Elon Musk offers to buy Twitter outright

[Suff]

For $41bn. A greater than 50% uplift on the value before he started investing in January.

His goal is to take it private and transform it. He also says he has no confidence in the board. In other words, the moment he owns it, the board is toast.

This is a bit of a rock and a hard place for Twitter. First the share price is high because Musk has decided the fastest way to the kind of short message service he wants is to buy it. But the implied threat is that if they do not take the offer and fall on the sword of Musk's reorganisation, then that $41bn will be used to fund a startup messaging service. Musk himself will go to that service, bringing 80m twitter users with him overnight. Something which could take a new chat/messaging service a decade to reach.

The board of Twitter have clearly shown themselves to not have the vision to expand Twitter to [x] billions of users and be completely pervasive. They are left with an essential hostile takeover which if they decide to reject it, morphs into a hostile new company intent on taking their business.

I'm sure the Twitter board thought it was a really good idea to offer Musk a seat on the board and try to cap him at 15%. I'm wondering if they think it was such a good idea now? Everybody who voted for that one (minuted in the company minutes), is for a long walk off a short plank should Musk take over. There they were congratulating themselves on marginalising that "Insane person", to quote some of the more Woke twitter staff, only to find themselves facing the wrong end of a rather large gun.

Sometimes I wonder if these people actually read anything other than what they write themselves? The wall of the echo chamber has been torn down, the mists of self deception have been blown away and the comfort blanket is lying in shreds on the floor.

The only question now is "do they have the balls to fight or will the fold?".

I'm with lots of shrieking, bleating, lots of "you can't do that, it offends me", then fold. But I might be wrong.

Whatever they choose there are only two options. Fight of their lives or fold.

Given that Musk's personal followers number 39% of the entire Twitter daily patronage, I'd be more than a tad concerned.

[Suff]

And the board folded.

First on the chopping block? The board I'd say. Followed by any staff who think it is clever to call Musk "Their new Overlord".

This will be one to watch. I've had some significant issues with a low volume twitter account where Twitter blocked them after a single innocuous tweet.

[cromwell]

Progressive liberals have more or less had a stranglehold on the broadcast media and big tech social media platforms.
Musk has now broken that monopoly and the hysterical meltdowns have started.
It will be interesting to see who goes.

[Suff]

For me it will also be interesting to see the synergy between Musk's other companies and Twitter.

Musk is also the CEO and majority owner of the most advanced non lab AI technology. Leaning towards AI based moderation where the AI is able to be taught the rules and also to understand if the conversation is leading to self moderation by the OP being challenged or whether it is out of control and needs to be halted.

You find Tesla equipment in SpaceX spaceships and SpaceX metallurgy in Tesla cars. I would expect to find Tesla tech in Twitter in a year or two. My take is Twitter will begin to challenge FB, Instagram, snapchat and whatsapp.

Going to be a wild ride and those who work at Twitter have Zero clue how their nice safe lives are going to change. Twitter has 1bn registered users and 200m active accounts. Talk about under-leverage of a natural resource.

[Suff]

Snowflake mountain.