The ongoing X and Elon Musk Transgressions Thread

[Rutuu]

Originally Posted by Fighting Banana Slug

I have no idea what you are saying. The big investment firms (and all other former shareholders) are the ones laughing here. Elon payed $44B on something worth, maybe, $20B in the current market.

Morgan Stanley broke one of their unwritten rules and contributed capital, backing a wealthy client. They never do that... building on your statement.

The company is private now, where it probably should be given the changes it's going to go through. Look at the bath FB is taking having to publically disclose while going all in on W3.

[Ozy_Flame]

Surprise, surprise. I'm sure we all have shocked face. I'll take "boss doesn't understand the industry he's competing in" for $100, Alex.

Fun thread.

https://twitter.com/user/status/1593335536697090048

[Azure]

Originally Posted by afc wimbledon

sorry, they were trending into profit in 2018 and 2019, Covid nailed them back to a loss of 1000 in 20, that was reduced to a loss of 200 in '21, it is reasonable to assume they would be back in black in a year or so, the development and start up costs have been covered, it should as a company be a modest earner

COVID nailed them? Every other tech company was raking in the profits during COVID.

Fact is that Twitter has under performed for years. There is a reason they got new management just previous to Musk buying the company.

[PsYcNeT]

*just previous to Musk being forced buy the courts to buy a company at an overvalued price

[afc wimbledon]

Originally Posted by Azure

COVID nailed them? Every other tech company was raking in the profits during COVID.

Fact is that Twitter has under performed for years. There is a reason they got new management just previous to Musk buying the company.

Maybe so but that makes paying 44 billion for a crap company that doesnt make much money, has a declining user base that is utterly shunned by the under 30's and a basic operating model that isnt particularly good for anything but getting the occasional news flash even stupider

No one is paying for Twitter, it isnt that important or useful, if he leaves it alone it will make a billion or so a year doing what it does, which would be fine if he'd paid 5 billion or so but your boys an idiot and paid 44 billion for a pig in a poke

[Fuzz]

https://twitter.com/user/status/1593336525898530821

Everyone jumping in the life boat Musk provided. I guess we'll see just how lean Twitter can run.

[CroFlames]

The severance will now be slashed is my bet.

[afc wimbledon]

Originally Posted by Fuzz

https://twitter.com/user/status/1593336525898530821

Everyone jumping in the life boat Musk provided. I guess we'll see just how lean Twitter can run.

I'm actually thinking he may want it to collapse at this point, there is no way it ever makes enough to cover the 44 billion he borrowed so maybe chapter 11 is his way out of it?

[afc wimbledon]

Originally Posted by CroFlames

The severance will now be slashed is my bet.

the lawsuits would cost more than the severance and would probably win, the email would be considered a contract offer

[Locke]

Originally Posted by afc wimbledon

I'm actually thinking he may want it to collapse at this point, there is no way it ever makes enough to cover the 44 billion he borrowed so maybe chapter 11 is his way out of it?

Honestly?

I gave up attempting to attach a rational explanation to his wildly irrational actions like this a long, long time ago.

The guy is playing Solitaire with a deck of 51.

Trying to figure out his motivations and what he's thinking accomplished. He's not playing 4D Chess, he's playing checkers with Cheetos.

[PeteMoss]

Just wait until Bingo puts up the pop-up message on here that says you are only allowed to post if you agree to be hardcore. No more of this soft posting in only game threads. Get deep into the politics and covid threads or get lost.

[JohnnyB]

Originally Posted by PeteMoss

Just wait until Bingo puts up the pop-up message on here that says you are only allowed to post if you agree to be hardcore. No more of this soft posting in only game threads. Get deep into the politics and covid threads or get lost.

Would he ask us each to pay $8/month to keep our 'Franchise Player' labels?

[Locke]

Originally Posted by JohnnyB

Would he ask us each to pay $8/month to keep our 'Franchise Player' labels?

Well we did use to have sponsored sub-forums.

But someone got rid of my custom user title.

[afc wimbledon]

Originally Posted by Locke

Honestly?

I gave up attempting to attach a rational explanation to his wildly irrational actions like this a long, long time ago.

The guy is playing Solitaire with a deck of 51.

Trying to figure out his motivations and what he's thinking accomplished. He's not playing 4D Chess, he's playing checkers with Cheetos.

Nothing about the purchase price makes any sense, twitter has never made much money nor does it have any obvious way of changing into something that might be more profitable than it is now, on top of that all social media platforms appear to have a built in life span, Twitter and Facebook are pretty much shunned by kids because us parents use them, kids use instagram and tick tock, thus far only YouTube seems immune to this cycle.

The fact he tried to get out of the purchase and is freaking out about the losses would seem to indicate he doesnt have some long-term plan to turn the platform into something else that could make the 5 to 10 billion a year it needs to make to pay off the loan, if it was a restaurant you'd insure the bolloxs out of it and then arrange a kitchen fire, assuming Musk isnt just a complete idiot and there is some method to him destroying the platform utterly within a month then all I can assume is he figured it will cost him less to declare bankruptcy than it would have to walk away from the deal before he bought it

[Locke]

Originally Posted by afc wimbledon

Nothing about the purchase price makes any sense, twitter has never made much money nor does it have any obvious way of changing into something that might be more profitable than it is now, on top of that all social media platforms appear to have a built in life span, Twitter and Facebook are pretty much shunned by kids because us parents use them, kids use instagram and tick tock, thus far only YouTube seems immune to this cycle.

The fact he tried to get out of the purchase and is freaking out about the losses would seem to indicate he doesnt have some long-term plan to turn the platform into something else that could make the 5 to 10 billion a year it needs to make to pay off the loan, if it was a restaurant you'd insure the bolloxs out of it and then arrange a kitchen fire, assuming Musk isnt just a complete idiot and there is some method to him destroying the platform utterly within a month then all I can assume is he figured it will cost him less to declare bankruptcy than it would have to walk away from the deal before he bought it

I think you're looking at this from the wrong angle.

Now to be clear, I think Musk is nuts, but if I wanted to go 'off the board' and try and figure out WTF he's trying to do then this would be my guess:

Typically when people tell you that they want to Champion 'Free Speech' thats not at all what they mean, what they really mean is that they want everyone to listen as exclusively as possible to what that particular individual wants to say.

They want to control the narrative.

Musk is ####-off rich. I mean, to the point where $44B actually really doesnt mean a whole lot. At some point the numbers just blur.

Musk couldnt care less about Twitter or its profitability. What he cares about is that other people care about Twitter. He doesnt need to make money, he wants to control information.

He wants 'Free Speech' but only for the people he deems worthy of it. Ironic isnt it?

Twitter can be hemorrhaging red ink for all Musk cares, he can parlay those losses into his other profitable holdings, while at the same time controlling information and pushing companies, products and ideologies from which he benefits as an almost sole voice.

So thats my wacky Elon Musk conspiracy theory. I think its that or the man is just off his nut.

[Wormius]

Except if he makes it suck and drives everyone away, it defeats the purpose of being his personal pulpit.

[GGG]

There is a long history of the rich buying / creating Newspapers to Control narrative. This really isn’t different.

[Locke]

Originally Posted by Wormius

Except if he makes it suck and drives everyone away, it defeats the purpose of being his personal pulpit.

You're assuming he wants it to be his Pulpit.

He might just want those people to go away and effectively silence them.

Twitter is an absolute tire fire right now but I'm not seeing any real credible successors yet.

[afc wimbledon]

Originally Posted by Locke

I think you're looking at this from the wrong angle.

Now to be clear, I think Musk is nuts, but if I wanted to go 'off the board' and try and figure out WTF he's trying to do then this would be my guess:

Typically when people tell you that they want to Champion 'Free Speech' thats not at all what they mean, what they really mean is that they want everyone to listen as exclusively as possible to what that particular individual wants to say.

They want to control the narrative.

Musk is ####-off rich. I mean, to the point where $44B actually really doesnt mean a whole lot. At some point the numbers just blur.

Musk couldnt care less about Twitter or its profitability. What he cares about is that other people care about Twitter. He doesnt need to make money, he wants to control information.

He wants 'Free Speech' but only for the people he deems worthy of it. Ironic isnt it?

Twitter can be hemorrhaging red ink for all Musk cares, he can parlay those losses into his other profitable holdings, while at the same time controlling information and pushing companies, products and ideologies from which he benefits as an almost sole voice.

So thats my wacky Elon Musk conspiracy theory. I think its that or the man is just off his nut.

I would agree with you if he hadn't tried to back out of paying for it and he hadnt immediately freaked out about how much money it was losing and fired half the staff and his personal wealth wasnt mostly based on his ownership of a massively over valued company.

When rich guys buy hobbies like NFL teams or the like they dump money into them not generally complain about how crap they are

[Locke]

Originally Posted by afc wimbledon

I would agree with you if he hadn't tried to back out of paying for it and he hadnt immediately freaked out about how much money it was losing and fired half the staff and his personal wealth wasnt mostly based on his ownership of a massively over valued company.

When rich guys buy hobbies like NFL teams or the like they dump money into them not generally complain about how crap they are

Thats okay, you just have to go back to my original supposition where generally I believe that Musk isnt firing on all cylinders, so to speak.