4 ms·

I don't get it. Was this deal some kind of drunken bar bet? I said before that Musk wouldn't buy Twitter. Having glanced at the finance documents, he seemed to

I don't get it. Was this deal some kind of drunken bar bet? I said before that Musk wouldn't buy Twitter. Having glanced at the finance documents, he seemed to have financed a long-term investment with a lot of short-term loans (I'm thinking especially of the bridging loan and using Tesla shares as margin). Terrible idea! Then there's the matter of the $1b "exit fee". And even if he wrangles out of that, I'm sure his financiers would have charged a pretty penny just to put the finances in place. I can only assume that Twitter agreed to being acquired knowing full well that Musk will walk away with egg on his face.

Ekaros 4y ago
Also they might have considered that fighting it was more trouble than letting him make an offer accepting it and then having it fall through... Either way at price level they would have won.
encryptluks2 4y ago
> I said before that Musk wouldn't buy Twitter Saying that then was the most logical, but even here it would get attacked and downvoted.. two weeks ago. I am starting to think the bot fascination is more projection by Muskyrat like the pedo comments he made before.
crmd 4y ago
Elon seems like a genuinely interesting person, and like many very successful people, I think he exhibits some clear manic depressive and ADHD traits. Just looking at his Twitter feed, he was absolutely on fire in the week after the deal was announced; I can only imagine the rush he was feeling from such a large purchase. Now that the rush is subsiding it would make sense that he’s paying more attention to his negative feelings around the financial risk and future workload he created for himself with the purchase.
- lapcat 4y ago
  > like many very successful people, I think he exhibits some clear manic depressive and ADHD traits Do you have any evidence to back this? There are people both successful and unsuccessful who have these conditions, but I've never got the impression that they're a common trait of successful people.

Ekaros 4y ago

Also they might have considered that fighting it was more trouble than letting him make an offer accepting it and then having it fall through... Either way at price level they would have won.

encryptluks2 4y ago

> I said before that Musk wouldn't buy Twitter Saying that then was the most logical, but even here it would get attacked and downvoted.. two weeks ago. I am starting to think the bot fascination is more projection by Muskyrat like the pedo comments he made before.

crmd 4y ago

Elon seems like a genuinely interesting person, and like many very successful people, I think he exhibits some clear manic depressive and ADHD traits. Just looking at his Twitter feed, he was absolutely on fire in the week after the deal was announced; I can only imagine the rush he was feeling from such a large purchase. Now that the rush is subsiding it would make sense that he’s paying more attention to his negative feelings around the financial risk and future workload he created for himself with the purchase.

lapcat 4y ago
> like many very successful people, I think he exhibits some clear manic depressive and ADHD traits Do you have any evidence to back this? There are people both successful and unsuccessful who have these conditions, but I've never got the impression that they're a common trait of successful people.