Re:Twitter alerted employees all office buildings closed and...
by pschuegr on Friday November 18, 2022 @12:08AM
(#33650614)
Basically, his business skills got ahead of his capacity to self-regulate. Flawlessly executed the wrong plan.
Re:Twitter alerted employees all office buildings closed and...
by nocoiner on Friday November 18, 2022 @12:32AM
(#33650776)
Well said! He flawlessly executed on a bear hug acquisition strategy. Unfortunately… he turned out not to be the bear.
Re:Twitter alerted employees all office buildings closed and...
by whatshisface on Friday November 18, 2022 @02:24AM
(#33651442)
I think I could have bought twitter for $44B too.
So Twitter of course accepted the deal, Musk (voluntarily) signed the merger agreement, and that was that - he was indeed locked into buying the company (subject to certain conditions - receipt of regulatory approvals, Twitter shareholders approving the merger, stuff like that).
This was not like hitting a lucky streak at the craps table and waking up 12 hours later with a new wife. The decision to purchase was deliberate. Doesn’t mean he didn’t develop buyer’s remorse after - he most certainly did - but the threatened tender offer, the rich, target-friendly merger agreement - this is exactly how you aggressively and deliberately pursue ownership of a big public company.