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Question needs to be asked to Elon Musk: Did you but Twitter to shut down Elon Musk Plane? (Original Post) PA_jen Apr 2022 OP
typo CurtEastPoint Apr 2022 #1
He's something of a nut and wild card, but there are plenty of rational Hortensis Apr 2022 #2
There is interesting speculation on BLoomberg this morning wondering where Musk will come up with JohnSJ Apr 2022 #3
Banks and other private equity firms. A HERETIC I AM Apr 2022 #4
Not all. In fact he has to come up with 20 billion of his own money for it. He has plenty of JohnSJ Apr 2022 #5
Let me reread what I typed above... A HERETIC I AM Apr 2022 #6
Tesla dropped a 100 points off of its over-priced stock I suspect because Wall Street expects he JohnSJ Apr 2022 #7
He Over Paid modrepub Apr 2022 #8

Hortensis

(58,785 posts)
2. He's something of a nut and wild card, but there are plenty of rational
Tue Apr 26, 2022, 11:01 AM
Apr 2022

reasons. Plus, questionable to very deplorable as his social judgment can be, his overwhelming tendency has been to reach for the stars, not seek out the mud. If only Twitter was a new vehicle.

New York Times columnist Kara Swisher: “The real story here amid all the ⁦Elon Musk of it all is how badly the business and also its stock has fared for such a high profile product. Musk simply saw that and took his shot.”

Analyst Michael Nathanson: “Twitter’s sale for $54.20 is final evidence that the idea of Twitter has been far more valuable than the actual long-run operations of Twitter!”

THR’s Alex Weprin recalls Musk saying that “when I was a kid, my favorite book was The Lord of the Rings.” Weprin says “Twitter may be the closest thing to magic when it comes to the flow of information, with all the world’s greatest minds, its most high-profile figures, and a cesspool of trolls, all sharing the same stage. Now Musk gets to be its wizard.”

JohnSJ

(92,190 posts)
3. There is interesting speculation on BLoomberg this morning wondering where Musk will come up with
Tue Apr 26, 2022, 11:17 AM
Apr 2022

the money from?

Will it be from his Tesla shares or somewhere else


JohnSJ

(92,190 posts)
5. Not all. In fact he has to come up with 20 billion of his own money for it. He has plenty of
Tue Apr 26, 2022, 11:25 AM
Apr 2022

collateral through his Tesla shares and other investments, but no private equity firm or bank will cover him for 100%, because Twitter is a risky investment.

They haven't shown a profit since they emerged


A HERETIC I AM

(24,368 posts)
6. Let me reread what I typed above...
Tue Apr 26, 2022, 11:28 AM
Apr 2022

Nope…nowhere did I say 100% of the funds would be from other sources.


Thanks

JohnSJ

(92,190 posts)
7. Tesla dropped a 100 points off of its over-priced stock I suspect because Wall Street expects he
Tue Apr 26, 2022, 12:16 PM
Apr 2022

will drop some of his Tesla shares to pay for this

modrepub

(3,495 posts)
8. He Over Paid
Tue Apr 26, 2022, 12:35 PM
Apr 2022

If I was running that website and he offered me $1m for the site I would have sold. But he lowballed the kid with like what, $5,000 dollars and the kid laughed. For a rich guy he certainly doesn't seem to have any idea what it takes to "buy" someone to go away.

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