Elon Musk buys a big chunk of Twitter
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@George-K said in Elon Musk buys a big chunk of Twitter:
As I posted earlier, the voices screaming about billionaires buying media companies are silent about Bezos, Bloomberg, et. al.
I’m fairness Bloomberg built his media empire from scratch.
It’s always something.
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@jon-nyc said in Elon Musk buys a big chunk of Twitter:
@George-K said in Elon Musk buys a big chunk of Twitter:
As I posted earlier, the voices screaming about billionaires buying media companies are silent about Bezos, Bloomberg, et. al.
I’m fairness Bloomberg built his media empire from scratch.
OK, true.
Perhaps I should have said "owning media companies."
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The lefties I know freaking hate Jeff Bezos.
He's the billionaire equivalent of the "nice guy" who sends weird, possessive texts after a couple of dates.
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https://www.cnbc.com/2022/04/15/elon-musks-twitter-bid-faces-major-skepticism-on-wall-street-.html
Reactions one day after Musk offered to buy out Twitter - not good, Twitter stock fell, presumably because most investors do not believe that Musk's offer is credible.
Also came across an analysis on Tesla, presumably the only money-generating asset Musk can rely on to finance his Twitter buyout:
Short version is the author thinks Tesla has many problems and its stock may be ready to fall hard.
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I'm not an expert on Twitter but back in the day, I remember it not being valued as all that much because it couldn't be monetized (i.e. hate that word - can't make money off of it). Has that changed? If Elon makes it better, does he have a way of earning anything off of his investment?
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@kluurs said in Elon Musk buys a big chunk of Twitter:
I'm not an expert on Twitter but back in the day, I remember it not being valued as all that much because it couldn't be monetized (i.e. hate that word - can't make money off of it). Has that changed? If Elon makes it better, does he have a way of earning anything off of his investment?
Twitter ad buys are decent, yeah.
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@Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:
@LuFins-Dad said in Elon Musk buys a big chunk of Twitter:
It’s a setup. My guess? He’s already got a new platform ready to roll out next month.
Didn’t somebody try that already?
Plan B
https://www.cnbc.com/2022/04/14/elon-musk-not-sure-hell-be-able-to-buy-twitter.html
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@xenon said in Elon Musk buys a big chunk of Twitter:
Great Twitter thread by the former CEO of Reddit on the difficulties of running a social media company
Well, I disagree that it was a great thread. "Be nice to each other and there would be no censorship" is not exactly a deep insight.
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@Horace said in Elon Musk buys a big chunk of Twitter:
@xenon said in Elon Musk buys a big chunk of Twitter:
Great Twitter thread by the former CEO of Reddit on the difficulties of running a social media company
Well, I disagree that it was a great thread. "Be nice to each other and there would be no censorship" is not exactly a deep insight.
I thought it was pretty neat to hear how someone who has had to deal with the worst of user-generated internet content thinks about it.
Reddit has real racists, terrorists, doxers, pedophiles, sex traffickers, etc. on the site. It’s been an experiment in free speech meets the mainstream for over a decade now.
And his basic point isn’t that trivial “people online are assholes and can’t have nice things” (free speech). Very debatable, but not trivial.
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@xenon said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
@xenon said in Elon Musk buys a big chunk of Twitter:
Great Twitter thread by the former CEO of Reddit on the difficulties of running a social media company
Well, I disagree that it was a great thread. "Be nice to each other and there would be no censorship" is not exactly a deep insight.
I thought it was pretty neat to hear how someone who has had to deal with the worst of user-generated internet content thinks about it.
Reddit has real racists, terrorists, doxers, pedophiles, sex traffickers, etc. on the site. It’s been an experiment in free speech meets the mainstream for over a decade now.
And his basic point isn’t that trivial “people online are assholes and can’t have nice things” (free speech). Very debatable, but not trivial.
I get that he has relevant life experience, but I went searching through the thread for anything resembling a useful idea or insight into moderation practices and came up empty. Then his example of Elon being a late buyer of Bitcoin and thus ignorant of internet culture was just stupid. That’s when I started sniffing a poser staking a claim to an expertise that doesn’t in this case result in any useful insights. It happens. He was, after all, selling something.
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@Horace said in Elon Musk buys a big chunk of Twitter:
@xenon said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
@xenon said in Elon Musk buys a big chunk of Twitter:
Great Twitter thread by the former CEO of Reddit on the difficulties of running a social media company
Well, I disagree that it was a great thread. "Be nice to each other and there would be no censorship" is not exactly a deep insight.
I thought it was pretty neat to hear how someone who has had to deal with the worst of user-generated internet content thinks about it.
Reddit has real racists, terrorists, doxers, pedophiles, sex traffickers, etc. on the site. It’s been an experiment in free speech meets the mainstream for over a decade now.
And his basic point isn’t that trivial “people online are assholes and can’t have nice things” (free speech). Very debatable, but not trivial.
I get that he has relevant life experience, but I went searching through the thread for anything resembling a useful idea or insight into moderation practices and came up empty. Then his example of Elon being a late buyer of Bitcoin and thus ignorant of internet culture was just stupid. That’s when I started sniffing a poser staking a claim to an expertise that doesn’t in this case result in any useful insights. It happens. He was, after all, selling something.
I thought the most interesting idea was that these platforms’ managers care about negative PR, avoiding regulatory scrutiny, people leaving the platform and business disruption at least as much as pushing a political ideology when moderating content. If not much more.
It’s not a mind blowing revelation - but as someone who works day in day out with corporate managers it rings very true.
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To be honest, I don't really understand what all the fuss is about.
Musk buys Twitter, it might be good, it might turn into a shit-show. If it turns into a shit show, it will be replaced. Either way, it's not the end of the world.
Musk doesn't buy Twitter, sets up some other website. I'm not going to be lying awake thinking about it. Unless of course his website is soapybreasts4U.com. I find this eventuality unlikely.
25 years ago none of this stuff existed, and now people behave as though it's the most important thing in the world.
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@xenon said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
@xenon said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
@xenon said in Elon Musk buys a big chunk of Twitter:
Great Twitter thread by the former CEO of Reddit on the difficulties of running a social media company
Well, I disagree that it was a great thread. "Be nice to each other and there would be no censorship" is not exactly a deep insight.
I thought it was pretty neat to hear how someone who has had to deal with the worst of user-generated internet content thinks about it.
Reddit has real racists, terrorists, doxers, pedophiles, sex traffickers, etc. on the site. It’s been an experiment in free speech meets the mainstream for over a decade now.
And his basic point isn’t that trivial “people online are assholes and can’t have nice things” (free speech). Very debatable, but not trivial.
I get that he has relevant life experience, but I went searching through the thread for anything resembling a useful idea or insight into moderation practices and came up empty. Then his example of Elon being a late buyer of Bitcoin and thus ignorant of internet culture was just stupid. That’s when I started sniffing a poser staking a claim to an expertise that doesn’t in this case result in any useful insights. It happens. He was, after all, selling something.
I thought the most interesting idea was that these platforms’ managers care about negative PR, avoiding regulatory scrutiny, people leaving the platform and business disruption at least as much as pushing a political ideology when moderating content. If not much more.
It’s not a mind blowing revelation - but as someone who works day in day out with corporate managers it rings very true.
I’ve said as much on this board, probably several times if Jon is to be believed. I suppose that’s why it didn’t qualify in my mind as a great insight.
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@xenon said in Elon Musk buys a big chunk of Twitter:
Great Twitter thread by the former CEO of Reddit on the difficulties of running a social media company
This is good, I very much share his sentiments re: the old Internet vs. the current Internet.
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Something doesn't need to be a great insight to be important. Take the Michelson-Morley experiment for example, it's not exactly great insight to say that "ether" does not exist and many people have said just that, yet it takes a lot of painstaking work to prove its non-existence and that proof is monumentally important to advance humanity's understanding of the physical world.
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Twitter is trying to thwart billionaire Elon Musk’s takeover attempt with a “poison pill” — a financial device that companies have been wielding against unwelcome suitors for decades.
WHAT ARE POISON PILLS SUPPOSED TO DO?
The ingredients of each poison pill vary, but they’re all designed to give corporate boards an option to flood the market with so much newly created stock that a takeover becomes prohibitively expensive. The strategy was popularized back in the 1980s when publicly held companies were being stalked by corporate raiders such as Carl Icahn — now more frequently described as “activist investors.”
Twitter didn’t disclose the details of its poison pill Friday, but said it would provide more information in a forthcoming filing with the Securities and Exchange Commission, which the company delayed because public markets were closed Friday.
The San Francisco company’s plan will be triggered if a shareholder accumulates a stake of 15% or more. Musk, best known as CEO of electric car maker Tesla, currently holds a roughly 9% stake.
"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.
