you have to give kudos to the former CEO of Twitter. he gave his shareholders $44B of cash and left Elon holding the bag for it. he was truly a savior to his shareholders.
Exactly, now that's what I call CEO. Lured Musk in, once Musk realized he got duped and tried to escape, forced him to complete the deal in the most spectacular way, finally got sweet severance when fired.
If Twitter were to go bankrupt, it would be interesting to see if some similar style company took its place, or if it would be the end of Twitter style social media.
I think its funny how they push this when Twitter is setting records. Advertisers will forget about you all when they realize you are all broke trolls and real people are going back to Twitter ready to spend. lol
He didn't want to buy Twitter. The running his mouth bit was the plan. It was designed to excuse him for cashing out some grossly overvalued Tesla stock and thereby realise some of his paper fortune without spooking the market. That's why he did the public poll - so he could say that he was breaking his promise about his money being the last out of Tesla only because the public demanded it and it was for the greater good (you'll see him use a lot of this "saving the world" shtick to soften up investors to excuse his poor corporate performance and broken technical promises and sell them on the next one, much like Elizabeth Holmes did with Theranos). Then there was supposed to be some technicality that prevented the sale going through, but he would have already sold his Tesla stock by then and the market was supposed to forget that the major shareholder had dumped billions of dollars worth of stock in the last year, so maybe it would be worth examining Tesla's fundamentals such as P/E Ratio and Price to Book Value to determine what it was really worth. Unfortunately for Musk, the Twitter executives understood corporate law far better than he does, or at least they acknowledged their expertise limitations and paid people that do understand it to explain it to them, so they called Musk's bluff. He tried going to court to get out of the purchase but the court ruled that he would be breaking the law if he didn't follow through, so this became a rare case where Musk would be held accountable for one of his many public promises that he had no intention of keeping. His problems are all of his own making. Paying a massive premium for an unprofitable business was a good start, immediately followed by sacking the executive team in a fit of pique, so that he could have a victory over the guys that beat him in court, if you can call simultaneously paying golden parachutes out of a failing corporation and losing the people that understand corporate law and the business itself a victory. He's gone from strength to strength from there, implementing and cancelling an ill-considered verification program but not before verified but fake accounts purporting to be genuine corporate accounts such as Eli Lilly made announcements that wiped billions of dollars off their share prices, resulting in advertisers, Twitter's main income source, abandoning the platform, destroyed the 2-factor authentication system when attempting to remove unnecessary processes, locking people and businesses out of their accounts, closed down the offices for several days almost immediately after declaring that everyone must work in the office, because he sacked the person in charge of building access, and asked many of those that he unceremoniously fired to come back to work because it turns out that they were critical. Although I don't see a way out, except maybe imprisonment for securities fraud for his pump and dump false announcements at Tesla (e.g. Tesla Semi, Full Self-Driving, etc.) prior to selling billions of dollars worth of stock (the only reason he avoided prison on his privatisation announcement fraud charge is because they couldn't identify subsequent trading he had profited from), I don't think bankrupting Twitter would be good for Elon's health, because there is a Saudi Prince that stands to lose almost $2 billion if that happens.
Everyone goes bankrupt it the smart movie if you know what youer doing keep the assets and the company starts back over with out having to pay all the money back what the company has bin losses over the years rich people do it all the time you think a twitter is going to make Elon poor the guy shoots cars in space for fun
@@markhirstwood4190 He paid about 4 times what it was worth - even he admitted he way over paid for it. Assuming you legit thought this business could earn 2 billion a year, it would be worth maybe 10 to 12 billion. However, I cannot imagine how it could earn that amount regularly when most years it lost money. I think there was one year where it made about 1.5 billion. A more reasonable price from an astute investor would have been 4 to 5 billion and that is assuming there was a path to profitability.
That’s because the money isn’t made in twitter. Being the most followed account on Twitter has estimated worth of over $1B in itself. Plus he’s a free speech absolutist, which I love, and this amount of money is nothing to him to right the ship. It will pay back 10x in one form or another.
@kman2000alm he has just just fumbled his way to the top because he was born into immense wealth,over working, underpaying and brainwashing people that they are gods work but it’s all glorified vanity projects. He has never invented anything his stocks are plummeting and all he cares about is being the lordiest of all the meme lords
@@gard2310 I guess we'll find out. If I were a betting man and I had to choose between a random broke youtube commenter and the richest man in the world I'd place my stakes on the latter. Nobody fumbles their way to being the richest man in the world no matter how wealthy a family they were born into. Ignorant people gain and lose all their wealth every single day. You have to be a grade above average to consistently make intelligent decsions. I'm not saying Elon is infallible, but I simply don't believe he's willy nilly making these drastic changes without foresight into how they make twitter viable financially in the long run.
He wants the infrastructure of twitter’s programming the base line because it’s all based on code and the code twitter is built on could go towards his satalite system boom 💥
Why would somebody spend $44 billion on a company that is not even worth 10 billion? And why would you fire all of your best employees even if they didn’t talk well of you. The people that don’t agree with you all the time or the ones that you want to keep closest to you you don’t want to fire them. Anyone successful in business knows that.
As I recall, duckduckgo operates with fewer than 30 employees. Pretty sure Twitter doesn't need 5000 employees. They also don't need six figure salaries, free lunches, or nap time.
Who were these "best" employees? The only thing I saw were politically aligned babies inside that company. Musk is probably looking at this platform as just the start of THE major social media company. Talking about Facebook, Instagram and RUclips all rolled into one. The ONLY reason Musk is getting backlash is because he says he no longer leans Left. That is only important to a few that make politics their lives (which is pathetic). For regular people like me, I can see the future in this.
He sold billions worth in Tesla share when it was at its peak. But to prevent a run on tesla by panic investor, he said he was selling tesla to buy twitter. Then he backed out of the Twitter deal. However by then he got on the hook to buy twitter by a potential SEC investigation because what he was doing was market manipulation,
Elon was upset that Twitter dumped Trump so in a fit of pique and a I’ll show them attitude and without thinking it through he signed a contract to buy Twitter at a high price. He then realized his mistake and tried to get out of the contract but the very smart CEO said a deals a deal so pay up. And here we are.
Most people think that investing in cryptocurrencies is just buying and holding until it rises, but the best investments on cryptocurrency is by putting it on trading/mining.
Lots of people are making massive profits from the crypto market, all you need is some relevant information and some pro tips, it is totally inappropriate for investors to hang on while taking falls.
yes indeed remember his solar company debacle? He had Tesla shadily and questionably “save” it from bankruptcy. Plus also many professional short sellers like Marc Cahodes and Jim Chanos have done deep analysis on Tesla and its debt problems and come to the conclusion that technically, Tesla should have also gone bankrupt
The reason I don't use Twitter is because it only matters if your a Celebrity or someone really important. Otherwise, what you say yourself falls know where. Least with Facebook, you know who's going to see your posts, or whom might. Your not trying to reach people you don't know, just the digital ones you do know.
Yeah exactly - like I genuinely don't see the point in posting my thoughts or parts of my life to a bunch of strangers. I don't judge, it's just never made sense to me personally.
When he fired all of those people that made 3 months of salary due at once when they are already short.😂and they still have to hire more people to pick up the slack 😂
@@loriann1506 it’s funny how people think this will make him go poor the guy out there changing the world electric car space ships what you reuse chips in brains to help people walk again solar power he see what the people what and make it the guy shoots cars in space for fun he probably how long would it take you to pay off a electric car think about it he got lawyer money and he will get better lawyer then anyone trying to sue him
Twitter was a cesspool long before Musk...he just seems to be accelerating the decomposition process. As for the bankruptcy, he grossly overpaid for the company, drove a stake into the heart of its primary source of revenue, and likely fired some of the people with the institutional knowledge needed to keep the infrastructure afloat, so yeah, it seems conceivable that they may have some financial struggles on the horizon if the company doesn't manage to reinvent itself.
This report is making me think that elon is doing right thing for twitter. "As the old thing made loss in 8 out of 10 years" Not to forget it is a business.
The great shaking of the tree - showed just how much dead wood there was in the company. After a good pruning it will be a much more functional company.
After some thought i think that debt was from elon borrowing $12b to purchase twitter. Is that right? Elon didnt pay $44 pb with cash, some was from loan
@@outforbeer Its probably from share buy back to become private. They decide to buy the share back around 52$ per share which is way to high as its normally traded at around 30 dollars.
@@outforbeer Lol, what? Musk brought in that debt, he bought Twitter by borrowing 13B from banks with Twitter as collateral. So these 13B is now Twitters debt, plain and simple.
Elon may prove you wrong… he already dumped the advertisers that pulled out. It’s actually amazing that he hasn’t caved to their demands and takes the 4mil hit daily. That’s a hint he doesn’t really need them. It may turn out they will need him.
@@501Labsmusic My God there's actually no way you think that Elon Musk gained wealth out of competent and smart business skills. He was born rich. He didn't invent PayPal or even Tesla.
Twitter might go bankrupt? After he offered to buy it out of the blue at $44bn just months ago? It's true what everyone's saying then- this guy's a GENIUS!
It is amazing how one man can destroy a company, the lives of its employees, business relationships and a communication method between people because he felt like it and does not like bitcoin spam bots.
Question: Can somebody explain to me how debt had risen from 600 million pre-acquisition to 13 billion (13.000 million) post acquisition? How could the debt skyrocket so quickly in such a short time period?
twitter has been a dead platform, it’s only ever useful for news and reaching out to companies when you need customer support. for me anyway, he overpaid for it.
Musk took the debt on to buy the company... that is about to be worthless.. Twitter debt was only 600 million until Musk took out loans to buy Twitter. Now its debt is 13.6 billion. With revenue sources leaving... It isn't payroll. Twitter is 13 billion dollars in debt owning itself.
Payroll is always the biggest expense. The office space is probably leased. In addition to electricity, water and natural gas are not free. There's also office supplies. And many other things that have to be paid for.
something don’t smell right. They were required to give him access to the balance sheets and income statements BEFORE he closed “the deal”. Why would he buy Twitter and still go through with it if he knew there was a possibility of bankruptcy? Something don’t smell right here.
So he buys a company without Due Diligence, pays over the top price and now the Bankruptcy is being touted. Once he files for Bankruptcy he will then have Tesla buy it.
@@spacetoast7783 I have to put asterisk there otherwise WSJ will not allow this comment. They give you a popup where they tell you that you are not being nice when you want to use obscene insults lol. Edit: Oh, you mean _that_ N-Word XD
@@telescopicS627 The employees are fine. Most of them got at least a million dollar from their stock option. Elon is so dumb, that fool bought twitter at $54, and the employees each had between 200k to 500k stock options. The issue is that Saudis are investors. They want the data about their political opponents. Same with Russia and China, they own Elon.
You can layoff employees but have to keep them on the payroll for min 60 days after. Not sure what ex- employees can do with lawsuits. Some got even more I think, like a weeks worth of pay extra for each year worked.
@@LocoKickAss worked in HR for 16 years I suggest you look up labor laws a company the size of Twitter needs to give notice when they're doing Mass layoffs we're not talking about one employee getting laid off randomly we're talking about 2,500 Plus not including internationally
Thank you so much Elon Musk! You are paying for all of our mistakes - you are balancing out the corrupt system - you are fighting for freedom and fairness - definetly MVP of the earth
@@kateblack9149 Doesnt matter - free speech is so much more important than a few billions. And since Musk is going to be a much better ceo Im sure in the future twitter will become a trillion dollar company.
Wouldn't bankruptcy just be "zero interest repayment"? That could actually work out very well for Twitter in the long term. Bankruptcy is a tool first and foremost.
Yes and no. Bankruptcy would give him (possibly) a low interest rate, but it's not always zero. BEEN THERE ... DONE THAT ... didn't get a T-shirt, though. However, I would think that he might lose his equity position. Lot of the creditors will have to be paid. So, I don't see how he wins, buying it for $ 44B and headed to bankruptcy. Judge / Trustee might take some of his equity and give it to creditors.
@@modernexistence4206 You don't want to be associated with Losers, so successful companies are gonna stay away from the Dumpster Fire that Twitter has become.
Yep and own the code which Twitter is built on and the code could be used to further starlink’s progress around the world instead of creating he bought the programming brilliant
I'd like to see that too, but he most certainly won't. He might not be the richest man on the world anymore, after this trainwreck he caused, but he will most likely still be a multi-billionaire.
A gifter doesn't make a rocket on its own... He is one of the smartest man... He knows anything can go wrong with Twitter but he goes for it... Because he has more than enough to live his life comfortably...
Stop…just stop 😭 He’s smart..he’s sooo smart 😭 He started coding in high school 😭 He’s just destroying Twitter to own the libs 😭 You just don’t get it 😭 I want him and Joe Rogan to double team my girlfriend 😭
Workers are high demand tech people. They can get jobs elsewhere. This isn't like coal miners who only know how to mine coal. There are a lot of other companies hiring.
@@rebeccakeller4666 I agree in part but, all companies are scaling back to meet the reduced demand. Look at Meta, 11,000 hit the streets. Google 10,000. That makes for a lot of people pounding the proverbial electronic pavement. So much emphasis has been put on computers and tech for the last 30some years and trades people have been pushed aside. Now there’s nobody to build your home, there’s nobody to fix your car, your appliances etc. Sort of vicious circle has been created and I was trying to pay for it. 30 years ago I approach the bank for a small business loan from a construction company and he refused me. Although they did add if you have anything revolving around computers will be more than happy to give you money. I replied to the employee that computers need a building to be in you can’t have a computer on the street with its operator typing away. I don’t know if you have your own home but do you know what it’s like to try and get a trades person to come and fix something or to build something for your home. My clients are extremely loyal and they know how difficult it is to find someone who is competent and reliable. So they’re more than happy to see me walk through the door.
I’m sure applying for bankruptcy (something that many revisit folks are not allowed to do when they make a bad investment- I.e student debt), will give him some hidden tax break that he can exploit later
If he thinks he can get the lenders to take a write down on the 13B in takeover debt only to let him sell more Tesla to fund the bailout, He's out of his mind.
Hoping this happens for Facebook, Reddit, Instagram and anything else similar too! It is screwing up our entire GenZ generation! So addictive and resulting in most of us waste our time and mental health! Creating content on Instagram with fake emotions( like you’re happy) but in real you’re depressed! Then there’s reels, fake news, bots and privacy concerns for many…. Lots to talk about. I personally think twitter heading for bankruptcy would be a step in the right direction and these other platforms should follow suit!
Nikkil kaarthik, I'm on the same page as you. I cannot have a conversation with friends anymore without them flashing up farcebook to inform me of what they have been up to and bashing me over the head with wokeipedia to prove their point. They've become like a load of twits.
How can it cost so much to run Twitter? It really doesn't seem like a complicated site/product/network. And... eight dollars... a month? I thought that was a one-time fee.
What about the data being saved there? And the way it is managed? Gotta watch the server costs, infrastructures. So far gotta watch the servers and the data which cost a good amount of time
Data storage is like 50% of their costs. Twitter is a lot more complicated than it seems, based on how quickly it’s meant to be delivering large amounts of data. Runs pretty differently compared to most social media platforms.
The analysis I've seen say the overheads account for 30% or so. The rest is people. 7,000 internal + 4,000 external contractors. 7,000 * 230,000 = ~$1.6 billion in wages for the internal staff.
Its a cool little trick the super rich can do. Example, I am going to buy your business for $10 billion. Gos to the the bank i need a loan for $10 billion to buy this business. So he owes the bank $10 billion, right? WRONG! He says the business he just bought for the $10 billion owes the bank the money, not him personally but he owns the business. Nice little trick.
Basically starlink is Elon’s priority… But it needs a user base to be viable. Twitter is a part of that. This guy I think, has visions that we laugh and think are crazy. However, he currently has the reach more than ever. At this moment in time, he probably has more reach to be heard than any other person on the planet. That’s a power that’s hard to measure and I think he knows exactly what he is doing for the visions he personally has. And as crazy as they always sounded … they have materialised. Bankruptcy is something he regularly says about all he’s projects. But I see it as he’s management style to motivate the the people he employs. May be a harsh way to motivate people but still one way and he’s way.
Bankruptcy is a strategic move. In bankruptcy, leases can be cancelled and with lower headcount, Musk could move twitter to Texas. Texas has no state income tax, skilled workforce, lower property values, and is pro business. That move would save hundreds of millions.
@@ronaldorivers236 While advertisers flee he hits record user activity. The advertisers will soon abandon the woke for the money and the media will move on so they can cash in all the record amount of new users.
What? You're just making excuses for him. Elon said there were too many bots on Twitter. The fanboys were saying he did this so he could buy Twitter at a lower price. Didn't work. He had already signed a contract.
you have to give kudos to the former CEO of Twitter. he gave his shareholders $44B of cash and left Elon holding the bag for it. he was truly a savior to his shareholders.
He was a relatively unknown employee. People say the board hired him as CEO just so they could keep up good looks till someone bought.
@@drakes4625 still what a legend
Elon thinks he was all that, and now he just lost $44b 😂😂😂 .
Exactly, now that's what I call CEO. Lured Musk in, once Musk realized he got duped and tried to escape, forced him to complete the deal in the most spectacular way, finally got sweet severance when fired.
He did his job, but 2/3 of his employees got fired or quit on their own.
If Twitter were to go bankrupt, it would be interesting to see if some similar style company took its place, or if it would be the end of Twitter style social media.
i hope so
Twitter wouldn't go under, someone would swoop in and buy it for peanuts (likely Meta).
It's more likely gonna be the end of this kind
@@cyberskunkworks4117 - Feds wouldn't let meta buy it....
I think its funny how they push this when Twitter is setting records. Advertisers will forget about you all when they realize you are all broke trolls and real people are going back to Twitter ready to spend. lol
So he paid $44 billion just to go bankrupt? GENIUS!
And ruin his reputation in the process!
He's playing 4D chess
@@robertjamesonmusicI’m glad you acknowledge he has a stellar reputation before twitter 😏
@@chad9971 Like Putin.
You're brainless to believe this nonsense
He could've just paid the $1 billion breakup fee to get out of the Twitter deal. Now he's at risk of losing $27 billion!
That breakup fee was for a very narrow set of circumstances, not a choice for him to exercise
The dangers of running your mouth. If he has just acquired this company quietly, he would have ducked 80% of these problems.
Spot on. You are totally correct there, and if he wouldn't have hyped himself up to be a god. real stupid.
He didn't want to buy Twitter. The running his mouth bit was the plan. It was designed to excuse him for cashing out some grossly overvalued Tesla stock and thereby realise some of his paper fortune without spooking the market. That's why he did the public poll - so he could say that he was breaking his promise about his money being the last out of Tesla only because the public demanded it and it was for the greater good (you'll see him use a lot of this "saving the world" shtick to soften up investors to excuse his poor corporate performance and broken technical promises and sell them on the next one, much like Elizabeth Holmes did with Theranos). Then there was supposed to be some technicality that prevented the sale going through, but he would have already sold his Tesla stock by then and the market was supposed to forget that the major shareholder had dumped billions of dollars worth of stock in the last year, so maybe it would be worth examining Tesla's fundamentals such as P/E Ratio and Price to Book Value to determine what it was really worth. Unfortunately for Musk, the Twitter executives understood corporate law far better than he does, or at least they acknowledged their expertise limitations and paid people that do understand it to explain it to them, so they called Musk's bluff. He tried going to court to get out of the purchase but the court ruled that he would be breaking the law if he didn't follow through, so this became a rare case where Musk would be held accountable for one of his many public promises that he had no intention of keeping. His problems are all of his own making. Paying a massive premium for an unprofitable business was a good start, immediately followed by sacking the executive team in a fit of pique, so that he could have a victory over the guys that beat him in court, if you can call simultaneously paying golden parachutes out of a failing corporation and losing the people that understand corporate law and the business itself a victory. He's gone from strength to strength from there, implementing and cancelling an ill-considered verification program but not before verified but fake accounts purporting to be genuine corporate accounts such as Eli Lilly made announcements that wiped billions of dollars off their share prices, resulting in advertisers, Twitter's main income source, abandoning the platform, destroyed the 2-factor authentication system when attempting to remove unnecessary processes, locking people and businesses out of their accounts, closed down the offices for several days almost immediately after declaring that everyone must work in the office, because he sacked the person in charge of building access, and asked many of those that he unceremoniously fired to come back to work because it turns out that they were critical. Although I don't see a way out, except maybe imprisonment for securities fraud for his pump and dump false announcements at Tesla (e.g. Tesla Semi, Full Self-Driving, etc.) prior to selling billions of dollars worth of stock (the only reason he avoided prison on his privatisation announcement fraud charge is because they couldn't identify subsequent trading he had profited from), I don't think bankrupting Twitter would be good for Elon's health, because there is a Saudi Prince that stands to lose almost $2 billion if that happens.
And waited until he understood the business before trying to remake it.
Kind of like the Twitter employees who ran their mouths and are now unemployed. 🤣😂
He bought Twitter so people like him can run their mouth on the platform
He moved to Texas so he wouldn’t have to pay CA taxes and then he put 44 billion on fire 😂
That's a pro move
@@blackburnheart losing $44 billion? 😂
Everyone goes bankrupt it the smart movie if you know what youer doing keep the assets and the company starts back over with out having to pay all the money back what the company has bin losses over the years rich people do it all the time you think a twitter is going to make Elon poor the guy shoots cars in space for fun
Didn’t he move because they would not open the factory because of CA hard Covid lockdowns
@@chrism8324 As a successful businessman he have to care
Even though it's unlikely Twitter will collapse entirely, imagining a world without it is rather nice and peaceful.
The world “nice and peaceful” is laughable.
You misspelt "ignorant"
Another platform is going to replace it twitter isn’t the problem it’s people
Twitter users would then plague other social media platforms, i’d rather they stay on twitter
Why is it unlikely that it will collapse?
When you over pay for a company by ten times it's actual value then what would you expect?
10x? I think consensus was he paid about 2x what it was worth. Where are you getting 10x?
No way Twitter was worth even 20 billion when it cannot even generate 1 billion in sales annually
2x before he bought it, 10x after he launched his new policies. 😂
@@markhirstwood4190 He paid about 4 times what it was worth - even he admitted he way over paid for it. Assuming you legit thought this business could earn 2 billion a year, it would be worth maybe 10 to 12 billion. However, I cannot imagine how it could earn that amount regularly when most years it lost money. I think there was one year where it made about 1.5 billion. A more reasonable price from an astute investor would have been 4 to 5 billion and that is assuming there was a path to profitability.
That’s because the money isn’t made in twitter. Being the most followed account on Twitter has estimated worth of over $1B in itself.
Plus he’s a free speech absolutist, which I love, and this amount of money is nothing to him to right the ship. It will pay back 10x in one form or another.
The musk facade is crumbling and here for it
Nope. They’ll just say it was a grand chess move or some other sycophantic master plan bs.
@kman2000alm he has just just fumbled his way to the top because he was born into immense wealth,over working, underpaying and brainwashing people that they are gods work but it’s all glorified vanity projects. He has never invented anything his stocks are plummeting and all he cares about is being the lordiest of all the meme lords
Facade? What’s not real about what he’s doing?
@@gard2310 I guess we'll find out. If I were a betting man and I had to choose between a random broke youtube commenter and the richest man in the world I'd place my stakes on the latter. Nobody fumbles their way to being the richest man in the world no matter how wealthy a family they were born into. Ignorant people gain and lose all their wealth every single day. You have to be a grade above average to consistently make intelligent decsions. I'm not saying Elon is infallible, but I simply don't believe he's willy nilly making these drastic changes without foresight into how they make twitter viable financially in the long run.
He wants the infrastructure of twitter’s programming the base line because it’s all based on code and the code twitter is built on could go towards his satalite system boom 💥
Why would somebody spend $44 billion on a company that is not even worth 10 billion? And why would you fire all of your best employees even if they didn’t talk well of you. The people that don’t agree with you all the time or the ones that you want to keep closest to you you don’t want to fire them. Anyone successful in business knows that.
I’m suspicious that he’s doing it at the request of his lenders, who represent foreign interests
As I recall, duckduckgo operates with fewer than 30 employees. Pretty sure Twitter doesn't need 5000 employees. They also don't need six figure salaries, free lunches, or nap time.
there's nothing wrong with firing ppl that eat chips all day.
@George the gun walker I think he is talking about Elon firing all the high level executives which formally disliked him.
Who were these "best" employees? The only thing I saw were politically aligned babies inside that company.
Musk is probably looking at this platform as just the start of THE major social media company. Talking about Facebook, Instagram and RUclips all rolled into one. The ONLY reason Musk is getting backlash is because he says he no longer leans Left. That is only important to a few that make politics their lives (which is pathetic). For regular people like me, I can see the future in this.
It was told best on SNL that Musk beat out the next highest bidder for Twitter of zero dollars. 😂
You scored. LOL.
ruclips.net/video/ItiYUVJZLqo/видео.html
I love the poor-bashing that goes on in these threads. People worship a rich man as god.
Spoiled "god".
Capitalism buys people's decisions, from birth, 'til death.
Agreed. These so-called leaders brainwash weak minded followers. Followers are gullible, they buy into whatever sounds persuasive.
So why did we have to worship the previous billionaire? I mean he was god when he was censoring the OP but now? I dont get it?
I've spent enough time around poor people to know 90% of the bashing is justified. It's not hard to be middle class.
I'm rooting for the demise of Twitter, and Facebook also...
InstGram
😆 🤣
It’s happening
I am still thinking what was Elon's rationale behind this acquisition. Whatever it is he completely misread it.
He sold billions worth in Tesla share when it was at its peak. But to prevent a run on tesla by panic investor, he said he was selling tesla to buy twitter. Then he backed out of the Twitter deal. However by then he got on the hook to buy twitter by a potential SEC investigation because what he was doing was market manipulation,
Yeah, me too. Doesn't seem like the smartest choice ever.
Elon was upset that Twitter dumped Trump so in a fit of pique and a I’ll show them attitude and without thinking it through he signed a contract to buy Twitter at a high price. He then realized his mistake and tried to get out of the contract but the very smart CEO said a deals a deal so pay up. And here we are.
I guess he wanted the power that comes with controlling media.
U know all his companies are declining in value
Most people think that investing in cryptocurrencies is just buying and holding until it rises, but the best investments on cryptocurrency is by putting it on trading/mining.
Trading with an expert is the best strategy for newbie's and busy investors who have little or no time to monitor their trade.
I heard about him on CNBC and I reached out to him and in 2week i made a profit of $16,320.
Lots of people are making massive profits from the crypto market, all you need is some relevant information and some pro tips, it is totally inappropriate for investors to hang on while taking falls.
I feel like every company Elon Musk touches gets close to bankruptcy at one point or another.
He fails upward after slapping his name on other people’s work
@@WeeWeeJumbo Not at all. It was Elon doing all of the work. People claim to start companies, but failed at inventions.
@@WeeWeeJumbo Tesla was a shell company before Elon took over it
yes indeed remember his solar company debacle? He had Tesla shadily and questionably “save” it from bankruptcy. Plus also many professional short sellers like Marc Cahodes and Jim Chanos have done deep analysis on Tesla and its debt problems and come to the conclusion that technically, Tesla should have also gone bankrupt
Then he 'sleeps in the office' it into to profit again. Not sure it will work this time though.
The reason I don't use Twitter is because it only matters if your a Celebrity or someone really important. Otherwise, what you say yourself falls know where. Least with Facebook, you know who's going to see your posts, or whom might. Your not trying to reach people you don't know, just the digital ones you do know.
Facts...
Yeah exactly - like I genuinely don't see the point in posting my thoughts or parts of my life to a bunch of strangers. I don't judge, it's just never made sense to me personally.
you're*
@@theTranscendentOnes sooo wat
I highly recommend you guys watch Adam Conover. He breaks down how Elon Musk and his "genius" was always a front to manipulate investors.
Is that Adam Something?
watched it few hours ago 😍
Why would I care?
@@lesliecas2695 No, they are separate people with separate channels
I hope it mentions his fake "physics" degree which he touted for years before that was exposed as a fraud
When he fired all of those people that made 3 months of salary due at once when they are already short.😂and they still have to hire more people to pick up the slack 😂
Where’s all his lawyers??? He’s needed them for all the lawsuits 😂
@@loriann1506 it’s funny how people think this will make him go poor the guy out there changing the world electric car space ships what you reuse chips in brains to help people walk again solar power he see what the people what and make it the guy shoots cars in space for fun he probably how long would it take you to pay off a electric car think about it he got lawyer money and he will get better lawyer then anyone trying to sue him
That is not how it works.
@@loriann1506 wassup homie
@@KrinchiD no I know he only wants to give people two months salary when he fired them, he’s getting sued!! Merry Christmas 🎄 ❤️🔥❤️🔥❤️🔥
It's the Dead Parrot sketch revisited: "It was alive when you bought it!"
He's not the Messiah!
He's a very noughty boy!
Twitter was a cesspool long before Musk...he just seems to be accelerating the decomposition process. As for the bankruptcy, he grossly overpaid for the company, drove a stake into the heart of its primary source of revenue, and likely fired some of the people with the institutional knowledge needed to keep the infrastructure afloat, so yeah, it seems conceivable that they may have some financial struggles on the horizon if the company doesn't manage to reinvent itself.
Jeez journalists never ever seen to be ultimately 100% wrong about Elon Musk. Nope never.
This report is making me think that elon is doing right thing for twitter.
"As the old thing made loss in 8 out of 10 years"
Not to forget it is a business.
The great shaking of the tree - showed just how much dead wood there was in the company. After a good pruning it will be a much more functional company.
I've noticed that WSJ has been promoting posts on Twitter.
How did twitter go from 500 mil debt to $13b debt?
After some thought i think that debt was from elon borrowing $12b to purchase twitter. Is that right? Elon didnt pay $44 pb with cash, some was from loan
@@outforbeer Its probably from share buy back to become private. They decide to buy the share back around 52$ per share which is way to high as its normally traded at around 30 dollars.
Musk borrowed money to finance the takeover. He arranged so that the debt is shouldered by the company instead.
But 420, 69 lols?
@@outforbeer Lol, what? Musk brought in that debt, he bought Twitter by borrowing 13B from banks with Twitter as collateral. So these 13B is now Twitters debt, plain and simple.
I'm surprised Elon Musk didn't know all this before he made a purchase... well I guess he use that as a lost on his tax return
I think he realized it after he signed the contract as he tried bailing but was forced to honor the bid he made and the contract he signed.
If he did that, then it would have to be tesla that acquired twitter, not Elon. Elon sold tesla stock to buy twitter.
Musk should have to pay back the loans he got to buy it - even if he declares bankruptcy. But he will get away like Trump by abusing our laws.
Coming from the WSJ I take everything with a pinch of salt . . . like my fish and chips
Twitter is an advertising agency in a market so saturated and absolutely redundant that to think it could have ever been a profitmaker is comical.
Where's the billions you've gained from your incredible insights and strategic financial moves in life?
Elon may prove you wrong… he already dumped the advertisers that pulled out. It’s actually amazing that he hasn’t caved to their demands and takes the 4mil hit daily. That’s a hint he doesn’t really need them. It may turn out they will need him.
@@zubz8606 do you actually believe that or you are just capping???
@@501Labsmusic My God there's actually no way you think that Elon Musk gained wealth out of competent and smart business skills. He was born rich. He didn't invent PayPal or even Tesla.
@@jacobitosuperstar what is capping
Twitter might go bankrupt?
After he offered to buy it out of the blue at $44bn just months ago?
It's true what everyone's saying then- this guy's a GENIUS!
It is amazing how one man can destroy a company, the lives of its employees, business relationships and a communication method between people because he felt like it and does not like bitcoin spam bots.
We will never know what this guy is thinking. Him saying twitter bankruptcy is little suspicious.
Question: Can somebody explain to me how debt had risen from 600 million pre-acquisition to 13 billion (13.000 million) post acquisition? How could the debt skyrocket so quickly in such a short time period?
Borrowing money to pay the shareholders I guess
He didn't have $44B in cash so Musk borrowed $13B from banks to help pay for Twitter.
When the new owner is a bombastic dunce
The debt ballooned because during the buyout, Musk put the $12 billion or so of debt he took out to buy the company *on to* the company's books.
Maybe he gave twitter shares as collateral for buying twitter
twitter has been a dead platform, it’s only ever useful for news and reaching out to companies when you need customer support. for me anyway, he overpaid for it.
Because he’s got a big mouth.#putyourmoneywhereyourmouthis
I think he wanted it for pumping Tesla, DOGE, and his other pets.
He tried to get out of the deal.
@@Mike-fx4nu well yea it can benefit him he aint stupid it took him 6 months to reconsider buying it
@@CaptainGSR but i rather pay 1B if i wont continue the deal rather than losing 44B
If anyone can save Twitter, it’s Elon Musk… he’s a Genius, you know? He’s like the real life Tony Stark!! 🤡
Yes, in the sense that they’re both fictions billionaires.
*fictional
Elon does not have the government to bail him out the way they did for tesla.
How does a “digital company” go in debt? This is fascinating
Computer servers consume a lot of power. And power cost money.
Musk took the debt on to buy the company... that is about to be worthless.. Twitter debt was only 600 million until Musk took out loans to buy Twitter. Now its debt is 13.6 billion. With revenue sources leaving... It isn't payroll. Twitter is 13 billion dollars in debt owning itself.
Payroll is always the biggest expense. The office space is probably leased. In addition to electricity, water and natural gas are not free. There's also office supplies. And many other things that have to be paid for.
You need to take an accounting class. It's a basic concept.
@@dionc6 yep payroll takes part 70% it is the Human Resources
When someone makes as much money and pays Elon levels of tax…losing is just a write off.
I certainly hope so
something don’t smell right. They were required to give him access to the balance sheets and income statements BEFORE he closed “the deal”. Why would he buy Twitter and still go through with it if he knew there was a possibility of bankruptcy? Something don’t smell right here.
So he buys a company without Due Diligence, pays over the top price and now the Bankruptcy is being touted. Once he files for Bankruptcy he will then have Tesla buy it.
Good if will be part of Tesla comms. Tesla Inc would become a giant conglomerate.
he leveraged so much tesla stock to buy twitter, they basically own it now.
twitter should just be a NGO like wikipedia.
So, he didn't say that... Got it. Thanks!
44 billion down the drain. lol. Super Genius Musk. I personally look forward to the day a bank owns twitter. Return some stability to the platform.
Interesting. Curious to see what happens.
More interviews with Accountant Nick Cage please!
Same media that said FTX and Theranos founders were the next Steve Jobs.
Welcome to neoliberalism, bro!
@@_karla._ thanks Reagan!
@@jolness1 What a piece of s*** that guy was, unbelievable. Almost as bad as Nixon.
@@_karla._ Please don't use the n-word here
@@spacetoast7783 I have to put asterisk there otherwise WSJ will not allow this comment. They give you a popup where they tell you that you are not being nice when you want to use obscene insults lol. Edit: Oh, you mean _that_ N-Word XD
Elon Musk’s memoire “How to torpedo a company in 6 months”
*this video will do more good for twitter than bad, WSJ*
u sound like a genius explain it to me like I'm 5
@@e4superfly your rhetorical comment proved your supreme intellect
true 100%
$860 millions for 3750 employees. That’s $229,300 per employee per year.
And we're supposed to feel sorry for them...
@@telescopicS627
The employees are fine. Most of them got at least a million dollar from their stock option. Elon is so dumb, that fool bought twitter at $54, and the employees each had between 200k to 500k stock options.
The issue is that Saudis are investors. They want the data about their political opponents. Same with Russia and China, they own Elon.
if elon had just bought it without fuss it wouldn't be this way
I believe you’re right. Musk... what a “genius”!
He was showboating. He always wants to be in the headlines, which he got again for sure.
Both China and US has been demostrating there's no such thing as too big to fail in their country
They also blatantly broke labor laws by laying off that many people without notice. those lawsuits are going to add up
Yep, and Melon Tusk is not even aware that other jurisdictions, eg in EU, AU, NZ, have much tougher regulations on labor protection.
You can layoff employees but have to keep them on the payroll for min 60 days after. Not sure what ex- employees can do with lawsuits. Some got even more I think, like a weeks worth of pay extra for each year worked.
@@LocoKickAss worked in HR for 16 years I suggest you look up labor laws a company the size of Twitter needs to give notice when they're doing Mass layoffs we're not talking about one employee getting laid off randomly we're talking about 2,500 Plus not including internationally
@@LocoKickAss w.a.r.n act. if more than 500 employees are laid off in under 30 days they need at least 60 days notice in America
@@GARBO96 if they are still on the payroll for 60days after laid off, does that mean they technically dont have to give notice?
I don't use Twitter, i use Meta, i have to find a Zuckerberg video
Thank you so much Elon Musk! You are paying for all of our mistakes - you are balancing out the corrupt system - you are fighting for freedom and fairness - definetly MVP of the earth
True Elon is for free speech but he has lost a lot of money buying Twitter he have the board help run the company a little before firing them.
@@kateblack9149 Doesnt matter - free speech is so much more important than a few billions. And since Musk is going to be a much better ceo Im sure in the future twitter will become a trillion dollar company.
Wouldn't bankruptcy just be "zero interest repayment"? That could actually work out very well for Twitter in the long term. Bankruptcy is a tool first and foremost.
Advertise don't want to advertise on a bankrupt platform though
@@vyros.3234how does this make sense?
Yes and no. Bankruptcy would give him (possibly) a low interest rate, but it's not always zero. BEEN THERE ... DONE THAT ... didn't get a T-shirt, though. However, I would think that he might lose his equity position. Lot of the creditors will have to be paid. So, I don't see how he wins, buying it for $ 44B and headed to bankruptcy. Judge / Trustee might take some of his equity and give it to creditors.
@@modernexistence4206 You don't want to be associated with Losers, so successful companies are gonna stay away from the Dumpster Fire that Twitter has become.
This story, however it ends up, will be taught in business classes for years to come.
Yeah don’t ask your employees to “work hardcore”. Not everyone is an aspirational 20-something straight outta college
Yeah of what not to do.
Musk should "buy" meta next.
Aye Elon ... Human speech can't be controlled like batteries.
I’ll not pay a penny for Twitter.
Man, they will really make any video if they're able to put Elon's name in the title
I thought he had a grand scheme but doesn't look like it.
Thank you eElon for protecting the world time and time again. Meteorite, political polarisation, Skynet, Global warming.
I pray to GOD that Twitter declares bankruptcy soon.
Elon Musk buys companies the same way I buy useless thing from Amazon. The only difference is I can return them.
He paid 44 billion to destroy twitter
Yep and own the code which Twitter is built on and the code could be used to further starlink’s progress around the world instead of creating he bought the programming brilliant
He was able to get spacex and tesla out of bankruptcy so this will be interesting.
I hope he goes broke. Such a nasty grifter.
I'd like to see that too, but he most certainly won't. He might not be the richest man on the world anymore, after this trainwreck he caused, but he will most likely still be a multi-billionaire.
A gifter doesn't make a rocket on its own... He is one of the smartest man... He knows anything can go wrong with Twitter but he goes for it... Because he has more than enough to live his life comfortably...
Didn’t they say the same thing about spacex rockets not being successful?
Stop…just stop 😭
He’s smart..he’s sooo smart 😭
He started coding in high school 😭
He’s just destroying Twitter to own the libs 😭
You just don’t get it 😭
I want him and Joe Rogan to double team my girlfriend 😭
MAGA tears. Delicious! 😭
I think I’ve seen this one..remember the massively popular Yahoo and AOL? Tumblr anyone?
So Twitter is already suffering, and than musk came in and destroyed it. Really musk i thought you were a genius not a scumbag
His midlife crisis impulse is just getting too out of control for his advisors and lawyers to keep up.
Cope and seethe. He's not a genius but a spoiled investor who writes apparently bad looking code.
@@Iquey he's also the genius who said Linux servers were problem, and demanded switching to Windows Server without any justification lol.
Why they don't try,pages of twitter in between will show advertisements
This may be a strategy to scare employees into producing more on the workplace. Work harder or lose everything!
Workers are high demand tech people. They can get jobs elsewhere. This isn't like coal miners who only know how to mine coal. There are a lot of other companies hiring.
@@rebeccakeller4666 I agree in part but, all companies are scaling back to meet the reduced demand.
Look at Meta, 11,000 hit the streets. Google 10,000.
That makes for a lot of people pounding the proverbial electronic pavement.
So much emphasis has been put on computers and tech for the last 30some years and trades people have been pushed aside. Now there’s nobody to build your home, there’s nobody to fix your car, your appliances etc.
Sort of vicious circle has been created and I was trying to pay for it.
30 years ago I approach the bank for a small business loan from a construction company and he refused me.
Although they did add if you have anything revolving around computers will be more than happy to give you money.
I replied to the employee that computers need a building to be in you can’t have a computer on the street with its operator typing away.
I don’t know if you have your own home but do you know what it’s like to try and get a trades person to come and fix something or to build something for your home.
My clients are extremely loyal and they know how difficult it is to find someone who is competent and reliable. So they’re more than happy to see me walk through the door.
I still can't wrap my head around why would anyone wants to buy twitter or even own it
Hubris
Boycott Tesla cars. He should never have bought Twitter just to put Trump back on.
So on average an employee at twitter earns 230.000 dollar? Not bad. Not bad.
props to them for riding the game for this long
And they call a work day a trip 😂
That’s Bay Area standard salary for tech workers. This is why it costs $1m to buy a starter house.
Fake news. It's around 100k according to different search results on google, some even say it was lower than that.
@@SiLoMixMaster Realistically their Bay Area MLEs & data scientists had starting salaries between $135k & $150k
Twitter purchase is the dumbest decision he has made in his life.
A blue check mark for 8 bucks is funny.
Better than paying 800 for fake followers and still not getting a blue tick, which people have been doing for years 🤣
Is this a record? The most one man or person has lost.
I’m sure applying for bankruptcy (something that many revisit folks are not allowed to do when they make a bad investment- I.e student debt), will give him some hidden tax break that he can exploit later
So why pay 44B buy one bankruptcy
And whose fault is that, Elon? It turns out having limited terms of service that allows hatred turns away advertisers
If he thinks he can get the lenders to take a write down on the 13B in takeover debt only to let him sell more Tesla to fund the bailout, He's out of his mind.
Hoping this happens for Facebook, Reddit, Instagram and anything else similar too! It is screwing up our entire GenZ generation! So addictive and resulting in most of us waste our time and mental health! Creating content on Instagram with fake emotions( like you’re happy) but in real you’re depressed! Then there’s reels, fake news, bots and privacy concerns for many…. Lots to talk about. I personally think twitter heading for bankruptcy would be a step in the right direction and these other platforms should follow suit!
Nikkil kaarthik, I'm on the same page as you. I cannot have a conversation with friends anymore without them flashing up farcebook to inform me of what they have been up to and bashing me over the head with wokeipedia to prove their point. They've become like a load of twits.
44 billion flushed down the toilet
He’s getting more like Donald Trump by the day
nah.. Musk has a brain. he is just weird. Donald has duck size brain
Then Twitter will definitely go belly up
Trump2.0
How is it legal to put a pile of debt on a business and one month later say it could go bankrupt
How can it cost so much to run Twitter? It really doesn't seem like a complicated site/product/network. And... eight dollars... a month? I thought that was a one-time fee.
What about the data being saved there? And the way it is managed? Gotta watch the server costs, infrastructures. So far gotta watch the servers and the data which cost a good amount of time
Data storage is like 50% of their costs. Twitter is a lot more complicated than it seems, based on how quickly it’s meant to be delivering large amounts of data. Runs pretty differently compared to most social media platforms.
Websites like Twitter are extremely complicated
The analysis I've seen say the overheads account for 30% or so.
The rest is people.
7,000 internal + 4,000 external contractors.
7,000 * 230,000 = ~$1.6 billion in wages for the internal staff.
@@830927mjki Twitter spent $5.2 billion last year, wages would make up a little over a quarter of spending.
44 billions do not include all the debt??
They rather have twitter banckrupt than to see DT mean tweets🤣🤣
I literally don't even use Twitter, so I'm pretty neutral on this topic.
Maybe they will go bankrupt on April 20th.
4/20 blaze for elons bankruptcy
What, Hitler's birthday?
@@lenawagenfuehr53 Learn something new everyday & nope, I ment the weed thing.
Where did the debt come from?
Paperclips and staplers
420 posters & statues of the # 69.
From Elon Musk borrowing 13B to buy Twitter showing Twitter as collateral, ie 13B is now Twitters debt.
Its a cool little trick the super rich can do. Example, I am going to buy your business for $10 billion. Gos to the the bank i need a loan for $10 billion to buy this business.
So he owes the bank $10 billion, right? WRONG! He says the business he just bought for the $10 billion owes the bank the money, not him personally but he owns the business.
Nice little trick.
@@dmc8201 how did he take a loan out on behalf of a business he didn't own?
Musk miscalculated here. I hope no-one bails him out as he needs some humble pie
Twitter just need to be a plug-in to recharge the battery👌😀🔥
Regular people just think... Elon Musk think deeper...
@@BllyRy. ok.deeper... will be to use Twitter as a financial lost
Swanky buildings don't make a company... It's made by the people who work in those buildings.
Basically starlink is Elon’s priority… But it needs a user base to be viable. Twitter is a part of that. This guy I think, has visions that we laugh and think are crazy. However, he currently has the reach more than ever. At this moment in time, he probably has more reach to be heard than any other person on the planet. That’s a power that’s hard to measure and I think he knows exactly what he is doing for the visions he personally has. And as crazy as they always sounded … they have materialised. Bankruptcy is something he regularly says about all he’s projects. But I see it as he’s management style to motivate the the people he employs. May be a harsh way to motivate people but still one way and he’s way.
Lol what kind of kool aid did you drink?
@@youhigh321 I can’t tell you that… stop trying to get me in trouble dude lol
The real Tesla was a mad genius scientist...he went bankrupt , but at least he gave the world so many inventions. Musk gave us a lot of hit air
@@lenawagenfuehr53 yes he was great
wow the meme about buying twitter and make it bankrupt was true... and that was 2015 or something when i heard about it.
Bankruptcy is a strategic move. In bankruptcy, leases can be cancelled and with lower headcount, Musk could move twitter to Texas. Texas has no state income tax, skilled workforce, lower property values, and is pro business. That move would save hundreds of millions.
Exactly.
All that debt is not just taxes, Twitter gets its revenue from advertisers which at the moment are fleeing even declaring bankruptcy might not help.
Millions compared to the 44 billion. It is not a very smart move.
@@ronaldorivers236 While advertisers flee he hits record user activity. The advertisers will soon abandon the woke for the money and the media will move on so they can cash in all the record amount of new users.
What? You're just making excuses for him.
Elon said there were too many bots on Twitter. The fanboys were saying he did this so he could buy Twitter at a lower price. Didn't work. He had already signed a contract.
Wait. So he bought Twitter with Twitter's money Twitter borrowed with itself as collateral? How?!
No. He sold part of his Tesla stock - crashing the price in the process.