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View Full Version : Elon Musk offers to buy Twitter for 43 Billion



1987_Lakers
04-14-2022, 10:16 AM
https://www.cnn.com/2022/04/14/tech/elon-musk-twitter-offer/index.html

John_Connor
04-14-2022, 10:26 AM
won't happen. it's too big of a propaganda news outlet so the democrats will give the top guys/investors kickbacks to keep this from going down. Twitter and Facebook swing elections

Patrick Chewing
04-14-2022, 10:29 AM
Libs are melting down on Twitter right now. Saying that they'll leave for good is Musk takes over. :oldlol:


https://c.tenor.com/qSLuxtqArAMAAAAd/time-for-liberals-start-crying-again-news.gif

Long Duck Dong
04-14-2022, 10:36 AM
won't happen. it's too big of a propaganda news outlet so the democrats will give the top guys/investors kickbacks to keep this from going down. Twitter and Facebook swing elections

It's not just an arm of the white liberal elites to censor Americans who don't agree with their unbending views and ideals. Twitter also has agreements in place with oppressive governments like China, Russia and Venezuela to censor the populace. None of these parties are going to be happy seeing Musk shake things up at Twitter

Long Duck Dong
04-14-2022, 10:38 AM
Libs are melting down on Twitter right now. Saying that they'll leave for good is Musk takes over. :oldlol:


https://c.tenor.com/qSLuxtqArAMAAAAd/time-for-liberals-start-crying-again-news.gif

Liberals need their safe spaces

Off the Court
04-14-2022, 10:41 AM
It's not just an arm of the white liberal elites to censor Americans who don't agree with their unbending views and ideals. Twitter also has agreements in place with oppressive governments like China, Russia and Venezuela to censor the populace. None of these parties are going to be happy seeing Musk shake things up at Twitter
Twitter is banned in both China and Russia :facepalm

Off the Court
04-14-2022, 10:43 AM
I think his offer is all a ploy to jack the stock price of his current shares. He can bid $43B but he doesn't actually have that liquid. I can file a $43B bid too lol.

It's also low enough to where he knows Twitter will reject. Their share price was at $70 just within the last year.

Patrick Chewing
04-14-2022, 10:48 AM
I think his offer is all a ploy to jack the stock price of his current shares. He can bid $43B but he doesn't actually have that liquid. I can file a $43B bid too lol.

It's also low enough to where he knows Twitter will reject. Their share price was at $70 just within the last year.

Low enough? Twitter's total worth is like a third of that amount. He made the shareholders a deal they cannot refuse.

Off the Court
04-14-2022, 10:50 AM
Low enough? Twitter's total worth is like a third of that amount. He made the shareholders a deal they cannot refuse.

His offer is at $54 a share it was at $66 just 6 months ago.

Off the Court
04-14-2022, 10:52 AM
His offer is actually $54.20 because he wanted to put in a "420" for the pot smokers. That's not a joke either :oldlol: :facepalm

Musk :oldlol:

Patrick Chewing
04-14-2022, 10:58 AM
His offer is at $54 a share it was at $66 just 6 months ago.

And it's $46.80 right now as I type this.

Off the Court
04-14-2022, 11:02 AM
And it's $46.80 right now as I type this.
Yeah that doesn't mean they are ready to jump ship at $54. Most of them are in it for the long haul. The other issue as I mentioned earlier is that Musk actually has to cough up $43B in cash.

I mean maybe you're right, maybe they will sell I don't know. I'm just predicting a rejection but I could be wrong.

Long Duck Dong
04-14-2022, 11:42 AM
Twitter is banned in both China and Russia :facepalm

Twitter was temporarily banned in Russia just a little over a month ago. Do you deny Twitter censors all but the most harmless speech at the behest of oppressive governments? Do you honestly think once Russia and China allows Twitter back again they are going to stop censoring the common people all of a sudden?

Off the Court
04-14-2022, 11:56 AM
Twitter was temporarily banned in Russia just a little over a month ago. Do you deny Twitter censors all but the most harmless speech at the behest of oppressive governments? Do you honestly think once Russia and China allows Twitter back again they are going to stop censoring the common people all of a sudden?
I think the entire reason that Twitter is banned in Russia and China is because users can and will speak freely. The idea that Twitter censors out all conservative voices is complete bs. Marjorie Taylor Greene and Trump Jr are on there right now spewing anti-Dem shit and bad talking Biden.

The only notable change I can even see Musk making is unbanning Trump himself. And I think if the take over does happen the entire "free speech" illusion will hinge on Trump's account. If he unbans Trump it will be seen as "free speech restored!" by conservatives. If he doesn't unban that account it will be seen as "nothing has changed".

Twitter can not monitor everyone's political opinions, they have algorithms in place to ban trolls and porn just like any other place. If you get on there and tweet "DIE LIBS DIE!!!" you'll probably get flagged and banned but it won't be because of your politics.

JohnnySic
04-14-2022, 11:56 AM
won't happen. it's too big of a propaganda news outlet so the democrats will give the top guys/investors kickbacks to keep this from going down. Twitter and Facebook swing elections

My thoughts exactly. Twitter is far too important of a social engineering tool for the deep state to allow it to go to someone of questionable loyalties.

The woke libtard agenda cannot stand up to scrutiny. Free speech must be suppressed and dissenters silenced.

Patrick Chewing
04-14-2022, 12:19 PM
I think the entire reason that Twitter is banned in Russia and China is because users can and will speak freely. The idea that Twitter censors out all conservative voices is complete bs. Marjorie Taylor Greene and Trump Jr are on there right now spewing anti-Dem shit and bad talking Biden.

The only notable change I can even see Musk making is unbanning Trump himself. And I think if the take over does happen the entire "free speech" illusion will hinge on Trump's account. If he unbans Trump it will be seen as "free speech restored!" by conservatives. If he doesn't unban that account it will be seen as "nothing has changed".

Twitter can not monitor everyone's political opinions, they have algorithms in place to ban trolls and porn just like any other place. If you get on there and tweet "DIE LIBS DIE!!!" you'll probably get flagged and banned but it won't be because of your politics.

We never said all. But they do censor Conservative voices. Recently, the Babylon Bee was suspended and Juanita Broadrick was suspended indefinitely. I mean, you just don't hear of Liberal pundits being suspended or banned. It's always Conservatives. So there is extreme bias on Twitter. It's not a myth or lie. It's reality.

Patrick Chewing
04-14-2022, 12:20 PM
My thoughts exactly. Twitter is far too important of a social engineering tool for the deep state to allow it to go to someone of questionable loyalties.

The woke libtard agenda cannot stand up to scrutiny. Free speech must be suppressed and dissenters silenced.

But if they don't like it, they can build their own Twitter.

bladefd
04-14-2022, 12:43 PM
Yeah that doesn't mean they are ready to jump ship at $54. Most of them are in it for the long haul. The other issue as I mentioned earlier is that Musk actually has to cough up $43B in cash.

I mean maybe you're right, maybe they will sell I don't know. I'm just predicting a rejection but I could be wrong.

I don't see them selling at that price. I would be surprised if they did. In just November, it was over 60$. The market has been down since then for growth stocks so once the interest rates/inflation stabilizes, Twitter will go up again in value.

If musk can get Twitter to sell at 54, that would be a huge steal for him tbh. I'm sure the Twitter board knows it too.

ZenMaster
04-14-2022, 12:52 PM
I don't see them selling at that price. I would be surprised if they did. In just November, it was over 60$. The market has been down since then for growth stocks so once the interest rates/inflation stabilizes, Twitter will go up again in value.

If musk can get Twitter to sell at 54, that would be a huge steal for him tbh. I'm sure the Twitter board knows it too.

How much did you invest in it?

JohnnySic
04-14-2022, 01:08 PM
Soon:

"Elon Musk is extremely dangerous to Our Democracy"


https://pbs.twimg.com/media/FQUL4OuXIAUyw7M?format=jpg&name=medium

Patrick Chewing
04-14-2022, 01:55 PM
Soon:

"Elon Musk is extremely dangerous to Our Democracy"


https://pbs.twimg.com/media/FQUL4OuXIAUyw7M?format=jpg&name=medium

It's happening already. I think that clown on MSNBC that's married to that Mika slut was mentioning Section 230 or whatever the hell it is. They're in panic mode cause they won't be able to control the narrative.

https://i.ibb.co/gSL1r3k/FQTdc-PJXs-AMQj-Of.jpg

bladefd
04-14-2022, 02:21 PM
How much did you invest in it?

I don't touch social media stocks. Too volatile tbh. There are too many social media platforms too, which raises the risks. Growth stocks are a bad idea right now anyways.

Edit: I think I used to have Pins at one point a while back, which I dumped while back, but I don't know if I would consider it social media.

ZenMaster
04-14-2022, 02:56 PM
I don't touch social media stocks. Too volatile tbh. There are too many social media platforms too, which raises the risks. Growth stocks are a bad idea right now anyways.

Edit: I think I used to have Pins at one point a while back, which I dumped while back, but I don't know if I would consider it social media.

What risk? You just described a sure thing.


n just November, it was over 60$. The market has been down since then for growth stocks so once the interest rates/inflation stabilizes, Twitter will go up again in value.

Patrick Chewing
04-14-2022, 03:01 PM
I don't touch social media stocks. Too volatile tbh. There are too many social media platforms too, which raises the risks. Growth stocks are a bad idea right now anyways.

Edit: I think I used to have Pins at one point a while back, which I dumped while back, but I don't know if I would consider it social media.

It pains me to say this, but Twitter has no rival.

Off the Court
04-14-2022, 03:20 PM
It pains me to say this, but Twitter has no rival.

http://cdn.statcdn.com/Infographic/images/normal/5194.jpeg


Are you sure?

Patrick Chewing
04-14-2022, 03:25 PM
http://cdn.statcdn.com/Infographic/images/normal/5194.jpeg


Are you sure?


Facebook is nothing but ads nowadays. Wouldn't even compare them to Twitter. Twitter's format is what I'm talking about. Not many like it. None as good.

JohnnySic
04-14-2022, 05:32 PM
Footage from the Twitter all-hands-on-deck meeting happening right now:


https://video.twimg.com/ext_tw_video/1514595289688125441/pu/vid/640x360/fldsuG29kxYoRN3k.mp4?tag=12

warriorfan
04-14-2022, 05:42 PM
Off the court has zero muscle definition on his body

bladefd
04-14-2022, 06:35 PM
What risk? You just described a sure thing.

There are better stocks than twitter, such as in the financial & technology sector. I am not waiting more than a year for a $15 gain per twitter share. Elon Musk can afford to wait - also with the number of shares he would have, $15 per share is huge.

There are total of 763m twitter shares. If Elon bought out Twitter and waited a year for $15 gain, he would make $11.4 billion.

highwhey
04-15-2022, 01:41 AM
elon is hilarious. can't help but to admire his style.

Lakers Legend#32
04-15-2022, 03:10 AM
http://cdn.statcdn.com/Infographic/images/normal/5194.jpeg


Are you sure?

Waiting for Poopsie to say, "This is because Twitter banned Trump!"

ArbitraryWater
04-15-2022, 07:34 AM
Facebook dominates cause oldies are on there.

Thats their plattform.

Im 25 and I dont know anyone in my circle or from my school who is still regularly on facebook, checking news there, talking to people....

NO ONE chats with a friend on facebook.

No one.


Thats WA and Insta.

TheMan
04-15-2022, 12:25 PM
It's happening already. I think that clown on MSNBC that's married to that Mika slut was mentioning Section 230 or whatever the hell it is. They're in panic mode cause they won't be able to control the narrative.

https://i.ibb.co/gSL1r3k/FQTdc-PJXs-AMQj-Of.jpg
You're talking about Joe Scarborough? That dude is a legit conservative. I think you're problem with him is that he isn't a Trumptard, amirite?

Patrick Chewing
04-15-2022, 12:48 PM
You're talking about Joe Scarborough? That dude is a legit conservative. I think you're problem with him is that he isn't a Trumptard, amirite?

There is nothing Conservative about Joe Scarborough.

JohnnySic
04-15-2022, 01:01 PM
https://pbs.twimg.com/media/FQW-y5MVsAIpRa-?format=jpg&name=large

bladefd
04-15-2022, 02:14 PM
There is nothing Conservative about Joe Scarborough.

Was he not a lifelong republican? I think he left the party once Trumpeters began taking over.

Norcaliblunt
04-15-2022, 07:11 PM
Elon musk? The autistic guy who literally says he wants to put a chip in your brain? He’s gonna save the world by buying twitter? You can’t even make this shit up at this point. Hopeless.

Patrick Chewing
04-15-2022, 10:23 PM
Elon musk? The autistic guy who literally says he wants to put a chip in your brain? He’s gonna save the world by buying twitter? You can’t even make this shit up at this point. Hopeless.

De que hablas loco de mierda??

Axe
04-15-2022, 11:30 PM
De que hablas loco de mierda??
💩sie ;)

Derka
04-17-2022, 07:50 PM
$43 billion to stop some punk kid from following his private jet around :oldlol:

John_Connor
04-17-2022, 08:00 PM
My thoughts exactly. Twitter is far too important of a social engineering tool for the deep state to allow it to go to someone of questionable loyalties.

The woke libtard agenda cannot stand up to scrutiny. Free speech must be suppressed and dissenters silenced.


$43 billion to stop some punk kid from following his private jet around :oldlol:

imagine if someone waited outside your house every day looking into your windows and following you around every time you left. you wouldn't know what the **** they're up to. you would assume they're gonna rob you or rape and murder you or your family.


people don't realize how insane fans and paparazzi are


https://youtu.be/22mwdKq-dkE


https://youtu.be/uPRAVID5Vt8


https://youtu.be/TQMZ6ob-DCA

https://i.ibb.co/7Qm2jQx/trevor-rees-jones-henro-paul-1500891393.jpg

Derka
04-17-2022, 09:07 PM
Yeah that’s not why Musk is pissed about it at all, lol. Big-mouthed financial/politician types who live in bubbles from whence they preach down to the rest of us don’t have the stomach to be called out for their hypocrisies. Mr. “Electric Cars Will Save The Planet” doesn’t like his CO2-belching private jet flying habits so broadly known, that’s all.

bladefd
04-17-2022, 09:12 PM
Yeah that’s not why Musk is pissed about it at all, lol. Big-mouthed financial/politician types who live in bubbles from whence they preach down to the rest of us don’t have the stomach to be called out for their hypocrisies. Mr. “Electric Cars Will Save The Planet” doesn’t like his CO2-belching private jet flying habits so broadly known, that’s all.

The jet tracking will just move to some website. It doesn't have to be twitter. The data is also open to the public as per law so Elon Musk can't do much about it short of trying to get the law changed

John_Connor
04-17-2022, 09:26 PM
Yeah that’s not why Musk is pissed about it at all, lol. Big-mouthed financial/politician types who live in bubbles from whence they preach down to the rest of us don’t have the stomach to be called out for their hypocrisies. Mr. “Electric Cars Will Save The Planet” doesn’t like his CO2-belching private jet flying habits so broadly known, that’s all.

I don't think Elon musk is an eco friendly stop global warming left wing nut job. he's just taking advantage of those losers that buy his cars. and it's his right to fly wherever he wants whenever he wants. it's called freedom and democracy. there is no such thing as saving the animals or the planet. vegan vegetable fields kill more animals than any pig farmer

so is this guy looking for an " ahaaa gotcha" moment cause all musk gives a damn about is his money and being able to go places without being stalked


it's not illegal to fly in a plane. but tracking a guys every movement can be taken to court and given a cease and desist/restraining order for harassment.

bladefd
04-17-2022, 10:28 PM
I don't think Elon musk is an eco friendly stop global warming left wing nut job. he's just taking advantage of those losers that buy his cars. and it's his right to fly wherever he wants whenever he wants. it's called freedom and democracy. there is no such thing as saving the animals or the planet. vegan vegetable fields kill more animals than any pig farmer

so is this guy looking for an " ahaaa gotcha" moment cause all musk gives a damn about is his money and being able to go places without being stalked


it's not illegal to fly in a plane. but tracking a guys every movement can be taken to court and given a cease and desist/restraining order for harassment.

The plane flight data is public. It's not illegal for someone to access it and post it. It's perfectly legal, and Elon tried to buy off the kid already for like 50k (he is some HS student). The kid asked for something else - brand new Tesla S or something I don't recall right now. If it was illegal, Elon's lawyers would have stopped it a long time ago.

Like I said, buying twitter is not going to change anything except the kid may no longer be able to use twitter for it. He will need to create a website for it. The data is still public unless the law gets altered.

John_Connor
04-17-2022, 11:13 PM
The plane flight data is public. It's not illegal for someone to access it and post it. It's perfectly legal, and Elon tried to buy off the kid already for like 50k (he is some HS student). The kid asked for something else - brand new Tesla S or something I don't recall right now. If it was illegal, Elon's lawyers would have stopped it a long time ago.

Like I said, buying twitter is not going to change anything except the kid may no longer be able to use twitter for it. He will need to create a website for it. The data is still public unless the law gets altered.

I just saw the messages and he offered 5k. the kid asked for 50k. I guess he never got it so he just wanted a car instead and I guess he never got that either.


imagine not being worth 50k to a guy that has almost 100 billion. that's like someone with 2 million dollars not even wanting to pay someone 1$ to go away


so it obviously doesn't bother him that much

ZenMaster
04-18-2022, 04:56 AM
$43 billion to stop some punk kid from following his private jet around :oldlol:

Amazing that people actually discuss this comment :oldlol:

Long Duck Dong
07-08-2022, 05:45 PM
Reports are Musk is pulling out of Twitter takeover and will eat the billion dollar "deposit" :(

Off the Court
07-08-2022, 06:37 PM
https://pbs.twimg.com/media/FQW-y5MVsAIpRa-?format=jpg&name=large

all the memes still work

:roll:

BigKobeFan
07-08-2022, 06:57 PM
There is only good news from this. 1. Musk exposed twitters fake accounts which leads to 2. Advertisers will sue the shit out of them for false SEC filings. 3. Investors will sue the board for failing due diligence. 4. Truth Social WINS

SATAN
07-09-2022, 04:54 AM
This was pretty predictable.

Patrick Chewing
07-09-2022, 10:59 AM
Shareholders and the board will get desperate now that their true value has been exposed which is way less than what Elon was offering. He may still come back and buy it for half of what he offered.

Off the Court
07-09-2022, 11:34 AM
There is only good news from this. 1. Musk exposed twitters fake accounts which leads to 2. Advertisers will sue the shit out of them for false SEC filings. 3. Investors will sue the board for failing due diligence. 4. Truth Social WINS
Yeah man.

That's totally going to happen :oldlol:

Off the Court
07-09-2022, 11:40 AM
These are bad times for Elon. He has to give Twitter $1B to pull out.

Baby momas popping up everywhere.

Tesla now in bad shape, liberals don't even want them any more. The other car companies are going to take over the EV market.

Musks Billion investment in BTC has been wiped out. Who knows when that will recover. Maybe never.

Dogecoin is a joke


Dude better get someone on Mars soon lol

1987_Lakers
07-09-2022, 12:18 PM
https://www.youtube.com/watch?v=g4WdHwsSFpg

Patrick Chewing
07-09-2022, 12:30 PM
These are bad times for Elon. He has to give Twitter $1B to pull out.

Baby momas popping up everywhere.

Tesla now in bad shape, liberals don't even want them any more. The other car companies are going to take over the EV market.

Musks Billion investment in BTC has been wiped out. Who knows when that will recover. Maybe never.

Dogecoin is a joke


Dude better get someone on Mars soon lol

Spoken like a bitter Liberal who hates Elon cause he calls you guys out. :oldlol:

TheMan
07-09-2022, 01:19 PM
Honestly how is something so fake like Twitter worth that much??? These are the signs that human civilization is in decay :cry:

tontoz
07-09-2022, 05:45 PM
These are bad times for Elon. He has to give Twitter $1B to pull out.

Baby momas popping up everywhere.

Tesla now in bad shape, liberals don't even want them any more. The other car companies are going to take over the EV market.

Musks Billion investment in BTC has been wiped out. Who knows when that will recover. Maybe never.

Dogecoin is a joke


Dude better get someone on Mars soon lol



Bad times for Elon? :roll:

Bad times for Elon were sleeping in the factory for 3 years getting the model 3 factory going, being weeks away from bankruptcy a few years back.

This is nothing.

SATAN
07-10-2022, 12:14 AM
Honestly how is something so fake like Twitter worth that much???

It's not.

AKA_AAP
07-10-2022, 12:49 AM
Bad times for Elon? :roll:

Bad times for Elon were sleeping in the factory for 3 years getting the model 3 factory going, being weeks away from bankruptcy a few years back.

This is nothing.

:lol LowIQoffthecourt with another low IQ post. Bad times for Elon? His net worth is about 1 million times bigger than the median person's net worth. Then factor in the fact that you can take that median and divide that by 254,800, and you'll come up with a net worth much bigger than FascistSatinRRR3, msnbcLegend32, AlwaysWrongbladefd, LowIQoffthecourt, and MorbidlyObeseAxe.

Axe
07-10-2022, 01:00 AM
hurr durr kyuh
:yaohappy:

baudkarma
07-11-2022, 04:27 PM
I think Musk achieved what he set out to do. He said he'd buy Twitter, stop all the censorship, and restore Trumps account. The far right adores him now, even though he didn't actually accomplish anything that he said he was going to do. The far right are the people most resistant to the idea of all-electric self-driving cars, but now that Elon is their new hero, probably more than a few of them will change their minds.

Doomsday Dallas
07-14-2022, 09:28 AM
https://www.abovetopsecret.com/forum/thread1314619/pg1

https://files.abovetopsecret.com/files/img/cc62cf71cc.jpg

Off the Court
07-14-2022, 10:22 AM
Musk said one of his main goals for Twitter is to remove the bots. But he won't buy Twitter because of bots.

I think most can see that is just an excuse. There aren't even that many bots on Twitter. 10% at most.


What really happened is:
1. He wanted to make himself the country's "freedom of speech" hero but Trump wouldn't come back. Nothing would have changed for "free speech". Trump was it.
2. The stock market collapsed and his bid of $44B was way too high. It was a horrible investment which is why Twitter is trying to force the purchase on him.


So now he wants to back out, and the "bots" are his excuse to do so.

JohnnySic
10-04-2022, 03:07 PM
*BUMP*

Reports are that Musk has finalized the deal to buy Twitter.

All I want from Musk is to get rid of the leftist bots that infest the place and make it insufferable. Make it happen.

JohnnySic
10-04-2022, 06:45 PM
LOL. Twitter appears to be purging bots before the deal in finalized. People are losing "followers" left and right. :lol

Off the Court
10-04-2022, 06:52 PM
Must be fake news because Musk is still at 107m followers.

99% of the bots on Twitter are fake bikini girls trying to get you to click a link.

Off the Court
10-04-2022, 07:10 PM
Apparently Musk hired 5 different companies to parse through Twitter data to figure out how many bots are on Twitter. 3 of them he is hiding the findings. One of them came to the same results as Twitter's estimates. And the other said that with "weak confidence" it could be as high as 11%.

His lawyers didn't think he could win this battle, and now he is purchasing.

bladefd
10-04-2022, 07:29 PM
Apparently Musk hired 5 different companies to parse through Twitter data to figure out how many bots are on Twitter. 3 of them he is hiding the findings. One of them came to the same results as Twitter's estimates. And the other said that with "weak confidence" it could be as high as 11%.

His lawyers didn't think he could win this battle, and now he is purchasing.

Musk knew he was unlikely to win the court-case, and decided to save face. He is now being able to say "I bought Twitter" instead of "I lost the case and had to buy Twitter."

ArbitraryWater
10-04-2022, 07:48 PM
Back on baby

1987_Lakers
10-04-2022, 08:35 PM
These are bad times for Elon. He has to give Twitter $1B to pull out.

Baby momas popping up everywhere.

Tesla now in bad shape, liberals don't even want them any more. The other car companies are going to take over the EV market.

Musks Billion investment in BTC has been wiped out. Who knows when that will recover. Maybe never.

Dogecoin is a joke


Dude better get someone on Mars soon lol

:oldlol:

Patrick Chewing
10-04-2022, 09:01 PM
Liberals fuming. Their online Nazi hangout will change dramatically. :oldlol:

SATAN
10-06-2023, 08:21 PM
💩sie ;)

https://i.insider.com/551e9f20eab8ea2936a43755

Bill Gates
10-07-2023, 11:54 PM
It is mind boggling how bad this deal was for Musk. Twitter/X is estimated to be worth $9B now, he paid $44B. To make that $44B purchase, he had to take out $13B in loans. The loans alone are bigger than Twitter's value. The interest payments on those loans alone are estimated to be ~$1.2B annually.

It gets worse, his Twitter Blue subscriber features has proven to be a failure. When he first implemented the feature there were 150,000 subscribers, today that number is down to just 40,000. A tiny fraction of Twitter's total base. Those subscribers bring in ~$4M a year. No not Billion, JUST $4 MILLION. Which doesn't even put a tiny dent in Twitter's interest payments alone.

On top of that he has lost half of his ad revenue, and due to his inability to stop opining right wing schtick, they won't be returning anytime soon. And CEO Linda Yaccarino just made public that Twitter/X's daily active users have declined.

The company is in a dire situation, and if things don't drastically change within the next few years, it will collapse.

BurningHammer
10-08-2023, 12:44 AM
I guess that's why Elon is trying to enter politics now. :ohwell:

iamgine
10-08-2023, 04:04 AM
Elon has tried a lot of things. Some succeeded, some failed. Still, he's rich beyond belief so he can afford to do so.

SaltyMeatballs
10-08-2023, 03:33 PM
It is mind boggling how bad this deal was for Musk. Twitter/X is estimated to be worth $9B now, he paid $44B. To make that $44B purchase, he had to take out $13B in loans. The loans alone are bigger than Twitter's value. The interest payments on those loans alone are estimated to be ~$1.2B annually.

It gets worse, his Twitter Blue subscriber features has proven to be a failure. When he first implemented the feature there were 150,000 subscribers, today that number is down to just 40,000. A tiny fraction of Twitter's total base. Those subscribers bring in ~$4M a year. No not Billion, JUST $4 MILLION. Which doesn't even put a tiny dent in Twitter's interest payments alone.

On top of that he has lost half of his ad revenue, and due to his inability to stop opining right wing schtick, they won't be returning anytime soon. And CEO Linda Yaccarino just made public that Twitter/X's daily active users have declined.

The company is in a dire situation, and if things don't drastically change within the next few years, it will collapse.

Elon done ****ed up with this purchase and ran Twitter into the ground

RRR3
10-08-2023, 03:43 PM
Elon done ****ed up with this purchase and ran Twitter into the ground
All he had to do was maybe bring back fleets and give people a popular new feature or two and he would have been widely praised. He's just not very smart.

FultzNationRISE
10-08-2023, 04:11 PM
Musk got rich from paypal before most americans knew what the internet was. He got rich from tesla by pushing electric vehicles before they were on most companies’ radars. He got rich with SpaceX by having rockets ready for NASA during the recent space push.

I dont have any opinions about him personally or politically but what is clear is he’s a long term, big picture thinker. It was plain to see even for the average person that Twitter did not have a strong profit model before he bought the company. Surely this did not escape Musk’s notice before he put 44 billion into it. I highly doubt he made the move for a short term financial gain. He likely made the move for bigger picture reasons that I could speculate on, but wont (not here anyway), and which ordinary observers just dont have the foresight to really appreciate.

Media Moderator
10-08-2023, 05:29 PM
Elon has tried a lot of things. Some succeeded, some failed. Still, he's rich beyond belief so he can afford to do so.

Platforms come and go. Idiots here blaming Elon Musk allowing more right wing voices to be heard as it's downfall. If that were the case Zuckerberg's "Twitter Killer" Threads would be doing fantastic but it's active user base has dropped 85% since it's launch. :roll:

Elon Musk clearly doesn't give AF, he changed the name which he knows is bad for business. He also publicly said he planned to get rid of bots which is also bad for business

On the plus side it's gaining him a huge base. It seems like one day he may run for office and he has single handedly destroyed the liberal narrative that social media curbing right wing voices isn't a free speech violation because they are working with the government or that they don't hold a bias themselves. He proved without a doubt that liberals were 100% wrong in that regard

BurningHammer
10-08-2023, 06:20 PM
It's fascinating that everything that is going wrong in the US, or even the world, can be circled back to Biden, Democrat and the Left. :oldlol:

Patrick Chewing
10-08-2023, 07:07 PM
It's fascinating that everything that is going wrong in the US, or even the world, can be circled back to Biden, Democrat and the Left. :oldlol:

That's not wrong.

jstern
10-08-2023, 09:29 PM
Musk got rich from paypal before most americans knew what the internet was. He got rich from tesla by pushing electric vehicles before they were on most companies’ radars. He got rich with SpaceX by having rockets ready for NASA during the recent space push.

I dont have any opinions about him personally or politically but what is clear is he’s a long term, big picture thinker. It was plain to see even for the average person that Twitter did not have a strong profit model before he bought the company. Surely this did not escape Musk’s notice before he put 44 billion into it. I highly doubt he made the move for a short term financial gain. He likely made the move for bigger picture reasons that I could speculate on, but wont (not here anyway), and which ordinary observers just dont have the foresight to really appreciate.

Where can we go to read your speculation?

tontoz
10-16-2023, 04:48 PM
Here is a list of all the updates on X this year. There are so many it takes a long time just to skim through them:

https://techcrunch.com/2023/09/19/elon-musk-twitter-everything-you-need-to-know/


And that has been done while firing roughly 80% of Twitter's employees.

tontoz
10-16-2023, 05:22 PM
Elon Musk, the world’s richest person according to Forbes 400, often captures headlines with his futuristic ambitions. From leading groundbreaking companies like Tesla Inc. and SpaceX to dabbling in neural technologies with Neuralink Corp., Musk epitomizes technological innovation.

But recent comments from Grimes, his on-again, off-again partner, portray a surprisingly frugal personal life that contrasts sharply with his larger-than-life business ventures.

In a 2022 interview with Vanity Fair, Grimes said that Musk sometimes lives "below the poverty line." Most notably, when the couple discovered a hole in her side of the mattress, Musk suggested bringing over a mattress from her home rather than buying a new one. "Like, Bro wouldn't even get a new mattress," Grimes told Vanity Fair.

Further elaborating on their living conditions, Grimes mentioned living in a $40,000 house that was "very insecure," to the point where neighbors would film them. "I’m eating peanut butter for eight days in a row," she said, suggesting a starkly modest lifestyle.

This level of frugality isn't common among billionaires, even among those known for their fiscal restraint. Warren Buffett, for example, still lives in the same house he purchased decades ago for $31,500, but he hasn't been reported to forgo basic household amenities like a functional mattress.


https://www.yahoo.com/finance/news/elon-musk-sometimes-lives-below-165332334.html

Baller234
10-16-2023, 05:33 PM
I have to say, the X rebrand was just a total dogshit idea.

Love Elon, big fan. Love that he restored free speech (mostly) to the platforn.

But wow, what a braindead retarded idea. If you're so committed to X, have that be the parent company like Google did with Alphabet. They didn't just decide out of the blue to rebrand Google as something else.