Elon Musk buys a big chunk of Twitter
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Twitter changes description on Blue Check Mark
https://news.yahoo.com/elon-musk-changes-twitter-blue-143900665.html
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Twitter Is Now Worth Just 33% of Elon Musk’s Purchase Price
Twitter is now worth just one-third of what Elon Musk paid for the social-media platform, according to Fidelity, which recently marked down the value of its equity stake in the company.
Musk has acknowledged he overpaid for Twitter, which he bought for $44 billion, including $33.5 billion in equity. More recently, he said Twitter is worth less than half what he paid for it. It’s unclear how Fidelity arrived at its new, lower valuation or whether it receives any non-public information from the company.
Fidelity first reduced the value of its Twitter stake in November, to 44% of the purchase price. That was followed by further markdowns in December and February.
Twitter has struggled financially since Musk took over. After saddling the company with $13 billion of debt, Musk’s erratic decision making and challenges with content moderation led advertising revenue to decline by 50%, Musk said in March. An attempt to recoup that revenue by selling Twitter Blue subscriptions has so far failed to take off. At the end of March, less than 1% of Twitter’s monthly users had signed up.
Twitter didn’t specifically respond to a request for comment.
Musk’s investment in Twitter is now worth $8.8 billion, according to the Bloomberg Billionaires Index, which uses Fidelity’s valuation to calculate the value of his holding. Musk spent more than $25 billion to acquire an estimated 79% stake in the company last year.
The latest markdown erases about $850 million from Musk’s $187 billion fortune, according to the index. Despite Twitter’s issues, Musk’s wealth is up more than $48 billion this year, largely due to a 63% surge in Tesla Inc.’s share price.
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https://reuters.com/technology/twitters-head-trust-safety-says-she-has-resigned-2023-06-02/
June 1 (Reuters) - Twitter's head of trust and safety, Ella Irwin, told Reuters on Thursday that she has resigned from the social media company.
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Deadbeat Twitter?
Report: Twitter is refusing to pay its Google Cloud bills.
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Musk asks banned youtubers to upload their videos to Twitter:
I guess he's not actually all talk when it comes to free speech.
It requires no hard decisions or business sacrifices, to be more free-speech than the authoritarian, progressive-controlled moderation practices of Youtube. This is low hanging fruit, and I hope it takes a bite out of youtube. They have some pruning to do among their employees responsible for moderation practices.
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Deadbeat Twitter?
Twitter refuses to pay for arbitration it forced on 891 ex-employees, suit says
Twitter forced its ex-employees into arbitration, yet itself refused to pay the fees for arbitration.
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@Horace said in Elon Musk buys a big chunk of Twitter:
I guess he's not actually all talk when it comes to free speech.
He's suppressing conversations on Twitter about Threads if those conversations portray the new platform in a positive light. Wasn't showing up on trending topics, either, when it's the fastest growing platform basically ever.
Please love yourself.
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@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
I guess he's not actually all talk when it comes to free speech.
He's suppressing conversations on Twitter about Threads if those conversations portray the new platform in a positive light. Wasn't showing up on trending topics, either, when it's the fastest growing platform basically ever.
He's allowed to protect his business interests. Zuckerberg thinks his more policed version of Twitter is in his best business interest. We'll see which one wins. But Musk isn't obligated to platform advertisements or word of mouth for the competition.
Education is extremely important.
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@Horace said in Elon Musk buys a big chunk of Twitter:
@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
I guess he's not actually all talk when it comes to free speech.
He's suppressing conversations on Twitter about Threads if those conversations portray the new platform in a positive light. Wasn't showing up on trending topics, either, when it's the fastest growing platform basically ever.
He's allowed to protect his business interests. Zuckerberg thinks his more policed version of Twitter is in his best business interest. We'll see which one wins. But Musk isn't obligated to platform advertisements or word of mouth for the competition.
He's totally allowed to do that. And Tweet "Zuck is a cuck" to his heart's content. But neither of them give a damn about free speech. They're not in the free speech business.
Please love yourself.
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@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
I guess he's not actually all talk when it comes to free speech.
He's suppressing conversations on Twitter about Threads if those conversations portray the new platform in a positive light. Wasn't showing up on trending topics, either, when it's the fastest growing platform basically ever.
He's allowed to protect his business interests. Zuckerberg thinks his more policed version of Twitter is in his best business interest. We'll see which one wins. But Musk isn't obligated to platform advertisements or word of mouth for the competition.
He's totally allowed to do that. And Tweet "Zuck is a cuck" to his heart's content. But neither of them give a damn about free speech. They're not in the free speech business.
You can be completely cynical about it if you want. Business will be prioritized over principle time and again I'm sure, but humans are allowed some principle to color their actions, even in business. I suspect Musk saw a business opportunity in allowing more free speech on Twitter, and I suspect he considered that a win/win, rather than a win/doesn't matter.
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@Horace said in Elon Musk buys a big chunk of Twitter:
@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
I guess he's not actually all talk when it comes to free speech.
He's suppressing conversations on Twitter about Threads if those conversations portray the new platform in a positive light. Wasn't showing up on trending topics, either, when it's the fastest growing platform basically ever.
He's allowed to protect his business interests. Zuckerberg thinks his more policed version of Twitter is in his best business interest. We'll see which one wins. But Musk isn't obligated to platform advertisements or word of mouth for the competition.
He's totally allowed to do that. And Tweet "Zuck is a cuck" to his heart's content. But neither of them give a damn about free speech. They're not in the free speech business.
You can be completely cynical about it if you want. Business will be prioritized over principle time and again I'm sure, but humans are allowed some principle to color their actions, even in business. I suspect Musk saw a business opportunity in allowing more free speech on Twitter, and I suspect he considered that a win/win, rather than a win/doesn't matter.
If you're placing your business interests above free speech, then you aren't for free speech, you're for your business interests, which may include selling the idea of free speech to the public.
Please love yourself.
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@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
I guess he's not actually all talk when it comes to free speech.
He's suppressing conversations on Twitter about Threads if those conversations portray the new platform in a positive light. Wasn't showing up on trending topics, either, when it's the fastest growing platform basically ever.
He's allowed to protect his business interests. Zuckerberg thinks his more policed version of Twitter is in his best business interest. We'll see which one wins. But Musk isn't obligated to platform advertisements or word of mouth for the competition.
He's totally allowed to do that. And Tweet "Zuck is a cuck" to his heart's content. But neither of them give a damn about free speech. They're not in the free speech business.
You can be completely cynical about it if you want. Business will be prioritized over principle time and again I'm sure, but humans are allowed some principle to color their actions, even in business. I suspect Musk saw a business opportunity in allowing more free speech on Twitter, and I suspect he considered that a win/win, rather than a win/doesn't matter.
If you're placing your business interests above free speech, then you aren't for free speech, you're for your business interests, which may include selling the idea of free speech to the public.
Until a couple years ago, free speech coexisted peacefully with business decisions. Now to you it’s unthinkable that they could coexist. I would suggest that as soon as musk considers himself uncancelable, as he probably does, he can go ahead and be a bog standard American and actually place some value on free speech, like literally everybody you ever met, until recently. Ok maybe not literally.
Education is extremely important.
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@Horace said in Elon Musk buys a big chunk of Twitter:
@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
I guess he's not actually all talk when it comes to free speech.
He's suppressing conversations on Twitter about Threads if those conversations portray the new platform in a positive light. Wasn't showing up on trending topics, either, when it's the fastest growing platform basically ever.
He's allowed to protect his business interests. Zuckerberg thinks his more policed version of Twitter is in his best business interest. We'll see which one wins. But Musk isn't obligated to platform advertisements or word of mouth for the competition.
He's totally allowed to do that. And Tweet "Zuck is a cuck" to his heart's content. But neither of them give a damn about free speech. They're not in the free speech business.
You can be completely cynical about it if you want. Business will be prioritized over principle time and again I'm sure, but humans are allowed some principle to color their actions, even in business. I suspect Musk saw a business opportunity in allowing more free speech on Twitter, and I suspect he considered that a win/win, rather than a win/doesn't matter.
If you're placing your business interests above free speech, then you aren't for free speech, you're for your business interests, which may include selling the idea of free speech to the public.
Until a couple years ago, free speech coexisted peacefully with business decisions. Now to you it’s unthinkable that they could coexist.
I think that would be apparent to anyone paying the least bit of attention to anything in the past 15 years.
I would suggest that as soon as musk considers himself uncancelable, as he probably does, he can go ahead and be a bog standard American and actually place some value on free speech, like literally everybody you ever met, until recently. Ok maybe not literally.
I have no idea what you're talking about. Everyone I know places a high degree of value on the opinions they like not being censored, which isn't free speech at all.
And to call Twitter a "free speech platform" is ridiculous to the point of not worth explaining.
Please love yourself.
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@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
I guess he's not actually all talk when it comes to free speech.
He's suppressing conversations on Twitter about Threads if those conversations portray the new platform in a positive light. Wasn't showing up on trending topics, either, when it's the fastest growing platform basically ever.
He's allowed to protect his business interests. Zuckerberg thinks his more policed version of Twitter is in his best business interest. We'll see which one wins. But Musk isn't obligated to platform advertisements or word of mouth for the competition.
He's totally allowed to do that. And Tweet "Zuck is a cuck" to his heart's content. But neither of them give a damn about free speech. They're not in the free speech business.
You can be completely cynical about it if you want. Business will be prioritized over principle time and again I'm sure, but humans are allowed some principle to color their actions, even in business. I suspect Musk saw a business opportunity in allowing more free speech on Twitter, and I suspect he considered that a win/win, rather than a win/doesn't matter.
If you're placing your business interests above free speech, then you aren't for free speech, you're for your business interests, which may include selling the idea of free speech to the public.
Until a couple years ago, free speech coexisted peacefully with business decisions. Now to you it’s unthinkable that they could coexist.
I think that would be apparent to anyone paying the least bit of attention to anything in the past 15 years.
I would suggest that as soon as musk considers himself uncancelable, as he probably does, he can go ahead and be a bog standard American and actually place some value on free speech, like literally everybody you ever met, until recently. Ok maybe not literally.
I have no idea what you're talking about. Everyone I know places a high degree of value on the opinions they like not being censored, which isn't free speech at all.
And to call Twitter a "free speech platform" is ridiculous to the point of not worth explaining.
I get that you’re not inclined towards granting nuance to any opposing viewpoint. I’m aware you can poke holes in the straw man that Twitter or Musk are free speech absolutists. I remain convinced that most people value free speech in principle, though less so in our crazy tribal culture where it’s become associated with the evil conservatives. I remain convinced Musk is one of those people who values it. You can consider him to be whatever capitalist caricature you please.
Education is extremely important.
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@Horace said in Elon Musk buys a big chunk of Twitter:
@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
I guess he's not actually all talk when it comes to free speech.
He's suppressing conversations on Twitter about Threads if those conversations portray the new platform in a positive light. Wasn't showing up on trending topics, either, when it's the fastest growing platform basically ever.
He's allowed to protect his business interests. Zuckerberg thinks his more policed version of Twitter is in his best business interest. We'll see which one wins. But Musk isn't obligated to platform advertisements or word of mouth for the competition.
He's totally allowed to do that. And Tweet "Zuck is a cuck" to his heart's content. But neither of them give a damn about free speech. They're not in the free speech business.
You can be completely cynical about it if you want. Business will be prioritized over principle time and again I'm sure, but humans are allowed some principle to color their actions, even in business. I suspect Musk saw a business opportunity in allowing more free speech on Twitter, and I suspect he considered that a win/win, rather than a win/doesn't matter.
If you're placing your business interests above free speech, then you aren't for free speech, you're for your business interests, which may include selling the idea of free speech to the public.
Until a couple years ago, free speech coexisted peacefully with business decisions. Now to you it’s unthinkable that they could coexist.
I think that would be apparent to anyone paying the least bit of attention to anything in the past 15 years.
I would suggest that as soon as musk considers himself uncancelable, as he probably does, he can go ahead and be a bog standard American and actually place some value on free speech, like literally everybody you ever met, until recently. Ok maybe not literally.
I have no idea what you're talking about. Everyone I know places a high degree of value on the opinions they like not being censored, which isn't free speech at all.
And to call Twitter a "free speech platform" is ridiculous to the point of not worth explaining.
I get that you’re not inclined towards granting nuance to any opposing viewpoint.
Good night, Horace.
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Twitter is dying. Policing women’s bodies is keeping it alive.
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@Axtremus said in Elon Musk buys a big chunk of Twitter:
Twitter is dying. Policing women’s bodies is keeping it alive.
Wow. A gossip rag piece, and a conversation about the gossip rag piece with a -studies professor, all wrapped up in a non-sequitur about Twitter dying. Vox journalism at its finest.
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"Elon Musk launched his long-teased artificial intelligence startup xAI on Wednesday, unveiling a team made up of engineers from the same big U.S. technology firms that he hopes to challenge in his bid to build an alternative to ChatGPT."
