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TWTR - Twitter, Inc.

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Garpal Gumnut said:
I doubt it somehow.

My guess is he will sell his stake at the higher price it is at now for a profit.

He will then head back in to Amber Heard, or some version of the foregoing.

gg
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In the Past billionaires used to buy News papers for fun, I see this as being the same thing, sometimes Musk just does things for fun, like his crypto plays, It’s probably best not to read to much into it, he will probably lose interest soon or he could take it over for fun, who knows?

Hahaha, forget Amber he should have stuck with Grimes,
 
Value Collector said:
In the Past billionaires used to buy News papers for fun, I see this as being the same thing, sometimes Musk just does things for fun, like his crypto plays, It’s probably best not to read to much into it, he will probably lose interest soon or he could take it over for fun, who knows?

Hahaha, forget Amber he should have stuck with Grimes,
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Musks 'fun' is simply pushing limits and upsetting the apple cart. Most billionaires buy sports teams for fun and newspapers to control opinion.

I think the long-term consequences of this will be changes to corporation laws (via courts) banning poison pills and some shareholders rights plans in the US.

Short term I suspect we'll be seeing a lot of changes at Twitter to get broker and market interest up to justify higher "on paper" valuations. I wouldn't want to be a board member right now.
 
Musk enjoys/entertains himself splashing big money around in such ways while making significant quick profits - whether it's in Tesla, Crypto, Twitter whatever he touches turns to gold lol well big $$ anyway
 
What I find somewhere between amusing and eye rollingly ridiculous is the reactions of the left to this. They don't want musk to own it in spite of all their previous rhetoric of "it's a private company" etcetera.

Apparently Musk is a Nazi, absolutely evil personified, in spite of him making EVs and all that sort of really cool left-wing crap.
 
Elon Musk has presented a pitch deck to investors in recent days outlining his grand — some might say incredible — plans for Twitter and its financial targets. The New York Times obtained the presentation. Here’s a peek into what Musk sees for the social media service in the years ahead.

Quintuple revenue to $US26.4 billion ($37.30 billion) by 2028.
In his pitch deck, Musk claimed he would increase Twitter’s annual revenue to $US26.4 billion by 2028, up from $US5 billion last year.

Cut Twitter’s reliance on advertising to less than 50 per cent of revenue.
Under Musk, advertising would fall to 45% per cent of total revenue, down from around 90 per cent in 2020. In 2028, advertising would generate $US12 billion in revenue and subscriptions nearly $US10 billion, according to the document. Other revenue would come from businesses such as data licensing.

Produce $15 million in revenue from a payments business.
Twitter would bring in $US15 million from a payments business in 2023, according to the document, which would grow to about $US1.3 billion by 2028. The company’s payments business today, which includes tipping and shopping, is negligible. There has been speculation that Musk may introduce payment abilities to Twitter given that he helped popularise PayPal, the digital payments service.

Increase average revenue per user by $US5.39.
With all of these changes, Musk anticipates he can lift Twitter’s average revenue per user — a key metric for social media companies — to $US30.22 in 2028 from $US24.83 last year, according to the document.

Reach 931 million users by 2028.
Musk anticipates Twitter’s total number of users will grow from 217 million at the end of last year to nearly 600 million in 2025 and 931 million six years from now. Most of that growth will come from Twitter’s ad-supported business, including Twitter Blue, for which users pay $US3 a month to customise their experience on the app. According to the pitch deck, Musk expects 69 million users of Twitter Blue by 2025 and 159 million in 2028.

Have 104 million subscribers for a mysterious X by 2028.
Included in Musk’s total user estimates are what appear to be subscribers to a new product called X, which would have 104 million users in 2028, according to the document. The document did not detail what X Subscribers was, but Musk has hinted at introducing an ad-free experience on Twitter. The X Subscribers product shows up on the pitch deck in 2023, with 9 million users expected in its first year.

Hire 3600 employees — after shedding hundreds.
By 2025, Musk anticipates Twitter will have 11,072 employees, according to the document. That would be up from around 7500 today.

But in between, Musk expects the number to fluctuate, rising to 9225 employees in 2022, then declining to 8332 in 2023 before increasing again. Musk is likely to shed workers as part of his takeover, before bringing on new talent in engineering, a person with knowledge of the situation said. Stock-based compensation costs are also expected to rise to just over $3 billion by 2028, from $914 million in 2022.

Raise free cash flow to $9.4 billion.
Twitter will add about $US13 billion of debt as part of Musk’s buyout plan. But he expects to pay that debt down as free cash flow — a measure of how much money a company has to service its debt — is set to grow to $US3.2 billion in 2025 and $US9.4 billion in 2028, according to the pitch deck. Free cash flow would rise even as operating expenses and costs also rose, according to the document.

This article originally appeared in The New York Times.
 
Twitter booted out of the S&P "ESG" Index... You know the index that's supposed to be for environmentally and socially responsibly companies. When you see the list below of the top 10 makeup of this index its absolutely impossible to understand how Tesla was kicked out - one of the excuses given by the lizard people was that Tesla had a “lack of a low-carbon strategy” I mean EXXON is there.... EXXON... No matter how you slice it this doesn't help Tesla. Getting booted from indices in general is not good even if they are a complete joke on humanity.

Top companies in the S&P ESG Index: (which is pretty well the top by Market cap in the US list) Good luck trying to find the full list - I gave up after 5 minutes searching on google.
  • Apple
  • Google
  • Microsoft
  • Amazon
  • Nvidia
  • Proctor & Gamble
  • Exxon
  • United Health
  • JP Morgan (take Tesla's place)
Berkshire Hathaway is not on this list either despite them operating (and I believe building) the largest (or at least second) renewable energy capacity in the US. To my mind Berkshire and Tesla do a far better job of being social conscious than any of the companies listed above. But Buffett and Musk are alternative thinkers who do not bow to wall street so no surprise they don't qualify.
 
Elon Musk has officially closed the deal for Twitter at $44B and has reportedly removed a number of top EX-ecutives from the company. Interesting to see what the broader market reaction will be when trading on Wall Street resumes tonight.
 
CityIndex said:
Elon Musk has officially closed the deal for Twitter at $44B and has reportedly removed a number of top EX-ecutives from the company.
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Twitter executives who were fired include Parag Agrawal, Twitter’s chief executive, Ned Segal, the chief financial officer, Vijaya Gadde, the top legal and policy executive, and Sean Edgett, the general counsel, said people who declined to be identified
 
the modern way

The ABC understands most Australian Twitter staff have been logged out of the company's system, with workers globally to find out whether they still have a job via email.
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www.abc.net.au

Australian Twitter staff locked out of company systems ahead of global lay-offs

The ABC understands most Australian Twitter staff have been logged out of the company's system, with workers globally to find out whether they still have a job via email.
www.abc.net.au www.abc.net.au

- during the GFC, more than one financial company had a fire alarm set off, and then only those 'elect' to be retained could use their security pass to get back in the building
 
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I can't imagine what Twitter will become under Musk. The possibilities are endless for such a company. The only thing that will prevent it 10-bagging in price will be attacks from corporate/Democratic America. One such company has already started. The most evil company on the planet, in fact! Pfizer pulled their ads from Twitter the day after Elon took over.
 
Gringotts Bank said:
I can't imagine what Twitter will become under Musk. The possibilities are endless for such a company. The only thing that will prevent it 10-bagging in price will be attacks from corporate/Democratic America. One such company has already started. The most evil company on the planet, in fact! Pfizer pulled their ads from Twitter the day after Elon took over.
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and that is a bad thing ??

advertisers doing the heavy threats is what killed old media , ( folks started waking up the news was no longer 'news' , but advertorials , and infomercials and stuff )
 
Gringotts Bank said:
I can't imagine what Twitter will become under Musk. The possibilities are endless for such a company. The only thing that will prevent it 10-bagging in price will be attacks from corporate/Democratic America. One such company has already started. The most evil company on the planet, in fact! Pfizer pulled their ads from Twitter the day after Elon took over.
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and Amber Heard got blocked !!!

what will people think, now.
 
www.google.com

Twitter sacks half of staff as Elon Musk launches overhaul

Twitter sacks half of its 7,500-strong staff as new owner Elon Musk launches a major overhaul of the troubled social media company just a week after his takeover.
www.google.com www.google.com

I can't imagine how any company can sack half the workforce and still maintain full operations. Tells you something about the extreme waste in tech companies...Imagine Commonwealth bank or BHP sacking half the workforce and operations still smoothly continuing. Twitter working just fine this morning.

With regards to advertising.... Think of all the free media attention these companies just received for "suspending advertising". Give it a month and they're gonna be back quietly advertising. It's all part of the game.
 
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