Are You Not Entertained?
After declining his BOD seat nomination, Elon Musk has offered to buyout Twitter at $54.20 per share to take it private.
Things happen fast and this Twitter/Elon Musk story is riveting. If you need to play catch up:
Elon Musk disclosed (late) a 9.2% stake in Twitter earlier this month
Elon Musk was offered a seat on the board 24 hours later
Elon Musk declined that board seat as it would cap his ownership at roughly 14%
Elon Musk now wants to buy the company entirely and take it private
This morning, the Doge King put in his official “final offer.” $54.20 per share. That’s a pretty good offer given Twitter is already trading at 7 times sales and 30 times forward cash flow (NOT CHEAP). His exhibit B from the SEC filing is breathtaking. This is what he said:
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.
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.
As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. 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 has extraordinary potential. I will unlock it.
There are people who are very concerned about this. From my readings online, the general take from those who oppose Musk getting influence over policy is akin to “no person should have so much power.” The Washington Post, which is owned by Jeff Bezos, dropped a stinker of a take given who the message was coming from. The fear, seemingly, that Elon Musk will enact a bunch of rules that prohibit their viewpoints from Twitter in the same way that “fringe voices” and actual news stories have been suppressed by Twitter over the last 2 years.
Let’s put aside that it is honestly hysterically funny that people don’t see the irony in that. Would such a drastic policy swing even be likely if Musk were in charge? Would the blue checks find themselves banned for worshiping at the altar of the official narrative? Doubtful. The bigger question might be does Elon Musk actually believe what he says?
That I don’t know. And I really mean that. I have no idea what Elon’s real intentions are here. But the fact that this opportunity to grandstand about freedom and inclusiveness even exists for him is proof positive that Twitter and its leadership team have been fumbling the ball. No matter who controls Twitter, the platform works best when every user is allowed to say the jabs don’t work without fear of punishment.
If Elon Musk can create an uncensored global space for interaction and news, the dominoes on the planet could fall in many new directions. Perhaps the change of Twitter culture could stop wars, stop the suppression of innovation, reveal corruption and crimes, better interconnect the globe so we can appreciate common ground, and in the end become a more positive force. If there is any chance for it, we should support it. I agree with others who also comment--how could it get worse? What are the meaningful downside risks?
If Musk achieves a non censorship agenda and breaks or neutralizes those hidden powers involved on Twitter it would be a tremendous gain for the public. Of urgency now is to release the grip of the bioterror industry for profit. For example, most of the western world still doesn't know or acknowledge the war in Ukraine centers around controlling versus exposing a whole lot of biological pathogen development and experimentation in the name of biodefense funded by U.S. Check out the journalist George Webb on that front @RealGeorgeWebb1
WIth the advent of the revelations of the Laptop from Hell and Hunter Biden's involvement in the Ukrainian biolabs (there are at least 30), and President Biden's singular focus on winning something in the name of Ukraine, the Democrats and the Biden administration and all their resources will be vehemently opposed.
The other two largest Twitter shareholders are Vanguard and Blackrock. These are the two powerful mega firms that are said to be behind much of the propaganda and the positioning for the pandemic favoring big pharma and the planned solutions and storytelling that turned out to be false.
See the attorney David Martin's latest presentations on Rumble for that background, here is one of his lectures:
https://rumble.com/vql4ow-dr.-martin.html
These firms could use a variety of financial tools as weapons to fight back. If nothing else, they will realize the game is over and have time to get out and still make money.
Google/YouTube will fight this as they use all the same rules and practices of Twitter and seem to have the same motives.
Musk has a big fight on his hands for control of some major narratives, including all the murky deep state forces. I assume he is well-informed enough to know this. Retaliation against him could come in the pulling of US and Western government contracts for his services. So sit back, maybe buy or short a few shares this morning depending on the direction of your bet, and prepare for an interesting show. It could be over fast or epic.
Can you ask Elon where to send resumes? He will be hiring a new team of employees at all levels I would think. The entire culture needs to change.