Elon Musk buys Twitter for $44 billion

[Blarg]

[Taylor]

19 hours ago, Blarg said:

B. Larg

[Redondo]

Elon Musk banks almost $12B of Tesla money in seven days

Tesla shares rally after electric vehicle company clears $24B in fourth quarter revenue

The most recent filings show Musk holds 423,622,000 shares in Tesla worth $53.87 billion as of close of trading on Jan.19. The total value of those holdings jumped to $67.89 billion based on Thursday’s closing price.

The weekly total doesn’t account for Musk’s other assets and liabilities as CEO of SpaceX and Twitter, founder of The Boring Company, and co-founder of Neuralink and OpenAI. Forbes lists Musk’s overall worth at $168.7 billion.

https://www.foxbusiness.com/markets/elon-musk-banks-12b-tesla-money-seven-days

[Blarg]

1 hour ago, Redondo said:

Elon Musk banks almost $12B of Tesla money in seven days

He's buying the Angels and the city of Anaheim!

[gotbeer]

Jury clears Musk of wrongdoing related to 2018 Tesla tweets

[Rico]

Oh, the Twitter files didn't cover this.  Also Twitter completely broke earlier today. 

[St1ck]

 

 

 

[Jason]

34 minutes ago, St1ck said:

 

 

 

Three insults? When I was on Twitter I got suspended for this one 

[Blarg]

Yeah, that's pretty harsh. 

[cals]

2 hours ago, Jason said:

Three insults? When I was on Twitter I got suspended for this one 

“My” is misspelled for some reason.

[Jason]

8 hours ago, cals said:

“My” is misspelled for some reason.

 

[Redondo]

White House dangles $7.5B Tesla subsidy to Elon Musk

Tesla founder Elon Musk could miss out on a major windfall if the company keeps its electric charging stations exclusive.

President Biden's Department of Transportation is set to offer $7.5 billion in subsidies aimed at propagating electric vehicle charging facilities nationwide, Reuters reports, citing administration officials.

[Taylor]

Elon is really turning things around!

WSJ: Twitter’s Revenue, Adjusted Earnings Fell About 40% in Month of December

[Blarg]

I guess you practice inclusiveness it makes you unpopular. Twitter was  more profitable when it was exclusionary. 

[Taylor]

19 minutes ago, Blarg said:

I guess you practice inclusiveness it makes you unpopular. Twitter was  more profitable when it was exclusionary. 

Sounds like the previous guys were better at running a business.

[Blarg]

Like business that have private clubs, they do better when they can pick and choose their members based on a exclusive criteria. Billionaires will be billionaires but when they start playing in the inclusiveness game like socialists they lose money.  Who would have thought?

[Jason]

Twitter was an echo chamber for the left and that’s now gone so it makes sense that its value has plummeted. Maybe it makes a bit of a comeback but we’ll have to wait and see. Personally, I think Twitter will go the way of My Space and the world will be better for it 

[gotbeer]

Who ever thought bots could make so much money?  Well, besides every foreign telemarketing center calling 10x a day.

[Taylor]

I'm not sure about you guys, but I measure a businessperson's success at business by their ability to turn a profit. So either Elon is a terrible businessman, or ...

[Jason]

14 minutes ago, Taylor said:

I'm not sure about you guys, but I measure a businessperson's success at business by their ability to turn a profit. So either Elon is a terrible businessman, or ...

He’s been pretty successful at turning profits and building up his brand. Twitter has changed and many leftist users and advertisers dumped it. I’m certain he knew that would happen. He has rebranded it and will need more people to sign up for it that previously weren’t using it. Even the conservatives that left the platform before he acquired it likely won’t be back so I have my doubts it will return to what it was in terms of users. Depending on how he runs it, it could still be profitable. 

[Taylor]

1 minute ago, Jason said:

He’s been pretty successful at turning profits and building up his brand. Twitter has changed and many leftist users and advertisers dumped it. I’m certain he knew that would happen. He has rebranded it and will need more people to sign up for it that previously weren’t using it. Even the conservatives that left the platform before he acquired it likely won’t be back so I have my doubts it will return to what it was in terms of users. Depending on how he runs it, it could still be profitable. 

So he spent $50B on a product that he knew would lose money. Doesn't sound like a smart businessman to me.

[Jason]

1 minute ago, Taylor said:

So he spent $50B on a product that he knew would lose money. Doesn't sound like a smart businessman to me.

Honestly, I have no idea why he bought it. He doesn’t need the money it could bring and I think he did it because he could. Like I said, maybe the way he rebrands it will be profitable in the future 

[AngelsLakersFan]

Elon had too much money and decided to just start setting as much of it on fire as he could.

[gotbeer]

1 hour ago, Jason said:

Honestly, I have no idea why he bought it. He doesn’t need the money it could bring and I think he did it because he could. Like I said, maybe the way he rebrands it will be profitable in the future 

Tax write off.  He just paid tens of billions in taxes to the feds from profits.  Now he gets it all back, with business losses.  Twitter is the white whale that rich people look for to invest a little, and to keep the tax man at bay and keep their profits from their profitable ventures.  

[RallyMo]

Holy shit. How has this guy not learned to shut the fuck up until he actually knows what he’s talking about when taking highly public shots at people? He’s gonna have to adjust his approach here. @cals, put your name in the hat for consideration as this man’s counsel: