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modrepub

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33. If You Were A Stock Holder In A Company

Fri Dec 16, 2022, 10:49 PM

Dec 2022

that had only a few profitable quarters and $1.3B in debt and someone came along and offered you $44B to take it off your hands what would your response be? I know what I would have done.

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Can someone explain why Twitter was sold in the first place? [View all] diva77 Dec 2022 OP

profit dollars republianmushroom Dec 2022 #1

true - Musk offered far more than they thought it was worth; but they didn't figure in the diva77 Dec 2022 #3

Business owners looking for a pay day hardly Dorian Gray Dec 2022 #26

Some idiot overpaid, so I'm told. GreenWave Dec 2022 #2

true - too bad they didn't factor in the cost to society -- that would have made it priceless diva77 Dec 2022 #5

1. Musk made the offer. no_hypocrisy Dec 2022 #4

what percentage of the shareholders chose to sell their shares to Musk? diva77 Dec 2022 #6

my guess is an overwhelming number moonshinegnomie Dec 2022 #7

probably someone's financial advisor or a mutual fund -- people with no emotional attachment to the diva77 Dec 2022 #10

Which from a fiduciary point of view, they are legally required to do. MichMan Dec 2022 #19

Prince Alwaleed of Saudi Arabia - a major stockholder of Twitter womanofthehills Dec 2022 #14

thanks for this info diva77 Dec 2022 #16

i just looked it up on the sec edgar site moonshinegnomie Dec 2022 #28

Interesting - thanks for finding this & posting. diva77 Dec 2022 #40

Capitalism demands return on investment sanatanadharma Dec 2022 #8

The ugly ugly underbelly of capitalism!! diva77 Dec 2022 #11

Because they found a schmuck with a spare $44 billion lame54 Dec 2022 #9

time to return to the 90% (or more) tax rate for billionaires!!! diva77 Dec 2022 #12

Wouldn't affect Musk...90% rate applied to income, not wealth. brooklynite Dec 2022 #27

Where there's a will, there's a way... oioioi Dec 2022 #32

Perhaps she can take that up with President Biden, who doesn't support the concept. brooklynite Dec 2022 #36

"Nor would it stop Musk from relocating back to South Africa" oioioi Dec 2022 #38

Space Karen offered 2 to 4 times the actual value. Voltaire2 Dec 2022 #13

ok - this is the kind of info I suspected but couldn't find -- is there a law somewhere that says diva77 Dec 2022 #15

No specific law. Voltaire2 Dec 2022 #47

Consider Pantagruel Dec 2022 #17

ok, got it. thanks. diva77 Dec 2022 #18

This littlewolf Dec 2022 #22

+1 2naSalit Dec 2022 #25

Twitter could be sold and therefore it was. Hermit-The-Prog Dec 2022 #20

He offered to buy the whole company at $54.20/share. Get it? fifty-FOUR-TWENTY? RockRaven Dec 2022 #21

Musk tried to back out. Twitter insisted he proceed. Just A Box Of Rain Dec 2022 #23

Twitter was swimming in debt. It's not like they were profitable. Most social media companies aren't Bucky Dec 2022 #24

nope they werent profitable moonshinegnomie Dec 2022 #30

Because the idiot agreed to purchase it for way over its worth budkin Dec 2022 #29

Thanks, everybody - every single response was helpful to my understanding the issue(s) diva77 Dec 2022 #31

If You Were A Stock Holder In A Company modrepub Dec 2022 #33

they sold because he offered them a billion dollars for a rusty bike with a wheel missing Takket Dec 2022 #34

It was a hostile takeover. Initech Dec 2022 #35

Speaking of crazy conspiracy theories... brooklynite Dec 2022 #37

Elon is a perfect example of someone being brainwashed by social media propaganda. Initech Dec 2022 #41

Again: he own's the company... brooklynite Dec 2022 #42

My point is he wouldn't have felt the need to buy a social media company... Initech Dec 2022 #43

People forget Eloon tried to get out of the deal leftstreet Dec 2022 #39

Twitter has been trying to sell itself for awhile. Xolodno Dec 2022 #44

Very good article! Thanks! Laura PourMeADrink Dec 2022 #45

Because it was the smart thing to do Polybius Dec 2022 #46

Because Br'er Twitter said, "Please Mr Musk. Please don't buy us!" Iggo Dec 2022 #48