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Tech Thread

No kidding...Barstool sold a chunk of itself for $160M to Penn Gaming....and Portnoy has since bought that chunk back for $1

*big things are possible when one doesn't spend too much time on Forum Ice
 
Can't think of another guy I'd more like to see on a ventilator for a few weeks.


And then recover, of course. I'm no monster.
 
StormChaserBH said:
And then recover, of course. I'm no monster.
Click to expand...

Serious question though....is it really a bad thing to wish/hope for harm on people causing obvious harm to society?

I feel like us regular peoples need to be a bit less polite regarding the wishing of harm on people actively plotting to make the world a worse place for us to live, and maybe be a bit quicker when it comes to reaching for our pitchforks, torches, and guillotines....
 
At least we can all be thankful to Elon for being definitive proof that becoming a billionaire does not mean that you’re smarter or more hard-working than anyone else.
 
MindzEye said:
Serious question though....is it really a bad thing to wish/hope for harm on people causing obvious harm to society?

I feel like us regular peoples need to be a bit less polite regarding the wishing of harm on people actively plotting to make the world a worse place for us to live, and maybe be a bit quicker when it comes to reaching for our pitchforks, torches, and guillotines....
Click to expand...


Yeah, at this point I’m fine with Elon asphyxiating to death on his own bodily fluids.

Or getting guillotined.
 
LeafGm said:
At least we can all be thankful to Elon for being definitive proof that becoming a billionaire does not mean that you’re smarter or more hard-working than anyone else.
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He counts shitposting on Twitter towards his ~100 hour work week.
 
So stuff like this, is how the dam breaks on Elon imo.

www.reuters.com

Breakingviews - Elon Muskâs X is a black hole of value

X is still worth something, but not for the people running it. Boss Linda Yaccarino is set to present her plans for the social network formerly known as Twitter to bankers holding nearly $13 billion of its debt, the Financial Times reported. Looming over talks is the likelihood that X’s value is...
www.reuters.com www.reuters.com

Put it all together, and X isn’t just worth less than Musk paid for it, but likely less than its debt. Assume that the company’s revenue last year was $4.7 billion, based on results before it was taken private. If advertising has dropped by half, then this year’s sales should be a bit over $2.5 billion. Put that on the same enterprise-value-to-sales multiple as Snap, which is down to a mere 3 times, and X is worth around $8 billion.
Click to expand...

. If things deteriorate further, the company’s bankers - already nursing billions in on-paper losses - face the prospect of taking back the keys to a diminished platform that is worth less than even their claim on it. Like a financial black hole, X threatens to consume most of whatever value it once had.
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Elon's ventures are propped up in market value by the fairy dust these people currently losing Billions on twitter, happily snorted over the last 10 years whenever Elon stood on stage and proclaimed some wild shit Tesla was going to do "later this year, next year at the latest" that was allegedly transformational to maybe not just humanity, but the universe itself as a concept. This fairy dust has created a financial bro cult that has driven a company that builds cars, only really builds cars and should be valued as a car company, to be valued as if it's a future tech company on the verge of conquering self driving cars, nuclear fusion power generation and male pattern baldness all at the same fucking time and all within the next few financial quarters.

What happens when the fairy dust snorters wake up from their latest fairy dust bender (the billions poured into twitter) and have now gotten a good look behind the curtain and clearly don't see a wizard anymore? The same people who have financed Elon's house of cards could easily start seeing this as the top, and want to ensure that they don't get caught in his next fiasco that costs investors 10's of billions.
 
MindzEye said:
So stuff like this, is how the dam breaks on Elon imo.

www.reuters.com

Breakingviews - Elon Muskâs X is a black hole of value

X is still worth something, but not for the people running it. Boss Linda Yaccarino is set to present her plans for the social network formerly known as Twitter to bankers holding nearly $13 billion of its debt, the Financial Times reported. Looming over talks is the likelihood that X’s value is...
www.reuters.com www.reuters.com





Elon's ventures are propped up in market value by the fairy dust these people currently losing Billions on twitter, happily snorted over the last 10 years whenever Elon stood on stage and proclaimed some wild shit Tesla was going to do "later this year, next year at the latest" that was allegedly transformational to maybe not just humanity, but the universe itself as a concept. This fairy dust has created a financial bro cult that has driven a company that builds cars, only really builds cars and should be valued as a car company, to be valued as if it's a future tech company on the verge of conquering self driving cars, nuclear fusion power generation and male pattern baldness all at the same fucking time and all within the next few financial quarters.

What happens when the fairy dust snorters wake up from their latest fairy dust bender (the billions poured into twitter) and have now gotten a good look behind the curtain and clearly don't see a wizard anymore? The same people who have financed Elon's house of cards could easily start seeing this as the top, and want to ensure that they don't get caught in his next fiasco that costs investors 10's of billions.
Click to expand...


If Musk's escapades with Twitter spilled over into tanking the value of Tesla, that'd be a beautiful thing.
 
mbow30 said:
Valuing “X” based on a multiple of revenue is also probably a pretty generous thing to do.
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Its functionally bankrupt at this point. The only reason it's not considered insolvent is the expectation that Musk will float it going forward.
 
I really hope we've collectively found an adequate twitter replacement before the 2024 elections:



and I expect things only get worse from here.
 
Wayward DP said:
I really hope we've collectively found an adequate twitter replacement before the 2024 elections:



and I expect things only get worse from here.
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huh. weirdly on twitter itself, there is no headline, but once embedded here, it appears. likely just cause the twitter engineers haven't gotten around to removing it yet...
 
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