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-   -   Elon Musk Twitter Deal (https://www.talkofthevillages.com/forums/current-events-news-541/elon-musk-twitter-deal-333777/)

Petersweeney 07-20-2022 08:02 AM

This is my twitter……

MartinSE 07-20-2022 08:03 AM

Quote:

Originally Posted by The Chipster (Post 2117207)
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 07-20-2022 08:52 AM

Quote:

Originally Posted by ThirdOfFive (Post 2117021)
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 07-20-2022 08:57 AM

Quote:

Originally Posted by allsport (Post 2117233)
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 07-20-2022 09:17 AM

Quote:

Originally Posted by MartinSE (Post 2117210)
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 07-20-2022 09:20 AM

Quote:

Originally Posted by allsport (Post 2117233)
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)

NewRealms 07-20-2022 10:04 AM

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 07-20-2022 10:12 AM

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 07-20-2022 10:13 AM

Quote:

Originally Posted by Caymus (Post 2117250)
This article claims he was not born rich. Is it a fake story?
Was Elon Musk Born Rich? (Complete Story)

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 07-20-2022 10:17 AM

Quote:

Originally Posted by NewRealms (Post 2117258)
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 07-20-2022 10:18 AM

Quote:

Originally Posted by Fltpkr (Post 2117262)
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 07-20-2022 11:15 AM

Quote:

Originally Posted by retiredguy123 (Post 2117011)
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 07-20-2022 11:17 AM

Musk
 
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 07-20-2022 11:32 AM

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 07-20-2022 11:33 AM

Quote:

Originally Posted by fgaba1949 (Post 2117295)
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 07-20-2022 12:00 PM

Quote:

Originally Posted by MidWestIA (Post 2117297)
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 07-20-2022 12:01 PM

Quote:

Originally Posted by msilagy (Post 2117300)
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 07-20-2022 03:04 PM

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 07-20-2022 04:04 PM

Quote:

Originally Posted by MartinSE (Post 2117210)
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 07-20-2022 04:11 PM

Quote:

Originally Posted by Stu from NYC (Post 2117366)
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

Babubhat 07-20-2022 05:47 PM

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

Babubhat 07-20-2022 05:49 PM

Quote:

Originally Posted by NewRealms (Post 2117258)
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 07-20-2022 06:32 PM

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. 07-20-2022 07:15 PM

Quote:

Originally Posted by GizmoWhiskers (Post 2117151)
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 07-20-2022 09:18 PM

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 07-21-2022 08:00 AM

So your a genius.

Lisanp@aol.com 07-21-2022 08:15 AM

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 07-21-2022 08:17 AM

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 07-21-2022 11:55 AM

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 07-21-2022 12:48 PM

Quote:

Originally Posted by Quixote (Post 2117631)
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 07-21-2022 04:45 PM

Musk is Brilliant
 
Quote:

Originally Posted by MartinSE (Post 2117014)
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 07-21-2022 05:24 PM

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

retiredguy123 07-21-2022 05:51 PM

Quote:

Originally Posted by Djean1981 (Post 2117722)
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 07-21-2022 07:04 PM

Quote:

Originally Posted by Djean1981 (Post 2117722)
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 07-24-2022 08:20 PM

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 08-11-2022 05:55 PM

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 08-11-2022 06:12 PM

Quote:

Originally Posted by CoachKandSportsguy (Post 2124955)
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 08-11-2022 06:13 PM

Quote:

Originally Posted by CoachKandSportsguy (Post 2124955)
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 08-11-2022 08:41 PM

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 08-11-2022 09:17 PM

Quote:

Originally Posted by Brad-tv (Post 2124996)
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.


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