Did you notice the cannabis references in his statement. Offer was 54.20 and he said it should go to the Highest bidder.. LOL.
OT: Stock and Investment Talk
- Thread starter RU-05
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Did you notice the cannabis references in his statement. Offer was 54.20 and he said it should go to the Highest bidder.. LOL.
This bid is more to do with trolling the SEC than buying the company. He said he wants free speech for the world. He should start with China. The country Tesla sells most of their product.
Read an article that most NFT trades are just a couple of guys painting the market to keep the value up.
A crypto entrepreneur bought an NFT of Jack Dorsey's first tweet for nearly $3 million and tried to sell it for $48 million. The top bid is less than $7,000.
"Someone like Elon Musk" deserves to own Jack Dorsey's first tweet as an NFT, the struggling seller said.finance.yahoo.com
I read about some of the same nonsense. I do think there is a place for NFTs but right now I’d rather buy a beanie babies collection on eBay. BTW, Shaq is nothing but a crypto-NFT shill. He’s made millions just through crypto endorsements and pretty sure doesn’t spend his own cash to buy NFTs.
Watch out! He says he has a "plan B" if the direct purchase doesn't work out.
He said something like I like dogs and meme, so Dogecoin. LOL
He actually said he had funding secured but was forced to plead guilty. LOL
Gold Jerry
I put the majority of the cash I took out of the market in the fall into NFT's, couldn't be happier. If you can sort through the garbage, ponzies and other nonsense, there are some great investments there. Much better than Beanie Babies.
Happiness is important. My best returns are non-financials and by accident.
Twitter board adopts 'poison pill' after Musk's $43 billion bid to buy company
The board voted unanimously to adopt the plan.
Not that Musk cares, but he may have gone too far with this one. His Twitter prank isn’t impressing the investment/analyst community and he’s facing a class-action lawsuit which could have huge numbers assuming claimants can establish damages.
The Twit Board isn't exactly doing the shareholders a great service either. For 92% of its existence, Twitter stock has been below the offered price, but yet this magical "intrinsic value" is going to pop the stock any day now.
It's a security, not a security blanket.
Agree. The poison pill was a terrible idea. It's going to push most shareholders towards Musk. If he really wants this he can get it. We'll see how bad he wants it.
But if someone outbids him he still wins by getting a quick gain.
Doesn’t the poison pill make it a major uphill battle for Musk or others at this point? While I’m not impressed with Twitter’s execution in the messaging space, it was trading at $70 not that long ago and has suffered the same fate as most tech stocks. So, a $54.20 is sort of a joke IMO (aside from the weed reference).
Yes, it makes it harder but he could still do it. They enacted it after he made the bid which makes it kind of a joke. I'm sure he could sue them for that. It seems to be designed to protect the board and management and not for the benefit of shareholders.
I read that it would be a 15% dilution to the current shareholders. At the end of the day its going to be about who the majority of shareholders are backing. The stock performance has been really bad and there doesn't seem to be a plan in place to improve the company. The board doesn't have much of an argument for saying no to the offer.
I'm sure they are working 24hrs a day to try to find another buyer.
I haven’t read their specific Shareholder Rights Plan but generally they are a defense mechanism that can be used to thwart a hostile takeover (or at least make it more expensive.). It doesn’t generally apply to any takeover; but rather, one that is deemed by the board to not be in the best interests of its shareholders.
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Would love him try to raise the funds to do it. Sell more Tesla and pay more taxes.
Without Musk and the change he would bring to Twitter, shareholders will continue to lose more and more value. They have not monetized their services properly and it's likely too late to correct this mistake. Jack D bailed for a reason.
I don’t disagree but I really don’t follow them closely. My comment was more about Shareholder Rights Plans in general.
Will be interesting to see how much Musk’s dance with Twitter/Tweets ultimately cost himself and Tesla.
www.cnbc.com
Elon Musk's tweets about taking Tesla private were false, new court filing says
A court filing out Friday suggests a judge ruled that CEO Elon Musk knowingly made false statements when he tweeted about a take-private deal for Tesla in 2018.
did he put up a poll yet?Will be interesting to see how much Musk’s dance with Twitter/Tweets ultimately cost himself and Tesla.
Elon Musk's tweets about taking Tesla private were false, new court filing says
A court filing out Friday suggests a judge ruled that CEO Elon Musk knowingly made false statements when he tweeted about a take-private deal for Tesla in 2018.
Jack Dorsey “What I do know for sure is that this old Silicon Valley proverb is grounded in age-old wisdom that still applies today: Good boards don’t create good companies, but a bad board will kill a company every time.”
westphaliantimes.com
Jack Dorsey says the Twitter board has "consistently been the dysfunction of the company"
News for all
westphaliantimes.com
Nice beat for BOA. And no recession in sight:
Bank of America executives bullish after profit beat
Bank of America executives bullish after profit beat
I started buying financials about a month ago and it’s been nothing but red. At least most of them pay healthy dividends.
Yup. Popped to begin the year and then red for 5-6 weeks. However, banks should trend up as the year goes along.
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I have been patiently waiting to buy more GOOGL at <$2500 and NVDA at <$210. Both keep floating around this price, but still not under yet.
Started buying USD (Proshares semi 2x etf). I made a quick 50% with SOXL, but decided to go with a slightly less volatile option for a longer play.
Good read on the economy:
Scanning the horizon for signs of recession
Despite rising rates and inflation, key data suggests any slowdown is a ways off.
Started buying USD (Proshares semi 2x etf). I made a quick 50% with SOXL, but decided to go with a slightly less volatile option for a longer play.
Good read on the economy:
Scanning the horizon for signs of recession
Despite rising rates and inflation, key data suggests any slowdown is a ways off.
Recession | US economy | Fidelity
Volatile markets, inflation, an inverted yield curve and higher interest rates don't mean a recession is near in the US. Learn more here.
www.fidelity.com
Key takeaways
- Geopolitical, supply chain, and policy challenges are pushing up inflation and interest rates, which are contributing to financial market volatility.
- Despite these challenges, the US economy is continuing to grow and remains in the mid-cycle phase of the business cycle when stock prices may continue to rise despite volatility.
- A variety of factors are likely to keep the US economy from sliding into recession in the short term, including strong gross domestic product (GDP) and consumer spending, low unemployment, and rising wages.
The Man - talking about talk day and fleeing out of bonds:
.....https://www.youtube.com/watch?v=f9zBhKza9uo&list=WL&index=20
Another good analysis.....Fed actions baked in the market:
.....https://www.youtube.com/watch?v=8VKvf9wn-lo&list=WL&index=20
.....https://www.youtube.com/watch?v=f9zBhKza9uo&list=WL&index=20
Another good analysis.....Fed actions baked in the market:
.....https://www.youtube.com/watch?v=8VKvf9wn-lo&list=WL&index=20
Just recovered from covid last week thanks to the vaccine. I didn’t think I would get it since it’s been about 2 years and I started to think I was immune. Persistent dry cough basically that hurt my ribs when I coughed. No fever and no loss of taste or smell. Lasted 2-3 days and cough subsided. I realized later that I probably had covid last year because I had the same dry cough before with the ribs hurting but lasted only 2 days and didn’t get tested. I thought it was my allergies. The vaccine made it quick and dirty.
Probably got the virus at the poker table where no one was wearing a mask. I’ll get my second booster in the fall.
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