Elon Musk's a dishonerable sod to give Twitter a billion dollars

PostRe: Elon Musk's a mad man by **OrangeRKN** » Fri May 06, 2022 10:35 am

Tomous wrote:I'm 100% on board with Elon Musk monetising Twitter in as many shitty ways as possible.

Twitter dying and Elon Musk losing lots of money is a pretty good outcome, this is true

PostRe: Elon Musk's a mad man by **Tomous** » Fri May 06, 2022 1:46 pm

OrangeRKN wrote:
Tomous wrote:I'm 100% on board with Elon Musk monetising Twitter in as many shitty ways as possible.

Twitter dying and Elon Musk losing lots of money is a pretty good outcome, this is true

Stop teasing

PostRe: Elon Musk's a mad man by KK » Fri May 13, 2022 11:01 am

Sky News wrote:Elon Musk has said his Twitter deal is "temporarily on hold" over the company's spam user calculations.

The SpaceX founder tweeted: "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users."

To quote Basil Fawlty, duck's off.

PostRe: Elon Musk's a mad man by **OrangeRKN** » Fri May 13, 2022 11:25 am

So he inflated the share price enough and is now about to sell what he already owned?

PostRe: Elon Musk's a mad man by **Cuttooth** » Fri May 13, 2022 11:30 am

OrangeRKN wrote:So he inflated the share price enough and is now about to sell what he already owned?

Or he's about to tank the share price and say the buyout deal needs to be renegotiated for a lower price as a result.

PostRe: Elon Musk's a mad man by **Lex-Man** » Fri May 13, 2022 11:36 am

I just think buying Twitter is a bad idea at any price.

PostRe: Elon Musk's a mad man by **Tomous** » Fri May 13, 2022 12:06 pm

Lex-Man wrote:I just think buying Twitter is a bad idea at any price.

I wouldn't say at any price.

If it was on sale for £1 I would buy it then shut it down and write the £1 off.

PostRe: Elon Musk's a mad man by **Victor Mildew** » Fri May 13, 2022 12:09 pm

I'd buy it if it was going for a song.

PostRe: Elon Musk's a mad man by **Lex-Man** » Fri May 13, 2022 12:18 pm

Tomous wrote:
Lex-Man wrote:I just think buying Twitter is a bad idea at any price.

I wouldn't say at any price.

If it was on sale for £1 I would buy it then shut it down and write the £1 off.

But the write down costs would be massive. You can't just buy a company and shut it down like that without getting involved in massive number of lawsuits. Although I guess not having any shareholders to worry about would make it easier.

PostRe: Elon Musk's a mad man by **Tomous** » Fri May 13, 2022 12:20 pm

alright it wasn't a serious plan, i may not have thought it all the way through

PostRe: Elon Musk's a mad man by **Cuttooth** » Fri May 13, 2022 12:22 pm

Too late Tomous, you're going to have to go on record in court saying "I only bought it for a pound for a laugh." :capnscotty:

PostRe: Elon Musk's a mad man by **Xeno** » Fri May 13, 2022 12:27 pm

Change the rules so you can only tweet the Hitler bunker meme then ban everyone who post words.

PostRe: Elon Musk's a mad man by **Garth** » Fri May 13, 2022 12:29 pm

KK wrote:
Sky News wrote:Elon Musk has said his Twitter deal is "temporarily on hold" over the company's spam user calculations.

The SpaceX founder tweeted: "Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users."

To quote Basil Fawlty, duck's off.

Sounds like he was hoping there'd be more. He imagines himself the hero to save Twitter from bots, probably believes the majority of accounts (and his haters) are fake.

PostRe: Elon Musk's a mad man by **Garth** » Fri May 13, 2022 12:53 pm

twitter.com/elonmusk/status/1525080945274998785

PostRe: Elon Musk's a mad man by **Grumpy David** » Tue May 17, 2022 1:51 pm

Elon Musk needs an exit from his ill-timed Twitter bid

https://www.brisbanetimes.com.au/business/companies/elon-musk-needs-an-exit-from-his-ill-timed-twitter-bid-20220516-p5allp.html

The backdrop to those particular share price movements is the continuing broader meltdown in sharemarkets.

Since Musk’s offer was agreed to by the Twitter board the S&P500 index has fallen another 6.4 per cent and the tech-oriented Nasdaq market 9.2 per cent.

Thus, in a volatile and threatening market for equities Musk has committed to over-paying, badly, for a company that loses money and had negative cash flows last year and which, if the bid were to succeed, would have to service the debt component of the bid’s financing.

Moreover, his own ability to offer cash is largely underwritten by his Tesla shares, which have plummeted.

There's a billion dollar exit clause if the deal doesn't proceed but that might be worth tolerating (either to just bail entirely or put a much reduced offer on the table) given the reality of buying Twitter as-is.

PostRe: Elon Musk's a mad man by **Moggy** » Tue May 17, 2022 1:52 pm

If Musk loses a billion, then I call that a great result. :lol:

twitter.com/elonmusk/status/1526997132858822658

PostRe: Elon Musk's a mad man by **Moggy** » Wed May 18, 2022 8:49 pm

I wish he'd just shut the strawberry float up. Billions of dollars and he's still acting like a 15 year old troll that's living in his mum's basement.

PostRe: Elon Musk's a mad man by **Herdanos** » Wed May 18, 2022 8:51 pm

Why does he even get to vote in US elections? Isn't he South African?

PostRe: Elon Musk's a mad man by **Grumpy David** » Wed May 18, 2022 8:57 pm

Herdanos wrote:Why does he even get to vote in US elections? Isn't he South African?

He's African American. :slol:

Elon Musk's a dishonerable sod to give Twitter a billion dollars

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