Elon Musk

a little ironic because Kickstarter has said in the past that they intend to never go public, so the equity kind of exists in a limbo https://www.cnbc.com/2016/06/17/kickstarter-paid-a-dividend-even-though-it-never-intends-to-go-public.html

ah yeah kickstarter was what i was thinking of, not etsy, i.e. the other brooklyn success

meanwhile the memestock elves on the trading floor after closing time:
https://i.imgur.com/UBlrQlm.png

160 what shenanigans is that

wtf

what the shit

Jordan Peterson has a "Twitter suit" with a tie featuring Elon Musk heads pic.twitter.com/U7TXC7m6aD

— Jason Campbell (@JasonSCampbell) January 3, 2023

xp happens all the time A/H. volume is tiny. shows up particularly on google finance for some reason.

i know it often jumps around in a fairly meaningless way, the image is p funny though

There's a thread on Peterson with a surprise guest:

there's a very painful period when you see guys start to pay attention to clothes and they start to dress worse than they did before they started paying attention to clothes pic.twitter.com/RWNGjiv6SB

— derek guy (@dieworkwear) December 18, 2022

good thread

damn wow makes u think

pic.twitter.com/dJvUeO2P5t

— Elon Musk (@elonmusk) January 3, 2023

Ah, the guy who has all our personal information and never reads probably thinks those books describe Utopia.

wow matt levine must be reading this thread, today's money stuff is all about the silliness of private company valuations and also some lol twitter tidbits https://archive.ph/5j4kj

hi matt

i didnt know there were preferences where you get back multiples of yr investment before anyone else gets anything, thats even worse! its much worse

https://enersection.io/twitter/

this is good because i forget that twitter had some cheap debt they issued pre-elon that is now very expensive debt lol

well yeah - the bad thing is that VC investors have a lot of leverage in these kinds of situations, private companies are nearly always on a runway to bankruptcy, so the choice can be take this cash that has a 2x/3x liquidation pref attached to it or go bankrupt xp

they should go bankrupt it would good since then there would be fewer apps

We’ve had enough of apps!

apps are out

Rare sympathy for landlords

The landlord said in the suit that it had informed Twitter in mid-December that the company would be in default on its rent if it failed to make payments for space on the building’s 30th floor within five business days.

Other parties, including a software provider and transportation company, have also sued Twitter in recent weeks to recoup overdue payments, the Wall Street Journal reported.

"I mean free speech let me tell you that if somebody's got to pay the servers okay so those features gotta cost at least eight dollars oh because otherwise how do we pay the freaking server bill um you know there's like a billion and a half ish you know of oil and server-related costs um and you know we're trying to get that lower but it's a lot it's like not trivial um and a minimum you know like there's like somebody's got to pay the bills"

hot take: The only reason Tesla was so over valued as a stock is crypto-bro orgy of valuation

twice as much as the electric f150 and as much as a gas f250, almost certainly a lie, the infinite mass part also not true

The tesla website claims that the new truck can pull "near-infinite mass" hhjjkhjslsl this company is so unserious pic.twitter.com/bMLMgHSUdj

— Human Mel (@melhuman) January 4, 2023

the overvaluation of Tesla would have made some sense in like 2016 when all those charging stations were getting installed and there was talk of a $30k Model 3, not to mention Full Self Driving on the horizon. I can tell you insurance companies took that pretty seriously because in theory the Auto line could be unprofitable mighty quick. I guess it wasn't quite apparent back then how full of shit Elon Musk was. why it blew up after the pandemic when the cracks were starting to show kinda baffles me.

always funny how the fascists who cry fascism seem to think only three dystopian novels have ever been written

xp the trump trick of making an obviously false claim/error to encourage haters to amplify the announcement

Brave New World not far off the mark, but not in the way I am sure Elon thinks it is.

"near infinite mass" surely video games bear some responsibility for this

brb just towing a black hole around in my tesla truck

mb by using mass instead of weight they were making a lil joke about pulling things in outer space, still not true of course once things get massive enough youd be subject to their gravity, also wheels wouldnt work out there since there no ground, there are also some other problems with this "joke" im going to suit elon

or maybe the joke is you can pull anything but that doesnt mean it will move

https://www.youtube.com/watch?v=26CtnvXKY3w

i think it's one of those things where like, yeah it could tow the space shuttle at walking speed for a few minutes. but any truck can do that

really, we should be bemoaning the fact that the cybertruck can't outpull this very strong human

https://www.youtube.com/watch?v=6xGIjlK1nSs

i think it's one of those things where like, yeah it could tow the space shuttle at walking speed for a few minutes. but any truck can do that

― 龜, Wednesday, January 4, 2023 5:34 PM (three minutes ago) bookmarkflaglink

yeah im sure when normal companies talk about towing capacity they mean it in a normal way, who knows wtf tesla is talking about

apparently towing with an ev drains the battery like crazy too

energy spent is energy spent!

this is good because i forget that twitter had some cheap debt they issued pre-elon that is now very expensive debt lol

Expensive Debt was an underrated Fela Kuti album

Tesla Miss Road

Musk's ego has near infinite mass

"near infinite mass" surely video games bear some responsibility for this

― ꙮ (map), Wednesday, January 4, 2023 4:16 PM (yesterday) bookmarkflaglink

The only way to understand Musk is as a video game messages board troll circa 2000

his whole thing reminds me of how Michael Jackson "lost" his childhood, and so he spent his 40s trying to recreate it. in Elon's case I guess he never had the chance to be a cringey teenage shitposter so he's trying to live it now.

Ricardo is real!

more funny graphs from the poster's poster:

https://i.imgur.com/O5A8A9M.png

Cybertruckesque

lol

Elon Musk should

— Elon Musk (@elonmusk) January 5, 2023

i think we all know how to vote here, folks

He should aim higher imo

its so funny this is the thing he wants to do, a man with all the resources to actually do politics is totally gassed up on the power of memes

It's because he's a moronic nepo baby