Elon Musk $44 Billion Twitter deal
23-12-2022, 08:00
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#361
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cf.mega poster
Join Date: Dec 2013
Posts: 14,265
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Re: [Updated] Elon Musk $44 Billion Twitter deal back on
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Originally Posted by Hugh
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That P/E ratio is ridiculously high suggesting the shares have some way to go before being realistically priced. Toyota's is about 9.5 and GM and Ford about 5.5. Having Musk spend more time at Tesla won't change the fundamentals.
Last edited by 1andrew1; 23-12-2022 at 08:04.
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23-12-2022, 11:09
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#362
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An Awesome Dude
Join Date: Mar 2009
Posts: 3,975
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Thanx for the update hugh
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28-12-2022, 07:53
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#363
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Remoaner
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Join Date: Mar 2004
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Re: [Updated] Elon Musk $44 Billion Twitter deal back on
Tesla shares went down another 10% yesterday, it's almost halved in the last month alone. 72% overall since the start of the year. Some of that loss happened as all tech stocks self-corrected after COVID but the 50% is far outside what's happened elsewhere in the stock market over the last month.
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28-12-2022, 15:05
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#364
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Re: [Updated] Elon Musk $44 Billion Twitter deal back on
But is that down to something he has done, or some other reason ?
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28-12-2022, 15:11
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#365
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Remoaner
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Join Date: Mar 2004
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Re: [Updated] Elon Musk $44 Billion Twitter deal back on
Quote:
Originally Posted by Paul
But is that down to something he has done, or some other reason ?
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General fall in tech stocks that were overvalued during COVID. The average drop since the start of the year is 30%. Tesla is also more vulnerable than Apple/Microsoft/Google as so much of its promise was unproven, based on the idea it could eventually dominate the electric car space, and that's being undermined by the progress of the traditional car makers. People are starting to correctly see Tesla as a car company rather than a technology company and it's undermining its value.
The drop in the last month though - 35% instead of the average of 8% for other companies - is being put down to concerns over Musk's dedication to Telsa and his erratic behaviour. He also sold a lot of stock himself over the last month which spooks existing shareholders obviously.
I think personally the order of importance is:
- Telsa was overvalued, other car companies are catching up, people don't see Tesla dominating in the way they had hoped
- General Stock Market Correction
- Musk
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30-12-2022, 12:56
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#366
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cf.mega poster
Join Date: Feb 2012
Posts: 4,436
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Re: [Updated] Elon Musk $44 Billion Twitter deal back on
Not sure if anyone is following this but there is vile individual called Andrew Tate that Musk unbanned. He attempted to wind up Greta Thunberg by telling him how many gas guzzling cars he owns. She then replied basically saying he was a dick. His retort consisted of a rambling video, part of which consisted of showing Greta his non-recycled pizza boxes.
So far, who cares but here the funny part: the Romanian police who had been waiting him to return to their country, noted the pizza box origin and prompted raided his house and arrested him (and his brother) on sex trafficking charges. Brilliant!
Greta had the last word
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Last edited by ianch99; 30-12-2022 at 14:03.
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30-12-2022, 13:15
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#367
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cf.mega pornstar
Join Date: Jan 2006
Posts: 18,814
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Re: [Updated] Elon Musk $44 Billion Twitter deal back on
Quote:
Originally Posted by ianch99
Not sure if anyone is following this but there is vile individual called Andrew Tate that Musk unbanned. He attempted to wind up Greta Thunberg by telling him how many gas guzzling cars he owns. She then replied basically saying he was a dick. His retort consisted of a rambling video, part of which consisted of showing Greta his non-recycled pizza boxes.
So far, who cares but here the funny part: the Romanian police who had been waiting him to return to their country, noted the pizza box origin and prompted raided his house and arrested him (and his brother) on sex trafficking charges. Brilliant!
Greta had the last word
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He might own 33 cars but she owned him, what a plank
So elmo helped protect people on twitter from predators by reinstating Tate's account and he's just been arrested for, oh yes, sex trafficking, wonder how long it'll be before someone gives elmo credit for assisting with the arrest...
Last edited by TheDaddy; 30-12-2022 at 14:32.
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30-12-2022, 14:26
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#368
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laeva recumbens anguis
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Re: [Updated] Elon Musk $44 Billion Twitter deal back on
__________________
There is always light.
If only we’re brave enough to see it.
If only we’re brave enough to be it.
If my post is in bold and this colour, it's a Moderator Request.
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30-12-2022, 15:21
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#369
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Remoaner
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Join Date: Mar 2004
Posts: 32,259
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Re: [Updated] Elon Musk $44 Billion Twitter deal back on
I am not sure if I believe the pizza box story personally, seems too good to be true really.
I find Tate very odd and don't understand to who he appeals to. The kind of hyper-performative masculinity seems like a parody to me, a sitcom character, of someone very insecure and masking it by being completely over the top. Smoking cigars, showing off wealth all the time, and posting complete nonsense on Twitter.
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30-12-2022, 18:16
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#370
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067
Join Date: Jul 2007
Location: Middlesbrough
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Re: [Updated] Elon Musk $44 Billion Twitter deal back on
Quote:
Originally Posted by Damien
General fall in tech stocks that were overvalued during COVID. The average drop since the start of the year is 30%. Tesla is also more vulnerable than Apple/Microsoft/Google as so much of its promise was unproven, based on the idea it could eventually dominate the electric car space, and that's being undermined by the progress of the traditional car makers. People are starting to correctly see Tesla as a car company rather than a technology company and it's undermining its value.
The drop in the last month though - 35% instead of the average of 8% for other companies - is being put down to concerns over Musk's dedication to Telsa and his erratic behaviour. He also sold a lot of stock himself over the last month which spooks existing shareholders obviously.
I think personally the order of importance is:
- Telsa was overvalued, other car companies are catching up, people don't see Tesla dominating in the way they had hoped
- General Stock Market Correction
- Musk
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It’s a stock market correction as the primary focus for tech companies/startups was growth at any cost. Now, profitable growth is the order of the day.
The above combined with companies going on hiring sprees during the early days of the pandemic is now leading to the ongoing redundancies
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13-01-2023, 09:19
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#371
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Remoaner
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Re: [Updated] Elon Musk $44 Billion Twitter deal back on
Looks like Twitter killed access for third-party apps. I used a nice third-party client that made the timeline clean and easy, not working this morning.
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13-01-2023, 09:43
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#372
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Virgin Media Staff
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Re: [Updated] Elon Musk $44 Billion Twitter deal back on
Quote:
Originally Posted by Damien
Looks like Twitter killed access for third-party apps. I used a nice third-party client that made the timeline clean and easy, not working this morning.
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Assume it's an error rather than active choice until I see something different.
https://www.bing.com/news/search?q=t...ty&FORM=HDRSC7
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13-01-2023, 09:45
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#373
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Remoaner
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Re: [Updated] Elon Musk $44 Billion Twitter deal back on
Hope so. I hate the official Twitter apps as I just want a simple, chronological, timeline of the people I follow.
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13-01-2023, 10:38
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#374
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laeva recumbens anguis
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Re: [Updated] Elon Musk $44 Billion Twitter deal back on
Quote:
Originally Posted by Damien
Hope so. I hate the official Twitter apps as I just want a simple, chronological, timeline of the people I follow.
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Yup - the Android App now defaults to "For You", and you have to click "Following" each time you go into the App (but strangely not on the Chrome webpage version).
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If only we’re brave enough to see it.
If only we’re brave enough to be it.
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Last edited by Hugh; 14-01-2023 at 17:04.
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13-01-2023, 15:17
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#375
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Dr Pepper Addict
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Re: [Updated] Elon Musk $44 Billion Twitter deal back on
Another nail in its coffin ?
For fun I tried to log in to my account again today, still cannot.
I never even get the login page to load, just hangs on a blank screen as usual. Pathetic.
[ Of course, I'm devestated ..... not ]
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