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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

#263
OK. I'm a huge admirer of everything Musk has a accomplished, but... W.T.F.?

Taking 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.

--

[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

#264

As 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…

We're not sure he really wants to buy Twitter. This could simply be a stunt.

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

#267
post #54

I’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.

It sounds like you should be unhappy with your own addictive tendencies and not necessarily Twitter. You may want to reach out to a specialist if you feel this is negatively impacting your life, as you'll likely start doing the same with some other app.

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

#268

From 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…

> Coming from a country that had made a transition from a (rather messy) democracy to an authoritarian fascist police state in just 15 years, I tell you this: it all started with limits on the freedom of speech.

Was this the government restricting speech, or private enterprise?

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

#270

From 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…

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