So are they already private .? Some of these people already think it is.
Let the Pubs take over Congress and go after Twitter & Facebook for their censorship.
Elon Musk becomes Twitter's largest shareholder
- Thread starter vraiblonde
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So are they already private .? Some of these people already think it is.
Let the Pubs take over Congress and go after Twitter & Facebook for their censorship.
HemiHauler
Well-Known Member
Of course, the funniest part about this is that it’s an implicit admission that “Truth Social” aka Pravda is an utter failure. If it were a success, no need to reinstate that baboon’s account on twitter.
But of course it’s a failure. It was never going to be a success because (1) Trump supporters, fervent as though they may be, are not going to pay a recurring monthly fee to join a stupid social media site; and (2) you mouth-breathing, knuckle-dragging mooks aren’t interested in talking to one another on social media. You’re more interested in “owning a lib”, so you’ll need a platform where there is diversity so you can put your abject stupidity on public display.
Cheers!
Schadenfreude = me loving watching the likes of you have supercalifragilisticexpialidocious meltdowns over the mere possibility that this buyout might happen!!
HemiHauler
Well-Known Member
Schadenfreude = me loving watching the likes of you have supercalifragilisticexpialidocious meltdowns over the mere possibility that this buyout might happen!!
The buyout will not happen. Elon doesn’t have the cash. Too bad, so sad.
Cash? Oh, Okay. I guess you're the expert whose expertise has made you worth more than the richest man in the world.
HemiHauler
Well-Known Member
Cash? Oh, Okay. I guess you're the expert whose expertise has made you worth more than the richest man in the world.
I guess you don’t understand the difference between liquid and non-liquid assets. I’ll further guess you don’t know how many TSLA shares he’s already using as collateral.
I guess you’re just impressed with wealth and don’t dig any further than that.
As I said - you must know more about amassing wealth than the wealthiest man in the world. Go on with your badself!!
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HemiHauler
Well-Known Member
As I said - you must know more about amassing wealth than the wealthiest man on the world. Go on with your badself!!
It’s all public information sweetheart.
The federal apparatus is now been fully activated to stop Elon Musk from buying Twitter. We’ll leave the “why?” aside for the moment. First, the “what.”On Thursday, there were two significant developments in the opposition to Musk’s buyout. First, investment goliath Vanguard increased its holdings to just above Elon’s, so Musk would no longer be the top shareholder, and therefore can’t swing his “largest owner” weight around. Second, and more materially, Twitter’s board voted in some corporate rule changes that make it a lot harder for Musk to buy the company.
Specifically, the board passed a rule providing that if any single owner ever gets over 15% of the company, then all the other shareholders may buy brand new shares for half price, which would immediately tank the value of the stock, making it extremely expensive for anyone to buy more than 15%. It’s the corporate equivalent of squatting in somebody else’s house and shouting at oncoming police, “don’t come any closer or I’ll burn it down!”
This move put the board squarely in the crosshairs of thousands of lawyers itching to bring shareholder derivative suits against the individual board members for breaching their fiduciary duties in not selling to Musk. So something else had to be done to protect them.
Late yesterday, multiple media sources breathlessly announced that the DOJ and the SEC were both SEPARATELY investigating Musk over his attempt to buy Twitter. Gosh. It’s almost like the federal government has some kind of vested interest in the social media company that it has to protect. But don’t think about it too hard, it’ll be a right-wing extremist conspiracy theory in about ten seconds.
What we know for sure is, in the government’s view, Musk is now just as dangerous as angry soccer moms who harshly criticize school boards. Maybe even more dangerous. Welcome to the war, Elon.
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First, and least significant, because we all knew it anyway, is that at minimum Musk has exposed the charade that is Twitter. It isn’t a private company anymore. It’s an arm of the federal government and a tool that the government is using for some very important purpose. My guess is that purpose is “controlling the narrative.”
Why do I say that? Plenty of reasons. For one example, a couple years back in 2017, Mika Brzezinski (MSNBC) had a “whoops” moment when she accidentally told the truth while she was complaining about Trump’s tweets:
☕️ Coffee & Covid ☙ Saturday, April 16, 2022 ☙ 🥚 BONUS EASTER EDITION 🕊️ 🦠
Musk’s battle with Twitter heats up; what Hunter Biden and Merrick Garland have in common; an Easter message about hope over fear; and a surprising visitor in Tallahassee.
www.coffeeandcovid.com
Very much so!!!
