Elon Musk now owns 9.2% of twitter...update.. will soon be the sole owner as Board of Directors accepts his purchase offer

[VRAMdemon]

Lol! ... The worst investment ever made just got downgraded. Imagine spending $44 billion just to provide a safe space for your fellow neo nazis and other RW nutjobs spreading bullshit he likes. Musk also failed to incite the civil war he was promising for the UK. The EU might be next. I am getting ready for Elon's meltdown. Musk could wind up arrested if he goes to Europe. I'm sure he loves being a martyr for "free speech" that he himself doesn't even believe in. Maybe Musk should be required to register as a foreign agent... He's an existential national security threat to the US.

Musk is also actively suppressing negative stories about Trump on X. I remember when Republicans screamed that was election interference. If you think Twitter/X is the gold standard of free speech, you've fallen for a marketing ploy. Try posting something about Trump's sexual assault on Truth Social and see what happens. The Right don't give two shits about "free speech". It's "freedom from consequences" from their speech they whine about.

I'm assuming that literally all Elon had to do to avoid this one name one legal representative for Twitter in Brazil? Wasn't Brazil the 2nd or 3rd largest market for Twitter? Is he bluffing in some way? He has suspended and censored accounts in India, Pakistan, Hungary, Turkey etc at their government request, by saying 'We are just following the country's laws'. The common theme, they are/were all ruled by right wing autocrats. I assume Musk gave Brazil the middle finger is because he must think they are communists?

 

[IronWing]

That's the second SpaceX grounding in two months.

SpaceX launched a StarLink mission this morning so back in business. No new date for Polaris Dawn.

 

[Moonbeam]

Yes, I use Twitter as a news source frequently. I have never tweeted though.

I will say this for him though, Musk might be a thin-skinned crybaby but at least he's taking a free market approach to it unlike so many others who want the government to force Twitter to carry their speech.

I have made the decision not to knowingly click an x link because it's my hope that everybody will stop posting there. It pains me to do so as there are so many links to it on this forum I won't look at but would love to read. With money a fool can collect a following and his kind of fool can be harmful to society. Just my opinion and personal choice. My choice will affect nothing externally but it gives me a good feeling. One less eye for advertisers to to influence. Who gives a fuck who gets hurt if you can sell something.

 

[Greenman]

Lol! ... The worst investment ever made just got downgraded. Imagine spending $44 billion just to provide a safe space for your fellow neo nazis and other RW nutjobs spreading bullshit he likes. Musk also failed to incite the civil war he was promising for the UK. The EU might be next. I am getting ready for Elon's meltdown. Musk could wind up arrested if he goes to Europe. I'm sure he loves being a martyr for "free speech" that he himself doesn't even believe in. Maybe Musk should be required to register as a foreign agent... He's an existential national security threat to the US.

Musk is also actively suppressing negative stories about Trump on X. I remember when Republicans screamed that was election interference. If you think Twitter/X is the gold standard of free speech, you've fallen for a marketing ploy. Try posting something about Trump's sexual assault on Truth Social and see what happens. The Right don't give two shits about "free speech". It's "freedom from consequences" from their speech they whine about.

I'm assuming that literally all Elon had to do to avoid this one name one legal representative for Twitter in Brazil? Wasn't Brazil the 2nd or 3rd largest market for Twitter? Is he bluffing in some way? He has suspended and censored accounts in India, Pakistan, Hungary, Turkey etc at their government request, by saying 'We are just following the country's laws'. The common theme, they are/were all ruled by right wing autocrats. I assume Musk gave Brazil the middle finger is because he must think they are communists?

I don't think Musk buying twitter was an investment, but a new toy.
The Ultra rich buy things for absurd prices all the time. It's not like he had to skip a few meals or give up cable to acquire twitter. The money doesn't matter, he gets his own personal fiefdom to do with as he pleases. He's king of his domain and that makes him happy. If he breaks his toy he'll be upset for a couple day's then find something else to buy that will make him feel better again. The ultra rich are the ultra consumers.

 

[K1052]

I don't think Musk buying twitter was an investment, but a new toy.
The Ultra rich buy things for absurd prices all the time. It's not like he had to skip a few meals or give up cable to acquire twitter. The money doesn't matter, he gets his own personal fiefdom to do with as he pleases. He's king of his domain and that makes him happy. If he breaks his toy he'll be upset for a couple day's then find something else to buy that will make him feel better again. The ultra rich are the ultra consumers.

Yeah, I don't buy this. He's an idiot who bought something he did not understand for far too much money and ran it into the ground. I think the idea he is happy with how things are going is pretty much false given how petulant he is in public over the topic and that he's forced the company to sue its former advertisers.

 

[fskimospy]

Yeah, I don't buy this. He's an idiot who bought something he did not understand for far too much money and ran it into the ground. I think the idea he is happy with how things are going is pretty much false given how petulant he is in public over the topic and that he's forced the company to sue its former advertisers.

And if he didn’t care about the money they wouldn’t have had to force him to close the sale.

Definitely seems like something he did on impulse, realized he got in over his head, and then when forced to follow through got mad and started lashing out.

 

[brycejones]

I don't think Musk buying twitter was an investment, but a new toy.
The Ultra rich buy things for absurd prices all the time. It's not like he had to skip a few meals or give up cable to acquire twitter. The money doesn't matter, he gets his own personal fiefdom to do with as he pleases. He's king of his domain and that makes him happy. If he breaks his toy he'll be upset for a couple day's then find something else to buy that will make him feel better again. The ultra rich are the ultra consumers.

If this was accurate he wouldn't be suing his former customers.

 

[K1052]

And if he didn’t care about the money they wouldn’t have had to force him to close the sale.

Definitely seems like something he did on impulse, realized he got in over his head, and then when forced to follow through got mad and started lashing out.

He's so pleased that he sued his own lawyers that represented him in chancery court lol.

 

[Brovane]

I don't think Musk buying twitter was an investment, but a new toy.
The Ultra rich buy things for absurd prices all the time. It's not like he had to skip a few meals or give up cable to acquire twitter. The money doesn't matter, he gets his own personal fiefdom to do with as he pleases. He's king of his domain and that makes him happy. If he breaks his toy he'll be upset for a couple day's then find something else to buy that will make him feel better again. The ultra rich are the ultra consumers.

Why would investment banks loan money for Musk to buy Twitter as a toy for Musk?

Elon Musk’s Twitter Takeover Is Now the Worst Buyout for Banks Since the Financial Crisis

 

[fskimospy]

Why would investment banks loan money for Musk to buy Twitter as a toy for Musk?

Elon Musk’s Twitter Takeover Is Now the Worst Buyout for Banks Since the Financial Crisis

I think they may have viewed it as a strategic investment to get more future business from him but I agree there’s no way they were lighting THAT much money on fire for something they didn’t think would perform.

 

[IronWing]

Musk buying a new toy cost ten thousand people their jobs. We need a tax code to keep the rich in check.

 

[Brovane]

I think they may have viewed it as a strategic investment to get more future business from him but I agree there’s no way they were lighting THAT much money on fire for something they didn’t think would perform.

$13B is just too much money to light on fire to invest in something that will not perform. The big possible payday for banks is taking SpaceX public in the future. However $13B is a lot of Monopoly money to just appease Musk.

 

[Meghan54]

I don't think Musk buying twitter was an investment, but a new toy.
The Ultra rich buy things for absurd prices all the time. It's not like he had to skip a few meals or give up cable to acquire twitter. The money doesn't matter, he gets his own personal fiefdom to do with as he pleases. He's king of his domain and that makes him happy. If he breaks his toy he'll be upset for a couple day's then find something else to buy that will make him feel better again. The ultra rich are the ultra consumers.

True…Musk bought Twitter, Harlan Crow bought a Supreme Court justice, and a rather exclusive edition at that.

 

[cytg111]

True…Musk bought Twitter, Harlan Crow bought a Supreme Court justice, and a rather exclusive edition at that.

Peter Thiel bought a VP pick

 

[outriding]

I don't think Musk buying twitter was an investment, but a new toy.
The Ultra rich buy things for absurd prices all the time. It's not like he had to skip a few meals or give up cable to acquire twitter. The money doesn't matter, he gets his own personal fiefdom to do with as he pleases. He's king of his domain and that makes him happy. If he breaks his toy he'll be upset for a couple day's then find something else to buy that will make him feel better again. The ultra rich are the ultra consumers.

he did not buy twitter..

he got loans for a large part of twitter.. until he pays off those loans then he can say he bought it..

but with him running it into the ground there is a good chance the US tax payer will be on the hook for it

 

[manly]

he did not buy twitter..

he got loans for a large part of twitter.. until he pays off those loans then he can say he bought it..

but with him running it into the ground there is a good chance the US tax payer will be on the hook for it

Huh? Nobody said he bought ALL of Twitter with his own money; he rounded up a bunch of investors and he put in a lot of his own dough. He famously broke his personal rule not to sell any shares of TSLA, just to finance the deal. He's got plenty of skin in this game.

It seems unlikely that there would be any kind of bank bailout just because investors lost money on Elon's narcissism, but government bailouts are never impossible for the well-connected. A lot of the investors are foreign or private entities that we'd have zero reason to bail out. There's no "systemic risk"/"Too big to fail" at play here.

 

[brycejones]

he did not buy twitter..

he got loans for a large part of twitter.. until he pays off those loans then he can say he bought it..

but with him running it into the ground there is a good chance the US tax payer will be on the hook for it

So you have never purchased something with a loan and then said you bought a car, house, tv, whatever?

 

[iRONic]

Shitlol

The resident forum simpleton opines on WHY the world richest idiot, wannabe free speech absolutist fucked over thousands of employees so he could get his ketamine-stoned hands on Twatter.

Shitlol

 

[fskimospy]

Huh? Nobody said he bought ALL of Twitter with his own money; he rounded up a bunch of investors and he put in a lot of his own dough. He famously broke his personal rule not to sell any shares of TSLA, just to finance the deal. He's got plenty of skin in this game.

It seems unlikely that there would be any kind of bank bailout just because investors lost money on Elon's narcissism, but government bailouts are never impossible for the well-connected. A lot of the investors are foreign or private entities that we'd have zero reason to bail out. There's no "systemic risk"/"Too big to fail" at play here.

He engaged in a process where the end result is he controls the operations of Twitter and that’s the important part.

 

[Lost_in_the_HTTP]

Now it isn't just one judge.

Brazil Supreme Court panel unanimously upholds judge's decision to block X nationwide​

ABC|5 hours ago
A Brazilian Supreme Court panel has unanimously upheld the decision of one of its justices to block billionaire Elon Musk's social media platform X nationwide


.

 

[fskimospy]

Now it isn't just one judge.

Brazil Supreme Court panel unanimously upholds judge's decision to block X nationwide​

ABC|5 hours ago
A Brazilian Supreme Court panel has unanimously upheld the decision of one of its justices to block billionaire Elon Musk's social media platform X nationwide


.

I think there is plenty to criticize about Brazil’s position. I think it’s shitty.

That doesn’t change the fact that when authoritarian regimes ask for far more restrictions Elon’s response was ‘we just have to follow the law’.

He follows the law of dictators and fights the law of democracies. He’s a malign piece of shit.

 

[cytg111]

he did not buy twitter..

he got loans for a large part of twitter.. until he pays off those loans then he can say he bought it..

but with him running it into the ground there is a good chance the US tax payer will be on the hook for it

He acquired Twitter in all metrics that counts, he wields it as he sees fit. It is essentially a 44 billion campaign donation to the Republican party.

People at large wants progressive ideas politics and hence it skewed left.

What is it worth being a billionaire if you cant squash that.

The autistic boy with no social skills tells the world that they're doing free speech wrong. Turns the place into a alt right disinformation platform and proceeds to troll and edge lord the place like he is 12 years old.

The people had something.

Billionaire squashed it like a bug.

Fuck Elon Musk. And fuck his cars.

 

[outriding]

So you have never purchased something with a loan and then said you bought a car, house, tv, whatever?

I have. And the title lists all people on the title. Me and the lender

Until I am the only name in it then I am a co owner

To all. I do understand that for all practical purposes he is the owner because he owns a majority stake in it

But here is the rub (for me anyways). Investment firms loaned him the remainder of the buyout…. If I (which I might) have money in those firms and that makes my investments not be as profitable…

And if those firms go belly up. Then there will probably a government bail out…

I think those firms should hold Elon accountable for the way he is handling twitter.


Done with rant.

Also. Knowing green man’s previous postings I would bet that he would think Elon was the sole owner of twitter

 

[IronWing]

Maybe it’s different for corporations, but my property deed has never listed a lender. No deed I’ve ever read, and I’ve read a lot of them, had a lender listed. The lender info is a separate document, sometimes called a deed of trust or a lien but that is not an ownership document for the real property.

 

[outriding]

Maybe it’s different for corporations, but my property deed has never listed a lender. No deed I’ve ever read, and I’ve read a lot of them, had a lender listed. The lender info is a separate document, sometimes called a deed of trust or a lien but that is not an ownership document for the real property.

You might be right. But I doubt anyone would just give anyone 10+ billion dollars without some paperwork