Elon Musk takes over Twitter

Like we mentioned on the other thread, that doesn't mean a damn thing until you sell it.

 

Indeed, when the goal is to ruin the joint, there's no use talking about how much money he's losing. It's worth it to him.

 

Well, tha valuation doesn’t count the street cred he’s earned from cat turd and Alex Jones.

 

Or, Cheech and Chong Gummies

 

He bought the company for probably 3-4x what it was worth and 1.5x what anyone would pay for it. Even without his mismanagement, the value would have plummeted given the trends in the industry. And he’s happy to drive it into the ground as long as he gets the likes from the incels and right wing influencers

 

I mean, Bezos was happy to eat red ink with his media toy right up until he wasn’t.

 

Trending topics right now include:

Wander Franco
Epstein
Ted Nugent

Well, at least there's a consistent theme.

 

On Christmas it was:

Nate Higgers

 

It does mean something because he borrowed money to buy it.

Musk doesn't have a ton of cash. He borrowed over 1/4 of the cost of Twitter. The banks can't get rid of the loans. He can't refinance at a better rate and his collateral is a lot less.

 

But he pwned teh libruls!

 

FTFY.