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  • gimmesometruth27
    gimmesometruth27 St. Fuckin Louis Posts: 24,988
    i hate musk too. maybe his vision is going broke to own the libs?
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • Jearlpam0925
    Jearlpam0925 Deep South Philly Posts: 17,632
    SPAC basically shields the ops not the investors. Like the purpose of the SPAC is shielded, so what you're investing is opaque - or I should say the purpose of the SPAC is opaque. In my cynical brain the Truth SPAC was a matter of getting money from anyone worth rounding money up from that would fork it over for Truth, with the purpose of SPAC as the vehicle. Then pay out your execs/board/etc and since something like Truth doesn't have anything worth fundamentally investing in the price is tanking. So the everyday Joe investor is in a position to get ripped off. But then again I guess that goes with most dumb investments and if you're going to invest in a Trump thirst trap then I think you're someone that should be separated from your money.

    I guess what I'm saying is it's easier to get something dumb like Truth to go "public" via a SPAC and NASDAQ than when one thinks of a public/NYSE-traded company.
  • mrussel1
    mrussel1 Posts: 31,008
    Jearlpam0925 said:
    SPAC basically shields the ops not the investors. Like the purpose of the SPAC is shielded, so what you're investing is opaque - or I should say the purpose of the SPAC is opaque. In my cynical brain the Truth SPAC was a matter of getting money from anyone worth rounding money up from that would fork it over for Truth, with the purpose of SPAC as the vehicle. Then pay out your execs/board/etc and since something like Truth doesn't have anything worth fundamentally investing in the price is tanking. So the everyday Joe investor is in a position to get ripped off. But then again I guess that goes with most dumb investments and if you're going to invest in a Trump thirst trap then I think you're someone that should be separated from your money.

    I guess what I'm saying is it's easier to get something dumb like Truth to go "public" via a SPAC and NASDAQ than when one thinks of a public/NYSE-traded company.
    I think that's over cynical.  I think everyone knew that SPAC was for Truth, but the product didn't exist and they wanted to raise capital publicly rather than through a PE or a VC.  The reason it was so hot out of the gates of the IPO is because it was going to be Truth.  
  • Jearlpam0925
    Jearlpam0925 Deep South Philly Posts: 17,632
    True. Still cynical that it's easier to raise money without a product in hand and just a "vision" via the public than via PE/VC.
  • Jearlpam0925
    Jearlpam0925 Deep South Philly Posts: 17,632
    Lol
  • jerparker20
    jerparker20 St. Paul, MN Posts: 2,529
    Musk… what a pud…

    Share value of Tesla has dropped almost in half in the last month. Thinking it may be time to drop the handful of shares I own while I’m still up some.
  • tempo_n_groove
    tempo_n_groove Posts: 41,976
    edited May 2022
    jerparker20 said:
    Musk… what a pud…

    Share value of Tesla has dropped almost in half in the last month. Thinking it may be time to drop the handful of shares I own while I’m still up some.
    You know that he is going to split and pay dividends right?

    Edit: Amz and google are all down too.
    Post edited by tempo_n_groove on
  • mrussel1
    mrussel1 Posts: 31,008
    tempo_n_groove said:
    jerparker20 said:
    Musk… what a pud…

    Share value of Tesla has dropped almost in half in the last month. Thinking it may be time to drop the handful of shares I own while I’m still up some.
    You know that he is going to split and pay dividends right?
    Your stock drops by 50% and you then you split?  That's not normal.  

    You saw the Business Insider article about his sexual harassment settlement, right?  Now we know what's going on with him. 
  • Jearlpam0925
    Jearlpam0925 Deep South Philly Posts: 17,632
    mrussel1 said:
    tempo_n_groove said:
    jerparker20 said:
    Musk… what a pud…

    Share value of Tesla has dropped almost in half in the last month. Thinking it may be time to drop the handful of shares I own while I’m still up some.
    You know that he is going to split and pay dividends right?
    Your stock drops by 50% and you then you split?  That's not normal.  

    You saw the Business Insider article about his sexual harassment settlement, right?  Now we know what's going on with him. 
    Lol also explains why he's now a Republican.
  • mrussel1
    mrussel1 Posts: 31,008
    Jearlpam0925 said:
    mrussel1 said:
    tempo_n_groove said:
    jerparker20 said:
    Musk… what a pud…

    Share value of Tesla has dropped almost in half in the last month. Thinking it may be time to drop the handful of shares I own while I’m still up some.
    You know that he is going to split and pay dividends right?
    Your stock drops by 50% and you then you split?  That's not normal.  

    You saw the Business Insider article about his sexual harassment settlement, right?  Now we know what's going on with him. 
    Lol also explains why he's now a Republican.
    That's exactly what I said on teh GOP page.  It's no coincidence that he made that declaration right before this news broke. 
  • Jearlpam0925
    Jearlpam0925 Deep South Philly Posts: 17,632
    "They're attacking me." (no one's attacking him yet) "And that's why I am voting Republican." (news breaks that he sexually harassed someone who they then had sign an NDA for $250k, along with trying to wriggle his way out of the Twitter deal)

    This man has VISION.
  • mrussel1
    mrussel1 Posts: 31,008
    Jearlpam0925 said:
    "They're attacking me." (no one's attacking him yet) "And that's why I am voting Republican." (news breaks that he sexually harassed someone who they then had sign an NDA for $250k, along with trying to wriggle his way out of the Twitter deal)

    This man has VISION.
    Ha!  Clairvoyant vision.  Drop the mic dude. 
  • nicknyr15
    nicknyr15 Posts: 9,477
    jerparker20 said:
    Musk… what a pud…

    Share value of Tesla has dropped almost in half in the last month. Thinking it may be time to drop the handful of shares I own while I’m still up some.
    I know everyone hates Musk all of sudden now for political reasons but the entire market is in shambles and is entering a bear market. This is no way limited to TSLA. 
  • gimmesometruth27
    gimmesometruth27 St. Fuckin Louis Posts: 24,988
    nicknyr15 said:
    jerparker20 said:
    Musk… what a pud…

    Share value of Tesla has dropped almost in half in the last month. Thinking it may be time to drop the handful of shares I own while I’m still up some.
    I know everyone hates Musk all of sudden now for political reasons but the entire market is in shambles and is entering a bear market. This is no way limited to TSLA. 
    i hate him because he is a fucking douchebag. i do not care that he is a republican. though now it makes sense that he would change parties.

    there are many people like me who have been annoyed by him for several years now. 
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."
  • Jearlpam0925
    Jearlpam0925 Deep South Philly Posts: 17,632
    Oh, no, these things are not at all related for sure. Musk has always been a douche, and not just for "political reasons"; will be interesting to see what goes on in the intermediate with the markets as the fed pushes rates up some more.
  • mrussel1
    mrussel1 Posts: 31,008
    nicknyr15 said:
    jerparker20 said:
    Musk… what a pud…

    Share value of Tesla has dropped almost in half in the last month. Thinking it may be time to drop the handful of shares I own while I’m still up some.
    I know everyone hates Musk all of sudden now for political reasons but the entire market is in shambles and is entering a bear market. This is no way limited to TSLA. 
    We were hating on him before he made that announcement the other day.  Go back in the thread.  I hate on him because I've been critical of him investing Tesla cash into bit coin, effectively tying them together.  And then he wants to negotiate or back out of the deal because of bots, which have been on every fucking report by Twitter for the last several years.  And they keep saying they know they have a problem and cannot determine how many bots they have.  This is not new. 
  • jerparker20
    jerparker20 St. Paul, MN Posts: 2,529
    nicknyr15 said:
    jerparker20 said:
    Musk… what a pud…

    Share value of Tesla has dropped almost in half in the last month. Thinking it may be time to drop the handful of shares I own while I’m still up some.
    I know everyone hates Musk all of sudden now for political reasons but the entire market is in shambles and is entering a bear market. This is no way limited to TSLA. 
    I’m aware the markets are in flux at the moment.

    The point is Musk seems to have said “fuck it” as it relates to the performance of Tesla for shareholders with his recent behavior. If he keeps it up the board at Tesla is going to have to sack him as CEO.

    Also, doesn’t help that recent reports/reviews of Volkswagen’s upcoming EVs and General Motors EV batteries are going to be able to beat Tesla on price and performance.
  • tempo_n_groove
    tempo_n_groove Posts: 41,976
    I'll buy everyones Tesla shares at 1/2 off if you'd like.
  • cincybearcat
    cincybearcat Posts: 16,975
    I'm pretty nervous about all of this.  Not that much for my 401k, etc as I have plenty of time for a rebound.  But there are a lot of people who don't.  This plus gas prices plus inflation....all hitting everyone in various manners.  This is a death blow to the mid-terms and the next presidential election if it doesn't get under control.  And if that happens, we are going to have a very socially conservative leader and congress.....scary.  
    hippiemom = goodness
  • gimmesometruth27
    gimmesometruth27 St. Fuckin Louis Posts: 24,988
    cincybearcat said:
    I'm pretty nervous about all of this.  Not that much for my 401k, etc as I have plenty of time for a rebound.  But there are a lot of people who don't.  This plus gas prices plus inflation....all hitting everyone in various manners.  This is a death blow to the mid-terms and the next presidential election if it doesn't get under control.  And if that happens, we are going to have a very socially conservative leader and congress.....scary.  
    have there been any other countries that have handled this better than we have? last i checked inflation is much worse in the EU countries. maybe we should model after countries that have done a better job. i am not sure if any have though. has anybody heard of a better way? because i am all ears.
    "You can tell the greatness of a man by what makes him angry."  - Lincoln

    "Well, you tell him that I don't talk to suckas."

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