Progressives Panic at Twitter

[gowlerk 2,093]

45 minutes ago, SkyDekker said:

Right now you could make a 20% return if you believe Musk is going to close on the Twitter deal.

Money talks, bullshit walks. Or you could lose 30% if the deal fails and the price drops to where it was before he pumped it up.

Edited May 12, 2022 by gowlerk

[SkyDekker 1,287]

1 hour ago, gowlerk said:

Or you could lose 30% if the deal fails and the price drops to where it was before he pumped it up.

Thank you captain obvious. A 20% risk premium is the market loudly signaling they do not believe this deal will close. Usually you would see this delta at 5% or less.

[gowlerk 2,093]

8 minutes ago, SkyDekker said:

Thank you captain obvious. A 20% risk premium is the market loudly signaling they do not believe this deal will close. Usually you would see this delta at 5% or less.

So, are you in for the gamble?

[SkyDekker 1,287]

1 minute ago, gowlerk said:

So, are you in for the gamble?

Nope, I don't think the deal will close. Said early on this was a pump and dump. Personally I think the Twitter board called his bluff and he is in a bit of a bind now.

[gowlerk 2,093]

3 minutes ago, SkyDekker said:

Nope, I don't think the deal will close. Said early on this was a pump and dump. Personally I think the Twitter board called his bluff and he is in a bit of a bind now.

And that's what I thought as well. The world of finance is very far away from my experience. But there seems to be strong backing being lined up. If it were not for the current general tech market decline I would be more inclined to believe in the deal.

 

https://www.bloomberg.com/news/articles/2022-05-05/elon-musk-secures-7-2-billion-in-new-financing-for-twitter-deal

[headoverheels 327]

8 hours ago, SkyDekker said:

Right now you could make a 20% return if you believe Musk is going to close on the Twitter deal.

Musk will negotiate a lower price, if the deal closes at all.

[gowlerk 2,093]

48 minutes ago, headoverheels said:

Musk will negotiate a lower price, if the deal closes at all.

Both sides have agreed to a $1 Billion withdrawal fee.

[ryoder 1,546]

Just now, gowlerk said:

Both sides have agreed to a $1 Billion withdrawal fee.

Hey! If that happens, maybe Twitter can actually post a profit this year!

[headoverheels 327]

10 minutes ago, gowlerk said:

Both sides have agreed to a $1 Billion withdrawal fee.

That doesn't even come to 3% of the share price -- down 4x that in the past week.

[JoeWeber 2,561]

9 hours ago, gowlerk said:

And that's what I thought as well. The world of finance is very far away from my experience. But there seems to be strong backing being lined up. If it were not for the current general tech market decline I would be more inclined to believe in the deal.

 

https://www.bloomberg.com/news/articles/2022-05-05/elon-musk-secures-7-2-billion-in-new-financing-for-twitter-deal

70 Million Trump lovers equals 140 Million +/- eyeballs. That's a lot of looks to sell to advertisers. 

[Stumpy 282]

6 hours ago, JoeWeber said:

70 Million Trump lovers equals 140 Million +/- eyeballs. That's a lot of looks to sell to advertisers. 

considerably fewer than 70 million functioning brains though....

[JoeWeber 2,561]

1 hour ago, Stumpy said:

considerably fewer than 70 million functioning brains though....

Well, there is that.

[gowlerk 2,093]

19 hours ago, SkyDekker said:

Nope, I don't think the deal will close. Said early on this was a pump and dump. Personally I think the Twitter board called his bluff and he is in a bit of a bind now.

Well then......you are looking better at predictions this morning.

https://www.cbc.ca/news/business/elon-musk-twitter-deal-on-hold-1.6451942

[ryoder 1,546]

1 hour ago, gowlerk said:

Well then......you are looking better at predictions this morning.

https://www.cbc.ca/news/business/elon-musk-twitter-deal-on-hold-1.6451942

He needs to build a believable story for his backout, so it doesn't look so much like a pump & dump.

[gowlerk 2,093]

4 minutes ago, ryoder said:

He needs to build a believable story for his backout, so it doesn't look so much like a pump & dump.

He may end up having a hard time dumping at a profit.

[ryoder 1,546]

14 minutes ago, gowlerk said:

He may end up having a hard time dumping at a profit.

That would be a shame.

[ryoder 1,546]

Title of new Gizmodo article this morning:

Elon Musk Says Deal to Buy Twitter Is Temporarily 'On Hold', Surprising No One

LOL!

[billvon 2,716]

59 minutes ago, ryoder said:

Title of new Gizmodo article this morning:

Elon Musk Says Deal to Buy Twitter Is Temporarily 'On Hold', Surprising No One

LOL!

Going to have a lot of crying conservatives out there today.

[SkyDekker 1,287]

1 hour ago, ryoder said:

He needs to build a believable story for his backout, so it doesn't look so much like a pump & dump.

His argument is that there might be too many fake accounts. So the virtual "town square" that is so influential that it is hindering the right wing and needs to be protected at all costs, is made up of too many fake accounts......

[gowlerk 2,093]

5 hours ago, SkyDekker said:

His argument is that there might be too many fake accounts. So the virtual "town square" that is so influential that it is hindering the right wing and needs to be protected at all costs, is made up of too many fake accounts......

Yeah, that. And of course the fact that he over valued it and can't admit to an error.

[wolfriverjoe 1,460]

Although it lists a start date back in February, I had not seen or heard of this before.
It popped up as an ad on FB.

Apparently Musk is going to finance his takeover of Twitter with his own crypto currency.

On the plus side, purchase 1000 'space ex coins' (right now, about $1400) and you get a flamethrower.
Really.

 

https://spacextoken-project.web.app/

[headoverheels 327]

1 hour ago, wolfriverjoe said:

https://spacextoken-project.web.app/

What does "travel the space" mean?

 

[ryoder 1,546]

Another theory on the real purpose of Musk's actions:

What if Elon Musk’s Twitter Grab Is All ‘a Big Fugazi’?

CNBC contributor Dan Nathan joins the latest New Abnormal to explain why he thinks Musk has “used it as a big ruse, as an excuse to sell a lot of Tesla stock.”

[ryoder 1,546]

For Musk to bail out of the deal is more complicated than just paying the $1B:

CNBC: Elon Musk can’t just walk away from his Twitter deal by paying a $1 billion breakup fee

[metalslug 31]

On 5/14/2022 at 1:22 AM, billvon said:

Going to have a lot of crying conservatives out there today.

Well, not that person, as you've curiously used a photo of a crying lefty.