Technology Elon Musk: The Worlds Richest Man

[Laskar]

A bunch of other people have already tried that and failed. It's the same problem as with FB, youtube, etc. Any competing service can easily replicate features and capabilities, but the part you can't just code into it is the userbase, you need lots of people to switch to the new thing to get it off the ground. And most people don't have any reason to switch, twitter's various issues, while severe, are invisible to the overwhelming number of regular users. Those people won't switch unless they're forced to, because everyone else already uses twitter.

Oddly enough, the competitors to Twitter and Facebook seem to have a hard time replicating the features. I know that MeWe was missing feeds and the other stuff that made Facebook easy to use, and a lot of people switched back over to Facebook because it was too much trouble to keep track of groups individually.

 

[Agent23]

That's an option, but Elon has a lot of other options, being rich and such. Getting liquidity is expensive, but very doable for him. The LBO example was just an example of how a purchase could be done with little liquidity, not the only example.

Also, he's said he's willing to keep as many minority shareholders as he can, which should lessen the hit as well. He'll probably end up owning like 70%, making it even cheaper.

Shit companies under the threat of a hostile takeover by someone who is, on paper at least, more competent and more willing to drag the company out of the shit should IMHO drive the stock price up, not down.
If the takeover crashes then it will fail, but there is no going around the fact that Musk and whoever wants to throw their lot in with him will have to acquire more stock IMO.

Oddly enough, the competitors to Twitter and Facebook seem to have a hard time replicating the features. I know that MeWe was missing feeds and the other stuff that made Facebook easy to use, and a lot of people switched back over to Facebook because it was too much trouble to keep track of groups individually.

Yeah, those projects were all done on the cheap and there wasn't enough momentum behind them, as in the media disregarded them or called them nazis like with Parler, Minds and Gab.
Moreover, there weren't enough big names moving there that could bring in followers and create a critical mass.
But Musk is huge and him eating his own dogfood would have helped hugely.

 

[Sergeant Foley]

No, he doesn't even have the money to actually do it, he will have to liquidate massive amounts of Tesla stock for starters, for something that makes zero money.
Even getting the other shareholders to give him the chairmanship is highly unlikely.

Translation: Musk will fall short.

 

[Agent23]

Translation: Musk will fall short.

That is just my view, and I think he is just pumping and dumping and/or trying to lure the woke goons into a more complex trap.
Twitter is a bad bet given the situation, but it is good for one final pump and dump before the market bubble pops.

 

[Abhorsen]

Shit companies under the threat of a hostile takeover by someone who is, on paper at least, more competent and more willing to drag the company out of the shit should IMHO drive the stock price up, not down.
If the takeover crashes then it will fail, but there is no going around the fact that Musk and whoever wants to throw their lot in with him will have to acquire more stock IMO.

It did drive the stock up, what does that have to do with anything? Musk made an offer price that's still higher than the current price. He has the financing to purchase it, because if he didn't, he'd run smack into the SEC again.

Now he may not actually follow through with it, but he needs to have the capability to register with the SEC. The idea that he somehow can't get liquidity when he's likely the most liquid billionaire ever right now is absurd.

 

[The Whispering Monk]

I think Musk has contingencies in place for most situations involving Twitter.

I think my favorite part is how much this is highlighting the Twitter Board. Shows just how much they don't care about their shareholders.

 

[Agent23]

It did drive the stock up, what does that have to do with anything? Musk made an offer price that's still higher than the current price. He has the financing to purchase it, because if he didn't, he'd run smack into the SEC again.

Now he may not actually follow through with it, but he needs to have the capability to register with the SEC. The idea that he somehow can't get liquidity when he's likely the most liquid billionaire ever right now is absurd.

Stocks are as liquid as the number of buyers and the amount of money they have.
Right now we are going into a risk off situation and even the WSB crowd won't touch something with Tesla's absurd P/E ratio, the Big Caps are IMHO gonna start getting shot any day now.
He can sell stock in Tesla to buy Twitter, which is a bad move since Tesla actually makes him some money.
However as I said, I doubt that him selling 20 billion's worth of Tesla stock to buy more Twitter won't impact the Tesla price downward, especially since his charisma and his leadership are big selling points for the company.
IT HAS ABSURD VALUATIONS, FFS.A P/E RATION OF CLOSE TO 1000, THIS IS INSANE, NO INSTITUTIONAL OR BIG, INDEPENDENT INVESTOR WILL BE MAD ENOUGH TO BUY ALL OF THAT, NOT NOW, THE HISTORIC AVERAGE IS SOMEWHERE AROUND 15.FFS Tesla's market cap is something like VW and Toyota's, combined, and multiplied by 3.
Sure, he can use them as collateral, but what happens if he gets a margin call.
He is basically selling junk to get even bigger junk.

 

[Abhorsen]

Stocks are as liquid as the number of buyers and the amount of money they have.
Right now we are going into a risk off situation and even the WSB crowd won't touch something with Tesla's absurd P/E ratio, the Big Caps are IMHO gonna start getting shot any day now.
He can sell stock in Tesla to buy Twitter, which is a bad move since Tesla actually makes him some money.

Again, HE'S ALREADY LIQUID. He doesn't have to sell more. How many times do I have to say this?

However as I said, I doubt that him selling 20 billion's worth of Tesla stock to buy more Twitter won't impact the Tesla price downward, especially since his charisma and his leadership are big selling points for the company.

Again, this already happened. The results of this have already been priced in. He's still the majority shareholder, no massive dip.

IT HAS ABSURD VALUATIONS, FFS.A P/E RATION OF CLOSE TO 1000, THIS IS INSANE, NO INSTITUTIONAL OR BIG, INDEPENDENT INVESTOR WILL BE MAD ENOUGH TO BUY ALL OF THAT, NOT NOW, THE HISTORIC AVERAGE IS SOMEWHERE AROUND 15.FFS Tesla's market cap is something like VW and Toyota's, combined, and multiplied by 3.
Sure, he can use them as collateral, but what happens if he gets a margin call.
He is basically selling junk to get even bigger junk.

Third time, it's already sold. Tesla has jack shit to do with this anymore.

He has plenty of finance options, including SpaceX, etc. If he didn't have some way to do the purchase, he couldn't have registered this with the SEC without being sued incredibly hard.

 

[Agent23]

Again, HE'S ALREADY LIQUID. He doesn't have to sell more. How many times do I have to say this?


Again, this already happened. The results of this have already been priced in. He's still the majority shareholder, no massive dip.


Third time, it's already sold. Tesla has jack shit to do with this anymore.

He has plenty of finance options, including SpaceX, etc. If he didn't have some way to do the purchase, he couldn't have registered this with the SEC without being sued incredibly hard.

Um, not really:
Elon Musk’s Proposed Twitter Takeover Has Already Cost Him $9 Billion

Forbes estimates that Musk has less than $2 billion of cash on hand, after selling more than $16 billion worth of Tesla’s shares late last year and paying $2.6 billion to acquire his Twitter stake in early 2022, leaving many to wonder how Musk might pay to buy up his favorite social media company. He’s already pledged more than half his 21% Tesla stake as collateral for loans, and a Tesla corporate policy limits his borrowing to 25% of the pledged shares’ value.

Yahoo Finance has him at around 3BN cash, btw.

 

[Bear Ribs]

Even Jack Dorseys' now slamming the Twitter board for the poison pill.

 

[Agent23]

Even Jack Dorseys' now slamming the Twitter board for the poison pill.

Guy is probably hoping to offload some of his stock.
If Elon really wants to force change he should go to Dorsey and ask him for his proxy power.
They should livestream it on twitch and YT or something.

 

[Battlegrinder]

I think my favorite part is how much this is highlighting the Twitter Board. Shows just how much they don't care about their shareholders.

That's not entirely the case. Musk has offered to buy Twitter at 54 dollars a share, which is more than it's worth now but less than the recent peak of 70 dollars from last year. If they think twitter is just at a low point right now and will eventually go up (which is not unreasonable), selling now isn't in the shareholders interest.

I believe they also have an obligation to look after the long term health of the company, not just the next quarter. If they think Musk will ruin the company, they probably shouldn't just sit by and let him do that as long he pays up.

 

[Agent23]

That's not entirely the case. Musk has offered to buy Twitter at 54 dollars a share, which is more than it's worth now but less than the recent peak of 70 dollars from last year. If they think twitter is just at a low point right now and will eventually go up (which is not unreasonable), selling now isn't in the shareholders interest.

I believe they also have an obligation to look after the long term health of the company, not just the next quarter. If they think Musk will ruin the company, they probably shouldn't just sit by and let him do that as long he pays up.

Low point, LOW POINT!
Have you seen their EPS and P/E ratios?
This is a business that has been losing money systematically since its inception,and it has been around for over 16 years.
The fact that a massive bubble pushed its price very high for a while is immaterial.

 

[Battlegrinder]

Low point, LOW POINT!
Have you seen their EPS and P/E ratios?
This is a business that has been losing money systematically since its inception,and it has been around for over 16 years.
The fact that a massive bubble pushed its price very high for a while is immaterial.

Ok, so they could be acting in good faith to pursue a delusional out of reach goal. Wouldn't be the first time. cough Lambert cough.

 

[Bear Ribs]

It's come out that aside from Jack Dorsey, who openly disagrees with the rest of them, the entire board owns around 70 total shares, perhaps 0.12%, of Twitter... combined. This has raised a few red flags as none of them stand to actually lose if the company does.

 

[Cherico]

It's come out that aside from Jack Dorsey, who openly disagrees with the rest of them, the entire board owns around 70 total shares, perhaps 0.12%, of Twitter... combined. This has raised a few red flags as none of them stand to actually lose if the company does.

fire them all.

 

[Bacle]

Not a bad way to look at how to judge a platform's policies; if both the extreme left and extreme right are unhappy, then you are probably in a good middle ground.

 

[Battlegrinder]

Not a bad way to look at how to judge a platform's policies; if both the extreme left and extreme right are unhappy, then you are probably in a good middle ground.

That would seem to argue that twitter is fine, as the extreme left unhappy it's not banning nazis (by which they mean anyone that's not them), and nazis are upset they keep getting banned.

 

[Bacle]

That would seem to argue that twitter is fine, as the extreme left unhappy it's not banning nazis (by which they mean anyone that's not them), and nazis are upset they keep getting banned.

Nah, the extreme left has gripes with Twitter, but they don't get banned unless it's something really aggregous; actual nazi's (and people just right of center on the whole) have far less leciency and more bias directed towards them.

 

[Battlegrinder]

Nah, the extreme left has gripes with Twitter, but they don't get banned unless it's something really aggregous; actual nazi's (and people just right of center on the whole) have far less leciency and more bias directed towards them.

I think you misread my point. Both the fringes are unhappy with how twitter runs, therefore per Musk's logic it's running fine. The fact that twitter is biased and doesn't apply it's rules evenly isn't something he cites.