I think that was a big reason why the stock took a hit. He keeps getting caught faking it, and even his fakes are decades behind Boston Dynamics.
I think that was a big reason why the stock took a hit. He keeps getting caught faking it, and even his fakes are decades behind Boston Dynamics.
He rolls out the same BS every time the stock needs to be pumped up. The good thing is, it didn’t work this time. This unveil actually made the stock drop because they’re so far behind.
It was always going to fail. At that point, Twitter as a company only recently started actually making a profit. What Musk did is called a leveraged buy-out where someone takes out a loan to buy a company. The company that is bought out is then responsible for paying that loan. Remember when I said they just barely had started making money? Well, now they have so much debt that they not only have to make enough money to cover their previous expenses, but also cover the payments for this new loan, and the new loan has interest that creates additional debt of $1 billion a year. How is a company that struggles to make money suddenly going to come up with an extra $1 billion a year? Charging for checkmarks? There aren’t enough users… That’s why he is so desperate. He knows that by making that joke offer, he royally screwed himself when Twitter called his bluff and forced him to buy. I think he just wanted an excuse to sell some Tesla stock that he knew was overvalued but had said he wouldn’t sell.
It can’t afford its debt. It’s almost guaranteed to happen.
They don’t make or contribute to any types of technology.
That part isn’t completely true. When they created the bootstrap framework it changed how many people built websites. They can and have contributed to technology. However, your point is valid that news about Twitter is business news.
I only did for my last semester mostly as a practice for using git and to have something to show recruiters/employers.
It’s not just the one employee though. Gamer Nexus has been calling out LTT for inaccuracies too. The ethics of LMG seem dubious at best and the are lots of other options so why keep watching LTT?
Both. It’s a semi secret club.
On the usenet side of the house, I think the only big change was NZB Matrix going away.
That followed an announcement for their battery business if I’m not mistaken. Which isn’t what Musk was trying to pump.