Elon Musk: Tech Genius! Green Warrior! Biz King! Good Oligarch?
- Thread starter MichaelM
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Elon loves and flourishes from his pump and run games.
www.dailymail.co.uk
Elon Musk just bought a $3 billion stake in Twitter Inc., because when you’re the world’s richest human you can toss billions around like poker chips.
Germany creates its own quagmire as its Tesla plant faulters without Russian Gaz.
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SEC may probe Elon Musk after he made $156M profit on Twitter shares
Elon Musk may face a SEC probe for failing to disclose his 9% stake in Twitter, which makes him the majority shareholder. The Tesla CEO has earned $156million in profits on his shares.
Bloomberg - Are you a robot?
www.bloomberg.com
Germany creates its own quagmire as its Tesla plant faulters without Russian Gaz.
Video
Mayb
Jedi Master
Elon Musk Offers To Buy 100% Of Twitter In Cash
Mayb
Jedi Master
Reuters reports Twitter will hold an 'all-hands meeting' with employees at 1400 PST (or 1700 ET) to discuss Elon Musk's offer to purchase the social media platform.
Saudi Prince Alwaleed just rejected the offer, via Twitter:
"I don't believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects. Being one of the largest & long-term shareholders of Twitter @Kingdom_KHC & I reject this offer."
thepostmillennial.com
TWTR board hired Goldman to "advise" it that the Musk $54.20 offer is too low. Only problem: Goldman has a SELL rating with a $30 price target.
Saudi Prince Alwaleed just rejected the offer, via Twitter:
"I don't believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects. Being one of the largest & long-term shareholders of Twitter @Kingdom_KHC & I reject this offer."
BREAKING: Twitter shareholder Saudi Prince Al Waleed rejects Musk's bid to take over platform
Al Waleed holds over 5 percent of Twitter's shares after a stock buy in 2015. He said the offer simply wasn't high enough, given the potential for the platform's growth.
TWTR board hired Goldman to "advise" it that the Musk $54.20 offer is too low. Only problem: Goldman has a SELL rating with a $30 price target.
Obama must be proud of this useful idiot.
www.bloomberg.com
Elon Musk’s Twitter Bid by The Numbers: Alex Webb
He’s trying to pounce when the stock is low and new leadership has yet to make meaningful moves.
www.bloomberg.com
Elon Musk. Twitter Inc. A $43 billion takeover offer. And a sharp intake of breath from the microblogging platform’s 217 million users.
Beyond his desire for an edit button and some vague comments about “free speech” and Twitter’s “extraordinary potential,” we can’t know for sure what Musk has in mind for the San Francisco-based company. Let’s set aside concerns over whether he would, as owner, be a responsible steward, and examine the cold, hard financials.
The richest person in the world’s $54.20-a-share offer (420 – geddit?) values Twitter at $43 billion. In the filing announcing the bid, Musk said that was 54% higher than Twitter’s share price at the end of January, just before he started building his existing 9.2% stake in the firm. It’s a particularly convenient date to pick: the stock was trading near its lowest level since mid-2020.
Character Limit
Musk started buying Twitter shares at their lowest point since July 2020
The average share price over the prior 200 days was actually closer to $57, which would make today’s offer something of a discount. And for all his talk of it being a “best-and-final offer,” everybody knows that Musk can afford to pay more. He’s worth $259 billion, according to the Bloomberg Billionaires Index.
The key question for investors is whether they could make better returns if they held onto their stock. Analysts don’t seem to think they could. At least, not any time soon. On average, their 12-month target price for Twitter stock—i.e. the price they expect it to hit at some stage in the next year—is just $44.42. And it has been a rough three years for investors. The stock has returned just 4.6% a year, massively underperforming the S&P 500’s 18% average returns. You could forgive them for thinking Musk’s offer might be a good opportunity to cash out.
Opportunity is the key word here. The stock has been tumbling ever since a disappointing earnings outlook in October. Chief Executive Officer Jack Dorsey has departed, with former Chief Technology Officer Parag Agrawal taking his seat. In other words, Musk is striking at a moment where the stock is low and the new leadership hasn’t had a meaningful opportunity to change that trajectory.
Musk seems to believe that he can do just that. He told the board he wants to “unlock” the company’s potential. If that potential is so great, investors might quite rightly ask, shouldn’t they also benefit from the financial upside?
Social Capital
Twitter's market capitalization remains a fraction that of rival Meta Platforms
Source: Bloomberg
Doing so would, of course, require patience. On the current earnings trajectory, Musk could expect to make just a 4% annual return on his ownership of Twitter by 2025. That’s a long way from covering the social media firm’s cost of capital. He would need to double earnings to get anywhere near that. Can Twitter get close to Meta Platforms Inc. financially? Whereas the Facebook parent made some $35 in profit last year per daily active user, Twitter made less than $10. That’s a lot of upside if Musk can get it right.
I dunno, seems like Musk is doing a good thing trying to get control of Twitter and stop all their muting of non-mainstream voices. He's even roasting the Saudis in the process!
I’m kind of puzzled by his actions, on one hand he is doing spaceX along with NASA programs and God knows what secret programs might be doing in the background, he is very rich obviously and doesn’t do that much with its money (in the good sense) you would think he is 100% puppet of his master the “PTB major” like Bill Gates for example.
On the other hand, his comments and opinions are not that irrational, many times he is very coherent and points things towards the truth (in a few occasions that is) and then does movements like the one with Twitter that would make totally sense!
I would take the entire thing as distractions because at the end I think it is, but makes you wonder a little bit.
For these people, it's about control, not money. But who knows, greed may lose sight of that.
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Many are under the idea that only ruthlesness can bring entrepreneur success.
But the key is being a true innovator. OSIT.
Though other people say that Musk stole all the ideas that brought him to this point. I don't know, must be a lot of ideas he stole that happen to work out.
It is tempting to assume very public figures, whether they are politicians or billionaires, are either with us or against us. That they somehow are not complicated individuals grappling with being human and their own egos as we all are.
I perceive him as bold, somewhat eccentric, and clever in his own way. He too has an ego; being both “good” and “bad” like the rest of us struggling along to figure ourselves out.
My guess is Elon Musk is an anomaly to the control system much like Trump. Whether he serves himself or others maybe is an internal struggle for him.
I perceive him as bold, somewhat eccentric, and clever in his own way. He too has an ego; being both “good” and “bad” like the rest of us struggling along to figure ourselves out.
My guess is Elon Musk is an anomaly to the control system much like Trump. Whether he serves himself or others maybe is an internal struggle for him.
There's a a good number of syndicated news outlets that seem feel the same way. Fox news is just one of many that feel his intention's
are good for the public, (on social media platforms).
I'm not sure either what his final role will be in the coming changes currently underway.
Me, I think he continues to expose his true pantological agenda, which is also a good sign of common sense, perhaps.
Published April 14, 2022 4:59pm EDT Videos
TECHNOLOGY
While Musk bids to buy Twitter, Californians chime in on what they would do
MSNBC’s Katy Tur warned viewers on Thursday about the immense consequences that could follow if Tesla CEO Elon Musk could buys Twitter.
Following the tech mogul’s announcement that he has offered to purchase Twitter, liberal commentators and news figures criticized the move as potentially damaging to social media. On "Katy Tur Reports," Tur commented on Musk's proposal and discussed how Twitter affects democracy.
TWITTER LEFTISTS LOSE IT AFTER ELON MUSK OFFERS TO BUY THE SOCIAL MEDIA GIANT: ‘I AM FRIGHTENED’
"Twitter is very tricky, and it’s had a large effect on democracies abroad, but also here as we saw last year with the insurrection and as we saw in 2016 with the election," Tur said.
New York Times contributor Kara Swisher noted that Musk’s previous 9.1% Twitter stock purchase already put the company "under leverage" over whether to allow former President Trump to rejoin the platform.
"This is a company that is under leverage and a lot of people looked at it, but it has a lot of hair on it, including Donald Trump, speaking of hair, and whether to bring him back. You know, without Elon Musk, they have to think about if he runs for president and if he wins whether they can let him back on it, but they are under enormous pressure to do so," Swisher said.
"There are real and devastating consequences for using that platform to lie. And we’ve seen it, we’ve seen it happen," Tur argued.
She added, "It’s kind of funny, Elon Musk wants to buy it but there are massive, life and globe-altering consequences for just letting people run wild on the thing."
AXIOS WRITER PANICS ABOUT ‘WORST-CASE SCENARIO’ MUSK TWITTER TAKEOVER: BEHAVING LIKE ‘SUPERVILLIAN’
Trump was banned from Twitter back in Jan. 2021 following the Jan. 6 Capitol riot. Many conservatives called out Twitter at the time for what they considered a form of censorship. If Musk is successful and ends purchasing the company, many wondered whether he plans to reinstate Trump’s Twitter account.
Swisher noted how several Twitter employees have shown apprehension at this purchase and which could complicate the deal. Tur reported that Musk has since said that there is a "Plan B" should Twitter refuse his offer.
Katy Tur and NYT contributor Kara Swisher discuss Elon Musk's bid to own Twitter (MSNBC)
"He was asked if there was a Plan B and he laughed and said ‘there is,’" Tur said.
"However, you feel about it, that’s what Tony Stark would say," Swisher added.
Lindsay Kornick is an associate editor for Fox News Digital. Story tips can be sent to lindsay.kornick@fox.com and on Twitter: @lmkornick
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FWIW, another article about Elon Musk. 
www.sott.net
Our Fren Elon
Video credit: Greg Reese of Reese Report Everyone's having a field day watching the illiberals freak out over Twitter potentially have some level of "free speech" restoration applied in the wake of Elon Musk's offer to buy the company and take it...
www.sott.net
I agree. Musk is an inventor who by circumstances or destiny has assumed a very prominent role on the world stage, and has a lot more in common with regular folks than pathocrats like Schwabby and Gatesbaum. He's not going to save the world by himself, but when you factor in Trump, Putin and Xi - who knows what might happen yet?
