Elon Musk now owns 9.2% of twitter...update.. will soon be the sole owner as Board of Directors accepts his purchase offer

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Fenixgoon

Lifer
Jun 30, 2003
32,156
11,025
136
You have 1k followers?

doubt-it-i-dont-believe-you.gif
All bots/spam accounts ;)
 
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IronWing

No Lifer
Jul 20, 2001
70,266
29,008
136
Have to admit all of this is super entertaining.

As far as Twitter usability I have not really noticed anything different myself but I am expecting to shed at least 1,000 followers once the bots get purged, Elon recently hinted at that coming very soon.

I don't think Elon is planing to make money with this, this is mostly a play toy for his own entertainment. Can't blame him, even billionaires have to have a bit of fun with their money. Not all purchases have to be smart financially when you have virtually unlimited money.
Thousands of people lost their jobs over a bit of fun.
 

MrSquished

Lifer
Jan 14, 2013
23,155
21,281
136
Have to admit all of this is super entertaining.

As far as Twitter usability I have not really noticed anything different myself but I am expecting to shed at least 1,000 followers once the bots get purged, Elon recently hinted at that coming very soon.

I don't think Elon is planing to make money with this, this is mostly a play toy for his own entertainment. Can't blame him, even billionaires have to have a bit of fun with their money. Not all purchases have to be smart financially when you have virtually unlimited money.
Our new Elon cultist has checked in.

This is hilarious.
 

uclaLabrat

Diamond Member
Aug 2, 2007
5,586
2,946
136
Not sure what is a bigger indictment of our system: that one company run by a feckless fuckwit troll can give massive corps a 10% haircut on their market cap, or that one company run by a feckless fuckwit troll can give massive corps a 10% haircut on their market cap.
 

Red Squirrel

No Lifer
May 24, 2003
68,531
12,647
126
www.anyf.ca
You have 1k followers?

doubt-it-i-dont-believe-you.gif


4k, but I suspsect at least 1k of those is bots. That, and people trying to use it as a dating site, I have 100's of DMs asking for some "fun". lol.


Thousands of people lost their jobs over a bit of fun.

Thousands lost their jobs because of covid narrative and nobody seemed to care at that time. They can always find another job, right? ;)
 

sdifox

No Lifer
Sep 30, 2005
97,031
16,248
126
4k, but I suspsect at least 1k of those is bots. That, and people trying to use it as a dating site, I have 100's of DMs asking for some "fun". lol.




Thousands lost their jobs because of covid narrative and nobody seemed to care at that time. They can always find another job, right? ;)


You are comparing Musk to COVID? Musk already has an inflated ego. He doesn't need your help.
 

JEDI

Lifer
Sep 25, 2001
29,391
2,736
126
Hm.. if Twitter declares bankruptcy, Elon only loses half of the $44b because fools.. er.. creditors loaned him the other half.

Hm.. or does he even save more since his Tesla stock collateral is also off the table?

Or was that Elon's intention all along since he was forced to buy Twitter? (Because of his big mouth)
 

Red Squirrel

No Lifer
May 24, 2003
68,531
12,647
126
www.anyf.ca
Hm.. if Twitter declares bankruptcy, Elon only loses half of the $44b because fools.. er.. creditors loaned him the other half.

Hm.. or does he have even more since he Tesla stock collateral is also off the table?

Whoever buys it gets to ban him, so it's probably still worth a lot lol.
 

Zorba

Lifer
Oct 22, 1999
15,282
10,879
136
Hm.. if Twitter declares bankruptcy, Elon only loses half of the $44b because fools.. er.. creditors loaned him the other half.

Hm.. or does he even save more since his Tesla stock collateral is also off the table?

Or was that Elon's intention all along since he was forced to buy Twitter? (Because of his big mouth)
If Tesla stock is collateral, it's secured debt, in a bankrupt the creditor of secured debt either gets their money or the collateral.
 

Dave_5k

Golden Member
May 23, 2017
1,925
3,681
136
If Tesla stock is collateral, it's secured debt, in a bankrupt the creditor of secured debt either gets their money or the collateral.
Musk tried to go collateral route instead of cash, banks refused, is why Musk had to sell Tesla stock and pay $27 billion of his own cash as part of the purchase. My understanding is the $13 billion of new bank debt included as part of financing Twitter purchase is unsecured other than by Twitter assets, which is why some offers on the debt were as low as 60% of par value this week.
 
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NWRMidnight

Diamond Member
Jun 18, 2001
3,048
2,654
136
ands lost their jobs because of covid narrative and nobody seemed to care at that time. They can always find another job, right? ;)
Excuse me?

COVID wasn't a narrative. It was reality slapping you in your dumbass face, a deadly one at that. For those of us who lost friends, family, and/or had friends/family became disabled due to COVID, we firmly say "FUCK YOU!".

If you said that in person to me, you would be picking yourself up off the ground and taking your teeth home in a Ziploc bag..

COVID/Narrative... What a stupid fuck you are. And yes, I took it personal because it is.
 
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cytg111

Lifer
Mar 17, 2008
24,027
13,536
136
Jesus Fuckdancing Christ
Silver linings: If a huge part of the R demographic did NOT believe in the “narrative”, there is a good chance you would not have taken the Senate right now. As the old pirate saying goes, dead men tell no tales… and definitely dont vote.
 

conehead433

Diamond Member
Dec 4, 2002
5,566
899
126
Wonder how soon Musk will declare bankruptcy for Twitter. It wasn't worth buying and after he figures out the cash burn to keep it going it's only a matter of time. Pissing away $44 billion has to be the dumbest financial move any single individual ever made.
 
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Heartbreaker

Diamond Member
Apr 3, 2006
4,340
5,464
136
Wonder how soon Musk will declare bankruptcy for Twitter. It wasn't worth buying and after he figures out the cash burn to keep it going it's only a matter of time. Pissing away $44 billion has to be the dumbest financial move any single individual ever made.

The extra dumb thing, is even after he bought it, there was probably a reasonable route to profit if new features were just introduced in a sober, well thought through way.

Instead Musk's "leadership" has been a clown show, and I say that with apologies to clowns...
 

cytg111

Lifer
Mar 17, 2008
24,027
13,536
136
Wonder how soon Musk will declare bankruptcy for Twitter. It wasn't worth buying and after he figures out the cash burn to keep it going it's only a matter of time. Pissing away $44 billion has to be the dumbest financial move any single individual ever made.
I just assumed that Musk knew or understood something we didnt? I think I speak for the majority here that if we ponder the situation at Twitter, the scope of the operation, its user base and after years and years of trying to make the machine turn a profit, it had just arrived at a “natural” equilibrium within its confining factors, factors being in part cost-benefit for companies to run ads there, maintaining lawfulness and moderation. For all Elons talents those are not really rockets he can make turn around and magically land again.
*shrugs*
You just imagine that if there was easy wins that would suddenly make it turn a hefty profit, they’d done it way before Elon arrived at the scene. Its not like Twitter is, was, the Boeing of social networks.