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(Ars Technica)   It's beginning to look like Elon might not be the genius he thinks he is   (arstechnica.com) divider line
    More: Obvious, Stock market, Elon Musk, Twitter, Twitter's stock price, Stock, Musk's behavior, Twitter investor, Due diligence  
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2412 clicks; posted to Business » on 28 May 2022 at 1:14 PM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2022-05-28 10:59:02 AM  
He appears to be operating under the assumption that he is above the law. Until he actually gets convicted of something and receives a meaningful punishment, I'm going to have to concede that he seems to be right.

Mind you, it doesn't take a genius to conclude this. Every idiot with money seems to have worked this out.
 
2022-05-28 11:15:18 AM  
Elon messed with rich peoples money.  Almost anything is allowed in America except for that.  For that you will pay.
 
2022-05-28 11:49:27 AM  
This was an article made for Ric
 
2022-05-28 12:20:45 PM  

HugeMistake: He appears to be operating under the assumption that he is above the law. Until he actually gets convicted of something and receives a meaningful punishment, I'm going to have to concede that he seems to be right.

Mind you, it doesn't take a genius to conclude this. Every idiot with money seems to have worked this out.


To the rich, "meaningful punishment" is a huge loss of cash. I think Elon's Twitter adventure is going to personally cost him well over a billion. While he'll still be rich, no one loses 1000 Million dollars without feeling a sting.
 
2022-05-28 12:26:32 PM  

Private_Citizen: HugeMistake: He appears to be operating under the assumption that he is above the law. Until he actually gets convicted of something and receives a meaningful punishment, I'm going to have to concede that he seems to be right.

Mind you, it doesn't take a genius to conclude this. Every idiot with money seems to have worked this out.

To the rich, "meaningful punishment" is a huge loss of cash. I think Elon's Twitter adventure is going to personally cost him well over a billion. While he'll still be rich, no one loses 1000 Million dollars without feeling a sting.


Yeah they do. The fortunes of Musk and Bezos vary by that much on even a small change in share price.

You just aren't appreciating how much wealth these people have.
 
2022-05-28 1:39:07 PM  
Ain't nothin' gunna happen

/Borrowed from Politics tag
 
2022-05-28 1:50:16 PM  

Marcus Aurelius: Elon messed with rich peoples money.  Almost anything is allowed in America except for that.  For that you will pay.


True that my son
---Yoda
 
2022-05-28 1:52:05 PM  

Marcus Aurelius: Elon messed with rich peoples money.  Almost anything is allowed in America except for that.  For that you will pay.


Thats why bernie madoff went to prison so fast.

If he had stolen from the riffraff hed still be on appeal to this day
 
2022-05-28 1:52:29 PM  
Oh what are they going to do--fine him?  Because we know he's never going to jail.
 
2022-05-28 1:54:06 PM  

HugeMistake: He appears to be operating under the assumption that he is above the law. Until he actually gets convicted of something and receives a meaningful punishment, I'm going to have to concede that he seems to be right.

Mind you, it doesn't take a genius to conclude this. Every idiot with money seems to have worked this out.


Elon is an engineer who inherited money.

He was never a genius.  Thats just press talk bullshiat
 
2022-05-28 1:55:11 PM  

Marcus Aurelius: Elon messed with rich peoples money.  Almost anything is allowed in America except for that.  For that you will pay.


But are the people whose money he messed with richer than he is? Because if they aren't, the worst possible punishment he'll face is a fine for an amount less than the profit he made by messing with their money.

"Punishable by a fine" means "legal for a price."
 
2022-05-28 2:04:55 PM  
No shiat
 
2022-05-28 2:07:01 PM  

Linux_Yes: HugeMistake: He appears to be operating under the assumption that he is above the law. Until he actually gets convicted of something and receives a meaningful punishment, I'm going to have to concede that he seems to be right.

Mind you, it doesn't take a genius to conclude this. Every idiot with money seems to have worked this out.

Elon is an engineer who inherited money.

He was never a genius.  Thats just press talk bullshiat


He isn't even an engineer. He has dual undergrad degrees from UPenn. A BA in physics and and a BS in economics.
 
2022-05-28 2:16:55 PM  
Musk is the tech industry's Trump: he isn't a tech guru, he just plays one on TV.

https://www.cracked.com/blog/why-it-was-always-dumb-to-worship-elon-musk-as-savior
 
2022-05-28 2:22:43 PM  
And earlier in the week he was whining about population in decline in some countries. Well ahole kids are expensive and people don't want to raise another generation of consumers for you and your useless ilk to leech off of.
 
2022-05-28 2:41:15 PM  

HugeMistake: He appears to be operating under the assumption that he is above the law. Until he actually gets convicted of something and receives a meaningful punishment, I'm going to have to concede that he seems to be right.

Mind you, it doesn't take a genius to conclude this. Every idiot with money seems to have worked this out.


He thinks. maybe, that because he is as big an asshole as Trump that he has the Trump magic of freedom from consequences.
I don't think Donnie's policy covers Elon.
We'll see, I guess.
 
2022-05-28 2:49:23 PM  
And I thought Apartheid was the one bad thing I knew about South Africa. Then along comes Elon Musk.
 
2022-05-28 3:10:10 PM  

Private_Citizen: HugeMistake: He appears to be operating under the assumption that he is above the law. Until he actually gets convicted of something and receives a meaningful punishment, I'm going to have to concede that he seems to be right.

Mind you, it doesn't take a genius to conclude this. Every idiot with money seems to have worked this out.

To the rich, "meaningful punishment" is a huge loss of cash. I think Elon's Twitter adventure is going to personally cost him well over a billion. While he'll still be rich, no one loses 1000 Million dollars without feeling a sting.


He stands to lose a lot more than a billion. He's contractually obligated to buy Twitter in the terms of the contract as signed. He tried to weasel his way out but already declined to consider the issue for his weaseling -- it won't matter.

Now, Twitter might get so tired of him, they may let him walk away for that billion, but as this law suit shows, general Twitter investers may not let him go.

His problem is that Tesla has tanked. Much of his 'wealth' is those terms of how people are 'wealthy' nowadays -- just stock prices. It's generally bullshiat. He'll walk away from Twitter, and the fines and settlements won't be too too bad, but he'll still need to pay them, he'll not get Twitter, and Tesla's stock may never recover. So... poof goes his valuation.
 
2022-05-28 3:23:31 PM  

Scorpitron is reduced to a thin red paste: Private_Citizen: HugeMistake: He appears to be operating under the assumption that he is above the law. Until he actually gets convicted of something and receives a meaningful punishment, I'm going to have to concede that he seems to be right.

Mind you, it doesn't take a genius to conclude this. Every idiot with money seems to have worked this out.

To the rich, "meaningful punishment" is a huge loss of cash. I think Elon's Twitter adventure is going to personally cost him well over a billion. While he'll still be rich, no one loses 1000 Million dollars without feeling a sting.

He stands to lose a lot more than a billion. He's contractually obligated to buy Twitter in the terms of the contract as signed. He tried to weasel his way out but already declined to consider the issue for his weaseling -- it won't matter.

Now, Twitter might get so tired of him, they may let him walk away for that billion, but as this law suit shows, general Twitter investers may not let him go.

His problem is that Tesla has tanked. Much of his 'wealth' is those terms of how people are 'wealthy' nowadays -- just stock prices. It's generally bullshiat. He'll walk away from Twitter, and the fines and settlements won't be too too bad, but he'll still need to pay them, he'll not get Twitter, and Tesla's stock may never recover. So... poof goes his valuation.


He cashed out over $8bn of his stock before it tanked though......interesting timing
 
2022-05-28 3:25:18 PM  

groppet: And earlier in the week he was whining about population in decline in some countries. Well ahole kids are expensive and people don't want to raise another generation of consumers for you and your useless ilk to leech off of.


Nevermind that Tesla has a history of laying off workers that use maternity leave

https://www.theguardian.com/technology/2019/jul/09/tesla-workers-terminated-claim-maternity-sick-leave
 
2022-05-28 3:47:20 PM  
Elon musk is still alive?
 
2022-05-28 4:09:34 PM  
Fark user imageView Full Size
 
2022-05-28 4:53:56 PM  

Marcus Aurelius: Elon messed with rich peoples money.  Almost anything is allowed in America except for that.  For that you will pay.


Doubtful, this will get tied up in court for years and at best he'll get a slap on the wrist and they will settle outside court for very minor damages because that's always how it goes.
 
2022-05-28 5:53:32 PM  

Gubbo: Private_Citizen: HugeMistake: He appears to be operating under the assumption that he is above the law. Until he actually gets convicted of something and receives a meaningful punishment, I'm going to have to concede that he seems to be right.

Mind you, it doesn't take a genius to conclude this. Every idiot with money seems to have worked this out.

To the rich, "meaningful punishment" is a huge loss of cash. I think Elon's Twitter adventure is going to personally cost him well over a billion. While he'll still be rich, no one loses 1000 Million dollars without feeling a sting.

Yeah they do. The fortunes of Musk and Bezos vary by that much on even a small change in share price.

You just aren't appreciating how much wealth these people have.


Meaningful punishment needs to be serving time, like Martha Stewart. However money he has, he only gets the same amount of time as the rest of us, he can't make more of it, and he'll never get it back.
 
2022-05-28 6:16:19 PM  

Linux_Yes: HugeMistake: He appears to be operating under the assumption that he is above the law. Until he actually gets convicted of something and receives a meaningful punishment, I'm going to have to concede that he seems to be right.

Mind you, it doesn't take a genius to conclude this. Every idiot with money seems to have worked this out.

Elon is an engineer who inherited money.

He was never a genius.  Thats just press talk bullshiat


He has money and he has some engineering smarts and he's not afraid to take risks.

But once the big players start REALLY making electric cars, he's toast.
 
2022-05-28 6:17:24 PM  

dsmith42: Linux_Yes: HugeMistake: He appears to be operating under the assumption that he is above the law. Until he actually gets convicted of something and receives a meaningful punishment, I'm going to have to concede that he seems to be right.

Mind you, it doesn't take a genius to conclude this. Every idiot with money seems to have worked this out.

Elon is an engineer who inherited money.

He was never a genius.  Thats just press talk bullshiat

He isn't even an engineer. He has dual undergrad degrees from UPenn. A BA in physics and and a BS in economics.


A BS in physics requires many of the same classes an engineer takes and a similar mindset.

Flag on the play.
 
2022-05-28 6:27:56 PM  

paulleah: dsmith42: Linux_Yes: HugeMistake: He appears to be operating under the assumption that he is above the law. Until he actually gets convicted of something and receives a meaningful punishment, I'm going to have to concede that he seems to be right.

Mind you, it doesn't take a genius to conclude this. Every idiot with money seems to have worked this out.

Elon is an engineer who inherited money.

He was never a genius.  Thats just press talk bullshiat

He isn't even an engineer. He has dual undergrad degrees from UPenn. A BA in physics and and a BS in economics.

A BS in physics requires many of the same classes an engineer takes and a similar mindset.

Flag on the play.


I'm going to question that play. He has a BA in physics.
 
2022-05-28 6:45:09 PM  
i.gifer.comView Full Size
 
2022-05-28 7:39:33 PM  

paulleah: Linux_Yes: HugeMistake: He appears to be operating under the assumption that he is above the law. Until he actually gets convicted of something and receives a meaningful punishment, I'm going to have to concede that he seems to be right.

Mind you, it doesn't take a genius to conclude this. Every idiot with money seems to have worked this out.

Elon is an engineer who inherited money.

He was never a genius.  Thats just press talk bullshiat

He has money and he has some engineering smarts and he's not afraid to take risks.

But once the big players start REALLY making electric cars, he's toast.


Does he? As far as I can tell all that he has is money, a taste for ridiculous self-promotion, an unpleasant personality coupled with a worrying Twitter addiction and a skill for wildly overinflating the stock value of his companies. Which makes him basically Donald Trump but running a different scam and with a different yet equally deluded fanbase.
 
2022-05-28 10:45:42 PM  

janzee: [i.gifer.com image 480x270]


Elon Musk isn't Tony Stark.

He's Justin Hammer without the charisma.
 
2022-05-29 12:39:04 AM  
He comes from Privilege and thinks  he is entitled. First with a mass produced 'lectric cars. Cheap and flimsy. When real car companies get in competition, Tesla is history. He is an arrogant Pr*#k.
So entitled he doesn't know what he doesn't know. A most dangerous rich, rich man. Too much consolidated  money; a prime reason to tax the ultra wealthy. No individual should have that much clout and influence. Of course he manipulates markets...he can.
 
2022-05-29 2:27:33 AM  
It's beginning to look like Elon might not be the genius he thinks he is

Why, because somebody is sueing him? That's a normal day in the life of a billionaire.
 
2022-05-29 6:32:12 AM  

paulleah: dsmith42: Linux_Yes: HugeMistake: He appears to be operating under the assumption that he is above the law. Until he actually gets convicted of something and receives a meaningful punishment, I'm going to have to concede that he seems to be right.

Mind you, it doesn't take a genius to conclude this. Every idiot with money seems to have worked this out.

Elon is an engineer who inherited money.

He was never a genius.  Thats just press talk bullshiat

He isn't even an engineer. He has dual undergrad degrees from UPenn. A BA in physics and and a BS in economics.

A BS in physics requires many of the same classes an engineer takes and a similar mindset.

Flag on the play.


Good point, if he had gotten a BS in physics.
 
2022-05-29 7:09:54 AM  

Linux_Yes: HugeMistake: He appears to be operating under the assumption that he is above the law. Until he actually gets convicted of something and receives a meaningful punishment, I'm going to have to concede that he seems to be right.

Mind you, it doesn't take a genius to conclude this. Every idiot with money seems to have worked this out.

Elon is an engineer who inherited money.

He was never a genius.  Thats just press talk bullshiat


He's not an engineer.  He's got a Bachelor of Arts in physics, and a Bachelors of Science in economics.  Apparently math/science courses were too difficult for his physics degree, and humanities courses were too difficult for his economics degree.
 
2022-05-29 7:38:50 AM  

Gordon Bennett: paulleah: Linux_Yes: HugeMistake: He appears to be operating under the assumption that he is above the law. Until he actually gets convicted of something and receives a meaningful punishment, I'm going to have to concede that he seems to be right.

Mind you, it doesn't take a genius to conclude this. Every idiot with money seems to have worked this out.

Elon is an engineer who inherited money.

He was never a genius.  Thats just press talk bullshiat

He has money and he has some engineering smarts and he's not afraid to take risks.

But once the big players start REALLY making electric cars, he's toast.

Does he? As far as I can tell all that he has is money, a taste for ridiculous self-promotion, an unpleasant personality coupled with a worrying Twitter addiction and a skill for wildly overinflating the stock value of his companies. Which makes him basically Donald Trump but running a different scam and with a different yet equally deluded fanbase.


The man invented forward momentum and the toothbruth, I think he'll be just fine.
 
2022-05-29 9:55:41 AM  
Beginning?
 
2022-05-29 10:02:35 AM  

born_yesterday: Gordon Bennett: paulleah: Linux_Yes: HugeMistake: He appears to be operating under the assumption that he is above the law. Until he actually gets convicted of something and receives a meaningful punishment, I'm going to have to concede that he seems to be right.

Mind you, it doesn't take a genius to conclude this. Every idiot with money seems to have worked this out.

Elon is an engineer who inherited money.

He was never a genius.  Thats just press talk bullshiat

He has money and he has some engineering smarts and he's not afraid to take risks.

But once the big players start REALLY making electric cars, he's toast.

Does he? As far as I can tell all that he has is money, a taste for ridiculous self-promotion, an unpleasant personality coupled with a worrying Twitter addiction and a skill for wildly overinflating the stock value of his companies. Which makes him basically Donald Trump but running a different scam and with a different yet equally deluded fanbase.

The man invented forward momentum and the toothbruth, I think he'll be just fine.


Kiss Kiss Bang Bang - I invented dice
Youtube 1Q8MkL6PSJU

\warning: brief nsfw shot of boobies in the video
 
2022-05-29 3:58:50 PM  
At this point, it's Twitter investors against Elon. He signed a contract agreeing to buy the company for X price per share. The fact that the price is now lower is not their problem, big money would be more than happy to unload Twitter shares at a legally guaranteed profit.
 
2022-05-29 5:04:55 PM  

Snarcoleptic_Hoosier: At this point, it's Twitter investors against Elon. He signed a contract agreeing to buy the company for X price per share. The fact that the price is now lower is not their problem, big money would be more than happy to unload Twitter shares at a legally guaranteed profit.


Yep. And given that (a) Twitter is a money-losing business; and (b) Musk's bid is about 38% higher than the market the day he announced it, and 54% above the price before he started buying it; he was already paying too much. A lot of Twitter shareholders must be very happy they found the greatest "greater fool" in history.

It is a fascinating strategy to trash talk a company and drive down its share price after you've agreed to buy it.
 
2022-05-29 5:57:19 PM  

Private_Citizen: HugeMistake: He appears to be operating under the assumption that he is above the law. Until he actually gets convicted of something and receives a meaningful punishment, I'm going to have to concede that he seems to be right.

Mind you, it doesn't take a genius to conclude this. Every idiot with money seems to have worked this out.

To the rich, "meaningful punishment" is a huge loss of cash. I think Elon's Twitter adventure is going to personally cost him well over a billion. While he'll still be rich, no one loses 1000 Million dollars without feeling a sting.


No, that's the only punishment they seem to face. Treat Elon like a poor person and toss' em in prison. Then start doing it go other rich people who are used to buying their way out of trouble.
 
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