Ya if Russian BOTS/troll factories cannot manipulate western elections ... if MSM can print lies and get fact checked ... success!!
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Elon & Twitter
- Thread starter Buckminster
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Interesting theory by Alexandra Merz
TL;DR
1) Elon wants Twitter to become an online payments platform (amongst other things)
2) Jared Isaacman, CEO of Shift4 Payments ($FOUR) commanded the first all-civilian SpaceX mission last year.
3) Shift4 market cap is ~$4bn.
4) Elon has been raising cash in excess of what many think is needed to complete Twitter deal and shore up financials.
?
That's a very interesting theory. It sure would explain why Elon sold $4 billion+ worth of TSLA at the 52 week low to "save Twitter" when Twitter has $6 billion of its own cash sitting around.
This is the most practical theory of why Elon is selling now I've seen yet.
EDIT: Aaaannnndddddd 98% of the pre-market is very green today while TSLA just fell off a cliff and is -1.3%. Sigh, here we go again.
We may never know how much anti-tesla sentiment and FUD was spread by fake/payed/twitter bots.
But then again ... we may.
Imagine Dojo processes world major and minor libraries, adds online scientific and theological archives and then "listens" to daily tweets.
Fact-checking done right?
I'm not going to say she's wrong, since it's impossible to predict Elon's actions, and he does have a personal relationship with Jared, and he's recently proven that he likes overpaying for companies.Interesting theory by Alexandra Merz
TL;DR
1) Elon wants Twitter to become an online payments platform (amongst other things)
2) Jared Isaacman, CEO of Shift4 Payments ($FOUR) commanded the first all-civilian SpaceX mission last year.
3) Shift4 market cap is ~$4bn.
4) Elon has been raising cash in excess of what many think is needed to complete Twitter deal and shore up financials.
?
But the payment processing services provided by Shift4 (including the functionality she mentions in her article) are commodities, matched by many other Fintech companies with much lower valuations. And Shift4's services are today entirely reliant on the major card brands; I think Elon prefers to disrupt rather than embrace the traditional payments ecosystem.
2daMoon
Mostly Harmless
Loved the Merz piece. Particularly the bit about formation of Twitter Payments LLC on February 2, 2022 in Delaware.
Mention of collaboration with Shift4 in order to correlate 160 currencies and all the popular cards for transacting payments is key to consider as well.
This should squelch anyone still thinking Elon's intent was always and only about buying Twitter as a social media company.
For those still traipsing down that garden path, just wait and see where this goes. It may be bigger than you can imagine.
Mention of collaboration with Shift4 in order to correlate 160 currencies and all the popular cards for transacting payments is key to consider as well.
This should squelch anyone still thinking Elon's intent was always and only about buying Twitter as a social media company.
For those still traipsing down that garden path, just wait and see where this goes. It may be bigger than you can imagine.
Yah. On the Twitter Spaces meeting, Elon said the plan is to have payments and later money market accounts via Twitter.
Also remember that much of 2023 advertising buys already went away before Elon even completed the acquisition because Twitter couldnt answer questions. From advertisers. The pulled advertisements just made the matter worse.
I posted the real answer last night, but the Mod deleted it.
If Elon isn't selling shares to buy Twitter, but to keep it from going bankrupt, that is concerning, because he may have to keep selling if he can't turn the ship around.
Yeah and Twitter is where who would want to have a money market account and why?
Ok so lets say Elon does. Why would anyone use/need another online payments platform?Interesting theory by Alexandra Merz
TL;DR
1) Elon wants Twitter to become an online payments platform (amongst other things)
2) Jared Isaacman, CEO of Shift4 Payments ($FOUR) commanded the first all-civilian SpaceX mission last year.
3) Shift4 market cap is ~$4bn.
4) Elon has been raising cash in excess of what many think is needed to complete Twitter deal and shore up financials.
?
"Can I pay you with Zelle, Venmo, PayPal, Apple Cash?"
"No, I only take Twitter. I've got a blue checkmark so you can be sure it's me."
sleepydoc
Well-Known Member
Right - all that was a result of Elon making then withdrawing an offer resulting in a lawsuit and huge uncertainty. The advertisers understandably were not eager to commit to an unknown. Essentially Elon created a financial crisis for Twitter and was then forced to take over because he had signed a binding contract. Kinda sucks for him but he’s got no one else to blame.
sleepydoc
Well-Known Member
Can you pay me $8 with twitter so I can get a blue checkmark, too?
To me the real problem is that we don't know how much he needs to keep Twitter alive. If he has to sell $4B a year, who cares.
Artful Dodger
"Neko no me"
But according to @Artful Dodger #WTF analogies, the above cannot be truehe's ensnaring the shortiz #PREDICT #PREDICT
Yeah, if you're basing your predictions on Teslarati's hot take on a New York Times article, those preditions, YMMV.
That would be hilariously amazing when Tesla's max loss in a year was 2.7b. Didn't know every tweet was hand assembled.
Krugerrand
Meow
Um…it was quite a day?
He did not say "quiet day" -- did heUm…it was quite a day?
To gain interest on the monies you are transferring through there?
I know 2 of those don't work for me. Plus, I don't have the needed details for anybody I follow on Twitter to send them money via a 3rd party system.
If Twitter only takes a minimal cut and has direct linkage, there's a lot less friction when donating to creators.
Krugerrand
Meow
Just relax and wait. Elon didn’t say that, people are speculating. The only desperation are those that can’t wait 30 seconds.
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