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Wall Street banks prepare to sell up to $3B in X loans next week

reuters.com

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Re: Wall Street banks prepare to sell up to $3B in X loans next week

#101

Post by bloopernova »

kmeisthax wrote: post #93
bloopernova wrote: post #36

Earlier quoted context omitted.

I had read* that his interest in Ukraine and putin was to gain a share of Ukrainian mineral wealth. If that rumour was true, then yeah I could see him advocating for an invasion of Greenland. Although, didn't the Greenland SNAFU start with trump? * And don't have a link to whatever it was, so take with a cyber truck full of salt!

If my fuzzy memories are anywhere close to correct, Trump wanted to buy it in 2017, Denmark said no, and he went on to slapping stupid[0] tariffs on Canadian and European exports before putting tariffs on China. Trump's 2025 playbook seems entirely identical. The thing is, America has wanted Greenland for at least a century[1]. I would not be surprised if there's some long-timer in the Executive Branch that just happ…

Thank you for the reminder and links, much appreciated!

Re: Wall Street banks prepare to sell up to $3B in X loans next week

#102

Post by jncfhnb »

mminer237 wrote: post #65
jncfhnb wrote: post #6

Earlier quoted context omitted.

It’s not particularly clear that X played a significant role

Probably not in Trump winning, but I can't imagine Musk having so much sway over Trump otherwise.

I think he would have more sway over trump if he had billions more dollars not lost on X tbh

Re: Wall Street banks prepare to sell up to $3B in X loans next week

#103

Post by Alive-in-2025 »

kergonath wrote: post #95
tim333 wrote: post #92

Earlier quoted context omitted.

Well, "pedo guy". Which a court decided was along the lines of calling someone a wanker etc rather than a literal accusation. https://www.bbc.co.uk/news/world-us-canada-50695593

The comment is only the most visible bit. He hired a private investigator to find rumours about him as well. And tripled down with various arguments like a supposed child bride.

Musk has so many wacky things, public spats with his trans kid. Attacking the kid publicly. Imagine how hard that would be, your name is out there. Your extremely famous dad is talking about you? You are just a very vulnerable avg person.

Re: Wall Street banks prepare to sell up to $3B in X loans next week

#104

Post by grajaganDev »

isoprophlex wrote: post #67
Animats wrote: post #59

> Morgan Stanley and others, such as Bank of America and Barclays, lent Musk money to complete his $44 billion buyout of X, then known as Twitter, in 2022. Hm. So who owes the debt? What's the collateral? Supposedly Musk bought Twitter personally, but this looks like a leveraged buyout in trouble. The banks involved had a "sell-down letter", an agreement between the lenders that any sell-off gave the other lenders a…

So, 500m a year to whisper sweet nothings into the minds of a significant % of the world population. Or brainwashing them, whatever you like. I think it's not a bad price, someone surely feels theyre getting their moneys worth.

It is a good deal if you want to influence millions of bots.

Re: Wall Street banks prepare to sell up to $3B in X loans next week

#105

Post by breadwinner »

OnlineGladiator wrote: post #90
breadwinner wrote: post #88

Earlier quoted context omitted.

Right, he did call a diver a pedophile. But overall he seemed sane back then. As far as people who worked with Musk saying horrible things about him, isn't that true for just about every CEO?

There is a difference between "wow my CEO really sucks" and "wow my CEO had another kid with an employee, regularly talks about the importance of breaking labor laws, shows up to work visibly high on a regular basis, and enjoys making racist comments about Apartheid."

Why do you think this sticker [1] is so popular? It is because prior to Twitter acquisition, despite some blemishes, most people thought Elon Musk is a smart but otherwise normal person. Most of the things you mentioned came later.

[1] https://www.amazon.com/s?k=bought+this+before+elon+went+craz...

Re: Wall Street banks prepare to sell up to $3B in X loans next week

#106

Post by OnlineGladiator »

breadwinner wrote: post #105
OnlineGladiator wrote: post #90

Earlier quoted context omitted.

There is a difference between "wow my CEO really sucks" and "wow my CEO had another kid with an employee, regularly talks about the importance of breaking labor laws, shows up to work visibly high on a regular basis, and enjoys making racist comments about Apartheid."

Why do you think this sticker [1] is so popular? It is because prior to Twitter acquisition, despite some blemishes, most people thought Elon Musk is a smart but otherwise normal person. Most of the things you mentioned came later. [1] https://www.amazon.com/s?k=bought+this+before+elon+went+craz...

I never said he was unpopular. I said you weren't paying attention - and every single thing I mentioned happened before the acquisition. You are being willfully ignorant.

Re: Wall Street banks prepare to sell up to $3B in X loans next week

#107

Post by churchill »

churchill wrote: post #80
notjoemama wrote: post #69

Earlier quoted context omitted.

> Twitter has lost 85% to 90% of its revenues. Do you mean from when Musk purchased it? https://www.businessofapps.com/data/twitter-statistics/ Looking at the revenue growth, does anyone know why it increased in value to the degree it did leading up to its sale? I recall there was some discussion around the amount of bots (not the existence, the degree). Pre-sale: https://www.pewresearch.org/internet/2018/04/09/bots-…

I don't understand to what extent bots impacted Twitter's revenue or if at all that happened, after all, that only came up as one of a few tactics Elon tried using to get out of buying Twitter. Thing is, as a public company, Twitter's revenues were public, amounting to $5.229B/yr (i.e., up to the sale). And, the New York Times reported they were doing $114M/quarter in early 2024. Annualized, that's $456M per year. So…

Faulty math here - revenues are down 91.3% actually.

Re: Wall Street banks prepare to sell up to $3B in X loans next week

#108

Post by Gud »

Alive-in-2025 wrote: post #103
kergonath wrote: post #95

Earlier quoted context omitted.

The comment is only the most visible bit. He hired a private investigator to find rumours about him as well. And tripled down with various arguments like a supposed child bride.

Musk has so many wacky things, public spats with his trans kid. Attacking the kid publicly. Imagine how hard that would be, your name is out there. Your extremely famous dad is talking about you? You are just a very vulnerable avg person.

Yes, Elon Musk is showing signs of being emotionally very immature.

Re: Wall Street banks prepare to sell up to $3B in X loans next week

#109

Post by rsynnott »

breadwinner wrote: post #84
OnlineGladiator wrote: post #82

Earlier quoted context omitted.

The most powerful country on the planet has been taken over by oligarchs and your concern is for the investors? As someone who regularly invests in high risk stocks, you'd have to be a complete fucking idiot not to see this coming. The investors backed Elon Musk, a man with a long history of picking fights with the SEC, breaking labor laws, and being a manchild - why would they expect something different?

It is only after he bought Twitter that he revealed his true self. Up until that time he seemed like a sane person.

No, you just weren’t paying attention. Remember the magic cave submarine?

Re: Wall Street banks prepare to sell up to $3B in X loans next week

#110

Post by rsynnott »

breadwinner wrote: post #88
OnlineGladiator wrote: post #85

Earlier quoted context omitted.

You haven't been paying attention. This guy famously called a diver a pedophile because he insulted his half-baked submarine idea. That was 7 years ago. Also, if you were really an investor ready to commit large amounts of money, you could do a basic amount of research and talk to people that have worked with Elon. I've known people that have worked for him going back over a decade and they have all had horrible thin…

Right, he did call a diver a pedophile. But overall he seemed sane back then. As far as people who worked with Musk saying horrible things about him, isn't that true for just about every CEO?

> Right, he did call a diver a pedophile. But overall he seemed sane back then.

… Eh? I mean, that feels like setting an incredibly low bar for sanity, tbh.

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