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

[Gospel]

Yeah the rocket boosters do take off and land vertically so that's self driving if anything. There was a lunch from Cape Canaveral yesterday evening. There are so many I don't even care to keep up with them. Newbs to Florida be like "WOW THATS COOL!" & I'm like "What? That old thing?".

 

[bilby]

Yeah the rocket boosters do take off and land vertically so that's self driving if anything. There was a lunch from Cape Canaveral yesterday evening. There are so many I don't even care to keep up with them. Newbs to Florida be like "WOW THATS COOL!" & I'm like "What? That old thing?".

If it was in the evening, wouldn't that make it a supper?

 

[Jimmy Higgins]

Yeah the rocket boosters do take off and land vertically so that's self driving if anything. There was a lunch from Cape Canaveral yesterday evening. There are so many I don't even care to keep up with them. Newbs to Florida be like "WOW THATS COOL!" & I'm like "What? That old thing?".

If it was in the evening, wouldn't that make it a supper?

Fuck! We just went from one derail to another. Everyone... abandon ship!!!

Awww damn it... a mixed metaphor!

 

[Loren Pechtel]

Yeah the rocket boosters do take off and land vertically so that's self driving if anything. There was a lunch from Cape Canaveral yesterday evening. There are so many I don't even care to keep up with them. Newbs to Florida be like "WOW THATS COOL!" & I'm like "What? That old thing?".

Rocket boosters are pure GPS guidance, they have no concept of obstacles in the way. Thus it isn't really right to call them self-driving.

 

[Jayjay]

Besides, if a self-driving Tesla ended up landing vertically on a barge, that would probably be considered a failure.

 

[ZiprHead]

Looming Twitter interest payment leaves Musk with unpalatable options

Purchased for $44 billion, company is likely worth as little as $15 billion today.

arstechnica.com

The bill for Elon Musk’s purchase of Twitter is coming due, with the billionaire facing unpalatable options on the company’s enormous debt pile, ranging from bankruptcy proceedings to another costly sale of Tesla shares.

Three people close to the entrepreneur’s buyout of Twitter said the first installment of interest payments related to $13 billion of debt he used to fund the takeover could be due as soon as the end of January. That debt means the company must pay about $1.5 billion in annual interest payments.

The Tesla and SpaceX chief financed his $44 billion deal to take Twitter private in October by securing the huge debt from a syndicate of banks led by Morgan Stanley, Bank of America, Barclays, and Mitsubishi. The $13 billion debt is held by Twitter at a corporate level, with no personal guarantee by Musk.

Since the takeover, Musk has raced to cut costs, such as firing half the company’s staff, while seeking new revenue streams, such as launching its Twitter Blue subscription service.

The company’s dire finances—it made a loss of $221 million in 2021 before the acquisition and Musk has said revenues have declined since—have led the new owner to regularly raise the prospect that the company could crash into bankruptcy.

Elon Musk trial: Prospective jurors call him narcissistic, smart

He could be ordered to pay billions of dollars in damages if he loses the fraud lawsuit over a tweet.

www.bbc.com

Mr Musk, who is being sued by Tesla shareholders arguing he manipulated the firm's share price, has said he cannot get a fair trial in San Francisco.
He wanted the trial to take place in Texas - where he has moved Tesla's headquarters - but that was rejected.
A jury has been selected, after jurors completed a pre-trial questionnaire.
The case centres on 2018 tweets, saying that he would take Tesla private. US regulators removed Mr Musk as Tesla chairman because of the posts.
On 7 August 2018, he tweeted that he had "funding secured" to take the carmaker private in what would be a $72bn (£58.7bn) buyout.

In a second tweet, Musk added that "investor support is confirmed," and that the deal was only awaiting a vote by shareholders. No such deal went ahead.
"The claim is that the investors felt that they were defrauded by Musk's tweet, that he was considering taking Tesla private and critically, that he had funding secured for it," Robert Bartlett, law professor at the University of California, Berkeley, told Reuters.

 

[Jimmy Higgins]

From what I've heard, it seems open shut case against Musk, regardless if the idea of him getting enough capital to buy Tesla outright seemed assuredly impossible. Its market cap at $100+ a share today is over $400 billion! Even if Musk owned 3/4's of the shares, he wasn't raising $400 billion in private equity to buy out Tesla for the share price he stated.

 

[marc]

Twitter having more problems in courts. Honestly, they can't even pay the interest on the loan, let alone multiple lawsuits.

Today we have Twitter sued by the King. Seems that the Twitter UK offices are owned by the Royal Family, and they haven't been paying the rent.

King Charles’ Crown Estate Sues Twitter Over Unpaid Rent—Latest Rent Allegation Against Musk

Musk has allegedly failed to pay rent on four office buildings, and has been shedding costs at Twitter for months, including massive layoffs and auctioning signs and statues.

www.forbes.com

And in Germany, they are getting sued for failure to delete Holocaust denying posts, and other anti-semitic hate speech. Guess all those moderators he fired were doing something.

Elon Musk's Twitter hit with Holocaust denial hate speech lawsuit in Germany | TechCrunch

Twitter owner and self-proclaimed "free-speech absolutist" Elon Musk is facing a legal challenge in Germany over how the platform handles antisemitic hate

techcrunch.com

 

[hurtinbuckaroo]

Twitter having more problems in courts. Honestly, they can't even pay the interest on the loan, let alone multiple lawsuits.

Today we have Twitter sued by the King. Seems that the Twitter UK offices are owned by the Royal Family, and they haven't been paying the rent.

King Charles’ Crown Estate Sues Twitter Over Unpaid Rent—Latest Rent Allegation Against Musk

Musk has allegedly failed to pay rent on four office buildings, and has been shedding costs at Twitter for months, including massive layoffs and auctioning signs and statues.

www.forbes.com

And in Germany, they are getting sued for failure to delete Holocaust denying posts, and other anti-semitic hate speech. Guess all those moderators he fired were doing something.

Elon Musk's Twitter hit with Holocaust denial hate speech lawsuit in Germany | TechCrunch

Twitter owner and self-proclaimed "free-speech absolutist" Elon Musk is facing a legal challenge in Germany over how the platform handles antisemitic hate

techcrunch.com

Is beheading still a thing in England?

 

[TSwizzle]

.

Elon Musk's cost-cutting plans may have left hundreds of Twitter employees on high-skill work visas on a countdown to deportation.
At least 250 Twitter workers appear to be employed on a H-1B visa, according to official records and now face an uncertain future. And according to analysis of U.S. Citizenship and Immigration Services (USCIS) data by the National Foundation for American Policy, that number could be as high as 670, or 8% of the company pre-cuts, Forbes reported.

yahoo

670 H-1B visas getting emptied. B2B

You don’t think people n H-1Bs can find work within 60 days? I’ll bet they don’t even have to look. The work will find them.

I wonder how these H-1Bs are getting on finding work.

Google, Amazon, Meta, Microsoft, IBM between them have laid off 50k+

Seems Elon was actually ahead of the curve to start the cull.

 

[TV and credit cards]

.

Elon Musk's cost-cutting plans may have left hundreds of Twitter employees on high-skill work visas on a countdown to deportation.
At least 250 Twitter workers appear to be employed on a H-1B visa, according to official records and now face an uncertain future. And according to analysis of U.S. Citizenship and Immigration Services (USCIS) data by the National Foundation for American Policy, that number could be as high as 670, or 8% of the company pre-cuts, Forbes reported.

yahoo

670 H-1B visas getting emptied. B2B

You don’t think people n H-1Bs can find work within 60 days? I’ll bet they don’t even have to look. The work will find them.

I wonder how these H-1Bs are getting on finding work.

Google, Amazon, Meta, Microsoft, IBM between them have laid off 50k+

Seems Elon was actually ahead of the curve to start the cull.

And what about the rest of the tech industry?
You're looking at the companies that can attract the best the market has to offer. When the best get laid off, do you think they can find employment elsewhere? Indeed they can.
Here: Tech Job Market News
https://duckduckgo.com/?q=tech+job+market&t=h_&iar=news&ia=news

 

[TSwizzle]

.

Elon Musk's cost-cutting plans may have left hundreds of Twitter employees on high-skill work visas on a countdown to deportation.
At least 250 Twitter workers appear to be employed on a H-1B visa, according to official records and now face an uncertain future. And according to analysis of U.S. Citizenship and Immigration Services (USCIS) data by the National Foundation for American Policy, that number could be as high as 670, or 8% of the company pre-cuts, Forbes reported.

yahoo

670 H-1B visas getting emptied. B2B

You don’t think people n H-1Bs can find work within 60 days? I’ll bet they don’t even have to look. The work will find them.

I wonder how these H-1Bs are getting on finding work.

Google, Amazon, Meta, Microsoft, IBM between them have laid off 50k+

Seems Elon was actually ahead of the curve to start the cull.

And what about the rest of the tech industry?

What about it?

You're looking at the companies that can attract the best the market has to offer. When the best get laid off, do you think they can find employment elsewhere?

Not at Google, Amazon, Meta etc.

Indeed they can.

Good luck to them.

Here: Tech Job Market News
https://duckduckgo.com/?q=tech+job+market&t=h_&iar=news&ia=news

I don't follow blind links.

Not directing this at you but there was a lot of bleating about how Musk/Twitter was laying off people. When non Musk companies did it, things are muted.

 

[TV and credit cards]

.

Elon Musk's cost-cutting plans may have left hundreds of Twitter employees on high-skill work visas on a countdown to deportation.
At least 250 Twitter workers appear to be employed on a H-1B visa, according to official records and now face an uncertain future. And according to analysis of U.S. Citizenship and Immigration Services (USCIS) data by the National Foundation for American Policy, that number could be as high as 670, or 8% of the company pre-cuts, Forbes reported.

yahoo

670 H-1B visas getting emptied. B2B

You don’t think people n H-1Bs can find work within 60 days? I’ll bet they don’t even have to look. The work will find them.

I wonder how these H-1Bs are getting on finding work.

Google, Amazon, Meta, Microsoft, IBM between them have laid off 50k+

Seems Elon was actually ahead of the curve to start the cull.

And what about the rest of the tech industry?

What about it?

You're looking at the companies that can attract the best the market has to offer. When the best get laid off, do you think they can find employment elsewhere?

Not at Google, Amazon, Meta etc.

Indeed they can.

Good luck to them.

Here: Tech Job Market News
https://duckduckgo.com/?q=tech+job+market&t=h_&iar=news&ia=news

I don't follow blind links.

Not directing this at you but there was a lot of bleating about how Musk/Twitter was laying off people. When non Musk companies did it, things are muted.

It’s just a DuckDuckGo search of tech, job, and market and selecting news from the menu bar to show you there’s plenty of tech jobs and the people laid off are finding jobs within three months.
I thought a blind link is when a website changes the address in the address bar after a page loads so if you copy it, you copy a link to some unknown place.

 

[Loren Pechtel]

I wonder how these H-1Bs are getting on finding work.

Google, Amazon, Meta, Microsoft, IBM between them have laid off 50k+

Seems Elon was actually ahead of the curve to start the cull.

But look at the percentage of the workforce. Twitter has pretty much gutted itself, the others shed a few percent.

 

[Shadowy Man]

I wonder how these H-1Bs are getting on finding work.

Google, Amazon, Meta, Microsoft, IBM between them have laid off 50k+

Seems Elon was actually ahead of the curve to start the cull.

But look at the percentage of the workforce. Twitter has pretty much gutted itself, the others shed a few percent.

The others may also have had sound business reasoning behind their decisions.

 

[TSwizzle]

.

Elon Musk's cost-cutting plans may have left hundreds of Twitter employees on high-skill work visas on a countdown to deportation.
At least 250 Twitter workers appear to be employed on a H-1B visa, according to official records and now face an uncertain future. And according to analysis of U.S. Citizenship and Immigration Services (USCIS) data by the National Foundation for American Policy, that number could be as high as 670, or 8% of the company pre-cuts, Forbes reported.

yahoo

670 H-1B visas getting emptied. B2B

You don’t think people n H-1Bs can find work within 60 days? I’ll bet they don’t even have to look. The work will find them.

I wonder how these H-1Bs are getting on finding work.

Google, Amazon, Meta, Microsoft, IBM between them have laid off 50k+

Seems Elon was actually ahead of the curve to start the cull.

Zoom has just announced 1,300 layoffs. 15% of their workforce.

Maybe Musk was onto something after all.

 

[lpetrich]

Spoutible - yet another Twitter imitation. Only a splash page, a page that says this:

Pursue your passions!

Stay informed with real-time news and insights from people you know, industry leaders, journalists, and notable figures, all in one convenient place.

Home / Post. - it's active. Has feeds called "Explore" and "News", but no description of the platform.

Hive Social - only a splash page that links to some pages of descriptions of this network. Apparently only on iOS and Android, making it only for smartphones and tablets.

Explore - Mastodon - slow loading, then "Oops, an unexpected error occurred." and "Nothing is trending right now. Check back later!"

 

[Oleg]

.

Elon Musk's cost-cutting plans may have left hundreds of Twitter employees on high-skill work visas on a countdown to deportation.
At least 250 Twitter workers appear to be employed on a H-1B visa, according to official records and now face an uncertain future. And according to analysis of U.S. Citizenship and Immigration Services (USCIS) data by the National Foundation for American Policy, that number could be as high as 670, or 8% of the company pre-cuts, Forbes reported.

yahoo

670 H-1B visas getting emptied. B2B

You don’t think people n H-1Bs can find work within 60 days? I’ll bet they don’t even have to look. The work will find them.

I wonder how these H-1Bs are getting on finding work.

Google, Amazon, Meta, Microsoft, IBM between them have laid off 50k+

Seems Elon was actually ahead of the curve to start the cull.

Zoom has just announced 1,300 layoffs. 15% of their workforce.

Maybe Musk was onto something after all.

And Tesla stock has rebounded. Bigly. Haters gonna hate.

 

[TV and credit cards]

.

Elon Musk's cost-cutting plans may have left hundreds of Twitter employees on high-skill work visas on a countdown to deportation.
At least 250 Twitter workers appear to be employed on a H-1B visa, according to official records and now face an uncertain future. And according to analysis of U.S. Citizenship and Immigration Services (USCIS) data by the National Foundation for American Policy, that number could be as high as 670, or 8% of the company pre-cuts, Forbes reported.

yahoo

670 H-1B visas getting emptied. B2B

You don’t think people n H-1Bs can find work within 60 days? I’ll bet they don’t even have to look. The work will find them.

I wonder how these H-1Bs are getting on finding work.

Google, Amazon, Meta, Microsoft, IBM between them have laid off 50k+

Seems Elon was actually ahead of the curve to start the cull.

Zoom has just announced 1,300 layoffs. 15% of their workforce.

Maybe Musk was onto something after all.

Zoom tripled its workforce during the pandemic. As far as cutting back my only question would be, what took them so long?

I would still refer you to post #1111. Search and ye shall find. There's plenty of stories about just this.

Unemployment is the lowest it's been since 1969 all thanks to Joe Biden, the best president since Lincoln.

 

[Loren Pechtel]

Zoom tripled its workforce during the pandemic. As far as cutting back my only question would be, what took them so long?

I would still refer you to post #1111. Search and ye shall find. There's plenty of stories about just this.

Unemployment is the lowest it's been since 1969 all thanks to Joe Biden, the best president since Lincoln.

Exactly. The back-to-office movement will of course hurt Zoom. That doesn't say anything is wrong at Zoom, just that their market is declining.