[MUSK] All core systems are now on X.com (UPDATE BOOKMARKS)

The Something Awful Forums > Discussion > C-SPAM > [MUSK] All core systems are now on X.com (UPDATE BOOKMARKS)

(Thread IKs: 16-bit Butt-Head)

Chef Boyardeez Nuts: Sep 9, 2011; The more you kick against the pricks, the more you suffer.

I appreciate that Microsoft is stepping up to fill the rage niche of conservatives who are rarely asked to press one for English anymore.

# ? Dec 15, 2023 15:55

Adbot: ADBOT LOVES YOU

# ? May 23, 2024 08:24

BAGS FLY AT NOON: Apr 6, 2011; A Soft Nylon Bag

ket n musk

# ? Dec 15, 2023 15:59

Dr. VooDoo: May 4, 2006

Elon Musk furiously posting at 2 AM that Clippy is turning kids Trans

# ? Dec 15, 2023 16:12

Pepe Silvia Browne: Jan 1, 2007

Dr. VooDoo posted:

Elon Musk furiously posting at 2 AM that Clippy is turning kids Trans

what's getting "clipped", what does that mean to you? that's right, genital surgery

# ? Dec 15, 2023 16:13

Elias_Maluco: Aug 23, 2007; I need to sleep

Ive weighted my kids in elephants and they turned gay

# ? Dec 15, 2023 16:13

BAGS FLY AT NOON: Apr 6, 2011; A Soft Nylon Bag

chbertruk can tow near infinite elephants

# ? Dec 15, 2023 16:14

16-bit Butt-Head: Dec 25, 2014; “I think the problem is you’re just uneducated.”

Dr. VooDoo posted:

Elon Musk furiously posting at 2 AM that Clippy is turning kids Trans

he is

# ? Dec 15, 2023 16:17

George H.W. Cunt: Oct 6, 2010

Mad at Clippy that he had to turn on lol. Community Notes strikes again!

# ? Dec 15, 2023 16:18

Elias_Maluco: Aug 23, 2007; I need to sleep

1 elephant is equivalent to 20 boers

# ? Dec 15, 2023 16:23

Last Chance: Dec 31, 2004

George H.W. oval office posted:

Mad at Clippy that he had to turn on lol. Community Notes strikes again!

I think all of Microsoft�s office stuff now tries to change your wording automatically to something boring and robotic and musk is right that it�s annoying

# ? Dec 15, 2023 16:25

super sweet best pal: Nov 18, 2009

Any software feature you don't use is bloat, even if it's only a few bytes in size.

# ? Dec 15, 2023 16:42

Jack the Lad: Jan 20, 2009; Feed the Pubs

All user input is error so it was Elon's own fault.

# ? Dec 15, 2023 16:44

Wraith of J.O.I.: Jan 25, 2012

lol after lol in this FT article

quote:

Elon Musk told lenders they would not lose money on Twitter deal
Banks are facing serious losses on the debt as social media platform�s business deteriorates
Joshua Franklin, Eric Platt and Ortenca Aliaj in New York and Hannah Murphy in San Francisco YESTERDAY

Elon Musk privately told some of the bankers who lent him $13bn to fund his leveraged buyout of Twitter that they would not lose any money on the deal, according to five people familiar with the matter.

The verbal guarantees were made by Musk to banks as a way to reassure the lenders as the value of the social media site, now rebranded as X, fell sharply after he completed the acquisition last year.

Despite the assurances, the seven banks that lent money to the billionaire for his buyout � Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho and Soci�t� G�n�rale � are facing serious losses on the debt if and when they eventually sell it.

The sources did not specify when Musk�s assurances were made, although one noted Musk had made them on several occasions. But the billionaire�s behaviour, both in attempting to back out of the takeover in 2022 and more recently in alienating advertisers, has more broadly stymied the banks� efforts to offload the debt since he engineered the takeover.

Large hedge funds and credit investors on Wall Street held conversations with the banks late last year, offering to buy the senior-most portion of the debt at roughly 65 cents on the dollar. But in recent interviews with the Financial Times, several said there was no price at which they would buy the bonds and loans, given their inability to gauge whether Linda Yaccarino, X�s chief executive, could turn the business around.

One multibillion-dollar firm that specialises in distressed debt called X�s debt �uninvestable�.

Selling the $12.5bn of bonds and loans below 60 cents on the dollar ��a price many investors believe the banks would be lucky to achieve in the current market ��would imply losses before accounting for X�s interest payments of $4bn or more, writedowns that have not yet been publicly reported by the syndicate of lenders, according to FT calculations. The debt is split between $6.5bn of term loans, as well as $6bn of senior and junior bonds and a $500mn revolver.

Morgan Stanley, Bank of America, Barclays, MUFG, BNP Paribas, Mizuho and Soci�t� G�n�rale declined to comment. A spokesperson for X declined to comment. Musk did not return a request for comment.

The banks have held the debt on their balance sheets instead of selling at a steep loss in the hope that X�s performance will improve following a series of cost-cutting measures. Several people involved in the transaction noted that there was no plan to sell the debt imminently, with one saying there was no guarantee the banks would be able to offload the debt even in 2024.

The people involved in the deal cautioned that Musk�s guarantee was not based on any formal contract. One said they understood it as a boastful statement that the entrepreneur had never let his lenders down.

�I have never lost money for those who invest in me and I am not starting now,� he told Axios earlier this month, when asked about a separate fundraising push by his company X.ai Corp.

Some on Wall Street view Musk�s personal guarantees with scepticism, given that he tried to back out of his agreement to buy Twitter despite a watertight contract, before relenting.

Nevertheless, the guarantee from a man whose net worth Forbes pegs at about $243bn has helped some of the bankers make the pitch to their internal committees that they can ascribe a higher price to the debt while they hold it on their balance sheets.

Morgan Stanley, the largest lender on the deal, in January disclosed $356mn in mark to market losses on corporate loans it planned to sell and loan hedges. Banks rarely report specific losses tied to an individual bond or loan, and often report writedowns of multiple deals together.

Wall Street was saddled with the Twitter buyout loan at the same time they were holding a smattering of other hung bridge loans ��deals they were forced to fund themselves after failing to raise cash in public bond and loan markets. The FT has previously reported on large losses tied to other hung loans at the time, including the buyouts of technology company Citrix and television rating provider Nielsen.

How the debt has been marked on bank balance sheets has been an open question for traders and investors across Wall Street, given how much X�s business has deteriorated since Musk bought the company.

Musk, already out of favour with marketers for loosening content moderation, last month lost more advertisers after endorsing an antisemitic post. In November he followed by telling brands that were boycotting the business over his actions to �go gently caress� themselves, criticising Disney�s Bob Iger in particular.

According to a report last week from market intelligence firm Sensor Tower, in November 2023 total US ad spend among the top 100 advertisers on X was down nearly 45 per cent compared with October 2022, prior to Musk�s takeover.

https://www.ft.com/content/bc0b6534-c1b6-4979-bc21-30c1ff4594a2

# ? Dec 15, 2023 16:48

Programmer Humor: Nov 27, 2008; Lipstick Apathy

tech ketaminus musk

# ? Dec 15, 2023 17:05

Panfilo: Aug 27, 2011; EXISTENCE IS PAIN😬

https://twitter.com/elonmusk/status/1735568882499211557?t=Gp455dn-ubixCsRJlKXhUA&s=19

# ? Dec 15, 2023 17:05

WrasslorMonkey: Mar 5, 2012

Unequaled word-play, sir.

(USER WAS PUT ON PROBATION FOR THIS POST)

(USER WAS PUT ON PROBATION FOR THIS POST)

# ? Dec 15, 2023 17:06

16-bit Butt-Head: Dec 25, 2014; “I think the problem is you’re just uneducated.”

Panfilo posted:

https://twitter.com/elonmusk/status/1735568882499211557?t=Gp455dn-ubixCsRJlKXhUA&s=19

he's mad

# ? Dec 15, 2023 17:08

Nothus: Feb 22, 2001; Buglord

I'm mad as hell about Microsoft Word

# ? Dec 15, 2023 17:09

Dr_0ctag0n: Apr 25, 2015; The whole human race
sentenced
to
burn

Diversity, Equity, and Inclusivity should die!
-totally not a Nazi white supremacist

# ? Dec 15, 2023 17:09

JAY ZERO SUM GAME: Oct 18, 2005; Walter.
I know you know how to do this.
Get up.

he got real excited when he realized transposing that e and i spelled a cool word while high off his rear end in the middle of the night

# ? Dec 15, 2023 17:10

George H.W. Cunt: Oct 6, 2010

yea Diversity Inclusivity and Equity does sound better thanks for the hot tip

# ? Dec 15, 2023 17:15

Escape Goat: Jan 30, 2009

quote:

The banks have held the debt on their balance sheets instead of selling at a steep loss in the hope that X�s performance will improve following a series of cost-cutting measures.

You could probably cut costs on the ad sales team, they won't be busy?

These people are complete morons and deserve to lose every cent on this deal. He's torpedoed the entire business of Twitter; selling a few more pencil sharpeners and firing a few more regulatory people etc. is not going to change that.

# ? Dec 15, 2023 17:19

Elias_Maluco: Aug 23, 2007; I need to sleep

They could just fire everyone. Elon would write the code a while Linda xeets about #sports

# ? Dec 15, 2023 17:23

withak: Jan 15, 2003; Fun Shoe

Imagine having "DEI must DIE" pop into your head in the middle of the night and then scrambling around to find something to write it down. But all you can reach on your nightstand is empty diet coke cans and video game gun toys.

# ? Dec 15, 2023 17:40

spacemang_spliff: Nov 29, 2014; wide pickle

Wraith of J.O.I. posted:

lol after lol in this FT article

https://www.ft.com/content/bc0b6534-c1b6-4979-bc21-30c1ff4594a2

elon ftw

# ? Dec 15, 2023 17:42

titty_baby_: Nov 11, 2015

Wraith of J.O.I. posted:

lol after lol in this FT article

https://www.ft.com/content/bc0b6534-c1b6-4979-bc21-30c1ff4594a2

(USER WAS PUT ON PROBATION FOR THIS POST)

(USER WAS PUT ON PROBATION FOR THIS POST)

# ? Dec 15, 2023 17:51

Skull Servant: Oct 25, 2009

I was scrolling through the replies to that Word tweet and there appear to be a bunch of grifters saying that Elon is about to launch a search engine before Christmas (just called WEB) and to help you should buy their shitcoin. Had a quick look into this and there doesn't seem to be any remote comment from Musk about something like this. They've just willed it into reality and people are buying into it. Am I just missing something here?

https://twitter.com/Shilling100x/status/1735682498888355864

# ? Dec 15, 2023 17:59

parasyte: Aug 13, 2003; Nobody wants to die except the suicides. They're no fun.

that's just crypto grifters being crypto grifters

theyre talking like their tokens have anything to do with anything, id bet there's more than one stupid grok token and all of em are worthless

# ? Dec 15, 2023 18:13

shyduck: Oct 3, 2003

It seems like the jeets are getting weaker

# ? Dec 15, 2023 18:14

sharknado slashfic: Jun 24, 2011

A search engine called weeb

# ? Dec 15, 2023 18:44

DAD LOST MY IPOD: Feb 3, 2012; Fats Dominar is on the case

i don�t just think Elon musk is ftw, i also think he�s 1337 (that�s �leet� for all you n00bs 😉)

# ? Dec 15, 2023 18:52

Dr. Killjoy: Oct 9, 2012

confiscating all documentation and visas from his H1-Bs and for good measure selling them to international terrorists

# ? Dec 15, 2023 19:03

Trillhouse: Dec 31, 2000

Panfilo posted:

https://twitter.com/elonmusk/status/1735568882499211557?t=Gp455dn-ubixCsRJlKXhUA&s=19

posts that will show up in lawsuits ftw

# ? Dec 15, 2023 19:59

Desert Bus: May 9, 2004; Take 1 tablet by mouth daily.

Musk is winning.

https://www.rawstory.com/musk-s-woes-deepen-as-tesla-strike-spreads-across-scandinavia/

# ? Dec 15, 2023 20:15

Rauros: Aug 25, 2004; wanna go grub thumping?

i appreciate all the &'s in the undergraduate writing assignment he's so proud of

# ? Dec 15, 2023 20:33

Uncle Wemus: Mar 4, 2004

# ? Dec 15, 2023 20:58

Spergin Morlock: Aug 8, 2009

Last Chance posted:

I think all of Microsoft’s office stuff now tries to change your wording automatically to something boring and robotic and musk is right that it’s annoying

did office ever consider that I want to use unnecessary superlatives?

# ? Dec 15, 2023 21:17