Elon Musk

Twitter was much more expensive, on relative terms, of course ($50 billion to musk's ~$200B). i realize that's still a lot of money, even to musk

Oh hey

On the @Reuters wire: EXCLUSIVE-TESLA FACES U.S. CRIMINAL PROBE OVER ITS AUTOPILOT TECHNOLOGY-SOURCES

— Dan Levine (@FedcourtJunkie) October 26, 2022

we just need something bad to happen to tesla now

lol xp

hell yeah! finally i'm starting to understand this whole "thoughts and prayers" obsession, it really works!

relative to that, he thought he was getting a bargain at just $54.20, but failed to account for the fed!

― 龜, Wednesday, October 26, 2022 3:43 PM (three minutes ago) bookmarkflaglink

he failed to account for a lot!

he should have hired an accountant

it's true

They usually take things into account.

good calls

We have closed our long position in Twitter. pic.twitter.com/wsmbhxtyz9

— Hindenburg Research (@HindenburgRes) October 4, 2022

not a finance expert caek. I don't remember the context five months ago on this one messageboard but it did drop back down into the 30s for quite some time after. People made money both ways. I don't work there and i don't like the company or even the stock but it made a lot of people money on the news cycles. But most people who were trading it are glad it's over this week.

lmao he's in the building the stock price is still only $53.40. seems like trust in him is shot to the extent that next time he tries to buy a public company a board will be able to reject a strong $ offer on fiduciary grounds just because he's such a liar.

This always happens. Look at ATVI. People play arbitrage but it's dead money. Who wants that tied up when the difference is so little.

i went through an public-private with a company at $16. the stock price was $15.85-$15.95 for four months. a dollar seems like a pretty big implied risk.

and xxp didn't mean to pick on you in particular. everyone was very confident about what would happen. most of us were wrong. just struck me as a particularly unequivocal claim about what people think, from someone who would be in a position to know what smart people would think (or what conventional wisdom was). enough that i remembered it 6 months later, which is more than i can say about my own posts.

I probably do not understand what you are trying to say then.

"Hindenburg" is a rather ominous name for a company that is supposed to be about the future.

he literally tried every conceivable way to get out of the deal. It is a terrible deal. Everyone realizes this.

xp
I was thinking the same thing, so went to their web site and learned they picked that name intentionally, because they focus on finding companies that are close to self-destruction.

Oh, the humanity

they publish short reports. they were shorting twtr like everyone else in the world when elon was trying to get out of it and then they went long when it looked like he was stuck.

xxp oh for sure. but "no one thinks he will pay $54.20 per share for twtr. no one." is a statement that conventional wisdom was that he would succeed in getting out of the deal. which it was!

again, i probably have no clue what you are trying to say. well done. look at the big dick on caek.

my point is not that you were wrong. if you want me to try to explain more clearly then lmk, but if you don't care that's fine.

i am good, i kind of have a memory about you working at twtr? but it's ok.

it's never a good idea to make general points by quoting a specific poster. for some reason they take it personally.

Like, literally I got pings that someone was being a dick about me when i haven't posted here in months and months.

aimless, that's fair. yerac, sorry for doing that.

xxp yes i worked there until last month. it was weird. i wouldn't pay $46bn for it.

so wait - carrying the sink into the lobby was just so he could tweet a pun? What is he, 14 years old?

That reeks of "Steve Jobs making his assistant get him a dress shirt five minutes before his McIntosh demo just so he could show that its floppy disks fit in a breast pocket" energy, except with less of a point

doing stupid stuff for the sake of a bad pun is good imo

Ehh, when you've publicly stated that you plan to lay off most of the workforce? Not necessarily a way to ingratiate yourself into the new digs

I brought these leis for you from Hawaii.

Now I want you to count off from 1-10, and everyone with numbers 1-7, take them off

Meanwhile...

https://www.reuters.com/legal/exclusive-tesla-faces-us-criminal-probe-over-self-driving-claims-sources-2022-10-26/

https://www.caranddriver.com/news/a41781263/tesla-us-criminal-investigation-full-self-driving/

(it's about time)

lol i finally got a chance to read the _dark forest_ thingy and saw the author and just lolled irl, it's been a long time since i thought about him. good enough piece though.

“elon musk will never actually buy twitter” is kind of the “no way donald trump would win a presidential election let alone be a serious candidate” of 2022 and ok, yeah, still doesn’t make a lot of sense

The difference is Trump wasn’t desperately trying to get out of being President

since this is the platform thread, is this good

Meta has lost almost 20 percent of its value since the stock market closed three hours ago. pic.twitter.com/P3N6ikcgYw

— Ernie Smith (@ShortFormErnie) October 26, 2022

context is zuck had an earning call in which he announced their profits were way down and he planned to waste even more money on the metaverse

If we allocate more to metaverse I think it might get some legs

Musk should buy Facebook, too.

then we'd have Facebook for celebrities/Facebook for everyone els e

Zuck revealed a colosseum in the metaverse where David Fincher and Aaron Sorkin are forced to fight his programs

The difference is Trump wasn’t desperately trying to get out of being President

― frogbs, Wednesday, October 26, 2022 8:37 PM (yesterday) bookmarkflaglink

There was a brief period during the primaries where it seemed like he was! That was an actual rumor, that he was trying to run but not win in order to boost his profile. I think a lot of the erratic behavior and what looked like self-sabotage wasn't him trying to get out of the job, though, it was just normal Trump (as we later figured out)

"Surely his promise to prevent all Muslims from entering the country will sink his candidacy."

i feel like trump taught people to be incredibly cynical about the rule of law, and mostly that was the right lesson, but it didn't apply here. wonder if delaware can run things for a while.

so elon’s gonna re-platform trump, which will probably lead to facebook re-platforming trump because they don’t want to miss out on the ad dollars and engagement, right? which leads to trump 2024?

Democracy will be strong enough to take it now that Biden has done so much for the American people.

https://arstechnica.com/tech-policy/2022/10/musk-visits-twitter-hq-promises-staff-he-wont-fire-75-of-them/

Musk has an October 28 deadline to complete the $44 billion Twitter purchase, stemming from an order by Delaware Court of Chancery Judge Kathaleen McCormick. Twitter sued Musk after he tried to break their merger agreement, and a trial was originally scheduled for October 17. McCormick's order delaying the trial said it will be rescheduled for November if the merger isn't completed by 5 pm tomorrow.

Twitter shares are due to be suspended from trading on Friday in anticipation of the closing. The stock price has been rising since Musk reversed course in early October in order to avoid a trial and is now close to the $54.20 per-share price that Musk agreed to pay.

also

Today, Musk posted a message for advertisers. "The reason I acquired Twitter is because it is important to the future of civilization to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence. There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society," he wrote.

After spending months trying to get out of the merger deal, Musk told advertisers he is buying Twitter "to try to help humanity, whom I love." Attempting to convince companies that they should buy ads on the platform, he wrote that "Twitter obviously cannot become a free-for-all hellscape, where anything can be said with no consequences! In addition to adhering to the laws of the land, our platform must be warm and welcoming to all, where you can choose your desired experience according to your preferences, just as you can choose, for example, to see movies or play video games ranging from all ages to mature."

He went on to say that Twitter must show users "advertising that is as relevant as possible to their needs. Low relevancy ads are spam, but highly relevant ads are actually content! Fundamentally, Twitter aspires to be the most respected advertising platform in the world that strengthens your brand and grows your enterprise."

sounds like everything's gonna be fine then

So glad I don’t use Twitter and have no stakes in this except wanting it to fucking fail and wanting Musk embarrassed and preferably dead