I said yesterday that Musk wants to leave those shit-holes and is vacating. I also said that the lawyers need to work out what the settlement is or the court needs to. Then Elon needs to pay up and move on or follow any court order. Don't know what I can add to that for you. It's rough process but he is vacating shit-cities.
So Musk -- after demanding everyone get back in the office -- is going to have people work from home because he is getting evicted. So tell us -- where is Musk going to move the company to and actually be able to attract people who are competent in keeping the servers up. Let's take a look at his most recent server failures with worldwide outages. It Took Just Four Days From Elon Gleefully Admitting He’d Unplugged A Server Rack For Twitter To Have A Major Outage https://www.techdirt.com/2022/12/29...rver-rack-for-twitter-to-have-a-major-outage/ Some text from the article: Separately, there have been reports that Musk decided (with little to no notice, and almost no planning) to shut down its Sacramento data center and massively downsize their Atlanta data center. Twitter only has one other data center in the US, in Portland, Oregon. Twitter’s use of data centers rather than the cloud is something that’s been discussed over the years, and two years ago the company did sign a deal to start using Amazon Web Services, though I don’t think the company relies too heavily on it yet, and the first link in this paragraph notes that Elon has been trying to renegotiate the AWS contract as well (which might mean he’s also stopped paying the bills as he seems to have done that with many vendors as part of his “renegotiation” efforts). Separately, I’ve heard from three separate people that Elon more or less ordered the shutdown of the an entire data center (presumably the Sacramento one) with basically one day’s notice and no planning. And, with that in mind, I’ll remind people that one part of former Twitter security chief Peiter “Mudge” Zatko’s whistleblower report noted that the company had a deep need for more redundancy, not less: Insufficient data center redundancy, without a plan to cold-boot or recover from even minor overlapping data center failure, raising the risk of a brief outage to that of a catastrophic and existential risk for Twitter’s survival That report also presented a redacted version of the “threat matrix” Mudge claims he wanted to show the Board, though was urged only to give a high level overview, orally, rather than present a more complete written report. It again notes that a data center failure could be catastrophic.
Elon is going to do whatever he is going to do. That should be about as clear as day by now for those who are slow on the uptake. The lefties made it clear that they were all going to run for the exits and go to Hive and Mastodon or whatever the alternative is. Howz that coming along? Frigging Mastodon is just a free-floating network of servers not owned by any one central company or entity. Heh. Go for it.' You act as though Twitter is still some kind of public utility and that all employees are government employees which is consistent with your Department of Motor Vehicles employee sense of how capitalism and private ownership should work. Elon took a bath when he bought Twitter. But he did buy it and he is stripping it all the back to the basics which does not leave much room for most of the employees or for the offices in shit-hole cities. His choice. Not yours. Go to the other twitter alternatives.
So tell us how running a business like Trump is appropriate. Is not paying vendors appropriate? Is withholding employee severance in violation of state law appropriate? Is this a proper way to run a business -- without any ethics or integrity?
Elon is in a bad cash and cash flow position. Just as he was in 2008 when both Tesla and SpaceX were two weeks away from going belly up and when Elon had injected all of the 180 million he got from Paypal into those companies and was flat broke. And on top of that the national economy was collapsing too. I am not going to whine along with you from one little whiny scenario to the next. The life of a world-class entrepreneur and an alpha male is untidy and not pretty sometimes/often and cannot be understood from your soy-centric, beta male worldview. GREAT TIME TO BE JOINING TWITTER.
Could be but, as the expression goes, "you are talkin' your book." Not that that is a bad thing. Just that it is so.
Also talking a book that dropped ffffrom $180 to $120 and took half off... but putting aside political love for Musk....TSLA is no longer worth what it was projected to be and even more so if Musk keeps ignoring it. If he bought twitter and simply owned it rather than making it a political issue then there woukd be little blowback...but distracted unhinged CEOs make the best shorting candidates . We all know he overpaid and it takes a lot to make that up. At least when Bezos bought Whole Foods it was integrated into Amazons delivery system and prices came down on a lot of WF items. Musk has no integration strategy here. Which means a poor focus and distraction while TSLA deals with increasing competition and that self driving blowback. Add in a possible slowing economy and slow down in luxury items there is certainly more room to fall. The more Musk focuses on twitter the more it drags out these tsla issues. This was a good fundamental short of tsla and twitter by proxy in a way.... So i think I had quite a bit of solid fundamentals to short tsla and as of now, they have not gone away just yet. January could be bumpy!
Oh, quite so. Tesla did not/ is not shutting their Shanghai factory down because everyone in China is pissed that Elon is in trouble with Twitter. Duh! Even though the usual suspects want it to be so. In addition to the fundamentals, the reality is that the herd has been shorting it all year. It is the most shorted symbol in the market. So that alone creates a reality of its own.