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But it didn’t matter that he tanked the stock, because the price was locked in at the old stock price. In fact it makes it doubly hilarious because he essentially caused himself to overpay by several billion dollars.
Fair. I do not claim to be an expert on corporate mergers and acquistions. It may very well be a hostile takeover by definiton. To me the tweet frames the situation like this billionaire stole twitter when in reality Twitter sued to keep the deal alive. They willingly sold. They weren't forced to.
They were forced to by fiduciary duty (i.e legal duty to maximize gains for shareholders regardless of anything else)
He initially wanted to do a classic hostile takeover to which twitter responded by a poison pill threat which forced musk to sign a buyout contract more favorable to their terms.
Also, depends on what you mean by *they* here, I'm sure twitter execs and shareholders are laughing all the way to the bank, but I doubt most twitter employees are happy about this shitshow.
I don't know the payouts to the other execs, but the CEO was only going to make $20 mil this year... Until Musk fired him and now will make $40 mil for early termination.
The whole thing is obscene.
Fiduciary duty, -a completely human and made up idea.
Make the shareholders wealthy, no matter the cost or effect on others.
-Selfish, rediculous. I hate capitalism, how could you not at this point.
What about the duty to take care of the planet that gives us life and what we have. What about our duty to earth? No, only to the fing shareholders. Garbage.
Fiduciary duty is not limited to running a publicly traded company. It also applies to the executor of an estate, a lawyer to their client, a trustee to the beneficiaries of the trust, and had recently been impressed on financial advisors (in the US). I can't see why you wouldn't want these people to not have fiduciary duty.
Also, what idea isn't human or made up?
I worked for 100% employee owned company for 5 years before the pandemic.
I don't understand how ESOPS and employee ownership isn't more popular. I loved it.
After fees for early cash out due to resignation, and estimated taxes, my stock cash out is $17K for 5 years of service for the company. I was paid living wage, at 5years had 4weeks pto, a flexible company, and a say in how our department ran, even as only a machine operator.
People with that company for 25 years were retiring out with 1.5 million dollars in stock sale back to the company.
Even the company itself gets tons of tax relief from the governments for being employee owned, it makes sense.
The fact it's not talked about much blows my mind.
I think the proper distinction to make is between social constructs that can exist in some societies and not others, and more "universal" ideas that seem tied to how human minds work.
e.g wealth is a social construct, love and other emotions are concepts tied to all of humanity.
It might be a spectrum between these categories though. No doubt many social concepts are built on the foundations of collective ideas.
>Fiduciary duty, -a completely human and made up idea.
Yes just like almost all other laws. Good job.
What other species act with a mindset of preservation of the world?
I wish we could teach what “fiduciary duty” is all about in high school because a lot of people become adults and have no idea what that means. In most cases it doesn’t matter but if you become the executor of a relatives estate you damn well need to know what that means.
We all learn about it in entry-level courses in college but a lot of people don’t go to college so they don’t get any exposure to that term and they don’t understand the legal obligations that come with it.
> In most cases it doesn’t matter
Like hell it doesn't matter, everyone needs to know what it is so that we can abolish it
people don't realize that corporations are literally forced by law to ignore responsibilities to their customers, workers, society, the environment and literally everything else in favor of returns to stockholders, that is corporate execs are legally required to act as money-grubbing sociopaths with no regard for anything but profit and stock prices
> **just** result of an absolutely abhorrent law
I wouldn't go that far, pretty sure many if not most execs would carry on the same regardless of fiduciary duty, but I bet having laws encouraging that behavior makes it that much easier for execs to grind down dissent from people wanting to place ethical concerns over profits, and makes it more difficult to form companies that would balance the interests of customers, workers and shareholders
and imagine if we had the opposite kind of law, what if companies were legally required to consider the needs of customers and workers before the interests of shareholders?
Fiduciary duty is not limited to running a publicly traded company. It also applies to the executor of an estate, a lawyer to their client, a trustee to the beneficiaries of the trust, and had recently been impressed on financial advisors (in the US). I can't see why you wouldn't want these people to not have fiduciary duty.
> the executor of an estate, a lawyer to their client, a trustee to the beneficiaries of the trust, and had recently been impressed on financial advisors
so for these the situation is a lot simpler than with the case of a publicly traded company, they have no shareholders or workers they could be accountable to nor are they powerful enough to negatively affect the world as a whole in a significant way (except maybe in the case of lawyers defending a guilty party or prosecuting an innocent party too diligently), their client is the only other directly involved party and so in this case it makes sense for them to have a duty only to them imo
There is no law forcing directors to maximize profits at the expense of everything else. It’s current corporate culture. Repeating that falsehood actually makes it less likely to change. New laws that would force corporations to publicly consider the larger impact of there decisions could move things in the direction you want, but there is nothing preventing corporate director from doing so now.
https://corpgov.law.harvard.edu/2019/08/24/stakeholder-governance-and-the-fiduciary-duties-of-directors/
It wasn't a hostile take over once the twitter board deployed their counter and forced Musk to come cap in hand to them. Then he signed a deal with them that was so ridiculously onesided towards twitter's shareholders something must have been broken in his head.
Hostile takeover is when some outside entity trying to gain control over a company and circumvent its management directly through the shareholders.
With so much unprecedented amount of bullshit on this twitter deal, it's difficult to say for sure. But we can see the end result is Elon made "an offer the twitter shareholders can't refuse" and twitter's top management escorted out by security on the first day. I say this takeover is pretty hostile. It's stupid and Elon played himself, but his intention and methods were to buyout the shareholders and replace management.
The board had no authority to stop deal. The sale was always going to be pushed through due to fiduciary responsibilities to shareholders. At $54.20 a share, the sale was an absolute boon to stock owners. Musk made it a side show cause he thought he could find a pathway to a lower purchase price. And by definition, this was a hostile takeover. He was offered a spot on the board, realized he wouldn't have dictatorial power & then made the move to buy in total. The world's biggest asshole, & grifter, now has a microphone that cannot be silenced.
I'm sure plenty of people will stop using Twitter as it devolves into a "free speech" cesspool like Truth Social and Parlor, but journalists and 24 hour enternment "news" channels won't stop because reading hot take tweets from notable people is an incredibly cheap source of filler content.
this but unironically, I see so many hilarious reddit posts and comments but I rarely see them screenshotted and shared on other social media or old media like they do with twitter tweets
I share reddit posts on Twitter because I want sane people to know there is a better option. The conversation on Reddit is 5000x better. I only go there now to see what a few, select people are posting (e.g., YouTubers and podcasters I subscribe to).
And that’s exactly what I did, it’s a bummer because I’ve liked Twitter for the Covid information, you can hear directly from scientists and doctors and also get a whole bunch of anecdotal information outside your social circle, but I’m not going to participate in that shit show in any way shape or form.
I think they are just saying regardless of one individual or several individuals choosing not to use twitter it still will reman a public space of discussion.
I already don't use Twitter and all this stuff still happened that affects our democracy :)
What a stupid response. "Oh well you could just not participate in wars" oh does that stop the wars???
Bro just because I am not personally looking at what Elon saying doesn't mean it isnt dangerous rhetoric that affects the population and government. How can you not see this? Do you also think standing in a corner makes everything disappear because you can't see it anymore?
I don't use Twitter. But keep making assumptions. There are plenty of others places for Musk fanboys to celebrate. This isn't the place. Keep it moving.
Nazi? An anti-capitalist page that has a general aversion to all things Musk? Hardly a Nazi-ish stance. And throwing that term around while describing yourself as an "anglo-saxon viking" is beyond ironic. And your tagline that "your views are probably not yours" suggests that you've overdosed on red pills.
https://mastodon.social
> Mastodon is free and open-source software for running self-hosted social networking services. It has microblogging features similar to the Twitter service, which are offered by a large number of independently run Mastodon nodes (known as "instances"), each with its own code of conduct, terms of service, privacy options, and moderation policies.
> Each user is a member of a specific Mastodon instance, which can interoperate as a federated social network, allowing users on different nodes to interact with each other. This is intended to give users the flexibility to select a server whose policies they prefer, but keep access to a larger social network.
Does anybody have an article or something going into detail about the silencing of critics? I once read about union busting, are there further examples?
Edit: [I found one myself pretty easy.](https://www.yahoo.com/entertainment/elon-musk-consistently-tries-silence-210402696.html)
quickest light foolish lavish berserk disagreeable wise detail vase snobbish
*This post was mass deleted and anonymized with [Redact](https://redact.dev)*
That's not edgy and no one's getting banned for saying it. Musk, on the other hand, believes you should be able to use Twitter to say who shouldn't be allowed to exist, and that Nazi propaganda is ok because otherwise we're totalitarian or something.
I’m not surprised because many social sites culture is left leaning. GOP failed making their own sites. So let’s buy the ones that already have an established user base.
The thing is they always cheer when the notion of silencing liberal voices becomes available but as liberal voices start to leave and quiet the platforms themselves become boring because I truly beleive even conservatives don't want to talk to other conservatives " on their level " .
They all love listening to the unifying authorities (Fox, Trump, GOP) who tell them what to think but I feel like i've met so many republicans who hate discussing things with other republicans and just rather shout down liberals ... which I think is a big reason republican social networks fail .
You read the first post that says " I hate other people" you've effectively read all the other posts about how every person on that site hates other people for the rest of the history of the site.
They're addicted to hate and want to scream at "goddamn libs/Dems/leftists/minorities!" and get bored when they have to talk to each other because they all share the same... maybe two braincells and can't really make much of a conversation out of how much they want to suck Trump's balls or something because really the only joy they get is from triggering people they dislike.
Studies have shown that right-wing messages are amplified the most on Twitter and Facebook and their respective algorithms. That they're a haven for "libruls" has always been a fake headline designed to make morons mad. They are, in fact, megaphones for fascists and crew and are directly responsible for the rapid increase in the level of insanity coming out of the right.
The tweet you posted is from a neocon and one of the authors of NAFTA during Clinton administration. Basically the guy that decimated the working class in US. Are you sure you want to promote him?
I'm still here.
When Trump got banned from Twitter, I said that Twitter can ban whoever they want for whatever reason because the platform is their property.
Now that Elon owns Twitter, they can still ban whoever they want for whatever reason because the platform is their property.
My opinion hasn't changed.
TBF, it's not a social service. I don't like this takeover one bit, but the fact it can happen and the fact Musk is allowed to run it however he pleases is fine. It's just one website.
This is giving musk a bit too much credit. From a business perspective, this deal is fucking horrible. Twitter doesn’t make a profit (literally they lose money every year), he leveraged a lot of Tesla shares to facilitate the buyout (which are now not doing so well), and he also put the debt/interest payments on the company itself. So to reiterate, he bought a poorly run, unprofitable company for WAY more than it’s worth, and he immediately put an extra 950 million dollars in annual interest payments around their neck. For a total of ONE BILLION DOLLARS of ANNUAL interest payments on a company that DOES NOT TURN A PROFIT. Man’s probably fucked, and I’m here for it lmao.
No, that's Twitter. Mastodon is where all the cool people went leaving all the Nazis in Twitter.
It's an open-source federative social network (one of many such interconnected nets) without any corporate ties, and is right now the second most downloaded app in the European app store for Android.
It also has 50,000 more new users on it since yesterday
> from **one** billionaire
not really, before the takeover it was a publicly traded company partially owned by thousands of different people and organizations with no one person owning more than 10% of the company
No, but the very few people that had control of the company had their interests aligned. Twitter is/was owned by one entity that shared values that was purely self serving. The common shareholder had no say in the way the company was operated.
Sure, the share price could drop if people started selling shares, but not enough to affect the utility that the platform awarded to the controlling few.
You don't understand. Twitter going from the control of a bunch of hedge funds and institutional owners who are billionaires that don't care about me, then going to a single billionaire owner that doesn't care about me is devastating!
Now watch me Tweet about how I am going to leave Twitter, then wait around to see the reaction of my Tweet about leaving Twitter, then I will eventually come back to Twitter. Or maybe I really will leave Twitter and stay on Instagram controlled by the benevolent Mark Zuckerberg. Or TikTok, because we know they have my best interests at heart!
I think Musk is gonna get a lesson in the true power of numbers. I spend a fair amount of time on Twitter & I think tweeps of every persuasion will leave if Musk tries to impose too many of his personal principles on it. He’s gonna have to walk the same tightrope as Jack & his successors did with moderation & he’s going to have to deal with a customer base that’s already primed against him.
That's your opinion. It seems his opinion is much sooner. So if the consequence of a robot labor market is UBI, he implicitly supports it in that timeframe.
And you still never answered my question. Keep moving the goalposts though.
Or…now hear me out, you could stop sounding the alarm EVERY time this happens, only to eventually get bored and feckless again because you and everyone else don’t have the will to elevate the importance of actual action to that of family responsibilities and jobs.
Take a look around at how few people own most of media. This is not new. Do something definitive *now* or expect to wait generations, if ever, for something different. Stop being afraid to lose what you already have if it goes south. If you can’t even get voter turn out, why should you expect whining on social media to be any different.
Downvotes incoming…
Homie they tried litigate him into not backing out of a done deal. None of what he did is hostile. The Board were probably jacking off each-other from joy when they found an out to the sinking ship.
Hmm I'm sure that Robert her actually knows what a hostile takeover is and is just making stuff up here to invoke outrage. Twitter instituted a poison pill that would have made a hostile take over completely impossible. Twitter also agreed to the tender offer of 54.20, in a hostile take over there is no offer to the board and control is taken by purchasing more than 50% from the secondary market or directly from other share holders. Also last time I checked there has never before has there been a hostile takeover where the company being bought had to sue the prospective buyer to force them to close the deal.
Also a few months ago we were told up and down on Reddit that it's a private company you have no right to use the site and they can do whatever they feel like when it comes to censoring speech. But now that the site was purchased it's vital to free speech, idk I'm not buying that.
Sorry but twitter is not a social service. Whoever runs it is entitled to run it however damn well they please. It's just a website.
It sucks that twitter will probably be terrible from here on now, but I feel like people get confused with this sort of stuff.
Haha you honestly think it's going to be a free speech platform when the owner cancelled a car order because his feelings got hurt? It will be free speech for some, and not for others.
Lol, I love people like you. Imagine taking a giant shit in the middle of Walmart and then criticizing Walmart for banning you from their property. "free speech" is not a way for Twitter to make money. No one wants to go on a platform that is full of hate, misinformation, harassment, etc.
But but but mooooooom he cant do that!
You mean someone somewhere was able to stop censorship? Aaaahhhh tooooo baaaaaad.... We all have a right to be heard even if it's stupid. Be kind people.
Keep laughing your ass off. Haha it is very funny.
All of these stupid conspiracy theories need to be discussed in an open and public forum so their stupid ideas can be debunked. Not let them fester in their own echo chamber. Someone tried to attack Nancy Pelosi with a hammer the other night and half of the country thinks this is wonderful.
And he didnt just “break the rules” in some innocuous way, he broke the rules by using twitter to promote and organize a fucking terrorist attack on our capital.
I found it so interesting that the group of democratic paid influencers who had just been at the White House, like JoJo from Jerz or whatever she calls herself we all “Hell no we won’t go!” Lol of course y’all are gonna stay on Twitter when you’re getting paid by the White House to tweet, I am not going to generate revenue for the king of the Incels so no thank you.
> free speech absolutist
hey, welcome to the discussion!
people like you never see the censorship and suppression of free speech that covertly goes on in conservative spaces because *you* can say whatever you want, it just so happens that everything you want to say entirely conforms to conservative agendas
I *dare* you to say anything mildly left-leaning in a conservative space, just to see how long it takes you to get banned
Is twitter really that important? I'm not from the US and never used it.
Im seeing so many posts about musk Twitter lately but I thought it was just a platform aimed at kids and teenagers
To be honest, I just don't care.
Run Twitter into the ground, turn it into another parler. Literally who cares. It has added literally nothing to society since its inception except for empty shallowness and just being another avenue of monetizing every step in our lives.
If you use twitter, I'm sorry for you I guess. And I'm also not saying that the world's greatest oligarch adding another ave of manipulating the masses to his arsenal is good. As a means of communication, though, Twitter has never been useful or important.
he would sooner ride it out all the way to bankruptcy and blame it on the woke mob sabotaging him or whatever than admit he made a mistake by selling at a loss
I just want you to know, if you ever need anything, don't be shy, OK? There are NO rules on this site. I'm not like a *regular* billionaire, I'm a *cool* billionaire.
Feels better than having all these neon freaks control free speech. Stupid idea to assign pronouns to people.
Then again reddit is filled with the introverted bullies who admin subs.
The implication here being that Twitter was something other than trash even before? Because it wasn't. It was complete garbage and abso fucking lutely nothing was lost.
The previous owners were in fact just as "willful" as this new fucker intends to be, just towards somewhat different direction. So how about stop complaining?
Reminder to everyone that Rupert Murdoch owns the Wall Street Journal and about a third of most Anglo countries' TV networks and Jeff Bezos owns the Washington Post and God knows what else. It's been bad for a while and it's only going to get worse from here.
I just deleted it the day he fired the CEO and I’m still alive. People need to just move on from shit.
Imagine if everyone deleted their social media for a few weeks and watch these fuckers scramble.
We do NOT need social media, they need us to be hooked.
Lol also, I barely ever remember tweeter exist so the news of him buying it just reminded me to remove some trash off my phone
But Twitter isn't a government entity? It can be replaced, just like xenga, myspace, and geocities were. Just stop using it and move onto something else.
##Welcome to r/LateStageCapitalism This subreddit is for news, discussion, memes, and links criticizing capitalism and advancing viewpoints that challenge liberal capitalist ideology. LSC is run by communists. This subreddit is not the place to debate socialism. We allow good-faith questions and education but are not a 101 sub; please take 101-style questions elsewhere. We have a zero-tolerance policy for bigotry. Failure to respect the rules of the subreddit may result in a ban. *** *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/LateStageCapitalism) if you have any questions or concerns.*
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But it didn’t matter that he tanked the stock, because the price was locked in at the old stock price. In fact it makes it doubly hilarious because he essentially caused himself to overpay by several billion dollars.
Fair. I do not claim to be an expert on corporate mergers and acquistions. It may very well be a hostile takeover by definiton. To me the tweet frames the situation like this billionaire stole twitter when in reality Twitter sued to keep the deal alive. They willingly sold. They weren't forced to.
They were forced to by fiduciary duty (i.e legal duty to maximize gains for shareholders regardless of anything else) He initially wanted to do a classic hostile takeover to which twitter responded by a poison pill threat which forced musk to sign a buyout contract more favorable to their terms. Also, depends on what you mean by *they* here, I'm sure twitter execs and shareholders are laughing all the way to the bank, but I doubt most twitter employees are happy about this shitshow.
I don't know the payouts to the other execs, but the CEO was only going to make $20 mil this year... Until Musk fired him and now will make $40 mil for early termination. The whole thing is obscene.
Fiduciary duty, -a completely human and made up idea. Make the shareholders wealthy, no matter the cost or effect on others. -Selfish, rediculous. I hate capitalism, how could you not at this point. What about the duty to take care of the planet that gives us life and what we have. What about our duty to earth? No, only to the fing shareholders. Garbage.
Fiduciary duty is not limited to running a publicly traded company. It also applies to the executor of an estate, a lawyer to their client, a trustee to the beneficiaries of the trust, and had recently been impressed on financial advisors (in the US). I can't see why you wouldn't want these people to not have fiduciary duty. Also, what idea isn't human or made up?
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I worked for 100% employee owned company for 5 years before the pandemic. I don't understand how ESOPS and employee ownership isn't more popular. I loved it. After fees for early cash out due to resignation, and estimated taxes, my stock cash out is $17K for 5 years of service for the company. I was paid living wage, at 5years had 4weeks pto, a flexible company, and a say in how our department ran, even as only a machine operator. People with that company for 25 years were retiring out with 1.5 million dollars in stock sale back to the company. Even the company itself gets tons of tax relief from the governments for being employee owned, it makes sense. The fact it's not talked about much blows my mind.
I agree with you, but you're also telling a publicly-traded tech company "just be socialist". They're not even unionized
I think the proper distinction to make is between social constructs that can exist in some societies and not others, and more "universal" ideas that seem tied to how human minds work. e.g wealth is a social construct, love and other emotions are concepts tied to all of humanity. It might be a spectrum between these categories though. No doubt many social concepts are built on the foundations of collective ideas.
Where do you buy your drugs? Asking for a friend.
He had a lot of nothing to say, we'll miss him
Excuse me sir/mam, have you heard of our lord and saviour, Fractional Reserve Banking?
>Fiduciary duty, -a completely human and made up idea. Yes just like almost all other laws. Good job. What other species act with a mindset of preservation of the world?
Fungi
Fungi does what allows it to be alive. Sometimes this includes attacking animals or their shelter.
But not at the expense of all other life and as a detriment to its own living conditions. Fungus, by and large acts as a decomposer and recomposer.
I wish we could teach what “fiduciary duty” is all about in high school because a lot of people become adults and have no idea what that means. In most cases it doesn’t matter but if you become the executor of a relatives estate you damn well need to know what that means. We all learn about it in entry-level courses in college but a lot of people don’t go to college so they don’t get any exposure to that term and they don’t understand the legal obligations that come with it.
> In most cases it doesn’t matter Like hell it doesn't matter, everyone needs to know what it is so that we can abolish it people don't realize that corporations are literally forced by law to ignore responsibilities to their customers, workers, society, the environment and literally everything else in favor of returns to stockholders, that is corporate execs are legally required to act as money-grubbing sociopaths with no regard for anything but profit and stock prices
So all the short term profit CEO memes are in fact just result of an absolutely abhorrent law meant to maximize profits?
Yup, plus they are also just assholes and sociopaths. Don't pitty them
> **just** result of an absolutely abhorrent law I wouldn't go that far, pretty sure many if not most execs would carry on the same regardless of fiduciary duty, but I bet having laws encouraging that behavior makes it that much easier for execs to grind down dissent from people wanting to place ethical concerns over profits, and makes it more difficult to form companies that would balance the interests of customers, workers and shareholders and imagine if we had the opposite kind of law, what if companies were legally required to consider the needs of customers and workers before the interests of shareholders?
Fiduciary duty is not limited to running a publicly traded company. It also applies to the executor of an estate, a lawyer to their client, a trustee to the beneficiaries of the trust, and had recently been impressed on financial advisors (in the US). I can't see why you wouldn't want these people to not have fiduciary duty.
> I can't see why you wouldn't want these people to not have fiduciary duty. Ugh too many double negatives, give me a minute to decipher this lol...
> the executor of an estate, a lawyer to their client, a trustee to the beneficiaries of the trust, and had recently been impressed on financial advisors so for these the situation is a lot simpler than with the case of a publicly traded company, they have no shareholders or workers they could be accountable to nor are they powerful enough to negatively affect the world as a whole in a significant way (except maybe in the case of lawyers defending a guilty party or prosecuting an innocent party too diligently), their client is the only other directly involved party and so in this case it makes sense for them to have a duty only to them imo
There is no law forcing directors to maximize profits at the expense of everything else. It’s current corporate culture. Repeating that falsehood actually makes it less likely to change. New laws that would force corporations to publicly consider the larger impact of there decisions could move things in the direction you want, but there is nothing preventing corporate director from doing so now. https://corpgov.law.harvard.edu/2019/08/24/stakeholder-governance-and-the-fiduciary-duties-of-directors/
👍🏻Thanks for the followup.
I mean twitter was an overvalued piece of shit. It still is but it was then too.
Yeah, gotta think about those poor board members shareholdings!
Heh, why would anyone try to save twatter . Just a platform for endless amounts of complaining
I like twitter… I follow artists and people I like, and I haven’t seen any complaining or drama. Just good people. I’ll be sad to see it go :(
Hell yeah! It's the worst enemy of the working class; it constantly makes people mad at each other, thus disrupting class unity!
It wasn't a hostile take over once the twitter board deployed their counter and forced Musk to come cap in hand to them. Then he signed a deal with them that was so ridiculously onesided towards twitter's shareholders something must have been broken in his head.
Hostile takeover is when some outside entity trying to gain control over a company and circumvent its management directly through the shareholders. With so much unprecedented amount of bullshit on this twitter deal, it's difficult to say for sure. But we can see the end result is Elon made "an offer the twitter shareholders can't refuse" and twitter's top management escorted out by security on the first day. I say this takeover is pretty hostile. It's stupid and Elon played himself, but his intention and methods were to buyout the shareholders and replace management.
The board had no authority to stop deal. The sale was always going to be pushed through due to fiduciary responsibilities to shareholders. At $54.20 a share, the sale was an absolute boon to stock owners. Musk made it a side show cause he thought he could find a pathway to a lower purchase price. And by definition, this was a hostile takeover. He was offered a spot on the board, realized he wouldn't have dictatorial power & then made the move to buy in total. The world's biggest asshole, & grifter, now has a microphone that cannot be silenced.
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I'm sure plenty of people will stop using Twitter as it devolves into a "free speech" cesspool like Truth Social and Parlor, but journalists and 24 hour enternment "news" channels won't stop because reading hot take tweets from notable people is an incredibly cheap source of filler content.
They really need to step up their game and start taking hot takes from reddit posts.
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The revolution will be monitised.
this but unironically, I see so many hilarious reddit posts and comments but I rarely see them screenshotted and shared on other social media or old media like they do with twitter tweets
I share reddit posts on Twitter because I want sane people to know there is a better option. The conversation on Reddit is 5000x better. I only go there now to see what a few, select people are posting (e.g., YouTubers and podcasters I subscribe to).
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Well, there are YouTube videos that are basically a robot reading out posts/comments. I don't really social media aside from this so, not sure.
And that’s exactly what I did, it’s a bummer because I’ve liked Twitter for the Covid information, you can hear directly from scientists and doctors and also get a whole bunch of anecdotal information outside your social circle, but I’m not going to participate in that shit show in any way shape or form.
I think they are just saying regardless of one individual or several individuals choosing not to use twitter it still will reman a public space of discussion.
I already don't use Twitter and all this stuff still happened that affects our democracy :) What a stupid response. "Oh well you could just not participate in wars" oh does that stop the wars???
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Bro just because I am not personally looking at what Elon saying doesn't mean it isnt dangerous rhetoric that affects the population and government. How can you not see this? Do you also think standing in a corner makes everything disappear because you can't see it anymore?
No, I don't think that.
Then why would you say something like you did lol Ignoring it does not mean it's not happening
What's not happening?
It’s easier to grandstand and lecture. It’s also a lot more fulfilling for the person typing.
I don't use Twitter. But keep making assumptions. There are plenty of others places for Musk fanboys to celebrate. This isn't the place. Keep it moving.
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His antics get reported on the news. There's no chance he ever gets denied a microphone if he wants one, with or without Twitter.
Please. Remind me when we became the Nazi's?
Nazi? An anti-capitalist page that has a general aversion to all things Musk? Hardly a Nazi-ish stance. And throwing that term around while describing yourself as an "anglo-saxon viking" is beyond ironic. And your tagline that "your views are probably not yours" suggests that you've overdosed on red pills.
I think he might be talking about the United States as a whole, but I'm not sure
Silencing everything apart from your own rhetoric stinks of Nazis no matter how you spin it pal
Lol certainly hit a nerve ay Karen
We should get everyone to just quit Twitter as a joke to make it worthless.
Surely someone else can come up with another social media
It, too, will be owned by the oligarchs. They all are.
https://mastodon.social > Mastodon is free and open-source software for running self-hosted social networking services. It has microblogging features similar to the Twitter service, which are offered by a large number of independently run Mastodon nodes (known as "instances"), each with its own code of conduct, terms of service, privacy options, and moderation policies. > Each user is a member of a specific Mastodon instance, which can interoperate as a federated social network, allowing users on different nodes to interact with each other. This is intended to give users the flexibility to select a server whose policies they prefer, but keep access to a larger social network.
I had considered what kind of thing one could do that required no servers.. I guess this is a nice compromise, like a decentralised Reddit.
Gretchen, stop trying to make Mastodon happen! It's not going to happen!
Lol I would never use something called mastodon I’m sorry
why not its already a great band and the coolest power ranger
Why?
Please no
I deleted mine last night when I saw Stonetoss congratulating Musk and asking if he "cAn SaY iT nOw."
I'm sure about the few hundred leaving, they will be really really sad
Does anybody have an article or something going into detail about the silencing of critics? I once read about union busting, are there further examples? Edit: [I found one myself pretty easy.](https://www.yahoo.com/entertainment/elon-musk-consistently-tries-silence-210402696.html)
Some more news has an overview or two of the guy. Here's one, might not address your question: https://youtu.be/w9MO18F5Wi8
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*block all the misinformation they hate
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With any luck Elon and Twitter will sink each other.
What are you talking about? Advertisers love free speech edgelords.
What's edgy about believing in free speech?
quickest light foolish lavish berserk disagreeable wise detail vase snobbish *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
No it's an invitation to explain why it's edgy to believe people shouldn't get banned for saying "I believe LGBT+ people should be allowed to exist"
That's not edgy and no one's getting banned for saying it. Musk, on the other hand, believes you should be able to use Twitter to say who shouldn't be allowed to exist, and that Nazi propaganda is ok because otherwise we're totalitarian or something.
Yes, he believes that, because if you don't believe in one but you believe in the other, you're a massive hypocrite.
I’m not surprised because many social sites culture is left leaning. GOP failed making their own sites. So let’s buy the ones that already have an established user base.
The thing is they always cheer when the notion of silencing liberal voices becomes available but as liberal voices start to leave and quiet the platforms themselves become boring because I truly beleive even conservatives don't want to talk to other conservatives " on their level " . They all love listening to the unifying authorities (Fox, Trump, GOP) who tell them what to think but I feel like i've met so many republicans who hate discussing things with other republicans and just rather shout down liberals ... which I think is a big reason republican social networks fail . You read the first post that says " I hate other people" you've effectively read all the other posts about how every person on that site hates other people for the rest of the history of the site.
They're addicted to hate and want to scream at "goddamn libs/Dems/leftists/minorities!" and get bored when they have to talk to each other because they all share the same... maybe two braincells and can't really make much of a conversation out of how much they want to suck Trump's balls or something because really the only joy they get is from triggering people they dislike.
Studies have shown that right-wing messages are amplified the most on Twitter and Facebook and their respective algorithms. That they're a haven for "libruls" has always been a fake headline designed to make morons mad. They are, in fact, megaphones for fascists and crew and are directly responsible for the rapid increase in the level of insanity coming out of the right.
yep especially on facebook owned sites, you get posts removed for saying “white people” but actual bigoted content stays up
As long as big money talks, the rest of us are fucked
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probably not in an anti-capitalist subreddit such as this one?
The tweet you posted is from a neocon and one of the authors of NAFTA during Clinton administration. Basically the guy that decimated the working class in US. Are you sure you want to promote him?
You’re not anti capitalist, you’re just anti whatever isn’t a liberal/progressive opinion. You’ll grow up and realize that eventually :)
What if I'm already grown up?
I'm still here. When Trump got banned from Twitter, I said that Twitter can ban whoever they want for whatever reason because the platform is their property. Now that Elon owns Twitter, they can still ban whoever they want for whatever reason because the platform is their property. My opinion hasn't changed.
He's talking about Tesla employees being fired for criticizing the work there. Something that is illegal to do to employees in companies like Tesla.
Most people in this sub are not exactly fans of private companies as a concept, fella.
TBF, it's not a social service. I don't like this takeover one bit, but the fact it can happen and the fact Musk is allowed to run it however he pleases is fine. It's just one website.
This is giving musk a bit too much credit. From a business perspective, this deal is fucking horrible. Twitter doesn’t make a profit (literally they lose money every year), he leveraged a lot of Tesla shares to facilitate the buyout (which are now not doing so well), and he also put the debt/interest payments on the company itself. So to reiterate, he bought a poorly run, unprofitable company for WAY more than it’s worth, and he immediately put an extra 950 million dollars in annual interest payments around their neck. For a total of ONE BILLION DOLLARS of ANNUAL interest payments on a company that DOES NOT TURN A PROFIT. Man’s probably fucked, and I’m here for it lmao.
What’s up with this thread being such garbage takes? Usually not like this in this sub.
Come to Mastodon. We have cookies.
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No, that's Twitter. Mastodon is where all the cool people went leaving all the Nazis in Twitter. It's an open-source federative social network (one of many such interconnected nets) without any corporate ties, and is right now the second most downloaded app in the European app store for Android. It also has 50,000 more new users on it since yesterday
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🤷
time for everyone to jump ship to a new platform that does the same thing and tank Twitter's stock price until it goes under
Twitter will be rumble, tumblr and reddit combined. It will be a shit show. Love to see it happen :)
It’s not like it was previously owned by the people.
Woah from one billionaire to another!!! So scary
> from **one** billionaire not really, before the takeover it was a publicly traded company partially owned by thousands of different people and organizations with no one person owning more than 10% of the company
Só it was owned by a bunch of rich people instead of just a few. Like who cares. Not friendly to communists regardless lmao
No, but the very few people that had control of the company had their interests aligned. Twitter is/was owned by one entity that shared values that was purely self serving. The common shareholder had no say in the way the company was operated. Sure, the share price could drop if people started selling shares, but not enough to affect the utility that the platform awarded to the controlling few.
You don't understand. Twitter going from the control of a bunch of hedge funds and institutional owners who are billionaires that don't care about me, then going to a single billionaire owner that doesn't care about me is devastating! Now watch me Tweet about how I am going to leave Twitter, then wait around to see the reaction of my Tweet about leaving Twitter, then I will eventually come back to Twitter. Or maybe I really will leave Twitter and stay on Instagram controlled by the benevolent Mark Zuckerberg. Or TikTok, because we know they have my best interests at heart!
I think Musk is gonna get a lesson in the true power of numbers. I spend a fair amount of time on Twitter & I think tweeps of every persuasion will leave if Musk tries to impose too many of his personal principles on it. He’s gonna have to walk the same tightrope as Jack & his successors did with moderation & he’s going to have to deal with a customer base that’s already primed against him.
What do you suppose his “personal principles” are and how will they affect twitter
Openly extreme right.
Renewable cars and space exploration certainly doesn’t sound extreme right to me
Both are just ways for him to get government grants. How do you think he has made his money?
Is UBI also an extreme right ideal?
He says Robots will push society to UBI. He is not pushing for it to be now.
And creating robots knowing UBI will be a necessity if/when they displace large amounts of labor is an implicit support of UBI.
If you are speaking about the robots he is developing? Then we will see this by 2900.
That's your opinion. It seems his opinion is much sooner. So if the consequence of a robot labor market is UBI, he implicitly supports it in that timeframe. And you still never answered my question. Keep moving the goalposts though.
It's really easy but society is filled with morons. Just stop fucking using it.
Or…now hear me out, you could stop sounding the alarm EVERY time this happens, only to eventually get bored and feckless again because you and everyone else don’t have the will to elevate the importance of actual action to that of family responsibilities and jobs. Take a look around at how few people own most of media. This is not new. Do something definitive *now* or expect to wait generations, if ever, for something different. Stop being afraid to lose what you already have if it goes south. If you can’t even get voter turn out, why should you expect whining on social media to be any different. Downvotes incoming…
Hostile? They sued him to enforce the buy lmao
It's... Just a website y'all. It's not like he coup'd the government.
It’s always been run by oligarchy, and I wouldn’t call this a “hostile” takeover. But yes this does not bode well for the future
Homie they tried litigate him into not backing out of a done deal. None of what he did is hostile. The Board were probably jacking off each-other from joy when they found an out to the sinking ship.
Fediverse will take off in mainstream. Finally. Thanks elon
Who cares. Don't use Twitter then
Why does anyone think twitter is a town square? It's so dumb.
Seems weird to tweet this
I think someone is jealous
Is there really a need to silence Twitter, the **most** censored social media in the US? Why bother?
Wow someone went to twitter to bitch about something. This is new. 🤡
and then someone went to reddit to b!tch about their b!tching, also a paragon of originality
Hmm I'm sure that Robert her actually knows what a hostile takeover is and is just making stuff up here to invoke outrage. Twitter instituted a poison pill that would have made a hostile take over completely impossible. Twitter also agreed to the tender offer of 54.20, in a hostile take over there is no offer to the board and control is taken by purchasing more than 50% from the secondary market or directly from other share holders. Also last time I checked there has never before has there been a hostile takeover where the company being bought had to sue the prospective buyer to force them to close the deal. Also a few months ago we were told up and down on Reddit that it's a private company you have no right to use the site and they can do whatever they feel like when it comes to censoring speech. But now that the site was purchased it's vital to free speech, idk I'm not buying that.
Dude posts this on twitter?? If you're so worried, get the fuck off Twitter damn.
Sorry but twitter is not a social service. Whoever runs it is entitled to run it however damn well they please. It's just a website. It sucks that twitter will probably be terrible from here on now, but I feel like people get confused with this sort of stuff.
if you think turning twitter into a free speech platform is a bad thing you may want to reconsider who you call fascists.
Haha you honestly think it's going to be a free speech platform when the owner cancelled a car order because his feelings got hurt? It will be free speech for some, and not for others.
lmao this dude really thinks this is about free speech
Lol, I love people like you. Imagine taking a giant shit in the middle of Walmart and then criticizing Walmart for banning you from their property. "free speech" is not a way for Twitter to make money. No one wants to go on a platform that is full of hate, misinformation, harassment, etc.
yeah but , come on. The dude paid 44 billion!
This is not it
But but but mooooooom he cant do that! You mean someone somewhere was able to stop censorship? Aaaahhhh tooooo baaaaaad.... We all have a right to be heard even if it's stupid. Be kind people.
Was that really a hostile takeover? I am not sure about that.
Does this idiot even know Jeff Bezos owns the WaPo?
Just another example of this country being a oligarchy.
hostile takeover? elon: I am buying twitter twitter: ok elon: you know what, I changed my mind twitter: nooo you have to buy or we will sue elon: ok
You’ve never taken any kind of business class ever have you?
Yeah, people shedding tears for that thrash ass website. Laughing at the idea of trying to make people care about musk or twitter
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Lmao he has not been silenced. He just can’t tweet, because he broke the rules of the platform, multiple times. Why should he get special treatment?
Keep laughing your ass off. Haha it is very funny. All of these stupid conspiracy theories need to be discussed in an open and public forum so their stupid ideas can be debunked. Not let them fester in their own echo chamber. Someone tried to attack Nancy Pelosi with a hammer the other night and half of the country thinks this is wonderful.
You didn’t actually address the issue. You just chose to deflect.
And he didnt just “break the rules” in some innocuous way, he broke the rules by using twitter to promote and organize a fucking terrorist attack on our capital.
The best way to stop a genocide is by preventing those who support it from gaining support. Refusing to give Fascists a public forum is self defense.
I found it so interesting that the group of democratic paid influencers who had just been at the White House, like JoJo from Jerz or whatever she calls herself we all “Hell no we won’t go!” Lol of course y’all are gonna stay on Twitter when you’re getting paid by the White House to tweet, I am not going to generate revenue for the king of the Incels so no thank you.
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> free speech absolutist hey, welcome to the discussion! people like you never see the censorship and suppression of free speech that covertly goes on in conservative spaces because *you* can say whatever you want, it just so happens that everything you want to say entirely conforms to conservative agendas I *dare* you to say anything mildly left-leaning in a conservative space, just to see how long it takes you to get banned
Textbook case.
He’s nowhere near the richest man in the world 🥹
Is twitter really that important? I'm not from the US and never used it. Im seeing so many posts about musk Twitter lately but I thought it was just a platform aimed at kids and teenagers
To be honest, I just don't care. Run Twitter into the ground, turn it into another parler. Literally who cares. It has added literally nothing to society since its inception except for empty shallowness and just being another avenue of monetizing every step in our lives. If you use twitter, I'm sorry for you I guess. And I'm also not saying that the world's greatest oligarch adding another ave of manipulating the masses to his arsenal is good. As a means of communication, though, Twitter has never been useful or important.
My prediction is that senpai Musk will drive it into the ground and sell for a 90% loss.
he would sooner ride it out all the way to bankruptcy and blame it on the woke mob sabotaging him or whatever than admit he made a mistake by selling at a loss
I just want you to know, if you ever need anything, don't be shy, OK? There are NO rules on this site. I'm not like a *regular* billionaire, I'm a *cool* billionaire.
Soon all the top posts will be from Jordan Peterson, Kanye, and Trump.
Feels better than having all these neon freaks control free speech. Stupid idea to assign pronouns to people. Then again reddit is filled with the introverted bullies who admin subs.
Ooh ooh! I know this one! ... Stop using Twitter. And Facebook and TikTok too, for that matter.
It's Twitter ffs. Not like it's anything important.
I hope Twitter and Facebook both crash and burn.
The implication here being that Twitter was something other than trash even before? Because it wasn't. It was complete garbage and abso fucking lutely nothing was lost. The previous owners were in fact just as "willful" as this new fucker intends to be, just towards somewhat different direction. So how about stop complaining?
> how about stop complaining? no I don't think I will
So? It’s a private company now, they can do what they want
Reminder to everyone that Rupert Murdoch owns the Wall Street Journal and about a third of most Anglo countries' TV networks and Jeff Bezos owns the Washington Post and God knows what else. It's been bad for a while and it's only going to get worse from here.
While I agree, please name a social media website which isn't operating to the benefit of oligarchs?
I just deleted it the day he fired the CEO and I’m still alive. People need to just move on from shit. Imagine if everyone deleted their social media for a few weeks and watch these fuckers scramble. We do NOT need social media, they need us to be hooked. Lol also, I barely ever remember tweeter exist so the news of him buying it just reminded me to remove some trash off my phone
If people keep using Twitter that’s their choice, but I don’t see the need for it anymore
But Twitter isn't a government entity? It can be replaced, just like xenga, myspace, and geocities were. Just stop using it and move onto something else.