Twitter Stock Climbs As Elon Musk Makes Offer| Investor's Business Daily

  

Category:  News & Politics

Via:  vic-eldred  •  one month ago  •  28 comments

By:   BRIAN DEAGON (Investors Business Daily)

Twitter Stock Climbs As Elon Musk Makes Offer| Investor's Business Daily
Twitter stock rose as Elon Musk offered to buy the company for $43 billion in cash, saying he wants to take it private, for $54.20 a share.

S E E D E D   C O N T E N T



Elon Musk has offered to buy Twitter (TWTR) for $54.20 a share in cash, valuing the company at about $43 billion and saying he wants to take the company private. Twitter stock climbed.

Musk revealed his plan in a securities filing late Wednesday, which Twitter confirmed Thursday. The announcement comes a little more than a week after Musk revealed his 9.2% stake in the company.

"I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy," Musk said in the SEC filing.

He went on to say: "However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company."

Twitter stock moved up 2.5% to 47 during morning action on the stock market today. The stock gain is well below the offer price.

Musk said the offer represents a 54% premium on Twitter stock compared with the day before he began investing in the social media giant. It also comes in 38% higher than pricing the day before his investment became public.

"Twitter has extraordinary potential. I will unlock it," said Musk. "My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder."

Twitter confirmed it received "an unsolicited, non-binding proposal from Elon Musk" in a press release Thursday.

"The Twitter Board of Directors will carefully review the proposal to determine the course of action that it believes is in the best interest of the Company and all Twitter stockholders," it said.


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Vic Eldred
Professor Principal
1  seeder  Vic Eldred    one month ago

Maybe free speech will live on!

 
 
 
XXJefferson51
Senior Guide
1.1  XXJefferson51  replied to  Vic Eldred @1    one month ago

MBFC will call it questionable and propaganda if he’s successful and it becomes a true 1st amendment free speech zone.  

 
 
 
Vic Eldred
Professor Principal
1.1.1  seeder  Vic Eldred  replied to  XXJefferson51 @1.1    one month ago

I wonder.

 
 
 
JohnRussell
Professor Principal
2  JohnRussell    one month ago
Maybe free speech will live on!

Yes, idiots, pathological liars, Trumpsters, conspiracy nuts, nitwits, neo Nazis, Proud Boys, and republicans need a place to vent. 

 
 
 
Texan1211
Professor Principal
2.1  Texan1211  replied to  JohnRussell @2    one month ago
Yes, idiots, pathological liars, Trumpsters, conspiracy nuts, nitwits, neo Nazis, Proud Boys, and republicans need a place to vent. 

Nice to see you recognize the free speech rights of even those who don't agree with you!

 
 
 
Greg Jones
Professor Guide
2.2  Greg Jones  replied to  JohnRussell @2    one month ago

You vent here multiple times daily with minimal moderation.

Twitter users deserve the freedom to do the same

 
 
 
Jeremy Retired in NC
PhD Guide
2.2.1  Jeremy Retired in NC  replied to  Greg Jones @2.2    one month ago
You vent here multiple times daily with minimal moderation.

The moderation is there.  Treat with him and many other leftists the same way they treat everybody and you'll see a ticket appear.

 
 
 
Tessylo
Professor Principal
2.3  Tessylo  replied to  JohnRussell @2    one month ago

That's why they go to Faux news - that's where they can get another putin supporter - Tucker.  

 
 
 
Right Down the Center
Freshman Guide
2.4  Right Down the Center  replied to  JohnRussell @2    one month ago

Yes, idiotic, basement dweller, elitist, liberal, coward, socialist, conspiracy nut, race baiters attempting to do away with free speech under the banner of "disinformation" will have to find a new safe space where they won't hear people that disagree with them.  They won't be missed.

 
 
 
Sparty On
Professor Principal
3  Sparty On    one month ago

Lol Musk has owned Twitter .... they refuse and lose a big money score, accept and they can no longer censor free speech to their hearts content.

Brillant move Elon, brilliant! 

 
 
 
XXJefferson51
Senior Guide
3.1  XXJefferson51  replied to  Sparty On @3    one month ago

They have a fiduciary obligation to their shareholders to accept this offer.  I’ll join a class action lawsuit against them with my minute portion of the company if they refuse and such a suit happens…

 
 
 
Right Down the Center
Freshman Guide
3.1.1  Right Down the Center  replied to  XXJefferson51 @3.1    one month ago

I agree, the offer seems more than fair.  Elon wants to turn over the rock and see all the snakes slither away.

 
 
 
Vic Eldred
Professor Principal
3.1.2  seeder  Vic Eldred  replied to  XXJefferson51 @3.1    one month ago
They have a fiduciary obligation to their shareholders to accept this offer.

Can they resist this offer?   How strong can an evil ideology be?

 
 
 
Right Down the Center
Freshman Guide
4  Right Down the Center    one month ago

I would have to reconsider getting a twitter account.

 
 
 
XXJefferson51
Senior Guide
4.1  XXJefferson51  replied to  Right Down the Center @4    one month ago

Me too.  I also wonder what Trump will do with Truth Social once he’s allowed to return to Twitter?  

 
 
 
Tessylo
Professor Principal
4.1.1  Tessylo  replied to  XXJefferson51 @4.1    one month ago

What's he doing with 'Truth Social' now?

jrSmiley_10_smiley_image.gif

 
 
 
XXJefferson51
Senior Guide
4.1.2  XXJefferson51  replied to  Tessylo @4.1.1    one month ago

Building it up. It’s big enough now that I can’t keep up with all my followers truths or those whom I’m following. It’s good to have Truth Social and Parler just in case.   What Musk is doing is a big bonus to the efforts to create a dueling total and complete online environment to compete with the existing order

 
 
 
Right Down the Center
Freshman Guide
4.1.3  Right Down the Center  replied to  XXJefferson51 @4.1.2    one month ago

I don't follow any of them.  Sorry for the dumb question but is Parler back up?

 
 
 
Hallux
Sophomore Principal
5  Hallux    one month ago

"Twitter stock rose" ... and then fell. Oh those jittery markets.

 
 
 
Ronin2
Professor Quiet
5.1  Ronin2  replied to  Hallux @5    one month ago

So what?

Think Musk cares about the stock price? He is taking the company private. 

It doesn't change the fact that Musk's over the top offer forces the board to sell. "To do what is best for their share holders", who I am pretty sure are not all woke morons- and would rather have the significant return on their investment.

I am sure the woke management and employees at twitter are all looking forward to their return to sunlight once Musk takes over and cleans house. Hopefully they can all make it back to their parents' basements before it burns them to a crisp. 

 
 
 
JBB
Professor Principal
6  JBB    one month ago

Anyone thinking any major corporate social media sites will go unmoderated is fooling themselves...

 
 
 
Sparty On
Professor Principal
6.1  Sparty On  replied to  JBB @6    one month ago

Moderated is one thing, Twitter isn’t only moderating.    They are censoring ......... kinda like here when some moderators see things they personally don’t like or agree with.

Censor .....

 
 
 
Vic Eldred
Professor Principal
6.1.1  seeder  Vic Eldred  replied to  Sparty On @6.1    one month ago

Elon Musk says free speech is when "someone you don't like is allowed to say something you don't like."

 
 
 
Sparty On
Professor Principal
6.1.2  Sparty On  replied to  Vic Eldred @6.1.1    one month ago

Twitter and many of their acolytes have no problem with “free speech” .... just as long as they agree with what you are saying.

 
 
 
Hallux
Sophomore Principal
6.1.3  Hallux  replied to  Vic Eldred @6.1.1    one month ago
free speech is when "someone you don't like is allowed to say something you don't like."

I practise it, why don't you?

 
 
 
Vic Eldred
Professor Principal
6.1.4  seeder  Vic Eldred  replied to  Hallux @6.1.3    one month ago
I practise it, why don't you?

You practice (not practise) what?

 
 
 
JBB
Professor Principal
7  JBB    one month ago

Musk found a way to get rightwingers to buy Teslas!

 
 
 
Sparty On
Professor Principal
8  Sparty On    one month ago

Genius Elon, absolute genius.

 
 

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