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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

#361

Just to verify that I understood the concept I looked up the definition of "hostile takeover" from various places, its common theme is taking over a company without approval of the board. The actual offer states [0]: >As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was pub…

Any hostile takeover becomes non-hostile if the board/shareholders acquiesce.

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

#362
For $1B he could make an exact twitter clone, and he could probably do it for much less than that. You might say, yes, but he's paying for the brand, and no one would use his clone. He could pay for a flood of advertising and other promotions to get people to switch. He could pay 42,000,000 people $1000 each to switch to his twitter clone.

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

#363

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…

In a way we're fortunate that the descent down the slippery slope happened far faster than we could have imagined. We went from "we'll only use these powers to censor the flat earthers" to country's major social media companies blacking out a damaging story about the former Vice President's son moments before the highest turnout election in American history: https://www.npr.org/2022/04/09/1091859822/more-details-emerg....

The basic problem with the notion of "censoring misinformation" and even "fact checking" is that the "flat earth" stuff isn't really what anyone cares about. It's the debatable stuff that people have the desire and incentive to censor. That's always the way it works out.

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

#364
Why is this discussion only about the free speech on the internet? This is a business news story about an SEC filing. There is certainly other possible interesting discussions in regards to the financial aspects of this story.

If it cannot happen here in this discussion, HN should not be so quick to flag/dupe/dead the other submissions which are from other business or news publications.

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

#365

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…

I don't agree with Twitter's moderation, but how exactly are we losing the freedom of speech?

Whiners are free to demand companies to boycott Twitter ads when they see a tweet they don't like. The companies are free to stop buying ads from Twitter. Twitter is free to appease these whiners by moderating speech the way they want it, so they don't lose out on revenue. Elon Musk is free to disagree with that business strategy and buy 10% of Twitter.

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

#368
post #2

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 yo…

> TikTok successfully serves you new content - doesn't think that just because you liked a cat you want cats and cats only.

I agree with most of your comment - but tiktok might be a terrible example:

"One App – Two Worlds: This Is TikTok in Russia and Ukraine (nrk.no)"

https://news.ycombinator.com/item?id=30917474

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

#370
post #126

As somebody from the first world who has had the experience of moderating Internet forums… free speech in the sense of “the government generally shouldn’t control people’s speech, with limited exceptions” is good and necessary. Free speech in the sense of “everybody should be forced to platform every idea” is silly IMO. Left alone user content rapidly devolves into the most low-effort salient content - flame wars, po…

> “everybody should be forced to platform every idea”

Not everybody should have to, but the behemoths that are the only thing that resembles a public square today, e.g., Facebook, Twitter, YouTube, and Reddit, should have to.

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