Oh, fucking please. The "20 million+ lines of code" is such a bullshit upper-management excuse.
Oh, fucking please. The "20 million+ lines of code" is such a bullshit upper-management excuse.
The guy who needed help to run a python script has thoughts about coding.Oh, fucking please. The "20 million+ lines of code" is such a bullshit upper-management excuse.
Did Stephen Fry nail it 7 months ago?
Basically predicted it's gonna be the cesspool it is today.
Did Stephen Fry nail it 7 months ago?
Basically predicted it's gonna be the cesspool it is today.
Disagree with this. Musk has already lost imho regardless of what the users do. There is no way that twitter can get the kinds of revenue that is needed to service the loan. At some point the debt will be called, and twitter will go into bankruptcy and sold off or just put under new management.Staying and fighting, is letting Musk win.
Disagree with this. Musk has already lost imho regardless of what the users do. There is no way that twitter can get the kinds of revenue that is needed to service the loan. At some point the debt will be called, and twitter will go into bankruptcy and sold off or just put under new management.
At that point twitter will be renamed to twitter again and an attempt to get back to old twitter will be made. The adoption success of Bluesky and Threads at that future time will determine if twitter can rise again.
WTF???
Elon Musk takes control of @X account from user who had held it for 16 years
World’s richest person offered no money to previous owner of @X
Elon Musk takes control of @X account from user who had held it for 16 years
World’s richest person offered no money to previous owner of @Xwww.independent.co.uk
Isn't the vast major of his welth in Tesla stock? It's s my impression he is cash poor and didn't dn't the Tesla board already smack him down for dumping stock to pay off the Twitter debt? It is my understanding his is screwed but I'm am far from knowledgeable on the topic.Twitter is proving quite hard to kill, precisely because major accounts aren't leaving.
Musk is the richest person in the world. He can cover Twitter losses as long as he wants to.
He is cash poor because he borrows against his vast TSLA holdings to fund his lifestyle. The Tesla board of directors are all his cronies and have never ever smacked him down for anything. SpaceX is pre-IPO so he can't raise billions from selling those shares even if he wanted to, which he assuredly doesn't.Isn't the vast major of his welth in Tesla stock? It's s my impression he is cash poor and didn't dn't the Tesla board already smack him down for dumping stock to pay off the Twitter debt? It is my understanding his is screwed but I'm am far from knowledgeable on the topic.
I just looked and it seems like spacex is doing very well. Guess he can start pulling cash form it to cover his twitter mess.
Sorry, I said board and meant investors and yes selling stock to pay his loans . This is what I am talking about.He is cash poor because he borrows against his vast TSLA holdings to fund his lifestyle. The Tesla board of directors are all his cronies and have never ever smacked him down for anything. SpaceX is pre-IPO so he can't raise billions from selling those shares even if he wanted to, which he assuredly doesn't.
To buy Twitter, he did sell off a good chunk of TSLA but also borrowed from banks and brought in outsideinvestorsfriends. If the entire thing blows up, a lot of people will be unhappy with him.
It makes no sense to say Twitter is hard to kill. It hasn't even been a year, and their entire business model is in shambles. Although it's too early to say they're disappearing (what's the replacement?), if they turn into an also-ran property like Yahoo! did, that's already a colossal fail. Although it's certainly possible he could fund Twitter losses for a very long time, there's very little indication he's interested in doing so. Sure, it would be even more embarrassing to him to file chapter 11. But outside of some philanthropists, billionaires generally prefer to lose other people's money instead of their own.
Having said that, his Tesla compensation package approved by his cronies is so extravagant that he can do whatever he wants to.
One thing we all know well about Elon is to not believe his promises.Sorry I said board and meant investors. This is what I am talking about.
Elon Musk's vow to not sell more Tesla stock fails to calm investors
Tesla Inc shares hit a fresh two-year low in volatile trading on Friday as top boss Elon Musk's promise to not sell his shares in the electric-car company for at least two years did little to reassure investors.www.reuters.com
As for spacex,I was talking about private stock trades.
Elon Musk's SpaceX nears $150 billion valuation after secondary share sale
The valuation of Elon Musk's SpaceX hit near $150 billion following a share sale by existing investors announced this week, CNBC has learned.www.cnbc.com
I also didn't mention anything about Twitter being hard to kill. I assume it will die quickly.
100% don't trust a word he says. But investors don't like large stock dumps driving their stock down and have legal recourse don't they?One thing we all know well about Elon is to not believe his promises.
I've never owned pre-IPO shares, but my understanding is he has very limited ability to sell those shares privately. Furthermore, it's just not something he's interested in doing. If he ever faces a cash crunch, Tesla's board shovels so many shares of new stock his way that he can easily sell off small slivers. To my recollection, he's only ever sold TSLA shares twice. Once to pay a tax bill for exercising an enormous options grant; the other time(s) were the tranches he sold to finance his Twitter purchase. Likely for vanity reasons, he is extremely resistant to selling any shares of his companies. Although TSLA had a rough 2022, it's bounced back this year.
I don't have a crystal ball, but I was commenting about the posting that you quoted. TBH the only person who's even tried to kill Twitter this past year is Elon himself, and that's unintentional self-pwnage. One might say Meta Threads, but that's still a beta-level product so are they even trying that hard?
Why would they have legal recourse, because he's a liar? He owns approx. $200B of TSLA shares, why would it matter if he needed to sell off a tranche of say $5B or $10B? Also, he receives enormous options grants as part of his compensation package (honestly this is just salary packaged into a tax avoidance shell). Many execs just exercise their options and immediately sell them on the open market. So Elon doesn't even have to sell any shares he already owns; he can just exercise options that have already vested to raise cash.100% don't trust a word he says. But investors don't like large stock dumps driving their stock down and have legal recourse don't they?
As for the SpaceX it might be better than the bank coming in and taking a ton of his Tesla shares he used as collateral.
Here is a quote from the Reuters article. My knowledge of SEC laws is minimal but I know investors have protections. Pubic companies are beholden to their shareholders and the major stakeholders will punish them for driving stock prices down. Dumping missive amounts of stock will almost always do that just that.Why would they have legal recourse, because he's a liar? He owns approx. $200B of TSLA shares, why would it matter if he needed to sell off a tranche of say $5B or $10B? Also, he receives enormous options grants as part of his compensation package (honestly this is just salary packaged into a tax avoidance shell). Many execs just exercise their options and immediately sell them on the open market. So Elon doesn't even have to sell any shares he already owns; he can just exercise options that have already vested to raise cash.
It's understood that Elon has pledged a ton of his TSLA holdings to his lenders, but unless the stock takes a huge nosedive, I don't know that he's terribly concerned about a margin call. Again, if push comes to shove, he can sell off a tranche. He's always said his life's goal is to put men on Mars, so I don't foresee him selling any part of his stake in SpaceX anytime soon.
Tesla's 2018 compensation package for Musk was valued at over $50B (over 10 years?), and was the subject of a shareholder lawsuit:
I don't know what the resolution was, but $55B in comp is an obscene amount. I bring it up only to demonstrate how corrupt the board is and that he has plenty of dry powder to fund Twitter-size debacles. If anyone can afford to lose $30B on a deal gone bad, it's Elon.
Throw a billion monkeys at it and one of them is gonna turn up Shakespeare, right, point being Fry exists outside our “echo chamber”, is a scholar, intellectual and actual compassionate individual.I'm pretty sure that was predicted here pretty quickly by more than a couple people.
Last comment on this, how does selling $1B of shares out of $800B float constitute dumping a massive amount? It's only 0.5% of Musk's holdings? And like I just said, he doesn't even have to sell currently owned shares. He could just exercise a vested options grant like almost all other CEOs routinely do with their compensation.Here is a quote from the Reuters article. My knowledge of SEC laws is minimal but I know investors have protections. Pubic companies are beholden to their shareholders and the major stakeholders will punish them for driving stock prices down. Dumping missive amounts of stock will almost always do that just that.
"If Musk sells another billion or so dollars of shares in the near future, and that exerts downward price pressure on Tesla's share price, investors might have a decent claim for securities fraud," said Howard Fischer, a former U.S. Securities and Exchange Commission (SEC) attorney and a partner at law firm Moses & Singer".
That's the big tax scam, all of the billionaires work. Even Gate, Bezos. Borrow.He is cash poor because he borrows against his vast TSLA holdings to fund his lifestyle. The Tesla board of directors are all his cronies and have never ever smacked him down for anything. SpaceX is pre-IPO so he can't raise billions from selling those shares even if he wanted to, which he assuredly doesn't.
To buy Twitter, he did sell off a good chunk of TSLA but also borrowed from banks and brought in outsideinvestorsfriends. If the entire thing blows up, a lot of people will be unhappy with him.
It makes no sense to say Twitter is hard to kill. It hasn't even been a year, and their entire business model is in shambles. Although it's too early to say they're disappearing (what's the replacement?), if they turn into an also-ran property like Yahoo! did, that's already a colossal fail. Although it's certainly possible he could fund Twitter losses for a very long time, there's very little indication he's interested in doing so. Sure, it would be even more embarrassing to him to file chapter 11. But outside of some philanthropists, billionaires generally prefer to lose other people's money instead of their own.
Having said that, his Tesla compensation package approved by his cronies is so extravagant that he can do whatever he wants to.
Way outside my wheelhouses so probably should not have chimed in. Thanks for informing me.Last comment on this, how does selling $1B of shares out of $800B float constitute dumping a massive amount? It's only 0.5% of Musk's holdings? And like I just said, he doesn't even have to sell currently owned shares. He could just exercise a vested options grant like almost all other CEOs routinely do with their compensation.
IIRC the penultimate time Elon said he'd sell no more TSLA shares, he sold some the very next week. He has zero regard for the SEC or retail investors and as long as the stock price remains frothy and he controls a hand-picked board of cronies, there is no accountability. What other large corporation would pay its CEO a $55B compensation package for part-time work? And that's partly why he's had a long-standing aversion to selling any shares; it helps maintain the stock's insane valuation.
Tesla has been lying about their range for years, and then provides shit customer service, who could've guessed that?
Tesla exaggerated EV range so much that drivers thought cars were broken
Inundated with complaints, Tesla created "Diversion Team" to cancel appointments.arstechnica.com
Not even in the least surprised by this finding, but I am surprised that it took them this long to finally catch them on their lies.Tesla has been lying about their range for years, and then provides shit customer service, who could've guessed that?
Tesla exaggerated EV range so much that drivers thought cars were broken
Inundated with complaints, Tesla created "Diversion Team" to cancel appointments.arstechnica.com