Current Events > Twitter's Worth Went From $44 Billion to $8 Billion Under Musk's Leadership

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Humble_Novice
10/07/23 2:25:39 PM
#1:


https://twitter.com/ianbremmer/status/1709917486320066683
https://twitter.com/OMGno2trump/status/1710085053877821511
https://twitter.com/ZaackHunt/status/1709948066076525049

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#2
Post #2 was unavailable or deleted.
King_Rial
10/07/23 2:26:33 PM
#3:


It was never worth $44 Billion. He's just a moron who overpaid because he's a moron. Forced into a deal because he's a moron.

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Revelation34
10/07/23 2:26:49 PM
#4:


Good.

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Umbreon
10/07/23 2:27:13 PM
#5:


Go fasc
Lose cash


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Tyranthraxus
10/07/23 2:29:01 PM
#6:


The fact that he can just piss away that wealth and nobody really even feels it means the wealth was never real in the first place

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King_Rial
10/07/23 2:29:51 PM
#7:


Tyranthraxus posted...
The fact that he can just piss away that wealth and nobody really even feels it means the wealth was never real in the first place
I'm sure the $12 Billion that the bank loaned him is real and felt.

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Yawn_Master2
10/07/23 2:31:18 PM
#8:


Tyranthraxus posted...
The fact that he can just piss away that wealth and nobody really even feels it means the wealth was never real in the first place

when you reread this do you even understand what youre saying? He transferred 44 billion in assets to Twitter to legally become the owner of it.

i thought you were going to end with: and he still is the richest person in the world is insane

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Inohira
10/07/23 2:34:32 PM
#9:


King_Rial posted...

I'm sure the $12 Billion that the bank loaned him is real and felt.

Yeah the banks are infuriated, the whole product is now worth less than the loan assistance, there's little prospect of getting the money back.

Though to be fair they should've just laughed in his face when he asked.

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BewmHedshot
10/07/23 2:34:42 PM
#10:


Yawn_Master2 posted...
He transferred 44 billion in assets to Twitter to legally become the owner of it.
Wat
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Gritty
10/07/23 2:38:05 PM
#11:


Umbreon posted...
Go fasc
Lose cash

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divot1338
10/07/23 2:38:29 PM
#12:


Business genius

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GrandConjuraton
10/07/23 2:39:02 PM
#13:


Umbreon posted...
Go fasc
Lose cash


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#14
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Umbreon
10/07/23 2:41:33 PM
#15:


It's a shame he can still live comfortably

But at the very least his ego is bruised. People like that need to be cock of the walk, and having Twitter burn like this has to bruise that ego.

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Tyranthraxus
10/07/23 2:41:43 PM
#16:


Yawn_Master2 posted...
when you reread this do you even understand what youre saying? He transferred 44 billion in assets to Twitter to legally become the owner of it.

i thought you were going to end with: and he still is the richest person in the world is insane

No. He transferred $44 billion in cash to former Twitter shareholders to legally become the owner of it. Twitter didn't get any of it. They only got debt from the leveraged buyout.

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creativerealms
10/07/23 2:42:37 PM
#17:


One thing. It was never worth 44 billion. We knew when Musk bought it that he over paid. That is was worth at moat half of what he paid.

He's still made it lose value but you still need to remember that detail.

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Gritty
10/07/23 2:44:57 PM
#18:


creativerealms posted...
One thing. It was never worth 44 billion. We knew when Musk bought it that he over paid. That is was worth at moat half of what he paid.

He's still made it lose value but you still need to remember that detail.

that just makes him look even more incompetent and flat out stupid
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Yawn_Master2
10/07/23 2:48:44 PM
#19:


Tyranthraxus posted...
No. He transferred $44 billion in cash to former Twitter shareholders to legally become the owner of it. Twitter didn't get any of it. They only got debt from the leveraged buyout.
A public company is owned by by the shareholders.

what did this mean?

nobody really even feels it means the wealth was never real in the first place

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FL81
10/07/23 2:50:10 PM
#20:


If Twitter dies, it will be Musk's greatest life accomplishment

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RISEofCHRISTIAN
10/07/23 2:51:27 PM
#21:


oh yeah? o yeah?? well what's facebook's worth?

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Inohira
10/07/23 2:52:07 PM
#22:


Funny thing is one might assume, "well Musk is still the richest guy in America, he has more money than he can ever spend anyway, maybe he just doesn't give a fuck that he blew $36 billion on a poor investment" but even that notion is debunked by how desperately he's trying to nickel and dime the community with Twitter Blue subscriptions.

Musk somehow didn't see this coming.

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Yawn_Master2
10/07/23 2:53:57 PM
#23:


Inohira posted...
Funny thing is one might assume, "well Musk is still the richest guy in America, he has more money than he can ever spend anyway, maybe he just doesn't give a fuck that he blew $36 billion on a poor investment" but even that notion is debunked by how desperately he's trying to nickel and dime the community with Twitter Blue subscriptions.

Musk somehow didn't see this coming.

I agree he didn't see this coming, but the 'nickel and dime' theory is in line with operating twitter as a profit maximizing entity as well.

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HylianFox
10/07/23 2:54:42 PM
#24:


Twitter was never worth $44 billion.

Musk is just an idiot

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divot1338
10/07/23 2:55:32 PM
#25:


When you have massive debts and not a ton of actual unleveraged assets, it can be rough when your creditors start demanding you pay.

And as we can all plainly see hes not the kind of person who thinks before acting.

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Solid_Snake07
10/07/23 2:56:43 PM
#26:


Its no longer a public company, which means its financial reports arent public and there is no current trading price.

In other words this was pulled right out of someones ass

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hockeybub89
10/07/23 2:57:32 PM
#27:


Musk blames the Jews for it

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ZevLoveDOOM
10/07/23 2:57:45 PM
#28:


it's almost as if Elon was a complete fucking idiot.

it's crazy, i know...
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King_Rial
10/07/23 2:58:55 PM
#29:


Solid_Snake07 posted...
Its no longer a public company, which means its financial reports arent public and there is no current trading price.

In other words this was pulled right out of someones ass
It wasn't pulled out of their ass. If you read the Business Insider article, they mentioned everything that you wrote, and told you how they came to that number.

And even then, I think they are being generous.

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MICHALECOLE
10/07/23 2:59:14 PM
#30:


King_Rial posted...
It was never worth $44 Billion. He's just a moron who overpaid because he's a moron. Forced into a deal because he's a moron.
Yeah this
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Error1355
10/07/23 3:01:22 PM
#31:


King_Rial posted...
It wasn't pulled out of their ass. If you read the Business Insider article, they mentioned everything that you wrote, and told you how they came to that number.

And even then, I think they are being generous.
Why read an article before commenting on it when you can just give your gut reaction!

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Tyranthraxus
10/07/23 3:02:37 PM
#32:


Yawn_Master2 posted...
A public company is owned by by the shareholders.

It is not public anymore. That was literally the whole point. There are no more shareholders.

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UnfairRepresent
10/07/23 3:05:55 PM
#33:


The goal was never to make money

It was to promote far right hatred, influence opinions and invoke censorship

It's narcissism.

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Yawn_Master2
10/07/23 3:06:34 PM
#34:


Tyranthraxus posted...
It is not public anymore. That was literally the whole point. There are no more shareholders.

yes because, Elon bought the shares. Your tactic of avoiding your statement that made no sense to harp on the semantics of a company being bought out have not gone unnoticed

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King_Rial
10/07/23 3:07:45 PM
#35:


Error1355 posted...
Why read an article before commenting on it when you can just give your gut reaction!
In his defense, these are just tweets of people reacting to articles. No link to the original. Also, I think I got the site wrong. I think it was Rueters. Let me check my history.

https://www.reuters.com/breakingviews/elon-musks-x-is-black-hole-value-2023-10-03/

There it is.

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Giacomo_Hawkins
10/07/23 3:09:13 PM
#36:


So he blamed:
- the previous owners, sued them and lost
- the employees, fired most of them, so they're suing him
- journalists, banned ones who reported on him

Don't forget the Jews, he blamed them too and threatened to sue the ADL.

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ScazarMeltex
10/07/23 3:09:50 PM
#37:


UnfairRepresent posted...
The goal was never to make money

It was to promote far right hatred, influence opinions and invoke censorship

It's narcissism.
Yeah, but Musk's narcissism is also tied to people's misguided view that he's a business genius and this is seriously hurting that. Only his bootlickers think of him as that now. Before this most people just did the "he's kind of odd but he is rich and succesful sobhe must be smart". Now anyone who isn't one of fans is thinking "what a dumbass".

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HylianFox
10/07/23 3:11:19 PM
#38:


ScazarMeltex posted...
Yeah, but Musk's narcissism is also tied to people's misguided view that he's a business genius and this is seriously hurting that. Only his bootlickers think of him as that now. Before this most people just did the "he's kind of odd but he is rich and succesful sobhe must be smart". Now anyone who isn't one of fans is thinking "what a dumbass".

Musk is basically the new Trump

People see "he's a rich guy who can get/do whatever he wants" and interpret it as "he's a genius and totally fit to be in charge of everything"

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Error1355
10/07/23 3:12:00 PM
#39:


UnfairRepresent posted...
The goal was never to make money

It was to promote far right hatred, influence opinions and invoke censorship

It's narcissism.

I think the goal was to manipulate the stock market again but he flew too close to the sun and had to buy Twitter.

The rest I legit think was flying by the seat of his pants. He got praise from the far right idiots so he caters to them because he likes his ego being fluffed.

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Tyranthraxus
10/07/23 3:12:13 PM
#40:


Yawn_Master2 posted...
yes because, Elon bought the shares. Your tactic of avoiding your statement that made no sense to harp on the semantics of a company being bought out have not gone unnoticed

You have been spouting gibberish this entire topic.

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brestugo
10/07/23 3:14:08 PM
#41:


UnfairRepresent posted...
The goal was never to make money

It was to promote far right hatred, influence opinions and invoke censorship

It's narcissism.

Mark Cuban (of all people) is floating a conspiracy theory that Musk bought Twitter to flood the internet with misinformation to pollute future AI machine learning.

It's interesting but there's no way to prove it.

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RchHomieQuanChi
10/07/23 3:16:29 PM
#42:


Is this the meritocracy we desire?

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NeonTentacles
10/07/23 3:18:33 PM
#43:


Let's fucking gooo! When is twitter gonna finally crash into the ground??

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Yawn_Master2
10/07/23 3:18:36 PM
#44:


Tyranthraxus posted...
You have been spouting gibberish this entire topic.

I have a lot of patience for incidents like this. I have a lot of family members who do this.

  1. Twitter shareholders owned Twitter.
  2. Elon Musk bought all of these shares to make the company private
Not sure why that is a point of contention for you other than as a tactic to avoide addressing your initial comment:

Tyranthraxus posted... The fact that he can just piss away that wealth and nobody really even feels it means the wealth was never real in the first place

Fine. Let's say I've been speaking gibberish, if its necessary to get you to self-reflect on this comment its worth it. What the heck does this comment mean?

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Ryangrad
10/07/23 3:21:13 PM
#45:


Tyranthraxus posted...
You have been spouting gibberish this entire topic.
Dude, he's right and you're wrong here. You made a rather foolish post about wealth not being real. Then tried to tapdance around him pointing out that your post was foolish by trying to bring up ancillary things that didn't need any clarification, tried to act as if he didn't understand what they were when he clearly does, and still failed to address his point.

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HylianFox
10/07/23 3:22:49 PM
#46:


brestugo posted...
Musk bought Twitter to flood the internet with misinformation

Is it really a conspiracy theory if it's what's actually happening?

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Sariana21
10/07/23 3:25:39 PM
#47:


We saw a bumper sticker on a Tesla the other day: Bought a Tesla before we knew Musk was crazy or something like that.

Were starting to see a lot more Rivians around here.

I know my post isnt about Twitter, per se, but it does point to the change in peoples attitudes toward Musks companies.

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Zeeak4444
10/07/23 3:28:18 PM
#48:


Yawn_Master2 posted...
I agree he didn't see this coming, but the 'nickel and dime' theory is in line with operating twitter as a profit maximizing entity as well.

its actually not. Everything points to the exact opposite but happy to see what you got to prove that if you wanna try.

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thronedfire2
10/07/23 3:28:53 PM
#49:


Sariana21 posted...
We saw a bumper sticker on a Tesla the other day: Bought a Tesla before we knew Musk was crazy or something like that.

Were starting to see a lot more Rivians around here.

I know my post isnt about Twitter, per se, but it does point to the change in peoples attitudes toward Musks companies.

I finally saw a Lucid Air on the road a few weeks ago and it did look cooler than all the Teslas I see

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Ryangrad
10/07/23 3:29:53 PM
#50:


Sariana21 posted...
Were starting to see a lot more Rivians around here.
We see a ton of Rivian trucks out here in Michigan.

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