Current Affairs Elon Musk
- Thread starter ReiRei
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Musk himself might just think he is “trolling the libs” and driving engagement on Twitter rather than actually being a full QAnon believer but end result will be much the same of emboldening that dangerous cult.
Martin Alvito
Player Valuation: £50m
I'm interpreting the whole thing as, 'He's enjoying himself and he doesn't care about consequences other people suffer.'
Which is one way of looking at the Twitter takeover in and of itself. He probably figures it's too big to fail since so many people in the public eye depend on it, so it doesn't matter if it does a heel turn, and the people that were trying to keep the place from becoming an out-and-out warzone can go hang.
Martin Alvito
Player Valuation: £50m
Shows you exactly what we all knew - the market was betting big on Musk's ability to hype lead into gold. Now that most people can agree that's gone, the stock is trading at sensible P/E levels in a historical sense.
What he'll probably rue is the resulting increase in difficulty of funding SpaceX. I could make the argument that he belongs in the cell next to Elizabeth Holmes on that one, but it's unlikely that a court of law would see it that way. Buying into a cult-of-personality hype train making grandiose claims about the future that any reasonable person would not believe is your fault. Making grandiose, false claims about the present is a crime.
One of these things is not like the others
is he still sending Bezos that giant #2 statue?
30x "forward earnings" still seems massively optimistic, or is this common practice and i am not aware? take away the subsidy and miss a few earnings targets and we see another giant dip in value, somewhere closer to reality.
He can take solace that he's still the world's biggest tw@ though.
I'm feeling that burn (I can confirm I'm certainly not notable tbh)
Martin Alvito
Player Valuation: £50m
A 30x multiplier is not an uncommon observation in a bull market. When share prices start reaching that level broadly, it's a giant red flag, but often the net result is a market/share price that moves sideways in a trading range while earnings catch up to a more reasonable share price reality.
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