3 ms·

I am curious if his inability to raise money for the acquisition is a strong signal of the sliding value of social media. Facebook and Twitter seem to be on a s

by kodah 4y ago

I am curious if his inability to raise money for the acquisition is a strong signal of the sliding value of social media. Facebook and Twitter seem to be on a streak of trying to pivot, Reddit is in private equity. Musk is fairly well-connected, so if he's unable to get other rich people to invest, their speculative value (at the height of their value) may be vanishing.

dragontamer 4y ago
The value of internet forums and discussions is roughly the value of the advertisements hosted on those platforms. The value of ads drops during a recession, and things are looking more-and-more bearish this year.
jollybean 4y ago
It's a signal of a) market situation b) faith in musk c) valuation of the deal d) other terms. It's completely nuts for 'one guy' to spend $40B on something, too much possibility for self delusion. Musk should have had Private Equity lined up before the offer as part of a consortium. They would have called out his bullshit. It's really, really telling that he did not. Imagine Musk having to sit a table with 'mere bankers' telling him he doesn't know what he is talking about. It's easy to be full of bluster when you're sitting on top of zillions in inflated valuation.
- sangnoir 4y ago
  > They would have called out his bullshit. Had you posted under any other topic relating to Musk before today, you would have had replies here claiming "Musk is highly intelligent and helped create at least 3, multi-billion dollar companies, with 2 more in the pipeline (neuralink and boring). How dare you question his genius". Since there aren't, I'm using this comment as a reminder against confirmation bias.
  - jollybean 4y ago
    He is all of those things. But he's also full of shit. Those two thing can be true at the same time. I follow many VC Twitter accounts and it seems to me, even the 'nice' ones are giant turds when it comes to any kind of social or communitarian understanding of the world. But they understand startups very well. It's common among successful people, I think, to be really great in their core competency, to have fairly astute understanding of other things and yet be completely glib at the same time, and lack the self awareness to recognize it, supported by the fact that 'nobody challenges them' on anything.
threeseed 4y ago
> strong signal of the sliding value of social media It's not sensible to make ANY assertions with the market as it is today.

by kodah 4y ago

dragontamer 4y ago

The value of internet forums and discussions is roughly the value of the advertisements hosted on those platforms. The value of ads drops during a recession, and things are looking more-and-more bearish this year.

jollybean 4y ago

It's a signal of a) market situation b) faith in musk c) valuation of the deal d) other terms. It's completely nuts for 'one guy' to spend $40B on something, too much possibility for self delusion. Musk should have had Private Equity lined up before the offer as part of a consortium. They would have called out his bullshit. It's really, really telling that he did not. Imagine Musk having to sit a table with 'mere bankers' telling him he doesn't know what he is talking about. It's easy to be full of bluster when you're sitting on top of zillions in inflated valuation.

sangnoir 4y ago
> They would have called out his bullshit. Had you posted under any other topic relating to Musk before today, you would have had replies here claiming "Musk is highly intelligent and helped create at least 3, multi-billion dollar companies, with 2 more in the pipeline (neuralink and boring). How dare you question his genius". Since there aren't, I'm using this comment as a reminder against confirmation bias.
- jollybean 4y ago
  He is all of those things. But he's also full of shit. Those two thing can be true at the same time. I follow many VC Twitter accounts and it seems to me, even the 'nice' ones are giant turds when it comes to any kind of social or communitarian understanding of the world. But they understand startups very well. It's common among successful people, I think, to be really great in their core competency, to have fairly astute understanding of other things and yet be completely glib at the same time, and lack the self awareness to recognize it, supported by the fact that 'nobody challenges them' on anything.

threeseed 4y ago

> strong signal of the sliding value of social media It's not sensible to make ANY assertions with the market as it is today.