Elon Musk $41B offer for Twitter

[pquinn]

BoRED S2upid said:

He doesn’t need the cash to buy it. Buy it with debt. Worked for him before.

So where'd he raise the debt to take a continuously loss making business private at a big margin over current value, with no obvious plan in the takeover to do anything useful with it or to improve it and no obvious synergies in the takeover?

So far it's just 'Elon Musk!' and a load of huh huh huh.

[Byker28i]

grumbledoak said:

Hostile take-over by free speech absolutist -
https://timesofindia.indiatimes.com/business/inter...

If successful, that is going to be a seismic change in the media landscape.

The Gruniad don't like it, natch.

Neither do others
Musk’s version of free speech, in practice, seems to be one in which only powerful people can say what they please and escape any negative consequences.
https://www.theatlantic.com/technology/archive/202...

[CarCrazyDad]

essayer said:

So basically using his social media clout he’s turned an investment of $2.8bn into $3.3bn in a few weeks

He upped BTC price by 20% in 2021

[grumbledoak]

Byker28i said:

Neither do others
Musk’s version of free speech, in practice, seems to be one in which only powerful people can say what they please and escape any negative consequences.
https://www.theatlantic.com/technology/archive/202...

Screams from all the right people.

[nick30]

Great news. Reminds me of..

[IAmTheWalrus]

Be far easier for a man of his wealth to make a new site with similar features and assure people they wont get censored.

[nick30]

This is hilarious…

[grumbledoak]

IAmTheWalrus said:

Be far easier for a man of his wealth to make a new site with similar features and assure people they wont get censored.

It would certainly be cheaper.

But you have to persuade people to move. This is probably easy enough for those who have been censored on Twitter, but those who have not will have a lot of inertia. Meanwhile, any alternates that do start up get marginalized and smeared on Twitter and in the MSM, who have reacted to social media taking their audience by controlling that too.

[OutInTheShed]

grumbledoak said:

IAmTheWalrus said:

Be far easier for a man of his wealth to make a new site with similar features and assure people they wont get censored.

It would certainly be cheaper.

But you have to persuade people to move. This is probably easy enough for those who have been censored on Twitter, but those who have not will have a lot of inertia. Meanwhile, any alternates that do start up get marginalized and smeared on Twitter and in the MSM, who have reacted to social media taking their audience by controlling that too.

If Musk buys twitter and starts filling it with his personal flavour of drivel, will current users desert it?

[nick30]

OutInTheShed said:

If Musk buys twitter and starts filling it with his personal flavour of drivel, will current users desert it?

What is it he has said that you think is ‘drivel’?

[giveitfish]

Byker28i said:

grumbledoak said:

Hostile take-over by free speech absolutist -
https://timesofindia.indiatimes.com/business/inter...

If successful, that is going to be a seismic change in the media landscape.

The Gruniad don't like it, natch.

Neither do others
Musk’s version of free speech, in practice, seems to be one in which only powerful people can say what they please and escape any negative consequences.
https://www.theatlantic.com/technology/archive/202...

Yup, he's incredibly thin skinned. Remember what happened when his grandstanding was rebuffed by the guys rescuing those kids from the caves? When he says "free speech", he means his own free speech.

[dmahon]

giveitfish said:

Yup, he's incredibly thin skinned. Remember what happened when his grandstanding was rebuffed by the guys rescuing those kids from the caves? When he says "free speech", he means his own free speech.

The man is a genius, but I can never respect him after calling the rescuer paedo guy so publically. He sounded like a spoiled autistic kid.

[Byker28i]

giveitfish said:

Byker28i said:

grumbledoak said:

Hostile take-over by free speech absolutist -
https://timesofindia.indiatimes.com/business/inter...

If successful, that is going to be a seismic change in the media landscape.

The Gruniad don't like it, natch.

Neither do others
Musk’s version of free speech, in practice, seems to be one in which only powerful people can say what they please and escape any negative consequences.
https://www.theatlantic.com/technology/archive/202...

Yup, he's incredibly thin skinned. Remember what happened when his grandstanding was rebuffed by the guys rescuing those kids from the caves? When he says "free speech", he means his own free speech.

he has said he wants it to be a platform for all free speech, where anyone can say anything.

His two letters were published, the public and the private one to the CEO where he says he will buy it all or walk away and withdraw his investment

Wall Street Journal are now reporting that Asset manager Vanguard Group recently upped its stake in the social-media platform and now owns 82.4 million shares of Twitter, or 10.3% of the company, overtaking Elon Musk as Twitter’s largest shareholder
https://www.wsj.com/livecoverage/elon-musk-twitter...

[Dr Jekyll]

Byker28i said:

he has said he wants it to be a platform for all free speech, where anyone can say anything.

His two letters were published, the public and the private one to the CEO where he says he will buy it all or walk away and withdraw his investment

Wall Street Journal are now reporting that Asset manager Vanguard Group recently upped its stake in the social-media platform and now owns 82.4 million shares of Twitter, or 10.3% of the company, overtaking Elon Musk as Twitter’s largest shareholder
https://www.wsj.com/livecoverage/elon-musk-twitter...

Reminds me of the old joke about the libertarian plot to take over the world and leave us alone.


Surely it would be good for diversity for this African/American to take over a huge social media company?

[voyds9]

pquinn said:

BoRED S2upid said:

He doesn’t need the cash to buy it. Buy it with debt. Worked for him before.

So where'd he raise the debt to take a continuously loss making business private at a big margin over current value, with no obvious plan in the takeover to do anything useful with it or to improve it and no obvious synergies in the takeover?

So far it's just 'Elon Musk!' and a load of huh huh huh.

Same place he financed Tesla?

(that took 18years to become profitable)

[Byker28i]

Dr Jekyll said:

Surely it would be good for diversity for this African/American to take over a huge social media company?

Depends on if you agree with his version of free speech?

[eliot]

pump and dump - he won’t buy it

[IAmTheWalrus]

dmahon said:

giveitfish said:

Yup, he's incredibly thin skinned. Remember what happened when his grandstanding was rebuffed by the guys rescuing those kids from the caves? When he says "free speech", he means his own free speech.

The man is a genius, but I can never respect him after calling the rescuer paedo guy so publically. He sounded like a spoiled autistic kid.

Well he did reveal not so long ago he had asperger's,



"Asperger’s Syndrome, a form of Autism Spectrum Disorder, is a developmental disorder"

https://www.nationwidechildrens.org/conditions/asp...

[pquinn]

Dr Jekyll said:

Surely it would be good for diversity for this African/American to take over a huge social media company?

As an African/American he sure seems to have a big problem with other African American workers in his companies, at least if the courts are to be believed.

[nick30]

pquinn said:

As an African/American he sure seems to have a big problem with other African American workers in his companies, at least if the courts are to be believed.

Hang on a minute.

Are you saying he is racist, ‘if courts are to be believed’? Sounds a heavy accusation but interested to hear any proof.