Newspapers are profitable. They’re just not profitable ENOUGH to keep Wall Street scumbags happy, so they get bought and sold back and forth among the vulture class.
― but also fuck you (unperson), Wednesday, 26 October 2022 19:41 (one year ago) link
he agreed the price at twitter's absolute top of its value
not quite true - twtr was a lot higher in 2021. if he'd made an offer in 2021 when twtr was trading in the $70s, the offer would probably have been $142.069. relative to that, he thought he was getting a bargain at just $54.20, but failed to account for the fed!
― 龜, Wednesday, 26 October 2022 19:43 (one year ago) link
xp to rob $250M in cash! the brinks delivery people must have felt like badasses on that day!
but still, that entire investment is a rounding error to Bezos. less than 1% of his net worth, in fact far less than that (.0017)
to compare, i have in the neighborhood of $10K left to live on. a "Washington Post" to me is $17. Less than a twenty dollar bill. I could take a 20 dollar bill and light it on fire and it would be like buying the post and burning it to the ground, on Bezos terms
― Karl Malone, Wednesday, 26 October 2022 19:43 (one year ago) link
Twitter was much more expensive, on relative terms, of course ($50 billion to musk's ~$200B). i realize that's still a lot of money, even to musk
― Karl Malone, Wednesday, 26 October 2022 19:45 (one year ago) link
Oh hey
On the @Reuters wire: EXCLUSIVE-TESLA FACES U.S. CRIMINAL PROBE OVER ITS AUTOPILOT TECHNOLOGY-SOURCES— Dan Levine (@FedcourtJunkie) October 26, 2022
― barry sito (gyac), Wednesday, 26 October 2022 19:46 (one year ago) link
we just need something bad to happen to tesla now
lol xp
― lag∞n, Wednesday, 26 October 2022 19:47 (one year ago) link
hell yeah! finally i'm starting to understand this whole "thoughts and prayers" obsession, it really works!
― Karl Malone, Wednesday, 26 October 2022 19:48 (one year ago) link
relative to that, he thought he was getting a bargain at just $54.20, but failed to account for the fed!
― 龜, Wednesday, October 26, 2022 3:43 PM (three minutes ago) bookmarkflaglink
he failed to account for a lot!
― 𝔠𝔞𝔢𝔨 (caek), Wednesday, 26 October 2022 19:50 (one year ago) link
he should have hired an accountant
― lag∞n, Wednesday, 26 October 2022 19:51 (one year ago) link
it's true
― 𝔠𝔞𝔢𝔨 (caek), Wednesday, 26 October 2022 19:51 (one year ago) link
They usually take things into account.
― immodesty blaise (jimbeaux), Wednesday, 26 October 2022 19:52 (one year ago) link
good calls
We have closed our long position in Twitter. pic.twitter.com/wsmbhxtyz9— Hindenburg Research (@HindenburgRes) October 4, 2022
― 𝔠𝔞𝔢𝔨 (caek), Wednesday, 26 October 2022 19:55 (one year ago) link
not a finance expert caek. I don't remember the context five months ago on this one messageboard but it did drop back down into the 30s for quite some time after. People made money both ways. I don't work there and i don't like the company or even the stock but it made a lot of people money on the news cycles. But most people who were trading it are glad it's over this week.
― Yerac, Wednesday, 26 October 2022 19:59 (one year ago) link
lmao he's in the building the stock price is still only $53.40. seems like trust in him is shot to the extent that next time he tries to buy a public company a board will be able to reject a strong $ offer on fiduciary grounds just because he's such a liar.
― 𝔠𝔞𝔢𝔨 (caek), Wednesday, 26 October 2022 20:00 (one year ago) link
This always happens. Look at ATVI. People play arbitrage but it's dead money. Who wants that tied up when the difference is so little.
― Yerac, Wednesday, 26 October 2022 20:01 (one year ago) link
i went through an public-private with a company at $16. the stock price was $15.85-$15.95 for four months. a dollar seems like a pretty big implied risk.
― 𝔠𝔞𝔢𝔨 (caek), Wednesday, 26 October 2022 20:04 (one year ago) link
and xxp didn't mean to pick on you in particular. everyone was very confident about what would happen. most of us were wrong. just struck me as a particularly unequivocal claim about what people think, from someone who would be in a position to know what smart people would think (or what conventional wisdom was). enough that i remembered it 6 months later, which is more than i can say about my own posts.
― 𝔠𝔞𝔢𝔨 (caek), Wednesday, 26 October 2022 20:05 (one year ago) link
I probably do not understand what you are trying to say then.
― Yerac, Wednesday, 26 October 2022 20:05 (one year ago) link
"Hindenburg" is a rather ominous name for a company that is supposed to be about the future.
― immodesty blaise (jimbeaux), Wednesday, 26 October 2022 20:06 (one year ago) link
he literally tried every conceivable way to get out of the deal. It is a terrible deal. Everyone realizes this.
― Yerac, Wednesday, 26 October 2022 20:06 (one year ago) link
xpI was thinking the same thing, so went to their web site and learned they picked that name intentionally, because they focus on finding companies that are close to self-destruction.
― nickn, Wednesday, 26 October 2022 20:09 (one year ago) link
Oh, the humanity
― immodesty blaise (jimbeaux), Wednesday, 26 October 2022 20:10 (one year ago) link
they publish short reports. they were shorting twtr like everyone else in the world when elon was trying to get out of it and then they went long when it looked like he was stuck.
― Yerac, Wednesday, 26 October 2022 20:11 (one year ago) link
xxp oh for sure. but "no one thinks he will pay $54.20 per share for twtr. no one." is a statement that conventional wisdom was that he would succeed in getting out of the deal. which it was!
― 𝔠𝔞𝔢𝔨 (caek), Wednesday, 26 October 2022 20:11 (one year ago) link
again, i probably have no clue what you are trying to say. well done. look at the big dick on caek.
― Yerac, Wednesday, 26 October 2022 20:12 (one year ago) link
my point is not that you were wrong. if you want me to try to explain more clearly then lmk, but if you don't care that's fine.
― 𝔠𝔞𝔢𝔨 (caek), Wednesday, 26 October 2022 20:15 (one year ago) link
i am good, i kind of have a memory about you working at twtr? but it's ok.
― Yerac, Wednesday, 26 October 2022 20:16 (one year ago) link
it's never a good idea to make general points by quoting a specific poster. for some reason they take it personally.
― more difficult than I look (Aimless), Wednesday, 26 October 2022 20:17 (one year ago) link
Like, literally I got pings that someone was being a dick about me when i haven't posted here in months and months.
― Yerac, Wednesday, 26 October 2022 20:19 (one year ago) link
aimless, that's fair. yerac, sorry for doing that.
xxp yes i worked there until last month. it was weird. i wouldn't pay $46bn for it.
― 𝔠𝔞𝔢𝔨 (caek), Wednesday, 26 October 2022 20:20 (one year ago) link
so wait - carrying the sink into the lobby was just so he could tweet a pun? What is he, 14 years old?
― Andy the Grasshopper, Wednesday, 26 October 2022 20:34 (one year ago) link
That reeks of "Steve Jobs making his assistant get him a dress shirt five minutes before his McIntosh demo just so he could show that its floppy disks fit in a breast pocket" energy, except with less of a point
― stank viola (Neanderthal), Wednesday, 26 October 2022 20:47 (one year ago) link
doing stupid stuff for the sake of a bad pun is good imo
― micah, Wednesday, 26 October 2022 20:54 (one year ago) link
Ehh, when you've publicly stated that you plan to lay off most of the workforce? Not necessarily a way to ingratiate yourself into the new digs
― Andy the Grasshopper, Wednesday, 26 October 2022 20:57 (one year ago) link
I brought these leis for you from Hawaii.
Now I want you to count off from 1-10, and everyone with numbers 1-7, take them off
― stank viola (Neanderthal), Wednesday, 26 October 2022 21:00 (one year ago) link
Meanwhile...
https://www.reuters.com/legal/exclusive-tesla-faces-us-criminal-probe-over-self-driving-claims-sources-2022-10-26/
https://www.caranddriver.com/news/a41781263/tesla-us-criminal-investigation-full-self-driving/
(it's about time)
― Lee626, Wednesday, 26 October 2022 23:07 (one year ago) link
lol i finally got a chance to read the _dark forest_ thingy and saw the author and just lolled irl, it's been a long time since i thought about him. good enough piece though.
― i'm right back on my shit (Hunt3r), Wednesday, 26 October 2022 23:54 (one year ago) link
“elon musk will never actually buy twitter” is kind of the “no way donald trump would win a presidential election let alone be a serious candidate” of 2022 and ok, yeah, still doesn’t make a lot of sense
― mh, Thursday, 27 October 2022 01:25 (one year ago) link
The difference is Trump wasn’t desperately trying to get out of being President
― frogbs, Thursday, 27 October 2022 01:37 (one year ago) link
since this is the platform thread, is this good
Meta has lost almost 20 percent of its value since the stock market closed three hours ago. pic.twitter.com/P3N6ikcgYw— Ernie Smith (@ShortFormErnie) October 26, 2022
― lag∞n, Thursday, 27 October 2022 01:43 (one year ago) link
context is zuck had an earning call in which he announced their profits were way down and he planned to waste even more money on the metaverse
― lag∞n, Thursday, 27 October 2022 01:44 (one year ago) link
If we allocate more to metaverse I think it might get some legs
― Karl Malone, Thursday, 27 October 2022 01:58 (one year ago) link
Musk should buy Facebook, too.
― Josh in Chicago, Thursday, 27 October 2022 02:05 (one year ago) link
then we'd have Facebook for celebrities/Facebook for everyone els e
― | (Latham Green), Thursday, 27 October 2022 02:32 (one year ago) link
Zuck revealed a colosseum in the metaverse where David Fincher and Aaron Sorkin are forced to fight his programs
― Cinta Kaz is comin' to town (Sufjan Grafton), Thursday, 27 October 2022 03:22 (one year ago) link
― frogbs, Wednesday, October 26, 2022 8:37 PM (yesterday) bookmarkflaglink
There was a brief period during the primaries where it seemed like he was! That was an actual rumor, that he was trying to run but not win in order to boost his profile. I think a lot of the erratic behavior and what looked like self-sabotage wasn't him trying to get out of the job, though, it was just normal Trump (as we later figured out)
― mh, Thursday, 27 October 2022 15:21 (one year ago) link
"Surely his promise to prevent all Muslims from entering the country will sink his candidacy."
― immodesty blaise (jimbeaux), Thursday, 27 October 2022 15:25 (one year ago) link
i feel like trump taught people to be incredibly cynical about the rule of law, and mostly that was the right lesson, but it didn't apply here. wonder if delaware can run things for a while.
― 𝔠𝔞𝔢𝔨 (caek), Thursday, 27 October 2022 16:14 (one year ago) link
so elon’s gonna re-platform trump, which will probably lead to facebook re-platforming trump because they don’t want to miss out on the ad dollars and engagement, right? which leads to trump 2024?
― 龜, Thursday, 27 October 2022 16:16 (one year ago) link
Democracy will be strong enough to take it now that Biden has done so much for the American people.
― xyzzzz__, Thursday, 27 October 2022 16:35 (one year ago) link