User Name
Password
AppleNova Forums » AppleOutsider »

Elon Musk to buy Twitter, take company private


Register Members List Calendar Search FAQ Posting Guidelines
Elon Musk to buy Twitter, take company private
Page 1 of 10 [1] 2 3 4 5  Next Last Thread Tools
psmith2.0
Mr. Farmiga
 
Join Date: May 2004
Location: Tennessee
 
2022-04-14, 09:04

**These People All Deserve Each Other News**

Elon Musk offers to buy Twitter for $43 billion



$43M, with an "m", would be ridiculous, IMO. But $43 billion? For Twitter?!

Whackjobs, everyone involved.

  quote
chucker
 
Join Date: May 2004
Location: near Bremen, Germany
Send a message via ICQ to chucker Send a message via AIM to chucker Send a message via MSN to chucker Send a message via Yahoo to chucker Send a message via Skype™ to chucker 
2022-04-14, 09:47

In terms of technological complexity, yes. In terms of value, well. It has close to a quarter billion daily average users. Kinda lucrative to serve ads to those. If you break it down like that, each user is worth just $198.

Facebook bought WhatsApp for $19B, which seemed like a lot but was clearly a smart move.
  quote
kscherer
The Ban Hammer
 
Join Date: Aug 2004
Location: Boyzeee
 
2022-04-14, 10:45

Elon Musk has a tendency to make things work.

The success of his businesses, his net worth, and his management style are proof that he knows what he's doing, even if he's a bit … off.

- AppleNova is the best Mac-users forum on the internet. We are smart, educated, capable, and helpful. We are also loaded with smart-alecks! :)
- Blessed are the peacemakers, for they shall be called sons of God. (Mat 5:9)
  quote
chucker
 
Join Date: May 2004
Location: near Bremen, Germany
Send a message via ICQ to chucker Send a message via AIM to chucker Send a message via MSN to chucker Send a message via Yahoo to chucker Send a message via Skype™ to chucker 
2022-04-14, 10:55

Eat the rich.
  quote
PB PM
Sneaky Punk
 
Join Date: Oct 2005
Location: Vancouver, BC
Send a message via Skype™ to PB PM 
2022-04-14, 14:44

Quote:
Originally Posted by kscherer View Post
Elon Musk has a tendency to make things work.

The success of his businesses, his net worth, and his management style are proof that he knows what he's doing, even if he's a bit … off.
A bit?
  quote
Ryan
Veteran Member
 
Join Date: May 2004
Location: Promise Land of Trustafarians
 
2022-04-14, 15:47

Quote:
Originally Posted by psmith2.0 View Post
**These People All Deserve Each Other News**

Elon Musk offers to buy Twitter for $43 billion



$43M, with an "m", would be ridiculous, IMO. But $43 billion? For Twitter?!

Whackjobs, everyone involved.



And that's all I can say on the matter.

Last edited by Ryan : 2022-04-14 at 19:20.
  quote
Ryan
Veteran Member
 
Join Date: May 2004
Location: Promise Land of Trustafarians
 
2022-04-18, 18:42

Quote:
Originally Posted by Ryan View Post


And that's all I can say on the matter.
Just gonna leave this here.

https://www.bloomberg.com/opinion/ar...oison-pill-now

Quote:
Lawyer: The pill will be structured to let other shareholders buy a large amount of stock at a discount to dilute Musk’s stake.

Twitter: How much stock?

Lawyer: It doesn’t really matter, but a lot, enough to swamp Musk. Typically the exercise price would be like $100 to $200, and you’d get twice as much stock, like, $200 to $400 worth.

Twitter: We are defending against Elon Musk here and ordinary tactics are not enough. We need to harness the power of the number 420.

Lawyer: Okay then $420 worth of stock, whatever.
  quote
kscherer
The Ban Hammer
 
Join Date: Aug 2004
Location: Boyzeee
 
2022-04-19, 10:55

I wonder if this is a strategic move on Elon Musk's part. Twitter's going to devalue their stock and saturate the market with it to keep from getting taken over?

If you own it, this would be a good time to sell off Twitter, methinks.

- AppleNova is the best Mac-users forum on the internet. We are smart, educated, capable, and helpful. We are also loaded with smart-alecks! :)
- Blessed are the peacemakers, for they shall be called sons of God. (Mat 5:9)
  quote
Ryan
Veteran Member
 
Join Date: May 2004
Location: Promise Land of Trustafarians
 
2022-04-21, 19:24

Quote:
Originally Posted by kscherer View Post
I wonder if this is a strategic move on Elon Musk's part. Twitter's going to devalue their stock and saturate the market with it to keep from getting taken over?

If you own it, this would be a good time to sell off Twitter, methinks.
I would just like Elon to fuck right off but it's not up to me.
  quote
turtle
Lord of the Rant.
Formerly turtle2472
 
Join Date: Mar 2005
Location: Upstate South Carolina
 
2022-04-25, 11:02

So it is sounding more and more like Musk is going to buy Twitter for the cash offer. Article after article this morning make it look real. We will soon know for sure I'm guessing.

Louis L'Amour, “To make democracy work, we must be a notion of participants, not simply observers. One who does not vote has no right to complain.”
MineCraft? mc.applenova.com | Visit us! | Maybe someday I'll proof read, until then deal with it.
  quote
Ryan
Veteran Member
 
Join Date: May 2004
Location: Promise Land of Trustafarians
 
2022-04-25, 11:05

fffffffffffffffffffffffffffffuuuuuuuuuuuuuuuuuuuuu uuuuuuuuuuuuu

Trying to buy a house in the middle of his shenanigans and I would very much like him to go away.
  quote
turtle
Lord of the Rant.
Formerly turtle2472
 
Join Date: Mar 2005
Location: Upstate South Carolina
 
2022-04-25, 12:48

Quote:
Originally Posted by Ryan View Post
fffffffffffffffffffffffffffffuuuuuuuuuuuuuuuuuuuuu uuuuuuuuuuuuu

Trying to buy a house in the middle of his shenanigans and I would very much like him to go away.
Mind if I ask why you want him to go away? I'm pretty sure I read you work for Twitter but I don't understand why you would care in the end because your job likely wouldn't change. Heck, you might even make more money in the end since making shareholders happy would no longer be a concern.

Louis L'Amour, “To make democracy work, we must be a notion of participants, not simply observers. One who does not vote has no right to complain.”
MineCraft? mc.applenova.com | Visit us! | Maybe someday I'll proof read, until then deal with it.
  quote
Ryan
Veteran Member
 
Join Date: May 2004
Location: Promise Land of Trustafarians
 
2022-04-25, 13:08

Some of my concerns are as an employee. Musk's other companies pay far less than Twitter, have far worse work-life balance, don't allow remote work and a host of other policies that are far less generous than Twitter's. If we end up with an equity comp plan anything like Tesla or SpaceX, I'll be looking at a 50% pay cut. Which is to say I'll leave for another company that pays what I make now—Twitter already pays below market compared to our peer companies and I'll probably get a nice raise when I jump ship.

Others are as someone who has serious concerns over his ownership of the platform. This creates another Zuckerberg-like situation where one person has total control for life. I don't think that's a good thing.

He also clearly has zero understanding of what it takes to operate this product at global scale. Content moderation is a hell of a lot more complicated than "just allow free speech". His interview at TED last week made clear that his thoughts on the subject are naive at best.

He's also someone who has no respect for free speech. Tesla leaned on the Chinese government to get posts critical of the company removed from Chinese social media. Will he demand the same of Twitter? He once swatted a Tesla employee who whistleblew to the feds. Will he do the same to us?
  quote
turtle
Lord of the Rant.
Formerly turtle2472
 
Join Date: Mar 2005
Location: Upstate South Carolina
 
2022-04-25, 14:02

I can see how those would be concerning for you. I don't use Twitter so I personally don't care what happens to it in the least.

While I don't agree with all your points, I do see how they would be concerning to you. Though it sounds like you will end up moving to a better pay in the end no matter how this turns out so that isn't likely a bad thing.

Per Engadget, it has happened! PRNewswire Version
Quote:
Twitter has accepted Elon Musk's buyout offer. Musk is purchasing the social media giant for $54.20 per share, or about $44 billion. Musk is taking the company private, as expected.

Louis L'Amour, “To make democracy work, we must be a notion of participants, not simply observers. One who does not vote has no right to complain.”
MineCraft? mc.applenova.com | Visit us! | Maybe someday I'll proof read, until then deal with it.
  quote
kscherer
The Ban Hammer
 
Join Date: Aug 2004
Location: Boyzeee
 
2022-04-25, 14:05

I was just going to post that. It's a done deal, now. So, pack your bags, Ryan.
  quote
Ryan
Veteran Member
 
Join Date: May 2004
Location: Promise Land of Trustafarians
 
2022-04-25, 15:04

Already looking for a life boat.
  quote
psmith2.0
Mr. Farmiga
 
Join Date: May 2004
Location: Tennessee
 
2022-04-25, 15:22

If I had $44B to blow on something, it sure as shit wouldn't be Twitter, ffs. I can think of about 792,000 other things I'd throw in my basket first.
  quote
Matsu
Veteran Member
 
Join Date: May 2004
 
2022-04-25, 15:32

Crazy rich megalomaniac takes public company private... probably not a good thing. Personally, I never gave a warm shat about twitter anyway, but I do care about how platforms traffic in information and the consequences that has for societal understanding of issues. We've seen how social media can supercharge disinformation even where legit sources congregate in the same platforms as less well schooled and perhaps less honest brokers.

I always thought it was weird how government and public institutions interacted with social media platforms anyway. The need, real and perceived, to reach out to constituencies over social media platforms seemed fraught with issues - in ways that differed in comparison to the mechanisms utilized for communicating through "the press" and TV/Radio.

It has users (and their data), and content publishers/posters (and their data). I don't know enough about valuing these things (clearly) but my guess is that the value comes from curating the experience in a way that attracts users. Too little restriction or too much would both conceivably effect its capacity to attract users in different ways, but we'll see. I usually take a pass on "Elon says blah blah whatever about xyz..." type news stories. He's not terribly interesting to me, but what he thinks about truth and accuracy of information and freedom of speech are suddenly relevant. hmmm...
  quote
turtle
Lord of the Rant.
Formerly turtle2472
 
Join Date: Mar 2005
Location: Upstate South Carolina
 
2022-04-25, 15:40

I don't know, few people complained when Dell was going private again. It is public again last I saw, but it wasn't a big deal. It just means changes can happen without shareholders suing.

Really, this seems to boil down to politics which is really funny. Some are posting how they are leaving since Musk is buying, Ryan is looking to quit, Trump won't come back because Truth....

What ever happened to it being a platform to live post about the sandwich you just ate or how good your dump was (looking at you Drew)?

I'm still not planning to come back because my information is what is being sold to the highest bidder. I do still have an account on there, my former username for that matter. However I haven't logged in for a very long time and always through obfuscating means when I do now.

Louis L'Amour, “To make democracy work, we must be a notion of participants, not simply observers. One who does not vote has no right to complain.”
MineCraft? mc.applenova.com | Visit us! | Maybe someday I'll proof read, until then deal with it.
  quote
kieran
Tweeting @kierankelly
 
Join Date: Jan 2005
 
2022-04-25, 16:00

My biggest concern is the rolling back of content moderation that is feared with Elon owning Twitter.

He has made many statements of "free speech is the bedrock" but that shit frightens me.

Free speech is something that should always be protected from the government, but businesses have a duty to protect their users and moderate speech. Just a little worrisome based on his past comments.

I'll still use Twitter until it gets unusable for me.
  quote
turtle
Lord of the Rant.
Formerly turtle2472
 
Join Date: Mar 2005
Location: Upstate South Carolina
 
2022-04-25, 16:18

I agree with a level of moderation for sure. I don't want Twitter being 4chan for tweens. Realistically though, if it were to go down that path it would die on the Vine.

Really though, people would stop using it. I think there is a strong balance of free speech and content moderation. The problem is there are tons of gray areas and what is green to me might be red to someone else. Not everyone is going to be happy with ANY moderation. The reality is, the issue/concern about being moderated will work itself out through attrition if nothing else.

What I'm most interested in is what becomes the money maker for the platform. Clearly the users are still the product, but does that change and if so how?

Stepping back from it, it is still wild that one guy decided he wanted to buy it, was told no. Then those same people who said no now say yes. What changed their minds? Wasn't there this lingering question of how will Twitter become really profitable anyway? From a business perspective it seems really odd.

Louis L'Amour, “To make democracy work, we must be a notion of participants, not simply observers. One who does not vote has no right to complain.”
MineCraft? mc.applenova.com | Visit us! | Maybe someday I'll proof read, until then deal with it.
  quote
chucker
 
Join Date: May 2004
Location: near Bremen, Germany
Send a message via ICQ to chucker Send a message via AIM to chucker Send a message via MSN to chucker Send a message via Yahoo to chucker Send a message via Skype™ to chucker 
2022-04-25, 16:21

Quote:
Originally Posted by turtle View Post
Stepping back from it, it is still wild that one guy decided he wanted to buy it, was told no. Then those same people who said no now say yes. What changed their minds?
1) worse offers from others looking to buy
2) pressure on the board, given that Elon's offer was significantly above share price; if they don't agree to it, they might even face a lawsuit from shareholders
  quote
Brad
Selfish Heathen
 
Join Date: May 2004
Location: Zone of Pain
 
2022-04-25, 17:52

I hope you all don't mind that I split this off from "The Daily News Thread". It's something that I suspect will probably be discussed for a while and will be easier to follow this way.

The quality of this board depends on the quality of the posts. The only way to guarantee thoughtful, informative discussion is to write thoughtful, informative posts. AppleNova is not a real-time chat forum. You have time to compose messages and edit them before and after posting.
  quote
kscherer
The Ban Hammer
 
Join Date: Aug 2004
Location: Boyzeee
 
2022-04-25, 17:56

Seems like the right move to me.
  quote
Ryan
Veteran Member
 
Join Date: May 2004
Location: Promise Land of Trustafarians
 
2022-04-25, 18:24

I think he is going to be in for a rough learning curve.
  quote
turtle
Lord of the Rant.
Formerly turtle2472
 
Join Date: Mar 2005
Location: Upstate South Carolina
 
2022-04-25, 19:47

Oh, I'm sure he will be in for a long bumpy ride on this one. The international spread and such being a factor. Of course, going private means he can just drop international cares altogether! He can do what he wants, AND get away with it.

At least until there is nothing left to "get away with".

Louis L'Amour, “To make democracy work, we must be a notion of participants, not simply observers. One who does not vote has no right to complain.”
MineCraft? mc.applenova.com | Visit us! | Maybe someday I'll proof read, until then deal with it.
  quote
drewprops
Space Pirate
 
Join Date: May 2004
Location: Atlanta
 
2022-04-25, 19:49

Please take a moment to help me with an experiment.

People on social media platforms, toxic are your feeds right now?

Mine are very, very tame at present.

Let's come back here in 12 months to see if anything has changed.


...
  quote
PB PM
Sneaky Punk
 
Join Date: Oct 2005
Location: Vancouver, BC
Send a message via Skype™ to PB PM 
2022-04-25, 20:11

Kind of feel meh about the thing, having dropped twitter and FB years ago. I'm kind of surprised the board is going for this, given that they were very resistant last week.

To answer drewprops question:

Somewhat toxic, but not as bad as the last two years, that's the main reason I just don't use social media much now.
  quote
Frank777
Veteran Member
 
Join Date: May 2004
Location: Toronto
 
2022-04-25, 23:25

Quote:
Originally Posted by drewprops View Post
People on social media platforms, toxic are your feeds right now?

Mine are very, very tame at present.
What the..?

What?

Social Media. Pandemic. Inflation. Crime. Election Cycle. Literal war in Europe. Potential war in half-dozen other places.

Who are you connected to on social media? Monks?
  quote
drewprops
Space Pirate
 
Join Date: May 2004
Location: Atlanta
 
2022-04-25, 23:52



No monastery, just friends of different stripes who are not currently at loggerheads.

My conservative friends have not been posting much... until today.

I have seen 3 joyous, revel-filled posts by arch-conservatives.

We are talking "dancing in the streets" level celebrations,
with likes and loves by the friends who are politically aligned with them.

However, a friend who is an arch-liberal suggested that there could be issues facing Elon, including:
  • GDPR laws in Europe that could affect the way the platform behaves.
  • A dearth of liquid cash, meaning tangibles may have to be placed on the table.
  • Annual interest on the debt he's using to purchase the platform.




...

Steve Jobs ate my cat's watermelon.
Captain Drew on Twitter
  quote
Posting Rules Navigation
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Page 1 of 10 [1] 2 3 4 5  Next Last

Post Reply

Forum Jump
Thread Tools
Similar Threads
Thread Thread Starter Forum Replies Last Post
Apple all set to buy Twitter? scratt General Discussion 27 2022-11-20 09:26
Twitter spikeh AppleOutsider 325 2013-07-16 11:21
AAPL the largest* tech company. AAPL the growth company. Should Apple buy big? cosus General Discussion 10 2011-07-30 04:31
Freaking Twitter... someone help. Moogs Genius Bar 87 2010-09-16 20:13
What is Twitter? Chinney General Discussion 9 2009-02-12 22:22


« Previous Thread | Next Thread »

All times are GMT -5. The time now is 04:28.


Powered by vBulletin®
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Copyright ©2004 - 2022, AppleNova