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Buy or Sell: Twitter may be worth one-third what Musk paid for it last fall
Posted on 5/31/23 at 9:35 pm
Posted on 5/31/23 at 9:35 pm
Twitter may be worth one-third what Musk paid for it last fall as Fidelity marks down investment
And the strange part….
LINK
Not sure I’m buying it seeing as how non transparent Fidelity is. A lot of people stand to benefit from Elon’s demise at Twitter.
quote:
Twitter may now be worth one-third of what Elon Musk paid for the social media platform just seven months ago.
Financial services company Fidelity has reduced the market value of its equity stake in Twitter for a third time, now putting it at $6.55 billion. That's down from the nearly $20 billion Fidelity valued its stake at in October.
And the strange part….
quote:
It is unclear how Fidelity came up with its valuation figures, but as a public company it's required to provide investors with updates on its holdings.
LINK
Not sure I’m buying it seeing as how non transparent Fidelity is. A lot of people stand to benefit from Elon’s demise at Twitter.
18
Posted on 5/31/23 at 9:37 pm to idlewatcher
When the WEF witch takes over, the value and the censorship will both go up - just in time for the 2024 elections.
Posted on 5/31/23 at 9:38 pm to idlewatcher
Asset valuation, particularly for something like Twitter, is really a joke.
The intangibles, given a billion+ person user base and the basic platform infrastructure, may be worth a trillion to Elon. Who knows... only time will tell and Elon's decisions with regards to the platform.
The intangibles, given a billion+ person user base and the basic platform infrastructure, may be worth a trillion to Elon. Who knows... only time will tell and Elon's decisions with regards to the platform.
Posted on 5/31/23 at 9:40 pm to BengalOnTheBay
I wonder if anyone is going to go after Fidelity for supposed over valuation of assets like they go after Trump?
This post was edited on 5/31/23 at 9:41 pm
Posted on 5/31/23 at 9:41 pm to idlewatcher
quote:
Elon
Is not a champion of free speech or a friend of conservatives.
He is globalist to the core. Which makes DeSantis announcement with Elon even more hilarious.
Has a lot of people hoodwinked.
Will come out in due time.
Posted on 5/31/23 at 9:42 pm to idlewatcher
Musk is very much a charlatan, but I actually do believe that he ultimately bought it being somewhat willing to burn the entire amount, as he saw it as an actual free-speech issue.
The MSM narrative to the Twitter Files only extra justifies that decision.
The MSM narrative to the Twitter Files only extra justifies that decision.
Posted on 5/31/23 at 9:43 pm to TigerAttorney
In. the Tucker interview he said they did a new valuation and it was half what he paid for it
Posted on 5/31/23 at 9:45 pm to idlewatcher
Doubt it's true. He has monetized stuff and it seems overall better. However it's talking about the price he paid, which I believe was inflated
This post was edited on 5/31/23 at 9:46 pm
Posted on 5/31/23 at 9:46 pm to BengalOnTheBay
quote:
Asset valuation, particularly for something like Twitter, is really a joke.
The intangibles, given a billion+ person user base and the basic platform infrastructure, may be worth a trillion to Elon. Who knows... only time will tell and Elon's decisions with regards to the platform.
if i recall correctly, he said in an interview a few months after owning it and he said he expected to lose money for the first few years.
so based on that, even if its not making money, he owns it, and its not costing him money he wasnt expecting.
like him or not, he is smart and he understood the money will be made to absorb the cost now, and then it takes off later
once all the advertisers come back the profits will soar, they are still avoiding it but they cant ignore the advertising opportunity
This post was edited on 5/31/23 at 9:48 pm
Posted on 5/31/23 at 9:48 pm to idlewatcher
And he’s still a billionaire. He doesn’t give a frick, why should we?
Posted on 5/31/23 at 10:07 pm to Slingin Pickle
As with local tv advertising, once political season hits full stride they will be advertising on Twitter and paying top dollar.
Posted on 5/31/23 at 10:23 pm to idlewatcher
Value is an opinion by definition. Let them write it down further and let some of us retail investors buy their stake.
Posted on 5/31/23 at 10:28 pm to TerryDawg03
quote:You're planning on buying private Twitter shares in a secondary market transaction? Which broker/intermediary do you use?
Let them write it down further and let some of us retail investors buy their stake.
Posted on 5/31/23 at 11:45 pm to BengalOnTheBay
quote:
Asset valuation, particularly for something like Twitter, is really a joke.
Yea to a point yes. Problem is Twitter is now private and they don’t have to share squat with anyone so it’s next to impossible (aside of a mole in the company or a rogue employee) to know.
Posted on 6/1/23 at 2:29 am to idlewatcher
Well he cut 80% of the workforce so im sure he's saving money there.
Posted on 6/1/23 at 6:52 am to idlewatcher
The mark down could be in part interest rate related. Rates have gone up quite a bit and I’m sure Elon got a fixed rate from them. That swing would lesson the value of that load as they would have to sell it at a discount if they tried to sell it.
I wasn’t in the corporate treasury department to know for sure if that has to happen. It does for other credit instruments for banks though. That’s what got SVB in trouble.
I wasn’t in the corporate treasury department to know for sure if that has to happen. It does for other credit instruments for banks though. That’s what got SVB in trouble.
Posted on 6/1/23 at 6:56 am to idlewatcher
Twitter is just a toy for Elon.
Posted on 6/1/23 at 6:59 am to BengalOnTheBay
quote:
Asset valuation, particularly for something like Twitter, is really a joke.
The intangibles, given a billion+ person user base and the basic platform infrastructure, may be worth a trillion to Elon. Who knows... only time will tell and Elon's decisions with regards to the platform.
This this and this. He soon will have full coverage of starlink and his own phone. To make it a totally vertical economic model he needed a social network. To build it from the ground up would take years and multiple times what he paid for Twitter.
He will soon go to Netflix, Disney, and instead of paying for content, he will charge them to get on his system. He will take every facet of commerce on the net now and offer it in his closed, secure system.
Its a brilliant business model, and some clowns who cant even understand basic finance, much less write a decent article, are now evaluating the purchase.
Posted on 6/1/23 at 7:00 am to idlewatcher
The valuation doesn't matter unless he gets in a fire sale situation. I would imagine he has other sources of collateral for loans.
If it is going to be a piece of something bigger at some point it really doesn't matter.
If it is going to be a piece of something bigger at some point it really doesn't matter.
Posted on 6/1/23 at 7:06 am to idlewatcher
I find it funny to watch the media flip flop on Musk buying Twitter:
Week one: it will kill democracy! It’s dangerous and must be stopped.
Week two: what an idiot! He overpaid for nothing and will be bankrupt!
Week three: repeat above.
Week one: it will kill democracy! It’s dangerous and must be stopped.
Week two: what an idiot! He overpaid for nothing and will be bankrupt!
Week three: repeat above.
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