That’s a safe path for China since Musk is already in the Chinese orbit.
intercst
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Sure, all he has to do is sell a bunch of Tesla stock, buy TicTok, then demand that Tesla shareholders give him more stock so he can “have control.”
I believe I’ve seen this movie.
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He can not afford it on his own.
We are talking $300 billion plus.
Got to love how reporters do not know values.
In fact that is Tik Tok’s problem with selling. No one can afford it all at once as a purchase.
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Because a multi-billionaire can never have too many megaphones for his agenda?
Steve
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True he is making much of the $44 billion back from 2025 to 2029.
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Needless to say, Musk has many investors willing to invest in his ideas. Anything might be possible.
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He is only slightly interested in social media for social media’s sake.
He wants X as a major computer company for FSD vehicles. If he wants a TT in a EV he will program his own TT. He wont put together over $300 billion with no control over the company onto himself.
Many investments are possible without him giving up control. Non-voting shares and loans to name a few. No doubt the pros can come up with dozens.
Another TT like platform that he almost entirely owns can be developed for $300 million. He might have that right now in cash.
He might do what you are suggesting. His wheels have been falling off his wagon for a while now.
Buying the existing company provides him with an existing audience for his bullhorn. How many users does “Truth Social” have, vs “X”? (as of November 2024)
It is easier to buy an audience, than earn one.
Steve
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Yes, and I stand in awe of his ability to take a $44 billion acquisition and turn it into a $15 billion property in less than two years. It doesn’t quite rival AOL-Time Warner as a disastrous acquisition, but it’s another one for the history books, that’s for sure.
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It could also be that he overpaid for a $15B property because he is impulsive and has a big mouth?
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Well, he did have buyer’s remorse.
Current Market Cap of Tik-Tok is $84 Billion. And who knows? – in a forced sale it may even go for less.
intercst
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TikTok is a private company. I just threw a number out by looking at Meta.
Google AI
The market capitalization of TikTok varies depending on the source, but estimates range from $20 billion to over $300 billion.
Estimates
- $20 billion–$100 billion
The Wall Street Journal estimated that TikTok’s value was between $20 billion and $100 billion in 2024
- $218 billion
Investing.com estimated that TikTok was valued at around $218 billion
- $238.5 billion
The Motley Fool reported that TikTok’s parent company, ByteDance, valued the company at around $238.5 billion in early 2024
- $300 billion
The Wall Street Journal reported that ByteDance valued itself around $300 billion
TikTok’s value is influenced by several factors, including:
- Brand value
TikTok is one of the most successful Chinese brands in the world
- User base
TikTok has over 3 billion downloads and an estimated 1 billion daily active users
- Revenue
TikTok’s income comes from advertising, including commercials, branded partnerships, and viral marketing campaigns
- Average revenue per user
TikTok’s average revenue per user (ARPU) is estimated to be around $1.3 per quarter in the U.
Here’s a quote from the Chief Hater last week :
“ Our user growth is stagnant, revenue is unimpressive, and we’re barely breaking even.” - Elon Musk
Banks are ready to dump their (terrible) loans they gave to buy Twitter, because … obvious.
As Musk referenced in his email, the report says the banks hope to use the narrative of Musk’s link to Donald Trump, as some unnamed investors may be interested in buying based on a belief that its financials are on the way up.
However, Musk also said that the company could become cash-flow positive “within months” nearly two years ago, and it still faces over $1 billion in annual interest payments on the loans. The platform is increasingly [turning into a testing ground for his AI ambitions], as we reported earlier this month, and while X has added some features, like job listings and a new video tab, there’s [little sign] of the service he’d said would be able to “someone’s entire financial life” by the end of 2024.
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Elon Musk:
Certain technologies - idiot Savant
Everything else - just idiot
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Today we have reports Microsoft is preparing a bid for Tiktok. Also a venture capital firm ( likely to IPO it soon after). And an LA sports team owner.
It will be fun to watch but not much opportunity for individual investors at this stage.
Didn’t he get strike three in the marriage department?
Got to love how angry divorcees are going to save the world by blanking it.
If they all take the next market haircut? What is affordable at the top? Is that affordable at the bottom?