RIP Twitter

#526
#526
Mark Cuban: Elon Musk is ‘f–king with the SEC’ with Twitter buy offer

Elon Musk’s offer to buy Twitter for $54.20 per share and take the company private is just the latest elaborate dig in the billionaire’s ongoing battle with the SEC, fellow tech entrepreneur Mark Cuban claims.

Musk’s made the offer — complete with a 420 reference — alongside a declaration that Twitter “needs to be transformed as a private company” to unlock its full potential. Cuban noted the offer was quite similar to the incident that originally landed Musk in hot water with the SEC.

In his infamous 2018 tweet, Musk declared that he had “funding secured” to take Tesla private at $420 per share — leading the SEC to accuse him of making false and misleading statements about the company’s finances.

“My conclusion, @elonmusk is f—king with the SEC,” Cuban tweeted. “His filing w/the SEC allows him to say he wants to take a company private for $54.20 Vs. his ‘Am considering taking Tesla private at $420. Funding secured.’

“Price go up. His shares get sold. Profit [up] SEC like WTF just happened,” Cuban added.

Mark Cuban: Elon Musk 'f--king with the SEC' amid Twitter offer
 
  • Like
Reactions: StarRaider and Orangeburst
#528
#528
Franklin Pierce said:
Twitter board is considering issuing 'poison pill' to stop Musk buying more shares and taking control - as he says his bid to buy firm is not about money but 'the future of civilization' during live TED talk

Twitter's board of directors is reportedly considering a plan to block Elon Musk's $41 billion hostile takeover -- but the billionaire says that he has a 'Plan B' if his initial offer to take the company private fails.

The board, meeting on Thursday afternoon, is considering combatting the takeover bid with a so-called 'poison pill' provision that would prevent Musk from increasing his stake in Twitter, a source told the Wall Street Journal.

Also known as shareholder rights plans, poison pills typically trigger an automatic stock dilution through a flood of new shares if a corporate raider's ownership stake grows too large. In Twitter's case, the idea would be to prevent Musk from increasing his 9.2 percent stake in order to pressure the board to accept his deal.

Elon Musk tries to buy Twitter for $41billion: Tesla CEO offers $54.20 a share | Daily Mail Online
Click to expand...
Some one more knowledgeable than me, what prevents Musk from buying all the new shares? Wouldn’t that poison the other 88% shareholders?
 
  • Like
Reactions: tbwhhs and Franklin Pierce
#529
#529
Franklin Pierce said:
Mark Cuban: Elon Musk is ‘f–king with the SEC’ with Twitter buy offer

Elon Musk’s offer to buy Twitter for $54.20 per share and take the company private is just the latest elaborate dig in the billionaire’s ongoing battle with the SEC, fellow tech entrepreneur Mark Cuban claims.

Musk’s made the offer — complete with a 420 reference — alongside a declaration that Twitter “needs to be transformed as a private company” to unlock its full potential. Cuban noted the offer was quite similar to the incident that originally landed Musk in hot water with the SEC.

In his infamous 2018 tweet, Musk declared that he had “funding secured” to take Tesla private at $420 per share — leading the SEC to accuse him of making false and misleading statements about the company’s finances.

“My conclusion, @elonmusk is f—king with the SEC,” Cuban tweeted. “His filing w/the SEC allows him to say he wants to take a company private for $54.20 Vs. his ‘Am considering taking Tesla private at $420. Funding secured.’

“Price go up. His shares get sold. Profit [up] SEC like WTF just happened,” Cuban added.

Mark Cuban: Elon Musk 'f--king with the SEC' amid Twitter offer
Click to expand...

Well heck..that busts my bubble of hope
 
  • Like
Reactions: NorthDallas40, StarRaider and Franklin Pierce
#532
#532
Elon Musk is No Longer Twitter's biggest shareholder after the Vanguard Group upped its stake to 10.3%: Investment firm is unlikely to back his takeover bid

Elon Musk is no longer the largest shareholder in Twitter, it emerged on Thursday, after asset manager Vanguard Group increased its stake to overtake him.

Vanguard owns 10.3 percent of Twitter, while Musk owns 9.1 percent of the company, making him the largest individual shareholder.

Vanguard, led by CEO Tim Buckley, increased its stake in the company at some point during the first quarter, according to SEC filings made on April 8.

Vanguard's holdings are now worth $3.78 billion, based on Twitter stock's closing price on Wednesday.

The company frequently sides with management on voting issues, and does not usually advocate for changes like a hedge fund or activist investor might, The Wall Street Journal reported - meaning that they are unlikely to look favorably at Musk's proposal to buy out the company.

Elon Musk is NO LONGER Twitter's biggest shareholder | Daily Mail Online
 
#533
#533
But how did Musk go from a nerdy child living in South Africa with an absentee mother and emotionally abusive father to the richest man on Earth?

Musk didn't have the easiest childhood - he was severely bullied by his classmates and it got so bad that he was once hospitalized after they pushed him down a set of stairs.

As he entered his teen years, he dreamed of moving to America but struggled to find the funds.

Against all odds, he eventually made it to the U.S. - through scholarships, loans, and working two jobs simultaneously - where he graduated from college and launched his first business.

But not without more hardship - while starting his primary company in 1995, Musk became homeless and had to sleep on the couch in his office.

How Billionaire SpaceX founder Elon Musk went from loner in South Africa to richest man in the world | Daily Mail Online
 
  • Like
Reactions: CagleMtnVol and Orangeburst
#534
#534
Franklin Pierce said:
But how did Musk go from a nerdy child living in South Africa with an absentee mother and emotionally abusive father to the richest man on Earth?

Musk didn't have the easiest childhood - he was severely bullied by his classmates and it got so bad that he was once hospitalized after they pushed him down a set of stairs.

As he entered his teen years, he dreamed of moving to America but struggled to find the funds.

Against all odds, he eventually made it to the U.S. - through scholarships, loans, and working two jobs simultaneously - where he graduated from college and launched his first business.

But not without more hardship - while starting his primary company in 1995, Musk became homeless and had to sleep on the couch in his office.

How Billionaire SpaceX founder Elon Musk went from loner in South Africa to richest man in the world | Daily Mail Online
Click to expand...

So if you're an African-American you CAN achieve great things? Do the Dems know this?
 
  • Like
Reactions: Rickyvol77
#535
#535
Franklin Pierce said:
Twitter board is considering issuing 'poison pill' to stop Musk buying more shares and taking control - as he says his bid to buy firm is not about money but 'the future of civilization' during live TED talk

Twitter's board of directors is reportedly considering a plan to block Elon Musk's $41 billion hostile takeover -- but the billionaire says that he has a 'Plan B' if his initial offer to take the company private fails.

The board, meeting on Thursday afternoon, is considering combatting the takeover bid with a so-called 'poison pill' provision that would prevent Musk from increasing his stake in Twitter, a source told the Wall Street Journal.

Also known as shareholder rights plans, poison pills typically trigger an automatic stock dilution through a flood of new shares if a corporate raider's ownership stake grows too large. In Twitter's case, the idea would be to prevent Musk from increasing his 9.2 percent stake in order to pressure the board to accept his deal.

Elon Musk tries to buy Twitter for $41billion: Tesla CEO offers $54.20 a share | Daily Mail Online
Click to expand...
They big scared!😂
 
  • Like
Reactions: tbwhhs
#537
#537
Elon Musk Trolls Saudi Royals over Free Speech Record After Prince Rejects Twitter Bid

The Kingdom Holding Company, the investment arm of Al Waleed bin Talal Al Saud, a prince of Saudi Arabia’s ruling House of Saud, rejected SpaceX and Tesla CEO Elon Musk’s bid to buy Twitter earlier today. In response, Musk trolled the Saudi royal on the Kingdom’s free speech record.

“I don’t believe that the proposed offer by Elon Musk ($54.20) comes close to the intrinsic value of Twitter given its growth prospects,” said the Saudi royal, a tweet posted in English and Arabic. “Being one of the largest & long-term shareholders of Twitter, Kingdom_KHC & I reject this offer.”In response, Musk queried bin Talal on the Kingdom’s stance on free speech.

“Interesting. Just two questions, if I may,” said Musk. “How much of Twitter does the Kingdom own, directly & indirectly? What are the Kingdom’s views on journalistic freedom of speech?”

There is effectively no meaningful freedom of speech in Saudi Arabia, where criticism of the country’s ruling Islamic faith is considered blasphemy and is regularly punished with lengthy prison sentences, corporal punishment, and in some cases even death.

Elon Musk Trolls Saudi Royals over Free Speech Record After Prince Rejects Twitter Bid
 
  • Like
Reactions: davethevol, StarRaider and Orangeburst
#538
#538
Franklin Pierce said:
Twitter board is considering issuing 'poison pill' to stop Musk buying more shares and taking control - as he says his bid to buy firm is not about money but 'the future of civilization' during live TED talk

Twitter's board of directors is reportedly considering a plan to block Elon Musk's $41 billion hostile takeover -- but the billionaire says that he has a 'Plan B' if his initial offer to take the company private fails.

The board, meeting on Thursday afternoon, is considering combatting the takeover bid with a so-called 'poison pill' provision that would prevent Musk from increasing his stake in Twitter, a source told the Wall Street Journal.

Also known as shareholder rights plans, poison pills typically trigger an automatic stock dilution through a flood of new shares if a corporate raider's ownership stake grows too large. In Twitter's case, the idea would be to prevent Musk from increasing his 9.2 percent stake in order to pressure the board to accept his deal.

Elon Musk tries to buy Twitter for $41billion: Tesla CEO offers $54.20 a share | Daily Mail Online
Click to expand...

Let them take their poison pill. This is so pathetic, hyperbolic and just what pussies the left are
 
  • Like
Reactions: Rickyvol77, Vol737, SpaceCoastVol and 2 others
#539
#539
I just don’t see any way they let Elon Musk buy Twitter.

The powers that be have made their views clear.
 
  • Like
Reactions: hog88
#540
#540
Franklin Pierce said:
Elon Musk Trolls Saudi Royals over Free Speech Record After Prince Rejects Twitter Bid

The Kingdom Holding Company, the investment arm of Al Waleed bin Talal Al Saud, a prince of Saudi Arabia’s ruling House of Saud, rejected SpaceX and Tesla CEO Elon Musk’s bid to buy Twitter earlier today. In response, Musk trolled the Saudi royal on the Kingdom’s free speech record.

“I don’t believe that the proposed offer by Elon Musk ($54.20) comes close to the intrinsic value of Twitter given its growth prospects,” said the Saudi royal, a tweet posted in English and Arabic. “Being one of the largest & long-term shareholders of Twitter, Kingdom_KHC & I reject this offer.”In response, Musk queried bin Talal on the Kingdom’s stance on free speech.

“Interesting. Just two questions, if I may,” said Musk. “How much of Twitter does the Kingdom own, directly & indirectly? What are the Kingdom’s views on journalistic freedom of speech?”

There is effectively no meaningful freedom of speech in Saudi Arabia, where criticism of the country’s ruling Islamic faith is considered blasphemy and is regularly punished with lengthy prison sentences, corporal punishment, and in some cases even death.

Elon Musk Trolls Saudi Royals over Free Speech Record After Prince Rejects Twitter Bid
Click to expand...

The irony of this and many other aspects cannot be lost. Leftists are just authoritarian bitches.
 
  • Like
Reactions: NEO, Rickyvol77, Vol737 and 3 others
#541
#541
Elon Musk's Twitter takeover: Staffers of Jeff Bezos-owned Washington Post Sound Alarm on Tesla billionaire

Several staffers of the Jeff Bezos-owned Washington Post are anything but thrilled that fellow billionaire Elon Musk is aiming for a hostile takeover of Twitter.

That set off an avalanche of responses from those on Bezos' payroll.

"I am frightened by the impact on society and politics if Elon Musk acquires Twitter," Washington Post columnist Max Boot tweeted. "He seems to believe that on social media anything goes. For democracy to survive, we need more content moderation, not less."

Elon Musk's Twitter takeover: Staffers of Jeff Bezos-owned Washington Post sound alarm on Tesla billionaire
 
#542
#542
  • Like
Reactions: 0nelilreb, Vol737, hog88 and 2 others
#544
#544
Franklin Pierce said:
Elon Musk's Twitter takeover: Staffers of Jeff Bezos-owned Washington Post Sound Alarm on Tesla billionaire

Several staffers of the Jeff Bezos-owned Washington Post are anything but thrilled that fellow billionaire Elon Musk is aiming for a hostile takeover of Twitter.

That set off an avalanche of responses from those on Bezos' payroll.

"I am frightened by the impact on society and politics if Elon Musk acquires Twitter," Washington Post columnist Max Boot tweeted. "He seems to believe that on social media anything goes. For democracy to survive, we need more content moderation, not less."

Elon Musk's Twitter takeover: Staffers of Jeff Bezos-owned Washington Post sound alarm on Tesla billionaire
Click to expand...

"For Democracy to survive, we need a platform that will ban those yucky Republicans! We need more moderation of republican content, not less!"
 
New posts
You must log in or register to reply here.
Advertisement





Back
Top