![Zaid Profile](https://pbs.twimg.com/profile_images/1600155603179130884/uvPuU_Xd_x96.jpg)
Zaid
@OkayItsZaid
Followers
1K
Following
1K
Statuses
44K
Owner of Free Smoke Vape and Smoke Shop! 😈💨😈💨. IG: @OkayItsZaid
Atlanta Ga
Joined September 2010
Levels!
What Elon Musk just did in his $97 billion bid for OpenAI is genius. The previous go-private price was $40 billion. He’s playing chess. Here’s why. Delaware courts apply something called the “Revlon” rule to M&A bidding situations. When a board decides to sell a company, their legal fiduciary duty shifts to getting the highest price for shareholders. But OpenAI isn’t a normal company. It started as a nonprofit, then created a for-profit arm, OpenAI LP, to raise investment. That structure creates a legal gray area. Musk’s bid isn’t just about buying OpenAI. It’s about forcing a decision. If OpenAI’s board even considers transitioning fully into a for-profit company, Musk’s bid puts them in a position where they might have to apply Revlon rules, maximizing value just like any other corporate sale. It’s a strategic move that could expose whether OpenAI is still mission-driven or if it’s already just another big tech company playing by Wall Street rules. And that’s the real play. Musk is challenging OpenAI’s leadership on both a legal and ethical level, testing whether their decisions align with their original vision or the financial incentives of investors like Microsoft. Sam Altman and OpenAI’s board rejected Musk’s offer outright. But that response raises more questions than it answers. You see, they probably have a duty to create a special committee, consider all offers and entertain an auction. If OpenAI isn’t a company that can be bought, why did they take billions in investment? If they are a company that can be bought, why turn down $97 billion? Either way, Musk has put them in a position where they have to justify their existence, not just to him, but to the Delaware Chancery Court.
0
0
0
RT @theseaintjokesb: This is why the NBA won’t do a tournament with 1’s lol this is EXACTLY why
0
4K
0
You Can’t consider the truth disrespect
I've watched & listened from a far as U @CameronNewton talk about @Panthers! None of us are perfect. Yes We were 2-14 before you blessed us w ur presence. The way you have talked about @panthers lately I'm very disappointed. I wish u nothing but the very best. I'm done !!! ✌️
0
0
0
@Vhoyde So how do we judge it objectively? Ur statements moreso expresses distrust over not approving specific actions. It’s pretty easy to see DOGE has been a big win so far, neither side should want all the waste they’ve exposed. More ppl want their side to win over actual progress
0
0
0
RT @FlyoutChase: Only one rapper can give us a solo masterclass for the superbowl halftime show….but he is a schizophrenic with a porn addi…
0
250
0
RT @karthikpuru91: the revolution indeed is a celebrity shitting on another celebrity without any impact on anyone else whatsoever
0
960
0