Is Elon Musk gambling his business empire?

[jack_christie]

'An over-levered clown'​

"Elon didn't so much win Twitter," Vicki Bryan, a credit analyst and CEO of research firm Bond Angle, told Insider. "He may be the bag holder who gets the company no one else wanted to buy,

'An over-levered clown': Elon Musk is gambling his business empire on his takeover of Twitter

Musk is taking on massive debt to fund his Twitter buyout — and he's putting Tesla and the rest of his business empire on the line to do it.

www.businessinsider.com

The challenges ahead for Elon Musk at Twitter​

 

[Redliner]

Yes, and I hope he loses.

 

[jack_christie]

Picked up a few more investors:

Elon Musk got another $7 billion from friends and investors to buy Twitter​

A new filing shows that Oracle co-founder Larry Ellison, venture capital firm Sequoia and crypto exchange platform Binance are among a cohort of investors that plan to support Elon Musk’s $44 billion Twitter takeover.

Elon Musk got another $7 billion from friends and investors to buy Twitter

Oracle co-founder Larry Ellison, venture capital firm Sequoia and crypto exchange Binance are among the investors that plan to support Elon Musk's Twitter bid.

www.cnbc.com

 

[jack_christie]

A terrifying thought:

The Elon Musk Twitter Era is Nigh, Thanks in Part to Cash From Trump’s Pals​

The Elon Musk Twitter Era is Nigh, Thanks in Part to Cash From Trump's Pals

The soon-to-be owner of the world’s most influential social media platform will reportedly take over as interim CEO when the sale is official

www.rollingstone.com

Only needs to find an extra $2bn at year:

Elon Musk's Twitter cash crunch​

Elon Musk's Twitter cash crunch

Funding is not yet secured.

www.axios.com

 

[jack_christie]

Cold feet, creates chaos:

Dan Ives, a tech analyst at investment firm Wedbush Securities, said Mr Musk's tweet would "send this Twitter circus show into a Friday the 13th horror show".
He said Wall Street would now "view this deal as 1) likely falling apart, 2) Musk negotiating for a lower deal price, or 3) Musk simply walking away from the deal with a $1bn break-up fee".

Elon Musk puts Twitter deal on hold over fake account details

The billionaire wants more data on fake accounts, prompting speculation over the deal's future.

www.bbc.com

 

[Momentum57]

I think that this thread should be in general. A business transaction or m&a thread. Because I don't buy that it's actually anything more than a company ad. A recent Fox News poll shows most political people, in either party, don't care who owns it.

The indifference to hype ratio is so far out of wack. Pump and dump.

 

[jack_christie]

Wasn't sure where to put it

 

[ninjacoco]

Cold feet, creates chaos:

Elon Musk puts Twitter deal on hold over fake account details

The billionaire wants more data on fake accounts, prompting speculation over the deal's future.

www.bbc.com

LOL. Now if it can just fall ALL the way apart...

 

[jack_christie]

Now he wants it to be a MAGA rathole:

Elon Musk denies sexual misconduct allegations​

Elon Musk denies sexual misconduct allegations

A report claims Musk's company SpaceX paid an employee $250,000 to settle the claim against him.

www.bbc.com

A SpaceX flight attendant said Elon Musk exposed himself and propositioned her for sex, documents show. The company paid $250,000 for her silence.

SpaceX paid a flight attendant $250,000 in severance after she accused Elon Musk of exposing himself and offering to buy her a horse in exchange for a sexual massage.

www.businessinsider.com

 

[jack_christie]

All going to hell so fast:

Billionaire Larry Ellison reportedly participated in a call to discuss challenging the legitimacy of the 2020 election results​

Billionaire Larry Ellison reportedly participated in a call to discuss challenging the legitimacy of the 2020 election results

Ellison, who is Elon Musk's largest backer in the Twitter deal, joined several conservative figures on a November call, The Washington Post reported.

www.businessinsider.com

 

[jack_christie]

Jim Cramer Absolutely Buries Elon Musk: ‘Devastating’ Twitter Filing Shows How ‘Horrendous and Infantile’ He Was​

Jim Cramer Absolutely Buries Elon Musk: ‘Devastating’ Twitter Filing Shows How ‘Horrendous and Infantile’ He Was

Jim Cramer believes Twitter's lawsuit against Elon Musk, filed Tuesday in Delaware, exposes the Tesla CEO as "horrendous and infantile."

www.mediaite.com

David Faber shocked his CNBC colleagues by suggesting that Elon Musk could be jailed over the lawsuit he faces from his decision to back out of buying Twitter.

CNBC’s David Faber Predicts Elon Musk Could Go to Jail for Bailing on Twitter Purchase

David Faber seemed to shock his CNBC colleagues by suggesting Elon Musk could be put in jail over the lawsuit he faces for refusing to buy Twitter.

www.mediaite.com

 

[jack_christie]

So Musk was due to be deposed on Thursday in Austin, but :

Elon Musk now wants to go through with his original offer to buy Twitter for the previously agreed upon price.

 

[ninjacoco]

The lone upside of being laid off is "thank goodness I don't have to deal with managing anyone's social media right now."

 

[GRtak]

I think that Musk thought he could dig up something embarrassing to Twitter, but he never even considered that Twitter could dig up something embarrassing to him.

 

[NecroJoe]

I think that Musk thought he could dig up something embarrassing to Twitter, but he never even considered that Twitter could dig up something embarrassing to him.

Like, by not deleting his past tweets, and letting him continue to tweet? 😅

 

[GRtak]

Like, by not deleting his past tweets, and letting him continue to tweet? 😅

The world already can see those. He had to turn over text messages. Imagine what he says when he doesn't think it will get out.

 

[jack_christie]

Prince Alwaleed, Larry Ellison and who else to the rescue?

How will Elon Musk pay for Twitter?​

Explainer: How will Elon Musk pay for Twitter?

Elon Musk bought himself on Thursday, after a judge accepted the billionaire's request to halt a Twitter lawsuit to allow him to close his proposed $44 billion buyout of the social media company by Oct. 28.

www.reuters.com

Saudi Billionaire Made $500 Million Russia Bet at War Onset​

• Prince Alwaleed’s firm invested in Gazprom, Rosneft, Lukoil

Saudi Billionaire Made $500 Million Russia Bet at War Onset

Saudi billionaire Prince Alwaleed Bin Talal invested more than $500 million in Russian firms around the time of Moscow’s invasion of Ukraine, in a sign of the careful political position the Gulf state has maintained with its OPEC+ partner.

www.bloomberg.com

 

[jack_christie]

Prof Galloway on Musk twitter takeover:

 

[GRtak]

 

[jack_christie]