Elon Musk buys $3 billion stake (9.2%) in Twitter and is now the platform's largest shareholder

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's funny that he said today that he wants people to move cash onto Twitter and have Twitter function as a bank, considering some ex-employee or something was savaging Twitter for having deep security flaws just a few weeks ago and he's fired half the staff on top of everything.

I imagine hackers are just salivating at the thought of Twitter bank.

He started Paypal - until he got fired.

He funded the startup that became Paypal. Big difference.

He started and funded the startup, a sort of online bank, that merged with PayPal, a sort of online unregulated bank. And then was fired.

[Anonymous]

The good news is that as he becomes more unbalanced, his stockpile of billions will drain from his ledger and be returned back to the general economy where it can do some good.

[Anonymous]

Anonymous wrote:The good news is that as he becomes more unbalanced, his stockpile of billions will drain from his ledger and be returned back to the general economy where it can do some good.

True enough. There is something good to come of it.

This ding-dong finally rang his own bell.

[Anonymous]

[Anonymous]

On the “everyone into the office or else” hands on meeting Elon also dropped this tidbit.

[Anonymous]

Anonymous wrote:On the “everyone into the office or else” hands on meeting Elon also dropped this tidbit.

How do we know that is the real Zoe Schiffer and not just someone who paid $8?

[Anonymous]

Anonymous wrote:On the “everyone into the office or else” hands on meeting Elon also dropped this tidbit.

This is so weird.

Why would large banks loan him $12.7B only for him to go into bankruptcy? How did any of this get past the banks’ investment and risk committees?


This makes no sense at all.

[Anonymous]

Anonymous wrote:

Anonymous wrote:On the “everyone into the office or else” hands on meeting Elon also dropped this tidbit.

How do we know that is the real Zoe Schiffer and not just someone who paid $8?

Good point.

[Anonymous]

Anonymous wrote:

Anonymous wrote:On the “everyone into the office or else” hands on meeting Elon also dropped this tidbit.

This is so weird.

Why would large banks loan him $12.7B only for him to go into bankruptcy? How did any of this get past the banks’ investment and risk committees?


This makes no sense at all.

I would hope that he personally guaranteed the loan like the bank made me do when I started a small business. But it would not surprise me to find out that the wealthiest man in the world has different requirements than the little guy. In that case, let the banks eat the loss!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:On the “everyone into the office or else” hands on meeting Elon also dropped this tidbit.

This is so weird.

Why would large banks loan him $12.7B only for him to go into bankruptcy? How did any of this get past the banks’ investment and risk committees?


This makes no sense at all.

I would hope that he personally guaranteed the loan like the bank made me do when I started a small business. But it would not surprise me to find out that the wealthiest man in the world has different requirements than the little guy. In that case, let the banks eat the loss!

This is a very big deal for financial system stability. Will likely introduce cascading losses through the system, which may require Fed intervention.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:On the “everyone into the office or else” hands on meeting Elon also dropped this tidbit.

This is so weird.

Why would large banks loan him $12.7B only for him to go into bankruptcy? How did any of this get past the banks’ investment and risk committees?


This makes no sense at all.

I would hope that he personally guaranteed the loan like the bank made me do when I started a small business. But it would not surprise me to find out that the wealthiest man in the world has different requirements than the little guy. In that case, let the banks eat the loss!

This is a very big deal for financial system stability. Will likely introduce cascading losses through the system, which may require Fed intervention.

I get that this is more complicated than I know, but I am so g*dd*mn tired of "too big to fail." Fine. Too big to fail. But if you can't handle the risk you took on, and the citizenry has to bail you out, then the citizenry should have input into the management hereafter and be getting back some of your profits. Because you are "too big to fail," so now you are no longer just a private company.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:On the “everyone into the office or else” hands on meeting Elon also dropped this tidbit.

This is so weird.

Why would large banks loan him $12.7B only for him to go into bankruptcy? How did any of this get past the banks’ investment and risk committees?


This makes no sense at all.

I would hope that he personally guaranteed the loan like the bank made me do when I started a small business. But it would not surprise me to find out that the wealthiest man in the world has different requirements than the little guy. In that case, let the banks eat the loss!

This is a very big deal for financial system stability. Will likely introduce cascading losses through the system, which may require Fed intervention.

Eh. $12b isn't that much. Even $44b isn't really that much money.

[Anonymous]

Looks like Yael stepped down and is leaving

[Anonymous]

Anonymous wrote:Looks like Yael stepped down and is leaving

Who?

[Anonymous]

Anonymous wrote:Looks like Yael stepped down and is leaving

Yup