ugh
I’m told Thailand loves it?
No one in leadership roles should be allowed to be that out of touch.
Since taking over the group, Musk has loosened the platform’s moderation policies, something that prompted many advertisers to leave. Disclosures from Fidelity Investments in late September implied a valuation for the company that was below $10bn. Musk purchased Twitter for $44bn. The new $44bn valuation represents a rebound for Musk and the group’s investors, including Andreessen Horowitz, Sequoia Capital, 8VC, Goanna Capital and Fidelity Investments. The deal would help set a price for the upcoming primary round
Great. Now I need to find a better handler for my retirement fund… ugh.
Another two people with knowledge of X’s finances said there were signs Musk’s cost-cutting plan for the company was working, and that revenues had been improving. A further person noted, however, that the ebitda figure was “wildly adjusted”.
Well, yea. You chase a major chunk of users off and collapse a company, any shred of viability looks great. The key here is the “wildly adjusted” bit.
Investor interest in the loans improved in the weeks following Trump’s election victory in November, given the billionaire’s proximity to the new administration as a confidant to the president and the head of the so-called Department of Government Efficiency (Doge) intent on cutting government red tape.
So bribery.
A group of seven Wall Street banks including Morgan Stanley, Bank of America, Barclays and MUFG have sold almost all the $12.5bn of loans Musk used to finance his takeover of Twitter in 2022. The lenders had been saddled with the debt while Musk sought to turn around X’s operations as equity investors repriced their stakes in the platform at dramatic discounts.
And they now want a piece of the bribery pie.
It also improved after Musk gave a 25 per cent stake in his artificial intelligence start-up xAI to investors in the social media company early last year. xAI has obtained a valuation of $45bn, and the novel arrangement has provided new security to X’s lenders and boosted the platform’s valuation. One banker close to the fundraising said the upcoming primary round would help X “clean up the last bit of debt”.
Again, bribery.
The banks agreed to give the company time to raise fresh equity or equity-like funding to pay down the remaining junior debt, instead of offloading it when they sold more than $11bn of the loans in January and February, two people said
For better democratic results, eject the C suit
In a further boost for X, groups such as Amazon have boosted marketing spending recently as Musk’s relationship with Trump has deepened. X recently added a number of brands, including Nestlé, Lego, Pinterest and Shell, to a lawsuit alleging the companies had previously illegally boycotted the platform.
This bullshit again.
It’s a good start. We’re gonna have to stay on our toes with our stacks, though. It can all be compromised.
Thiel needs to be at the top of the DDD list
Hmm. I don’t believe it.
plop plop fizz fizz
As much as we all despise Elon, I personally think Mark is the worst. I hope he falls into lava. Maybe take his bloodline with him on a volcano vacation.
He probably just didn’t pay a bill and thinks that’s an attack
I love my Hello Kitty game. It was originally called Hello Sweet Days and they changed it to the most unfortunate acronyms HKDV… Hello Kitty Dream Village. Yes I am a middle aged woman playing a Hello Kitty gacha game but I love it.
You have me beat. I think the sportiest car I ever had before this lil i4 was my Integra sport edition. I loved that car. It was bought used. My brother killed it… long story. I too wish we weren’t weirdlt prejudice against Chinese EVs.
We have the i4. It’s our first nice car. We had a Prius that died and the trade in was excellent for it and the rebate we got on the new ev was hella. Sooo we got the i4. I was super against it but here I am, two years later. I love it. SIde note. I got to meet the engineer who made the color changing skin for the beemer that was the talk of the world in like 2022 (ish). She’s SO COOL. I fan-girled so hard.
Lets just all go back to BitchX, ok?
I’m really curious what Chinese think of these cases. I am probably close to getting banned from Redbook for saying death penalty for doing drugs is fascist. A lot of the users seem very confused with my stance. Not angry. Just confused. But I wonder how they feel about their government, for real. Def not gonna get a straight answer on that app.
Well yea but it also said there are more that aren’t named
Name the lawyers. Names of garbage need to be hung out to deodorize.
This is great!
I learned a new term today that illustrates this move. Warrant canary. When a company disappears a promise it’s like a canary in a coal mine.
I guess it’s still gotta go through congress? Call your rep. Adding it to my list of shit to call about.
Lolol