3 ms·

Does Elon own twitter now or doesn't he? I lost what was happening there.

wahnfrieden 4y ago
wip
zimpenfish 4y ago
I believe "not yet although he appears to be trying to get out of it but he has no wiggle room thus will probably own it at some near future point" going off the "Money Stuff" columns by Matt Levine (which Bloomberg provide no easy way to link to, obviously.)
- hansword 4y ago
  I don't know which column you specifically refer to, but https://newsletterhunt.com/newsletters/money-stuff-by-matt-levine https://newsletterhunt.com/newsletters/money-stuff-by-matt-l... gives you not just the list, but also the full text.
  - zimpenfish 4y ago
    Oh, that's a handy thing to know, ta.
- mcintyre1994 4y ago
  I think Money Stuff is his full-time thing because it's the entirety of his author page on Bloomberg: https://www.bloomberg.com/opinion/authors/ARbTQlRLRjE/matthew-s-levine https://www.bloomberg.com/opinion/authors/ARbTQlRLRjE/matthe...
- zimpenfish 4y ago
  Yep, he's definitely trying to dump it now - https://www.sec.gov/Archives/edgar/data/1418091/000110465922078413/tm2220599d1_ex99-p.htm https://www.sec.gov/Archives/edgar/data/1418091/000110465922...
mikebonnell 4y ago
No, his purchase hasn't been finalized yet.
unicornmama 4y ago
We are on the brink of a major global economic turndown [many still in denial]. Q2/Q3 results will be telling. How does one make money selling advertising in a global downturn? Earnings will be crushed. Twitter is taking measures to cut fat and protect its stock price. I expect rest of FANG will eventually follow.
- grepfru_it 4y ago
  >rest of FANG will follow It’s already happening.
- hnaccount_rng 4y ago
  > How does one make money selling advertising in a global downturn? By not selling advertising but hardware. So at least the two AA of the FAANG are safe(ish), Netflix shouldn't have been in there anyways. And well FG are fine to take a hit :shrug:
  - iszomer 4y ago
    The return of the Peek Messenger?
  - ChuckNorris89 4y ago
    >By not selling advertising but hardware. So at least the two AA of the FAANG are safe(ish) I doubt it. In a recession people will buy less products and subscriptions form Amazon, and less VC money means less startups, means less AWS customers. Also, people will upgrade their Apple iShiny less often, holding on to their existing devices which work well due to Apple's great SW support, and will buy less stuff from the App Store. They're safe in the sense they won't tumble, but I expect them to trim the fat by firing their lowest performers and turn the heat on existing workers. I could also be wrong though, I'm no financial analyst.
brunojppb 4y ago
I guess due to the hiring freeze they had recently, it might be hard to justify keeping a big hiring team around.
jsemrau 4y ago
So what's the status of the Musk/Twitter deal? 3 key developments to note. Twitter, has laid off 30% of its talent acquisition team, per WSJ. https://lnkd.in/d38rGUvX https://lnkd.in/d38rGUvX Elon Musk’s deal to buy Twitter, is in peril, per Washington Post. It states talks with investors have cooled down. https://lnkd.in/dg7d_Vsr https://lnkd.in/dg7d_Vsr Twitter, has reaffirmed that spam accounts represent less than 5% of daily users based on closely held user https://lnkd.in/dy37nMsu https://lnkd.in/dy37nMsu
andsoitis 4y ago
No, he is still trying to get out of the purchase agreement he has signed.

wip

I believe "not yet although he appears to be trying to get out of it but he has no wiggle room thus will probably own it at some near future point" going off the "Money Stuff" columns by Matt Levine (which Bloomberg provide no easy way to link to, obviously.)

hansword 4y ago
I don't know which column you specifically refer to, but https://newsletterhunt.com/newsletters/money-stuff-by-matt-levine https://newsletterhunt.com/newsletters/money-stuff-by-matt-l... gives you not just the list, but also the full text.
- zimpenfish 4y ago
  Oh, that's a handy thing to know, ta.
mcintyre1994 4y ago
I think Money Stuff is his full-time thing because it's the entirety of his author page on Bloomberg: https://www.bloomberg.com/opinion/authors/ARbTQlRLRjE/matthew-s-levine https://www.bloomberg.com/opinion/authors/ARbTQlRLRjE/matthe...
zimpenfish 4y ago
Yep, he's definitely trying to dump it now - https://www.sec.gov/Archives/edgar/data/1418091/000110465922078413/tm2220599d1_ex99-p.htm https://www.sec.gov/Archives/edgar/data/1418091/000110465922...

mikebonnell 4y ago

No, his purchase hasn't been finalized yet.

unicornmama 4y ago

We are on the brink of a major global economic turndown [many still in denial]. Q2/Q3 results will be telling. How does one make money selling advertising in a global downturn? Earnings will be crushed. Twitter is taking measures to cut fat and protect its stock price. I expect rest of FANG will eventually follow.

grepfru_it 4y ago
>rest of FANG will follow It’s already happening.
hnaccount_rng 4y ago
> How does one make money selling advertising in a global downturn? By not selling advertising but hardware. So at least the two AA of the FAANG are safe(ish), Netflix shouldn't have been in there anyways. And well FG are fine to take a hit :shrug:
- iszomer 4y ago
  The return of the Peek Messenger?
- ChuckNorris89 4y ago
  >By not selling advertising but hardware. So at least the two AA of the FAANG are safe(ish) I doubt it. In a recession people will buy less products and subscriptions form Amazon, and less VC money means less startups, means less AWS customers. Also, people will upgrade their Apple iShiny less often, holding on to their existing devices which work well due to Apple's great SW support, and will buy less stuff from the App Store. They're safe in the sense they won't tumble, but I expect them to trim the fat by firing their lowest performers and turn the heat on existing workers. I could also be wrong though, I'm no financial analyst.

brunojppb 4y ago

I guess due to the hiring freeze they had recently, it might be hard to justify keeping a big hiring team around.

jsemrau 4y ago

So what's the status of the Musk/Twitter deal? 3 key developments to note. Twitter, has laid off 30% of its talent acquisition team, per WSJ. https://lnkd.in/d38rGUvX https://lnkd.in/d38rGUvX Elon Musk’s deal to buy Twitter, is in peril, per Washington Post. It states talks with investors have cooled down. https://lnkd.in/dg7d_Vsr https://lnkd.in/dg7d_Vsr Twitter, has reaffirmed that spam accounts represent less than 5% of daily users based on closely held user https://lnkd.in/dy37nMsu https://lnkd.in/dy37nMsu

andsoitis 4y ago

No, he is still trying to get out of the purchase agreement he has signed.