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tRump meets with Elon Musk (Original Post) KS Toronado Nov 2022 OP
Ha ha heh...but I suspect that Elon is doing pretty good all by himself in bankrupting Twitter ... SWBTATTReg Nov 2022 #1
We Can Estimate ProfessorGAC Nov 2022 #3
I believe Musk is a ghoul and twitter will fail. DemocratSinceBirth Nov 2022 #5
Just wait at the crossroads. Robert Johnson will be along soon. . . . nt Bernardo de La Paz Nov 2022 #7
He's a ghoul. You can see how he treats people. DemocratSinceBirth Nov 2022 #8
Okay, you edited the post, so my little attempt at a joke is meaningless; no worries Bernardo de La Paz Nov 2022 #9
F--ing auto fill. DemocratSinceBirth Nov 2022 #10
Supernatural yankee87 Nov 2022 #11
I was wondering if longer term, is he planning on using Twitter to provide content to his Star link SWBTATTReg Nov 2022 #13
Hah! UTUSN Nov 2022 #2
A contrary question JMCKUSICK Nov 2022 #4
Egoloon laughs and says "I got a whole bunch of new ways!" . . . . nt Bernardo de La Paz Nov 2022 #6
those fucking fishlips Skittles Nov 2022 #12

SWBTATTReg

(22,156 posts)
1. Ha ha heh...but I suspect that Elon is doing pretty good all by himself in bankrupting Twitter ...
Sat Nov 19, 2022, 07:17 PM
Nov 2022

all by himself. How much is Twitter worth anymore (that is, how much of the overpaid $44 Billion Dollar price tag did he burn through)?

ProfessorGAC

(65,159 posts)
3. We Can Estimate
Sat Nov 19, 2022, 08:23 PM
Nov 2022

$44 billion paid for $14 billion in assets, the assumption of existing debt and $11 billion in new debt, for $5 billion in annual revenues with under 4% in pretax margins.
Not good, huh?
Thing is, I'm not seeing how a judge would offer favorable reorganization terms under Chapter 11 when the owner voluntarily overpaid by $30 billion over assets.
Why wouldn't a judge consider it unsalvageable and insist on Chapter 7, in which case the creditors take ownership?

DemocratSinceBirth

(99,711 posts)
8. He's a ghoul. You can see how he treats people.
Sat Nov 19, 2022, 09:42 PM
Nov 2022

He makes it hard to argue you can be rich without being a prick.

Bernardo de La Paz

(49,034 posts)
9. Okay, you edited the post, so my little attempt at a joke is meaningless; no worries
Sat Nov 19, 2022, 09:44 PM
Nov 2022

I'm just glad you are no longer an intersection.

SWBTATTReg

(22,156 posts)
13. I was wondering if longer term, is he planning on using Twitter to provide content to his Star link
Sun Nov 20, 2022, 12:38 PM
Nov 2022

satellite constellation? I was wondering why he was interested in a content-based application (twitter) and thought immediately of his Star link. I don't know enough about Star Link other than the fact that it provides telecommunications services to various across the globe Countries.

Broadband is an increasingly rare commodity, so this could be a rather expensive way to get into needed bandwidth. With that said, I also had heard that even though the entire satellite consortium isn't up yet (I don't think it's all up there yet, until 2027 from what I read), transmission speeds are already slowing down due to existing traffic (whoa, and the network is not even fully deployed).

In any event, paying such a gigantic premium for Twitter left me wondering what in the hell is he doing here? From his initial press releases and / or demands to Twitter employees, I don't think he even knows what the hell he's doing. Could it be that he's getting ready to sell off Tesla, and using the losses on Twitter to offset his tax liabilities? Just a random thought.

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