Twitter and Musk

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

  1. gwb-trading

    gwb-trading

    #2351     Sep 29, 2023
    themickey likes this.
  2. gwb-trading

    gwb-trading

    Apparently, new Xitter CEO Linda Yaccarino didn't realize when accepting the job that being available 24/7 as Elmo's ritual humiliation doll would be her primary responsibility.

    The Chief Embarrassment Officer of X (Formerly Twitter)
    Linda Yaccarino keeps being humiliated on Elon Musk’s behalf.
    https://slate.com/technology/2023/0...-twitter-musk-chief-embarassment-officer.html
     
    #2352     Sep 29, 2023
  3. Mercor

    Mercor

    X Recaptures 90% of Top 100 Advertisers, CEO Linda Yaccarino Says
     
    Last edited: Sep 29, 2023
    #2353     Sep 29, 2023
  4. ids

    ids

  5. gwb-trading

    gwb-trading

    Should we start a countdown on how many days until Musk blames her for everything and fires her?

    Everything you need to know about X CEO Linda Yaccarino's disastrous interview
    The interview did not go well for the CEO of X (formerly Twitter), to say the least.
    https://mashable.com/article/twitter-x-ceo-linda-yaccarino-tech-conference-interview


    Twitter CEO Trying to Figure Out What to Tell Banks That Funded Elon's Disastrous Acquisition
    https://futurism.com/the-byte/twitter-ceo-tell-banks-funded-elon-disastrous-acquisition

    How about "You're F@cked".
     
    #2355     Oct 2, 2023
  6. vanzandt

    vanzandt

    Billionaire investor outlines plan to take one of Elon Musk's ventures public
    This hedge-fund titan said he would 'absolutely' consider a deal to take one of Musk's firms public.

    The billionaire investor Bill Ackman's firm, Pershing Square, received special regulatory approval Sept. 29 for a new investment vessel whose purpose is to invest in private companies in order to take them public.

    A few days later, he told The Wall Street Journal that he would "absolutely" consider such a transaction with Elon Musk's X, the social-media platform formerly known as Twitter.

    Ackman, who has around 800,000 followers on the platform, made a $10 million investment in Twitter through the Pershing Square Foundation when Musk acquired the platform last year.

    [​IMG]


    "The answer is I have a lot of respect for Musk. I think Twitter is a really important platform," Ackman told CNBC. "I think he's made tremendous improvements to the platform, and I think it's a unique, very difficult-to-disrupt, kind of asset and one that could grow."

    The famed investor has not spoken with X or Musk about a potential deal to take Twitter public. He said he's not sure whether this is something Musk would even be interested in.

    Musk purchased Twitter last year for $44 billion at the conclusion of a dramatic saga between him and the board and has since implemented a variety of updates to the platform, the most prominent of which changed the platform's iconic name and logo to "X."

    He has also rolled out subscription services, both to the platform as a whole and to individual creators, and has emphasized video, audio and long-form text enhancements as he seeks to compete with other prominent media outlets.

    [​IMG]


    Ackman has a plan for X
    Though Musk hasn't expressed any interest in working with Ackman to take X public, and despite the $13 billion in debt tacked to the company, Ackman has worked out a loose plan to make it happen, if Musk were interested.

    "What's interesting here is we could commit $2 billion to a transaction, set the rights price to $121 million, set it at $100 a share and announce a transaction," he said.

    "And then we tell the story and then the rights holders have a chance to decide whether to invest. As long as the rights have positive value, they're all going to get exercised and the IPO raises $13 billion."

    Ackman said he's not sure how much X is valued at today. Musk himself has said on multiple occasions that he knowingly overpaid for Twitter due to the importance of the platform.
     
    #2356     Oct 2, 2023
  7. gwb-trading

    gwb-trading

    So in summary... "The famed investor has not spoken with X or Musk about a potential deal to take Twitter public. He said he's not sure whether this is something Musk would even be interested in."
     
    #2357     Oct 2, 2023
  8. vanzandt

    vanzandt

    For all that alleged antisemitism you say is going on there, you'd think it would be the other way around... ie... Musk is not sure Ackman would be interested.

    Either way...
    :p
     
    #2358     Oct 2, 2023
  9. vanzandt

    vanzandt

    "Snap-X"
    Bye bye Tic-Toc
     
    #2359     Oct 2, 2023
  10. gwb-trading

    gwb-trading

    Ackman would solely be interested for buying Twitter for pennies on the dollar... and being sure Musk was forced out and never came near the platform again.

    I don't see Musk allowing this to happen... instead X/Twitter will decline over time and become the new MySpace.

    Keep in mind that in 2024, Twitter will not longer be able to service its debt (according to most projections).
     
    #2360     Oct 2, 2023