- cross-posted to:
- enoughmuskspam@lemmy.world
- cross-posted to:
- enoughmuskspam@lemmy.world
cross-posted from: https://lemmy.world/post/19346837
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I feel bad for forgetting about Kashoggi
the Saudis, put Musk up to buying Twitter to kill it
I think the Twitter investors put Musk up to buying Twitter because it was massively overvalued and they wanted that shit stain off their books. The Saudis thought they were going to get a pipeline directly into the American psyche with which to hype their various fascist passion projects.
wrote the entire amount of as public relations expense
The cool thing about being a Saudi prince is that you’ve got several trillion dollars to fuck around with before you find out.
Jack Dorsey sure kept a lot of stake in his company after handing the reigns over to people who would never understand how to run it
TBH he even started a concurrent of it, so he probably expected Twitter to lose value
He created BlueSky as a side project because he knew he could off-load it at an obscene markup onto another group of sucker investors, kind of like how he did with Twitter. But Twitter was the system with all the end-users. That system should have been free to just print money indefinitely without any effort by the buyer.
Oops.
That was just the cost to buy a propaganda machine with over half a billions users.
And the people still allow it because double posting to mastodon is just too hard. Maybe Facebook will save them.
The people in question will hardly even notice. But turning one of the most prominent social media sites in the world into a far right propaganda spout will make it well worth to them.
Where did that money go? Now it’s just in the hands of some other rich dickheads.
To the people owning Twitter stocks. So a lot of rich dickheads but also to some non rich dickheads and actually good people.
Twitter stocks are no longer traded and all the past investors have been paid the meme price or $54.69 or something like that. They all won the lottery as that was an extremely overvalued price
Unfortunately, the “lost” money is an hypothetical calculation using the current Xitter value and the massive debt that the rat did to purchase Twitter. It’s something like wondering “how much money would Larry Ellison get if he found another sucker willing to buy his Xitter shares?”
I am aware. That is how stocks work. The billions “lost” got paid to previous owners of the stock.
I used “owning” instead of “owned”, sorry, I guess.
On the upside, if we think better, the answer to the question “how much money would Larry Ellison get if he found another sucker willing to buy his Xitter shares?” is $0 as there would be nobody so insane to buy them.
So that number is the money that he lost for now, if he would be able to sell
people owning Twitter stocks
some non rich dickheads and actually good people
I don’t believe you.
A Twitter stock was $34 in early 2022 and got bought by musk for $53.70 in late 2022.
You could have made $20 with a $34 investment. There were certainly some good people who invested maybe $340 and made $200.
There were certainly some good people who invested maybe $340
Ah, you’re talking about gamblers who threw a few bucks on the ponies. Sure. Plenty of them were probably fine.
But talk to me about someone who made more than six figures off Twitter stock price arbitrage.
When did I or anyone talked about more than 6 figures? We talked about who got the money and in my comment, I made clear that “a lot of it” went to dickheads. so I thought it was obvious that i wasn’t talking about “6 figures”.
And also musk was legally required to buy the stocks… It was hardly a gamble. At least not a pony. It would have been a reasonable expectation that people will drive up the price because Elon (that genius) talked himself in a prison sentence if he didn’t buy it for that price, like a genius would do.
What on earth makes you think anyone here has any details on people making “six figures”?
That is a paltry sum that the mob give zero shits about.
To some, it seems like an incredible amount of money. To others it is several orders of magnitude too low to even consider.
Don’t worry about the people making 6 figures. Worry about the people making 9.
Saudi wasn’t investing billions in a social media platform.
Saudi was spending billions to have a social media platform killed.
You can say a lot of bad things about Mush, but he’s not a cheap whore
Meh, those people will write it down and use it to offset any other taxes they need to pay.
Sometimes you get what comes around and sometimes you are what comes around.
Well it depends on what they were actually buying. Probably not Twitter.
Hmm I wonder if he bought his crypto via binance
I hope so, they’re super crooked even for a crypto company.
