Elon Musk buys $3 billion stake (9.2%) in Twitter and is now the platform's largest shareholder

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Can the government perhaps step in to seize Twitter (to nationalize it in effect) in order to prevent the disinformation and unbridled chaos that social media has caused and has since 2018 destroyed democracy?

So going for the Putin/Xi/Maduro plan?

Not at all. No one foresaw how problematic giving everyone a platform would become. Unfortunately many just spew hate or spread disinformation about subjects they are little qualified to speak on. We were very naive in the past. So maybe the government doesn’t nationalize social media, but rather heavily regulates it like we do with other industries - maybe through the FCC. As seen all the time, the majority of Americans simply lack the self-control decorum to check themselves.

NP Free speech wasn’t the problem. The problem began with the feeds that created bubbles for individuals. For example, you like cats and the social media feeds just keep sending you cat info/videos. This puts you in a bubble. You didn’t have see or hear legit opposing ideas or opinions (no dog or hamster videos in your feeds!). From there marketing and groups started exploiting this to make people more dug in on their sides. It became a divide and conquer tactic and it has been working. I hen you divide the country, you weaken it. There’s a third force afoot that isn’t blue or red, and not even a combo of the two. This third force is another color entirely and it isn’t good.

[Anonymous]

Trolls rejoice.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Can the government perhaps step in to seize Twitter (to nationalize it in effect) in order to prevent the disinformation and unbridled chaos that social media has caused and has since 2018 destroyed democracy?

So going for the Putin/Xi/Maduro plan?

+a million

Amazing how many so-called "liberals" hate the concept of free speech.

[Anonymous]

done deal...the end of a platform experiment.

It will be interesting to see here all the cool kids go now.

[Anonymous]

Anonymous wrote:done deal...the end of a platform experiment.

It will be interesting to see here all the cool kids go now.

Not quite. The Board accepted the offer. Now it is up to Musk to convince a sufficient number of shareholders to sell.

[Anonymous]

Anonymous wrote:

Anonymous wrote:done deal...the end of a platform experiment.

It will be interesting to see here all the cool kids go now.

Not quite. The Board accepted the offer. Now it is up to Musk to convince a sufficient number of shareholders to sell.

So they are going to remove the poison pill and allow him to tender offer?

[Anonymous]

Anonymous wrote:Can Twitter be hit with lawsuits, for example over the hundreds of thousands of people who died unnecessarily because of anti-vaxx and other COVID related disinformation? How about political disinformation? Those could quickly destroy Twitter.

Twitter and a few other social media platforms are practically public utilities these days. It would be very easy for the government to seize them.

[Anonymous]

Anonymous wrote:Can the government perhaps step in to seize Twitter (to nationalize it in effect) in order to prevent the disinformation and unbridled chaos that social media has caused and has since 2018 destroyed democracy?

Private companies can censor. The US government can't. Nationalizing would make the problem even worse with disinformation.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:done deal...the end of a platform experiment.

It will be interesting to see here all the cool kids go now.

Not quite. The Board accepted the offer. Now it is up to Musk to convince a sufficient number of shareholders to sell.

So they are going to remove the poison pill and allow him to tender offer?

The poison pill was only relevant if Musk had acquired 15% or more on the open market. And then it still needed to be triggered by the board and shares issued. It's complicated.

Right now, the Board has voted in favor of of the transaction. They will tell the shareholders that the offered price and structure is fair.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Can Twitter be hit with lawsuits, for example over the hundreds of thousands of people who died unnecessarily because of anti-vaxx and other COVID related disinformation? How about political disinformation? Those could quickly destroy Twitter.

Twitter and a few other social media platforms are practically public utilities these days. It would be very easy for the government to seize them.

Do you really want the government to be the purveyor of all information distribution? You can't pick and choose and say "Twitter goes government, Reddit stays independent."

[Anonymous]

Anonymous wrote:Trolls rejoice.

The woke crowd is going to have to find a new thought bubble somewhere else. If only yall had 46 billion dollars...

[Anonymous]

Anonymous wrote:

Anonymous wrote:Trolls rejoice.

The woke crowd is going to have to find a new thought bubble somewhere else. If only yall had 46 billion dollars...

Like Parler? You know they tossed folks off of their platform too? Was that "free speech" or woke?

[Anonymous]

In all fairness, a lot of the changes Elon wants to make would likely decimate Twitter's finances. He wants to get rid of advertising, which composes something like 95% of Twitter's revenue. People don't want to pay subscriptions for social media, yet he insists that's how he wants Twitter to move forward. Advertisers will leave the platform if content moderation is discontinued, as everything turns into sh#tposting culture war nonsense.

For those underwriting this transaction, likely the largest privatization deal in corporate history - how do they see any value? This looks like a crazy risky deal with very little financial upside.

[Anonymous]

Anonymous wrote:In all fairness, a lot of the changes Elon wants to make would likely decimate Twitter's finances. He wants to get rid of advertising, which composes something like 95% of Twitter's revenue. People don't want to pay subscriptions for social media, yet he insists that's how he wants Twitter to move forward. Advertisers will leave the platform if content moderation is discontinued, as everything turns into sh#tposting culture war nonsense.

For those underwriting this transaction, likely the largest privatization deal in corporate history - how do they see any value? This looks like a crazy risky deal with very little financial upside.

There are a lot of loans involved. As earlier disclosed, there is a bunch of secured financing. They'll just get interest and principal. The bridge loans will be in and out in a week to 10 days. The unsecured financing? Hope?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Can Twitter be hit with lawsuits, for example over the hundreds of thousands of people who died unnecessarily because of anti-vaxx and other COVID related disinformation? How about political disinformation? Those could quickly destroy Twitter.

Twitter and a few other social media platforms are practically public utilities these days. It would be very easy for the government to seize them.

That would be hilariously obvious and they'd give away the election.