6 posts were split to a new topic: Outrage at Tesla Vandalism
This thread is about X as a business. We can certainly talk about both things but Dustin’s post was what this thread is about.
Start a thread about a specific issue if you want. This thread isn’t even about Tesla.
So, I’m not expecting to see much of an increase ( if any) in X valuations or
major return of advertisers due to on going documented hate speech. There have
been some articles I’ve seen of advertisers returning, but I’m skeptical of those
reports. Maybe some companies are just throwing a minimal amount of ad dollars
at X to stay off the “enemies list” or bolster their standing in ongoing legal suits ?
A lot of the ads lately are nonsense, seeing quite often some unhinged and almost nonsennsicle posts showing up as ads. Its just strange.
For example…
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Are we sure this guy didn’t write that?
He’s not typically that verbose on X.
This seems legit not sketch at all
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Not one bit sketchy.
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Is Fort Knox still secure ?
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I’ll have to check the group chat
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Yea I would say it seems sketch, like when Tesla bought SolarCity. However it could also be a legally smart move to pump more cash in, while keeping X from violating loan covenants, without having to liquidate Tesla stock.
I also would say there is arguably valid strategic reasons for the businesses to combine beyond just playing some sort of shell game with creditors.
I would expect there will be some civil litigation over this, but who knows.
Only time will tell if it is all a house of cards or a winning strategy. Legal or not, I am skeptical of the ethics of this deal.
So if sold for 33 billion, that’s an admitted loss of 11 billion. Wonder who
eats that loss or uses that loss for tax purposes ? Not really sure I understand
how all that works.
But it must be brilliant because Musk did it.
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Probably the brilliance is in selling all the Twitter verse data to Grok. Followed by Ponzi scheming the outstanding debt of X.
Pretty sure it’s legal, just fairly unethical. But in like the private equity unethical way. Which in this stage of capitalism is actually more ethical.
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Oh I am sure it is questionable but legal. It seems like a shell game with his debt.
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For Elon, and any investor who is also part of the new group, it likely could/should be considered a wash sale for tax purposes so he will not get to take a loss currently. Also if X had losses carried forward, those would typically be lost when acquired (to prevent a company’s loss carry forward from being a marketable asset).
Of course, saying all that generally as I don’t know the terms of the deal.
Yes. It should be called “Coogsfans.com”. Oh wait……
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I just read it is an all stock deal. No cash. So yes, I believe he just played a shell game to get the value up. But also I think there could be some business strategy to combining as well. Two birds, one stone.
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Nice little clip where host pushes back on original stated purpose
of the massive over payment for twitter, is longer even on the
stove. So now this “content” data is valued at 33 billion and will be useful
in developing AI. Okay, let’s see that happen. I’d argue the content
data on FB/meta is much greater than content data on X. But let’s see
how this all plays out. Can’t wait to see how investors (like Fidelity) will
start to evaluate their new stake in xAI.
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Shocking… (Sarcasm)… another example that “full self driving” somehow doesn’t actual mean “full self driving”…