![Kurt Profile](https://pbs.twimg.com/profile_images/1858318671615254528/YnJBKjCT_x96.jpg)
Kurt
@kurtgx
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WingFoiling, African Grey Parrots, Building, Law, Computers, Tesla, Gym, Running, etc
San Rafael, CA
Joined December 2013
RT @TheEXECUTlONER_: 🚨Strong Language alert🚨 To say this man is pissed off, livid, or outraged-is an understatement. But he isn't wrong.…
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RT @kellyinvegas: I know this is political (even though it shouldn’t be) but why are people opposing auditing the federal government? I wan…
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RT @nayibbukele: That’s exactly what judges were doing in El Salvador in 2021… So we impeached them all and then proceeded to fix the coun…
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Fascinating. More to come in all likelihood.
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.
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While dressed like this? 🫠
JUST IN: Rep. Anna Paulina Luna announces she will lead the Task Force on the Declassification of Federal Secrets. They include: - 9/11 files - Jeffrey Epstein files - JFK killing - Sen. Robert F. Kennedy's killing - Dr. Martin Luther King Jr. killing - COVID-19 origins - UFOs
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@marwilliamson @ragcast What is really undemocratic is for the countey to be driven into bankruptcy by our leaders without our knowledge and against our will while Democrats and other politicians get rich.
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RT @MarksmenCapital: @Mark_R_Mitchell Excellent. They should seek legal help. They'll need it. Yes, audit all government spending. We need…
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RT @ScottPresler: No one is taking the Wisconsin Supreme Court election seriously. The democrats are outraising us. If we don’t elect B…
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