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Disney's disastrous year

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I was going to pop in to say that the 'ratings failure' of Doctor Who's first special's final UK figures have been released and they're 7.61m. But then I saw this is now the Elon Musk thread, so I'll back away quietly.

I've been pleased with Doctor Who!

That said, while I love the success (and hope it continues, because Ncuti Gatwa is awesome, to the point where my friend asked when he was starting), it's really absolutely insignificant in terms of Disney overall. Just such a strange point to make, unless the real intent was never about Disney as a company.
 

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I was going to pop in to say that the 'ratings failure' of Doctor Who's first special's final UK figures have been released and they're 7.61m. But then I saw this is now the Elon Musk thread, so I'll back away quietly.
I'm just happy that a colleague of mine said Dr Who is on Amazon which I have a subscription with so I can finally give it a fair shake and see what the fuss is about during these Dec/Jan holidays.
 

In fairness he does seem to have some real skills with startups. Move fast and break stuff can be a functional approach when you're trying to establish a concept and a business. He seems significantly less adept at running an established business and making or keeping it profitable.

[immediately bans accounts that make fun of him or track his jet, immediately unbans literal Nazis]
You can also combine these two thoughts for fun and profit!

For instance, did you know that in 2019, Tesla acquired San Diego-based ultracapacitor producer Maxwell Technologies for $235m, and then turned around and sold it two years later for an undisclosed amount of money? This is a literally true story*! You can google "Elon Musk Maxwell" to learn more!




*Yes initially this was just going to be a joke about a "rumor" but it turns out this is a thing that actually happened, the jokes, they write themselves.
 

I never followed or indeed follow Musk's career. My issue is, if he was as bad as the MSM are currently saying he is (current = since his acquisition of Twitter), logically he would have been terrible before. So, my question would be, why was he propped up/celebrated before his Twitter acquisition by the media? Why wasn't this supposed ineloquent buffoon outed much earlier?
A lot of luck and that he has the ability to make money for himself because he has money. He used to be very good at selling himself, by painting himself as a visionary, founder, and great businessman. He is very good playing the hype game and courting investors, but he is actually bad at business.

He bases his persona on two facts: having been CEO and founder of Pay Pal, and being CEO and founder of Tesla. But a lot of it is half-truths and smoke and mirrors. And all of it comes down to he being a trust fund kid who learned to use money to shield himself from the bad consequences of his actions.

His first company was a success, by virtue of being actually run by the board -of which is Father was part of- (he wasn't CEO of it). And PayPal was a success, but it was all despite of him. You see, he didn't found PayPal, and he isn't properly part of the PayPal mafia. He got into PayPal through a merger between PayPal and Xcom (his company which was a competitor). The merger happened because neither company could stand to survive while in competition with the other. PayPal was a recognizable brand with a lot of users and good business fundamentals. Xcom had deeper pockets (because Musk is a trust fund baby). The merger had Musk placed as CEO of the combined companies -because he brought more money to the table-. His tenure, however, was a disaster and he was ousted by a literal coup started by key people at PayPal -the actual PayPal mafia-. Without him at the helm, PayPal managed to grow. He however, remained the greatest investor an received a lot of money when Ebay bought PayPal.

He then used the money he got from the PayPal sale to invest into Tesla, and through legal shenanigans managed to gain the legal right to call himself founder of Tesla. Then "Revenge of the Electric Car" happened, which was in a way an almost auto-hagiography, where he sold himself as the mind behind PayPal's success and a visionary. He used this good publicity to then found SpaceX, and since space travel is inherently cool, he gained a lot of brownie points as a genius.

Yes, Tesla is a good company that makes money, but it also makes a lot of dumb business decisions that it can afford because its core product is a hot product -at least until this year when it has started to slow down-. On the other hand, SpaceX which is all Elon hemorrages money, and only keeps growing in value because of the Sillicon Valley investment model which is very degenerate.

Only now most people are seeing Musk as a less than stellar businessman, thanks to his disastrous managing of Tweeter and his forays into Crypto bump and dump. He is starting to come as more of a conman with deep pockets than a true genious.
 

Yes, Tesla is a good company that makes money, but it also makes a lot of dumb business decisions that it can afford because its core product is a hot product -at least until this year when it has started to slow down-. On the other hand, SpaceX which is all Elon hemorrages money, and only keeps growing in value because of the Sillicon Valley investment model which is very degenerate.
SpaceX is great. Arguably a better company than Tesla now, depending on what one's priorities are.

I wouldn't give Elon all the credit for SpaceX either, though.
 

One of my favorite "rich guys are smart until they're not" stories involves the Hunt Brothers.

Convinced that fiat currency was on the way out (history may not repeat, but it does rhyme!) they decided to corner the silver market. Which worked great! Using the inherited wealth of their father (a billionaire), along with aggressive margin positions, they managed to acquire a decent portion of the world's supply of silver ... I think it was over 1/4 ... driving the price up nearly eightfold in a year.

Unfortunately, it didn't last. And fiat currency managed to stick around. The price started to collapse, and the Hunts were wiped out. Contrary to the old saying, the bankruptcy happened quickly, and all at once.
One of my high school friends worked his butt off all summer and put everything that he earned into silver. It was somewhere between US$9 and US$11 at the time, if I recall correctly. He sold when it hit around US$54. Got out before the Hunts and paid for college ;)
 

stop that. knowing things. First rule of being a Robber Baron, if you come from a rich family start a myth about how you rose from nothing without any resources by your own bootstraps.
One of my favourite "language evolves" stories is about that expression. Have you ever tried pulling yourself up by your own bootstraps? It was originally supposed to mean an impossible task.
 

One of my high school friends worked his butt off all summer and put everything that he earned into silver. It was somewhere between US$9 and US$11 at the time, if I recall correctly. He sold when it hit around US$54. Got out before the Hunts and paid for college ;)
Despite silver Thursday, there was a silver rush resurgence in the early aughts. I remember a lot of libertarian types saying that the economy would collapse Mad Max style and only silver and gold would be worth anything...
 

Oh, yes, let's be clear on that. Musk has some very notable and incredible talents -- and not just salesmanship. He's done (substantive) things to increase his wealth. My primary point was that he's a very traditional success story of someone well-ensconced in the plutocrasphere, not that the emperor has no clothes*.
*But as others have pointed out, there has been some over-extrapolation from the emperor having clothes to that he should then be listened to as an expert in tailoring, or to somehow being able to do 5-dimensional clotheswearing his way to success in pursuits unrelated to lack of nudity (and now I'm truly sorry for where this analogy went).
Three steps to becoming a Tech Billionaire:

1 - Inherit an emerald mine
2 - ...
3 - PROFIT!
 

Despite silver Thursday, there was a silver rush resurgence in the early aughts. I remember a lot of libertarian types saying that the economy would collapse Mad Max style and only silver and gold would be worth anything...
In every generation there are those who think that society is going to go to hell and the only thing that will be worth anything is precious metals. The smart money is in

Salt-N-Pepa-50-yrs-hip-hop-080423-tout-e8514b0f29b64dfdb7c5047fa1a7074a.jpg
 

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