Elon Musk becomes Twitter's largest shareholder

GURPS

GURPS

INGSOC
PREMO Member

Saudi Prince’s Rejection Of Musk Offer Highlights Twitter’s History Of Housing Alleged Saudi Spies​



Elon Musk fired back Thursday at the Saudi investor who said he is rejecting Musk’s offer to buy the popular social media platform because his $43 billion offer is too low.

“I don’t believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of (Twitter) given its growth prospects,” Prince Al Waleed bin Talal tweeted Monday morning, shortly after news of Musk’s offer broke.

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As first reported by The New York Times, in 2019, two Twitter employees — an engineer and media partnerships manager — who had access to the personal information and account data of millions of users were investigated by the Department of Justice for allegedly spying on behalf of the kingdom and using their positions to silence critics of Crown Prince Mohammed bin Salman and other Saudi leadership.

According to the report, Saudi intelligence operatives persuaded the Twitter spies to collect information on dissidents and activists who spoke against the crown. A human rights lawyer representing one of the targeted dissidents said at the time, “The Saudi regime is trying to silence any voices for freedom or reform.”
 
GURPS

GURPS

INGSOC
PREMO Member

Twitter CEO Makes Eyebrow Raising Remark As Employees Panic Over Potential Musk Takeover​



Agrawal reportedly told nervous employees that Musk could not change the company’s culture because “no one man can change that.” While he is legally limited to what he can disclose about the situation, it is an interesting choice of words as it appears to leave open the possibility that Musk really may takeover the company and turn it private.

One Twitter employee tried to claim what Musk was doing by trying to buy the company for far above market value was like a “hostage situation.”

“I don’t believe we are being held hostage,” Agrawal said to employees.

“This provides all of us with this moment where we feel distracted, where we feel a loss of control,” Agrawal said. “I am personally going to spend my time focusing on things I can control, and I believe it will matter.”



How many would ' stay behind ' after a Musk takeover to sabotage the systems ... constantly leaking internal actions
 
GURPS

GURPS

INGSOC
PREMO Member

Musk Blasts Twitter Amid Reports They May Reject His Offer, Posts Goldman Sachs’ Rating For Company​



Twitter’s board of “directors are weighing whether to move ahead with the poison pill — formally called a shareholder rights plan — that would limit the ability of a single shareholder, like Mr. Musk, to acquire a critical mass of shares in the open market and force the company into a sale,” The New York Times reported. The poison pill tactic of warding off unwanted hostile takeovers “essentially lets the company flood the market with new shares or allow existing shareholders other than the potential acquirer to buy shares at a discount,” which “dilutes the bidder’s stake and makes buying shares more expensive.”

Musk said during an interview on Thursday that he wanted to buy Twitter because his “strong intuitive sense is that having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization.”

“I don’t care about the economics at all,” Musk added.







 
GURPS

GURPS

INGSOC
PREMO Member

Elon Musk’s Twitter Bid Proves The ‘Private Business Can Do What It Wants’ Censorship Defense Was Always Garbage​


After the New York Post published bombshell reporting about a compromising laptop belonging to then-presidential candidate Joe Biden’s son Hunter — a laptop which, more than a year later, The New York Times and Boot’s own employer have admitted is legit — Boot loudly defended Twitter’s “private-sector” right to censor the story.

“Facebook and Twitter are private-sector companies, and they have no obligation to pass along possible Russian disinformation. That’s not ‘censorship.’ It’s editorial judgment, and it’s something we need more of online,” Boot insisted in October 2020. “I’m all for free speech, but the First Amendment does not impose on companies a mandate to spread Russian — or Republican — disinformation.”

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Now that Musk has offered to buy Twitter and make it a really private company, Boot is singing a different tune. “I am frightened by the impact on society and politics if Elon Musk acquires Twitter. He seems to believe that on social media anything goes,” Boot cried on Thursday morning. “For democracy to survive, we need more content moderation, not less.”


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Salon writer Matthew Rozsa argued in 2020 that “Twitter, a private platform, has the constitutional right to censor or moderate speech on its platform.” It was actually Trump who threatened the First Amendment when Twitter censored and “fact” “checked” him, Rozsa claimed, adding that “even if Twitter had been factually wrong” it was fine because “it is still a private company.”

Thursday morning, Rozsa blared that “Elon Musk’s attempted takeover of Twitter is a threat to the free world.”
 
H

HemiHauler

Well-Known Member
GURPS said:
Musk sells off ...... Twitter Stock Craters

Win / Win
Click to expand...
I’d guess you know nothing about selling equity shares at this volume. He can’t dump sharea all at once. Otherwise the shares tank while he is selling, since you know, there are lots of them. He would sell in small lots over a period of time specifically to avoid that.

Alternatively, find an institutional investor who will buy as a block. But that sort of transfer will take place before the market knows that Elon is selling his shares, thus avoiding a nose dive in share price.

He walks away with a handsome profit, but share price is stable. This was likely his plan all along. He’s got a few SEC investigations to prove this.

He doesn’t have the cash to have carried this out.
 
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