So there's been a lot of interesting developments this week with Elon Musk's takeover bid with
Twitter, because initially, even as the, uh, trial is actually supposed to start later
this month, Elon Musk not wanting to go through that said, All right, fine, I agree to buy
Twitter for the initial asking price of 44 billion.
I'll do it.
Let's make it happen.
Here we go.
And then the funny thing happened, His funders pulled out the group that was going to provide
at least $1 billion for the 44 billion takeover bid, said, We're not interested anymore.
Not gonna happen.
Best of luck to you and your future endeavors, which kind of puts Elon Musk in a very uncomfortable
position, even with, you know, being the world's richest man, you still gotta have the cash.
And of course you don't wanna just blow your own cash, right?
That's what these millionaires and billionaires do.
It's like Donald Trump, right?
You know, you are worth $10 billion, but you still have to borrow money from banks and
whatnot because you're cash poor.
And I don't know how cash poor Elon Musk is.
We know Donald Trump is exceptionally cash poor.
But Elon Musk, if this now has to go to trial, because he's unable to immediately come up
with a cash to purchase Twitter, and then if the trial goes Twitter's way and they say,
Haha, you do have to purchase us.
The court can force Elon Musk to make the buy.
But what they cannot do is force his backers to fund the deal, which would immediately
put Elon Musk on the hook for 44 billion to buy Twitter.
If that happens, if that happens in that way, what Elon Musk would be forced to do, because
he would have no other options, would be to sell enough Tesla stock to come up with the
full purchase price.
By doing so, he would lose controlling shares of the company and not buy a little.
He would basically be a regular stockholder at that point, with no say and no control
over his own company.
So think about that for a moment.
Elon Musk is at a very real risk of losing his company Tesla, to buy a worthless sack
of Twitter, right?
I mean, listen, the thing about Twitter that Elon Musk wants to do is he wants to take
it private, which means you no longer get money from the stock.
Okay?
That's over.
You don't get to do that anymore.
So how is this thing gonna make money?
Just with sponsored posts?
You're gonna start charging people for retweets.
You're gonna charge them a monthly fee to be verified.
People won't do it.
Some will, some 100% will, most won't, and you're gonna lose a ton of money.
Twitter
Will become worthless.
Much like after News Corporation bought out my space, right?
Everybody remembers my space.
There's a huge big thing.
Sold it for hundreds of millions of dollars, I think $500 million, and then it went to
hell.
Everybody left and then it became worthless, and they ended up selling it for a couple
million dollars after paying 500 million for it.
It's the same scenario.
Elon Musk would turn Twitter into the new MySpace, cuz that's the thing folks have to
remember.
Like MySpace was the thing.
It was bigger than Facebook.
Facebook only got big because MySpace died.
And it so don't think for a second that social media networks can't die because they can.
They have, they will.
And that is exactly what Musk is headed towards.
So not only could he lose Tesla, but then he would destroy Twitter and end up losing
that too.
And basically the guy would be left with nothing.