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If you ever ask the question "Is this a dumb move or 4D chess?" the answer is literally always "dumb move".

by tootie 3y ago

bamfly 3y ago
I heard some pal of his (owner of the big MMA league or something? IDK, some other Saudi-loving guy I gather, I don't know much about combat sports) interviewed on NPR a couple weeks ago and he was still saying Musk is a business genius (but he also had some weird "once someone's in the circle, they're in the circle, and Musk's in the circle" thing going on, like from goddamn Meet the Parents—dude was a living caricature, the interview was fawning but the guy was just an absurd human being). Look, everyone makes mistakes, but the whole Twitter thing, from the beginning, has been the equivalent of hiring a fry cook and then he sticks his fucking hand in the fryer, on purpose, on day 1. Then he sticks the other hand in. You wouldn't say that dude's a genius chef—or, if he ever was, he's either gone nuts or is on way too many drugs to trust with anything. Or both.
- spaceman_2020 3y ago
  Eh, Musk will 100% make money on Twitter. All of these moves aren’t meant for you. They’re meant for the stock market, which has lived in an alternate reality for the last few years. Musk is cramming the social media app with all of those useless buzzwords that Wall Street loves. When he IPOs it, you can bet it will have AI, Finance, and depending on its standing then, Crypto in the prospectus. It will be hot trash but the markets will lap it up as they always do. You are literally not the audience for these shenanigans.
  - tootie 3y ago
    His purchase of Twitter was explicitly to take it private. He would look like a pretty humongous moron to just take it public again. And I seriously doubt Wall St would ever mindless lap up a super app with no users. It makes no sense. It's a ten-year old, mature company that was already public-traded. He can't just take it private, make it a whole new company, rebuild the user base from scratch then expect it to be worth more than he paid. He should have just bootstrapped a new company from zero if that was the intent.
    - spaceman_2020 3y ago
      Wall Street will pump random shitty companies when they add the current buzzword to their press release [0]. Of course they’ll lap up whatever trash their favorite pied piper decides to take public. As for looking like a fool, I think we can all agree that Musk is past that. 0: https://www.cnbc.com/2017/12/21/long-island-iced-tea-micro-cap-adds-blockchain-to-name-and-stock-soars.html https://www.cnbc.com/2017/12/21/long-island-iced-tea-micro-c...
      - tootie 3y ago
        https://www.sec.gov/news/press-release/2021-121 https://www.sec.gov/news/press-release/2021-121
zpeti 3y ago
Said everyone about spacex and Tesla too. That doesn’t mean this twitter thing is going to succeed, but your always “dumb move” comment is not very well founded based on musks history. The entire tone of voice of this thread is exactly what people said about Tesla 5 years ago and why so many were shorting it. Turns out - that was a bad move.
- lostlogin 3y ago
  Let’s see, 5 years from now maybe you can Xeet us about how right you are.
- rat87 3y ago
  Tesla stock is still vastly overvalued. That's not to say it's worthless but I see it going below other car companies as they start converting over to EVs. But EVs and private space flight are useful things with demand and large government subsidies. There's little demand to whatever he wants to do with Twitter

If you ever ask the question "Is this a dumb move or 4D chess?" the answer is literally always "dumb move".

by tootie 3y ago

If you ever ask the question "Is this a dumb move or 4D chess?" the answer is literally always "dumb move".

I heard some pal of his (owner of the big MMA league or something? IDK, some other Saudi-loving guy I gather, I don't know much about combat sports) interviewed on NPR a couple weeks ago and he was still saying Musk is a business genius (but he also had some weird "once someone's in the circle, they're in the circle, and Musk's in the circle" thing going on, like from goddamn Meet the Parents—dude was a living caricature, the interview was fawning but the guy was just an absurd human being). Look, everyone makes mistakes, but the whole Twitter thing, from the beginning, has been the equivalent of hiring a fry cook and then he sticks his fucking hand in the fryer, on purpose, on day 1. Then he sticks the other hand in. You wouldn't say that dude's a genius chef—or, if he ever was, he's either gone nuts or is on way too many drugs to trust with anything. Or both.

spaceman_2020 3y ago
Eh, Musk will 100% make money on Twitter. All of these moves aren’t meant for you. They’re meant for the stock market, which has lived in an alternate reality for the last few years. Musk is cramming the social media app with all of those useless buzzwords that Wall Street loves. When he IPOs it, you can bet it will have AI, Finance, and depending on its standing then, Crypto in the prospectus. It will be hot trash but the markets will lap it up as they always do. You are literally not the audience for these shenanigans.
- tootie 3y ago
  His purchase of Twitter was explicitly to take it private. He would look like a pretty humongous moron to just take it public again. And I seriously doubt Wall St would ever mindless lap up a super app with no users. It makes no sense. It's a ten-year old, mature company that was already public-traded. He can't just take it private, make it a whole new company, rebuild the user base from scratch then expect it to be worth more than he paid. He should have just bootstrapped a new company from zero if that was the intent.
  - spaceman_2020 3y ago
    Wall Street will pump random shitty companies when they add the current buzzword to their press release [0]. Of course they’ll lap up whatever trash their favorite pied piper decides to take public. As for looking like a fool, I think we can all agree that Musk is past that. 0: https://www.cnbc.com/2017/12/21/long-island-iced-tea-micro-cap-adds-blockchain-to-name-and-stock-soars.html https://www.cnbc.com/2017/12/21/long-island-iced-tea-micro-c...
    - tootie 3y ago
      https://www.sec.gov/news/press-release/2021-121 https://www.sec.gov/news/press-release/2021-121

zpeti 3y ago

Said everyone about spacex and Tesla too. That doesn’t mean this twitter thing is going to succeed, but your always “dumb move” comment is not very well founded based on musks history. The entire tone of voice of this thread is exactly what people said about Tesla 5 years ago and why so many were shorting it. Turns out - that was a bad move.

lostlogin 3y ago
Let’s see, 5 years from now maybe you can Xeet us about how right you are.
rat87 3y ago
Tesla stock is still vastly overvalued. That's not to say it's worthless but I see it going below other car companies as they start converting over to EVs. But EVs and private space flight are useful things with demand and large government subsidies. There's little demand to whatever he wants to do with Twitter