4 ms·

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

by 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

by bamfly 3y ago

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