671–680 of 761 posts
Reminder that Elon didn't even intend to buy Twitter He wanted to sell ~$2.5 Billion Tesla stock at all-time highs without causing the stock price to significantly deflate, so he used the Twitter purchase suggestion as a cover. He did similar pump and dump schemes with crypto - like Dogecoin - but because Elon is fundamentally a dumb guy, he did the extraordinarily stupid thing of signing a purchase agreement with Tw…
Haven’t read anything so off the mark in quite a while. Your basic assumption already makes no sense. Please list the businesses Elon has started after his PayPal days with the goal of enriching himself. Also, money is a means to an end, is it not? So what do you think he’d do with more money? Again, you can look at what he did with his Zip2 money. And then his PayPal money. That might give you a clue.
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To some extent she is also probably there to play the same "say yes to Elon about some dumb idea and then get the team to implement a somewhat less dumb version and convince him it was his idea all along" game with him that Tesla and SpaceX leadership reportedly does.
I’ve always wondered what it’s like to work for a CEO where you simultaneously 1. can’t say no to him, and 2. can’t implement their hairbrained ideas without killing your product and then being blamed for it. I heard a rumor (who knows if it’s true) that in the early-ish days of Amazon, they had an entirely separate backend and frontend just for Bezos that would only display if his account was logged in. So when he a…
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Because they could be compromised and used by a careless third-party?
Why would Twitter's new verification system be compromised?
The hard part is the 'hardly ever used by its legit owner', not the "stolen credendials".
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Are they still paying exorbitantly for podcaster exclusivity?
Oh yeah, podcasts. I honestly don't know why they're so desperate on attracting people for podcasts. Podcasts are much more unprofitable compared to normal music
The graph of subscribers shows really no change in the rate of subscribers:
https://www.statista.com/statistics/244995/number-of-paying-...
Probably just more stock-pumping ZIRP big exit nonsense.
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a lot of smart people fell for Elizabeth Holmes charm and put their money on Theranos for the purpose of this thread saying “Elon is fundamentally a dumb guy” is a statement of opinion, one that a growing number of people agree with
I tend to fall in the camp that a “fundamentally dumb guy” won’t be able to successfully start, grow and run Tesla and Space X. Was buying twitter a mistake? Sure. Did he make dumb decisions when it comes to twitter? Yes. But IMO, that’s very different than labelling someone “fundamentally dumb”
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His offer was $54.20 in April 2022. That was a 38% premium to the market price immediately prior to his investment, which is attractive but not necessarily "always well above fair value" Twitter had traded above that price as recently as five months earlier, and had traded in the $60s and even $70s for most of 2021. Twitter's stock had cratered in early 2022 along with many other tech stocks (Facebook went from $330…
In what world is a 38% premium not well above market value? If you pay $1.38m for a $1m house, you are definitely paying well above market value.
Why are tech elite types continuing to be supportive of this guy? Never seen $44 billion get lit on fire so plainly.