Twitter's all hands meeting to discuss the Elon Musk hostile takeover just wrapped up! Whaddya think they talked about, guise? (see too comment)
(media.greatawakening.win)
BREAKING NEWS
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Brian Cates:
The staff is going to insist the board turn Musk’s offer down.
They see themselves as the tip of the spear in the culture war.
They actually want to expand all the censorship they’ve been doing, exert more control over the flow information and dialogue on the platform.
They’ll threaten a mass walkout if the board takes the offer. Many of them will refuse to work for Elon Musk as he changes the censorship regime they’ve put a lot of effort into building.
But if the board doesn’t take the offer?
Elon dumps his stock and destroys Twitter.
So it’s a hostile takeover or obliteration.
I like these choices.
[starts popping 🍿]
Cognitive Carbon:
I saw this coming. When the tussle happened over Elon joining the board as the largest minority shareholder, the pushback from Parag was something along the lines of "well, we'd welcome you the board, surely! Hehe. But, see...there's this fiduciary responsibility thing, don't you know, where as a board member you can't Tweet things that 'harm' the company and reduce shareholder value. So...you're welcome to join the board! On our terms! "
The rest was a foregone conclusion. If he tenders an offer above market (which he did) and they turn it down, it is their breech of fiduciary responsibility that now comes into play. They cannot turn it down. They must accept, or find a better offer (which they won't get.) So he buys the whole thing, and then fires the board and all the officers.
Checkmate
As the CEO and majority shareholder of a then-privately held Twitter, do you know what stops Elon from merging it with DWAC? If you said "nothing"...you'd be close to right.
Board has a fiduciary duty to do whats best for INVESTORS not the crybaby faggots that work there. If an offer at 30% over value is not in the investors best interest I don't know what is.
You had me at crybaby faggots
Hehe, can't help myself <evil grin>
https://googlethatforyou.com?q=fiduciary%20responsibility%20definition
I believe if the board block a reasonable offer, ie, working AGAINST those who invested much in the company, then there are severe consequences.
2 weeks grounded at least
Crybaby faggots ,,brahaaahaha Please let's make shirts !
But what happens if the board breaks their fiduciary obligation? Are there some penalties? Suppose they refuse Musk bid and Musk drops all his shares, destroying Twitter, does the SEC prosecute the Twitter board or something?
They can be personally sued. The board D&O can cover, but ultimately there is a cap - it is why board members are encouraged to buy personal umbrella coverage.
Good summary:
https://www.thehartford.com/management-liability-insurance/d-o-liability-insurance/explained
Yep. Unbelievable.
"Too big to fail" has always been a shitty saying the DS pushed on us. We are about to see it's not even factual, and just another play in their talking point playbook.
The board must extend their Musk mandate for another few weeks.
I'll see myself out.
😂👏🏻
Good one!
“I’m here all week” lol
Yes. Sound like a bunch of spoiled teenagers.
Make em put on a pair of work boots and earn a living for a year or two, that may help.
Maybe they'll have to work at the same coffee shops they've frequented, but under the same people they've treated like shit for years...
Dump/nuke share price also caused a hostile takeover. Companies and rich individuals are looking for the crash to buy it all
The TL;DR could be "Twatter bigwigs aren't good at chess" :P
Pretty hard to do either when you keep trying to get rid of all the white squares
And hiding the rulebooks
Is that the game where you compete to see how many cocks you can get into your ass at once? Cuz I think they’re pretty good at that one.
Obama, where art thou?
Hungry Hungry Hippos came to mind
A 6 year old would beat them at connect four.
I was thinking Tic-Tac-Toe.
Elon just did a Ted talk and said his highest priorities are making the algorithms publicly available like on Github, and purging all bot accounts.
If you get rid of bot traffic, I will bet traffic drops by 60%.
And a TON of Chinese suddenly get out of of work
I mean public any and all mod actions - not that hard
Even Big Ben Clock Tower?
^5
I think if Musk succeeds. The first thing he should do is hand out pink slips to everyone who works there and then bring in his own people!
It will be fun to watch this happen.
These tech companies took over by pretending to want to just monetize certain aspects of the internet that they wanted to control. The truth eventually comes out.
I thought they got a better offer, no?
"The staff is going to insist the board turn Musk’s offer down." what the fuck? that's certainly not how it works at my company. The board makes the decisions and tells the staff, not the other way around.
That's the art of the deal for you.
How does this work? Thanks.
what is DWAC?
Remember it's bin Salman who controls Al-Waleed's Twitter shares, not Al-Waleed. According to Q, they froze Al-Waleed's assets.
And so Musk may just ultimately be an agent and catalyst for a further galvanizing of the world's largest speech platform to further ensure the free flow of information and ideas prior to ~Oct 2020 never happens again.
What's stopping a better offer than Musk from showing up? Give them enough rope, then let them hang themselves.
Elon had some very interesting things to say...and quite to the point...
"Twitter needs to be transformed as a private company."
'This is not a threat'
Man, I'd love to see another billionaire just as wealthy as Elon Musk do this to the big pharma companies.
please destroy twitter, please please pleaseeeeeeeee
They can absolutely turn it down, musk not taking over won’t be the end of Twitter.
If he dumps his stocks it will end Twiiter
Indeed, the elites have access to sums that would dwarf Elons fortune.Black budget, CIA money etc.
Dump it and short it
He said he has a plan B if his offer isn't accepted.
Dumping his stock could be plan b
Lets think about this.
As far as Musk and DWAC, why would he merge it with DWAC if he controlled it? It's not like DWAC has some vast trove of users that Twitter needs or some amazing technology Twitter would want to license.
Do you guys think that Elon would actually merge with DWAC? He hasn't come out as pro-Trump.
Why would he come out as pro-Trump? That would compromise the strategy.
If he does merge it with Trump. The press would slam the move. Calling it a strategy between Musk and Trump.
Musk seems like he wants to stay neutral at all times. In order to stay neutral.
He would need to take Twitter down it's own path without Trump.
Musk doesnt need to take over Twitter to make money. He has already shown he can change markets with one posting. This looks to be an idealogical move. I dont trust Musk and often consider him a gray hat at best, but It is a great show in the mean time.
He's going to take Twitter down to nothing.
And I'm fine with that.
He will make the best deal for himself as usual, I think. That's how you get to be super rich, concentrate on business openings, not personal stuff. He just bought all the lemons and we will find out what kind of lemonade he is going to peddle from it.
Can we revisit this thread when Musk is not in control of Twitter and Twitter has not been destroyed?