Elon Musk Buys Twitter

[Draco-Onis]

Nah, overvaluation of Tesla is just Musk fanboyism. If people like Musk they believe everything he touches turns to gold. Twitter had nothing of the sort, it was just a big tech company waiting for someone to catch that ball.

But Elon Musk is a venture capitalist, he is someone who made his fortune doing these types of deals. He even said himself a few months before that buying twitter was a very bad idea. If you want to use hindsight had he taken a few months to do due diligence like he should have then he would have gotten it at a cheaper price. At the time when he made the bid it was a sensible one considering the stock price, I can't fault him for not timing the market but signing blindly that was utterly idiotic.

[bladeXcrasher]

But Elon Musk is a venture capitalist, he is someone who made his fortune doing these types of deals. He even said himself a few months before that buying twitter was a very bad idea. If you want to use hindsight had he taken a few months to do due diligence like he should have then he would have gotten it at a cheaper price. At the time when he made the bid it was a sensible one considering the stock price, I can't fault him for not timing the market but signing blindly that was utterly idiotic.

LOL...the dude single handedly sunk Twitter and Tesla stock.

[Draco-Onis]

LOL...the dude single handedly sunk Twitter and Tesla stock.

Yup mainly he keeps saying he won't sell Tesla stock only to sell more Tesla stock days later. But no one should be under the delusion that Elon will go bankrupt personally he has a platinum parachute due to his birth and he has reached too big to fail status.

[Evil Midnight Bomber]

But Elon Musk is a venture capitalist, he is someone who made his fortune doing these types of deals. He even said himself a few months before that buying twitter was a very bad idea. If you want to use hindsight had he taken a few months to do due diligence like he should have then he would have gotten it at a cheaper price. At the time when he made the bid it was a sensible one considering the stock price, I can't fault him for not timing the market but signing blindly that was utterly idiotic.

It's hard to say that he would have gottten a better price if he had done his due dilligence. The main reason his offer was accepted was because of how much he was overpaying. It was never a sensible bid. It wasn't even a serious bid. He didn't do his due dilligence because he didn't think Twitter would be able to force him to go through with his offer. He made an offer of $FuckAround and got stuck paying $FindOut.

[Breccia]

The main reason his offer was accepted was because of how much he was overpaying.

Once he signed that contract, he wasn't going to be let out of it. Not in a Delaware court, that's for sure.

[Evil Midnight Bomber]

Once he signed that contract, he wasn't going to be let out of it. Not in a Delaware court, that's for sure.

Sure, for humans. But he's the Great and Powerful Musk. What right does any Mortal Court, much less a Delaware Court, have to pass judgement upon him?

[Breccia]

What right does any Mortal Court, much less a Delaware Court, have to pass judgement upon him?

They looked at the man behind the curtain, apparently.

[Evil Midnight Bomber]

they looked at the man behind the curtain, apparently.

I told them not to do that!

[fwc577]

Ya'll hungry? The next nothingburger is coming later this week. It's called the #FauciFiles.

BTW, it sounds like we're getting very close to doxxing.

[Breccia]

The next nothingburger is coming later this week. It's called the #FauciFiles.

I can't wait for the response. "Fauci lied about COVID while working for Trump who lied about COVID! We should arrest Fauci and re-elect Trump!"

[Draco-Onis]

It's hard to say that he would have gottten a better price if he had done his due dilligence. The main reason his offer was accepted was because of how much he was overpaying. It was never a sensible bid. It wasn't even a serious bid. He didn't do his due dilligence because he didn't think Twitter would be able to force him to go through with his offer. He made an offer of $FuckAround and got stuck paying $FindOut.

Maybe but proper due diligence takes months to do and the stock would have tanked by then, Twitter also looked for other buyers no one wanted it. Elon had all the leverage in the world he just gave it away and walked into this, my guess is he drank too much of his Kool-aid thinking everything he touches will turn to gold.

[The Stormbringer]

I can't wait for the response. "Fauci lied about COVID while working for Trump who lied about COVID! We should arrest Fauci and re-elect Trump!"

Something something not working for Trump something something Deep State something!

[Evil Midnight Bomber]

Maybe but proper due diligence takes months to do and the stock would have tanked by then, Twitter also looked for other buyers no one wanted it. Elon had all the leverage in the world he just gave it away and walked into this, my guess is he drank too much of his Kool-aid thinking everything he touches will turn to gold.

You don't know that Twitter's stock would have tanked. This is a whole butterfly effect situation.

[Draco-Onis]

You don't know that Twitter's stock would have tanked. This is a whole butterfly effect situation.

correct that is hindsight however due diligence would mean he would have gone into the company with a plan because he would know it better. If anything he would have reasons to lower his bid being familiar with the pitfalls of the company not known to the general public.

[Evil Midnight Bomber]

correct that is hindsight however due diligence would mean he would have gone into the company with a plan because he would know it better. If anything he would have reasons to lower his bid being familiar with the pitfalls of the company not known to the general public.

You're making more assumptions here.

The kind of person the neglects to do due diligence is not the type of person that goes in with a plan. Everything he's done at twitter supports this. He makes decisions one day and reverses them the next. He makes major decisions based on poll results... as long as he agrees with the results.

Also, as stated earlier, the reason that twitter accepted his offer was because he was offering a premium. If he lowered his offer, they'd be less inclined to accept it.

I'm inclined to believe that Musk never actually intended to buy Twitter in the first place and that's why he didn't do his due diligence. He thought he could just say "I changed my mind" and walk away. Which would reinforce my statement that he isn't the kind of person that looks before he leaps.

Now, I can't state that for a fact...I don't know the man and I'm not qualified to analyze his psyche... I'm just basing my opinion on his actions.

[Draco-Onis]

You're making more assumptions here.

The kind of person the neglects to do due diligence is not the type of person that goes in with a plan. Everything he's done at twitter supports this. He makes decisions one day and reverses them the next. He makes major decisions based on poll results... as long as he agrees with the results.

Also, as stated earlier, the reason that twitter accepted his offer was because he was offering a premium. If he lowered his offer, they'd be less inclined to accept it.

I'm inclined to believe that Musk never actually intended to buy Twitter in the first place and that's why he didn't do his due diligence. He thought he could just say "I changed my mind" and walk away. Which would reinforce my statement that he isn't the kind of person that looks before he leaps.

Now, I can't state that for a fact...I don't know the man and I'm not qualified to analyze his psyche... I'm just basing my opinion on his actions.

While I agree with you it kind of clashes with his previous actions it's very possible that Elon's lost control of his ego or there's a serious problem. I don't think he got to where he is by being the complete moron he is being now so this might just be a billionaire's version of a mid life crisis. As for Twitter I doubt they would decline the offer you have to remember that Twitter has been desperate for an out for quite some time now especially the founders. They looked really hard for an alternative buyer and no one was remotely interested.

[Nymrohd]

You don't know that Twitter's stock would have tanked. This is a whole butterfly effect situation.

Was the company not making losses year after year? You can only sustain valuation on wishful thinking for so long.

[NED funded]

Was the company not making losses year after year? You can only sustain valuation on wishful thinking for so long.

Twitter is a history of failure an incompetence.

Remember Vine or that streaming thing they had?

Its a microblogging platform and hasnt been able to branch out since

[AntiFascistVoter]

Looks like the Cyber Truck will only be street-legal in Libertarian enclaves.




Unsatisfied with murdering people using fake driving AI, Tesla has moved on to murdering people with materials science and mechanical engineering.

[BrokenRavens]

“ Oh yay, I get to make fun of the Twitter Files again while sitting here on the House Floor watching the GOP caucus implode. My take away: @elonmusk way overpaid for Twitter and he has the right to elevate Russian talking points, anti-vaxxers, and that pizza gate dude.”

-Ted Lieu

ROFL

https://twitter.com/tedlieu/status/1...carthy-so-hard

(Sorry for that long link, I don’t know how to link Twitter feeds. I am not a Twitter user.)