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S3EP37 Elon Musk's Twitter Circus: Land of Freedom or Just Another Capitalist Game?
Manage episode 387919573 series 3534517
Content provided by LBW Wealth Management. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by LBW Wealth Management or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Today we are going to discuss the high-trending event: Elon Musk's Twitter purchase. Musk offered to purchase Twitter back in April 2022 and waived due diligence. Then in July, he attempted to back out of the deal due to a spam bots claim, and Twitter sued. The acquisition was closed on October 2022. Nathaniel spoke of Musk's Twitter debt and cash flow (spoil alert: virtually nonexistent), and why he thinks that Musk may have overpaid for the deal. Now that Twitter is a private company without needing to report everything to the public, where is Musk taking the company? He promised a "platform of freedom", and yet days later assured the ad sponsors "business as usual"; he claimed that he bought Twitter to "help humanity", and yet threatened to fire 75% of employees and believes working-crazy-hours-culture. This is just the beginning. We can't wait to see where the future lands for Twitter.
171 episodes
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Manage episode 387919573 series 3534517
Content provided by LBW Wealth Management. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by LBW Wealth Management or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
Today we are going to discuss the high-trending event: Elon Musk's Twitter purchase. Musk offered to purchase Twitter back in April 2022 and waived due diligence. Then in July, he attempted to back out of the deal due to a spam bots claim, and Twitter sued. The acquisition was closed on October 2022. Nathaniel spoke of Musk's Twitter debt and cash flow (spoil alert: virtually nonexistent), and why he thinks that Musk may have overpaid for the deal. Now that Twitter is a private company without needing to report everything to the public, where is Musk taking the company? He promised a "platform of freedom", and yet days later assured the ad sponsors "business as usual"; he claimed that he bought Twitter to "help humanity", and yet threatened to fire 75% of employees and believes working-crazy-hours-culture. This is just the beginning. We can't wait to see where the future lands for Twitter.
171 episodes
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Similar to Critical Thinking Required
Capitalmind looks at stocks, bonds, funds and the macro to bring you their view on the Indian financial markets. We discuss all things related to investing at our focussed podcast that keeps it simple. For more, go to capitalmind.in and to invest with us, visit capitalmindwealth.com
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