Calgarypuck Forums - The Unofficial Calgary Flames Fan Community
Old 11-17-2022, 02:03 PM   #1281
Rutuu
First Line Centre
 
Join Date: Jul 2002
Exp:
Default

Quote:
Originally Posted by Fighting Banana Slug View Post
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.
Rutuu is offline   Reply With Quote
Old 11-17-2022, 02:22 PM   #1282
Ozy_Flame

Posted the 6 millionth post!
 
Ozy_Flame's Avatar
 
Join Date: Feb 2002
Exp:
Default

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
Ozy_Flame is offline   Reply With Quote
Old 11-17-2022, 03:03 PM   #1283
Azure
Had an idea!
 
Azure's Avatar
 
Join Date: Oct 2005
Exp:
Default

Quote:
Originally Posted by afc wimbledon View Post
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.
Azure is offline   Reply With Quote
Old 11-17-2022, 03:23 PM   #1284
PsYcNeT
Franchise Player
 
PsYcNeT's Avatar
 
Join Date: May 2004
Location: Marseilles Of The Prairies
Exp:
Default

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

Quote:
Originally Posted by MrMastodonFarm View Post
Settle down there, Temple Grandin.
PsYcNeT is offline   Reply With Quote
Old 11-17-2022, 03:24 PM   #1285
afc wimbledon
Franchise Player
 
afc wimbledon's Avatar
 
Join Date: Jan 2010
Location: east van
Exp:
Default

Quote:
Originally Posted by Azure View Post
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
afc wimbledon is offline   Reply With Quote
Old 11-17-2022, 03:36 PM   #1286
Fuzz
Franchise Player
 
Fuzz's Avatar
 
Join Date: Mar 2015
Exp:
Default

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.
Fuzz is offline   Reply With Quote
Old 11-17-2022, 03:41 PM   #1287
CroFlames
Franchise Player
 
CroFlames's Avatar
 
Join Date: Feb 2015
Exp:
Default

The severance will now be slashed is my bet.
CroFlames is offline   Reply With Quote
Old 11-17-2022, 03:43 PM   #1288
afc wimbledon
Franchise Player
 
afc wimbledon's Avatar
 
Join Date: Jan 2010
Location: east van
Exp:
Default

Quote:
Originally Posted by Fuzz View Post
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 is offline   Reply With Quote
Old 11-17-2022, 03:44 PM   #1289
afc wimbledon
Franchise Player
 
afc wimbledon's Avatar
 
Join Date: Jan 2010
Location: east van
Exp:
Default

Quote:
Originally Posted by CroFlames View Post
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
afc wimbledon is offline   Reply With Quote
Old 11-17-2022, 03:47 PM   #1290
Locke
Franchise Player
 
Locke's Avatar
 
Join Date: Mar 2007
Location: Income Tax Central
Exp:
Default

Quote:
Originally Posted by afc wimbledon View Post
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.
__________________
The Beatings Shall Continue Until Morale Improves!

This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.

The Odds of the Flames winning the Cup this season are approximately 3,720-1
Locke is offline   Reply With Quote
The Following 2 Users Say Thank You to Locke For This Useful Post:
Old 11-17-2022, 03:58 PM   #1291
PeteMoss
Franchise Player
 
PeteMoss's Avatar
 
Join Date: Jun 2004
Location: SW Ontario
Exp:
Default

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.
PeteMoss is offline   Reply With Quote
Old 11-17-2022, 04:05 PM   #1292
JohnnyB
Franchise Player
 
JohnnyB's Avatar
 
Join Date: Mar 2006
Location: Shanghai
Exp:
Default

Quote:
Originally Posted by PeteMoss View Post
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?
__________________

"If stupidity got us into this mess, then why can't it get us out?"
JohnnyB is offline   Reply With Quote
The Following 2 Users Say Thank You to JohnnyB For This Useful Post:
Old 11-17-2022, 04:06 PM   #1293
Locke
Franchise Player
 
Locke's Avatar
 
Join Date: Mar 2007
Location: Income Tax Central
Exp:
Default

Quote:
Originally Posted by JohnnyB View Post
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.
__________________
The Beatings Shall Continue Until Morale Improves!

This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.

The Odds of the Flames winning the Cup this season are approximately 3,720-1
Locke is offline   Reply With Quote
Old 11-17-2022, 04:08 PM   #1294
afc wimbledon
Franchise Player
 
afc wimbledon's Avatar
 
Join Date: Jan 2010
Location: east van
Exp:
Default

Quote:
Originally Posted by Locke View Post
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
afc wimbledon is offline   Reply With Quote
The Following User Says Thank You to afc wimbledon For This Useful Post:
Old 11-17-2022, 04:16 PM   #1295
Locke
Franchise Player
 
Locke's Avatar
 
Join Date: Mar 2007
Location: Income Tax Central
Exp:
Default

Quote:
Originally Posted by afc wimbledon View Post
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.
__________________
The Beatings Shall Continue Until Morale Improves!

This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.

The Odds of the Flames winning the Cup this season are approximately 3,720-1
Locke is offline   Reply With Quote
The Following User Says Thank You to Locke For This Useful Post:
Old 11-17-2022, 04:24 PM   #1296
Wormius
Franchise Player
 
Wormius's Avatar
 
Join Date: Feb 2011
Location: Somewhere down the crazy river.
Exp:
Default

Except if he makes it suck and drives everyone away, it defeats the purpose of being his personal pulpit.
Wormius is offline   Reply With Quote
Old 11-17-2022, 04:24 PM   #1297
GGG
Franchise Player
 
GGG's Avatar
 
Join Date: Aug 2008
Exp:
Default

There is a long history of the rich buying / creating Newspapers to Control narrative. This really isnít different.
GGG is offline   Reply With Quote
The Following User Says Thank You to GGG For This Useful Post:
Old 11-17-2022, 04:34 PM   #1298
Locke
Franchise Player
 
Locke's Avatar
 
Join Date: Mar 2007
Location: Income Tax Central
Exp:
Default

Quote:
Originally Posted by Wormius View Post
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.
__________________
The Beatings Shall Continue Until Morale Improves!

This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.

The Odds of the Flames winning the Cup this season are approximately 3,720-1
Locke is offline   Reply With Quote
Old 11-17-2022, 04:37 PM   #1299
afc wimbledon
Franchise Player
 
afc wimbledon's Avatar
 
Join Date: Jan 2010
Location: east van
Exp:
Default

Quote:
Originally Posted by Locke View Post
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
afc wimbledon is offline   Reply With Quote
Old 11-17-2022, 04:41 PM   #1300
Locke
Franchise Player
 
Locke's Avatar
 
Join Date: Mar 2007
Location: Income Tax Central
Exp:
Default

Quote:
Originally Posted by afc wimbledon View Post
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.
__________________
The Beatings Shall Continue Until Morale Improves!

This Post Has Been Distilled for the Eradication of Seemingly Incurable Sadness.

The Odds of the Flames winning the Cup this season are approximately 3,720-1
Locke is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -6. The time now is 04:59 AM.

Calgary Flames
2023-24




Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2023, Jelsoft Enterprises Ltd.
Copyright Calgarypuck 2021