71–80 of 324 posts
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.
Do they ship? I can’t find any details.
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…
It’s a company that sells cars mostly to yuppies and woke buerguesie who drive the cars as a statement.
Now it’s time to let this bird fly and see if it survives, for that it needs to appeal to the mass market and not just the ones who “move to Canada” every 4 years.
Tesla stock like every stock is (over)valued based on the future, and at this point de-Musking Tesla a little bit could be the thing that actually brings the money to those Tesla stock “investors” in the mid/long run.
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
Quoted post unavailable.
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.
Selling off a twitter bird statue makes it look bad. What a signal that the company doesn't believe in itself anymore.
Musk doesn't seem to believe in this version of Twitter and therefore has no issues dismantling it. There's still lots of damage done to Twitter the employer but I don't think it matters in the long run: there are always suckers who are willing to work for despotic leaders.
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.
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.