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Why Musk's Twitter Bid Was Accepted Just 10 Days After Poison Pill Activation
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Elon Musk appears to have executed the perfect hostile takeover in an era where digital microphones have the power to move markets. The Technoking of Tesla (TSLA - Free Report) is officially taking Twitter private after fighting past the board’s poison pill with a $44 billion all-cash offer that the board couldn’t refuse.
Behind the scenes, Twitter’s banking partners had been whispering in board members’ ears about the difficulty of achieving this type of public market valuation if Musk’s offer was not accepted.
Musk’s platform improvements to Twitter would likely include new features like an edit button and long-form tweets. His professed new governance would eliminate fake accounts/bots, improve censorship measures (free-speech), authenticate users, and provide a transparent “open-source” algorithm.
Musk has hinted at ridding Twitter of its reliance on ad revenue while praising the company’s recently released subscription services (which could be a hint about his plan).
From my perspective, Elon is preparing Twitter for the next decentralized iteration of the internet, Web3, which is expected to give the power/monetization back to the users.
I wouldn’t be surprised if Musk had designs on turning Twitter into a decentralized autonomous organization (DAO) utilizing blockchain-backed tokens for capital and ownership distribution.
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Why Musk's Twitter Bid Was Accepted Just 10 Days After Poison Pill Activation
Elon Musk appears to have executed the perfect hostile takeover in an era where digital microphones have the power to move markets. The Technoking of Tesla (TSLA - Free Report) is officially taking Twitter private after fighting past the board’s poison pill with a $44 billion all-cash offer that the board couldn’t refuse.
Behind the scenes, Twitter’s banking partners had been whispering in board members’ ears about the difficulty of achieving this type of public market valuation if Musk’s offer was not accepted.
Musk’s platform improvements to Twitter would likely include new features like an edit button and long-form tweets. His professed new governance would eliminate fake accounts/bots, improve censorship measures (free-speech), authenticate users, and provide a transparent “open-source” algorithm.
Musk has hinted at ridding Twitter of its reliance on ad revenue while praising the company’s recently released subscription services (which could be a hint about his plan).
From my perspective, Elon is preparing Twitter for the next decentralized iteration of the internet, Web3, which is expected to give the power/monetization back to the users.
I wouldn’t be surprised if Musk had designs on turning Twitter into a decentralized autonomous organization (DAO) utilizing blockchain-backed tokens for capital and ownership distribution.