That motherfucker owes me money. If you need some info you should get it before you offer to pay for something. Twitter was always a shit sandwich. Everyone knows that. No one forced him to try to buy it, much less offer to buy it at substantially more than the market indicated it's worth. Are we sure he's not a jew?
No one forced him to try to buy it,
You are ignorant of the deal. He is not buying it alone, he is working with several banks. Banks, that are in a very antagonistic position with the bank that owns most of twitter. I suspect that there are some serious ulterior motives going on here. This is important. It was not Musk's money buying twitter, but a loan from big banks. This is a financial conspiracy to destroy twitter. With banks getting involved more security laws kick in, and this FORCES government oversight.
This is a shockingly nasty situation. God i love watching it from afar.
I'm like 150 bucks invested. Some people on here seem a lot more than that. Whether just emotionally or whatever position they took, I dunno.
So, how do banks destroy Twitter? As far as businesses-that-are-a-website go Twitter is in a reasonably good position. They're probably overvalued as an investment, but they have a lot of real users. More than, I'd say, reddit. Insta and TikTok exist, but I don't see them as replacements so much as services that can comfortably coexist -- that will have a lot of overlapping users.
What Twitter should do in sort of a worst case is fire all their useless employees and keep the users. I don't know whether Mr Musk actually wants to acquire Twitter. If not, it's a dick move for him to say he did. I certainly won't be involved again. Fool me once, you know.
So, how do banks destroy Twitter?
While there are a few big names that own a lot of stock, most of the stock, from my understanding, is held by banks. This gets scary because those stocks are probably being used to fund pension funds, 401ks, or are investment assets that the banks hold. So if it is over valued due to fraud, then they will have to extract as much money out of twitter to set the books right.
You've obviously never bought anything more expensive than a hamburger. They gave him the info, and the info was false. If you agreed to buy a hamburger that was 100% beef and half the patty turned out to be rat turds, there's no "muh doo diilegens" argument. It's just fraud.
(post is archived)