Elon Musk Agrees to $44b Deal for Twitter

[sickc0d3r]

The Democrat's handling of Covid, their absolute control of Big Tech and nearly all of MSM. There would never be a scenario where Biden or any Democrat would be removed from the speech platform Twitter. Shows you how powerful the Democrat Reich is at silencing their opposition. 1940's east Germany tactics. Fuck, they even wanted to launch a Ministry of Truth. INSANE!

Trump was president during the covid outbreak. Are you saying the people who manage or own these companies are democrats, and they are crowding out republican speech regardless of how that affects profit?

 

[brackis1]

Slightly off topic, but Elon's Neuralink is going live soon with a new show and tell.

Show and tell is something elementary school minds are very familiar with. This will be a hit with small minds.

 

[Loiosh]

Show and tell is something elementary school minds are very familiar with. This will be a hit with small minds.

This was the experiment that killed the thousands of monkeys, right? With the 98% fatality rate?

 

[brackis1]

This was the experiment that killed the thousands of monkeys, right? With the 98% fatality rate?

No Elon's fans are still very much alive.

 

[Loiosh]

No Elon's fans are still very much alive.

That's mean.

 

[Fox by the Sea]

No Elon's fans are still very much alive.

well fuck me. brakis did a good one.
i legit laughed.

 

[panamaican]

I didn't know that, interesting. I still agree with the baker. No business should have to associate themselves with something that they find offensive. I don't really care about the religion defense.

Not to derail this thread but in the baker case there was a state level law that was being violated. For Twitter, there isn't anything that prevents them from doing what they want regarding moderating and banning.

 

[Dizzy]

It’s been pretty funny to see what’s left of Twitter’s advertisements after the mass exodus of companies not wanting to be associated with the growing cesspool.. It’s basically crypto bros, religious zealots, and right wing nut jobs.

Perfectly sums things up.

 

[Loiosh]

Left-Wing Voices Are Silenced on Twitter as Far-Right Trolls Advise Elon Musk

I've been seeing quite a few accounts suspended because Andy Ngo said they were bad, no violations of the rules necessary.

I guess when conservatives say free speech all they really want is control, rules be damned.

 

[Revolver]

 

[Joe]

These are the fun times!

 

[Lead]

Question: does anyone here think Twitter will file bankruptcy and if so, how fast do you think it will occur?

 

[genecop]

Question: does anyone here think Twitter will file bankruptcy and if so, how fast do you think it will occur?

Not happening, unless he can walk away with a profit…

 

[HereticBD]

Question: does anyone here think Twitter will file bankruptcy and if so, how fast do you think it will occur?

It's too big, and he's too wealthy. He's in a unique position, where he can offset any short term losses by virtue signaling advertisers. The incredibly massive audience for their ads will always be there(because they're addicts in every sense of the word), so the advertisers will be back eventually. You can't fuck with the richest man on Earth, managing a platform with 230+ million users.

This will be realized shortly, and then the totally non-fascist left wing government, who has absolutely no interest in controlling speech, will start fucking with him.

 

[Rational Poster]

It's too big, and he's too wealthy. He's in a unique position, where he can offset any short term losses by virtue signaling advertisers. The incredibly massive audience for their ads will always be there(because they're addicts in every sense of the word), so the advertisers will be back eventually. You can't fuck with the richest man on Earth, managing a platform with 230+ million users.

This will be realized shortly, and then the totally non-fascist left wing government, who has absolutely no interest in controlling speech, will start fucking with him.

Cool fan fiction

 

[Bia]

He been sued a few times and harassed,
He has spent eight years fighting three separate legal battles against LGBT activists who want to destroy him and his business.

quite surreal the LGBQT community coming from "please accept us, treat us as one of you" to current day "if you speak mean or not acknowledge us, we'll destroy your livelihood"

 

[eddymotto]

Question: does anyone here think Twitter will file bankruptcy and if so, how fast do you think it will occur?

I think bankruptcy is highly highly unlikely

The easiest way to think about it is to focus on the $13B senior secured debt. The bank have been trying to unload that debt at 50-60 cents.

In a worst case scenario, Musk could buy up the debt for, say, $7B. The $1.3B of annual interest payments disappear & Twitter would have time to turn around its operations.

This is not some genius business move. Musk would have to sell assets to raise the cash. His main liquid asset is Tesla shares. Musk triggers tax gains with those sales. Let’s say that $7B costs him $12B overall by the time he pays his taxes. Furthermore, the sale of shares likely cuts the valuation of Tesla thereby further reducing Musk’s net worth.

This is a fancy way of saying that Musk has the financial resources to buy himself out of any immediate trouble at Twitter. It may or may not be throwing good money after bad money but he can definitely do it

EDIT: I have read 2 different "genius Musk" scenarios that are worthy of mention (actually they are prob not worthy but I will do it anyway)

1. Musk puts Twitter into bankruptcy and then buys Twitter back at a fraction of the cost. This is not how corporate bankruptcy works.

2. Twitter defaults on interest payments but Musk wins a game of brinkmanship with the banks. The banks are somehow so beholden to Musk's genius or so thirsty to underwrite a future SpaceX IPO that they stand down rather than face the wrath of Musk. I guess nothing is impossible but in 99% of scenarios they take the company or sell the debt to vulture funds who will definitely take the company (that is what they do). Musk and his equity partners are out.

 

[Terry Noonan]

I think bankruptcy is highly highly unlikely

The easiest way to think about it is to focus on the $13B senior secured debt. The bank have been trying to unload that debt at 50-60 cents.

In a worst case scenario, Musk could buy up the debt for, say, $7B. The $1.3B of annual interest payments disappear & Twitter would have time to turn around its operations.

This is not some genius business move. Musk would have to sell assets to raise the cash. His main liquid asset is Tesla shares. Musk triggers tax gains with those sales. Let’s say that $7B costs him $12B overall by the time he pays his taxes. Furthermore, the sale of shares likely cuts the valuation of Tesla thereby further reducing Musk’s net worth.

This is a fancy way of saying that Musk has the financial resources to buy himself out of any immediate trouble at Twitter. It may or may not be throwing good money after bad money but he can definitely do it

He is partnered with the saudis, no? They’ll easily be looking into buying any debt at a discount and converting it to equity. They’re richer than Elon. Money to them isn’t real. They just produce more oil. Or slash production to drive the price up, to earn more.

 

[brackis1]

He is partnered with the saudis, no? They’ll easily be looking into buying any debt at a discount and converting it to equity. They’re richer than Elon. Money to them isn’t real. They just produce more oil. Or slash production to drive the price up, to earn more.

yep; Saudis own a stake.
He is such a snake. Pretend to disparage them while being buddies. They propped up Tesla for a while too. Gotta love a conman and a foreign dictatorship co-owning a massive internet soapbox.

Just like all the Musk lemmings were like "yeah go Elon; fight Apple theyre gonna deplatform you!"...2 days later he is elephant-walking thru the campus with Tim Cook and confirms there was no such threat just him creating victim complex dogwhistles for his schizo retard fans.

 

[genecop]

yep; Saudis own a stake.
He is such a snake. Pretend to disparage them while being buddies. They propped up Tesla for a while too.

Just like all the Musk lemmings were like "yeah go Elon; fight Apple theyre gonna deplatform you!"...2 days later he is elephant-walking thru the campus with Tim Cook and confirms there was no such threat.

Nice to see such passion…