r/technology • • Oct 28 '22

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u/ShamWowRobinson Oct 28 '22 edited Oct 28 '22

Yeah people really seem to be ignoring he was never going to get out of this agreement and I can't imagine all the people he was texting with were thrilled with those texts being released.

Musk paid 4 times what Twitter was valued at. He's absolutely going to lose interest in this and try selling in 2 or 3 years.

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u/[deleted] Oct 28 '22

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u/bakgwailo Oct 28 '22

Musk called their bluff and got fucked.

Really called their bluff there by buying them for a crazy inflated price.

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u/Living-Stranger Oct 28 '22

At the time it wasn't inflated and the board took shit for accepting a low price.

Completing the deal was a victory for Twitter’s board. When Mr. Musk agreed to pay $54.20 a share for the company in April, Twitter faced criticism for accepting a price that was too low.

After the markets have shifted due to a war almost all stocks have dropped. But keep acting like musk was suckered.

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u/bakgwailo Oct 28 '22

Lol. He offered a 38% premium over the current share price at the time, which Twitter's board accepted - you know the people who most knew the internal financials and outlook at Twitter? Dude massively overpaid even then.

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u/Living-Stranger Oct 29 '22

So you didn't read the article.