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Re:Judge Refuses to Allow Sale of Infowars to The Onion by mountainriver on Wednesday December 11, 2024 @09:17AM (#42387891)
Yep so that Elon can step in and buy it
Re:Judge Refuses to Allow Sale of Infowars to The Onion by flatline on Wednesday December 11, 2024 @09:28AM (#42388006)
This is the comment I was looking for. He said he was going to intervene and something to the effect of “fix it.” This seems like a logical outcome of that statement.
Re:Judge Refuses to Allow Sale of Infowars to The Onion by dylan604 on Wednesday December 11, 2024 @11:57AM (#42389841)
You know, if Elon buys it at the same levels of inflated values he did for Twitter so that the creditors get paid, I'm kind of okay with that. Just kind of. His fix will not go to Jones. Jones is not going away however this ends. Just the brand. He can create a new brand.
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Re:Judge Refuses to Allow Sale of Infowars to The Onion by dylan604 on Wednesday December 11, 2024 @12:37PM (#42390375)
Jones will create his own new brand once this is settled.

So it is more of a question to the bankruptcy court itself, as I would agree that there's no value in Infowars without Jones. So my opening bid to the court is $1.

Re:Judge Refuses to Allow Sale of Infowars to The Onion by itsoktocry on Wednesday December 11, 2024 @12:33PM (#42390327)
>You know, if Elon buys it at the same levels of inflated values he did for Twitter so that the creditors get paid,

He paid $44B. He probably could have got it for less at the time, but if you think it's not worth that, I'm not sure what to tell you. It's literally where all news gets broken. All of it. And he's using it to influence global politics.

Re:Judge Refuses to Allow Sale of Infowars to The Onion by dylan604 on Wednesday December 11, 2024 @12:40PM (#42390409)
Inflated values was Musk's own words, not mine. To the point, he was forced by a court to honor his original higher price than what he wanted to pay after re-evaluating it. Not sure why you're quibbling over the fact that everyone thinks Musk paid an inflated price.
Re:Judge Refuses to Allow Sale of Infowars to The Onion by itsoktocry on Thursday December 12, 2024 @06:30AM (#42398286)
>Not sure why you're quibbling over the fact that everyone thinks Musk paid an inflated price.

Not everyone thinks this. Are you talking about the financial geniuses in the comments?

>To the point, he was forced by a court to honor his original higher price than what he wanted to pay after re-evaluating it.

What's your point? The original comment was to imply "Haha! Elon overpaid for Twitter!". The company is worth more than $44B. Not sure why you're quibbling about being able to buy at the absolute rock bottom price, even when he got and will continue to get value from the purchase.

Re:Judge Refuses to Allow Sale of Infowars to The Onion by motorest on Wednesday December 11, 2024 @12:43PM (#42390462)
> He paid $44B. He probably could have got it for less at the time, but if you think it's not worth that, I'm not sure what to tell you.

It's indisputable that Twitter was worth $44B at the time of the sale because by definition the price of something is what the buyer and seller agree to perform the transaction.

What's also indisputable is that even Elon Musk was refusing to pay that much for Twitter and tried to back down until he was sued to force him to put his money where his mouth was.

Re:Judge Refuses to Allow Sale of Infowars to The Onion by itsoktocry on Thursday December 12, 2024 @06:35AM (#42398305)
>It's indisputable that Twitter was worth $44B at the time of the sale because by definition the price of something is what the buyer and seller agree to perform the transaction.

I know you think this is some kind of deep philosophical insight, but there's an entire industry built around getting value from an asset beyond the price paid. We don't live in a world of perfect information.