I assume like is often the case, he controls enough voting shares to fire all the board whenever he wants. So functionally the board can’t oust him.
So he is saying twitter will be worth a quarter of a trillion dollars in a few years. That seems implausible even if everything went absolutely right.
No shot. And this guy is in charge of how many Billions? Do rich people not ver who they give money too. Or is private equity just an easy game that is it available to a select group people?
I think a standard S&P 500 index fund only have about 1.5% of the holdings in Tesla. At least that’s what Vanguard says here:
https://institutional.vanguard.com/investments/product-details/fund/0968
It is highly leveraged, so its not quite that bad. I dont remember the actual equity value in, but if its like $10B of equity then the company only needs to be worth like $94B to 5x (simplifying assumptions, but you get the general idea. Thats the beauty of buying the company borrowing other people’s money.
That said, no, it wont be a 5x return.
EDIT: Math is hard, $84B
Still the 7th largest holding there. Hopefully Tim Apple doesn’t fuck it all up.
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one of the things I never understood until I read this great book:
great book horrible title
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Yes
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I assumed slappy derived from slapdick. No idea when or where I first heard it, but I don’t associate it with 2p2.
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I associate it with old timey gangster movies where the good guys call the bad guys “hoodlums” and the bad guys call their girlfriends “toots”. But “slapdick” being the origin makes more sense.
I guess technically, board members have actual obligations to their shareholders.
While the usual, "lol at rich people ever facing consequences " rule applies. Screwingnover other rich people is often the one exception.
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Came up constantly in SE
Shocking
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That’s where I first heard it. “Cleveland slappy”.
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Walt Whitman notably used slappy in his 1855 Leaves of Grass to describe the sound of water on “the slappy shore.”
Not sure about this next one…
Slappy is also an American football slang term, apparently a shortening of slapdick (“uniformed newbie,” the slang alluding to a flaccid penis), used in the NFL since the 1990s to refer to an unsuccessful, minor, or unimportant player.
Do people not know about Urban Dictionary?
Greeeeeear probably meant it like slapdick but he never clarified afaik, even when people would point blank ask him. Though it’s absolutely hilarious that it’s become a synonym for a homer.
GREEAR10 - Called Kyleb a Cleveland slappy and continued to go from there
Maybe it’s a Detroit thing.
https://www.reddit.com/r/detroitlions/comments/9dx0xd/whats_with_the_term_slappy/
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I mean, I’m from detroit as much as greear is and I don’t think so