RIP Twitter

#6,801
#6,801
Grand Vol said:
Let's see about "impossible"

Dude made electric cars mainstream. Something that hadn't been done by any major car manufacturer. Is the concept new? Not at all. Has the widespread use and promotion been done before?

No, it has not.

And reusable rockets aren't a "new" idea either. But companies just couldn't (or wouldn't since one time use jacks up the price) do it and said it couldn't be done.

He did it... pretty successful at it too.

I see you mentioned Hyperloop... funny you said that since the idea was his but he had no financial stake in any of the companies doing the work. The closest thing was the Boring Company which hadn't had a lot of work to date.

And Twitter... do you honestly think the value of the company is where it's at? Let me ask this; if he went public tomorrow, how long would it take for those shares to skyrocket (no pun intended) on the market? Even if they do go out at "valued" price, brokers and investors will snag them up like they are free. Because they will do nothing but go up in price.

There is a lot he can and maybe should do with Twitter. And who knows what will happen. But to make the claim that Twitter is a big "fail" of his isn't necessarily coming to fruition yet. He's had it what, a year? A little longer? And if you want to give the "go **** yourself" comment he made, at a minimum, quote the entire thing in context.
Click to expand...

Why can't you admit that "never" and "impossible" were hyperbole? You're saying he did some cool things, which I already stated despite being a "simpleton" and sounding like a rabid liberal. You're not demonstrating anything impossible. You're proving my point.

Musk put a $22B valuation on it. Then I think it was Fidelity later put a $12B value on it. Why would I think those aren't real values?

If Musk were to say, "we're going public, we're gonna have a board, and I'm going to relinquish a lot of power," then people would buy and value would probably go up significantly, but you realize that's losing for Musk. First of all, he doesn't want to give up power. To make the value go up, he has to start selling shares at like $0.40 on the dollar vs. what he bought it for. He can't go public pretending it's the $44B company he bought it for.
 
#6,802
#6,802
n_huffhines said:
Why can't you admit that "never" and "impossible" were hyperbole? You're saying he did some cool things, which I already stated despite being a "simpleton" and sounding like a rabid liberal. You're not demonstrating anything impossible. You're proving my point.

Musk put a $22B valuation on it. Then I think it was Fidelity later put a $12B value on it. Why would I think those aren't real values?

If Musk were to say, "we're going public, we're gonna have a board, and I'm going to relinquish a lot of power," then people would buy and value would probably go up significantly, but you realize that's losing for Musk. First of all, he doesn't want to give up power. To make the value go up, he has to start selling shares at like $0.40 on the dollar vs. what he bought it for. He can't go public pretending it's the $44B company he bought it for.
Click to expand...

Ever think the company was overvalued to begin with? I'm pretty sure a few people pointed that out.
 
#6,804
#6,804
n_huffhines said:
The idea that somebody would say never bet against him when we're in a thread that's all about a gigantic failure of his is just kinda funny. Should've bet against the hyperloop.

What has he done that was "impossible"? He's done great work, but I don't think making electric cars, launching satellites/rockets, and devaluing a social media company are impossible feats. It's all been done by others.
Click to expand...
It's hilarious that you still think X (twitter) is failing.

NASA & others in the aerospace industry said reusable rockets and being able to land them safely back on earth was impossible and he & SpaceX proved they were fools.
 
#6,809
#6,809
Grand Vol said:
That's fair. Now do you think Musk will ever get an ROI from Twitter?
Click to expand...

Can he grow it to bigger than $44B some day and get an accounting ROI? Probably. Especially if he hangs onto it for several decades.

Do I think he can make an economic profit and overcome the opportunity cost of sinking $ into this? That's going to be quite a bit harder. You can invest in an index fund and double your money on average every 8 years or so. If it takes him 16 years to make Twitter into a $80B company, then he still lost because $44B would be worth $176B after 16 years in an index fund.
 
#6,810
#6,810
Musk has owned twitter for what, a little over a year now? Way to early to call it a failure or to claim it's failing.
 
#6,811
#6,811
CagleMtnVol said:
What is your evidence it's failing?
Click to expand...

His own statement that it was worth like $22B and Fidelity (a major stakeholder) who later said $12B.

I've already stated this several times in this thread. So what are you basing your position on?

What about this fact? Twitter is in such bad shape that they boasted advertisers like Visa were "back" because Visa spent $10 over 12 weeks on ad campaigns.
 
  • Like
Reactions: NashVol11
#6,812
#6,812
hog88 said:
Musk has owned twitter for what, a little over a year now? Way to early to call it a failure or to claim it's failing.
Click to expand...

What does failing mean if a huge drop in valuation isn't failing? I get you can hold out hope that it could become a success some day, but in the present, it is definitely failing. What were the objectives? I assume one of the objectives was to make $ and he professed a desire to create a free speech platform. He's not making money and he's not making a free speech platform.
 
  • Like
Reactions: NashVol11
#6,813
#6,813
hog88 said:
Musk has owned twitter for what, a little over a year now? Way to early to call it a failure or to claim it's failing.
Click to expand...

He did overpay for it by 15-20 billion and couldnt't get out of the deal (i.e the unsubstantiated bot excuse)once he realized he overpaid for it....
 
  • Like
Reactions: NashVol11
#6,814
#6,814
n_huffhines said:
What does failing mean if a huge drop in valuation isn't failing? I get you can hold out hope that it could become a success some day, but in the present, it is definitely failing. What were the objectives? I assume one of the objectives was to make $ and he professed a desire to create a free speech platform. He's not making money and he's not making a free speech platform.
Click to expand...

No, I wouldn't label it failing at this point especially since I have no idea what he has planned for it. If he hasn't increased it's valuation well beyond the purchase price after 5 years then I'd call it a failed/poor investment.
 
#6,816
#6,816
BigOrangeMojo said:
He did overpay for it by 15-20 billion and couldnt't get out of the deal (i.e the unsubstantiated bot excuse)once he realized he overpaid for it....
Click to expand...

This is a part of the failure. Why would he think it was worth $44b and then realize it's worth $24b? Because he agreed to a bad deal after not doing due diligence? That's a failure....and if he really settled on $24b-$29b he should have ate the penalty for welching. A $1b* bath is better than a $20b bath.

*i'm pretty sure that was the penalty
 
#6,817
#6,817
hog88 said:
No, I wouldn't label it failing at this point especially since I have no idea what he has planned for it. If he hasn't increased it's valuation well beyond the purchase price after 5 years then I'd call it a failed/poor investment.
Click to expand...

So how long did you wait to say Biden was failing?
 
  • Like
Reactions: NashVol11
#6,818
#6,818
When his creditors who put up the money for his purchase of twitter start calling the loans, you can fairly call it a failure.
 
#6,820
#6,820
hog88 said:
LOL

Biden was a failure prior to becoming president. But nice deflection.
Click to expand...

Deflection from what? You didn't ask me anything. There is no other response that should be made. I said my part. You said yours. I don't need to say it again. Pardon me for making a different point. Next time, I'll do the VN thing and repeat myself but change the words up a little bit so we can go around in a circle.
 
#6,821
#6,821
n_huffhines said:
This is a part of the failure. Why would he think it was worth $44b and then realize it's worth $24b? Because he agreed to a bad deal after not doing due diligence? That's a failure....and if he really settled on $24b-$29b he should have ate the penalty for welching. A $1b* bath is better than a $20b bath.

*i'm pretty sure that was the penalty
Click to expand...

The way the deal was done, the $1B penalty would not have terminated the deal. Shareholders would have sued for the difference....

The $1B penalty only applied if there were regulatory, financing, or antitrust concerns.

Loading…

www.google.com
 
  • Like
Reactions: n_huffhines
#6,822
#6,822
n_huffhines said:
Deflection from what? You didn't ask me anything. There is no other response that should be made. I said my part. You said yours. I don't need to say it again. Pardon me for making a different point. Next time, I'll do the VN thing and repeat myself but change the words up a little bit so we can go around in a circle.
Click to expand...

It was a deflection. Biden wasn't mentioned in this conversation, had nothing to do with this conversation or subject and yet you had to go there in order to deflect from your failed argument.
 
#6,823
#6,823
BigOrangeMojo said:
The way the deal was done, the $1B penalty would not have terminated the deal. Shareholders would have sued for the difference....

The $1B penalty only applied if there were regulatory, financing, or antitrust concerns.

Loading…

www.google.com
Click to expand...

Thanks for the clarification.

What would they likely get in damages? How could it be much more than $1B in damages?
 
#6,824
#6,824
n_huffhines said:
His own statement that it was worth like $22B and Fidelity (a major stakeholder) who later said $12B.

I've already stated this several times in this thread. So what are you basing your position on?

What about this fact? Twitter is in such bad shape that they boasted advertisers like Visa were "back" because Visa spent $10 over 12 weeks on ad campaigns.
Click to expand...

I have this feeling advertisers will return sooner rather than later... maybe not Disney, but others will. They realize just as much as Musk does the "woke" agenda isn't a path to success. And the liberal mob screeching is, generally speaking, an extreme minority. Just like the extremist MAGA mob is, generally speaking, a minority.

Companies not advertising because... free speech... is not a good look these days. And to claim "hate speech is on the rise" isn't the same either. Because you can look at FB or IG or Tiktok or any social media platforms and find "hate speech on the rise." And likely just as much or more as Twitter. But Twitter is the only one that got hammered for it? And because they opened the place back up as inclusive to all political beliefs and not just those moderators agreed with?

Again, advertisers will be back since Twitter is still one of the "big" sites in the social media hierarchy.
 
#6,825
#6,825
hog88 said:
It was a deflection. Biden wasn't mentioned in this conversation, had nothing to do with this conversation or subject and yet you had to go there in order to deflect from your failed argument.
Click to expand...

Give me a break, dude. It was a semantic discussion and you were definining what you count as failing. Nobody is wrong. Nobody is right. It's a subjective matter of opinion. The fact that you think I made a failed argument and you are winning is some sort of insecure fantasy you're having.
 
New posts
You must log in or register to reply here.

VN Store



Back
Top