Twitter dead, Elon broke by end of 2023

[Thin Lizzy]

Ask yourself, has he ever taken over a company and turned it around? No.

So you could deduct that this is a salvage operation funded by the same place that funds his other businesses that don't operate in the black?

Who benefits most from blurring what was going on before midterms....or I guess everyone thinks the timing is coincidental and that somebody is actually going to get in trouble?

The company was priced for huge profitability going forward. They had a good year in 2021, but will this continue given the current economic climate? The recent price action of the stock says “no.”

My take is that the overwhelming majority of people don’t really give a shit whether there’s a battery or an internal combustion engine getting their car from point A to B. It’s essentially a transportation appliance. And even if electric cars do become more prevalent in the future can’t Toyota, GM etc. transfer over? I don’t see why Tesla should dominate the way Apple dominates iPhones.

[Dave D]

It's the details where we disagree. Your perspective is that Musk might fail trying to make a difference. I see someone whose unparalleled hubris forced him to take on an unnecessary debt. He didn't choose to buy twitter, he was legally forced to buy twitter after trying to back out.

You’re 100% correct. I know he didn’t want to buy Twitter but was forced to honor his contract. His ego definitely got the best of him. Every decision he’s made since has been odd, even more so as he’s under public scrutiny BUT as every issue has become a political issue I think most people can’t look at his actions objectively. The right is seeing Musk as a hero, the left is seeing him as a tyrant. Undoubtedly he’s somewhere in between.

Everyone should be appalled that there was government interference with releasing information that would influence election results, but somehow that’s being glossed over because Musk is restricting free speech or allowing racist hate speech…..

His decision to sell off items from the office is odd, even for him. Undoubtedly it’s a publicity stunt but some see it as a liquidation move. Charging $9 a month for verification and just jumping into the change with zero transition was also a strange move. But it depends on how you interpret the decision; was it a rush decision with no thought behind it or was it a power play to let people know he’s in charge and this system is going to follow his rules; or was it combination of both of these?

My point is this is all viewed from whatever prism you “see” it from.

Musk was “forced” to buy this company and now he’s trying to act like what he’s doing was the plan all along.  Just like stepping down as CEO, now he has an out if this venture fails because he can say he didn’t have enough time in charge to correct what was wrong.

[Thin Lizzy]

Tesla Electric Car Competitors including the Tesla of China (NIO). It’s clearly a failing industry being propped up by special interests:

[oldschoolfan]

I remember when that idiot coach joe Marino was claiming musk was paying for Twitter in cash he also claimed in another thread musk is worth 400 billion dollars

[MAXX]

Tesla Electric Car Competitors including the Tesla of China (NIO). It’s clearly a failing industry being propped up by special interests:

isn't pretty much all industries going to shit now with raised interest on loans? 

guess car industry is extra sensitive to interest changes due to being high priced and for most people non-essential. So the first thing people cut back on in a hard recession.

[Thin Lizzy]

isn't pretty much all industries going to shit now with raised interest on loans? 

guess car industry is extra sensitive to interest changes due to being high priced and for most people non-essential. So the first thing people cut back on in a hard recession.

Primarily the ones that are hopelessly unprofitable and were depending on cheap funding to keep them afloat.

[SOMEPARTS]

The company was priced for huge profitability going forward. They had a good year in 2021, but will this continue given the current economic climate? The recent price action of the stock says “no.”

My take is that the overwhelming majority of people don’t really give a shit whether there’s a battery or an internal combustion engine getting their car from point A to B. It’s essentially a transportation appliance. And even if electric cars do become more prevalent in the future can’t Toyota, GM etc. transfer over? I don’t see why Tesla should dominate the way Apple dominates iPhones.

Apple had first mover advantage and early on they made a superior product. Now that computing power and storage are even their business plan to sell more phones is slowing them down with "updates" to force buying a new phone. It's not a good model.

Tesla did the heavy lifting in R&D while the legacy auto companies sat back and took notes. Musk knew TSLA had a shelf life. Turns out it is very profitable to sell people's info to corps and govs so that is where he is headed for now. The only dem dumb and rich enough to buy it from him is Bloomberg.

In sending 6 people to space, boring tunnels, making electric cars, satellite internet etc have one thing in common - all the $$$ for the founder is upfront in the development and buzz not the end business model.

[illuminati]

You're  one of the most pathetic posters here. You don't have the brains or ability to hit any nerves.

I just checked and you were recently posting about Britney Griner being an evil tranny... probably rubbing one out as you typed.

Not nearly as pathetic & useless as you 😊

For a Black Leftist Liberal you have a active imagination-
That thing Griner should've been left to rot in a Russian cell with the American national anthem playing continuously

Could've guess you'd be along to White Knight for it.

[ProudVirgin69]

Hmmmm I might if I see / hear / read enough Facts & Truth
Likely others will also.

After the horrendous happenings over that time period & possible Crimes against Humanity
I'd say we all should Give a Shit about it.
As it may well happen again .

the only possible "crime against humanity" is your posting.  Keep the thread on topic please

[ProudVirgin69]

Tesla did the heavy lifting in R&D while the legacy auto companies sat back and took notes. Musk knew TSLA had a shelf life. Turns out it is very profitable to sell people's info to corps and govs so that is where he is headed for now. The only dem dumb and rich enough to buy it from him is Bloomberg.

'selling people's info to corps' is just targeted advertising, nothing unique about twitter in that regard.  Selling people's info to governments is more interesting - do you have a source on this?

[Dave D]

'selling people's info to corps' is just targeted advertising, nothing unique about twitter in that regard.  Selling people's info to governments is more interesting - do you have a source on this?

It’s a part of the Twitter files, the 8 release. Idk that the were selling information with FBI as opposed to sharing it.

[Zillotch]

what if Al got sucked into the propaganda? Alot of people did, that dosen't make them bad. They were doing what they were lead to believe was the right action for society.

Al is a reprobate.

matt has to queer it up by arguing over covid for the umpteenth time.  Who gives a shit at this point

The only time I ever encounter people still talking about covid is on getbig , its kind of surreal, like its 2020

There's plenty else to worry about now, covid is kinda boring at this point truth be told

^ this is why a genocide can b carried out in broad daylight while any notion of such a thing falls by the wayside

notice that the reprobate mind is blind and will work directly against its own interests with the sincere belief that doing so is correct.

a reprobate mind has no concept of the truth, nor can it.. for it has been seared, cauterized by the Creator.

when a human being becomes reprobate.. when that line in the sand is crossed - their soul is given over... thrust forward into sin (the desired state of man) and locked into damnation for eternity.

every man will have to choose between this world and God

if u r still capable of logic, can detect a genuine conscience within your consciousness and understand that there will b nothing of value inside of the technological hellscape coming to fruition before your eyes... u may not yet b reprobate:

satan and his clown world want every human being marred, dead and damned to hell before they can accept Christ and attain salvation - mans only hope.

humanity is fast approaching (if not past) the point of no return.. and time is growing ever faster.

non reprobates might wanna get with the program asap.

[ROBOAK]

Zillotch = best poster on getbig

[SOMEPARTS]

'selling people's info to corps' is just targeted advertising, nothing unique about twitter in that regard.  Selling people's info to governments is more interesting - do you have a source on this?

I don't think you grasp the depth of all this.

[Humble Narcissist]

Elon will never be broke.

[Sissysquats]

Doubtful Elon will go broke. His fu money has fu money

[Kwon_2]

Elons interest is generating interest

[falco]

Title is (partly) an exaggeration, but Twitter has been a categorical mess for the last few days. 

Musk is trying to raise more investor funding at the inflated price he paid for the company.  Revenue and ad serve pages have plummeted, not only faster than anyone predicted, but at a pace that did not even seem possible a few months ago.

Until recently, I was 40/60 on whether he could shock everyone and turn it around, but I read that he's banning  links to other social media sites. I'm sure this will be reversed soon, after it drives twitter a little bit further into the ground, but to me, this was the clearest sign that he just doesn't understand social media enough to actually make it profitable. Being able to promote accounts on other platforms is a basic, vital  feature .

We can throw the idea that he's sly like a fox out the window. He's cashed in $40bn in Tesla stock as the stock plummets and major investors call for him to step down as ceo.

Not really no.
Without the "hate speech" police, Twitter is going to grow.
85% of world population are religious, hence have conservative values. No woke shit, no libertarian lifestyles, and aware how socialist politicies ruin life standarts.
Twitter is going to GROW.

[Thin Lizzy]

Not really no.
Without the "hate speech" police, Twitter is going to grow.
85% of world population are religious, hence have conservative values. No woke shit, no libertarian lifestyles, and aware how socialist politicies ruin life standarts.
Twitter is going to GROW.

Twitter has always been a money pit. Perhaps it turns around under Musk but I doubt it. It’s basically a shit product.

[ProudVirgin69]

Not really no.
Without the "hate speech" police, Twitter is going to grow.
85% of world population are religious, hence have conservative values. No woke shit, no libertarian lifestyles, and aware how socialist politicies ruin life standarts.
Twitter is going to GROW.

If that's the case, why havent any of the other "conservative" twitter clones been a success?  Parler, Gab, Truth Social - none have a fraction of the users Twitter had before musk

[ProudVirgin69]

Twitter has always been a money pit. Perhaps it turns around under Musk but I doubt it. It’s basically a shit product.

Exactly.  Musk paid $44,000,000,000 to be the main character on the Internet.  Alas a fool and his money are soon parted

[IroNat]

Elon will never be broke.

This.

I'm sure he's got billions stashed in a Cayman Islands bank.

[IroNat]

Exactly.  Musk paid $44,000,000,000 to be the main character on the Internet.  Alas a fool and his money are soon parted

https://www.firstpost.com/explainers/explained-how-elon-musk-got-44-billion-to-buy-twitter-11525831.html

In the end, the South African-born billionaire will personally cough up a little more than $27 billion in cash in the transaction.

The total sum of the deal also includes $5.2 billion from investment groups and other large funds, including from Larry Ellison, the co-founder of software company Oracle, who wrote a $1 billion check as part of the arrangement.

Qatar Holding, which is controlled by Qatar’s sovereign wealth fund, the Qatar Investment Authority, has also tossed capital into the pot.

And Prince Alwaleed bin Talal of Saudi Arabia transferred to Musk the nearly 35 million shares he already owned.

In exchange for their investments, the contributors will become Twitter shareholders.

The rest of the money — about $13 billion worth — is backed by bank loans, including from Morgan Stanley, Bank of America, Japanese banks Mitsubishi UFJ Financial Group and Mizuho, Barclays and the French banks Societe Generale and BNP Paribas.

According to documents filed with the US Securities and Exchange Commission, Morgan Stanley’s contribution alone is about $3.5 billion.

These loans are guaranteed by Twitter, and it is the company, not Musk himself, which will assume the financial responsibility to pay them back.

[Irongrip400]

It's the details where we disagree. Your perspective is that Musk might fail trying to make a difference. I see someone whose unparalleled hubris forced him to take on an unnecessary debt. He didn't choose to buy twitter, he was legally forced to buy twitter after trying to back out.

I didn’t think he was legally forced, but was going to have to pay a billion dollar break up fee. I’m not positive of that, and the fact he did end up buying somewhat proves he was forced, I’m just not sure why he’d put himself in that position. What was the contingencies of the break up fee?

[Kwon_2]

Elon will never go broke

His money will always generate more money