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DougDoug

๐Ÿ‘ค Speaker
1328 total appearances

Appearances Over Time

Podcast Appearances

Lemonade Stand
The Biggest Merger Ever | Ep. 050 Lemonade Stand ๐Ÿ‹

He gets some Saudi help and he gets whatever.

Lemonade Stand
The Biggest Merger Ever | Ep. 050 Lemonade Stand ๐Ÿ‹

So it's a $44 billion purchase.

Lemonade Stand
The Biggest Merger Ever | Ep. 050 Lemonade Stand ๐Ÿ‹

A lot of it's through debt.

Lemonade Stand
The Biggest Merger Ever | Ep. 050 Lemonade Stand ๐Ÿ‹

He finds out quickly that his new changes to Twitter don't make any money.

Lemonade Stand
The Biggest Merger Ever | Ep. 050 Lemonade Stand ๐Ÿ‹

They're actually losing all the advertisers.

Lemonade Stand
The Biggest Merger Ever | Ep. 050 Lemonade Stand ๐Ÿ‹

And the ones that try to sell you the check mark, they don't make any.

Lemonade Stand
The Biggest Merger Ever | Ep. 050 Lemonade Stand ๐Ÿ‹

I read that viewer hours are up from Elon.

Lemonade Stand
The Biggest Merger Ever | Ep. 050 Lemonade Stand ๐Ÿ‹

I've seen Elon make a lot of claims.

Lemonade Stand
The Biggest Merger Ever | Ep. 050 Lemonade Stand ๐Ÿ‹

I know for a fact it did not make a profit.

Lemonade Stand
The Biggest Merger Ever | Ep. 050 Lemonade Stand ๐Ÿ‹

And that's because not only did the revenue go down, but they had to pay the interest on the debt, which is a lot of money every month.

Lemonade Stand
The Biggest Merger Ever | Ep. 050 Lemonade Stand ๐Ÿ‹

So that all added up to being a net negative.

Lemonade Stand
The Biggest Merger Ever | Ep. 050 Lemonade Stand ๐Ÿ‹

And some of the people that helped him invest in that debt, the Saudis, and they were getting kind of mad.

Lemonade Stand
The Biggest Merger Ever | Ep. 050 Lemonade Stand ๐Ÿ‹

But Elon, he bailed them out.

Lemonade Stand
The Biggest Merger Ever | Ep. 050 Lemonade Stand ๐Ÿ‹

He went to his other company, XAI, which he also owns, and bought Twitter.

Lemonade Stand
The Biggest Merger Ever | Ep. 050 Lemonade Stand ๐Ÿ‹

XAI buys Twitter.

Lemonade Stand
The Biggest Merger Ever | Ep. 050 Lemonade Stand ๐Ÿ‹

XAI also loses money, but they're bigger and they're easier to attract funding because AI is a cooler buzzword.

Lemonade Stand
The Biggest Merger Ever | Ep. 050 Lemonade Stand ๐Ÿ‹

And maybe Grok is...

Lemonade Stand
The Biggest Merger Ever | Ep. 050 Lemonade Stand ๐Ÿ‹

gonna do something.

Lemonade Stand
The Biggest Merger Ever | Ep. 050 Lemonade Stand ๐Ÿ‹

I'm not a fucking expert.

Lemonade Stand
The Biggest Merger Ever | Ep. 050 Lemonade Stand ๐Ÿ‹

I don't really, I don't know.