Clearly this man is the genius that the marketing department claims him to be.

These billionaire Ls are getting pretty sweet, I’m not gonna lie, even if the long term implications are probably not great.

Anyone know the best site to buy twitter accounts with og usernames?

Doubt it'll work for America. We really don't f*** with all-in-one ecosystems like that.

ive been trying to sell @mm to eminem for 10 years now for 500k hes not budging

Same. I want to change my official Twitter account to “DaFartKnocka”, but it was already taken.

those banks are gonna get that $13B + interest back somehow

“Hey Elon, how come you always seem to be sitting down in all your public appearances?”

What this mean? Explain this to me like I'm an idiot because I actually am no cap

debt paydown yield is the change in how much debt a company has outstanding relative to their market cap (overall value) between quarters of a year.

basically like, how well a company in handling paying debt vs taking on more debt relative to the company's actual overall valuation. if the yield is really high (say 20% or something), it means the company is paying off it's debt - the higher the number the more aggressive it's being paid off.

if it's negative, it means the debt is increasing relative to that percentage rather than being paid off. so basically, combined with losing money in quarters, twitter was also racking up debt rather than paying it off.

this isn't inherently a bad thing, companies have large amounts of outstanding debt all the time, but on top of this ever increasing debt twitter was also between quarters losing money - so their debt was being raised at the same time they were losing money.

then elon comes in and incurs basically a historic amount of debt on top of what was already in existence despite the company already having so much debt they weren't able to pay it off relative to what revenue they were making regardless

I appreciate the breakdown

So he basically bought a guitar with broken strings and that's on him to fix.

i don't think he's a complete idiot to walk into something with this many billions that misinformed. usually deals like this may have musk or whatever as figureheads, but it's really a large group of financers, advisors, etc. who convene to discuss this things - for example both the Saudi government & Larry Ellison (co-founder of Oracle) also helped finance this deal; it's not just musk. And this isn't counting probably the myriads of lawyers, accontants, etc. who had to look over documents. So this was all in the open, I highly doubt this caught him by surprise.

With that said, I wouldn't be surprised if they got strongarmed into the deal with not paying as much attention to debt relative to paperwork filing. Musk tried to drop the deal like a bunch of times and was taken to court over it, so it is possible he did panic at first before securing the co-financing.

However, incurring this much debt on top of such a poor business already really does show everyone involved in financing has ulterior motives (probably obvious but regardless) but the company is barely sustainable even w/o the additional debt no less with it now

The saudi goverment being involved in this cant be a good thing right?

theyre trying to emulate china's foreign investment strategy to compensate for oil markets slowly being phased out (on the super long term) so it's mainly a symptom of that, wouldn't overthink it

will he unban my foreskin posting account?

your what nigga?

Buzzwords

I hate how curious this has made me

He need to get his bad knees verified

4 or 5 of them don’t fit the mold to begin with.

you think elon walked in and turned on the 'allow slurs' switch? lol this has always been allowed

Haven’t been on Twitter since 2017. Will this be the time?

They got the best p***. Catch up

if you're still consumed by the culture wars of 2016-2018, then yeah probably. but if you're a normal person then nothing is really gonna change