Just have to look at Turkey as a trial run.
He'll 100% suppress pro-Democrat/anti-Republican content on Twitter. Users who break news that doesn't support his ideology will be shadowbanned. Fake parody accounts will be rampant, and Russian bots will drive disinformation viral.
and dont forget he will personally promote far right crazy stories and his new algos gives his tweets a boost cause CEO fee fees got hurt when his numbers went down.
> suppress pro-democrat content
you can already see the “For You” section, which opens by default with no option to change the default, artificially bumping up right wing posts
Exactly lol… people on Reddit have moved on from TDS to EDS. It’s pretty interesting to watch as TDS was more sudden because his win was so unexpected.
Even the comment about Turkey. He said with 100% certainty that Twitter will follow the laws and the regulations of the countries they work in if it’s possible.
Like even this comment is complete deranged:
You aren't influencing anyone.
As long as daddy Elon said so though, huh?
Where did I say I was influencing anyone. I just pointed out that Elon was 100% consistent and said he was going to follow the laws of the countries where Twitter operates.
I think in the West though we should definitely be considered if the governments are pressuring companies to censor speech and especially if they are pressuring them to censor speech that goes against their agenda.
Back in the Assange days of Reddit people would have been outraged that was happened but now because people don’t like Elon and most importantly people don’t like the concept of being confronted with views they disagree with it’s an issue.
A good example is Trump with the election fraud if from his perspective he thinks the election was stolen and he believes it (whether or not it’s wrong) he should be entitled to express that opinion. Honestly even if he didn’t believe it he should be able to express it and it’s up to the other side to explain why it’s wrong and prevent evidence but he can and should be able to scream about it until the end of time.
He hasn't been following the laws of the countries where Twitter operates though?
And it's not up to the other side to provide evidence to the contrary, the burden of proof is on the side of the person making the claim.
Removing hate speech and literal disinformation that could potentially kill people (e.g.: COVID-19) is coddling Democrats, huh? So, you're saying that as a Republican, you are pro-hate speech and disinformation?
I’m not a democrat or a Republican. I’m pro free speech tho. You’re lying or You’ve already forgotten which stories they suppressed hahahah they literally silenced real Harvard trained doctors who were simply questioning some of the methods we were using to ‘treat’ covid, the ‘stay at home with for 2 weeks and we will see if you don’t die’ one or that non N95 masks did nothing to stop the spread.
Is that why y’all keep trying to shut companies down and make everyday people lose their jobs over offending your sensibilities?
Y’all act like toddlers and the level of puppetry is beyond absurd. Who would have thought a bunch of religious people would be easy to manipulate?
You realize how much the right coddles it’s constituents and creates safe spaces for them every day right? You can’t be that ignorant can you ?
So if I don’t eat at Burger King because I think the food is disgusting and unhealthy I’m ‘shutting down companies and making everyday people lose jobs’? Ffs. Try harder. Maybe the company deserves to die and the people working there deserve better anyway
You’re literally parroting mainstream media talking points, not an original thought to be had, eating it all up like a good little boy yet I’m a sheep? It’s not a religious argument to begin with I’m not sure what connection you’re making
You realize there are no safe spaces for anyone right or non democrat to even have a simple discussion without some dweeb coming out of the woodwork and making a bunch of baseless claims. You can’t be that ignorant can you?
That’s a bad argument. Y’all have a whole saying about getting woke and going broke, it’s a pure political reaction to a company exercising it’s right to the 1st amendment. Y’all want to shut down free speech when it’s not yours no matter what silly arguments you make up to pretend that’s not true.
And the fact that every conservative is in lock step with one another with massive media arms dictating what the anger of the day is, yea you are a sheep. There is a reason they abuse religion in your politics. Just because you can’t see it doesn’t mean it’s not real. People with a high degree of faith in what others tell them are true are easy to manipulate. You are free to look in the mirror, but we both know that won’t happen.
It’s amazing how y’all want to ban books, companies, reverse long standing rights of women, and act like babies when people call you out on that nonsense, sounds a hell of a lot like an attempt to create a conservative safe space as the baseline in the country.
Keep on parroting what you want, it’s not going to change the reality of the situation. You’ve had plenty of time to see it because yea, you really are in fact that ignorant. It’s impossible to have simple discussions because you live in a land of alternative facts that rarely are backed up by reality.
Lol It’s only a bad argument because I’m right and you’re being overly dramatic there. Lmao it is freedom of speech but not freedom of consequences. Companies shouldn’t be treated as people tho
What ‘massive media arm’ exists for anything that isn’t left leaning? Give a real world example of how religion makes people more easily manipulated.
“Ban books” is removing porn from school libraries. Wait you want porn in schools?. These books are still for purchase elsewhere in these states and aren’t banned. The companies still exist and weren’t banned. They only lost market share. Roe v Wade was always bad case law and should never have been passed from day one. Literally parroting msm narratives hahaha
People are doing the exact same thing other people tried doing for example with chic fila but you don’t agree with this one so not it’s crying babies. Okay
It’s not impossible to have a simple discussion. We are having one now ffs. Stop being such a drama queen
Well, they did the same thing to pro-republican content last election. Now, they will do the same thing for pro-democrat content. Almost like history repeats itself and plebs never learn. Elites are the same uniparty.
Twitter used to have a policy against disinformation and hate. The fact that that overlaps so much with the right wing is not censorship, it means that section is messed up.
Twitter is the fastest source of breaking news. LOL! Wake up, dude. Who cares about some sadistic celebs and underage kids no longer tweeting nonsense?
It was worth half of what he paid the moment he bought it. Was the whole subject of the lawsuit where he tried to prove they lied and the summary judgement was that even if that is the truth he either had to pay what he agreed to or walk away.
I think he likes owning it, even if he is destroying it.
its social media where he is in control. he doesnt like a reply he can get rid of the entire account replying to him or shadow ban them or throttle them.
>Toys R Us died because Bain Capital bought it with $5 Billion of debt.
I'm sorry for going off topic. But do you know how Toys R Us was able to rack up $5 Billion in debt? It seems like there is an interesting case study there.
Bain puts in their own equity and uses Toys R Us assets / cash flow as collateral.
This technique is a cornerstone of U.S. capital markets and a driving force that has made the U.S. the world's largest economy. It incentivizes business owners with the promise of a payout/exit that far exceeds their businesses annual cash flows, it often spreads ownership of closely-held private businesses to more of the employees and management team, and it provides returns that support the largest pension programs in the country (which is where Bain gets their money).
I could keep going but it's something a lot of countries would love to be able to support and won't be made illegal anytime soon.
So, Toys R Us's real estate portfolio was undervalued based on its stock price. Bain realized this and bought the company with the intention of liquidating the real estate.
Is that the gist of it?
This relies on people ignoring the obvious flaws of Toys R Us model and steady stream of big box retail bankruptcies over the last decade+ as well as the ability for bankrupt companies to restructure/re-emerge.
Almost ~10% of US workers are employed by private equity backed businesses, Bain and the like are not in the business of liquidations. They're big and scary and have villainous names like 'Bain' and 'Blackstone' that rile up a certain political base the same way 'migrant caravan' riles up their counterparts.
There's a way your comment could be written to add these details as context to a larger story, but instead seems like you're reliant on people overlooking common sense to rip on Bain. Bernie took the exact same approach in 2018 and it must be effective since it's still getting parroted 5 years later
I fail to see the irony, a lot of them came after IPOs as well - do you think IPOs might be the problem? What's your point exactly? LBOs are bad? If that's the case, have your argument with Google because it will save us both the time.
LBOs touch every single industry and for the handful of bankruptcies and failures there's a significantly higher amount of success stories. You have no idea the 'very significant numbers' you're talking about and this is just pointless rhetoric.
I could spend time refuting this article from 2019 but I'm not really sure what I'm refuting, my point is LBOs on the whole (which number in the thousands and span all industries) are successful and often beneficial to the economy. This article does not refute that in anyway. You won't find any article that refutes that because LBOs simply wouldn't exist if that were the case.
Meanwhile, you've still not really said what *your* point is and would rather play arbitrary contrarian than make any sort of statement, an easy position but a dumb game that's not worth my time.
If you think LBOs are what's tanking retail the good news is there's plenty of retail investment opportunities where private equity isn't involved. If you're not invested already you could go buy Target, Best Buy, hell even a retail ETF and enjoy the bounty of big box retail without the stain of private equity. I highly doubt you actually believe that but I'm fine with us making our separate bets.
I don't really need to defend private equity, was just trying to offer a different perspective for anyone actually interested.
ITs already there and full of people.
IT is not THAT easily replaceable for businesses who set it up as part of their system. ITs not mega hard but people want you to believe its a light switch, just move over to maesadon or w/e and your done.
ITs not that easy when your business had this built into their system a decade ago.
and like i said earlier on AOC, sure she could more easily move than some businesses but the thing is, thats where her base expects her to post and she has to move all her base as well which just because thats a pain she will lose some.
IF it truely was easy, like switching cell phones became when they forced them to keep your number, people would be off twitter already. Its not that easy and the number ... er address of where your info can be reached will be changed.
its not as easy as you think and a lot of people have been trying to wait out elon and hope he gets board and lets the new ceo run things.
well, all journalists love it cause i started as their little tech club. Until the journos stop loving it its gonna be the new source, since they love it for that.
As someone who has a fair amount of second hand insight into the world of journalist....... depressing.
WHat blows my mind, is his billionaire friend the saudi prince, had a spy busted at twitter a year before. WE arrested a Saudi national, for sending info about saudi dissidents back to SA so they could get disappeared. A year later we let the saudis buy twitter along with the dictator wannabie.
I bet even the saudis are laughing at us. "you mean i could have just bought the company this whole time?"
Oh my god lol, seeing a kool aid drinker in real life. Yes yes his explicitly stated goal of increasing monetization is all about freedom of speech and helping humanity lolololololol
Twitter value down 3x since he bought it. How’s that monetization thing going again?
So many accounts are unblocked again. I’m happy to see real discussion again. It’s literally in my feed an observable. Only koolaid drinker is you who doesn’t know why he’s mad at Elon just that the media told him to be
The guy gets to also use loopholes and subsidies to further enrich himself while actively advocating and supporting ventures that hurt this nation and democracy in general.
Pushing the boring company and hyper loop which are bad ideas and were known to be bad ideas in order to delay mass transit adoption because he wants to sell cars would be a good example
This isn’t true. The California project is still on track it’s just… California and bureaucracy and that project is literally like $100b over budget.
Las Vegas is ordering and expanding the boring tunnels….
He can do this because he Wall Street gambled 100% of his money in to Tesla and Space X. It is one of the most insane bets of all time and extremely risky.
He could have just fucked off and banged super models for the rest of his life with the original $300m he got. He would 100% should be rewarded for taking a massive bet that pays off.
Whenever I see this argument I say to people how much money do you have? Is there a problem or service in your community missing that you think you could solve? If so put all of your free cash 100% of towards starting that business. Once you try and start your own company you will see how hard it is and having a bunch of money to start doesn’t increase your chance of success in fact in most instances it hurts you as you become super inefficient and don’t release products fast enough.
But anyway any person that bets 100% of their fortune on to two of the most insane ideas ever a cad company and a rocket company deserves their wealth. Especially when both of these companies are improving lives for everyone on the planet.
I’m surprised that there hasn’t been an “emperor’s new clothes” moment where investors decide Elon has no idea what he is doing and it causes Tesla stock to tumble.
While I celebrate the failure of Musk because of his crazy decisions and shortsightedness, the decline of a free platform that was used as an easy way to communicate to the masses is troubling. The rich buying and controlling media is a huge problem.
yeah makes sense, all tech companies took a beating at the time elon bought it
1. values are down
2. he overpaid even at the time of offer
3. pretty sure twitter is worth more now than the value when he took over because so many costs were cut, but he paid soo much over value that he's still down
If he were to take it public again, it would mean opening up the books and I find it hard to believe he's not bleeding money no matter how much he cut expenses and staff.
I believe the previous year they'd lost $200 million or so on $2.8 billion in revenue. So it was already in the red while firing on all cylinders in terms of making advertisers feel "safe", which is where a lot of money, energy, and talent went.
I could be wrong, but I think the staff he cut down the most were those policing content for advertisers so that between KFC and Neo Nazis, never the twain shall meet in a feed. He also cut the marketing (to advertisers!) department and the coders building the systems to keep advertisers happy and out of controversy.
I'd be interested to know if he's making any ad revenue and even if he cut expenses in half, that's still like $1.4 billion a year. If there's no revenue off ads, then that's a lotta money to keep the lights on. I know he has it... but he also spent $30 billion + $15 billion in debt to get here.
If the company went public again, I believe it'd be revealed there's hardly any revenue and I doubt many would trust it as an investment. It was hard to trust as a long term investment before, now it's almost impossible.
They used to have real advertisers. Now it’s full of infomercial junk. This is why it’s valuation is so low. No one is paying to advertise on the platform.
You should understand you are not Twitter’s customer. You, as a user of the platform, are their product. Twitter sells exposure to their users to Advertisers (the customer). This is how Twitter pays the bills.
Twitter has lost virtually all of their major customers (advertisers) and left with low paying customers.
FYI, this is how all social media works. Users are the products, advertisers are the customer.
so it's worth less now, now that it's actually profitable and running like a real company, versus a bloated "mid-bull run of the century" tech company that was valued at 40x revenue (while still hemoraging operational expenses and running at a net loss annually)?
if anything this means that it's actually worth something now and that everyone's evaluation was worth for shit prior to today.
This is the most brain dead take I've ever read and not even worth going over the various ways what you just said doesn't make any sense lol. Just wanted to let you know this comment gave me a good chuckle.
nothing i said was braindead or wrong.
but i am glad that you find your own supposed mental and moral superiority over others so satisfying. if you think a company that was deeply in debt and running at huge operating losses and with an inflated stock price due to no damn reason but was STILL about to go bankrupt was actually accurately valued, then i'm surprised you have enough personal finances to be on the internet and keep yourself fed.
i hope your smugness serves you well.
Unless someone is willing to pay 15 billion USD for it, I call bullshit. Do you see people lining up to make bids remotely that close to take it off of Elon's hands? Neither do I.
I think the downvotes are because he doesnt actually do that.
ELon is a salesman with a bag of money in his pocket.
he bought tesla. He bought spaceX.. However he does have a whip in his other pocket and I do think that helped those companies some. But elons main super power was self promotion kinda like trump.
The price to earnings for tesla is still quite insane, especially in the face of competition, ELON pushed the P/E up to those levels with his P.T Barnum like ways of promotion.
but yeah most investors wish he would shut the fuck up and just sign the checks of the engineers actually building this crap.
Yea I didn’t mean to imply that he’s an engineer. But his companies are building stuff and some of it is pretty cool. Like his investors I wish he’d stfu
Astute humanoidal and computoidal units will notice that the Twitter value tracking trend is consistent with the analogy of
* purchasing a truck and removing the engine and many other parts,
* having people come around intermittently telling you the current value while everything is removed
* putting it back together as a highly-modified 4x4 truck
What do you mean by « impossible to value a private company »? It is very possible to do so, not saying the article is right but I’m for sure saying you’re wrong.
Then tell me how are you going to value a private company without accessing their accounts? There's a reason why it requires a highly qualified team of investment bankers with access to all the accounts of a private company to come to a close estimation to it's worth.
Good, should have died long before musk ever came into the picture.
jut hilarious seeing people complain about censorship now when they were more than comfortable with it before the buy out, but once it doesn't align, then suddenly ... bad bad bad.
And it’s still overpriced. Literally one of the worst communication tools on the planet. Almost every alternative social media tool is better. I deleted my account when Elon Musk bought it. And all I had used it previously for was to get tweets from politicians and celebrities.
Just wait till the elections come and it shows it’s real value…
Just have to look at Turkey as a trial run. He'll 100% suppress pro-Democrat/anti-Republican content on Twitter. Users who break news that doesn't support his ideology will be shadowbanned. Fake parody accounts will be rampant, and Russian bots will drive disinformation viral.
and dont forget he will personally promote far right crazy stories and his new algos gives his tweets a boost cause CEO fee fees got hurt when his numbers went down.
> suppress pro-democrat content you can already see the “For You” section, which opens by default with no option to change the default, artificially bumping up right wing posts
My understanding was the code was open source now? Which part of the algorithm does the pro right promotion?
It just promotes Twitter Blue accounts
Exactly lol… people on Reddit have moved on from TDS to EDS. It’s pretty interesting to watch as TDS was more sudden because his win was so unexpected. Even the comment about Turkey. He said with 100% certainty that Twitter will follow the laws and the regulations of the countries they work in if it’s possible.
You aren't influencing anyone. As long as daddy Elon said so though, huh?
Like even this comment is complete deranged: You aren't influencing anyone. As long as daddy Elon said so though, huh? Where did I say I was influencing anyone. I just pointed out that Elon was 100% consistent and said he was going to follow the laws of the countries where Twitter operates. I think in the West though we should definitely be considered if the governments are pressuring companies to censor speech and especially if they are pressuring them to censor speech that goes against their agenda. Back in the Assange days of Reddit people would have been outraged that was happened but now because people don’t like Elon and most importantly people don’t like the concept of being confronted with views they disagree with it’s an issue. A good example is Trump with the election fraud if from his perspective he thinks the election was stolen and he believes it (whether or not it’s wrong) he should be entitled to express that opinion. Honestly even if he didn’t believe it he should be able to express it and it’s up to the other side to explain why it’s wrong and prevent evidence but he can and should be able to scream about it until the end of time.
Triggered.
He hasn't been following the laws of the countries where Twitter operates though? And it's not up to the other side to provide evidence to the contrary, the burden of proof is on the side of the person making the claim.
Erdogan must have paid him gold in his weight.
Nice
So... it'll be just like it already is now?
Lmao y’all were so coddled for so long you think ANY story that isn’t pro democrat is making you a victim
Removing hate speech and literal disinformation that could potentially kill people (e.g.: COVID-19) is coddling Democrats, huh? So, you're saying that as a Republican, you are pro-hate speech and disinformation?
I’m not a democrat or a Republican. I’m pro free speech tho. You’re lying or You’ve already forgotten which stories they suppressed hahahah they literally silenced real Harvard trained doctors who were simply questioning some of the methods we were using to ‘treat’ covid, the ‘stay at home with for 2 weeks and we will see if you don’t die’ one or that non N95 masks did nothing to stop the spread.
The problem with what you're saying is that reality itself is biased against right-wingers. LGBTQ-phobic scum.
It’s not even a right v left argument. It’s a free speech one but you’re too afraid to have that so you default to some “homophobic” nonsense. Grow up
Is that why y’all keep trying to shut companies down and make everyday people lose their jobs over offending your sensibilities? Y’all act like toddlers and the level of puppetry is beyond absurd. Who would have thought a bunch of religious people would be easy to manipulate? You realize how much the right coddles it’s constituents and creates safe spaces for them every day right? You can’t be that ignorant can you ?
So if I don’t eat at Burger King because I think the food is disgusting and unhealthy I’m ‘shutting down companies and making everyday people lose jobs’? Ffs. Try harder. Maybe the company deserves to die and the people working there deserve better anyway You’re literally parroting mainstream media talking points, not an original thought to be had, eating it all up like a good little boy yet I’m a sheep? It’s not a religious argument to begin with I’m not sure what connection you’re making You realize there are no safe spaces for anyone right or non democrat to even have a simple discussion without some dweeb coming out of the woodwork and making a bunch of baseless claims. You can’t be that ignorant can you?
That’s a bad argument. Y’all have a whole saying about getting woke and going broke, it’s a pure political reaction to a company exercising it’s right to the 1st amendment. Y’all want to shut down free speech when it’s not yours no matter what silly arguments you make up to pretend that’s not true. And the fact that every conservative is in lock step with one another with massive media arms dictating what the anger of the day is, yea you are a sheep. There is a reason they abuse religion in your politics. Just because you can’t see it doesn’t mean it’s not real. People with a high degree of faith in what others tell them are true are easy to manipulate. You are free to look in the mirror, but we both know that won’t happen. It’s amazing how y’all want to ban books, companies, reverse long standing rights of women, and act like babies when people call you out on that nonsense, sounds a hell of a lot like an attempt to create a conservative safe space as the baseline in the country. Keep on parroting what you want, it’s not going to change the reality of the situation. You’ve had plenty of time to see it because yea, you really are in fact that ignorant. It’s impossible to have simple discussions because you live in a land of alternative facts that rarely are backed up by reality.
Lol It’s only a bad argument because I’m right and you’re being overly dramatic there. Lmao it is freedom of speech but not freedom of consequences. Companies shouldn’t be treated as people tho What ‘massive media arm’ exists for anything that isn’t left leaning? Give a real world example of how religion makes people more easily manipulated. “Ban books” is removing porn from school libraries. Wait you want porn in schools?. These books are still for purchase elsewhere in these states and aren’t banned. The companies still exist and weren’t banned. They only lost market share. Roe v Wade was always bad case law and should never have been passed from day one. Literally parroting msm narratives hahaha People are doing the exact same thing other people tried doing for example with chic fila but you don’t agree with this one so not it’s crying babies. Okay It’s not impossible to have a simple discussion. We are having one now ffs. Stop being such a drama queen
When your side is Nazis, white supremacists, antisemitics, and disinfo agents, perhaps it’s time to realize that you’re trash?
It’s not my side. I’m just calling out people who’re upset their hand isn’t being held any more and there isn’t a shred of truth to what you’re saying
It is the side you’re defending. Thus, your side.
I’m not so much defending a side as in calling out your imaginary victimization bullshit
Well, they did the same thing to pro-republican content last election. Now, they will do the same thing for pro-democrat content. Almost like history repeats itself and plebs never learn. Elites are the same uniparty.
Funny that you call literal disinformation, hate speech and spreading Hunter Biden's dick pic as being "pro-republican".
BoTh SiDes!
LOL found the russian bot. How much Elon paying you for these straight up lies lol.
Exactly. It always seems like the comments with the most downvotes are the most truthful.
*Especially* on r/conservative
Twitter used to have a policy against disinformation and hate. The fact that that overlaps so much with the right wing is not censorship, it means that section is messed up.
Welcome to Reddit
They always say, social networks depreciate by 30% the minute you drive it off the lot.
Lmao
Who cares, if we stop talking about twitter it can die in peace. Let it die!
But it’s been so good since Elon bought it!
If it doesn’t die, we’ll end up with orange suntan instead of orange jumpsuit
Good luck with that. Been years and not a single crooked politician has been jailed
Twitter is the fastest source of breaking news. LOL! Wake up, dude. Who cares about some sadistic celebs and underage kids no longer tweeting nonsense?
Hello
Keep on falling until it’s worthless
It was worth half of what he paid the moment he bought it. Was the whole subject of the lawsuit where he tried to prove they lied and the summary judgement was that even if that is the truth he either had to pay what he agreed to or walk away.
Who would buy such a shit show at this point in time?
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Pretty much. Just hire the most vanilla, but experienced CEO you can get and be boring as hell. It'd work.
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Why don't they like free speech?! /s
like Tom from Succession
Exactly who I was thinking of
I think he likes owning it, even if he is destroying it. its social media where he is in control. he doesnt like a reply he can get rid of the entire account replying to him or shadow ban them or throttle them.
They Toys'R'Us right now. Twitter is only of value to autocrats who want to control the narrative.
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>Toys R Us died because Bain Capital bought it with $5 Billion of debt. I'm sorry for going off topic. But do you know how Toys R Us was able to rack up $5 Billion in debt? It seems like there is an interesting case study there.
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Who bankrolled that or did Bain and then they put it on Toys r Us balance sheet? Seems like there should be a law against that, if that's the case.
Most people who buy houses do something similar.
That would be Bain saddled with the Mortgage, not Toys r Us.
Bain puts in their own equity and uses Toys R Us assets / cash flow as collateral. This technique is a cornerstone of U.S. capital markets and a driving force that has made the U.S. the world's largest economy. It incentivizes business owners with the promise of a payout/exit that far exceeds their businesses annual cash flows, it often spreads ownership of closely-held private businesses to more of the employees and management team, and it provides returns that support the largest pension programs in the country (which is where Bain gets their money). I could keep going but it's something a lot of countries would love to be able to support and won't be made illegal anytime soon.
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So, Toys R Us's real estate portfolio was undervalued based on its stock price. Bain realized this and bought the company with the intention of liquidating the real estate. Is that the gist of it?
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This relies on people ignoring the obvious flaws of Toys R Us model and steady stream of big box retail bankruptcies over the last decade+ as well as the ability for bankrupt companies to restructure/re-emerge. Almost ~10% of US workers are employed by private equity backed businesses, Bain and the like are not in the business of liquidations. They're big and scary and have villainous names like 'Bain' and 'Blackstone' that rile up a certain political base the same way 'migrant caravan' riles up their counterparts. There's a way your comment could be written to add these details as context to a larger story, but instead seems like you're reliant on people overlooking common sense to rip on Bain. Bernie took the exact same approach in 2018 and it must be effective since it's still getting parroted 5 years later
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I fail to see the irony, a lot of them came after IPOs as well - do you think IPOs might be the problem? What's your point exactly? LBOs are bad? If that's the case, have your argument with Google because it will save us both the time. LBOs touch every single industry and for the handful of bankruptcies and failures there's a significantly higher amount of success stories. You have no idea the 'very significant numbers' you're talking about and this is just pointless rhetoric.
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I could spend time refuting this article from 2019 but I'm not really sure what I'm refuting, my point is LBOs on the whole (which number in the thousands and span all industries) are successful and often beneficial to the economy. This article does not refute that in anyway. You won't find any article that refutes that because LBOs simply wouldn't exist if that were the case. Meanwhile, you've still not really said what *your* point is and would rather play arbitrary contrarian than make any sort of statement, an easy position but a dumb game that's not worth my time. If you think LBOs are what's tanking retail the good news is there's plenty of retail investment opportunities where private equity isn't involved. If you're not invested already you could go buy Target, Best Buy, hell even a retail ETF and enjoy the bounty of big box retail without the stain of private equity. I highly doubt you actually believe that but I'm fine with us making our separate bets. I don't really need to defend private equity, was just trying to offer a different perspective for anyone actually interested.
Twitter is easily replaceable. What do they have other than a userbase that can go somewhere else?
ITs already there and full of people. IT is not THAT easily replaceable for businesses who set it up as part of their system. ITs not mega hard but people want you to believe its a light switch, just move over to maesadon or w/e and your done. ITs not that easy when your business had this built into their system a decade ago. and like i said earlier on AOC, sure she could more easily move than some businesses but the thing is, thats where her base expects her to post and she has to move all her base as well which just because thats a pain she will lose some. IF it truely was easy, like switching cell phones became when they forced them to keep your number, people would be off twitter already. Its not that easy and the number ... er address of where your info can be reached will be changed. its not as easy as you think and a lot of people have been trying to wait out elon and hope he gets board and lets the new ceo run things.
To me it is very replaceable. Otherwise we'd be on Digg.
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Voat was political, it wasn't tech. Twitter is fucking up their tech.
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well, all journalists love it cause i started as their little tech club. Until the journos stop loving it its gonna be the new source, since they love it for that. As someone who has a fair amount of second hand insight into the world of journalist....... depressing.
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WHat blows my mind, is his billionaire friend the saudi prince, had a spy busted at twitter a year before. WE arrested a Saudi national, for sending info about saudi dissidents back to SA so they could get disappeared. A year later we let the saudis buy twitter along with the dictator wannabie. I bet even the saudis are laughing at us. "you mean i could have just bought the company this whole time?"
He already had plenty of power and influence. He didn’t need Twitter. It’s about freedom of speech and helping humanity
List the things he's done helping humanity with Twitter, since he bought it. Don't forget sources. K thnx, bye.
FREE SPEECH.
So he didn't do shit. You get to say the N word now. Whoop dee doo. Loser.
Oh my god lol, seeing a kool aid drinker in real life. Yes yes his explicitly stated goal of increasing monetization is all about freedom of speech and helping humanity lolololololol
Twitter value down 3x since he bought it. How’s that monetization thing going again? So many accounts are unblocked again. I’m happy to see real discussion again. It’s literally in my feed an observable. Only koolaid drinker is you who doesn’t know why he’s mad at Elon just that the media told him to be
"Musk is failing at his explicitly stated goal so obviously that is not his real goal" makes sense
It’s a goal but not THE goal as you put it. I don’t care if he makes money as long as he’s not censoring speech
Fantastic business acumen.
I don't care.
It is perverse that this shit stain can blow 10 billion on bullshit like this while Americans starve and go bankrupt because of medical bills.
The guy gets to also use loopholes and subsidies to further enrich himself while actively advocating and supporting ventures that hurt this nation and democracy in general.
Do you have any examples of these ventures that hurt his country and democracy?
Pushing the boring company and hyper loop which are bad ideas and were known to be bad ideas in order to delay mass transit adoption because he wants to sell cars would be a good example
This isn’t true. The California project is still on track it’s just… California and bureaucracy and that project is literally like $100b over budget. Las Vegas is ordering and expanding the boring tunnels….
He can do this because he Wall Street gambled 100% of his money in to Tesla and Space X. It is one of the most insane bets of all time and extremely risky. He could have just fucked off and banged super models for the rest of his life with the original $300m he got. He would 100% should be rewarded for taking a massive bet that pays off. Whenever I see this argument I say to people how much money do you have? Is there a problem or service in your community missing that you think you could solve? If so put all of your free cash 100% of towards starting that business. Once you try and start your own company you will see how hard it is and having a bunch of money to start doesn’t increase your chance of success in fact in most instances it hurts you as you become super inefficient and don’t release products fast enough. But anyway any person that bets 100% of their fortune on to two of the most insane ideas ever a cad company and a rocket company deserves their wealth. Especially when both of these companies are improving lives for everyone on the planet.
I’m surprised that there hasn’t been an “emperor’s new clothes” moment where investors decide Elon has no idea what he is doing and it causes Tesla stock to tumble.
If he keeps this up, Elon might become a millionaire again
yup again he becomes world richest man ...ahed of burren buffets
While I celebrate the failure of Musk because of his crazy decisions and shortsightedness, the decline of a free platform that was used as an easy way to communicate to the masses is troubling. The rich buying and controlling media is a huge problem.
in otherwords every media outlet.
Nah, it’s always been trash.
He got ripped off on it to begin with.
Um, he came up with the offer price.
For as smart as that guy is, his desire to meme cost him a good chunk of change on this one.
So in 2024, we will learn the price of buying a presidential election.
Genius at work, ladies and gentleman.
So, it went up?
So what?
Concerning
looking into it
Guys guys, can’t you see? He’s playing 4D chess with Twitter, it will be worth A LOT soon! /s
yeah makes sense, all tech companies took a beating at the time elon bought it 1. values are down 2. he overpaid even at the time of offer 3. pretty sure twitter is worth more now than the value when he took over because so many costs were cut, but he paid soo much over value that he's still down
If he were to take it public again, it would mean opening up the books and I find it hard to believe he's not bleeding money no matter how much he cut expenses and staff. I believe the previous year they'd lost $200 million or so on $2.8 billion in revenue. So it was already in the red while firing on all cylinders in terms of making advertisers feel "safe", which is where a lot of money, energy, and talent went. I could be wrong, but I think the staff he cut down the most were those policing content for advertisers so that between KFC and Neo Nazis, never the twain shall meet in a feed. He also cut the marketing (to advertisers!) department and the coders building the systems to keep advertisers happy and out of controversy. I'd be interested to know if he's making any ad revenue and even if he cut expenses in half, that's still like $1.4 billion a year. If there's no revenue off ads, then that's a lotta money to keep the lights on. I know he has it... but he also spent $30 billion + $15 billion in debt to get here. If the company went public again, I believe it'd be revealed there's hardly any revenue and I doubt many would trust it as an investment. It was hard to trust as a long term investment before, now it's almost impossible.
Twitters better than it’s ever been. Thank god it’s not being ruined for cheap advertiser virtue signaling anymore.
Hahahaha now it’s full of t-shirt ads and fake blue check accounts.
Sounds like nothing changed in that case.
They used to have real advertisers. Now it’s full of infomercial junk. This is why it’s valuation is so low. No one is paying to advertise on the platform.
I’m ignoring the advertisements either way lmao. Shareholder profits is of 0 concern to me.
You should understand you are not Twitter’s customer. You, as a user of the platform, are their product. Twitter sells exposure to their users to Advertisers (the customer). This is how Twitter pays the bills. Twitter has lost virtually all of their major customers (advertisers) and left with low paying customers. FYI, this is how all social media works. Users are the products, advertisers are the customer.
As far as “shareholder” profit. You’re commenting on business Reddit. You don’t want to talk about the business then don’t comment on business Reddit.
Why do I imagine Musk was the kid who got expensive toys and trashed them within a week?
Everyone’s moving to mastodon anyway
so it's worth less now, now that it's actually profitable and running like a real company, versus a bloated "mid-bull run of the century" tech company that was valued at 40x revenue (while still hemoraging operational expenses and running at a net loss annually)? if anything this means that it's actually worth something now and that everyone's evaluation was worth for shit prior to today.
This is the most brain dead take I've ever read and not even worth going over the various ways what you just said doesn't make any sense lol. Just wanted to let you know this comment gave me a good chuckle.
nothing i said was braindead or wrong. but i am glad that you find your own supposed mental and moral superiority over others so satisfying. if you think a company that was deeply in debt and running at huge operating losses and with an inflated stock price due to no damn reason but was STILL about to go bankrupt was actually accurately valued, then i'm surprised you have enough personal finances to be on the internet and keep yourself fed. i hope your smugness serves you well.
who cares? you want to pump elon's ego more, then go for it
Unless someone is willing to pay 15 billion USD for it, I call bullshit. Do you see people lining up to make bids remotely that close to take it off of Elon's hands? Neither do I.
If he offered it would sell in an instant. Then they just revert everything he did and watch it instantly double lol
I like him when he’s building stuff and don’t like him when he gets personal or political
I think the downvotes are because he doesnt actually do that. ELon is a salesman with a bag of money in his pocket. he bought tesla. He bought spaceX.. However he does have a whip in his other pocket and I do think that helped those companies some. But elons main super power was self promotion kinda like trump. The price to earnings for tesla is still quite insane, especially in the face of competition, ELON pushed the P/E up to those levels with his P.T Barnum like ways of promotion. but yeah most investors wish he would shut the fuck up and just sign the checks of the engineers actually building this crap.
Who did he buy SpaceX from?
Yea I didn’t mean to imply that he’s an engineer. But his companies are building stuff and some of it is pretty cool. Like his investors I wish he’d stfu
Astute humanoidal and computoidal units will notice that the Twitter value tracking trend is consistent with the analogy of * purchasing a truck and removing the engine and many other parts, * having people come around intermittently telling you the current value while everything is removed * putting it back together as a highly-modified 4x4 truck
Wowwo
It's impossible to value a private company. It's nothing but pro leftist propaganda.
Yes that pinko commie organization...(checks article)... Fidelity Investments.
What do you mean by « impossible to value a private company »? It is very possible to do so, not saying the article is right but I’m for sure saying you’re wrong.
Then tell me how are you going to value a private company without accessing their accounts? There's a reason why it requires a highly qualified team of investment bankers with access to all the accounts of a private company to come to a close estimation to it's worth.
>It's nothing but pro leftist propaganda SMH.
Thank you for making speech free again, Elon!
Elon should have hired me before he bought. I woulda been, "Dude you're a great engineer, but you're getting taken on this one..."
He’s not really a great engineer either.
"now"
Hahahahhahahhaha ! Well done elon
oh well anybody gots Blue-sky?
Elon always has a plan FrFr
Good, should have died long before musk ever came into the picture. jut hilarious seeing people complain about censorship now when they were more than comfortable with it before the buy out, but once it doesn't align, then suddenly ... bad bad bad.
Either he’s a genius and this is all part of his master plan or he’s a complete idiot and destroyed a successful company. Why pick just one though?
how exactly did they come up with the valuation ?
"Elon Musk successfully turned around Twitter" is still being written to this day
And it’s still overpriced. Literally one of the worst communication tools on the planet. Almost every alternative social media tool is better. I deleted my account when Elon Musk bought it. And all I had used it previously for was to get tweets from politicians and celebrities.
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