Elon Musk buys 73 million shares of Twitter, becomes largest stockholder
quote:
Originally posted by SIGnified:
quote:
Originally posted by medic451: Elon Musk is in it for Elon Musk. Thats not an insult, its how businessmen become sucessful. Hes doing to twitter what he did with crypto. He bought twitter stock in a lull, hes going to drive up the price by generating interest and controlling the narrative. Hes gonna pump the price up and dump his shares, then walk away with more money. Rinse and repeat. This is what hes good at, hell he lives for it. You’re kidding yourself if you think hes doing this to give us back our “freedom of speech”. Thats just how hes selling it, and its working.
How do you know all of this? Have you met him?
I know at least three people who have met/worked directly for him. Where do you divine such keen insight?
I listen to what hes says, then I wait and watch what he actually does. Smart people do that, you should try it sometime. You seem to have some emotional attachment to Elon, I dont. Im just expressing my opinion, feel free to keep your own.
"I won't be wronged, I won't be insulted, and I won't be laid a hand on. I don't do these things to other people and I require the same from them." - John Wayne in "The Shootist"
April 14, 2022, 06:17 PM
Gustofer
quote:
Originally posted by medic451: If he didnt give a shit about money he wouldnt have 256 billion…
He's the richest man in the world. Do you really think he'd be upset if he woke up tomorrow morning and was only worth 200 billion? I know if it were me, that would just break my heart.
He doesn't strike me as that kind of guy for one thing, and for another, he's stated that this is not about money.
________________________________________________________ "Great danger lies in the notion that we can reason with evil." Doug Patton.
April 14, 2022, 06:19 PM
SIGnified
quote:
Originally posted by medic451:
quote:
Originally posted by SIGnified:
quote:
Originally posted by medic451: Elon Musk is in it for Elon Musk. Thats not an insult, its how businessmen become sucessful. Hes doing to twitter what he did with crypto. He bought twitter stock in a lull, hes going to drive up the price by generating interest and controlling the narrative. Hes gonna pump the price up and dump his shares, then walk away with more money. Rinse and repeat. This is what hes good at, hell he lives for it. You’re kidding yourself if you think hes doing this to give us back our “freedom of speech”. Thats just how hes selling it, and its working.
How do you know all of this? Have you met him?
I know at least three people who have met/worked directly for him. Where do you divine such keen insight?
I listen to what hes says, then I wait and watch what he actually does. Smart people do that, you should try it sometime. You seem to have some emotional attachment to Elon, I dont. Im just expressing my opinion, feel free to keep your own.
LMAO
You’re fully self-confessed egotistical clairvoyant with ability to read peoples mind from a great distances and arrogance. All the while imputing your own character failings onto others.
Charlatan Projector is thy name.
"Pacifism is a shifty doctrine under which a man accepts the benefits of the social group without being willing to pay - and claims a halo for his dishonesty." ~Robert A. Heinlein
April 14, 2022, 06:23 PM
AKSuperDually
quote:
Originally posted by SIGnified:
quote:
Originally posted by medic451: Elon Musk is in it for Elon Musk. Thats not an insult, its how businessmen become sucessful. Hes doing to twitter what he did with crypto. He bought twitter stock in a lull, hes going to drive up the price by generating interest and controlling the narrative. Hes gonna pump the price up and dump his shares, then walk away with more money. Rinse and repeat. This is what hes good at, hell he lives for it. You’re kidding yourself if you think hes doing this to give us back our “freedom of speech”. Thats just how hes selling it, and its working.
How do you know all of this? Have you met him?
I know at least three people who have met/worked directly for him. Where do you divine such keen insight?
I have two close family members who work for and have worked with Mr. Musk for over a decade. They both have meetings with him and interact with him directly, frequently.
Selfishness and self-serving are not how they describe him. Incredibly intelligent, and driven are how they describe him. They both had a choice to work for anyone, and chose their line of work and employer.
~~~~~~~~~~~~~~~~~~~~~~~~~ "The trouble with our Liberal friends...is not that they're ignorant, it's just that they know so much that isn't so." Ronald Reagan, 1964 ~~~~~~~~~~~~~~~~~~~~~~~~~~ "Arguing with some people is like playing chess with a pigeon. It doesn't matter how good I am at chess, the pigeon will just take a shit on the board, strut around knocking over all the pieces and act like it won.. and in some cases it will insult you at the same time." DevlDogs55, 2014 ~~~~~~~~~~~~~~~~~~~~~~~~~~
April 14, 2022, 06:26 PM
medic451
quote:
Originally posted by Gustofer:
quote:
Originally posted by medic451: If he didnt give a shit about money he wouldnt have 256 billion…
He's the richest man in the world. Do you really think he'd be upset if he woke up tomorrow morning and was only worth 200 billion? I know if it were me, that would just break my heart.
He doesn't strike me as that kind of guy for one thing, and for another, he's stated that this is not about money.
Goddamn right it would. I dont know any billionaires personally, but if you look at this current group of hyper wealthy businesspeople- they all have something is common. Its like their brain is wired differently than ours. I dont find any of them to be altruistic by nature. Trump, Musk, Bezos, Gates, etc- all the same genius ability to organzize, create, and succeed. They are driven, and enough is never enough for them. Elon didnt stop at 100 or 200 billion, hes going all the way. We need people that like, but I just dont think his motives are always about the little people. Its 2022, I dont trust anyone with that amount of money, no matter how much I like them or how cool they seem.
"I won't be wronged, I won't be insulted, and I won't be laid a hand on. I don't do these things to other people and I require the same from them." - John Wayne in "The Shootist"
April 14, 2022, 06:52 PM
jljones
quote:
Originally posted by AKSuperDually:
Selfishness and self-serving are not how they describe him. Incredibly intelligent, and driven are how they describe him. They both had a choice to work for anyone, and chose their line of work and employer.
"It's a bold strategy, Cotton. Let's see if it works out for them"
April 14, 2022, 07:24 PM
Balzé Halzé
If anything, this is a huge risk. You don't do something like this "to make money." I don't imagine he has 40 some odd billion dollars in cash lying around which means he'd have to liquidate his other stock to cover the purchase. That would have to be Tesla, wouldn't it? And that would have the effect of bringing down the price of Tesla stock effectively slashing his net worth in the process.
Anyway, the point is that this move by Elon is a huge gamble. I imagine ultimately though he'll come out ahead.
~Alan Acta Non Verba NRA Life Member (Patron) God, Family, Guns, Country
Men will fight and die to protect women... because women protect everything else. ~Andrew Klavan
April 14, 2022, 07:36 PM
joel9507
The board will have to sell to him, or find someone willing to outbid him.
Doing the first would achieve Musk's stated goal. Doing the second would raise the value of his stock.
Heads he wins, tails he wins.
I do think if Musk takes control and makes Twitter something that no longer repels half the potential market, then Twitter will grow faster and maybe the stock price will recover.
His intentions may torque off some of the pinheads who work there and who have made the place so twisted...so much the better.
April 14, 2022, 07:41 PM
SIGnified
I think Tucker is on point tonight about Elon Musk.
The world is about to rain a gale force shit-storm on his head for this upsetting of the Apple carts of power.
"Pacifism is a shifty doctrine under which a man accepts the benefits of the social group without being willing to pay - and claims a halo for his dishonesty." ~Robert A. Heinlein
April 14, 2022, 07:47 PM
Jimbo Jones
Elon owns 10% roughly.
So the guy that owns 5 % of twitter stock doesnt want to sell. So what?
Im guessing if you are buying controlling interest in a company theres going to be someone who doesnt want to sell...so what...he doesnt need to buy 100% of the stock.
So all he needs to do is buy 40+ % of the stock and he has a controlling interest in the company.
What am I missing, besides a degree in finance?
--------------------------------------- It's like my brain's a tree and you're those little cookie elves.
April 14, 2022, 07:57 PM
SIGnified
As a public company you have specific regulations and obligations (SEC).
Far less so as a private company owned 100% by Elon, incorporating in some state of his choosing.
"Pacifism is a shifty doctrine under which a man accepts the benefits of the social group without being willing to pay - and claims a halo for his dishonesty." ~Robert A. Heinlein
April 15, 2022, 06:47 AM
Hildur
Musk is no longer the largest shareholder. Vanguard upped their position:
Interesting move. To me it's a move to put pressure on the board to accept the deal and make a quick buck because if Musk liquidates his stock it will likely tank and these guys don't like to lose money. I imagine the stoplosses set on Twitter is going to crash it unlike anything we've seen if the board doesn't accept the deal.
All we need now is for /WallStreetBets to use their ape power and push the price one way or the other using massive leverage to really F things up.
April 15, 2022, 06:51 AM
Patriot
I bought a few long options…
_____________________________ Pledge allegiance or pack your bag! The problem with Socialism is that eventually you run out of other people's money. - Margaret Thatcher Spread my work ethic, not my wealth
That was surprising to me. Just a drop in the bucket and folks are losing their minds.
You only have integrity once. - imprezaguy02
April 15, 2022, 07:15 AM
chellim1
quote:
Tucker is on point tonight about Elon Musk.
"Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown
"The United States government is the largest criminal enterprise on earth." -rduckwor
That was surprising to me. Just a drop in the bucket and folks are losing their minds.
Yeah, Twitter is not some long term money making powerhouse. Frankly, it's been struggling to make money and is continually losing users. So why does the Saudi kingdom reject a great offer to sell it and says it has huge growth prospects due to its intrinsic value? Because he knows it's more valuable in another way. Controlling speech.
If you think Musk is doing this primarily to make money, well there are much better ways to spend $40 billion to do that. There would seem to be something else motivating Elon Musk here...
~Alan Acta Non Verba NRA Life Member (Patron) God, Family, Guns, Country
Men will fight and die to protect women... because women protect everything else. ~Andrew Klavan
April 15, 2022, 08:24 AM
Lefty Sig
Vanguard is a member of the World Economic Forum and went woke trying to force boards of companies they have investments in to increase their diversity and other pressure tactics.
They are trying to stop Elon from getting a controlling interest.
April 15, 2022, 08:26 AM
SIGnified
John Q. Public is bigger than Vanguard…
Gonna be a fight
"Pacifism is a shifty doctrine under which a man accepts the benefits of the social group without being willing to pay - and claims a halo for his dishonesty." ~Robert A. Heinlein
April 15, 2022, 10:09 AM
Il Cattivo
quote:
Originally posted by Balzé Halzé: So why does the Saudi kingdom reject a great offer to sell it and says it has huge growth prospects due to its intrinsic value? Because he knows it's more valuable in another way. Controlling speech.
I'm sure that's a big part of it. Then again, Twitter seems to be huge and still growing fast in the Middle East and the Saudis may also see it as giving them access to a real-time intelligence source.
April 15, 2022, 10:17 AM
radioman
quote:
Originally posted by Lefty Sig: Vanguard is a member of the World Economic Forum and went woke trying to force boards of companies they have investments in to increase their diversity and other pressure tactics.
I'm sorry to hear that. VG has always been a go-to company for me. A place that could most always be trusted and had low fees, for the most part.
