Elon Musk values Twitter at less than half of $44B price tag in offer to employees

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3 hours ago, hotchilli said:

Not for a multi billionaire... Elon can take the loss.

Your mind-reading act is refuted by the facts. Why did Musk try so hard to extricate himself from the deal? Because it didn't matter to him that he was about to lose a ton of money?

[hotchilli]

1 hour ago, placeholder said:

Your mind-reading act is refuted by the facts. Why did Musk try so hard to extricate himself from the deal? Because it didn't matter to him that he was about to lose a ton of money?

He tried to extricate himself from he deal after he found out about the false number of accounts... Fact

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6 minutes ago, hotchilli said:

He tried to extricate himself from he deal after he found out about the false number of accounts... Fact

That was his claim. Elon Musk does not have a great history of being honest. Did you know that even  before he offered to purchase he had already seriously questioned their numbers? No, he behaved like an idiot in making that purchase by waiving due diligence and then tried to wriggle his way out of it. If the "fraud" was as serious as he alleged, then he would have had a good at at convincing the Delaware Chancery court to abrogate the deal. But it wasn't, so he had to go ahead and make the purchase.

[ozimoron]

9 hours ago, Bkk Brian said:

If it was only Elon's money you may have a point but it was bought with a few billion in investors money to.

More fool them. If you lie with dogs you get fleas.

[eisfeld]

6 hours ago, hotchilli said:

He tried to extricate himself from he deal after he found out about the false number of accounts... Fact

And yet he went through with the deal after Twitter sued him on the matter. He knew he was about to lose the case and be forced to come through and finalize the purchase. He completely botched his chance of doing due diligence because he acted compulsively. Musk handled this Twitter saga very poorly on multiple fronts and it shows that he either has no one around him to give him proper backpressure or that he just doesn't listen to these people.

 

That being said, I think there is a chance that he can recover the lost value and maybe push it to even higher valuations. There is also a chance he'll run it into the ground. One thing is for sure: anything he touches wont just sit around and do nothing. That's the one thing a guy like him really can't stand.

[ozimoron]

Musk is trying to con his employees into copping what will be an even greater loss. There are other Twitter alternatives under development and this one will die like other right wing initiatives to bypass market forces aka consequences. Twitter is now way overvalued at Musk's "valuation".