WelshBloke
Lifer
- Jan 12, 2005
- 32,886
- 11,028
- 136
- Jan 2, 2001
- 25,257
- 4,866
- 136
Sounds to me like he's selling shares.
"Jared Birchall approached Twitter’s shareholders on Thursday afternoon, according to two people familiar with the matter. He offered new shares in the company at $54.20 "
"Elon Musk is seeking new investors for Twitter Inc. at $54.20 a share, the same price he paid when he took the company private for $44 billion in October and kicked off a contentious overhaul. "
"Ross Gerber, president and CEO at Gerber Kawasaki Wealth & Investment Management, told Reuters that he was contacted by a Musk representative about offering more shares at the same price, $54.20, that Musk paid to take the company private in October."
Elon Musk's team seeks new funding for Twitter, investor says
Elon Musk’s team has reached out to investors to raise new funds for his struggling social media platform Twitter, one of the investors said.
Geez, that is beyond delusional. Sure, we'll pay $54 a share for a company you just decimated that wasn't even worth that much when you bought it
.Supposedly the video Elon posted has been gelocated to near pasadena.
I see a few possibilities.
Someone was tracking the flight and staked out the airport. The last flight location tracked at the time was LAX. They waited until some fancy looking car was leaving and started following it. Security confronted the person near Pasadena then let them go so they could tell Elon (no police report has been found).
Or
This is from an incident that happened in the past not related at all to any flight tracking
Or
He made it up.
WelshBloke
Lifer
- Jan 12, 2005
- 32,886
- 11,028
- 136
Now I'm not a capitalist at all. I pretty much ignore the financial markets, its not my thing.Sounds to me like he's selling shares.
"Jared Birchall approached Twitter’s shareholders on Thursday afternoon, according to two people familiar with the matter. He offered new shares in the company at $54.20 "
"Elon Musk is seeking new investors for Twitter Inc. at $54.20 a share, the same price he paid when he took the company private for $44 billion in October and kicked off a contentious overhaul. "
"Ross Gerber, president and CEO at Gerber Kawasaki Wealth & Investment Management, told Reuters that he was contacted by a Musk representative about offering more shares at the same price, $54.20, that Musk paid to take the company private in October."
Elon Musk's team seeks new funding for Twitter, investor says
Elon Musk’s team has reached out to investors to raise new funds for his struggling social media platform Twitter, one of the investors said.www.reuters.com
But, as I understand things, Twitter is a private company. To sell shares Elon would have to make it public. He's selling something but its not ownership of the company.
WelshBloke
Lifer
- Jan 12, 2005
- 32,886
- 11,028
- 136
I've never been to LAX but I assume that it's a pretty busy airport! The idea of being able to work out what car someone is leaving the airport by what time their flight came in sounds dubious .
More likely that it was a random window cleaner guy (or similar) that accosted the car at a stop signal?
That's an interesting euphemism for "self-inflicted crisis".
He should change his name to Husk. As that's all that's going to be left of Twitter.
MomentsofSanity
Lifer
- Jan 25, 2011
- 17,026
- 9,478
- 146
It’s just private placement. You don’t need to be listed to sell shares of your company. You’re just not listing it in the free for all trading markets.
Thump553
Lifer
- Jun 2, 2000
- 12,837
- 2,622
- 136
I think I understand now. Not only will the potential investors grossly overpay for their shares (paying the inflated price did and not taking into effect all his subsequent actions to tank the company) but the shares will also be illiquid, as there will be next to no way to resell them.
Sounds like a super great deal, but I've already sunk my life savings into Trump NFT trading cards.
MrSquished
Lifer
- Jan 14, 2013
- 26,060
- 24,367
- 136
If you want investors for your private businesses, you are basically letting them invest in x amount of the business for x amount of money. Whether you say it's for a 5 percent equity stake, you still have to assign that 5 percent a value. You can use the phrase shares as well. He is using his purchase price as the valuation for Twitter, for the same amount of equity for the same proportion of the company, which he bought at x dollars per share.
So if you want to invest to own 10% equity in Twitter at that same valuation, it would be 4.4 billion, which comes out to the same per share price he paid.
So if you want to invest to own 10% equity in Twitter at that same valuation, it would be 4.4 billion, which comes out to the same per share price he paid.
WelshBloke
Lifer
- Jan 12, 2005
- 32,886
- 11,028
- 136
As I said I'm not a great follower of the capitalistic dream so the stock market is not something I pay a lot of heed to.
So who says how much these shares are worth if they aren't on the open market? What are they backed by? Do I own a bit of the company if I buy some?
So would you get 10% of control over the company's policies? Can you insist Musk be 10% less of a dickhead?
WelshBloke
Lifer
- Jan 12, 2005
- 32,886
- 11,028
- 136
ch33zw1z
Lifer
- Nov 4, 2004
- 39,665
- 20,229
- 146
yep, u might even get banned for saying so. Or liking a post of someone else saying so
MrSquished
Lifer
- Jan 14, 2013
- 26,060
- 24,367
- 136
feralkid
Lifer
- Jan 28, 2002
- 16,843
- 4,941
- 136
MomentsofSanity
Lifer
- Jan 25, 2011
- 17,026
- 9,478
- 146
Price is based on what the seller is willing to take. It’s not subject to the same pricing issues as market trading. If someone isn’t willing to pay what they ask they just don’t sell.
As a buyer you would absolutely own a piece of the company. It’s how many companies are structured before going public. Privately held interests. Either bought or given as payment. Usually when the company was in its early stages trying to generate operating capital.
private companies that aren't traded on public markets can still have shares in the company that employees/investors own. those owners of private companies share profits not unlike public company shareholders. often, the goal is to become public at some point and those shares tend to be worth much more than the initial/current valuation, though not always the case.
skyking
Lifer
- Nov 21, 2001
- 22,727
- 5,865
- 146
LAX is huge, but the FBO ( Fixed Base Operator ) ramp area is off away from the terminals. It would be easy enough to figure out which FBO the plane was taxied to. Just listen to the ground frequency for that plane's N number.
Now the car is pulling out of 1 security gate or leaving a parking lot in front of a business.
There are only two FBOs at LAX.
KMFJD
Lifer
- Aug 11, 2005
- 32,126
- 50,888
- 136
Dude is getting margin called because his TSLA stock is collateral for Twitter loan. The more TSLA goes down, the more he's forced to sell, making TSLA go down even more. Couldn't have happened to a nicer guy
more people are saying it, including Fortune...sounds bad
Fenixgoon
Lifer
- Jun 30, 2003
- 33,160
- 12,606
- 136
And stock being stock, the more people think it's going to be bad the more of a self-fulfilling prophecy it becomes (or, the likelihood of it happening, anyway)
Fanatical Meat
Lifer
- Feb 4, 2009
- 35,862
- 17,403
- 136
I’ve wanted a Tesla Power Wall to compliment our (non Tesla) solar system for awhile now.
Admittedly I am no where near purchase however when I am I do have to consider that it may be possible that I get locked out of my battery because I said something Elon doesn’t like online. No way that doesn’t enter the decision when we are ready to purchase.
skyking
Lifer
- Nov 21, 2001
- 22,727
- 5,865
- 146
to hell with that. I will be doing something along these lines.
https://bigbattery.com/products/48v...E_aH1OcpHQuHi985tWXStV9srO9wJ-yxoCQrEQAvD_BwE
I would not put a plug nickel in that guy's pocket.
Besides that^, they are only selling powerwalls for homeowners in conjunction with their VERY overpriced solar panels or roofs.
IronWing
No Lifer
- Jul 20, 2001
- 72,446
- 33,042
- 136
I'm a big fan of LiFePo batteries: denser power than lead, no thermal runaway, and cleaner chemistry than lead or Li-ion.
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