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Twitter Office Supply Auction

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Re: Twitter Office Supply Auction

#11

Post by pavlov »

ShivShankaran wrote: post #5

I am struggling to think how Elon is going to pay the interest on the loan he took for buying Twitter. On other hand his collateral , tsla stock, is crashing. He got carried away to make this purchase during the rising tide of covid bull market. I suspect this is going to severely affect both tsla and twtr

Apparently he’s looking to replace some of the expensive debt with new margin loans backed by his TSLA shares:

https://www.bloomberg.com/news/articles/2022-12-08/musk-bank...

IMO this Twitter deal has been nothing but bad news for Tesla shareholders. The CEO is completely distracted and forced to sell his shares, and the company has been dragged into stupid culture wars. Tesla brand perception has crashed among Democratic-voting Americans who previously were its biggest supporters.

It’s hard to believe he spent $44B and crashed his car company’s valuation and personal reputation just to bring back Babylon Bee’s trans harassment onto an also-ran social media platform. It’s even harder to believe that some people fantasize about moving to a Mars colony where a person with this kind of judgment is king.

Re: Twitter Office Supply Auction

#13

Post by SilverBirch »

This is pretty unsurprising, they're not really going to raise any serious money from this (what do we reckon? 1FTE Salary at most?) but they've got office space for 7.5k people and less than 3k less. Musk keeps saying "If you code come to the 10th floor" - which basically implies that their entire team of engineers fit onto 1 floor of the building and that there a load of empty floors now that don't need kitchens or desks or chairs.

Re: Twitter Office Supply Auction

#14

Post by LightG »

kzrdude wrote: post #4

Selling off a twitter bird statue makes it look bad. What a signal that the company doesn't believe in itself anymore.

I heard they need the space to replace it with this:

https://edition.cnn.com/videos/business/2022/12/02/elon-goat...

(ultimate ... infinite ... cringe)

Re: Twitter Office Supply Auction

#16

Post by LightG »

criddell wrote: post #8
ShivShankaran wrote: post #5

I am struggling to think how Elon is going to pay the interest on the loan he took for buying Twitter. On other hand his collateral , tsla stock, is crashing. He got carried away to make this purchase during the rising tide of covid bull market. I suspect this is going to severely affect both tsla and twtr

Before launching a GoFundMe for Elon, consider that when it’s that much money Elon doesn’t really have a problem, the bankers do. No matter what happens, Elon is going to be just fine.

Only if you consider that your reputation doesn't matter ... (and I mean beyond just the 'yes people')

Re: Twitter Office Supply Auction

#17

Post by gonzo41 »

SilverBirch wrote: post #13

This is pretty unsurprising, they're not really going to raise any serious money from this (what do we reckon? 1FTE Salary at most?) but they've got office space for 7.5k people and less than 3k less. Musk keeps saying "If you code come to the 10th floor" - which basically implies that their entire team of engineers fit onto 1 floor of the building and that there a load of empty floors now that don't need kitchens or…

Wouldn't it just be smarter to sublet the space and fill up the building. Rather than having empty floors on a building you barely use.

Re: Twitter Office Supply Auction

#18

Post by pickingdinner »

I would love to have a twitter bird. Only because it's the carcass of its older self. Really wish they update the logo soon.

To imagine this is even news. Most companies get rid of their stuff all the time in many different ways, mostly discretely and with absolutely no interest from the public, which result in the same thing. No news.

But Elon has learned the Trump card. Any news is attention, and the game isn't in good vs evil, moral vs immoral, tyrant vs iron man. It's being in the news, and making people debate exactly that.

And since hate travels broader and faster than praise, at least on social media, here we are.

Negativity First™

Re: Twitter Office Supply Auction

#19

Post by gonzo41 »

pavlov wrote: post #11
ShivShankaran wrote: post #5

I am struggling to think how Elon is going to pay the interest on the loan he took for buying Twitter. On other hand his collateral , tsla stock, is crashing. He got carried away to make this purchase during the rising tide of covid bull market. I suspect this is going to severely affect both tsla and twtr

Apparently he’s looking to replace some of the expensive debt with new margin loans backed by his TSLA shares: https://www.bloomberg.com/news/articles/2022-12-08/musk-bank... IMO this Twitter deal has been nothing but bad news for Tesla shareholders. The CEO is completely distracted and forced to sell his shares, and the company has been dragged into stupid culture wars. Tesla brand perception has crashed among Democ…

I work with scientists. Everyone who got a tesla feels a bit off about owning it now. Many jokes are had about being a musketeer, and the rise of twitler etc.

It's all jokes, but then at the end of the day, everyone else drives home in some other car and they don't know what the CEO said about "tweet of the day" etc. Yet Musk is all in everyones face all the time. It doesn't seem to be a winning strategy at the moment.

Re: Twitter Office Supply Auction

#20

Post by sethd »

ShivShankaran wrote: post #5

I am struggling to think how Elon is going to pay the interest on the loan he took for buying Twitter. On other hand his collateral , tsla stock, is crashing. He got carried away to make this purchase during the rising tide of covid bull market. I suspect this is going to severely affect both tsla and twtr

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