not clear why the total value of the deal has increased slightly from prior expectations, but it could be related to an updated share count.” (link)
Elon Musk responded to the rumors of the finalized deal with a tweet earlier this afternoon: “I hope that even my worst critics remain on Twitter, because that is what free speech means.”
Meanwhile, the professional political leftists who use the platform are having a complete mental breakdown. Thousands of them are promising to leave Twitter and find a safe place if the deal goes through.
As CTH has continued to evaluate this entire scenario, the internal tech architecture is the aspect that is the most interesting. As this develops there is a great deal of interest into not just the controlled speech system that Twitter background operators have assembled, but also what underlying tech systems on the platform are connected to the public-private partnership.
We know there is a connection between the U.S. government and Twitter…. the question is, how is all of that being operated?
Tucker Carlson back on Twitter since March 22nd ban …
https://mobile.twitter.com/TuckerCarlson/status/1518726555253547013
There will be a lot of Twitter users moving to Canada.
You go, Elon! Now fire those parasites on the board!
I bet Trump saying he won’t go back to Twitter was a favor of sorts to Musk, to keep the deep state from getting involved or trying to nix the deal.
Well looks like Musk owns another government subsidized business.
Quite so.
Elon might just be the first traitor to the corporate admin state organisation from within. Might….
They will be more careful about whom they pick as winners in the future.
uh-huh. Of course. you would say this …..Now.
Get well soon Catturd! ❤️ This video is for you to celebrate Elon!
https://gettr.com/post/p172dhc274d
Get on the Bandwagon, all you crooks and grifters!
Nice one, fauxcahontas.
Next do Bezos and the WaPo.
Liz Warren – what a maroon.
Hey leftards… THERE IS NO SAFE PLACE!
They should bring back myspace so they feel safe.
Don’t know enough about Elon but has to be better than current crew.
This was likely a move to compromise Trump’s new endeavor to develop his own social media platform. There’s more to this than meets the eye.
Look deeper.
OK then … so all the conservatives will move to Truth Social (whenever it opens on my iPad …) … and all the lefties will Leave Twitter. So Twitter will be a conservative platform in competition with Truth Social? We’re all capitalists here … so what’s wrong with good competition!? Does Truth Social insist on getting a “participant” ribbon?
Wait, you mean their cry closets aren’t safe?
lol .. not even in Disney Florida.
Some of these bot accounts should be pretty easy to identify:
…right next to those that said that they would move to canada (and did not), if trump won in 2016.
However,
it is curious just what happened to Ottawa CN. (run over peaceful protestors – with horses) (regressive immigrants from u.s.?)
I suspect many will be moving to again Canada tonight!
How else does one escape Twitter!!! 🤣
Bots are leaving. Who knew.
Twitter executives are set up to potentially cash in massively on Elon Musk’s purchase of the platform if Musk fires them. If Musk terminates CEO Parag Agrawal, he is looking at a $38.7 million pay package.. As for Dorsey, he owned 2.4 percent of stock in the company, or about 18,042,428 shares, which will payout to roughly $978 million. I do not believe the integrity of Parag if he opts to stay swearing allegiance. His records, ans there are many, speak louder than his words.
Agreed.
Parag is a walking poison pill.
**** “authenticating all humans” ****
Has anyone considered that Elon bought Twitter in order to shut down the Goebbels propaganda factory Twitter has become. By that I mean the place where the “press” go for their marching orders
Another possibility is that he is working with the Deep state covertly in order to keep Twitter viable as a rival to President Trump’s new platform. Musk is not a conservative … and he has made a ton of money out of American taxpayers subsidies of his businesses.
Conservatives are so hungry for any approval from the ruling class that we are in great danger of being a cheap date, so to speak. Throw us a few bones with some wisecracks taking the piss out of the left-wing ruling class, and we are yours.
I will wait to see how it pans out.
IMHO, your confusing Conservatives with Republicans.
One tends to be pretty objective, the other has to be kicked in the face by their own, obvious poor choices before they can blame the bad man they were just cheering.
Just food for thought.. 😂
Totally agree. Conservatives are desperate to jump onto any bandwagon to support.
it bears remembering…President Trump ONLY wanted a alternative platform because of the bullshit at twitter.
now without a harassing twitter and a very real likelihood that President Trump will be back on the platform, what IS the reason to continue an alternative platform?
President Trump is a business person. There isn’t a viable business opportunity here to challenge a new and improved and reformed twitter.
That is not to say that truth social media isn’t going to be useful and used by many people, but it will never be able to compete with twitter. That IS unless twitter does not in fact get reformed per the promises of EM.
I think many people understand the business challenges facing truth social media.
For one, it’s kind of been late to start up. Where is the app for android? That’s a very big deal. A huge market of users are not apple people. That right there is a big reason that lots of people just don’t use truth social. At the moment, it’s all browser based and that makes it hard to penetrate to mobile users.
Twitter has a very large number of users even in its existing form. Trump had at his peak about 40 MILLION followers. That isn’t trivial.
President Trump should use whatever platform gets him face time to as many people as possible.
I am confident that EM will reform twitter. He has a record of his own when it comes to making speech as he pleases and defends it. And defends even those that criticize him the rights to do so. I admire that. A lot!
At the moment it would look like twitter is going to be reformed before truth social really hits major milestones.
in business, that is a recipe for success. it’s a slamdunk.
I am not anti-social media. I just don’t see how it can compete or even why it would want to.
if the intention is to have a social media platform where voices can be heard even those that offend or offer different views..that looks to be what a reformed twitter is about to become.
Will it? I’m pretty confident it will.
Look at it this way:
twitter has millions of users ..yet has not been in the black for a very long time. And by its restricted censorship has become a smaller version of what it could be.
shareholders, well, private investors in this case, are interested in growth..profit. As all businesses should be. Because if you are not growing, you are not only losing opportunity, but you are also in a very real situation where a competitor is going to stomp you out of existence and compete and grow while you stay glued to dumb.
the improvement such a open source algo will have far reaching effects. (paying attention apple, google, youtube, microsoft, amazon?)..that world is shifting.
the improvement that allows edits…do the deep dive to understand what this truly means for a platform like twitter…it’s revolutionary!
the open speech, free speech ideaology…also revolutionary in a world run by censorship bandits on nearly every venue. That world is about to change.
and why..because the moment that twitter starts banging out huge growth and profits…sharesholders will DEMAND that other platforms follow suit. or be taken over by private investors that can run a business and less of a propaganda machine.
propaganda machines and lie dispensers are shaking in their boots. They realize the gig is up. They refused to budge on idealogy and stupid and as a consequence are far less profitable by that behavior.
shareholders are noticing.
I am not big fan of saudi arabia. But let it be known that SA prince owns a massive share of twitter. My understanding is that he helped push this through.
think about that for a moment…a SA prince who runs a country that has very restrictive speech and behavior laws enforced by islamic death cults, is pushing for twitter to release from the confines of its own making!
why?
because even a dirty rotten bastard in SA KNOWS how to make money and grow.
Now matter how you look at it, twitter is going to change. It will becomes very profitable and it will grow. Users will have a more open and diverse experience and less of the nazi speech jackboots.
and for techies, they can learn and help improve how the algo’s operate to create a more open space for all kinds of speech.
like it or not (I don’t actually participate with twitter and likely never will. it’s a time suck and have better things to do), twitter is about to become a much big cultural paradigm change. from politics, to culture, to science, the even religion..and yes, unfortunately this also will mean that the perverts and reprobates will have their space. But if you have an open and broadly free platform with few restriction and only applied to dangerous or explicit violent speech…then the absolutist free speech platform also opens up to the crazy people too.
the difference IS that these issues can be debated OPENLY..without some overlord controlling who wins based on some political ideology or batshit crazy agenda.
It will be a different experience. It will be what facebook can never be.
Looking forward to seeing how it develops. I see some downsides too.
as I’ve stated, I think the entire notion of spending massive amounts of time on these platforms where real work never seems to evolve…just alot of talk..I think that is a huge social danger.
It invites some simulated non-effectual experience. Which to me seems very strange.
For instance, when my family has dinner together, we don’t talk about twitter or facebook. We talk about what is going on with our own lives and usually there is some cooperation and participation that happens to solve problems or to offer help to each other. Twitter and facebook is not like that at all. It’s a simulation…a virtual space where people talk..but nothing really gets DONE. I’m a simple southern Louisiana boy. I like talking to people face to face. And knowing who they are and having a good time and working hard together.
the ONLY reason why I even drop in here at CTH is because of the extraordinary talent of sundance and the entire CTH team, who inspire me. Introduce me to facts and ideas and designs that are close and dear to my heart. I feel at home here. I don’t not consider this to be a waste of time. There is a very large christian base here at CTH ! It really matters to me that people have solid faith in God and are unafraid to talk about it and what it means to them and how they apply this faith to the challenges this nation and the entire world faces. There is a openess and spirited debates that does not reduce to name calling and ad hominem crap. This group of people are special because they make others feel special. There is a generosity and also a fearlessness that flies off the screen. And there is great intelligence and wisdom.
these are not the kinds of things I want to spend time wading through twitter to find. I’ve already found it.
But I do understand the draw and the importance of twitter..both as a social media platform and also a business.
I just don’t have the time to have my phone blow up every 3 seconds night and day when someone’s cat does something cute.
I’m on 3 different Social media platforms including Truth Social. I’m pretty sure there are enough people to go around and ALL platforms will be successful. I was on Twitter for 4 years until my account was suspended without explanation, I have no intentions of going back. Wishing Elon the best of luck.
Elon Musk is not to be trusted. I am really confused as to why so many think he is doing a great thing here. He’s cut from the same cloth as the people running the Biden administration.
Wow, I have been reading your post for years.
I didn’t know you were from southern Louisiana.
Now I’m going to put a southern drawl on your post.
Second thing is thank you for the kind words to us all.
And lastly, what a great comment!
Hi Beverly. Elon Musk is a Libertarian, more along the lines of Michael Malice than Proud Boys or Antifa.
Further, it would be more accurate to say the GOPe is hungry for any ruling class approval, certainly not conservatives, wouldn’t you say?
We’ve yet to see what will be required of Musk for him to retain his new platform, but we may be certain it will not be pretty. What do you think the odds are of the U.S. Gubmint continuing to subsidize Twitter as they have been up to now?
It seems plausible that things are going to become mighty rough for Mr Musk in the very near future. imo
Be Blessed.
I agree. I said this thought in another post that I cannot find. Musk may not be using his own money for this charade. As Sundance has pointed out, Twitter can never be profitable. Musk is not stupid. There is something else going on here and a lot of people may be very disappointed. How many times have “we” been very disappointed in the last couple of years?
https://theintercept.com/2022/04/22/anomaly-six-phone-tracking-zignal-surveillance-cia-nsa/
That’s scary report
“Gee Wally, Disney lost more money than Elon Musk paid to buy Twitter . . .”
its quite astonishing isn’t it.
the world IS changing…
don’t blink, you might miss the show.
Aaaww, knock it off, Beav. Did ya think that Musk was just foolin’ around?
“I guess maybe not, Wally. But I’ll bet Annette won’t be too happy about Disney losing all that money . . .”
Robby Starbuck
@robbystarbuck
One request for
@elonmusk
— Please expose what was done to censor people over the past few years. Make the algorithms public, expose the search bans, the shadowbans, etc. We want to see EVERYTHING these people did to tip the balance of power toward their political preferences.
2/. We NEED transparency. That’s the only way to expose the discrimination against conservatives that’s going on inside of all the major Big Tech companies.
1:11 PM · Apr 25, 2022
https://mobile.twitter.com/robbystarbuck/status/1518638804235653123
I think the users that are restored to account will have a huge role is explaining and NAMING the board members and behind the scenes speech nazi’s.
I don’t think the private company twitter will have to do much of anything to get into those issues. The reformed twitter will allow users to criticize and even name the former villains and current villains WITH FACTS.
it’s going to be remarkable and will have a huge impact on how
stage 4 – transfer of power
actually happens.
yes….we are still in stage 3 awareness, but a whisper away from stage 4, where the action happen.
and we are definitely seeing the first glimpses of a transfer of power, where it belongs.
to you
and me.
our ideas, our expressions, what we want to talk about, how we want to talk about it, and even naming people we oppose with even ridicule, and shame even, up to and including insulting and humiliating effects.
It’s the street fight that the radicals have long dominated simply by silencing the wrong think and rewarding those for right think.
that goes away. the balance of power shifts.
this transfers power.
if you do not understand this, remember this as a historical reality…in the 30 years leading up to actual violent skirmishes the british crown seized publishers or taxed them out of existence. then the publishers of americans went underground. They found a way. It was not easy, but they managed to keep people informed about the corrupt nature of the overlords in great detail. THIS WAS THE FIRST AND MOST MONUMENTAL STEP TOWARD TRANSFER OF POWER.
the ability to communicate facts and ideas without oppression.
And while we may not “think” we are not at war in the sense and context of the American revolution, WE MOST CERTAINLY ARE AT WAR. The oppressive, censors of the radical progressive moonbat perverts on the left who control all of mass media have commanded the narratives and the message without much challenge. These reprobates started this war. The war over ideas, principles, truths, facts, objectives, realities. They LIE to maintain power and control. They do so, because it is the most powerful weapon of war. propaganda/misinformation.
that is about to change. The transfer of power over the narrative is about to be tested at scale!
this isn’t about EM! Be sure to understand this. He has opened up an opportunity we can utilize to transfer power…to have equal time and space to demonstrate our agenda, what we want, how we want it, and what we refuse to concede.
We are at war.
the transfer of power will happen in small steps and then begin picking up momentum.
It will be done with ideas and expressions and dissent.
at scale.
this changes the world.
it not only breaks the old regimes, it opens up into better terms.
If this happens as I see it unfolding EM will be held up in history as a remarkable human being. Full of flaws, but of sound principle on the matter of fairness and the freedom of expresssion. A trait and feature that this nation should have never lost, but for the deep swamp creatures who have committed the greatest treason against a free people of the world. They have acted as gods, self annointed and in that foolish and demonstrably stupid act, will be their own undoing.
and I will not wet an eye to see this insanity crew scream at the sky without the power and the weapon they have spent so long infecting on the world.
who makes the decision your ideas or my ideas and opinions are worthy or not.
the answer to the debate about free speech
IS
more speech…(not less)
EM gets it. He’s talked about because it’s very important. A successful business person holds open debate and speech prized above all else. Because the reality is that when you start doing group think and controlling speech, you lose creativity..you end up in a corner, where power is concentrated to only those that have “establishment”…but the reality is that talent and fresh ideas and inconvenient truths are almost always unconventional and usually drowned out by the old guard.
EM is a very smart and agile person. He isn’t locked up on doing something just one way. He understand the value of taking a risk and letting others have a shot at solving a problem and weighing in to debate.
Not a perfect person, but a genuine person who seems to really care alot about the relationship between open speech and its correlation to good business.
the transfer of power is going to happen. Twitter reformed will be one of the many important developments that make that happen.
I expect we will learn a lot about how this plays out by whom Mr. Musk puts in charge of the day to day operations, and those put into oversight posts and sharing or making open the code (is that the right phrase?) as to how free speech will unfold.
Very exciting possibilities which seems to depend on whom he hires to run things.
Who knows, with this new beginning for twitter, and the more fully operational Truth Social, this could be a constructively positive competition, perhaps to see which platform is the more free speech one?
Best Part:
Elon’s got 4 months to PASS-or-FAIL in recovering America-First participants, by proving Twitter’s contribution to ensuring that the 2022 Elections are Free, Fair and Informed with Integrity.
He’d better get a move on.
Here’s hoping ..
Don’t worry, suspicious cat is busy elsewhere . . .
😏
good one!
Musk basically owns Starlink and if Twitter is open sourced and integrated with same, truly a lot of despots domestic and overseas will only be able to just shake their fists at the sky. Hope Elon stays safe.
Liberals, there are many safe-spaces in Shanghai. You like to be told what to do and enjoy living in a bubble.
“We know there is a connection between the U.S. government and Twitter…. the question is, how is all of that being operated?”
Will the gummint continue to run their side of the escapade on terms favorable to Twitter, as they have in the past?
Or will the gummint monkeywrench Elon?
We know there is a connection between the U.S. government and Twitter…. the question is, how is all of that being operated?
It’s simply, they subcontract analytics and messaging. None of that is particularly conspiratorial, that history is nearly a century old.
Well, unless the army of Commie soldiers that populate Twitter’s employee ranks are adiosed, Musk will find himself with the same problem PDJT did when POTUS.
I suspect that the timing of the buyout offer had everything to do with the pending earnings which will tank the stock. I hope that Mr Musk is able to recoup his money over time for trying to do the right thing. It seems to be a pretty big ask to have one guy take all the heat.
You’re fretting on behalf of an oligarch?
Is this purchase of Twitter by Musk trending?
I can’t tell, cuz I don’t have an account.
Would like to know.
The lawsuits could be astronomical. Just think about the Depp v Heard defamation trial. Heard allegedly has many twitter bots. What if all of that becomes completely transparent with the clear evidence of them being used to defame?
Of course that just a single small-fry example of what was likely going on.
My question is how any disclosure could happen without twitter itself getting sued into oblivion. Isn’t that a risky proposition for Musk?
will be interesting to see what Twitter is in say a yr. Huge % of revenue is ads. With many leaving that needs to be stabilized. ELon wants to cut staff and move to TX. IF so then fire sale in SF on safe space parts incl teddy bears, blankets, pillows, bubble gum, etc. Sundance has questioned the hosting expenses and whether they are secretly govt. subsidized. More to come. This’ll be fun to watch.
Sean King is back. Here’s a good meltdown. 😁
********
Shaun King: Elon Musk Buying Twitter Is Racist
https://dailycaller.com/2022/04/25/shaun-king-elon-musk-buying-twitter-display-white-power/?fbclid=IwAR1IqIk_kyiTga8cFj1PUSHPZXWzZyeaMSvk3L5aZsRptU6ceuc5XzCAVnE
THE MELTDOWN IS GLORIOUS: Democrats, Thugs and Fascists React to Elon Musk Purchase of Twitter with Predictable Fury
https://www.thegatewaypundit.com/2022/04/meltdown-glorious-democrats-thugs-fascists-react-elon-musk-purchase-twitter-predictable-fury/
ONE DOWN: Former Good Place Actress Turned Annoying Activist Jameela Jamil Quits Twitter Over Elon Musk Purchase
By Cassandra Fairb
https://www.thegatewaypundit.com/2022/04/one-former-good-place-actress-turned-annoying-activist-jameela-jamil-quits-twitter-elon-musk-purchase/
Buh-Bye.
Haha.
I bet he “supports Ukraine” too.
talk about white nationalism
I don’t think there is a bigger form of this supposed white nationalism, than the Uke
terrorists.
Libtards are so dumb
The best evidence for Twitter being on the federal teat is that Musk wants to take it over.
Musk has never met a socialist subsidy that he didn’t consider pouncing on.
don’t expect a big conservative uprising on the twatter. musk might appear to be on the side of ‘freedom’, but who is he really selling out to/in bed with by not doing this on his own?
(g.O.V.T.)
I know Save America has put out a statement stating that President Trump will not be going back to Twitter; that he will begin posting on Truth Social. But…..I believe his main goal is to get his message out….to as many people as possible. And it will be a looonnnggg time before that happens via Truth Social. Thus, I believe he has a very stable genius plan in all of this. I’m patient and I will enjoy watching the way it all plays out. 🍿
Plus, he was on several platforms simultaneously before he was banned by all of ’em.
He can be on TS and Twit, both. And any other ones that come along.
Getting the word out to as many as possible is how you do it. Not limiting yourself.
Sean King just deleted his Twitter account. Buh-bye.
😁😂🤣
Dude’s so pale he simply faded away . . .
Something tells me that a lot of people are going to be disappointed with Musk. How many people/institutions that you once believed in let you down big time. Name one that hasn’t. Musk may not be spending his own money. Maybe the IC is paying for it. Maybe this is happening because Trump is close to opening up his site and they want to head him off at the pass. You know how much they hate him. Maybe it’s just another shiny object.
Yep, and it’s an election year with election fraud still in full flower with essentially zero reform.
Meanwhile the meltdown – Democrats, thugs and fascists react to Elon Musk purchase of Twitter with predictable fury. What does that tell us?
Yes, it was interesting in one of the interviews linked here he described his Neural-Link as a way to tame AI and ensure we can communicate with such a super-intelligent creation that it might well view us as slow as trees and therefore impossible to interact with, or possibly, it seemed implied, worthy of any such effort.
The startling fact which was made public during this process was how little stock the Board had of Twitter and how the Boards interests were therefore not in line with stockholders.
Very enlightening and one wonders how many other public traded media companies are run by those who are not aligned as a shareholder?
Way to go Elon. Now fire them all and start fresh.
Yup, now watch as the liberal bots bail and the conservative lemmings fall back in line.
Lots of people think Musk is going to perform a review of their systems and release details on what/how the left has been operating. Sounds great and all, but don’t hold your breath. That would divulge their coordination with gov agents and would likely hurt Musks other gov coordinated projects.
By the way.. Why are we are saving the liberal/darpa pet project also known as twitter? Why are there no efforts to take back Disney from the communists? All that time Walt spent testifying to the Gov about communists infecting his company. No one today wants to save it and in reality Americans are being rallied to destroy Disney. A company founded by an outspoken anti-communist. Do you get it yet?
SAN FRANCISCO, CA—Elon Musk’s bid to purchase Twitter came up short after 138,000 board votes were found at 2 a.m., a company spokesman confirmed Tuesday. Musk had been in talks to purchase the company for $44 billion.
“We really thought Musk was going to pull this one out,” said Twitter CEO Parag Agrawal. “The yes votes had a strong lead when I went to bed last night, but that was before we counted all the mail-in votes that one of our employees found in locker 142 at the bus terminal.”
When the final votes were tallied, the takeover bid failed by a final tally of 10 votes for, 138,000 votes against. While the final result came as a shock to most observers, Agrawal said the election was fair. “Twitter takes election integrity very seriously,” he noted. “I can confidently say this was the most secure election in American history.”
A shocked Musk took to Twitter Tuesday to express his outrage. “Those ballots…that’s a whole big scam,” Musk tweeted. “The only way I could have lost is if this was rigged! I refuse to accept the results of this vote!”
Musk later tweeted that he was planning a demonstration at Twitter headquarters on May 6 to protest the results. His account was then permanently suspended by Twitter for questioning the integrity of the election.
— Babylon Bee
I am not familiar with changes that come with taking a company private. Unlike a publicly traded company, a private one is not obliged to report earnings publicly. Twitter had scheduled Q1 2022 results release for 4/28/22. Given the purchase agreement, are they obliged to report financial performance?
You don’t do a deal like this expecting to make money tomorrow.