Elon Musk buys a big chunk of Twitter

[George K]

@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.

[George K]

And some rando....

[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 K]

@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.

[jon-nyc]

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

[George K]

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

[LuFins Dad]

@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.

[taiwan_girl]

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.

[Doctor Phibes]

@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.

[Jolly]

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?

[George K]

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

[Doctor Phibes]

@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.

[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 K]

@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."

[Doctor Phibes]

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.

[Axtremus]

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.

[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?

[Horace]

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.

[Aqua Letifer]

@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.

[LuFins Dad]

@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