The Elon Musk Twitter shitshow
- Thread starter CleteyColgate
- Start date
Elon Musk email to X staff: ‘we’re barely breaking even’
User growth is ‘stagnant’ on the platform formerly known as Twitter.
www.theverge.com
This has to be parody as this point. You're crowing about a guy on twitler nomination Musk?
Shit for all we know that's just another Musk sock puppet account.
Elon just wants America to buy another rocket flight for 200+ million because efficiency and cost savings and other bullshit just give him more government money.
X now profitable. No one could have predicted this...
Twitter / X loans now selling at $0.97 on the dollar.
Twitter / X loans now selling at $0.97 on the dollar.
Germany: Tesla sales plunge almost 60% in January – DW – 02/06/2025
Observers have linked Tesla's troubles with CEO Elon Musk's support for the German far right. While EV sales have fallen across the board, Tesla has lost the most ground.
amp.dw.com
Hopefully Tesla goes bankrupt.Germany: Tesla sales plunge almost 60% in January – DW – 02/06/2025
Observers have linked Tesla's troubles with CEO Elon Musk's support for the German far right. While EV sales have fallen across the board, Tesla has lost the most ground.
E-Loon isn't paying his bills
Why are you bringing this whack-o-shit up. Millions of people losing jobs due to President Rasputin's purges, consumers paying thousands of dollars more due to the Orange Dumbfvck's tariffs, inflation increasing, this great nation's government crumbling away as we watch.
You MAGAs love this. You are and have been stupid to help enable this. Go fcvk yourselves and when you finally realize how dumb you've been, you got what you deserve.
Oh, and forget the LoL.
So we’re celebrating companies selling off the loan as a capital loss as success instead of Elon actually paying the loan?
If you offer a loan at 11% interest, and after a year sell it at 95% of par, did you make money on the loan?
Show your math.
Feb 14 (Reuters) - Banks led by Morgan Stanley (MS.N), opens new tab have sold to investors another chunky portion of loans that formed the $13 billion debt supporting Elon Musk's $44 billion acquisition of Twitter, now X, in 2022, a source with knowledge of the deal said.
On Thursday, they completed the secondary sale of $4.74 billion of secured loans which mature in October 2029. The loans paid a fixed rate yield of 9.5% and priced at par or at 100 cents to the dollar, said the source. The loan sale was upsized from an initial $2.97 billion.
Published December 8, 2022
Twitter’s $3 billion of unsecured junk bonds reportedly yield 11.75%, far less than what investors could obtain in the markets now. A month ago, Bloomberg reported that some hedge funds offered to buy the bonds for 60% of face value, a price that would force the banks to book hundreds of millions of dollars in losses. So the banks have been holding the loans on their own books instead of re-selling them to investors as planned.
Twitter’s $3 billion of unsecured junk bonds reportedly yield 11.75%, far less than what investors could obtain in the markets now. A month ago, Bloomberg reported that some hedge funds offered to buy the bonds for 60% of face value, a price that would force the banks to book hundreds of millions of dollars in losses. So the banks have been holding the loans on their own books instead of re-selling them to investors as planned.
The debt was $12.5 billion. The quarterly interest was $300 million. $1.2 billion is not 11% of $12.5 billion. They’re at $2.4 billion in interest paid.
They offloaded the entire $6.5 billion in original secured term loans at .96¢ on the dollar.
$ -260 million.
They repackaged their remaining $6 billion in secured and unsecured loans into a new offering of a partially-secured synthetic first-lien term loan of $4.74 billion.
They have $1.26 billion in unsecured garbage only returning 11%, so the book value is bad bad.
Throw in almost three years of opportunity and administrative costs.
Last edited:
How much is 2.4 billion minus 195 million?
You’re now asserting that the banks losses were in opportunity costs? Hate to see those taxes!
Isn’t that the case for everyone who didn’t buy bitcoin in 2022 instead of, well, everything?
Oh, you’d rather pretend there isn’t a time value of money? What was inflation between 2022 and now?
The first sale was actually -260 million. The second sale, which was inferior debt certainly would have lost more.
Last edited:
They still booked billions of dollars profit. They made money.
That’s not a loss. You can’t measure it against if they had bought NVIDIA or bitcoin and say they lost money.
That’s nonsense.
