Elon Musk snaps up $3bn Twitter stake

Discussion in 'other software & services' started by stapp, Apr 4, 2022.

  1. plat

    plat Registered Member

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  2. xxJackxx

    xxJackxx Registered Member

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    I once worked at a place for several years that brought in new management and one of the requirements was that you had to love your job (and say so) or you would be fired. Couldn't do it (I was not alone in this) but fortunately I was moving anyway and quit before it went that far. Sometimes what they ask for sucks.
     
  3. Daveski17

    Daveski17 Registered Member

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    Musk's getting more like a pantomime villain every day.
     
  4. vasa1

    vasa1 Registered Member

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    Reporting on Musk provides a distraction for somewhat more serious events.
     
  5. plat

    plat Registered Member

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    My interest in this Twitter thing had dried up, until I read about this FTX-Twitter connection. FTX declared bankruptcy recently but the founder, Sam Bankman-Fried claims Twitter has his 100 million USD stake and doesn't know what happened to it after Twitter was taken private by Elon.

    https://www.businessinsider.com/sam...2-11?inline-endstory-related-recommendations=

    Actually, I'm kind of pleased my experience with Twitter hasn't changed too much. I see a little more political vitriol but nothing I can't easily block and have it stay blocked. It's not bad at all right now. Certainly not the doomsday predictions the media were making with all the employee losses, at least not now. I am concerned about the reduction in content moderation. This is probably going to take time to refine properly. "Free speech" is never truly free.
     
  6. monkeylove

    monkeylove Registered Member

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    Good to see Twitter more fun for a change.
     
  7. Rasheed187

    Rasheed187 Registered Member

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    BTW, about the constant firing of people, this is a nice article:

    https://www.cnbc.com/2022/11/24/wefox-ceo-disgusted-by-mass-tech-layoffs-these-are-humans.html
     
  8. plat

    plat Registered Member

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    Yes it is a good article, and that CEO's statements mirror many--I mean: it makes your head spin how many people are laid off at a time.

    But...Twitter's debacle with this layoff thing isn't finished yet, it seems. Full article linked in the Tweet. Note: I have to admit, Twitter's been behaving fine. Hope it stays that way, right?

    https://twitter.com/arstechnica/status/1600956012529438720

    Edit: ooo, here's something else. lol! Just a train wreck, one thing after another.

    https://twitter.com/JamesClayton5/status/1600619990691954688

    :argh:
     
    Last edited: Dec 8, 2022
  9. pegas

    pegas Registered Member

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    Well I see this fuzz about Twitter differently. Elon has acquired Twitter and as the owner he can do whatever he wants with his company. If he want to fire staff, OK that's his right, of course within the law. If he think employees should work more efficiently which may mean working longer hours, he can apply this. The right of employees is to accept or not accept his conditions, if not, nobody's holding them. If he hadn't done it now it would have ended up with employees soon dictating conditions. Needless to say they already have superior conditions.

    And secondly, it's freedom of speech that Elon wants to bring back. How could Twitter previously afford to fit into the role of a god who will decide what can and cannot be said? "*"

    Foot note: I accept that my view may be influenced by the fact that I have an execution position.

    EDIT: "*" https://twitter.com/bariweiss/status/1601007575633305600?cxt=HHwWgICpxYr69bcsAAAA
     
    Last edited: Dec 9, 2022
  10. plat

    plat Registered Member

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  11. Brummelchen

    Brummelchen Registered Member

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    reading the latest news about his take over - could be time to leave twitter.
    releasing half of employers - outstanding payoffs (need prosecution forced), outstanding debts for the buy, lockdown for journalists, selling tesla shares, outstanding rents for twitter rooms.
     
  12. monkeylove

    monkeylove Registered Member

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    Given claims that Twitter has fallen apart and that everyone has left, then critics can move on and talk about something else.
     
  13. Rasheed187

    Rasheed187 Registered Member

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    I think it's shocking how much of his Tesla stock he had to sell for this Twitter nonsense. I'm an idiot too for believing Musk when he told he was done selling shares. Now I have a $2000 loss on my Tesla shares. I think it's best if he appoints a new Twitter CEO as soon as possible and starts to focus on Tesla again. But seems like he's obsessed with this Twitter nonsense.
     
  14. plat

    plat Registered Member

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  15. monkeylove

    monkeylove Registered Member

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    Clearly having a lot of fun.
     
  16. stapp

    stapp Global Moderator

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    https://www.bbc.co.uk/news/business-your-money-64021412
     
  17. pegas

    pegas Registered Member

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    It's indeed funny how Elon plays with his sheep. It's worth all his money. No doubt, he didn't care if he should step down or not because as the owner he will surely find a way how to reign over Twitter. And next funny poll is?
     
  18. Rasheed187

    Rasheed187 Registered Member

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    Tesla's stock jumped plus $5, but now it's in the red again, not a good sign. I wonder if Musk is still unloading shares since apparantly he needs to pay of Twitter's debt.

    I wonder if it's worth his money, he's not the richest man of the world anymore and I don't think this sits well with him. He was also at the final of the WC 2022 in Qatar and he looked quite stressed.
     
  19. monkeylove

    monkeylove Registered Member

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    The weird thing is that he gives and follows polls. And for that he's seen as a tyrant by his critics.
     
  20. Daveski17

    Daveski17 Registered Member

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    Yeah, but if just ignores poll opinions and results he dislikes, that is a bit 'tyrannical'. Supposedly he's only letting people who have paid accounts vote now. Who next, only official members of his fan club?

    vox populi vox diabolus? :argh:
     
  21. xxJackxx

    xxJackxx Registered Member

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    Money talks. Plus, how many unpaid accounts are bots?
     
  22. Daveski17

    Daveski17 Registered Member

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    Both excellent points. Money certainly does make a difference. Not sure about the bots, but I guess there's a fair few. I keep forgetting this is the internet. :eek:
     
  23. Brummelchen

    Brummelchen Registered Member

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    read in the news. poor guy, clutchted to his buy, dont accept the majority - paid are minority. money do not rule the world. and currently i never wont buy any tesla product, Europa has decent alternatives.
     
  24. Daveski17

    Daveski17 Registered Member

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    We're going to have to agree to disagree on this.
     
  25. plat

    plat Registered Member

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    Now the dude two-steps away from his initial statement made in his own poll. Disgusting. :( Bet you he wouldn't have brought up the bot-thing if the results had been in his favor.

    https://twitter.com/JuddLegum/status/1605280166279892999

    Money does rule the world. Sometimes this is hard to accept. But all roads somehow lead back to money.
     
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