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How? The laws absolutely allow for hostile takeovers. If Twitter gets to determine what to censor because it's a corporation, well, they get to get bought like
by musingsole 4y ago
How? The laws absolutely allow for hostile takeovers. If Twitter gets to determine what to censor because it's a corporation, well, they get to get bought like one too.
- systemvoltage 4y agoThe mental gymnastics going on in this thread is crazy. Let's separate two concerns: 1) Belief system – whether you philosophically support Elon's take over or not 2) Objective facts, corporate finance and legal aspects of what's going on All I can see in this thread is 1) masquerading as 2).
- TMWNN 4y ago>All I can see in this thread is 1) masquerading as 2). Indeed. One would have hoped that Hacker News would be immune from Reddit/Twitter-style "Anything I don't like is illegal/unconstitutional", but apparently not. "Someone buying up shares of a company before he announces a hostile takeover is inside information and thus illegal!" Good grief.
- lcrmorin 4y agoDepends if the offer is made in good faith. If not, this would really look like market manipulation.