MUScoop
MUScoop => The Superbar => Topic started by: muwarrior69 on April 14, 2022, 11:20:18 AM
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If you owned Twitter stock would take Musk's offer?
https://www.bloomberg.com/news/articles/2022-04-14/elon-musk-launches-43-billion-hostile-takeover-of-twitter
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Inn a New York nanosecond, aina?
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Musk should be investigated and punished by the SEC for blatantly manipulating stock prices.
Tax these psychos down to under $1 billion.
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Doesn’t look like the market thinks it will happen.
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Musk should be investigated and punished by the SEC for blatantly manipulating stock prices.
Tax these psychos down to under $1 billion.
He's manipulating stock prices for a few hundred million when he's worth $250B and is selling all his possessions? Unlikely. Its not like he said he'd offer $100 a share. Its an ego play, pure and simple. He wants to remake Twitter how he wants or cause chaos while trying.
Worse manipulation happened weekly or daily during the height of the pandemic.
Hedge/PE funds and companies do this stuff all the time, in far more impactful ways and the SEC does nothing. But good luck with your wealth tax Lizzie
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It was trading for nearly 70 back in the Fall. I doubt anyone is selling out for 55 now.
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100% taking that offer because I don’t believe in management.
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Management of twitter or management in general?
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Probably this.
Mark Cuban @mcuban
My conclusion, @elonmusk is unnatural carnal knowledgeing with the SEC. His filing w/the SEC allows him to say he wants to take a company private for $54.20 😂
Vs his "Am considering taking Tesla private at $420. Funding secured" Price go up. His shares get sold. Profit⬆️ SEC like WTF just happened.
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If you owned Twitter stock would take Musk's offer?
https://www.bloomberg.com/news/articles/2022-04-14/elon-musk-launches-43-billion-hostile-takeover-of-twitter
I would take the offer as an opportunity to tell him to go F himself, if that counts.
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Will the stock tank short-term if it doesn't happen?
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Will the stock tank short-term if it doesn't happen?
Tank? Nah. It was around 40 before his 9% stake was announced. The spike from the this announcement is basically gone. If it recedes, it wont go much past 40 IMO.
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Tank? Nah. It was around 40 before his 9% stake was announced. The spike from the this announcement is basically gone. If it recedes, it wont go much past 40 IMO.
40ish still seems like. a good buy long term regardless of how this plays out.
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40ish still seems like. a good buy long term regardless of how this plays out.
If they monetize the damn thing. Their ad-supported model is horribly executed; either fix that so it is 5% as effective as FB and GOOG, or move to a subscription model scaled to your number of followers. Or both. Dorsey couldn't seem to care, I was hopeful the new management would shake things up. We'll see.
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If they monetize the damn thing. Their ad-supported model is horribly executed; either fix that so it is 5% as effective as FB and GOOG, or move to a subscription model scaled to your number of followers. Or both. Dorsey couldn't seem to care, I was hopeful the new management would shake things up. We'll see.
Fait points.
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He's manipulating stock prices for a few hundred million when he's worth $250B and is selling all his possessions? Unlikely. Its not like he said he'd offer $100 a share. Its an ego play, pure and simple. He wants to remake Twitter how he wants or cause chaos while trying.
Worse manipulation happened weekly or daily during the height of the pandemic.
Hedge/PE funds and companies do this stuff all the time, in far more impactful ways and the SEC does nothing. But good luck with your wealth tax Lizzie
There's a level of wealth at which one would no longer be willing to game the system?
If that were true, Musk would have stopped a long time ago. I would suggest that wealth is a secondary motive to gaming the system.
Also, Bernie Madoff was worth $68 billion when he finally got caught.
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There's a level of wealth at which one would no longer be willing to game the system?
If that were true, Musk would have stopped a long time ago. I would suggest that wealth is a secondary motive to gaming the system.
Also, Bernie Madoff was worth $68 billion when he finally got caught.
You're speaking far more broadly than I am. Some of lesser means may game the system to get a free drink or $5 or a gift card. Or game the system for a free flight or something. At a certain level of wealth, stuff like that is no longer worth it. Whether the time, or effort, or risk. If gaming the system for illicit stock gains for significant wealth generation was truly his goal, there are far better vehicles for it, as I mentioned. Lower floats, more volatile stocks, more prone to news spikes, etc... Twitter has long been a favorite topic and focus of Musk's before he ever took a stake. Whether sh*t-tweeting, or random polls, or talking about an edit button, etc... Sure he won't donate the profits to charity, but this isn't like Phil Mickelson or other insider trading cases where profit was the intended goal.
As for Madoff, a ponzi scheme is apples to oranges. By nature they have to get bigger and bigger. Not like Madoff could have just stopped cause he had enough.
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There's a level of wealth at which one would no longer be willing to game the system?
If that were true, Musk would have stopped a long time ago. I would suggest that wealth is a secondary motive to gaming the system.
Also, Bernie Madoff was worth $68 billion when he finally got caught.
Speaking of Madoff. It's his Birthday Death day today!
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You're speaking far more broadly than I am. Some of lesser means may game the system to get a free drink or $5 or a gift card. Or game the system for a free flight or something. At a certain level of wealth, stuff like that is no longer worth it. Whether the time, or effort, or risk. If gaming the system for illicit stock gains for significant wealth generation was truly his goal, there are far better vehicles for it, as I mentioned. Lower floats, more volatile stocks, more prone to news spikes, etc... Twitter has long been a favorite topic and focus of Musk's before he ever took a stake. Whether sh*t-tweeting, or random polls, or talking about an edit button, etc... Sure he won't donate the profits to charity, but this isn't like Phil Mickelson or other insider trading cases where profit was the intended goal.
As for Madoff, a ponzi scheme is apples to oranges. By nature they have to get bigger and bigger. Not like Madoff could have just stopped cause he had enough.
Well, let's just agree to disagree with what lows the wealthy will stoop to in order to further their wealth. I think history is replete with examples supporting my case.
As for Madoff, he was an exceptionally wealthy person long before he became a criminal. As was Michael Millken. And Ivan Boesky. And Martha Stewart. And Raj Rajaratnam. And the Enron guys. And so on and so forth.
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Well, let's just agree to disagree with what lows the wealthy will stoop to in order to further their wealth. I think history is replete with examples supporting my case.
As for Madoff, he was an exceptionally wealthy person long before he became a criminal. As was Michael Millken. And Ivan Boesky. And Martha Stewart. And Raj Rajaratnam. And the Enron guys. And so on and so forth.
Thats fine, but id argue none of those people were remotely similar to Musk in this case. Milken, Boesky, and Raj were all Wall St bigwigs trying to get to or stay on top. Martha had a dirty broker. None of them were literal billionaires doing things that would constitute potential crimes for comparatively small amounts.
Also, Enron was using illegal accounting within 5 years of forming, it was happening for a decade plus by the time they got caught.
If you think Musk has been illegal and criminal since the early days of Tesla, then ok. I don't agree with you but at least I can see the argument. Otherwise it feels like a very rich dude f-ing with the SEC (who he's often sparred with) and company he's long had a connection to. I'm not justifying it, I'm not saying he shouldn't be accountable if indeed there were misdeeds, I just view it differently, thats all.
There was a story a number of years ago in India about a group of guys in their early 20s who tried to steal a bunch of diamonds from one of the factories. They were all wealthy kids, a number of whom were from diamond families. They thought it would be fun, exciting, and why the hell not. Cause they had been fabulously wealthy, spoiled, and without discipline or accountability most of their life. Still illegal and criminal, but it wasn't about the money, and I view it as a different sort of act or motivation than the famous diamond heists in Antwerp or whatnot.
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Inn a New York nanosecond, aina?
You are not a Saudi prince.
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Wags ... who said Musk was doing anything criminal? Seems like a red herring to defend the argument that this very rich man is so rich he would never game the system to get richer.
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Wags ... who said Musk was doing anything criminal? Seems like a red herring to defend the argument that this very rich man is so rich he would never game the system to get richer.
Well the rules aren’t there for him too. It’s the people that got screwed because he didn’t follow the rules.
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Won't another billlionaire get Twitter if Musk doesn't? I assume they're talking to Amazon, Facebook, and Microsoft right now.
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Why buy the previous social network phenomenon instead of the next one? Twitter is washed
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Why buy the previous social network phenomenon instead of the next one? Twitter is washed
What's the next phenomenon? I'd like to buy a cottage in Nova Scotia or Ireland. I was thinking Twitter could go down to 35 and I could take advantage but if they're washed up perhaps other options make more sense.
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What's the next phenomenon? I'd like to buy a cottage in Nova Scotia or Ireland. I was thinking Twitter could go down to 35 and I could take advantage but if they're washed up perhaps other options make more sense.
Always ask your nieces/grandkids what the next social media platform is. Never ask Scoop.
Now, the current social media platforms that I'd consider buying:
Most of our ad dollars go to Facebook/Instagram. Their platforms are really well monetized, and Facebook has a history of acquiring up-and-coming social networks. Meta is trading at ~5x P/S whereas Twitter is ~7x P/S
We also spend ad dollars on TikTok. If you don't mind investing in Chinese companies, and you don't mind buying pre-IPO equity, you could try to buy some ByteDance. They're a holding company that owns TikTok and a few other companies. EquityZen is where I've heard of people trading pre-IPO equity but I do not partake.
Twitter's inability to monetize their platform is a dealbreaker for me investing in an aging social network. They're closer to the death of Myspace than the birth of Myspace, they already missed their window, IMO.
Disclaimer: I don't own any of these companies outside of index funds. I haven't done a ton of research on them either, beyond ad buying and researching how my competitors are leveraging these platforms.
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Thats fine, but id argue none of those people were remotely similar to Musk in this case. Milken, Boesky, and Raj were all Wall St bigwigs trying to get to or stay on top. Martha had a dirty broker. None of them were literal billionaires doing things that would constitute potential crimes for comparatively small amounts.
Also, Enron was using illegal accounting within 5 years of forming, it was happening for a decade plus by the time they got caught.
If you think Musk has been illegal and criminal since the early days of Tesla, then ok. I don't agree with you but at least I can see the argument. Otherwise it feels like a very rich dude f-ing with the SEC (who he's often sparred with) and company he's long had a connection to. I'm not justifying it, I'm not saying he shouldn't be accountable if indeed there were misdeeds, I just view it differently, thats all.
There was a story a number of years ago in India about a group of guys in their early 20s who tried to steal a bunch of diamonds from one of the factories. They were all wealthy kids, a number of whom were from diamond families. They thought it would be fun, exciting, and why the hell not. Cause they had been fabulously wealthy, spoiled, and without discipline or accountability most of their life. Still illegal and criminal, but it wasn't about the money, and I view it as a different sort of act or motivation than the famous diamond heists in Antwerp or whatnot.
As usual, you’re the voice of common sense and logic around here. Thank you.
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Will be interesting to see what Musk does when he owns Twitter. A good investment for him to o n the whole thing.
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As usual, you’re the voice of common sense and logic around here. Thank you.
So the story about the diamonds, because they were rich and they were doing it fun, they shouldn’t be held accountable to the same standards and laws as others? This isn’t a “gotcha” post, but this also to JWags, who shared this interesting anecdote of “well, rich kids were just doing this for kicks, so yeah, that should be taking into account”
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I ask myself who is in favor of this versus who isn’t and that usually sheds a lot of light
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So the story about the diamonds, because they were rich and they were doing it fun, they shouldn’t be held accountable to the same standards and laws as others? This isn’t a “gotcha” post, but this also to JWags, who shared this interesting anecdote of “well, rich kids were just doing this for kicks, so yeah, that should be taking into account”
Yeah, I don’t know why Wags included that paragraph. To me it was beside the point(s) he had made very well in this thread. I should have omitted it from what I quoted - but some people accuse me of bad things when I edit posts I respond to.
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So the story about the diamonds, because they were rich and they were doing it fun, they shouldn’t be held accountable to the same standards and laws as others? This isn’t a “gotcha” post, but this also to JWags, who shared this interesting anecdote of “well, rich kids were just doing this for kicks, so yeah, that should be taking into account”
Oh it had nothing to do with them avoiding accountability. They are insufferable miserable people who deserve everything they got, regardless of their motive. I wasn't meaning to excuse anything. Just that I viewed that crime and its motive differently than committing the crime to try and get rich. F them all the same. I can see where that got confusing.
It was more further explanation of me saying how I didn't think Musk was doing this as a profit motive, grey area or criminal or whatnot...in response to Pakuni's assertion that there is no length that wealthy wont go to accrue more wealth. In that example, those kids were doing something they thought they could get away with, that had potential financial windfall, but that wasn't their reason for doing this. Just as I don't think Musk did this, illegal or not, just to make some, for him, insignificant coin.
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He's manipulating stock prices for a few hundred million when he's worth $250B and is selling all his possessions? Unlikely. Its not like he said he'd offer $100 a share. Its an ego play, pure and simple. He wants to remake Twitter how he wants or cause chaos while trying.
Worse manipulation happened weekly or daily during the height of the pandemic.
Hedge/PE funds and companies do this stuff all the time, in far more impactful ways and the SEC does nothing. But good luck with your wealth tax Lizzie
Regardless of the numbers involved here, he is extremely scummy, and a wealthy provocateur and should catch his slap on the wrist sooner rather than later.
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Oh it had nothing to do with them avoiding accountability. They are insufferable miserable people who deserve everything they got, regardless of their motive. I wasn't meaning to excuse anything. Just that I viewed that crime and its motive differently than committing the crime to try and get rich. F them all the same. I can see where that got confusing.
It was more further explanation of me saying how I didn't think Musk was doing this as a profit motive, grey area or criminal or whatnot...in response to Pakuni's assertion that there is no length that wealthy wont go to accrue more wealth. In that example, those kids were doing something they thought they could get away with, that had potential financial windfall, but that wasn't their reason for doing this. Just as I don't think Musk did this, illegal or not, just to make some, for him, insignificant coin.
Intentionally or not, you're badly reading/mistating what I wrote.
If you were to go back and read it, you'd probably find that you agree with me.
What I wrote was:
"I would suggest that wealth is a secondary motive to gaming the system."
Isn't that the exact same thing as what you're suggesting with your example of the Indian diamond thieves? As with those thieves, Musk isn't gaming the system because he need/wants more money..He's gaming the system because he can and because he enjoys gaming the system.
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Intentionally or not, you're badly reading/mistating what I wrote.
If you were to go back and read it, you'd probably find that you agree with me.
What I wrote was:
"I would suggest that wealth is a secondary motive to gaming the system."
Isn't that the exact same thing as what you're suggesting with your example of the Indian diamond thieves? As with those thieves, Musk isn't gaming the system because he need/wants more money..He's gaming the system because he can and because he enjoys gaming the system.
I dont disagree with that part. I guess I was then just confused as to why you brought up other wealthy white collar criminals then whose primary motivation was wealth generation. But all good. No need to belabor the point.
But to the original point, in my previous life as a TWTR shareholder, I would welcome a takeover from Musk or anyone cause there is tons of revenue and value that remains unlocked for myriad reasons, if just to shake up and try some new things cause its significantly unvalued in terms of potential, IMO
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Even for Musk it can't be that easy to buy the entire company. He would have to liquidate a good chunk of his other stock for the cash wouldn't he? Who really knows what he's thinking or if he actually wants to own Twitter.
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Just Elon being Elon. Good clean fun.
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It appears that Twitter's board has officially activated its poison pill provision (https://www.prnewswire.com/news-releases/twitter-adopts-limited-duration-shareholder-rights-plan-enabling-all-shareholders-to-realize-full-value-of-company-301526627.html)
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Wow Bezos owns WaPo now Elon with Twitter, does Zuckerburg buy MUScoop next???
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Wow Bezos owns WaPo now Elon with Twitter, does Zuckerburg buy MUScoop next???
Rocky has plans to buy out Dodds and Ganzer, blend them with Scoop in a done deal, and rebrand as Feta.
Topper to take his cash payout and LBO Inspire Brands.
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It appears a deal is going to be made with Musk.
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Just Elon being Elon. Good clean fun.
Good clean fun, indeed.
He has a strong authoritarian bent. Wants to provide a widespread platform for those seeking to overthrow the American way of life.
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Good clean fun, indeed.
He has a strong authoritarian bent. Wants to provide a widespread platform for those seeking to overthrow the American way of life.
I won't debate or agree with that, as I don't know all that much about Musk other than he is a bizarre rich guy who has created an EV empire and who seems to only like rules when they can give him more money and power. The latter applies to pretty much all bizarre rich guys and ... well ... to most people.
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Good clean fun, indeed.
He has a strong authoritarian bent. Wants to provide a widespread platform for those seeking to overthrow the American way of life.
Yup. Terrible for discourse. The type that only believes in free speech when it's what he wants to hear.
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I’ll be curious how much changes. My guess is, there will be a lot of huffing and puffing and users won’t notice many changes.
Follow who you want and ignore who you want is pretty easy right now on Twitter. If that changes, then it becomes unusable to me
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I’ll be curious how much changes. My guess is, there will be a lot of huffing and puffing and users won’t notice many changes.
Follow who you want and ignore who you want is pretty easy right now on Twitter. If that changes, then it becomes unusable to me
The minute they kill the chronological timeline and force me to the algo I'm gone.
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The minute they kill the chronological timeline and force me to the algo I'm gone.
That would be a non-starter as well.
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I’ll be curious how much changes. My guess is, there will be a lot of huffing and puffing and users won’t notice many changes.
Follow who you want and ignore who you want is pretty easy right now on Twitter. If that changes, then it becomes unusable to me
Exactly. My guess is he monetizes it more, and removes some bans (Trump). If he goes further than that, the platform will die.
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Exactly. My guess is he monetizes it more, and removes some bans (Trump). If he goes further than that, the platform will die.
Why would Trump comeback to Twitter when we has his own social media platform? I heard it was the biggest and best?
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The minute they kill the chronological timeline and force me to the algo I'm gone.
IG tries stuff like that all the time, people complain, and they acquiesce. I imagine Twitter would be the same
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Wow Bezos owns WaPo now Elon with Twitter, does Zuckerburg buy MUScoop next???
Danged Oligarchs. What's next, we invade Canada?
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Danged Oligarchs. What's next, we invade Canada?
Brother, we must liberate the Québécois people. They have been oppressed under the rule of the Anglo speaking Canadian 'government' for far too long. TO ARMS!!!
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Yup. Terrible for discourse. The type that only believes in free speech when it's what he wants to hear.
Wasn't arguing one way or the other. Just stating what he wants to do.
'Free speech' (pro or con) by a private company is much different than the Free Speech which is protected by the constitution.
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Wasn't arguing one way or the other. Just stating what he wants to do.
'Free speech' (pro or con) by a private company is much different than the Free Speech which is protected by the constitution.
Everyone will now have the 'freedom' to spread disinformation, just like Musk intends.
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I'm just not ready for Twitter to become toxic
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I'm just not ready for Twitter to become toxic
lol
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Danged Oligarchs. What's next, we invade Canada?
Don't we already own Canada
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Everyone will now have the 'freedom' to spread disinformation, just like Musk intends.
Can we yell “Fire” in the theater? It’s just disinformation.
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Oligarch.
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Everyone will now have the 'freedom' to spread disinformation, just like Musk intends.
Just like the NY Post was banned on Twitter for their story of the Lap top from Hell for violating some "hacking" rule for 2 weeks. Even the NY Times which called it "Russian disinformation" which in and of itself was disinformation but never got banned from Twitter now says the lap top is real. Twitter should not decide what is mis/disinformation but leave that up to the subscriber to determine that for themselves.
We'll see if Musk is a man of his word.
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Just like the NY Post was banned on Twitter for their story of the Lap top from Hell for violating some "hacking" rule for 2 weeks. Even the NY Times which called it "Russian disinformation" which in and of itself was disinformation but never got banned from Twitter now says the lap top is real. Twitter should not decide what is mis/disinformation but leave that up to the subscriber to determine that for themselves.
We'll see if Musk is a man of his word.
Twitter can control the content however it sees fit.
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Twitter can control the content however it sees fit.
I agree, but please don't say they were controlling misinformation when they were not.
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I agree, but please don't say they were controlling misinformation when they were not.
Man, have you come to right place for disinformation
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We'll see how this turns out.
- Any platform that has tried to be completely without moderation has turned into *hit quickly.
- I don't believe Musk is truly a "free speech absolutist"
- oligarchs buying communication networks is a bad idea
- disinformation is a problem. But relying on "fact checkers" is also a bad idea
- Musk may have values he wishes Twitter to demonstrate, but ultimately this is likely just a capitalist venture for him
- everyone loves when "their side" is in control
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We'll see how this turns out.
I agree. I'm not very involved with Twitter anyway, so I'm not overly concerned by this. I'm curious to see how it all plays out.
- everyone loves when "their side" is in control
Also agree. I have very little confidence that I know much at all about which "side" Musk is on.
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I agree. I'm not very involved with Twitter anyway, so I'm not overly concerned by this. I'm curious to see how it all plays out.
Also agree. I have very little confidence that I know much at all about which "side" Musk is on.
He’s on his side
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We'll see how this turns out.
- Any platform that has tried to be completely without moderation has turned into *hit quickly.
- I don't believe Musk is truly a "free speech absolutist"
- oligarchs buying communication networks is a bad idea
- disinformation is a problem. But relying on "fact checkers" is also a bad idea
- Musk may have values he wishes Twitter to demonstrate, but ultimately this is likely just a capitalist venture for him
- everyone loves when "their side" is in control
There is no way forward for Twitter without any type of moderation. Things may not be moderated the same but there will still be moderation.
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Smoking a cigar enjoying the premium for my shares and the exploding heads all around the past couple of weeks. Gotta take the victories as they come 8-)
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Ouch! Possible name change from Twitter to "Titter".
https://nypost.com/2022/04/25/these-are-elon-musks-possible-plans-for-twitter-after-44-billion-deal/
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Twitter tells me today is my 13th anniversary on that hellsite; fitting that it's also the day it died
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MTGA, hey?
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MTGA, hey?
At what point in time do you believe Twitter was great?
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From NYT finance and business writer Andrew Ross Sorkin:
Musk has said he wants more “free speech” and less moderation on Twitter. What will that mean in practice? More bullying? More lewd commentary and images? More misinformation?
Perhaps a window into Musk’s approach is a tweet he sent on Friday making fun of Bill Gates with a crude reference to anatomy, as a way to get even with Gates, who had admitted to betting against shares of Tesla.
Which raised this question: When conspiracy theorists falsely posted that Gates was paying to develop Covid vaccines to implant chips in people, Twitter down-ranked the content and added fact-check notices. If Musk were running Twitter then, would he have left those posts up to needle his nemesis?
The deal will give Musk enormous influence over politicians, celebrities and the media, with the ability to platform and de-platform them at will.
But some will have sway over him, too, in ways that could distort what the public sees on Twitter. For example, Twitter has no presence in China. Musk does: A huge chunk of Tesla’s growth is dependent on that country. What happens when Chinese officials tell him to remove content from Twitter that they find objectionable?
Back here in the U.S., Musk’s SpaceX business relies, in large part, on contracts with the Defense Department. His Tesla business is in discussions with the U.S. government about a national charging station infrastructure. His Boring Company, which digs tunnels, relies on governments for contracts. If a politician that controls the purse strings for any of Musk’s companies were to publish misinformation, would Musk remove it?
There are no answers to these questions just yet. But we will find out soon. Likely on Twitter.
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Jack has spoken (and has been paid for complicity) https://twitter.com/jack/status/1518772756069773313?t=Vv5NdwrC8ldoNrL3azwjQw&s=19 (https://twitter.com/jack/status/1518772756069773313?t=Vv5NdwrC8ldoNrL3azwjQw&s=19)
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I thought this was good though.
https://www.theatlantic.com/ideas/archive/2022/04/elon-musk-buys-twitter/629675/
"Twitter is one of the most important products in the space of information. In the news discourse, Twitter is very often the straw that stirs the drink. But it’s a terrible business, which has lost $861 million as a public firm and reported a profit in less than half of its earnings calls since going public in 2013. It’s also bafflingly torpid at innovation. The direct-message functionality has been updated sluggishly. The Trending Topics section is the strangest piece of real estate on the internet, where pile-ons jockey for space with bizarrely insistent attempts to get me to learn more about Zendaya’s red-carpet look.
Why is it such a bad business? I’m not sure, exactly. But consider the fact that, at the board-of-directors level, Twitter is basically run by a bunch of people who never use Twitter. If I told you that a restaurant was run by chefs who never taste the food, you might say something like “It sounds like the food might have a lot of problems,” or “I’ll bet the diners constantly complain about it,” or “I suspect that repeated requests to change the menu are met with relative indifference,” and guess what, all of that is more or less true with Twitter.
I don’t want to suggest that zero Twitter engineers and product managers are on Twitter. Many are, and I know some of them personally, and they’re fantastic. My point is that corporate leadership matters, and it might be nice to have somebody who cares lovingly for Twitter to be in charge of Twitter—if for no other reason than to do something about that infernal Trending Topics box. Musk’s love of Twitter is beyond doubt. His ability to transmute that love into nifty app updates for power users is less certain."
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I thought this was good though.
https://www.theatlantic.com/ideas/archive/2022/04/elon-musk-buys-twitter/629675/
"Twitter is one of the most important products in the space of information. In the news discourse, Twitter is very often the straw that stirs the drink. But it’s a terrible business, which has lost $861 million as a public firm and reported a profit in less than half of its earnings calls since going public in 2013. It’s also bafflingly torpid at innovation. The direct-message functionality has been updated sluggishly. The Trending Topics section is the strangest piece of real estate on the internet, where pile-ons jockey for space with bizarrely insistent attempts to get me to learn more about Zendaya’s red-carpet look.
Why is it such a bad business? I’m not sure, exactly. But consider the fact that, at the board-of-directors level, Twitter is basically run by a bunch of people who never use Twitter. If I told you that a restaurant was run by chefs who never taste the food, you might say something like “It sounds like the food might have a lot of problems,” or “I’ll bet the diners constantly complain about it,” or “I suspect that repeated requests to change the menu are met with relative indifference,” and guess what, all of that is more or less true with Twitter.
I don’t want to suggest that zero Twitter engineers and product managers are on Twitter. Many are, and I know some of them personally, and they’re fantastic. My point is that corporate leadership matters, and it might be nice to have somebody who cares lovingly for Twitter to be in charge of Twitter—if for no other reason than to do something about that infernal Trending Topics box. Musk’s love of Twitter is beyond doubt. His ability to transmute that love into nifty app updates for power users is less certain."
1) There is no doubt that Twitter was woefully managed. That's why I bought when Dorsey was shown the door. I was expecting new management to at least try to innovate more.
2) Yes, the DoB bears some responsibility, but Dorsey was the CEO for more than a decade while they failed to take advantage of the platform's success. I don't know why he somehow is not included as "leadership".
3) Less moderation, more disinformation, more bots blasting that disinformation is not good for society. But, that's what they guy with the 12-year old maturity level and $250B wants, and oligarchs get what they want.
4) Ain't nothing wrong with Zendaya's red carpet look.
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I predict that twitter will diminish and a different platform will pop up to replace it. One with the rules and guardrails in place from the beginning. It will take a few years.
Or else Musk will get bored and sell it. I do not view Twitter in its current form and Musk as a long term relationship.
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I predict that twitter will diminish and a different platform will pop up to replace it. One with the rules and guardrails in place from the beginning. It will take a few years.
Or else Musk will get bored and sell it. I do not view Twitter in its current form and Musk as a long term relationship.
Alright Tower. I guess I shouldn't buy a chunk and use the profits for NIL MU hoops money.
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I am just a shlub on a message board. All of my stuff is in mutual funds, so I do not consider myself an expert. Do not make any decisions based in my opinion.
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I am just a shlub on a message board. All of my stuff is in mutual funds, so I do not consider myself an expert. Do not make any decisions based in my opinion.
If we can get some ballers I would sell my two best stocks tomorrow. But I would need a lot of other scoopers to add to the piggy bank for a sustained run at F4's.
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Mr. Market does not appear to like the fact that Musk is using Tesla as collateral for his Twitter buy.
TLSA down 7.7% to $921 as I write this.
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Mr. Market does not appear to like the fact that Musk is using Tesla as collateral for his Twitter buy.
TLSA down 7.7% to $921 as I write this.
TSLA is just starting on of its semi-regular round trips from $1k to $750 and back. I'm convinced it's manipulated somehow to extract a little gain up and little gain down and the brokers to pull commissions to make it happen.
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At what point in time do you believe Twitter was great?
I mean, just 9 years after going public it's being taken private for $1 more than its price in the very early days (as far back as Marketwatch goes, anyway). If that's not cash money, I don't know what is.
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Mr. Market does not appear to like the fact that Musk is using Tesla as collateral for his Twitter buy.
TLSA down 7.7% to $921 as I write this.
Definitely factoring in the increased risk to Tesla, though I don't think it will amount to anything. The financial results from a private Twitter will be as invisible as Solar City.
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TSLA is just starting on of its semi-regular round trips from $1k to $750 and back. I'm convinced it's manipulated somehow to extract a little gain up and little gain down and the brokers to pull commissions to make it happen.
Its a rangebound stock that still has extreme volatility despite being a huge market cap, and is very news centric. All of that makes it absolutely ripe to be controlled or manipulated around to destroy retail. Especially when there are huge segments of retail that both think its going to $2K/5K/10K and segments that think its going to sub 500/sub 100/0. So the extreme option market is very robust. Its just a crazy ticker to follow.
I predict that twitter will diminish and a different platform will pop up to replace it. One with the rules and guardrails in place from the beginning. It will take a few years.
Or else Musk will get bored and sell it. I do not view Twitter in its current form and Musk as a long term relationship.
Yea I don't see that happening. Its been a preeminent communication and news platform for well over a decade. Which is like 50+ years in internet years. I think all thoughts about Twitter's demise revolve around people that don't like Musk in some fashion. People have bitched and complained about Twitter and changes it needed forever...and still use the app constantly.
As some have mentioned, lost in all the noise is the complete lack of effective monetization. You have one of the most visited and impactful websites, much less social media vehicles, and its so underutilized in any meaningful money making way. Its founder and former CEO thought it was a good and feasible idea to be CEO of 2 public companies at the same time.
Musk may be many things, but he's not an idiot and he knows how to make money in the internet realm. And he LOVES Twitter. He's not going to run it into the ground or trash it. I think a likely outcome is relatively minor interface/usage changes are made, it becomes better monetized/more profitable/etc... and is brought back public in the next 2-3 years.
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I predict that twitter will diminish and a different platform will pop up to replace it. One with the rules and guardrails in place from the beginning. It will take a few years.
Or else Musk will get bored and sell it. I do not view Twitter in its current form and Musk as a long term relationship.
When is Elon buying Scoop\
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Interesting discussion about TSLA, guys. Thanks.
I'm a long-term investor and don't like to trade in and out of stocks. I do have some TSLA, but it's a pretty small position.
I agree that in the not-distant future any affect Twitter has on TSLA will be immaterial.
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Its a rangebound stock that still has extreme volatility despite being a huge market cap, and is very news centric. All of that makes it absolutely ripe to be controlled or manipulated around to destroy retail. Especially when there are huge segments of retail that both think its going to $2K/5K/10K and segments that think its going to sub 500/sub 100/0. So the extreme option market is very robust. Its just a crazy ticker to follow.
Yea I don't see that happening. Its been a preeminent communication and news platform for well over a decade. Which is like 50+ years in internet years. I think all thoughts about Twitter's demise revolve around people that don't like Musk in some fashion. People have bitched and complained about Twitter and changes it needed forever...and still use the app constantly.
As some have mentioned, lost in all the noise is the complete lack of effective monetization. You have one of the most visited and impactful websites, much less social media vehicles, and its so underutilized in any meaningful money making way. Its founder and former CEO thought it was a good and feasible idea to be CEO of 2 public companies at the same time.
Musk may be many things, but he's not an idiot and he knows how to make money in the internet realm. And he LOVES Twitter. He's not going to run it into the ground or trash it. I think a likely outcome is relatively minor interface/usage changes are made, it becomes better monetized/more profitable/etc... and is brought back public in the next 2-3 years.
Right. He's not going to buy the whole damn thing, at great personal expense, only to turn around and drive its users away.
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The sky is falling, the sky is falling!
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TWTR currently trading at $48.32. Seems like the believers should dump all of their retirement into the stock and make a quick 15% when Elon buys it.
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TWTR currently trading at $48.32. Seems like the believers should dump all of their retirement into the stock and make a quick 15% when Elon buys it.
Outsized risk but outsized rewards for those that do. The drop is Tesla is making it riskier.
Twitter Stock Drops on Fears Musk Might Abandon Deal
https://www.barrons.com/articles/twitter-stock-drops-on-fears-musk-might-abandon-deal-51651071831?siteid=yhoof2
"Twitter shares are falling Wednesday as investors worry that Elon Musk could try to extricate himself from his $44 billion deal to buy the social media company by paying a $1 billion termination fee.
Twitter shares (TWTR) are off 2.6%, or $1.31, to $48.37 in early trading, and now offer 12% upside to the deal price of $54.20 a share. The annualized return is even higher, at more than 20% to the expected deal closing date around Oct. 1.
Twitter shares were down 3.9% Tuesday in reaction to a 12% drop in Tesla shares (TSLA). The fall in Tesla stock rattled Twitter investors by raising some concerns about Musk’s financing for the Twitter deal, which involves a $12.5 billion margin loan and a $21 billion equity commitment. Tesla is up 4.7%, to $917.75, in early trading Wednesday.
Some Tesla investors aren’t happy with the deal, viewing it as a distraction for the Tesla CEO."
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From Yahoo Finance:
At an all-hands meeting at Twitter on June 16, its prospective owner, Elon Musk, reportedly called free speech "essential." The very next day, reports emerged that the Tesla CEO fired three employees of his other company, SpaceX, after they helped distribute an open letter criticizing his behavior.
The decision by Musk doesn't just highlight his thin skin. It also reflects the fact that being a self-proclaimed "free speech absolutist" just isn't practical. While Musk has said he'd make free speech a key part of Twitter if his planned $44 billion deal to buy it actually goes through, most experts agree that tech platforms need at least some regulation.
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From Yahoo Finance:
At an all-hands meeting at Twitter on June 16, its prospective owner, Elon Musk, reportedly called free speech "essential." The very next day, reports emerged that the Tesla CEO fired three employees of his other company, SpaceX, after they helped distribute an open letter criticizing his behavior.
The decision by Musk doesn't just highlight his thin skin. It also reflects the fact that being a self-proclaimed "free speech absolutist" just isn't practical. While Musk has said he'd make free speech a key part of Twitter if his planned $44 billion deal to buy it actually goes through, most experts agree that tech platforms need at least some regulation.
Well, they did have non disparagement agreements in their employment contracts, so there's that.
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Well, they did have non disparagement agreements in their employment contracts, so there's that.
Sure. But don't say you're all about free speech and then severely punish somebody for speaking freely.
What Musk meant is that he's all for free speech as long as he doesn't mind what's been said. That makes him similar to lots of others who claim to be advocates of free speech, regardless of where they reside on the political spectrum.
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Musk is searching desperately for some way out of this deal and to minimize the break-up fee he'll have to pay to do so. Love the Twitter Board has effectively turned the tables and are trying to force him to complete the deal.
The dog caught the car and is trying to figure out how to let go without getting too much road rash.
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From Yahoo Finance:
At an all-hands meeting at Twitter on June 16, its prospective owner, Elon Musk, reportedly called free speech "essential." The very next day, reports emerged that the Tesla CEO fired three employees of his other company, SpaceX, after they helped distribute an open letter criticizing his behavior.
The decision by Musk doesn't just highlight his thin skin. It also reflects the fact that being a self-proclaimed "free speech absolutist" just isn't practical. While Musk has said he'd make free speech a key part of Twitter if his planned $44 billion deal to buy it actually goes through, most experts agree that tech platforms need at least some regulation.
I think Calvin explained it best.
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Sure. But don't say you're all about free speech and then severely punish somebody for speaking freely.
What Musk meant is that he's all for free speech as long as he doesn't mind what's been said. That makes him similar to lots of others who claim to be advocates of free speech, regardless of where they reside on the political spectrum.
You literally just ignored the point about non-disparagement. I welcome people within my company speaking freely, expressing ideas, and concerns. I particularly encourage it with my team in India where culturally thats not as accepted and they have some hesitation. But if I found out someone in my company or on my team was openly talking sh** about me or the company, especially putting it in print, I would be very inclined to toss them.
Free speech and professionalism are 2 different things. Making demands while calling the founder an embarrassment is just stupid and would get you sh**canned in many many places. As people love to say, free speech doesn't mean freedom from consequences of that speech.
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You literally just ignored the point about non-disparagement. I welcome people within my company speaking freely, expressing ideas, and concerns. I particularly encourage it with my team in India where culturally thats not as accepted and they have some hesitation. But if I found out someone in my company or on my team was openly talking sh** about me or the company, especially putting it in print, I would be very inclined to toss them.
Free speech and professionalism are 2 different things. Making demands while calling the founder an embarrassment is just stupid and would get you sh**canned in many many places. As people love to say, free speech doesn't mean freedom from consequences of that speech.
Ok
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I do not view Twitter in its current form and Musk as a long term relationship.
Bump
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Bump
Pump and dump
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Total buffun move
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No one could have foreseen this.
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From the interwebs:
BREAKING: Elon Musk has terminated his deal to buy Twitter, which is shocking because I didn’t think he knew how to pull out of anything.
5:57 PM · Jul 8, 2022
Apparently, Twitter’s the only thing Musk pulls out of …
7:06 PM · Jul 8, 2022
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Twitter now belongs to Musk
https://www.axios.com/2022/10/27/elon-musk-twitter-free-speech-advertisers
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Twitter now belongs to Musk
https://www.axios.com/2022/10/27/elon-musk-twitter-free-speech-advertisers
His first foray into media. I predict a crap show.
If he keeps Twitter the way it is, he'll be fine. If he adds filters advertisers and users may abandon.
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He bought it to change it, aina?
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He bought it to change it, aina?
Change what?
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His first foray into media. I predict a crap show.
If he keeps Twitter the way it is, he'll be fine. If he adds filters advertisers and users may abandon.
Musk is an authoritarian, a Friend of Putin and Trump. We know what he will do.
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O/U on this getting locked is 6.5 pages
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Musk is an authoritarian, a Friend of Putin and Trump. We know what he will do.
::) ::) ::)
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::) ::) ::)
You have no idea what will happen? :)
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Musk is an authoritarian, a Friend of Putin and Trump. We know what he will do.
"Friend of Putin" is a streeeetttccchhhh
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"Friend of Putin" is a streeeetttccchhhh
Wannabe friend of Putin?
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Wannabe friend of Putin?
Super rich guy who hopes to get even richer by currying favor with other super rich guy?
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Musk is an authoritarian, a Friend of Putin and Trump. We know what he will do.
We? You and the mouse in your pocket?
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It’ll be interesting to see how it plays out. I don’t care one way or the other. I’m expecting Musk to clean house, move the headquarters out of SF, and that the “private companies can do what they want” energy will completely change. Twitter will suddenly become a “threat to national security” that promotes and allows “hate speech” and “misinformation.” I think these predictions will end up being pretty spot on, regardless of any of the merit behind it.
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I hope Musk lets anybody twat about anything. It’s good to know who the racists, traitors, domestic terrorists, anti-Semites and criminals are.
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It’ll be interesting to see how it plays out. I don’t care one way or the other. I’m expecting Musk to clean house, move the headquarters out of SF, and that the “private companies can do what they want” energy will completely change. Twitter will suddenly become a “threat to national security” that promotes and allows “hate speech” and “misinformation.” I think these predictions will end up being pretty spot on, regardless of any of the merit behind it.
You’re right, of course. People with half his intellect and none of his vision will continue to call Musk all sorts of nasty things - and he’ll continue to laugh at them, which will only make them more unhinged. Interesting times ahead.
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I hope Musk lets anybody twat about anything. It’s good to know who the racists, traitors, domestic terrorists, anti-Semites and criminals are.
Mike
Good to see a liberal who still favors free speech. Not many of you left.
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I hope Musk lets anybody twat about anything. It’s good to know who the racists, traitors, domestic terrorists, anti-Semites and criminals are.
I tend to agree.
The problem, though, is that throughout a portion of our society, being racist or being an anti-Semite is now a badge of honor.
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Mike
Good to see a liberal who still favors free speech. Not many of you left.
You’re not being truthful.
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Mike
Good to see a liberal who still favors free speech. Not many of you left.
Your morph in Chicos continues...which is amusing given how much you fought with him.
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Mike
Good to see a liberal who still favors free speech. Not many of you left.
Ron DeSantis fan claims to be for free speech.
Irony is dead. Cause of death: murder.
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Mike
Good to see a liberal who still favors free speech. Not many of you left.
I don’t want a Scoopspension, Tony, so I’ll just let your blatantly political (and inaccurate) post stand. Have a good one.
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Sigh. Thanks for ruining it Lenny & Pak.