It’s almost a forgone conclusion Musk will be “forced” to buy Twitter, hence this headline today.
This raised an additional 6.9 Billion for up to 15.4B possible cash on hand (April he did the same) taken this year on his expected 44B purchase. The point of the sales is to buy shares owed for hitting past performance which thankfully triggers a hefty tax bill for the second year in a row for the world’s wealthiest man. This second of likely four grouped sell-offs that I expect this year, needed for the entire bill plus taxes, would not be done for any other reason given that the shares owed aren’t near expiring.
Musk intends to control Twitter, the most important portal for initially pushing out disinformation in our lifetime that then winds up being reposted and shared via Facebook. He will do that by cutting a settlement deal, not paying the full 44B purchase price agreed on harping on issues known prior to his offer, that of bots, many of which likely are tied to he and his friends anyhow.
Let’s face it. Twitter clones have been made aplenty. They, like Twitter currently, aren’t making money despite a fairly large consumer base to sell ads. Frankly, it is easy to see why, given how they lack well placed banner ads that capture more revenue, in addition to allowing criminal gangs to stalk and traumatize its user base working alongside them, but I digress.
Elon will force a discounted purchase price, likely reducing his personal costs to acquire the platform for somewhere in the 33-36B sometime purchased next year giving Peter Thiel’s former partner the ability to control informational flow prior to what could be the last free and fair Presidential election in 2024.
Frankly, Twitter isn’t required to prove anything as per contract. That makes all this ridiculous posturing intended for show, with the will he or won’t he manipulating both Tesla and Twitter price per share.
I also expect Musk, just as he and allies placed pressures on Twitter before screwing things up with his own bad press, to ramp up the attacks on the platform, fund a large spike in bot creation and do all sorts of manipulation. It’s Musk after all.
Before those press notes, Project Veritas was walloping Twitter with its “date” and bait work ensnaring unsuspecting employees to talk openly disparagingly while secretly recording. Only two of those videos dropped. More will, because of the “media” ops Project Veritas is quite efficient in industrial espionage and conspiracy creation for team authoritarian.
So what can slow this down past 2024?
Lawsuits, regulatory oversight saying no, and indictments. That last one, dependent on many ifs, like does the Fed really want to enforce laws regarding stock manipulation and Musks ravaging investment portfolios essentially transferring billions from tens of thousands of Americans into his pockets, or are they too going to give the man a free pass just as they did with Trump in the late 80s and 90s whenever he would spread a rumor he was buying a company taking it private but wasn’t.