WillyAp
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November 20, 2023, 09:49:15 PM |
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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.
Well who was financing that bill are the people on the list - A.M. Management & Consulting $25 million
AH Capital Management VC firm founded by Marc Andreessen and Ben Horowitz $400 million Aliya Capital Partners SpaceX investor $360 million BAMCO Investment adviser $100 million Binance Cryptocurrency firm $500 million Brookfield Canadian investment firm with over $690 billion assets under management $250 million DFJ Growth IV Partners Tesla, SolarCity, SpaceX and The Boring Company investor $100 million Fidelity Management & Research Company Acts as the investment advisor to Fidelity's family of mutual funds $316 million Honeycomb Asset Management Private investment firm led by Chief Investment Officer David Fiszel $5 million Key Wealth Advisors $30 million Lawrence J. Ellison Revocable Trust Oracle co-founder Larry Ellison's trust $1 billion Litani Ventures Chicago-based VC firm $25 million Qatar Holding Investment house founded by Qatar Investment Authority $375 million Sequoia Capital Fund Invested in The Boring Company $800 million Strauss Capital LLC - $150 million Tresser Blvd 402 LLC (Cartenna) $8.5 million VyCapital Invested in The Boring Company $700 million Witkoff Capital New York-based real estate tycoon Steven Witkoff's firm $100 million Saudi Arabian investor Prince Alwaleed bin Talal Twitter investor $1.89 billion (34,948,975 shares)
Reporting by Hyunjoo Jin in San Francisco and Chibuike
Source: https://www.reuters.com/markets/us/who-is-financing-elon-musks-44-billion-deal-buy-twitter-2022-10-07/
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Hispo
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November 20, 2023, 10:56:04 PM |
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I'm not a huge fan of Elon Musk - but this man has a real passion for building his empire. Everything never fails, both technically and financially - even Elon, who is famous for his wealth, can go bankrupt because of his own maneuvers to control things.
Elon Musk could almost be said to have failed after acquiring Twitter - but as one of the richest people due to his assets, Elon Musk would probably be tens of steps ahead of someone who doesn't like him. I don't know what will happen next for Elon and the leadership of platform X - but he is one who doesn't give up so easily despite repeated failures.
In my opinion, one of his mistakes was to get indirectly involved in politics, perhaps he thought he has enough money so he is invincible and cannot be taken down by competitors or public officials, there is a chance he had become bored and decided to buy Twitter and start his crusade for free speech as part of his legacy, he is not stupid, so he probably expected to suffer some economical losses because of what he tries to do, but if I had to bet, I would say the money he has lost in Twitter has gone beyond his own calculations. He won't get bankrupt easily, but it is not impossible, some Chinese company could take over the market of EV and the satellite internet network has a big competition with optical fiber.
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Renampun
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November 20, 2023, 11:45:04 PM |
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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? banks will continue to trust those who have a good reputation, we will see how big an influence Elon Musk has made, if we see all his businesses fail then we will see the collapse of his empire, but up to now all the companies he has looked after have grown as they go. time, maybe X has not shown significant profit growth, but in the next few years we will see X as the largest and most influential social media in the world, The same thing as Tesla, which can be said to be the pioneer of electric cars in many parts of the world.
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shinratensei_
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November 21, 2023, 12:33:28 AM |
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I'm not a huge fan of Elon Musk - but this man has a real passion for building his empire. Everything never fails, both technically and financially - even Elon, who is famous for his wealth, can go bankrupt because of his own maneuvers to control things.
Elon Musk could almost be said to have failed after acquiring Twitter - but as one of the richest people due to his assets, Elon Musk would probably be tens of steps ahead of someone who doesn't like him. I don't know what will happen next for Elon and the leadership of platform X - but he is one who doesn't give up so easily despite repeated failures.
In my opinion, one of his mistakes was to get indirectly involved in politics, perhaps he thought he has enough money so he is invincible and cannot be taken down by competitors or public officials, there is a chance he had become bored and decided to buy Twitter and start his crusade for free speech as part of his legacy, he is not stupid, so he probably expected to suffer some economical losses because of what he tries to do, but if I had to bet, I would say the money he has lost in Twitter has gone beyond his own calculations. He won't get bankrupt easily, but it is not impossible, some Chinese company could take over the market of EV and the satellite internet network has a big competition with optical fiber. does the sattelite internet really will compete with optical fiber though? the main reason why elon deploying his starlink because he knew that while the latency might not be great with these facilities but he can reach the most remote place therefore he quite literally could cover entire planet as his customer so long the regulation of the country allows which im sure will eventually allows it, fiber needs to be planted while satelite isn't, even though initial capital required was massive, but elon has the company that launch the satellite, also they already stated that elon already made some surplus from starlink alone that could cover other company which he owned in term of financial. I think its a great idea that only elon could pull off since he has all the facilities, I think his empire will last long honestly, since considering he always presents good product with real use case even the most complicated product ever he could pull it off but we'll see.
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WillyAp
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November 21, 2023, 12:33:22 PM Last edit: November 21, 2023, 12:44:25 PM by WillyAp |
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does the sattelite internet really will compete with optical fiber though?
It's a worldwide service and many countries are led by a kind of mediocre management which is not able to view more than their bank account. Here where we live I'd pay 50$ per month which in a different region cost 30 and that by getting triple speed (the region). My LTE connection luckily for me gives me 60+ MB/s and costs me 10$ for 20GB data. Venezuela is blocked by starlink and it would not be 100% sure that the kit would even reach me. We have a centralised mail system. I've lost quite a few Items so far.
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NotATether
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November 21, 2023, 12:57:53 PM |
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What are your thoughts on this? Is Musk about to lose it all?
If xAI fails? Yeah, he's fucked. He's already lost Twitter, the Boring Company, NeuralLink (two startups that have no product and are burning money), all EV companies are fighting Tesla and look likely to split the global market between them, and as for SpaceX, well... it's too early to pass judgement on it. xAI is literally his last chance to consolidate his position and have a dominant company. Everything else is either sinking in a pile of debt or is facing serious competition. So if the other AI companies run faster than him (and he no longer has to worry about OpenAI now that Sam Altman is booted out), then he's done.
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doomloop
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November 21, 2023, 07:22:56 PM |
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Elon Musk is undoubtedly a visionary entrepreneur with a remarkable track record of success. His companies, like Tesla, Neuralink and SpaceX, have disrupted industries with innovations. currently, on X (Twitter), he shows his starship launching which would become his biggest asset of his empire that suggests his empire keeps getting bigger and stronger.
His empire is impressive, but it is not without risks. If he is able to manage these risks effectively, he is likely to continue to be a force to be reckoned with in the business world. However, if he is not able to address these challenges, his empire could crumble. Only time will tell whether Elon musk can maintain his prominence in the ever-changing business landscape.
Why are we, being ordinary people with ordinary jobs and income sources, judging the richest person on the face of earth who has businesses and companies that we never could create or make ourselves? An ordinary person cannot think the way a businessman can, so a person or a group of people that are not extra-ordinary with their thoughts and works that they do shouldn't sit and discuss about the empire of an extra-ordinary entrepreneur. We all know that he is a genius, his way of thinking and the knowledge about things is far beyond ours, and even if things don't work out for him in a business, he can always do something else and earn more money than what he has spent on his failed business. So, he won't let his empire crumble or fall.
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Hamphser
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November 21, 2023, 07:46:43 PM |
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Elon Musk is undoubtedly a visionary entrepreneur with a remarkable track record of success. His companies, like Tesla, Neuralink and SpaceX, have disrupted industries with innovations. currently, on X (Twitter), he shows his starship launching which would become his biggest asset of his empire that suggests his empire keeps getting bigger and stronger.
His empire is impressive, but it is not without risks. If he is able to manage these risks effectively, he is likely to continue to be a force to be reckoned with in the business world. However, if he is not able to address these challenges, his empire could crumble. Only time will tell whether Elon musk can maintain his prominence in the ever-changing business landscape.
Why are we, being ordinary people with ordinary jobs and income sources, judging the richest person on the face of earth who has businesses and companies that we never could create or make ourselves? An ordinary person cannot think the way a businessman can, so a person or a group of people that are not extra-ordinary with their thoughts and works that they do shouldn't sit and discuss about the empire of an extra-ordinary entrepreneur. We all know that he is a genius, his way of thinking and the knowledge about things is far beyond ours, and even if things don't work out for him in a business, he can always do something else and earn more money than what he has spent on his failed business. So, he won't let his empire crumble or fall. People do really love on engaging or talking about someones business or financial condition or simply with its failure? Its not something new! People are really that judgmental on which it is really just that normal that they would really be that loving on seeing someones condition and making out discrimination if ever they do see that it is out of their interest. Just like been said by some people above that its none of our business if Elon would fail or not or its empire would really be kissing on the floor or not. Its not our money and its none of our fkin business on what he would gonna do with his investments. Usually people do really love on criticizing on everything specially on things which is really that totally opposite into their interest. People would really be always have something to say on which it is really just that common that they would be having that kind of behavior on which its not really that something new. Whether he would fall or not, then its not of our concern. One things for sure that Elon wont really be reaching out that state if he doesnt know on how to make solutions into those problems that he's facing.
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alani123 (OP)
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November 21, 2023, 08:07:42 PM |
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Elon Musk is undoubtedly a visionary entrepreneur with a remarkable track record of success. His companies, like Tesla, Neuralink and SpaceX, have disrupted industries with innovations. currently, on X (Twitter), he shows his starship launching which would become his biggest asset of his empire that suggests his empire keeps getting bigger and stronger.
His empire is impressive, but it is not without risks. If he is able to manage these risks effectively, he is likely to continue to be a force to be reckoned with in the business world. However, if he is not able to address these challenges, his empire could crumble. Only time will tell whether Elon musk can maintain his prominence in the ever-changing business landscape.
Why are we, being ordinary people with ordinary jobs and income sources, judging the richest person on the face of earth who has businesses and companies that we never could create or make ourselves? For one, Twitter is a platform many users would go into every day, and Elon Musk's acquisition fumbled with it so much that it made it undesirable for many people for so many reasons. But most importantly, we shouldn't idolize rich people. Elon Musk is rich, so what? Does the fact that he was born wealthy prove much? It only proves that it's easier for an already rich person to become even richer. It's not a fair system that we have out there. And importantly, we have to recognize the certain privileges being rich brings. Idolizing someone because of wealth is the last thing to do when we're as you say ordinary people.
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Finestream
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November 21, 2023, 08:30:30 PM |
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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? We all know that Elon is a wise and intelligent businessman, and whatever his decision in life, it must have gone through well research and preparation. However, I also believe that losing is inevitable, but I should say he must have seen it coming before us. But I don' think that the fall of his empire is already imminent, he must have a lot of businesses that he built that will generate profits for him, so that makes him regain his empire from falling. Twitter creates a very big loss for Elon, but I should say his world does not only revolve in it. So I won't agree that he is now at his losing end.
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Samlucky O
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November 22, 2023, 08:05:51 AM |
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I don't really think that the reduction of Twitter perticipant will affect Elon musk due to his loan. I think he has the capacity to buy Twitter without a loan because checking from his net worth as at the time he bought Twitter at $44b you could see that he has more than enough but didn't want to adventure into something he is not really sure of, or never wanted to pull that hug amount of money in an already existing business as a wise man he is. But looking at things right now he has lost $19b from a $44b investment. Now he says he bought Twitter so expensive. But no matter what happens he can not fall to the ground but rather falls from the table of the richest man. Greediness is the cause of his down fall of Twitter, sometimes we shouldn't think that money can buy us Everything. When you have money and think you can buy the world that is just what you get. I think most subscribers of Twitter are fans of the formal owner Jack Patrick and they feel needless of continueing with Twitter since he sold it to Elon musk. And that drastically reduce the value of Twitter. Money can buy you material things, but can't buy you feeling or change the thought people have for you.
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eightdots
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November 22, 2023, 05:02:56 PM |
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Elon's empire will never easily fall, not because of his wealth, but because he has this superb and brilliant ideas that will let him stay on his position. Although his high position in Twitter has already ended but I think it's part of his plan. We don't know the reality behind it but knowing Elon, he wants to keep an edge over the others and always on top of everything. And whatever he does, there's always his own motives and only him knows that.
However, despite of Elon's power and intelligence, I guess if he keeps on putting himself first more than others, that he gets to be greedy and even deceiving, his empire will definitely come to an end. But it could be years or a decade from now.
Elon Musk is undoubtedly a visionary entrepreneur with a remarkable track record of success. His companies, like Tesla, Neuralink and SpaceX, have disrupted industries with innovations. currently, on X (Twitter), he shows his starship launching which would become his biggest asset of his empire that suggests his empire keeps getting bigger and stronger. His empire is impressive, but it is not without risks. If he is able to manage these risks effectively, he is likely to continue to be a force to be reckoned with in the business world. However, if he is not able to address these challenges, his empire could crumble. Only time will tell whether Elon musk can maintain his prominence in the ever-changing business landscape. Big organizations have big risks. Every step Elon takes is news. No one can ignore his achievements so far. He's had his successes so far, as well as failed attempts, but he always knows how to get back on his feet. I don't know if this will continue, but he has been very successful so far. As you say, if he manages to control the risks, he will become even stronger. There will always be risks in the business world, but with every risk that is overcome, the strength to fight them will increase. There will always be news about the fall or rise of Elon's empire. I'm more interested in what he wants to do and what he is developing.
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JunaidAzizi
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November 22, 2023, 05:41:33 PM |
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What are your thoughts on this? Is Musk about to lose it all?
Musk is not a stupid person to take a risk on his empire by taking a loan to buy Twitter. Twitter is just a part of his asset, not a base so how did he feel if he took a loss in Twitter? His assets are more than the 50 States budgets so how did he fall? We know he is a good entrepreneur and in this field, the opponent sometimes spreads such kinds of rumors to put pressure on or give a loss and this is also I think one of them. A few months ago he tweeted that he would charge every Twitter user 1$ per month. As of 2023 there are 556 million active users of Twitter and this is increasing day by day if he charges every person just one dollar then according to mathematics he will collect 556 million dollars just in one month. So I do not things so that there will be any loss that will kill the Musk Empire and he have a backup plan for his empire.
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WillyAp
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November 22, 2023, 07:28:33 PM |
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A few months ago he tweeted that he would charge every Twitter user 1$ per month
I think he said per year. I wouldn't pay 1 $ a month for any social media. Not even Whatsapp.
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Ludmilla_rose1995
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November 22, 2023, 08:24:10 PM |
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A few months ago he tweeted that he would charge every Twitter user 1$ per month
I think he said per year. I wouldn't pay 1 $ a month for any social media. Not even Whatsapp. Maybe you don't want that, but what about other members on Twitter? From what I've seen, there are quite a lot of big accounts who don't refuse to pay $1 to keep their account with a blue tick. Elon Musk didn't buy Twitter without calculation, he clearly predicted all the consequences, I dare say he didn't lose out on buying Twitter, in fact all his efforts will make him even bigger in the next few years, one of that is SpaceX.
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mv1986
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November 22, 2023, 10:25:33 PM |
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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? Didn't he step down as the Twitter/X CEO very long ago?I think that he nominated Linda Yaccarino in June 2023 and she took over from Elon Musk back then. He has also never claimed that he wants to be the CEO of that company for very long, which means that this can't be interpreted as an indicator of his empire failing. The other companies are pretty strong and have good relationships with the US authorities. SpaceX is directly linked to Starlink, which provides important connectivity and data bandwidth for various purposes and Tesla is competitive I think? I haven't their numbers in a while, but they are up about 100% YTD. Despite the negative development of the share price in the last few weeks I think it is still going well for him. It would be a long way to crash that empire.
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WillyAp
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November 22, 2023, 10:35:55 PM |
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Maybe you don't want that, but what about other members on Twitter?
Sure but look from which countries the twitter followers come from: 1st is the US, 2nd Inda so far I know.
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TheUltraElite
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So anyway, I applied as a merit source :)
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November 28, 2023, 06:49:50 AM |
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I think he said per year. I wouldn't pay 1 $ a month for any social media. Not even Whatsapp. You would pay to use a instant messenger or a social media app? I would shut down my social media if that was the case and wait for another free platform to come up or use the SMS system. We are indeed dependent on the IM apps but not on social media apps, which have now become pseudo-escorting apps in case of Tinder/Bumble and a place for redpilled people in case of Twitter/X and so on. In either case, if they start such a system people will move on and the owners will face a drop in revenue as another developer comes up with a free and open-source app. Speculation at its peak indeed, lets see who the space psychos face the upcoming future.
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NotATether
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November 28, 2023, 01:16:23 PM |
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A few months ago he tweeted that he would charge every Twitter user 1$ per month
I think he said per year. I wouldn't pay 1 $ a month for any social media. Not even Whatsapp. It's per year, yes. And only to new accounts I guess, for now? Anyway. Most of the people who want to pay for the blue check nowadays are either impersonators, or people who want to engage in information warfare via X/Twitter. Because the verified (i.e. paying) user comments show up before unverified users. So it's very easy to have some bullshit account shove some info to your timeline which everyone (sane?) can categorically declare is not true.
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WillyAp
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November 28, 2023, 02:10:38 PM |
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You would pay to use a instant messenger or a social media app?
Can't you read: I said I would not pay for social media nor messenger service. I pay to have a fixed phone number though, as local services failed to restore ours.
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