Rumble's interface and platform sucks. They really have not put nearly enough work into it. Until they actually make it a decent platform technically, I won't use it.
Yes, right now if you want to watch video, there are really no other choices unfortunately. Rumble has a chance but their execution is piss poor. I mean at a time when tons of people want an alternative to YouTube, if you want to listen to some music, watch DIY videos etc. they have almost no content.
This is very true, I have been able to ditch almost all "woke" companies from insurance to phone carriers but YouTube has no current replacement. I use brave browser to remove ads or NewPipe to rip content but I can't wait for a real.alternative.
Everyone is gunning for Alphabet -- they use to be more strict with their filters; but with competition, I noticed youtube is more relaxed. But I don't care.. Their brand has already been damaged. Drip, by Drip... Youtube.. google search.. etc. will die.
I've been using Yandex for political research. The results there are unfiltered. There are Hilary and Obama quotes that I can find there that just don't exist anymore on Google. That's not a coincidence.
Yes, Yandex is "Russian Google", but it works great.
Twitter now has Community Notes, which uses an open source algorithm to decide which notes are the most agreed upon by people who would normally disagree with each other.
The problem is that it's still restricted on who's allowed to use it. Particularly if your account has ever been banned for any reason even temporarily you're not allowed to do any fact checking for them. And as we know the trannies that run social media rigorously ban any right-wing accounts for any reas
Not to mention the left wingers have figured out how to game the algorithm in order to suppress community notes that they don't want people to seee
"which notes are the most agreed upon by people who would normally disagree with each other"
this is interesting. One feature (which might be difficult to implement at mass scale) would be the ability to flip between algorithm sets to compare (this one, my disde, their side, middle of road, etc)
Warren Buffet didn't make real money until he owned banks and insurance. He already has more access to insider info than most. Add exponential leverage and voila.
Exactly. All the major carmakers have captive financing. This buy could help Elon is many, many ways. It would open the door for him to be invited to more tables, most obviously the banking world.
Of course he misses paypal. Do you have any idea how much power a payment processor, yet alone a payment gateway has? Visa can make every other fortune 500 company kneel and lick their boots.
Actually from a business point of view, it's a great opportunity. There's a lot of dead weight in companies these days, fire them and see a large, immediate ROI.
Twitter operating losses are a rounding error for someone with $191 billion net worth.
EDIT: 191 not 30. What I said was true at $30b. Operating losses are a fraction of Twitter's acquisition cost--the latter now a sunk cost embedded in Elon's net worth.
If someone really understands something in greater depth than I do, I'm always happy to learn.
You forced me to sharpen my pencil. I said earlier $30b net worth? Nope, I remembered wrong. It's $191b in net worth.
But what was already true for $30 b is even more so for $191 b.
That's 191b after spending $15 billion for Twitter. Whether Twitter's appraised value today is higher or lower has no impact on its cashflow, only Elon's net worth. That $15b is a sunk cost for him. (The rest of the total paid came from other investors.) What he paid for Twitter in total is less than 10% of Elon's total net worth.
But the issue is the cost of ongoing ownership. How much do you assert he's losing each month? What do you estimate his operating losses to be? Operating costs in late 2022 were $5 billion annually...but revenues recover much of that. Now that he's fired thousands of workers and scaling back office buildings, the gap is probably getting pretty small.
WHATEVER IT IS, It's going to have to be massive to even remotely material relative to $191 billion.
Heres a fact.... 15% of your net worth is not a "rounding error". Its not simply operating costs, he had to pay for the company itself and has recouped less than zero.
Yes, that's exactly how it works. There's even a term for this: Blockbusting. Import DIE, all of the regular folks in the neighborhood flee, buy up the cheap property, kick out the DIE and resell.
Not when it comes to banks. Elon thinks the Feds are crawling up his ass now, wait until he owns a bank, the most regulated business on the fucking planet. Over half the employees at large banks are strictly there for regulatory compliance reasons.
The bank is worth the losses but don't have the liquidity to produce the cash for the current bank run they are having. So yes they have the value but not the cash, a venture capitalist wet dream.
Let the FED keep that bad stuff in the just-created-today "FDIC Bank of Santa Clara". Elon buys the bones. This is what ANYBODY buying will purchase anyway.
I know first hand. A bank introduces incredible regulation and government xontrol. You would be in shock.
Also, this is poison. It's best to stay away from toxic energy .... it's a massive pile of shit. Even bank of America was super angry they were forced to buy Merrill, they were threatened ! They didn't want it... who the hell would want something that's a train wreck. But more importantly they have incredible money in long term bonds like absolute fools. Mismanagement. That's a time bomb.
Not a Elon fan but PayPal change digital banking in the days of the Internet wild west. It was hugely suspect to give your card information to random site's when PayPal came out. Honestly it was the 90s digital currency. PayPal would pay your bill with your details with exposure to other 3rd parties. Back than it was a break through that expanded e-commerce to what we see today.
I remember those days. You'd find these vendors on-line but weren't too sure how legit, ethical and reliable there were. That still goes today for unknowns but before I'd ever purchase from them, I would scour the internet looking for reviews and ratings for the seller. Never got ripped off until 3rd party sellers came to Amazon.
i remember the days of western union payments where you had to walk into a store, hand them the money, fill out the paperwork, and they would take 20% in fees
do you like paying extra fees when buying license tabs, hunting licenses, or paying property taxes? because anything the state requires payment for they tack on fees unless you pay by check. So fuck you for giving the credit card companies and the State extra money. shop online if you forget your ADHD meds and can't handle waiting in line like a normal human.
You said fuck people who write checks, But you have no idea how the system works, and likely cash your check at walmart every week and live hand to mouth...the rest of us have success in life and use checks because it's better than carrying all that cash. There is no other alternative unless you like paying extra fees or making evil credit card companies rich. SO fuck people that are poor and can't handle other people writing checks.
Details are foggy but I seem to remember reading (either right before he got the keys to Twitter, or shortly after) that Musk eventually wanted to make new Twitter into a modern Amazon/Facebook (IG, whatever)/ PayPal all rolled into one. I could see the bank purchase being a big step in this direction. Wanna buy the truck you have been drooling over? Twitter can do it. Need new sneakers? Twitter. Not just payment processing, but financing, delivery (damn self driving cars) and so on. It was sobering to read how all-encompassing the vision was.
He’s likely been waiting for this type of opportunity to arise, the application for the payment processor was filed in Silicon Valley if I remember correctly.
Western WeChat. He already has a proven model to copy. We should expect all the same features and more. So video, payment processing, messaging, video and voice calling, the ability to pay companies to allow customers to pay for everything through the app, etc.
Wow, I was just thinking this tonight; thinking how awesome it would be to have someone who was more supportive of conservative talking points open their own bank. Why is it that every communist has control of our money.
Because they were proactive. They played the long game. They planted the seeds over a wide field, nurtured those seeds, particularly the ones that would be in charge of shit like "our money", schools etc.
And buying an existing bank, like SVB, would be a boost to us too bc banking infrastructure is EXTREMELY difficult to establish now. Buying something prebuilt would be a huge help. And under Elon’s control, he can expose the dirt on all of their clients.
No, my friend. Today's children, middle- high school age, watch it more than anyone. It's been normalized for them. I saw a video where a high school band was suspended from a school talent show. They said they would play a song, but instead the played the PornHub theme. ALL THE KIDS in the audience shouted in praise when they heard it. How would they know what it is?
The commies (especially those with little hats) have poisoned the hearts and minds of the youth, just like Yuri Bezmenov warned.
There's a bit of a split in the banking world between the Wall Street banks and the EU Central Banking zombie banks.
Sadly, neither are what we would call Conservative, but the divide is an indication that Wall Street is sensing that the central banking model (IE. One World Gov't) is failing.
We're going to see more bank failures, particularly in the EU.
Everybody build an Earthship and start planting food. that is the only way out of it and it has to be a mass karmic acceleration! Like everyone putting down their ploudsheds and weapons and just going home (especially when the Aliens come lol)
Your right I am sure there are Capitalist with money but it seems in this war the communist have the upper hand! I keep waiting for the Capitalist to return fire and then think they are all gone replaced by Communist and I panic. I am a woman though and allowed to Panic a bit if I like.
yes. and clearly we've upset a certain group by even mentioning it.
that being said, i think the auto-delete filters might actually work for certain combinations of words, and not just singular words. i was having convo with someone earlier, and using the same ((word)) the whole time, and then suddenly my last comment got deleted and scanning it i cant figure out what wouldve caused it to be deleted. for instance ((caucasian)) is fine, and ((baker)) is fine, but put two and two together and the post gets deleted for noticing.
He continues to amaze me. My friend works for him at Space X and I told her next event she has to send me an airplane ticket and I will go with her! It would be awesome!!!
As I mentioned, SVB must have some high-profile clients. Buying the bank would give Elon a peak into their assets and financial health, who they do business with, etc. It would be like buying an intelligence agency. Chess, not Checkers!
He would essentially get oppo research on 90% of Twitter's competitors as well. Startups are the threat to Twitter right now, not any established company.
A banks value is not the money it owes, but the money that's its owed. SVB must have some high-profile clients. Buying the bank would give Elon a peak into their assets and financial health, who they do business with, etc. Chess, not Checkers!
Depends on what you're looking for. Just knowing who does business with whom, when and were they wire money, where the money originated from, how often they make payments, etc. is enough for a few forensic auditors to paint a very detailed picture. Again, it's not about the money itself, it's about how the money moves and where.
I'm not sure whether it would be a good idea or not. But I am sure it would be absolutely hilarious watching liberals lose their minds over him buying it.
Control the bank, control all the tech companies. He can hold them "Hostage" in a sense by ensuring they toss their woke ideologies if they want to do business with him.
He was just talking today on a podcast about how PayPal could've killed all the old banks, but he parted ways with them when they became too risk averse. Would be crazy if he does all that shit with twitter.
He have to see bankruptcy and fec intervention and their impact to consider but if he can buy it out cheap after to big to fail goes into effect he might well stand to make a fortune. Market is volotile and the next month will show for him good or bad. Wells Fargo aint even got their shit straight. Not like they ever did tho
Buying distressed assets is the way to get rich.
Only if you fire all the fag obsessed DEI wokesters that drove it into the ground in the first place
He seems to have a talent for that.
He seems to also miss the banking game. I think Elon low-key misses owning PayPal.
Plus, banks can print money. That's nice to have if Tesla needs a few loans here or there.
Elon should start his own fact checking company
And he should also use Twitter to spread real news in people's news feeds
What I want him to do is make Twitter into a real competitor to YouTube!
Rumble is going through a great growth spurt.
In users, not in content variety. There's nobody there posting videos on home repair, gardening, finance, hobbies, etc.
There's a few gamers, but it's mostly still only political outcasts exiled from YouTube.
Rumble's interface and platform sucks. They really have not put nearly enough work into it. Until they actually make it a decent platform technically, I won't use it.
Yes, right now if you want to watch video, there are really no other choices unfortunately. Rumble has a chance but their execution is piss poor. I mean at a time when tons of people want an alternative to YouTube, if you want to listen to some music, watch DIY videos etc. they have almost no content.
This is very true, I have been able to ditch almost all "woke" companies from insurance to phone carriers but YouTube has no current replacement. I use brave browser to remove ads or NewPipe to rip content but I can't wait for a real.alternative.
Bring back Periscope!
I second that!
Everyone is gunning for Alphabet -- they use to be more strict with their filters; but with competition, I noticed youtube is more relaxed. But I don't care.. Their brand has already been damaged. Drip, by Drip... Youtube.. google search.. etc. will die.
I've been using Yandex for political research. The results there are unfiltered. There are Hilary and Obama quotes that I can find there that just don't exist anymore on Google. That's not a coincidence.
Yes, Yandex is "Russian Google", but it works great.
fact-check cashing company 🤑
Twitter now has Community Notes, which uses an open source algorithm to decide which notes are the most agreed upon by people who would normally disagree with each other.
The problem is that it's still restricted on who's allowed to use it. Particularly if your account has ever been banned for any reason even temporarily you're not allowed to do any fact checking for them. And as we know the trannies that run social media rigorously ban any right-wing accounts for any reas
Not to mention the left wingers have figured out how to game the algorithm in order to suppress community notes that they don't want people to seee
"which notes are the most agreed upon by people who would normally disagree with each other"
this is interesting. One feature (which might be difficult to implement at mass scale) would be the ability to flip between algorithm sets to compare (this one, my disde, their side, middle of road, etc)
Warren Buffet didn't make real money until he owned banks and insurance. He already has more access to insider info than most. Add exponential leverage and voila.
Correct. "I've got one that can see!"
He misses the idea of owning PayPal. He probably wouldn't be happy at all with all the faggotry that has transpired there since he left.
OR direct-to-consumer loans to buy a Tesla. Or a Tesla Wall. Or a Starlink. or to fund your satellite launch on an Elon rocket.
Exactly. All the major carmakers have captive financing. This buy could help Elon is many, many ways. It would open the door for him to be invited to more tables, most obviously the banking world.
Of course he misses paypal. Do you have any idea how much power a payment processor, yet alone a payment gateway has? Visa can make every other fortune 500 company kneel and lick their boots.
Actually from a business point of view, it's a great opportunity. There's a lot of dead weight in companies these days, fire them and see a large, immediate ROI.
Except twitter isnt turning a profit.
Twitter operating losses are a rounding error for someone with $191 billion net worth.
EDIT: 191 not 30. What I said was true at $30b. Operating losses are a fraction of Twitter's acquisition cost--the latter now a sunk cost embedded in Elon's net worth.
What I said is vastly more true at 191.
You dont know what the hell youre talking about.
If someone really understands something in greater depth than I do, I'm always happy to learn.
You forced me to sharpen my pencil. I said earlier $30b net worth? Nope, I remembered wrong. It's $191b in net worth.
But what was already true for $30 b is even more so for $191 b.
That's 191b after spending $15 billion for Twitter. Whether Twitter's appraised value today is higher or lower has no impact on its cashflow, only Elon's net worth. That $15b is a sunk cost for him. (The rest of the total paid came from other investors.) What he paid for Twitter in total is less than 10% of Elon's total net worth.
But the issue is the cost of ongoing ownership. How much do you assert he's losing each month? What do you estimate his operating losses to be? Operating costs in late 2022 were $5 billion annually...but revenues recover much of that. Now that he's fired thousands of workers and scaling back office buildings, the gap is probably getting pretty small.
WHATEVER IT IS, It's going to have to be massive to even remotely material relative to $191 billion.
You have facts to the contrary?
Heres a fact.... 15% of your net worth is not a "rounding error". Its not simply operating costs, he had to pay for the company itself and has recouped less than zero.
I wish people would stop saying "DEI".
It's actually D.I.E. as in
DIE, whitey!
Well yes, Farty, but then google wouldn't search for the right stuffems...
D.I.E. workers. I've pissed off a few people switching that around.
I also change it knowingly to annoy people
IED
That works too. They always blow up a company.
I think he's buying the bank because it's so much fun to fire DEI obsessed faggots.
Yes, that's exactly how it works. There's even a term for this: Blockbusting. Import DIE, all of the regular folks in the neighborhood flee, buy up the cheap property, kick out the DIE and resell.
Not for anyone who bought Lehman Brothers assets
Paulson fucked Lehman because he was a Goldman guy.
He just slapped him with his big Treasury dick, pretended he was stupid, and nobody fucking seemed to notice.
Not when it comes to banks. Elon thinks the Feds are crawling up his ass now, wait until he owns a bank, the most regulated business on the fucking planet. Over half the employees at large banks are strictly there for regulatory compliance reasons.
This ^. You think he bought a crime scene at Twitter, they definitely don’t want him sniffing around their money.
SVB is barely a bank. It just moves cash between accounts for VCs and Startups while giving out fancy soda and hockey tickets.
I like the idea, but this was my first thought too
The bank is worth the losses but don't have the liquidity to produce the cash for the current bank run they are having. So yes they have the value but not the cash, a venture capitalist wet dream.
$2B liquidity on $200B in assets. A total wet dream.
Let the FED keep that bad stuff in the just-created-today "FDIC Bank of Santa Clara". Elon buys the bones. This is what ANYBODY buying will purchase anyway.
Who wants 10 year 1 % bonds. Who wants drama . Start clean from scratch. Keep away from poison
Easier to buy it than to build it, but sometimes you buy a money pit.
I know first hand. A bank introduces incredible regulation and government xontrol. You would be in shock. Also, this is poison. It's best to stay away from toxic energy .... it's a massive pile of shit. Even bank of America was super angry they were forced to buy Merrill, they were threatened ! They didn't want it... who the hell would want something that's a train wreck. But more importantly they have incredible money in long term bonds like absolute fools. Mismanagement. That's a time bomb.
On the investment side, the Merrill guys took over BoA's investment banking and financial advisory services.
BoA may have been the acquiring company, but the Merrill guys seem to be running a lot of the show.
Interestingly, I was being recruited by both at the time so had a bit of inside baseball.
Today the 2 sides have problems its a cluster fuck to work for. Passionately dislike them
There's many reasons I walked away from Wall Street in 2009, and that's one of them.
I need to learn how to walk away... I don't know what else I would do for work. :(
He would probably be buying another crime scene like Twitter.
Now that he’s expressed interest, watch to see if they go after him again.
I feel bad that I even have to mention this but Elon did get his start with PayPal.
I’m sure the 20 year old geniuses in here all remembered that.
Not a Elon fan but PayPal change digital banking in the days of the Internet wild west. It was hugely suspect to give your card information to random site's when PayPal came out. Honestly it was the 90s digital currency. PayPal would pay your bill with your details with exposure to other 3rd parties. Back than it was a break through that expanded e-commerce to what we see today.
I remember those days. You'd find these vendors on-line but weren't too sure how legit, ethical and reliable there were. That still goes today for unknowns but before I'd ever purchase from them, I would scour the internet looking for reviews and ratings for the seller. Never got ripped off until 3rd party sellers came to Amazon.
“Ooh! 128-bit encryption!”
..or whatever it was
Also Neuralink is a total fraud, besides being demonic just like his twattprofilepic costume.
Don't look into his mother's "lifestyle choices"...
You might understand his costume choices better.
Nor into his last overt witch of an ex (and mother of two of his).
Sigh.
Yup.
paypal revolutionized payment on the internet.
now its gay.
but back in the day, it was critical.
i remember the days of western union payments where you had to walk into a store, hand them the money, fill out the paperwork, and they would take 20% in fees
Critical to online marketplaces and small, anonymous transactions I'd say.
It was all we used to use with Ebay, and ebay was giant back in its day.
your either a historically illiterate zoomer
or a technologically illiterate boomer
or just an idiot
thats okay, i dont care if youre stupid, and i dont intend to fix it with a history lesson.
What happened to hating Gen X? I just don't get it.
Gen X redefined self loathing. People don't enjoy hating Gen X because we hate ourselves more than you ever could. Thanks boomer parents.
GenX lived through paypal and knows what a difference it made for ecommerce
X
Fuck checks and those who write them.
do you like paying extra fees when buying license tabs, hunting licenses, or paying property taxes? because anything the state requires payment for they tack on fees unless you pay by check. So fuck you for giving the credit card companies and the State extra money. shop online if you forget your ADHD meds and can't handle waiting in line like a normal human.
Jesus, I just wish employers paid with cash, so I wouldn't have to deal with a bank to get my money.
It's funny, though, that your main argument is that checks are the State's favorite payment method, and so that's why we still need banks.
And I never said anything about credit cards.
You said fuck people who write checks, But you have no idea how the system works, and likely cash your check at walmart every week and live hand to mouth...the rest of us have success in life and use checks because it's better than carrying all that cash. There is no other alternative unless you like paying extra fees or making evil credit card companies rich. SO fuck people that are poor and can't handle other people writing checks.
He’s already applied for a license to make Twitter a payment processor
And? Sounds like a win-win in. If the Twitter payment thing falls through, he has another payment system alternative.
Details are foggy but I seem to remember reading (either right before he got the keys to Twitter, or shortly after) that Musk eventually wanted to make new Twitter into a modern Amazon/Facebook (IG, whatever)/ PayPal all rolled into one. I could see the bank purchase being a big step in this direction. Wanna buy the truck you have been drooling over? Twitter can do it. Need new sneakers? Twitter. Not just payment processing, but financing, delivery (damn self driving cars) and so on. It was sobering to read how all-encompassing the vision was.
Makes me think Elon is the Trojan horse to roll in that Chinese type app that rules over your entire life
Thats exactly what he wants his own version of 'WeChat'
He said openly many times that he will merge Twitter into X - his Western version of WeChat
He’s likely been waiting for this type of opportunity to arise, the application for the payment processor was filed in Silicon Valley if I remember correctly.
Yeah what did he call it, the "everything app "?
Western WeChat. He already has a proven model to copy. We should expect all the same features and more. So video, payment processing, messaging, video and voice calling, the ability to pay companies to allow customers to pay for everything through the app, etc.
Processor or a gateway? One is expensive but extremely powerful.
Wow, I was just thinking this tonight; thinking how awesome it would be to have someone who was more supportive of conservative talking points open their own bank. Why is it that every communist has control of our money.
Because they were proactive. They played the long game. They planted the seeds over a wide field, nurtured those seeds, particularly the ones that would be in charge of shit like "our money", schools etc.
Exactly. Meanwhile, we were busy talking about sportsball and watching porn. When you're right, you're right.
And buying an existing bank, like SVB, would be a boost to us too bc banking infrastructure is EXTREMELY difficult to establish now. Buying something prebuilt would be a huge help. And under Elon’s control, he can expose the dirt on all of their clients.
This was a point I was going to make.
Getting a bank charter is fraught with political and regulatory challenges.
Same concept as many other industries like liquor licenses, but much more political.
No, he can't do that. But still, it would give him a high-level map to see what's going on beyond the mandatory public filings.
Correct. Banking privacy laws need to be adhered to.
Do we want a guy who has access to so much data and other interesting endeavors involved in banking as well?
I don't care how someone feels about Elon's motives, centralized power and influence will always be dangerous.
No, my friend. Today's children, middle- high school age, watch it more than anyone. It's been normalized for them. I saw a video where a high school band was suspended from a school talent show. They said they would play a song, but instead the played the PornHub theme. ALL THE KIDS in the audience shouted in praise when they heard it. How would they know what it is?
The commies (especially those with little hats) have poisoned the hearts and minds of the youth, just like Yuri Bezmenov warned.
Finish what your ancestors started. It is your moral obligation.
There's a bit of a split in the banking world between the Wall Street banks and the EU Central Banking zombie banks.
Sadly, neither are what we would call Conservative, but the divide is an indication that Wall Street is sensing that the central banking model (IE. One World Gov't) is failing.
We're going to see more bank failures, particularly in the EU.
Everybody build an Earthship and start planting food. that is the only way out of it and it has to be a mass karmic acceleration! Like everyone putting down their ploudsheds and weapons and just going home (especially when the Aliens come lol)
It might be too late regarding the aliens:
https://saraacarter.com/pentagon-ufo-chief-says-ufo-mothership-possibly-in-our-solar-system/
Your right I am sure there are Capitalist with money but it seems in this war the communist have the upper hand! I keep waiting for the Capitalist to return fire and then think they are all gone replaced by Communist and I panic. I am a woman though and allowed to Panic a bit if I like.
hol up, that ((-)) could be something your not allowed to say on this patriotic american website
Correct. There are auto-delete filters in place. If the "Edit" button is missing, you'll know.
yes. and clearly we've upset a certain group by even mentioning it.
that being said, i think the auto-delete filters might actually work for certain combinations of words, and not just singular words. i was having convo with someone earlier, and using the same ((word)) the whole time, and then suddenly my last comment got deleted and scanning it i cant figure out what wouldve caused it to be deleted. for instance ((caucasian)) is fine, and ((baker)) is fine, but put two and two together and the post gets deleted for noticing.
Musk has talked about a Twitter PayPal type deal, so I'm sure he's well aware of the problem.
He continues to amaze me. My friend works for him at Space X and I told her next event she has to send me an airplane ticket and I will go with her! It would be awesome!!!
If we weren't in a pedocommie hellhole authoritarian regime I would say this is the best timeline
Knowing this guy it's gonna be something like Doge Bank. Open a new account over $500 and get a limited edition NFT toaster or some stupid shit.
For being so dumb he seems to overcome a lot of shit that us normal people can’t.
"You can't just buy a bank, Elon!"
"Yes, yes, I can."
Bruce Wayne moves.
Does he really want a state charter bank in California though?
As I mentioned, SVB must have some high-profile clients. Buying the bank would give Elon a peak into their assets and financial health, who they do business with, etc. It would be like buying an intelligence agency. Chess, not Checkers!
He would essentially get oppo research on 90% of Twitter's competitors as well. Startups are the threat to Twitter right now, not any established company.
Startups are not a threat to Twitter; it's established firms that have the power to undermine him.
Either way, there's intelligence value in the buy beyond the bank's immediate assets.
Or the antichrist
Terrible idea. Go buy a local bank for $6 million. Put the other billions aside that you would save and just implemented into Twitter and kick it.
A banks value is not the money it owes, but the money that's its owed. SVB must have some high-profile clients. Buying the bank would give Elon a peak into their assets and financial health, who they do business with, etc. Chess, not Checkers!
How many of those clients still have money there now?
I know I wouldn't, and I used to work for the banks.
Banks keep records, though. Again, I see the value in the financial data, not the deposits.
There's some ethics issues in play here, but let's not be naive, we know the data is mined.
From my experience, most of the less savory banking is not done onshore, so I don't think there's going to be a jackpot of information to be gained.
Depends on what you're looking for. Just knowing who does business with whom, when and were they wire money, where the money originated from, how often they make payments, etc. is enough for a few forensic auditors to paint a very detailed picture. Again, it's not about the money itself, it's about how the money moves and where.
I'm not sure whether it would be a good idea or not. But I am sure it would be absolutely hilarious watching liberals lose their minds over him buying it.
Bingo
a non woke bank that won't punish non-woke people and companies? sounds like a huge money maker!!
Sounds like a Credit Union!
Control the bank, control all the tech companies. He can hold them "Hostage" in a sense by ensuring they toss their woke ideologies if they want to do business with him.
Could you imagine the pronoun people losing their minds if elon musk essentially bails out their faggoty startups?
Don't do it Elon....
Or...
If Mr. Elon does buy it (allowed to buy it).... then he's definitely some sort of "Controlled Opposition" somehow.
Everything is fake and gay until proven otherwise... especially in finance.
He was just talking today on a podcast about how PayPal could've killed all the old banks, but he parted ways with them when they became too risk averse. Would be crazy if he does all that shit with twitter.
Who the fuck would put money in a bank/social media company???? Sorry sir, your loan has been denied based on your post from 2009.
Elon should wait to see what Cramer says first that's a big risk
... and then do the complete opposite, right? Sage advice! 🤣
He should buy FTX and release their files...
He’s buying information
Which can be used to his advantage
Sad. musk wants to make WeChat for the rest of us, cant do anything in ccp land without it. sad.
Me too. If it’s worth negative 1 billion
He isn't considering shit. He's just a reasonable rich person having a conversation
I Hate Banks
Funny how Paypal pal Peter Thiel caused the run.
He have to see bankruptcy and fec intervention and their impact to consider but if he can buy it out cheap after to big to fail goes into effect he might well stand to make a fortune. Market is volotile and the next month will show for him good or bad. Wells Fargo aint even got their shit straight. Not like they ever did tho
Like, someone explain to me, what's the point of buying a failing financial institution? Cheaper than starting a new one?
Do it! Do it! History with PayPal this seems a natural, surprising he hasn’t bought a bank already.
DOGECOIN!
The recent Elon arc is very interesting
Dei; God Our Savior...........Quite a play; from God to DEI woke .
They are having a good laugh.......Stop using they messaging.
Laughing at the unwashed; smearing God and guns is their stated goal.
Dem. ...........short for demon?
I’m in
screw buying. get 51% of the shares. shit on discount.
Global digital currency, mark of the beast brought to you by the cult of Musk
Get rid of all the diversity hires and DEI management and it could work.
I wonder how many politicians will be getting rich off of this collapse