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It remains very funny that he paid forty-five billion dollars for the privilege of humiliating himself daily with these petulant temper-tantrums. Amazing bit.
by browserman 4y ago
It remains very funny that he paid forty-five billion dollars for the privilege of humiliating himself daily with these petulant temper-tantrums. Amazing bit.
- rodgerd 4y ago"An insecure narcissist buys a criticism factory" remains the best one-line summary of the situation.
- refulgentis 4y agolmao
- dredmorbius 4y agoSauce: <https://nitter.net/ben_schachterle/status/1589893255340392448 https://nitter.net/ben_schachterle/status/158989325534039244...>
- eropple 4y agoThere's probably a portion of the TSLA slide that can be chalked up to this, too. So more than $45b, though how much more is anyone's guess.
- gonzo41 4y agohttps://openargs.com/oa645-we-badly-underestimated-just-how-terrible-elon-musk-is-at-business/ https://openargs.com/oa645-we-badly-underestimated-just-how-... This is very good podcast about this exact topic.
- aaronharnly 4y agoThanks for the recommendation!
- makeitdouble 4y agoTo note, he didn't pay the whole forty-five billion dollars, investment banks have a part of that and are also eating dirt. I have no sympathy for them either, but it brings more flavors to the whole thing. [0] https://www.cnbc.com/2022/10/05/banks-financing-musks-twitter-deal-face-hefty-losses.html https://www.cnbc.com/2022/10/05/banks-financing-musks-twitte...
- Province1108 4y agoSecured as debt against his Tesla shares as collateral, which with the slide, means he has to put up more Tesla shares, causing a very nasty snowball effect
- Zigurd 4y agoIFAIK the loans are secured by Twitter equity. Trouble is the loans add up to more than what Twitter is worth. The banks will have to write down the value of those loans. But the equity investors, including Elon, will get what scraps, if any, are left after creditors get paid.
- gmiller123456 4y agoMusk is still on the hook for the loans whether Twitter goes under or not. The danger they face is if Musk loses enough to not be able to cover the loans personally.
- kasey_junk 4y agoThat’s not true. Most of the debt was leveraged against Twitter, it’s a classic LBO. The investment banks have been attempting to change that to a margin loan against TSLA shares, because of course they are. They are holding effectively unsellable debt now.
- adrr 4y ago$13B of debt. https://www.nytimes.com/2022/10/30/technology/elon-musk-twitter-debt.html https://www.nytimes.com/2022/10/30/technology/elon-musk-twit...
- m3kw9 4y agoIf you go out just a little bit not everyone hates him. Personally I think he hasn’t don’t anything overt yet. So he banned a few journalists, do you know why? No right? So why judge so early?
- thwoeiuro23432 4y agoThe journos were doxxing his location. See pretty unethical on their part, if proven true.
- recursv_thnkng 4y agoElon is pulling the wool to incite his mob. He states people are doxxing his real-time location. The only people he’s banning are those that reference publicly available FAA flight data. I even think the owner of the Twitter account put the tweet on a time delay. Far from the truth.
- gcbirzan 4y agoNo, they weren't. They linked to Facebook and Mastodon pages that aggregated publicly available data about where his PLANE went.
- zmgsabst 4y ago…information that had previously gotten an account banned for doxxing. They thumbed their nose at a rule, got banned, and then cried about it. What am I supposed to care about, exactly?
- BryantD 4y agoGiven that the rule didn’t exist when Elon originally banned @ElonJet? I’d suggest that you care about the fact that Elon will ban anyone he wants banned, and make up a justification post-facto. If you don’t care who gets banned from Twitter, then I retract my suggestion.
- sf_rob 4y ago
- Waterluvian 4y agoOh my god. That’s it. This is the greatest joke ever being told before our eyes. “…the Aristocrats!”