The difference is that the WaPo can be sued for publishing things that aren’t true. And this happens. Twitter and Facebook have federal government protection against being sued because they claim that they aren’t the real publishers of the information, they’re just passing along what the public publishes and so can’t be held responsible for what is written. But clearly Twitter and Facebook have been acting like publishers when it suits them, censoring things that they don’t like. A utility company can’t do that. |
A utility company never publishes anything but a bill. |
Can someone explains what this means? I realize what he's the largest shareholder means, but does 9.2% give him the ability to change anything? They still have a board of directors and CEO that make the decisions, so what does this do for him exactly? |
Rather than a utility company, a better analogy is a porn studio. Twitter et al are entertainment. If people find you offensive/violate the rules of behavior or you hurt the bottom line, you get kicked out. The government gives you free speech but they don’t require a private company to publish you. It’s capitalism and private companies hold the power, not gov. |
He will get the ability to appoint board seats. But not enough to control the board. |
Thanks! Would that mean if someone leaves, or he can actually get rid of all of them and get a whole new crew? |
What an idiot - his actions just sent undermined his legal strategy in other cases he has pending with the SEC
https://www.wsj.com/articles/elon-musks-twitt...red-flag-11649114327 Also, his regulatory filings indicate that he intends to be a passive shareholder. People keep falling for his bluster over and over again. |
I need popcorn. This is gonna get good! Considering Dorsey’s last tweet, something’s coming down the pike. |
This is the narrative, I know. Given Musk and his interviews, etc, I would not expect passive from him. |
Yeah Dorsey has hinted about regretting the decision to boot Trump in a few different ways. But I’m not sure if he has the gumption or ability to do anything about it now. |
He’s now gone further than that: https://www.yahoo.com/news/twitter-co-founder...orsey-184238106.html |
Doxxing your/your family & posting your address online - is that OK? Advocating for genocide of a class or group of people - is that OK? Public harassment - is that OK? |
It’s been 2 years since Trump was banned and Elon Musk had to pay *billions* of dollars for 9%. Clearly a horrible business decision and Twitter is reeling. Even the Twitter haters on this thread agree that Twitter is now so big and powerful that it is basically equivalent to natural monopoly like a utility company. |
You can't designate Twitter as a utility without designating Facebook, Google, Reddit, and a slew of other social media entities. Also, massive 1st Amendment issues with regulating speech. For an analogous example, look at what happened with the FSOC and its ability to designate certain financial sector companies as "systemically important." The FSOC was essentially defanged by the courts. I don't think these tech companies will ever be designated as "utilities." It seems like an end-around to Congress doing it's damn job and just passing straight forward legislation to regulate tech. |
Youd have to actually prove that Twitter is a monopoly and the only way discourse occurs. I dont even have a Twitter nor do most of my friends. I dont rely on Twitter for services. |