Dow Jones is reporting Twitter is mulling the idea of a poison pill to stop a potential Musk takeover, which is paving the grounds for war and turning this into a hostile fight. This is very reminiscent of the Yahoo proxy fight, which ended with shareholders getting 100% fucked.
Meanwhile, Musk is at a Ted Talk and chatting away on his overture.
Musk asked if there is a Plan B on twitter: “there is”
Musk: “the truth matters to me pathologically”
MUSK: `I HAVE SUFFICIENT ASSETS; I COULD DO IT IF POSSIBLE’
MUSK: IF SPEECH IS IN A GRAY AREA, LET IT EXIST
MUSK: TIMEOUTS FOR QUESTIONABLE SPEECH IS BETTER THAN BANSMUSK: `NOT SURE I’LL ACTUALLY BE ABLE TO BUY’ TWITTER
MUSK: `I COULD TECHNICALLY AFFORD IT’
MUSK: `I DON’T CARE ABOUT THE ECONOMICS AT ALL’Elon Musk: Twitter should open source the algorithm so there is no manipulation: TED Talk
MORGAN STANLEY WOULD PROVIDE SOME DEBT FINANCING FOR MUSK, TWITTER BID: DJ
Shares of TWTR are flat for the session, down around 1.5% since these comments came out. As of now, investors do not think this deal gets done.
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Elon should build his own twitter killer
His disciples would sign up immediately
Why? Taking away theirs is more fun.
I’d rather see it wither on the vine from from the competition