Hey, that Elon, he’s quite the businessman!

Elon Musk admits that Twitter’s value has dropped since his takeover

https://wegotthiscovered.com/social...witters-value-has-dropped-since-his-takeover/

Despite the effort to make paid verification a success and claims of Twitter usage on the rise, Twitter’s value has declined after nearly six months of Elon Musk‘s ownership. The new social media CEO revealed that the company’s value has lost almost half its value since he took over back in October 2022.
###########

Almost? I don’t know where the author studied math but, 24 million, wouldn’t that be OVER half its value? I’m guessing Elon’s investors are amazed appalled at his management style.

He must have been looking over tRaitor tRumps shoulder in business class.

 

So?

 

Well, it’s a current event, 24 million isn’t pocket change and, when a genius like Elon loses that kind money on a business that was thriving before he bought it in 5 months? I think that’s a pretty big “so”.

What’s your point?

 

I believe his point might have been that this story is a nothing burger. There are always setbacks in most businesses. How long has Elon owned Twitter?

 

Pretty much what Overitall said. Its a nothing burger. Did anyone really think that he wouldn't take a hit buying Twitter? Especially with leftists screaming about him because they consider him right wing? This is not news. Musk knew he'd take a hit.

 

He lost $24 billion in 6 months.

Chances are high that Musk will be broke before the end of the year.

 

Elon knew the value of Twitter was overpriced when he bought it. But sometimes there's more value in a company than just profits, like a principle. Elon, primarily, bought Twitter in order to rescue it from censorship of conservative voices. If his plan to right Twitter financially is successful he estimates it will be worth $250 billion by the time it's fully realized. Entrepreneurs are risk takers, with their financial portfolio rising and falling, to rise again. Some people don't have the guts to take a chance on things, Elon is not one of them that won't take a chance.

 

Considering he was worth 260+ billion before he bought Twitter...probably not.

 

Many on the left are typically jealous of successful business people and just want to see them fail. It gives them some sort of satisfaction knowing that the rich can be bought down to their level instead of admiring them for the risks they take. It's risk takers, like Elon, that has contributed to making our Nation a powerhouse in finances.

 

Musk's fortune comes mainly from the value of Tesla's shares.

The company doesn't make a profit, it survives only on the carbon tax. And the shares have lost 40% in the last year.

But I understand that because Musk shares your political ideas, he can't fail....

 

LoL

Is that why Musk wanted to illegally withdraw his bid on Twitter?

 

Tesla also lost 65% of its value, or $700 Billion.

That's not pocket change, but Twitter is his privately owned company so who cares. Tesla, in the other hand, is owned by stock holders, and they do care. As an individual he has lost over half if his wealth, which is more that anyone in history of mankind. He still has plenty left of course.

He's a weird guy, and obviously smart. At this time he makes frequent comments in social media, but people don't seem to care too much anymore, and I think its because......well those comments are weird and irrelevant.

 

I can't address fantasy claims.

 

What planet do you live on?

Elon Musk withdraws $44bn bid to buy Twitter after weeks of high drama

https://www.theguardian.com/technology/2022/jul/08/elon-musk-buy-twitter-withdraw

 

What's illegal about it?

 

Musk failed to prove that Twitter had made false representations and was forced to buy it against his will.

 

Well, failing to prove something isn't illegal. If it was, many trials would be illegal.

 

As per usual, another half the story thread.

Twitter has been operating at a massive loss for years, failing to book an annual profit. For eight out of the last ten years, the company has posted a loss. While losses are trending downwards, the company saw a net loss of a staggering $1.14 billion just in 2020.

Musk declared the company is worth half what he paid for it to his employees. And the left goes wild. lol
As per usual. lol

 

Twitter is about to take another big hit, their source code was compromised.
https://apnews.com/article/twitter-source-code-github-leak-3e79927806911f9ee112b0383b51102a

Not sure what Musk saw in Twitter.

 

Remember when everyone was clambering about Musk's poor business sense when Tesla was losing capital?

Well...

Tesla Is Now The World’s Most Valuable Car Company With A $208 Billion Valuation

 

There are a number of start up EV manufacturers entering the market, as well as the established, so Tesla is going to be running into some serious competition.

 

Tesla open sourced their EV battery system so other companies could build their own with the existing technology. Elon knows that competition also brings evolution and he is for saving the planet. Funny how people will fight one merely because the media tells you not to support them, even though, he is doing what ever liberal is wanting by working towards saving the planet.

 

Musk's case was so hopeless, he didn't even go to trial....

But he's going to resurrect conservatism in the US, keep the faith.

 

Yes, but their issue was also the fact that Musk had made running the corporation way too dependent on him (he even slept at the office lot of the time), and then he immersed himself in Twitter, which left Tesla leaderless.

 

It's interesting to watch someone back away from what they originally claimed. It's like watching ants building a nest.