Re:Twitter board adopts poison pill after Musk’s $43B bid to...
by friesfreeze on Friday April 15, 2022 @05:59PM
(#31046406)
(1) yes, though would be an expensive troll and (2) no - offer was non-binding and very conditional (due diligence, financing, etc.)
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Re:Twitter board adopts poison pill after Musk’s $43B bid to...
by mym1990 on Friday April 15, 2022 @06:09PM
(#31046515)
Thank you! Why would it be an expensive troll if no money is changing hands?
Re:Twitter board adopts poison pill after Musk’s $43B bid to...
by friesfreeze on Friday April 15, 2022 @06:19PM
(#31046614)
Well (1) you can be sure Musk is paying lawyers $$$ to make sure he doesn't deeply fuck up on any securities rules given his contentious relationship with the SEC [though fairly that might be de minimus to him] (2) there is an opportunity cost to putting money so much money in twitter just for laughs [he could be doing other things] and (3) there is risk that the twitter stock could fall out from under him. (3) is really only a cost relative to having the money in a diversified portfolio - but it is a real cost nonetheless.