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

reuters.com

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

#41

Post by altacc »

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 market place of ideas. Musk has admitted he doesn't understand people, is a self-confessed troll & edgelord and and Tesla's culture seems less than ideal. So lacks any of the qualifications I see as being needed to run something like Twitter. Maybe there's some other Musk magic that will do what so many others have failed to do.

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

#42

Post by shusaku »

vincentpants wrote: post #15

Gilded Age 2.0

It’s interesting to me because someone like Trump gets frustrated with Twitter, and the best he can do is raise capital for a social network which seems doomed to fail. Musk can just buy twitter. Trump was the president and one of the most influential political figures in the world, but in this regard Musk dwarfs him in terms of power.

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

#43

Post by sudhirj »

afavour wrote: post #14

I feel for the employees of Twitter. Years with a part time CEO whose time was dedicated elsewhere… now they’ll have a new part time owner whose time will be dedicated elsewhere and has a propensity to do weird things for the online lulz.

Obligatory reminder that SpaceX has its own CEO, think the other companies do too. Think Musk actually staffs the orgs pretty well other than Tesla the other companies seem like they’d do fine without him, but him pushing seems to help.

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

#44

Post by Jyaif »

rvz wrote: post #11

Twitter was dying anyway and it needed to be saved from itself. With Jack leaving, earnings around the corner and with this final offer. It was exactly what they needed as if they rejected this only offer, it will certainly crash the stock anyway with little room to recover. As much as the rats don't know where to jump for alternatives perhaps it's better to just sit on the sinking boat to see how far it goes before…

Here's a different perspective: With Jack leaving 6 months ago, the company finally had a chance to thrive.

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

#45

Post by autophagian »

pyaamb wrote: post #40

I feel like people have invested in Elon in large part because of his alignment with i) moving humanity away from fossil fuels and ii) making life multi planetary. He is obviously free to do as he pleases with this new wealth but I cant help but feel this as a huge redirection of resources (in terms of both capital and focus) from those goals

This is perhaps true at a cursory glance, but this will allow him to make even more funny posts on the internet, arguably a more important goal than decarbonization or martian habitation.

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

#46

Post by supernt »

mullingitover wrote: post #2

I feel like we’re going to look back in a couple years and mark this as the beginning of the collapse of Tesla. Musk is already spread thin, now he’s so unfocused and undisciplined that he’s unable to stop himself from buying an irrelevant social media company as an expensive hobby. It’s the height of hubris.

Pressure groups will whip up a tesla boycott on the basis that Elon's not censoring things they don't like.

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

#47

Post by ykevinator2 »

afavour wrote: post #14

I feel for the employees of Twitter. Years with a part time CEO whose time was dedicated elsewhere… now they’ll have a new part time owner whose time will be dedicated elsewhere and has a propensity to do weird things for the online lulz.

No post body was provided.

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

#48

Post by UncleMeat »

pyaamb wrote: post #40

I feel like people have invested in Elon in large part because of his alignment with i) moving humanity away from fossil fuels and ii) making life multi planetary. He is obviously free to do as he pleases with this new wealth but I cant help but feel this as a huge redirection of resources (in terms of both capital and focus) from those goals

Exactly zero of the people I know who are into Musk are into him because of these reasons. Granted, this is a very very very tiny corner of Musk's fans but the people I know are into him because he is "badass" and "sticks it to the man" and things like this.

I think that Musk has an evolved version of Jobs' reality distortion field. The cult of personality is more important than the actual output and he is definitionally "cool" to his followers.

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

#49

Post by hef19898 »

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…

>> He's already said that he'd follow all local laws

Is Twitter available in on of the following countries? China, Saudi-Arabia, Russia, Turkey? Since we know the answer I'm looking forward to see how helping those local governments go after "dissidents" will be aligned with Musk's high ideals of free speech.

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

#50

Post by cloutchaser »

pyaamb wrote: post #40

I feel like people have invested in Elon in large part because of his alignment with i) moving humanity away from fossil fuels and ii) making life multi planetary. He is obviously free to do as he pleases with this new wealth but I cant help but feel this as a huge redirection of resources (in terms of both capital and focus) from those goals

Twitter really is the broadcasting social network for the intellectual elite, so in that way its an extremely important piece of society, however toxic it is right now. Because of that I absolutely agree that it's undervalued and under-utilised for what it's become.

Many many people on twitter would happily pay for it. It's not like Facebook where you have to rely on ads because 90% of users would never pay, and the ones who would you don't want to charge bcause you make $200+ per year off them.

I think Elon understand both these things because of the way he says it's become the defacto public square. It really has for thought leaders. But thought leaders are a completely different market to most social networks.

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