The ongoing Elon Twitter saga: "insert demographic" melts down

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bris said:
Thats assets not real cash, his worth on paper is not the same as hard cash that he needs to run businesses.

To turn it into cash he needs to sell stock, but theres a catch, everytime he sells the shares go down, reducing his net worth by billions

Richest person in the world, maybe but its monopoly money, it only exists on paper and is subject to market conditions.

bad business like twitter eat into it, slowly but surely and in this case its 120 million a month and rising.

Advertisers are running scared of twitter, his ad revenue is down a massive 40%, people just don't like Musk, its as simple as that.
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so the same as pretty much every single other person on the top 10 rich list then? Unless you think the likes of Gates/Zucks etc have a 13 figure bank account?
Colonel_Klinck said:
Sells billions in stock when Tesla is at its peak after promising stock holders his money is the last money out. No he doesn't give a damn about the money :rolleyes: Oh I've got these magic beans you might like....
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oh no! man sells overpriced tesla stock to fund twitter buyout, the horrors :rolleyes:
Colonel_Klinck said:
Read his tweet. It doesn't say they might fund it, it says they will fund it.
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keyword is unfairly
 
C Kent said:
oh no! man sells overpriced tesla stock to fund twitter buyout, the horrors :rolleyes:

keyword is unfairly
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Nonsense. He sold off billions well before he sold off even more for Twitter. Now I have no issue with a capitalist selling off their stock to make money, these guys are driven by money. Its people like you and Roar who claim he doesn't care about money that are deluded. If this guy told you the sky was green you'd find a way to agree with him.
 
Colonel_Klinck said:
Nonsense. He sold off billions well before he sold off even more for Twitter. Now I have no issue with a capitalist selling off their stock to make money, these guys are driven by money. Its people like you and Roar who claim he doesn't care about money that are deluded. If this guy told you the sky was green you'd find a way to agree with him.
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Why hasn't he changed his twitter habits then? If he cares as much as you claim then surely he would post less or stop with the spicy takes? Seems to me as if he is doubling down more often than not. Again why are you ignoring what the bloke has said regarding twitter and instead basically repeating ad nauseam 'hur hur rich man care about money only'
 
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C Kent said:
Why hasn't he changed his twitter habits then? If he cares as much as you claim then surely he would post less or stop with the spicy takes? Seems to me as if he is doubling down more often than not. Again why are you ignoring what the bloke has said regarding twitter and instead basically repeating ad nauseam 'hur hur rich man care about money only'
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You are the one making the claim the richest man in the world doesn't care about money. Give your head a wobble, some of you guys are as bad as MAGA lot are with Trump, its almost a cult.

He is only a part of why advertisers have dropped twitter. Its the toxic accounts he's allowed back on, the lack of any moderation and their ads appearing next to tweets they don't want their products associated with. He has made terrible business decisions in the past and Twitter was another one, doesn't mean he doesn't care about money. Rich people can make bad decisions too.
 
Colonel_Klinck said:
You are the one making the claim the richest man in the world doesn't care about money. Give your head a wobble, some of you guys are as bad as MAGA lot are with Trump, its almost a cult.
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oh look, resorting to type with the pathetic personal attacks, grow up.
Colonel_Klinck said:
He is only a part of why advertisers have dropped twitter. Its the toxic accounts he's allowed back on, the lack of any moderation and their ads appearing next to tweets they don't want their products associated with.
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All these things are/were fixable - why has he done none of them?
 
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C Kent said:
oh look, resorting to type with the pathetic personal attacks, grow up.
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When someone just stamps their feet and says "he doesn't care about money" when he clearly does and defends the guy no matter what he says or does I'll call it how I see it and its cult like. If you want to feel that is personal insult that is on you.
C Kent said:
All these things are/were fixable - why has he done none of them?
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Duh because he makes bad choices. Like he did with X.com and the board members having to sack him as his obsession was leading the company to bankruptcy. Or his other business failures.
 
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C Kent said:
its literally the latest one, just over 24 hours ago. I'm 100% sure there are examples of this sort of spicy take every day. Go look at this twitter profile, here it is.
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Given you know where his profile is and seem to follow it given you think others must that don't even like the guy, and your comment about him doubling down, you actually provide the proof. It shluld be super freaking easy for you, and already you're struggling.

Seems again you've made a fake statement to prove a fake made up point.
 
Colonel_Klinck said:
When someone just stamps their feet and says "he doesn't care about money" when he clearly does and defends the guy no matter what he says or does I'll call it how I see it and its cult like. If you want to feel that is personal insult that is on you.
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Of course he cares, you don't get to be rich unless you do. My point, which you will know unless you've decided to come wading in without reading it (wouldnt surprise me) is that his principles regarding twitter have taken precedence over the desire to turn a profit - all backed up by how he hasn't changed what he is doing regarding twitter since he bought it!!

Colonel_Klinck said:
Like he did with X.com and the board members having to sack him as his obsession was leading the company to bankruptcy. Or his other business failures.
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That's false I'm afraid, 'x.com' wasn't close to being bankrupt, nor was bankruptcy the reason he was forced out.

unwashed potato! said:
Given you know where his profile is and seem to follow it given you think others must that don't even like the guy,
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click musks name in the twitter post quoted to you and you'll be taken to musk's twitter feed, it's not that hard.

unwashed potato! said:
and your comment about him doubling down, you actually provide the proof. It shluld be super freaking easy for you, and already you're struggling.


Seems again you've made a fake statement to prove a fake made up point.
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What exactly are you arguing about? That he has changed his behaviour? Or is the phrase 'doubling down' causing you issues? In the past week you've had the x sign on the twitter building, him saying the new york times should be cancelled for 'supporting calls for white genocide', supporting an increase to the voting age in the US, saying he will fund legal bills for folks unfairly treated by employers for posting things on twitter, posting memes about legacy media, retweeting tucker carlson, tweeting about how being in total agreement with a political party means you are a cult member, the 'i love canada' tshirt - that's all without looking at his replies of which I'm sure there are many more examples.

If you want more, or ones from before the past 7 days go ******* find them yourself.
 
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C Kent said:
What exactly are you arguing about? That he has changed his behaviour? Or is the phrase 'doubling down' causing you issues
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Come on, I know you're not really dense. I've asked for you to give examples of doubling down as you put it. Why are you struggling to understand a simple request.

Sankari was asked to give examples why x candidate was bad. And he listed 5 or so reasons. He didn't just go "look for yourself", he was smart enough to simply say, here are some of rhe reasons.

You on the other hand really struggled...
 
unwashed potato! said:
Come on, I know you're not really dense. I've asked for you to give examples of doubling down as you put it. Why are you struggling to understand a simple request.

Sankari was asked to give examples why x candidate was bad. And he listed 5 or so reasons. He didn't just go "look for yourself", he was smart enough to simply say, here are some of rhe reasons.

You on the other hand really struggled...
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Ones in GD the other is in SC - do your own research in GD homeboy :p
 
C Kent said:
Of course he cares, you don't get to be rich unless you do. My point, which you will know unless you've decided to come wading in without reading it (wouldnt surprise me) is that his principles regarding twitter have taken precedence over the desire to turn a profit - all backed up by how he hasn't changed what he is doing regarding twitter since he bought it!!
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Oh so now he cares.

C Kent said:
That's false I'm afraid, 'x.com' wasn't close to being bankrupt, nor was bankruptcy the reason he was forced out.
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The board members fired him because of his obsession with an all in financial site, much like he is talking about with Twitter now. He was burning through money trying to move it to Microsoft from Unix and ignoring what Paypal was actually good at. He also wanted to change the name to X.com which focus groups said sounded like a seedy adult site. They fired him when he was out of the country and later sold Paypal which is still the biggest online payment site in the West.
 
Colonel_Klinck said:
Oh so now he cares.
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So you didn't read my original point, just decided to come wading in with your size 4's..how shocking.
Colonel_Klinck said:
The board members fired him because of his obsession with an all in financial site, much like he is talking about with Twitter now. He was burning through money trying to move it to Microsoft from Unix and ignoring what Paypal was actually good at. He also wanted to change the name to X.com which focus groups said sounded like a seedy adult site. They fired him when he was out of the country and later sold Paypal which is still the biggest online payment site in the West.
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Correct, nothing to do with bankruptcy as per your original claim.
 
C Kent said:
So you didn't read my original point, just decided to come wading in with your size 4's..how shocking.

Correct, nothing to do with bankruptcy as per your original claim.
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What part of "burning through money" are you having problems with?
IIRC at the time Paypal was making a loss and his actions were both causing an unnecessary massive extra cost to the company, but also scaring off investors who had the money needed to keep the company going until it could turn a profit.

He was also determined to offer high limit credit cards to anyone, without credit checks.

Now I'm not a 5d super genius but I can understand why that is not the greatest idea on the planet, and apparently that was the case (a very high default rate), apparently the only thing that stopped it being much worse was that some of the other people there followed the letter of his instruction, but not the spirit and hid the application page and Musk didn't ever bother to check on it, so they got the applications from people who couldn't pay, and those who were not actually real people and had to give them the credit that Musk demanded, but only a relatively few people found that page before Musk was out and people who understood money were in.
 
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Werewolf said:
What part of "burning through money" are you having problems with?

He was also determined to offer high limit credit cards to anyone, without credit checks.

Now I'm not a 5d super genius but I can understand why that is not the greatest idea on the planet, and apparently that was the case (a very high default rate), apparently the only thing that stopped it being much worse was that some of the other people there followed the letter of his instruction, but not the spirit and hid the application page and Musk didn't ever bother to check on it, so they got the applications from people who couldn't pay, and those who were not actually real people and had to give them the credit that Musk demanded, but only a relatively few people found that page before Musk was out and people who understood money were in.
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Fine if you wanna play like that, citation for 'burning through money' and citation for any mention of bankruptcy as to why musk was forced out.
 
C Kent said:
so the same as pretty much every single other person on the top 10 rich list then? Unless you think the likes of Gates/Zucks etc have a 13 figure bank account?
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Gates has already given away over 50 billion his wife a similar amount to foundations he cares about, the bezos do a similar thing.

They have already stated that their entire fortune in the 100billion plus range will be given away to good causes, now they don't care about money, you certainly cant see musk saying that unless you are completely deluded, oh wait

So you cant even put Musk on the same page as Gates he's not even close.
 
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