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The New Coffee Room

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  3. Elon Musk buys a big chunk of Twitter

Elon Musk buys a big chunk of Twitter

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  • AxtremusA Offline
    AxtremusA Offline
    Axtremus
    wrote on last edited by
    #17

    https://www.reuters.com/technology/exclusive-two-key-tech-execs-quit-truth-social-after-troubled-app-launch-2022-04-04/

    Two “key tech execs” have just quit Truth Social.

    1 Reply Last reply
    • George KG Offline
      George KG Offline
      George K
      wrote on last edited by
      #18

      "Now look here, you Baltic gas passer... " - Mik, 6/14/08

      The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

      1 Reply Last reply
      • HoraceH Offline
        HoraceH Offline
        Horace
        wrote on last edited by
        #19

        Does a 10% common stock stake give you control of anything, or access to any privileged information whatsoever? Maybe indirectly, at best.

        Education is extremely important.

        1 Reply Last reply
        • jon-nycJ Online
          jon-nycJ Online
          jon-nyc
          wrote on last edited by
          #20

          Indirectly at best. At 10% he could ask for a board seat and almost certainly get it. He can also make coalitions with other shareholders.

          But he's Elon Musk. So he'll have all kinds of influence.

          You were warned.

          1 Reply Last reply
          • jon-nycJ Online
            jon-nycJ Online
            jon-nyc
            wrote on last edited by jon-nyc
            #21

            Legally he doesn't get access to material non-public info due to a 15 year old or so regulation that prevents companies from favoring large investors ("Reg FD" for Full Disclosure). Informally that's often not honored.

            You were warned.

            1 Reply Last reply
            • Doctor PhibesD Online
              Doctor PhibesD Online
              Doctor Phibes
              wrote on last edited by
              #22

              The Twitter censorship is weird. Russian chess player Sergey Karjakin is still Tweeting and re-Tweeting the most obnoxious anti-Ukrainian pro-Russian propaganda, talking about Nazi's and all kinds of crap.

              There's no consistency at all.

              Or maybe they don't give a shit about anything other than American politics.

              I was only joking

              HoraceH LuFins DadL 2 Replies Last reply
              • Doctor PhibesD Doctor Phibes

                The Twitter censorship is weird. Russian chess player Sergey Karjakin is still Tweeting and re-Tweeting the most obnoxious anti-Ukrainian pro-Russian propaganda, talking about Nazi's and all kinds of crap.

                There's no consistency at all.

                Or maybe they don't give a shit about anything other than American politics.

                HoraceH Offline
                HoraceH Offline
                Horace
                wrote on last edited by
                #23

                @Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:

                The Twitter censorship is weird. Russian chess player Sergey Karjakin is still Tweeting and re-Tweeting the most obnoxious anti-Ukrainian pro-Russian propaganda, talking about Nazi's and all kinds of crap.

                There's no consistency at all.

                Or maybe they don't give a shit about anything other than American politics.

                Twitter censorship is not ideological but capitalistic. You just have to factor in that the customers are tribal regarding American culture wars, and currently in the throes of an economic cancelation fetish.

                Education is extremely important.

                1 Reply Last reply
                • JollyJ Offline
                  JollyJ Offline
                  Jolly
                  wrote on last edited by
                  #24

                  Trump back to Twitter?

                  “Cry havoc and let slip the DOGE of war!”

                  Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                  X 1 Reply Last reply
                  • JollyJ Jolly

                    Trump back to Twitter?

                    X Offline
                    X Offline
                    xenon
                    wrote on last edited by
                    #25

                    @Jolly said in Elon Musk buys a big chunk of Twitter:

                    Trump back to Twitter?

                    It feels like he's lost it. He's said plenty of controversial things in the last couple of years - people don't really seem to care like they used to. Myself included. I haven't read maybe a handful of Trump stories in the past few months.

                    JollyJ 1 Reply Last reply
                    • taiwan_girlT Offline
                      taiwan_girlT Offline
                      taiwan_girl
                      wrote on last edited by
                      #26

                      Meanwhile, Roger Stone, close friend of President Trump, says he is being censored on Truth Social. I thought that Truth Social was formed so that they would be free from censorship?

                      (https://www.independent.co.uk/news/world/americas/us-politics/roger-stone-trump-social-censored-b2050666.html)

                      1 Reply Last reply
                      • X xenon

                        @Jolly said in Elon Musk buys a big chunk of Twitter:

                        Trump back to Twitter?

                        It feels like he's lost it. He's said plenty of controversial things in the last couple of years - people don't really seem to care like they used to. Myself included. I haven't read maybe a handful of Trump stories in the past few months.

                        JollyJ Offline
                        JollyJ Offline
                        Jolly
                        wrote on last edited by
                        #27

                        @xenon said in Elon Musk buys a big chunk of Twitter:

                        @Jolly said in Elon Musk buys a big chunk of Twitter:

                        Trump back to Twitter?

                        It feels like he's lost it. He's said plenty of controversial things in the last couple of years - people don't really seem to care like they used to. Myself included. I haven't read maybe a handful of Trump stories in the past few months.

                        I dunno.

                        Presidential race will start right after the Midterms.

                        “Cry havoc and let slip the DOGE of war!”

                        Those who cheered as J-6 American prisoners were locked in solitary for 18 months without trial, now suddenly fight tooth and nail for foreign terrorists’ "due process". — Buck Sexton

                        1 Reply Last reply
                        • Doctor PhibesD Doctor Phibes

                          The Twitter censorship is weird. Russian chess player Sergey Karjakin is still Tweeting and re-Tweeting the most obnoxious anti-Ukrainian pro-Russian propaganda, talking about Nazi's and all kinds of crap.

                          There's no consistency at all.

                          Or maybe they don't give a shit about anything other than American politics.

                          LuFins DadL Offline
                          LuFins DadL Offline
                          LuFins Dad
                          wrote on last edited by
                          #28

                          @Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:

                          The Twitter censorship is weird. Russian chess player Sergey Karjakin is still Tweeting and re-Tweeting the most obnoxious anti-Ukrainian pro-Russian propaganda, talking about Nazi's and all kinds of crap.

                          There's no consistency at all.

                          Or maybe they don't give a shit about anything other than American politics.

                          Well, consider Disney…Right now they are vocally opposing the misnomered “Don’t Say Gay” bill, and at the same time they are expanding operations in Saudi Arabia, Yemen, the Palestinian Authority, and many other countries where being gay results in chemical castration if you’re lucky…

                          The Brad

                          Doctor PhibesD 1 Reply Last reply
                          • LuFins DadL LuFins Dad

                            @Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:

                            The Twitter censorship is weird. Russian chess player Sergey Karjakin is still Tweeting and re-Tweeting the most obnoxious anti-Ukrainian pro-Russian propaganda, talking about Nazi's and all kinds of crap.

                            There's no consistency at all.

                            Or maybe they don't give a shit about anything other than American politics.

                            Well, consider Disney…Right now they are vocally opposing the misnomered “Don’t Say Gay” bill, and at the same time they are expanding operations in Saudi Arabia, Yemen, the Palestinian Authority, and many other countries where being gay results in chemical castration if you’re lucky…

                            Doctor PhibesD Online
                            Doctor PhibesD Online
                            Doctor Phibes
                            wrote on last edited by
                            #29

                            @LuFins-Dad said in Elon Musk buys a big chunk of Twitter:

                            @Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:

                            The Twitter censorship is weird. Russian chess player Sergey Karjakin is still Tweeting and re-Tweeting the most obnoxious anti-Ukrainian pro-Russian propaganda, talking about Nazi's and all kinds of crap.

                            There's no consistency at all.

                            Or maybe they don't give a shit about anything other than American politics.

                            Well, consider Disney…Right now they are vocally opposing the misnomered “Don’t Say Gay” bill, and at the same time they are expanding operations in Saudi Arabia, Yemen, the Palestinian Authority, and many other countries where being gay results in chemical castration if you’re lucky…

                            Yeah, but Disney's always been a bit of a Mickey Mouse operation.

                            I was only joking

                            1 Reply Last reply
                            • KlausK Offline
                              KlausK Offline
                              Klaus
                              wrote on last edited by
                              #30

                              I wonder if Musk would have been allowed (or maybe he did?) to bet on the value of Twitter stocks before he bought the actual stocks. He could presumably make (another) fortune that way.

                              jon-nycJ 1 Reply Last reply
                              • KlausK Offline
                                KlausK Offline
                                Klaus
                                wrote on last edited by
                                #31

                                Ah, so this is why he bought the Twitter stocks:

                                1 Reply Last reply
                                • KlausK Klaus

                                  I wonder if Musk would have been allowed (or maybe he did?) to bet on the value of Twitter stocks before he bought the actual stocks. He could presumably make (another) fortune that way.

                                  jon-nycJ Online
                                  jon-nycJ Online
                                  jon-nyc
                                  wrote on last edited by jon-nyc
                                  #32

                                  @Klaus said in Elon Musk buys a big chunk of Twitter:

                                  I wonder if Musk would have been allowed (or maybe he did?) to bet on the value of Twitter stocks before he bought the actual stocks. He could presumably make (another) fortune that way.

                                  Well in a sense he did that. He acquired a big chunk before it was public that he was buying. So he already had the shares when the price jumped on the news of him buying shares.

                                  You were warned.

                                  KlausK 1 Reply Last reply
                                  • jon-nycJ jon-nyc

                                    @Klaus said in Elon Musk buys a big chunk of Twitter:

                                    I wonder if Musk would have been allowed (or maybe he did?) to bet on the value of Twitter stocks before he bought the actual stocks. He could presumably make (another) fortune that way.

                                    Well in a sense he did that. He acquired a big chunk before it was public that he was buying. So he already had the shares when the price jumped on the news of him buying shares.

                                    KlausK Offline
                                    KlausK Offline
                                    Klaus
                                    wrote on last edited by
                                    #33

                                    @jon-nyc said in Elon Musk buys a big chunk of Twitter:

                                    @Klaus said in Elon Musk buys a big chunk of Twitter:

                                    I wonder if Musk would have been allowed (or maybe he did?) to bet on the value of Twitter stocks before he bought the actual stocks. He could presumably make (another) fortune that way.

                                    Well in a sense he did that. He acquired a big chunk before it was public that he was buying. So he already had the shares when the price jumped on the news of him buying shares.

                                    Yes, but he would need to sell those stocks again to make a profit. He could pull this off only once - next time investors would not fall for this again.

                                    But if he'd buy stock options before buying the actual stock, he could make a nice profit without having to sell the stocks.

                                    1 Reply Last reply
                                    • jon-nycJ Online
                                      jon-nycJ Online
                                      jon-nyc
                                      wrote on last edited by
                                      #34

                                      That’s true.

                                      You were warned.

                                      1 Reply Last reply
                                      • George KG Offline
                                        George KG Offline
                                        George K
                                        wrote on last edited by
                                        #35

                                        Screen Shot 2022-04-05 at 6.15.22 AM copy.jpg

                                        "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                                        The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                                        1 Reply Last reply
                                        • jon-nycJ Online
                                          jon-nycJ Online
                                          jon-nyc
                                          wrote on last edited by
                                          #36

                                          I have wondered at what point will we see some twitter employees walk

                                          You were warned.

                                          George KG JollyJ 2 Replies Last reply
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