pfife Posted October 28, 2022 Share Posted October 28, 2022 6 minutes ago, Jim Cowan said: Sure is, but it's not all his...right? He conned some other investors too I think? I'm not sure I though the did something with leveraging Tesla stock but I'm admittedly not very informed/knowledgeable on the matter. Quote Link to comment Share on other sites More sharing options...
Deleterious Posted October 28, 2022 Share Posted October 28, 2022 Banks financed about $12.5B of the deal with Musk paying cash for the remainder. So it is all his. 2 Quote Link to comment Share on other sites More sharing options...
Motown Bombers Posted October 28, 2022 Share Posted October 28, 2022 1 Quote Link to comment Share on other sites More sharing options...
Motown Bombers Posted October 28, 2022 Share Posted October 28, 2022 Getting significant investment from Saudi Arabia and Qatar, both known for their freedom of speech. Quote Link to comment Share on other sites More sharing options...
Motown Bombers Posted October 29, 2022 Share Posted October 29, 2022 Quote Link to comment Share on other sites More sharing options...
Tiger337 Posted October 29, 2022 Share Posted October 29, 2022 I don't really understand why many people are so concerned about musk buying Twitter. We probably won't even notice a difference and if he does screw up the site, then people will just move onto to the next social media site. Quote Link to comment Share on other sites More sharing options...
Motown Bombers Posted October 29, 2022 Share Posted October 29, 2022 31 minutes ago, Tiger337 said: I don't really understand why many people are so concerned about musk buying Twitter. We probably won't even notice a difference and if he does screw up the site, then people will just move onto to the next social media site. Well, tweets containing the N word have increased significantly in 24 hours since Musk took over. Quote Link to comment Share on other sites More sharing options...
Motown Bombers Posted October 29, 2022 Share Posted October 29, 2022 Thread Quote Link to comment Share on other sites More sharing options...
Tiger337 Posted October 29, 2022 Share Posted October 29, 2022 11 minutes ago, Motown Bombers said: Well, tweets containing the N word have increased significantly in 24 hours since Musk took over. I don't follow those kinds of tweeters. Quote Link to comment Share on other sites More sharing options...
gehringer_2 Posted October 29, 2022 Share Posted October 29, 2022 (edited) 45 minutes ago, Motown Bombers said: Thread And the odds of Tesla stock regaining those previous valuations are about zero. If he hasn't already, Musk is going to very quickly come to the conclusion that it's more imperative for twitter to make enough money to support its debt service than to indulge his philosophical preferences. He really only has two revenue options: Advertisers or paid subscribers. Either/both will demand a higher level of content moderation than his supposed ideal. Edited October 29, 2022 by gehringer_2 Quote Link to comment Share on other sites More sharing options...
Hongbit Posted October 29, 2022 Share Posted October 29, 2022 Is there really a reason for Twitter to have 4600 employees? They don’t really need any new development. They don’t have a product to service or customers to support. They need a large technical staff to maintain the network and provide security, an ad sales staff, and traditional legal, financial, and HR teams that you’d find in a public company. I can see losing 75% of the staff and not missing anything. It wouldn’t shock me one bit to see him find a way to make this work. Quote Link to comment Share on other sites More sharing options...
Motown Bombers Posted October 29, 2022 Share Posted October 29, 2022 Elon Musk hasn't successfully ran a company that wasn't subsidized by the government. If all Twitter needed was a reduction in staff, they would have done it already. Quote Link to comment Share on other sites More sharing options...
gehringer_2 Posted October 29, 2022 Share Posted October 29, 2022 42 minutes ago, Hongbit said: Is there really a reason for Twitter to have 4600 employees? They don’t really need any new development. They don’t have a product to service or customers to support. They need a large technical staff to maintain the network and provide security, an ad sales staff, and traditional legal, financial, and HR teams that you’d find in a public company. I can see losing 75% of the staff and not missing anything. It wouldn’t shock me one bit to see him find a way to make this work. given the size of the client base a couple of thousand in the ad sales staff doesn't seem like that much. And I'm not sure it's true they don't still need development staff; the technology both at the user end and the network end is contantly evolving so you have keep your product current for both the new consumer device tech and the evolving network evolution. You're losing ground if you stand still even if the user interface of your product remains relatively the same. Maybe Twitter's org is fatty, but provocative statements by Musk aren't any kind of evidence of whether it is or isn't. 1 Quote Link to comment Share on other sites More sharing options...
Screwball Posted October 29, 2022 Share Posted October 29, 2022 4 hours ago, gehringer_2 said: And the odds of Tesla stock regaining those previous valuations are about zero. If he hasn't already, Musk is going to very quickly come to the conclusion that it's more imperative for twitter to make enough money to support its debt service than to indulge his philosophical preferences. He really only has two revenue options: Advertisers or paid subscribers. Either/both will demand a higher level of content moderation than his supposed ideal. There is no TSLA stock - so yea - zero. There is nothing to regain. It is now a private company. It didn't trade on the S&P last Friday. Funny to watch all the TSLA haters (and I don't care one way or another) think he is now screwed, because reasons.... I do think he overpaid, for the record. But remember, now that Tesla is a private company, they don't have to report quarterly earnings, and Wall Street is out of the picture. Which means there are no SEC filed earnings reports to hunt down problems with their numbers (that's why we love short sellers - the true gumshoes). At the end of the day, they will make it, or they won't. But we lost transparency. Quote Link to comment Share on other sites More sharing options...
gehringer_2 Posted October 30, 2022 Share Posted October 30, 2022 (edited) 2 hours ago, Screwball said: There is no TSLA stock - so yea - zero. There is nothing to regain. It is now a private company. It didn't trade on the S&P last Friday. you mean Twitter stock? But it's still Tesla stock that supposedly collateralizes his loans. Edited October 30, 2022 by gehringer_2 Quote Link to comment Share on other sites More sharing options...
Screwball Posted October 30, 2022 Share Posted October 30, 2022 44 minutes ago, gehringer_2 said: you mean Twitter stock? But it's still Tesla stock that supposedly collateralizes his loans. Yes, TWTR, not TSLA, my mistake. Same dude. Point stands. Quote Link to comment Share on other sites More sharing options...
gehringer_2 Posted October 30, 2022 Share Posted October 30, 2022 (edited) According to press reports, Musk has tasked Tesla SW engineers to go in and vet existing Twitter programming. That should be an interesting exercise. Do they even use the same languages, APIs or toolboxes? I don't program for a living by any means but I still can't imagine walking in the door and reading someone else's code related to programing tasks that are not even my area of expertise and rendering any kind of intelligent assessment in less than maybe .....weeks?... Not to mention, what does 'evalutate their code' even mean? Code either works or it doesn't, style points are nice but the HW doesn't really care about them. It's seems all he is getting is some folks to tell him 2nd hand what they learned about what Twitter does, when he could just ask the Twitter engineers himself and probably get the better answer. Edited October 30, 2022 by gehringer_2 Quote Link to comment Share on other sites More sharing options...
Deleterious Posted October 30, 2022 Share Posted October 30, 2022 Two things. I have test drove a lot of different EV's and the Tesla software is some of the best IMO. So a little Tesla influence on Twitter might not be the worst thing. Tesla better be getting compensated by Twitter for this or else Musk will be facing a lawsuit from Tesla stock holders. You can't use your engineers from your publicly traded company to work on your private company without compensation. Quote Link to comment Share on other sites More sharing options...
Motown Bombers Posted October 30, 2022 Share Posted October 30, 2022 Tesla's autopilot is nothing more than adaptive cruise control and lane keep assist. Musk's lies about its capabilities have killed people. GM's SuperCruise is an actual hands off the wheel autonomous driving. Something Tesla has yet to develop. GM also was first in Robotaxis on the streets. Something Tesla has been promising for years. Tesla has however added fart noises to their cars so many Twitter will get a fart noise feature. Quote Link to comment Share on other sites More sharing options...
Motown Bombers Posted October 30, 2022 Share Posted October 30, 2022 I feel like if Mary Barra decided GM needed to vastly overpay and spend $40 billion on a social media company, pull engineers from GM for that social media company, and start spreading wild conspiracy theories that she would not be treated the same as Elon Musk. 1 Quote Link to comment Share on other sites More sharing options...
gehringer_2 Posted October 30, 2022 Share Posted October 30, 2022 1 hour ago, Deleterious said: Tesla better be getting compensated by Twitter for this or else Musk will be facing a lawsuit from Tesla stock holders. You can't use your engineers from your publicly traded company to work on your private company without compensation. Tesla stockholders are already facing a long slow slide in their stock value. Getting into a legal war with their majority holder may not be much help. Quote Link to comment Share on other sites More sharing options...
Motown Bombers Posted October 30, 2022 Share Posted October 30, 2022 Completely forgot about the semi scam. Thread Quote Link to comment Share on other sites More sharing options...
gehringer_2 Posted October 30, 2022 Share Posted October 30, 2022 On 10/29/2022 at 3:23 PM, Hongbit said: Is there really a reason for Twitter to have 4600 employees? LOL - one story today said the payroll was 7500. So that leaves 2900 on the outs even if 4600 isn't too many! Quote Link to comment Share on other sites More sharing options...
CMRivdogs Posted October 31, 2022 Share Posted October 31, 2022 Quote Link to comment Share on other sites More sharing options...
Motown Bombers Posted November 1, 2022 Share Posted November 1, 2022 I got this plate and didn't know this was the reason they were brought back. When Trumpers find out, they're going to meltdown and destroy their cars. Quote Link to comment Share on other sites More sharing options...
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