Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can the government perhaps step in to seize Twitter (to nationalize it in effect) in order to prevent the disinformation and unbridled chaos that social media has caused and has since 2018 destroyed democracy?

Private companies can censor. The US government can't. Nationalizing would make the problem even worse with disinformation.

DP

I don’t care if it is public or private but I do care that Twitter reigns in all the outrageous political lies on there before. They only recently got their act more together.

I don’t trust megalomaniac Musk to establish adequate safe guards for Twitter.

Free speech is the opposite of the bedrock of a functioning democracy when popular social media platforms act as unfettered megaphones for populist politicians not held accountable for telling the truth/ advocating race and ethnic based violence/ science misinformation/ hate speech.

Wow.
Were you born in the US or are you from another country?

Let us know how unfettered “free speech” worked for Rwanda. People go very quickly from being brainwashed by rhetoric to chopping up their neighbors with machetes. Same crap is on the verge of happening here. It’s the same reason Germans and French have very strong speech laws against antisemitism and Nazism.

Anonymous wrote:I give Musk credit for finally having to guts to try and fix the liberal habit of cancelling everyone. They only have themselves to blame.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can the government perhaps step in to seize Twitter (to nationalize it in effect) in order to prevent the disinformation and unbridled chaos that social media has caused and has since 2018 destroyed democracy?

Private companies can censor. The US government can't. Nationalizing would make the problem even worse with disinformation.

DP

I don’t care if it is public or private but I do care that Twitter reigns in all the outrageous political lies on there before. They only recently got their act more together.

I don’t trust megalomaniac Musk to establish adequate safe guards for Twitter.

Free speech is the opposite of the bedrock of a functioning democracy when popular social media platforms act as unfettered megaphones for populist politicians not held accountable for telling the truth/ advocating race and ethnic based violence/ science misinformation/ hate speech.

Wow.
Were you born in the US or are you from another country?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can the government perhaps step in to seize Twitter (to nationalize it in effect) in order to prevent the disinformation and unbridled chaos that social media has caused and has since 2018 destroyed democracy?

Private companies can censor. The US government can't. Nationalizing would make the problem even worse with disinformation.

DP

I don’t care if it is public or private but I do care that Twitter reigns in all the outrageous political lies on there before. They only recently got their act more together.

I don’t trust megalomaniac Musk to establish adequate safe guards for Twitter.

Free speech is the opposite of the bedrock of a functioning democracy when popular social media platforms act as unfettered megaphones for populist politicians not held accountable for telling the truth/ advocating race and ethnic based violence/ science misinformation/ hate speech.

Anonymous wrote:I give Musk credit for finally having to guts to try and fix the liberal habit of cancelling everyone. They only have themselves to blame.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Poison pill is still in place, right?

That's only for a hostile bid. Right now, there isn't a hostile bid out there. Twitter is actively negotiating with Musk. Probably stuck on form of consideration and break up fee.

So if Musk can't close the deal, he will need to pay Twitter a breakage fee?

The problem I see now is that Musk may get caught in a price spiral, if he can't secure enough investors to sell at $54.

Will Musk have to sell his stake in Tesla to make this happen?

He's mostly loading up Twitter with debt and issuing new equity to fund this. He will be using his TLSA shares and pledging them to banks as collateral for about $12.5 in loans.

"$13 billion in financing to the Reporting Person and related entities as follows:
(a) a senior secured term loan facility in an aggregate principal amount of $6.5 billion, - Loan from a bank or other investor that will be secured against Twitter's assets
(b) a senior secured revolving facility in an aggregate committed amount of $500 million, - Loan from a bank or other investor that will be secured against Twitter's assets
(c) a senior secured bridge loan facility in an aggregate principal amount of up to $3 billion and - Loan from a bank or other investor that will be secured against Twitter's assets
(d) a senior unsecured bridge loan facility in an aggregate principal amount of up to $3 billion" - Loan from a bank or other investor that is unsecured, but owed by Twitter

". . .$12.5 billion in margin loans..." - Elon pledging his TSLA shares or other assets to a bank/investor in exchange for cash to fund the purchase

"...[and] the Reporting Person has committed to provide equity financing...expected to be approximately $21 billion" Cash from Elon and/or new shares issued by Elon to raise capital to finish the purchase


Good reading on this topic:
https://techcrunch.com/2022/04/21/we-just-found-out-how-elon-musk-may-finance-his-43b-twitter-bid/
https://www.barrons.com/articles/tesla-ceo-elon-musk-twitter-financing-51650118671

This is probably Elon's riskiest business move to date. If TSLA stocks downturns, he will be facing massive margin calls for tens of billions in personal loans.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Poison pill is still in place, right?

That's only for a hostile bid. Right now, there isn't a hostile bid out there. Twitter is actively negotiating with Musk. Probably stuck on form of consideration and break up fee.

So if Musk can't close the deal, he will need to pay Twitter a breakage fee?

The problem I see now is that Musk may get caught in a price spiral, if he can't secure enough investors to sell at $54.

Will Musk have to sell his stake in Tesla to make this happen?

Anonymous wrote:

Anonymous wrote:Can the government perhaps step in to seize Twitter (to nationalize it in effect) in order to prevent the disinformation and unbridled chaos that social media has caused and has since 2018 destroyed democracy?

Private companies can censor. The US government can't. Nationalizing would make the problem even worse with disinformation.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Poison pill is still in place, right?

That's only for a hostile bid. Right now, there isn't a hostile bid out there. Twitter is actively negotiating with Musk. Probably stuck on form of consideration and break up fee.

So if Musk can't close the deal, he will need to pay Twitter a breakage fee?

The problem I see now is that Musk may get caught in a price spiral, if he can't secure enough investors to sell at $54.

Anonymous wrote:

Anonymous wrote:Poison pill is still in place, right?

That's only for a hostile bid. Right now, there isn't a hostile bid out there. Twitter is actively negotiating with Musk. Probably stuck on form of consideration and break up fee.

Anonymous wrote:Musk plans on making the software open source. Getting interesting, as that will allow people to analyze the algorithms Twitter uses

Anonymous wrote:

Anonymous wrote:In all fairness, a lot of the changes Elon wants to make would likely decimate Twitter's finances. He wants to get rid of advertising, which composes something like 95% of Twitter's revenue. People don't want to pay subscriptions for social media, yet he insists that's how he wants Twitter to move forward. Advertisers will leave the platform if content moderation is discontinued, as everything turns into sh#tposting culture war nonsense.

For those underwriting this transaction, likely the largest privatization deal in corporate history - how do they see any value? This looks like a crazy risky deal with very little financial upside.

There are a lot of loans involved. As earlier disclosed, there is a bunch of secured financing. They'll just get interest and principal. The bridge loans will be in and out in a week to 10 days. The unsecured financing? Hope?