Non Footy Chat Thread II

[Bandwagon]

People with that much money tend to not waste it, money is their religion so I believe he bought into it with the intention of making a few more billion, he is just not very good at social media shit

Could be that it's a plaything, or an ego thing, but agree entirely, there's no way he does that deal expecting to drop anywhere near that amount of coin, it's just not how that shit works.

I'd hazard a guess his indicating now to moving aside from running the joint is down to how the whole deal is affecting Tesla's share price. That fall has cost him a fair bit of coin, and he's been selling down his shareholding presumably to meet the bills at the bird. Which means those losses aren't just on paper, they're realised.

 

[strider]

He is probably just setting it all up to appoint someone as CEO who all the cry babies will flip out over .... he has a sense of entertainment about him

 

[Bandwagon]

He is probably just setting it all up to appoint someone as CEO who all the cry babies will flip out over .... he has a sense of entertainment about him

That's a nice thought, but reality is either he makes it work or he loses a shit ton of cash.

Now it might well be that he believes a move like that will drive numbers, and I wouldn't discount that, but it's a fine line to walk because numbers don't mean shit unless you're driving ad sales with them, and if it gets to toxic, advertisers will walk.

I know there's this whole messiah complex thing going on for Musk stans, but I wouldn't be buying into it. Tesla's market cap has dropped 600 Billion US from peak earlier in the year, that's like 65%, and Musk still holds like 15 odd percent of that, despite selling down a fair bit over the year.

 

[Cloeel]

People with that much money tend to not waste it, money is their religion so I believe he bought into it with the intention of making a few more billion, he is just not very good at social media shit

I don't think Elon bought twitter to profit off it within 3 months or; ever for that matter.

Billionaires are definitely wasters of money, they just make more than they lose. The stakes are higher and the potential financial reward reflects this. Billionaires become billionaires by the value they provide on an extreme scale - not by being frugle.

It is also completely unlike Elon to wave the White flag. He is an extremely calculated individual; every move he makes is strategic. Probably why he is one of the richest men in the world.

 

[Cloeel]

That's a nice thought, but reality is either he makes it work or he loses a shit ton of cash.

Now it might well be that he believes a move like that will drive numbers, and I wouldn't discount that, but it's a fine line to walk because numbers don't mean shit unless you're driving ad sales with them, and if it gets to toxic, advertisers will walk.

I know there's this whole messiah complex thing going on for Musk stans, but I wouldn't be buying into it. Tesla's market cap has dropped 600 Billion US from peak earlier in the year, that's like 65%, and Musk still holds like 15 odd percent of that, despite selling down a fair bit over the year.

Businesses go through peaks and troughs all the time. It is not unusual for large organisations to go through years or even decades of what looks like steady/fast decline - only to revolutionise and become bigger. Macroeconomics is a huge factor on any listed organisations stock price.

Not sure why Tesla would be any different too pretty much every other business on the planet.

 

[Bandwagon]

Businesses go through peaks and troughs all the time. It is not unusual for large organisations to go through years or even decades of what looks like steady/fast decline - only to revolutionise and become bigger. Macroeconomics is a huge factor on any listed organisations stock price.

Not sure why Tesla would be any different too pretty much every other business on the planet.

I don't think I said it is.

It's f**king obvious that cheap money has driven up asset prices beyond reasonable value, and so it would follow that now money isn't so cheap assets that were overvalued in a historical sense would drop or tread water for the most part.

It wasn't my point that Musk was completely responsible for the fall in Tesla's value, the point was that fall has cost him a lot of money, and to think that burning 44 billion on Twitter to make some ridiculous point was in the plans is delusional shit.

 

[Cloeel]

I don't think I said it is.

It's f**king obvious that cheap money has driven up asset prices beyond reasonable value, and so it would follow that now money isn't so cheap assets that were overvalued in a historical sense would drop or tread water for the most part.

It wasn't my point that Musk was completely responsible for the fall in Tesla's value, the point was that fall has cost him a lot of money, and to think that burning 44 billion on Twitter to make some ridiculous point was in the plans is delusional shit.

Musk "burning" 44 Billion on Twitter - the bloke has barely got his feet under the desk. Surely it takes more than a few months when taking over a billion dollar company too sort yours and the organisations shit out?

 

[Poupou Escobar]

I don't think I said it is.

It's f**king obvious that cheap money has driven up asset prices beyond reasonable value, and so it would follow that now money isn't so cheap assets that were overvalued in a historical sense would drop or tread water for the most part.

It wasn't my point that Musk was completely responsible for the fall in Tesla's value, the point was that fall has cost him a lot of money, and to think that burning 44 billion on Twitter to make some ridiculous point was in the plans is delusional shit.

What’s the point of being that rich if not to have expensive hobbies? Some people buy a boat, some buy Manchester City, others buy Twitter.

 

[Poupou Escobar]

Musk "burning" 44 Billion on Twitter - the bloke has barely got his feet under the desk. Surely it takes more than a few months when taking over a billion dollar company to sort yours and the organisations shit out?

It’s the same as when rich capitalists buy a bunch of companies and some of them go broke. Resentful NPCs are all “Ha ha rich merkin!” not realising failed assets is part of the business model. All that matters is the total value of the portfolio over the long term.

 

[Bandwagon]

Musk "burning" 44 Billion on Twitter - the bloke has barely got his feet under the desk. Surely it takes more than a few months when taking over a billion dollar company too sort yours and the organisations shit out?

I don't think you're reading the discussion to well here, I'm not the one suggesting he has done or can afford to.

 

[Bandwagon]

What’s the point of being that rich if not to have expensive hobbies? Some people buy a boat, some buy Manchester City, others buy Twitter.

Again, that's not got a lot to do with what I'm saying, For example....

Could be that it's a plaything, or an ego thing, but agree entirely, there's no way he does that deal expecting to drop anywhere near that amount of coin, it's just not how that shit works.

Has English all of a sudden become a second language in this thread?

 

[Poupou Escobar]

The point is he doesn't have to sell. He's had his fun, made his point, exposed the shady dealings of the previous management (and their political allies) and now he still owns the company. He can appoint a CEO and carry on with his business. How long does he need to wait until it's profitable? We are in an economic downturn anyway. He has at least reduced Twitter's bloated operating expenses.

 

[Gary Gutful]

Twitter went downhill after all the good posters left...

 

[the phantom menace]

When you're that rich you can afford to drop $44B to prove a point. Whatever it is.

Maybe... if the point is that he's mega dumb to spend that amount of money to help the entire world realise he's a dipshit?

 

[I'm a loser baby...]

Twitter went downhill after all the good posters left...

 

[Poupou Escobar]

View attachment 68883

I miss him so much. f**k he was funny.

 

[Poupou Escobar]

Maybe... if the point is that he's mega dumb to spend that amount of money to help the entire world realise he's a dipshit?

I don’t think anyone has changed their mind about him since he bought Twitter. But merkins thinking it’s all about money miss the point:

Elon Musk says his offer to buy Twitter is about ‘the future of civilization,’ not making money | CNN Business

Elon Musk defended his offer to purchase Twitter on Thursday, saying during an on-stage interview at the TED conference that he sees the acquisition as nothing less than a turning point for civilization.

amp.cnn.com

 

[I'm a loser baby...]

I miss him so much. f**k he was funny.

I'm sure his ban got lifted. Maybe he hasn't returned though.

 

[Twizzle]

 

[I'm a loser baby...]

I wonder what the result would have been without bots.