It's already committed, Walter, probably at a nice low rate. This is Elon Musk that we are discussing, Walter.
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Elon Musk’s Twitter takeover isn’t so bad
- Thread starter cancel2 2022
- Start date
It's already committed, Walter, probably at a nice low rate. This is Elon Musk that we are discussing, Walter.
Walter, Walter, Walter, weren't you taught at an early age that it is wrong to lie (bear false witness)?
There was a whole court case about Musk trying to get out of this deal. How did you miss it?
I am being completely serious about this. This is the biggest business news story of an exciting business news time, and somehow you missed it?
I know that you really love Mr. Musk, Walter.
I like Musk, though honestly I have not met him. I have met Bezos and Cuban. I really liked Bezos, but really disliked Cuban. Bezos' ex-wife (Mackenzie) is great. I was sad that they got divorced. They made a good couple.
The Twitter deal is 100% funded.
They are still working out the details. Just out of curiosity, how have you not noticed that the Fed is raising interest rates, tightening credit, and there is high inflation?
It's already committed, Walter, probably at a nice low rate. This is Elon Musk that we are discussing, Walter.
Why would it be a nice low rate? That is a serious question.
If you are looking at 8% inflation, and you give a loan at 2% interest, you are losing 6% before you even talk about the cost of money. Lets put a cost of money at 2%, which is low considering the Fed (and every other central bank on Earth) is tightening credit, and you are up to 8%. If you throw in 2% risk, and you are up to 10%. We are using the best numbers we can think of for Musk, and we are getting a 10% per year loss.
Would you hand Musk money knowing you would lose 10% a year?
So why would he get a nice low interest rate?
Now a few years ago, when the global saving glut was hitting everything hard, inflation was bordering on negative, with interest rates only slightly higher, then he could have gotten a nice low interest rate. Today, why would he get a nice low interest rate?
In Spain, the going price was 300 pesetas (5) dollars American for un "rato" (a while) and 500 pesetas (8 dollars and change) for todo la noche (all night).
The Spanish currency was a floating currency, so along with it being worth less, Spaniards expected more of it. It would be like saying the dollar is worth 100 pennies, so if you offer to pay in pennies you will get a much better deal.
Quote Originally Posted by Walt View Post
Musk will get stuck with insanely high interest rates. He assumed when he made the offer that interest rates would be low, with easy to get credit. That assumption turned out to be wrong. Add into that a collapse in the main source of revenue. This is a business nightmare.
Which is why Musk tried desperately to get out of it. No one tries desperately to get out of a good deal. Musk knows he made a mistake.
When he first made the offer, everyone was trying to get in on the deal. Right now, no one wants to finance this dog.
He did not desperately try to get out of anything, Walter. He saw that the participation numbers were grossly over-represented by Bots.
Everything will be fine, Walter.
Get some sleep, I am well accustomed to all-nighters.
Musk will get stuck with insanely high interest rates. He assumed when he made the offer that interest rates would be low, with easy to get credit. That assumption turned out to be wrong. Add into that a collapse in the main source of revenue. This is a business nightmare.
Which is why Musk tried desperately to get out of it. No one tries desperately to get out of a good deal. Musk knows he made a mistake.
When he first made the offer, everyone was trying to get in on the deal. Right now, no one wants to finance this dog.
He did not desperately try to get out of anything, Walter. He saw that the participation numbers were grossly over-represented by Bots.
Everything will be fine, Walter.
Get some sleep, I am well accustomed to all-nighters.
The Spanish currency was a floating currency, so along with it being worth less, Spaniards expected more of it. It would be like saying the dollar is worth 100 pennies, so if you offer to pay in pennies you will get a much better deal.
Why would you believe that I paid those rates, Walter?
There were plenty of Scandinavian, British, German and Americans touring in Spain looking for love.
He did not desperately try to get out of anything, Walter.
He wanted to get out of the deal, and came up with a desperate reason that was in the process of getting laughed out of court.
Get some sleep, I am well accustomed to all-nighters.
The only time that I can run the big financial risk modeling software is when everyone else is not business, so I work a lot at night.
Everything will be fine, Walter.
One thing dealing with financial risk modeling has taught me is that whenever anyone says that, they are lying, and/or stupid. The only thing that keeps everything fine is hundreds of thousands of very smart people working around the clock.
It is sad that so much brain power is wasted on finance. I keep thinking of the Bridge scene of the movie Margin Call.
Is Donald Trump coming back to Twitter?
Now that Elon Musk is running Twitter, the Tesla billionaire is likely to reverse a permanent ban against Trump for inciting violence during the Jan. 6 attack on the Capitol.
Musk has indicated he would allow Trump back on the social media platform where the former president had more than 88 million followers.
“Would be great to unwind permanent bans, except for spam accounts and those that explicitly advocate violence,” Musk texted then-Twitter CEO Parag Agrawal in April, according to court filings.
At a conference in May, Musk said: “I do think it was not correct to ban Donald Trump, I think that was a mistake.”
usatoday.com
Now that Elon Musk is running Twitter, the Tesla billionaire is likely to reverse a permanent ban against Trump for inciting violence during the Jan. 6 attack on the Capitol.
Musk has indicated he would allow Trump back on the social media platform where the former president had more than 88 million followers.
“Would be great to unwind permanent bans, except for spam accounts and those that explicitly advocate violence,” Musk texted then-Twitter CEO Parag Agrawal in April, according to court filings.
At a conference in May, Musk said: “I do think it was not correct to ban Donald Trump, I think that was a mistake.”
usatoday.com
Is Donald Trump coming back to Twitter?
It is going to be a tough decision for trump. he has a lot of money tied up in not going back to Twitter. truth social is his planned cash cow. I personally do not think it would ever be successful, but if he goes back to Twitter, it definitely will not be successful.
The other side to the argument is trump loved Twitter. It was clean, simple, and succinct, which worked very well for trump. Some would argue he was addicted to it.
On the third hand(private joke, which you probably do not get), Musk has said he will destroy all that is clean, simple, and succinct about Twitter, and make it a place where you can do everything from order a pizza to get car insurance. I just do not think trump will like an "everything" app.
I am getting bored with your "predictions", and I think you are getting angry with my predictions, but one last prediction:
trump will sacrifice truth social, and come back to Twitter. Two or three years from now, he will decide Twitter has become too much of a monster to deal with, and leave Twitter, and so will get the worst of all worlds. To hedge my bets a little, I consider "leaving Twitter" to be posting once or fewer times a month, so it could technically be considered staying.
cancel2 2022
Canceled
Dorsey says he has given a billion to charity, and holds his stocks through holder corporations. The only way he is paying anything in taxes is if he personally takes the money (doubtful), and even then he will have a hefty charity deduction.
Dorsey has divested from Twitter a lot. He only owns about 2.4% of it, which adds up to about a billion right there. There are probably stock options still floating out there, which might add up to another billion. And he still has a few billion in other investments. He will remain richer than trump, even after giving away a billion dollars.
So what does that have to do with APL's ludicrous assertion that Dorsey was $44 billion richer?
So what does that have to do with APL's ludicrous assertion that Dorsey was $44 billion richer?
Dont ask too many questions!
On the third hand(private joke, which you probably do not get), Musk has said he will destroy all that is clean, simple, and succinct about Twitter, and make it a place where you can do everything from order a pizza to get car insurance. I just do not think trump will like an "everything" app.
Why would you think that I would not get the joke?
You really should place a space between "hand(private joke" Walter.
Why would you think that I would not get the joke?
You really should place a space between "hand(private joke" Walter.
So what does that have to do with APL's ludicrous assertion that Dorsey was $44 billion richer?
APL overestimated the upside to Dorsey. You underestimated the upside to Dorsey. I responded to your underestimation. It really is not that complex. If I have to explain to you every post I make, we will just waste time.
Stone, go to bed.
Is Stone still posting somewhere?
Is Stone still posting somewhere?
Look at the bottom of this page, Walter.
Stone is listed as "currently 6 users browsing this thread."
If I have to explain to you every post I make, we will just waste time.
Look at the bottom of this page, Walter.
Stone is listed as "currently 6 users browsing this thread."
If I have to explain to you every post I make, we will just waste time.
He has not posted anything in 24 hours, so there is no proof he is actually looking at the browser, just that the browser is open to the website. He could be sleeping right now.
He has not posted anything in 24 hours, so there is no proof he is actually looking at the browser, just that the browser is open to the website. He could be sleeping right now.
So what, Walter?
There is no proof that he is not actually looking at his browser.
He probably believes that your inane posts do not merit a response.
I'm getting to that point, too, Walter.