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Elon Musk rejected Twitter board seat- which would’ve capped his ownership of Twitter at 14.9%.

Musk has now has put in an offer to buy the remaining 90% of Twitter he doesn’t own- for $43 billion in cash- at $54/share and take the company private. A nearly 40% premium above where the stock was when Musk’s investment became known. Twitter board 100% has a fiduciary responsibility to the shareholders to take that deal. Twitter in reality is a dogshit company that doesn’t really make money- it has lost far more money in it’s existence than it’s ever made- and if they don’t take this deal and Musk decides to dump his stock at fire sale prices it’ll cause the stock to crater and he can just go back and buy up even bigger controlling stake at a discount.

Dear god I love that guy. He’s got them by the balls and they’re f**ked. F**k Twitter. If only he could do that to Facebook and Google. Unfortunately Facebook and Google (especially Google) have MUCH higher marketcaps and share prices- because they uh…unlike Twitter they both actually make ridiculous amounts of money and are highly profitable and are not putrid dogshit companies that are continually in the red like Twitter. 

also either FB or Google or both have special stock not publicly traded owned by the head guys which protects from a takeover

Some speciation it might just be a pump and dump by him.

Yeah, OK. Except for the fact that’s not what a pump and dump is. At all. Any speculation by anyone as such is just a talking head idiot talking out of their ass who doesn’t know what a pump and dump actually is.

He’s trying to take over the company. Clearly. The board seat Twitter offered him came with strings attached that he could not own more than 14.9% of the company. He clearly wants control, otherwise he’d have taken the board seat. And the Twitter board has a fiduciary responsibility to it’s share holders to take that deal. Period. Twitter not taking the deal will immediately lead to share price falling and if Musk really decides to give them a giant middle finger he could firesale nearly 10% of all that bullshit companies shares outstanding and crater the share price if he wanted.

Yeah, OK. Except for the fact that’s not what a pump and dump is. At all. Any speculation by anyone as such is just a talking head idiot talking out of their ass who doesn’t know what a pump and dump actually is.

He’s trying to take over the company. Clearly. The board seat Twitter offered him came with strings attached that he could not own more than 14.9% of the company. He clearly wants control, otherwise he’d have taken the board seat. And the Twitter board has a fiduciary responsibility to it’s share holders to take that deal. Period. Twitter not taking the deal will immediately lead to share price falling and if Musk really decides to give them a giant middle finger he could firesale nearly 10% of all that bullshit companies shares outstanding and crater the share price if he wanted.

Sorry I spoke ill of the cool member of the elite. Everything he’s doing is good and just and will be bad for just the right people.

Yeah, OK. Except for the fact that’s not what a pump and dump is. At all. Any speculation by anyone as such is just a talking head idiot talking out of their ass who doesn’t know what a pump and dump actually is.

He’s trying to take over the company. Clearly. The board seat Twitter offered him came with strings attached that he could not own more than 14.9% of the company. He clearly wants control, otherwise he’d have taken the board seat. And the Twitter board has a fiduciary responsibility to it’s share holders to take that deal. Period. Twitter not taking the deal will immediately lead to share price falling and if Musk really decides to give them a giant middle finger he could firesale nearly 10% of all that bullshit companies shares outstanding and crater the share price if he wanted.

And then buy his interest back at the new, lower price, which is what some people are speculating is the intent.

So predictable- the left and their mouthpiece media are so up in arms over this. 

They are so truly afraid of free speech as it will end their monopoly in the digital narrative. 

Yep

Im really enjoying it

this is literally the best account on Twitter. The hypocrisy and the self-owns of the corporate media and shitlibs is never ending….. 


https://twitter.com/DefiantLs/status/1514738236207337477?s=20&t=B4_r_8wC7grPoRu_8d_AJg

Alas, we lack a party that backs a wide degree of free speech. But, we also have a shortage of citizens who stand by it. 

Maybe some day.