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Elon Musk owns Twitter: The story so far

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Re: Elon Musk owns Twitter: The story so far

#411

I said that Musk would never own Twitter, and that it seemed like a drunken bar bet to me. His later actions seemed to signal that he was trying to weasel out of the deal. I concede that I was wrong. However, it still seems like and act of hubris gone wrong to me. The terms of the financing of the acquisition look nasty.

From what I heard he bought twitter months ago. The drama since then was about whether he'll need to be taken to court to pay for it and recieve the package.

Re: Elon Musk owns Twitter: The story so far

#413

I said that Musk would never own Twitter, and that it seemed like a drunken bar bet to me. His later actions seemed to signal that he was trying to weasel out of the deal. I concede that I was wrong. However, it still seems like and act of hubris gone wrong to me. The terms of the financing of the acquisition look nasty.

Oh, it totally is. All the weird performative porcelain stunts won't change the fact that he tried like hell to back out.

He just escalated things too far before he realized what he was doing.

So now he's acting like everything's all cool now so people stop talking about what a colossal clusterfuck this entire thing was.

Re: Elon Musk owns Twitter: The story so far

#415

Earlier quoted context omitted.

I think it's going to be more in the other direction. He really hates the bots, so he'll probably close up the API. Until bots gets solved, no developer should expect the API to open up.

The problem isn't the bots, the problem is the lack of differentiation between bots and real accounts. I say open up the API and let people make whatever bots they wish, but if you tweet through the API then you get a big "BOT" tag next to your username on the feed.

With an open API, you even open up the door to "moderation bots" that autoban users from your timeline if they appear to be bots

Hmm...this may turn into "Ban speech from my account that's promoting right/left wing agenda" moderation bots

Let the bot wars begin

Re: Elon Musk owns Twitter: The story so far

#416
post #353

The reason why Musk eventually bought Twitter, when he did, and at the price he paid, was to avoid having to testify under oath in the lawsuit against him. He was going to be deposed, exposed, and in the end he was also going to lose and suffer the indignity of having to pay a high price for something he fiercely said he didn't want anymore. Better bite the bullet earlier than later. Now that doesn't explain why he w…

I view Elon's purchase of Twitter the same as other ultra wealthy people that purchase a news or media business (The Atlantic - Laurene Powell, Washington Post - Bezos), a way to shape narratives and control information.

The question is, was a new media platform worth the price compared to a "newspaper" or magazine?

Re: Elon Musk owns Twitter: The story so far

#417
post #353

The reason why Musk eventually bought Twitter, when he did, and at the price he paid, was to avoid having to testify under oath in the lawsuit against him. He was going to be deposed, exposed, and in the end he was also going to lose and suffer the indignity of having to pay a high price for something he fiercely said he didn't want anymore. Better bite the bullet earlier than later. Now that doesn't explain why he w…

> If he can simply wait for Twitter to be worth as much as he paid for it, so that he can sell it again and cover his losses, that will be a fairly good outcome. This is a leveraged buyout. That means that $13 Billion was borrowed from Morgan Stanley to make this deal happen, and Twitter is the owner of that debt. Estimates are ~$1.3 Billion / year in interest payments (the most risky $3 Billion is unsecured loans, e…

One "cost savings" will come in the form of employee layoffs and then the following payroll reductions. IF twitter retains it's advertisers and continues to add additional advertisers this will make it profitable in short order. In fact, if I was in the marketing division at twitter I would be drumming up business.

Re: Elon Musk owns Twitter: The story so far

#418

Prediction: Brain drain at Twitter begins as Elon starts enacting unpopular policies. Valuation tanks. Morale becomes non-existent and Twitter slowly starts to fade from existence while competitors begin to fill the void. I give it 3-5 years before it's gone full husk.

I plan on applying to work for Twitter now that it supports free speech. I’d like to think I can provide a net positive to the org with 15 years experience as a developer, founder and CTO. Maybe it’ll end up being a net zero brain swap.

This is a honest question. Why do people talk about "free speech" because there is no such thing outside of 1st Amendment which is to ensure that Govt. cannot do anything to an individual. For private businesses, where is this free speech coming from ? Twitter banning someone (whether you agree or disagree) is not a violation of free speech unless the definition has changed.

Re: Elon Musk owns Twitter: The story so far

#419

We can argue about free speech & all that jazz to no end. But at the end of the day it's as simple as not banning elected officials. I don't care how divisive they are, we need to know what they say and do. These are people chosen by the people whether you love or hate them. Secondly, I just visited Twitter today and at the top it has statements about false accusations and fact checking prominently displayed. I follo…

It's not like the news media stopped quoting every little controversial thing Trump said after he was banned from Twitter... they thrive on sensationalism. The only thing that's stopped him from being quoted even more is that he's no longer President, so for anything unrelated to his lawsuits or his potential run for Presidency it matters a lot less what he says. If the Republicans do poorly in the midterms and/or th…

Trump wasn't the only elected official removed. I just don't think the president of the U.S. or any democratically elected official should be removed from a public platform such as this.

Re: Elon Musk owns Twitter: The story so far

#420
post #353

The reason why Musk eventually bought Twitter, when he did, and at the price he paid, was to avoid having to testify under oath in the lawsuit against him. He was going to be deposed, exposed, and in the end he was also going to lose and suffer the indignity of having to pay a high price for something he fiercely said he didn't want anymore. Better bite the bullet earlier than later. Now that doesn't explain why he w…

I've read some speculation that Musk did it because he wanted to dump a bunch of Tesla stock without tanking its price (with the justification being to help fund the Twitter buyout) and thought he could somehow back out of the agreement unscathed.

I have no idea how accurate that is, though, and I'm certainly not a lawyer.

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