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(The Daily Beast)   Did Elon Musk ever really want to buy Twitter, or was it all a "big fugazi" to give him an excuse to cash out a lot of Tesla stock without causing a panic?   (thedailybeast.com) divider line
    More: Interesting, Twitter, Elon Musk, big problems, Thing, Tesla stock, Tesla Motors, CNBC contributor Dan Nathan, private equity  
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3582 clicks; posted to Main » and Politics » on 13 May 2022 at 2:20 PM (9 days ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



179 Comments     (+0 »)
View Voting Results: Smartest and Funniest


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2022-05-13 1:06:54 PM  
The stock dropped by 1/3 due to this Twitter nonsense.  That would seem to be a bit of panic.
 
2022-05-13 1:08:25 PM  
Bezos regularly cashed out, and still cashes out, a couple of billion a year from Amazon without causing a panic.
 
2022-05-13 1:14:18 PM  
Any sufficiently advanced con is indistinguishable from market manipulation.
 
2022-05-13 1:24:37 PM  
yes
 
2022-05-13 1:27:45 PM  
"He's an asshole, but he can't possibly be stupid, too.

...right? 😅"
 
2022-05-13 1:32:07 PM  

syrynxx: The stock dropped by 1/3 due to this Twitter nonsense.  That would seem to be a bit of panic.


Yes, but now that the deal is off, you give those algos and options player an excuse to slam those $1,000 and $1,200 calls which will send the shares rocketing higher if the overall market kinds of calms down here.

He gets $8.4B in TSLA stock profit.. taxes are paid, he has $1B in cap losses from difference in share value from execution... he pays that $1b breakup fee and cashes out the TWTR shares at near what he paid for them.

And, as a bonus, he financially destroyed a company that he didn't like.
 
2022-05-13 1:42:12 PM  
Perfect example of a mouth writing checks that his wallet cannot cover.
 
2022-05-13 2:08:53 PM  

snocone: Any sufficiently advanced con is indistinguishable from market manipulation.


Nice post 👍
 
2022-05-13 2:22:35 PM  
I just don't think he's that smart.
 
2022-05-13 2:22:43 PM  
Or he knew that offering to buy Twitter opened them to scrutiny, and looking at what information they're claiming to justify their valuation.
 
2022-05-13 2:22:44 PM  
No, he's not a market manipulative supergenius.  He just wanted attention.
 
2022-05-13 2:23:44 PM  
a "big fugazi"
consequence.netView Full Size
Come on and get up...
 
2022-05-13 2:24:52 PM  
So now by not bringing back Trump....

Man he nailed it. He said he wanted to piss off both sides equally. The enemy of my enemy is my enemy
 
2022-05-13 2:25:16 PM  
Do pictures exist of this square-headed asshole where he doesn't look like a douchebag?

Fark user imageView Full Size
 
2022-05-13 2:26:11 PM  

whidbey: a "big fugazi"
[consequence.net image 354x199]Come on and get up...


Beat me to it
 
2022-05-13 2:27:10 PM  

Thingster: Or he knew that offering to buy Twitter opened them to scrutiny, and looking at what information they're claiming to justify their valuation.


Twitter's valuation is based on its stock price.
 
2022-05-13 2:27:34 PM  
I think the only things the man truly wants to do is send someone to Mars, and replace gas guzzling vehicles with electric cars.  Everything else is because he's bored.
 
2022-05-13 2:27:38 PM  

whidbey: a "big fugazi"
[consequence.net image 354x199]Come on and get up...


Waiting...
 
2022-05-13 2:27:44 PM  
Maybe if a few outlets would stop covering the tw*t's every tweet as if it were news, this wouldn't happen.
 
2022-05-13 2:28:34 PM  
Can't wait to hear Trump rage about this, since he won't be unbanned from something he claims he doesn't care about. Lmao. I'd buy Elon a beer for the troll factor.
 
2022-05-13 2:29:40 PM  
Oh what? Elon Musk playing games to get attention?

The hell you say.
 
2022-05-13 2:29:46 PM  
Maybe money shouldn't be the deciding factor for every farking thing.
 
2022-05-13 2:30:25 PM  
WHY ARE YOU ALL NOT AT WORK?! SLACKERS

"They won't just be burning the midnight oil, they will be burning the 3 am oil, they won't even leave the factory type of thing, whereas in America people are trying to avoid going to work at all,"

https://finance.yahoo.com/finance/news/elon-musk-tesla-boss-praises-182248534.html
 
2022-05-13 2:30:51 PM  

detonator: whidbey: a "big fugazi"
[consequence.net image 354x199]Come on and get up...

Beat me to it


But we are all GUILTY!
 
2022-05-13 2:31:22 PM  
His financiers realized that spending billions to buy the company and take it private was a losing proposition. Spending billions on a product that would quickly be worthless isn't really what sane people want to do.

His "there are HOW many bots?!" tweet was just to make it easier to swallow to his fans.
 
2022-05-13 2:31:31 PM  

iron_city_ap: Can't wait to hear Trump rage about this, since he won't be unbanned from something he claims he doesn't care about. Lmao. I'd buy Elon a beer for the troll factor.


now I want to see them fight. Trump calls Elon a "lowlife", Elon calls Trump a "pedo guy", let them have a schoolyard spat
 
2022-05-13 2:31:32 PM  
I think the moron was stupid enough to think it was a good idea.
 
2022-05-13 2:32:23 PM  
It's very obvious that the richest dumbass in the world regularly manipulates the markets because journalists fall for his dumb shiat
 
2022-05-13 2:34:07 PM  

Rapmaster2000: No, he's not a market manipulative supergenius.  He just wanted attention.


Counterpoint: Your a NPC sheeple
 
2022-05-13 2:34:15 PM  
I thought he just borrowed money against his holdings so he wouldn't have to pay taxes by selling?
 
2022-05-13 2:34:23 PM  

moothemagiccow: It's very obvious that the richest dumbass in the world regularly manipulates the markets because journalists fall for his dumb shiat


Pretty sure in an era where laws were enforced what he's just done is illegal.
 
2022-05-13 2:34:35 PM  
omg wow you guys hes like literally such a genus
 
2022-05-13 2:34:38 PM  

Squid_for_Brains: "He's an asshole, but he can't possibly be stupid, too.

...right? 😅"


Historically, he is a very smart man who is an expert in a few very specific and profitable fields, who frequently does not realize his level of ignorance in places outside his expertise, and will not hear criticism about gaps on his intelligence.  Like say if he were to become involved in an underwater cave rescue or something.
 
2022-05-13 2:34:55 PM  

Gubbo: Bezos regularly cashed out, and still cashes out, a couple of billion a year from Amazon without causing a panic.


14.1 billion in one go...?
 
2022-05-13 2:35:03 PM  

ElwoodCuse: now I want to see them fight.


Fark user imageView Full Size
 
2022-05-13 2:35:17 PM  
I don't think he's clever enough to run a pump-and-dump outsourced to the public. He wanted to buy Twitter in the same way a 5 year old wanted a piece of candy.
 
2022-05-13 2:35:57 PM  

Fereals: WHY ARE YOU ALL NOT AT WORK?! SLACKERS

"They won't just be burning the midnight oil, they will be burning the 3 am oil, they won't even leave the factory type of thing, whereas in America people are trying to avoid going to work at all,"

https://finance.yahoo.com/finance/news/elon-musk-tesla-boss-praises-182248534.html


I'm sure in short order conservatives will be parroting his talking points. They already worship the Russian way of life, why not climb on top of China's dick too?
 
2022-05-13 2:36:08 PM  

Thingster: Or he knew that offering to buy Twitter opened them to scrutiny, and looking at what information they're claiming to justify their valuation.


Certainly, there was no scrutiny of twitter until Elon Musk said something.
 
2022-05-13 2:36:42 PM  

bluorangefyre: I think the only things the man truly wants to do is send someone to Mars, and replace gas guzzling vehicles with electric cars.  Everything else is because he's bored.


I think he wants to create self driving cars. If he cared gas guzzling, he wouldn't commute by private air plane.
 
2022-05-13 2:37:42 PM  
Fugazi-Waiting room
Youtube cMOAXm94VWo
 
Xai
2022-05-13 2:38:06 PM  

J45Picker: Do pictures exist of this square-headed asshole where he doesn't look like a douchebag?

[Fark user image 352x399]


I'm sure someone photoshopped some
 
2022-05-13 2:38:54 PM  
Sounds like he wasn't getting any and he needed to swing his teeny little dick around
 
2022-05-13 2:38:56 PM  
Fugazi - Waiting Room
Youtube SGJFWirQ3ks
 
2022-05-13 2:39:48 PM  

J45Picker: Do pictures exist of this square-headed asshole where he doesn't look like a douchebag?

[Fark user image image 352x399]


Maybe this one?
nypost.comView Full Size


No, I suppose he's still a douchebag in that one. Continue the research.
 
2022-05-13 2:39:54 PM  
Can the board at Tesla not remove him as CEO?  With all his SEC scrutiny alone, they should have cause to.
 
2022-05-13 2:41:47 PM  

atomic-age: Maybe money shouldn't be the deciding factor for every farking thing.


Are you some sort of commie?

Or even worse, possess a tiny bit of empathy?
 
2022-05-13 2:42:24 PM  
I think Elon Musk acted on impulse and then his ego wouldn't let him back down. So naturally he just hammered together a bullshiat excuse, takes his lumps and goes home.
He can't afford to buy Twitter. Not now anyway
 
2022-05-13 2:42:26 PM  

iaazathot: Gubbo: Bezos regularly cashed out, and still cashes out, a couple of billion a year from Amazon without causing a panic.

14.1 billion in one go...?


He sold 11billion earlier this year or late last year to cover a tax bill.
 
2022-05-13 2:44:21 PM  
It's such a fine line between stupid and clever.
 
2022-05-13 2:44:48 PM  
encrypted-tbn0.gstatic.comView Full Size
 
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