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OT: Elon Musk makes a cash offer to buy Twitter.

CNBC was all atwitter about it this morning. Saying the board cannot accept this at it violate their fiduciary responsibilities. Highly unlikely that Musk has $40 billion in cash....is this a leveraged deal? How is he going to raise the capital? WhT assets will he sell off? What timelines will be established for all this? Said the Twitter board must also consider other offers to get the best deal.

Musk also said if they decline his offer he would consider selling his 9.4% stake which would drive the price down. Is this blackmail? Does it violate SEC rules? Twitter was already given two down grades this morning on this news.
 
CNBC was all atwitter about it this morning. Saying the board cannot accept this at it violate their fiduciary responsibilities. Highly unlikely that Musk has $40 billion in cash....is this a leveraged deal? How is he going to raise the capital? WhT assets will he sell off? What timelines will be established for all this? Said the Twitter board must also consider other offers to get the best deal.

Musk also said if they decline his offer he would consider selling his 9.4% stake which would drive the price down. Is this blackmail? Does it violate SEC rules? Twitter was already given two down grades this morning on this news.
 
He should buy it and dismantle it. Social media is an abomination and is contributing to the decline of the country. Kids have zero.social skills anymore and these platforms provide forums to spread mindless hate. And these platforms are biased too.
You do realize you're posting this anti social media take on a social media website, right? ;)
 
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You do realize you're posting this anti social media take on a social media website, right? ;)
Back when I joined this site back in the early 2000s we didn't know what social media was. This was a place for me to get even more Penn State Football information. That said you're correct.
 
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