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Elon is so obviously desperate for attention and validation. It's pathetic. https://twitter.com/MattBinder/status/1595124953631715329?s=20&t=WSBFset3klru8BGh93iviw
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Nov 23, 2022 00:29
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Dick Trauma posted:Elon is so obviously desperate for attention and validation. It's pathetic. Timeless Appeal fucked around with this message at 03:14 on Nov 23, 2022 |
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Nov 23, 2022 00:45
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haveblue posted:Twitter was not the collateral for the loans used to buy it in the first place, they don't let even Elon Musk do that. The collateral was some of his other assets, most likely Tesla stock. No, that's what a leveraged buyout is. The company you're buying is collateral for the loans.
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Nov 23, 2022 00:55
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Edmund Lava posted:He is (was?) the richest man on earth. Someone was going to bite. Not sure how they thought Twitter was going to pay 1 billion dollars in interest a year, but I’m no finance guy. Jeff Bezos has one of his minions pushing f5 on this thread every three seconds
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Nov 23, 2022 01:36
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https://twitter.com/golikehellmachi/status/1595203804827635712?s=46&t=3mUKCNuf5uJLKjMFmIbbXA One of the richest men on the planet using one of the largest communication platforms on the planet to have a screeching narcissistic meltdown is fine, right?
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Nov 23, 2022 01:42
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Timeless Appeal posted:Doesn't get that Leftwing lies on twitter are something akin to Europe has completely 100% free healthcare for all citizens or the Earth will be completely inhabitable by 2025. Whereas right wing lies are things vaccines are a Jewish conspiracy or a drag performer is trying to indoctrinate a trans army by reading Don't Let the Pigeon Drive the Bus. Thanks to the fact that Musk is obsessively replying to right-wing conspiracy theorists, we're getting a look at some of the kinds of things he apparently considers to be "left-wing lies": https://twitter.com/elonmusk/status/1595108378375618560
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Nov 23, 2022 01:48
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evilweasel posted:No, that's what a leveraged buyout is. The company you're buying is collateral for the loans. I tried to google around and figure out what he was using for collateral in this case, and he has a history of using tesla stock for that purpose, but no one seems to be quite sure what it was here. Sorry!
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Nov 23, 2022 02:00
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My prediction is that Musk will get completely consumed by Twitter to the detriment of Tesla and his other companies. Hate seems to be fueling him and he will keep posting into oblivion. The thing is, electric cars and space flight are nonpartisan, not personal. But social media and how to run it is very political, very personal. Musk will waste his time and get into dumb online arguments while the other car manufacturers will eat his lunch. Maybe he will realize that he's gone off the deep end in time to make an adjustment, but I doubt it. I think that buying Twitter will be the worst mistake of his life.
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Nov 23, 2022 02:02
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detriment? they literally run better when Musk isn't involved lol
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Nov 23, 2022 02:05
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small butter posted:My prediction is that Musk will get completely consumed by Twitter to the detriment of Tesla and his other companies. Hate seems to be fueling him and he will keep posting into oblivion. I think at this point, it's safe to assume we're looking at another Trump-style pathological narcissist. He doesn't back off, he just doubles down until they break or he does. None of what we're seeing here is remotely evident of a sound mind capable of rational threat assessment.
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Nov 23, 2022 02:24
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nine-gear crow posted:And that's the reason why he's been losing his loving mind, because Tesla's stock keeps dropping and with it, his ability to actually pay off the giant napkin IOU he bought Twitter with in the first place. Well, that's a reason he's losing his loving mind, other's being (but not limited to) his pathological insecurity coupled with a desperate need for cool kid validation, which he somehow thought owning Twitter would bring and is now perplexed and enraged to find out is not the case.
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Nov 23, 2022 02:55
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I'm not clicking that.  
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Nov 23, 2022 18:31
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small butter posted:My prediction is that Musk will get completely consumed by Twitter to the detriment of Tesla and his other companies. Hate seems to be fueling him and he will keep posting into oblivion. Tesla was already living on borrowed time as its market valuation went bananas while others caught up. The Musk Twitter drama just adds fuel to the gossip shitstorm.
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Nov 23, 2022 18:50
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Dril got quoted in the Washington Post https://twitter.com/oneunderscore__/status/1595454535258054661?s=46&t=lFB53UbEkY1qqi_0qFwcRg
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Nov 23, 2022 19:08
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Dick Trauma posted:Elon is so obviously desperate for attention and validation. It's pathetic. And then there's this garbage: https://twitter.com/atrupar/status/1595413143034920960 
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Nov 23, 2022 19:11
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haveblue posted:I tried to google around and figure out what he was using for collateral in this case, and he has a history of using tesla stock for that purpose, but no one seems to be quite sure what it was here. Sorry! He previously ALSO had a "margin loan" which was a loan against his Tesla stock. The stock dropped so much he would have been insta -liquidated when it closed so he dropped that part and just sold the Tesla stock directly. The remaining loans are secured by twitter (it doesn't seem that musk is directly liable for them).
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Nov 23, 2022 19:52
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nine-gear crow posted:And that's the reason why he's been losing his loving mind, because Tesla's stock keeps dropping and with it, his ability to actually pay off the giant napkin IOU he bought Twitter with in the first place. At this point the optimal solution for him is to find someone to take over right now, give them a completely free hand to run Twitter however they want, and announce he's going back to Tesla. Both stocks would probably recover some.
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Nov 23, 2022 20:04
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Alchenar posted:At this point the optimal solution for him is to find someone to take over right now, give them a completely free hand to run Twitter however they want, and announce he's going back to Tesla. Both stocks would probably recover some. Announcing he’s getting more involved in something is not what investors want to hear right now
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Nov 23, 2022 20:08
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Eh, there still seems to be quite a bit of "just because he's a genius in one field..." type apologism going around. People are extremely reluctant to believe that a billionaire could actually be dumb, because it calls all of society into question.
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Nov 23, 2022 20:10
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Sodomy Hussein posted:In normyworld that is what happens, but Elon exists under a different set of rules. isnt there a classic banking/fin joke of you owe the bank 10 000$s, the bank owns you. You owe the bank millions or billions, you own the bank? why wouldnt this apply to Musk and his amazing dumpster fire?
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Nov 23, 2022 20:17
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evilweasel posted:No, that's what a leveraged buyout is. The company you're buying is collateral for the loans. I was going to say it wasn’t a pure LBO as I recall there being Tesla stock involved but it looks as though the $13bn in loans really do have recourse only against Twitter and its assets, regarding which, someone’s not getting their bonus this year at, hmm Al Jazeera posted:
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Nov 24, 2022 01:47
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PhazonLink posted:isnt there a classic banking/fin joke of you owe the bank 10 000$s, the bank owns you. You owe the bank millions or billions, you own the bank? The one I've heard is. You owe the bank 10,000 dollars you are in trouble. You owe the bank 10 million they are in trouble
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Nov 24, 2022 03:04
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Aeolusdallas posted:The one I've heard is. You owe the bank 10,000 dollars you are in trouble. You owe the bank 10 million they are in trouble Thing is in the latter scenario, that doesn't mean you're not also in trouble.
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Nov 24, 2022 03:55
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The translate tweet function suddenly disappeared from my account (only one account, still works on other accounts on the same PC, and still works on the mobile app for that account) but Twitter Support appears to have been mostly fired so lol.
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Nov 24, 2022 04:19
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PhazonLink posted:isnt there a classic banking/fin joke of you owe the bank 10 000$s, the bank owns you. You owe the bank millions or billions, you own the bank? banks have heard this one too, which is why they limit their exposure to any one creditor (until they gently caress up and don't) the $13b is split enough ways this isn't great but not bank-ending, especially since they have collateral evilweasel fucked around with this message at 04:36 on Nov 24, 2022 |
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Nov 24, 2022 04:25
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Tuxedo Gin posted:The translate tweet function suddenly disappeared from my account (only one account, still works on other accounts on the same PC, and still works on the mobile app for that account) but Twitter Support appears to have been mostly fired so lol. Another cut. No way to tell where we are between zero and a thousand
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Nov 24, 2022 04:40
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Beefeater1980 posted:I was going to say it wasn’t a pure LBO as I recall there being Tesla stock involved but it looks as though the $13bn in loans really do have recourse only against Twitter and its assets, regarding which, someone’s not getting their bonus this year at, hmm Tesla, SpaceX, NeuraLink, Solar City, and The Boring Company better not need any loans in the near future...
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Nov 24, 2022 05:28
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He's opening the floodgates for the creeps while clinging to the cover of heeding the voice of the people. https://twitter.com/elonmusk/status/1595869526469533701?s=20&t=FewvaEN6L93kzkfcJZrDMw
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Nov 24, 2022 21:34
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EDIT: Posted in the wrong thread.
Vincent Van Goatse fucked around with this message at 21:45 on Nov 24, 2022 |
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Nov 24, 2022 21:35
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Dick Trauma posted:He's opening the floodgates for the creeps while clinging to the cover of heeding the voice of the people. Also that "Vox Pouli, Vox Dei" quote is actually cropped from "Nec audiendi qui solent dicere, Vox populi, vox Dei, quum tumultuositas vulgi semper insaniae proxima sit" or "And those people should not be listened to who keep saying the voice of the people is the voice of God, since the riotousness of the crowd is always very close to madness." Elonk is a loving moron.
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Nov 24, 2022 21:48
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I'm sure any leftists who have been mysteriously getting the banhammer in the last few weeks will definitely be extended this amnesty.
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Nov 24, 2022 23:35
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Is Italian Elon Musk still there?
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Nov 24, 2022 23:36
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Cabbit posted:I'm sure any leftists who have been mysteriously getting the banhammer in the last few weeks will definitely be extended this amnesty. Chad Loder's been perma'd three times in the last 24 hours, this last time while he was in the middle outlining a massive data breach that was still possibly underway at Twitter.  Oh well, at least we get Milo and the floor shitter back next week, right?
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Nov 24, 2022 23:51
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nine-gear crow posted:Chad Loder's been perma'd three times in the last 24 hours, this last time while he was in the middle outlining a massive data breach that was still possibly underway at Twitter. I would like to know more.
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Nov 24, 2022 23:52
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Absurd Alhazred posted:I would like to know more. yeah, that's the kind of stuff I was hoping to see in this thread
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Nov 25, 2022 00:00
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Absurd Alhazred posted:I would like to know more. Soonmot posted:yeah, that's the kind of stuff I was hoping to see in this thread https://twitter.com/stevanzetti/status/1595913320346918915
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Nov 25, 2022 00:04
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Basically at this point, Elon Musk is 100% following Donald Trump's playbook of trusting whatever the last person who talked to him at any given moment has said as gospel truth and then acting on it, no matter how bonkers it was, only in this case the "last person in the room" with Musk isn't some duplicitous, self-serving functionary remora, it's literally whoever the gently caress @'d him last. His brain is an empty cup with no thoughts but whatever the last person he's interacted with has pissed into it.
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Nov 25, 2022 00:11
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Remember when he was highly concerned about fake accounts lol.
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Nov 25, 2022 00:48
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https://twitter.com/GergelyOrosz/status/1595684664228052992 So he apparently fired a bunch of devs based on his 'code review', the day before Thanksgiving, and gave them 4 weeks severance. If they had chosen to leave instead of clicking 'yes' to Twitter Hardcore, they would have gotten 3 months severance.
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Nov 25, 2022 01:10
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Tuxedo Gin posted:https://twitter.com/GergelyOrosz/status/1595684664228052992 Punishing people for sticking with you - now that's leadership!
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Nov 25, 2022 01:12
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