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.
Elon Musk owns Twitter: The story so far
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Re: Elon Musk owns Twitter: The story so far
#412Re: Elon Musk owns Twitter: The story so far
#413I 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.
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
#414Re: Elon Musk owns Twitter: The story so far
#415Earlier 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.
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
#416The 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…
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
#417The 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…
Re: Elon Musk owns Twitter: The story so far
#418Prediction: 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.
Re: Elon Musk owns Twitter: The story so far
#419We 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…
Re: Elon Musk owns Twitter: The story so far
#420The 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 have no idea how accurate that is, though, and I'm certainly not a lawyer.