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Elon Musk may have to sell billions in Tesla stock to rescue X

Musk’s repeated outbursts against advertisers have dried up the main source of revenue for the loss-making company formerly known as Twitter. A recent decision to sue them for heeding his own advice to not buy ads on the platform hasn’t helped. At some point, he will have to provide a fresh infusion of cash to salvage his $44 billion takeover.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

I believe the appropriate thing to say to Elon here is, “go fuck yourself.”

dogsnest ,
@dogsnest@lemmy.world avatar

Interesting 🤔

LEDZeppelin ,

Let me be very clear 👌go fuck yourself 👌

raoul ,
@raoul@lemmy.sdf.org avatar

👎 𝓰ℴ 𝒻𝓾𝒸𝓴 𝔂ℴ𝓾𝓇𝓼ℯ𝓵𝒻, 𝓮𝓁𝓸𝓃 🖕

TransplantedSconie ,

Let me say it in Italian American

gestures wildly with hands with each word

“Why dont yos go fuck yoself, motha-fucka!”

dariusj18 ,

💩

ProfessorProteus ,
@ProfessorProteus@lemmy.world avatar

I nominate Steven Ogg for the task.

gedaliyah OP ,
@gedaliyah@lemmy.world avatar

Free market capitalism will say to let it fail.

dogsnest ,
@dogsnest@lemmy.world avatar

Big if true.

Potatisen ,

BIG

*if true

dohpaz42 ,
@dohpaz42@lemmy.world avatar 

<span style="color:#323232;">if (mode(FREE_MARKET_CAPITALISM) == TRUE) {
</span><span style="color:#323232;">    big();
</span><span style="color:#323232;">}
</span>
dogsnest ,
@dogsnest@lemmy.world avatar

This guy ifs.

xmunk ,

Maybe, or they else.

dohpaz42 ,
@dohpaz42@lemmy.world avatar

Why not both?

tabarnaski ,

You don’t need " == True" except if it’s the name of a variable that’s not boolean, in which case it wouldn’t make sense to name it “True”.

-1

dohpaz42 ,
@dohpaz42@lemmy.world avatar

You do realize this is a joke, right? That this is not a programming community, so a little clarity of said joke may be beneficial?

Sometimes it’s better to go with the flow, and not overthink things. 😊

SteveFromMySpace ,

The market couldn’t bear his fragile, bigoted ego.

themeatbridge ,

Let it die

Maggoty ,

Oh that’s okay they’ll make an exception for him. He’s too rich.

Protoknuckles ,

If he sells enough Tesla stock, he may save both companies!

timewarp ,
@timewarp@lemmy.world avatar

I have to give Musk credit. At least he help narrow my car buying decision to know at least one brand that I’ll never buy.

Atelopus-zeteki ,

Super Helpful!

Nollij ,

There are many reasons to avoid Tesla, regardless of Musk. The complete lack of independent repair was my deal breaker, but you’ll find your own. Their competition is looking pretty good these days, too.

tiredofsametab ,

He also removed an option for home battery storage solutions for me.

Spitzspot ,
@Spitzspot@lemmings.world avatar

Let that sink in.

dohpaz42 ,
@dohpaz42@lemmy.world avatar

https://www.the-sun.com/wp-content/uploads/sites/6/2022/10/SC-Musk-Twitter-HQ-Breaker-OP-copy.jpg?w=1920

snooggums ,
@snooggums@midwest.social avatar

What an unfunny dipshit. He actually thought that was clever.

pennomi ,

It might’ve been funny if he was remotely likable. Turns out that humor depends highly on not being an asshole.

DxK ,

Nah, the problem is there’s just nothing humorous about it. Not even Robin Williams could’ve made that bit work, and everybody loves him. (RIP)

Deceptichum ,
@Deceptichum@quokk.au avatar

I thought everybody loves Raymond?

saltesc ,

His abusive wife clearly doesn’t .

ThePantser ,
@ThePantser@lemmy.world avatar

It is clever, he told everyone up front that he was there to sink the company.

takeda ,

Yeah, he is sinking it.

Talaraine ,

Why do you think he strongarmed Teslas shareholders into that big pay day? He's known this was coming, y'all. Tesla's just paying for his misadventure.

Zier ,
@Zier@fedia.io avatar

2 4 1 deal, how to trash 2 companies at once.
Good job space karen!

elgordino ,

Maybe the Saudis and Qataris will chip in some more cash to help him out.

Gsus4 ,
@Gsus4@mander.xyz avatar

Is there any basis to that conspiracy theory besides some grudge about the arab spring against twitter and its agitators?

SmokumJoe ,

I don’t understand how you can sue a company that doesn’t want to advertise on your platform

catloaf ,

You can sue anyone for anything. It’s just a matter of how long you fight it before it gets thrown out.

tabarnaski ,

Apparently, in this case it didn’t take long.

CarbonIceDragon ,
@CarbonIceDragon@pawb.social avatar

From what I understand, they’re trying to (mis)use a law to the effect that companies cant all get together and boycott a competitor in order to try to drive it out of the market. If my understanding is correct then, for example, if say Ford and GM and such happened to also run electric taxi businesses, and those taxi businesses bought cars off the open market where in theory they should buy whatever they think gives them what they need at the best price, even if from another car maker, then it wouldnt be legal for them to all go and say “we make electric cars, and Tesla does too, so lets not buy anything from Tesla, regardless of how cheap or good their products are, so they lose business” (Assuming that the Teslas in question would in fact be perfectly suitable for said taxi companies needs that is). They’re trying to sue an advertising industry group, claiming that they’ve done this kind of thing. Except the members of the group in question arent really competitors to Twitter, and in any case, the quality of advertising is thought to diminish if the ads are next to objectionable and bigoted content, since its thought to hurt the advertised company’s image, so if my understanding is correct, it should be simple enough for them to argue “We’re not colluding to hurt your company, your product just isnt up to our standards so we arent buying it”

dinckelman ,

Womp womp

Gingerlegs ,

Oh nooo 😂

ininewcrow ,
@ininewcrow@lemmy.ca avatar

Anyway

xmunk ,

He won’t. He bought the company using leverage so he wouldn’t have any personal financial investment in it.

My personal theory is that he bought it to destroy it to lash out at Grimes but, honestly, who the fuck even knows.

MediaBiasFactChecker Bot ,

Fortune Magazine - News Source Context (Click to view Full Report)Information for Fortune Magazine:
> MBFC: Right-Center - Credibility: High - Factual Reporting: High - United States of America
> Wikipedia about this source

Search topics on Ground.Newshttps://fortune.com/2024/08/15/elon-musk-tesla-stock-sale-twitter-x-advertiser-boycott-finances-bradford-ferguson/

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Kowowow ,

How close is this market manipulation?

xenoclast ,

The Venn Diagram is a circle. If billionaires were held accountable it’d be a problem for him. But it’s not

snekerpimp ,

Is this why he’s kissing trump’s ass? Does he think the orange sandwich has the ability to help him if orange shit stain becomes president?

xenoclast ,

Might try to convince the Trump cult to take it off his hands

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