Elon Musk Buys Twitter

[UnifiedDivide]

tells me exactly why Elon wanted to purchase it and why he did.

Because he's a shitposting narcissist that doesn't like being called out?

free speech

No such thing with regards to Twitter, never has been a thing with regards to Twitter.

[Rasulis]

I can see him adding a cost/subscription with "benefits". Unlimited retweets. The algo will "promote" your tweets. Automatic obligatory #thoughtsandprayers when something happens without an app for it. "Celebrity" status gets it for free. Pay, er, donate X dollars to remove your ban. Make a fortune off that for those whose pronouns are REEEE/REEEE.

Maybe. He is also assuming Twitter's debt which is pretty high for a tech company that does not make anything. Twitter's credit rating of BB- is not stellar to start with. Strangely enough, FB has no S&P credit rating because it has no debt. His takeover added another 13B to Twitter's debt. So that BB- will probably get downgraded making it harder to borrow capital.

[Draco-Onis]

It would be interesting to see if Musk can turn Twitter into a profitable venture. Twitter may be influential, but the business model sucks.

Twitter was established 2 years after Meta. Meta revenue for 2021 was 118B and Twitter was 5B.

Meta started being profitable around 2010 and has maintained close to 40% profit margin for more than a decade.

The only profitable quarters for Twitter were 2018 and 2019.

Actually we won't see because the company is going private so the only information about their success from now on will be from Musk a compulsive liar. He's also said he doesn't care about making money with twitter which goes to the whole liar thing.

[Al Gorefiend]

Good news! We don't.

We have individuals creating rules for users who want to use a free private platform. The rules have nothing to do with how democracies are run around the world, and if anything their efforts to combat intentional misinformation are a boon to free democracies.

But I can see why a great many authoritarians and "totes not authoritarians" are greeting this news with great excitement.



This likely literally only exists in your head, bro.

What makes you think Musk is going to enact sudden company policies that declare intentionally misinforming news is allowed on Twitter now? Whatever automated systems and individual Twitter moderators the company uses will still most likely exist. Musk cited his distaste in Twitter came from the censorship of certain voices that dissented against a majority opinion regarding social issues like anti-vax and far right conservatism. You can agree those are shitty opinions and you have the right to ignore those posts and move along, but they were given the platform to express those opinions alongside everyone else.

[Rasulis]

Actually we won't see because the company is going private so the only information about their success from now on will be from Musk a compulsive liar. He's also said he doesn't care about making money with twitter which goes to the whole liar thing.

I still think he is crazy. In combination with Twitter's existing debt, he just assumed around 56 - 58B debt for a company with net revenue of negative 2.5B in 2021.

[Edge-]

What makes you think Musk is going to enact sudden company policies that declare intentionally misinforming news is allowed on Twitter now?

...literally everything he's said about "ending censorship" and making it a "freeze peach" platform?

Musk cited his distaste in Twitter came from the censorship of certain voices that dissented against a majority opinion regarding social issues like anti-vax and far right conservatism.

Which were largely trafficking in...misinformation and hate-speech in violation of Twitter's rules. Rules that are apparently going to be changing in pursuit of his "freeze peach" platform goals.

but they were given the platform to express those opinions alongside everyone else.

Actually, no, they weren't. Those were explicitly forbidden by the ToS that users agreed to when signing up to use the free service. That they cried a lot because they were removed for violating rules they voluntarily agreed to is a very big "they're just mad their diapers are filled with their own shit" problem.

[Grapemask]

Re: that guy earlier in the thread, EU warns Elon Musk over Twitter moderation plans

Thierry Breton, the EU’s commissioner for the internal market, told the Financial Times that Elon Musk must follow rules on moderating illegal and harmful content online after Twitter accepted the billionaire’s $44 billion takeover offer.

Yes, it turns out even Europe understands what freedom of speech actually is.

[Al Gorefiend]

...literally everything he's said about "ending censorship" and making it a "freeze peach" platform?



Which were largely trafficking in...misinformation and hate-speech in violation of Twitter's rules. Rules that are apparently going to be changing in pursuit of his "freeze peach" platform goals.



Actually, no, they weren't. Those were explicitly forbidden by the ToS that users agreed to when signing up to use the free service. That they cried a lot because they were removed for violating rules they voluntarily agreed to is a very big "they're just mad their diapers are filled with their own shit" problem.

Violence: You may not threaten violence against an individual or a group of people. We also prohibit the glorification of violence. Learn more about our violent threat and glorification of violence policies.

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Literally not a single one of these rules are going to change

[uuuhname]

Literally not a single one of these rules are going to change

so what is it, are they changing the rules to how moderation works, or not?

[Edge-]

Literally not a single one of these rules are going to change

So what is changing then? Because those are the current rules, and none of the "political rules" ya'll complain about actually exist.

[uuuhname]

Do you often bring forth conservatives when replying to someone who stated "Outside of the USA"? Because that's hilarious, my dude.

and I can list all of the Fox News hosts that Russian state media thinks are the greatest allies to Russia in their continued war/genocide in Ukraine. what's hilarious here is how ignorant you seem to be on the subject. as if conservatism is a purely American thing....

[Specialka]

and I can list all of the Fox News hosts that Russian state media thinks are the greatest allies to Russia in their continued war/genocide in Ukraine. what's hilarious here is how ignorant you seem to be on the subject. as if conservatism is a purely American thing....

US conservatism is sure unique to USA.

[uuuhname]

US conservatism is sure unique to USA.

no, it's not. it really is not, they're just narcissistic enough to think they're unique. but go point for point issue by issue, and they're literally all the same in how they view the world.

[Edge-]

US conservatism is sure unique to USA.

It's not, hence why CPAC - the American conservative convention, is being hosted in Hungary and hanging out with authoritarian Viktor Orban.

[uuuhname]

It's not, hence why CPAC - the American conservative convention, is being hosted in Hungary and hanging out with authoritarian Viktor Orban.

after shitting out Sabastian Gorka hasn't Hungary done enough? they really need to be held to account for that one.

[Edge-]

after shitting out Sabastian Gorka hasn't Hungary done enough? they really need to be held to account for that one.

I bet he can't even attend this year's CPAC in Hungary given that he still has an outstanding warrant for weapons charges : 3

[uuuhname]

I bet he can't even attend this year's CPAC in Hungary given that he still has an outstanding warrant for weapons charges : 3

lol how do manage to do that. okay I need to look into that cuz that's hilarious.

[Endus]

To be clear, Twitter was only profitable for less than 2 years out of 14 years in business. It was not profitable in 2020, 2021, and 2022.

And I'm just gonna go right back to "profit isn't a measure of a successful company".

You realize non-profits exist, right? Companies that are literally legally barred from generating a profit (in return for some tax benefits and such). They're still able to be "successful", even if their profits are permanently "zero" forever.

"Profit" is only a consideration for capitalists whose only concern is lining their own pockets at the expense of others (and before you respond, note that if you don't own some measure of the means of production in some significant manner, you cannot be "a capitalist"; you're a worker under a capitalist).

Literally not a single one of these rules are going to change

Then what is it you're expecting would change? Literally the only other thing that gets you banned is "dangerous disinformation", particularly where it's clearly intentional dissemination with malicious intent (not just some rando being wrong about something one time). 100% of the people complaining about being banned for "politics" weren't; they were generally banned for hateful conduct or abusive behaviour.

[Edge-]

100% of the people complaining about being banned for "politics" weren't; they were generally banned for hateful conduct or abusive behaviour.

"I got banned for my politics!"

"What did you post?"

"That trans people should all be shot by a firing squad."

"That's...encouraging violence, though?"

"THIS IS MY FREEDOM OF SPEECH AND MY GENUINE POLITICAL VIEW AND I SHOULD BE ALLOWED TO POST IT ON A FREE SOCIAL MEDIA PLATFORM AFTER I HAVE AGREED NOT TO POST ANY CONTENT THAT ENCOURAGES VIOLENCE!"

[dextersmith]

I hope "authenticating all humans” doesn't mean dealing with capcha's all day. I don't like the idea of one person owning everything.