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Bernardo de La Paz

(60,320 posts)

34. Not losing. But they took their money now rather than wait on chance later

Fri Nov 11, 2022, 06:11 AM

Nov 2022

Twitter has lost lots of money over the years, but has had some profitable quarters.

As the leading social platform, more of a town square than Facebook, it had excellent prospects, but also, always, the future is uncertain. Investors who can make good money now, rather than wait out uncertainty, jumped at the offer.

It was not a "losing proposition", just an uncertain proposition. tRump is a losing proposition. (un)TruthSocial is a losing proposition, tanking.

However, Egoloon Muskrat is turning Twitter into a losing proposition, now that the unstable genius owns it. The genius part is he is destroying it faster than anyone could have imagined.

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Exodus continues at Twitter as Elon Musk hints at possible bankruptcy [View all] Kennah Nov 2022 OP

Heckovajob Musky. C_U_L8R Nov 2022 #1

Makes Brownie seem competent by comparison rpannier Nov 2022 #28

Muskrat n/t Drum Nov 2022 #2

Give him time and he'll surpass the orange mass in numbers of bankruptcies PortTack Nov 2022 #3

Maybe it is a competition PatSeg Nov 2022 #15

It goes without saying that he had no business getting involved with Twitter. The_Casual_Observer Nov 2022 #4

Unless his goal* was simply to remove Twitter from the democracy vs fascism equation NullTuples Nov 2022 #19

The bankers who funded this deal are not going to be happy LetMyPeopleVote Nov 2022 #5

Said banks are valuing the debt at 60 cents on the dollar NullTuples Nov 2022 #30

People have been killed for less money Kennah Nov 2022 #46

How many Scaramuchis till Twitter is gone? RainCaster Nov 2022 #6

about as many trusses AZLD4Candidate Nov 2022 #14

The math says 1 Truss 4.54 Scaramuccis Kennah Nov 2022 #47

Minus one lettuce nt Wicked Blue Nov 2022 #50

Moment of silence for the lettuce Kennah Nov 2022 #51

LOL good one onetexan Nov 2022 #27

Just think of all the happy stockholders who got out at the right time. keithbvadu2 Nov 2022 #7

he literally chucked 44 billion dollars right into a black hole Plectranthus Nov 2022 #8

He did Demovictory9 Nov 2022 #53

As his buddy Putin would call him: Eloon Moosk TheBlackAdder Nov 2022 #9

Geez, perhaps the Saudis backed him just to destroy Twitter not fooled Nov 2022 #10

He's dealing with China for his cars. They've got TikTok. TheBlackAdder Nov 2022 #12

I don't get it. EndlessWire Nov 2022 #11

It was all an elaborate plan to PWN the libs I guess? Crowman2009 Nov 2022 #17

Something that confuses me Ahpook Nov 2022 #13

Sorry you had to leave, but sounds great. That's really how you (should) do it electric_blue68 Nov 2022 #21

That was a rare job. I'm a Physical Therapist, requires a doctoral level degree now and I'm treated LT Barclay Nov 2022 #26

At current rates of decline there won't be anyone left to answer the phone or take in the mail by Ford_Prefect Nov 2022 #16

I don't believe it jmowreader Nov 2022 #18

Too bad Musk threw some of his own money at this. LudwigPastorius Nov 2022 #20

hahahaha he's going to piss $30 billion down the drain over his ego ZonkerHarris Nov 2022 #22

He's a genius! He planned to go into bankruptcy all along because...well.....I don't know! Martin68 Nov 2022 #23

He made the offer of 44 billion and the shareholders jumped at the chance to offload a losing Martin68 Nov 2022 #24

Not losing. But they took their money now rather than wait on chance later Bernardo de La Paz Nov 2022 #34

If Musk files for bankruptcy... Grins Nov 2022 #25

The Egoloon won't file for bankruptcy. Not close. But he can put Twitter into bankruptcy to Bernardo de La Paz Nov 2022 #35

Biden has said "Elon Musk's cooperation with other countries worthy of being looked at" Kennah Nov 2022 #48

Does Musk stand to profit by writing Twitter off on his taxes should it go bankrupt? cstanleytech Nov 2022 #29

I doubt he would get 44 billion in write off. He had to cough that up... brush Nov 2022 #37

No, he coughed up $12 billion. Other private investors are on the line for the rest Bernardo de La Paz Nov 2022 #39

Ok, the purchase price was 44B. Hard to get that in write offs. brush Nov 2022 #40

I am not sure about the laws but just because a bankruptcy is filed, Prairie_Seagull Nov 2022 #44

I wouldn't even buy Tesla now if I had the money JI7 Nov 2022 #31

The reverse Midas touch strikes again! Aussie105 Nov 2022 #32

Sounds like Musk deliberately destroyed Twitter. Joinfortmill Nov 2022 #33

Wouldn't be spending so much time on it if that was his plan. He wanted to destroy moderation Bernardo de La Paz Nov 2022 #38

I have a hard time concluding anything else. The why escapes me, but the what seems clear. Kennah Nov 2022 #49

So was the purchase a miscalculation or a Mitt Romney special... brush Nov 2022 #36

Gee what other Dickhead uses bankruptcy to fuck people over? pwb Nov 2022 #41

Bankruptcy is not an accounting move. It is cheating people out of the money that was theirs. twodogsbarking Nov 2022 #42

No doubt "safety and integrity" have left the building. honest.abe Nov 2022 #43

I like it republianmushroom Nov 2022 #45

so i assume twitter paid in stock options to employees...if bk do they all go away? dembotoz Nov 2022 #52