Jump to content

Twitter is better

jross

By jross
in Non Wrestling Topics

 Share

Recommended Posts

Caveira Big Brain

Caveira

Posted
Posted
  On 3/18/2025 at 2:50 AM, 1032004 said:

Yeah thanks for proving the point.  It’s March 17th and he hasn’t posted on x since March 11th.  He’s had 6 posts on x in the entire month of March.

This account copies his Truth Social posts.  Looks like he made over 15 “truths” today alone.

 

Expand  

He’s prolly firing Elon tomorrow right. ?

  • Replies 2.2k
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Popular Days

Popular Posts

Husker_Du
Husker_Du
ionel
ionel

Ok Putin praised him about SpaceX (who wouldn't) nothing about X.  This is exactly why we ask for evidence/reference to see if the accuser actually has any or is attempting to use unrelated info to tr

jross
jross

Posted Images

1032004 Big Brain

1032004

Posted
Posted
  On 3/18/2025 at 4:18 AM, Wrestleknownothing said:

Are we ignoring that Trump owns Truth Social, not Twitter?

Expand  

I don’t expect him to give up on Truth Social, I just would have expected it to be more of an even split, considering the advertising he has done for Musk’s other companies 

Wrestleknownothing Big Brain

Wrestleknownothing

Posted
Posted
  On 3/19/2025 at 7:27 PM, headshuck said:

X value back to $44b. WKN must be busy getting ready for NCAA’s.
 

Expand  

Wow, I did miss this. Got busy with NCAAs and some other stuff. From what I can find there is very little, and contradictory detail behind this. Call me skeptical. For example, Bloomberg and the FT appear to be the only outlets who have seen any documents, and they describe it very differently.

Drowning in data, but thirsting for knowledge

  • 2 weeks later...
WrestlingRasta Big Brain

WrestlingRasta

Posted
Posted

So guys uses his own AI company to purchase his own social media platform, and guy is also, by standards of his own artificial intelligence, the biggest spreader of misinformation…I.e. biggest liar….on the planet. 
 

Now that’s cool!! Fortunately he doesn’t have any influence in our government. 

Wrestleknownothing Big Brain

Wrestleknownothing

Posted
Posted
  On 3/30/2025 at 1:11 PM, 1032004 said:

Yea can you explain this?   I’m sure Musk is making money here even though he “sold” x for $11 billion less than he bought it for right?

Expand  

No one knows what this means, which is, I think, the point of the transaction.

Musk paid $44 billion for the equity of Twitter. He did it by borrowing $12 billion and paying $32 billion of his, and his investors, money. So right before he bought it it had $44 billion of equity. Right after, $32 billion, but the same enterprise value, only more leverage. He just did a funding round about a month ago to raise $1 billion at, what was reported by him with no supporting detail, a $32 billion equity / $44 billion enterprise value. Now he is saying the sale of the company happened at $33 billion / $45 billion.

But what does it mean that he sold the company? There are outside investors. Did they get cashed out at the same price? Or did he simply sell his controlling interest at that price?

If it is just his controlling interest, he replaced it with xAI shares that he already owns. So, sure pick any number. It is just moving from the right pocket to the left pocket. But if he cashed out others then he is giving up something of value (xAI shares). 

But at what value? He says the xAI share price chosen valued that company at $80 billion. The last independent funding round where they revealed a price valued xAI at $51 billion. The two funding rounds after that, they did not reveal a valuation, which always causes the market to assume it was a down round, but who knows.

Musk has also been in talks to raise $10 billion at a $75 million valuation. If that is a post cash number then it implies a $65 billion valuation without that investment.

So, saying xAI was worth $80 billion when doing this transaction implies that if outside investors were cashed out, the terms may not have been that favorable. If xAI is worth $65 (or $51) billion when they say it is worth $80 billion then the investors did not really get a $33/$45 billion dollar valuation on X. Working backward if the xAI shares were overvalued by 18.75% (65/80), then the real implied price for X is $26 billion, rather than $33.

But they still get some upside exposure to xAI. And maybe that is enough in their minds.

But the real point of the transaction is this gets the market to stop talking about the X valuation because it is now just a subsidiary of xAI.

  • Bob 1

Drowning in data, but thirsting for knowledge

Wrestleknownothing Big Brain

Wrestleknownothing

Posted
Posted

I have some follow up questions.

Was X for sale? Did Musk solicit any other offers? Does it bother the other shareholders of X or xAI that this was a conflicted transaction? Has this received regulatory approval? Given Musk's control of X, xAI, and the regulators will he even bother? Has the deal closed? Or is it just announced? What protections did minority shareholders receive? Isn't it clear that the prior funding round for X was just used as a way to validate a merger price?

  • Bob 1

Drowning in data, but thirsting for knowledge

ionel Big Brain

ionel

Posted
Posted
  On 4/1/2025 at 12:07 AM, Wrestleknownothing said:

I have some follow up questions.

Was X for sale? Did Musk solicit any other offers? Does it bother the other shareholders of X or xAI that this was a conflicted transaction? Has this received regulatory approval? Given Musk's control of X, xAI, and the regulators will he even bother? Has the deal closed? Or is it just announced? What protections did minority shareholders receive? Isn't it clear that the prior funding round for X was just used as a way to validate a merger price?

Expand  

My only question is why didn't Wkn buy it?  🤷‍♀️

.

Caveira Big Brain

Caveira

Posted
Posted
  On 4/1/2025 at 12:07 AM, Wrestleknownothing said:

I have some follow up questions.

Was X for sale? Did Musk solicit any other offers? Does it bother the other shareholders of X or xAI that this was a conflicted transaction? Has this received regulatory approval? Given Musk's control of X, xAI, and the regulators will he even bother? Has the deal closed? Or is it just announced? What protections did minority shareholders receive? Isn't it clear that the prior funding round for X was just used as a way to validate a merger price?

Expand  

Don’t all these things happen in business all the time?

Wrestleknownothing Big Brain

Wrestleknownothing

Posted
Posted
  On 4/1/2025 at 1:20 AM, Caveira said:

How so?

Expand  

If it isn't the right price then outside shareholders of one of the two might be getting a bad deal. See my commentary above.

One other odd thing this reminds me of is both companies apparently used the same investmemt bankers. Hard to ensure a fair price when the majority shareholder of one is the majority shareholder of the other and thr same investment bankers are also on both sides of the "negotiation".

  • Bob 1

Drowning in data, but thirsting for knowledge

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing
×
×
  • Create New...