Elon Musk makes offer to buy Twitter - page 12.

SpenserReed

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Quote from: Oshosondy on April 15, 2022, 04:15:48 AM

Like two days ago, Elon Musk in an interview says Twitter ads be better to be paid in bitcoin. Elon Musk has 82.4 million shares of Twitter which is 10.3% of Twitter. Recently he wants more of Twitter and wants to buy Twitter.

Quote from: https://www.bbc.com/news/business-61104231

Tesla boss Elon Musk has offered to buy Twitter, saying he is the right person to "unlock" the social media platform's "extraordinary potential".

In a surprise announcement, Mr Musk said he would pay $54.20 a share for Twitter, valuing it at about $40bn. It recently emerged that Mr Musk was Twitter's biggest shareholder after he built up a large stake in the firm. He said that if his offer was not accepted: "I would need to reconsider my position as a shareholder".

We all know how deceitful Elon Musk can be, all he cares about is doge coin, not bitcoin, even doge coin rose when he bought shares on Twitter, he is only looking for ways to make doge popular and this can be effective if he owns Twitter. I believe he will fail because Twitter is never like Facebook and will never be like Facebook. His aim will only be towards making doge the dominant coin Twitter will be accepting just as he did with Tesla after his bitcoin criticism which he was wrong about but just wanted to fool people.

I doubt twitter will fail. It will continue to be a popular social network, but the question is different. Is it worth buying Twitter shares if Musk bought them. For me the answer is no. The company is worth $36 billion and doesn't make any profit. Undecided

qwertyup23

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Quote from: Oshosondy on April 15, 2022, 04:15:48 AM

We all know how deceitful Elon Musk can be, all he cares about is doge coin, not bitcoin, even doge coin rose when he bought shares on Twitter, he is only looking for ways to make doge popular and this can be effective if he owns Twitter. I believe he will fail because Twitter is never like Facebook and will never be like Facebook. His aim will only be towards making doge the dominant coin Twitter will be accepting just as he did with Tesla after his bitcoin criticism which he was wrong about but just wanted to fool people.

I think I read somewhere that Elon Musk mentioned that Twitter should be a "private company." Though I have no idea about his goals in general, it is heavily implied that everything he does is with regard to increasing the price of doge in the future.

As a madman that he is, Elon Musk would definitely do anything in order to profit in the end.

Quote from: Flexystar on April 15, 2022, 05:49:03 AM

I think Elon should not be buying Twitter. Honestly it is not his business line. Yes I understand that he is billionaire and he could do any dam thing he wants to do. It’s not big deal for him to buy twitter considering twitter is valued at $36 bln while Elon holds 10% shares meaning he gets that much discount instantly.

However, it would really put Twitter share market value at risk. His mind only works best in tech stuff, and in crypto space he would definitely look after DOGE. But assuming the history, lot of people have lost money due to Elons act of doge tweets! Rest we know how everyone will react.

I am assuming that he will definitely purchase Twitter and let his team handle all the complexities and technicalities of the business. At the end, he would sell his remaining shares and just profit at the end which may yield him hundreds of millions of dollars in the future.

Flexystar

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I think Elon should not be buying Twitter. Honestly it is not his business line. Yes I understand that he is billionaire and he could do any dam thing he wants to do. It’s not big deal for him to buy twitter considering twitter is valued at $36 bln while Elon holds 10% shares meaning he gets that much discount instantly.

However, it would really put Twitter share market value at risk. His mind only works best in tech stuff, and in crypto space he would definitely look after DOGE. But assuming the history, lot of people have lost money due to Elons act of doge tweets! Rest we know how everyone will react.

dimonstration

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Quote from: Kakmakr on April 15, 2022, 05:27:16 AM

I think the "reconsidering of his shareholding" has more to do with the fact that he realized that he cannot influence the Twitter board with only a 10% of the total shares and that he cannot be on the board and have more than 10% of the shares. So he said, he does not want to be on the Board, so that he can buy more shares.

Even if he has more than 10% of the shares, he will still not influence the Board to make huge changes to the platform. I cannot see why he cannot hire skilled developers to create a "Twitter" like platform, where he has the majority shares and most of the power to steer his visions for that platform. (The guy took on NASA and won.... why not large social media platforms?) Huh

Probably developing social media platform is not his type. He will do it if he really wants it. Elon a brilliant man and he can get whatever he dream like what he achieved on SpaceX. I believe he is just provoking the Twitter board for there recent behavior towards Elon. He knows that Twitter owner will never sell it to him. He is just teasing that he can buy them so don’t get cocky on me.

Leo

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It's a huge figure, If WhatsApp went for over $19 billion,then,Twitter should go beyond the $100 billion mark. Anything below 100 billions USD is a bad sell out! He can reconsider his shares if he likes or go build his own Twitter if he so much wants a free public speech. I think that Jack won't give him that power he's looking for in other tech space. Jack has done wonderfully well with Twitter though.

Kakmakr

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I think the "reconsidering of his shareholding" has more to do with the fact that he realized that he cannot influence the Twitter board with only a 10% of the total shares and that he cannot be on the board and have more than 10% of the shares. So he said, he does not want to be on the Board, so that he can buy more shares.

Even if he has more than 10% of the shares, he will still not influence the Board to make huge changes to the platform. I cannot see why he cannot hire skilled developers to create a "Twitter" like platform, where he has the majority shares and most of the power to steer his visions for that platform. (The guy took on NASA and won.... why not large social media platforms?) Huh

Oluwa-btc

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He will fail woefully, I have seen tweets about him not being a true lover of Bitcoin, despite holding a huge amount of Bitcoin.
Zero arguments he's a pretty good influencer of whatever coin, but twitter doing much better and ion think they'll sell though.
And why do I feel like we've the the owner of twitter in this community ? Might be wrong though. Why should he even sell Twitter ? Why ?
Wayward move!!
I have seen Twitter is one of the major influencers of Bitcoin.

If he do really wants to get something huge, then he should go make offer's to buy Manchester United.

Oshosondy

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Gamble responsibly

Like two days ago, Elon Musk in an interview says Twitter ads be better to be paid in bitcoin. Elon Musk has 82.4 million shares of Twitter which is 10.3% of Twitter. Recently he wants more of Twitter and wants to buy Twitter.

Quote from: https://www.bbc.com/news/business-61104231

Tesla boss Elon Musk has offered to buy Twitter, saying he is the right person to "unlock" the social media platform's "extraordinary potential".

In a surprise announcement, Mr Musk said he would pay $54.20 a share for Twitter, valuing it at about $40bn. It recently emerged that Mr Musk was Twitter's biggest shareholder after he built up a large stake in the firm. He said that if his offer was not accepted: "I would need to reconsider my position as a shareholder".

We all know how deceitful Elon Musk can be, all he cares about is doge coin, not bitcoin, even doge coin rose when he bought shares on Twitter, he is only looking for ways to make doge popular and this can be effective if he owns Twitter. I believe he will fail because Twitter is never like Facebook and will never be like Facebook. His aim will only be towards making doge the dominant coin Twitter will be accepting just as he did with Tesla after his bitcoin criticism which he was wrong about but just wanted to fool people.

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