Musk buys a big chunk of Twitter

I wasn't telling somebody what stock to buy. But yes, if you want to know how the market is reacting to an event that occured in the last week, it is probably better to look at the last week than the last five years.

 

It depends on the stock and the reason for the fluctuation. Your and my Apple or MS stock isn’t about the bull, it’s a bear that will just get stronger with time. Yet some stocks, like GME, went from $17 dollars a share to over $350 in just a few weeks due to stock manipulation by a short squeeze tactic that backfired by major investors. When there is manipulation at play, it will be quick and focusing on day to day is advisable.

I don’t know if that is the case with Musk and Twitter. On one hand you have Musk that played and manipulated crypto just recently; on the other hand Musk is a narcissist and “controlling” a social platform might be more about ego than profit. Honestly, it all boils down to; I don’t know how someone can make Twitter profitable without ads everywhere that will drive the user base nuts.

 

In general most of the tech companies are down hard as of late. Sure there are a few that aren't.
You guys are splitting hairs.
Tesla is down and PART of it is the fear that Mush may need to sell some TESLA if need be. But that's not the whole reason it's down.

You guys are both right and both wrong.
The whole Nasdaq is down about 5% in the last week.

 

I never claimed that Tesla wouldn't have decreased at all without the issues related to the purchase. But they decreased by more than they would have, which you just said was correct. Only claim that I was making.

 

I too don't know how Musk will make money off of Twitter, but the guy doesn't make a ton of mistakes when it comes to investing. I'll ride with him until he shows me otherwise.

 

Fair enough, like I said you both are partially right. TESLA recent drop has more than one factor. Some is due to the broad market, some Musk's purchase.

There are many tech stocks that have been hammered as of late, some have already sold off some so their recent price drops may be a smaller percentage, as TSLA had held up pretty well during this last retracing event. That was in large part because they crushed their numbers and had a big rise when some of the other names were sliding.

 

In one of the most ironic and oblivious things that have ever been said on MSNBC, leftist host of The Beat, Ari Melber complained in a lengthy monologue about Tesla CEO Elon Musk buying Twitter, and actually worried that Musk could shadowban and censor the Democratic Party’s candidates in the upcoming midterm elections without anyone knowing.


IRONY: MSNBC's Melber Worries Musk Will Shadowban & Censor Dems

This just gets better everyday.

 

So has Musk already won?

 

If getting control means taking a financial bath by someone who can, I suppose it’s a win.

But he’ll turn it into a cartoonish, more polished Gab and it’ll essentially be Musker.

Which I’m all for, FWIW. Private enterprise, go wild. If my assassin Tweeted the date and time of my End of Days, I’d still die unless someone posted it here in time. I extricated myself from that cult quite a while back.

 

Yes

 

How so? Is he taking over Twitter soon with a clear profitable plan? Or is he possibly on the hook for a penalty paid to Twitter with his own Tesla stock down by almost 35% over the last month?

 

It doesn't really matter what happens but yes he's already won.

Musk either buys it and moves forward or he backs out and his net worth goes from $210 Billion to $209 Billion. Musk’s life won't change one bit from backing out.

While liberals cling to any bit of hope that Musk backs out, Musk backing out right now would be a disaster for Twitter. Twitter's stock would drop like a rock. Twitter would be an even bigger dumpster fire. Twitter would be left being exposed and lose any shred of credibility it had before all of this...ie bots, algorithms, shadow bans, etc.

Musk isn't going to worry too much about that $1 billion dollars because liberals are going to push for more EVs, solar and wind power which is only going to make Musk richer.

So yeah Musk won a long time ago.

 

Haha so now you are going with "It doesn't matter whether he wins this one or not" when it turned against your position. I admitted when I thought I was wrong (and I will admit to being too gracious after that in admitting that I was wrong when I apparently wasn't). You are apparently not willing to take that step. Oh well.

 

Is it over yet?

 

You were dead wrong about the "poison pill". The whole poison pill argument was comical.

Me saying Musk losing $1 billion dollars isn't going to affect his life financially is a fact.

 

So I guess that is a no on being gracious in being wrong (specifically, in your claims about how he had already won and how he had some sort of great plan to actually take over Twitter- a deal that you suggested could close 3 weeks ago).

BTW, Musk is losing a lot more than $1 Billion. He was down over $10 billion today as Tesla continued to tank like it has all month (35% down- far more than the market is down). Markets appear to have spoken, and they don't seem to much like the idea.

 

Not even close. At this point, Twitter will push the deal forward, as they need to either get his premium for their shares or $1 Billion to distribute to those shareholders or invest in the business. Problem is that if Tesla keeps dropping in value, he will have to commit more and more of his stock to the deal or find other people willing to partner for equity stakes.

But I don't think anybody is going to be teaching this as a good example of how to handle an acquisition.

 

Again is the Twitter deal over?

Until it's over it's all speculation.

Now you and the poison pill were dead wrong and it was funny....even before you realized that you were wrong.

Musk has won regardless of the outcome of the Twitter purchase.

Thanks for coming out. You always make me laugh.

 

Oh well, nothing but good fun showing how far you would keep digging!