Elon Musk buys a big chunk of Twitter
-
-
@Axtremus said in Elon Musk buys a big chunk of Twitter:
Still challenging to identify professional propaganda accounts that disguise themselves as casual users.
I'm not at all in the tech field, but that seems like a rather simple thing to solve for as a general condition. It needn't be perfect to be very good.
-
@Ivorythumper said in Elon Musk buys a big chunk of Twitter:
I'm not at all in the tech field, but that seems like a rather simple thing to solve for as a general condition. It needn't be perfect to be very good.
Cat and mouse game. You try to up your game at piercing through their disguise, they try to up their game at improving their disguise.
-
@Jolly said in Elon Musk buys a big chunk of Twitter:
Biometrics.
Is it time for the government to roll out a digital ID for all it's citizens? (Replacing the primacy of driver's licenses, SSN, passport, etc.)
Everyone gets one - the government foots the Bill to maintain and secure it and allows other entities to verify it.
-
I trust Elon Musk about as much as I trust the government.
At least I can opt out of Twatter
-
@George-K said in Elon Musk buys a big chunk of Twitter:
@xenon said in Elon Musk buys a big chunk of Twitter:
the government foots the Bill
You misspelled citizens.
Some citizens.... I'm trying to think through the pushback to ID laws, which is that they're not "equitable". (The citizens for whom they're not "equitable" would not be paying)
-
@Axtremus said in Elon Musk buys a big chunk of Twitter:
@Jolly said in Elon Musk buys a big chunk of Twitter:
Biometrics.
Oh, sure, now that Elon has bought one Internet company, you want all the the Internet companies to have everyone’s biometric data.
I use biometrics to unlock my phone. I use it to log into my online banking. Why not your Twitter account?
-
@jon-nyc said in Elon Musk buys a big chunk of Twitter:
Pass the popcorn, George.
Elon Musk Says Twitter Deal Is on Hold,
“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Mr. Musk said in a tweet early Friday. He linked to a May 2 Reuters report about a recent Twitter securities filing with those statistics.
Twitter shares were down nearly 20% in premarket trade. Mr. Musk disclosed a 9% stake in the social-networking website last month and sought to buy the remainder of the company at a price of $54.20 a share. He said he had lined up $46.5 billion of funding for the transaction.
Mr. Musk plans to bring a commitment to a more hands-off approach on speech moderation to a company that has struggled to reconcile freewheeling conversations with content that appeals to advertisers.
Some investors saw the pause in the acquisition as a potential sign that the deal may not go ahead.
“I think he’s potentially seeding the ground for pulling out of the deal. That’s certainly the market’s interpretation,” said Michael Hewson, chief markets analyst at CMC Markets. “But we’ll have to wait and see, it’s a bit strange to go through all that legwork and pull funding together and then suddenly put it on hold. It is a rather strange development.”
The move comes a day after Twitter said it was pausing hiring and looking to cut costs as it grapples with disruptions in the digital advertising market from global economic turmoil and the war in Ukraine. Across the tech industry, companies are cutting staff and spending or slowing hiring.
-
@Klaus said in Elon Musk buys a big chunk of Twitter:
What exactly is the condition in the contract about which Musk is talking here?
It's almost as though he's not particularly trustworthy.
-
@Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:
@Klaus said in Elon Musk buys a big chunk of Twitter:
What exactly is the condition in the contract about which Musk is talking here?
It's almost as though he's not particularly trustworthy.
Well, even if he is untrustworthy, it will cost him no more than the $1 Billion break-up fee stipulated in the buy-out agreement.
-
I'm kind of left with the impression of people playing rather childish games, and spending obscene amounts of money in order to do so.
-
@Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:
I'm kind of left with the impression of people playing rather childish games, and spending obscene amounts of money in order to do so.
And shareholder class action lawsuits ensue …
It looks to me that the way this is going, it increases the likelihood of Elon and Twitter and maybe even Tesla getting hit by shareholder class action lawsuits regardless of whether Elon follows through with the acquisition of Twitter.