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

[Anonymous]

Anonymous wrote:

Anonymous wrote:Every accusation is a confession. Let’s see what’s on Musk’s hard drive.

Yikes, you’re probably right.

Oh, you know he’s into some sick shit.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Every accusation is a confession. Let’s see what’s on Musk’s hard drive.

Yikes, you’re probably right.

There was a thread on Reddit about this recently (White people Twitter maybe?). Someone linked to the tweet in which Elon personally asked people to send him any child exploitation stuff so he could deal with it personally. I found it repellent and don’t remember the exact wording.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

You can’t lie on earnings calls. Performance metrics on this next warning call will be eye watering

Twitter is no longer publicly traded.

Ooops, duh.

How long will his backers take an L? His bank syndicate must be sh#tting their pants.

They are apparently trying to convert the loans to margin loans backed by Tesla stock. https://www.bloomberg.com/news/articles/2022-12-08/musk-bankers-mull-tesla-margin-loans-to-cut-risky-twitter-debt

Mindboggling how the lenders thought Musk would be able to generate enough new cashflow to pay another $1.2 bn a year. Greed is good.

They didn't. They thought they would just offload it all to a bunch of suckers. But that was before he spent months dragging Twitter through the mud trying to get out of the deal, and then a couple more months destroying its ad business after he bought it. Now they are freaking out that he's going to bankrupt the company and they'll be stuck with worthless debt. No idea why Musk would agree to convert these to margin loans.

He won't. He wasn't stupid enough to risk that much of his own money.

He's still going to take a bath when it goes bankrupt. From what I understand, he put something like $7B of his own money into it. But he's certainly not going to agree to put another $12B at risk.

Musk leveraged his TSLA shares. He’s got no cash to put in the deal, either then or now.

And his TSLA shares have tanked by 60%

[Anonymous]

Anonymous wrote:Request to Jeff to add an embed function for mastodon. Would be nice to avoid driving traffic to the neo-nazi site.

+1

The Twitter embed's broken for many of us anyhow.

[Anonymous]

The world's (formerly) richest man stops paying rent !!!??? on Twitter's offices due to the turmoil at the company? Holy cr*p. Sounds like he is doing a GREAT JOB

https://www.marketwatch.com/story/elon-musk-has-reportedly-stopped-paying-rent-on-twitter-offices-and-told-staff-not-to-pay-vendors-11671019938

[Anonymous]

Anonymous wrote:Hmmm so much for priority #1?

But but but "child trafficking" is a huge conservative issue. Because migrants something something

[Anonymous]

Ha ha he's such a hypocrite

https://www.reddit.com/r/WhitePeopleTwitter/comments/zlnhkq/elon_musk_has_suspended_the_twitter_account_that/

[Anonymous]

Anonymous wrote:The world's (formerly) richest man stops paying rent !!!??? on Twitter's offices due to the turmoil at the company? Holy cr*p. Sounds like he is doing a GREAT JOB

https://www.marketwatch.com/story/elon-musk-has-reportedly-stopped-paying-rent-on-twitter-offices-and-told-staff-not-to-pay-vendors-11671019938

I suspect it’s a gambit to get lower rent. Commercial landlords are hurting bad now and may reduce twitters rent rather than evict and fight with them. The flip side of course is that the landlords cannot let it be known that this is all you need to do to get a better deal or every tenant will do it. And that’s a particularly big concern with a high profile company like Twitter.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The world's (formerly) richest man stops paying rent !!!??? on Twitter's offices due to the turmoil at the company? Holy cr*p. Sounds like he is doing a GREAT JOB

https://www.marketwatch.com/story/elon-musk-has-reportedly-stopped-paying-rent-on-twitter-offices-and-told-staff-not-to-pay-vendors-11671019938

I suspect it’s a gambit to get lower rent. Commercial landlords are hurting bad now and may reduce twitters rent rather than evict and fight with them. The flip side of course is that the landlords cannot let it be known that this is all you need to do to get a better deal or every tenant will do it. And that’s a particularly big concern with a high profile company like Twitter.

It's the Trump playbook of never paying vendors. He'll either get favorable terms or it will be tied up in litigation for years during which he won't pay rent. It would be nice to see a landlord just bar the doors and put everything on the curb in contractors bags like when a poor person does the same thing.

[Anonymous]

Anonymous wrote:Ha ha he's such a hypocrite

https://www.reddit.com/r/WhitePeopleTwitter/comments/zlnhkq/elon_musk_has_suspended_the_twitter_account_that/

Yup

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The world's (formerly) richest man stops paying rent !!!??? on Twitter's offices due to the turmoil at the company? Holy cr*p. Sounds like he is doing a GREAT JOB

https://www.marketwatch.com/story/elon-musk-has-reportedly-stopped-paying-rent-on-twitter-offices-and-told-staff-not-to-pay-vendors-11671019938

I suspect it’s a gambit to get lower rent. Commercial landlords are hurting bad now and may reduce twitters rent rather than evict and fight with them. The flip side of course is that the landlords cannot let it be known that this is all you need to do to get a better deal or every tenant will do it. And that’s a particularly big concern with a high profile company like Twitter.

It's the Trump playbook of never paying vendors. He'll either get favorable terms or it will be tied up in litigation for years during which he won't pay rent. It would be nice to see a landlord just bar the doors and put everything on the curb in contractors bags like when a poor person does the same thing.

Most commercial leases allow for self-help evictions for non-payment.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The world's (formerly) richest man stops paying rent !!!??? on Twitter's offices due to the turmoil at the company? Holy cr*p. Sounds like he is doing a GREAT JOB

https://www.marketwatch.com/story/elon-musk-has-reportedly-stopped-paying-rent-on-twitter-offices-and-told-staff-not-to-pay-vendors-11671019938

I suspect it’s a gambit to get lower rent. Commercial landlords are hurting bad now and may reduce twitters rent rather than evict and fight with them. The flip side of course is that the landlords cannot let it be known that this is all you need to do to get a better deal or every tenant will do it. And that’s a particularly big concern with a high profile company like Twitter.

He has to make interest payments on $13b of debt, or twitter ends up in the hands of the banks. He's doing everything possible to hold onto cash, including selling off furniture and equipment. He might stiff people on severance.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The world's (formerly) richest man stops paying rent !!!??? on Twitter's offices due to the turmoil at the company? Holy cr*p. Sounds like he is doing a GREAT JOB

https://www.marketwatch.com/story/elon-musk-has-reportedly-stopped-paying-rent-on-twitter-offices-and-told-staff-not-to-pay-vendors-11671019938

I suspect it’s a gambit to get lower rent. Commercial landlords are hurting bad now and may reduce twitters rent rather than evict and fight with them. The flip side of course is that the landlords cannot let it be known that this is all you need to do to get a better deal or every tenant will do it. And that’s a particularly big concern with a high profile company like Twitter.

He has to make interest payments on $13b of debt, or twitter ends up in the hands of the banks. He's doing everything possible to hold onto cash, including selling off furniture and equipment. He might stiff people on severance.

What he doesn't pay in severance, he'll pay in lawyer fees. If he has competent legal help, they're going to need some pretty fat retainers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:The world's (formerly) richest man stops paying rent !!!??? on Twitter's offices due to the turmoil at the company? Holy cr*p. Sounds like he is doing a GREAT JOB

https://www.marketwatch.com/story/elon-musk-has-reportedly-stopped-paying-rent-on-twitter-offices-and-told-staff-not-to-pay-vendors-11671019938

I suspect it’s a gambit to get lower rent. Commercial landlords are hurting bad now and may reduce twitters rent rather than evict and fight with them. The flip side of course is that the landlords cannot let it be known that this is all you need to do to get a better deal or every tenant will do it. And that’s a particularly big concern with a high profile company like Twitter.

It's the Trump playbook of never paying vendors. He'll either get favorable terms or it will be tied up in litigation for years during which he won't pay rent. It would be nice to see a landlord just bar the doors and put everything on the curb in contractors bags like when a poor person does the same thing.

Most commercial leases allow for self-help evictions for non-payment.

If it gets to that point, he'll sue and hope to get an injunction while litigation plays out

[Anonymous]

Anonymous wrote:

Anonymous wrote:Ha ha he's such a hypocrite

https://www.reddit.com/r/WhitePeopleTwitter/comments/zlnhkq/elon_musk_has_suspended_the_twitter_account_that/

Yup

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