He's since found other equity investors so he's got less of a loan against his Tesla shares. Based on the original financing, he would have had a margin loan call already since Tesla has dropped so much.
I kind of admire what he’s done with SpaceX, and I do think that Tesla has pushed the UV market forward by probably a decade just by virtue of existing, but the man is a shit bag, Tesla is run like a long con, he’s a shit human, and anyone who has been following him for the last 10 years knows he’s a lying shit bag. Everyone else is just finally waking up.
It’s kinda hilarious watching Elon Musk squirm on this one. Bro offered nearly twice what Twitters actual value is meaning unless they somehow say no after saying yes he’s gonna get hosed like Trump in a Russian hotel. They probably won’t accept his billion dollars as recompense. Not with an offer price that egregious, so much so that even though Twitters board like most people detests Elon Musk they offered little resistance in his quest to make Twitter into Gab 2.0 aka the Kingdom of Elon.
Plenty of multi billionaire dollar companies refuse to do business with him because he’s such a sleaze bag and grifter, case in point, he manipulates the stock market by announcing Twitter deal only to renege on it a week later and use “bots” as his excuse. (In any billionaire dollar deal, the company value would be extensively reviewed before any public announcement) Then he tries to add fire to it by bringing up politics. I hope this sleaze bag loses sleep over this when the deal is forced and he has to pay billions.
You know, that might be exactly it, though. You probably know zero news anchors in real life too, but they still have a profound effect on the public consciousness. It doesn't matter so much who is on Twitter or if they represent the broader population the way they believe. It's still the hinge on which public discourse swings.
People who don't bother reading the article or know what the waiting period was: its time that gives govt opportunity to object to the deal. Its an anti trust measure. Before this act, by the time the govt sued, the mergers moved along too much to be able to practically undo despite other anti trust measures. It means this barrier is removed.
This is one of the stupidest things Elon has ever done. I’m a fan of his other ventures. Even the Boring. But overhauling Twitter with inferences to make lying acceptable? Humanity was there and it failed which presupposes Elon hasn’t a clue for history and how massive lying can even cause a whole culture to fail.
They confirmed that their percentage was based on a sample size of 100 when they complained about Musk tossing out that number. People thought he was being stupid, because 100 is obviously a stupidly low sample size. Turns out that's the whole point.
It's more complicated than that. What do you mean by bots? Anything that uses the API to tweet? In 2014 I made an Arduino tweet when my basement sump pump came on. That's a bot, but a human set up the account and I could intervene if there was an access issue. Tweetdeck and other tools like Hootsuite use the API to auto-tweet messages on multiple platforms, are they bots? If there's a place in Russia with a dozen people managing a few hundred accounts are they bots?
It's not clear how they would 'prove' the bot percentage. Twitter came up with the mDAU measure, and they came up with the method to measure the false negatives (the 5% number, i.e. % bots that should not be included in mDAU but their algos said otherwise).
Good job Elon, you drove the price ofTwitter price down As well as the price of your own stock, and you have come away empty-handed guess that’s what you call just being a prick
Why wouldn’t he back out? The company isn’t worth half his offer and the distraction is tanking Tesla stock as well. Pay the billion. Declare “victory” or say oops, and save money and face.
I give this deal a 30 percent chance of closing. Elon will Claim he was mislead by the company in terms of fake accounts and isn’t worth what he initially offered.
More like he thought he could buy Twitter then realized once the markets started going down that he doesn't have the money. Now he's trying to weasel out of the deal.
This sub cant keep Elons name out of their mouth. Everyday its another updated article about how there's no update. Move on until there's real news about the man.
The town square is one of the most important and valuable things in our existence. Isn’t this progressive world about inclusivity, no one should ever have the power to ostracize/ban another from society. Screw those corrupting the natural discourse with bots and paid propagandists.
It’s not inclusive to allow someone to yell fire in a crowded theater and its not inclusive to let people spread lies and racist violence on a privately owned site.
There have been bots on that site since its inception, it's nothing new. There's a bunch of 3rd party sites that show you how many bots each follower has.
Lots of people not understanding what this means.
So wait what exactly expired if it wasn't the deal? The article doesn't really go into much details
Wait you saying people didn't actually read an article and judged it on the headline alone /s
They could also decide against it correct? It’s been awhile since business law classes.
Sure. But Musk is acting like he won't pay. They can't make him pay. If he doesn't pay the deal fails and they try to recover the penalty money.
it means its going to be much less than they expected
"Musk has secured funding for the deal, which includes $33.5 billion through equity financing and $13 billion through loans against Twitter.
Tesla could keep losing value and Musk could end up violating rules related to his owner ship of Tesla stock.
God damn do I sure do hope this fucks the Elon Musk-rat over, that would be so satisfying.
Friends don’t let friends do leveraged buy outs.
He's since found other equity investors so he's got less of a loan against his Tesla shares. Based on the original financing, he would have had a margin loan call already since Tesla has dropped so much.
This has to go down as one of the worst business deals ever made. Musk overpaying by billions haha
This has been the worst trade deal in the history of trade deals, maybe ever.
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I want a meme of eren telling Elon to dump all of his Twitter stock
by the end of the decade, Musk will have unraveled to the point of ruin that even his legion of fanboys will find someone new.
Promise?
Probably Trump tbh
Elon really became one of the most hated overnight God damn, his reputation is sinking
He runs around like a friggin Kardashian just giving his opinion on every damn thing. That is what happens.
It didn’t happen overnight. It’s been growing for years.
I kind of admire what he’s done with SpaceX, and I do think that Tesla has pushed the UV market forward by probably a decade just by virtue of existing, but the man is a shit bag, Tesla is run like a long con, he’s a shit human, and anyone who has been following him for the last 10 years knows he’s a lying shit bag. Everyone else is just finally waking up.
hated by who?
It’s kinda hilarious watching Elon Musk squirm on this one. Bro offered nearly twice what Twitters actual value is meaning unless they somehow say no after saying yes he’s gonna get hosed like Trump in a Russian hotel. They probably won’t accept his billion dollars as recompense. Not with an offer price that egregious, so much so that even though Twitters board like most people detests Elon Musk they offered little resistance in his quest to make Twitter into Gab 2.0 aka the Kingdom of Elon.
He's paying way more than double
Meanwhile, he's laying off at Tesla...get those resumes ready, Twitter friends.
Love how you know nothing about the lay offs. Still make a smart ass remark.
The greatest timeline would be Twitter forcing the purchase with Elon kicking screaming.
Followed by the value of twitter crashing to under $10 lol
force the sale, ditch twitter, and elon left w bags.
This could go down as the dumbest financial move in history
WCGW buying a company anyone can replicate and replace tomorrow if the wind is blowing the right way for a good portion of my fortune?
The mollusk needs more time…
No bailouts this time Elon. The deal is happening.
Actually, it was Daimler Benz that saved Tesla. The Federal Loan would have arrived too late to save it from bankruptcy.
That seems to have worked out for him, and us really. Nobody took ev's seriously before.
The Roadster was a flop?
This is just massive misinformation.
Plenty of multi billionaire dollar companies refuse to do business with him because he’s such a sleaze bag and grifter, case in point, he manipulates the stock market by announcing Twitter deal only to renege on it a week later and use “bots” as his excuse. (In any billionaire dollar deal, the company value would be extensively reviewed before any public announcement) Then he tries to add fire to it by bringing up politics. I hope this sleaze bag loses sleep over this when the deal is forced and he has to pay billions.
Elon such a pile of shit person
No no no it’s the left that has changed! Not Emerald Elon!
Elon had fun manipulating the market while the time lasted....
He’s business cancer.
Elon Musk just needed a buzz, never intended to buy Twitter or anything lol.
He shadow bought millions before he made his announcement. He likely shadow sold before he started dithering.
He’s an attention seeker.
We've all been there. Go to a dealership, test ride, pretend you care, then walk out and think about what could have been
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You know, that might be exactly it, though. You probably know zero news anchors in real life too, but they still have a profound effect on the public consciousness. It doesn't matter so much who is on Twitter or if they represent the broader population the way they believe. It's still the hinge on which public discourse swings.
I’m a zoomer and a decent amount of my friends have it, not as much as you’d think though
It's huge if you're a developer or work in It or network security
Same here. No friends, family or colleagues use Twitter at all. It's way over represented in the news.
He really is the biggest grifter alive
He was your hero before he said he wasn’t voting left for the first time
makes me think it was all a walk around excuse.
Literally nobody commenting here read the damn article
How would you know unless you read the article ?
lol it’s Reddit. People read headlines and just shit post.
I'm here for shitposting. Not the article, tbh.
Muskrat already firing people at Tesla, Twatter is next.
Go get him …break this MF
Musk is a lunatic. His privileged lifestyle and upbringing has been his downfall. Sad really.
Twitter might be Musk's
What if Twitter destroys this man and leaves him broke, relatively speaking
I heard that Elon musk died this morning. Now I’m disappointed.😢
Oh man, that would've been a helluva headline!
People who don't bother reading the article or know what the waiting period was: its time that gives govt opportunity to object to the deal. Its an anti trust measure. Before this act, by the time the govt sued, the mergers moved along too much to be able to practically undo despite other anti trust measures. It means this barrier is removed.
This is one of the stupidest things Elon has ever done. I’m a fan of his other ventures. Even the Boring. But overhauling Twitter with inferences to make lying acceptable? Humanity was there and it failed which presupposes Elon hasn’t a clue for history and how massive lying can even cause a whole culture to fail.
Wow. I’m pretty sure more than 1/2 the people in this thread did not read the source article. Probably just bots, huh?
It’s all bots.
We've read enough about this apartheid heir scumbag, he can get lost in space
Only 5% bots here.
Did Twitter ever prove the bot percentage?
They are under no obligation to do so.
They confirmed that their percentage was based on a sample size of 100 when they complained about Musk tossing out that number. People thought he was being stupid, because 100 is obviously a stupidly low sample size. Turns out that's the whole point.
It's more complicated than that. What do you mean by bots? Anything that uses the API to tweet? In 2014 I made an Arduino tweet when my basement sump pump came on. That's a bot, but a human set up the account and I could intervene if there was an access issue. Tweetdeck and other tools like Hootsuite use the API to auto-tweet messages on multiple platforms, are they bots? If there's a place in Russia with a dozen people managing a few hundred accounts are they bots?
It's not clear how they would 'prove' the bot percentage. Twitter came up with the mDAU measure, and they came up with the method to measure the false negatives (the 5% number, i.e. % bots that should not be included in mDAU but their algos said otherwise).
Good job Elon, you drove the price ofTwitter price down As well as the price of your own stock, and you have come away empty-handed guess that’s what you call just being a prick
Uhh read the article
So glad I am permanently suspended on Twitter. My mental health has improved a lot without it in my life
And now you’re on Reddit. Which is much better..
Shouldn't you be holding a rally or something Mr. Trump?
How did you manage to achieve this feat?
Happened to me last week. I was actually kind of disappointed when they changed their mind yesterday and reinstated my account.
Nice of them to use an old photo where he doesn’t look like a bloated pumpkin.
Welp, good thing I've never bothered with Twitter. Nothing gained, nothing lost.
Even if the deal does t go through though? Delete Twitter. Serialist. Your life will improve.
I got banned from Twitter for calling Jeff Flake a coward and never looked back. Best decision I made that year.
Tik Tock, motherf**ker
No, it's Twitter...Not Tik-Tok 😉
Time to pony up Musky, either you buy or pay the 1.Bil.
I can’t believe ittttttttt……
He’s not gonna pay
Cool no one cares
Why wouldn’t he back out? The company isn’t worth half his offer and the distraction is tanking Tesla stock as well. Pay the billion. Declare “victory” or say oops, and save money and face.
That's too bad. Would love to see all that source code.
If you read the article, the deal WILL go through, and Musk WILL 100% buy Twitter.
Even if musk buys it, you won't see it.
Typical reddit - downvoting someone who wants transparency and making assumptions about someone's views on a person or entity.
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How will it sink Tesla?
good, the world is better off without that monster controlling Twitter
So you didn’t read the article did you?
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Time to eat the first rich dmbass
Clickbait title 🙄 deal is still moving forward
That is how this site put up the title.
I give this deal a 30 percent chance of closing. Elon will Claim he was mislead by the company in terms of fake accounts and isn’t worth what he initially offered.
And they'll force the sale anyway and he'll pay a few billion in fees to not go through with it
How is this asshole not in jail for gaming the stock market 📈 📉
Was it all preplanned?
Umm, it's literally the law?
I think he's a member of the Donald J Trump school of business: flail wildly and hope it works.
He could start his own platform. Twitter isn’t all that
Elon dominating again
As we knew it would.
I hope he completes the buy and fires everyone there
Because they booted your cult leader right Ron Watkins?
“once a deal starts dragging, there is no deal”
This means twitter is bought at 54$ per share, so buy in already before it gets there
It was all planned I believe. Elon just trolled all of us lol
More like he thought he could buy Twitter then realized once the markets started going down that he doesn't have the money. Now he's trying to weasel out of the deal.
This sub cant keep Elons name out of their mouth. Everyday its another updated article about how there's no update. Move on until there's real news about the man.
I feel the same way when tech sites talk about new phones. Tell me when there is some big leap but not when the battery/CPU is 1% better.
CEO purposely dragged his feet on Musk's requests for real members vs bots...
The town square is one of the most important and valuable things in our existence. Isn’t this progressive world about inclusivity, no one should ever have the power to ostracize/ban another from society. Screw those corrupting the natural discourse with bots and paid propagandists.
It’s not inclusive to allow someone to yell fire in a crowded theater and its not inclusive to let people spread lies and racist violence on a privately owned site.
Elon is playing chess while everyone is still learning how to play checkers.
Musk doesn't play chess. He just buys all your pieces and declares himself the winner.
Can you explain what that means in this context?
If he hits the back row you and i will both be happy to call him a "queen" and not "king"? Yaas Qween.
I'm surprised more people didnt care about the ammount of bots on that website or at least the ones they admitted to
There have been bots on that site since its inception, it's nothing new. There's a bunch of 3rd party sites that show you how many bots each follower has.
Good let’s hope he withdraws his offer and twitter is ruined
Delete your account and Mov on
Me see musk me mad!
Valuation has been adjusted for all the Bots?
Elon is the genius who valued it at 54.20 and signed a contract to buy while waiving due diligence.
No it hasn't. Musk is still stuck at paying 54.20.
Now Musk can buy Reddit so we can get free speech back here again too. It would be nice to have the old Reddit back.
"Free speech" for you means what? Speech without consequences? No freedom from that, not ever.
You can use 12chan for your child pr0n, bro.
I can't wait till Elon clears the twitter cesspool of all the wokeism that is killing american values
Such as mass shootings at least once a month?
I bet your favorite crayon color is green.
What’s next ?
So people in this thread not reading the comments about the article.
Holdup, he secured $13 BILLION DOLLARS in loans???
So candles gonna be Red or Green now?
Just another in a string of stupid moves by Elon lately.
You mean like just like Mark Zukerberg?
Personally I’m just enjoying watching Mr Musk digging his hole deeper. His new Republican friends aren’t helping him I take it.
Isnt elon still waiting for twitter to provide proof that a certain amount of users are real and not bots?
It was an excuse to dump his tesla before the bubble burst. He’s not buying Twitter.
Ah yes Indian Express, true connisuers of the click bait headline
Thank you for your submission! Unfortunately, it has been removed for the following reason(s):
Read the news, hahaha
You sure? check the news today...lol
Haha haha haha 😄