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  • Elon Musk looks to buy Twitter

    Posted by btomba_77 on April 14, 2022 at 4:11 am

    [h1][b]Elon Musk Offers to Buy Twitter for $43 Billion[/b][/h1] [b]
    [/b]
    [link=https://www.axios.com/elon-musk-offers-buy-twitter-3bc5f567-86b8-4351-9280-340bc644746a.html?stream=top&utm_source=alert&utm_medium=email&utm_campaign=alerts_all]Axios[/link] 
     
    Elon Musk offered to buy Twitter for $54.20 a share in cash, or about $43 billion. 
     
    Said Musk: I am not playing the back-and-forth game. I have moved straight to the end. Its a high price and your shareholders will love it.
     
    He added: If the deal doesnt work, given that I dont have confidence in management nor do I believe I can drive the necessary change in the public market, I would need to reconsider my position as a shareholder.
     

    kaldridgewv2211 replied 8 months, 1 week ago 15 Members · 546 Replies
  • 546 Replies
  • btomba_77

    Member
    April 15, 2022 at 10:40 am

    [link=https://www.cnbc.com/2022/04/15/twitter-board-adopts-poison-pill-after-musks-43-billion-offer-to-buy-company.html]https://www.cnbc.com/2022…er-to-buy-company.html[/link]

    [h1]Twitter board unanimously adopts poison pill to block Musks $43 billion bid to buy company[/h1]

    Under the new structure, if any person or group acquires beneficial ownership of at least 15% of Twitters outstanding common stock without the boards approval, other shareholders will be allowed to purchase additional shares at a discount.

    Such a move is a common way to fend off a potential hostile takeover by diluting the stake of the entity eying the takeover.
     
    The Rights Plan will reduce the likelihood that any entity, person or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take actions that are in the best interests of shareholders, the company said in a press release.

    [/QUOTE]
     

  • btomba_77

    Member
    April 16, 2022 at 5:10 pm

    Quote:
    Originally Posted by dergon darkhelm [link=https://www.flyertalk.com/forum/omni-pr/1103233-tesla-motors-tsla-4.html#post30080656][image]https://www.flyertalk.com/forum/images/buttons/viewpost.gif[/image][/link]
    [link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2018-08-14%2Fmusk-working-with-silver-lake-goldman-to-take-tesla-private-jkt0o4sj]Elon Musk looking to take Tesla private[/link]

    Quote:
    Originally Posted by dergon darkhelm [link=https://www.flyertalk.com/forum/omni-pr/1103233-tesla-motors-tsla-4.html#post30086767][image]https://www.flyertalk.com/forum/images/buttons/viewpost.gif[/image][/link]
    [link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2018-08-15%2Ftesla-drops-on-report-of-sec-subpoena-over-musk-go-private-plan]Tesla subpoenaed over Musk’s take-private tweet[/link]

    [link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2022-04-16%2Fmusk-go-private-tweet-ruled-false-by-judge-tesla-investors-say%3Fsrnd%3Dpremium]https://www.bloomberg.com/news/artic…y?srnd=premium[/link]
    [h1]Judge Rules Musk Go-Private Tweet False, Tesla Investors Say[/h1] [ul][*]Ruling gives shareholders key advantage heading toward trial[*]Billionaire, car maker face multibillion-dollar damage claims [/ul] [link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fwww.bloomberg.com%2Fquote%2FTSLA%3AUS]Tesla Inc.[/link] shareholders suing over Elon Musks 2018 tweet about taking the company private said they won a key ruling in the run-up to a fraud trial with billions of dollars in damages at stake.

    The investors said a federal judge agreed with them that no reasonable jury could find Musks tweets on August 7, 2018 accurate or not misleading, according to a court filing late Friday. The filing describes an April 1 order by the judge that isnt listed on the docket.
     
     
    ___________
     
    Might explain why Musk has twitter on the brain and is acting even more nutty than usual.

    • btomba_77

      Member
      April 25, 2022 at 4:35 am

      Twitter board now receptive to Musk’s offer, meeting with him over the weekend.

  • btomba_77

    Member
    April 25, 2022 at 7:09 am

    [link=https://www.reuters.com/technology/exclusive-twitter-set-accept-musks-best-final-offer-sources-2022-04-25/]Reuters[/link] – Twitter is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the chief executive of Tesla Inc (TSLA.O) has called his best and final offer for the social media company. 

  • btomba_77

    Member
    April 25, 2022 at 12:24 pm

    Twitter Agrees to Be Acquired by Elon Musk[/h1]  
    Twitters board has accepted an offer from billionaire Elon Musk to buy the social media company for $44 billion and take it private, [link=https://www.cnbc.com/2022/04/25/twitter-accepts-elon-musks-buyout-deal.html]CNBC[/link] reports.
     
    Assuming the deal closes and Musk takes ownership of Twitter, the company will be controlled by the worlds richest person and someone whos been a heavy critic of the platform while using it in legally contentious ways, mostly through sensitive posts about his car manufacturer, Tesla.
     
    [link=https://www.axios.com/twitter-elon-musk-deal-065c90cd-d584-4126-b5c1-457f2591b792.html?stream=top&utm_source=alert&utm_medium=email&utm_campaign=alerts_all]Axios[/link]: This is an earthquake in global media and politics, where Twitter hosts the discourse. Its sure to be criticized by those who disagree with Musks laissez-faire views on content moderation and cheered by those who believe Twitter has been too heavy-handed with its block button.
     
    [link=https://www.vanityfair.com/news/2022/04/elon-musk-donald-trump-twitter-truth-social]Vanity Fair[/link]: Trumps Truth Social appears officially f*cked.

     

    • Unknown Member

      Deleted User
      April 25, 2022 at 1:48 pm

      A bad day for leftist propagandists

      • Unknown Member

        Deleted User
        April 25, 2022 at 1:52 pm

        “Free speech is the bedrock of a functioning
        democracy, and Twitter is the digital town
        square where matters vital to the future of
        humanity are debated,” said Mr. Musk. “I also
        want to make Twitter better than ever by
        enhancing the product with new features,
        making the algorithms open source to
        increase trust, defeating the spam bots, and
        authenticating all humans. Twitter has
        tremendous potential – I look forward to
        working with the company and the
        community of users to unlock it.’

        • kaldridgewv2211

          Member
          April 25, 2022 at 2:03 pm

          Arguably Twitter isnt heavy handed enough with its block. They can and should enforce a code of conduct in its TOS. If he can eliminate bots that would be great. If he lets people run wild and calls it free speech than its fudged.

          • btomba_77

            Member
            April 27, 2022 at 3:53 am

            Quote from DICOM_Dan

            Arguably Twitter isnt heavy handed enough with its block. They can and should enforce a code of conduct in its TOS. If he can eliminate bots that would be great. If he lets people run wild and calls it free speech than its fudged.

            If Musk does what he says he wants to do and identifies every participant, so that the person posting in the “digital town square” is known as their true public persona while bots and anonymous accounts are removed, then I think you will see significantly less true hate speech.  People will fear the consequences of said speech in their public lives.
             
            Make the klansmen march *without* their hoods.

            • Unknown Member

              Deleted User
              April 27, 2022 at 4:36 am

              Elon Musk can not be allowed to promise “free speech” to cis-gendered, white males of fabulous wealth, living in suburban enclaves with air-conditioning, who drive around in those polluting cars. For too long, white dominant culture and their lackeys have exuded cultural self-confidence through exploitative liberties such as “free speech”. Their thoughts are even considered ‘interesting” and sold for lots of wealth, all off the back of the disenfranchised. Some of their expression is even considered as ‘humor’, making us laugh at their first-world problems. Shameful indeed.  Censorship of their thought will sanitize violent white male expression that has so marred this planet with capitalism.  It is the righteous and appropriate fail-safe for a more equitable and sustainable eco-system of thought. It is Gaia. 
               
              At this point, marginalized groups are hoping against hope that democrats or our rich friends like Bezos and the CCP can take control of Twitter. Its OUR utility. Algorithmic justice must be preserved at all cost. Allowing free speech and unencumbered expressed thought is really an infection spread by rich caucasians to disenfranchise those who dont like or care about free speech, but need us liberals as their stewards and vanguards.  Folks, their version of “free speech” really means the words are literally being stolen from the lips of the marginalized.
               
              Elon Musks version of free speech will equal unmitigated abuse and harassment of vulnerable populations. Lawless hate, bigotry, misogyny, trans-phobia, hatred of bicycle paths, white parties, and vegetation will be instantly unleased.  This power hungry grab by Musk can not be allowed. 

              • alyaa.rifaie_129

                Member
                April 27, 2022 at 6:06 am

                Cost of the Twitter app – $0.00
                Cost of a Twitter Super Follow account $2.99 – $9.99/mo
                Cost for Musk to buy Twitter $44b
                Cost of watching the left leaning media and liberals lose their minds PRICELESS!

                • kayla.meyer_144

                  Member
                  April 27, 2022 at 6:20 am

                  To quote Rhett, 
                   
                  Frankly my dear, I dont give a damn!

                   

                • kayla.meyer_144

                  Member
                  April 27, 2022 at 6:25 am

                  To quote Rhett,   
                     
                  Frankly my dear, I dont give a damn!  

                    Its just musky showboating.

  • kaldridgewv2211

    Member
    April 27, 2022 at 7:08 am

    Quote from dergon

    Quote from DICOM_Dan

    Arguably Twitter isnt heavy handed enough with its block. They can and should enforce a code of conduct in its TOS. If he can eliminate bots that would be great. If he lets people run wild and calls it free speech than its fudged.

    If Musk does what he says he wants to do and identifies every participant, so that the person posting in the “digital town square” is known as their true public persona while bots and anonymous accounts are removed, then I think you will see significantly less true hate speech.  People will fear the consequences of said speech in their public lives.

    Make the klansmen march *without* their hoods.

    I can see one drawback in that some people use anonymous account to hide themselves and there could be valid reasons to do so.  Like making sure you don’t get killed by a Russians.  I’m all for killing off the nefarious fake accounts.
     
     

    • btomba_77

      Member
      April 27, 2022 at 10:36 am

      I doubt it would be “real name” twitter.
       
      But one person/one account with one verification is what Musk was suggesting.    
       
      So that some FSB officer can’t create 100 accounts in an hour just to amplify misinformation.
       
      But that verification would certainly make people more at risk for doxxing.

      • btomba_77

        Member
        April 27, 2022 at 6:10 pm

        [link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fwww.politico.com%2Fnews%2F2022%2F04%2F27%2Fjudge-rejects-elon-musks-motion-sec-consent-decree-tweets-00028341]https://www.politico.com/news/2022/0…weets-00028341[/link]

        [i]A federal judge on Wednesday denied Tesla CEO Elon Musks request to terminate an agreement he entered with the SEC in 2018 requiring him to run certain Twitter posts by securities lawyers for pre-approval.[/i]

        [i]The judge also denied Musks motion to quash a new subpoena by the SEC. The decision came as Musk was in the process of acquiring Twitter for $44 billion.[/i]
         
         
        [link=https://www.ft.com/content/a82e0d26-…1-dd2ca44ac803]https://www.ft.com/conten…0d26-…1-dd2ca44ac803[/link]

        The merger agreement also reveals that Musks own tweets are bound by a non-disparagement agreement, in an apparent attempt to rein in the Tesla chiefs erratic Twitter posts, which have criticised the company and caused clashes with regulators.

        [link=https://www.theguardian.com/technolo…quisition-deal]https://www.theguardian.c…hnolo…quisition-deal[/link]

        Controversy grew on Wednesday over tweets from Elon Musk engaging with criticism of Twitter employees, despite a promise from the entrepreneur not to disparage the company or its representatives while he completes the deal to acquire the social media platform.

        The worlds richest man agreed to restrictions on his tweets as part of a 95-page agreement covering his $44bn acquisition filed on Tuesday.

        However, a day after signing the agreement, which was published on the website of the US securities regulator, Musk responded to tweets from two political commentators that criticised Twitter staff.

        • btomba_77

          Member
          April 28, 2022 at 4:22 am

          [link=https://www.businessinsider.com/elon-musk-wants-to-buy-coke-put-cocaine-back-in-2022-4] Elon Musk says he wants to buy Coca-Cola to ‘put the cocaine back in’

          [/link]

           
           
          showing the board and shareholders that he’s just the serious kind of man to run a global media platform 

          • kaldridgewv2211

            Member
            April 28, 2022 at 9:35 am

            Tesla stock is down like 25%-30% this year.  Keep it up Elon.
             
             

      • kayla.meyer_144

        Member
        April 30, 2022 at 4:39 am

        Quote from dergon

        I doubt it would be “real name” twitter.

        But one person/one account with one verification is what Musk was suggesting.    

        So that some FSB officer can’t create 100 accounts in an hour just to amplify misinformation.

        But that verification would certainly make people more at risk for doxxing.

        I rather doubt Elon will make Twit a better place for “free speech.” Meaning one supposes a place with no restrictions allowing the “marketplace” to filter out bad speech, mis-information, dis-information and mal-information. It’s been tried before with disastrous results. Think 4-chan and 8-chan as a start. Cesspools full of people like angry incels. Think how successful right-wing anti-Twits have succeeded – or not. And why they haven’t succeeded.
         
        I don’t see Elon concerned about FSB accounts at all. Maybe I’m wrong. We’ll see.
         
        Good luck to him.

  • btomba_77

    Member
    April 30, 2022 at 5:03 am

    Musk’s politics and persona are difficult to pigeon hole. He’s a complicated dude with a lot to like … and a lot to dislike.
     
    Tesla is revolutionary and has likely been the primary catalyst of a global transformation of the auto industry away from fossil fuels.  That’s great.     I wish it was a union shop and that Musk was quite so cozy with China to get it done, but … complicated.
     
    His views on space exploration are to be applauded.
     
    But I certainly see reason to believe that his own views on Twitter and free speech are of concern.    His track record on his own statements on social media show a lack of discipline and a trollish bent at best.
     
    What his real vision is for Twitter is not yet known.  But certainly there’s cause for concern.
     
    Does that mean I should boycott Tesla?  I can’t see why.

    • kayla.meyer_144

      Member
      April 30, 2022 at 5:52 am

      I don’t either. But posters like laidback-lib, Ixrayu, Bigboysartorious & “newID” Foreignbodylanguage think it’s very important to them for some reason & that we’re supposed to be losing our minds over Elon’s purchase.
       
      ¯\_()_/¯

      • ruszja

        Member
        April 30, 2022 at 6:26 am

        People shouldn’t worry that much. DHS will issue a regulation that governs what Elon can host on Twitter.

        • alyaa.rifaie_129

          Member
          April 30, 2022 at 7:31 am

          Yep and the directive will come from the czar herself  that has put forth disinformation.

  • btomba_77

    Member
    May 6, 2022 at 3:53 am

    [link=https://twitter.com/palazzo214/status/1518585382543130624]https://twitter.com/palaz…us/1518585382543130624[/link]

    Devin Nunes asked today if Trump will go back on twitter if Musk buys it: He said he really doesnt have an interest in going on twitter .. Twitter right now is nothing but a global PR wire .. theres nobody there .. We have more engagement in Truth Social than they have.

    ____________

    Same interview Nunes says that Trump encouraged Musk to buy Twitter:  President Trump, basically before Elon Musk bought it, actually said to go and buy it because the goal of our company is really to build a community where people are in a family-friendly, safe environment.”

    ____________

    Yep. Has not interest in returning to twitter and just wants Musk as a competitor because it would be fun. 

    • kaldridgewv2211

      Member
      May 6, 2022 at 6:24 am

      He can make money and grift on Twitter but I’m sure he has no interest in it.

  • btomba_77

    Member
    May 6, 2022 at 2:27 pm

    [link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fus.cnn.com%2F2022%2F05%2F06%2Ftech%2Ftwitter-shareholder-lawsuit-elon-musk%2Findex.html]https://us.cnn.com/2022/05/06/tech/t…usk/index.html[/link]

    [i]Elon Musk and Twitter ([link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fmoney.cnn.com%2Fquote%2Fquote.html%3Fsymb%3DTWTR%26source%3Dstory_quote_link]TWTR[/link]) were sued on Friday by a Florida pension fund seeking to stop Musk from quickly completing his planned $44 billion takeover of the social media company.[/i]

    [i]In a complaint filed in Delaware Chancery Court, the Orlando Police Pension Fund said that under Delaware law Musk cannot complete the takeover until at least 2025 unless holders of two-thirds of shares not “owned” by him approved.[/i]

    • btomba_77

      Member
      May 12, 2022 at 4:52 pm

      After a brief rally on the announcement of musks intention to but Twitter , the stock price has fallen back down to about where it was, $10 lower than the offer

      Makes one think the street thinks the deal less likely to get done

      • kaldridgewv2211

        Member
        May 12, 2022 at 7:28 pm

        He also wiped out 25% of Tesla price.

        Not to mention shady financing like Saudi billionaires.

        • btomba_77

          Member
          May 13, 2022 at 5:21 am

          And Musk now says deal “on hod” temporarily … shares down another 11%

          • btomba_77

            Member
            May 18, 2022 at 4:20 am

            Twitters board said that it plans to close the transaction and enforce the merger agreement between Elon Musk and Twitter

  • btomba_77

    Member
    May 18, 2022 at 5:01 am

    Twitter said it is still committed to selling the company to billionaire Elon Musk for the original $44 billion price and provided a detailed chronicle of how the deal came together [link=https://www.sec.gov/Archives/edgar/data/1418091/000110465922061854/tm2215839d1_dfan14a.htm]in a Securities and Exchange Commission filing[/link] Tuesday.
     

    Twitter is committed to completing the transaction on the agreed price and terms as promptly as practicable, [link=https://www.sec.gov/Archives/edgar/data/1418091/000119312522152985/d349859ddefa14a.htm]the company said in a statement attached to the filing.[/link]

     “The Board and Mr. Musk agreed to a transaction at $54.20 per share. We believe this agreement is in the best interest of all shareholders. We intend to close the transaction and enforce the merger agreement.”

    • kaldridgewv2211

      Member
      May 18, 2022 at 8:44 am

      I don’t see how he’s not run afoul of the SEC at this point.  
       
      Kind of nice the see twitter stick to it with him doing all this hyming and hawing.  Like he wanted to prove % of fake accounts.  

      • btomba_77

        Member
        May 19, 2022 at 5:27 am

        (Not a musk story but a Tesla story. Although it does tie in to elons recent anti- union bluster )

        [b]Tesla Loses Spot on S&P ESG Index Due to Concerns Over Crashes, Working Conditions
        [/b]

        Bloomberg:

        The worlds most famous electric-vehicle maker has lost its spot on the ESG version of the S&P 500 Index.S&P Dow Jones Indices says that Tesla Inc.s score on environmental, social and governance standards has remained fairly stable over the past year, but that it has slipped down the ranks against improving global peers.

        (ESG refers to Environment, Social and Governance standards.)

        [link=https://www.bloomberg.com/news/articles/2022-05-18/tesla-crashes-work-conditions-see-it-pushed-off-s-p-esg-index]https://www.bloomberg.com…shed-off-s-p-esg-index[/link]

        • Unknown Member

          Deleted User
          May 19, 2022 at 8:30 am

          Musk has money to burn but he has been taking a beating lately

          His Bitcoin buying averaged over 50,000$ a purchase

          He loaded his arse on that one

          He totally agreed to overpay for Twitter and now he is trying to weasel out of the agreement

          and if he things people are going to pay for Twitter subscriptions uhmmmmmm well he is going to lose his shirt there too

          I guess the bottom line is that it is good to have money to burn becyhe is definitely burning it

        • Unknown Member

          Deleted User
          May 19, 2022 at 8:32 am

          Musk has money to burn but he has been taking a beating lately

          His Bitcoin buying averaged over 50,000$ a purchase

          He loaded his arse on that one

          He totally agreed to overpay for Twitter and now he is trying to weasel out of the agreement

          and if he things people are going to pay for Twitter subscriptions uhmmmmmm well he is going to lose his shirt there too

          Couple that with an influx in competition from other companies in electric vehicles in the next decade and Musk looks less like a visionary and more like a spoiled child trolling on the internet

          I guess the bottom line is that it is good to have money to burn because is definitely burning it

        • Unknown Member

          Deleted User
          May 19, 2022 at 8:34 am

          Musk has money to burn but he has been taking a beating lately

          His Bitcoin buying averaged over 50,000$ a purchase

          He lossed his arse on that one

          He totally agreed to overpay for Twitter and now he is trying to weasel out of the agreement

          and if he thinks people are going to pay for Twitter subscriptions uhmmmmmm well he is going to lose his shirt there too

          Couple that with an influx in competition from other companies in electric vehicles in the next decade and Musk looks less like a visionary and more like a spoiled child trolling on the internet

          I guess the bottom line is that it is good to have money to burn because is definitely burning it

  • btomba_77

    Member
    May 19, 2022 at 9:09 am

    I will be interested to see if Musk’s public move to the MAGA right will change the type and number of Tesla buyers.
     
    Will conservatives suddenly start buying his EVs in large numbers? Will progressives abandon his cars in any significant number as the symbolism changes? What’s the net net?

    • Unknown Member

      Deleted User
      May 19, 2022 at 9:22 am

      Im not sure either

      I do think however that Musk is no MAGA type

      Personally I just think he dislikes everyone is trolling for attention.. maybe going through some midlife issues

      He will turn on the MAGA crowd in a heartbeat

    • satyanar

      Member
      May 19, 2022 at 2:38 pm

      Quote from dergon

      I will be interested to see if Musk’s public move to the MAGA right will change the type and number of Tesla buyers.

      Will conservatives suddenly start buying his EVs in large numbers? Will progressives abandon his cars in any significant number as the symbolism changes? What’s the net net?

       
      I would be surprised if Elons political musings have much effect on Tesla buying. Not that it means anything. Ive been surprised a lot lately.

      • kaldridgewv2211

        Member
        May 19, 2022 at 5:12 pm

        A lot of the BS he does is to feed his ego.  Smarty pants is gonna lose a billion in this stunt and wiped a lot of Tesla stock value in the process.  He get’s what he wants.  Attention.
         
        I still don’t understand his company anyway.  It’s not like it’s that well run of a car company and it trades way higher than Toyota which is a well run company.

        • satyanar

          Member
          May 19, 2022 at 8:52 pm

          Quote from DICOM_Dan

          A lot of the BS he does is to feed his ego.  Smarty pants is gonna lose a billion in this stunt and wiped a lot of Tesla stock value in the process.  He get’s what he wants.  Attention.

          I still don’t understand his company anyway.  It’s not like it’s that well run of a car company and it trades way higher than Toyota which is a well run company.

          Ive been a big critic of his business model and as you, do not understand the valuation of his company. I have no respect for his approach to business or politics.
           
          That does not have any effect on my interest in his product, the Tesla automobile. We have two which we both love driving. Our next purchase will have nothing to do with Elon.

          • btomba_77

            Member
            May 20, 2022 at 5:36 am

            Quote from Thread Killer

            Ive been a big critic of his business model and as you, do not understand the valuation of his company. I have no respect for his approach to business or politics.

            That does not have any effect on my interest in his product, the Tesla automobile. We have two which we both love driving. Our next purchase will have nothing to do with Elon.

             
            I know that social media is not a representative sample, but it sure makes it look like this escapade could cost Musk buyers.
             
            A non-zero (I don’t know how big) percentage of the “value” of buying a Tesla for some purchasers is the virtue signaling reward they get from it.  If Musk becomes a Bond villain figure with the the Left, they may well adopt a new product.

            • satyanar

              Member
              May 20, 2022 at 6:30 am

              I dont participate enough in the social media realm I guess. I do think we will see a shift away from Tesla as there are more options to virtue signal with an EV, that are worth driving. I expected that to happen any way. Are there some that will do that based on their dislike of Elons politics? You make a good case for there being more than I estimated. It will be interesting to watch. 

              • btomba_77

                Member
                August 10, 2022 at 4:26 am

                Quote from dergon

                Quote from Thread Killer

                Ive been a big critic of his business model and as you, do not understand the valuation of his company. I have no respect for his approach to business or politics.

                That does not have any effect on my interest in his product, the Tesla automobile. We have two which we both love driving. Our next purchase will have nothing to do with Elon.

                I know that social media is not a representative sample, but it sure makes it look like this escapade could cost Musk buyers.

                A non-zero (I don’t know how big) percentage of the “value” of buying a Tesla for some purchasers is the virtue signaling reward they get from it.  [b]If Musk becomes a Bond villain figure with the the Left, they may well adopt a new product.[/b]

                 
                 

                Quote from Thread Killer

                 Are there some that will do that based on their dislike of Elons politics? You make a good case for there being more than I estimated. It will be interesting to watch. 

                regarding this discussion from months back:
                 

                [link=https://www.bloomberg.com/news/articles/2022-07-30/elon-musk-s-antics-turn-owners-and-would-be-buyers-against-tesla?srnd=premium]Elon Musks Antics Turn Owners and Would-Be Buyers Against Tesla[/link]
                 
                Creative Strategies, a California-based customer-experience measurer, mentioned owner frustration with Musk in a [link=https://creativestrategies.com/tesla-delivers-automotive-delight/]study[/link] it published in April. A year earlier, research firm Escalent found Musk was the [link=https://escalent.co/news/tesla-dominating-electric-vehicle-adoption-due-to-products-and-ecosystem-not-brand-image-or-elon-musk/]most negative aspect[/link] of the Tesla brand among electric-vehicle owners surveyed.
                 
                We hear from Tesla owners who will say, Look, I love my vehicle, but I really wish I didn’t have to respond to my friends and family about his latest tweet, says Mike Dovorany, who spoke with thousands of EV owners and potential buyers during his two years working in Escalents automotive and mobility group.
                 
                We took Tesla off the table from the get-go, Sirr says. She and her partner have their eyes on the Kia Niro and Chevrolet Bolt as possible alternatives. As consumers, our power is what we buy. I think younger generations in particular vote with their wallets, and I feel like that might come back to bite.
                 
                 

                 
                Levitt, the self-described former Musk fanboy, took a test ride last month in a Lucid. He wasnt sold on it, partly he says because it didnt have enough cargo space for his golf gear. Hes still waiting for another automaker to steal him away from Tesla and considering models from Audi, Mercedes and BMW.
                 
                If you take Mr. Musk and his antics out of the equation, I’m about 98% certain that my next car would be a Tesla, Levitt says. His antics put me in play.

                • kayla.meyer_144

                  Member
                  August 17, 2022 at 3:38 pm

                  Interesting short video from John Oliver on Elon:
                   
                  [link]https://youtu.be/6gy5P45hEN4[/link]

              • btomba_77

                Member
                November 17, 2022 at 5:33 pm

                Quote from dergon

                Quote from Thread Killer

                Ive been a big critic of his business model and as you, do not understand the valuation of his company. I have no respect for his approach to business or politics.

                That does not have any effect on my interest in his product, the Tesla automobile. We have two which we both love driving. Our next purchase will have nothing to do with Elon.

                I know that social media is not a representative sample, but it sure makes it look like this escapade could cost Musk buyers.

                A non-zero (I don’t know how big) percentage of the “value” of buying a Tesla for some purchasers is the virtue signaling reward they get from it.  If Musk becomes a Bond villain figure with the the Left, they may well adopt a new product.

                 
                [link=https://morningconsult.com/2022/11/17/elon-musks-politically-polarizing-effect/]https://morningconsult.co…lly-polarizing-effect/[/link]
                 
                Until now, Elon Musks polarizing personal brand had a limited impact on Tesla and SpaceX, but the Twitter acquisition acted as a break in the dam. Since last month, the net favorability of Tesla is down around 20 points among Democrats. 
                 
                If the Tesla brand becomes increasingly right-leaning, that could put it out of alignment with core electric vehicle purchasing profiles, which lean more liberal.
                 
                [img]https://assets.morningconsult.com/wp-uploads/2022/11/17090823/twitter-net-favorability-221117.png[/img]

                • Unknown Member

                  Deleted User
                  November 17, 2022 at 6:29 pm

                  If the Tesla brand becomes increasingly right-leaning, that could put it out of alignment with core electric vehicle purchasing profiles, which lean more liberal.

                  What is interesting is many republicans are anti electric vehicles

                  The big oil lobby has control over them with a big tobacco style marketing campaign

                  I bet you that hurts Tesla sales in the near term at least

                  • kayla.meyer_144

                    Member
                    November 17, 2022 at 7:22 pm

                    Yes, but take Musks advice & vote Republican. 
                     
                    Musk is a genius. 

                    • btomba_77

                      Member
                      November 17, 2022 at 7:59 pm

                      Several critical engineering teams resigned in their entirety on Thursday, according to Heath. You cannot run Twitter without this team, one current engineer told him, speaking in reference to one of the groups.

                      Also on Thursday night, according to the managing editor of Platformer, Twitter alerted employees that effective immediately, all office buildings are temporarily closed and badge access is suspended.

                      .

                      Twitters offices are expected to reopen to whatever is left of its workforce on Monday, Schiffer reported. Platformers report was corroborated by Fortune and The Verge soon after.

                      #riptwitter trends

                    • Unknown Member

                      Deleted User
                      November 18, 2022 at 4:35 am

                      In true liberatarian form

                      Burn it to the ground

              • btomba_77

                Member
                November 29, 2022 at 5:31 pm

                Quote from Thread Killer

                I dont participate enough in the social media realm I guess. I do think we will see a shift away from Tesla as there are more options to virtue signal with an EV, that are worth driving. I expected that to happen any way. Are there some that will do that based on their dislike of Elons politics? You make a good case for there being more than I estimated. It will be interesting to watch. 

                [link=https://www.wsj.com/articles/elon-musks-twitter-politics-add-to-pressure-on-teslas-brand-image-11669764014?mod=e2tw]https://www.wsj.com/artic…e-11669764014?mod=e2tw[/link]
                 
                Elon Musks Twitter Politics Add to Pressure on Teslas Brand Image[/h1] Democrats in particular have soured on Tesla in recent weeks, survey finds, though the car makers customers remain loyal[/h2]  
                 
                Self-identifying Democrats in particular have soured on the car maker since Mr. Musk bought Twitter for $44 billion in late October, according to data from research firm Morning Consult. Mr. Musk, who plays a large role in the public image of Tesla and now Twitter, on Nov. 7[link=https://twitter.com/elonmusk/status/1589639376186724354] urged voters to back Republicans[/link] in the midterm elections. He later[link=https://www.wsj.com/articles/elon-musk-says-twitter-would-reinstate-donald-trumps-account-after-online-poll-11668906083?mod=article_inline] reinstated[/link] former President [link=https://www.wsj.com/topics/person/donald-trump]Donald Trump[/link]s Twitter account, delivering on his[link=https://www.wsj.com/articles/elon-musk-would-reverse-twitters-donald-trump-ban-11652204279?mod=article_inline] statement in May[/link] that he would do so.
                 
                On Nov. 7, for the first time since YouGov began tracking Tesla in 2016, more respondents in the U.S. reported a negative perception of Tesla than a positive view. The brand perception has eroded further since, according to YouGov data.
                Scores for other major U.S. auto makers have held steady during the same period, with each brand consistently scoring higher than Tesla on net favorability ratings from January 2020 until the present, according to YouGov data. Net favorability is the percentage of respondents with positive perceptions of a brand minus the percentage with negative perceptions.
                 
                 

                • satyanar

                  Member
                  November 29, 2022 at 5:46 pm

                  Thanks for the update. Interesting indeed. Its fun having someone go back and find my old posts for updates. To be honest I dont remember that one at all. Im surprised I used the term virtue signal. Must have been tongue in cheek. Its a term I dont like much. At some point I might go back and find the context.

      • btomba_77

        Member
        November 7, 2022 at 9:56 am

        Quote from Thread Killer

        Quote from dergon

        I will be interested to see if Musk’s public move to the MAGA right will change the type and number of Tesla buyers.

        Will conservatives suddenly start buying his EVs in large numbers? Will progressives abandon his cars in any significant number as the symbolism changes? What’s the net net?

        [b]I would be surprised if Elons political musings have much effect on Tesla buying. Not that it means anything. Ive been surprised a lot lately.[/b]

         
        I think it’s going to come now.
         
        Musk tweets encouragement for voters to vote Republican in the midterms.
         
         
        [link=https://twitter.com/AdamParkhomenko/status/1589655184459776006]https://twitter.com/AdamP…us/1589655184459776006[/link]
         
        Dem strategist Adam Parkhomento: “Yall might as well slap a Trump sticker on those teslas”
         
         
         

  • btomba_77

    Member
    May 22, 2022 at 4:56 am

    [link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fwww.forbes.com%2Fsites%2Fmattdurot%2F2022%2F05%2F20%2Fwhy-elon-musk-is-11-billion-poorer-friday%2F%3Fsh%3Db4cefb4380ad]https://www.forbes.com/sites/mattdur…h=b4cefb4380ad[/link]

    [i]Forbes[/i]:

    Teslas falling stock price Friday has more to do with a statement by Twitters board to the [link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fwww.nytimes.com%2F2022%2F05%2F17%2Fbusiness%2Felon-musk-twitter.html]New York Times[/link] late Tuesday, indicating that it intends to close the transaction and enforce the merger agreement between the company and Musk, disabusing Tesla shareholders of the notion that their CEO might walk away from his Twitter takeover and have one fewer distraction (Tesla shares sank by 6.8% the next day).

    The more likely it is that Twitter will sue to enforce its contract, then the more likely it becomes that Musk will be forced to settle at only a modest discount off the original (and now overly generous price), he says. If Musk were forced to settle at, say, $50 a share, he would be forced to sell a lot of his Tesla stock (which is his only real asset). That will drive the price down and some shareholders in anticipation of such sales are getting out early. (Musks $44 billion takeover offer was based on a price of $54.20 per share.)

    Twitters board hasnt elaborated further on its statement from Tuesday, so its unclear why Tesla investors view litigation as more likely than they did on Thursday, when shares remained relatively flat. But the social media companys stock did rise by 2.7% Friday, while the rest of the tech heavy Nasdaq edged 0.3% lower, suggesting that this is in fact the case (Twitters stock price has been almost entirely driven by the likelihood of the deal closing in recent weeks).

    • btomba_77

      Member
      June 17, 2022 at 3:58 am

       
      [link=https://www.theverge.com/2022/6/16/23170228/spacex-elon-musk-internal-open-letter-behavior] SpaceX employees draft open letter to company executives denouncing Elon Musk’s behavior

      [/link]
       As our CEO and most prominent spokesperson, Elon is seen as the face of SpaceX every Tweet that Elon sends is a de facto public statement by the company. It is critical to make clear to our teams and to our potential talent pool that his messaging does not reflect our work, our mission, or our values.
       

       
      12 hours later …
       
       
      [link=https://www.theverge.com/2022/6/17/23172262/spacex-fires-employees-open-letter-elon-musk-complaints] SpaceX fires employees who wrote open letter complaining about Elon

      [/link]
      Company cites overreaching activism.

    • btomba_77

      Member
      August 3, 2022 at 8:00 am

      [link=https://www.nytimes.com/2022/08/02/business/musk-banks-twitter-subpoena.html]https://www.nytimes.com/2…-twitter-subpoena.html[/link]

      Twitter is sending out dozens of subpoenas to banks, investors, and others. It wants to know if Elon Musk quietly abandoned his deal to acquire Twitter even before he told the company that’s what he was planning to do.

      [link=https://www.washingtonpost.com/technology/2022/08/01/musk-twitter-subpoena/]https://www.washingtonpos…musk-twitter-subpoena/[/link]

      Twitter is probing Elon Musks social circle in broad legal requests[/h1] [h2]Twitter has subpoenaed information about elite Silicon Valley investors Chamath Palihapitiya, David Sacks and Steve Jurvetson[/h2]  

    • btomba_77

      Member
      November 3, 2022 at 8:36 am

      Kudos to Elon Musk, who has begun a revolution in how the world drives and who has incredible visionary talents. I got an early Tesla and traded for another one. Wonderful cars (no autopilot for me, thanks). That said, when it comes to Twitter…

      ~ Stephen King, on Twitter

    • kayla.meyer_144

      Member
      November 7, 2022 at 12:33 pm

      Elon/Twit just suspended Cathy Griffens account because she posted parody about Elon???

      But dont worry, Elon said she can have her account back – if she wants it.

      [link=https://twitter.com/kylegriffin1/status/1589451325494153216?s=46&t=h–yJBBOdpzm_2Ksj7rNAQ]https://twitter.com/kyleg…h–yJBBOdpzm_2Ksj7rNAQ[/link]

      • kayla.meyer_144

        Member
        November 7, 2022 at 12:39 pm

        Further info, cant impersonate unless specified as parody.

        [link=https://www.wsj.com/articles/elon-musk-says-twitter-will-permanently-ban-users-who-impersonate-others-11667836289]https://www.wsj.com/artic…ate-others-11667836289[/link]

        Comedians may be confused by his policy change around impersonating accounts. Mr. Musk had tweeted on the day he completed his takeover: Comedy is now legal on Twitter.

        • satyanar

          Member
          November 7, 2022 at 1:08 pm

          Wasn’t he upset because Twitter banned The Babylon Bee? I guess people on the spectrum don’t understand satire.

          • btomba_77

            Member
            November 10, 2022 at 11:35 am

            [link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fwww.msn.com%2Fen-us%2Fmoney%2Fother%2Fthere-is-a-risk-our-advertising-would-appear-next-to-the-wrong-messages-companies-are-already-pulling-ads-off-twitter-because-of-hate-speech-concerns%2Far-AA13VNXP%3Focid%3Dmsedgntp%26cvid%3D43d7cb94c9914f1e82c5804c5a5d69bc]There is a risk our advertising would appear next to the wrong messages. Companies are already pulling ads off Twitter because of hate speech concerns [/link]
             
            ___________
             
            [link=https://www.bloomberg.com/news/articles/2022-11-10/chipotle-is-latest-company-to-pull-back-paid-ads-from-twitter] Chipotle Pulls Paid Ads From Twitter, Joining Other Companies

            [/link]
             
            United Airlines has also decided to suspend its ads on Twitter, according to [link=https://www.bloomberg.com/news/articles/2022-11-04/twitter-ads-in-limbo-as-major-brands-hbo-microsoft-evaluate-musk-s-overhaul#xj4y7vzkg]multiple[/link] [link=https://www.reuters.com/technology/united-airlines-suspends-ad-spending-twitter-2022-11-05/]reports[/link].
             
             
             
             
             
            [link=https://www.mediaite.com/news/elon-musk-panics-emailing-twitter-staff-economic-picture-is-dire-and-app-may-not-survive-downturn/]https://www.mediaite.com/…-not-survive-downturn/[/link]
             
            Elon Musk Emails Twitter Staff: Economic Picture is Dire and App May Not Survive Downturn[/h1]  
            hmmm… wonder why it’s in so much trouble all of a sudden?

            • btomba_77

              Member
              November 10, 2022 at 1:01 pm

              Several top privacy and security executives resigned from Twitter on Thursday, citing fears over the risks from Elon Musks leadership, in a stunning exodus that prompted federal regulators to warn they might step in.

              Chief Information Security Officer Lea Kissner [link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Ftwitter.com%2FLeaKissner%2Fstatus%2F1590706305102381058%3Fs%3D20%26t%3DumB5GSraEJZz16P7EoF4nw]tweeted [/link]that they had made the hard decision to resign, and the companys chief privacy officer and chief compliance officer also quit, according to screenshots of an employees internal Slack message shared with The Washington Post.

              One current Twitter employee said several other members of the sites privacy and security unit also had resigned, while another said those remaining were trying to stop a wave of abuse in the companys expanded paid service, Twitter Blue.

              The Federal Trade Commission, which reached its latest consent decree with Twitter in May, said it was tracking the developments at Twitter with deep concern.

              [link=https://www.flyertalk.com/forum/redirect-to/?redirect=https%3A%2F%2Fwww.washingtonpost.com%2Ftechnology%2F2022%2F11%2F10%2Ftwitter-security-resignations%2F]https://www.washingtonpost.com/techn…-resignations/[/link]

    • btomba_77

      Member
      November 11, 2022 at 8:27 am

      xxxxxxx dup

    • btomba_77

      Member
      November 11, 2022 at 8:27 am

      Elon musk is soothing nervous investors and bondholders this morning By trolling Elizabeth Warren on Twitter.

    • btomba_77

      Member
      November 15, 2022 at 9:35 am

      After losing billions in market cap when a fake account announced they would now make insulin free, Eli Lilly has pulled all advertising from Twitter a move that will cost the company millions on ad revenue

      But hey , musk got $8 out of it

      • Unknown Member

        Deleted User
        November 15, 2022 at 10:32 am

        And he is also a genius

    • btomba_77

      Member
      November 20, 2022 at 10:41 am

      [link=https://twitter.com/mollyjongfast/status/1594375248123920384?s=46&t=kLUU__hBzak9CbawCLnQQw]https://twitter.com/molly…kLUU__hBzak9CbawCLnQQw[/link]

      Elon Musk is becoming the my pillow guy in front of our very eyes

    • stlmchenry_510

      Member
      November 24, 2022 at 8:49 am

      This whole thing just reaffirms why I have minimal social media. Frankly, Elon Musk seems to care about himself and money-thats it. I recently read about this post-nuptial agreement he conned his first wife into signing before they were married. Who does that to the woman you supposedly love? Also, how many married women is he going to get with and break up their marriages? Thats just sick and beyond weird. I wouldnt be surprised if hes violated many peoples rights to make his fortune. The more and more I read about Teslas they seem like a moving death trap. Enough, though. There are more important things to worry about than Ebenezer Musksuch asHow and why does Pete Davidson have such good game? Seriously, what is going on there?!

    • stlmchenry_510

      Member
      November 26, 2022 at 10:33 pm

      Has anyone looked into the possibility that Elon Musk may in fact, be Hitler reincarnate?

      • btomba_77

        Member
        November 27, 2022 at 4:36 am

        He’s just an unconstrained billionaire with trollish instincts and a dash of racism who seems to be having some kind of psychological episode or decline.
         
         
         
         
         

        • kaldridgewv2211

          Member
          November 27, 2022 at 8:27 am

          Hes a paper Tiger. Without the Tesla stock hes nothing. And hes doing his damdest to wreck that stock too.

          • btomba_77

            Member
            November 27, 2022 at 9:22 am

            [link=https://twitter.com/RonFilipkowski/status/1596675465019887622]https://twitter.com/RonFi…us/1596675465019887622[/link]
             
            Kanye is not happy with Elon Musk: The issue I have is Elon wont reinstate Alex Jones. Alex Jones is a christian. But you have a person who doesnt believe that Christ is Lord going to buy an American media outlet & picking & choosing who can be on the platform. Jesus is Lord.

            • kaldridgewv2211

              Member
              November 27, 2022 at 12:25 pm

              Obviously his Christianity is what defines Alex Jones.

    • btomba_77

      Member
      November 29, 2022 at 11:23 am

      [link=https://twitter.com/karaswisher/status/1597308166290563077]https://twitter.com/karas…us/1597308166290563077[/link]

      “{Elon Musk} Frontloading a fight with [link=https://twitter.com/tim_cook]@tim_cook[/link] with specious nonsense isnt going to work. Why? For one, hes not a manic toddler hopped up on Twinkies and weaponry cosplay. Plus, no advertiser likes to spend their marketing money in a Thunderdome of toxic asininity.”

      • kayla.meyer_144

        Member
        November 29, 2022 at 11:30 am

        Ahh, Kara Swisher

        • kaldridgewv2211

          Member
          November 29, 2022 at 12:08 pm

          the biggest joke ever is Elon yapping about how he’ll make his own phone.  Let’s see there’s Apple, and there’s everyone else making an Android.  I’m sure Elon is going to crack into that market with no problem.

          • amyelizabethbarrett28_711

            Member
            November 29, 2022 at 3:51 pm

            I agree with that. No way he could pull that off. I guess technically he could pull off making a phone. Its not rocket science, which he has proven to be quite adept at. But busting into that market would be near impossible.

    • stlmchenry_510

      Member
      November 29, 2022 at 4:47 pm

      I would think he is too busy pretending he is George Washington, Skeletor, Doctor Manhattan and Iron Man.

      • btomba_77

        Member
        November 29, 2022 at 5:24 pm

        Hey. He spent $44bn on the thing and he’s hemorrhaging cash by the millions every day … at least he gets to enjoy being a troll while that happens. 

    • btomba_77

      Member
      December 20, 2022 at 1:04 pm

      [link=https://twitter.com/girlsreallyrule/status/1605237933648539651?s=46&t=VCXrUZgqdHE1rNLZLtaOgQ]https://twitter.com/girls…VCXrUZgqdHE1rNLZLtaOgQ[/link]

      Elizabeth Warren fires a shot at the Tesla board over oversight / Elon/ Twitter

      • Unknown Member

        Deleted User
        December 20, 2022 at 1:21 pm

        Muskie getting his clock cleaned at Tesla too

        Tesla stockholders must be just thrilled

        • btomba_77

          Member
          December 20, 2022 at 1:32 pm

          Quote from Chirorad84

          Muskie getting his clock cleaned at Tesla too

          Tesla stockholders must be just thrilled

          tsla down another 6.5% today

          yep. shareholders love it when you attack the high profile senators looking to regulate the business

          [link=https://www.businessinsider.com/elon-musk-elizabeth-warren-senator-twitter-tesla-2022-12]Musk: The US has been harmed by having Elizabeth Warren as a senator[/link]
          [link=https://www.businessinsider.com/elon-musk-elizabeth-warren-senator-twitter-tesla-2022-12]Musk’s response came after Warren wrote to Tesla’s board, saying his Twitter takeover[/link]

          • kaldridgewv2211

            Member
            December 20, 2022 at 2:06 pm

            Still hard to look past the photo of him, Kushner, and the Russian propaganda honey pot hanging with the Saudis at the World Cup.

            • amyelizabethbarrett28_711

              Member
              December 20, 2022 at 2:59 pm

              All of the traditional news outlets went bonkers over Elon Musk banning a few journalists for doxxing him and putting his kid in harms way. But radio silence when it comes to explicit FBI interference into the presidential election. Tells you all you need to know. They are all complicit.

    • btomba_77

      Member
      June 22, 2023 at 11:55 am

      [link=https://www.bbc.com/news/business-65981876] Elon Musk and Mark Zuckerberg agree to hold cage fight[/h3] [/link]
       

      • kaldridgewv2211

        Member
        June 22, 2023 at 12:05 pm

        I saw a little bit of this. Is it really going to happen. Two pasty tech bro puss pusses squaring up?

      • adrianoal

        Member
        June 22, 2023 at 4:22 pm

        Quote from dergon

        [link=https://www.bbc.com/news/business-65981876] Elon Musk and Mark Zuckerberg agree to hold cage fight [/link]

         
        not sure what this says about our world– is the whole world just a farce?

        • Unknown Member

          Deleted User
          June 22, 2023 at 6:32 pm

          Mid-life crisis of Aspergers Billionaires

          • stlmchenry_510

            Member
            June 22, 2023 at 8:01 pm

            People are focused on this crap instead of bringing back production and jobs to the US and ramping up the US workforce and economy.
            .

            • kaldridgewv2211

              Member
              June 23, 2023 at 5:15 am

              Heres a guy saying Elon brings alpha energy.

              [link=https://twitter.com/acyn/status/1672078303862063104?s=46&t=rWwiVdwocpuvqskgif1xxA]https://twitter.com/acyn/…rWwiVdwocpuvqskgif1xxA[/link]

              The sun will defeat both these pasty douches.

    • stlmchenry_510

      Member
      June 23, 2023 at 7:30 am

      Its weird how he keeps bringing up his Asbergers. I have a cousin with that whos a great kid-just can be a little socially awkward at times. Elon Musk just acts like a mean bully-then blames his bad behavior on his autism.

    • stlmchenry_510

      Member
      June 23, 2023 at 7:59 am

      The other thing I find interesting is that the mainstream media keeps touting how all these tech companies make their money from advertising, when in reality its most likely coming from the sale of your personal data.

      • kaldridgewv2211

        Member
        June 23, 2023 at 12:05 pm

        Theyd probably make a F ton of money by doing something like a joint PPV event on their platforms.

        • Unknown Member

          Deleted User
          June 23, 2023 at 12:21 pm

          Thats why I dont do it

    • stlmchenry_510

      Member
      June 23, 2023 at 4:29 pm

      Weve unwittingly sold our souls to social media and presented our economy to China in a pretty gift box.

  • btomba_77

    Member
    May 25, 2022 at 5:08 pm

    A shareholder rebuke of Musk –

    [h3][link=https://www.cnbc.com/2022/05/25/twitter-shareholders-vote-to-oust-silver-lakes-egon-durban-from-board.html]Twitter shareholders vote to oust long time Musk ally, Silver Lake’s Egon Durban, from Twitter Board[/link][/h3]

    [link=https://www.cnbc.com/quotes/TWTR]Twitter[/link] shareholders on Wednesday voted to boot Egon Durban, the co-CEO and managing director of private equity firm Silver Lake, from its board of directors as the company navigates through testy negotiations with would-be buyer [link=https://www.cnbc.com/elon-musk/]Elon Musk[/link].
     
    Durbans firm has worked on deals with Musk in the past. But the private equity businessman didnt receive enough votes from [link=https://www.cnbc.com/quotes/TWTR]Twitter[/link] investors at the companys shareholder meeting to be reelected to the board.
     
    The tally comes after Musk [link=https://www.cnbc.com/2022/05/19/tesla-investor-calls-for-stock-buyback-after-share-price-falls.html]agreed[/link] to buy Twitter in a deal worth $44 billion. News of the acquisition sent shock waves through Twitters investor base and across its workforce. But with Twitters stock falling alongside the rest of the market, Musk has since expressed deep reluctance about the deal, claiming the company hasnt been truthful or transparent about the prevalence of [link=https://www.cnbc.com/2022/05/17/elon-musk-says-twitter-deal-cannot-move-forward-until-he-has-clarity-on-bot-numbers.html]bots[/link] on the network.
    [/QUOTE]
     

  • btomba_77

    Member
    May 27, 2022 at 4:11 am

    Grammar matters:

    [link=https://twitter.com/elonmusk/status/1529869999803965446]https://twitter.com/elonm…us/1529869999803965446[/link]

    [link=https://www.nbcnews.com/business/business-news/jack-dorsey-leaves-twitter-board-rcna30520]Jack Dorsey exits Twitter’s board of directors[/link]

    • Unknown Member

      Deleted User
      May 29, 2022 at 4:40 am

      Good read on the Twitter situation

      [link]https://apple.news/Afa00a4yVTw66iClikMRGNw[/link]

  • btomba_77

    Member
    May 30, 2022 at 1:14 pm

    [link=https://www.bbc.com/news/business-61589229]Twitter investors sue Elon Musk and platform over takeover bid

    [/link]

    It accuses the Tesla boss of “wrongful conduct” as his “false statements and market manipulation have created ‘chaos’ at Twitter’s headquarters in San Francisco”.
     
    The proposed class action lawsuit was filed this week at the US District Court for the Northern District of California by investor William Heresniak, who said he was acting “on behalf of himself and all others similarly situated”.

    On Friday, Frank Bottini, who is one of the lawyers representing the Twitter investors, told the BBC that the lawsuit was filed as Mr Musk “continues to disparage the company he wants to buy for $44bn in an effort to renegotiate the purchase price”.

    [/QUOTE]
     

  • btomba_77

    Member
    June 2, 2022 at 3:41 am

    [link=https://slate.com/business/2022/06/elon-musk-twitter-stock-deal-wall-street.html]Will Elon Musk get out of the Twitter deal? Wall Street thinks so.

    [/link]

    We believe right now its 50-50 odds that he either walks away or renegotiates for a lower deal. Twitters board, in this circus-like atmosphere, their back is against the wall. Because they could fight Musk in court and try to adhere to the $54.20, but as a standalone company in the interim, Twitter stock probably would be sub-$30, as the Street anticipates a standalone Twitter rather than one thats bought by Musk. Snap, Twitters main competitor, [link=https://www.cnbc.com/2022/05/23/snap-shares-fall-as-ceo-says-company-will-miss-revenue-and-earnings-estimates-plans-to-slow-hiring.html]just announced potential disaster results[/link].
     
    Its caused chaos within the company, and ultimately, its put Twitters board in a quagmire. If they go down the old Western standoff with Musk, being the richest person in the world, theyre facing a fork-in-the-road situationif they try to test Musk. Right now, its a standstill, and thats why the stock is trading where it is.

    In 22 years doing it and hundreds of deals, nothing even comes close {to the level of uncertainty in this transaction}. Because just like you said, he agrees to the deal, waives the rights in black and white, and then essentially wakes up one day, gets cold feet, and, in our opinion, looks for a scapegoat. But when youre worth $250 billion, you can do that.

    [/QUOTE]
     

    • btomba_77

      Member
      June 4, 2022 at 9:19 am

      [link=https://www.cnbc.com/2022/06/03/heres-the-email-elon-musk-sent-all-tesla-employees-10percent-job-cuts.html]Elon Musk calls for 10% reduction in Tesla workforce[/link]
       
       
      [link=https://www.cnbc.com/2022/06/03/tesla-shares-dip-on-elon-musks-plans-to-cut-workforce.html]Tesla shares dip more than 9% on Elon Musks plans to cut workforce[/link]  

      • kaldridgewv2211

        Member
        June 4, 2022 at 10:24 am

        I think the day before is when he said everyone has to come back to the office. Hes obviously a smart guy but the way he conducts himself is just back arsewards. Like he needs to be in the news.

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