The should be, otherwise they're facing a lot of legal issues.
Twitter re-examines Elon Musk’s bid, may be more receptive to a deal
201–210 of 348 posts
Re: Twitter re-examines Elon Musk’s bid, may be more receptive to a deal
#202Earlier quoted context omitted.
In his latest TED interview [0], Musk said that he had the funding secured for that Tesla private offering. He said that he needed to settle with the SEC so that they wouldn't freeze Tesla's bank accounts, and as part of the settlement he needed to publicly say that he hadn't secured funding. I don't think he's lying. 0: https://www.youtube.com/watch?v=cdZZpaB2kDM
Why would the SEC block Tesla accounts? The SEC is imposing fines. I call Musks statement a lie.
I probably didn't get the wording right (just paraphrased from memory). But watch the TED interview I linked to get more info.
Re: Twitter re-examines Elon Musk’s bid, may be more receptive to a deal
#203Earlier quoted context omitted.
Which new markets, after paypal? Cars? Rockets that go into space? Solar on roofs? Things carrying people through tunnels? And in all the successful cases he had massive contributions by others. He provided the money, which is huge in itself. The actual work eas done by others, and the fact the Musk fails to properly say so, and that his fanboys believe every single of his claims, truely makes him the Steve Jobs of 2…
>Which new markets, after paypal? Cars? Rockets that go into space? Yes and yes >The actual work eas done by others, and the fact the Musk fails to properly say so, Give me one instance where Musk denies the work of his friends and colleagues at SpaceX and Tesla please, because this post reek of bad sentiment and an awful take.
I never said he denies it, did I? I sadi, quote, "and the fact the Musk fails to properly say so". To elaborate, Musk takes all the line light in the public for himself, he gets all the hype. Shotwell gets a little bit of it, and that's it then.
Re: Twitter re-examines Elon Musk’s bid, may be more receptive to a deal
#204Earlier quoted context omitted.
> The cost to code and market a Twitter clone would be a tiny fraction of $45b. No it wouldn't. Literally tons of people would do it and plenty of competitors have tried or are trying. Per the value of the userbase and the cost of switching: well look at some of the competitors I mentioned, the ones Joe Rogan and others flock too when they get a temporary Twitter ban, do they not return immediately after their ban is…
This argument is double edged. If on the one hand you argue that the free speech twitter clones are uncompelling, you have to also agree that the proposed features are inconsequential, no? What's the point of Elon shaking things up? I also think its odd to mix altruistic ideas like free speech platforms with profitable network effects. If it's just about speech, why can't such a platform co-exist with Twitter? Why do…
>If on the one hand you argue that the free speech twitter clones are uncompelling, you have to also agree that the proposed features are inconsequential, no?
No? It is entirely possible to imagine consequential features that are uncompelling: Actively hostile features.
>I also think its odd to mix altruistic ideas like free speech platforms with profitable network effects. Why does it need to overtake Twitter?
What is the value in Twitter over the "free speech" clones if Twitters audience doesn't have value? Does Twitter have such unique features that couldn't be replicated much cheaper than the buy price?
Re: Twitter re-examines Elon Musk’s bid, may be more receptive to a deal
#205Earlier quoted context omitted.
The problem with lending to him is most of his assets are TSLA shares. It's arguably absurdly overvalued as an automaker, and any effort to liquidate his position would be expensive since it would drive the price down. Someone did it, but I'm sure some people passed. As someone else pointed out, TWTR isn't a great purchase, either. Its ad revenue isn't great, so if he defaults on the loan, the lender is stuck with an…
Tesla is a strategic asset for the US and for the West more generally speaking, even more so than SpaceX at this point, I personally don’t think it will be allowed to tank/go under. I do agree that the stock is way over-valued when looking only at the economic fundamentals, but when one balances out the “the Chinese have all this battery thing all figured out!” vs “we only have Tesla on our side!” then things are dif…
> Tesla is a strategic asset for the US and for the West more generally speaking
How so ? It's a car company, there are dozen of them making equally good, if not better, cars. Autopilot is useless and electric cars are already there. You can credit them for the democratisation of EV but that's about it
Re: Twitter re-examines Elon Musk’s bid, may be more receptive to a deal
#206Earlier quoted context omitted.
Really hard to imagine the richest and most accomplished dude on the planet not being able to secure funding. Somehow people still think he’s just a showman. At some point in time, accomplishments can’t be explained away
Yes, Tesla is very good at securing funding: https://realmoney.thestreet.com/investing/stocks/tesla-s-mai... "Congratulations, Mr. and Mrs. Heartland America, you have just subsidized a bunch of millionaires living in California's most expensive coastal ZIP codes to the tune of $10,197 per car. I'm sure they are sending you a thank-you card." It would be hilarious if it turns out that the government is interested in…
(2018)
Re: Twitter re-examines Elon Musk’s bid, may be more receptive to a deal
#207I guess HN was wrong (top comments) that Musk couldn't possibly have a way to finance his deal. And here we are.
Really hard to imagine the richest and most accomplished dude on the planet not being able to secure funding. Somehow people still think he’s just a showman. At some point in time, accomplishments can’t be explained away
It's still a huge gamble for him and his backers. Twitter while immensely important to the world in terms of reach -- it got Trump elected -- does not make money well... let's see what he does. I've come to terms with him buying it. I'll go elsewhere if it gets shitty.
Re: Twitter re-examines Elon Musk’s bid, may be more receptive to a deal
#208The valuation for Twitter seems to be basically fair, so it wouldn't be surprising to see this deal eventually close. I think it's fair to say most people's view was that the biggest barrier to closing the deal was Musk actually making an honest offer. Which now, with Morgan Stanley actually standing behind the offer, looks more or less certain. So really it's going to be down to details which are unlikely to be an i…
> Which now, with Morgan Stanley actually standing behind the offer, looks more or less certain
Morgan Stanley only covers part of the total deal and Musk still needs to find a solid 21 billion from somewhere. That's probably doable for him but definitely not easy. I don't see it as "more or less certain" at least..
Re: Twitter re-examines Elon Musk’s bid, may be more receptive to a deal
#209Earlier quoted context omitted.
Really hard to imagine the richest and most accomplished dude on the planet not being able to secure funding. Somehow people still think he’s just a showman. At some point in time, accomplishments can’t be explained away
Accomplished? He's got money and hired some smart people. And tech media is more than happy to ignore all the stupid shit he's done and tried.
"He's got money and hired some smart people."
Ever tried to count all the failed businesses that did the same?
The attrition rate of technological startups that match your description is insane. How many space startups from the early 2000s do even exist today?
Re: Twitter re-examines Elon Musk’s bid, may be more receptive to a deal
#210The should be, otherwise they're facing a lot of legal issues.
No matter what Twitter does, they face legal issues. They are stuck between a rock and a hard place.
If they accept the deal at the proposed price, then the board will definitely get sued by the ones who bought TWTR at a higher valuation. If they refuse the deal, then the board will definitely get sued by people who bought TWTR at a lower valuation. No matter what they'll do, there's going to be _someone_ who's going to sue them.