Elon Musk buys and ruins Twitter

I'm With Stupid said:
Yeah, but weren't they the most valuable car company in the world at a time when they were selling handfuls of cars in the grand scheme of things?

It's almost like Tesla stocks were being propped up by people who were disappointed they didn't buy Apple stocks in the early 2000s and wanted to get on the next big thing. So many people think that Tesla is going to become the biggest car manufacturer in the world (and it might) that it's priced as if it already is. Or was until recently.

It kinda reminds me of the huge inflation of youth footballers. When Chelsea came along, the rags shifted their strategy to young players that they could get on the cheap. The struck lucky with Ronaldo, and suddenly every club in the world shifted to chasing the next big thing and suddenly barely proven kids were being priced as if they were world class talents.
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No-one has ever attached share value to the performance of a company unless you're looking at the longer term, for example if you want the dividend payout but Tesla does not pay dividends. Volatility represents where the money is made and what's keeping the price up is also the fact that Tesla is the 3rd most traded stock in the US.

As for the doom merchants on here, well just look at Apple. Apple is the most valuable stock in the world by capitalisation and perhaps company performance yet the stock has crashed 24% over the last 12 months. Would you now refuse to buy Apple in a low under the assumption that Apple is going to go bust and it will never recover? That would be ridiculous.

Amazon and Microsoft shares are also at their lowest values for 12 months so maybe those on here are actually wrong and what's happening at Tesla is more reflective of the collapse in confidence and value, plus high interest rates within the US economy. This won't last forever and it will of course recover eventually which is why it's a great time to buy.
 
Banned parody accounts now.

Is he trying to destroy Twatter?
 
mat said:
Banned parody accounts now.

Is he trying to destroy Twatter?
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They just have to be clearly marked parody, which has always been the case hasn't it? He's just highlighting it as anyone can pay $8 to be verified and pretend to be someone else, but if not marked parody you will be banned.
 
Scottyboi said:
They just have to be clearly marked parody, which has always been the case hasn't it? He's just highlighting it as anyone can pay $8 to be verified and pretend to be someone else, but if not marked parody you will be banned.
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Thank you for the clarification.

BBC News just said all parody accounts being removed and advertised an open source called Masterdon. Which I'm sure breaches their code?
 
mat said:
Thank you for the clarification.

BBC News just said all parody accounts being removed and advertised an open source called Masterdon. Which I'm sure breaches their code?
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That masterdon was trending on twitter , some sort of btec version of twitter that people are joining. The trick to twitter is getting yourself banned and using it as view only like I do haha. BBC missing half the details it seems and I'm no Musk fan.
 
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inbetween said:
No-one has ever attached share value to the performance of a company unless you're looking at the longer term, for example if you want the dividend payout but Tesla does not pay dividends. Volatility represents where the money is made and what's keeping the price up is also the fact that Tesla is the 3rd most traded stock in the US.

As for the doom merchants on here, well just look at Apple. Apple is the most valuable stock in the world by capitalisation and perhaps company performance yet the stock has crashed 24% over the last 12 months. Would you now refuse to buy Apple in a low under the assumption that Apple is going to go bust and it will never recover? That would be ridiculous.

Amazon and Microsoft shares are also at their lowest values for 12 months so maybe those on here are actually wrong and what's happening at Tesla is more reflective of the collapse in confidence and value, plus high interest rates within the US economy. This won't last forever and it will of course recover eventually which is why it's a great time to buy.
Click to expand...

Tesla was a stock attractive to both tech funds and eco funds. These are the two big growth areas of the last 10 years. That is possibly why the stock went from $2 to $25 a share in the 10 years up to Dec 2019. It did this without ever making a profit - a solid performance.

Then it starts getting attention of online / social media commentators who loved banging on about how much money they are making - mostly with crypto. These people are professional hypers who are basically running a pump and dump game. These types and Musk's bizarre behaviour and Tesla making some modest profit were a potent mix. The stock went from $25 in dec 2019 to over $400 within a year.

Lots of tech companies get overvalued but Tesla was massively overvalued. Its starting to correct now as the tech/crypto bubble has burst. The stock is $207 today - I think sub $100 could be possible within the next 12 months.
 
inbetween said:
No-one has ever attached share value to the performance of a company unless you're looking at the longer term, for example if you want the dividend payout but Tesla does not pay dividends. Volatility represents where the money is made and what's keeping the price up is also the fact that Tesla is the 3rd most traded stock in the US.

As for the doom merchants on here, well just look at Apple. Apple is the most valuable stock in the world by capitalisation and perhaps company performance yet the stock has crashed 24% over the last 12 months. Would you now refuse to buy Apple in a low under the assumption that Apple is going to go bust and it will never recover? That would be ridiculous.

Amazon and Microsoft shares are also at their lowest values for 12 months so maybe those on here are actually wrong and what's happening at Tesla is more reflective of the collapse in confidence and value, plus high interest rates within the US economy. This won't last forever and it will of course recover eventually which is why it's a great time to buy.
Click to expand...
Lol
 
Scottyboi said:
They just have to be clearly marked parody, which has always been the case hasn't it? He's just highlighting it as anyone can pay $8 to be verified and pretend to be someone else, but if not marked parody you will be banned.
Click to expand...
He’s also banning Elon parody accounts that do show as parody on the bio
 
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