[HN Gopher] Twitter re-examines Elon Musk's bid, may be more rec...
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Twitter re-examines Elon Musk's bid, may be more receptive to a
deal
Author : jbegley
Score : 23 points
Date : 2022-04-24 18:09 UTC (4 hours ago)
(HTM) web link (www.wsj.com)
(TXT) w3m dump (www.wsj.com)
| greenyoda wrote:
| Archive with full text of article: https://archive.ph/Qvsl5
| systemvoltage wrote:
| I guess HN was wrong (top comments) that Musk couldn't possibly
| have a way to finance his deal. And here we are.
| rvz wrote:
| Of course they were incorrect. Just like how they buy the stock
| AFTER the announcement hoping that it goes up, but instead it
| falls. [0] Typical.
|
| Always be skeptical of what is widely reported on the news and
| don't blindly listen to what is being said by the brainless
| parrots on twitter re-tweeting everything that they think is
| 'going' to happen. Especially even if this deal goes through.
| As I said before. [1]
|
| As always, not even the most upvoted or top comments are
| correct either. It's yet another bias projection.
|
| [0] https://news.ycombinator.com/item?id=30984349
|
| [1] https://news.ycombinator.com/item?id=30984397
| greatpostman wrote:
| Really hard to imagine the richest and most accomplished dude
| on the planet not being able to secure funding. Somehow people
| still think he's just a showman. At some point in time,
| accomplishments can't be explained away
| financetechbro wrote:
| To be fair - it's more about twitter than musk. Twitter just
| isn't the best social media platform out there in terms of
| financial performance, and they also don't have the ability
| to take too much debt, making the financing even more
| challenging bc it can be a pretty risky asset. Still tho, the
| financing is complex. It will be interesting if Musk (read:
| Morgan Stanley) can actually pull it off.
| matthewdgreen wrote:
| He's not _just_ a showman, but he is a showman. And it's not
| like you have to dig back into ancient history to find
| instances where he invented a bid like this, he basically
| made up a bid for Tesla a few years ago and lied about having
| secured financing.
| panick21_ wrote:
| Yeah that's why there is such a long history of showman
| starting successful rocket company and other successful
| high capital businesses.
|
| Musk has never admired to having made up the funding. He
| settled the dispute because it lead to problems with Tesla
| credit rating, banks didn't want an outstanding dispute
| with SEC.
| FinNerd wrote:
| It's largely cope. Love him or hate him, insanely talented,
| hard-working, and intelligent.
|
| Calling him a showman and conman is great way to posture
| superiority over the guy shooting rockets into space and
| hiring 100k+ people
| alephnan wrote:
| People who are downvoting this without a substantive
| comment appear butthurt in their coping.
| edmundsauto wrote:
| It is also a simplification to highlight his achievements
| without also acknowledging that he doesn't seem to be a
| very moral or stable person. Some of the criticism of his
| behavior is clearly sour grapes that he doesn't act
| "properly" for a billionaire, but there are also many
| examples of him being a bad person a la Steve Jobs.
|
| We tolerate the characteristics because of the perceived
| value, but it would also be nice to highlight genuinely
| good people with significant accomplishments for being
| successful as well as kind.
| panick21_ wrote:
| How is he 'unstable' exactly? He has been leading
| successful companies for 30 years and pretty much every
| company he has been involved in has been highly
| successful. He has never been unstable, just opinionated.
| And people don't like that so they call him
| psychologically unstable instead.
|
| What he has done that is bad and why people hate him:
|
| - Called somebody something bad on twitter once.
|
| - Twits dumb memes with dumb humor sometimes
|
| - Twitted about cryptocurrencies. People claim this is
| market manipulation to enrich himself without any
| evidence.
|
| - Twitter 'Funding secured'. People believe this is made
| up, however it was conclusively settled. And even if it
| was not fully secured, there is little question he could
| have found the money. So not sure why people are so angry
| about that.
|
| That seems to be most of the criticism I read. If that is
| the worst thing, I don't know what people are so worked
| up about.
|
| Some leftists are angry he doesn't support unions, but of
| course almost no rich person (and many non rich people
| don't either).
| alephnan wrote:
| Talk is cheap. Stock market is the place to test convictions.
| Pretty sure most of those people didn't have skin in the
| game, long or short, either ways
| pxx wrote:
| I don't know of people saying that he had "no possible way" to
| finance a deal.
|
| Quoting the excellent Matt Levine, the situation is more like
| the following: '''the answer to the question "might Elon Musk
| have made an offer to take a large public company private, at a
| cost of tens of billions of dollars, without giving any real
| thought to where the money would come from?" is "absolutely
| yes, and he's done it before."'''
| panick21_ wrote:
| And that's not actually accurate. Even if you take the
| extreme interpretation of 'funding secured' he certainty
| didn't just wholesale make up the claim.
| McLaren_Ferrari wrote:
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