Re: Elon Musk's a mad man
Posted: Mon Apr 25, 2022 1:57 pm
Ugh
Garth wrote:
GRcade
Games and Stuff
https://grcade.co.uk/
Elon Musk's a dishonerable sod to give Twitter a billion dollars
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Re: Elon Musk's a mad man
Posted: Mon Apr 25, 2022 2:23 pm
Re: Elon Musk's a mad man
Posted: Mon Apr 25, 2022 2:30 pm
Are they stupid? That's a strawberry floating low price.
Re: Elon Musk's a mad man
Posted: Mon Apr 25, 2022 2:37 pm
Twitter users should migrate to discourse
Re: Elon Musk's a mad man
Posted: Mon Apr 25, 2022 2:48 pm
I predict that once this goes through, you'll see a lot of prominent individual and company accounts leaving Twitter for either an existing or new alternative, much like what happened with ResetEra but on a much larger scale.
Re: Elon Musk's a mad man
Posted: Mon Apr 25, 2022 3:04 pm
Do we measure the return of Trump to twitter in weeks or months?
I think Musk is overpaying for it. Twitter has really struggled to make a profit and there's no obvious way to sort that out. The share price has been higher in the past but you could argue it was over valued last year rather than under valued today.
It seems like the board of directors initially didn't believe he could get the finance together to actually buy it but now he's proven that, the board has a fiduciary duty to seriously consider it.
Memento Mori wrote:Are they stupid? That's a strawberry floating low price.
I think Musk is overpaying for it. Twitter has really struggled to make a profit and there's no obvious way to sort that out. The share price has been higher in the past but you could argue it was over valued last year rather than under valued today.
It seems like the board of directors initially didn't believe he could get the finance together to actually buy it but now he's proven that, the board has a fiduciary duty to seriously consider it.
Re: Elon Musk's a mad man
Posted: Mon Apr 25, 2022 3:31 pm
OrangeRKN wrote:Twitter users should migrate to discourse
do you mean discord?
Re: Elon Musk's a mad man
Posted: Mon Apr 25, 2022 3:38 pm
Maybe people will migrate to Mastodon?
Re: Elon Musk's a mad man
Posted: Mon Apr 25, 2022 3:59 pm
Pedz wrote:Maybe people will migrate to Mastodon?
Re: Elon Musk's a mad man
Posted: Mon Apr 25, 2022 4:12 pm
Grumpy David wrote:Do we measure the return of Trump to twitter in weeks or months?Memento Mori wrote:Are they stupid? That's a strawberry floating low price.
I think Musk is overpaying for it. Twitter has really struggled to make a profit and there's no obvious way to sort that out. The share price has been higher in the past but you could argue it was over valued last year rather than under valued today.
It seems like the board of directors initially didn't believe he could get the finance together to actually buy it but now he's proven that, the board has a fiduciary duty to seriously consider it.
https://www.macrotrends.net/stocks/char ... oss-profit
Apparently it made 3.28 billion in 2021, nearly 40% up from 2020. That gives a P/E ratio of around 15 which is pretty good IMO.
Re: Elon Musk's a mad man
Posted: Mon Apr 25, 2022 8:06 pm
The promise to “eradicate fake accounts” is a good thing, but the relaxing of content rules is just going to lead to it becoming more of a Wild West than it is currently (unless governments themselves get more involved in demanding moderation).
I guess this also means Donald Trump will return soon and shutter his own failing venture…which will actually give him the perfect excuse to close it down.
I guess this also means Donald Trump will return soon and shutter his own failing venture…which will actually give him the perfect excuse to close it down.
Re: Elon Musk's a mad man
Posted: Mon Apr 25, 2022 8:08 pm
It’ll be the same Twitter but it’ll be illegal to not hear out the Nazis.
Re: Elon Musk's a mad man
Posted: Mon Apr 25, 2022 8:29 pm
Cuttooth wrote:It’ll be the same Twitter but it’ll be illegal to not hear out the Nazis.
The problem is if it does become that, then corporations and advertisers will start to leave the platform as it 'doesn't fit with their values'. It'll be interesting to see if Musk sticks to his guns if the platform starts sinking.
KK wrote:The promise to “eradicate fake accounts” is a good thing,
This might actual be an issue as part of the reason Twitter hasn't removed the fake accounts is that it makes the service look far more used and helps sells adverts.
Re: Elon Musk's a mad man
Posted: Mon Apr 25, 2022 9:19 pm
Lex-Man wrote:Grumpy David wrote:Do we measure the return of Trump to twitter in weeks or months?Memento Mori wrote:Are they stupid? That's a strawberry floating low price.
I think Musk is overpaying for it. Twitter has really struggled to make a profit and there's no obvious way to sort that out. The share price has been higher in the past but you could argue it was over valued last year rather than under valued today.
It seems like the board of directors initially didn't believe he could get the finance together to actually buy it but now he's proven that, the board has a fiduciary duty to seriously consider it.
https://www.macrotrends.net/stocks/char ... oss-profit
Apparently it made 3.28 billion in 2021, nearly 40% up from 2020. That gives a P/E ratio of around 15 which is pretty good IMO.
Twitter is a basket case. Since its founding in 2006, it has made an annual loss every year but two - in 2018 and 2019.
Compare the share price in 2013 when it went public to today vs buying Meta or Google in 2013. Or even against the broader S&P500 index in 2013. Tech outperformed the index whilst twitter underperformed the index.
That link is to the gross profit rather than net income which paints a very different story. Also I'm not entirely sure where you got the P/E ratio from?
Twitter hired Goldman Sachs to value them, they valued twitter in February at $30 per share (market value was $37 a share back then) and gave a status of "Sell".
twitter.com/elonmusk/status/1514726980909948928
Musk isn't buying Twitter because he's spotted something the wisdom of the market (mankind's collective valuation of PLCs) has failed to identify, if we take him at his word “I don’t care about the economics at all" then he sees it as a social good. Whether the rest of think he's best placed to lead such a noble endeavour is another matter.