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> couldn’t Twitter have simply told him to buzz off when he proposed buying the company There are very few accounts here on HN that will sympathize with such a
by OneLeggedCat 4y ago
> couldn’t Twitter have simply told him to buzz off when he proposed buying the company
There are very few accounts here on HN that will sympathize with such an extremely uncapitalist, anarchist take.
- rodgerd 4y agoIt seems more syndicalist leaning to me, but yes. HN seems an odd place to bemoan a company taking the offer of a huge premium on its stock price.
- janalsncm 4y agoThe point is that even if Twitter execs personally wanted to say no, they would’ve been sued for not taking such a lucrative deal.
- ojbyrne 4y agoIt was a public corporation, so their options were limited. They did try a poison pill. https://www.cnbc.com/2022/04/15/twitter-board-adopts-poison-pill-after-musks-43-billion-offer-to-buy-company.html https://www.cnbc.com/2022/04/15/twitter-board-adopts-poison-...
- motoxpro 4y agoAlso an illegal take.
- jquery 4y agoThis is where the government should’ve protected our “town square” by blocking the deal (Elon has too many government military entanglements to be allowed to own a social media company, too many conflicts of interest, and Elon’s past history of using Twitter to flagrantly violate the law). Expecting the shareholders not to take the money and run is unreasonable.