Elon Musk puts his money where his mouth is

User avatar
Donn Beach
Posts: 13265
Joined: Thu May 02, 2019 1:06 am

Re: Elon Musk puts his money where his mouth is

Post by Donn Beach » Thu Apr 07, 2022 7:17 pm

They are more than happy to have Musk involved, the value of the company went up 27%, this is great for them. Now there are employee that seem upset with it.

The deal with Twitter is really how poorly the business is run, what a clunky platform it is. It's never turned a profit as I understand it. Never figured out a way to monetize it. If Musk genuinely gets involved that be the issue, making money with the thing

User avatar
Donn Beach
Posts: 13265
Joined: Thu May 02, 2019 1:06 am

Re: Elon Musk puts his money where his mouth is

Post by Donn Beach » Fri Apr 08, 2022 1:26 am

Here we go, if anybody is interested, this is what I think it's about... making money

Comparing Trump and Musk, terms of marketing their brands. Musk touches something it literally turns to gold. Trump not so much these days


But the hubbub has served to obscure what has been a tumultuous time at Twitter in general. It has barely been four months since Dorsey unexpectedly stepped down from Twitter after a campaign from the activist investor group Elliott Management Corp. Elliott had taken a 4 percent stake in the company in 2020 and set out to replace Dorsey due to the company’s stagnant stock price and weak user growth.

Elliott left the board just over a year later, apparently satisfied with Twitter’s progress. But as a condition of leaving, it had set aggressive goals for the company that Dorsey was not close to meeting: growing its user base by 100 million people, accelerating revenue growth, and gaining market share as a digital advertiser. When Dorsey left Twitter, it seemed clear that the pressure to hit these marks had been part of the reason.

Those goals are now Agrawal’s responsibility, and in the first few months of his tenure there have been few signs of how he intends to achieve them. Yes, the company is working to diversify its revenue beyond advertising by adding subscription projects and tools for creators. But it lost money in the most recent quarter, and added barely six million new users.

All of which is to say that Twitter remains vulnerable to a challenge from Elliott or other activist investors down the road, who might work to force out Agrawal or once again pressure the company to sell itself.

This, to me, is maybe the most interesting dimension on which to consider Musk joining the board. As the Times story details, Musk has been friendly both with Dorsey and Agrawal. (Although Musk did once post a meme comparing Agrawal to Stalin?) They all are enthusiastic about the idea of turning Twitter into a decentralized protocol. They all like cryptocurrencies.

And, publicly at least, they are all very excited about the fact that Musk has joined the board. If you take all that at face value, it’s possible Musk’s presence on the board will serve as a kind of bulwark against Elliott and other investors. While he will have only one vote out of 12, his status as both the platform’s largest shareholder and most influential board member will likely give him soft power that exceeds his technical authority.

Moreover, Musk joining Twitter has effectively turned it into a meme stock, with investors sending the price up 27 percent on the day his stake was announced. Assuming that holds true — it was up another 2 percent today — activist investors could have an even harder time mounting a challenge to Agrawal’s leadership. (It’s also good for attracting and retaining talent, whose compensation is often tied partially to the stock price.)

User avatar
Donn Beach
Posts: 13265
Joined: Thu May 02, 2019 1:06 am

Re: Elon Musk puts his money where his mouth is

Post by Donn Beach » Mon Apr 11, 2022 10:16 am

Check that, Musk isn't joining the board


https://www.bbc.com/news/business-61063905.amp

User avatar
D-train
Posts: 67964
Joined: Mon Apr 29, 2019 1:33 am
Location: Quincy, MA

Re: Elon Musk puts his money where his mouth is

Post by D-train » Mon Apr 11, 2022 12:48 pm

There is a Seahawk Blogger named Evan Hill that tweeted that he is embarrassed that he once admired Musk. Imagine being embarrassed that he admired someone that is promoting free speech.
dt

User avatar
Coeurd’Alene J
Posts: 5130
Joined: Wed May 01, 2019 2:56 am

Re: Elon Musk puts his money where his mouth is

Post by Coeurd’Alene J » Mon Apr 11, 2022 12:55 pm

Donn Beach wrote:
Fri Apr 08, 2022 1:26 am
Here we go, if anybody is interested, this is what I think it's about... making money

Comparing Trump and Musk, terms of marketing their brands. Musk touches something it literally turns to gold. Trump not so much these days


But the hubbub has served to obscure what has been a tumultuous time at Twitter in general. It has barely been four months since Dorsey unexpectedly stepped down from Twitter after a campaign from the activist investor group Elliott Management Corp. Elliott had taken a 4 percent stake in the company in 2020 and set out to replace Dorsey due to the company’s stagnant stock price and weak user growth.

Elliott left the board just over a year later, apparently satisfied with Twitter’s progress. But as a condition of leaving, it had set aggressive goals for the company that Dorsey was not close to meeting: growing its user base by 100 million people, accelerating revenue growth, and gaining market share as a digital advertiser. When Dorsey left Twitter, it seemed clear that the pressure to hit these marks had been part of the reason.

Those goals are now Agrawal’s responsibility, and in the first few months of his tenure there have been few signs of how he intends to achieve them. Yes, the company is working to diversify its revenue beyond advertising by adding subscription projects and tools for creators. But it lost money in the most recent quarter, and added barely six million new users.

All of which is to say that Twitter remains vulnerable to a challenge from Elliott or other activist investors down the road, who might work to force out Agrawal or once again pressure the company to sell itself.

This, to me, is maybe the most interesting dimension on which to consider Musk joining the board. As the Times story details, Musk has been friendly both with Dorsey and Agrawal. (Although Musk did once post a meme comparing Agrawal to Stalin?) They all are enthusiastic about the idea of turning Twitter into a decentralized protocol. They all like cryptocurrencies.

And, publicly at least, they are all very excited about the fact that Musk has joined the board. If you take all that at face value, it’s possible Musk’s presence on the board will serve as a kind of bulwark against Elliott and other investors. While he will have only one vote out of 12, his status as both the platform’s largest shareholder and most influential board member will likely give him soft power that exceeds his technical authority.

Moreover, Musk joining Twitter has effectively turned it into a meme stock, with investors sending the price up 27 percent on the day his stake was announced. Assuming that holds true — it was up another 2 percent today — activist investors could have an even harder time mounting a challenge to Agrawal’s leadership. (It’s also good for attracting and retaining talent, whose compensation is often tied partially to the stock price.)
If Elon got the exact same news coverage and lawsuits, hatred, fake scandles, impeached, basic all liberal bullshit then he would be in prison.......You don’t admire Trump...I get it but comparing Elon and Donald is stupid

User avatar
Donn Beach
Posts: 13265
Joined: Thu May 02, 2019 1:06 am

Re: Elon Musk puts his money where his mouth is

Post by Donn Beach » Tue Apr 12, 2022 5:32 am

Has nothing to do with liking one or the other, just comparing their brands. Him and Musk both are businessmen that are oriented to a social media cult of personality type of approach. Musk seems about as big a troll as Trump, though he has never been in trouble with Twitter, it's been the SEC. Seems to me Musk has leveraged his brand better in terms of profitability. Raising the value of Twitter 27% on the value of his name is impressive. But sure, let's throw a pity party for the Donald, which is typical here. The guy with absolutely no empathy. Blame others for how he has decided to handle his branding

auroraave
Posts: 1748
Joined: Wed May 01, 2019 9:35 pm
Location: Beverly Hills, Ca.

Re: Elon Musk puts his money where his mouth is

Post by auroraave » Tue Apr 12, 2022 2:22 pm

^^^^^ Trump still living rent free in this clown's brain. He has nothing at all to do with the thread - but somehow everything comes back to Trump with sheeple like this, who still suffer from TDS and desperately need to insert him into convos. And when someone points out how the media completely colluded to wreck and disparage Trump - which is openly admitted by many leftists and democrats (Krystal & Saagar, Brand, The Hill, Matt Taibbi, etc) - you conveniently ignore that so you can take shots at Trump. Seems like you're the one that lacks empathy. Hypocrite much? Not gonna lie - it's fun pointing out how completely full of shit you are. By the way, TDS is SOOOO two years ago. We're all currently into Biden bashing, you know, the guy with the family crime syndicate that has completely destroyed the country in less than 18 months on the job. Try and keep up. :lol:

Biden is ruining the lives of millions upon millions of people, but Trump is the one who lacks empathy because of mean tweets. Just... wow.

User avatar
Donn Beach
Posts: 13265
Joined: Thu May 02, 2019 1:06 am

Re: Elon Musk puts his money where his mouth is

Post by Donn Beach » Tue Apr 12, 2022 2:42 pm

Yup, it didn't have anything to do with the thread, go look at the post, it was a minor aside. It's not my brain he is living in, you are the guys losing your marbles lol.

You guys really are missing my point. What does liberal collusion have to do with Trump's inability to get his own Twitter alternative off the ground? Musk can attack Twitter and then make a cool $200 mil out of the deal without hardly lifting a finger, trump got to be going nuts lol. I thought Trump would pivot to a media oriented angle, the deal about competing against FOX, and then the Twitter deal, haven't seen anything come of it so far. Sorry but Trump can't seem to be able to monetize controversy the way Musk can.

User avatar
ddraig
Posts: 5190
Joined: Mon May 06, 2019 1:17 am

Re: Elon Musk puts his money where his mouth is

Post by ddraig » Wed Apr 13, 2022 4:36 am

Musk needs to acquire another 12 or 13 percent. He couldn't do that as a member of the board as board members are limited to 14%. Another method for him would be to urge those of us who can to purchase stock and then sign a proxy over to him. Should he have enough proxies, or can outright purchase up to 25% of the stock, his libertarian side can force changes to where the censorship will fly out the window.

I think he can do it and I'd love to see him acquire a controlling percentage before November. The stock is at around 43 and it is falling slowly. That's to be expected what with the uncertainty. Lower stock prices favors Musk.

User avatar
Donn Beach
Posts: 13265
Joined: Thu May 02, 2019 1:06 am

Re: Elon Musk puts his money where his mouth is

Post by Donn Beach » Wed Apr 13, 2022 12:25 pm

It's interesting to speculate what he might do, everybody hanging on his next move. Could buy the entire company rather easily if he wanted

Post Reply