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Can we buy our way back?
submitted 3 years ago by nolivesmatter from self.censorship
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[–][deleted] 9 insightful - 2 fun9 insightful - 1 fun10 insightful - 1 fun10 insightful - 2 fun - 3 years ago (1 child)
Twitter has 5,200,000,000 shares of capital stock, sold at $53.26 per share — and this can change quickly.
In order to buy more than half (2,600,000,001) shares: you would need $138.48B. For scale: this is approximately fifty-six Donald Trumps, or five percent of the federal deficit for 2020 (rounding up). Keep in mind: Twitter doesn't pay dividends, so you wouldn't be making any of this money back.
This is assuming investors are actually willing to sell — and they probably won't be if you only pay market price. Ideologues like Jack Dorsey will probably never sell, preferring to grip onto power like a Middle Eastern dictator.
[–]JasonCarswell 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 1 fun2 insightful - 2 fun - 3 years ago (0 children)
Nice!
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[–][deleted] 9 insightful - 2 fun9 insightful - 1 fun10 insightful - 1 fun10 insightful - 2 fun - (1 child)
[–]JasonCarswell 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 1 fun2 insightful - 2 fun - (0 children)