Elon Musk now owns 9.2% of twitter...update.. will soon be the sole owner as Board of Directors accepts his purchase offer

[Heartbreaker]

Is Musk a Anti-Vaxxer?

He was a big supporter of the racist anti-Vaxxer truckers doing blockades in Canada.

 

[fskimospy]

No Twitter doesn't have the same freedom of speech that I do because they are protected from libel. Twitter actually has better protection for it's freedom of speech.
Which is why it should be forced to decide if it is a platform or a publisher.

This is not true, Twitter has the same protections from libel as you do. You are responsible for the speech you make, same as Twitter. You are not responsible for the speech that other people make, same as Twitter.

If we enacted your idea Twitter would be forced to publish the speech of Nazis, Qanon nuts, pro-pedophilia advocates, etc. OR it if fails to identify and delete a single libelous statement created by any user Twitter would be liable for defamation. Needless to say this is a terrible idea, which is why we created Section 230 to begin with. The internet as it exists today and social media in particular would not exist without it.

This is a very simple private property argument:

1) People should be responsible for what they say, not what other people say.
2) Private property owners should be able to control what happens on their property.

You may disagree with that, but thankfully the law is on Twitter's side. This is one of those things where people think if only they got rid of section 230 they could make Twitter behave how they want it to when in reality it would just become a cesspool like Gab or shut down entirely.

 

[ponyo]

I have mixed feelings on this. I own stocks in both Twitter and Tesla. I believe Twitter severely undervalued by Wall St and investors. Twitter is basically CNN of our time and extremely valuable property. However it's been mismanaged so the market cap value is extremely low compared to its peers like FB and Snapchat.

I like how Elon threw in the 420 reference in the buyout share price. But I think his $54.20 offer is too low and would've been better received if he offered $69.420. But if Twitter board rejects Elon $54.20 buyout price, Elon will 100% sell his 9.2% Twitter stake. That will immediately cause Twitter stock to drop probably back to the $30s where it was trading before. And Elon will likely start Twitter competitor and leave Twitter platform. It will be big short term blow to Twitter.

If Twitter accepts Elon's buyout offer, Elon will make lot of money while controlling very valuable media property. He will take Twitter private for 2-3 years and fix whatever he thinks need fixing. He'll likely fire most of the upper management and install his own people. He'll re-IPO the revamped company and Wall Street and public investors will revalue new public Twitter at 2 or 3 times what Elon took Twitter private for. Elon will make bank on his investment while controlling one of the most powerful social media platform in the Western world.

 

[fskimospy]

I have mixed feelings on this. I own stocks in both Twitter and Tesla. I believe Twitter severely undervalued by Wall St and investors. Twitter is basically CNN of our time and extremely valuable property. However it's been mismanaged so the market cap value is extremely low compared to its peers like FB and Snapchat.

I like how Elon threw in the 420 reference in the buyout share price. But I think his $54.20 offer is too low and would've been better received if he offered $69.420. But if Twitter board rejects Elon $54.20 buyout price, Elon will 100% sell his 9.2% Twitter stake. That will immediately cause Twitter stock to drop probably back to the $30s where it was trading before. And Elon will likely start Twitter competitor and leave Twitter platform. It will be big short term blow to Twitter.

If Twitter accepts Elon's buyout offer, Elon will make lot of money while controlling very valuable media property. He will take Twitter private for 2-3 years and fix whatever he thinks needs fixing. He'll likely fire most of the upper management and install his own people. He'll re-IPO the revamped company and Wall Street and public investors will revalue new public Twitter at 2 or 3 times what Elon took Twitter private for. Elon will make bank on his investment while controlling one of the most powerful social media platform in the Western world.

I doubt Musk would try to start a competing platform but if he did what would its distinguishing feature be?

 

[Paratus]

Is Twitter a platform or a publisher?

Platforms get protection from libel and are only allowed to remove explicitly illegal material.
Publishers are fully responsible under defamation law but are allowed to edit and censor as they please.

If Twitter may not moderate the content placed in its servers then it will become filled with porn, scat, hentai, etc because users will find it funny - 4 Chan writ large.

If Twitter is a publisher then they will only allow contributors who have contracts to allow them editorial discretion on what’s published.

In no way does that leave a service similar today where your average user can go and post almost anything and read almost anything without being a barraged by porn or having their entire posts controlled by Twitter as editor.

It also means sites like this become impossible to host. Not enough money to be an editor of content and users won’t wade through shit to find or post helpful tech recommendations.

 

[Pens1566]

I doubt Musk would try to start a competing platform but if he did what would its distinguishing feature be?

This ^. What would be the amazing driving force that causes everyone to jump ship? And, it's not an EDIT button ...

 

[ponyo]

I doubt Musk would try to start a competing platform but if he did what would its distinguishing feature be?

Musk has talked about it before in the past. What would be the distinguishing feature? It will have Elon Musk.

 

[Pens1566]

Musk has talked about it before in the past. What would be the distinguishing feature? It will have Elon Musk.

So it's self posting and randomly catches on fire?

 

[ponyo]

So it's self posting and randomly catches on fire?

I see people are still stupid and haven't learned the phrase, "Never bet against Elon Musk." You're going to bet against someone who took startup EV and private rocket company to the top against all odds?

 

[Pens1566]

I see people are still stupid and haven't learned the phrase, "Never bet against Elon Musk." You're going to bet against someone who took startup EV and private rocket company to the top against all odds?

No, just betting on the already established first to market ... the same concept that's propping up Tesla TBH.

 

[fskimospy]

Musk has talked about it before in the past. What would be the distinguishing feature? It will have Elon Musk.

lol then he is vastly overestimating his importance to Twitter.

 

[Brovane]

He was a big supporter of the racist anti-Vaxxer truckers doing blockades in Canada.

You like to label people you don't like?

 

[ponyo]

lol then he is vastly overestimating his importance to Twitter.

maybe, but I would never bet against Elon Musk.

 

[fskimospy]

I see people are still stupid and haven't learned the phrase, "Never bet against Elon Musk." You're going to bet against someone who took startup EV and private rocket company to the top against all odds?

If that's the case then he could make a Twitter clone with the amazing distinguishing feature of 'Elon Musk shitposts here' for a lot less than $47 billion.

So either this is some pump and dump scheme on his part or he has no confidence in his ability to create a Twitter competitor. Which do you think it is?

 

[Pens1566]

If that's the case then he could make a Twitter clone with the amazing distinguishing feature of 'Elon Musk shitposts here' for a lot less than $47 billion.

So either this is some pump and dump scheme on his part or he has no confidence in his ability to create a Twitter competitor. Which do you think it is?

The value in twitter is in the established user base and the brand itself, not the capabilities/functionality. I think it would be obvious for most to see that.

 

[fskimospy]

maybe, but I would never bet against Elon Musk.

If it were possible I would have bet against his 'boring company'. It was an obviously stupid idea.

 

[Brovane]

If Twitter may not moderate the content placed in its servers then it will become filled with porn, scat, hentai, etc because users will find it funny - 4 Chan writ large.

If Twitter is a publisher then they will only allow contributors who have contracts to allow them editorial discretion on what’s published.

In no way does that leave a service similar today where your average user can go and post almost anything and read almost anything without being a barraged by porn or having their entire posts controlled by Twitter as editor.

It also means sites like this become impossible to host. Not enough money to be an editor of content and users won’t wade through shit to find or post helpful tech recommendations.

You can really easily on Twitter filter out what you don't want to see, just like the Internet.

 

[ponyo]

If that's the case then he could make a Twitter clone with the amazing distinguishing feature of 'Elon Musk shitposts here' for a lot less than $47 billion.

So either this is some pump and dump scheme on his part or he has no confidence in his ability to create a Twitter competitor. Which do you think it is?

Because it's far easier to fix Twitter than to start new social media platform from scratch. Elon already has enough on his plate with Tesla, SpaceX, Boring, and others.

If it were possible I would have bet against his 'boring company'. It was an obviously stupid idea.

I disagree with "Boring Company" being stupid idea and would buy the stock if they were public. I would 100% welcome the idea to bet against you.

 

[ultimatebob]

I'd imagine that one of the first things Elon will do once he takes over Twitter is unban Donald Trump.

I kinda miss Trump tweets now that they're gone. Regardless of your political leanings, you gotta admit that they were entertaining!

 

[fskimospy]

Because it's far easier to fix Twitter than to start new social media platform from scratch. Elon already has enough on his plate with Tesla, SpaceX, Boring, and others.

It took roughly $4.5 billion in funding to create Twitter. So because it's easier he's overpaying by about a factor of 10?

Remember, he has the ace in the hole of having...uhmm...Elon Musk. Twitter will be shaking in their boots!

I disagree with "Boring Company" being stupid idea and would buy the stock if they were public. I would 100% welcome the idea to bet against you.

It took SpaceX about eight years to make an orbital launch vehicle from scratch. So far the Boring Company has been going for five years and not only has produced nothing of note, doesn't even seem to have a viable plan for producing something of note or even an explanation as to why their solution would solve the stated problem. (hint: there's a reason why widening highways doesn't reduce traffic)

If it ever goes public rest assured I will be there to take your money and the money of the other idiots who jump on that stock when it IPOs.

 

[Fenixgoon]

I'd imagine that one of the first things Elon will do once he takes over Twitter is unban Donald Trump.

I kinda miss Trump tweets now that they're gone. Regardless of your political leanings, you gotta admit that they were entertaining!

Emotional roller coaster is more like it. I don't want to have to worry about staying international incidents because the sitting president is a Twitter troll

 

[ponyo]

It took roughly $4.5 billion in funding to create Twitter. So because it's easier he's overpaying by about a factor of 10?

Remember, he has the ace in the hole of having...uhmm...Elon Musk. Twitter will be shaking in their boots!


It took SpaceX about eight years to make an orbital launch vehicle from scratch. So far the Boring Company has been going for five years and not only has produced nothing of note, doesn't even seem to have a viable plan for producing something of note or even an explanation as to why their solution would solve the stated problem. (hint: there's a reason why widening highways doesn't reduce traffic)

If it ever goes public rest assured I will be there to take your money and the money of the other idiots who jump on that stock when it IPOs.

Time is money. I know it's often repeated phrase but concept you can't truly grasp until you're rich. As I mentioned above, Elon will bring Twitter back to the public market in 2-3 years where the new valuation will be 2-3 times the Elon's take Twitter private price.

Let's keep our finger's crossed that Elon eventually brings The Boring Company public so we can bet against each other. In the meantime, you're more than welcome to bet against me on Tesla as I own the stock and options.

 

[Brovane]

It took roughly $4.5 billion in funding to create Twitter. So because it's easier he's overpaying by about a factor of 10?

Remember, he has the ace in the hole of having...uhmm...Elon Musk. Twitter will be shaking in their boots!


It took SpaceX about eight years to make an orbital launch vehicle from scratch. So far the Boring Company has been going for five years and not only has produced nothing of note, doesn't even seem to have a viable plan for producing something of note or even an explanation as to why their solution would solve the stated problem. (hint: there's a reason why widening highways doesn't reduce traffic)

If it ever goes public rest assured I will be there to take your money and the money of the other idiots who jump on that stock when it IPOs.

How are you defining something of "note"? Asking because some people still claim that SpaceX hasn't produced anything of note.

 

[fskimospy]

Time is money. I know it's often repeated phrase but concept you can't truly grasp until you're rich. As I mentioned above, Elon will bring Twitter back to the public market in 2-3 years where the new valuation will be 2-3 times the Elon's take Twitter private price.

What's the value proposition he's going to add that will triple its value? Then again since your idea was 'Elon Musk can shitpost on it' I'm not getting the sense you've thought this through.

Let's keep our finger's crossed that Elon eventually brings The Boring Company public so we can bet against each other. In the meantime, you're more than welcome to bet against me on Tesla as I own the stock and options.

I think Tesla is a good company that provides valuable products. The Boring Company does not do this and has no plans I have seen to provide value. It's just a fundamentally bad idea and it's not hard to see why.

 

[fskimospy]

How are you defining something of "note"? Asking because some people still claim that SpaceX hasn't produced anything of note.

Well those people are dumb - SpaceX has produced tremendous value.

The Boring Company has not produced anything and as far as I can tell their plans are to create inefficient and poorly fault tolerant tunnels. It's just a bad business idea.