Musk offers to buy Twitter in cash....

SoonerP226

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And this is all thanks to Bill Clinton and his telecommunications act back in 96 or 98. I wouldn’t doubt if Soros or the Chinese had their fingers in those six or so corporations to own them all.
Yeah, the Telecommunications Act of 1996 belongs to the GOP--they had full control of Congress in '96. All Slick Willie did was sign the bill.
 

RugersGR8

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SlugSlinger

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Here’s some more Elon fun:


Elon Musk says ‘woke mind virus’ makes Netflix ‘unwatchable’

Ariel Zilber
Tesla CEO Elon Musk says that "woke mind virus" is making Netflix "unwatchable."
Tesla CEO Elon Musk tweeted that Netflix is now "unwatchable." Bloomberg via Getty Images
Elon Musk said Netflix is shedding subscribers because its programming has been infected by the “woke mind virus” which has made the streaming service “unwatchable.”

Tesla’s billionaire boss was reacting to Netflix’s share price tanking in pre-market trading on Wednesday after the California-based company revealed it had lost 200,000 subscribers between January and March of this year.

The company expects that it will lose an additional 2 million subscribers by the end of the second quarter.

Musk did not specify which content on Netflix was “woke” though the company has been criticized for programming deemed by some to be provocative.

Earlier this year it released “He’s Expecting,” a Japanese-language comedy drama about a man who becomes pregnant.

Another recently released documentary, “Vikings: Valhalla,” was criticized for inaccurately depicting women as Viking warriors.

Last year, however, Netflix was criticized by LGBTQ activists and their supporters for not censoring Dave Chappelle’s standup special which included jokes and comments about transgender people.

Netflix’s 26% tumble after the bell on Tuesday erased about $40 billion of its stock market value. Since it warned in January of weak subscriber growth, the company has lost nearly half of its value.


It was the first time in more than 10 years that Netflix reported a decrease in the number of paid subscribers.

The company said inflation, the war in Ukraine, and fierce competition among streaming services was leading to an erosion of its customer base.

The lagging subscriber growth prompted Netflix for the first time to say it might offer lower-priced version of the service with advertising.



Does Elon move markets you might ask?

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okcBob

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Yeah, the Telecommunications Act of 1996 belongs to the GOP--they had full control of Congress in '96. All Slick Willie did was sign the bill

 

SoonerP226

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You're going to have to elaborate on your point here; the paragraph and a half I could read without subscribing to the WSJ didn't exactly seem to have any bearing on my statement.
 

Seadog

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Yeah, the Telecommunications Act of 1996 belongs to the GOP--they had full control of Congress in '96. All Slick Willie did was sign the bill.
You’re right. You are right the Republicans had a simple majority The assault weapons ban of 1994 cost the Democrats big. The road to hell is paved with good intentions. Supposed to increase selection and decrease price. And old wet Willy did sign that into law.

Doesn’t change the fact that outside sources can buy and influence American businesses. It doesn’t change the fact that China and Soros probably do own a large portion of American media
 

SlugSlinger

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Elon Musk Secures $46.5 Bn In Funding For Twitter Bid; Says Negotiation Of Deal Underway

Tesla CEO Elon Musk claims to have secured $46.5 billion in finance to purchase Twitter and is in the process of negotiating a deal with the firm.


Tesla Inc Chief Executive Officer (CEO) Elon Musk claims to have secured $46.5 billion in funding to purchase Twitter and is in the process of negotiating a deal with the firm. Musk made an offer to buy the social networking company for $54.20 per share, or $43 billion, last week. However, he did not explain how he planned to fund the purchase at the time, The Associated Press (AP) reported. In documents filed with US securities authorities, the Tesla CEO said he is considering a tender offer to buy all of the social media platform's common stock for $54.20 per share in cash.

Musk, who owns roughly 9% of the Twitter stock, would make a tender offer to other shareholders instead of going via the board. According to a new SEC filing, Morgan Stanley would lend over $20 billion in various loans to Musk. Meanwhile, a total of $21 billion will be raised through stock financing, Forbes reported. Musk hasn't made a formal tender offer for Twitter yet, but now that he's revealed additional specifics about how he'd fund a purchase, it could happen soon.

Musk is yet to hear from Twitter about his proposed deal
As per the Forbes report, Musk's fortune is estimated to be worth over $260 billion, but nearly all of it is invested in Tesla stock and other illiquid assets. To make the deal work, he will need to borrow money and maybe sell Tesla stock, the report added. Since going public with his $54.20 a share proposal a week ago, Musk claims he has not heard from the Twitter board. While Musk has retained the services of Morgan Stanley, Twitter has retained Goldman Sachs and JPMorgan.

READ | Elon Musk puts up opinion poll to ask shareholders to decide on his Twitter bid
Musk purchased a huge 9.2% stake in Twitter this month
Except for Musk, no one is mentioned in the SEC filing, according to Forbes. A number of Wall Street firms, including Apollo and Thoma Bravo, were said to be interested in participating in the financing for the Twitter deal. However, they don't appear to be interested in joining Musk in his bid for Twitter. It is worth mentioning here that Musk purchased a massive 9.2% stake in Twitter Inc. on Monday, April 4. This came weeks after the billionaire criticised the micro-blogging site for compromising on free speech and had flaunted the idea of launching his social media.
 
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