Elon Musk makes $43B unsolicited bid to take Twitter private

I don't have an opinion over the consequences for politics over this, I'm just excited over the potential shakedown of the social media landscape that I grew to despise. Musk is an activist, can make it or break it.

He is absolutely right over its enormous potential, all the problems it has - as a business or ones it creates for the society - can be solved.

Free speech absolutism is possible and is beneficial once you ensure that someone is not gaming the system, i.e. someone pretending to be more than one person. Add some other social mechanisms that we organically use in our daily lives to combat bad actors, for example if someone is caught BS'ing degrade their reputation and amplify the defence of the victims(thus, solve the problem of sensational lie being viewed a million times and no one seeing the correction).

Filter bubbles? Doesn't have to be a thing, you have all the data to detect bubbles and pop them by introducing them to each other. "More from the same" algos are a choice, TikTok successfully serves you new content - doesn't think that just because you liked a cat you want cats and cats only.

> The takeover is unlikely to be a drawn out process. “If the deal doesn’t work, given that I don’t have confidence in management nor do I believe I can drive the necessary change in the public market, I would need to reconsider my position as a shareholder,” said Musk.

Is he holding his own existing shares as hostage?

Good. Twitter is actually dying [0] (and Musk knows it [1]). For its survival it needs to be saved from itself, by taking it private.

Well done to Musk for doubling down.

[0] https://www.pewresearch.org/internet/2021/11/15/2-comparing-...

[1] https://news.ycombinator.com/item?id=30973239

We had the Bernanke Put now the Musk Put

1) Buy 9 % of shares

2) Announce intention to buy 100%

3) Look share price rise

4) Sell shares

5) Profit!

PS: Note to Musk -> If you are looking to control a company you don't need to buy 100% of shares. Just a majority of shares or special rights shares if they exist. Save your money and help the less lucky ones:

https://www.vanityfair.com/news/2022/02/mackenzie-scott-jeff...

[redacted comment complaining about the use of word "hostile" in title which apparently is a financial term]