Elon Musk $44 Billion Twitter deal

[1andrew1]

Originally Posted by Hugh

Everything’s fine…

https://g.co/kgs/wmfp4Q

callt

Three months ago it was $308…

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.

[Dude111]

Thanx for the update hugh

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.

But is that down to something he has done, or some other reason ?

Originally Posted by Paul

But is that down to something he has done, or some other reason ?

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:

1. Telsa was overvalued, other car companies are catching up, people don't see Tesla dominating in the way they had hoped
2. General Stock Market Correction
3. Musk

[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

[TheDaddy]

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

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...

I wonder if he initially trolled the wrong GRETA?

https://www.coe.int/en/web/anti-human-trafficking/greta

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.

[mrmistoffelees]

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:

1. Telsa was overvalued, other car companies are catching up, people don't see Tesla dominating in the way they had hoped
2. General Stock Market Correction
3. Musk

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

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.

[BenMcr]

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.

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

Hope so. I hate the official Twitter apps as I just want a simple, chronological, timeline of the people I follow.

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.

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).

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 ]