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Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll

 
Coastie Patriot

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04/14/2022 01:24 PM

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Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
Musk on Wednesday night sent a letter to Twitter offering to take the company private for $41 billion
He called it his 'best and final offer' and insisted 'I am not playing the back-and-forth game'
Twitter's board of directors is meeting Thursday morning and says it will 'carefully review the proposal'
Offer represents a 38% premium to the closing price of Twitter's stock on April 1, but is below last year's highs
Musk currently owns more than 9% of Twitter's stock and recently turned down a board seat
Shares of Twitter jumped 5.6 percent at the opening bell Thursday, to $48.40 -- below Musk's offer price
It indicated that the market remains skeptical that Musk's takeover bid will be successful
Musk has amassed over 80 million Twitter followers since joining the site in 2009


A Saudi prince who's a major shareholder in Twitter has rejected Elon Musk's offer to buy the firm while hinting that he wants more money.

Alwaleed bin Talal made the announcement on Twitter itself Thursday morning, writing: 'I don't believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects. Being one of the largest & long-term shareholders of Twitter, @Kingdom_KHC & I reject this offer.'

KHC is the Saudi-based holding company bin Talal operates. He also shared a grab of a tweet from 2015, in which he announced Kingdom KHC had upped its stake in Twitter to 5.7 per cent. It is unclear how much the investment firm now owns. Musk - whose 9.2 per cent stake is the biggest of any shareholder - made his sensational bid for the company early Friday.



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04/14/2022 01:30 PM
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
The great and power Oz is a Saudi Prince.

boom33
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04/14/2022 01:32 PM

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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
The great and power Oz is a Saudi Prince.

boom33
 Quoting: Anonymous Coward 81709404


gomer
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St Tidbits the Odd

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04/14/2022 01:38 PM
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
Now if only Musk (or any billionaire) would step in and acquire a 'shitload' of Ag to break the COMEX/LBMA etc....
Soulless fake humans are already AI.
They get triggered by particular words, symbols etc. They can't really bother about the meaning. They just look for the trigger words. Their language & comprehension skills are 0.
Some bots have bods, others don't.
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04/14/2022 01:38 PM
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
Musk on Wednesday night sent a letter to Twitter offering to take the company private for $41 billion
He called it his 'best and final offer' and insisted 'I am not playing the back-and-forth game'
Twitter's board of directors is meeting Thursday morning and says it will 'carefully review the proposal'
Offer represents a 38% premium to the closing price of Twitter's stock on April 1, but is below last year's highs
Musk currently owns more than 9% of Twitter's stock and recently turned down a board seat
Shares of Twitter jumped 5.6 percent at the opening bell Thursday, to $48.40 -- below Musk's offer price
It indicated that the market remains skeptical that Musk's takeover bid will be successful
Musk has amassed over 80 million Twitter followers since joining the site in 2009


A Saudi prince who's a major shareholder in Twitter has rejected Elon Musk's offer to buy the firm while hinting that he wants more money.

Alwaleed bin Talal made the announcement on Twitter itself Thursday morning, writing: 'I don't believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects. Being one of the largest & long-term shareholders of Twitter, @Kingdom_KHC & I reject this offer.'

KHC is the Saudi-based holding company bin Talal operates. He also shared a grab of a tweet from 2015, in which he announced Kingdom KHC had upped its stake in Twitter to 5.7 per cent. It is unclear how much the investment firm now owns. Musk - whose 9.2 per cent stake is the biggest of any shareholder - made his sensational bid for the company early Friday.



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 Quoting: Coastie Patriot


Now I know who is controlling the titter narrative. Interesting.
Horse lover fats
Anonymous Coward
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04/14/2022 01:39 PM
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
Interesting who owns Facebook, Twitter, and all other social media which YOU the public post your personal garbage. And, you worry about your privacy!! Assholes!!

- The Midnight Sun



.
Anonymous Coward
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04/14/2022 01:52 PM
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
If twitter goes to Musk that might put a major hurting on Dems next presidential election. If the Saudi's are upset about the Iran dealings of this admin they just might allow it. They are not being to friendly to this admin these days.
Cannabis Thrills People!....

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04/14/2022 01:55 PM
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
I don't believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects. Being one of the largest & long-term shareholders of Twitter, @Kingdom_KHC & I reject this offer.'


So a 5.7% shareholder can single-handedly veto an offer from a 9% shareholder to buy the remaining unbought shares? Is that how that works?

Never been on the board of a corporation or a majority shareholder in anything - a bit of a peasant I'm afraid - so pardon my ignorance in such matters.

Last Edited by Cannabis Thrills People!.... on 04/14/2022 01:55 PM
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Anonymous Coward
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04/14/2022 01:57 PM
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
Musk on Wednesday night sent a letter to Twitter offering to take the company private for $41 billion
He called it his 'best and final offer' and insisted 'I am not playing the back-and-forth game'
Twitter's board of directors is meeting Thursday morning and says it will 'carefully review the proposal'
Offer represents a 38% premium to the closing price of Twitter's stock on April 1, but is below last year's highs
Musk currently owns more than 9% of Twitter's stock and recently turned down a board seat
Shares of Twitter jumped 5.6 percent at the opening bell Thursday, to $48.40 -- below Musk's offer price
It indicated that the market remains skeptical that Musk's takeover bid will be successful
Musk has amassed over 80 million Twitter followers since joining the site in 2009


A Saudi prince who's a major shareholder in Twitter has rejected Elon Musk's offer to buy the firm while hinting that he wants more money.

Alwaleed bin Talal made the announcement on Twitter itself Thursday morning, writing: 'I don't believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects. Being one of the largest & long-term shareholders of Twitter, @Kingdom_KHC & I reject this offer.'

KHC is the Saudi-based holding company bin Talal operates. He also shared a grab of a tweet from 2015, in which he announced Kingdom KHC had upped its stake in Twitter to 5.7 per cent. It is unclear how much the investment firm now owns. Musk - whose 9.2 per cent stake is the biggest of any shareholder - made his sensational bid for the company early Friday.



[link to www.dailymail.co.uk (secure)]
 Quoting: Coastie Patriot


Now I know who is controlling the titter narrative. Interesting.
 Quoting: Horse lover fats


Disgusting. We have a guy who is trying to help to do the right thing for free speech and we have a sleezy Saudi Prince keeping it from happening. Greed.
FightForGod!

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04/14/2022 01:57 PM
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
This is why I said PUTS at open...
1 Corinthians 6:9-10 ESV

Or do you not know that the unrighteous will not inherit the kingdom of God? Do not be deceived: neither the sexually immoral, nor idolaters, nor adulterers, nor men who practice homosexuality, nor thieves, nor the greedy, nor drunkards,
Anonymous Coward
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04/14/2022 02:01 PM
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
Interesting who owns Facebook, Twitter, and all other social media which YOU the public post your personal garbage. And, you worry about your privacy!! Assholes!!

- The Midnight Sun



.
 Quoting: Anonymous Coward 82842002



Bingo

-White Gloves
Anonymous Coward
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04/14/2022 02:02 PM
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
Twitter is like a bathroom stall with a felt tip marker duct taped to it. It is intrinsically worth less than the establishment the bathroom is in.
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04/14/2022 02:02 PM
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
Musk on Wednesday night sent a letter to Twitter offering to take the company private for $41 billion
He called it his 'best and final offer' and insisted 'I am not playing the back-and-forth game'
Twitter's board of directors is meeting Thursday morning and says it will 'carefully review the proposal'
Offer represents a 38% premium to the closing price of Twitter's stock on April 1, but is below last year's highs
Musk currently owns more than 9% of Twitter's stock and recently turned down a board seat
Shares of Twitter jumped 5.6 percent at the opening bell Thursday, to $48.40 -- below Musk's offer price
It indicated that the market remains skeptical that Musk's takeover bid will be successful
Musk has amassed over 80 million Twitter followers since joining the site in 2009


A Saudi prince who's a major shareholder in Twitter has rejected Elon Musk's offer to buy the firm while hinting that he wants more money.

Alwaleed bin Talal made the announcement on Twitter itself Thursday morning, writing: 'I don't believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects. Being one of the largest & long-term shareholders of Twitter, @Kingdom_KHC & I reject this offer.'

KHC is the Saudi-based holding company bin Talal operates. He also shared a grab of a tweet from 2015, in which he announced Kingdom KHC had upped its stake in Twitter to 5.7 per cent. It is unclear how much the investment firm now owns. Musk - whose 9.2 per cent stake is the biggest of any shareholder - made his sensational bid for the company early Friday.



[link to www.dailymail.co.uk (secure)]
 Quoting: Coastie Patriot


Now I know who is controlling the titter narrative. Interesting.
 Quoting: Horse lover fats


Disgusting. We have a guy who is trying to help to do the right thing for free speech and we have a sleezy Saudi Prince keeping it from happening. Greed.
 Quoting: Anonymous Coward 17151429



Nope.

Power, influence, control.


.
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04/14/2022 02:06 PM
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
The Saudis own Twitter. It’s a propaganda tool. Doesn’t take a genius to put two and two together…if you want freedom of speech it’s going to come at a premium.
Anonymous Coward
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04/14/2022 02:14 PM
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
I don't believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects. Being one of the largest & long-term shareholders of Twitter, @Kingdom_KHC & I reject this offer.'


So a 5.7% shareholder can single-handedly veto an offer from a 9% shareholder to buy the remaining unbought shares? Is that how that works?

Never been on the board of a corporation or a majority shareholder in anything - a bit of a peasant I'm afraid - so pardon my ignorance in such matters.
 Quoting: Cannabis Thrills People!....


Well, if he were to buy out all the others EXCEPT for this guy's 5.7%, wouldn't Musk still own 94.3%?
Anonymous Coward
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04/14/2022 02:38 PM
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
I don't believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects. Being one of the largest & long-term shareholders of Twitter, @Kingdom_KHC & I reject this offer.'


So a 5.7% shareholder can single-handedly veto an offer from a 9% shareholder to buy the remaining unbought shares? Is that how that works?

Never been on the board of a corporation or a majority shareholder in anything - a bit of a peasant I'm afraid - so pardon my ignorance in such matters.
 Quoting: Cannabis Thrills People!....


No he can't veto shit
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04/14/2022 02:43 PM
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
The prince has no say in this matter as he stands now. the board is required by law to do what is best for twitter shareholders and this is a massive good price for something most people see as a mess.
Anonymous Coward
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04/14/2022 02:47 PM
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
Now we know why Taliban Jack rejected many Christian and conservative websites. Twitter was majority owned by ARABS !!!

Sure, Taliban Jack and South Indian-Paki man Parag Agarwal can manipulate Twittock's algorithms but they sure do bow to their Arabic masters' biddings. If only to also control and block the Twitr account of the most popular US president of them all: Donald Trump.
measure

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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
I don't believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects. Being one of the largest & long-term shareholders of Twitter, @Kingdom_KHC & I reject this offer.'


So a 5.7% shareholder can single-handedly veto an offer from a 9% shareholder to buy the remaining unbought shares? Is that how that works?

Never been on the board of a corporation or a majority shareholder in anything - a bit of a peasant I'm afraid - so pardon my ignorance in such matters.
 Quoting: Cannabis Thrills People!....


He isn’t single handedly vetoing it. He’s simply stating he doesn’t want to sell his shares for that price. If those shares are required for someone to own 51% of voting shares Musk couldn’t complete his bid for owning twitter by tendering that offer.

While I doubt those 5.7% are required for Musk to own majority voting shares, I also doubt most other voting shareholders would agree to sell for just a 30% premium. I think what this is, by Musk announcing this is the only offer he is going to make, is a threat by Musk that they either accept this 30% premium or he’s going to move to attempt a hostile takeover, which could be very painful and very costly for holdout minority shareholders.

Of course my experience comes from privately held corporations so I could be wrong about publicly held corporate buyouts but I wouldn't think strategies are all that much different. He needs to gain control of the voting shares.
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
Elon is South African.

.
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
Looks like Twitter will lose. Elon Is a hardcore,hard one, think ethical wealth bomb.
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
NOW JACK DORSEY BEARDED MUZZZSLIME LOOK MAKES SENSE...

jihad2
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
So supposedly twitter is bought by Elon because majority agrees to the price and wants to cash out. What is jack dorsey going to do with all the cash? Buy more BTC... bullish for BTC methinks.
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
Dorsey is a total nut job who pushed global communism.
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04/14/2022 03:10 PM

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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
GO ELON GO!!
The World needs free speech again!!
Liberal heads are exploding!

If the board refuses a sale profiting shareholders an increase of 38%... Elon will dump his stock and twitter will tank.
Essentially destroyed
Checkmate!!!

Would love to be a little fly on the wall for their "all hands on deck" 5pm meeting....

Last Edited by Butterfly girl on 04/14/2022 03:11 PM
To everything there is a season, and a time to every purpose under heaven... A time to weep, and a time to laugh; a time to mourn, and a time to dance....
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
they always chose the wrong side, this one will come back to haunt them when Iran Invades their asses
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04/14/2022 03:18 PM
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
Ha Ha Ha Ha Ha, he either takes over the company or destroys it, plus he has a powerful ally in the Appey Army of those investors who created havoc with GameStop and will jump at his giving the word to roll on the market!
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
Ha Ha Ha Ha Ha, he either takes over the company or destroys it, plus he has a powerful ally in the Appey Army of those investors who created havoc with GameStop and will jump at his giving the word to roll on the market!
 Quoting: Anonymous Coward 73939125


clappa
measure

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Dorsey is a total nut job who pushed global communism.
 Quoting: Anonymous Coward 82189784


One thing you all have to remember about these companies and people who are considered a face for these companies is that the WEF has really clamped the vice down with these fucked up GSE scores. Not that I’m defending jackasses like Dorsey or companies like Disney especially when someone like Elon Musk flips the bird to the WEF and their GSE scores (Tesla has one of the worst GSE scores, while the product they create, their reason for being, should dictate a good GSE score all because Musk won't play ball with their woke agenda).

I don't know exactly when they implemented the bullshit GSE scores but you can probably figure that out by exactly when all these people and companies went woke retard. GSE stands for Government, social, environment. Companies are scored in these 3 categories and it's not real clear or transparent on exactly what affects the scores in these 3 categories. That’s why you have so many companies doing such retarded shit trying to raise their scores. The total GSE scores are visible though and they directly affect a companies ability and cost to do business. Mostly from ability to acquire funding and the rates they will pay but i’m sure it affects other things like cost of insurance or whether or not they can even be insured.

So you’ve got a lot of people and companies fumbling around in the dark on how to raise their scores. One thing they do know, and can see, is Disney and Microsoft have some of the best GSE scores and Tesla has one of the worst. Disney and Gates are two of the biggest woke and globalist retards so they probably figure best way to raise GSE score is to act retarded.

We have got to find a way to get rid of the bullshit GSE scores because as it is now they are crucially important to whether or not a business can function.
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04/14/2022 03:28 PM
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll
this is elon being nice.i may have to talk to the prince on behalf of big E.
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Re: Major Twitter shareholder Prince Alwaleed bin Talal of Saudi Arabia REJECTS Elon Musk's $54.20-a-share attempts to buy firm but hints he'll





GLP