Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Twitter set to accept Musk's $43B offer – sources

reuters.com

Post reply on HN
Print view View original

611–620 of 1001 posts

Re: Twitter set to accept Musk's $43B offer – sources

#611

Post by hackernewds »

boredumb wrote: post #105

People act like this is some spiteful thing he's doing in order to just post edgy memes or have a 'private' social media for himself. Twitter, despite being a toxic place the majority of people avoid, brought in over 5 billion dollars last year. If elon removes bots, welcomes non-extremists back on, gets comedians and entertaining accounts back on board and lets people say what they want instead a bot army of shills…

Twitter has been immune from being an advertising cesspool, and an excellent information source. As much revenue as an Edit button would drive, you can imagine the kinds of abuse and scams that one will encounter right away.

Being financially sound is not always great for society.

Re: Twitter set to accept Musk's $43B offer – sources

#612

Post by DyslexicAtheist »

altacc wrote: post #41

He's already said that he'd follow all local laws so it would be interesting to see if he can find the elusive path of maintaining free speech, following the law and not having Twitter being a toxic cesspool used mainly to shout down those not our your "side". Personally my reservations are because I think running a social media site is a lot about understanding people and defining a healthy culture for your elusive…

> interesting to see if he can find the elusive path of maintaining free speech

I am also utterly gobsmacked how people here jump to the defense of billionaires.

> Taking a moment to think about how utterly crazy it is that in 2022 a company with a significant dataset of private and public communications, that has municipalities, companies and governments on the platform, can switch ownership with pretty much zero scrutiny -- https://twitter.com/emilybell/status/1518580094649966592

Re: Twitter set to accept Musk's $43B offer – sources

#613

Post by dragonwriter »

DyslexicAtheist wrote: post #612
altacc wrote: post #41

He's already said that he'd follow all local laws so it would be interesting to see if he can find the elusive path of maintaining free speech, following the law and not having Twitter being a toxic cesspool used mainly to shout down those not our your "side". Personally my reservations are because I think running a social media site is a lot about understanding people and defining a healthy culture for your elusive…

> interesting to see if he can find the elusive path of maintaining free speech I am also utterly gobsmacked how people here jump to the defense of billionaires. > Taking a moment to think about how utterly crazy it is that in 2022 a company with a significant dataset of private and public communications, that has municipalities, companies and governments on the platform, can switch ownership with pretty much zero sc…

> utterly insane how people here jump to the defense of billionaires.

The discussion forums hosted by a startup accelerator are friendly to major capitalists? Who would have expected it?

Re: Twitter set to accept Musk's $43B offer – sources

#614

Post by jypepin »

So, how does that work for current stock holders and employees? If you own Twitter stock, will it be automatically sold at 43b val? And twitter will get out of public markets?

For employees, are they pretty much seeing their comp getting divided by 2 because now they can't sell the stocks/rsus they vest every quarter?

Re: Twitter set to accept Musk's $43B offer – sources

#616

Post by rectang »

altacc wrote: post #41

He's already said that he'd follow all local laws so it would be interesting to see if he can find the elusive path of maintaining free speech, following the law and not having Twitter being a toxic cesspool used mainly to shout down those not our your "side". Personally my reservations are because I think running a social media site is a lot about understanding people and defining a healthy culture for your elusive…

Trolls, disinformation spreaders, and "free reach absolutists" are going to be thrilled with the megaphone Musk will provide them to drown out their enemies.

Welcome to Voat 2.0.

Re: Twitter set to accept Musk's $43B offer – sources

#617

Post by newobj »

quirino wrote: post #605

I wonder about the potential for Twitter to improve as a product with a little shakeup/different priorities. Stuff like not needing to login to browse or a better system for longer tweets/threads. I'd also be a fan of a very fast/lightweight interface, something closer to nitter.net.

That's cute

Re: Twitter set to accept Musk's $43B offer – sources

#618

Post by robonerd »

rectang wrote: post #616
altacc wrote: post #41

He's already said that he'd follow all local laws so it would be interesting to see if he can find the elusive path of maintaining free speech, following the law and not having Twitter being a toxic cesspool used mainly to shout down those not our your "side". Personally my reservations are because I think running a social media site is a lot about understanding people and defining a healthy culture for your elusive…

Trolls, disinformation spreaders, and "free reach absolutists" are going to be thrilled with the megaphone Musk will provide them to drown out their enemies. Welcome to Voat 2.0.

> Welcome to Voat 2.0.

Or Reddit 1.0? That's what reddit used to be, and reddit got quite popular when it was like that.

Re: Twitter set to accept Musk's $43B offer – sources

#619

Post by draaglom »

jypepin wrote: post #614

So, how does that work for current stock holders and employees? If you own Twitter stock, will it be automatically sold at 43b val? And twitter will get out of public markets? For employees, are they pretty much seeing their comp getting divided by 2 because now they can't sell the stocks/rsus they vest every quarter?

I've seen two options floated:

- replace RSUs with cash payments on same vesting schedule @ equivalent of final sale price

- keep RSUs despite being private (apparently SpaceX issues RSUs just fine & has regular liquidity events)

Re: Twitter set to accept Musk's $43B offer – sources

#620

Post by colechristensen »

jypepin wrote: post #614

So, how does that work for current stock holders and employees? If you own Twitter stock, will it be automatically sold at 43b val? And twitter will get out of public markets? For employees, are they pretty much seeing their comp getting divided by 2 because now they can't sell the stocks/rsus they vest every quarter?

For stockholders I believe it would happen as a “corporate action” like a stock split but instead overnight the shares in your account would be exchanged for cash. Not exactly the same workflow as a sell.
Post reply on HN