FinneysTrueVision
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October 20, 2023, 05:52:16 AM |
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Right now Twitter is struggling and losing users because of Musk's poor choices. Implanting chips in people's brains is just a really dumb idea. I have a feeling the government will eventually shut that down. SpaceX and Starlink are some of his better ideas but there is enough competition that it might be difficult to make those companies profitable. As long as there is an endless supply of fiat then there will be people willing to invest in in his ideas no matter how ridiculous they might seem, but I wonder how many self-inflicted wounds he can sustain before he does something that ends up being the straw that breaks the camel's back.
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Kakmakr
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October 20, 2023, 06:20:08 AM |
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Elon Musk is a self-made Billionaire ....that came from nothing or rather from a middle class home and he went to the top. He did this through hard work, not from money that he got from his rich parents or some rich uncle. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Twitter is just one of his successful businesses, he still has businesses like SpaceX and Tesla and the PowerWall and Starlink and several investments in other businesses. We know his decision to buy Twitter was controversial and I think he was pushed into a corner to buy it, so now he is doing everything to re-brand it and to re-build it into something that might be much better. (This is taking a lot of money and time will tell if X will turn into Zero)
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Antotena
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October 20, 2023, 06:29:15 AM |
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There's a lot of talk that Elon Musk taking on huge loans to buy Twitter could backfire massively on him as Twitter keeps losing value. Essentially what Elon Musk did was to use up most of his assets in terms of stock like Tesla and SpaceX to try and secure assets for his twitter loan. He's now so tied up in this Twitter debt, that if something goes wrong it could trigger a domino of effects. What are your thoughts on this? Is Musk about to lose it all?
You really think that Elon Musk that has built name and resources over the years will stop at this point to lose stake in Tesla and also lose Twitter CEO, I don't think so. The last time I check, many companies were begging that time to combine support for Elon to buy X but they have to turned down many because people knows how important the micro blogging platform will be in years to come. Twitter is also paying contents creators on number of views and interaction users make on their comments biweekly, this is from the money they make from ads revenue and you think they will go broke without plans to pay back the loans. They also make money monthly from verified users monthly and yearly and you think they will not survive this, Elon musk will not let Twitter investment slide.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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naira
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October 20, 2023, 06:42:58 AM |
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Elon Musk does not use money from his pocket, he has a lot of income and easily takes loans from banks to run businesses. So if you have to say that he will be ruined and poor, it might be quite difficult to say. After all, he is a businessman whose track record in the investment world has many ways to make money. Never mind losing 50% of his wealth, Elon Musk still won't experience losses from his personal pocket. His way of doing business is quite effective, therefore placing Elon Musk as one of the richest people also shows that his finances are hard to run out of.
BTW, what impact will this have on the world economy? I didn't see that
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Husires
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October 20, 2023, 09:38:20 AM |
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There is nothing to fear or worry about, it is the stock market. If conditions worsen, companies change the CEO and many things to return to profitability, but I think that Elon Musk is the owner of the Twitter platform and not the CEO. He is one of the influential people in Tesla and SpaceX, and the future of these companies is still promising, as the Internet Vacuum and electric cars have a future and Twitter is heading to be better than the past with many new features and features. Elon Musk is a controversial figure and he will not stop causing controversy, do not occupy your mind thinking about him.
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lovesmayfamilis
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October 20, 2023, 09:59:35 AM |
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I have been seeing this question on the Internet for a very long time. People are playing a lottery called “the time of Elon Musk’s fall.” Take a look through the news feeds of the last five years, and every time he is predicted to collapse, However, he is not a stupid person, and I am sure that he knows perfectly well what to do and when to do it, and all the intrigues and gossip going on the Internet are only beneficial for his PR.
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Majestic-milf
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October 20, 2023, 10:11:19 AM |
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There could be a possibility to that happening because I read somewhere of him trying to charge unverified accounts $1. Maybe he's desperate to get funds so bad that he's not concerned that users that aren't verified could live the space which will cause a fall in user traffic. I'd argue that he's a businessman who thinks ahead and will foresee such an incidence and have plans of reviving it if ever such a thing like a fall should occur but then again we have see Twitter has been on a balance ever since he assumed office. Probably, on the outside it might look like he's got things covered, but who knows, it could be like a similar incidence FTX was trying to portray to the public; a thriving social space when on the inside it may be falling like a pack of cards. I will not say I'd be happy if Twitter (X) crashes but it will be something that will not surprise many if it happens.
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Taskford
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October 20, 2023, 10:17:46 AM |
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There's a lot of talk that Elon Musk taking on huge loans to buy Twitter could backfire massively on him as Twitter keeps losing value. Essentially what Elon Musk did was to use up most of his assets in terms of stock like Tesla and SpaceX to try and secure assets for his twitter loan. He's now so tied up in this Twitter debt, that if something goes wrong it could trigger a domino of effects. So he essentially already pledged tons of money to secure loans to buy Twitter, but his executive decisions lead to massive drops in value. Late last year he posted a lot of Tesla shares to avoid a margin call from banks that had loaned him to buy Twitter but this could potentially mean that if Tesla shares fall in price also, Musk could be losing his empire... Eventually, and potentially if things go wrong, losing his position as CEO in both Twitter as well as Tesla. What are your thoughts on this? Is Musk about to lose it all? No it cannot those loans cannot affect his wealth if you mean that he will going to get bankrupt by doing that just to acquire twitter. Remember that we have this called good loan and he acquire that asset by the help of other peoples money so once he get the profit from twitter which is no X for sure the wealth of Elon will bloat up for more. X is not a small website and can be called as institution so acquiring it is good move mad by him knowing how large its user base and he can take advantage with it to earn a lot of money. Maybe for now we cannot see some good result for acquiring it since it maybe take some years so he can recover back the money he's spend for buying twitter but once he cover up all this for sure the same with previous owner he can make this site a running cash cow especially that to many companies and famous guys are there willing to pay some fees just to use the service what they can provide to their company. Elon is smart investor and he will not take a risk if he know twitter/X is bad investment for him.
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Patrol69
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October 20, 2023, 10:21:22 AM |
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Elon Musk surprised everyone by purchasing the Twitter platform. Everyone is talking so much about his purchase of Twitter platform because he bought this social media platform for a huge amount of money which is really amazing. Many have asked the reason behind his purchase of Twitter platform that he has invested so much money in Twitter platform or whether he can withdraw this amount of money from Twitter platform. After purchasing the social media Twitter platform, he has brought many changes in Twitter, added many innovations and changed many rules, but he may not have been able to implement the plan in which he bought Twitter. The money loan he took from the bank to buy Twitter may have to be met from his business company Tesla or Space Sex because he has not yet succeeded in buying Twitter.
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bakasabo
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October 20, 2023, 10:25:15 AM |
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There were many investors, who invested money in that Twitter purchase. Elon Musk's money were not the only that were involved in that deal. Dont forget that he has bough Twitter not on his last money. Even if that purchases was a failure, he a) still has a lot of money b) he can still resell Twitter. One bad purchase wont sing his empire. Moreover, he is one of the best businessman and influencer, he will find the way out.
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alani123 (OP)
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October 20, 2023, 10:27:13 AM |
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There's a lot of talk that Elon Musk taking on huge loans to buy Twitter could backfire massively on him as Twitter keeps losing value. Essentially what Elon Musk did was to use up most of his assets in terms of stock like Tesla and SpaceX to try and secure assets for his twitter loan. He's now so tied up in this Twitter debt, that if something goes wrong it could trigger a domino of effects. What are your thoughts on this? Is Musk about to lose it all?
You really think that Elon Musk that has built name and resources over the years will stop at this point to lose stake in Tesla and also lose Twitter CEO, I don't think so. The last time I check, many companies were begging that time to combine support for Elon to buy X but they have to turned down many because people knows how important the micro blogging platform will be in years to come. Twitter is also paying contents creators on number of views and interaction users make on their comments biweekly, this is from the money they make from ads revenue and you think they will go broke without plans to pay back the loans. They also make money monthly from verified users monthly and yearly and you think they will not survive this, Elon musk will not let Twitter investment slide. So you really think that Musk could not go bankrupt just due to the virtue of being rich by owning assets? See, the thing with Twitter is that while it may still be functional, it has lost a lot of its revenue and therefore the stocks musk posts as collateral are also in danger of being margin called. It's natural for stock prices to fluctuate anyway, but the issue with teitter is that it might be losing too much value... Honestly, anyone could go bankrupt. We have seen this numerous times. Musk could very well become a textbook example too.
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Antotena
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October 20, 2023, 11:01:48 AM |
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There's a lot of talk that Elon Musk taking on huge loans to buy Twitter could backfire massively on him as Twitter keeps losing value. Essentially what Elon Musk did was to use up most of his assets in terms of stock like Tesla and SpaceX to try and secure assets for his twitter loan. He's now so tied up in this Twitter debt, that if something goes wrong it could trigger a domino of effects. What are your thoughts on this? Is Musk about to lose it all?
You really think that Elon Musk that has built name and resources over the years will stop at this point to lose stake in Tesla and also lose Twitter CEO, I don't think so. The last time I check, many companies were begging that time to combine support for Elon to buy X but they have to turned down many because people knows how important the micro blogging platform will be in years to come. Twitter is also paying contents creators on number of views and interaction users make on their comments biweekly, this is from the money they make from ads revenue and you think they will go broke without plans to pay back the loans. They also make money monthly from verified users monthly and yearly and you think they will not survive this, Elon musk will not let Twitter investment slide. So you really think that Musk could not go bankrupt just due to the virtue of being rich by owning assets? See, the thing with Twitter is that while it may still be functional, it has lost a lot of its revenue and therefore the stocks musk posts as collateral are also in danger of being margin called. It's natural for stock prices to fluctuate anyway, but the issue with teitter is that it might be losing too much value... Honestly, anyone could go bankrupt. We have seen this numerous times. Musk could very well become a textbook example too. I'm not saying Elon is too big to go bankrupt but what I'm saying is that you can't have rich friends and then your business that you struggle to built will collapse in a day. People are around that will be ready to finance and support Elon musk. Did you also see where the two countries they have started to charge them $1 a year to be able to use X, it is going to be a global thing by the end of the year, that's another stream of generating yearly revenue for people that use X and when the loan is settled, it is going to be profit upon profit with possible increment of this fees as X becomes more valuable.
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Lucius
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October 21, 2023, 10:35:40 AM |
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It would be nice to see him fall apart and decide to hang himself. But it is not likely as he is in the too big to fail area.
If someone who lives in the US does not care and has such opinion, why would some other people care if his empire will fail or if it will be worth twice as much as it is worth today? Personally, I don't really care what will happen, and the only thing I hold against him is his involvement with Bitcoin and what he did to the market with his actions. After all, even if his empire collapses, someone else will appear to take his place, that's how it always was and that's how it will be in the future. As far as I'm concerned, he can get into a rocket of his own tomorrow together with all his wives and children and head for Mars, considering that they have stated several times that they want to die there.
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Fatunad
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October 21, 2023, 10:55:31 AM |
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There's a lot of talk that Elon Musk taking on huge loans to buy Twitter could backfire massively on him as Twitter keeps losing value. Essentially what Elon Musk did was to use up most of his assets in terms of stock like Tesla and SpaceX to try and secure assets for his twitter loan. He's now so tied up in this Twitter debt, that if something goes wrong it could trigger a domino of effects. So he essentially already pledged tons of money to secure loans to buy Twitter, but his executive decisions lead to massive drops in value. Late last year he posted a lot of Tesla shares to avoid a margin call from banks that had loaned him to buy Twitter but this could potentially mean that if Tesla shares fall in price also, Musk could be losing his empire... Eventually, and potentially if things go wrong, losing his position as CEO in both Twitter as well as Tesla. What are your thoughts on this? Is Musk about to lose it all? He wouldn't really be taking the risks if he couldnt really be able to solve out or expecting those possible problems which he might encountered and of course if ever he do take up some loan then its his choice and its impossible that he wont really be having those back up plans. If he is really just that tending to rely with those stocks and assets he does have just to buy twitter then it would really be that a problem but does it mean that it would really be that he didnt make some back up plans if ever this one fails? For sure he does have and its none of our business on whats the current condition of his loans and the businesses does he have. Why people do really love on trying out to get involved with Musks decisions or on whats happening into his business? If ever it do falls, then whats next? He is the one would suffer and for sure tons would really be laughing but in overall its none of our business i would say it again. Empire? he wont really be that become a billionaire if he hadnt been able to experience such problems back in the past or previous decisions he had made. So dont worry if he had this kind of debt problems but what if things turns out to be positive? For sure he would really be that more richer but in a business then it would really be a matter of success or failure.
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Peanutswar
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October 21, 2023, 11:11:16 AM |
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Elon is already rich enough to buy all the things he wants and seems like he sees potential with the use the Twitter especially with the different projects and other crypto-related stuff, recently there's news that he is asking for at least $1 for a yearly access to use the twitters feature this only for the new users, still can be additional source of income plus the verified badge price too can be used for sustaining of having a good income with the use of X(twitter) for him, he's an entrepreneur surely there's a possible update and plans he will release sooner or later just to get additional profit to the user.
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kryptqnick
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October 21, 2023, 04:12:57 PM |
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Elon Musk is a very rich guy. He can lose a lot and still remain among the richest people in the world. I don't think that taking loans are a huge deal, especially since having debt in the US is considered such a normal thing. But Musk is clearly making some very bad decisions just because he can and because he wants to. Unfortunately, though, it doesn't seem like Twitter is actually losing much of its audience despite essential things being taken away from Twitter by Musk, so for now, I think it'll stay in the game, and so will Musk with his other brands.
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vv181
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October 21, 2023, 06:27:07 PM |
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According to Forbes, his net worth is currently around $225 billion. The Twitter acquisition cost him $44 billion. I'm aware that the way he financed the acquisition is by loaning to a bank secured by his Tesla shares.
With that in mind, Tesla's share market prices do affect how he manages its financial situation, for both himself and Twitter. We need to also be aware that he owns 21% of Tesla which account for 68% of his wealth. The recent Tesla price falls do significantly affect them, but noting his current position, there is still a lot of room for him to repay his own debt, even if he must sacrifice his Tesla share position. So, I believe the chance of his falls is slim.
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jossiel
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October 21, 2023, 09:40:52 PM |
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I don't think so, having a back up with several companies could still help it to get up whenever it's being seen about to fall. But there is no doubt that he's done a lot of bad decisions and call out with this acquisition of Twitter. He's got a plan on it that we don't know, maybe there really is. There's another news[1] again that they'll charge $1 for new users from New Zealand and Philippines. This is gonna prove that users aren't bot because the platform is mostly used for propaganda, trolls and bots. [1] X will start charging new users in two countries $1 per yearWith the rise of many social media platform and competition, this $1 charge for new users seems brilliant but it would impose negative affect in the end. People don't like being charged so people might look for an alternative so this might reduce new registration to the platform. Yeah, there's the negative effect on it because for the majority, we don't want to spend even with that small amount because we're already their product. Many don't understand that but for sure that's like one of the reasons why many don't want to pay it. But those who would like to stay will pay that since it covers a year of membership. X former twitter might suffer the same fate as Friendster but I also do not think that Elon Musk's empire will fall. As stated Elon Musk's asset is way bigger than twitter, so Elon can easily pay it off but obviously as a businessman, Elon want to pay his loan without touching his money thus he solve it by selling some shares of his company which possibly provide him more profit.
That's possible to happen, friendster didn't managed to cope up with the new and current trend during that time. I even used it when it has been back with games but still, they didn't able to get back into competition. And if that happens the same with X, it won't be surprising but as of this moment, I just watch the whole thing on where it is going.
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JeffBrad12
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October 21, 2023, 11:20:00 PM |
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Elon Musk is a very rich guy. He can lose a lot and still remain among the richest people in the world. I don't think that taking loans are a huge deal, especially since having debt in the US is considered such a normal thing. But Musk is clearly making some very bad decisions just because he can and because he wants to. Unfortunately, though, it doesn't seem like Twitter is actually losing much of its audience despite essential things being taken away from Twitter by Musk, so for now, I think it'll stay in the game, and so will Musk with his other brands.
billionaire are rich but many of their assets are usually in form of stocks and so on. I think they will not easily just bankrupt because of debt, someone like elon, definitely think thoroughly in regard of his wealth, when it comes to making decision like buying some big company like twitter, he definitely aren't just spending money without thinking, he also already thought about how to make the money he spends back. i will even argue that he might be already pre planning all these monetizing of twitter as a platform honestly, since he stated twitter has so much potential but wasted.
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The Sceptical Chymist
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October 21, 2023, 11:21:19 PM |
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What are your thoughts on this? Is Musk about to lose it all?
My thoughts are: who cares? If Musk wanted to buy Twitter even though he knew the entire company was going to be hostile toward him and likely unprofitable, it's his money. And regardless of how much debt he took on to buy it, I seriously doubt we're going to see him on a street corner shaking a tin can anytime soon. The dude is mega-wealthy and is still going to be wealthy whatever happens with X. Plus I hate X/Twitter anyway, so the whole thing can go down in flames for all I care. Even if Elon Musk went bankrupt, that would have no effect on me and probably most of this community. What is it I always read here? Never invest more than you're willing to lose? Yeah well, it applies to the elite like Musk, too.
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