Investing

[Deleterious]

This is a hostile takeover.  

Elon Musk becomes Twitter’s largest shareholder

He now has over 4x the amount of shares as the second largest, which is the original creator.  With that large of a voting block he can easily win a seat on the board.  With the Tesla/Musk fanboys who are now buying, he can probably vote in the entire board and more importantly, name the next/new CEO.

[Deleterious]

That escalated quickly.

We have been in talks to make Elon a board member for weeks now.  But it wasn't until he acquired a 10% stake and shoved it down our throats before we actually moved on it.

 

[1776]

Minutes from the recent Fed meeting due to be published at 2 p.m. today. The 10 year benchmark is above 2.6% this morning. I would not be surprised at all to see the Fed raise 50 basis points next. I give it a 55-45 chance of happening. 
 

Thoughts?

[gehringer_2]

10 minutes ago, 1776 said:

Minutes from the recent Fed meeting due to be published at 2 p.m. today. The 10 year benchmark is above 2.6% this morning. I would not be surprised at all to see the Fed raise 50 basis points next. I give it a 55-45 chance of happening. 
 

Thoughts?

IDK, they've been late to move at every point so far. Just because unemployment is below equilibrium and prices are rising, we can't be too hasty, someone at JP Morgan may think unflattering thoughts about us.

Edited April 6, 2022 by gehringer_2

[Deleterious]

They are predicting an 80% chance its 50bps.  About three years late though.  They have a 50 story high rise on fire and they are trying to put it out with glasses of water from the kitchen sink.

[1776]

The market may be in for some volatility post Fed Minutes release, in a serious way. Should be entertaining.

[gehringer_2]

More than you ever thought you wanted to know about Crypto and NFT.

 If you want to hear more about crypto than you ever thought you wanted to - WARNING 2hr worth!:

Dan Olson.  -- 

 

- this critique has gone viral since it was posted. Ezra Klein also had him on his last NYT podcast.

Edited April 6, 2022 by gehringer_2

[Deleterious]

Purchase $3B worth of stock in a company.  Then use that same companies platform to trash it.

 

[Tiger337]

45 minutes ago, Deleterious said:

Purchase $3B worth of stock in a company.  Then use that same companies platform to trash it.

 

It's interesting that he would do that, but his criticism is odd.  I don't think the top accounts have ever provided much content, so it's not a sign of Twitter "dying".  Perhaps, it could be something more if they did provide more content, but it's not a new thing.

I don't follow any of those people, so it wouldn't affect me.   Twitter is what the user decides it will be.     

[1776]

20 hours ago, Deleterious said:

Purchase $3B worth of stock in a company.  Then use that same companies platform to trash it.

 

What?!? No @ErnieHarwell1 (The Ghost of Ernie Harwell) ???

 

[Deleterious]

Musk is declining the offer to join the Twitter board.

One of the stipulations of joining was he could not aquire more than 15% of the company. So speculation is he wants more. Or maybe he already lost interest.

[Deleterious]

The bad inflation numbers today mean a little good news for IBond holders.  The new variable rate will reset in May to 9.62%.

Unfortunately you can only buy $10,000 per year.  

[pfife]

wow, think it was 7.1% last quarter, thinking about buying more now...

 

[Deleterious]

And there it is.  Makes it a $43B valuation.

Elon Musk Offers to Buy Rest of Twitter for $54.20 a Share

[chasfh]

7 hours ago, Deleterious said:

And there it is.  Makes it a $43B valuation.

Elon Musk Offers to Buy Rest of Twitter for $54.20 a Share

Or else it’s this:

 

[Deleterious]

Thanks Mark!  You have just injected yourself into the story by stating something every idiot on the internet already knew.

[CMRivdogs]

Just curious about what happened with his Chicago Tunnel project. It's not on the Boring Company website of projects. It came to mind since we just observed the 30th anniversary of the Great Chicago Flood 

[Deleterious]

 

[Deleterious]

I have read two articles about Elon Musk this week.

One about how he currently does not own a home and is couch surfing at friends places.

The second about how he just secured $46B in funding to buy Twitter.

[gehringer_2]

On 4/15/2022 at 1:13 PM, CMRivdogs said:

Just curious about what happened with his Chicago Tunnel project. It's not on the Boring Company website of projects. It came to mind since we just observed the 30th anniversary of the Great Chicago Flood 

The ‘vacuum tube’ idea was a really dumb concept. It’s one of those things that doesn’t scale. 

[Deleterious]

lol now I want to watch Back to the Future.

[Tiger337]

I am not surprised that Netflix was the first FAANG to fail.  Netflix never seemed sustainable at that level.  

[gehringer_2]

31 minutes ago, Tiger337 said:

I am not surprised that Netflix was the first FAANG to fail.  Netflix never seemed sustainable at that level.  

a lot of the media stuff is not sustainable. Each one's valuation had gotten inflated based potential to capture a total market that remains chopped up in a zillion little pieces. But that's just another symptom of the general over inflation of equity values created by 20 yrs of people fleeing bonds. As interest rates rise it's going to get very painful at the stock exchanges.

[Deleterious]

That changed fast.

Bloomberg reporting that Twitter is in negotiations with Musk and they could have a deal as soon as today.

[Motown Bombers]

I'm no economics guru but how is Tesla the world's most valuable auto company when they sell millions fewer vehicles than other manufacturers and didn't until recently even turn a profit on selling cars?