what is trump's "rosebud" because i bet it's either gross or cruel xp and sorry
― The Hon. Christian Sharia (R - MO) (Hunt3r), Friday, 13 May 2022 16:58 (one year ago) link
Trump's "Rosebud" is the old mayonnaise jar he used to kill caterpillars before they could become something beautiful
― Andy the Grasshopper, Friday, 13 May 2022 17:04 (one year ago) link
jarful of eyeballs from kids he had his juvenile pa's/droogs beat unconscious.
― The Hon. Christian Sharia (R - MO) (Hunt3r), Friday, 13 May 2022 17:13 (one year ago) link
His asshole
― DAMAGED by Black Flat (Boring, Maryland), Friday, 13 May 2022 17:25 (one year ago) link
Jerkoff sock he lost behind his bed in 1964.
― daBobo (PBKR), Friday, 13 May 2022 17:53 (one year ago) link
sorry all
― difficult listening hour, Friday, 13 May 2022 20:36 (one year ago) link
lol cmon man
To find out, my team will do a random sample of 100 followers of @twitter. I invite others to repeat the same process and see what they discover …— Elon Musk (@elonmusk) May 14, 2022
― lag∞n, Saturday, 14 May 2022 02:43 (one year ago) link
100 followers! you can tell this man is serious
― more difficult than I look (Aimless), Saturday, 14 May 2022 03:06 (one year ago) link
Truly wish this guy would just blast himself into pieces on one of his rockets
― we need outrage! we need dicks!! (the table is the table), Saturday, 14 May 2022 12:31 (one year ago) link
The question now is, has Musk invented a set of underground tunnels for transportation, like London already had 150 years ago, or given the narrow clearance and the fire risk has he invented a set of underground tunnels for interring bodies, like Rome already had 2000 years ago.— Warren Terra (@warren__terra) May 14, 2022
― Tsar Bombadil (James Morrison), Saturday, 14 May 2022 12:58 (one year ago) link
so it turns out the testing 100 followers tweet was a tease towards violating an NDA. great job, idiot.
― adam t. (abanana), Sunday, 15 May 2022 14:40 (one year ago) link
no one thinks he will pay $54.20 per share for twtr. no one.
― Yerac, Sunday, 15 May 2022 17:16 (one year ago) link
Remember, this is the guy who tweeted he was going to heroically take over the rescue mission for that group stuck in the underwater cave a couple of years ago and all that came of it was a lawsuit for slandering someone who was actually useful as a pedo on twitter.
― more difficult than I look (Aimless), Sunday, 15 May 2022 18:38 (one year ago) link
no, he's just not stupid enough to overpay that much for TWTR.
― Yerac, Sunday, 15 May 2022 20:01 (one year ago) link
He was! He literally bought it Twitter at the top of the market. He’s trying to get out or negotiate the price down because his friends are laughing at him and he can no longer afford it.
― 𝔠𝔞𝔢𝔨 (caek), Sunday, 15 May 2022 20:17 (one year ago) link
it wasn't the top of the market, but it makes no sense to try to figure out his intention at the time, whether he misjudged the market or was on some type of bender. he obviously finally figured it out when his btc position went underwater and tsls and twtr were tanking. everyone has been shorting every pop on twtr and tsla for weeks.
― Yerac, Sunday, 15 May 2022 20:21 (one year ago) link
Eh, “he’s not stupid enough to overpay that much” doesn’t hold water. He quite clearly was. All that’s changed is what he can afford.
― 𝔠𝔞𝔢𝔨 (caek), Sunday, 15 May 2022 20:24 (one year ago) link
ok, you are reading too much into that. I am speaking about the present.
― Yerac, Sunday, 15 May 2022 20:25 (one year ago) link
I mean I agree that he’s not so very stupid that he thinks 54.20 is a fair price.I’m just pointing out that he was the one who offered that price, so he must be stupid.I guess we can conclude he’s stupid, but not very stupid.
― 𝔠𝔞𝔢𝔨 (caek), Sunday, 15 May 2022 20:30 (one year ago) link
i think it's a useless thing to argue if you are not doing anything with the information. anyway he has enough institutional and saudi backers now that his tsla shares aren't as much on the line. but if he had just waited a little longer he could have gotten twtr shares at $27-$30.
― Yerac, Sunday, 15 May 2022 20:34 (one year ago) link
If ilx is not for arguing claims on whose truthfulness you are not going to act then I don’t know what it’s for any more. But fwiw I work at Twitter for now so I do have some skin in the game and what I think about musk does matter for what I do next.Anyway I think my objection is the consensus in his replies that we are dealing with someone very smart because he is negotiating down the price. He offered the original price! He’s obviously an idiot!
― 𝔠𝔞𝔢𝔨 (caek), Sunday, 15 May 2022 20:44 (one year ago) link
lol, it's good i didn't post my original target for twtr shares if the elon deal doesn't go through. but he has until oct.
― Yerac, Sunday, 15 May 2022 20:47 (one year ago) link
Ha if the deal collapses it’s headed for the teens. I am under no illusions.
― 𝔠𝔞𝔢𝔨 (caek), Sunday, 15 May 2022 20:50 (one year ago) link
pretty clear that elon is in some way unstable but has been able to ride it to the point where he may be too big to fail
― lag∞n, Sunday, 15 May 2022 23:05 (one year ago) link
read a pretty convincing twitter thread from a lawyer with expertise in such matters that twitter has good case to make him go through with the deal at the agreed upon price
― lag∞n, Sunday, 15 May 2022 23:06 (one year ago) link
yeah matt levine wrote about this in his column.... seemed to come to the conclusion that while twitter legally could do that, he wasnt sure if it would be worth the hassle for them?
― just sayin, Sunday, 15 May 2022 23:16 (one year ago) link
idk its looking like a good price
― lag∞n, Sunday, 15 May 2022 23:18 (one year ago) link
true. his reasoning was -
On the other hand, what if he does it anyway? What if he just says “no, I’d rather not close”? What is Twitter going to do? Sue him? It is easy for me, sitting here and looking at the contract, to say that Twitter would win that lawsuit and a court would order Musk to pay the money and close the deal. I do think that![3] But actually making that happen requires filing a lawsuit and going to court and asking a judge to make him pay billions of dollars to buy a company he doesn’t want. It requires his banks to fund $13 billion of debt for a risky leveraged buyout whose whimsical buyer is no longer interested.
Contractually this is all pretty buttoned-up, and I think a Delaware court would have a ton of sympathy for Twitter and none at all for Musk, who is acting in the most transparent and smirking bad faith. But there is a lot that could still go wrong. Suing would take time, and would cause bad publicity, and would create uncertainty among employees and users and advertisers. Letting him walk, focusing on the business, and taking the $1 billion — or negotiating a slightly higher breakup fee to save face — might be a better, though terrible, outcome for Twitter.
― just sayin, Sunday, 15 May 2022 23:43 (one year ago) link
"uncertainty among employees" is one way of putting it. lmao at their reaction to the news the board is suing someone who doesn't want to be their boss to make him be their boss.
― 𝔠𝔞𝔢𝔨 (caek), Sunday, 15 May 2022 23:47 (one year ago) link
It requires his banks to fund $13 billion of debt for a risky leveraged buyout whose whimsical buyer is no longer interested.
this part is wrong tho regardless what the bank does musk by virtue of being ~the richest man in the world~ has no argument that he cant get the money
― lag∞n, Sunday, 15 May 2022 23:48 (one year ago) link
and i suspect the board might be more worried about sharholder value than employee/product uncertainty particularly in the context of a tanking market
― lag∞n, Sunday, 15 May 2022 23:52 (one year ago) link
at the very least they cld prob get him to cough up another billion or two
― lag∞n, Sunday, 15 May 2022 23:53 (one year ago) link
also, chalk up statistics as another thing musk is bad at. sample size is much more important than population. 100 is pretty good! sure, 200 or 300 would be better, but if they only found 1 or 2 spam accounts in the 100 then less than 5% is a good estimate.
― adam t. (abanana), Monday, 16 May 2022 00:08 (one year ago) link
― 𝔠𝔞𝔢𝔨 (caek), Monday, 16 May 2022 04:17 (one year ago) link
― Yerac, Sunday, May 15, 2022 4:34 PM (yesterday)
he's apparently got enough to take his margin loan down from $13B to $6-7B, but he also committed to provide $21B of his own money, which is pretty lol at the price of $54.20 - if he can negotiate a price at half of what he committed to, he saves $10B of his own cash, it's a good incentive.
it's also funny how he own goaled his tsla shares, he revealed his financing plans on 4/20 and tsla shares are down 25% since then.
― 龜, Monday, 16 May 2022 14:06 (one year ago) link
― lag∞n, Sunday, May 15, 2022 7:06 PM (yesterday)
i pointed this out on friday itt ;)
but yeah i think the funniest/most hilarious outcome would be for twitter to sue him for specific performance and force him to fund and close, and for twtr then to take elon down in a death spiral as advertisers flee and twtr defaults on its debt. (obv maybe not funny for caek, at least in the short term :( )
i don't think enough has been made about how elon is leveraging twtr to the hilt with these very public loans that all of twtr's advertisers know about and can see, i'm sure these guys are salivating at the thought of renegotiating their deals with additional leverage. he also has to find money to fund the equity comp that twtr's employees are no longer getting, i think i read a figure that it' about $900MM a year. any significant move by advertisers away from twtr and elon will have to pony up significant additional $$$ each year just to keep twtr from declaring bankruptcy (he already has to pay $$$ per year on his personal margin loan, not withstanding the additional equity commitments).
― 龜, Monday, 16 May 2022 14:16 (one year ago) link
Don’t worry about me. I’ll be working at a differently widely loathed tech company by then.
― 𝔠𝔞𝔢𝔨 (caek), Monday, 16 May 2022 14:35 (one year ago) link
― 龜, Monday, May 16, 2022 10:16 AM (twenty minutes ago) bookmarkflaglink
apologies for not recognizing the aforementioned opinion at said date my expertise is mostly in bird law
― lag∞n, Monday, 16 May 2022 14:37 (one year ago) link
Per https://www.nytimes.com/2022/05/06/technology/elon-musk-twitter-pitch-deck.html “Stock-based compensation costs are also expected to rise to just over $3 billion by 2028, from $914 million in 2022.”They’ve announced pending stock grants will be paid as cash based on the stock purchase price, so if cash is a problem then negotiating the purchase price down helps not just with how much he needs upfront but also the carrying costs.
― 𝔠𝔞𝔢𝔨 (caek), Monday, 16 May 2022 14:39 (one year ago) link
that deck is completely insane
― 龜, Monday, 16 May 2022 14:46 (one year ago) link
that thread i mentioned said that negotiated price reductions to avoid litigation over specific performance in other deals had been small like <%5
― lag∞n, Monday, 16 May 2022 14:53 (one year ago) link
i do wonder if twtr employees will be given an option to roll over their equity comp into the private co, i think i read somewhere that musk may have been pitching privately that he'd re-ipo the company in 3-4 years a la private equity...
that deck is still certifiably insane tho, he's lucky he's taking the company private away from plaintiff's lawyers (but maybe one of his equity investors will feel so burned they'll sue him anyway if twtr crashes and burns as a private co)
― 龜, Monday, 16 May 2022 15:37 (one year ago) link
First, let me state the obvious: spam harms the experience for real people on Twitter, and therefore can harm our business. As such, we are strongly incentivized to detect and remove as much spam as we possibly can, every single day. Anyone who suggests otherwise is just wrong.— Parag Agrawal (@paraga) May 16, 2022
insane that musk's diligence expedition is taking place in public view with the CEO but i guess that's just elon for ya
― 龜, Monday, 16 May 2022 16:39 (one year ago) link
the musk show
― lag∞n, Monday, 16 May 2022 16:42 (one year ago) link
oh great now i have to explain to people that yes i understand that spam is bad
― towards fungal computer (harbl), Monday, 16 May 2022 17:06 (one year ago) link
current stated existing RSU grants will vest on the original as cash @ $54.20, and purchase agreement promises (ha!) no further comp changes for 12 months after the deal closes. after that they're going to need to do something stock refresher like (i.e. additional perf related cash grants, or something like the weird "stock" thing they do at tesla), otherwise the $-focused people will leave and get paid market rate (i.e. lots more).
― 𝔠𝔞𝔢𝔨 (caek), Monday, 16 May 2022 17:07 (one year ago) link
current stated plan*
i "get" what musk fans think they are doing when they troll twitter employees saying "you are such spoiled babies with your wellness grants and your standing desks, get ready for the real world". they're right. i am a spoiled baby. but i am not getting ready for the real world. i don't have to! there's a hiring market!
i know people here who don't hate musk, but i don't know *anyone* here who wants to work at a private company owned by someone who is known to pay badly and has opaque compensation plans after 12 months.
― 𝔠𝔞𝔢𝔨 (caek), Monday, 16 May 2022 17:17 (one year ago) link
getting cashed out at $54.20 is not bad in this market tbh.
i imagine the lure of other tech companies must be strong ("our shares have fallen 50-70% true, but if you join now your equity is going to be vesting at a relatively low price and you'll make bank when markets recover...)
headhunters must be furiously targeting anybody with 'twitter' in their linkedin
― 龜, Monday, 16 May 2022 17:23 (one year ago) link
my response to every one of your paragraphs is "yes, precisely".
― 𝔠𝔞𝔢𝔨 (caek), Monday, 16 May 2022 17:25 (one year ago) link