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Discussion in 'West Mall' started by Joe Fan, Jul 25, 2016.
Uh no. Twitter is publicly traded. Musk wants to take it private.
Bubba is often unclear on facts. His Dem sources are lax
I posted today in breaks of yard work for my youngests HS graduation without my glasses. Like a drunk aggy.
what has twitter done that is illegal?
The board acts for the shareholders. They can kick people off if they so choose. They can limit speech. Bill of rights does not apply.
You celebrated your youngest's graduation by performing yard work for them, or is that what Okies do to mark milestones in the life of a young Okie? Cut the grass every 18 years? Your youngest is graduating without your glasses? WTH is going on with Okies these days?
That has nothing to do with whether they are public or private. Board members are generally voted off boards, not “kicked off” if they are not liked. Private companies have boards too.
Ownership is irrelevant. Twitter suspended trump, Alex Jones, etc. surely they could reasonably suspend someone who’s damaging their product as he tries to buy it. It’s the equivalent of tossing termites around the house after you made a offer and then trying to negotiate a lower price because of termites. That’s my point.
Well your opinion is that he is damaging the product, but due diligence is part of a transaction and that due diligence almost always results in a purchase price adjustment.
Think of it as a home inspection after an initial offer. If you find out the house has foundation problems, you are either going to withdraw your offer or substantially reduce your offer. That’s what Musk is doing because he feels Twitter made false disclosures.
And the board’s sole responsibility is to maximize shareholder wealth not cancel users due to difference of political opinion. See the screw up of Disney for a great example of a board/CEO failing shareholders.
I lurk with my morning coffee. And then again with my afternoon coffee. Didn't intend to poop anything, must have just been a fat finger. And I'm pretty sure I have more than one post. Must have been at least 2 or 3, but I guess the other ones didn't make it when the site changed years ago.
If they have misstated the amount of bot traffic in those filings, it is a cousin of the cooking of the books that did Enron in. It is a breach of the fiduciary responsibility precisely because they have lied to shareholders and prospective shareholders in federally-mandated filings. You don't get to make **** up out of whole cloth and sell it as a 10K or 10Q.
Speech infringement takes many forms beyond simply the #1A protections...but there have also been limits imposed at the behest of the federal government, which does carry potential #1A implications. Further, they have made federally-mandated filings in which they profess to abhor limitations and that they view themselves as the town square. And while it may be a truism that the Board is tasked with looking out for shareholder value, suppressing much of the content of one side of a discussion is NOT maximizing shareholder value and is, arguably, HARMING said valuations...
I have done same thing more than once
Well. The way I see it is that Elon has to either purchase at the price offered or lose his “earnest money”. Trolling twitter executives is not the typical way to perform an inspection.
Theey can negotiate down but I don’t see that happening.
Good thing you don't do civil litigation...because if you did, you clearly missed the day they discussed 'unclean hands' by a party to a proposed contract.
Here is how it works:
Financial information provided
Notice of Intent/Offer
Offer may be adjusted
Musk is challenging the grifter who accused him of sexual misconduct to name one thing about his body thst isn't publicly known.
So far crickets.
This is funny.
well, we could read this as "super-entrepreneur and smart guy" is 1,000% more productive than "dumb as stoner dude". Somehow SESG managed to do more in less time than DASD. sounds about right to me.
The truth about being rich is that you get way more credit than you deserve when you are at the top of the mountain, just like you get way more heat when things go south. Kind of like being the QB. How else could we get all those NY Times "best-sellers" from dumbass actors. "uhh, you write it all and I'll just put my name on it."
A good percentage of leftists are insane or mentally unwell. You don’t see them in every day life but you do on Twitter. I recognize that you have alt-right folks who are equally addicted to social media to play out their mind games, but they pale in number to the crazy left.
Nobody can possibly be surprised at internal twitter chat about banning a conservative account.
What a foul organization they are.
Elon should be banned as he's damaging their stock price. How's that purchase coming?
I wouldn't be surprised if Elon gets banned. Last I heard on the purchase was Twitter agreed to show bot numbers.
Do you not realize he isn't going to take actions to harm his own holdings? He ALREADY owns roughly 10% of the stock that is out there.
A shareholder has an inherent right to speak out about problems with the company they have an interest in...and nothing that he has posted about $TWTR has been shown to be wrong. He is pointing out what is wrong WITH the company and its bad apples...
I said this before: once someone owns 20-40% of a publicly-traded company, it threatens its status as publicly-traded. Elon and a buddy could own 30% of the company (15% each) and force the SEC to declare it private and stop shares from being traded. However there are pros and cons of private vs public. I suspect Elon prefers his ownership to be more liquid than if he owned a share of Twitter privately.