Elon Musk makes $43B unsolicited bid to take Twitter private
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Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#262Also, I think that this business of shutting down opinions of people we dislike or disagree with is really bad for society long term. I think Musk might stop that.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#263Taking on Twitter will not only be a huge amount of work, it is likely consume a ridiculous amount of talent -- which could be focused instead on building next-generation humanoid robots, electric vehicles, energy solutions, reusable spaceships, and space stations.
Musk has a long history of taking on more than it's humanly possible, but so far he has been narrowly avoided failure. Recall that Tesla was ready to file for bankruptcy at one point in 2019.[a]
He hasn't sold any shares, so he's likely borrowing against his Tesla stock to finance this hostile takeover, exposing himself to all sorts of potentially ugly debt squeezes.
I really, really, really hope Twitter doesn't become a black hole that sucks talent and energy away from more important things. More than that, I hope this latest battle doesn't become Musk's Waterloo.
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[a] https://www.cnbc.com/2020/11/03/musk-tesla-was-about-a-month...
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#264As a Twitter shareholder I would vote against this. Musk says there is tremendous financial potential in Twitter but then offers $54 a share, which is not even 2x the IPO price. That’s not a “tremendous potential” premium. There is a lot of evidence that platforms which de-prioritize moderation have trouble attracting revenue and experience significant compliance costs. See: the sad story of Moot, who ran one of the…
I don't think he works too much; on the contrary, I think he's bored.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#265Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#266Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#267I’ve been very unhappy with my Twitter use because it has an addiction pattern. I set a short screen time limit on my phone, but I keep breaking it. Yet browsing the feed generally makes me feel sad and anxious. This news may be what I needed to delete my account.
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#268From observing various internet forums, including this one, I noticed that people from the "first world" countries don't know the value of free speech and often take it for granted. Sometimes even coming to such views as "free speech is dangerous" and that "we should limit free speech" (by blocking the views I don't like). Understand this: limits on free speech are far more dangerous to society than allowing fringe e…
Was this the government restricting speech, or private enterprise?
Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#269Re: Elon Musk makes $43B unsolicited bid to take Twitter private
#270From observing various internet forums, including this one, I noticed that people from the "first world" countries don't know the value of free speech and often take it for granted. Sometimes even coming to such views as "free speech is dangerous" and that "we should limit free speech" (by blocking the views I don't like). Understand this: limits on free speech are far more dangerous to society than allowing fringe e…