131–140 of 1001 posts
One possible effect of his craziness is that the banks that helped finance the buyout, thinking that Musk is driving the value of Twitter down to zero, will agree to sell the loans back to him at a big loss. Better to get 50% of their money back than nothing at all.
I want to say this isn't 100% unexpected (some people show true behaviour openly only once they have nothing to lose). However, this does indicate a very deep flaw in our existing society i.e. giving certain individuals too much power; either via their job position or capital. This is why I think we should have higher tax rates and prevent at least an individual just to gain too much control by their capital. I would even be ok with 50%-100% tax rate above 100 million dollars net worth. There needs to be less imbalance in society, not more.
PS: Also I had divested away from individual Tesla stocks a year or so ago.
> TechCrunch tweeted at Twitter’s new head of trust and safety for comment on the situation and will update this story if we hear back. Hmm. I guess there's not a number they can call or email to try.
Difficult not to see this as anything other petulance. It's Musk's site and he's free to do whatever he wants with it, but this seems squarely against "any legal speech will be allowed"
Not that this is a good defense, but I think "genuinely scared for his or his child's safety" is a real possibility. Especially if he (rightly or wrongly, no comment there) thinks someone threatened his child... well, protecting your children is one of the more powerful instincts humans have, one of the handful powerful enough to outweigh an ego like Elon's. Plus he has to be at least a little frazzled by Twitter hav…
@JoinMastodon has also been suspended which is amusing.
> Twitter took action against Mastodon after the account linked to the Mastodon page of @ElonJet, a student-made bot that tracks the whereabouts of Musk’s private jet.
So this is how Twitter goes out: not with a bang but with a seemingly endless stream of stories about the little ways Elon is ruining the service each day. Just staggers me that Elon could have just… not done any of this. And yet here we are. He’s had to sell billions in Tesla stock to finance this ongoing mayhem, this is surely going to be up there as one of the greatest examples of hubris in modern business.
Elon is certainly awful for all that he’s doing, but couldn’t Twitter have simply told him to buzz off when he proposed buying the company instead of taking legal action to ensure he did it? People up top were eager to cash out at the expense of all the employees under them. That’s equally disgusting to me.
> While we don’t know what’s going on here yet, it’s possible that the suspensions are the result of automated content moderation gone awry. Some of the suspended accounts shared Mastodon and ElonJet’s Twitter handles as well as images of the tweet that appears to have gotten the former account suspended. Automation gone crazy. I'm likely to believe this explanation rather than Musk personally hitting the "suspend" b…
> I'm likely to believe this explanation rather than Musk personally hitting the "suspend" button on stuff he doesn't like. It’s amazing to me that despite despite several data points showing Musk would be capable of doing this, people are still giving him the benefit of the doubt. That’s the power of personal branding.