Elon Musk offers to buy Twitter for 43 Billion

[Axe]

hurr durr kyuh

[baudkarma]

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]

https://www.abovetopsecret.com/forum/thread1314619/pg1

[Off the Court]

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]

*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]

LOL. Twitter appears to be purging bots before the deal in finalized. People are losing "followers" left and right.

[Off the Court]

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]

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]

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]

Back on baby

[1987_Lakers]

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

[Patrick Chewing]

Liberals fuming. Their online Nazi hangout will change dramatically.

[SATAN]

💩sie ;)

[Bill Gates]

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]

I guess that's why Elon is trying to enter politics now.