Elon Musk buys and ruins Twitter

[Pedestrian]

Social media is shite , get rid

Depends how you use it. Most of your views I find ‘shite’ but I don’t mind having them around.

 

[Gareth Barry Conlon]

So anyone can buy a blue tick and the verification is meaningless. This will not end well.

 

[FogBlueInSanFran]

All they needed was a different mark, or just a different colour to distinguish between official accounts of importance and his paid subscribers.

LOL

 

[domalino]

Everything going to plan.

 

[SWP's back]

Remember someone saying the banks would be happy with their $13bn loan to Musk for Twitter.

They’re trying to offload the debt for 60 cents in the dollar and still aren’t getting any takers.



So it’s going as well as some of us said.

 

[Blue Mist]

Fred West has got an account on Twatter now.
For £8* that's not bad for a dead man

*I couldn't find the dollar sign on my phone

 

[domalino]

Remember someone saying the banks would be happy with their $13bn loan to Musk for Twitter.

They’re trying to offload the debt for 60 cents in the dollar and still aren’t getting any takers.



So it’s going as well as some of us said.

I wonder if this is because of TSLA going to shit?

The banks held on to the debt instead of packaging it originally, and it was speculated this was because they wanted the TSLA stock it was guaranteed with if twitter failed.

But that was when TSLA was at 300, not 180 and falling.

 

[SWP's back]

I wonder if this is because of TSLA going to shit?

The banks held on to the debt instead of packaging it originally, and it was speculated this was because they wanted the TSLA stock it was guaranteed with if twitter failed.

But that was when TSLA was at 300, not 180 and falling.

Also remember that Musk not only had to put Tesla stock up for collateral to borrow against, but he had to put 3-4x the value of the loan up. I’d say that right now, he’s highly illiquid and probably panicking quite a bit.

Ps, Tesla stock now $190, weren’t we told a week ago to buy at $220?

S&P500 index up 5% yesterday which is where I’m currently all in.

 

[SWP's back]

Going well..

 

[Gareth Barry Conlon]