What's interesting about this, is that Truth Social uses the ActivityPub protocol. The ActivityPub protocol allows interoperability between different social networks. If Elon were able to buy twitter and make twitter implement ActivityPub, then users on TruthSocial would be in theory be able to view tweets and likewise, twitter users could view Truth Social posts...
You know, now that I think about it. I uncovered some official looking court documents last year that made some wild claims regarding Musk having to forfeit half his net worth as punishment for his assistance in conspiracy and other crimes, and was allowed to keep the other half of his worth only if he agreed to use it for the restoration of humanity.
I dismissed it back then as probably computer generated and fake material because it looked too good to be true and listed dozens of deep state players on an official government court docket. But good lord maybe I should see if I can dig up those papers.
Because Twitter is a public stock. Normal people pay into 401k's and give their money to mutual fund investors that in turn put that money into companies like Twitter. Twitter's board of directors primary function is to make their shareholders money. If the board makes decisions contrary to this, they can be fired and sued by the people they claim to represent. They don't have much of a legal choice at this point. I'm waiting for Blackrock/Vanguard to retaliate with a an offer that one-ups Elon's, to let the board of directors "off the hook".
two..
Vanguard is in a tougher spot than Twitter.
The board works for Twitter and must act on best interest of twitter.
Vanguard works for the American people and are the biggest holder of pension funds. Vanguard's board is responsible for not just making decisions for it company (like Twitter's board), it's also contractually obligated to making a profit and not losing the money it manages.
Vanguard starts declining offers, they have to deal with at least 3 possible negative things.
First, their positions on the Vanguard board and getting fired from that.
Second, the companies legal responsibility to their customers.
Third and not least, the prospect of the people YANKING pension money out of Vanguard funds and forcing them to start selling off stocks.
When they start selling off stocks, those stocks will start to plummet across their entire portfolio as every starts from them.
They will be the plague.
I'm sure lots is happening. Not sure how long they can stretch their answer out will be, but I don't think there is a benefit to not stretch it out as long as possible.
41.39 billion dollars
4+1+3+9 = 17
BOOM
What's interesting about this, is that Truth Social uses the ActivityPub protocol. The ActivityPub protocol allows interoperability between different social networks. If Elon were able to buy twitter and make twitter implement ActivityPub, then users on TruthSocial would be in theory be able to view tweets and likewise, twitter users could view Truth Social posts...
"King's". She is a He.
My wife is a man.
Um... we know Barry, we know.
$54.20 is not £70.80
They reversed it. :-D Typo? or a reflection of the level of idiocy in the world?
You know, now that I think about it. I uncovered some official looking court documents last year that made some wild claims regarding Musk having to forfeit half his net worth as punishment for his assistance in conspiracy and other crimes, and was allowed to keep the other half of his worth only if he agreed to use it for the restoration of humanity.
I dismissed it back then as probably computer generated and fake material because it looked too good to be true and listed dozens of deep state players on an official government court docket. But good lord maybe I should see if I can dig up those papers.
Dig it fren! Dig it! It's definitely worth exploring.
Thanks for reminding me. I'm gonna dig through all my downloaded files from the past year.
Good catch. Worth looking into. Thanks
Because Twitter is a public stock. Normal people pay into 401k's and give their money to mutual fund investors that in turn put that money into companies like Twitter. Twitter's board of directors primary function is to make their shareholders money. If the board makes decisions contrary to this, they can be fired and sued by the people they claim to represent. They don't have much of a legal choice at this point. I'm waiting for Blackrock/Vanguard to retaliate with a an offer that one-ups Elon's, to let the board of directors "off the hook".
Since we know Blackrock/Vanguard owns everything I was wondering too what their play would be.
couple things to add...
Vanguard owns Blackrock, so they speak as one...
two.. Vanguard is in a tougher spot than Twitter. The board works for Twitter and must act on best interest of twitter. Vanguard works for the American people and are the biggest holder of pension funds. Vanguard's board is responsible for not just making decisions for it company (like Twitter's board), it's also contractually obligated to making a profit and not losing the money it manages.
Vanguard starts declining offers, they have to deal with at least 3 possible negative things. First, their positions on the Vanguard board and getting fired from that. Second, the companies legal responsibility to their customers. Third and not least, the prospect of the people YANKING pension money out of Vanguard funds and forcing them to start selling off stocks.
When they start selling off stocks, those stocks will start to plummet across their entire portfolio as every starts from them. They will be the plague.
In fact, Hegelian dialectic tells us MSM would assault Musk to convince the public he's on their side.
But noffing is happening!
I'm sure lots is happening. Not sure how long they can stretch their answer out will be, but I don't think there is a benefit to not stretch it out as long as possible.
Watch sellof/liquidity events. https://qposts.online/post/1718
https://www.nationalworld.com/news/people/elon-musk-tesla-boss-offer-buy-twitter-what-is-it-worth-who-owns-it-valuation-stock-share-price-3655359