Mr. Jones
2 years ago
FRONTLINE PBS
S41/ EP 21

"ELON MUSKS TWITTER TAKEOVER"

Good show...

Buying Twitter was the dumbest thing he ever did....

SMARTEST THING HE DID WAS USE A LEVERAGED BUYOUT STRATEGY ( GORDON GEKO's favorite way 1980 wall Street movie)...HE USED OTHER PEEPS MONEY WITH STRICT NO WAY OUT CLAUSES...
He pretty much lost all of his investors money that was loaned to him by Larry Ellison/ ORACLE , bank of America , Morgan Stanley, jack Dorsey ( owner / inventor of Twitter), Qatar investment co., Barclay's,BNP PARIBUS FRANCE, MITSUBISHI FINANCE, AND MANY OTHERS...

Pay twice or more than what it was worth and loose 3/4 or more of it's fake value...

What an egotistical jack-ass...the dude is high end spectrum aLLeDgeDlY who acts like a petulant child...11 kids to 3 women's...that goofy broad from Canada "GRIMES" takes the šŸŽ‚ cake, I bet her music blows too? aLLeDgeDlY, I never heard one tune I know of...
rfenst
2 years ago
I saw it on Frontline last night too. Serves him right for opening his big mouth and no due diligence before entering in to a purchase contract he could not get out of.
8trackdisco
2 years ago

FRONTLINE PBS
S41/ EP 21

"ELON MUSKS TWITTER TAKEOVER"

Good show...

Buying Twitter was the dumbest thing he ever did....

SMARTEST THING HE DID WAS USE A LEVERAGED BUYOUT STRATEGY ( GORDON GEKO's favorite way 1980 wall Street movie)...HE USED OTHER PEEPS MONEY WITH STRICT NO WAY OUT CLAUSES...
He pretty much lost all of his investors money that was loaned to him by Larry Ellison/ ORACLE , bank of America , Morgan Stanley, jack Dorsey ( owner / inventor of Twitter), Qatar investment co., Barclay's,BNP PARIBUS FRANCE, MITSUBISHI FINANCE, AND MANY OTHERS...

Pay twice or more than what it was worth and loose 3/4 or more of it's fake value...

What an egotistical jack-ass...the dude is high end spectrum aLLeDgeDlY who acts like a petulant child...11 kids to 3 women's...that goofy broad from Canada "GRIMES" takes the šŸŽ‚ cake, I bet her music blows too? aLLeDgeDlY, I never heard one tune I know of...

Mr. Jones wrote:



Considering how corrupt and evil Twitter was on snuffinf out free speech and them being the high preist of what people can see and read, I'm happy Musk shined a bright light on their cockroach nest. (Do cockroaches have nests?)

If he can't fix it, at least he can take it down- at a huge personal expense.
ZRX1200
2 years ago
Tell me you hate free speech without saying you hate free speech
HockeyDad
2 years ago
I’m going to go out on a limb and predict Elon Musk will be fine.
ZRX1200
2 years ago
https://youtube.com/shorts/OyjfHCV0D7E?si=NniFsN-r4OQLgR2v
rfenst
2 years ago

HockeyDad]I’m going to go out on a limb and predict Elon Musk will be fine.

wrote:


Explainer: How Elon Musk funded the $44 billion Twitter deal


Reuters/October 28, 2022

Olon Musk on Thursday closed the $44 billion deal announced in April to take Twitter Inc (TWTR.N) private and took ownership of the influential social media platform by firing top executives immediately.

"The bird is freed," he tweeted in an apparent nod to his desire to see the company has fewer limits on content that can be posted. But Musk provided little clarity on how he will achieve his goals. read more Earlier this month, Musk brought the deal back on the table after previously trying to walk away from it. Musk had said he was excited to buy Twitter but he and his co-investors are overpaying.

WHAT WAS HIS FINANCING PLAN?
Musk pledged to provide $46.5 billion in equity and debt financing for the acquisition, which covered the $44 billion price tag and the closing costs. Banks, including Morgan Stanley (MS.N) and Bank of America Corp (BAC.N), committed to provide $13 billion in debt financing.

Experts have said commitments from banks to the deal were firm and tight, limiting their ability to walk away from the contract despite the prospect that they may face major losses.

Musk's $33.5 billion equity commitment included his 9.6% Twitter stake, which is worth $4 billion, and the $7.1 billion he had secured from equity investors, including Oracle Corp (ORCL.N) co-founder Larry Ellison and Saudi Prince Alwaleed bin Talal.

That had left Musk in need for an additional $22.4 billion of funds to cover the equity financing portion of the deal.

Since the co-backers were revealed, Apollo Global Management Inc (APO.N) and Sixth Street Partners have pulled their offers from the table.

Musk, 51, is the world's richest person with a net worth of $222 billion, according to Forbes, but a large portion of his fortune is tied to his stakes in Tesla and Space X.

According to a Reuters calculation, Musk had about $20 billion cash after selling part of his stake in Tesla through multiple transactions in November and December last year and April and August.

Musk would have needed to raise an additional $2 billion to $3 billion to complete the financing for the deal.

WHAT ABOUT THE SHORTFALL?
It was not immediately clear how Musk covered a gap of about $3 billion in financing. Wedbush analyst Daniel Ives said it could be outside capital as no Form 4s were filed this week and it could likely be an investor already backing the deal.

Musk was widely expected to sell more of his Tesla shares in the nine-day window between the electric automaker's results on Oct. 19 and the Oct. 28 deadline to close the deal. A sale has not been notified so far.
Mr. Jones
2 years ago
If I didn't know any better?

Which I don't....

I'm thinking MUSK IS A CLOSET MORMON / SEVENTH DAY ADVENTIST??? 11 SPAWN TO " TREE WOMENS" WITH GADS OF OTHER HOT GASH INBETWEEN KNOCKING UP TREE DIFFERENT KENTS... aLLeDgeDlY.. he's dated some really hot women...international fashion models , movie stars, musicians..
8trackdisco
2 years ago

Tell me you hate free speech without saying you hate free speech

ZRX1200 wrote:



Twitter was more filled with lefties than Trump nuts.
MACS
2 years ago

Considering how corrupt and evil Twitter was on snuffinf out free speech and them being the high preist of what people can see and read, I'm happy Musk shined a bright light on their cockroach nest. (Do cockroaches have nests?)

If he can't fix it, at least he can take it down- at a huge personal expense.

8trackdisco wrote:



We are in 100% agreement. This is why I can't understand Robert's take. You're pissed at the guy for showing you how bad you've been lied to??

Okay.
HockeyDad
2 years ago

Twitter was more filled with lefties than Trump nuts.

8trackdisco wrote:



That shows you that censorship works!
ZRX1200
2 years ago
How do we know it was, when they knew they were infested with bots they refused to disclose and shadow banned people?

Amazing to see certain types scream about the weird spectrum dude but we’re silent about the collusion T had with the gov to sway an election….also while remembering them scream about RUSSIA! effecting an election by throwing 700k at FB troll farms? Laughably pathetic.
rfenst
2 years ago

We are in 100% agreement. This is why I can't understand Robert's take. You're pissed at the guy for showing you how bad you've been lied to??

Okay.

MACS wrote:


No. Just an unnwise way for anyone to buy any business. You have got to at least confirm its numbers are accurate(due dilligence) before entering into a binding contract. He later realized this and tried to litigate his way out of contract, but ran into a brick wall and just had to give up. That is my sole issue with his facebook aquisition.
ZRX1200
2 years ago
You aren’t wrong but do you think financial was his only motivation in the acquisition?
rfenst
2 years ago

You aren’t wrong but do you think financial was his only motivation in the acquisition?

ZRX1200 wrote:


No.
I just think it was an emotional, virtually spontaneous, too-quick, purchase.
ZRX1200
2 years ago
Reasonable argument, I think he’s made it clear that he was passionate about why though. His why should be a bigger discussion than it is, and it’s a continuation of muffled information by an out of control government (under either party).
Mr. Jones
2 years ago
That's why the dude ( MUSK) is "very high"

"On the spectrum" aLLeDgeDlY...

He just acts on total impulse ....

Totally makes up his mind in minutes...

Then his spectrum-itis mind wonders why what he wanted a few minutes ago has not already happened...

The dude has zero patience whatsoever...
8trackdisco
2 years ago

How do we know it was, when they knew they were infested with bots they refused to disclose and shadow banned people?

Amazing to see certain types scream about the weird spectrum dude but we’re silent about the collusion T had with the gov to sway an election….also while remembering them scream about RUSSIA! effecting an election by throwing 700k at FB troll farms? Laughably pathetic.

ZRX1200 wrote:



Z,
Not sure if you are aiming that directly, indirectly, or not at all to me. I'll go with A or B.

You invest/spend/waste more time following social media and politics than I do. For years I was deep into politics, and did have a FB account and still do have a Twitter account- with about 20 posts over 10 years.

Four or five years ago, I stopped posting on FB. The closest thing I do to social media is posting here.

The division social media creates, all of it, has been tearing the fabric of America apart, and leading to nothing but polirization, 1/4 Truth news articles, and spin, all driven by Cash for Clicks. With Hate being the favorite dopomine hit, most love to go to the trough with "the enemy" and get their Hate on.

Where are we now as a country/society? (Ballpark #s below based only very little)
25% of Americans on the far left think the far right is the enemy of the state.
25% of American on the far right think the far left is the enemy of the state.

I look at friendships here compared to fifteen years ago. The five or six guys I liked the most, who use to get on Skype on a weekend and drink and laugh until we all cried- and then kept laughing- don't talk with each other any more. Mostly do to politics annd their perception of events in social media. I do regulary talk and text with one of them at least every few days. Another about a text a week, another once a year, another once every couple years, and the other never.

My life- our lives, are less fun and fulfilling. As a country, we are at all time highs for Deaths of Dispair (drugs, alcoholism, depression, suicide etc). Do we need to fracture ourselves further?

This is across the aboard. Agnostics, Atheists, Jews and- what hurts me the most- Christians. Or people who claim to be Christian. Followers of Jesus Christ judging and condeming others when they should be forgiving and trying to bring people together.

Yes, I fail every day. Multiple times a day. Hypocrite? yes. However, I am trying every day. How do I try?

-Start and end every day in prayer.
-Forgive whenever possible (can do that successfully about 80% of the time, which means a 20% failure late). Forgetting? Never Forget was mine and Pearl Harbor's motto. I'm a little better now and improving enough to the point of not being able to put a % on how much, I've remembered to forget. (RIP Steven Wright).
-Limit myself to one hour of news per day.
-Stretch, yoga, breathing exercises each day.
-Five miles walked each day for 280+ days.
-Sit quietly in nature (although I get cold easily).

The Hate I've eaten and spewed over the decades has (I believe) led to some of the medical issues I'm now going through.

Other than a 36 hours of madness on Mondays and Tuesdays, I look for ways to surround myself with people and things that bring contentment, calm, happiness and joy.

So what are you doing in the Politics section? Good point. What I like to see is respectable people sharing their thoughts and perspectives. Unlike the first 50+ years of my life, I don't surround myself with people who I share the same thought processes. If you talk with people you don't agree with, and ask questions instead of pass judgement, you can learn why they feel the way they do. Sometimes they take something new from what I offered. (shrug)

Do I still pass judgment? Yes- again, failure. Be assured, I am working on me.

If you'd like to talk, lmk. I've always liked you and still do. You have a bite and although youve lost your magical subtle sarcasm, I do find you entertaining.

Now, back to trying to walk the talk.

Peace, Brother.

And if you weren't talking to me....... never mind.
ZRX1200
2 years ago
Not aimed at anyone it was a generalization.
ZRX1200
2 years ago
I enjoy reading context from folks here though, I think it helps cut misinterpretations of typed words.
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