Elon Musk buys a big chunk of Twitter

[jon-nyc]

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.

[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.

[Horace]

@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.

[Jolly]

Trump back to Twitter?

[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.

[taiwan_girl]

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)

[Jolly]

@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.

[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 Phibes]

@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.

[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.

[Klaus]

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

[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.

[Klaus]

@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.

[jon-nyc]

That’s true.

[George K]

[jon-nyc]

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

[George K]

@jon-nyc

[George K]

[LuFins Dad]

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

Since we can’t elect Elon to be President, can we just name him God-King?

[jon-nyc]

He took a board seat.

“Through conversations with Elon in recent weeks, it became clear to us that he would bring great value to our Board,” CEO Parag Agrawal said in a tweet.