CayceG Posted April 25, 2022 Share Posted April 25, 2022 3 minutes ago, sblfilms said: He didn’t grow up extremely wealthy though. This is demonstrably false. 50 years of Elon Musk’s huge wealth, from emeralds to SpaceX and Tesla WEB.ARCHIVE.ORG The CEO has been the world’s richest man and played a key part in some of the most well-known technology companies around today Quote As a result of [his father's purchase of an emerald mine], the teenage Elon Musk once walked the streets of New York with emeralds in his pocket. His father said: “We were very wealthy. We had so much money at times we couldn’t even close our safe,” adding that one person would have to hold the money in place with another closing the door. “And then there’d still be all these notes sticking out and we’d sort of pull them out and put them in our pockets.” Quote Link to comment Share on other sites More sharing options...
chakoo Posted April 25, 2022 Share Posted April 25, 2022 Looking forward to twitters ban here Quote Link to comment Share on other sites More sharing options...
Firewithin Posted April 25, 2022 Share Posted April 25, 2022 so how quickly does the stock tank? Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted April 25, 2022 Author Share Posted April 25, 2022 1 minute ago, Firewithin said: so how quickly does the stock tank? If/when this acquisition occurs, there won't be any publicly-traded stock to tank. Quote Link to comment Share on other sites More sharing options...
Firewithin Posted April 25, 2022 Share Posted April 25, 2022 1 minute ago, Commissar SFLUFAN said: If/when this acquisition occurs, there won't be any publicly-traded stock to tank. he might as well have just set the 46B on fire then Quote Link to comment Share on other sites More sharing options...
Comet Posted April 25, 2022 Share Posted April 25, 2022 10 minutes ago, Firewithin said: he might as well have just set the 46B on fire then Maybe with one of those Boring Company flamethrowers! Quote Link to comment Share on other sites More sharing options...
Keyser_Soze Posted April 25, 2022 Share Posted April 25, 2022 36 minutes ago, Firewithin said: ill try this mastodan thing with the hope that things/people i follow would try it as well 3 furry communities already. Imagine how many after the mass exodus from Twitter! 2 Quote Link to comment Share on other sites More sharing options...
Jason Posted April 25, 2022 Share Posted April 25, 2022 31 minutes ago, sblfilms said: He didn’t grow up extremely wealthy though. Quote Link to comment Share on other sites More sharing options...
Firewithin Posted April 25, 2022 Share Posted April 25, 2022 7 minutes ago, Comet said: Maybe with one of those Boring Company flamethrowers! SYNERGY! Quote Link to comment Share on other sites More sharing options...
Guest Posted April 25, 2022 Share Posted April 25, 2022 25 minutes ago, CayceG said: This is demonstrably false. 50 years of Elon Musk’s huge wealth, from emeralds to SpaceX and Tesla WEB.ARCHIVE.ORG The CEO has been the world’s richest man and played a key part in some of the most well-known technology companies around today I believe you misunderstand the definition of the word “objectively”. The only thing in the article that gives any indication of the family finances was the ownership of a small plane, which the valuation puts them decidedly outside of any reasonable definition of extremely wealthy. Quote Link to comment Share on other sites More sharing options...
Jason Posted April 25, 2022 Share Posted April 25, 2022 Just now, sblfilms said: I believe you misunderstand the definition of the word “objectively”. The only thing in the article that gives any indication of the family finances was the ownership of a small plane, which the valuation puts them decidedly outside of any reasonable definition of extremely wealthy. they obviously didn't have that mad movie theater money Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted April 25, 2022 Share Posted April 25, 2022 Doesn’t matter if he was very well off or just merely “a little rich” it’s like arguing if bill gates came from wealth:they both had a privileged background (upper middle class at worst) that laid the foundations of their future success because of what their parents were able to afford them that 99% of their age cohort would not be able to do. They were in the right place at the right time and had the right background with a nice dash of luck. Quote Link to comment Share on other sites More sharing options...
Guest Posted April 25, 2022 Share Posted April 25, 2022 Just now, b_m_b_m_b_m said: Doesn’t matter if he was very well off or just merely “a little rich” it’s like arguing if bill gates came from wealth:they both had a privileged background (upper middle class at worst) that laid the foundations of their future success because of what their parents were able to afford them that 99% of their age cohort would not be able to do. They were in the right place at the right time and had the right background with a nice dash of luck. It does change the notion that @Comethad that Musk’s behavior comes from growing up extremely wealthy. He didn’t, and you can observe his wild behavior shifts in adulthood from the end of his run at PayPal and early days of Tesla/SpaceX. His extreme wealth today seems to be a more likely culprit for much of his worst tendencies. He is divorced from reality and has a cult of personality to pump him up every time he does Musk things. Prior to around 2008, he was a pretty reserved guy who honestly seemed to lack confidence. Then he got flithly rich, got hair plugs and some other cosmetic work, and embraced this persona he may have actually transformed into. Quote Link to comment Share on other sites More sharing options...
Jason Posted April 25, 2022 Share Posted April 25, 2022 2 minutes ago, sblfilms said: It does change the notion that @Comethad that Musk’s behavior comes from growing up extremely wealthy. He didn’t, and you can observe his wild behavior shifts in adulthood from the end of his run at PayPal and early days of Tesla/SpaceX. His extreme wealth today seems to be a more likely culprit for much of his worst tendencies. He is divorced from reality and has a cult of personality to pump him up every time he does Musk things. Prior to around 2008, he was a pretty reserved guy who honestly seemed to lack confidence. Then he got flithly rich, got hair plugs and some other cosmetic work, and embraced this persona he may have actually transformed into. Quote As a result of this, the teenage Elon Musk once walked the streets of New York with emeralds in his pocket. His father said: “We were very wealthy. We had so much money at times we couldn’t even close our safe,” adding that one person would have to hold the money in place with another closing the door. “And then there’d still be all these notes sticking out and we’d sort of pull them out and put them in our pockets.” 50 years of Elon Musk’s huge wealth, from emeralds to SpaceX and Tesla WWW.INDEPENDENT.CO.UK The CEO has been the world’s richest man and played a key part in some of the most well-known technology companies around today Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted April 25, 2022 Share Posted April 25, 2022 Yes but who doesn't have a safe to hold all their money and emeralds in? Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted April 25, 2022 Share Posted April 25, 2022 Dangerously close to diagnosing mental disorders from afar itt which I’m told is bad Quote Link to comment Share on other sites More sharing options...
Jwheel86 Posted April 25, 2022 Share Posted April 25, 2022 Slight upside if Musk buys Twitter and bans bots: conservative follow counts will drop like a rock and they'll turn on Musk. 2 Quote Link to comment Share on other sites More sharing options...
Guest Posted April 25, 2022 Share Posted April 25, 2022 12 minutes ago, CitizenVectron said: Yes but who doesn't have a safe to hold all their money and emeralds in? 1. it’s a story with no specifics from a notable embellisher. 2. I’ve had very large sums of cash in our business safe. Turns out revenue and profit aren’t the same thing Quote Link to comment Share on other sites More sharing options...
CayceG Posted April 25, 2022 Share Posted April 25, 2022 Me to everyone mourning the loss or change of a shitty social media space that hasn't even happened yet: Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted April 25, 2022 Share Posted April 25, 2022 I was obviously joking, but being rich (in terms of lifestyle) has almost nothing to do with balance sheets. Someone like Baron Trump has objectively grown up as rich, even if his family's net worth is massively in the red and entirely fraudulent. If I took out a $100k loan and lived it up lavishly for a month in some rich place, I could legitimately say I was living a wealthy lifestyle even if I was obviously about to be bankrupt. Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted April 25, 2022 Share Posted April 25, 2022 4 minutes ago, CayceG said: Me to everyone mourning the loss or change of a shitty social media space that hasn't even happened yet: Bruh have you had this screenshot handy since 1993? 2 Quote Link to comment Share on other sites More sharing options...
Comet Posted April 25, 2022 Share Posted April 25, 2022 30 minutes ago, sblfilms said: It does change the notion that @Comethad that Musk’s behavior comes from growing up extremely wealthy. He didn’t, and you can observe his wild behavior shifts in adulthood from the end of his run at PayPal and early days of Tesla/SpaceX. His extreme wealth today seems to be a more likely culprit for much of his worst tendencies. He is divorced from reality and has a cult of personality to pump him up every time he does Musk things. Prior to around 2008, he was a pretty reserved guy who honestly seemed to lack confidence. Then he got flithly rich, got hair plugs and some other cosmetic work, and embraced this persona he may have actually transformed into. I am arguing that he has likely been divorced from reality since an early age. Admittedly, his childhood seems to be the cause of a lot of unsubstantiated claims - from his father owning an emerald mine, to his family owning the biggest mansion in their corner of South Africa. However, I think wealth is entirely subjective and circumstantial. Owning a mansion or even a plane of any kind in the 70s and 80s in South Africa is going to divorce you from reality, especially in the sociopolitical climate of South Africa back then. Quote Link to comment Share on other sites More sharing options...
Jwheel86 Posted April 25, 2022 Share Posted April 25, 2022 Twitter has been sold. Quote Link to comment Share on other sites More sharing options...
johnny Posted April 25, 2022 Share Posted April 25, 2022 this sucks Quote Link to comment Share on other sites More sharing options...
osxmatt Posted April 25, 2022 Share Posted April 25, 2022 I’m no financial wizard, but selling a company for $54 a share when it was valued at $50-$51 a share (when it seemed like the Elon deal fell through) doesn’t seem like a great deal? Quote Link to comment Share on other sites More sharing options...
Guest Posted April 25, 2022 Share Posted April 25, 2022 11 minutes ago, osxmatt said: I’m no financial wizard, but selling a company for $54 a share when it was valued at $50-$51 a share (when it seemed like the Elon deal fell through) doesn’t seem like a great deal? $54 is a substantial premium over where it had been trading prior to Musk's offer. It's current trading price suggests the market still sees $54 as a premium price. Honestly, Twitter is not a well run business and if I were a shareholder I'd take that deal every day of the week. Quote Link to comment Share on other sites More sharing options...
BloodyHell Posted April 25, 2022 Share Posted April 25, 2022 2 hours ago, Firewithin said: he might as well have just set the 46B on fire then Lol at pretending this won't make him tens of billions more. 50 minutes ago, b_m_b_m_b_m said: Dangerously close to diagnosing mental disorders from afar itt which I’m told is bad Ir you're talking about the spectrum thing, Musk has spoken publicly about having Aspberger(spelling?) Syndrome. Nobody is diagnosing him. Quote Link to comment Share on other sites More sharing options...
Jason Posted April 25, 2022 Share Posted April 25, 2022 1 Quote Link to comment Share on other sites More sharing options...
BloodyHell Posted April 25, 2022 Share Posted April 25, 2022 15 minutes ago, osxmatt said: I’m no financial wizard, but selling a company for $54 a share when it was valued at $50-$51 a share (when it seemed like the Elon deal fell through) doesn’t seem like a great deal? Pretty standard premium.. Just like Activision at ~90 a share when it was valued at 76$. 54$ is what both sides feel it is currently worth. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted April 25, 2022 Share Posted April 25, 2022 3 minutes ago, BloodyHell said: Lol at pretending this won't make him tens of billions more. Ir you're talking about the spectrum thing, Musk has spoken publicly about having Aspberger(spelling?) Syndrome. Nobody is diagnosing him. Smh Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted April 25, 2022 Share Posted April 25, 2022 3 Quote Link to comment Share on other sites More sharing options...
rc0101 Posted April 25, 2022 Share Posted April 25, 2022 1 minute ago, BloodyHell said: Pretty standard premium.. Just like Activision at ~90 a share when it was valued at 76$. 54$ is what both sides feel it is currently worth. Also typically bumped up a certain % point to prevent a lawsuit from minority shareholders. 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted April 25, 2022 Share Posted April 25, 2022 6 minutes ago, BloodyHell said: Lol at pretending this won't make him tens of billions more. I actually don't think this is a good money maker. Twitter has the weakest position in the social media space based on monetization, and there doesn't seem to be a good path forward in that regard. I was listening to one of Musk's close friends talk about it and he felt pretty doubtful that this was economically driven for Musk, at least not in a direct sense. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted April 25, 2022 Share Posted April 25, 2022 1 minute ago, sblfilms said: I actually don't think this is a good money maker. Twitter has the weakest position in the social media space based on monetization, and there doesn't seem to be a good path forward in that regard. I was listening to one of Musk's close friends talk about it and he felt pretty doubtful that this was economically driven for Musk, at least not in a direct sense. I agree. I think it will be used to pump his other businesses since a solid 80%* of his wealth is from media hype *i made up this number 1 Quote Link to comment Share on other sites More sharing options...
Jason Posted April 25, 2022 Share Posted April 25, 2022 Quote Link to comment Share on other sites More sharing options...
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