Twitter and Musk

Discussion in 'Politics' started by VicBee, Oct 31, 2022.

  1. gwb-trading

    gwb-trading

    You appear to have forgotten these Taliban leaders are sanctioned and banned from the western banking systems and from doing business with U.S. based companies. How are these Taliban leaders paying for their monthly blue tick subscriptions. And why is Musk accepting money from them thus violating U.S. law.
     
    #1241     Jan 17, 2023
    Ricter and Frederick Foresight like this.
  2. Cuddles

    Cuddles

    Remember when MAGAtards made a big hoopla that ISIS had twitter and FB accounts and warned they were recruiting there? Pepperidge farms remembers.
     
    #1242     Jan 17, 2023
    Ricter and Frederick Foresight like this.
  3. You purposely missed my point completely.

    My point was that you somehow made it look like Elon's little blue tick feature enabled the Taliban to use twitter. But in fact they have been on there for years while Presidents, doctors etc who disagreed with the Beltway were banned. I am not going to go bad guy by bad guy on this twitter thing but it is well established that all of the scumbags of the international community were using it- long before Elon came along- and that was not an issue for your ilk.

    As I have said many times, Elon would be okay if he were still a democrat. That is the root cause of all your histrionics.


    ESOC Working Paper #30 - Powered by Twitter? The Taliban's Takeover of Afghanistan

    https://esoc.princeton.edu/WP30
     
    #1243     Jan 17, 2023
  4. Cuddles

    Cuddles

    Clear instance where gov. acted irresponsibly in twitter requests:

     
    #1244     Jan 17, 2023
  5. gwb-trading

    gwb-trading

    It appears you miss the point completely. The U.S. government and the western world does not have a problem with the Taliban and ISIS being on social media. It merely provided lots of data for intelligence agency to target the networks and their leaders -- and it is impossible to effectively stop these characters from being on the Internet. If they are banned from Twitter then they will just join some other network like Parler or Truth Social.

    The U.S. and western governments do have a problem with these sanctioning individuals transacting business on social networks such as Twitter such as paying the platform for services. These monetary transactions violate the law. And seeing that Musk's future plans including allowing Twitter users to send money to one another via the platform -- this means that Twitter will become a platform allowing the illegal funding of terrorists.
     
    #1245     Jan 17, 2023
  6. gwb-trading

    gwb-trading

    Remember to say goodbye to Twitter 2.0 -- the financial meltdown is arriving. The creditors want to be paid.

    With $1.5 billion bill due at month-end, Elon Musk’s options aren’t great
    Purchased for $44 billion, company is likely worth as little as $15 billion today.
    https://arstechnica.com/tech-policy...nt-leaves-elon-musk-with-unpalatable-options/

    The bill for Elon Musk’s purchase of Twitter is coming due, with the billionaire facing unpalatable options on the company’s enormous debt pile, ranging from bankruptcy proceedings to another costly sale of Tesla shares.

    Three people close to the entrepreneur’s buyout of Twitter said the first installment of interest payments related to $13 billion of debt he used to fund the takeover could be due as soon as the end of January. That debt means the company must pay about $1.5 billion in annual interest payments.

    The Tesla and SpaceX chief financed his $44 billion deal to take Twitter private in October by securing the huge debt from a syndicate of banks led by Morgan Stanley, Bank of America, Barclays, and Mitsubishi. The $13 billion debt is held by Twitter at a corporate level, with no personal guarantee by Musk.

    Since the takeover, Musk has raced to cut costs, such as firing half the company’s staff, while seeking new revenue streams, such as launching its Twitter Blue subscription service.

    The company’s dire finances—it made a loss of $221 million in 2021 before the acquisition and Musk has said revenues have declined since—have led the new owner to regularly raise the prospect that the company could crash into bankruptcy.

    How Musk deals with the looming interest payment is a crucial test of his leadership of Twitter, which has so far been marked by chaotic management that has alienated its corporate advertisers.

    “This company is like you’re in a plane that is headed towards the ground at high speed with the engines on fire and the controls don’t work,” Musk said last month.

    If Twitter did not make its first interest payment, it would join a small but notorious club of companies dubbed “NCAA” by debt traders—short for “no coupon at all”—that includes US car rental company Hertz and German payments group Wirecard.

    Such a default on its debt would probably result in Twitter’s management filing for bankruptcy, at which point the US courts would begin an expensive and bureaucratic debt restructuring process.

    Musk could avoid this fate by settling the interest from Twitter’s dwindling cash reserves or selling more equity in the company to fund the payments—both painful options. The business has a cash position of about $1 billion, Musk has said. He has also warned that its net cash outflow could be about $6 billion next year without additional cost-saving measures.

    Rising interest rates mean the debt will become more and more expensive, at the same time as Twitter’s enterprise value has been damaged.
     
    #1246     Jan 17, 2023
    Ricter likes this.
  7. Ricter

    Ricter

    Some say he'll be in business textbooks for decades to come.
    ;)
     
    #1247     Jan 17, 2023
  8. Yeah sure. "Goodbye to Twitter."

    Not going to be day in 2023 when you do not post at least four tweets.

    You have a symbiotic relationship with twitter. You and the other lefties. Bitch about twitter 24/7. And re-post tweets 24/7. What's wrong with that picture class?
     
    #1248     Jan 17, 2023
  9. gwb-trading

    gwb-trading

    Well you better get them in while you still can... before the bankers take over the platform after the bankruptcy proceedings.
     
    #1249     Jan 17, 2023
  10. Sure, let me know what they call it after the bankruptcy. You said "say goodbye to Twitter."

    Maybe you should start moving your life over to Truth Social then.
     
    #1250     Jan 17, 2023