Elon Musk buys a big chunk of Twitter

[Ivorythumper]

[George K]

[Ivorythumper]

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

Apart from pure schadenfreude, it doesn't matter to me.

But I'm enjoying the schadenfreude.

[Jolly]

$64 question: In 12 months, how much effect will Musk have on the Twitter profit/loss line?

[Klaus]

So the deal is closed? Not so clear. Stocks are still trading below $54.20, so I guess there's still risk.

[LuFins Dad]

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

So the deal is closed? Not so clear. Stocks are still trading below $54.20, so I guess there's still risk.

The news is reporting that it’s a done deal. Get your popcorn…

[Horace]

Elon Musk attempting to substantiate the “great men” theory of history.

[Axtremus]

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

$64 question: In 12 months, how much effect will Musk have on the Twitter profit/loss line?

Assuming the deal does through, this will not be your concern by then and you may never know because it Twitter would be a private company not obligated to publish its financial statements.

[George K]

"Elon Musk is buying Twitter and everyone freaking out drives a Tesla. There’s never been a dumber time to be alive."

[Jolly]

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

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

$64 question: In 12 months, how much effect will Musk have on the Twitter profit/loss line?

Assuming the deal does through, this will not be your concern by then and you may never know because it Twitter would be a private company not obligated to publish its financial statements.

You'll know.

There is no such thing as a disseminated document that is not known beyond its original intended audience.

[George K]

[Copper]

He could turn out to be a fun guy.

[George K]

[George K]

I've almost run out of popcorn.

[George K]

The memes are amazing...

[Axtremus]

https://www.cnbc.com/2022/04/25/donald-trump-says-he-wont-return-to-twitter-if-elon-musk-reverses-ban.html

“Donald Trump says he won’t return to Twitter if Elon Musk reverses ban”

Donald Trump told CNBC on Monday he wouldn’t return to Twitter even if Elon Musk, the company’s incoming owner, reversed the former president’s ban.
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“No, I won’t be going back on Twitter,” Trump told CNBC’s Joe Kernen.
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“I will be on Truth Social within the week. Its on schedule. We have a lot of people signed up. I like Elon Musk. I like him a lot. He’s an excellent individual. We did a lot for Twitter when I was in the White House. I was disappointed by the way I was treated by Twitter. I won’t be going back on Twitter,” he said.

[jon-nyc]

I just saw that. They’re still pretending truth social hasn’t failed. He’ll renege once they’re beyond that phase.

[jon-nyc]

Their stock has been hammered by Musk. It lost another 40% since he first announced his Twitter stake.

[Axtremus]

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

He’ll renege once they’re beyond that phase.

Assuming you're referring to Trump, he does have a rich history of reneging on various pronouncements.

[George K]

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

Their stock has been hammered by Musk. It lost another 40% since he first announced his Twitter stake.

Totally n00b question: If he owns the company and it’s now private, does that matter?