Vegas64

It's really not. Twitter is easily the most eclectic of all social media. He is correct that Twitter has untapped potential and someone needs to unlock it-- the business and GTM of Twitter sucks.

Actually, a Hogwarts themed neighborhood development would have a waitlist. Have you seen the Harry Potter stans and weirdos that are now middle aged adults? I think I read the deathly hallows symbol and other Harry Potter specific symbols are the most common tattoos these days.

This seems like an emerging trend for brands with brand-loyal followings and cult-followings to use their platform to make more money by diversifying and getting into real estate revenue and profits. See Disney and their new Disney fanatic themed neighborhoods for lonely adults as well. Interesting to see how this plays out business-wise. This could be a brilliant gambit or it could be a bad idea.

Worst* nightmare. Mobile posting got me.

Matt Levine has a great piece today about this ordeal. He ended with the conclusion that this puts Twitter into the new CEO’s worse nightmare, noisy distraction: “There is no particularly good outcome for Twitter here. It can sell to Musk and become (more of) a vehicle for his whims and trolling. It can find some other imperfect buyer and try to cobble a desperation deal together. Or it can (maybe) fend off Musk, stay independent, watch its stock drop, alienate one of its most high-profile users, and get second-guessed by shareholders for years. Twitter is in play, but that is only really fun for Musk.“

I had Jet Blue do that number on me from LGA -> BOS and I couldn’t miss my morning meeting, and the next flight was a morning flight, so I had to rent a car and drive…in the snow…for nearly 4 hours and got in at 2am. It was brutal and I was angry, but if you live the life long enough we all have business travel war stories.

I think Gypsie is fine. Maybe Romani is better. But to use the slur gyp as a verb meaning to cheat or be dishonest is a no-go.

Exactly. But as we have said, no poison pill really exists that can stop the richest man in the world from buying Twitter if he really wants it and is willing to spend the energy to overcome these headwinds. The question does he really care that much.

Think about it; how could he take it private (easily) with these headwinds in place. The idea is to add friction and pain.

At that point, when someone first lobbed the partisanship stuff, that should have forked to the CR. Nobody cares in the Elon business thread. In fact, briskettexan and Cajun started the derailment and they are probably to blame. Time them out, if anyone.

Lol a goldfish from the ocean eh

I really liked NOLA’s uniforms last night. When did they get those? I wish I liked a Pels player enough to buy a jersey.

The entire conversation was a sidebar and should have been encapsulated in CR. What’s hard about that? We are having a business discussion around the business details of a very topical and interesting (and entertaining) business story and the CR bickering is annoying and distracting.

It’s really hard to accurately speculate when you have the personality of an Elon Musk mixed with the financial capacity of an Elon Musk. Is this a fun toy or is it deeper than that? He’s a wildcard.

I don’t think he can; Tesla has well documented restrictions on borrowing against the stock (at that volume).

In March 2021, a crypto entrepreneur bought an NFT of Twitter founder Jack Dorsey’s first tweet for $2.9 million. Last week he listed it for $48 million, promising to donate half of the proceeds to charity. But when the auction closed yesterday, the top bid was…$277.

Are we the same person reading the same things?

Probably, and from NYTimes on potential headwind in a frictionless takeover (obviously he’s richest man in the world and could find the money if he really wants to do this but the question is the juice worth the squeeze): “So is this for real? It may seem strange to ask about a person with a net worth of $270 billion, but it’s noteworthy that there are no details about the financing of Musk’s proposal. His offer values Twitter at more than $40 billion, but his wealth is mostly in Tesla shares, and that company puts limits on what he can borrow against the stock. If he needs debt financing, Musk has burned bridges with major lenders, like JPMorgan Chase, so his choice of Morgan Stanley, which has a smaller balance sheet, is notable. (Silver Lake’s Egon Durban, a Twitter director, has experience taking technology companies private, but his private equity firm has a standstill agreement with Twitter that seemingly limits it from participating in a takeover.)”

A hostile takeover of Twitter would actually be quite difficult, as Twitter’s bylaws are already chock-full of standard poison pill provisions. From the risk factors of Twitter’s most recent 10-K: “Anti-takeover provisions contained in our amended and restated certificate of incorporation and amended and restated bylaws, as well as provisions of Delaware law, could impair a takeover attempt. Our amended and restated certificate of incorporation, amended and restated bylaws and Delaware law contain provisions which could have the effect of rendering more difficult, delaying, or preventing an acquisition deemed undesirable by our board of directors. Among other things, our amended and restated certificate of incorporation and amended and restated bylaws include provisions: providing for a classified board of directors whose members serve staggered three-year terms; authorizing “blank check” preferred stock, which could be issued by our board of directors without stockholder approval and may contain voting, liquidation, dividend and other rights superior to our common stock; limiting the liability of, and providing indemnification to, our directors and officers; limiting the ability of our stockholders to call and bring business before special meetings; requiring advance notice of stockholder proposals for business to be conducted at meetings of our stockholders and for nominations of candidates for election to our board of directors; and controlling the procedures for the conduct and scheduling of stockholder meetings.” These provisions, alone or together, could delay or prevent hostile takeovers and changes in control or changes in our management, and amendment of our amended and restated certificate of incorporation to change or modify certain of these provisions requires approval of a super-majority of our stockholders, which we may not be able to obtain. The first takeaway is that a hostile takeover is extremely unlikely; the second takeaway is that the Board of Directors still does have a fiduciary duty to consider any offer presented to it; the third takeaway is that the entire reason this section exists in the 10-K is for the express purpose of covering the Board of Directors rear ends if they say no anyways.

WAAGMI

You are right; I was thinking Of the a16z guy who made news last week Twitter fighting. I’m wrong my fault.

Nobody is arguing it as much as varying degrees of celebrating the potential or not being happy about it.

My personal opinion is your take is a pessimistic one (though entirely possible and true), and if any pettiness or spite it’s because he hates Jack Dorsey. The optimistic view is that as discussed, Twitter sucks as an actual business and needs a transformation and Musk has a business plan to do that. You can’t rule that out with this guy.

Exactly, this thread needs to censor BrisketTexan and Cajun because they are adding zero value. Take it outside, boys.