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Last post 6 months ago by MidnightToker( • )( • ). 38 replies replies.
X & Twitter...looses 3/4 value & more?
Mr. Jones Offline
#1 Posted:
Joined: 06-12-2005
Posts: 19,434
FRONTLINE PBS
S41/ EP 21

"ELON MUSKS TWITTER TAKEOVER"

Good show...

Buying Twitter was the dumbest thing he ever did....

SMARTEST THING HE DID WAS USE A LEVERAGED BUYOUT STRATEGY ( GORDON GEKO's favorite way 1980 wall Street movie)...HE USED OTHER PEEPS MONEY WITH STRICT NO WAY OUT CLAUSES...
He pretty much lost all of his investors money that was loaned to him by Larry Ellison/ ORACLE , bank of America , Morgan Stanley, jack Dorsey ( owner / inventor of Twitter), Qatar investment co., Barclay's,BNP PARIBUS FRANCE, MITSUBISHI FINANCE, AND MANY OTHERS...

Pay twice or more than what it was worth and loose 3/4 or more of it's fake value...

What an egotistical jack-ass...the dude is high end spectrum aLLeDgeDlY who acts like a petulant child...11 kids to 3 women's...that goofy broad from Canada "GRIMES" takes the 🎂 cake, I bet her music blows too? aLLeDgeDlY, I never heard one tune I know of...
rfenst Online
#2 Posted:
Joined: 06-23-2007
Posts: 39,349
I saw it on Frontline last night too. Serves him right for opening his big mouth and no due diligence before entering in to a purchase contract he could not get out of.
8trackdisco Offline
#3 Posted:
Joined: 11-06-2004
Posts: 60,087
Mr. Jones wrote:
FRONTLINE PBS
S41/ EP 21

"ELON MUSKS TWITTER TAKEOVER"

Good show...

Buying Twitter was the dumbest thing he ever did....

SMARTEST THING HE DID WAS USE A LEVERAGED BUYOUT STRATEGY ( GORDON GEKO's favorite way 1980 wall Street movie)...HE USED OTHER PEEPS MONEY WITH STRICT NO WAY OUT CLAUSES...
He pretty much lost all of his investors money that was loaned to him by Larry Ellison/ ORACLE , bank of America , Morgan Stanley, jack Dorsey ( owner / inventor of Twitter), Qatar investment co., Barclay's,BNP PARIBUS FRANCE, MITSUBISHI FINANCE, AND MANY OTHERS...

Pay twice or more than what it was worth and loose 3/4 or more of it's fake value...

What an egotistical jack-ass...the dude is high end spectrum aLLeDgeDlY who acts like a petulant child...11 kids to 3 women's...that goofy broad from Canada "GRIMES" takes the 🎂 cake, I bet her music blows too? aLLeDgeDlY, I never heard one tune I know of...


Considering how corrupt and evil Twitter was on snuffinf out free speech and them being the high preist of what people can see and read, I'm happy Musk shined a bright light on their cockroach nest. (Do cockroaches have nests?)

If he can't fix it, at least he can take it down- at a huge personal expense.
ZRX1200 Offline
#4 Posted:
Joined: 07-08-2007
Posts: 60,627
Tell me you hate free speech without saying you hate free speech
HockeyDad Offline
#5 Posted:
Joined: 09-20-2000
Posts: 46,160
I’m going to go out on a limb and predict Elon Musk will be fine.
ZRX1200 Offline
#6 Posted:
Joined: 07-08-2007
Posts: 60,627
https://youtube.com/shorts/OyjfHCV0D7E?si=NniFsN-r4OQLgR2v
rfenst Online
#7 Posted:
Joined: 06-23-2007
Posts: 39,349
wrote:
HockeyDad]I’m going to go out on a limb and predict Elon Musk will be fine.

Explainer: How Elon Musk funded the $44 billion Twitter deal


Reuters/October 28, 2022

Olon Musk on Thursday closed the $44 billion deal announced in April to take Twitter Inc (TWTR.N) private and took ownership of the influential social media platform by firing top executives immediately.

"The bird is freed," he tweeted in an apparent nod to his desire to see the company has fewer limits on content that can be posted. But Musk provided little clarity on how he will achieve his goals. read more Earlier this month, Musk brought the deal back on the table after previously trying to walk away from it. Musk had said he was excited to buy Twitter but he and his co-investors are overpaying.

WHAT WAS HIS FINANCING PLAN?
Musk pledged to provide $46.5 billion in equity and debt financing for the acquisition, which covered the $44 billion price tag and the closing costs. Banks, including Morgan Stanley (MS.N) and Bank of America Corp (BAC.N), committed to provide $13 billion in debt financing.

Experts have said commitments from banks to the deal were firm and tight, limiting their ability to walk away from the contract despite the prospect that they may face major losses.

Musk's $33.5 billion equity commitment included his 9.6% Twitter stake, which is worth $4 billion, and the $7.1 billion he had secured from equity investors, including Oracle Corp (ORCL.N) co-founder Larry Ellison and Saudi Prince Alwaleed bin Talal.

That had left Musk in need for an additional $22.4 billion of funds to cover the equity financing portion of the deal.

Since the co-backers were revealed, Apollo Global Management Inc (APO.N) and Sixth Street Partners have pulled their offers from the table.

Musk, 51, is the world's richest person with a net worth of $222 billion, according to Forbes, but a large portion of his fortune is tied to his stakes in Tesla and Space X.

According to a Reuters calculation, Musk had about $20 billion cash after selling part of his stake in Tesla through multiple transactions in November and December last year and April and August.

Musk would have needed to raise an additional $2 billion to $3 billion to complete the financing for the deal.

WHAT ABOUT THE SHORTFALL?
It was not immediately clear how Musk covered a gap of about $3 billion in financing. Wedbush analyst Daniel Ives said it could be outside capital as no Form 4s were filed this week and it could likely be an investor already backing the deal.

Musk was widely expected to sell more of his Tesla shares in the nine-day window between the electric automaker's results on Oct. 19 and the Oct. 28 deadline to close the deal. A sale has not been notified so far.
Mr. Jones Offline
#8 Posted:
Joined: 06-12-2005
Posts: 19,434
If I didn't know any better?

Which I don't....

I'm thinking MUSK IS A CLOSET MORMON / SEVENTH DAY ADVENTIST??? 11 SPAWN TO " TREE WOMENS" WITH GADS OF OTHER HOT GASH INBETWEEN KNOCKING UP TREE DIFFERENT KENTS... aLLeDgeDlY.. he's dated some really hot women...international fashion models , movie stars, musicians..
8trackdisco Offline
#9 Posted:
Joined: 11-06-2004
Posts: 60,087
ZRX1200 wrote:
Tell me you hate free speech without saying you hate free speech


Twitter was more filled with lefties than Trump nuts.
MACS Offline
#10 Posted:
Joined: 02-26-2004
Posts: 79,817
8trackdisco wrote:
Considering how corrupt and evil Twitter was on snuffinf out free speech and them being the high preist of what people can see and read, I'm happy Musk shined a bright light on their cockroach nest. (Do cockroaches have nests?)

If he can't fix it, at least he can take it down- at a huge personal expense.


We are in 100% agreement. This is why I can't understand Robert's take. You're pissed at the guy for showing you how bad you've been lied to??

Okay.
HockeyDad Offline
#11 Posted:
Joined: 09-20-2000
Posts: 46,160
8trackdisco wrote:
Twitter was more filled with lefties than Trump nuts.


That shows you that censorship works!
ZRX1200 Offline
#12 Posted:
Joined: 07-08-2007
Posts: 60,627
How do we know it was, when they knew they were infested with bots they refused to disclose and shadow banned people?

Amazing to see certain types scream about the weird spectrum dude but we’re silent about the collusion T had with the gov to sway an election….also while remembering them scream about RUSSIA! effecting an election by throwing 700k at FB troll farms? Laughably pathetic.
rfenst Online
#13 Posted:
Joined: 06-23-2007
Posts: 39,349
MACS wrote:
We are in 100% agreement. This is why I can't understand Robert's take. You're pissed at the guy for showing you how bad you've been lied to??

Okay.

No. Just an unnwise way for anyone to buy any business. You have got to at least confirm its numbers are accurate(due dilligence) before entering into a binding contract. He later realized this and tried to litigate his way out of contract, but ran into a brick wall and just had to give up. That is my sole issue with his facebook aquisition.
ZRX1200 Offline
#14 Posted:
Joined: 07-08-2007
Posts: 60,627
You aren’t wrong but do you think financial was his only motivation in the acquisition?
rfenst Online
#15 Posted:
Joined: 06-23-2007
Posts: 39,349
ZRX1200 wrote:
You aren’t wrong but do you think financial was his only motivation in the acquisition?

No.
I just think it was an emotional, virtually spontaneous, too-quick, purchase.
ZRX1200 Offline
#16 Posted:
Joined: 07-08-2007
Posts: 60,627
Reasonable argument, I think he’s made it clear that he was passionate about why though. His why should be a bigger discussion than it is, and it’s a continuation of muffled information by an out of control government (under either party).
Mr. Jones Offline
#17 Posted:
Joined: 06-12-2005
Posts: 19,434
That's why the dude ( MUSK) is "very high"

"On the spectrum" aLLeDgeDlY...

He just acts on total impulse ....

Totally makes up his mind in minutes...

Then his spectrum-itis mind wonders why what he wanted a few minutes ago has not already happened...

The dude has zero patience whatsoever...
8trackdisco Offline
#18 Posted:
Joined: 11-06-2004
Posts: 60,087
ZRX1200 wrote:
How do we know it was, when they knew they were infested with bots they refused to disclose and shadow banned people?

Amazing to see certain types scream about the weird spectrum dude but we’re silent about the collusion T had with the gov to sway an election….also while remembering them scream about RUSSIA! effecting an election by throwing 700k at FB troll farms? Laughably pathetic.


Z,
Not sure if you are aiming that directly, indirectly, or not at all to me. I'll go with A or B.

You invest/spend/waste more time following social media and politics than I do. For years I was deep into politics, and did have a FB account and still do have a Twitter account- with about 20 posts over 10 years.

Four or five years ago, I stopped posting on FB. The closest thing I do to social media is posting here.

The division social media creates, all of it, has been tearing the fabric of America apart, and leading to nothing but polirization, 1/4 Truth news articles, and spin, all driven by Cash for Clicks. With Hate being the favorite dopomine hit, most love to go to the trough with "the enemy" and get their Hate on.

Where are we now as a country/society? (Ballpark #s below based only very little)
25% of Americans on the far left think the far right is the enemy of the state.
25% of American on the far right think the far left is the enemy of the state.

I look at friendships here compared to fifteen years ago. The five or six guys I liked the most, who use to get on Skype on a weekend and drink and laugh until we all cried- and then kept laughing- don't talk with each other any more. Mostly do to politics annd their perception of events in social media. I do regulary talk and text with one of them at least every few days. Another about a text a week, another once a year, another once every couple years, and the other never.

My life- our lives, are less fun and fulfilling. As a country, we are at all time highs for Deaths of Dispair (drugs, alcoholism, depression, suicide etc). Do we need to fracture ourselves further?

This is across the aboard. Agnostics, Atheists, Jews and- what hurts me the most- Christians. Or people who claim to be Christian. Followers of Jesus Christ judging and condeming others when they should be forgiving and trying to bring people together.

Yes, I fail every day. Multiple times a day. Hypocrite? yes. However, I am trying every day. How do I try?

-Start and end every day in prayer.
-Forgive whenever possible (can do that successfully about 80% of the time, which means a 20% failure late). Forgetting? Never Forget was mine and Pearl Harbor's motto. I'm a little better now and improving enough to the point of not being able to put a % on how much, I've remembered to forget. (RIP Steven Wright).
-Limit myself to one hour of news per day.
-Stretch, yoga, breathing exercises each day.
-Five miles walked each day for 280+ days.
-Sit quietly in nature (although I get cold easily).

The Hate I've eaten and spewed over the decades has (I believe) led to some of the medical issues I'm now going through.

Other than a 36 hours of madness on Mondays and Tuesdays, I look for ways to surround myself with people and things that bring contentment, calm, happiness and joy.

So what are you doing in the Politics section? Good point. What I like to see is respectable people sharing their thoughts and perspectives. Unlike the first 50+ years of my life, I don't surround myself with people who I share the same thought processes. If you talk with people you don't agree with, and ask questions instead of pass judgement, you can learn why they feel the way they do. Sometimes they take something new from what I offered. (shrug)

Do I still pass judgment? Yes- again, failure. Be assured, I am working on me.

If you'd like to talk, lmk. I've always liked you and still do. You have a bite and although youve lost your magical subtle sarcasm, I do find you entertaining.

Now, back to trying to walk the talk.

Peace, Brother.

And if you weren't talking to me....... never mind.
ZRX1200 Offline
#19 Posted:
Joined: 07-08-2007
Posts: 60,627
Not aimed at anyone it was a generalization.
ZRX1200 Offline
#20 Posted:
Joined: 07-08-2007
Posts: 60,627
I enjoy reading context from folks here though, I think it helps cut misinterpretations of typed words.
rfenst Online
#21 Posted:
Joined: 06-23-2007
Posts: 39,349
Mr. Jones wrote:
That's why the dude ( MUSK) is "very high"

"On the spectrum" aLLeDgeDlY...

He just acts on total impulse ....

Totally makes up his mind in minutes...

Then his spectrum-itis mind wonders why what he wanted a few minutes ago has not already happened...

The dude has zero patience whatsoever...


What he is great at is the big pictures of uber technology, advanced eneering; rockets, satelites, outer space technology, etc.

Those qualities/skills (which we know he excells at ) simply aren't the same as those required to buy, takeover, manage and totally change a product.

He simply made a mistake when he "stepped out of his box."

This will be taught as an example in business schools and law schools, for different reasons for years to come.

Mark my words.
DrMaddVibe Offline
#22 Posted:
Joined: 10-21-2000
Posts: 55,498
rfenst wrote:
What he is great at is the big pictures of uber technology, advanced eneering; rockets, satelites, outer space technology, etc.

Those qualities/skills (which we know he excells at ) simply aren't the same as those required to buy, takeover, manage and totally change a product.

He simply made a mistake when he "stepped out of his box."

This will be taught as an example in business schools and law schools, for different reasons for years to come.

Mark my words.



All fine and great, yeah? Then why does he have to do EVERYTHING with a government tit to suck on attached to it! That's my grind with him. Great innovator and way to take tech into new areas with new ideas...sure. He's not the "John Galt" character he fancies for himself. I get he has to get into bed with the government because of the intricacies associated with national security, but I don't believe he could survive without a government backstop.

Now, getting back to Twatter. You're focused on the "Why". It's been addressed already that what he's done for Free Speech is monumental and a real peel the veneer back and show us the ugliness that goes into the sausage making. They were a uber left leaning echo chamber. The only ones still butthurt about what Musk has done with their little "playground" are the same ones with multiple accounts shouting down and dissent. Now, the question that nobody near him has asked is was that his intention all along in purchasing it. To show the constraints and control behind the scene...to show how a company lied to Congress, it's own users and were useful to pushing propaganda on the World. Nobody really gives a crap about the money angle. EVERYONE knew it was overvalued. That was due to bloating itself to be unattractive for a buyout. Well, golll-eeeey he bought them anyways. Showed what a whack job that fruitcake was that ran it before, fired more that 75% of the liquid poo "working" there and it's still in existence. Will he get his investment back? I DGAF. What he did to propel Free Speech, that matters. Each day another rat gets dragged into the light. The latest one with deliciousness was the Anti-Defamation League. They got PWN3D! So, him purchasing a shiny new toy to smash it is what it's all about, but then a funny thing happened on the way to the bottom. People lapped up the exposure the Left enjoyed in the shadows of their echo chamber. THAT will be what History has to say about him, not that he lost money on another investment.
8trackdisco Offline
#23 Posted:
Joined: 11-06-2004
Posts: 60,087
Think rfenst and dmv are both right.

Musk is a gifted visionary and individual contributor. His management skills are less profound.
Not sure what his motivation was. Ironic how at great personal cost (I think so anyway) he broke one of the biggest tools dividing America.

Much like the banking scandal of the 2000s, nobody will do a lick of jail time or held responsible.

Funny how a foreigner seems to care more about the constitution than a third of American citizens.

And why arrached to every government tit? Easy. Money. A lot of money in the hands of dumb, aging men who he can easily outmaneuver for financial gain in the long run.
HockeyDad Offline
#24 Posted:
Joined: 09-20-2000
Posts: 46,160
rfenst wrote:
What he is great at is the big pictures of uber technology, advanced eneering; rockets, satelites, outer space technology, etc.

Those qualities/skills (which we know he excells at ) simply aren't the same as those required to buy, takeover, manage and totally change a product.

He simply made a mistake when he "stepped out of his box."

This will be taught as an example in business schools and law schools, for different reasons for years to come.

Mark my words.



Or when X goes IPO in a few years you’ll be trying to figure how to get a few shares.
ZRX1200 Offline
#25 Posted:
Joined: 07-08-2007
Posts: 60,627
Elon removes Hamas linked accounts…..

Not something Jack Dorsey would have done.

But by golly that share price! Sometimes doing the right thing has a price.
rfenst Online
#26 Posted:
Joined: 06-23-2007
Posts: 39,349
Do you think the buy-out lenders would have jumped on board just for free speach if he did due dilligence before signing the contract? If he did it for free speech, why did he try to get out of the deal?
ZRX1200 Offline
#27 Posted:
Joined: 07-08-2007
Posts: 60,627
Sounds like they didn’t do their due diligence, maybe they’ll be harshly judged by future law students and financial pundits.
rfenst Online
#28 Posted:
Joined: 06-23-2007
Posts: 39,349
ZRX1200 wrote:
Sounds like they didn’t do their due diligence, maybe they’ll be harshly judged by future law students and financial pundits.
Now you are catching on... Herfing
HockeyDad Offline
#29 Posted:
Joined: 09-20-2000
Posts: 46,160
I’m just going to go ahead and bet on Elon Musk.
Mr. Jones Offline
#30 Posted:
Joined: 06-12-2005
Posts: 19,434
I'm not...😂🤣😂🤣
HockeyDad Offline
#31 Posted:
Joined: 09-20-2000
Posts: 46,160
Mr. Jones wrote:
I'm not...😂🤣😂🤣


Yeah but Elon is worth billions.
Mr. Jones Offline
#32 Posted:
Joined: 06-12-2005
Posts: 19,434
I'm worth $23 K...
DrafterX Offline
#33 Posted:
Joined: 10-18-2005
Posts: 98,559
rfenst Online
#34 Posted:
Joined: 06-23-2007
Posts: 39,349
HockeyDad wrote:
I’m just going to go ahead and bet on Elon Musk.

I would too, in the long-run, for now.
Mr. Jones Offline
#35 Posted:
Joined: 06-12-2005
Posts: 19,434
Ram's smoke ward is at least $$$ FIDDY L.A.R.G.E.
IN this current real estate market....

I'm $27 k short...
ZRX1200 Offline
#36 Posted:
Joined: 07-08-2007
Posts: 60,627
https://thehill.com/policy/technology/4270360-elon-musk-offers-1m-to-wikipedia-if-theyll-change-their-name/amp/

He is the best….Rfenster needs to rethink things
ZRX1200 Offline
#37 Posted:
Joined: 07-08-2007
Posts: 60,627
https://www.thestreet.com/technology/elon-musk-boring-company-market-cap-7-billion-dollars


What a loser man!

Yeah this is gonna be taught in schools years from now.
MidnightToker( • )( • ) Offline
#38 Posted:
Joined: 10-20-2023
Posts: 877
ZRX1200 wrote:
https://thehill.com/policy/technology/4270360-elon-musk-offers-1m-to-wikipedia-if-theyll-change-their-name/amp/

He is the best….Rfenster needs to rethink things

I heard he offered 1B to change it to D*ckopedia so it's a more accurate name. Also requested cow and poo emoji on his wiki page.
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