newtboy US

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Channel: motorsports
Birthdate: June 29th
A little about me...
There are two kinds of people, those who can extrapolate from incomplete data …. People Who Can't Tell Entomology from Etymology Bug Me in Ways I Can't Put Into Words

Member Since: July 20, 2007
Last Power Points used: April 26, 2018
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bobknight33 says...

It’s a fantastic time to buy Tesla stock. Truly this is a “thank Joe Biden”

WRT to twitter musk trying to get a true sense of fake accounts and bots

newtboy said:

Interesting….Elon was buying Twitter in part to reinstate Trump’s account…because that would obviously increase traffic and the company’s value (he assumes).
Turns out that, in order to get investment in Truth Social (which Trump calls Troth Sential) Trump had to sign contracts promising to not only post on truth central, but to EXCLUSIVELY post on truth central. (The company buying it also had to put out a statement to investors warning them that Trump’s business record is horrible, listing the companies he ran into bankruptcy or that were deemed to be frauds but not the rest that just failed).

Not good for Musk. The Twitter fiasco, trying to buy his way into political discourse, has backfired terribly…it’s going to cost him $1 BILLION to walk away, and there’s no other option, the company is worth around 1/2 of his purchase price. That deal dragged Tesla stock down to near 1/2 its previous value. Not a good time to be all in.

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