Twitter likely to take idiots offer to buy them for $43 billion

[Jimmy Higgins]

Elon Musk, bi-polar extraordinaire that managed to make a killing with Paypal investment and turn that around somehow and create an electric car company from scratch, something that is nothing short of impossible... now wants to spread freedom to the world by purchasing Twitter and opening it to liability regarding incitement of riots over its platform.

Twitter looks ready to accept the deal, because really... getting $43 billion for fucking Twitter?! $1 billion in earnings a year Twitter?

Musk has some William Wallace characteristics. Managed a couple huge things, but then ends up kind of failing. This $43 billion buyout to make Twitter 'free' from 'censorship' seems like one of the worst possible investments ever.

 

[Jarhyn]

Elon Musk, bi-polar extraordinaire that managed to make a killing with Paypal investment and turn that around somehow and create an electric car company from scratch, something that is nothing short of impossible... now wants to spread freedom to the world by purchasing Twitter and opening it to liability regarding incitement of riots over its platform.

Twitter looks ready to accept the deal, because really... getting $43 billion for fucking Twitter?! $1 billion in earnings a year Twitter?

Musk has some William Wallace characteristics. Managed a couple huge things, but then ends up kind of failing. This $43 billion buyout to make Twitter 'free' from 'censorship' seems like one of the worst possible investments ever.

Are you serious? Is Musk?

Twitter is circling the drain as relevance goes. It's like Facebook: it was big last Thursday.

It's going to implode in a few years.

 

[Politesse]

He's a good fast talker, but I never get the impression he was especially intelligent.

 

[TomC]

and turn that around somehow and create an electric car company from scratch, something that is nothing short of impossible...

Correct me if I'm wrong, but didn't Musk depend heavily on taxpayers to fund his car company?
Tom

 

[Elixir]

and turn that around somehow and create an electric car company from scratch, something that is nothing short of impossible...

Correct me if I'm wrong, but didn't Musk depend heavily on taxpayers to fund his car company?
Tom

Assuming he did, does that make the creation of an (apparently) viable electric car company more, or less miraculous?

 

[TV and credit cards]

and turn that around somehow and create an electric car company from scratch, something that is nothing short of impossible...

Correct me if I'm wrong, but didn't Musk depend heavily on taxpayers to fund his car company?
Tom

Not hardly.

 

[bilby]

Musk, like most billionaires, is an example of survivorship bias.

Everyone wants to interview Elon to find out the secret of his astonishing success, so that they can hope to emulate it; But the real secret is that there's no secret. Gigawealth is a lottery, and nobody wants to interview the myriad entrants who tried, but lost their shirts. They only interview the winners, who of course want (like their audience) to believe that their success was down to some innate skill or savvy that makes them better than their competitors.

Just about the only strong indicator of who will win the lottery is how many tickets they were bought by their parents. But even that is not particularly strongly correlated to the final results.

Many 'winners' are takers of big risks that just happened to come off. They are surrounded by a hidden army of people who took equally big risks, and lost it all. Perhaps Time magazine should feature a 'Loser of the year'. Or, to give a more reasonable estimate of the odds, a 'Loser of the day'.

The ways to make a small fortune are twofold: Either be extraordinarily lucky, or start out with a large fortune.

Everyone has a vested interest in the existence of some formula for success that, if we could only master it, any of us could apply. But it's a myth.

Musk is just as capable as anyone of making disastrous decisions; He differs from me in being able to afford to waste $43billion on such a decision.

And in the hugely unlikely event that he makes a profit, all the commentators will bang on about his genius, and you can be assured that luck won't be mentioned.

 

[TomC]

and turn that around somehow and create an electric car company from scratch, something that is nothing short of impossible...

Correct me if I'm wrong, but didn't Musk depend heavily on taxpayers to fund his car company?
Tom

Assuming he did, does that make the creation of an (apparently) viable electric car company more, or less miraculous?

I could make water into wine with enough taxpayer funding.
Tom

 

[Jimmy Higgins]

and turn that around somehow and create an electric car company from scratch, something that is nothing short of impossible...

Correct me if I'm wrong, but didn't Musk depend heavily on taxpayers to fund his car company?
Tom

Assuming he did, does that make the creation of an (apparently) viable electric car company more, or less miraculous?

I could make water into wine with enough taxpayer funding.
Tom

But you couldn't make an automotive company from scratch.

 

[Gospel]

and turn that around somehow and create an electric car company from scratch, something that is nothing short of impossible...

Correct me if I'm wrong, but didn't Musk depend heavily on taxpayers to fund his car company?
Tom

With all his rhetoric about ending government subsidies, I'd wager voters money is better spent on him than on Biden.

 

[Jimmy Higgins]

Elon Musk, bi-polar extraordinaire that managed to make a killing with Paypal investment and turn that around somehow and create an electric car company from scratch, something that is nothing short of impossible... now wants to spread freedom to the world by purchasing Twitter and opening it to liability regarding incitement of riots over its platform.

Twitter looks ready to accept the deal, because really... getting $43 billion for fucking Twitter?! $1 billion in earnings a year Twitter?

Musk has some William Wallace characteristics. Managed a couple huge things, but then ends up kind of failing. This $43 billion buyout to make Twitter 'free' from 'censorship' seems like one of the worst possible investments ever.

Are you serious? Is Musk?

Twitter is circling the drain as relevance goes. It's like Facebook: it was big last Thursday.

It's going to implode in a few years.

According to the Journal, Musk is planning to spend $21 billion of his own money. In order to gather these funds, he will likely need to sell stakes in his other businesses, such as Tesla and SpaceX.

The term "his own money" sounds silly, if he needs to sell off portions of his assets to actually gain it. And how does this affect Tesla shareholders?

The other $25 billion will come from investment banks.

So, effectively he is again bargaining his technical wealth for investor cash. I'm curious, how does he pay off $25 billion in loans?

 

[Elixir]

and turn that around somehow and create an electric car company from scratch, something that is nothing short of impossible...

Correct me if I'm wrong, but didn't Musk depend heavily on taxpayers to fund his car company?
Tom

With all his rhetoric about ending government subsidies, I'd wager voters money is better spent on him than on Biden.

Better yet, re-elect Trump and let HIM pass it all out to his donors and other guys like Musk.

 

[Bomb#20]

Google how much money have tesla short sellers lost

About 47,400,000 results (0.58 seconds)
Between 2017 and 2021, investors shorting Tesla lost $52 billion; when going back to 2010, the number is closer to $57 billion. GameStop short sellers, by contrast, lost an estimated $8.4 billion, according to data from US exchanges analyzed by S3.Mar 2, 2021

Tesla, not GameStop, is the most shorted stock in the world​

Just sayin'

 

[Derec]

Elon Musk, bi-polar extraordinaire that managed to make a killing with Paypal investment and turn that around somehow and create an electric car company from scratch, something that is nothing short of impossible...

Not to mention a space launch company SpaceX.

now wants to spread freedom to the world by purchasing Twitter and opening it to liability regarding incitement of riots over its platform.

Incitement of riots is already allowed by the Twitter Powers that Be - as long as they are Antifa/#BLM riots the users are inciting. Outright terrorist groups also have unbanned accounts.
My point is that the moderation on Twitter is very inconsistent and politically biased.

Whether Musk will lose or win money with this purchase remains to be seen. Maybe it's some kind of "Springtime for Hitler" gambit and he hopes Twitter fails in a few years. Who knows.

 

[Gospel]

and turn that around somehow and create an electric car company from scratch, something that is nothing short of impossible...

Correct me if I'm wrong, but didn't Musk depend heavily on taxpayers to fund his car company?
Tom

With all his rhetoric about ending government subsidies, I'd wager voters money is better spent on him than on Biden.

Better yet, re-elect Trump and let HIM pass it all out to his donors and other guys like Musk.

It's better spent on Musk than on Trump as well. The common denominator here is neither Biden nor Trump will end Government subsidies. To my knowledge, their purpose is to improve the economy by cutting costs to the supplier. What happens most of the time is the taxpayer covers the cost because the supplier increases spending but not too much to give the appearance of decreased prices for the taxpayer. It's the financial equivalent of Ali's Okie Doke.

 

[Trausti]

 

[Gospel]

If the American government wasn't dragging big tech through the mud to "protect democracy around the world" I'd think Elon was on to something. As it stands, I don't think he has any idea what he's getting into saying he believes Twitter has the " potential to be the platform for free speech around the globe".

 

[Elixir]

It's better spent on Musk than on Trump as well.

I don’t blame Biden for that, and like a lot of what he WANTED to do.
I’m a big fan of infrastructure, clean energy research and a lot of other stuff up with which Republicans will not put, and for which they will not pay. Their donors NEED that money, or someone might get elected who will let it all get frittered away on the public good. And as Trump correctly observed “no Republican will ever get elected again”.

 

[Jimmy Higgins]

So Donald Trump is banned for inciting violence in the Capitol Building... therefore Twitter is guilty of widespread censorship... yet 534 or 535 members of Congress can post to Twitter.

 

[Trausti]

So Donald Trump is banned for inciting violence in the Capitol Building... therefore Twitter is guilty of widespread censorship... yet 534 or 535 members of Congress can post to Twitter.

Heh. It was the suspension of the BabylonBee which triggered all this.