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He bought Twitter for $40B. His Tesla stock was 0% ytd until the election. Post election it is up roughly 70% ytd & has paid for Twitter & the Mars colony mul

He bought Twitter for $40B. His Tesla stock was 0% ytd until the election. Post election it is up roughly 70% ytd & has paid for Twitter & the Mars colony multiple times. Hard to say if that happens without him owning Twitter.

kingofheroes 2y ago
This. In hindsight, buying Twitter at a loss was well worth the long (though, more like medium) term results. As much as it disgusts me, I'm impressed.
- conception 2y ago
  Note he didn’t just buy Twitter. He was forced to buy twitter after trying to pump and dump the stock.
  - chrisco255 2y ago
    That's a mischaracterization. He tried to get out of the deal because the stock market overall had crashed significantly between 2021 and 2022 and Twitter was no longer worth $40B.
mhh__ 2y ago
Honestly not convinced it was about that. I'm sure he likes the stock going up but I think he is somewhat earnest about why he bought twitter, or at least what he wants to do with it when he got stuck with it. As per usual, he bet the house and won. The vibes are shifting, Trump won, etc
TheGRS 2y ago
Are we really giving Twitter that much credit these days? I feel like we gave it less credit when it was actually popular. I would give Elon jumping around on stage more credit than what Twitter/X did for this election.
- SV_BubbleTime 2y ago
  [flagged]
  - thefaux 2y ago
    In no way do the election results justify that claim.
  - jrflowers 2y ago
    > I know it is hard to imagine, but 1/2 the United States voters see it as the last free speech area of the internet It is very easy to imagine that. I can also imagine shuffling a bunch of cold cuts and slices of bread and making a sandwich like on Scooby Doo but that also has no reflection of reality
Arkhaine_kupo 2y ago
> Hard to say if that happens without him owning Twitter. Its fairly easy. In almost every western country the incumbent administration has been punished by voters due to inflation, this has been the case in the uk, germany, romania, france, mexico... list goes on. So Trump could have won without Elon buying twitter. Similarly he could have donated to Trump without buying Twitter, and been on stage and been all day on twitter saying nonsense without purchasing. So being close to Trump is possible without buying Twitter. The market would have reacted the same way, because the market is reacting to the fact that Trump is a corrupt leader and being close to him means the market will be skewed to benefit his cronies (in this case Elon). If im not wrong Trump has already mentioned creating "self driving car initiatives" that probably means boosting Tesla dangerous self driving mode, and also they have alluded to investigating rival companies to tesla and spacex or at least "reviewing their goverment contracts". Other industries without social media owners, like private prisions, also skyrocketed after trump won and those paid trump as much as Elon but were not on social media. The market would have reacted to Trump being corrupt regardless of Elon buying Twitter. So its easy to say that his stock would be up 70% without buying twitter, as long as he kept the 250 million investment in the Trump campaign, and then market assesed Trump admin as affecting market fairness, both of which would happen without his purchase.
- chrisco255 2y ago
  Twitter famously deplatformed Trump, as a sitting president. They were a captured institution and it was shown that corrupt intelligence agencies were directly influencing Twitter's censorship. There was no other distribution channel available. Messaging is important. Counter narratives are important.
  - monetus 2y ago
    > shown that corrupt intelligence agencies were directly influencing Twitter's censorship That is a hyperbolic way of saying the fbi used the report feature everyone has access to when worried about domestic terrorism along the lines of the Oklahoma City bombing. Not exactly government censorship - not a potato potahto thing.

kingofheroes 2y ago

This. In hindsight, buying Twitter at a loss was well worth the long (though, more like medium) term results. As much as it disgusts me, I'm impressed.

conception 2y ago
Note he didn’t just buy Twitter. He was forced to buy twitter after trying to pump and dump the stock.
- chrisco255 2y ago
  That's a mischaracterization. He tried to get out of the deal because the stock market overall had crashed significantly between 2021 and 2022 and Twitter was no longer worth $40B.

mhh__ 2y ago

Honestly not convinced it was about that. I'm sure he likes the stock going up but I think he is somewhat earnest about why he bought twitter, or at least what he wants to do with it when he got stuck with it. As per usual, he bet the house and won. The vibes are shifting, Trump won, etc

TheGRS 2y ago

Are we really giving Twitter that much credit these days? I feel like we gave it less credit when it was actually popular. I would give Elon jumping around on stage more credit than what Twitter/X did for this election.

SV_BubbleTime 2y ago
[flagged]
- thefaux 2y ago
  In no way do the election results justify that claim.
- jrflowers 2y ago
  > I know it is hard to imagine, but 1/2 the United States voters see it as the last free speech area of the internet It is very easy to imagine that. I can also imagine shuffling a bunch of cold cuts and slices of bread and making a sandwich like on Scooby Doo but that also has no reflection of reality

Arkhaine_kupo 2y ago

> Hard to say if that happens without him owning Twitter. Its fairly easy. In almost every western country the incumbent administration has been punished by voters due to inflation, this has been the case in the uk, germany, romania, france, mexico... list goes on. So Trump could have won without Elon buying twitter. Similarly he could have donated to Trump without buying Twitter, and been on stage and been all day on twitter saying nonsense without purchasing. So being close to Trump is possible without buying Twitter. The market would have reacted the same way, because the market is reacting to the fact that Trump is a corrupt leader and being close to him means the market will be skewed to benefit his cronies (in this case Elon). If im not wrong Trump has already mentioned creating "self driving car initiatives" that probably means boosting Tesla dangerous self driving mode, and also they have alluded to investigating rival companies to tesla and spacex or at least "reviewing their goverment contracts". Other industries without social media owners, like private prisions, also skyrocketed after trump won and those paid trump as much as Elon but were not on social media. The market would have reacted to Trump being corrupt regardless of Elon buying Twitter. So its easy to say that his stock would be up 70% without buying twitter, as long as he kept the 250 million investment in the Trump campaign, and then market assesed Trump admin as affecting market fairness, both of which would happen without his purchase.

chrisco255 2y ago
Twitter famously deplatformed Trump, as a sitting president. They were a captured institution and it was shown that corrupt intelligence agencies were directly influencing Twitter's censorship. There was no other distribution channel available. Messaging is important. Counter narratives are important.
- monetus 2y ago
  > shown that corrupt intelligence agencies were directly influencing Twitter's censorship That is a hyperbolic way of saying the fbi used the report feature everyone has access to when worried about domestic terrorism along the lines of the Oklahoma City bombing. Not exactly government censorship - not a potato potahto thing.