Elon Musk Launches $43 Billion Hostile Takeover of Twitter

konfab

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Judge has been appointed for the case.

Whatever way this goes, progressives will lose their minds.

If Musk loses and he is forced to buy Twitter, Twitter becomes a free speech social network. If Musk wins the suit, progressives lose their minds by the anti-christ wining a lawsuit, and Twitter's stock will become absolutely worthless.
 

R13...

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Pity that isn't what he apparently wanted for Twitter. He wanted it to be based on the free speech standards set by the 1st amendment. As a private social media company, Twitter would be free to set such a policy no?
They presumably have some sort of policy in place. They don't have to use the 1A as the basis whether or not Musk is in charge and his own company has fired an employee for speaking out of turn. And he actually didn't say he'd follow a 1A based policy, he said he'd censor both the far left and right instead of the far right as Twitter currently does.
 

Gyre

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Judge has been appointed for the case.

Whatever way this goes, progressives will lose their minds.

If Musk loses and he is forced to buy Twitter, Twitter becomes a free speech social network. If Musk wins the suit, progressives lose their minds by the anti-christ wining a lawsuit, and Twitter's stock will become absolutely worthless.

We wait in anticipation.

I'm sure "tHe PrOgReSsIvEs" will enjoy forcing Musk to use large amounts of his wealth to purchase something he doesn't want, only for it to plummet in value when he begins enforcing rules akin to those of beacons for humanity such as 4chan.
 

konfab

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They presumably have some sort of policy in place. They don't have to use the 1A as the basis whether or not Musk is in charge and his own company has fired an employee for speaking out of turn. And he actually didn't say he'd follow a 1A based policy, he said he'd censor both the far left and right instead of the far right as Twitter currently does.
Actually it is exactly what he said:


Making it based on the laws of a country like the US is making it based on the first amendment.
 

konfab

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We wait in anticipation.

I'm sure "tHe PrOgReSsIvEs" will enjoy forcing Musk to use large amounts of his wealth to purchase something he doesn't want, only for it to plummet in value when he begins enforcing rules akin to those of beacons for humanity such as 4chan.

Musk wanted to buy Twitter. At worst, he will have to buy something for a bit more than he is willing to pay.
 

konfab

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Time will tell.
Still interesting times with lots of drama.

Twitter still technically has a $1bn fee that they can force Musk to pay for breaking the terms of the agreement, but they have opted not to go for it in lieu of the lawsuit for the whole amount. The real curious part is that they did all of this after being completely hostile to Musk in the first place.
 

quovadis

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If Musk loses and he is forced to buy Twitter, Twitter becomes a free speech social network. If Musk wins the suit, progressives lose their minds by the anti-christ wining a lawsuit, and Twitter's stock will become absolutely worthless.
The same old tired arguments. Musk eventually figured out that free speech still has limits even with bots because guess what? SPAM is FREE SPEECH - you want to get rid of SPAM you're CENSORING.
 

Pegasus

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Still interesting times with lots of drama.

Twitter still technically has a $1bn fee that they can force Musk to pay for breaking the terms of the agreement, but they have opted not to go for it in lieu of the lawsuit for the whole amount. The real curious part is that they did all of this after being completely hostile to Musk in the first place.
The board have to sue him, its their duty. Otherwise they get sued by shareholders.
 

konfab

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The same old tired arguments. Musk eventually figured out that free speech still has limits even with bots because guess what? SPAM is FREE SPEECH - you want to get rid of SPAM you're CENSORING.
Huh? He has been saying this for quite a while.
“I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans."

His issue with the amount of real users on Twitter relates to the value of the company, not free speech. If the company hasn't been honest about the amount of authenticated users it has, then he has absolutely reason to question the valuation.
 

quovadis

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Still interesting times with lots of drama.

Twitter still technically has a $1bn fee that they can force Musk to pay for breaking the terms of the agreement, but they have opted not to go for it in lieu of the lawsuit for the whole amount. The real curious part is that they did all of this after being completely hostile to Musk in the first place.
Let's not conflate the issue. They were never hostile - they made the recommendation to sell to the shareholders in record time. They're simply moving forward with the purchase as contractually agreed to. Thus Musk should either move forward or face penalties and lawsuits as with any deal of this nature.
 

konfab

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Let's not conflate the issue. They were never hostile - they made the recommendation to sell to the shareholders in record time. They're simply moving forward with the purchase as contractually agreed to. Thus Musk should either move forward or face penalties and lawsuits as with any deal of this nature.
They absolutely were hostile. You cannot adopt a poison pill and still declare yourself non-hostile.

Twitter adopted a limited duration shareholder rights plan, often called a “poison pill,” a day after billionaire Elon Musk offered to buy the company for $43 billion, the company announced Friday.

The board voted unanimously to adopt the plan.

Under the new structure, if any person or group acquires beneficial ownership of at least 15% of Twitter’s outstanding common stock without the board’s approval, other shareholders will be allowed to purchase additional shares at a discount.

The plan is set to expire on April 14, 2023.

Such a move is a common way to fend off a potential hostile takeover by diluting the stake of the entity eying the takeover.


https://www.cnbc.com/2022/04/15/twi...er-musks-43-billion-offer-to-buy-company.html


They didn't need to adopt it if they were open to the offer.
 

Kieppie

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The same old tired arguments. Musk eventually figured out that free speech still has limits even with bots because guess what? SPAM is FREE SPEECH - you want to get rid of SPAM you're CENSORING.
Since when do bots have any rights? So no, removing bots is not censoring by any stretch of the imagination.
Also most bots are employed for fraudulent purposes so getting rid of them is required.
 

quovadis

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Huh? He has been saying this for quite a while.
Are you being obtuse? You can't get rid of bots or spam if you uphold free speech?
His issue with the amount of real users on Twitter relates to the value of the company, not free speech. If the company hasn't been honest about the amount of authenticated users it has, then he has absolutely reason to question the valuation.
No they've been completely honest because it's not about authenticated users. It has to do with monetizable daily active users which has been an estimated metric. It does represent number of authenticated users. If I have 2 twitter accounts and then I should only count as 1 but this is imprecise because the number of humans or devices doing the posting might vary hence why it's always been qualified as such. Go compare this site's registered users with unique users as per their publishing / site statistics - they differ.
They absolutely were hostile. You cannot adopt a poison pill and still declare yourself non-hostile.
Don't get stuck on the terminology. It's not hostile to ensure that a deal is made in good faith. Musk wasn't forced to agree to go through with deal inclusive of the clause.
 

quovadis

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Since when do bots have any rights? So no, removing bots is not censoring by any stretch of the imagination.
Also most bots are employed for fraudulent purposes so getting rid of them is required.
Why does the mechanism change the right of expression? If I program something to spew my speech at every possible opportunity why should it be curtailed? Are you saying only my direct speech is free? Am I not allowed to counter your speech with my own via an automated process or pseudonym?
 

Kieppie

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Why does the mechanism change the right of expression? If I program something to spew my speech at every possible opportunity why should it be curtailed? Are you saying only my direct speech is free? Am I not allowed to counter your speech with my own via an automated process or pseudonym?
You can say whatever you want under whatever pseudonym you wish, but a bot is not a representation of you and therefore not your speech. The main problem with bots is the one to many ratio.
The more tricky subject would be sock puppet accounts as there are generally real people behind these not just bots. Although as it involves fraudulent purposes it won't be covered.
 

Howdy

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If Musk loses and he is forced to buy Twitter, Twitter becomes a free speech social network. If Musk wins the suit, progressives lose their minds by the anti-christ wining a lawsuit, and Twitter's stock will become absolutely worthless.
And if he finds that ideal partner and they elope to build a new nation?

:p
 

quovadis

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You can say whatever you want under whatever pseudonym you wish, but a bot is not a representation of you and therefore not your speech. The main problem with bots is the one to many ratio.
The more tricky subject would be sock puppet accounts as there are generally real people behind these not just bots. Although as it involves fraudulent purposes it won't be covered.
Of course it’s a representation of me? Why can’t it be? My view being parroted isn’t allowable? Pretty sure free speech extends to marketing or lobbying?
 
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