Elon Musk Offers to Buy Twitter for $43 Billion

[engine]

Elon Musk has offered to buy Twitter for $43 billion, which is the equivalent of $54.20 per share.

Musk, 50, announced the offer in a filing with the U.S. Securities and Exchange Commission on Thursday, after turning down a potential board seat at the company. The billionaire, who also controls Tesla Inc., first disclosed a stake of about 9% on April 4.

Twitter said that its board would review the proposal and any response would be in the best interests of “all Twitter stockholders.”

[bloomberg.com...]

www.bloomberg.com Elon Musk Makes $43 Billion Unsolicited Bid to Take Twitter Private Billionaire entrepreneur Elon Musk offered to take Twitter Inc. private in a deal valued at $43 billion, lambasting company management and saying he's the person who can unlock the -śextraordinary potential-ť of a communication platform used daily by more than 200 million people.

[motorhaven]

The "old Twitter" didn't go on on temper tantrums, manic-depressive swings and narcistic rants. Its interesting watching him and Twitter implode.

[tangor]

Heh! Cheering the demise of T is one of those "beware what you ask for, you just might get it" kind of things.

Seriously, it takes time to settle an acquisition, get staff on line to the "new way", and continue. Haven't seen too many smooth transitions in the past 50 years, much less the high tech sector.

[Sgt_Kickaxe]

The "old Twitter" didn't go on on temper tantrums, manic-depressive swings and narcistic rants.

Umm, what Twitter were you on? Every time a comedian told a joke or a prominent white person said anything the threads devolved right to KKK and Hitler talk.

That's been the problem with Twitter - people have the wrong impression of what's actually going on outside their narrow windows tailored for them. Look at all of the media "news" prior to Elon buying Twitter complaining and ranting about everything.

I've typed "Twitter isn't news" for nearly a decade... it still isn't.

[motorhaven]

[Heh! Cheering the demise of T is one of those "beware what you ask for, you just might get it" kind of things.

It sounds like you're inserting your version of what I said rather what I actually said. Saying something is interesting is not cheering it's demise.

[motorhaven]

Umm, what Twitter were you on?

I was talking about the leadership[ at Twitter.

Twitter's prior leadership didn't make this many mistakes, this fast. So many of Elon's recent decisions have been based on knee-jerk egotism. Ironically, his reactions make him look like what he's trying to avoid looking like. Reminds me of a former president.

Every time a comedian told a joke or a prominent white person said anything the threads devolved right to KKK and Hitler talk.]

Maybe if there wasn't so quiet acceptance of the KKK and Hitler from the right, coming from the far right, it wouldn't devolve into that sort of thing?

[tangor]

@motorhaven ... sorry you took it that way. Meant as a generic, not personal (to you), comment. There are many out there seeking the failure of t ... and if that should actually happen a whole lot of voices will no longer have an internationally recognized platform to say whatever it is they wish to say. Anything else out there in the same category/platform is running way way less than second best for the reach and membership.

[not2easy]

Anything else out there in the same category/platform is running way way less than second best for the reach and membership.

Yes, but those others are growing.

[motorhaven]

@motorhaven ... sorry you took it that way. Meant as a generic, not personal (to you), comment. There are many out there seeking the failure of t ... and if that should actually happen a whole lot of voices will no longer have an internationally recognized platform to say whatever it is they wish to say. Anything else out there in the same category/platform is running way way less than second best for the reach and membership.

There are many alternatives out there. I don't believe we need a highly centralized Internet for news. I said it before Elon took over and will say it again now: Twitter is not the public square, nor are any of these social platforms. News and information distribution won't suddenly dry up if Twitter closed today without warning. The world will go on.

I've never used Twitter, Instagram, or any other social platforms for news, and do not plan to - and its never given me the least bit of difficulty finding news.

BTW... Elon strikes again. Announced you can't mention or link to other social media platforms. This includes not mentioning a user name you use elsewhere, or using things like "dot" to obfuscate links. Free speech absolutist, or free speech abolitionist?

[Sgt_Kickaxe]

There are many out there seeking the failure of t ... and if that should actually happen a whole lot of voices will no longer have an internationally recognized platform to say whatever it is they wish to say.

Thanks for that insight t ... whatever it is t ... should fail for so "a lot of people" don't have to hear "whatever" from "voices".

The problem ON Twitter is a problem between people not respecting each other. The intolerance is happening everywhere and "many" don't even notice when "they" do it anymore, somehow they seem to think it's OK to disrespect.

Leadership is actually encouraging it.

I'm not on Twitter either, I don't need to be to live in the real world. Twitter is just that place that, for now, one side can't say whatever they wish, including being condescending, without hearing it back. It's easier to silence people than to listen to them, I get it, but in the end that doesn't work, it literally brings worse.

[motorhaven]

Yeah, ask many American libraries about things being silenced these days (and who's doing it). No good ever comes of it, it doesn't work, it literally brings worse, and "leadership" is actually encouraging it. That's in the real world with public property (the books), on public property (the library). Often with real world threats made towards people, especially the librarians.

Using government to censor is a real first amendment threat. A private sector company choosing what subjects they disallow is not. Its tragic many so-called free speech advocates are silent about (or openly approve of) the former.

[aristotle]

I read that a lot of big advertisers deserted twitter to protest Musk's decision to reinstate Trump's account. But Trump has a contract with another social network that requires him to post a message there at least six hours before he posts it anywhere else.

I also read that it's mostly liberals that have been buying Teslas, but now that Musk has revealed himself as a right-winger, Tesla's sales have drastically dropped.

In other words, Musk seems to be shooting himself in the foot.

[motorhaven]

The big advertisers pulled out after the mass banned account reactivation, and the huge spike of tracked racist content after it happened. The big advertisers that made statements generally said they were worried about brand safety and their ads being near such content --- not about Trump.

Telsa has actually been seeing downward sales before this. Due to competition (for example Ford not being able to keep up with demand for the new Lightning), poor reliability ratings including the "poor" rating from Consumer Reports. Unlike cars like the Prius, the Telsa's sales demographic data has about an equal number of Republicans as Democrats. People who buy Telsas haven't been primilarily "eco" buyers, they've been people wanting the high performance.

[not2easy]

After being settled for over a year, this thread had strayed away from discussing the topic of "Elon Musk Offers to Buy Twitter for $43 Billion" and was moving into ad hominem issues rather than the original topic which is old news now.