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It would be the funniest poo poo in the world to be able to buy Trump red text.
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Nov 2, 2022 01:04
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poo poo, you'd be stupid not to invest in a company that had that as a feature. Play both sides of the aisle! [ Piss on the profile of @realDonaldTrump: 99˘ ] [ Clean piss off @realDonaldTrump's profile: 99˘ ]
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Nov 2, 2022 02:03
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Wayne Knight posted:poo poo, you'd be stupid not to invest in a company that had that as a feature. Piss tweet is real.
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Nov 2, 2022 02:25
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idiotsavant posted:Jack has zero obligation to the Saudis. And while yeah, a bunch of these guys are all billionaires a lot of it is made-up money - if you tried to sell your $40 billion of Tesla stock for $40 billion actual real dollars you're going to run into some issues. This was an opportunity to get full face value for his stock at an inflated price, it is absolutely the moment you cash out as fast as possible. saying that owning a company is made-up money is rather missing the point of capitalism - in theory, them owning all the capital means they'll keep making passive income off the labor of others, which is extremely real money - but yes it's difficult for people whose net worth is largely tied up in directly owning companies to actually liquidate it in the short term
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Nov 2, 2022 02:34
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idiotsavant posted:thinkin real hard about Target? eBay? whoever it was who accidentally cut their internet ad budget for a few months and saw almost no change in their metrics when they found out about it. Big CEO Musk slitting his own throat through shitposting, lol All the big corps are looking cost cut for the upcoming recession to kill inflation the fed seems determined to inflict on the 99% so don’t be surprised if a bunch of them cut Twitter loose and hide behind the ‘temporarily to see how it shakes out’ concerns about moderation and user base. It’s a great excuse to do what they’ve wanted to do for awhile anyway.
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Nov 2, 2022 03:22
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Reminder that Elon Musk's father impregnated his step-daughter, twice. evilweasel posted:No he declined the $54.20 and kept the equity in musk-owned twitter This is unbelievable. That's "Cash out and go retire to your mountain fortress on a private island" money. My imposter syndrome is melting away rapidly over this entire exchange.
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Nov 2, 2022 03:43
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Nelson Mandingo posted:Reminder that Elon Musk's father impregnated his step-daughter, twice. but you would lose your chance to stay on and make Twitter amazing. Think about that.
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Nov 2, 2022 03:51
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Nelson Mandingo posted:Reminder that Elon Musk's father impregnated his step-daughter, twice. Automata 10 Pack fucked around with this message at 04:58 on Nov 2, 2022 |
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Nov 2, 2022 04:25
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rscott posted:Has anyone suggested to Elon that he charge a one time fee for registration, and then charge users for options like changing their profile picture and the ability to message other users? Seems like a business model with some track record of success Years of ad revenue will entirely come from a resume-writing service, and uh, a WinAmp TV channel or something
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Nov 2, 2022 04:30
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Sodomy Hussein posted:Years of ad revenue will entirely come from a resume-writing service, and uh, a WinAmp TV channel or something If folks like Seraph84 and avshalom are any indication, there's an absolute bangzillion crazy as rear end motherfuckers out there who will repeatedly pour their own and several family members' entire paychecks into lovely websites purely for the dopamine hit of hitting that  button, even if they only get to do it once before they get banned again and reach for the nearest available credit card to start the cycle again.Musk is sitting on a whale goldmine and he's too loving stupid to realize it. Because he's an idiot.
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Nov 2, 2022 04:35
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nine-gear crow posted:If folks like Seraph84 and avshalom are any indication, there's an absolute bangzillion crazy as rear end motherfuckers out there who will repeatedly pour their own and several family members' entire paychecks into lovely websites purely for the dopamine hit of hitting that tbh we should be paying avshalom for the privilege of seeing their posts.
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Nov 2, 2022 04:39
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Professor Beetus posted:tbh we should be paying avshalom for the privilege of seeing their posts. I mean yes, but also she has a serious problem 
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Nov 2, 2022 04:41
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Automata 10 Pack posted:That must be one snug dryer. err, what?
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Nov 2, 2022 04:56
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Fritz the Horse posted:err, what? I too would like to know what the hell that means, and how long the probation should be for it.
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Nov 2, 2022 05:29
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For some reason "Help stepbrother I got stuck in the dryer" has recently joined "I'm here to lay some pipe" and "somebody order a pizza with extra sausage?" on the list of cliched porno premises
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Nov 2, 2022 05:32
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haveblue posted:For some reason "Help stepbrother I got stuck in the dryer" has recently joined "I'm here to lay some pipe" and "somebody order a pizza with extra sausage?" on the list of cliched porno premises My assumption was it was a joke about some implausible chain of events involving semen-stains and a clothes dryer, but apparently I'm just not hip with the latest porno trends. Thank you SA forums,  remains a wonderful investment 
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Nov 2, 2022 05:49
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Nelson Mandingo posted:Reminder that Elon Musk's father impregnated his step-daughter, twice. elon musk spent 44 billion dollars because he desires to dunk on his internet foes the man has the heart of a true poster Rappaport posted:My assumption was it was a joke about some implausible chain of events involving semen-stains and a clothes dryer, but apparently I'm just not hip with the latest porno trends. Thank you SA forums, ...same Goatse James Bond fucked around with this message at 06:10 on Nov 2, 2022 |
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Nov 2, 2022 06:04
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Leon Trotsky 2012 posted:Guys, it seems like Elon Musk might just be rich because his parents owned several diamond mines and he was friends with the guys who made Paypal and may not be an actual business genius. Hey, that's bullshit. He also had friends in the CIA who went to NASA and give him hundreds of millions of dollars in contracts to help setup his rocket and satellite business too.
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Nov 2, 2022 06:21
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GreyjoyBastard posted:elon musk spent 44 billion dollars because he desires to dunk on his internet foes True posters don't have to pay to dunk on people. Dropping billions of dollars to buy internet cred is the most corncob move possible.
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Nov 2, 2022 06:33
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GreyjoyBastard posted:elon musk spent 44 billion dollars because he desires to dunk on his internet foes Yeah it's one hell of a Not Mad posting meltdown
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Nov 2, 2022 08:18
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I laughed out loud reading the exchange between Musk and Stephen King. It's one thing to bargain, or even feel forced to bargain against your initial proposal. But to do it the way he did it felt so absolutely impotent. It was like he WANTED to argue from a place of weakness. "Okay look, I desperately gotta get the bills paid on this one, advertisements just aren't doing it .. would .. i know i said twenty but you think you could do eight? please man" And none of it is even remotely an appeal that works against King's genuine noninterest in the concept, he knows musk is turning the checkmark into a vanity turd that he wants at neither price point
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Nov 2, 2022 08:27
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Musk is a lot like Trump in the sense that the "real ones" don't accept them. Old Money never accepted Trump, which influences a lot of the poo poo that he pulls in an effort to suck up to them for whatever perceived legitimacy. Musk, who wants to be seen as some sort of Genius Nerd King, isn't accepted by actual famous nerds, and what he does is partially influenced by trying to suck up to them.
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Nov 2, 2022 08:31
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GreyjoyBastard posted:saying that owning a company is made-up money is rather missing the point of capitalism - in theory, them owning all the capital means they'll keep making passive income off the labor of others, which is extremely real money - but yes it's difficult for people whose net worth is largely tied up in directly owning companies to actually liquidate it in the short term Sure, it was more just that most of the time your worth as a billionaire on paper doesn't match your actual pure liquid worth. It's somewhat of a moot point because if youre a multi-billionaire on paper you aren't ever going to need to work for the rest of your life no matter what you do with it, but still, Jack could have realized all that stock into actual money
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Nov 2, 2022 08:57
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idiotsavant posted:Sure, it was more just that most of the time your worth as a billionaire on paper doesn't match your actual pure liquid worth. It's somewhat of a moot point because if youre a multi-billionaire on paper you aren't ever going to need to work for the rest of your life no matter what you do with it, but still, Jack could have realized all that stock into actual money i assume he already has enough money to do whatever he wants for the rest of his life and wants to keep some ownership of the company he founded
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Nov 2, 2022 12:41
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BIG-DICK-BUTT-gently caress posted:i assume he already has enough money to do whatever he wants for the rest of his life and wants to keep some ownership of the company he founded Probably no small amount of ego too. He probably figures that once Elon has hosed things up badly enough that the Un-Blue Checked masses will demand a return to Twitter Classic and he'll be able to get ownership back for a fraction of what he was paid along with a wave of goodwill.
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Nov 2, 2022 14:15
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the_steve posted:Probably no small amount of ego too. He probably figures that once Elon has hosed things up badly enough that the Un-Blue Checked masses will demand a return to Twitter Classic and he'll be able to get ownership back for a fraction of what he was paid along with a wave of goodwill. See also Tumblr.
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Nov 2, 2022 14:16
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BIG-DICK-BUTT-gently caress posted:i assume he already has enough money to do whatever he wants for the rest of his life and wants to keep some ownership of the company he founded It's a 2% private stake in the company Musk now owns. It would mostly just be a symbolic thing or a way to make money. It does not currently appear to be a very good way to make money. I'm sure Jack has enough money that losing this isn't a big deal, but it seems really silly to turn down $54.20 per share in exchange for rolling the dice with Elon.
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Nov 2, 2022 14:18
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Leon Trotsky 2012 posted:It's a 2% private stake in the company Musk now owns. It would mostly just be a symbolic thing or a way to make money. It does not currently appear to be a very good way to make money. Jack is currently the CEO of Block (formerly Square), so he's really not hurting for money, he probably didn't see selling his stock off as something he had to do. Edit: On further review he isn't the CEO of block, he took on a new title called "block head"? I don't get it. Either way, he's got his fingers in that company as well. Max fucked around with this message at 14:31 on Nov 2, 2022 |
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Nov 2, 2022 14:28
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Max posted:Jack is currently the CEO of Block (formerly Square), so he's really not hurting for money, he probably didn't see selling his stock off as something he had to do. When you're that rich there's not really a fail condition at all. Hell, even China's Jack Ma who people think was 'disappeared' actually was just downgraded to a mere life of leisure on his yachts.
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Nov 2, 2022 14:31
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davecrazy posted:What a loving moron. there are advantages to owning stock like being able to borrow against it, but not in this case because it's worth is going to drop heavily and banks are leery about the debt as it is. Even if he is playing the long game and trying to get twitter back under his private ownership for cheap it means losing a ton of "money" in the interim and also ending up with a toxic brand in the end.
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Nov 2, 2022 16:16
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I'm pretty sure Jack just wants to retain a level of influence and control in Twitter, without having to be in the hot seat himself and actually be responsible for anything. He's already a billionaire, with more money than he could reasonably spend anyway.
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Nov 2, 2022 18:21
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BIG-DICK-BUTT-gently caress posted:i assume he already has enough money to do whatever he wants for the rest of his life and wants to keep some ownership of the company he founded my googling suggested he has a net worth of $4.5 billion, which is more than enough to lose $1 billion and still have generational wealth, but it is not enough to have generational wealth for long if you are the sort of moron who looks at elon musk buying twitter at four times its worth and says "imma gonna sink $1b into that"
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Nov 2, 2022 18:43
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Once your net worth is in the billions, I feel like the very concept of money as a unit of value is basically out the window because basically anything you could desire is pretty much at your fingertips and you're effectively just running up the scoreboard for the hell of it. If Jack's net worth is $4.5 billion, he can very easily light a billion dollars on fire and it will have absolutely no direct effect on him in any meaningful way beyond his high score number being lower.
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Nov 2, 2022 20:05
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My understanding is that most of that wealth is tied up in Square, so I guess he'd better hope that works out.
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Nov 2, 2022 20:09
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Kanos posted:Once your net worth is in the billions, I feel like the very concept of money as a unit of value is basically out the window because basically anything you could desire is pretty much at your fingertips and you're effectively just running up the scoreboard for the hell of it. Yeah it's this. People always moan how people don't "really" have the money their net worth represents and yeah, that's technically true, Musk doesn't have a literal billion dollars in a mattress (well, he might actually, bad example). But the flip side is that banks will happily give you loans for absolutely absurd sums of money and debt for you is a kind of game tied up in liability assets and holding companies and if you just straight gently caress up to the tune of hundreds of millions of dollars the debt will in many ways effectively disappear; people can sue you, but the odds of you paying out the totality of that debt are slim. So you either wind up with more money than you started with or get irritated with a lawsuit you can pay somebody else to deal with. Being a billionaire isn't just about having billions of dollars; it's about having money no longer matter. You can summon business entities whenever you want which play by entirely different sets of rules than simple linear tablature. You can just ask people to give you money and they will, because they assume you'll either rake in billions more it just won't end up mattering.
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Nov 2, 2022 20:35
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Mendrian posted:Yeah it's this. This is borne out neatly by Musk's twitter deal, where he managed to convince banks to give him billions of dollars to close a deal that literally everyone, including Musk himself, knew was an incredibly stupid idea. It's also why Musk himself won't really care if the entire thing implodes. It will hurt his high score number a lot and might have consequences for his other companies, but the man is still going to be rich beyond the wildest dreams of avarice and live a pampered life of luxury until the day he dies.
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Nov 2, 2022 21:17
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Kanos posted:This is borne out neatly by Musk's twitter deal, where he managed to convince banks to give him billions of dollars to close a deal that literally everyone, including Musk himself, knew was an incredibly stupid idea. theoretically, the banks are fine for this being a stupid idea for certain magnitudes of stupid. they lent $13 billion on a senior secured basis - i.e., their collateral is the entire company. so, as long as the company is worth $13 billion plus an equity cusion - say, another $7 billion to round it out to a neat $20 billion, the loans were (theoretically) fine for them even if elon was a complete moron this buyout was a leveraged buy-out in theory - it was funded in part by debt put on the company - but it wasn't really much of one. take Toys R' Us, which was basically run into the ground by a leveraged buyout. there, the new owners put up 20% of the price, and borrowed 80% secured by the company. that's highly leveraged - there's only a 20% "equity cushion" - and, of course, the private equity funds relentlessly pillaged the company to get that 20% back. here, musk put up 70% in cash and only borrowed 30%. that should be an incredibly safe debt level, even if musk overpaid. but it's not: the company probably can't even make those interest payments (which also means, musk can't even afford to loot it - theoretically making it safer). the company already looks highly stressed and less than a week into owning twitter musk is being incredibly Not Mad and definitely Not Desperate For Money on twitter. the banks should have been incredibly safe, but it looks seriously likely their debt is already impaired - not just the change in interest rates making the existing interest rate less attractive, but the market seems dubious it's getting paid back. that means that basically the entire equity investment appears to have been lit on fire.
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Nov 2, 2022 21:59
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Musk moving rapidly to cut costs and raise more money from Twitter. Moving up the subscription plan release date and firing half of all Twitter staff after they already fired 25% earlier. Not sure how ending work from home is going to save costs, but  https://twitter.com/sarahfrier/status/1587967043604602880
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Nov 3, 2022 01:48
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Leon Trotsky 2012 posted:Musk moving rapidly to cut costs and raise more money from Twitter. Oh man, Twitter is going to be severely understaffed soon. Let alone getting rid of about half of the staff total, he's going to lose a lot by taking away a major QOL perk.
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Nov 3, 2022 01:51
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Killing Twitter may end up the only good thing he's ever done.
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Nov 3, 2022 01:52
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