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> Yeah the people who bought PayPal for 1B at EBay must be kicking themselves over that acquisition it is only worth 240B now. What does the current market cap

by GDC7 5y ago

> Yeah the people who bought PayPal for 1B at EBay must be kicking themselves over that acquisition it is only worth 240B now. What does the current market cap have to do with Musk? He has not been at the helm of PayPal since 2000 This is like saying Henry Ford deserves credit for the Mustang Mach-e

rkk3 5y ago
You said the business was a "sinking ship" offloaded to a "bigger fool" when its grown 240x since then and is one of the most successful acquisitions ever...
- GDC7 5y ago
  A bigger fool in terms of acquisition cost can be great at execution. The 2 are not mutually exclusive. Ebay was a bigger fool as it overpayed for PayPal but their execution was brilliant in making PayPal a platform that is actually used by people, and not just vaporware future hope and dreams, like each and every Musk company.
  - rkk3 5y ago
    Are Google & FB also "fools" for buying Youtube & Instagram or are they outside your fanboy distortion field?
    - GDC7 5y ago
      Google overpaid for Youtube, for sure. Facebook could have negotiated harder for Instagram but 600M or 1B doesn't make a huge difference for a giant like them. Facebook also paid 20B for Whatsapp which is nuts. The thing with Musk is that it's his modus operandi, meaning divorcing his net worth from the real and tangible impact of the company he is at the helm of. He has done it again and again, when he perceives that he has a bigger fool ready he offloads the overpriced equity and bails. He'd do it again , only problem Tesla is so big in terms of market cap that the bigger fool at this point can only be the Federal Government. Some people in here excuse him because it's exactly what they want to do too. Creating a startup, hype it up and sell it to a Forbes500 company who'd overpay for it and would then kill it off
      - tqkxzugoaupvwqr 5y ago
        > only problem Tesla is so big in terms of market cap that the bigger fool at this point can only be the Federal Government He could easily sell his Tesla shares to the public but hasn’t. He could take SpaceX public and make another dozens of billions. He hasn’t done it. I don’t see the pump and dump you are attributing to him.

by GDC7 5y ago

rkk3 5y ago

You said the business was a "sinking ship" offloaded to a "bigger fool" when its grown 240x since then and is one of the most successful acquisitions ever...

GDC7 5y ago
A bigger fool in terms of acquisition cost can be great at execution. The 2 are not mutually exclusive. Ebay was a bigger fool as it overpayed for PayPal but their execution was brilliant in making PayPal a platform that is actually used by people, and not just vaporware future hope and dreams, like each and every Musk company.
- rkk3 5y ago
  Are Google & FB also "fools" for buying Youtube & Instagram or are they outside your fanboy distortion field?
  - GDC7 5y ago
    Google overpaid for Youtube, for sure. Facebook could have negotiated harder for Instagram but 600M or 1B doesn't make a huge difference for a giant like them. Facebook also paid 20B for Whatsapp which is nuts. The thing with Musk is that it's his modus operandi, meaning divorcing his net worth from the real and tangible impact of the company he is at the helm of. He has done it again and again, when he perceives that he has a bigger fool ready he offloads the overpriced equity and bails. He'd do it again , only problem Tesla is so big in terms of market cap that the bigger fool at this point can only be the Federal Government. Some people in here excuse him because it's exactly what they want to do too. Creating a startup, hype it up and sell it to a Forbes500 company who'd overpay for it and would then kill it off
    - tqkxzugoaupvwqr 5y ago
      > only problem Tesla is so big in terms of market cap that the bigger fool at this point can only be the Federal Government He could easily sell his Tesla shares to the public but hasn’t. He could take SpaceX public and make another dozens of billions. He hasn’t done it. I don’t see the pump and dump you are attributing to him.