Elon Musk offers to buy Twitter for $54.20 per share.

No idea as to the poster or the veracity but it makes sense:

https://twitter.com/goangelo/status/1588696157794242560?s=46&t=H-rB4_UAVyz6Z0QnE-qf-w

Elon Musk destroying Twitter for all of us who weren’t strong enough to delete our accounts on our own is basically a shot-for-shot remake of Gollum stealing the Ring from Frodo and falling into Mt. Doom

https://twitter.com/gerrycanavan/status/1588702620683845632?s=46&t=H-rB4_UAVyz6Z0QnE-qf-w

This reply.

Seems plausible.

I know that tech companies do have Upfronts like broadcast media does. Not sure when they were held but an acquisition deal would probably make anything negotiated before the buyout up for grabs.

Is this the current Twitter Blue or the one that’s going to be for check marks? You know the one that was going to be $20 and then $8 after Stephen King complained?

Freeze peach lives!



Liam is Jewish and cohosts a couple of different podcasts on things like engineering mistakes, military mistakes, and sports mistakes.

Musk is whining that the severance pay he's handing out is 50% above the legal requirement (3 months salary) because again he doesn't understand that it ain't just about money.

You know things have gotten pretty bad when a car company founded by Hitler leaves Twitter.

That's probably because Kyrie Irving is being an asshat again. Linked to an antisemitic movie about the only true Hebrews being Black - it's part of a Nation of Islam antisemetic disinformation campaign. It includes quotes by Hitler and holocaust denial. Kyrie won't apologize and was suspended without pay from the Nets.

And this boys and girls is why we don't define racism as being only systemic, or particular to any one race.

yes, if you go into any of the site's dark corners you are 3x as likely to be eaten by a racist grue

Thread.


https://twitter.com/karaswisher/status/1588667162654564352?s=46&t=wY0CqnGr1sleISe5kOpCTw

Some back of the napkin financial analysis on Opening Arguments yesterday was interesting: while the acquisition may have cost $44 billion, it probably cost Elon Musk over $100 billion in net worth to raise $22-27 billion in cash because of the hit TSLA took when he liquidated so much of it. Truly a masterclass on how to set money on fire.

I actually wonder if this is going to change how net worth is measured going forward. The argument in favor is obvious: it'd be essentially mark-to-market accounting of shares, actually taking into account their supply curves (which are essentially flat for small investors). The argument against is that some of the decreases in TSLA are because of the uncertainty of how much attention its CEO will be paying to the company going forward, and that was obvious the moment Elon sold the first tranche of shares, not just the fact that the market was suddenly flooded with Tesla shares.

I think it was Bill Gates who said that when it came to those net worth estimates, it was just a way of keeping score. That would boil down to competitive ego. It looks to me like Musk does pretty well when he's focused and everyone is kissing his ass. When things start going south and he start's coming under fire his ego can't handle it.

So you were fine BEFORE with a company founded by Hitler advertising on Twitter. Got it!

Swisher generally knows her stuff, so if she’s wrong, it’s probably on some minor details.

So now it isn’t just people changing their name to Elon Musk getting permabanned or politicos dunking on him but now just anyone who criticizes him, even without insulting him that gets enough enhancement is getting banned.

https://twitter.com/bybrianbennett/status/1588928097218273280?s=46&t=GIdvFWm026woiGVKAU0ePg

KJ initially stuck up for him but deleted everything that night and put this out today:

https://twitter.com/kj_wright34/status/1589030020059914241?s=46&t=GIdvFWm026woiGVKAU0ePg

And here we have the best encapsulation (in 240 characters or less) of the fail:

musk bought an advertising-supported website full of left-of-center users and now plans to attract a completely new audience to a paid-media business model where the product being sold is the right to harass the users who are its key value proposition

https://twitter.com/revhowardarson/status/1588614422528151557?s=46&t=GIdvFWm026woiGVKAU0ePg

Seems plausible:

Scoop: all of Musk’s companies use MS Teams for comms, where new channels are private by default.

When software engineers from Tesla, Boring and SpaceX came in to Twitter a week ago, they created Slack channels to communicate amongst themselves.

Several channels were public.


https://twitter.com/gergelyorosz/status/1588906808395333633?s=46&t=GIdvFWm026woiGVKAU0ePg

Something that came up the thread that I hadn’t thought of was Musk using engineers from ‘his’ other companies to review Twitters ‘code’. Okay for Boring Company and SpaceX as those are private companies but how does he justify to Tesla’s shareholders using their assets for his personal business?

If I'm a Tesla shareholder watching my investment go into freefall, I'm pissed, but if he's selling his own stock, well, I guess he can do whatever he wants with it however bad it may look.

Musk having to sell off his stock (driving down the value of your stock) is one thing. Musk using company assets (employees) for his own personal use is another.

The CEO of Coca-Cola doesn’t get to send the janitors over to clean his house. That’s a misappropriation of company funds and a violation of his fiduciary duty to the shareholders.