ugh

  • 7 Posts
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Joined 5 months ago
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Cake day: January 21st, 2025

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  • 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.


  • They upped my dosage of Lexapro and everything feels like that one monologue to Fight Club: “When you have insomnia, you’re never really asleep, and you’re never really awake. With insomnia, nothing’s real. Everything is far away. Everything is a copy of a copy of a copy…”










  • Ugh. You’ll get through this.

    Not that you asked but maybe an anecdote can help? My lil bro has like… more DUIs under his belt than I have cats… (I have 2). He lost his partner of over a decade and ended up in jail (a number of times for drinking) and eventually in front of an empathetic but dead serious judge. It’s been a year a half of sobriety for him, finally. And now he’s focused on learning hobby radio stuff and nerding out on linux. It took time, though. Grieving isn’t a linear process. You got this.




  • Lol ugh. My baseline was grumpy and extremely sad 80% of my week. They started me in Lexapro last November… week of election. Terrible idea. I wasn’t sure if I was experiencing pill side effects or dealing with the election results. After two months it was clear it wasn’t helping so we upped my dosage right in time for the fires that burnt my city down. I didn’t think it was going to help at all but by mid January I was starting to experience little moments of joy. Initially, those bursts scared me. I was like what even is this emotion? My doctor was like, its normal as you adjust. It only lasted about two weeks. Now I am emotionally leveled out but back to the baseline of grump, but at least I’m not disabling levels sad. 😅