General Discussion

ProfessorGAC

(77,752 posts)

12. Absolutely

Sat Nov 18, 2023, 08:30 AM

Nov 2023

You'll see no defense of that lucky, silverspoon twit from me.
Historically, a mature company will have market cap of 15-25% greater that tangible assets.
So, I'll stick with 13 or 14 billion.
And yes, he's set fire to $30 billion because despite his luck, his grasp of how business witjs is tenuous at best.
And, he's pledged equity in another company with grossly overvalued stock.
If the market ever realizes Tesla is a durable goods manufacturer that equity he pledged is going to be a much bigger share of the company than he expected.

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Companies pulling ads from X: Disney, Apple, IBM and more -- the list from Axios [View all] ancianita Nov 2023 OP

Just so you know....X is What the former location ..."Twitter" is now called. Stuart G Nov 2023 #1

I Think Fidelity Still Overestimated ProfessorGAC Nov 2023 #9

Totally agree. This is big corporate knocking down bad corporate, quite a refreshing turn, imo. ancianita Nov 2023 #19

If people stop using twitter, totally & completely then it will become totally worthless. Stuart G Nov 2023 #22

It appears that Musk loves his hatred PatSeg Nov 2023 #25

At the risk of sounding BigOleDummy Nov 2023 #2

The idiot is destroying X/Twitter videohead5 Nov 2023 #3

Agreed BigOleDummy Nov 2023 #4

I sometimes login to post bile at MAGA scum BootOutTheGoons Nov 2023 #8

Now THAT.... BigOleDummy Nov 2023 #15

Kid Rock was the most recent honoree BootOutTheGoons Nov 2023 #16

Few deserve it better! BigOleDummy Nov 2023 #17

Thank you BootOutTheGoons Nov 2023 #18

Welcome... BigOleDummy Nov 2023 #24

Thank you! BootOutTheGoons Nov 2023 #26

They're not ON X, they do ad buy there for extremists, but now they've "paused" their money stream. OK by me. ancianita Nov 2023 #20

I've never liked Twitter PatSeg Nov 2023 #27

Because of gardening Twitter spinbaby Nov 2023 #30

a large segment of the population pays no attention to politics and has no idea this is going on Takket Nov 2023 #33

It is mystifying Voltaire2 Nov 2023 #34

Until JustAnotherGen Nov 2023 #5

Yup TSExile Nov 2023 #13

I hear ya. But they really do hurt X and are rich enough not to really need it anymore. That's a probability, imo. ancianita Nov 2023 #21

Sadly, that is true PatSeg Nov 2023 #28

Glad you agree, This is a Big Multi-Corporate Bitch Slap at this NAZI billionaire. ancianita Nov 2023 #32

And Musk is so delusional, PatSeg Nov 2023 #35

heh heh... ancianita Nov 2023 #37

Yes and I'm sure if he wasn't an immigrant PatSeg Nov 2023 #39

Good malaise Nov 2023 #6

Paid 44 billion. Now reportedly worth 4 billion BootOutTheGoons Nov 2023 #7

4 Billion Is Too Low ProfessorGAC Nov 2023 #10

I've heard claims ranging from 4 billion to around 10 BootOutTheGoons Nov 2023 #11

Absolutely ProfessorGAC Nov 2023 #12

Pausing them? How about cancelling all ad buys already made and in the future? n/t Liberal In Texas Nov 2023 #14

They could, indeed; Elon knows they don't want to do business with X markets, and it could be permanent. ancianita Nov 2023 #23

So, this is already happening, and X is now becoming ...WORTHLESS. Stuart G Nov 2023 #29

Hahahaha. Musk stikes and weakens X again. Let's face it, he's an anti-Semitic, racist, Putin-favoring winger. brush Nov 2023 #31

Hanging out with Nazis and facists is bad. Don't hang out with Nazis and fascists. Initech Nov 2023 #36

Interesting that he doesn't wonder why those other corps don't hang out with Nazis. You'd think he'd maybe suspect ancianita Nov 2023 #38