Makes more sense than forcing people back in the office just because you have a lease.

Bob Knights Liver said:

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Bump for Elon blowing the minds of everyone that believes their freedom of speech hinges on restricting the freedom of speech for anyone who disagrees with them. The TWTR board is so screwed. They have to sell to Elon, find another buyer willing to pay at least the same amount, or watch the company go bankrupt. All of their options lead to one of those three choices.

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Well, there is another buyer apparently. Thoma Bravo

rathAG05 said:

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Bob Knights Liver said:

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Bump for Elon blowing the minds of everyone that believes their freedom of speech hinges on restricting the freedom of speech for anyone who disagrees with them. The TWTR board is so screwed. They have to sell to Elon, find another buyer willing to pay at least the same amount, or watch the company go bankrupt. All of their options lead to one of those three choices.

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Well, there is another buyer apparently. Thoma Bravo

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The problem with twitter is that its a broken business model. The click through and monetization rate of adds on twitter compared to other social media platforms is terrible. If you're a business that is trying to reach a broad market, you don't spend on twitter ads you buy instagram/facebook adds.

Elon's buying this with FU money to try to fix what he sees as a censorship problem while also create better shareholder alignment through more free thought. A PE group can't act like that. PE groups large enough to buy twitter don't want to deploy billions into a social media platform that is A) going to create backlash as well as B) not be profitable. And at its core, Elon is right. If twitter wants to take its next step he needs to make it more accessible, not less.

The board of directors are toast regardless. No one is coming to champion the current regime or business model.

So it's well known that elon drops "easter eggs" in his tweets from time to time. If you can decode them it can be lucrative. Well yesterday he dropped literal "easter eggs". The holographic eggs/bunny ears have got to mean something. Doge only or twitter related as well?

Happy Easter! pic.twitter.com/3gBFlrPOQO

— Elon Musk (@elonmusk) April 17, 2022

This one on saturday is probably going to end up making something too. Or maybe he's just messing with someone/everyone

🎶 Love Me Tender 🎶

— Elon Musk (@elonmusk) April 16, 2022

Probably just playing...

When will Twitter stock holders get paid/ cashed out?

If he doesn't take the company private will the share price drop on earnings? If so who would be betting on Elon Musk by either buying stock on the downside or selling puts to buy shares?

richardag said:

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If he doesn't take the company private will the share price drop on earnings? If so who would be betting on Elon Musk by either buying stock on the downside or selling puts to buy shares?

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Nevermind, just read he will be taking it private.

richardag said:

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richardag said:

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If he doesn't take the company private will the share price drop on earnings? If so who would be betting on Elon Musk by either buying stock on the downside or selling puts to buy shares?

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Nevermind, just read he will be taking it private.

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Educate me please.

What happens to shares and options etc as it goes private?

If you hold a share you just get cashed out?

$54.2 Cash paid for shares, otm calls become worthless, itm calls get paid out at the delta

https://www.investopedia.com/ask/answers/06/optionsbuyout.asp#:~:text=What%20Happens%20to%20Call%20Options%20in%20a%20Merger%3F,the%2Dmoney%20will%20become%20worthless.

Can someone help me understand the timeline of the financial events of this drama? I haven't paid too much attention since it started.

1. He buys 10% of public shares and discloses it.
2. He declines an offer to be on the board.
3. He makes an offer to buy twitter cash offer. Was good until like 4/20?
4. Twitter board nuclear option? I remember seeing reports of this.
5. 4/20 goes by with no acceptance?
6. New offer to take twitter private with other backing assuming keeping some existing owners is then offered and accepted?

What is your question? (Editing: not being a dick, just wasn't clear where you were unclear, you have the timeline mostly right)

I don't think the initial 54.20/share offer had a time limit. It existed.

-He bought 9.2% of the shares and disclosed it.
-He got offered a board seat and declined it and stated that the company could not exist as a public company and go through the changes he wanted to see (i.e. the changes will cause short term income reductions, but long term benefits)
-He offers to buy Twitter in total for 54.20 per share.
-Twitter board makes a stock issuance guarantee if anyone buys 15% of the company on the open market that would substantially dilute that individuals ownership. (This is not a nuclear option, it's a guarantee to their shareholders that they'll get a premium for total purchase of the company)
-Musk announces his intention to go direct to the shareholders with a tender offer and outlines the financing for the offer.
-Twitter board recognizes the legitimacy of the offer (there was skepticism he could raise the funds without selling Tesla stock) and feels pressure to accept the offer from shareholders.
-Twitter board and Musk agree in principle to transfer total ownership to Musk (51% of company via cash and debt) and 49% to other shareholders.

They are now pending equity raises by Musk's other shareholders and regulatory approval of the transaction.

It was about one month between buying shares and the closure of the deal. 2 weeks of Musk trying to buy Twitter outright before the deal was closed.

Elon gettin' after it. Tells google man it's all in the game yo.