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Elon Musk talks Twitter, Tesla and the future — live at TED2022
https://rumble.com/v1148id-elon-musk-talks-twitter-tesla-and-the-future-live-at-ted2022.html?source=patrick.net
23.7% is a very high number
Got cable TV disconnected a decade back. Will never subscribe to cable tv again. Now our tv watching is down to 10 minutes through a $25 antenna. I can't tolerate television.
Gary Black, the Managing Partner of The Future Fund, said: “The $TWTR board’s interests aren’t aligned with TWTR shareholders.
“The board serves to represent shareholders.
“If they refuse to act in the best interest of SHs, they should be removed and replaced by new board members who understand their fiduciary obligations.
“Let me point out something obvious: If @elonmusk takes $TWTR private, the TWTR board members don’t have jobs anymore, which pays them $250K-$300K per year for what is a nice part-time job.
“That could explain a lot.”
Musk responded with a warning and a reminder there may be more at play here than meets the eye:
“Board salary will be $0 if my bid succeeds, so that’s ~$3M/year saved right there.”
The filing states that Twitter has not responded to Musk’s offer, resulting in his desire to enact a tender offer for the transactions:
“Twitter has not responded to the Proposal. Given the lack of response by Twitter, the Reporting Person is exploring whether to commence a tender offer to acquire all of the outstanding shares of Common Stock… at a price of $54.20 per share, net to the seller in cash.”
A Tender Offer often occurs when an investor proposes buying shares from every shareholder of a publicly-traded company for a specific price at a particular time. The investor typically offers a higher price per share than its stock price, providing shareholders a greater incentive to sell their shares.
According to the filing, Musk has secured $46.5 billion to close the purchase of the company, with Morgan Stanley leading his financing of the deal.
Ms. Alemayehou, 51, has a career that spans both the public and private sectors across emerging markets. She currently serves as Senior Vice President for Public – Private Partnership at Mastercard. Prior to joining Mastercard, Ms. Alemayehou was the Managing Director and a Board member for investment platform Black Rhino Group, a portfolio company of Blackstone, where she focused on the development and acquisition of energy and infrastructure assets across Africa. Ms. Alemayehou was previously appointed by President Obama to serve as Executive Vice President of the Overseas Private Investment Corporation (OPIC). During Ms. Alemayehou’s tenure from 2010 to 2014, OPIC’s portfolio grew by more than 24% to $18 billion and the corporation’s Africa portfolio tripled to nearly $4 billion. Prior to OPIC, Ms. Alemayehou was appointed by President George W. Bush to serve as the United States Executive Director on the Board of Directors of the African Development Bank (AfDB). She received a Distinguished Honor Award for her outstanding service in this role. Ms. Alemayehou has also launched entrepreneurial ventures in consulting.
Dr. Fei-Fei Li is the inaugural Sequoia Professor in the Computer Science Department at Stanford University, and Co-Director of Stanford’s Human-Centered AI Institute. She served as the Director of Stanford’s AI Lab from 2013 to 2018. From January 2017 to September 2018, Dr. Li was Vice President at Google and served as Chief Scientist of AI/ML at Google Cloud. Dr. Li obtained her B.A. degree in physics from Princeton in 1999 with High Honors, and her PhD degree in electrical engineering from California Institute of Technology (Caltech) in 2005. She joined Stanford in 2009 as an assistant professor. Prior to that, she was on faculty at Princeton University (2007-2009) and University of Illinois Urbana-Champaign (2005-2006). Dr. Li is a cofounder and Chairperson of the Board of AI4ALL, a 501(c)(3) nonprofit organization dedicated to increase diverse human representations in the field of AI and technology. She is an elected member of the National Academy of Engineering.
SpaceX shut down a Russian electromagnetic warfare attack in Ukraine last month — and the Pentagon is taking notes
Stephen Losey
Wed, April 20, 2022, 12:02 PM
...
Dave Tremper, director of electronic warfare for the Office of the Secretary of Defense, pointed to SpaceX’s ability last month to swiftly stymie a Russian effort to jam its Starlink satellite broadband service, which was keeping Ukraine connected to the Internet. SpaceX founder Elon Musk steered thousands of Starlink terminals to Ukraine after an official sent him a tweet asking for help keeping the besieged country online.
“The next day [after reports about the Russian jamming effort hit the media], Starlink had slung a line of code and fixed it,” Tremper said. “And suddenly that [Russian jamming attack] was not effective anymore. From [the] EW technologist’s perspective, that is fantastic … and how they did that was eye-watering to me.”
The government, on the other hand, has a “significant timeline to make those types of corrections” as it muddles through analyses of what happened, decides how to fix it and gets a contract in place for the fix.
“We need to be able to have that agility,” Tremper said. “We need to be able to change our electromagnetic posture to be able to change, very dynamically, what we’re trying to do without losing capability along the way.”
...
SpaceX shut down a Russian electromagnetic warfare attack in Ukraine last month — and the Pentagon is taking notes
Once the tender offer is accepted and Elon goes to purchase the shares, won’t the poison pill activate?
One thing I cannot figure out, and I hope someone here can explain to me, how can a tender offer work given the poison pill the board has enacted?
Once the tender offer is accepted and Elon goes to purchase the shares, won’t the poison pill activate? So then based on my understanding, other entities can then go and buy discounted twitter stock so that Elon can’t control, or even if he does gain control, Vanguard or Blackrock will own even larger percentages of the company then they do today?
I doubt this. You can easily overwhelm a satellite by just sending static to it. Unless the Russians don't know what they are doing, OR the satellites point to very specific areas and have shielding. I don't know anything about THESE satellites of course,
"SpaceX beating Russian jamming attack was ‘eyewatering’: DoD official"
https://breakingdefense.com/2022/04/spacex-beating-russian-jamming-attack-was-eyewatering-dod-official/?source=patrick.net
Are there that many Starlink dishes there? Did they ship a bunch in just after the war began or secretly before anticipating it? That's what doesn't make sense to me, the dishes are a single IP address, and meant for residential use.
Buy Twitter and rename it Shitter
Seems to me the board isn't acting in a fiduciary interest. Seem to be operating in a strange manner.
Not when you understand Twitter's purpose is propaganda and to limit communication and censor the public. For all we know, they have a $5 billion dollar yearly contract from the US government for... rental space? It's easy for the government to funnel money to a company under the guise of "national security" now.
I just bought 1000 shares of TWTR at $49.0278, purely on speculation that Elon's bid will work out.
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