Everything I'm reading about this Twitter purchase has been a disaster
General Elon Musk Fukkery Thread
- Thread starter Armchair Militant
- Start date
still too early.
I say give it time shyt will smooth over.
Even some of these relationships with advertisers
Just enjoy the theatrics for now
Jack Dorsey 'only' had 3% of Twitter and BlueSky was developed within twitter so Musk probably either has a percentage of the company or access to its protocol. Also Dorsey is on that libertarian bullshyt so you know he will inevitably shoehorn bitcoin into BlueSky
Not so much. Musk is WORTH $200+ Billion, but he doesn't have 200+ Billion; it's all stakeholders in Tesla, SpaceX, Etc.
For this $44 Billion deal, Musk used about $13-$17B of his own Tesla stock; the rest was provided to him in loans and personal wealth from others.
Because of this deal, Twitter owes about $1 Billion in Interest annually now, and if Musk can't make that, he has to leverage his Tesla stock to pay it.
But this is where this story becomes Prime Rib. Tesla is currently OVERVALUED. It's Price-Earnings ratio is 70, where with other Automobile companies like Ford and GM, your looking at 6. So if Tesla's stock bottoms out, that $200+ Billion, might just become $20 Billion (Just spitballing a number), especially if we do get a recession then no one will be buying his cars for the most part because they are pricey.So imagine Elon, going from $200B, to now $20B... owing at least $13 Billion to Banks, WITH INTEREST.
Oh, and Twitter... it gets DELISTED officially from the stock market on the 8th.
Plus... he owns Twitter now... what if one his friends tweets shyt about China or Russia? Elon going to answer calls from Xi, and Putin; threatening to hurt his business.
So basically you have puts on TslaNot so much. Musk is WORTH $200+ Billion, but he doesn't have 200+ Billion; it's all stakeholders in Tesla, SpaceX, Etc.
For this $44 Billion deal, Musk used about $13-$17B of his own Tesla stock; the rest was provided to him in loans and personal wealth from others.
Because of this deal, Twitter owes about $1 Billion in Interest annually now, and if Musk can't make that, he has to leverage his Tesla stock to pay it.
So imagine Elon, going from $200B, to now $20B... owing at least $13 Billion to Banks, WITH INTEREST.
Oh, and Twitter... it gets DELISTED officially from the stock market on the 8th.
Plus... he owns Twitter now... what if one his friends tweets shyt about China or Russia? Elon going to answer calls from Xi, and Putin; threatening to hurt his business.
So basically you have puts on Tsla
Be the richest person on the planet, to lose everything, because you couldn't handle the smoke but wanted to control the fire.
BigBlackSea
All Star
Musk Fanboys on suicide watch if this happensNot so much. Musk is WORTH $200+ Billion, but he doesn't have 200+ Billion; it's all stakeholders in Tesla, SpaceX, Etc.
For this $44 Billion deal, Musk used about $13-$17B of his own Tesla stock; the rest was provided to him in loans and personal wealth from others.
Because of this deal, Twitter owes about $1 Billion in Interest annually now, and if Musk can't make that, he has to leverage his Tesla stock to pay it.
So imagine Elon, going from $200B, to now $20B... owing at least $13 Billion to Banks, WITH INTEREST.
Oh, and Twitter... it gets DELISTED officially from the stock market on the 8th.
Plus... he owns Twitter now... what if one his friends tweets shyt about China or Russia? Elon going to answer calls from Xi, and Putin; threatening to hurt his business.
TheDarceKnight
Veteran
Musk Fanboys on suicide watch if this happens
TheDarceKnight
Veteran
Right? I've noticed a LOT of the people that whine all the time about cancel culture really just want to say the most overtly vile and disgusting things possible.
TheDarceKnight
Veteran
"Imagine buying a platform for 44 million dollars, firing half the staff and then being like "wow. Revenue is down. Must be the activists.""
Not so much. Musk is WORTH $200+ Billion, but he doesn't have 200+ Billion; it's all stakeholders in Tesla, SpaceX, Etc.
For this $44 Billion deal, Musk used about $13-$17B of his own Tesla stock; the rest was provided to him in loans and personal wealth from others.
Because of this deal, Twitter owes about $1 Billion in Interest annually now, and if Musk can't make that, he has to leverage his Tesla stock to pay it.
So imagine Elon, going from $200B, to now $20B... owing at least $13 Billion to Banks, WITH INTEREST.
Oh, and Twitter... it gets DELISTED officially from the stock market on the 8th.
Plus... he owns Twitter now... what if one his friends tweets shyt about China or Russia? Elon going to answer calls from Xi, and Putin; threatening to hurt his business.
seems like the blue check is going well 
End of the day twitter will be fine. Elon just stroking his ego right now.