Elon Musk Buys Twitter

[Darkeon]

Again, he's buying Twitter because he wanted to troll the FTC by playing a game of chicken with Twitter. He lost that game.

Nobody is scared of shit, lol.

That's quite the projection. No one is aware of his intentions but himself. You lost this game.

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He has investors that are helping purchase twitter, the kind of people you don't want to disappoint. He is a multi billionaire but I can tell you from experience these types of people are afraid of becoming less rich than anything else.

This, however, I say it's a given. Above any explanation or reasoning, it's a business move.

[unfilteredJW]

That's quite the projection. No one is aware of his intentions but himself. You lost this game.

Every part of this is incorrect and can be summarily dismissed.

[Edge-]

That's quite the projection. No one is aware of his intentions but himself. You lost this game.

Yes, overpaying at $54.20 a share and then suing to stop the deal because he waived his due diligence and realized he was stuck with a bad purchase was actually a brilliant move by an entrepreneur.

As a reminder, when he made the offer to purchase Twitter for $54.20 per share the value of Twitter was roughly $45. So he was paying a $9.20/share premium on the purchase which, given Twitter's financial performance and growth prospects in an increasingly competitive social media landscape, was absolutely overpaying like hell. Hence why Twitter quickly agreed to it and Elon tried to get out of it.

Truly, galaxy brain shit. But like, y'all apparently think the meme is serious and not a joke.

[Rasulis]

Yes, overpaying at $54.20 a share and then suing to stop the deal because he waived his due diligence and realized he was stuck with a bad purchase was actually a brilliant move by an entrepreneur.

As a reminder, when he made the offer to purchase Twitter for $54.20 per share the value of Twitter was roughly $45. So he was paying a $9.20/share premium on the purchase which, given Twitter's financial performance and growth prospects in an increasingly competitive social media landscape, was absolutely overpaying like hell. Hence why Twitter quickly agreed to it and Elon tried to get out of it.

Truly, galaxy brain shit. But like, y'all apparently think the meme is serious and not a joke.

Let me put it this way, at the price Musk paid for Twitter, the P/E ratio was 163.24. That is truly bad for an internet company that basically runs a fancy bulletin board system.

[Endus]

I feel like you have some issue with musk personally, otherwise I don't see why this would rile you up so to speak. Maybe it's a PR move? Personally I'm just happy someone has taken control and wants to grant people freedom to speak.

People already have that freedom. Whatever source gave you the impression that anything about this gives anyone new "freedom", that source was lying to you, and you were gullible enough to swallow those lies without thinking critically about what you were being told to think.

I hope Elon turns it into the town square he wants

Zero chance he'll ever do that. It would require him giving up control over the company permanently and irrevocably.

cuz as is Twitter is deffo moderated to one side of the ideological spectrum mostly cuz the people with money lean that way but that is anothe discussion

It really isn't. It's an utterly baseless persecution complex by right-wingers who don't understand that being banned for abusive conduct or hate speech isn't actually about your politics.

Hate speech laws are actually pretty cool cuz its recognition of whats acceptable speech and what isnt.

Like defamation laws. Like laws against threats. Like laws against incitement. Like laws against child porn. And so on. Not the weird expectation you think it is.

[postman1782]

Good.

Twitter has been a delightful experience today.

Looking forward to more changes!

Like all the Nazis and fascists cheering the Paul Pelosi attack or calling it a fucking false flag?

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Considering how little I fucking post on this site, I highly doubt you have any idea what kind of beliefs I hold. Then again, I'm not the one here defending pedos who shouldn't be given a platform to promote their abusive thoughts and actions.

What little you have posted, we do know how ignorant you are.

[Darkeon]

Like all the Nazis and fascists cheering the Paul Pelosi attack or calling it a fucking false flag?

Why would you follow that type of people? My brother in Christ, you need some cute animals on your timeline or something.

[NED funded]

He has investors that are helping purchase twitter, the kind of people you don't want to disappoint. He is a multi billionaire but I can tell you from experience these types of people are afraid of becoming less rich than anything else.

Elon Musk has been pretty transparent that he hasnt bought the company for economic returns. If investors cosigned to that then its on them not on Musk

[postman1782]

Why would you follow that type of people? My brother in Christ, you need some cute animals on your timeline or something.

I don't. But you sure as fuck do.

[Jastall]

Elon Musk has been pretty transparent that he hasnt bought the company for economic returns. If investors cosigned to that then its on them not on Musk

Yes, the guy clearly became rich by not caring about his companies bringing in money or not.

[Draco-Onis]

Elon Musk has been pretty transparent that he hasnt bought the company for economic returns. If investors cosigned to that then its on them not on Musk

You may want to tell him that because he has said something else this week, if you don't know by now the man's word is worthless.

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Yes, the guy clearly became rich by not caring about his companies bringing in money or not.

Of course not our savior Elon is only motivated by the good of humanity /s

[Jastall]

Of course not our savior Elon is only motivated by the good of humanity /s

I feel like some people need to be told that just because Musk's a certified troll doesn't mean he thinks like the average terminally online NEET who also happen to be trolls. Money's his first and foremost concern and he knows how to make it. Furthermore, making a bad move that costs his co-investors isn't very good business at all. It's why he tried to back out of the current deal in the first place.

Of course now he'll try and save face by saying it was trolling all along and that he doesn't care because not caring is cool lol bro #420dogecoin. But the idea that he wasn't looking for the dollar bills with this move is quite risible to me.

[Rasulis]

The whole thing reminds me of the time when Oracle bought Sun, or when Google bought Motorola. Except it is 100 times worse.

[LilSaihah]

I don't know whether I want to make a serious assessment of what's going on here or a less serious one.

My serious assessment is that Musk has his work cut out for him, but if it was a profitable platform previously, reducing the staff is a good way to make it more profitable. In particular, removing the people who made the utterly bone-headed decision to remove Trump is the smartest thing that Musk could do. Twitter also strikes me as a platform which would be having an incredibly difficult time beating TikTok.

Less seriously, this is a very funny storm in a teacup. Who cares lol.

[Paranoid Android]

I don't know whether I want to make a serious assessment of what's going on here or a less serious one.

My serious assessment is that Musk has his work cut out for him, but if it was a profitable platform previously, reducing the staff is a good way to make it more profitable. In particular, removing the people who made the utterly bone-headed decision to remove Trump is the smartest thing that Musk could do. Twitter also strikes me as a platform which would be having an incredibly difficult time beating TikTok.

Less seriously, this is a very funny storm in a teacup. Who cares lol.

Donald Trump tweets incited Capitol violence, Twitter employee tells January 6th Committee

We have this thing here called the January 6th hearings and if you have not paid attention, Trump has been complicit in inciting violence and perhaps the worst case of overthrowing our democracy.

As the article states and this is not opinion cause You Know, Trump actually tweeted almost every day that the election was rigged or claiming large groups of people were committing fraud (almost all minorities) or actually falsely accusing election officials in Georgia, which You know, led to violent threats. I could go on with my run on sentence here.

So idk how this is free speech from not just a person but a person who was the outgoing President, a person who had influence of tens of thousands or more people to commit political violence. To this day he has not stopped so you think he would have stopped on Twitter after the election.

[s_bushido]

I don't know whether I want to make a serious assessment of what's going on here or a less serious one.

My serious assessment is that Musk has his work cut out for him, but if it was a profitable platform previously, reducing the staff is a good way to make it more profitable. In particular, removing the people who made the utterly bone-headed decision to remove Trump is the smartest thing that Musk could do. Twitter also strikes me as a platform which would be having an incredibly difficult time beating TikTok.

You apparently went with the "less serious" option. How much disinformation does a person have to spread, and how much violence do they have to incite before you think removing them from a social media platform that allows them to reach millions of people is justified.

[diller]

Good.

Twitter has been a delightful experience today.

Looking forward to more changes!

I didn't notice any change whatsoever, what changed?

Same, it's actually hilarious how many people are losing their minds over this. Just shows what free speech means. There is no debating when one side controls the discourse.

WOW - again someone that doesn't understand the concept of 'freedom of speech' can't say I'm surprised

[Specialka]

I didn't notice any change whatsoever, what changed?


WOW - again someone that doesn't understand the concept of 'freedom of speech' can't say I'm surprised

Which one ? The american one or the "true" one ?

[diller]

Which one ? The american one or the "true" one ?

Well there is no 'freedom of speech' anywhere that I'm aware (in the sense he seems to think)

[LilSaihah]

You apparently went with the "less serious" option. How much disinformation does a person have to spread, and how much violence do they have to incite before you think removing them from a social media platform that allows them to reach millions of people is justified.

I am sure you know I am a very serious person, and I don't think a serious person would ever think a big tech corporation would act with something like morals or ethics in mind. It's all about the retention and moolah and Twitter would never bother to justify anything with a different reason. With that in mind, the answer to your question is "I don't know, I don't buy adspace on twitter".