Apple Plans Rescue for $17 Billion Watch Business in Face of Ban Apple Watch

https://www.bloomberg.com/news/articles/2023-12-18/apple-plans-rescue-for-17-billion-watch-business-in-face-of-ban

1.7k Upvotes

94% Upvoted

u/MondoBleu Dec 19 '23 edited Dec 19 '23

Why? Just buy enough of shares on the open market to vote a new board, then do a licensing deal.

-5

u/LloydIrving69 Dec 19 '23

See Elon Musk and Twitter. Doesn’t work that way.

5

u/A-Delonix-Regia Dec 19 '23

Isn't Twitter suffering because of what he did after buying Twitter, with "free speech", blue check marks, and such stuff? I don't see how this would be the same.

3

u/LloydIrving69 Dec 19 '23

The above commenter said to just buy the shares on open market. It doesn’t work like that. Elon kept buying more shares, but the board just said lol no here’s more shares to dilute it even further. The same can happen again.

1

u/LloydIrving69 Dec 19 '23

Also you are thinking of after the fact. I’m speaking of before he actually took over