My First Million EMERGENCY POD: ELON BUYING TWITTER - Our Reaction and Explanation (Hilarious)
Apr 14, 2022
The hosts dive into Elon Musk's bold move to take over Twitter, discussing everything from his motivations to the potential fallout. They humorously dissect the implications of centralized ownership in social media, weighing the consequences for free speech. The conversation also touches on Musk's personal background and how it may influence his obsession with truth. They make light of the decline of traditional news in favor of engaging platforms, adding a twist of humor to the serious topics at hand.
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Elon's Offer
- Elon Musk offered to buy Twitter for $54.20 per share, a premium over its current valuation.
- His "best and final" offer included a letter stating he'd reconsider his shareholder position if rejected.
Twitter's Stock Performance
- Twitter's stock hasn't performed well historically, making a premium offer appealing to shareholders.
- Elon Musk suggested retaining private shareholders, even if they don't vote for the takeover.
Twitter's Value
- Twitter is undervalued and under-monetized, despite its cultural relevance.
- Its ad platform is considered subpar compared to competitors like Snapchat.