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The New Coffee Room

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  3. Elon Musk buys a big chunk of Twitter

Elon Musk buys a big chunk of Twitter

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  • jon-nycJ jon-nyc

    @George-K said in Elon Musk buys a big chunk of Twitter:

    @Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:

    Didn’t somebody try that already?

    Yup. And as I posted earlier, Musk made an offer to buy that platform as well for $28.

    Not $28 billion. $28 dollars.

    Really? He offered to buy Truth Social for $28? That’s an epic troll.

    George KG Offline
    George KG Offline
    George K
    wrote on last edited by
    #151

    @jon-nyc said in Elon Musk buys a big chunk of Twitter:

    Really? He offered to buy Truth Social for $28? That’s an epic troll.

    No..he really didn't. It was a jab at CNN+.

    It has fewer subscribers than Truth Social.

    "Now look here, you Baltic gas passer... " - Mik, 6/14/08

    The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

    1 Reply Last reply
    • jon-nycJ Online
      jon-nycJ Online
      jon-nyc
      wrote on last edited by jon-nyc
      #152

      But it’s not a social media platform, is it?

      Only non-witches get due process.

      • Cotton Mather, Salem Massachusetts, 1692
      George KG Doctor PhibesD 2 Replies Last reply
      • jon-nycJ jon-nyc

        But it’s not a social media platform, is it?

        George KG Offline
        George KG Offline
        George K
        wrote on last edited by
        #153

        @jon-nyc no, and Phibes didn't explicitly say that.

        "Now look here, you Baltic gas passer... " - Mik, 6/14/08

        The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

        1 Reply Last reply
        • Doctor PhibesD Doctor Phibes

          @LuFins-Dad said in Elon Musk buys a big chunk of Twitter:

          It’s a setup. My guess? He’s already got a new platform ready to roll out next month.

          Didn’t somebody try that already?

          LuFins DadL Offline
          LuFins DadL Offline
          LuFins Dad
          wrote on last edited by
          #154

          @Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:

          @LuFins-Dad said in Elon Musk buys a big chunk of Twitter:

          It’s a setup. My guess? He’s already got a new platform ready to roll out next month.

          Didn’t somebody try that already?

          I’m pretty sure people tried building electric cars and satellites before, too.

          The Brad

          1 Reply Last reply
          • taiwan_girlT Online
            taiwan_girlT Online
            taiwan_girl
            wrote on last edited by
            #155

            He is just looking to drive up the price, and then sell, making a big profit for himself.

            I just dont see him following through on buying Twitter.

            1 Reply Last reply
            • jon-nycJ jon-nyc

              But it’s not a social media platform, is it?

              Doctor PhibesD Online
              Doctor PhibesD Online
              Doctor Phibes
              wrote on last edited by
              #156

              @jon-nyc said in Elon Musk buys a big chunk of Twitter:

              But it’s not a social media platform, is it?

              To be fair, neither is Truth Social.

              I was only joking

              1 Reply Last reply
              • JollyJ Offline
                JollyJ Offline
                Jolly
                wrote on last edited by
                #157

                Just a thought...Is some of the screaming from the folks at Twitter from fear that it will become public how many voices were silenced and how actively the agenda was pursued within the company?

                “Cry havoc and let slip the DOGE of war!”

                Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                1 Reply Last reply
                • George KG Offline
                  George KG Offline
                  George K
                  wrote on last edited by
                  #158

                  As I posted earlier, the voices screaming about billionaires buying media companies are silent about Bezos, Bloomberg, et. al.

                  "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                  The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                  Doctor PhibesD jon-nycJ 2 Replies Last reply
                  • George KG George K

                    As I posted earlier, the voices screaming about billionaires buying media companies are silent about Bezos, Bloomberg, et. al.

                    Doctor PhibesD Online
                    Doctor PhibesD Online
                    Doctor Phibes
                    wrote on last edited by
                    #159

                    @George-K said in Elon Musk buys a big chunk of Twitter:

                    As I posted earlier, the voices screaming about billionaires buying media companies are silent about Bezos, Bloomberg, et. al.

                    I'm quietly hoping for a counter-offer from George Soros.

                    I was only joking

                    1 Reply Last reply
                    • George KG George K

                      As I posted earlier, the voices screaming about billionaires buying media companies are silent about Bezos, Bloomberg, et. al.

                      jon-nycJ Online
                      jon-nycJ Online
                      jon-nyc
                      wrote on last edited by
                      #160

                      @George-K said in Elon Musk buys a big chunk of Twitter:

                      As I posted earlier, the voices screaming about billionaires buying media companies are silent about Bezos, Bloomberg, et. al.

                      I’m fairness Bloomberg built his media empire from scratch.

                      Only non-witches get due process.

                      • Cotton Mather, Salem Massachusetts, 1692
                      George KG 1 Reply Last reply
                      • jon-nycJ jon-nyc

                        @George-K said in Elon Musk buys a big chunk of Twitter:

                        As I posted earlier, the voices screaming about billionaires buying media companies are silent about Bezos, Bloomberg, et. al.

                        I’m fairness Bloomberg built his media empire from scratch.

                        George KG Offline
                        George KG Offline
                        George K
                        wrote on last edited by
                        #161

                        @jon-nyc said in Elon Musk buys a big chunk of Twitter:

                        @George-K said in Elon Musk buys a big chunk of Twitter:

                        As I posted earlier, the voices screaming about billionaires buying media companies are silent about Bezos, Bloomberg, et. al.

                        I’m fairness Bloomberg built his media empire from scratch.

                        OK, true.

                        Perhaps I should have said "owning media companies."

                        "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                        The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                        1 Reply Last reply
                        • Doctor PhibesD Online
                          Doctor PhibesD Online
                          Doctor Phibes
                          wrote on last edited by
                          #162

                          The lefties I know freaking hate Jeff Bezos.

                          He's the billionaire equivalent of the "nice guy" who sends weird, possessive texts after a couple of dates.

                          I was only joking

                          1 Reply Last reply
                          • AxtremusA Offline
                            AxtremusA Offline
                            Axtremus
                            wrote on last edited by
                            #163

                            https://www.cnbc.com/2022/04/15/elon-musks-twitter-bid-faces-major-skepticism-on-wall-street-.html

                            Reactions one day after Musk offered to buy out Twitter - not good, Twitter stock fell, presumably because most investors do not believe that Musk's offer is credible.

                            Also came across an analysis on Tesla, presumably the only money-generating asset Musk can rely on to finance his Twitter buyout:

                            https://www.forbes.com/sites/greatspeculations/2022/04/15/is-the-end-near-for-tesla-and-other-meme-stocks/?sh=4e283ee02cc8

                            Short version is the author thinks Tesla has many problems and its stock may be ready to fall hard.

                            1 Reply Last reply
                            • kluursK Offline
                              kluursK Offline
                              kluurs
                              wrote on last edited by
                              #164

                              I'm not an expert on Twitter but back in the day, I remember it not being valued as all that much because it couldn't be monetized (i.e. hate that word - can't make money off of it). Has that changed? If Elon makes it better, does he have a way of earning anything off of his investment?

                              Aqua LetiferA 1 Reply Last reply
                              • HoraceH Offline
                                HoraceH Offline
                                Horace
                                wrote on last edited by
                                #165

                                It already has been monetized. It’s not as if it has no meaningful revenues. The fact that it is not always profitable quarter to quarter is just a matter of capital allocation. Amazon was unprofitable forever too.

                                Education is extremely important.

                                1 Reply Last reply
                                • kluursK kluurs

                                  I'm not an expert on Twitter but back in the day, I remember it not being valued as all that much because it couldn't be monetized (i.e. hate that word - can't make money off of it). Has that changed? If Elon makes it better, does he have a way of earning anything off of his investment?

                                  Aqua LetiferA Offline
                                  Aqua LetiferA Offline
                                  Aqua Letifer
                                  wrote on last edited by
                                  #166

                                  @kluurs said in Elon Musk buys a big chunk of Twitter:

                                  I'm not an expert on Twitter but back in the day, I remember it not being valued as all that much because it couldn't be monetized (i.e. hate that word - can't make money off of it). Has that changed? If Elon makes it better, does he have a way of earning anything off of his investment?

                                  Twitter ad buys are decent, yeah.

                                  Please love yourself.

                                  1 Reply Last reply
                                  • Doctor PhibesD Doctor Phibes

                                    @LuFins-Dad said in Elon Musk buys a big chunk of Twitter:

                                    It’s a setup. My guess? He’s already got a new platform ready to roll out next month.

                                    Didn’t somebody try that already?

                                    LuFins DadL Offline
                                    LuFins DadL Offline
                                    LuFins Dad
                                    wrote on last edited by
                                    #167

                                    @Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:

                                    @LuFins-Dad said in Elon Musk buys a big chunk of Twitter:

                                    It’s a setup. My guess? He’s already got a new platform ready to roll out next month.

                                    Didn’t somebody try that already?

                                    Plan B

                                    https://www.cnbc.com/2022/04/14/elon-musk-not-sure-hell-be-able-to-buy-twitter.html

                                    The Brad

                                    1 Reply Last reply
                                    • X Offline
                                      X Offline
                                      xenon
                                      wrote on last edited by
                                      #168

                                      Great Twitter thread by the former CEO of Reddit on the difficulties of running a social media company

                                      HoraceH jodiJ AxtremusA 3 Replies Last reply
                                      • George KG Offline
                                        George KG Offline
                                        George K
                                        wrote on last edited by
                                        #169

                                        LOL...

                                        "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                        The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                        1 Reply Last reply
                                        • X xenon

                                          Great Twitter thread by the former CEO of Reddit on the difficulties of running a social media company

                                          HoraceH Offline
                                          HoraceH Offline
                                          Horace
                                          wrote on last edited by
                                          #170

                                          @xenon said in Elon Musk buys a big chunk of Twitter:

                                          Great Twitter thread by the former CEO of Reddit on the difficulties of running a social media company

                                          Well, I disagree that it was a great thread. "Be nice to each other and there would be no censorship" is not exactly a deep insight.

                                          Education is extremely important.

                                          X 1 Reply Last reply
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