Elon Buys Twitter

Discussion in 'The Mainboard' started by Whammy, Apr 14, 2022.

  1. Mix

    Mix I own a Fuddruckers with Scottie Pippen
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    So his backers think they will make more money by driving right wing governments to power all over than by having a viable business plan for twitter.

    Dark.
     
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  2. rulethirty

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    tldr elon is now a russian oligarch
     
  3. chuckmasterflex

    chuckmasterflex Attack and dethrone God
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  4. bro

    bro Hey Hermano
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    astounding.

    twitter lawyers should be smug as hell after all this
     
  5. Redav

    Redav One big ocean
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    What a brilliant business man
     
  6. rulethirty

    rulethirty UCF and Alabama are basically peers.
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    well now I really want to see the rest of his text messages.
     
  7. Fran Tarkenton

    Fran Tarkenton 6ft in Boots
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    is it still a cash offer?
     
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  8. chuckmasterflex

    chuckmasterflex Attack and dethrone God
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  9. Doc Louis

    Doc Louis Well-Known Member
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    So US gov't can seize his assets now and sanction him? Awesome
     
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  10. Whammy

    Whammy Donde es
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    That was the early headline but pretty sure it was cash and stock a day or two into the announcements
     
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  11. CaneKnight

    CaneKnight FSU Private Board's Fav Poster
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    Twitter being bought by a POS right winger like Musk is going to be insanely bad for the long term health of this country and the planet as a whole
     
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  12. Bert Handsome

    Bert Handsome I'm sorry, the card says Moops
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    It isn't Tesla buying Twitter so I think it has to be a cash offer (Twitter shareholders aren't getting Tesla stock). The only way that Tesla stock is involved IIRC is collateral with banks on credit lines to buy Twitter. But I'm no banker.

    It's not like buying a house where cash means the lack of borrowing/leverage, it refers to what the acquired companies shareholders receive.
     
  13. CaneKnight

    CaneKnight FSU Private Board's Fav Poster
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    I'm pretty sure he sold shares of Tesla in order to help in this stock deal... Real reason he did was to get some of his money out of Tesla as even a dumb shit like him is smart enough to know it's a house of cards

    https://www.nytimes.com/2022/08/10/...n Tesla shares to,of the social media company.
     
  14. BP

    BP Bout to Regulate.
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    Yup the only way he was able to sell that many Tesla shares was for a purchase of something.
     
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  15. Whammy

    Whammy Donde es
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    I think you’re right, technically is all cash Fran Tarkenton

    Him selling Tesla stock to fund was what I thought I remembered
     
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  16. Bert Handsome

    Bert Handsome I'm sorry, the card says Moops
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    That and part of the widespread insider dumping of tech shares that started last year.

    I think there is a non zero chance that Elon did this as a way to dump TSLA without signaling to the world that the stock is overvalued. Probably figured he could get out of the deal and move on.
     
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  17. IV

    IV Freedom is the right of all sentient beings
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    I found their arguments against this interpretation compelling but they’re Brits so do what you will.



     
  18. CaneKnight

    CaneKnight FSU Private Board's Fav Poster
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    If Elon is speaking at this point, you should assume he's fucking lying. That's literally all he's done his entire existence
     
  19. Fran Tarkenton

    Fran Tarkenton 6ft in Boots
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    and that technicality (which was an elementary point) is not what you and your fellow elon fanboys were claiming

    just admit you thought he had $40bn liquid rather than converting other assets to finance the acquisition
     
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  20. Redav

    Redav One big ocean
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    Now he gets to revolutionize Twitter
     
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  21. Whammy

    Whammy Donde es
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    Huh?

    Fran don’t debase yourself, wasn’t a gotcha and no actually the opposite, I thought it had come out later that it was a combination of cash and stock.

    But as others have pointed out here, some actual cash from a stock sale and then equity partners + leverage against stock seems to be the final answer. I don’t think 44bn in just liquid cash was ever on the table unless I missed an article somewhere
     
  22. a.tramp

    a.tramp Insubordinate and churlish
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    “Twitter will operate, ever so briefly, as a boat if needed.”
     
  23. lfriend

    lfriend Well-Known Member
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    Completing a 44 billion dollar sale quickly enough to impact the Midterms is awfully unlikely. Early voting has already started in some areas.

    The long con has always been 2024 for them.
     
  24. NilesIrish

    NilesIrish Not a master fisher but I know bait when I see it
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  25. IrishLAX2

    IrishLAX2 Tommy Rees to anywhere else, please
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    So he wants to replicate WeChat, basically?
     
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  26. VaxRule

    VaxRule Mmm ... Coconuts
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    Yelp, but for people!
     
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  27. Upton^2

    Upton^2 blocked just a park away, but I can't really say
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    An app, but for everything!
     
  28. Can I Spliff it

    Can I Spliff it Is Butterbean okay?
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    Elon's got a great track record so its probably not a huge point of failure for most peoples's lives
     
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  29. WC

    WC Bad Company, ‘til the day I die.
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  30. chuckmasterflex

    chuckmasterflex Attack and dethrone God
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  31. BP

    BP Bout to Regulate.
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  32. CTownND

    CTownND Well-Known Member
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    Tesla's stock price, and thus Musk's ability to put up equity/collateral, is just one thing

    Pretty much every major investment bank is hung with crazy amounts of debt from mega deals that are going sideways and the financing markets in massive LBOs have gotten so wacky, that I don't know where the hell he's going to get +$25 billion of debt to buy something like Twitter

    Haven't followed every twist and turn of this, but this seems like him leaking something loony after getting dunked on yesterday
     
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  33. Handcuffed

    Handcuffed TMB OG
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    is there a technical reason why a twitter competitor can't emerge?

    i understand that google's algorithm is far ahead of the competition so google as a search engine is unlikely to be replaced. and i can understand how a facebook competitor would struggle, as reconnecting with your friends would be obnoxious and people have been posting photos there for 15 years.

    but twitter is just people writing small blurbs and following someone (similar to facebook's friends) is a one-step/one-person process. it would be sort of obnoxious to re-follow a bunch of new accounts but that doesn't seem that burdensome. do people care about older tweets? they're not easy to look through and search for like older facebook posts/photos.
     
  34. PAHokie

    PAHokie Can't a bitch living say I bought her Michael Kors
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    Same argument for you have for Facebook. Twitter is 10+ years old. People are ingrained to it.
     
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  35. IrishLAX2

    IrishLAX2 Tommy Rees to anywhere else, please
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    Twitter is a glorious disaster.

    I hope it never changes.
     
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  36. rulethirty

    rulethirty UCF and Alabama are basically peers.
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    network effects on top of network effects

    https://en.m.wikipedia.org/wiki/Network_effect
     
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  37. Where Eagles Dare

    Where Eagles Dare The Specialist Show On Earth
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    Have you tried Truth Social or GAB?
     
  38. DollarBillHokie

    DollarBillHokie Usher is the worst
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    It’s going to get ridiculously interesting. The financing is committed with an interest cap that is woefully shy of where this would print today. He’s going to need to put up more equity for the banks to not get completed fucked.

    I think he brings in a ridiculous equity partner that Biden can’t live with and forces the DoJ to block the deal and wiggles out of this.
     
  39. IrishLAX2

    IrishLAX2 Tommy Rees to anywhere else, please
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    Or he gets a major discount on it, which I think was part of his play all along.

    I think he’s only been semi-interested in actually buying it, but only at absolutely the right price. I’m sure he’ll try to use whatever he can (Iike the bot argument) to try to weasel his way into a re-negotiation.
     
  40. wes tegg

    wes tegg I'm a Guy's guy, guys.
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    Wuphf
     
  41. wes tegg

    wes tegg I'm a Guy's guy, guys.
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  42. NineteenNine

    NineteenNine Divers are, in fact, wankers. It's science.
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    this timeline is stupid.
     
  43. Redav

    Redav One big ocean
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    Getting virtually everyone important on earth to use it might be a stumbling block
     
  44. ashy larry

    ashy larry from ashy to classy
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  45. rulethirty

    rulethirty UCF and Alabama are basically peers.
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    It'd take like, the entire Associated Press to purposely abandon the platform and go somewhere else.

    Even that wouldn't 'end' twitter, but it might get enough reason for people to bother checking something else. Same with any other category -- every professional sports player, or etc.
     
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  46. electronic

    electronic It’s satire!
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    Can’t wait for Elon’s version of Meta. Hope it sinks him too.
     
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  47. rulethirty

    rulethirty UCF and Alabama are basically peers.
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    hey turns out all that happened was he had to disclose his embarrassing texts

    [​IMG]
     
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  48. Redav

    Redav One big ocean
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    Guy is such a fucking clown and we have a good portion of the population that thinks he's a genius
     
  49. rulethirty

    rulethirty UCF and Alabama are basically peers.
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    i've known many genius clowns