Elon Musk takes over Twitter

Rihanna wasn't paid by NFL last night. She did a very nice halftime show that was completely independent of, and had nothing to do with, the NFL.

 

Probably not. If I was as outraged as Elon Musk is by all of the inacuracy in the media, I would gravitate toward Rupert Murdoch, too.

 

BTW @Michael_ Gee It's an excellent question. There have been reports for weeks that Musk has been trying to shop some of his twitter equity. Unless he is willing to take a huge (and I mean massive) loss on what he paid, it can't be a very good sell. Before he bought it, the company was a stagnant, low cash flow business that wasn't going anywhere. But now on top of that, it is saddled with a dangerous amount of debt, he is valuing it it at several times what it is actually objectively worth (if he sticks to the price he paid), and his antics have been eating into the one source of reliable revenue the company even had. We're no longer in a cheap money environment where fundamentals like that don't matter, so the moral hazard needed to find investors who are being pushed into speculative and insane behavior isn't there the way it was a year or two ago, even. Nobody in their right mind is buying his equity. ... except, maybe, for someone like Rupert Murdoch, who has been known to buy things that he loses money on, for ego reasons, not financial reasons.