Elon Musk $41B offer for Twitter

Elon Musk $41B offer for Twitter

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Discussion

dobbo_

14,611 posts

251 months

Sunday 2nd June
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Yeah, I find it utterly bizarre that it is always the same bunch of posters, chaps who boast about centrist they are and how they aren't influenced by people and their ability to be free-thinkers, but ironically are the same ones who truly love whomever it is that various talking heads have told them to.


hidetheelephants

26,006 posts

196 months

Sunday 2nd June
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mikebradford said:
If and when he does do we think peoples attitude towards his takeover will change?
No, because he'll still be a thin-skinned walking ego incapable of dealing with criticism.

Short Grain

2,996 posts

223 months

Sunday 2nd June
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EddieSteadyGo said:
Al Gorithum said:
The build quality is poor, but fair enough if you're happy with that.
Compared to what?
Had a colleague who went to collect his brand new Tesla, had been crowing about it for months! Returned to the office in a taxi looking really forlorn frown When we asked "What happened, where's your Tesla?" Thinking he'd put his foot down and lost control or something, he replied sadly, "It was crap, none of the panels had been fitted properly, the gaps were all over the place, it had 2 'huge' dents, and even a couple of scratches! So I rejected it!" He finally collected it 4 months later, after he lost the battle over his deposit! Tesla refused to hand it back so he finally agreed to go ahead with the purchase, provided it was repaired to an acceptable standard, which took them the 4 months! This was circa 10 years ago so, hopefully, things have improved since!

spookly

4,071 posts

98 months

Sunday 2nd June
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mikebradford said:
He was criticised for over paying for Twitter, and I believe current valuations put X at about $19bn. When do we think the value will rise to what he originally paid for it?

I'm guestimating 5yrs and he will have got the valuation back up.

If and when he does do we think peoples attitude towards his takeover will change?
Never. It was a fantasy tech valuation based on hopes and dreams of future revenue, and that's before he hugely overpaid.

He's driven away the primary source of income as most advertisers don't want to touch it. He's made the platform and the product worse. And then he keeps doubling down, both by further screwing the product, treating his staff like crap doesn't endear him to anyone, and then posting right wing nutjob crap on his platform.

Personally, I think he needs to do an about turn or twitter will slowly turn into truth social, with about as much financial value.

EddieSteadyGo

12,411 posts

206 months

Sunday 2nd June
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Short Grain said:
....This was circa 10 years ago so, hopefully, things have improved since!
No question the early Fremont cars were bad. Often very bad. I believe US built cars are now much better, and here in the UK, we get mostly Shanghai built cars, which are definitely much much better.

EddieSteadyGo

12,411 posts

206 months

Sunday 2nd June
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spookly said:
....

Personally, I think he needs to do an about turn or twitter will slowly turn into truth social, with about as much financial value.
What do you think the current financial value of Truth Social is?

EddieSteadyGo

12,411 posts

206 months

Sunday 2nd June
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105.4 said:
....
Yeah, I find it utterly bizarre that it is always the same bunch of posters, chaps who boast about their liberal credentials their tolerance and their ability to be free-thinkers, but ironically are the same ones who truly hate whomever it is that various talking heads have told them to hate.

From a psychological and a human nature perspective, I find such behaviour to be as equally disturbing as I do interesting.
...
To be fair, there are good reasons to be suspicious of individuals who hold a lot of concentrated power. Example would be Murdoch in his prime. He could literally change the political weather and was extremely influential over government policies in many countries, and yet we (the plebs) couldn't vote him out, and we had no oversight of how he exercised his power. He was literally untouchable.

That's part of the reason I think Musk attracts so much ire. Many would argue he isn't just one person voicing his opinion; he literally bought the global platform to ensure his views would dominate.

hidetheelephants

26,006 posts

196 months

Sunday 2nd June
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EddieSteadyGo said:
spookly said:
....

Personally, I think he needs to do an about turn or twitter will slowly turn into truth social, with about as much financial value.
What do you think the current financial value of Truth Social is?
It's worth whatever it's posting at on the exchange; its value is essentially nil as it's bound up in the only thing anyone is interested in, posts by Trump or by his surrogates in his name and he could stop posting tomorrow. He probably will stop posting once he can cash out his shares.

EddieSteadyGo

12,411 posts

206 months

Sunday 2nd June
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hidetheelephants said:
It's worth whatever it's posting at on the exchange; its value is essentially nil as it's bound up in the only thing anyone is interested in, posts by Trump or by his surrogates in his name and he could stop posting tomorrow. He probably will stop posting once he can cash out his shares.
Probably; my point was the value of Truth Social is currently insanely high, not very low, as implied by Spookly.

Byker28i

62,468 posts

220 months

Monday 3rd June
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mikebradford said:
He was criticised for over paying for Twitter, and I believe current valuations put X at about $19bn. When do we think the value will rise to what he originally paid for it?

I'm guestimating 5yrs and he will have got the valuation back up.

If and when he does do we think peoples attitude towards his takeover will change?
Isn't it down to his actions why the value has plummeted so much?

Byker28i

62,468 posts

220 months

Monday 3rd June
quotequote all
105.4 said:
Dagnir said:
Can we coin a new term?


MFD - Musk Derangement Syndrome?


May have already been mentioned but it is rather amusing...
Yeah, I find it utterly bizarre that it is always the same bunch of posters, chaps who boast about their liberal credentials their tolerance and their ability to be free-thinkers, but ironically are the same ones who truly hate whomever it is that various talking heads have told them to hate.

From a psychological and a human nature perspective, I find such behaviour to be as equally disturbing as I do interesting.

It truly is hivemind behaviour, and for me it makes it easier to understand how a general populace can willingly commit some of the worlds worst atrocities, simply through peer pressure, not wanting to go against the grain of what they believe to be societal norms, cowardice or just an in-built unpleasant streak.
Overpaid for twitter, took actions to significantly reduce it's value and uses it as a platform for his pwn views and pushing disinformation.
Not sure why you think that discussing his actions and reporting on examples is 'disturbing'. It's a discussion forum thread after all.

captain_cynic

12,622 posts

98 months

Monday 3rd June
quotequote all
Byker28i said:
mikebradford said:
He was criticised for over paying for Twitter, and I believe current valuations put X at about $19bn. When do we think the value will rise to what he originally paid for it?

I'm guestimating 5yrs and he will have got the valuation back up.

If and when he does do we think peoples attitude towards his takeover will change?
Isn't it down to his actions why the value has plummeted so much?
I think the website formerly known as Twitter will never rise to its former value... Let alone to what Musk paid for it.

The values will keep dropping as users continue to abandon the platform. The only reason it hasnt dropped even faster is that users can't decide which alternative to use.

Yep, it's all down to Musk's own actions.

sugerbear

4,192 posts

161 months

Monday 3rd June
quotequote all
I was watching a rich rebuilds youtube video at the weekend (on the cybertruck).

The biggest take away was the panel gaps / misaligned panels, which were pretty shocking or a car that retails at well over 100k and all the silly things like not being able to reach into the bed by the side because there is a massive pillar in the way, poor visibility and the fact that a gas truck is just a much better proposition (and much much cheaper).

The pricing issue was also an issue as well, prices in free fall because Tesla in their wisdom told everyone that there will be a 75k version truck coming soon so everyone has stopped buying the expensive version.

On the upside the interor looked nice.

Tesla is on the downward path, a better CEO would arrest that decline. Musk just seems to carry on promising more stuff he can't deliver. The new roadster hasn't appeared anywhere, that was announced years ago. Twitter is getting worse, I now have responses that either timeout or only load the first few stories and then nothing else.

Best case for Tesla is for Musk to be removed.




shakotan

10,746 posts

199 months

Monday 3rd June
quotequote all
Elon has (indirectly) taken a quarter of a billion dollars in deposits for car which still doesn't exist 5 years after being 'debuted'. Many Tesla sales would have been off the back of features promised that never came to fruition (FSD, TeslaCab). Many of the Cybertruck sales are based of initial Musk claims that never came to pass.

How the man isn't in jail for fraud beggars belief.

rscott

14,964 posts

194 months

Monday 3rd June
quotequote all
sugerbear said:
I was watching a rich rebuilds youtube video at the weekend (on the cybertruck).

The biggest take away was the panel gaps / misaligned panels, which were pretty shocking or a car that retails at well over 100k and all the silly things like not being able to reach into the bed by the side because there is a massive pillar in the way, poor visibility and the fact that a gas truck is just a much better proposition (and much much cheaper).

The pricing issue was also an issue as well, prices in free fall because Tesla in their wisdom told everyone that there will be a 75k version truck coming soon so everyone has stopped buying the expensive version.

On the upside the interor looked nice.

Tesla is on the downward path, a better CEO would arrest that decline. Musk just seems to carry on promising more stuff he can't deliver. The new roadster hasn't appeared anywhere, that was announced years ago. Twitter is getting worse, I now have responses that either timeout or only load the first few stories and then nothing else.

Best case for Tesla is for Musk to be removed.
The build quality is abysmal - reminds me of British Leyland at their peak.. Given there are very few cybertrucks actually sold (under 4,000 by the start of April), there have been way too many reports of basic assembly problems. The accelerator pedal was one, but also reports of the body panels coming off, drive selector panel falling out of the headlining, lack of safety systems on the frunk and load bay cover, etc.
If this was a first product for the company, it might be excusable, but they should understand the basics of manufacture by now.

Mikebentley

6,291 posts

143 months

Monday 3rd June
quotequote all
shakotan said:
Elon has (indirectly) taken a quarter of a billion dollars in deposits for car which still doesn't exist 5 years after being 'debuted'. Many Tesla sales would have been off the back of features promised that never came to fruition (FSD, TeslaCab). Many of the Cybertruck sales are based of initial Musk claims that never came to pass.

How the man isn't in jail for fraud beggars belief.
This is what puzzles me. It’s like the story of the Kings New Clothes. People have paid for FSD etc on Cybertruck and other Tesla products which hasn’t been delivered. How stupid are they and how can a company have sold something they haven’t delivered?

Byker28i

62,468 posts

220 months

Monday 3rd June
quotequote all
Cybertruck sold just over 3800 and had to recall them all for the thottle pedal failure.

Cybertruck is a hefty premium over the F150 lightning for example, of which they sold approx 25k in the US last year, then over 7700 in the first quarter of this year.

Build quality was nice in the Lightning I was in last year.

h0b0

7,823 posts

199 months

Monday 3rd June
quotequote all
I took this photo today and posted it in supercars spotted some rarities.

h0b0 said:
Had to drop into school this morning. Saw this about 100 yards from my house.

gregs656

10,983 posts

184 months

Monday 3rd June
quotequote all
I saw one recently on the highway close to Toronto. What ever you think about it there is no denying it is wildly different.

off_again

12,494 posts

237 months

Monday 3rd June
quotequote all
Mikebentley said:
This is what puzzles me. It’s like the story of the Kings New Clothes. People have paid for FSD etc on Cybertruck and other Tesla products which hasn’t been delivered. How stupid are they and how can a company have sold something they haven’t delivered?
Depends if a customer ordered the Founders edition. You get the following:

Limited-edition configuration
Laser-etched Foundation Series badge
Foundation Series cabin graphic
20-inch Cyber wheels with 35-inch tires
White décor
Off-road light bar
Premium accessories
Powershare home backup
Powershare mobile connector
Full Self-Driving beta capability
Lifetime premium connectivity

Of that, there is no light bar, FSD is still not available and the wheel covers havent been fixed yet. I have no idea what the 'premium accessories' bit is, but it doesnt seem good value to me. You get a graphic on the inside, some etching on the outside and a couple of other things and thats it - half of the decent stuff isnt available.

The internet being the internet, someone did a breakdown of the 'value' of the Foundation edition. Its not worth it:

https://www.reddit.com/r/cybertruck/comments/18e9f...

If we are talking the standard model, it depends. FSD isnt available yet and the locking differentials option (dual motor version) is now available, but through an update. It seems to have fixed a lot of the failings for off-road driving, but it is still a flawed vehicle for that at the moment. Better, but far from the off-road king that the advertising might suggest.

Oh, and because I am sad, I looked up the 'wade mode' that is touted for the Cybertruck, after Musk said that it would float. Seems that wade mode is good for 2.5 feet of water. Shame that a Range Rover will go to 2.9 feet, and do it with a lot more luxury! But hey, lets not let facts get in the way here.

Upgrades will happen and it should improve. But this was a rushed delivery with poorly built vehicles with a lot of the key features missing and an accessories list that half arent available. If this was a $30k Ford Maverick pickup, I would be realistic but still criticize Ford. But this is Tesla and they are 3 times the price - yet they get a pass. I just dont understand.