Elon Musk Twitter Deal

[retiredguy123]

I know that a lot of people think that Musk is a genius, but I don't. How could he even think that Twitter, which is just a website, was worth $44 billion? Why couldn't he just start his own website for almost nothing and compete with Twitter. He could even pay people to leave Twitter. And, why would he offer to buy the company for $44 billion and then ask Twitter to reveal information about their clients. That seems backwards to me. And, now he is being sued by Twitter for breach of contract. Didn't Musk have his lawyers prepare an ironclad contract, so that he couldn't be sued? The whole thing seems strange to me that a so-called business genius is involved in this mess. Just my opinion.

[Keefelane66]

I know that a lot of people think that Musk is a genius, but I don't. How could he even think that Twitter, which is just a website, was worth $44 billion? Why couldn't he just start his own website for almost nothing and compete with Twitter. He could even pay people to leave Twitter. And, why would he offer to buy the company for $44 billion and then ask Twitter to reveal information about their clients. That seems backwards to me. And, now he is being sued by Twitter for breach of contract. Didn't Musk have his lawyers prepare an ironclad contract, so that he couldn't be sued? The whole thing seems strange to me that a so-called business genius is involved in this mess. Just my opinion.
Not all wealthy people are smart. Their success is in who they hire. Elon actually bid higher than the actual valuation. He probably could have picked up “Truth Social” for a steal.

[MartinSE]

I know that a lot of people think that Musk is a genius, but I don't. How could he even think that Twitter, which is just a website, was worth $44 billion? Why couldn't he just start his own website for almost nothing and compete with Twitter. He could even pay people to leave Twitter. And, why would he offer to buy the company for $44 billion and then ask Twitter to reveal information about their clients. That seems backwards to me. And, now he is being sued by Twitter for breach of contract. Didn't Musk have his lawyers prepare an ironclad contract, so that he couldn't be sued? The whole thing seems strange to me that a so-called business genius is involved in this mess. Just my opinion.

First, as one of the richest men in the world, I will respect his financial planning over any random stranger on the internet.

He did not confide in me on why he wanted Twitter, but $44B is pocket change, so it may have been nothing more than a political statement.

Twitters assets are its clients, that is what he was buying. He said that he had reason to believe they lied about actual numbers or real clients, and many of the accounts were bots. If the lied, that would invalidate the contract.

I have not idea if he is a business genius, but he has innovated several high tech fields more than anyone ever. He is the only viable launch system the US has right now, is offering a global internet to people that never had it before, is perfecting brain computer interfaces, has demonstrated a viable EV, is drilling tunnels faster and cheaper than anyone, has a new cell phone in development, and is preparing a personal robot for sale. If he feels like making a $44B political statement with his petty cash, I don’t see any reason I would want to figure out why…

[retiredguy123]

I don't see any reason to be negative. This is a major current news event about which many people have provided opinions.

[ThirdOfFive]

Elon has the Midas touch. Anyone who can go from (relative) obscurity to the richest person in the world with a net worth of 233.7 bn. doesn't have much to prove to anyone.

[justjim]

Musk has a degree in Engineering not Finance.

[RVJim]

I know that a lot of people think that Musk is a genius, but I don't. How could he even think that Twitter, which is just a website, was worth $44 billion? Why couldn't he just start his own website for almost nothing and compete with Twitter. He could even pay people to leave Twitter. And, why would he offer to buy the company for $44 billion and then ask Twitter to reveal information about their clients. That seems backwards to me. And, now he is being sued by Twitter for breach of contract. Didn't Musk have his lawyers prepare an ironclad contract, so that he couldn't be sued? The whole thing seems strange to me that a so-called business genius is involved in this mess. Just my opinion.

A few points:

1. TWTR is not just a website, it is method for monetizing content and advertising to large audiences with some degree of precision targeting. The barrier to entry is high and the runway to building a competitive product long. He was buying immediate access versus building his own and he was buying control of TWTR’s numerous patents.

2. There is no such thing as an ironclad contract.

3. Asking for client lists and other information from an acquisition target is standard DD once the appropriate safeguards and contracts are in place.

4. I don’t like Musk but I am not going to underestimate his ability to wiggle out of this one. He ran circles around the SEC and other entities, why should he not be able to avoid performing here?

[Topspinmo]

Not all wealthy people are smart. Their success is in who they hire. Elon actually bid higher than the actual valuation. He probably could have picked up “Truth Social” for a steal.

Maybe he’s snooker them in to expose them?

[Badger 2006]

First, as one of the richest men in the world, I will respect his financial planning over any random stranger on the internet.

He did not confide in me on why he wanted Twitter, but $44B is pocket change, so it may have been nothing more than a political statement.

Twitters assets are its clients, that is what he was buying. He said that he had reason to believe they lied about actual numbers or real clients, and many of the accounts were bots. If the lied, that would invalidate the contract.

I have not idea if he is a business genius, but he has innovated several high tech fields more than anyone ever. He is the only viable launch system the US has right now, is offering a global internet to people that never had it before, is perfecting brain computer interfaces, has demonstrated a viable EV, is drilling tunnels faster and cheaper than anyone, has a new cell phone in development, and is preparing a personal robot for sale. If he feels like making a $44B political statement with his petty cash, I don’t see any reason I would want to figure out why…

Political statement is correct. He believes in FREEDOM OF SPEECH. Twitter and Facebook are one sided political and social opinion media giants. I believe he is using his wealth to attempt to even the scales so all opinions, including directional political opinions and social opinions, can be distributed equally. Good for him!

[Keefelane66]

News today Musk will have his day in court Oct 2022. Options may be pay $1billion forfeiture.
Pay the agreed price $44 billion or a price between the high low price due to the drama. It will be in Delaware where these disputes are heard set for 5 day trial.

[Kelevision]

Political statement is correct. He believes in FREEDOM OF SPEECH. Twitter and Facebook are one sided political and social opinion media giants. I believe he is using his wealth to attempt to even the scales so all opinions, including directional political opinions and social opinions, can be distributed equally. Good for him!

He’s being sued for trying to back out of the deal actually. Court date is in October.

[MartinSE]

He’s being sued for trying to back out of the deal actually. Court date is in October.

Are you sure he is trying to back out? Maybe it is a negotiating ploy to get a better price. Maybe he never intended to buy. Maybe he just changed his mind, a billion penalty is pocket change. Even $45B is not going to kill him.

I am not on Twitter, so personally, I have no horse in this race and could care less. My wife is on Twitter and now hates Elon - lol!. There goes my chance to get a Tesla...

[Woodbear]

Year to date Tesla is down 38%. Which means Musk is down about $76 Billion YTD on Tesla alone. If forced to buy Twitter, expect that stock to fall even more as Musk will be forced to liquidate some of those holdings to satisfy the debt.

[A-2-56]

Twitter has substantial income and its value is derived from the same as well as the potential that it could have if managed better.
The request that he was looking for was not that of real people it was parcels built into the software and managed by people to screen and monitor the activity of those using the system.
By purchasing the company he had hopes to dismantle an left wing management and staff while replacing it with a more tolerant ideal for various opinions, thereby expanding the customer base, and increasing the revenue stream.

[Vikingjunior]

I think he just wanted to prove to the advertisers that Twitter is fudging the numbers and most users are just bots. So the advertisement companies will either pull back or Twitter will have to go to a subscription based pay.

[Eg_cruz]

First, as one of the richest men in the world, I will respect his financial planning over any random stranger on the internet.

He did not confide in me on why he wanted Twitter, but $44B is pocket change, so it may have been nothing more than a political statement.

Twitters assets are its clients, that is what he was buying. He said that he had reason to believe they lied about actual numbers or real clients, and many of the accounts were bots. If the lied, that would invalidate the contract.

I have not idea if he is a business genius, but he has innovated several high tech fields more than anyone ever. He is the only viable launch system the US has right now, is offering a global internet to people that never had it before, is perfecting brain computer interfaces, has demonstrated a viable EV, is drilling tunnels faster and cheaper than anyone, has a new cell phone in development, and is preparing a personal robot for sale. If he feels like making a $44B political statement with his petty cash, I don’t see any reason I would want to figure out why…
Nice response

[GizmoWhiskers]

I know that a lot of people think that Musk is a genius, but I don't. How could he even think that Twitter, which is just a website, was worth $44 billion? Why couldn't he just start his own website for almost nothing and compete with Twitter. He could even pay people to leave Twitter. And, why would he offer to buy the company for $44 billion and then ask Twitter to reveal information about their clients. That seems backwards to me. And, now he is being sued by Twitter for breach of contract. Didn't Musk have his lawyers prepare an ironclad contract, so that he couldn't be sued? The whole thing seems strange to me that a so-called business genius is involved in this mess. Just my opinion.

Twit is more than a "website". It influences, it manipulates, it drives economy, but most importantly it pushes propoganda the effects the world. Musk, is exposing the power of algorythms and puppet strings. Bots are a form of social warfare influencing reality. Musk being sued will open the flood gates of info on the falsehoods that is being pumped into minds by fake users and bots. Through the process of legal court proceedings ie discovery he will expose the lies and deception.

Sad though... we all know the outcome will be "sealed" but God bless him for trying!

[Caymus]

I know that a lot of people think that Musk is a genius, but I don't. How could he even think that Twitter, which is just a website, was worth $44 billion? Why couldn't he just start his own website for almost nothing and compete with Twitter. He could even pay people to leave Twitter. And, why would he offer to buy the company for $44 billion and then ask Twitter to reveal information about their clients. That seems backwards to me. And, now he is being sued by Twitter for breach of contract. Didn't Musk have his lawyers prepare an ironclad contract, so that he couldn't be sued? The whole thing seems strange to me that a so-called business genius is involved in this mess. Just my opinion.

.
The price was based on the magical cannabis time of 4:20. $54.2 per share. I guess he thought $44.2 was too low.

[retiredguy123]

.
The price was based on the magical cannabis time of 4:20. $54.2 per share. I guess he thought $44.2 was too low.
Some have claimed that $44 billion is pocket change to Musk. I don't think so. It is actually about 20 percent of his advertised net worth. That is a lot of money to put at risk. My main point was that it would seem to be less expensive and less risky to compete with Twitter rather than to buy it.

[MartinSE]

Some have claimed that $44 billion is pocket change to Musk. I don't think so. It is actually about 20 percent of his advertised net worth. That is a lot of money to put at risk. My main point was that it would seem to be less expensive and less risky to compete with Twitter rather than to buy it.

Obviously you missed that I was "joking" about pocket change. But, at 20% he can certainly afford it. He lives in a tiny modular home, drives cars he makes. So, think of it like you paid cash for a house that amounted to 20% of your portfolio. You could certainly afford that.

As to whether he was a good investment or not, again, I will defer to the guy that is the richest man in the world over some random stranger on the internet.

And SOMEONE pointed out ANYONE can become the richest man in the world - LOLOLOLOLOLOLOLOLOLOL! OMG, that is about the funny comment I have ever read on TOTV.

[irishwonone]

I know that a lot of people think that Musk is a genius, but I don't. How could he even think that Twitter, which is just a website, was worth $44 billion? Why couldn't he just start his own website for almost nothing and compete with Twitter. He could even pay people to leave Twitter. And, why would he offer to buy the company for $44 billion and then ask Twitter to reveal information about their clients. That seems backwards to me. And, now he is being sued by Twitter for breach of contract. Didn't Musk have his lawyers prepare an ironclad contract, so that he couldn't be sued? The whole thing seems strange to me that a so-called business genius is involved in this mess. Just my opinion.
I don’t believe he was ever going to pay the amount you mentioned. Always he was looking for a much lower purchase price. Too he never trusted the 5% claim that Twitter stated so naturally this was headed for a much lower settlement price. Should be fun watching the lawyers decide this one.

[Caymus]

Some have claimed that $44 billion is pocket change to Musk. I don't think so. That is actually about 20 percent of his advertised net worth. That is a lot of money to put at risk. My main point was that it would seem to be less expensive and less risky to compete with Twitter rather than to buy it.


I agree that he overpaid. But he does things his way. This time his exit strategy may not have been developed fully.

[joelfmi]

You are absolutely wright. Time will tell

[jimkerr]

I know that a lot of people think that Musk is a genius, but I don't. How could he even think that Twitter, which is just a website, was worth $44 billion? Why couldn't he just start his own website for almost nothing and compete with Twitter. He could even pay people to leave Twitter. And, why would he offer to buy the company for $44 billion and then ask Twitter to reveal information about their clients. That seems backwards to me. And, now he is being sued by Twitter for breach of contract. Didn't Musk have his lawyers prepare an ironclad contract, so that he couldn't be sued? The whole thing seems strange to me that a so-called business genius is involved in this mess. Just my opinion.

Twitter is not a website.

it’s not easy starting a social platform. This is why Mush wanted it. He thought the value was there until he looked under the covers and found that Twitter didn’t represent their user base truthfully.

[herremans]

Al kaline thought that no baseball player was worth 100000 ,now peeple are getting a couple hundred mill (inflation)

[Luggage]

Company valuations are based on a few things in general, cash flow Twitter was $5 billion a year. Yearly growth, and the obstacles to get into the same business, Twitter as one of the largest social media companies may not have had a huge obstacle but as you found with Trump's business and Al Jazeera are very hard to actually gain traction

[Luggage]

If anyone loses and has to pay $1 billion dollars maybe he is really smart because the Twitter value is now 50% of what it was last year and he can start a new takeover and save 20 billion

[Luggage]

And maybe he just wanted to punish the Twitter board of directors

[Bellavita]

He suffers from King syndrome he is so rich and fathers so many children that he is above us all. Money does not equal class or dignity. We all need a moral code maga rich more so. Not a fan.

I know that a lot of people think that Musk is a genius, but I don't. How could he even think that Twitter, which is just a website, was worth $44 billion? Why couldn't he just start his own website for almost nothing and compete with Twitter. He could even pay people to leave Twitter. And, why would he offer to buy the company for $44 billion and then ask Twitter to reveal information about their clients. That seems backwards to me. And, now he is being sued by Twitter for breach of contract. Didn't Musk have his lawyers prepare an ironclad contract, so that he couldn't be sued? The whole thing seems strange to me that a so-called business genius is involved in this mess. Just my opinion.

[Luggage]

Elon musk only put up 5% of the $44 billion, the banks are putting up the rest so he put up about two and a half billion out of his assets, so I would say that's like you or me buying a car for 1,000 down that's worth $45,000, wouldn't you consider that pocket change???

[Luggage]

For sure he's no Warren Buffett

[Topspinmo]

Al kaline thought that no baseball player was worth 100000 ,now peeple are getting a couple hundred mill (inflation)

Fans are the gullible ones. Watching a kids game at overinflated price.

[Topspinmo]

For sure he's no Warren Buffett


Agree, he pays more taxes than his secretary…..

[jammaiora]

First, as one of the richest men in the world, I will respect his financial planning over any random stranger on the internet.

He did not confide in me on why he wanted Twitter, but $44B is pocket change, so it may have been nothing more than a political statement.

Twitters assets are its clients, that is what he was buying. He said that he had reason to believe they lied about actual numbers or real clients, and many of the accounts were bots. If the lied, that would invalidate the contract.

I have not idea if he is a business genius, but he has innovated several high tech fields more than anyone ever. He is the only viable launch system the US has right now, is offering a global internet to people that never had it before, is perfecting brain computer interfaces, has demonstrated a viable EV, is drilling tunnels faster and cheaper than anyone, has a new cell phone in development, and is preparing a personal robot for sale. If he feels like making a $44B political statement with his petty cash, I don’t see any reason I would want to figure out why…
Remember, Tesla is what it is today because our government bailed him out to get the company up and running. He may be a "genius" with innovative ideas but I don't think he is a financial genius!

[retiredguy123]

Elon musk only put up 5% of the $44 billion, the banks are putting up the rest so he put up about two and a half billion out of his assets, so I would say that's like you or me buying a car for 1,000 down that's worth $45,000, wouldn't you consider that pocket change???
No, not if he borrowed the money from the banks and needs to pay it back.

[Dantes]

Facebook is just a website

[MartinSE]

Remember, Tesla is what it is today because our government bailed him out to get the company up and running. He may be a "genius" with innovative ideas but I don't think he is a financial genius!

I haven't looked lately, but as far as I know he paid back any loans he got. Same as GM, shall we compare growth rates between Tesla and GM?

[The Chipster]

Elon was my hero for a long time. But then, hubris started creeping in to his persona. He decided he was so rich that certain laws (such as the covid regulations in CA) didn't apply to him. He ****ed all over the SEC which thankfully regulates our stock market. Now every time we see him he is dancing and prancing on stage like a Broadway queen with a stupid grin on his face. The whole thing with Twitter is indicative of poor planning and a super-inflated ego. And he is slowly thinking he can effect American politics, God forbid. He needs to take some lessons from Warren Buffett.

[MartinSE]

No, not if he borrowed the money from the banks and needs to pay it back.

Why not? l seriously. Companies borrow money for expanion, development, etc all the time because it is cheap money. Oil companies are not drilling in the US right now because the banks that finance drilling took a beating last time they went on a drilling spree. Borrowing money is a fine old fashion financial strategy. If borrowing is cheap than taking cash out of something else it is a good idea.

So, now everyone can explain why it was a bad idea for Musk, because everyone else understands the intimate details of his holdings.

[Wyseguy]

Elon was my hero for a long time. But then, hubris started creeping in to his persona. He decided he was so rich that certain laws (such as the covid regulations in CA) didn't apply to him. He ****ed all over the SEC which thankfully regulates our stock market. Now every time we see him he is dancing and prancing on stage like a Broadway queen with a stupid grin on his face. The whole thing with Twitter is indicative of poor planning and a super-inflated ego. And he is slowly thinking he can effect American politics, God forbid. He needs to take some lessons from Warren Buffett.

Why should Twitter or Facebook affecting politics be any different than Musk? Musk seems to be for free speech at least.

[Petersweeney]

This is my twitter……

[MartinSE]

Elon was my hero for a long time. But then, hubris started creeping in to his persona. He decided he was so rich that certain laws (such as the covid regulations in CA) didn't apply to him. He ****ed all over the SEC which thankfully regulates our stock market. Now every time we see him he is dancing and prancing on stage like a Broadway queen with a stupid grin on his face. The whole thing with Twitter is indicative of poor planning and a super-inflated ego. And he is slowly thinking he can effect American politics, God forbid. He needs to take some lessons from Warren Buffett.

I see so HE should take advice from YOU on how he should behave. How American of you to tell someone else what they should and should not do.

[allsport]

Elon has the Midas touch. Anyone who can go from (relative) obscurity to the richest person in the world with a net worth of 233.7 bn. doesn't have much to prove to anyone.

His midas touch was fuelled by family wealth from South Africa. No one who thinks he should spread his seed around as much as possible is fit to be called a genius. Narcissist is more appropriate including the observations that he has strong spectrum affinities.

[MartinSE]

His midas touch was fuelled by family wealth from South Africa. No one who thinks he should spread his seed around as much as possible is fit to be called a genius. Narcissist is more appropriate including the observations that he has strong spectrum affinities.

What has being on the spectrum have to do with anything?

[retiredguy123]

Why not? l seriously. Companies borrow money for expanion, development, etc all the time because it is cheap money. Oil companies are not drilling in the US right now because the banks that finance drilling took a beating last time they went on a drilling spree. Borrowing money is a fine old fashion financial strategy. If borrowing is cheap than taking cash out of something else it is a good idea.

So, now everyone can explain why it was a bad idea for Musk, because everyone else understands the intimate details of his holdings.
I was just saying that, if he borrowed the money, it is not pocket change. He is still spending $44 billion. I didn't say that borrowing money, in general, was a bad idea.

[Caymus]

His midas touch was fuelled by family wealth from South Africa. No one who thinks he should spread his seed around as much as possible is fit to be called a genius. Narcissist is more appropriate including the observations that he has strong spectrum affinities.


This article claims he was not born rich. Is it a fake story?
Was Elon Musk Born Rich? (Complete Story) (https://www.thecoldwire.com/was-elon-musk-born-rich/)

[NewRealms]

Missed the whole point of this exercise. It was to expose Twitter's fraud and it's going to come out in the trial, if it ever gets that far. Twitter execs fell right into the trap. Mwaaa ha ha!

[Fltpkr]

It will be interesting to see how this develops. $44 billion is not chicken feed for anyone, including Musk. Of course, for some business people, litigation is just another negotiation tactic, but an early trial date puts a lot of pressure on Musk. The full Complaint can be found with a Google search - interesting reading. More specifically, the following is paragraph 4 of the Complaint, which is referring to the $44 billion purchase price.

"That price, presented by Musk on a take-it-or-leave-it basis in an unsolicited public offer, represented a 38% premium over Twitter’s unaffected share price. The other terms Musk offered and agreed to were, as he touted, “seller friendly.” There is no financing contingency and no diligence condition. The deal is backed by airtight debt and equity commitments. Musk has personally committed $33.5 billion."

The absence of a diligence condition, if accurate, and its relevance to Musk's subsequent demand for fake account information, would seem to be important issues for the court. Also, I wonder how the court will handle Twitter's request to compel completion of the deal. Twitter alleges that it negotiated a strong provision in the agreement to compel Musk to complete the deal. We will see how this all plays out.

[MartinSE]

This article claims he was not born rich. Is it a fake story?
Was Elon Musk Born Rich? (Complete Story) (https://www.thecoldwire.com/was-elon-musk-born-rich/)

Shhh. Don't criticize fake news. You will get yelled at. When he started his first company he was $100,000 in debt (student debt).

[MartinSE]

Missed the whole point of this exercise. It was to expose Twitter's fraud and it's going to come out in the trial, if it ever gets that far. Twitter execs fell right into the trap. Mwaaa ha ha!

Might be.

Might be that this is just a "negotiating ploy". At that level of business knives are out and dirty tricks are coming. He could have pulled out to drive the stock price down, so Twitter would be in a difficult position. My understanding is that he has $1B in jeopardy (penalty for bailing on the deal) and so, if he drives the price down just $2B from the original $45B (say down to $43B) then he risked $1B to save $2B (or more.)

Since I expect NONE of us are included on his private emails, I seriously doubt any of us KNOW what he is doing or trying to do. So many people accept what they see/hear/read today, and so many people in power lied so often that it boggles my mind to read all the statements made here with so much confidence... LOL!

[MartinSE]

It will be interesting to see how this develops. $44 billion is not chicken feed for anyone, including Musk. Of course, for some business people, litigation is just another negotiation tactic...


Exactly, and I expect no one here knows exactly what his end game is...

[fgaba1949]

I know that a lot of people think that Musk is a genius, but I don't. How could he even think that Twitter, which is just a website, was worth $44 billion? Why couldn't he just start his own website for almost nothing and compete with Twitter. He could even pay people to leave Twitter. And, why would he offer to buy the company for $44 billion and then ask Twitter to reveal information about their clients. That seems backwards to me. And, now he is being sued by Twitter for breach of contract. Didn't Musk have his lawyers prepare an ironclad contract, so that he couldn't be sued? The whole thing seems strange to me that a so-called business genius is involved in this mess. Just my opinion.

Just my opinion ...
I think u might be a tad jealous as he has done so much in his life time compared to 99.9% besides building incredible wealth
and he has assembled successful teams for Tesla Batteries and space travel . Sounds pretty good to me and how old is he ?

[MidWestIA]

Musk likes the limelight and having his pic in the news so when Twitter banned Trump Musk jumped up and said he would buy it - not smart just impulsive. Later he realized oh hell I don't want that I want out

[msilagy]

I would never question Elon Musk's reasons for anything. He just may have accomplished what he set out to do. No one is in his head and he is an eccentric guy!

[retiredguy123]

Just my opinion ...
I think u might be a tad jealous as he has done so much in his life time compared to 99.9% besides building incredible wealth
and he has assembled successful teams for Tesla Batteries and space travel . Sounds pretty good to me and how old is he ?
Jealous? I'll have to think about that.

I just thought it was a bad business deal and I gave my reasons.

[MartinSE]

Musk likes the limelight and having his pic in the news so when Twitter banned Trump Musk jumped up and said he would buy it - not smart just impulsive. Later he realized oh hell I don't want that I want out

Can I assume this is your opinion and not something Elon told you? Because, presuming WHY someone else does things, always starts with why I would do it, and since I have never had the pleasure of being the richest man in the world, I have no idea what motivates him.

[MartinSE]

I would never question Elon Musk's reasons for anything. He just may have accomplished what he set out to do. No one is in his head and he is an eccentric guy!

Exactly, perfectly said.

[Nucky]

I'm jealous of him. I thought I had the drive to succeed when I was younger but NOTHING like this guy.

Don't forget, a Billion isn't what it used to be. This is partially entertainment for him. Watching his competition twist over him getting involved.

He had a plan since the beginning and it is just unfolding now. I this doesn't work it's onto plan B. He has got this. He will end up owning Twitter for considerably less money. Mark my words.

[Stu from NYC]

Why not? l seriously. Companies borrow money for expanion, development, etc all the time because it is cheap money. Oil companies are not drilling in the US right now because the banks that finance drilling took a beating last time they went on a drilling spree. Borrowing money is a fine old fashion financial strategy. If borrowing is cheap than taking cash out of something else it is a good idea.

So, now everyone can explain why it was a bad idea for Musk, because everyone else understands the intimate details of his holdings.

Do you really think the oil companies are not drilling in the US because of the banks not wanting to lend them money? Seriously?

[MartinSE]

Do you really think the oil companies are not drilling in the US because of the banks not wanting to lend them money? Seriously?

Yes, I think the fact they already have about 1,000 permits and are not drilling and the fact that they normally borrow the money to drill and the fact that they are already running at 100% (95% to 98%) capacity combine all those and they are not drilling. Also, don't forget drilling a new well takes a couple years to come online and be productive. So, year, I think a leading contributor is lack of enthusiasm by their banks is a big cause. OH, and lack of workers because of COVID.

Here is an NPR article on it.

3 reasons why Big Oil can't simply drill to ease high gas prices : NPR (https://www.npr.org/2022/03/19/1086925726/gas-prices-oil-crude-drilling)

[Babubhat]

There is no such thing as an ironclad contract. Delaware has intelligent judges. Not good for him

[Babubhat]

Missed the whole point of this exercise. It was to expose Twitter's fraud and it's going to come out in the trial, if it ever gets that far. Twitter execs fell right into the trap. Mwaaa ha ha!

Fraud is a very high burden to prove. Nothing like layman advice

[tvbound]

It will be very interesting to watch how this all plays out. I'm guessing that when it is all said and done, a settlement will be reached where Musk pays a few billion without ever buying it, but a bunch of attorneys - make a whole lot of money in the process. lol

[Ken D.]

Twit is more than a "website". It influences, it manipulates, it drives economy, but most importantly it pushes propoganda the effects the world. Musk, is exposing the power of algorythms and puppet strings. Bots are a form of social warfare influencing reality. Musk being sued will open the flood gates of info on the falsehoods that is being pumped into minds by fake users and bots. Through the process of legal court proceedings ie discovery he will expose the lies and deception.

Sad though... we all know the outcome will be "sealed" but God bless him for trying!
I think you hit the nail on the head. I don’t believe he ever intended to buy Twitter. He exposed them for what they truly are, propagandist. Don’t ever underestimate his intelligence.

[tophcfa]

Hmmmm, he dabbles in stuff like overpriced electric vehicles subsidized by taxpayers, space travel, social media, and crypto. Not a fan of the Muskrat.

[Gunny2403]

So your a genius.

[Lisanp@aol.com]

I don't think he ever had any intention of buying Twitter - he just needed a "front" to dump a bunch of Tesla stock without jeopardizing the company's image. Even with the penalty, he is still ahead and he got out of some Tesla stock.

[Pachine58]

Why would Musk buy a company that is made up of fake accounts. Twitter said 5% when in reality Musk made them expose it is over 50%. He was right in walking away, it is nothing more then an extension of radical voices trying to sway the masses into a group think that this is the majority of how people should believe. Advertising and political groups use it for brainwashing the weak who believe it is actually real. So the genius of Musk was to reveal this to the masses.

[Quixote]

My better half was driving our Tesla on 466 when a landscaping truck, the driver of which simply did not see her, he explained afterward, pulled out literally right in front of her. Before she could move her foot from the power pedal to the brake, the car had stopped virtually instantly. People nearby couldn't believe it. We still cannot.

Call us short-sighted, but this is all we have any interest in knowing about Elon Musk.

[MartinSE]

My better half was driving our Tesla on 466 when a landscaping truck, the driver of which simply did not see her, he explained afterward, pulled out literally right in front of her. Before she could move her foot from the power pedal to the brake, the car had stopped virtually instantly. People nearby couldn't believe it. We still cannot.

Call us short-sighted, but this is all we have any interest in knowing about Elon Musk.

Yes, a point many Tesla haters ignore is just how safe the Tesla is. While it is not significantly "stronger" in a collision, it goes the other route of avoid collisions people could not avoid. It can react in milliseconds to those situations while people take a second or as we get older seconds. And the cars sensors and computers never get distracted by phone calls, conversations, or anything else.

[rsimpson]

First, as one of the richest men in the world, I will respect his financial planning over any random stranger on the internet.

He did not confide in me on why he wanted Twitter, but $44B is pocket change, so it may have been nothing more than a political statement.

Twitters assets are its clients, that is what he was buying. He said that he had reason to believe they lied about actual numbers or real clients, and many of the accounts were bots. If the lied, that would invalidate the contract.

I have not idea if he is a business genius, but he has innovated several high tech fields more than anyone ever. He is the only viable launch system the US has right now, is offering a global internet to people that never had it before, is perfecting brain computer interfaces, has demonstrated a viable EV, is drilling tunnels faster and cheaper than anyone, has a new cell phone in development, and is preparing a personal robot for sale. If he feels like making a $44B political statement with his petty cash, I don’t see any reason I would want to figure out why…

To any detractors, I would recommend listening to some interviews (Lex Fridman on YouTube specifically.) This man is brilliant. Dozens of topics covered in the interviews, in additon to the guy's innovation as mentioned by MartinSE.

[Djean1981]

He didn't want to buy Twitter, but to expose Twitter. This was intentional, as planned. :)

[retiredguy123]

He didn't want to buy Twitter, but to expose Twitter. This was intentional, as planned. :)
If that is true, I really don't think that he accomplished very much.

[MartinSE]

He didn't want to buy Twitter, but to expose Twitter. This was intentional, as planned. :)

Thank you. So you know Elon well, and he confided in you? What's that like?

[affald]

The man thinks on a different level. I only hope that he is the savior of free speech. The country desperately needs it. Most people have no clue about Section 230 and how those in charge have been bought and paid for by Evil itself.

[CoachKandSportsguy]

A carnival barker or a Master Scammer?
Statements by a Carnival Barker:

A million people on Mars
Chips in monkey brains
Tunnels under LA
Solar Roofs
Dogecoin
Optimus
Robotaxis worth $200k making $30k a year
Cybertruck
Tesla Semi
Roadster
FSD
I am done selling shares of Tesla.
delivering high speed internet with LEO satellites

And scammiest of all: a $25k Tesla


The guy is a narcissistic sociopath, who says anything which can manipulate his cult. . . if you understand how mediums get you to believe that you can talk to the dead, called "cold reading", then you can hear him say opposing topics, and the each believer has something to believe in.

If you believe that he is buying twitter for free speech, its because you want to believe in his statement. The number of lawsuits against him for tolerating abuse and his silencing his critics with lawsuits because he can outspend the average person, just proves the opposite. .

but if you believe him, its because you want to believe him, same as believing a medium who can talk to the dead.

still a finance guy

[Stu from NYC]

A carnival barker or a Master Scammer?
Statements by a Carnival Barker:

A million people on Mars
Chips in monkey brains
Tunnels under LA
Solar Roofs
Dogecoin
Optimus
Robotaxis worth $200k making $30k a year
Cybertruck
Tesla Semi
Roadster
FSD
I am done selling shares of Tesla.
delivering high speed internet with LEO satellites

And scammiest of all: a $25k Tesla


The guy is a narcissistic sociopath, who says anything which can manipulate his cult. . . if you understand how mediums get you to believe that you can talk to the dead, called "cold reading", then you can hear him say opposing topics, and the each believer has something to believe in.

If you believe that he is buying twitter for free speech, its because you want to believe in his statement. The number of lawsuits against him for tolerating abuse and his silencing his critics with lawsuits because he can outspend the average person, just proves the opposite. .

but if you believe him, its because you want to believe him, same as believing a medium who can talk to the dead.

still a finance guy

He sure has accomplished a lot more than the rest of us.

[MartinSE]

A carnival barker or a Master Scammer?
Statements by a Carnival Barker:

A million people on Mars
Chips in monkey brains
Tunnels under LA
Solar Roofs
Dogecoin
Optimus
Robotaxis worth $200k making $30k a year
Cybertruck
Tesla Semi
Roadster
FSD
I am done selling shares of Tesla.
delivering high speed internet with LEO satellites

And scammiest of all: a $25k Tesla


The guy is a narcissistic sociopath, who says anything which can manipulate his cult. . . if you understand how mediums get you to believe that you can talk to the dead, called "cold reading", then you can hear him say opposing topics, and the each believer has something to believe in.

If you believe that he is buying twitter for free speech, its because you want to believe in his statement. The number of lawsuits against him for tolerating abuse and his silencing his critics with lawsuits because he can outspend the average person, just proves the opposite. .

but if you believe him, its because you want to believe him, same as believing a medium who can talk to the dead.

still a finance guy


Lots of dis'ing. What have you done with your life to compare to what he has accomplished? ( I assume becoming the richest man in the world is not on your list, so how do you compare to his achievements? Hav e you ever shorted Tesla or do you have a short position? Just asking for a friend.

It is so easy to sit behind a computer screen and insult people with unsupported comments, something that would NEVER have been said to a persons face when I was growing up. It seems to be a common practice for many on here.

[Brad-tv]

Short Tesla? Who would do that? He always seems to prove all those who bet against him wrong . He has a strategy with Twitter and time will tell, he knows what he’s doing every time he tweets no matter how crazy it seems ( and some of his tweets are beyond crazy)
Tesla has proven to be be a great investment over and over again short term or long term.

[MartinSE]

Short Tesla? Who would do that? He always seems to prove all those who bet against him wrong . He has a strategy with Twitter and time will tell, he knows what he’s doing every time he tweets no matter how crazy it seems ( and some of his tweets are beyond crazy)
Tesla has proven to be be a great investment over and over again short term or long term.

Billions have been lost shorting him. And many pay people to make up BS about Tesla and post it on the web complete with deep fakes. Many believe the BS in those deep fakes.

[Two Bills]

A carnival barker or a Master Scammer?
Statements by a Carnival Barker:

A million people on Mars
Chips in monkey brains
Tunnels under LA
Solar Roofs
Dogecoin
Optimus
Robotaxis worth $200k making $30k a year
Cybertruck
Tesla Semi
Roadster
FSD
I am done selling shares of Tesla.
delivering high speed internet with LEO satellites

And scammiest of all: a $25k Tesla


The guy is a narcissistic sociopath, who says anything which can manipulate his cult. . . if you understand how mediums get you to believe that you can talk to the dead, called "cold reading", then you can hear him say opposing topics, and the each believer has something to believe in.

If you believe that he is buying twitter for free speech, its because you want to believe in his statement. The number of lawsuits against him for tolerating abuse and his silencing his critics with lawsuits because he can outspend the average person, just proves the opposite. .

but if you believe him, its because you want to believe him, same as believing a medium who can talk to the dead.

still a finance guy

You are basically pi$$ed with the man because you lost a whole chunk of $$$ selling his shares short, that went long!
The non finance guy!

[MorTech]

Most successful carnival barker in human history who has the mind and morality of a 9 year old. Don't forget his Hyperloop scam.

[Stu from NYC]

Most successful carnival barker in human history who has the mind and morality of a 9 year old. Don't forget his Hyperloop scam.

Guess you do not like him. Has a mind of a 9 year old? Sure has accomplished a lot in his time.

[Caymus]

Most successful carnival barker in human history who has the mind and morality of a 9 year old. Don't forget his Hyperloop scam.

Some of it may be due to a form of Asperger's. I guess it is just another reason for people to hate him.

What Is Asperger's Syndrome? Elon Musk Reveals He Has Form of Autism Spectrum Disorder (https://www.newsweek.com/asperger-syndrome-elon-musk-autism-spectrum-disorder-1590043)

[Stu from NYC]

Some of it may be due to a form of Asperger's. I guess it is just another reason for people to hate him.

What Is Asperger's Syndrome? Elon Musk Reveals He Has Form of Autism Spectrum Disorder (https://www.newsweek.com/asperger-syndrome-elon-musk-autism-spectrum-disorder-1590043)

Would think a lot of the hatred is really jealousy.

[MartinSE]

Would think a lot of the hatred is really jealousy.

I think a lot of the hatred HERE is just something to hate on. Boredom and old age.