Elon Musk, the man

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#3018129 7-Jan-2023 10:39

Starlink business customers should urgently check what effects the subsequent unilateral contract change due to the introduction of the data cap of 1 TB/month has for them now. Elon is running out of satellites (or out of bandwidth).

Qui nihil scit, omnia credere debet.
Firewalls do NOT stop dragons.
In effect we have everything to hide from someone, and no idea who someone is.

hotsupes

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#3019406 10-Jan-2023 08:23

kingdragonfly: Forbes: Elon Musk Sells Another $3.6 Billion In Tesla Stock To Prop Up Twitter

Elon Musk sold another $3.6 billion of Tesla stock in December, after selling nearly $3.95 billion in November.

Earlier stock sales were to help with the acquisition of Twitter, but reasons were not disclosed for the latest sale.

Tesla shareholders are becoming increasingly upset with Musk, who has stated multiple times he will stop selling stock, only to sell additional shares.
...
As of this writing, Tesla stock has lost 60% of its value in 2022. This is due to a combination of factors, including shareholders thinking Twitter is taking up too much of the Tesla CEO's time, fears of a recession in 2023, production pauses at Tesla, and Musk selling close to $22.9 billion in stock.
...

Interesting, as I just picked up some nicely discounted Tesla stock to HODL for awhile xD

kingdragonfly

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#3019410 10-Jan-2023 08:39

Washington Post: Twitter Jumped the Shark, Now It Looks Like MySpace

..history may show this as the moment Musk jumped the shark.

That term comes from the 1970s American sitcom Happy Days, which starred Henry Winkler as the leather-jacketed Fonzie and Ron Howard as freckle-faced Richie Cunningham. At the time, the series was one of the top-ranked shows on US television.

By season five, though, its writers were getting desperate for new ideas, so they had The Fonz do a water-ski jump over a shark. That episode, although a ratings success, showed how farcical the producers had become in chasing attention.

The show went on for another six seasons, but the audience started to lose interest and its ratings slid dramatically. Jumping the shark didn’t kill Happy Days, but it signaled a peak in relevance and popularity.
...

Gurezaemon

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#3019438 10-Jan-2023 10:07

kingdragonfly: Washington Post: Twitter Jumped the Shark, Now It Looks Like MySpace

..history may show this as the moment Musk jumped the shark.

That term comes from the 1970s American sitcom Happy Days, which starred Henry Winkler as the leather-jacketed Fonzie and Ron Howard as freckle-faced Richie Cunningham. At the time, the series was one of the top-ranked shows on US television.

By season five, though, its writers were getting desperate for new ideas, so they had The Fonz do a water-ski jump over a shark. That episode, although a ratings success, showed how farcical the producers had become in chasing attention.

The show went on for another six seasons, but the audience started to lose interest and its ratings slid dramatically. Jumping the shark didn’t kill Happy Days, but it signaled a peak in relevance and popularity.
...

At least Henry Winkler had the good grace to take this with humour - his character in Arrested Development make a not-so-subtle reference to this here.

Get your business seen overseas - Nexus Translations

Sideface

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#3020381 12-Jan-2023 10:39

BBC News - Elon Musk's drop in fortunes breaks world record

today

Elon Musk has broken the world record for the largest loss of personal fortune in history.

From November 2021 to December 2022 he lost around $165bn, Guinness World Records said in a blog on its website.

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quickymart

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#3020410 12-Jan-2023 12:12

Yep, looks like that Twitter buyout worked out really well for him in the end, didn't it? 🙄

surfisup1000

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#3020414 12-Jan-2023 12:18

quickymart:

Yep, looks like that Twitter buyout worked out really well for him in the end, didn't it? 🙄

Most of the loss is Tesla (they now have good competition) and general reversal of the asset bubble due to covid/money printing. Bezos / Zuckerberg also lost tens of billions.

Billionaires are returning to their net worth at the start of 2020, before covid money printing went crazy.

Twitter seems as strong as ever, despite predictions to the contrary.

Dingbatt

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#3020429 12-Jan-2023 12:45

surfisup1000:

Most of the loss is Tesla (they now have good competition) and general reversal of the asset bubble due to covid/money printing. Bezos / Zuckerberg also lost tens of billions.

Billionaires are returning to their net worth at the start of 2020, before covid money printing went crazy.

Twitter seems as strong as ever, despite predictions to the contrary.

Ahh, there you go, bringing facts to a “Tall Poppy” thread.

“We’ve arranged a society based on science and technology, in which nobody understands anything about science technology. Carl Sagan 1996

neb

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#3020457 12-Jan-2023 14:05

Sideface:
From November 2021 to December 2022 he lost around $165bn, Guinness World Records said in a blog on its website.

He hasn't really lost anything, all that's happened is that some bytes in a spreadsheet somewhere changed - things went from "number go up" to "number go down" for a bit. Here's an explanation from an economist on how the whole thing works.