Merged Musk buys Twitter!/ Elon Musk puts Twitter deal on hold....

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And I just looked it up. Zuckerberg is married, has two children, and a third due next year. He may be secretly a robot, but he's not an incel.
 
Ziggurat said:
Twitter right now wields power and influence, and it's being run by idiots. Are you not paying attention?
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What? The idiots that look like they may force the World's most intelligent man* to buy their company at a mark up of about 30% even though he doesn't want to buy it at all?

*sarcasm
 
jeremyp said:
What? The idiots that look like they may force the World's most intelligent man* to buy their company at a mark up of about 30% even though he doesn't want to buy it at all?

*sarcasm
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I must agree, Twitter is where people with power and influence speak their minds.
What is there to despise?
The fact planet is going to hell in a hand basket is not Twitter's fault.
Zigg seems to be deploring everything which is quite reasonable but Twitter is just the messenger.and realistically the most reliable.
 
Samson said:
I must agree, Twitter is where people with power and influence speak their minds.
What is there to despise?
The fact planet is going to hell in a hand basket is not Twitter's fault.
Zigg seems to be deploring everything which is quite reasonable but Twitter is just the messenger.and realistically the most reliable.
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To be clear, I do despise Twitter, or at least the excessive influence it has in the media I read. People talk **** a lot of the time but there used to be a filter so that the only **** you generally heard was you and your mates talking down the pub. Twitter has found a way to avoid the filter like a pipe that bypasses the sewage farm.

For me, the best outcome from this whole affair is if Elon Musk is forced to give up his interests in Tesla and SpaceX to avoid bankruptcy or prison and he destroys Twitter also, with his unique management style but all the employees find wonderful jobs elsewhere (I don't want to wish ill on people just because they work for Twitter).
 
angrysoba said:
Actually, I think he would find it a pretty difficult job setting out what he wants from the platform.

The thing that people complain about are usually in opposition.
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If it's private, then it doesn't really matter what people complain about. Setting out what he wants will be the easy part, though, the hard part is getting it.

People complain it is either too censorious, or not enough.
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True. But as things stand now, it's both at the same time. It censors stuff it shouldn't censor, and lets through stuff it should block, because it's badly managed and selectively enforced. The fundamental problem isn't actually the terms and conditions (though those T&C's are hardly anything to brag about).
 
Samson said:
Zigg seems to be deploring everything which is quite reasonable but Twitter is just the messenger.and realistically the most reliable.
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No, Twitter isn't just the messenger. It acts as an editor as well. And that's where the real problem with it comes from, because it does this job very badly. And badly done editing is worse than no editing.
 
Ziggurat said:
No, Twitter isn't just the messenger. It acts as an editor as well. And that's where the real problem with it comes from, because it does this job very badly. And badly done editing is worse than no editing.
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If it's private, then it doesn't really matter what people complain about.
 
I wonder if this is actually happening or not.

Was Musk just buying more time, or does he really intend to complete this deal?

BTW, I don't particularly care either way. I've never had a Twitter account and don't intend to sign up anytime soon.

I will venture that it seems like a bad thing for Space X and Tesla. It means Musk will have one more company to run, and will have less time to run the other two. (Actually, Musk also has two other companies besides Space X and Tesla: The Boring Company and Neuralink).

According to this article, "Tesla is one of six US companies that have reached a $1 trillion market cap — more than its nine largest competitors combined."

I assume that means more than the nine largest automobile makers (after Tesla) in the world. Largest automakers by market capitalization.

This strikes me as a wildly optimistic valuation.
 
Puppycow said:
This strikes me as a wildly optimistic valuation.
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I share your assessment. But (presumably) with his massive cash reserves as well, I don’t envy the short-sellers going to battle with Elon. The dominos will eventually fall, but it will take some doing to knock over the first one.
 
grunion said:
I share your assessment. But (presumably) with his massive cash reserves as well, I don’t envy the short-sellers going to battle with Elon. The dominos will eventually fall, but it will take some doing to knock over the first one.
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Yeah, short-selling is always a gamble. A short-seller could have a completely accurate and justifiable assessment that a company is overvalued but still lose money because as someone famously said, "the market can remain irrational longer than you can stay solvent." Take bitcoin, for example. It has no inherent value, but its market value will always be whatever someone else is willing to pay for it. It's similar with works of art, where the value is entirely subjective. If someone is willing to pay $140 million for a Jackson Pollack, which is basically a bunch of paint randomly spattered over a canvas, then voila! it is worth $140 million.

Lately, a bunch of people have been pumping up the share prices of arbitrary "meme stocks" like GameStop to punish short-sellers. The share price was $1.00 in July of 2020, and went as high as $80 in 2021. It's still over $24/share right now, a 24-fold increase. Short-sellers need to remember that the market doesn't have to be rational. Just because something appears to be overvalued is no guarantee that its price will go down anytime soon.
 
Breaking:

Elon Musk completes takeover of Twitter, CEO and CFO reportedly fired and escorted from building

Elon Musk's $US44 billion ($68 billion) acquisition of Twitter has been formally completed, according to media reports.

Reuters reported that Twitter CEO Parag Agrawal, chief financial officer Ned Segal and legal affairs chief Vijaya Gadde were among the company's executives terminated upon the deal's close, citing unnamed sources.

Mr Agrawal and Mr Segal were in Twitter's headquarters when the acquisition closed and they were escorted out, according to Reuters...
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I suspect the framework of Twitter won't make Musk any more likely to stop fake accounts than the previous mob.
 
arthwollipot said:
And I just looked it up. Zuckerberg is married, has two children, and a third due next year. He may be secretly a robot, but he's not an incel.
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I doubt any billionaire is an incel.

Sent from my SM-G991U using Tapatalk
 
Ziggurat said:
If it's private, then it doesn't really matter what people complain about. Setting out what he wants will be the easy part, though, the hard part is getting it.



True. But as things stand now, it's both at the same time. It censors stuff it shouldn't censor, and lets through stuff it should block, because it's badly managed and selectively enforced. The fundamental problem isn't actually the terms and conditions (though those T&C's are hardly anything to brag about).
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Well, at least we now get to find out what Musk will make of Twitter.
 
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