Patrick - you really did your homework and went over everything I could have wanted to know about this Elon Twitter deal. You said you hope to never make another one, but I hope you follow through. Looks like September is when we'll get an update, in which it goes to the courts. I hope Elon loses, and eats dirt all the way until the end.
Elon is the Jesus of entertainment. He would die to give us some fun! Just buying Twitter would be novel, but ultimately boring. So he had to try something to maximize the attention and get us to the edge of our seats! Now ladies and gentlemen, will the escape artist Musk make it out of the barrel, before it drops fown the Niagara falls? Stay tuned for all the action!
@@sunesnigel I will be the first to concede that when he says stupid stuff on twitter, it's embarrassing. I wish he would stop, and focus on the things he's good at: because, to be clear, as stupid as he can be in some contexts, he's also incredibly smart in a lot of other contexts.
@@sunesnigel I'm sorry, I think my response is getting removed. Briefly, if you want to see the good side of Elon, look for Ashlee Vance's book, or follow Tesla Daily, The Limiting Factor and/or Everyday Astronaut.
Transporter: The Beach Holiday ... afterwards he smuggled $100billion in bearer bonds across the sea strait on a speedboat while firing two oozies to aft and steering with fine white leather shoes while a bikini clad babe reloaded his guns :P
I had to watch the video twice, as the first time I was just looking for flaws in the lighting to reveal that it's a green screen... I guess that's extra vieew time and food for the algorithm. Well played, Patrick, well played..
Patrick Boyle is great. He makes well researched videos that still manage to be absolutely hilarious. Also sitting at the beach in a full suit is an awesome look. Great video
I worked in an investment banking team that underwrote deal contingent derivatives for M&A deals (eg an fx forward whose settlement was conditional on a certain deal closing). We obviously had to do a lot of research into historical deal failure rates and their causes as it affected our pricing (and decision of whether to offer a trade at all). I can assure you that one of the first things the risk committee would ask when we brought a potential trade to them for approval was to walk through the parties’ track record of getting deals done. In short, reputation is very very important.
Could you please elaborate a little on the point of this as I would be interested to hear what you’re implying (or not) no sarcasm just genuine interest.
So many hurdles for cash clearing. How did you think about closing rates for LBO firms vs. other buyers - a topic Patrick referred to at the end of the video.
@@calebhare2416 sure - I wrote this near the beginning of the video when Patrick referenced the importance of reputation on termination fees and other deal terms. So I was only commenting on that point. Edit: I mean that my post was intended to support what Patrick was saying in the beginning of the video. Sorry it’s hard to type on mobile.
@@dosgos private equity was much preferred (in terms of deal closing probability). They’re typically more experienced (“professional buyers/sellers”) + they’re less likely to have horizontal/vertical overlap with the target for antitrust purposes. Antitrust was the risk we paid the most attention to (assuming the “basics” were all good - experienced parties, financing secured (lol), etc)
@@xntumrfo9ivrnwf Interesting and thank you for your response. I would guess that strategic vs financial buyer "reliability" near closing varied over cycles and as the LBO industry matured. Easy & cheap debt financing would be a factor here. Deals were probably easier to walk away from pre-crisis. . .
A fair solution would be the judge ordering Elon to buy 420 Billion Dink Doinks and then send every twitter user 69 doinks each. The balance could then be given to Twitter shareholders but delivered by an NFT of an exploding rocket ship. A true win-win-win scenario.
Something tells me that the judges as a whole and especially Vice Chancellor Laster (probably the foremost business law mind/jurist in the United States) of the Delaware Chancery Court aren't going to be amused with Musk's antics. If Musk wins on such a weak legal argument he's got the best legal team that Delaware has ever seen.
@@greyfox78569 I'd say the two instances are not comparable. His behavior on this and trashing twitter at the utterly convenient time that the market starts dipping is a completely different legal issue than having a board vetting and approving a deal where there's a degree of conflict. Delaware courts are very hesitant to rule against boards.
@@greyfox78569 I agree in general, but considering that he bailed out the solar city shareholders, and tesla shares have gone up massively since then, its harder to prove damages than in this case so I think it will be harder for him to wiggle out of this one.
What a surreal scene this must have been to anyone going to the beach that day . I like to think there's not even a cameraman - just a man in a suit talking to a tripod on a little mound of sand to make sure the camera is at a good angle
@@Tommmmmmmmmmmm judging by: - the sunset changing the lighting on Patrick's face - the slowly increasing camera sensor noise due to lack of light - people in the background - hard edits making the water and people disappear this is almost certainly a tripod on a sand situation.
When I started out of college (early 2000s) at a large invesment company that we always gave our reports to clients in PDFs. I used to do the conversions and watermarked and password protected them. We did sometimes give the presentation with it in which I would convert the presentation into a swf using flash (yep that far back). We then went to a system that would convert files automatically from any format and only in pdf format.
If only an expert in Finance with broad experience and expertise on the field to include being a professor and leading a hedge fund would have told us this is exactly what was going to happen right when it was announced /s I expect the video to be Patrick just saying "I told you so" in multiple ways lol
Or how about flipping a coin and saying a pile of things and then look great later down the line. There are those who said he deal would go through there are those who said it would not and neither of them exactly deserve credit of any type.
Had to pause it near the end, just to say, this dude is my idol. And if I ever grow up (I'm 59), I want to be just like him someday. Thank you Patrick ✌️
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As always, thanks for the detailed look into the situation Patrick. The amount of precise and well researched points you have in your videos make you a standout compared to other youtubers covering the topic. Also nice setting, its beach season after all!
I love how light it is at the beginning of the video with it getting pretty dark out by the end. It really looks like this video was filmed in one take which is absolutely astonishing. Keep up the good work, Mr. Boyle!
I knew it! Patrick does in-depth quality market updates in random locations. The Chateau was class with the tweety birds in the background. Full suit at the beach is refreshing. Private Jet next?
I love your backgrounds, the table with the phone, the mansion, the garden and now the beach What's next? In the forest while hunting or between sheeps grazing?
Patrick, if recent news relating to ERM's many baby-mamas and numerous kids should inform you of anything, it's that when ERM says he's pulling out - he's probably not.
This entire mess was a cluster f#*k from the very beginning. Elon never should have gone near this deal .You aren't tested until a company you own and believe in is down 30-40-50% from its highs. You will question your conviction, your strategy, your process. The market has a way of finding your breaking point. Nothing tests your conviction like falling stock prices. Tesla dip getting on my nerves though 🤧
@Christian jenni How can I contact this advisor of yours? because I'm seeking for a more effective investment approach How good is this person at portfolio diversification, particularly with regard to digital assets?
Elon did sell about 9.6 million of his Tesla shares for the twitter agreement tanking the stock and now he is trying to back out of the deal with the liquidated shares. He normally wouldn't have been able to sell that many shares unless he started this deal with Twitter.
I'm not sure there is much of a long run bull case for Tesla. The CEO is a nut job; Tesla's sales of electric vehicles have probably pretty much peaked as everyone who wants a Tesla already has one - when we're all forced into buying electric cars, normal people will just buy electric cars from normal brands; it's vastly overvalued as it's being treated like a tech growth stock when it's a car manufacturer and should be valued with the same metrics as Ford - when everyone is making electric cars and Tesla isn't special, this will be realised and Tesla could fall by 80% over the next decade.
So glad to see Patrick finally make a video about this dumpster fire of a M&A deal. I know Patrick wishes that this is the last time he will have to discuss this particular topic, but I really hope he will continue to provide the high quality and well researched video as this corporate soap opera unveils.
I don't really need Patrick to follow up as it's likely that when the court finishes, the news about it will be pretty self explanatory. But one more Patrick video at the end would be great and here's why. What I really want to see is someone going through the trouble of screen shotting Elon fanboy comments on all Patrick's videos about this over time, and seeing the endless self delusion that will continue even if the Delaware court rules against Musk and the SEC punishes him yet again.
@@hellofranky99 Yeah, for now. I mean he was losing in court and the experts seem to say he had a lousy case. He was maybe going to be forced to go through with it and potentially also pay penalties. If the case is dropped and he "makes a good faith effort" to go through with it, but fails to get enough financing like maybe the partner investors back out, then he'll only have to pay the 1B break up fee instead of getting punished by the court. Also 1B is probably less than the amount he would over pay twitter for. So it would not surprise me if this is damage control and the deal still falls through. It also wouldn't surprise me if he decides he's stuck with it anyway and pushes through to turn twitter into his playground.
I never liked Elon for all his shenanigans that he thinks he can do without consequences as if he’s above the law. Double standard hypocrisy is his character in my opinion.
If you have enough money you literally do act without consequences. What's the ABSOLUTE worst that happens here? Elon is forced to buy something that he was going to buy anyways with funding that he already secured? Ohh, terrible.
@@jsedge2473 I don’t like these types of characters within individuals. You can like these types of people if you want and I wouldn’t criticize you, but I don’t like them.
@@bighands69 Why would you say that? Dude cried about getting his way with twitter; then signs a contract deal; then wants to back out in a whim, as if he can dictate everything. While everyone else has to follow and abide by contracts, Elon doesn’t think he has to. So, fuck Elon and his ego. In some ways he is similar to piece of 💩trumptard.
"Leveraged buyouts tend to ... be a lot more predictable..." Strategic buyers generally are more "predictable" in a deal process than an LBO shop or family office are.
My husband was just WAITING for Patrick Boyle's take on Elon pulling out. Mentioned to me that he was expecting the video to be chock full of salt, but it wasn't the case. I told him Patrick Boyle put as much salt in this video as humanly possible. HE WENT TO THE OCEAN. You can't get saltier than that. Touche Patrick. Best video you have made so far. Just utterly loved that you went to the beach in a suit.
Elon Musk's humour is juvenile, redundant and dumb. Plus most of the time the memes he posts are not even his own. Patrick Boyle's humour is dry, sarcastic, intelligent and totally on point.
Thank you for not having a reveal to board shorts and flip flops. Genius set. Uh oh…. wait, is this a “Death in Venice “ reference? Reference to ruinous infatuation?
Had to pause at 1:28 in, to say, without a doubt, unequivocally, hands down, undisputed, the ABSOLUTE BEST opener to a YT video, in all of YT history, no joke. That first minute summarises so perfectly the state of affairs were living in. If that's the opener this video is going to be a BANGER
I have checked UA-cam everyday for this video. As I knew while Musk antics mock the whole business world and he really is a sick sideshow wasting everyone's time, you had to present the facts accurately and professionally. (I do enjoy the presentation style, but it does not reduce the contents value nor integrity)
i like how the guy behind him decided to fish exactly behind him, like he doesnt like the camera but he really likes the spot so hes letting patricks head block him while he enjoys gentle wafts of elon stories compliment the symphony of the sea as he stares into those waves waiting for the next fish, ah what a life
The trouble with being a wanton jokester is that one of the funniest things the courts can do to you is to just enforce the law exactly as written, and then watch the absolute hilarity unfold.
This deal call for at least two ore Boyle reports. Your hard-Boyled coverage is essential to explain this arcane fiasco to many of us with less time to wade hip deep through the slime.
Never saw a suit at the beach before, the cognitive dissonance is causing my vertigo to act up…please tell me you’re wearing shorts and flip flops and there’s an umbrella drink in your right hand…
The guy claimed his technology is going to get everyone on Mars, but somehow dealing with a bunch of bots on a social media platform is beyond his intellect?
Transporting people with rockets still seems more straightforward, albeit expensive than figuring out god bot detection. Of course you could make it happen, but that wouldn't be Twitter anymore.
@@rkan2 It is not just rockets, but engineering colony habitat, bioengineering human, terraforming, shipping materials, ... And also, I am not the one who is saying bots can be sovled, Musk is. He claimed that the bot problem can only be solved if the company goes private.
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I do I love it. It not trying to depress you about horrible things
Patrick - you really did your homework and went over everything I could have wanted to know about this Elon Twitter deal. You said you hope to never make another one, but I hope you follow through. Looks like September is when we'll get an update, in which it goes to the courts. I hope Elon loses, and eats dirt all the way until the end.
am i tripping or did you actually go to the beach in a suit?
I think you and Hoeg Law also on UA-cam could have an interesting conversation on this case. Love the content
What is the business model
Behind the daily upside? :)
Going to tell my kids that this is Baywatch
I think that is Elon walking a doge in the background.
@@PBoyle It's actually Peter Schiff walking a Shiba Inu 😂
😂😂😂👍
Awesome bathing suit
😂😂😂😂
The prediction that he would end up owning the company and required selling Tesla stock to do so was absolutely spot on! Great analysis Patrick!
And then proceed to lose all that $40 billion by devaluing the thing you just use that $40 billion to buy.
Certified genius
This is such a well-done and well-researched piece. I can only imagine the amount of effort you put in, Patrick. Thank you.
Agree, the content he puts out is always worth watching, learning a lot.
Very good indeed.
Especially for that realistic green screen
Yes he is very thorough, it’s impressive
Mr. Boyle, your analysis and humor are epic as always. You are easily one of the best financial commentators on the internet. Cheers!
Elon: I wanna buy your company LOL.
Twitter: Okay.
Elon: Wait, what?
Anyone who is not an Elon sycophant, but who has paid attention to the dude's past actions, is not remotely surprised by this.
Elon is the Jesus of entertainment. He would die to give us some fun!
Just buying Twitter would be novel, but ultimately boring. So he had to try something to maximize the attention and get us to the edge of our seats!
Now ladies and gentlemen, will the escape artist Musk make it out of the barrel, before it drops fown the Niagara falls? Stay tuned for all the action!
Even Elon fans like myself, if they are even remotely reasonable, understand that none of this is normal and that Elon is being really dumb.
@@epgui an honest question. What is it about him you admire or like?
@@sunesnigel I will be the first to concede that when he says stupid stuff on twitter, it's embarrassing. I wish he would stop, and focus on the things he's good at: because, to be clear, as stupid as he can be in some contexts, he's also incredibly smart in a lot of other contexts.
@@sunesnigel I'm sorry, I think my response is getting removed. Briefly, if you want to see the good side of Elon, look for Ashlee Vance's book, or follow Tesla Daily, The Limiting Factor and/or Everyday Astronaut.
Jason Statham is back at it again with great financial content.
Transporter: The Beach Holiday
... afterwards he smuggled $100billion in bearer bonds across the sea strait on a speedboat while firing two oozies to aft and steering with fine white leather shoes while a bikini clad babe reloaded his guns :P
It’s Jason Bourne
Regular yt: beach background is a green screen
Patrick Boyle: beach background is a legit real thing and yet he's still in a suit
GOAT behavior 🤣
He took a break on his vacation to make this victory lap
Is that a mini umbrella drink thingy in his pocket? Casual smart has a mentor!
He is absolutely the real deal!
I had to restart the video half way as I was distracted by the "Is this just a really high-tech green screen or am I an idiot?" question lmao.
I had to watch the video twice, as the first time I was just looking for flaws in the lighting to reveal that it's a green screen... I guess that's extra vieew time and food for the algorithm. Well played, Patrick, well played..
Patrick Boyle is great. He makes well researched videos that still manage to be absolutely hilarious. Also sitting at the beach in a full suit is an awesome look. Great video
he's of a different breed
love how your channel evolved ....... the humor.... the valuable info.
And in that order
I worked in an investment banking team that underwrote deal contingent derivatives for M&A deals (eg an fx forward whose settlement was conditional on a certain deal closing). We obviously had to do a lot of research into historical deal failure rates and their causes as it affected our pricing (and decision of whether to offer a trade at all).
I can assure you that one of the first things the risk committee would ask when we brought a potential trade to them for approval was to walk through the parties’ track record of getting deals done. In short, reputation is very very important.
Could you please elaborate a little on the point of this as I would be interested to hear what you’re implying (or not) no sarcasm just genuine interest.
So many hurdles for cash clearing. How did you think about closing rates for LBO firms vs. other buyers - a topic Patrick referred to at the end of the video.
@@calebhare2416 sure - I wrote this near the beginning of the video when Patrick referenced the importance of reputation on termination fees and other deal terms. So I was only commenting on that point.
Edit: I mean that my post was intended to support what Patrick was saying in the beginning of the video. Sorry it’s hard to type on mobile.
@@dosgos private equity was much preferred (in terms of deal closing probability). They’re typically more experienced (“professional buyers/sellers”) + they’re less likely to have horizontal/vertical overlap with the target for antitrust purposes. Antitrust was the risk we paid the most attention to (assuming the “basics” were all good - experienced parties, financing secured (lol), etc)
@@xntumrfo9ivrnwf Interesting and thank you for your response. I would guess that strategic vs financial buyer "reliability" near closing varied over cycles and as the LBO industry matured. Easy & cheap debt financing would be a factor here. Deals were probably easier to walk away from pre-crisis. . .
A fair solution would be the judge ordering Elon to buy 420 Billion Dink Doinks and then send every twitter user 69 doinks each. The balance could then be given to Twitter shareholders but delivered by an NFT of an exploding rocket ship. A true win-win-win scenario.
Capital idea.
You had me at the first Dink Doink!
You right musk he hurt all american plate form with the problem of fake account.who are going to invest again in twetter .
Nice.
Lol
Elon tries to pull out, must be a first for him.
Wow, first time I ever heard that joke. /s
All. The. Likes.
lmao
someone has to populate the planet with memes don't they?
Well done Sir :P
ROFL!!!!!!!!!!!!!!!!
He needs colonists for Mars
The set and setting of this installment is just down right glorious.
Something tells me that the judges as a whole and especially Vice Chancellor Laster (probably the foremost business law mind/jurist in the United States) of the Delaware Chancery Court aren't going to be amused with Musk's antics. If Musk wins on such a weak legal argument he's got the best legal team that Delaware has ever seen.
He just did that with the solar city judgement. He even admitted guilt in testimony and was still found innocent.
@@greyfox78569 I'd say the two instances are not comparable. His behavior on this and trashing twitter at the utterly convenient time that the market starts dipping is a completely different legal issue than having a board vetting and approving a deal where there's a degree of conflict. Delaware courts are very hesitant to rule against boards.
@@greyfox78569 I agree in general, but considering that he bailed out the solar city shareholders, and tesla shares have gone up massively since then, its harder to prove damages than in this case so I think it will be harder for him to wiggle out of this one.
Are you a lawyer? I am. I think I'd rather be on Elon's side.
Imagine believing in 2022 that American court decisions are based on legal reasons...
Thanks for another great video Patrick. I was really looking forward to you covering this topic. You called it from the start.
Yep
What a surreal scene this must have been to anyone going to the beach that day . I like to think there's not even a cameraman - just a man in a suit talking to a tripod on a little mound of sand to make sure the camera is at a good angle
You mean there’s a possibility Patrick has a cameraman? I hadn’t even considered that
or the fact that it’s just a green screen
@@Tommmmmmmmmmmm judging by:
- the sunset changing the lighting on Patrick's face
- the slowly increasing camera sensor noise due to lack of light
- people in the background
- hard edits making the water and people disappear
this is almost certainly a tripod on a sand situation.
@@itsbazyli you can also see the ocean refracted in his glasses, which would not happen on green screen and would be [not worth the effort] to fake.
@@PplsChampion could be a deep fake, but more likely he's finally using his vacation time
Patrick should do this as a TED talk
When I started out of college (early 2000s) at a large invesment company that we always gave our reports to clients in PDFs. I used to do the conversions and watermarked and password protected them. We did sometimes give the presentation with it in which I would convert the presentation into a swf using flash (yep that far back).
We then went to a system that would convert files automatically from any format and only in pdf format.
To add: a company would be stupid to give out documents to any external party in such easy to change formats as MS word, Excel or PowerPoint.
Obvious green screen as the breeze on the beech was not blowing Patrick's hair around. ;) Another great one sir. Thanks!
If only an expert in Finance with broad experience and expertise on the field to include being a professor and leading a hedge fund would have told us this is exactly what was going to happen right when it was announced /s
I expect the video to be Patrick just saying "I told you so" in multiple ways lol
Or how about flipping a coin and saying a pile of things and then look great later down the line. There are those who said he deal would go through there are those who said it would not and neither of them exactly deserve credit of any type.
Lol, pretty much.
Thanks
No problem
Every single aspect of this video makes it the single best one I have ever watched on business and economics
This is UA-cam. Don't spare the hyperbole. Add: "... and probably the single best in known history, period." (ftfy)
Another video where Patrick baselessly insults Elon, who just BTW invented paper bags and photosynthesis!
Had to pause it near the end, just to say, this dude is my idol. And if I ever grow up (I'm 59), I want to be just like him someday. Thank you Patrick ✌️
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okay, I thought the beach was a green screen and I laughed....now I see you are actually at the beach. Much respect!
Thanks!
Welcome!
Twitter should let EM out of the deal for $4.20 billion. That's a funny number.
As always, thanks for the detailed look into the situation Patrick. The amount of precise and well researched points you have in your videos make you a standout compared to other youtubers covering the topic. Also nice setting, its beach season after all!
Love how Patrick keeps his suit on at the beach!! 🏖
I love how light it is at the beginning of the video with it getting pretty dark out by the end. It really looks like this video was filmed in one take which is absolutely astonishing. Keep up the good work, Mr. Boyle!
It looks like it's really be filmed on a beach. He's probably wearing shorts.
I knew it! Patrick does in-depth quality market updates in random locations. The Chateau was class with the tweety birds in the background. Full suit at the beach is refreshing. Private Jet next?
0:33 Your research is amazing and greatly appreciated. Also enjoy your humor. Many thanks!
I was so waiting for Patrick's response on this. Good video. Always enjoy his videos.
Patrick's videos. The gold standard for finance-themed videos!
You mean rap-themed, I'm sure.
Musk tries to pull out, everyone involved finds themselves in a sticky situation.
I love a smutty in-your-endo!
I love your backgrounds, the table with the phone, the mansion, the garden and now the beach
What's next? In the forest while hunting or between sheeps grazing?
Patrick, if recent news relating to ERM's many baby-mamas and numerous kids should inform you of anything, it's that when ERM says he's pulling out - he's probably not.
This entire mess was a cluster f#*k from the very beginning. Elon never should have gone near this deal .You aren't tested until a company you own and believe in is down 30-40-50% from its highs. You will question your conviction, your strategy, your process. The market has a way of finding your breaking point. Nothing tests your conviction like falling stock prices. Tesla dip getting on my nerves
though 🤧
@Christian jenni How can I contact this advisor of yours? because I'm seeking for a more effective investment approach How good is this person at portfolio diversification, particularly with regard to digital assets?
Elon did sell about 9.6 million of his Tesla shares for the twitter agreement tanking the stock and now he is trying to back out of the deal with the liquidated shares. He normally wouldn't have been able to sell that many shares unless he started this deal with Twitter.
Tesla is dead only you don't know it
I'm not sure there is much of a long run bull case for Tesla. The CEO is a nut job; Tesla's sales of electric vehicles have probably pretty much peaked as everyone who wants a Tesla already has one - when we're all forced into buying electric cars, normal people will just buy electric cars from normal brands; it's vastly overvalued as it's being treated like a tech growth stock when it's a car manufacturer and should be valued with the same metrics as Ford - when everyone is making electric cars and Tesla isn't special, this will be realised and Tesla could fall by 80% over the next decade.
So glad to see Patrick finally make a video about this dumpster fire of a M&A deal. I know Patrick wishes that this is the last time he will have to discuss this particular topic, but I really hope he will continue to provide the high quality and well researched video as this corporate soap opera unveils.
I don't really need Patrick to follow up as it's likely that when the court finishes, the news about it will be pretty self explanatory.
But one more Patrick video at the end would be great and here's why.
What I really want to see is someone going through the trouble of screen shotting Elon fanboy comments on all Patrick's videos about this over time, and seeing the endless self delusion that will continue even if the Delaware court rules against Musk and the SEC punishes him yet again.
(If you waited this long, you must've missed his "The Dumbest Buyout" vid four months ago.)
Well, looks like Musk is buying TWTR for real this time. For now anyway.
@@hellofranky99 Yeah, for now.
I mean he was losing in court and the experts seem to say he had a lousy case. He was maybe going to be forced to go through with it and potentially also pay penalties.
If the case is dropped and he "makes a good faith effort" to go through with it, but fails to get enough financing like maybe the partner investors back out, then he'll only have to pay the 1B break up fee instead of getting punished by the court. Also 1B is probably less than the amount he would over pay twitter for.
So it would not surprise me if this is damage control and the deal still falls through.
It also wouldn't surprise me if he decides he's stuck with it anyway and pushes through to turn twitter into his playground.
@@v312ym34n_is_very_mean If this deal still falls through after today, there will be a ton more people holding the bag at $54.20.
I was waiting for the "Told you so" update video.
I never liked Elon for all his shenanigans that he thinks he can do without consequences as if he’s above the law. Double standard hypocrisy is his character in my opinion.
Twitter's founder is a piece of work...
If you have enough money you literally do act without consequences. What's the ABSOLUTE worst that happens here? Elon is forced to buy something that he was going to buy anyways with funding that he already secured? Ohh, terrible.
@@jsedge2473 I don’t like these types of characters within individuals. You can like these types of people if you want and I wouldn’t criticize you, but I don’t like them.
@@WORLD-OF-MERLIN
So you think Twitter gets to dictate everything?
@@bighands69 Why would you say that? Dude cried about getting his way with twitter; then signs a contract deal; then wants to back out in a whim, as if he can dictate everything. While everyone else has to follow and abide by contracts, Elon doesn’t think he has to. So, fuck Elon and his ego. In some ways he is similar to piece of 💩trumptard.
I'm glad Patrick has embraced the wave of NFTs, cryptocurrencies and meme stocks, and can now afford to spend his days at the beach.
he shorts all of them and now can live comfortably on a beach.
And he's begun focusing back on rap again
Well well well. Patrick is right yet again. Thanks Patrick! I profited 20% thanks to you!!
Hope this isn't the last video you make on this deal.
This the most informative financial channel on youtube
"Leveraged buyouts tend to ... be a lot more predictable..." Strategic buyers generally are more "predictable" in a deal process than an LBO shop or family office are.
2:13 a seal or sea otter surfaces in ocean to your right of Patrick's left shoulder.
I have been looking forward to this one for days. And I am not disappointed 👍👍👍. Thank you Patrick for all your great content.
Really nice audio quality for a video filmed on the beach, well done!
been really curious about this,, glad u shared ur thoughts.
The humor is ingenious! Thanks
Love the new studio Patrick; I hope you have an umbrella for when our weather gets back to normal. 🙃
If i recall, you made a video saying you didnt think hed go through with it. As always, you were right lol. Bravo sir.
Only Patrick Boyle would sit on beach in full suit and tie.
Where else can one learn about finance and comedic brilliance in the one place, RIGHT HERE!! my friends.
Patrick will only have my respect if he can prove he is also wearing black leather shoes with his suit, not beach crocs 🤞
This guy is the only UA-camr I trust! Keep up the great work man!
My husband was just WAITING for Patrick Boyle's take on Elon pulling out. Mentioned to me that he was expecting the video to be chock full of salt, but it wasn't the case.
I told him Patrick Boyle put as much salt in this video as humanly possible. HE WENT TO THE OCEAN. You can't get saltier than that.
Touche Patrick. Best video you have made so far. Just utterly loved that you went to the beach in a suit.
Sitting with an expensive suit in a 5 buck foldable chair is a great combo 🙂
I always appreciate the nuance included and effort placed in your videos. Thank you for this!
that green screen is so good
All UA-cam traders work from the Beach. I thought I would give it a go, but now I have sunburn and a seagull stole my lunch.
@@PBoyle lol
My bet is he has lawyers right now offering a compromise of 46.90 a share and everyone in the room feels ridiculous.
The first 90 seconds of this video is the best roast I've seen since Easter Sunday
Elon Musk's humour is juvenile, redundant and dumb. Plus most of the time the memes he posts are not even his own.
Patrick Boyle's humour is dry, sarcastic, intelligent and totally on point.
Thank you for not having a reveal to board shorts and flip flops.
Genius set.
Uh oh…. wait, is this a “Death in Venice “ reference?
Reference to ruinous infatuation?
Love the beach and the people + dog in the back. Please always such scenes. The Video itself is excellent, as usual.
Excellent analysis Professor ... Thank You !
Greetings! Your work much much appreciated.
I assume there shall be a bit of “snark” approaching. Correction “hope there will be”
I love the settings of your videos. "In Patrick's office", "in the stairs of some building", "at the beach"… You need to do one from space!
Had to pause at 1:28 in, to say, without a doubt, unequivocally, hands down, undisputed, the ABSOLUTE BEST opener to a YT video, in all of YT history, no joke. That first minute summarises so perfectly the state of affairs were living in. If that's the opener this video is going to be a BANGER
Very, very much appreciating this great piece from what I assume is your holiday location or your new office.
The people in the background, with the suit, on the beach 🤌
The filmed on the beach joke is way funnier than it has any right to be.
Didn’t the agreement have some clause that said he would waive any due diligence rights?
You are easily the best financial youtuber, and funny as hell as well...
I have checked UA-cam everyday for this video. As I knew while Musk antics mock the whole business world and he really is a sick sideshow wasting everyone's time, you had to present the facts accurately and professionally. (I do enjoy the presentation style, but it does not reduce the contents value nor integrity)
Invaluable info. Any other news I've heard about the subject has been nothing but so-so, but you smash this confusion with FACTS.
i like how the guy behind him decided to fish exactly behind him, like he doesnt like the camera but he really likes the spot so hes letting patricks head block him while he enjoys gentle wafts of elon stories compliment the symphony of the sea as he stares into those waves waiting for the next fish, ah what a life
The idea to ban him sounds great. He could join Trumps Truth Social. 😂
Maybe he could buy Truth Social for $0.00420 per share.
@@chriswright9096 How is Trump Truth Social doing in USA, how is the value for the company.
@@TheMolden No idea. I just like the numbers 4,2 and 0. I'm very mature and serious.
"on your knees"
@@chriswright9096 I rate those set of numbers anywhere between a 6 and a 9 on the number scale.
I just absolutely love your raw and dry sense of humor
The trouble with being a wanton jokester is that one of the funniest things the courts can do to you is to just enforce the law exactly as written, and then watch the absolute hilarity unfold.
Idk what elon was thinking, The Pull out method never works.
I am amazed at your ability to predict the future. Given reascent happenings you were spot on.
Wow. Just wow. What a great breakdown. Do you sleep ever? Such massive effort and / or Skill to do this.
Absolutely dapper on the beach, I must say... 👏 Bravo
Well done analysis as usual.
This deal call for at least two ore Boyle reports. Your hard-Boyled coverage is essential to explain this arcane fiasco to many of us with less time to wade hip deep through the slime.
The beach backdrop really brings the gravitas that this deal deserves.
Nice to see you working remotely
Cool background. How come so few people in the beach?
Huge fish at 2:15 in the background
Great video, our man Pat is looking well.
Love your work Patrick!
Great stuff as always, Mister Boyle! I'd like to suggest a topic for one of your upcoming videos: "Doctor Copper"
Never saw a suit at the beach before, the cognitive dissonance is causing my vertigo to act up…please tell me you’re wearing shorts and flip flops and there’s an umbrella drink in your right hand…
Patrick recording this on a public beach like a BOSS!!!
The guy claimed his technology is going to get everyone on Mars, but somehow dealing with a bunch of bots on a social media platform is beyond his intellect?
Transporting people with rockets still seems more straightforward, albeit expensive than figuring out god bot detection. Of course you could make it happen, but that wouldn't be Twitter anymore.
@@rkan2 It is not just rockets, but engineering colony habitat, bioengineering human, terraforming, shipping materials, ... And also, I am not the one who is saying bots can be sovled, Musk is. He claimed that the bot problem can only be solved if the company goes private.
Best video yet Mr Boyle! 🏄♂️