Elon Musk buys a big chunk of Twitter

[Horace]

So it'll cost Musk a billion dollars to back out, or a billion dollars in legal fees to attempt to win a legal argument that he shouldn't have to pay a billion dollars to back out.

The Tesla short community was way ahead of the game on this guy's character.

[George K]

Here's a thought...

So, suppose that Musk's deal to buy Twitter falls through, and both parties walk away, none the richer and none the poorer.

Supposedly, $44B is enough to buy the platform and all of its associated assets.

Would it be beyond Musk to just build another platform to compete with Twitter? Granted, "Truth Social," like Parler and WeMe have not gotten the traction that their proponents hoped for, but with Musk's name recognition and ferocity, can this be a thing?

[Aqua Letifer]

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

Here's a thought...

So, suppose that Musk's deal to buy Twitter falls through, and both parties walk away, none the richer and none the poorer.

Supposedly, $44B is enough to buy the platform and all of its associated assets.

Would it be beyond Musk to just build another platform to compete with Twitter? Granted, "Truth Social," like Parler and WeMe have not gotten the traction that their proponents hoped for, but with Musk's name recognition and ferocity, can this be a thing?

Likely not, I'd say. Many, many people have tried to make alternative social platforms. And quite a few of them have been great. But they completely failed, either because they weren't as addictive as what's presently out there, or weren't sufficiently different from what's presently out there.

[taiwan_girl]

@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:

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

Here's a thought...

So, suppose that Musk's deal to buy Twitter falls through, and both parties walk away, none the richer and none the poorer.

Supposedly, $44B is enough to buy the platform and all of its associated assets.

Would it be beyond Musk to just build another platform to compete with Twitter? Granted, "Truth Social," like Parler and WeMe have not gotten the traction that their proponents hoped for, but with Musk's name recognition and ferocity, can this be a thing?

Likely not, I'd say. Many, many people have tried to make alternative social platforms. And quite a few of them have been great. But they completely failed, either because they weren't as addictive as what's presently out there, or weren't sufficiently different from what's presently out there.

I agree with you.

In addition, a large % of people who are on Twitter are outside the US. And outside the US, Elon Musk is not very well known, so people would not go to a new thing he started just because of his name.

[George K]

[George K]

"This is why Elon didn't buy Twitter."

[Horace]

In fairness, there isn’t much difference between real people posting their programmed thoughts and bots doing that same thing.

[Klaus]

There is also a real possibility that some bots are designed to be detected, such that they backfire (which would then be the desired effect).

[Horace]

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

There is also a real possibility that some bots are designed to be detected, such that they backfire (which would then be the desired effect).

They call that a false flag.

[jon-nyc]

@George-K I think the focus on bots is a pretense. He’s backing out, or trying to anyway, because his bid is too high given what’s happened in markets since the early spring.

[89th]

This post is deleted!

[George K]

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

I think the focus on bots is a pretense. He’s backing out, or trying to anyway, because his bid is too high given what’s happened in markets since the early spring.

Could be. It would certainly make sense. However, he started complaining about the lack of transparency wrt bots shortly after he made his bid, didn't he?

[Klaus]

How about we make Elon an offer to purchase TNCR for just $43B? According to my last audit, we have less than 5% bots.

[LuFins Dad]

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

How about we make Elon an offer to purchase TNCR for just $43B? According to my last audit, we have less than 5% bots.

Traffic or accounts? I imagine our bot activity is very low, but not accounts to be very high…

[Horace]

If you zoom out enough, the line between an outraged leftist and a bot running its programming, is blurry. We’ve done our best to limit the outraged leftists on the board, but no system of moderation is perfect.

[George K]

[Axtremus]

https://www.washingtonpost.com/technology/2022/07/12/twitter-elon-musk-lawsuit/

Twitter sues Elon Musk, setting stage for epic legal battle


The scathing legal complaint, calling the billionaire’s exit ‘a model of hypocrisy,’ kicks off what is likely to become one of the most contentious business trials in recent history

[Klaus]

@George-K where does that screenshot come from? Truth Social?

[Catseye3]

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

where does that screenshot come from? Truth Social?

Nah, that's just his natural elusive charm spilling over.

[Doctor Phibes]

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

I honestly can't tell whether that's satire or not.