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

[Anonymous]

I wonder what Jack Dorsey has to say….

He didn’t cash out.

[Anonymous]

Welp. I suppose Musk was right that people won't be working from home much anymore. Unless their new jobs permit it, of course.

I suspect nobody is going to be working in person much any longer, either.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Looks like Yael stepped down and is leaving

Who?

Apparently he wanted to stay through the midterms and now he’s done.

[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.

Then maybe we can finally pass some laws to regulate the ability of one person to amass such enormous wealth. It’s not logical that a civilized society should allow that kind of power to rest in a single unelected individual.

[Anonymous]

Anonymous wrote:I wonder what Jack Dorsey has to say….

He didn’t cash out.

What do you mean he didn’t cash out? All the Twitter shareholders did.

[Anonymous]

Anonymous wrote:

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.

Then maybe we can finally pass some laws to regulate the ability of one person to amass such enormous wealth. It’s not logical that a civilized society should allow that kind of power to rest in a single unelected individual.

Bailout bailout bailout

[Anonymous]

Anonymous wrote:

Anonymous wrote:I wonder what Jack Dorsey has to say….

He didn’t cash out.

What do you mean he didn’t cash out? All the Twitter shareholders did.

Nope. Dorsey rolled over his equity position. The Saudis increased their equity position.

[Anonymous]

Ok so who is funding a Twitter competitor for everyone to flock to while Musk runs this into the ground? Free market, who's in?

[Anonymous]

Anonymous wrote:Ok so who is funding a Twitter competitor for everyone to flock to while Musk runs this into the ground? Free market, who's in?

Well, Tumblr is apparently now bringing back nudity.
https://www.pcmag.com/news/tumblr-will-once-again-allow-nudity-but-not-porn

God help them. The site -- as fond as I am of it -- is paleolithic and clumsier to use than can be believed. Bt I find the sudden dive back into nudity hilarious.

[Anonymous]

[Anonymous]

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I wonder what Jack Dorsey has to say….

He didn’t cash out.

What do you mean he didn’t cash out? All the Twitter shareholders did.

Nope. Dorsey rolled over his equity position. The Saudis increased their equity position.

WOW I did not know that.

[Anonymous]

Anonymous wrote:Ok so who is funding a Twitter competitor for everyone to flock to while Musk runs this into the ground? Free market, who's in?

Most of the people I follow seem to have gone to Mastodon.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I wonder what Jack Dorsey has to say….

He didn’t cash out.

What do you mean he didn’t cash out? All the Twitter shareholders did.

Nope. Dorsey rolled over his equity position. The Saudis increased their equity position.

WOW I did not know that.

I wonder when the Saudis will have a talk with Elon about his reckless behavior?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I wonder what Jack Dorsey has to say….

He didn’t cash out.

What do you mean he didn’t cash out? All the Twitter shareholders did.

Nope. Dorsey rolled over his equity position. The Saudis increased their equity position.

WOW I did not know that.

I wonder when the Saudis will have a talk with Elon about his reckless behavior?

a talk or a "talk"?