BREAKING! Elon Musk offers to buy Twitter for $41B in order to take company private. He’s savage!
UPDATE! Zee plot thickens! From my Twitter feed:
Man, this @elonmusk takeover is turning into Succession meets Billions IRL with some Pentagon Papers thrown in for good measure. #Twatter
ICYMI: Vanguard comes to Regime’s rescue & buys current largest share at 10.3%.
Saudi Arabian shareholders turn down deal (looks like the Regime is finally calling in that favor). Elon calls them out on it.
Progressives cheer AGAINST openness & free speech and FOR Big Money.
If the collapsing Regime is willing to go to these lengths to stop someone from re-instituting CENSORLESS FREE SPEECH, and YOU’RE not wondering what they are trying to hide, you’re not thinking hard enough.
Hint: Connected dots on intelligence agencies’ malfeasance. The corruption rife in DC. The harm caused by the government’s response to C-19. The lab leak. The collusion btw Big Pharma, Big Money, Big Tech & Big Gov against YOU, the “nonessential” little guy.
Then there is this: https://www.nytimes.com/…/twitter-saudi-arabia-spies.html
Turns out: Chairman of Twitter is Salesforce’s CEO, which recently ran an anti-SpaceX/Elon superbowl ad. So this drama has multiple layers
On Friday, Twitter introduced a poison pill rather than accept generous offer. The Twitter board has a fiduciary duty to consider all offers in GOOD FAITH.
By rejecting an offer at 54% PREMIUM, they are screwing their s/holders, and opening themselves to a massive shareholder lawsuit. All this now obviously to continue to suppress free speech and rig elections in favor of their favored candidates.
FYI: Invoking the “poison pill” means if any person or group acquires 15%+ of Twitter’s outstanding common stock without board approval, other s/holders can buy additional shares at a discount <–to fend off a “hostile takeover”. Yesterday, they diluted the stock to reduce Elon’s stake.
The original offer represented a 54% premium, which has now been reduced to 18%. The question investors should ask themselves is why they would continue to hold Twitter stock now that the Board has shown it will BREAK THE LAW and choose SJW/Wokeness over its fiscal duties.
Then Twitter’s Board hires Goldman Sachs–you know, Too Big To Fail guys–to advise them on the offer. They say it’s not a “fair offer in good faith,” BUT, the premium offer of $54.20 is ABOVE their own buy/sell recommendation of $30. This was Elon’s response.
Update 4/21/22: Looks like Elon has borrowed enough money to take an offer of $46.5B directly to the shareholders, thus circumventing the poison pill, so currently, in the Saga of Twitter’s Free Speech Suicide Squad: “Tesla CEO Elon Musk said in a filing Thursday he has secured $46.5 billion in financing to buy Twitter — mostly with borrowed money.”
You decide if this SNL skit is funny or not.
My response to the skit was: “Another “N-word” was censored on social over the past 2 years: the Nuremberg Code, the set of ethical rules for human experimentation that were grossly violated by the introduction of vax mandates during Covid. Mentions received warnings/misinformation labels. #FreeSpeechMatters”