Things that made you laugh today (Political Version)

[Seran]

They realized they were going to be sued by investors if they didn't take the deal. They probably delayed just enough to consult lawyers and such.

basically, the buyout is for 50% more than the stocks are worth. It'd be a failure of their fiduciary responsibility if they didn't take it. I mean, if every stockholder decided it was cool, there is no issue, but with as many people owning stock, there'd undoubtedly be some that did.

Twitter stock closed at $51.70 today, the tentative offer is $54.20 per share. Please show us how that's 50% more than it's worth.

[Seran]

Twitter stock closed at $51.70 today, the tentative offer is $54.20 per share. Please show us how that's 50% more than it's worth.

For the record, shareholders must approve the sale and then it's up for Federal approval of the deal. Given the shenanigans Elon Musk already has with the SEC,, and Justice, I don't think it'll be as cut and dry as many imagine.

[Parkbandit]

Twitter stock closed at $51.70 today, the tentative offer is $54.20 per share. Please show us how that's 50% more than it's worth.

Look at when Elon Musk bought 9% of the stock.. and at what price.

SPOILER: March 4th. Price was $33.39

Look at when Elon Musk's purchase went public.

SPOILER: April 4th. Price was 39.31

What it closed at today is meaningless.

[Parkbandit]

For the record, shareholders must approve the sale and then it's up for Federal approval of the deal. Given the shenanigans Elon Musk already has with the SEC,, and Justice, I don't think it'll be as cut and dry as many imagine.

Shareholders will accept it.

Feds won't have a choice but to accept it.

I know this is upsetting news for you.. but here's a silver lining: Trump's social media company will go tits up after this sale goes through.

And isn't that what is really important to you?

[Alfster]

Which is weird. Did they really think Elon Musk couldn't get the money together or what? Something else must have been going on.

My take is the board looked at what he did with Tesla and assumed this was another bluff. The second he had funding set up they took an actual look at the offer.

Don't think they were thrilled with how he failed to disclose what he owned until after he got to 9% off the shares. They probably looked at it as an attempt at a hostile takeover rather than one with actual funding behind it. Given his securities issues in the past, the board agreed accordingly until financing was in the table

[Parkbandit]

I wonder how long it will be after the sale that Democrats will be talking about regulating social media platforms...

[Seran]

Look at when Elon Musk bought 9% of the stock.. and at what price.

SPOILER: March 4th. Price was $33.39

Look at when Elon Musk's purchase went public.

SPOILER: April 4th. Price was 39.31

What it closed at today is meaningless.

$33.99 - 54.20 is not 50%. Nor is what he paid to purchase a 9% stake at all relevant to purchasing a 100% stake. Nice failed attempt at pass interference.

[Parkbandit]

$33.99 - 54.20 is not 50%. Nor is what he paid to purchase a 9% stake at all relevant to purchasing a 100% stake. Nice failed attempt at pass interference.

I don't want to tell him.....


Someone should though...

I can't because at this point it's like I'm just making fun of the retard.

[Alfster]

$33.99 - 54.20 is not 50%.

You're ironically right. It's actually closer to 60%.

[Parkbandit]

You're ironically right. It's actually closer to 60%.