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Sad though... we all know the outcome will be "sealed" but God bless him for trying! |
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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. |
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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. |
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I agree that he overpaid. But he does things his way. This time his exit strategy may not have been developed fully. |
You are absolutely wright. Time will tell
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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. |
Musk
Al kaline thought that no baseball player was worth 100000 ,now peeple are getting a couple hundred mill (inflation)
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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
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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
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And maybe he just wanted to punish the Twitter board of directors
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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.
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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???
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