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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

#81

Does Elon Musk own Twitter, or does a group of bankers orchestrated by him jointly own it with him?

Musk himself owns it. He is now the CEO of the place

He might be the majority shareholder, but there is a known syndicate of coinvestors so he does not own it all himself - much of this is public information.

Re: Elon Musk owns Twitter: The story so far

#82
post #41

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.

You’re wrong, as a staunch advocate of free speech on the web and as a near victim of cancel culture I would gladly work at twitter as long as I were paid more than what I earn now, and I’m sure many people would feel the same. Twitter was already a crappy place to work before Elon with all its woke polítics, now though it may become more tolerable.

"as long as I were paid more than what I earn now" is such a funny term to include. There's a lot of places I'd consider working if they offered me a raise!

Re: Elon Musk owns Twitter: The story so far

#83

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.

With a strong vision for freedom of speech and actual value enforcement (edit: of the transparency value, not just start censoring the other side), it would attract the right people. We can argue the recent dilution of Twitter's values to meddle with U.S. politics was the actual brain drain.

I propose a new term for the "Free speech" to say whatever hateful, bad-faith, trolling and ignorant thing anyone wants to say on someone else's website: "Platform entitlement".

>With a strong vision for platform entitlement and actual value enforcement, it would attract the right people. We can argue the recent dilution of Twitter's values to meddle with U.S. politics was the actual brain drain.

After all, the ideological concept of "free speech" as is commonly used in the United States and regarding political freedom is the freedom from government persecution to say whatever you want. It is being transformed by propagandists and those who would see our democracy crumble to mean "being allowed to freeload off of dominant viral message boards to spread whatever misinformation is deemed beneficial to my worldview".

I respect the idea that the Internet is a prerequisite to effective political speech in the Western world for audiences larger than a small town. I believe that certain layers of the World Wide Web, namely DNS/TLS/Network/Hosting do have a "common carrier" obligation to some extent which should possibly be codified.

I do, however, take issue with the idea that individual websites currently have any obligation to be "neutral", though I do believe in being transparent in any potential bias. I also believe it's misleading to call taking down trolls and bad faith bots as "biased".

To be straight to the point, I honestly doubt the motive of anyone who actively criticizes about free speech issues on twitter, given the kinds of democracy-destroying people who have been largely affected by their moderation policies.

Re: Elon Musk owns Twitter: The story so far

#84

He literally said it will not be a free for all. He may be chaotic, but he's not stupid. There is a huge difference between no moderation (anarchy), and not targeting conservative voices solely based on ideology.

There are tons of conservative voices on Twitter.

Re: Elon Musk owns Twitter: The story so far

#85

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.

If this is a normal Silicon Valley deal, until Twitter relists or sells the valuation at vest of the already granted RSUs will be $54.20. So from an employee perspective the valuation will stay high.

Re: Elon Musk owns Twitter: The story so far

#86
post #8

It can be great for freedom of speech. Hopefully, it won't distract Elon too much from SpaceX, Tesla, and other important work. I still don't get how he managed to be CEO of multiple high-complexity companies. It's already not easy to be CEO of just one.

[deleted]

Re: Elon Musk owns Twitter: The story so far

#88

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.

Brain drain? Twitter stock basically hasnt appreciated since IPO. They have been treading water for a decade, what brains are there providing value?

Whoever decided to kill Vine certainly created a lot of value for TikTok, Instagram via Reels, and YouTube via Shorts.

Re: Elon Musk owns Twitter: The story so far

#89

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.

Predictions: Few stunts and free advertising for Teslas

Starlink gives free twitter access for everyone in the world, without internet access required, basically what FB tried to do.

Elon starts loving ads xD

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