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The New Coffee Room

  1. TNCR
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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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  • K Klaus
    25 Apr 2022, 18:04

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

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    LuFins Dad
    wrote on 25 Apr 2022, 20:01 last edited by
    #206

    @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…

    The Brad

    1 Reply Last reply
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      Horace
      wrote on 25 Apr 2022, 20:04 last edited by
      #207

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

      Education is extremely important.

      1 Reply Last reply
      • J Jolly
        25 Apr 2022, 17:22

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

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        Axtremus
        wrote on 25 Apr 2022, 20:19 last edited by
        #208

        @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.

        J 1 Reply Last reply 25 Apr 2022, 22:26
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          George K
          wrote on 25 Apr 2022, 22:03 last edited by
          #209

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

          "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
          • A Axtremus
            25 Apr 2022, 20:19

            @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.

            J Offline
            J Offline
            Jolly
            wrote on 25 Apr 2022, 22:26 last edited by
            #210

            @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.

            “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
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              George K
              wrote on 25 Apr 2022, 22:34 last edited by
              #211

              Screen Shot 2022-04-25 at 5.33.34 PM.png

              "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
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                Copper
                wrote on 25 Apr 2022, 22:50 last edited by
                #212

                He could turn out to be a fun guy.

                9a202ddd-8160-4bcb-b3aa-8daf863648a5-image.png

                1 Reply Last reply
                • G Offline
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                  George K
                  wrote on 25 Apr 2022, 23:23 last edited by
                  #213

                  "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
                  • G Offline
                    G Offline
                    George K
                    wrote on 25 Apr 2022, 23:24 last edited by
                    #214

                    I've almost run out of popcorn.

                    alt text

                    "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
                    • G Offline
                      G Offline
                      George K
                      wrote on 25 Apr 2022, 23:27 last edited by
                      #215

                      The memes are amazing...

                      image.jpeg

                      "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
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                        Axtremus
                        wrote on 26 Apr 2022, 00:39 last edited by
                        #216

                        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.
                        .
                        “No, I won’t be going back on Twitter,” Trump told CNBC’s Joe Kernen.
                        .
                        “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.

                        1 Reply Last reply
                        • J Offline
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                          jon-nyc
                          wrote on 26 Apr 2022, 00:59 last edited by
                          #217

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

                          You were warned.

                          A 1 Reply Last reply 26 Apr 2022, 01:31
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                            jon-nyc
                            wrote on 26 Apr 2022, 01:01 last edited by
                            #218

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

                            You were warned.

                            G L K 3 Replies Last reply 26 Apr 2022, 01:52
                            • J jon-nyc
                              26 Apr 2022, 00:59

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

                              A Offline
                              A Offline
                              Axtremus
                              wrote on 26 Apr 2022, 01:31 last edited by
                              #219

                              @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.

                              1 Reply Last reply
                              • J jon-nyc
                                26 Apr 2022, 01:01

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

                                G Offline
                                G Offline
                                George K
                                wrote on 26 Apr 2022, 01:52 last edited by
                                #220

                                @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?

                                "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.

                                J 1 Reply Last reply 26 Apr 2022, 10:14
                                • J jon-nyc
                                  26 Apr 2022, 01:01

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

                                  L Offline
                                  L Offline
                                  LuFins Dad
                                  wrote on 26 Apr 2022, 02:01 last edited by
                                  #221

                                  @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.

                                  It was in free fall before he bought…

                                  The Brad

                                  1 Reply Last reply
                                  • G George K
                                    26 Apr 2022, 01:52

                                    @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?

                                    J Offline
                                    J Offline
                                    jon-nyc
                                    wrote on 26 Apr 2022, 10:14 last edited by
                                    #222

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

                                    @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?

                                    Talking about truth social.

                                    Twitter will trade just below musk’s offer price until it closes unless people start thinking it will fall through.

                                    You were warned.

                                    1 Reply Last reply
                                    • J jon-nyc
                                      26 Apr 2022, 01:01

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

                                      K Offline
                                      K Offline
                                      Klaus
                                      wrote on 26 Apr 2022, 10:44 last edited by
                                      #223

                                      @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.

                                      Is Truth Social even publicly traded? I for one can't find a ticker symbol.

                                      1 Reply Last reply
                                      • J Offline
                                        J Offline
                                        jon-nyc
                                        wrote on 26 Apr 2022, 10:52 last edited by
                                        #224

                                        It merged with a spac and did a back door ipo. It trades under the spac symbol DWAC

                                        You were warned.

                                        1 Reply Last reply
                                        • J Offline
                                          J Offline
                                          Jolly
                                          wrote on 26 Apr 2022, 11:50 last edited by
                                          #225

                                          Trump will be back. Twitter will provide the largest audience. Truth Social ain't gonna make it. Parler may not make it, if Musk succeeds in revamping and implementing decent rules.

                                          Musk has a big job. First, he has to change the corporate culture...That may take some firings and some "Come to Jesus" moments with senior management, along with buy-in from the employees.

                                          The rules will be interesting. You can't let people threaten physical violence. That's the first one. Wonder what else he will add to the list?

                                          “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

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                                          25 Apr 2022, 23:27


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