Pivot Emergency Bonus Episode: Now Elon's Really Ready to Buy Twitter at $54.20
Oct 4, 2022
Kara and Scott dive into Elon Musk's revived offer to buy Twitter, unpacking his motivations and the legal challenges ahead. They explore the implications for corporate governance and shareholder interests, raising questions about operational changes post-acquisition. The unpredictable nature of Musk's decisions adds a layer of intrigue, sparking discussions on the potential impacts on his other ventures. The hosts mix humor with insightful analysis, making sense of the chaos surrounding one of the tech world’s most notorious figures.
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Elon's Motivation
- Elon Musk wants to avoid going under oath, where uncomfortable questions could arise.
- These questions might concern his contact with figures like Donald Trump or affiliates of Putin.
Twitter Board’s Position
- Twitter's board is obligated to represent shareholders, primarily Vanguard and BlackRock.
- They cannot settle for less than $54.20 because it would not be in the shareholders' best interest.
Knock-on Effects
- Morgan Stanley faces potential losses due to loan commitments made at lower interest rates.
- Tesla's stock may decline as Elon Musk focuses on Twitter, and Truth Social's value might decrease if Trump returns to Twitter.