Introducing Transcript All Right Elon Musk Is Buying Twitter Whether or Not Elon Musk Is Buying Twitter What’s the Deal Among the weirdest Elon Musk sagas we’ve followed over the past two years, this Twitter situation is proving to be the weirdest ever.
So after a month of talks he will buy twitter.com and insert himself as the new CEO and redeploy the product to a completely free speech industrial complex with open source algorithms user verification and airtight information security Elon Musk decided he wasn’t really going to buy Twitter.
The spam fake accounts actually represented less than five percent of users and then two hours later he tweeted that it was still committed to the acquisition and for little reference to Elon’s headspace before this time o his Twitter explosion. Elon was musing over the status of the plastic straws.
The writing was stopping the war on straws and adding the straw war is a symbol of bigger social issues, so the man was in a philosophical mood anyway. Let’s talk about why Elon Musk is so obsessed with Twitter and if we believe he really going to move on.
Going to buy this thing so what is Elon going to do with it, there has to be more to it than meets the eye, we have to understand that so let’s give it our best shot Okay, we’re going to be financially on this channel Don’t want to get too heavy in the transaction,
So we are going to try to explain everything in a very simple and simple language, the deal as it stands, is that Elon Musk will buy Twitter and take it private for the equivalent of 54.20 per share which is That adds up to about $44 billion in total.
At the time Elon wrote his proposal, Twitter’s shares were worth $45, with the Twitter stock market sinking like a stone on May 12. The highest price that Twitter shares have ever traded for n to $40 was about $70 per share at the end of February 2021.
Which originally topped the pandemic bull market, so Elon is currently paying a little more than Twitter but not nearly as much as it could potentially be worth.
Twitter stakeholders get a good price for their shares especially in the current bear market and Elon gets full control of a company that still has a lot of potential to grow and make money now.
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Just because Elon Musk has a net worth of $300 billion, give or take doesn’t mean he has $44 billion just sitting in his bank account or hiding inside the walls of his house.
Overcome this, Elon also received a commitment from Morgan Stanley and other financial institutions to obtain cash to sell $8.5 billion worth of shares in Tesla to $6.25 billion n secured margin loans against his Tesla stock. Elon has raised nearly $8 billion in equity from a group of new co-investors.
So that still doesn’t add up to 44 but I think that’s enough to keep the ball rolling but that’s why Elon Musk is doing it all for one man has more than enough on his plate as a Doesn’t throw up a whole new company to juggle it.
Two Elons used to say that he would sell Tesla stock anytime to fund his Mars colony. He apparently sold a bunch of Tesla shares just to pay taxes and, now, is selling another bunch to buy a website.
It’s not doing anything good for investor confidence in his flagship company, which, of course, according to Elon. He’s doing it all for free speech. Elon calls himself a free speech absolutist, which he expressed.
As set forth in United States law, Elon disagrees with Twitter, making arbitrary decisions about what I am doing on their platform based on the personal opinion of Twitter staff and management in Elon’s independent view.
Twitter’s limits on what users can or can’t say will only be defined by federal law, Elon says, adding that if people don’t like it they can just change that law. is as much as he makes it.
Take cannabis for example 18 US states have voted to legalize the use of cannabis and another 13 have voted to reduce its use which is what most states in the US have called for cannabis and then Even in the eyes of federal agencies you are still a criminal.
If you have cannabis so clearly that majority opinion doesn’t affect the law at the federal level anyway, the other sticking point identified with Twitter was the prevalence of bots and fake accounts, it would seem.
Which has completely thrown up a ditch. Acquisition Process When Elon tweeted that the deal was on hold, he linked to a Reuters article from May 2, which reported Twitter’s official estimate on the number of false or spam accounts on the platform that the company had put up.
Less than five percent of its monetizable daily active users during the first quarter of 2022. Anyone who has spent time on Twitter knows that there is no shortage of fake accounts that are usually trying to scam people with some sort of cryptocurrency based conspiracy.
Nor is there a lack of bot accounts and fake users, there is clearly not a real human being behind them and people are making provocative broadcasts for no reason other than to further upset and divide and this is clearly not good.
For anyone other than Vladimir Putin and other nefarious actors who want to see Western democracy destabilize and crumble, I think this is why Elon sees his acquisition of Twitter as an attempt to save democracy if he wants to. Can eliminate all the noise of these bots and scams.
The illegal accounts should then in turn promote the signal that the real thoughts and feelings of the people of the world’s digital town square that so many pay opals imagined Twitter is doing nothing good for investor confidence in its flagship company.
Which, of course, according to Elon, he is doing all this for free speech Elon calls himself a free speech absolutist, which he defines as supporting freedom of expression as written in it.
United States law disagrees with Elon Twitter’s approach to independent Twitter making arbitrary decisions about what is and cannot be said on its platform based on the personal opinions of Twitter employees and management, only users.
Can’t say that will be defined by federal law. Elon says that if people don’t like it they can just change that law which isn’t nearly as easy as he makes it to take cannabis for example.
Voted to legalize the use of cannabis and another 13 voted to reduce its use which is what most states in the US call cannabis fine and yet you are still a criminal in the eyes of federal agencies.
So clearly the majority opinion doesn’t let us influence the law at the federal level anyway, the other sticking point I identified with Twitter was the prevalence of bots and fake accounts, this appears to be the issue that just struck.
Throughout the acquisition process, when Elon tweeted that the deal was on hold, he linked to a Reuters article from May 2, which gave Twitter’s official estimate about the number of false or spam accounts on the platform that the company had. estimated at less than five percent.
Anyone who has spent time on Twitter knows that there is no shortage of fake accounts, which are usually trying to trick people with some kind of cryptocurrency based plot.
Nor is there a lack of bot accounts and fake users who clearly don’t have a real human being behind them and are broadcasting inflammatory for no reason other than just making people more upset and divided than ever.
This obviously doesn’t bode well for anyone other than Vladimir Putin and other nefarious actors who want to see Western democracy destabilize and crumble, I guess that’s why Elon sees it as an attempt to salvage his takeover of Twitter.
Democracy if it can eliminate the noise from all these bots and scams and illegitimate accounts will lead to the signal that the real thoughts and feelings of the people of the world are the digital town squares that so many imagined Twitter.