Elon Musk buys a big chunk of Twitter
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If it costs Musk 10% of his net worth, it would probably not change his life - at all. That's not the case for most of the planet.
What are the actual mechanics of this happening? Who has to approve the sale - board of directors or a vote of all shareholders?
If it's approved, I assume shareholders will be paid out at the price agreed upon, right?
So, if Twitter is not profitable, as @Axtremus says, how much money per year does it lose? Will that bother Musk, or will he just twirl his mustache and say, "I laugh at these losses! Watch what I do next!"?
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How do you post gifs?
https://tenor.com/view/popcorns-crackhead-eating-popcorn-food-junk-gif-14546221
The Brad
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@Axtremus said in Elon Musk buys a big chunk of Twitter:
@Klaus said in Elon Musk buys a big chunk of Twitter:
Wouldn't banks happily give him a loan?
The loan will need to be paid back, with interest. The money still needs to come from somewhere. With old school buyout, you’d try to convince the bank that the company you’re buying will generate enough cash to pay back the loan. Twitter is not even profitable right now.
He could use a part of his stocks in Tesla and SpaceX as collateral, no?
@Klaus said in Elon Musk buys a big chunk of Twitter:
@Axtremus said in Elon Musk buys a big chunk of Twitter:
@Klaus said in Elon Musk buys a big chunk of Twitter:
Wouldn't banks happily give him a loan?
The loan will need to be paid back, with interest. The money still needs to come from somewhere. With old school buyout, you’d try to convince the bank that the company you’re buying will generate enough cash to pay back the loan. Twitter is not even profitable right now.
He could use a part of his stocks in Tesla and SpaceX as collateral, no?
Gets even more complicated once the other companies are brought into this deal. Yes, the stocks may be made collaterals, but you’d still need cash flow to service the loan. That shifts the argument to cash flow. SpaceX is still in the “hemorrhage money for R&D” phase. Tesla has positive cash flow but does not issue cash dividend. Musk still needs to go through a bunch of mechanisms to take money out of Tesla’s cash flow to service his (hypothetical) Twitter loan.
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How do you post gifs?
https://tenor.com/view/popcorns-crackhead-eating-popcorn-food-junk-gif-14546221
@LuFins-Dad said in Elon Musk buys a big chunk of Twitter:
How do you post gifs?
https://tenor.com/view/popcorns-crackhead-eating-popcorn-food-junk-gif-14546221
Click here and paste URL:
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Tucker had a suggestion in his monologue last night... People who believe in free speech should buy Twitter stock and then let Elon have their proxies.
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Tucker had a suggestion in his monologue last night... People who believe in free speech should buy Twitter stock and then let Elon have their proxies.
@Jolly said in Elon Musk buys a big chunk of Twitter:
Tucker had a suggestion in his monologue last night... People who believe in free speech should buy Twitter stock and then let Elon have their proxies.
How much of Twitter's stock has Tucker bought?
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@Jolly said in Elon Musk buys a big chunk of Twitter:
Tucker had a suggestion in his monologue last night... People who believe in free speech should buy Twitter stock and then let Elon have their proxies.
How much of Twitter's stock has Tucker bought?
@Axtremus said in Elon Musk buys a big chunk of Twitter:
@Jolly said in Elon Musk buys a big chunk of Twitter:
Tucker had a suggestion in his monologue last night... People who believe in free speech should buy Twitter stock and then let Elon have their proxies.
How much of Twitter's stock has Tucker bought?
I ain't your Google Mommy.
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@Axtremus said in Elon Musk buys a big chunk of Twitter:
@Jolly said in Elon Musk buys a big chunk of Twitter:
Tucker had a suggestion in his monologue last night... People who believe in free speech should buy Twitter stock and then let Elon have their proxies.
How much of Twitter's stock has Tucker bought?
I ain't your Google Mommy.
@Jolly said in Elon Musk buys a big chunk of Twitter:
@Axtremus said in Elon Musk buys a big chunk of Twitter:
@Jolly said in Elon Musk buys a big chunk of Twitter:
Tucker had a suggestion in his monologue last night... People who believe in free speech should buy Twitter stock and then let Elon have their proxies.
How much of Twitter's stock has Tucker bought?
I ain't your Google Mommy.
Just trying to save you from doing what Tucker tells you to do but does not do so himself. Consider waiting to see whether Tucker puts his own money where his mouth is.
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Stock analyst Dan Ives thinks the deal will go through. One caveat he mentions about balancing Musk's time:
Ives also pointed out that there are likely to be a number of questions about financing the deal, regulatory concerns and how Musk would balance his time between Tesla (TSLA), SpaceX and Twitter, but the time for Twitter to accept the deal is "now or never."
I doubt Musk would want to be involved much, beyond understanding the moderation practices, and firing anybody who fashioned those practices after the demands of the pop culture mob.
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@George-K said in Elon Musk buys a big chunk of Twitter:
Max Boot opines:
It's long been clear that an appreciation for free speech is a way in which we self-select politically, often without any intention of that appreciation having any political valence. I think we are long past the point where the buttoned-down mainstreamers, who dislike ideas different from their own, have collected themselves on the left side of the spectrum. Along with the principle-free social opportunists who would align wherever the prevailing winds blow them. Which is to say, most people.
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I know very little about Mr. Musk or his politics.
But I enjoy this story, I think I could get along with him.
