cubby
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Post by cubby on Nov 1, 2022 13:19:58 GMT
I've bought 3 copies of Club magazine, I think that's it.
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Post by Reviewer on Nov 1, 2022 13:20:22 GMT
Musk is clearly a genius to spend $44bn on something that he has no idea how to monetise. Hopefully it collapses taking him with it.
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Post by drhickman1983 on Nov 1, 2022 13:20:25 GMT
Not sure why you'd buy porn mags, you can just find them discarded in the woods.
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Post by Jambowayoh on Nov 1, 2022 13:27:39 GMT
With laminate on it, too...
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cubby
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Post by cubby on Nov 1, 2022 13:31:04 GMT
I never went to the right woods  |
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Post by Leolian'sBro on Nov 1, 2022 13:38:41 GMT
Musk is clearly a genius to spend $44bn on something that he has no idea how to monetise. Hopefully it collapses taking him with it. Him and everybody else. Try a subscription Elon, that’ll definitely work. Frog faced egoprick. |
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Post by dfunked on Nov 1, 2022 13:40:30 GMT
Heh, he does have the look of a slimy little amphibian.
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Post by Duffking on Nov 1, 2022 13:47:43 GMT
nonono you don't understand, buying a business that you don't want with no plan to make it profitable and then just floating shit ideas before dickriding famous people's responses to those ideas is exactly why he's a genius
- some nerd, probably
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Post by Leolian'sBro on Nov 1, 2022 13:55:26 GMT
He bought something that has no proven business model which leads to profitability, paying 400% over the odds and using money borrowed against Tesla stock. Either this sinks him, or more likely the US Govt continues to prop up his failing ventures with giant bailout cheques while he fannies around pulling publicity pranks a 14 year old would cringe at.
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Post by GigaChad Sigma. on Nov 1, 2022 14:02:45 GMT
44 billion for the world's most important communitication app is pretty good value. Its worth isn't in the revenue it makes but the power it wields.
This is a tool used by the biggest businesses, political organisations and World Leaders. It's been influential in the removal and installation of politcal regimes. It's faster than tradional news outlets with a Global reach it's influence is massive.
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Bongo Heracles
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Post by Bongo Heracles on Nov 1, 2022 14:10:05 GMT
Which is fine for a nation state or something but for some dickhead trying to win capitalism for internet points, its hard to see what his return will be other than having @xxsniperhitler80085xx big him up on reddit.
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Post by Leolian'sBro on Nov 1, 2022 14:28:52 GMT
44 billion for the world's most important communitication app is pretty good value. Its worth isn't in the revenue it makes but the power it wields. This is a tool used by the biggest businesses, political organisations and World Leaders. It's been influential in the removal and installation of politcal regimes. It's faster than tradional news outlets with a Global reach it's influence is massive. Yes I agree, but he didn’t just pay $44bn of his own money. In order to buy Twitter he has leveraged his existing assets and borrowed from investors who expect a return. So he’s stuck in a situation where the asset he has bought is not going to provide the returns he needs, unless he fundamentally changes it. So he’s either going to piss off his investors, or wreck Twitter and then piss off his investors. Or find a way to make it work. Possible, but his current approach of having Tesla staff pull 12 hour overtime shifts to work on Twitter with their jobs on the line doesn’t sound like it. |
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Post by cristar on Nov 1, 2022 14:38:10 GMT
There is definitely genius somewhere in Musk. I'm not sure it's his ideas and inventions (Tesla, Space X, etc), but more his ability to amass ridiculous wealth off the back of products which are not worth anywhere near that amount. I don't know if he's the worlds biggest con man, the worlds best spokesman (unlikely), the world most valuable meme, or what. Wouldn't be surprised if Twitter is worth 500 billion in 5 years for no god damn reason at all.
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Youthist
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Post by Youthist on Nov 1, 2022 14:43:37 GMT
If by spokesman you mean mammoth cunt, then fully agree
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technoish
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Post by technoish on Nov 1, 2022 14:44:20 GMT
I'm surprised Tesla stock hasn't been hit, as the Twitter fiasco is a massive distraction for him.
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Post by Trowel 🏴 on Nov 1, 2022 14:47:40 GMT
I hear the Hyperloop is doing well in Brockway, Ogdenville and North Haverbrook.
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Post by Chopsen on Nov 1, 2022 14:48:14 GMT
The same Tesla which has lost ~42% of its share value over the last year you mean?
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Post by Leolian'sBro on Nov 1, 2022 14:49:42 GMT
Wouldn't be surprised if Twitter is worth 500 billion in 5 years for no god damn reason at all. Or zero. |
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Post by cristar on Nov 1, 2022 14:51:11 GMT
Wouldn't be surprised if Twitter is worth 500 billion in 5 years for no god damn reason at all. Or zero. Hopefully. |
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Bongo Heracles
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Post by Bongo Heracles on Nov 1, 2022 14:57:35 GMT
The same Tesla which has lost ~42% of its share value over the last year you mean? Ironically, it might do Tesla some good to have Elon concentrate on ruining twitter for a while |
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Post by Chopsen on Nov 1, 2022 15:00:28 GMT
There is definitely genius somewhere in Musk. I'm not sure it's his ideas and inventions (Tesla, Space X, etc), but more his ability to amass ridiculous wealth off the back of products which are not worth anywhere near that amount. I don't know if he's the worlds biggest con man, the worlds best spokesman (unlikely), the world most valuable meme, or what. Wouldn't be surprised if Twitter is worth 500 billion in 5 years for no god damn reason at all. I definitely agree with this. There's is a certain something about Musk, and it very much revolves around his personality and way he puts himself out there.
Point of order tho: he didn't invent Tesla. He got involved as a venture capitalist at a point where Tesla Motors (as it was then known) already had a prototype ready to be worked up after a couple of engineers left AC Propulsion after that company decided not to take that concept to market. Musk was rewarded for his money with a seat on the board of the recently established company, and the the engineers involved had previous experience in raising investor capital.
Not to dismiss what happened, because I do believe he has something unique to himself which contributed to Tesla's rise to prominence, but you can reduce his role to a bullshitter who got lucky with where he put his money. He has done it repeatedly and incrementally, starting off with setting up a small company with his dad's money and growing it from there.
Just by the nature of these things, it's going to fall apart at some point - it's inherently risky.
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Post by Leolian'sBro on Nov 1, 2022 15:08:33 GMT
He is an exceptional self-promoter and is very good at positioning himself. I don’t see how that translates to the returns he will need to generate, but he is certainly talented.
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geefe
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Post by geefe on Nov 1, 2022 15:20:00 GMT
I hear the Hyperloop is doing well in Brockway, Ogdenville and North Haverbrook. "Hyper" means quick and "loop" means loop |
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Post by khanivor on Nov 1, 2022 15:26:51 GMT
Musk was rich but nothing spectacular until the pandemic rolled around. That turned him into the richest in the world and all the attention such status gives you
Unfortunately for Musk, the attention has brought the fact that he’s a fucking muppet into stark relief
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cubby
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Post by cubby on Nov 1, 2022 15:26:54 GMT
But it's all just make believe meme stock prices that's made him so rich. He wasn't anywhere near the level of rich he is now until the pandemic happened and the rich received loads of hand outs from governments worldwide and decided to dump all that excess money into the stock market. Then the bitcoin bros on reddit saw another thing to jump on and everyone lost their collective minds thinking how tesla stock can only keep going up, in no small part because he himself is basically a reddit bro.
It's all just bullshit and hopefully now he's overexposed himself for all to see the truth. At least Jeff Bezos made something tangible that's in most people's lives for all that money he's made.
Edit: jinx khani
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Post by Jambowayoh on Nov 1, 2022 15:29:35 GMT
You can't really quantify the level of genius it requires to call someone rescuing some kids a pedo. A true savant.
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Post by GigaChad Sigma. on Nov 1, 2022 16:30:48 GMT
In a world where people pay millions for an Ape jpeg I'd say there's money to be made from Twitter.
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cubby
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Post by cubby on Nov 1, 2022 16:42:37 GMT
But he needs to make at least 2 billion, in profit not revenue, a year just to pay back what he's loaned. Its impossible. Twitter lost money this year and last year. It lost over 500m last year.
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Post by cristar on Nov 1, 2022 17:00:23 GMT
In a world where people pay millions for an Ape jpeg I'd say there's money to be made from Twitter. This is the same as Tesla shares though. Stupids thought they were onto a get rich with no effort scheme with those nonsense ape things. It's not impossible that he will find some obscene way to make money off it. But the whole throw money at shit in the hope of getting rich quick seems to have died, and been replaced with the whole can I afford to heat my house thing instead. |
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Bongo Heracles
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Post by Bongo Heracles on Nov 1, 2022 17:02:48 GMT
Its a really weird business model. It has a lot of users, so it costs a lot to keep them fed and watered, but its really hard to monetise them because, really, its just people shouting into the void so engagement for anything is really low.
I read a stat when the buyout was announced that 10% of users produce over 90% of the tweets so you have a hell of a lot of people who are, basically, worthless to them and would never pay for anything. So you have to hit the heavy users. Who produce all of your content...
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