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Vegas64

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Everything posted by Vegas64

  1. 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.
  2. Think about it; how could he take it private (easily) with these headwinds in place. The idea is to add friction and pain.
  3. 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.
  4. 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.
  5. 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.
  6. 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.
  7. I don’t think he can; Tesla has well documented restrictions on borrowing against the stock (at that volume).
  8. 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.
  9. Are we the same person reading the same things?
  10. 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.)”
  11. 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.
  12. You are right; I was thinking Of the a16z guy who made news last week Twitter fighting. I’m wrong my fault.
  13. Nobody is arguing it as much as varying degrees of celebrating the potential or not being happy about it.
  14. 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.
  15. Exactly, this thread needs to censor BrisketTexan and Cajun because they are adding zero value. Take it outside, boys.
  16. I don't think he actually buys Twitter. I've read it might be difficult anyways, despite his wealth, because it's tied up in Tesla stock and he'd have to sell which seems like a bad divestment and investment, respectfully. Also Twitter has poison pill options to potentially block a takeover, but the question remains if investors even want the board to block this due to the aforementioned fiduciary (positive) reasons for Elon buying them out and taking them private. There is no business question that Twitter sucks as a business of making money and providing shareholder value to the ratio of its massive and outsized influence and power as a technology.
  17. Bezos lost half is fortune in a divorce in case you were asleep in 2019 or else who would still be wealthier (or close), I think. Elon knows better than to marry again and he's attracted to weirdo junky types like Grimes anyways who have so much cognitive dissonance because they are supposed to be New Left and Progressive and want to eat the rich and guillotine Musk types that their hypocrisy keeps them from marrying them, but not having rich little surrogate babies.
  18. "everything is securities fraud" is his occurring joke, which I guess could be true.
  19. Because it starts and stops with John F'ing Goodman.
  20. good call on the Spawn vibe.
  21. The right answer wasn't on the poll (though I picked the 2nd best, PSH). The right answer:
  22. In my opinion this is just example eleventy billion why most adults simply don’t trust numbers with government projects. There is always scope creep and/or moving financial mechanisms that always make the assumptions and model being voted on one that is “happy path” and unrealistically conservative as the real project implemented will be over budget and way over deadline.
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