Author Topic: Musk takeover  (Read 82906 times)

LennStar

  • Magnum Stache
  • ******
  • Posts: 4341
  • Location: Germany
Re: Musk takeover
« Reply #850 on: March 24, 2025, 01:38:39 PM »
Aren't Musk and the Tesla board badly exposed to shareholder lawsuits at this point?  His actions, which have almost nothing to do with the company, have led directly and unequivocably to a dramatic drop in share value and sales.  This is fundamentally bad for business and normally the grounds for massive shareholder lawsuits.  Is that happening and I'm just unaware?

He owns the board. They're mostly family or friends and rubber stamp everything he does. In any other publicly-traded company, he would have been gone weeks ago. Instead they're pretending everything is fine while they sell off millions of shares.

Sure he does, and the board is clearly a broken institution.  But there are a lot of other shareholders with a pretty clear case of the CEO not focusing on his job and actively poisoning the brand of the company they own.  It takes a lot less than that to form grounds for a shareholder lawsuit.
Any any lawyer who takes that up will get an Executive Order to die, for interfering with important government business.

mtnrider

  • Pencil Stache
  • ****
  • Posts: 771
  • Location: Frozen tundra in the Northeast
Re: Musk takeover
« Reply #851 on: March 24, 2025, 01:42:21 PM »
DOGE fired the dev who built an AI to augment employee work at GSA, then started rolling it out as if they wrote it and it would replace people.

https://bsky.app/profile/skiles.bsky.social/post/3lkwbunaatk25

This is just dumb if they think they can replace people with AI right now.

This quote in the thread is interesting.

Quote
There is a quasi-religion in Silicon Valley that views AI as godlike. This faith has always been parallel to Evangelical Christianity: salvation (transhumanism), the rapture (the technological singularity), and demons (Roko's Basilisk)

Lately the AI faith has fully fused with Christian Nationalism.

Anyone with ties to Silicon Valley knows that many in AI refer to it in almost godlike and devil-like terms.  I didn't think to pair it with religion, but it make sense.

If I never have to hear about Roko's Basilisk again, I'll be happy.

swashbucklinstache

  • Pencil Stache
  • ****
  • Posts: 810
  • Location: Midwest U.S.
Re: Musk takeover
« Reply #852 on: March 25, 2025, 08:40:17 AM »
DOGE fired the dev who built an AI to augment employee work at GSA, then started rolling it out as if they wrote it and it would replace people.

https://bsky.app/profile/skiles.bsky.social/post/3lkwbunaatk25

This is just dumb if they think they can replace people with AI right now.

This quote in the thread is interesting.

Quote
There is a quasi-religion in Silicon Valley that views AI as godlike. This faith has always been parallel to Evangelical Christianity: salvation (transhumanism), the rapture (the technological singularity), and demons (Roko's Basilisk)

Lately the AI faith has fully fused with Christian Nationalism.

Anyone with ties to Silicon Valley knows that many in AI refer to it in almost godlike and devil-like terms.  I didn't think to pair it with religion, but it make sense.

If I never have to hear about Roko's Basilisk again, I'll be happy.
I think this is intentional strategy. If AI is god-like and infallible, we should always trust it. Then we fire NIH and NSF experts who pick what our science research dollars go to and replace them with AI - this is happening now. Lastly, if the AI tells us to invest in {whatever} and {whatever} happens to be owned by {person of interest} well, who are we non-experts to question god? Golly I wonder if we'll see large investments in SpaceX and tesla-like companies. Maybe even dear old twitter will be championed as scientifically important soon. Pay no attention to the man behind the curtain, who writes the AI and can make it favor whatever he wants (or is paid to want).
« Last Edit: March 25, 2025, 08:44:51 AM by swashbucklinstache »

Travis

  • Magnum Stache
  • ******
  • Posts: 4949
  • Location: California
Re: Musk takeover
« Reply #853 on: March 25, 2025, 10:22:16 AM »
Acting head of SSA (same guy who threw a tantrum that he'd rather shut down the whole agency than comply with the judge), tried to kneecap the entire state of Maine on Social Security enrollments because he didn't like what the governor said about Trump.

https://bsky.app/profile/nycsouthpaw.bsky.social/post/3ll7gioiok22q

https://www.nytimes.com/2025/03/24/us/politics/frank-bisignano-social-security-upheaval.html?searchResultPosition=1

Posthumane

  • Bristles
  • ***
  • Posts: 472
  • Location: Bring Cash, Canuckistan
    • Getting Around Canada
Re: Musk takeover
« Reply #854 on: March 25, 2025, 01:54:13 PM »
Doge is cutting NOAA staff and personnel who control space traffic, paving the way to privatize various space functions currently undertaken by those organizations. I wonder which major private space company is set to profit from this initiative?
https://www.theguardian.com/technology/2025/mar/25/doge-musk-spacex-starlink-contracts

In other news, GSA is adopting Starlink for internet access at the request of doge staff...
https://www.nbcnews.com/tech/elon-musk/elon-musk-starlink-growing-footprint-federal-government-rcna195400

Travis

  • Magnum Stache
  • ******
  • Posts: 4949
  • Location: California
Re: Musk takeover
« Reply #855 on: March 25, 2025, 01:57:00 PM »
Doge is cutting NOAA staff and personnel who control space traffic, paving the way to privatize various space functions currently undertaken by those organizations. I wonder which major private space company is set to profit from this initiative?
https://www.theguardian.com/technology/2025/mar/25/doge-musk-spacex-starlink-contracts

In other news, GSA is adopting Starlink for internet access at the request of doge staff...
https://www.nbcnews.com/tech/elon-musk/elon-musk-starlink-growing-footprint-federal-government-rcna195400

Elon going to keep installing Starlink in the federal government until he makes up his Tesla losses.

mtnrider

  • Pencil Stache
  • ****
  • Posts: 771
  • Location: Frozen tundra in the Northeast
Re: Musk takeover
« Reply #856 on: March 26, 2025, 08:55:21 AM »
Musk fired (but then was forced to rehire, without returning to work) scientists working for the US "doomsday" seed vault.  This holds varieties of seeds different from those we grow now.

https://infosec.exchange/@Blueteamsherpa/114220475814351853

https://archive.ph/X14Tw


Travis

  • Magnum Stache
  • ******
  • Posts: 4949
  • Location: California
Re: Musk takeover
« Reply #857 on: March 26, 2025, 11:32:38 AM »
Elon's "five bullets" requirement seemed to die a quiet death as the email they mandated everyone send to is full.

https://x.com/samstein/status/1904912498794414237?s=46

mtnrider

  • Pencil Stache
  • ****
  • Posts: 771
  • Location: Frozen tundra in the Northeast
Re: Musk takeover
« Reply #858 on: March 26, 2025, 11:45:39 AM »
Elon's "five bullets" requirement seemed to die a quiet death as the email they mandated everyone send to is full.

https://x.com/samstein/status/1904912498794414237?s=46

Grok couldn't digest it all quickly enough. :) 

Seriously though, this was probably just a way to make federal workers feel micromanaged so they would voluntarily quit.  And it has already done it's job.  Or the people running it were inept.  Maybe both.


Metalcat

  • Senior Mustachian
  • ********
  • Posts: 20654
Re: Musk takeover
« Reply #859 on: March 26, 2025, 11:50:11 AM »
Elon's "five bullets" requirement seemed to die a quiet death as the email they mandated everyone send to is full.

https://x.com/samstein/status/1904912498794414237?s=46

Grok couldn't digest it all quickly enough. :) 

Seriously though, this was probably just a way to make federal workers feel micromanaged so they would voluntarily quit.  And it has already done it's job.  Or the people running it were inept.  Maybe both.

I think that assigns way too much strategy and forethought into the exercise.

Travis

  • Magnum Stache
  • ******
  • Posts: 4949
  • Location: California
Re: Musk takeover
« Reply #860 on: March 26, 2025, 12:03:27 PM »
Elon's "five bullets" requirement seemed to die a quiet death as the email they mandated everyone send to is full.

https://x.com/samstein/status/1904912498794414237?s=46

Grok couldn't digest it all quickly enough. :) 

Seriously though, this was probably just a way to make federal workers feel micromanaged so they would voluntarily quit.  And it has already done it's job.  Or the people running it were inept.  Maybe both.

Musk only knows how to manage one way. Remember that his first week at Twitter he demanded that every employee print out and show him the code they wrote that week. 1) he didn't understand any of it since he's not a software developer, and 2) you're talking about reams of paper. It took him a few days to realize it wasn't feasible. He's simply doing it again because he's convinced himself he understands everything.

Dancin'Dog

  • Handlebar Stache
  • *****
  • Posts: 1924
  • Location: Here & There
Re: Musk takeover
« Reply #861 on: March 26, 2025, 12:11:12 PM »
How did he miss out on the Signal group chat?




Travis

  • Magnum Stache
  • ******
  • Posts: 4949
  • Location: California
Re: Musk takeover
« Reply #862 on: March 26, 2025, 12:21:19 PM »
How did he miss out on the Signal group chat?

Apparently he's not part of all of the cool kids clubs. But Waltz apparently put him in charge of investigating how Goldberg got into the chat (he's very insistent that he didn't invite him). It's like they think Musk is the only person in the government who knows how to use a computer.

Travis

  • Magnum Stache
  • ******
  • Posts: 4949
  • Location: California
Re: Musk takeover
« Reply #863 on: March 26, 2025, 12:21:55 PM »
Apparently SpaceX has been getting Chinese investment under the table.

https://www.propublica.org/article/elon-musk-spacex-allows-china-investment-cayman-islands-secrecy

GuitarStv

  • Senior Mustachian
  • ********
  • Posts: 25651
  • Age: 44
  • Location: Toronto, Ontario, Canada
Re: Musk takeover
« Reply #864 on: March 26, 2025, 12:27:14 PM »
It's like they think Musk is the only person in the government who knows how to use a computer.

Do we have any evidence that this is a bad assumption to make?

mtnrider

  • Pencil Stache
  • ****
  • Posts: 771
  • Location: Frozen tundra in the Northeast
Re: Musk takeover
« Reply #865 on: March 26, 2025, 12:32:35 PM »
It's like they think Musk is the only person in the government who knows how to use a computer.

Do we have any evidence that this is a bad assumption to make?

I'd be willing to go out on a limb and say that the FBI and NSA probably have some specialists they could lean on.  :)

How is it that Musk, of all people, is their go to as a computer genius, even on security?

GuitarStv

  • Senior Mustachian
  • ********
  • Posts: 25651
  • Age: 44
  • Location: Toronto, Ontario, Canada
Re: Musk takeover
« Reply #866 on: March 26, 2025, 12:37:22 PM »
It's like they think Musk is the only person in the government who knows how to use a computer.

Do we have any evidence that this is a bad assumption to make?

I'd be willing to go out on a limb and say that the FBI and NSA probably have some specialists they could lean on.

Will you be able to say this with certainty post DOGE cuts though?

LennStar

  • Magnum Stache
  • ******
  • Posts: 4341
  • Location: Germany
Re: Musk takeover
« Reply #867 on: March 26, 2025, 12:38:34 PM »
It's like they think Musk is the only person in the government who knows how to use a computer.

Do we have any evidence that this is a bad assumption to make?

I'd be willing to go out on a limb and say that the FBI and NSA probably have some specialists they could lean on.  :)

How is it that Musk, of all people, is their go to as a computer genius, even on security?
Because he is the only one they trust not to be a liberal.

reeshau

  • Magnum Stache
  • ******
  • Posts: 3945
  • Location: Houston, TX Former locations: Detroit, Indianapolis, Dublin
  • FIRE'd Jan 2020
Re: Musk takeover
« Reply #868 on: March 26, 2025, 03:44:21 PM »
How is it that Musk, of all people, is their go to as a computer genius, even on security?

He placed a banner ad in the cabinet meeting.

Travis

  • Magnum Stache
  • ******
  • Posts: 4949
  • Location: California
Re: Musk takeover
« Reply #869 on: March 28, 2025, 10:01:24 AM »
DOGE looking to replace SSA's COBOL with "something like Java" in the space of a few months.

This kind of thing should take a couple years of nonstop work if you're doing it right.

https://archive.li/UkSsG

https://www.wired.com/story/doge-rebuild-social-security-administration-cobol-benefits/

neo von retorch

  • Walrus Stache
  • *******
  • Posts: 5542
  • Location: SE PA
    • Fi@retorch - personal finance tracking
Re: Musk takeover
« Reply #870 on: March 28, 2025, 10:05:04 AM »
DOGE looking to replace SSA's COBOL with "something like Java" in the space of a few months.

This kind of thing should take a couple years of nonstop work if you're doing it right.

Whoa, whoa, whoa, AI can totally re-write a million lines of COBOL in Java in seconds and it'll have no errors. I'm totally pretty sure!

BC_Goldman

  • Bristles
  • ***
  • Posts: 288
Re: Musk takeover
« Reply #871 on: March 28, 2025, 10:26:22 AM »
Gotta be A OT of millions in there. At my company, I work with two COBOL programs on a regular basis that are over 250k lines between them. We have thousands of programs and hundreds of copy code files.

neo von retorch

  • Walrus Stache
  • *******
  • Posts: 5542
  • Location: SE PA
    • Fi@retorch - personal finance tracking
Re: Musk takeover
« Reply #872 on: March 28, 2025, 10:42:35 AM »
Gotta be A LOT of millions in there. At my company, I work with two COBOL programs on a regular basis that are over 250k lines between them. We have thousands of programs and hundreds of copy code files.

OK so 3 seconds per 1 million lines of COBOL re-written in perfect, unit-tested, correct Java code.

Assume 4 billion lines, times 3 seconds is 3 hours, 20 minutes. Should be committed and deployed to production this afternoon before everyone leaves for the weekend.

bacchi

  • Walrus Stache
  • *******
  • Posts: 7807
Re: Musk takeover
« Reply #873 on: March 28, 2025, 11:18:14 AM »
Gotta be A LOT of millions in there. At my company, I work with two COBOL programs on a regular basis that are over 250k lines between them. We have thousands of programs and hundreds of copy code files.

OK so 3 seconds per 1 million lines of COBOL re-written in perfect, unit-tested, correct Java code.

Assume 4 billion lines, times 3 seconds is 3 hours, 20 minutes. Should be committed and deployed to production this afternoon before everyone leaves for the weekend.

Ship it!

GuitarStv

  • Senior Mustachian
  • ********
  • Posts: 25651
  • Age: 44
  • Location: Toronto, Ontario, Canada
Re: Musk takeover
« Reply #874 on: March 28, 2025, 11:26:43 AM »
Gotta be A LOT of millions in there. At my company, I work with two COBOL programs on a regular basis that are over 250k lines between them. We have thousands of programs and hundreds of copy code files.

OK so 3 seconds per 1 million lines of COBOL re-written in perfect, unit-tested, correct Java code.

Assume 4 billion lines, times 3 seconds is 3 hours, 20 minutes. Should be committed and deployed to production this afternoon before everyone leaves for the weekend.

Ship it!


My favourite 'Was it tested?' responses

Works on my machine!
It compiles!
The design is sound!
Code checker says all the variables are named as per style guide!

Travis

  • Magnum Stache
  • ******
  • Posts: 4949
  • Location: California
Re: Musk takeover
« Reply #875 on: March 28, 2025, 11:27:19 AM »
Last night, Elon tweeted that he was going to pay voters in Wisconsin in order to affect the Supreme Court election coming up, and then award a couple of them $1 million checks in a public event. I guess he woke up and decided that election bribery might be a step too far.

https://x.com/teddyschleifer/status/1905656916975428093

mtnrider

  • Pencil Stache
  • ****
  • Posts: 771
  • Location: Frozen tundra in the Northeast
Re: Musk takeover
« Reply #876 on: March 28, 2025, 12:47:40 PM »
Gotta be A LOT of millions in there. At my company, I work with two COBOL programs on a regular basis that are over 250k lines between them. We have thousands of programs and hundreds of copy code files.

OK so 3 seconds per 1 million lines of COBOL re-written in perfect, unit-tested, correct Java code.

Assume 4 billion lines, times 3 seconds is 3 hours, 20 minutes. Should be committed and deployed to production this afternoon before everyone leaves for the weekend.

Ship it!


My favourite 'Was it tested?' responses

Works on my machine!
It compiles!
The design is sound!
Code checker says all the variables are named as per style guide!

1) James Gosling (creator of Java) is Canadian.
2) Someone must have done a proof of concept and unknowingly hit the Pareto principle.  Except even then they are probably undercounting the number of edge cases.  Musk has a history of overpromising and underdelivering.
3) As someone who has participated in several rewriting attempts of large projects, to be successful you really need to move slowly and use the strangler fig pattern.
4) There needs to be preexisting test cases (not just unit, but the full spectrum, especially end-to-end, scaling, etc...) or you risk mistakes where people don't get their check.  It could takes months just to identify those cases.

I'm curious about their actual design plans, assuming those aren't AI generated stuff too.  If this works in a few months, maybe I really will start worrying about Roko's basilisk.

I wonder what's really going on?  An attempt at a distraction from Signalgate?

mtnrider

  • Pencil Stache
  • ****
  • Posts: 771
  • Location: Frozen tundra in the Northeast
Re: Musk takeover
« Reply #877 on: March 28, 2025, 12:53:00 PM »
Last night, Elon tweeted that he was going to pay voters in Wisconsin in order to affect the Supreme Court election coming up, and then award a couple of them $1 million checks in a public event. I guess he woke up and decided that election bribery might be a step too far.

https://x.com/teddyschleifer/status/1905656916975428093

Wouldn't this be legal?  As I recall, the supreme court considers payment after the fact to be a gratuity, not a bribe.

Also, just the rumors of this may well gin up support for his talk.

neo von retorch

  • Walrus Stache
  • *******
  • Posts: 5542
  • Location: SE PA
    • Fi@retorch - personal finance tracking
Re: Musk takeover
« Reply #878 on: March 28, 2025, 12:53:46 PM »
I wonder what's really going on?  An attempt at a distraction from Signalgate?

There's... so... much. Everything is a distraction. SignalGate feels a bit like a distraction. What were we supposed to be paying attention to 3 days ago? I forget.

The fact that a bunch of billionaires got voted in "for the people" by the people on messages of "yeah, we'll fix your personal problems *wink, wink, nudge, nudge*" seems like a pretty clear indication that "most" people are tuned out of what's "really happening".

(From my point of view, assuming I'm getting some realistic, not-too-filtered view of "what's really happening" from my mix of MMM, APNews, Newsweek, NPR, ReadTangle, Discord, Facebook, Hachyderm.io, etc...)

Fru-Gal

  • Handlebar Stache
  • *****
  • Posts: 2331
Re: Musk takeover
« Reply #879 on: March 28, 2025, 01:08:56 PM »
I wonder what's really going on?  An attempt at a distraction from Signalgate?

There's... so... much. Everything is a distraction. SignalGate feels a bit like a distraction. What were we supposed to be paying attention to 3 days ago? I forget.

The fact that a bunch of billionaires got voted in "for the people" by the people on messages of "yeah, we'll fix your personal problems *wink, wink, nudge, nudge*" seems like a pretty clear indication that "most" people are tuned out of what's "really happening".

(From my point of view, assuming I'm getting some realistic, not-too-filtered view of "what's really happening" from my mix of MMM, APNews, Newsweek, NPR, ReadTangle, Discord, Facebook, Hachyderm.io, etc...)

They can attempt distraction but we’ve already identified so many of their weak points.

Tesla & Musk are the most glaring — and it’s all self-inflicted. Musk will never live down the image of his Nazi salute being posted and printed out worldwide.

In just two months, the world no longer doubts that Trump & co. have placed Russian interests over American ones.

The confederacy of dunces running ops on Signal is also ripe for the picking. We will get these guys.

We have to focus and continue the heat with economic boycotts & protests (Tesla primarily), constant pressure on representatives to do their jobs (phone calls, emails, town halls), and attention to our local politics. Strength and efficiency at the local level will enable us to tackle state and federal issues, not the other way around.
« Last Edit: March 28, 2025, 01:12:07 PM by Fru-Gal »

BC_Goldman

  • Bristles
  • ***
  • Posts: 288
Re: Musk takeover
« Reply #880 on: March 28, 2025, 01:10:02 PM »
Last night, Elon tweeted that he was going to pay voters in Wisconsin in order to affect the Supreme Court election coming up, and then award a couple of them $1 million checks in a public event. I guess he woke up and decided that election bribery might be a step too far.

https://x.com/teddyschleifer/status/1905656916975428093

Wouldn't this be legal?  As I recall, the supreme court considers payment after the fact to be a gratuity, not a bribe.

Also, just the rumors of this may well gin up support for his talk.

I'd sign the petition against activist judges (right-wing ones). It would be sweet if a couple of the people who "win" actually voted against the Musk/Trump bagman.

Travis

  • Magnum Stache
  • ******
  • Posts: 4949
  • Location: California
Re: Musk takeover
« Reply #881 on: March 28, 2025, 04:07:32 PM »
Tangential to Musk trying to take over our government, he just had xAI (a company he owns) buy X (also a company he owns) at a price he no doubt set himself. So we're going to get xAI content shoved at us on Twitter, xAI gets all of the Twitter data to chew on, Elon no longer has to worry about advertisers paying down his Twitter debt, and the Tesla shares he leveraged to buy Twitter are less of a threat. Not even a month ago he announced that he found an additional $1billion in other investors for Twitter. This coming right after I have to wonder how they're related.

Whatever Elon says xAI is worth, it has raised $12 billion in outside funding over its lifetime. With this merger with X it's now taken responsibility for $12 of Twitter debt.

https://fixupx.com/elonmusk/status/1905731750275510312

https://tracxn.com/d/companies/xai/__saKrxbHN3TRWW-I4lYH6zkx6N5P_kMTqlLcKTzWs2ug/funding-and-investors
« Last Edit: March 28, 2025, 04:11:12 PM by Travis »

mtnrider

  • Pencil Stache
  • ****
  • Posts: 771
  • Location: Frozen tundra in the Northeast
Re: Musk takeover
« Reply #882 on: March 28, 2025, 04:17:29 PM »
Tangential to Musk trying to take over our government, he just had xAI (a company he owns) buy X (also a company he owns) at a price he no doubt set himself. So we're going to get xAI content shoved at us on Twitter, xAI gets all of the Twitter data to chew on, Elon no longer has to worry about advertisers paying down his Twitter debt, and the Tesla shares he leveraged to buy Twitter are less of a threat. Not even a month ago he announced that he found an additional $1billion in other investors for Twitter. This coming right after I have to wonder how they're related.
...

So if you needed another reason not to visit Twitter, you may now be reading Grok, not human, generated content.

travel2020

  • Stubble
  • **
  • Posts: 202
  • Location: PNW
Re: Musk takeover
« Reply #883 on: March 28, 2025, 09:01:53 PM »
Last night, Elon tweeted that he was going to pay voters in Wisconsin in order to affect the Supreme Court election coming up, and then award a couple of them $1 million checks in a public event. I guess he woke up and decided that election bribery might be a step too far.

https://x.com/teddyschleifer/status/1905656916975428093

Wouldn't this be legal?  As I recall, the supreme court considers payment after the fact to be a gratuity, not a bribe.

Also, just the rumors of this may well gin up support for his talk.


Lawsuit has been filed:
https://www.huffpost.com/entry/musk-wisconsin_n_67e6f7f6e4b0b1cf1ccbef91

Fru-Gal

  • Handlebar Stache
  • *****
  • Posts: 2331
Re: Musk takeover
« Reply #884 on: March 29, 2025, 10:34:12 AM »
The protests are working. Chainsaw Musk is nearly crying on TV about how his companies are being treated terribly and that’s evil. He’s moving money around to cover his ass.

Curious, if anybody knows if this comment about the timing of his XAI purchasing his X is true:

“No, he’s self-dealing. Which is securities fraud. But he did this the same day DOGE took possession of the SEC. He’s basically “selling” it to himself at an inflated valuation and paying for it with Xai shares. Now he will likely turn around take it public at an artificially inflated valuation.”

Travis

  • Magnum Stache
  • ******
  • Posts: 4949
  • Location: California
Re: Musk takeover
« Reply #885 on: March 29, 2025, 11:14:42 AM »
The protests are working. Chainsaw Musk is nearly crying on TV about how his companies are being treated terribly and that’s evil. He’s moving money around to cover his ass.

Curious, if anybody knows if this comment about the timing of his XAI purchasing his X is true:

“No, he’s self-dealing. Which is securities fraud. But he did this the same day DOGE took possession of the SEC. He’s basically “selling” it to himself at an inflated valuation and paying for it with Xai shares. Now he will likely turn around take it public at an artificially inflated valuation.”

It's probably true. If an xAI or X shareholder were to ask for a third-party valuation of either company they'd probably come up empty handed.

sonofsven

  • Magnum Stache
  • ******
  • Posts: 2644
Re: Musk takeover
« Reply #886 on: March 29, 2025, 12:03:47 PM »
The protests are working. Chainsaw Musk is nearly crying on TV about how his companies are being treated terribly and that’s evil. He’s moving money around to cover his ass.

Curious, if anybody knows if this comment about the timing of his XAI purchasing his X is true:

“No, he’s self-dealing. Which is securities fraud. But he did this the same day DOGE took possession of the SEC. He’s basically “selling” it to himself at an inflated valuation and paying for it with Xai shares. Now he will likely turn around take it public at an artificially inflated valuation.”

It's probably true. If an xAI or X shareholder were to ask for a third-party valuation of either company they'd probably come up empty handed.
Two people are likely going to prison after recently losing in court vs JP Morgan for doing similar dirty deeds (inflated valuation,).
Which really begs the question: do they have enough cash stashed offshore to bribe DJT for a full pardon?

Posthumane

  • Bristles
  • ***
  • Posts: 472
  • Location: Bring Cash, Canuckistan
    • Getting Around Canada
Re: Musk takeover
« Reply #887 on: March 29, 2025, 02:43:17 PM »
This is a few weeks old, but just popped up again for me in another context:
https://www.bloomberg.com/news/features/2025-03-05/after-elon-musk-lands-at-faa-his-starlink-business-stands-to-gain-business
https://economictimes.indiatimes.com/news/international/us/elon-musks-doge-member-issues-chilling-threat-to-faa-staff-on-day-one-obstruct-me-and-youll-risk-losing-your-job/articleshow/118762235.cms?from=mdr
https://www.rollingstone.com/politics/politics-features/elon-musk-starlink-faa-officials-find-funding-1235285246/

The FAA had awarded verizon a hefty contract to modernize their digital infrastructure. A SpaceX employee who is a "volunteer DOGE worker" ordered the FAA to start work on installing Starlink terminals instead. The verizon contract may be cancelled. Of course, this is all in the interest of aviation safety and totally not a conflict of interest.

mtnrider

  • Pencil Stache
  • ****
  • Posts: 771
  • Location: Frozen tundra in the Northeast
Re: Musk takeover
« Reply #888 on: March 29, 2025, 03:28:03 PM »
The protests are working. Chainsaw Musk is nearly crying on TV about how his companies are being treated terribly and that’s evil. He’s moving money around to cover his ass.

Curious, if anybody knows if this comment about the timing of his XAI purchasing his X is true:

“No, he’s self-dealing. Which is securities fraud. But he did this the same day DOGE took possession of the SEC. He’s basically “selling” it to himself at an inflated valuation and paying for it with Xai shares. Now he will likely turn around take it public at an artificially inflated valuation.”

It looks that way.

To take a company public, a third party firm needs to audit the financials, right?  Would any big player risk becoming the next Authur Andersen (of Enron infamy)?

I'm wondering if this is signaling the start of the next AI winter.

reeshau

  • Magnum Stache
  • ******
  • Posts: 3945
  • Location: Houston, TX Former locations: Detroit, Indianapolis, Dublin
  • FIRE'd Jan 2020
Re: Musk takeover
« Reply #889 on: March 29, 2025, 04:16:03 PM »
The protests are working. Chainsaw Musk is nearly crying on TV about how his companies are being treated terribly and that’s evil. He’s moving money around to cover his ass.

Curious, if anybody knows if this comment about the timing of his XAI purchasing his X is true:

“No, he’s self-dealing. Which is securities fraud. But he did this the same day DOGE took possession of the SEC. He’s basically “selling” it to himself at an inflated valuation and paying for it with Xai shares. Now he will likely turn around take it public at an artificially inflated valuation.”

It looks that way.

To take a company public, a third party firm needs to audit the financials, right?  Would any big player risk becoming the next Authur Andersen (of Enron infamy)?

I'm wondering if this is signaling the start of the next AI winter.

There are thousands of companies who crashed after IPO, with no implications on the auditor.  Although, any auditor who wrote negative commentary on one of Elon's companies would probably have to weather his ire on X.

Poundwise

  • Handlebar Stache
  • *****
  • Posts: 2330
Re: Musk takeover
« Reply #890 on: March 29, 2025, 08:27:17 PM »
The protests are working. Chainsaw Musk is nearly crying on TV about how his companies are being treated terribly and that’s evil. He’s moving money around to cover his ass.

Curious, if anybody knows if this comment about the timing of his XAI purchasing his X is true:

“No, he’s self-dealing. Which is securities fraud. But he did this the same day DOGE took possession of the SEC. He’s basically “selling” it to himself at an inflated valuation and paying for it with Xai shares. Now he will likely turn around take it public at an artificially inflated valuation.”

There have been weekly protests at the local Tesla dealership.  Today there was a counter protest by pro-DOGE Trumpers. The funny thing was that the anti-Tesla protesters had a lot of American flags anyway, so the presence of the counter protesters only made the crowd look bigger, and as a group they scared away potential buyers.

Travis

  • Magnum Stache
  • ******
  • Posts: 4949
  • Location: California
Re: Musk takeover
« Reply #891 on: March 30, 2025, 09:37:25 PM »
Musk is in Wisconsin right now stumping for the Supreme Court election. Apparently civilization is at stake if the Wisconsin court gets a liberal judge. He's also accusing every heckler of being a Soros-funded informant. Rich coming from the guy who in his own words is dropping a ton of cash on this election.

https://bsky.app/profile/acyn.bsky.social/post/3llnaqbv72d2e

https://bsky.app/profile/acyn.bsky.social/post/3lln5rkhymx2b

https://fixupx.com/acyn/status/1906517229040222621

https://fixupx.com/acyn/status/1906514814513688639

https://apnews.com/article/wisconsin-supreme-court-musk-million-dollar-giveaway-cdea66e0dcbaa53dd183e1d10bee2b35

mtnrider

  • Pencil Stache
  • ****
  • Posts: 771
  • Location: Frozen tundra in the Northeast
Re: Musk takeover
« Reply #892 on: March 31, 2025, 11:09:09 AM »
Musk is in Wisconsin right now stumping for the Supreme Court election. Apparently civilization is at stake if the Wisconsin court gets a liberal judge. He's also accusing every heckler of being a Soros-funded informant. Rich coming from the guy who in his own words is dropping a ton of cash on this election.

https://bsky.app/profile/acyn.bsky.social/post/3llnaqbv72d2e

https://bsky.app/profile/acyn.bsky.social/post/3lln5rkhymx2b

https://fixupx.com/acyn/status/1906517229040222621

https://fixupx.com/acyn/status/1906514814513688639

https://apnews.com/article/wisconsin-supreme-court-musk-million-dollar-giveaway-cdea66e0dcbaa53dd183e1d10bee2b35

I can't believe he gave the $2 million checks despite the feedback.  And "Musk said he would also pay supporters $20 for every voter they recruit over the next two days." [1]  This guy is all in.  Any ideas why the WI supreme court didn't take the case?

[1] https://www.reuters.com/world/us/musk-gives-away-two-1-million-checks-wisconsin-voters-high-profile-judicial-race-2025-03-31/

BNgarden

  • Pencil Stache
  • ****
  • Posts: 629
  • Location: Alberta
Re: Musk takeover
« Reply #893 on: March 31, 2025, 12:26:38 PM »
Any ideas why the WI supreme court didn't take the case?

Bluesky poster said the remedy is to bring a case against him through the regular court system.   The decisions from court come after a case is brought, not before. 

zolotiyeruki

  • Walrus Stache
  • *******
  • Posts: 5830
  • Location: State: Denial
Re: Musk takeover
« Reply #894 on: March 31, 2025, 01:40:31 PM »
https://x.com/WallStreetApes/status/1906526419079082173

I'm hearing rumblings that DOGE is finding evidence of large-scale...hijinks... in SS, centered around illegal immigration.  Here's how the story goes:
--A person arrives at the border.  Or, rather, millions of people arrive at the border, enticed by lax immigration enforcement
--CBP, at the direction of the Biden administration, gives them a fine and a Notice To Appear
    --By the way, the wait time for such hearings is around six years
--While waiting for their court date, the illegal immigrant can apply for a work permit
--The work permit comes with a Social Security Number
--The number of people involved here rose from ~270k in 2021 to a whopping 2.1 million in 2024.
--Approximately 1.3 million of these immigrants apply to, and are granted, Medicaid(!)
--The SS system is set up to apply maximum inclusion, maximum benefit, and minimum collection

...and then a bunch (we don't know the actual number) of those immigrants actually registered to vote, and voted.

Such a story, if true, plays directly into the hands of republicans.  It reinforces any number of preconceived notions, and the narrative becomes:
--Democrats not only choose to not enforce immigration law, not just actively thwart efforts to enforce it, but incentivize it with malicious intent
--Millions of people enter the country illegally
--Not only are illegal immigrants not prosecuted or deported, but they are given free-for-them (but citizen-taxpayer-funded) healthcare, education, etc, along with voter registration
--These grateful immigrants become a permanent part of the democrat voting base, even though they can't legally vote.  And Democrats sure ain't gonna go looking for voter fraud.
--Democrats thus establish permanent power by importing their voters and turning a blind eye to the fraud that gets them elected.

True?  On the one hand, I really hope not, because it would mean that there's very serious, systemic rot going on.  On the other hand, there's a bit of hope that it *is* true, because Medicaid is a HUGE portion of federal and state spending--about $850 Billion total.  Also, exposing large-scale abuse goes a long way toward stripping it (and SS) of their inviolable status.

Overblown?  Maybe.  Is the NTA -> work permit -> SS -> Medicare/voting pipeline legal? How much money are we actually talking about?

PeteD01

  • Handlebar Stache
  • *****
  • Posts: 1828
Re: Musk takeover
« Reply #895 on: March 31, 2025, 01:59:24 PM »
https://x.com/WallStreetApes/status/1906526419079082173

I'm hearing rumblings that DOGE is finding evidence of large-scale...hijinks... in SS, centered around illegal immigration. 

...

You seem to describe the asylum process and not illegal immigration - different things and actually quite easily distinguishable if one makes the effort.

blue_green_sparks

  • Pencil Stache
  • ****
  • Posts: 681
  • FIRE'd 2018
Re: Musk takeover
« Reply #896 on: March 31, 2025, 02:11:08 PM »
https://x.com/WallStreetApes/status/1906526419079082173

I'm hearing rumblings that DOGE is finding evidence of large-scale...hijinks... in SS, centered around illegal immigration. 

...

You seem to describe the asylum process and not illegal immigration - different things and actually quite easily distinguishable if one makes the effort.

This kind of muddled stuff from places like the ultra-reliable source of "Wall Street Apes" is exactly the MAGA strategy to scream that Social Security and Medicare are broken, so let's burn it all down and privatize it. The top 10% need that last 1/3 of the wealth, after all. Just keep saying it and it is true. Box of hammers, yes, we are just that smart.
Who rejected the last immigration/border reform bill? Uhhhhh.

PeteD01

  • Handlebar Stache
  • *****
  • Posts: 1828
Re: Musk takeover
« Reply #897 on: March 31, 2025, 02:14:36 PM »
https://x.com/WallStreetApes/status/1906526419079082173

I'm hearing rumblings that DOGE is finding evidence of large-scale...hijinks... in SS, centered around illegal immigration. 

...

You seem to describe the asylum process and not illegal immigration - different things and actually quite easily distinguishable if one makes the effort.

This kind of muddled stuff from places like the ultra-reliable source of "Wall Street Apes" is exactly the MAGA strategy to scream that Social Security and Medicare are broken, so let's burn it all down and privatize it. The top 10% need that last 1/3 of the wealth, after all. Just keep saying it and it is true. Box of hammers, yes, we are just that smart.
Who rejected the last immigration/border reform bill? Uhhhhh.

Terminally stupid that stuff.

Also, it takes about 30 seconds to find out that the Biden administration actually eliminated the option of applying for asylum after unauthorized entry between ports of entry and reduced the number of applications accepted at ports of entry.

Funny thing id that all this made headlines at the time as many considered the policies as too harsh.


Biden Administration Doubles Down on Harmful Asylum Rules
New Regulations Poised to Increase Rights Violations at the US-Mexico Border
October 1, 2024
Bill Frelick
Director, Refugee and Migrant Rights Division

An asylum regulation announced by the administration of United States President Joe Biden yesterday is flat-out contrary to both US and international law and is likely to bring immeasurable harm to people seeking asylum at the US-Mexico border.

The regulation, effective immediately, extends from 7 to 28 the number of days in which the average amount of daily immigration enforcement encounters at the US border must fall below 1,500 in order to lift a suspension of asylum processing at the border, which President Biden had first announced on June 5. The Biden administration said it issued the extension to ensure “that the drop in encounters is a sustained decrease and not the result of a short-term change.”

These measures follow a May 2023 regulation that also violated rights by generally blocking people from applying for asylum in the United States if they crossed between US ports of entry or did not seek asylum in a country of transit. These measures went into effect despite US law explicitly stating that the right to seek asylum applies to any person “physically present in the United States … whether or not at a designated port of arrival … irrespective of such alien’s status.”


https://www.hrw.org/news/2024/10/01/biden-administration-doubles-down-harmful-asylum-rules
« Last Edit: March 31, 2025, 02:22:30 PM by PeteD01 »

Fru-Gal

  • Handlebar Stache
  • *****
  • Posts: 2331
Re: Musk takeover
« Reply #898 on: March 31, 2025, 02:24:43 PM »
https://x.com/WallStreetApes/status/1906526419079082173

I'm hearing rumblings that DOGE is finding evidence of large-scale...hijinks... in SS, centered around illegal immigration.  Here's how the story goes:
--A person arrives at the border.  Or, rather, millions of people arrive at the border, enticed by lax immigration enforcement
--CBP, at the direction of the Biden administration, gives them a fine and a Notice To Appear
    --By the way, the wait time for such hearings is around six years
--While waiting for their court date, the illegal immigrant can apply for a work permit
--The work permit comes with a Social Security Number
--The number of people involved here rose from ~270k in 2021 to a whopping 2.1 million in 2024.
--Approximately 1.3 million of these immigrants apply to, and are granted, Medicaid(!)
--The SS system is set up to apply maximum inclusion, maximum benefit, and minimum collection

...and then a bunch (we don't know the actual number) of those immigrants actually registered to vote, and voted.

Such a story, if true, plays directly into the hands of republicans.  It reinforces any number of preconceived notions, and the narrative becomes:
--Democrats not only choose to not enforce immigration law, not just actively thwart efforts to enforce it, but incentivize it with malicious intent
--Millions of people enter the country illegally
--Not only are illegal immigrants not prosecuted or deported, but they are given free-for-them (but citizen-taxpayer-funded) healthcare, education, etc, along with voter registration
--These grateful immigrants become a permanent part of the democrat voting base, even though they can't legally vote.  And Democrats sure ain't gonna go looking for voter fraud.
--Democrats thus establish permanent power by importing their voters and turning a blind eye to the fraud that gets them elected.

True?  On the one hand, I really hope not, because it would mean that there's very serious, systemic rot going on.  On the other hand, there's a bit of hope that it *is* true, because Medicaid is a HUGE portion of federal and state spending--about $850 Billion total.  Also, exposing large-scale abuse goes a long way toward stripping it (and SS) of their inviolable status.

Overblown?  Maybe.  Is the NTA -> work permit -> SS -> Medicare/voting pipeline legal? How much money are we actually talking about?

Illegal immigrants do pay SS payroll taxes. However, they CANNOT collect any social security unless they are legal residents or citizens.

I know a ton of immigrants. The vast majority, like most Americans to begin with, do not vote at all. But no undocumented immigrant that I know (many have been here for decades) would ever try to vote. The last thing they want to do, even if that were on their radar and it’s not, is engage in some sort of government activity that would risk deportation. BTW these immigrants are all extremely hardworking and have done very well in the US, and built value for their communities as well.

What undocumented immigrants in good standing need is asylum, not theatrical deportation. (We have done asylums for workers currently in the US before, it’s just been a super long time since the last one AFAIK.)

Also, WRT to Medicaid, I have no info about that…

Personally as a red-blooded American there were plenty of times in my life raising my young family when we had no healthcare insurance and just paid cash at clinics.

But something that brings tears to my eyes is what my dear departed parent, veteran, voter, lover of America used to say: We don’t let people give birth on the street in America because WE’RE NOT THAT KIND OF COUNTRY
« Last Edit: March 31, 2025, 02:30:11 PM by Fru-Gal »

mtnrider

  • Pencil Stache
  • ****
  • Posts: 771
  • Location: Frozen tundra in the Northeast
Re: Musk takeover
« Reply #899 on: March 31, 2025, 02:26:20 PM »
https://x.com/WallStreetApes/status/1906526419079082173

I'm hearing rumblings that DOGE is finding evidence of large-scale...hijinks... in SS, centered around illegal immigration. 

...

You seem to describe the asylum process and not illegal immigration - different things and actually quite easily distinguishable if one makes the effort.

Yes, and those sound like Musk's now-old talking points.  I think it's only like 125k asylum seekers that are allowed per year.  I think on Rogan (?) he claimed that they eventually become naturalized citizens and overwhelmingly vote D because they realize they wouldn't have been granted asylum from MAGA.  He wishes that path would become illegal.  Musk is also a naturalized citizen and claimed to have supported Democrats in the past.

I do think he is intentionally muddying the difference between illegal entry and asylum.  My understanding is that folks in the country without valid papers are actually paying Social Security and FICA taxes, but they can never receive those benefits.

 

Wow, a phone plan for fifteen bucks!