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> For what I can tell, Elon bought Twitter to take it off the stock market, fix it as a private company, creating growth and profitability, and then list it lat

> For what I can tell, Elon bought Twitter to take it off the stock market, fix it as a private company, creating growth and profitability, and then list it later to make his money back. A reminder that Elon had to be sued into buying this company.

mgiannopoulos 3y ago
He tried to back away when the stock markets fell making financing more difficult/expensive. He wanted a better price. He still wanted to buy it.
- henry2023 3y ago
  What makes you think this? IMO he really wanted to not buy them but was forced to do it.
- mrguyorama 3y ago
  If he wanted a better price he shouldn't have started purchasing talks by posting a ludicrous price on twitter before talking to anyone. In the normal world, this is called being really stupid and bad at business
praptak 3y ago
So he wanted it to take it off the stock market, fix it, yada yada but then realized this is a bad idea?
- hacoo 3y ago
  He made the offer impulsively without due diligence, then got cold feet when the market dropped. Real genius business moves
- quandrum 3y ago
  Evidence points to him wanting to use the potential of buying Twitter as a cover for selling a few billion in Tesla stock without impacting it's value.
- red-iron-pine 3y ago
  TSLA was crazy overvalued, does no one remember that? The reason the ARK funds and Cathie Woods is famous is basically cuz she bet the farm on TSLA. The stock was absurd -- cars with QA issues and lots of recalls outperforming stocks like Ford or Toyota, companies with decades of making reliable vehicles. Everyone knew it was overvalued by a long shot, and if Musk sold it would crater. So create a headline grabbing buy that would justify shedding tons of shares, then back out and keep the $$$. When TSLA later has a correction he can just ignore it -- got his money already -- and launch some buybacks on the cheap. Except he couldn't back out.

mgiannopoulos 3y ago

He tried to back away when the stock markets fell making financing more difficult/expensive. He wanted a better price. He still wanted to buy it.

henry2023 3y ago
What makes you think this? IMO he really wanted to not buy them but was forced to do it.
mrguyorama 3y ago
If he wanted a better price he shouldn't have started purchasing talks by posting a ludicrous price on twitter before talking to anyone. In the normal world, this is called being really stupid and bad at business

praptak 3y ago

So he wanted it to take it off the stock market, fix it, yada yada but then realized this is a bad idea?

hacoo 3y ago
He made the offer impulsively without due diligence, then got cold feet when the market dropped. Real genius business moves
quandrum 3y ago
Evidence points to him wanting to use the potential of buying Twitter as a cover for selling a few billion in Tesla stock without impacting it's value.
red-iron-pine 3y ago
TSLA was crazy overvalued, does no one remember that? The reason the ARK funds and Cathie Woods is famous is basically cuz she bet the farm on TSLA. The stock was absurd -- cars with QA issues and lots of recalls outperforming stocks like Ford or Toyota, companies with decades of making reliable vehicles. Everyone knew it was overvalued by a long shot, and if Musk sold it would crater. So create a headline grabbing buy that would justify shedding tons of shares, then back out and keep the $$$. When TSLA later has a correction he can just ignore it -- got his money already -- and launch some buybacks on the cheap. Except he couldn't back out.