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Twitter Office Supply Auction

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Re: Twitter Office Supply Auction

#51
post #11

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…

TSLA was always going to go down since it was (and probably still is) way overpriced. In fact I think a large part of why he started this twitter saga was to have an excuse to offload a bunch of stock at the top. He probably then hoped to get more people into the deal with him, so he could keep some billions left over.

Re: Twitter Office Supply Auction

#53
post #49

A 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.

> 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

#56
post #49

Earlier 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.

No post body was provided.

Re: Twitter Office Supply Auction

#57
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'm surprised nobody walked out the door with it as a trophy. It's not unusual for things to go missing when a company goes through an acquisition.

Re: Twitter Office Supply Auction

#58
post #11

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…

What if distracting the CEO is good for operations?

Re: Twitter Office Supply Auction

#60
post #28

This 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.

yeah remember when the herman miller aeron was the ultimate .com status symbol? After the bust you could find those on the side of the road for a while.
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