Earlier quoted context omitted.
It’s not particularly clear that X played a significant role
I doubt it changed anyone’s mind. It’s just a rallying point for one side at this point.
i’ve heard tiktok and not x is the platform of blame
Wall Street banks prepare to sell up to $3B in X loans next week
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Re: Wall Street banks prepare to sell up to $3B in X loans next week
#22I wonder if Musk will buy the loans.
Why would he toss even more money onto the Twitter bonfire when there’s no need?
Re: Wall Street banks prepare to sell up to $3B in X loans next week
#23I wonder who's going to be buying, since they're selling at just a 5% discount. Since the purchase, Twitter has lost 85% to 90% of its revenues. So, I think the discount doesn't factor in just how much value X has lost. And, unless Musk buys back the debt, I don't see any takers lining up. Judging by how much stock Elon had to sell, plus the loans/equity raised for the initial purchase, it feels like an all-round bad…
It’s not particularly clear that X played a significant role
Probably not. But it did raise Musk's prominence in the political realm, and might have been a crucial step towards the significant role that he played himself.
That wasn't the plan, to be sure. But whatever the plan was originally, it is now secondary.
Re: Wall Street banks prepare to sell up to $3B in X loans next week
#24I wonder who's going to be buying, since they're selling at just a 5% discount. Since the purchase, Twitter has lost 85% to 90% of its revenues. So, I think the discount doesn't factor in just how much value X has lost. And, unless Musk buys back the debt, I don't see any takers lining up. Judging by how much stock Elon had to sell, plus the loans/equity raised for the initial purchase, it feels like an all-round bad…
> Since the purchase, Twitter has lost 85% to 90% of its revenues. Source? Is this true?
84% as of August, according to documents obtained by the NYT. https://finance.yahoo.com/news/twitters-revenue-collapses-84...
Re: Wall Street banks prepare to sell up to $3B in X loans next week
#25Earlier quoted context omitted.
> Since the purchase, Twitter has lost 85% to 90% of its revenues. Source? Is this true?
84% as of August, according to documents obtained by the NYT. https://finance.yahoo.com/news/twitters-revenue-collapses-84...
Not great when you have to pay $1B in interest per year.
Re: Wall Street banks prepare to sell up to $3B in X loans next week
#26Is it public who buys these loans? Can we track them?
Re: Wall Street banks prepare to sell up to $3B in X loans next week
#27I wonder who's going to be buying, since they're selling at just a 5% discount. Since the purchase, Twitter has lost 85% to 90% of its revenues. So, I think the discount doesn't factor in just how much value X has lost. And, unless Musk buys back the debt, I don't see any takers lining up. Judging by how much stock Elon had to sell, plus the loans/equity raised for the initial purchase, it feels like an all-round bad…
> Since the purchase, Twitter has lost 85% to 90% of its revenues. Source? Is this true?
Not sure about those figures, but WSJ ran a story recently about a musk email saying x was barely breaking even:
https://www.wsj.com/finance/banking/wall-street-banks-prepar...
Re: Wall Street banks prepare to sell up to $3B in X loans next week
#28Re: Wall Street banks prepare to sell up to $3B in X loans next week
#29Re: Wall Street banks prepare to sell up to $3B in X loans next week
#30I wonder who's going to be buying, since they're selling at just a 5% discount. Since the purchase, Twitter has lost 85% to 90% of its revenues. So, I think the discount doesn't factor in just how much value X has lost. And, unless Musk buys back the debt, I don't see any takers lining up. Judging by how much stock Elon had to sell, plus the loans/equity raised for the initial purchase, it feels like an all-round bad…
"$34B is a steep price to kill Twitter, but maybe it's worth it", a somebody wrote back in the day. Apparently it sort of was worth it for Musk, but it cost him, and is going to cost further down the line.
He bought himself into the White House as a tech-bro Rasputin, probably the most paid for that level of influence, so we can expect him to get his money's worth.