Twitter C/D

those banks got worked lol

those banks totally did their due diligence

you can understand where they were coming from like i want to invest in the up until now extremely successful musk empire and i want to have a relationship with the man who built it, but this particular investment was obviously doomed from the start

hey, he's got an honest face

maybe but isn't it well documented that Tesla's "success" is based entirely on hype, speculation, and other borderline illegal tricks to keep the stock price up?

lol frogbs i was gonna say if banks stopped doing business with companies whose success is entirely that

well there probably would be less banks

I mean it makes sense why they'd maybe invest in Tesla but idk seems pretty clear whatever Elon's "magic" was it wasn't based on actual smarts or business acumen and therefore it wasn't gonna work with Twitter, as predicted by pretty much everyone who wrote about the deal along with every ILX poster

i reckon most of us on ilx have been around long enough to have lived thru the historical evidence that the wisdom of banks is not all that

fyi the banks aren't aiming to invest in tesla/twitter for these kinds of transactions, they're just middlemen - they buy the securities from the company then flip them on to investors. here they couldn't flip the twitter junk because it had rapidly degraded between the time they agreed to finance the buyout and the time they had to sell the junk, because elon proved to be a master at topping the market

the calculus was probably that the banks have made millions in doing tesla financings, elon up to that point had a good track record with companies, they put their faith in him, they trusted him...

tbf that does sound like an investment, they just werent planning on holding very long, but... lol

i mean yeah, that's why they're called underwriters - they're underwriting the risk - but usually banks don't commit unless they think it's close to risk-free...

*narrator voice* it was not risk-free

thing about risk free is its generally also profit free

The Saudi investment probably isn't large enough to get him bonesawed, unfortunately.

fun fact - the saudis own 60% of lucid

saudis dont care if their investments make money its a political influence project

yeah the saudi money is just insane. I kind of wonder if some of the weird stuff from SV VCs right now is due to the saudis directly investing and not going through their funds? I thought I read something about that but I might be mistaken

vcs are like im going to give you one million dollars and i want three board seats and please cc me on all communications, then the saudis or softbank walk through the door with $100m and go call us if you need more

what weird stuff? xp

the top of andreessen's head is quite weird

dysfunctional allocation of capital in pursuit of higher profits is the distinguishing mark of a capitalist economy

peter thiel becoming an fbi informant
marc andreesen one-upping his previous bullshit by posting a screen inspired nearly entirely on tweets he read coupled with the pronouncement they're going to invest in things that are more likely to become defense department contractors

my theory is that thiel specifically was angry he wasn't getting the deals so he's trying to claim all his moneybag competitors are foreign agents

andreesen is just perpetually pissy, I guess

oh gotcha

VCs are pissy because ZIRP is over and so are inflated tech valuations

lol

yeah, that seems to be the big thing making them insane

I have a hunch these bank lenders will be OK.

Hopefully their office windows don't open

No idea if this is real or not but it sounds insane

https://bsky.app/profile/mollyknight.bsky.social/post/3kclrwbyg5i2q

idk if you follow someone they can attempt to call you doesnt seem too bad, you dont have to answer

Looks like it's real--on my phone but not on desktop

For those without Bluesky, you have to turn off audio/video messaging manually in Twitter settings if you don't want robocalls or whatever.

I just got a called from Matt Ygelias with an offer of 10 free laptops

Who takes calls

I never updated the Twitter app because I wanted to see how long it took for it to become unusable due to obsolescence (it’s still working 3 months in btw) and I don’t see this option at all

If you don't update soon Elon Musk will hire a gang of blue checks to come over to your house and robocall you in person.

incredible

“Thanks to my soon-to be ex-wife for marrying me when I was broke, supporting me along the way, and bearing my children. Now that I have garnered some mild internet clout, I will be leaving her for a younger woman that I met on crypto twitter.” 🤠 pic.twitter.com/8hyyPMwRXW

— Circe (@vocalcry) October 24, 2023

lol

hell hath no fury brah

tagging your ex and new gf in the same tweet is next-level posting

Yeah, that literally made me gasp

looked at the wife's twitter and I can't figure out what is going on with those people at all, thankfully I don't have an account any longer and will not be tempted to dig any further.

Am I meant to know or care who that guy is?

BTW - that tweet, here on this thread, is a perfect example of what someone was pointing out on the anti-semitic thread (Felicity I think?) re, lacking context. Its something I've always hated about ILX, but this is the actual Twitter thread so I guess I cant kvetch here.

The context is "holy fuck, look at this fucking mutant." It's an example of the kind of brain poisoning that simply didn't exist pre-Twitter: like, aside from your family and maybe your neighbors, who needs to know that you cheated on your wife and are now getting divorced? But apparently he thinks the whole world needs to know, and he thought including both his soon-to-be-ex-wife and his new girlfriend in the tweet was the correct move, from a performance standpoint. It's stunning in its insanity.

And in answer to your question, no, you're not meant to know or care who he is. I certainly had no idea who he was when I saw that tweet and laughed out loud at the sheer "look-at-me"-ism of it.

Yeah fair enough :)

Sorry I realise now it sounded like I was aiming that at you, which I wasnt.

https://pbs.twimg.com/media/F9VHYdQWUAAdjTe?format=jpg&name=medium

https://archive.ph/2023.10.26-013959/https://www.wsj.com/tech/xs-tumultuous-first-year-under-elon-musk-in-charts-71656f81

hey congrats to snapchat

Weird, I didn’t even know Snapchat was a thing, I thought it was functionally replaced by TikTok.

snapchat is more of a messaging thing it does have social features but i think people use it a lot just between friends, where tikitok is more about watching lil movies strangers put up

weirdest thing to me about that chart of daily users caek linked was that facebook stayed perfectly flat the whole time. not so much as a wiggle, wobble, or hiccup.

it's the lightest grey line under TikTok, not the axis beside the label