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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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  • J Online
    J Online
    jon-nyc
    wrote on 26 Apr 2022, 01:01 last edited by
    #218

    Their stock has been hammered by Musk. It lost another 40% since he first announced his Twitter stake.

    Only non-witches get due process.

    • Cotton Mather, Salem Massachusetts, 1692
    G L K 3 Replies Last reply 26 Apr 2022, 01:52
    • J jon-nyc
      26 Apr 2022, 00:59

      I just saw that. They’re still pretending truth social hasn’t failed. He’ll renege once they’re beyond that phase.

      A Offline
      A Offline
      Axtremus
      wrote on 26 Apr 2022, 01:31 last edited by
      #219

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

      He’ll renege once they’re beyond that phase.

      Assuming you're referring to Trump, he does have a rich history of reneging on various pronouncements.

      1 Reply Last reply
      • J jon-nyc
        26 Apr 2022, 01:01

        Their stock has been hammered by Musk. It lost another 40% since he first announced his Twitter stake.

        G Offline
        G Offline
        George K
        wrote on 26 Apr 2022, 01:52 last edited by
        #220

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

        Their stock has been hammered by Musk. It lost another 40% since he first announced his Twitter stake.

        Totally n00b question: If he owns the company and it’s now private, does that matter?

        "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.

        J 1 Reply Last reply 26 Apr 2022, 10:14
        • J jon-nyc
          26 Apr 2022, 01:01

          Their stock has been hammered by Musk. It lost another 40% since he first announced his Twitter stake.

          L Offline
          L Offline
          LuFins Dad
          wrote on 26 Apr 2022, 02:01 last edited by
          #221

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

          Their stock has been hammered by Musk. It lost another 40% since he first announced his Twitter stake.

          It was in free fall before he bought…

          The Brad

          1 Reply Last reply
          • G George K
            26 Apr 2022, 01:52

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

            Their stock has been hammered by Musk. It lost another 40% since he first announced his Twitter stake.

            Totally n00b question: If he owns the company and it’s now private, does that matter?

            J Online
            J Online
            jon-nyc
            wrote on 26 Apr 2022, 10:14 last edited by
            #222

            @George-K said in Elon Musk buys a big chunk of Twitter:

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

            Their stock has been hammered by Musk. It lost another 40% since he first announced his Twitter stake.

            Totally n00b question: If he owns the company and it’s now private, does that matter?

            Talking about truth social.

            Twitter will trade just below musk’s offer price until it closes unless people start thinking it will fall through.

            Only non-witches get due process.

            • Cotton Mather, Salem Massachusetts, 1692
            1 Reply Last reply
            • J jon-nyc
              26 Apr 2022, 01:01

              Their stock has been hammered by Musk. It lost another 40% since he first announced his Twitter stake.

              K Offline
              K Offline
              Klaus
              wrote on 26 Apr 2022, 10:44 last edited by
              #223

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

              Their stock has been hammered by Musk. It lost another 40% since he first announced his Twitter stake.

              Is Truth Social even publicly traded? I for one can't find a ticker symbol.

              1 Reply Last reply
              • J Online
                J Online
                jon-nyc
                wrote on 26 Apr 2022, 10:52 last edited by
                #224

                It merged with a spac and did a back door ipo. It trades under the spac symbol DWAC

                Only non-witches get due process.

                • Cotton Mather, Salem Massachusetts, 1692
                1 Reply Last reply
                • J Offline
                  J Offline
                  Jolly
                  wrote on 26 Apr 2022, 11:50 last edited by
                  #225

                  Trump will be back. Twitter will provide the largest audience. Truth Social ain't gonna make it. Parler may not make it, if Musk succeeds in revamping and implementing decent rules.

                  Musk has a big job. First, he has to change the corporate culture...That may take some firings and some "Come to Jesus" moments with senior management, along with buy-in from the employees.

                  The rules will be interesting. You can't let people threaten physical violence. That's the first one. Wonder what else he will add to the list?

                  “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
                  • G Offline
                    G Offline
                    George K
                    wrote on 26 Apr 2022, 11:58 last edited by
                    #226

                    LOL

                    alt text

                    "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
                    • J Offline
                      J Offline
                      Jolly
                      wrote on 26 Apr 2022, 12:20 last edited by
                      #227

                      Bwhahahahahahaha!!!!

                      “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
                      • G Offline
                        G Offline
                        George K
                        wrote on 26 Apr 2022, 12:24 last edited by
                        #228

                        It's going to be interesting to see how this all plays out. I'm thinking that, despite his protestations, some form of moderation, censorship, whatever, will still exist on Twitter. The question is how much.

                        Also, it's just delicious to see the talking heads melting down with zero self-awareness (clip above).

                        "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
                        • G Offline
                          G Offline
                          George K
                          wrote on 26 Apr 2022, 12:31 last edited by
                          #229

                          Worst job in the world...

                          "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.

                          C 1 Reply Last reply 26 Apr 2022, 12:41
                          • G George K
                            26 Apr 2022, 12:31

                            Worst job in the world...

                            C Offline
                            C Offline
                            Copper
                            wrote on 26 Apr 2022, 12:41 last edited by
                            #230

                            @George-K said in Elon Musk buys a big chunk of Twitter:

                            "tech platforms must be held accountable for the harms they cause."

                            The platforms will be held accountable

                            This sounds like the anti-gun mantra.

                            How about holding some people accountable?

                            1 Reply Last reply
                            • G Offline
                              G Offline
                              George K
                              wrote on 26 Apr 2022, 12:42 last edited by
                              #231

                              First rat jumps ship:

                              https://twitter.com/shaunking

                              "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.

                              J J 2 Replies Last reply 26 Apr 2022, 13:12
                              • G George K
                                26 Apr 2022, 12:42

                                First rat jumps ship:

                                https://twitter.com/shaunking

                                J Offline
                                J Offline
                                Jolly
                                wrote on 26 Apr 2022, 13:12 last edited by
                                #232

                                @George-K said in Elon Musk buys a big chunk of Twitter:

                                First rat jumps ship:

                                https://twitter.com/shaunking

                                Good riddance to bad rubbish.

                                The beauty of the public square, is trying to convince people who might not agree with you.

                                “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
                                • G Offline
                                  G Offline
                                  George K
                                  wrote on 26 Apr 2022, 13:35 last edited by
                                  #233

                                  image.png

                                  "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
                                  • A Offline
                                    A Offline
                                    Axtremus
                                    wrote on 26 Apr 2022, 14:44 last edited by
                                    #234

                                    Read a couple of interesting reactions:

                                    1. Jack Dorsey, former CEO and founder of Twitter, now openly says he thinks Musk buying Twitter is a very good thing. (Dorsey stands to cash close to $1 Billion from this buyout, but no, I don’t think Dorsey says this because of the money; the guy is rich enough that he doesn’t need to lie for cash.)

                                    2. Jeff Bezos brought up the possibility of the CCP leveraging Tesla to influence Musk on Twitter’s policies regarding China — the theory being that because Tesla relies on much of its production in China, the CCP can hold Tesla hostage to force Musk to make Twitter give China-related content special treatments.

                                    G J C 4 Replies Last reply 26 Apr 2022, 15:08
                                    • A Axtremus
                                      26 Apr 2022, 14:44

                                      Read a couple of interesting reactions:

                                      1. Jack Dorsey, former CEO and founder of Twitter, now openly says he thinks Musk buying Twitter is a very good thing. (Dorsey stands to cash close to $1 Billion from this buyout, but no, I don’t think Dorsey says this because of the money; the guy is rich enough that he doesn’t need to lie for cash.)

                                      2. Jeff Bezos brought up the possibility of the CCP leveraging Tesla to influence Musk on Twitter’s policies regarding China — the theory being that because Tesla relies on much of its production in China, the CCP can hold Tesla hostage to force Musk to make Twitter give China-related content special treatments.

                                      G Offline
                                      G Offline
                                      George K
                                      wrote on 26 Apr 2022, 15:08 last edited by
                                      #235

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

                                      1. Jeff Bezos brought up the possibility of the CCP leveraging Tesla to influence Musk on Twitter’s policies regarding China — the theory being that because Tesla relies on much of its production in China, the CCP can hold Tesla hostage to force Musk to make Twitter give China-related content special treatments.

                                      OK, Jeff. Now do Disney, NBO, Apple, and China.

                                      "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.

                                      A 1 Reply Last reply 26 Apr 2022, 15:48
                                      • A Axtremus
                                        26 Apr 2022, 14:44

                                        Read a couple of interesting reactions:

                                        1. Jack Dorsey, former CEO and founder of Twitter, now openly says he thinks Musk buying Twitter is a very good thing. (Dorsey stands to cash close to $1 Billion from this buyout, but no, I don’t think Dorsey says this because of the money; the guy is rich enough that he doesn’t need to lie for cash.)

                                        2. Jeff Bezos brought up the possibility of the CCP leveraging Tesla to influence Musk on Twitter’s policies regarding China — the theory being that because Tesla relies on much of its production in China, the CCP can hold Tesla hostage to force Musk to make Twitter give China-related content special treatments.

                                        J Online
                                        J Online
                                        jon-nyc
                                        wrote on 26 Apr 2022, 15:09 last edited by
                                        #236

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

                                        1. Jeff Bezos brought up the possibility of the CCP leveraging Tesla to influence Musk on Twitter’s policies regarding China — the theory being that because Tesla relies on much of its production in China, the CCP can hold Tesla hostage to force Musk to make Twitter give China-related content special treatments.

                                        That’s a very legitimate concern.

                                        Only non-witches get due process.

                                        • Cotton Mather, Salem Massachusetts, 1692
                                        1 Reply Last reply
                                        • G George K
                                          26 Apr 2022, 15:08

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

                                          1. Jeff Bezos brought up the possibility of the CCP leveraging Tesla to influence Musk on Twitter’s policies regarding China — the theory being that because Tesla relies on much of its production in China, the CCP can hold Tesla hostage to force Musk to make Twitter give China-related content special treatments.

                                          OK, Jeff. Now do Disney, NBO, Apple, and China.

                                          A Offline
                                          A Offline
                                          Axtremus
                                          wrote on 26 Apr 2022, 15:48 last edited by
                                          #237

                                          @George-K said in Elon Musk buys a big chunk of Twitter:

                                          Now do Disney, NBO, Apple, and China.

                                          Apple and Disney’s reactions to various CCP demand are well documented (e.g., removing certain apps for iOS users in Hong Kong to manage the protests there back in 2020, avoiding the likeness of the Dalai Lama in the Marvel Cinematic Universe), a change in control is not on the horizon for either Disney or Apple, in the context of the interview Bezos was asked only about Twitter, not about Apple or Disney or any other company. So I see no ground to chastise Bezos for not commenting on Disney or Apple.

                                          No idea what NBO is or why you think NBO needs to be thus examined, kindly elaborate if you wish.

                                          G 1 Reply Last reply 26 Apr 2022, 16:08
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