ugh
Since taking over the group, Musk has loosened the platform’s moderation policies, something that prompted many advertisers to leave. Disclosures from Fidelity Investments in late September implied a valuation for the company that was below $10bn. Musk purchased Twitter for $44bn. The new $44bn valuation represents a rebound for Musk and the group’s investors, including Andreessen Horowitz, Sequoia Capital, 8VC, Goanna Capital and Fidelity Investments. The deal would help set a price for the upcoming primary round
Great. Now I need to find a better handler for my retirement fund… ugh.
Another two people with knowledge of X’s finances said there were signs Musk’s cost-cutting plan for the company was working, and that revenues had been improving. A further person noted, however, that the ebitda figure was “wildly adjusted”.
Well, yea. You chase a major chunk of users off and collapse a company, any shred of viability looks great. The key here is the “wildly adjusted” bit.
Investor interest in the loans improved in the weeks following Trump’s election victory in November, given the billionaire’s proximity to the new administration as a confidant to the president and the head of the so-called Department of Government Efficiency (Doge) intent on cutting government red tape.
So bribery.
A group of seven Wall Street banks including Morgan Stanley, Bank of America, Barclays and MUFG have sold almost all the $12.5bn of loans Musk used to finance his takeover of Twitter in 2022. The lenders had been saddled with the debt while Musk sought to turn around X’s operations as equity investors repriced their stakes in the platform at dramatic discounts.
And they now want a piece of the bribery pie.
It also improved after Musk gave a 25 per cent stake in his artificial intelligence start-up xAI to investors in the social media company early last year. xAI has obtained a valuation of $45bn, and the novel arrangement has provided new security to X’s lenders and boosted the platform’s valuation. One banker close to the fundraising said the upcoming primary round would help X “clean up the last bit of debt”.
Again, bribery.
The banks agreed to give the company time to raise fresh equity or equity-like funding to pay down the remaining junior debt, instead of offloading it when they sold more than $11bn of the loans in January and February, two people said
For better democratic results, eject the C suit
In a further boost for X, groups such as Amazon have boosted marketing spending recently as Musk’s relationship with Trump has deepened. X recently added a number of brands, including Nestlé, Lego, Pinterest and Shell, to a lawsuit alleging the companies had previously illegally boycotted the platform.
This bullshit again.
Sounds less like DOGE pushed back and more like the community pushed back.
me: This sounds less like DOGE did anything and more like the community did
perplexity: You’re correct in your observation. The reversal of the decision to close the nuclear waste site management office appears to be more a result of community and political pressure rather than a direct action by DOGE (Department of Government Efficiency).
According to the article, Senator Martin Heinrich (D-N.M.) and other lawmakers insisted that the Carlsbad DOE office and the Waste Isolation Pilot Plant remain operational[2]. Senator Heinrich stated that he had a conversation with Energy Secretary Chris Wright, who assured him that the office would stay open[2].
This reversal seems to be a response to the pushback from local representatives and concerns about national security and radioactive waste management. The Trump administration appears to have reconsidered its initial decision after facing opposition and realizing the importance of the facility[2].
The DOGE website had initially listed the Carlsbad office for closure, projecting annual savings of $810,599[2]. However, the administration’s quick reversal suggests that the initial decision may have been made without fully considering the implications or consulting with relevant stakeholders.
This incident highlights the importance of local input and the role of elected officials in influencing federal decisions, especially when it comes to critical infrastructure like nuclear waste management facilities.
Citations: [1] https://www.eenews.net/articles/trump-admin-reverses-nuclear-site-closure-after-doge-pushback/ [2] https://thehill.com/policy/energy-environment/5181322-trump-administration-reverses-on-plan-to-close-nuclear-waste-site-management-office-democrat-senator-says/ [3] https://www.yahoo.com/news/trump-administration-reverses-plan-close-225728370.html [4] https://www.ans.org/news/2025-01-29/article-6725/trump-asks-members-of-independent-nuclear-waste-board-to-resign/ [5] https://apnews.com/article/nuclear-doge-firings-trump-federal-916e6819104f04f44c345b7dde4904d5 [6] https://www.cbsnews.com/news/doge-firings-us-nuclear-weapons-workers-reversing/ [7] https://www.ehn.org/trump-administration-reverses-course-on-nuclear-waste-office-lease-2671295489.html [8] https://www.washingtonpost.com/politics/2025/03/07/trump-presidency-news/
Lose.
Here’s additional links on the Russian attack:
https://www.youtube.com/watch?v=5RpPTRcz1no
https://washingtonspectator.org/project-russia-reveals-putins-playbook/
This story is huge and getting no where the amount of attention it should be getting. The rescues would be better funded if it weren’t for Elon and Trump and the operations wouldn’t exist without Elon. What a sad story. I feel for these people. I feel like the right NGO could organize a donation fund to at least get them a plane ticket home.
Waiting for a $600 plane ticket: Authorities in Thailand say they cannot allow foreigners to cross the border from Myanmar unless they can be sent home immediately, leaving many to wait for help from embassies that has been long in coming.
China sent a chartered flight Thursday to the tiny Mae Sot airport to pick up a group of its citizens, but few other governments have matched that. There are roughly 130 Ethiopians waiting in a Thai military base, stuck for want of a $600 plane ticket. Dozens of Indonesians were bused out one morning last week, pushing suitcases and carrying plastic bags with their meager possessions as they headed to Bangkok for a flight home.
The United Nations’ International Organization for Migration, for example, previously funded care for victims of trafficking in scam compounds in one shelter in Cambodia, but was forced to halt that work by the Trump Administration’s funding freeze announced in January, according to a source with direct knowledge of the situation. The halt to funding has also impacted a network of civil society groups that worked to stop human trafficking and rescue survivors in Thailand.
It’s not clear how much of an effect these releases will have on the criminal groups that run the scam centers.
February marked the third time the Thais have cut internet or electricity to towns across the river. Each time, the compounds have managed to work around the cuts. Large compounds have access to diesel-powered generators, as well as access to internet provider Starlink, experts working with law enforcement say.
We have the i4. It’s our first nice car. We had a Prius that died and the trade in was excellent for it and the rebate we got on the new ev was hella. Sooo we got the i4. I was super against it but here I am, two years later. I love it. SIde note. I got to meet the engineer who made the color changing skin for the beemer that was the talk of the world in like 2022 (ish). She’s SO COOL. I fan-girled so hard.
The Russian playbook is very real. They want to rule the world.
https://washingtonspectator.org/project-russia-reveals-putins-playbook/
Lolol