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…
Twitter Office Supply Auction
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Re: Twitter Office Supply Auction
#52Re: Twitter Office Supply Auction
#53A useful comparison for discussion:reddit has 700 employees and twitter had 7000.
Reddit has an army of unpaid moderators. Not to mention the Reddit users who upvote and downvote. Also, politicians and other important public figures don't use Reddit like they use Twitter.
I think that may change in the future. Many politicians, including prominent ones, have done AMAs. Arnold Schwarzenegger is a semi regular. The Sergeant Major of the US Army is a regular. Rick Astley is a semi regular. Verne Troyer was a regular before he died.
Re: Twitter Office Supply Auction
#54Re: Twitter Office Supply Auction
#55Twitter wasted money on shit that didn’t matter for years.
Re: Twitter Office Supply Auction
#56Earlier quoted context omitted.
Reddit has an army of unpaid moderators. Not to mention the Reddit users who upvote and downvote. Also, politicians and other important public figures don't use Reddit like they use Twitter.
> Also, politicians and other important public figures don't use Reddit like they use Twitter I think that may change in the future. Many politicians, including prominent ones, have done AMAs. Arnold Schwarzenegger is a semi regular. The Sergeant Major of the US Army is a regular. Rick Astley is a semi regular. Verne Troyer was a regular before he died.
Re: Twitter Office Supply Auction
#57Selling off a twitter bird statue makes it look bad. What a signal that the company doesn't believe in itself anymore.
Re: Twitter Office Supply Auction
#58I 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…
Re: Twitter Office Supply Auction
#59Re: Twitter Office Supply Auction
#60This reminds of the .com crash days so much. There were endless auctions and sales of office furniture, etc. I don’t even think a lot of it got sold as demand was so low and supply so high. I heard stories of people buying chairs that cost $1k for $25, etc.