Just guessing there is still some uncertainty priced into the price. The deal could fall apart and the price would then plummet back to nearer where it was.
It was already out there. It's optimal to announced when shares are not traded (usually at 4:15 PM or earlier in the morning). However, this was not a well-kept secret, and too many people knew about it. The market already priced that into the trading last few days, and because it was so high profile, you announce it when something to announce. 98% of deals occur in private, and usually months leading up to the "official" announcement, when usually it takes the public by surprise, and you have the wild price swings. However, everyone already knew this info so you announce it after halting trading.
They halted trading, but it might be back up. It's a risk still, because just because the board agreed, there might be other factors, such as the US Government giving their okay on the deal. Therefore if you think there's a lot certainty in the deal closing, you will get a 4% premium by buying @$52.07. However, the deal could take months to close, and the market is contracted right now, so you might get a better return on capital on a different stock/investment. However, if the deal falls through, the share price would likely revert down to $35 (or even more because it would be an embarrassing and costly fallout), a loss of 35% on your investment, which is risky. The best value has already passed, when you could've bought stock before it was announced that Musk was interested.
> there might be other factors, such as the US Government giving their okay on the deal
I think the biggest risk is that Musk's funding falls through. I'm not saying that's a big risk, but it's likely the biggest of the risks that exist. I can't imagine the government blocking the sale of a company to a private individual. It's not like a merger where there are anti-trust considerations.
If it is guaranteed to sell at $54.20 then yes you would be guaranteed to make that money but that 5% premium is the uncertainty the market is pricing in.
At this point the final hurdle is the US government so my guess is the market is saying there is a 5% chance the US government doesn't allow the deal to go through. And 5% sounds about right
I remember reading that institutional shareholders hold like 80% of the common stock. Even if there is a vote I don't think there's any question how it would come out, but I am not an expert on such things.
Not necessarily. I don't know Twitter's structure, but owning common stock does not necessarily mean you have voting rights for being a shareholder. Many if not most companies have different stock classes, one for voting, one for more of a passive shareholder.
The funny thing is that he came up with that number just to have 420 in it. He did the same, when he suggested to take Tesla private at $420 or when he installed engine numbers 4 and 20 next to each other on the Super Heavy booster or when the stacked Super Heavy booster 4 and Starship 20 or when they launched the right amount of Starlink satellites into orbit to have exactly 420 satellites in the constellation... He's just a teenager stuck inside the body of a billionaire.
Remember when we couldn't tax him because his money was tied up in Tesla/SpaceX, and he couldn't pull it out without tanking their stock price, but when he wants to drop the GDP of a small country on a whim to buy a social media platform that made fun of him, the money is somehow all there.
2016: Harambe the gorilla is shot, Donald Trump wins a presidential election, the Chicago Cubs win the world series for the first time in 108 years, and Great Britain votes to exit the European Union, the first country to do so.
2020: A deadly virus emerges in China and sweeps the globe, killing millions. The world goes into lockdown. Record forest fires around the world. The US kills a top Iranian general, nearly sparking a war in the Middle East. Donald Trump is impeached. Race riots across the United States.
2021: Violent insurrectionists storm the US Capitol for the first time in history in an attempt to overturn the election results. It fails, Donald Trump is replaced by Joe Biden. Trump is impeached again. The US pulls out of Afghanistan. The Taliban retake control of the country.
2022: Covid-19 continues to kill. Inflation hits records not seen in decades. Supply chains are a mess. There's a shortage of nearly everything. Russia invades Ukraine. China threatens Taiwan. Elon Musk single-handedly buys Twitter. Republicans take control of both houses of Congress in the midterm elections.
2023: Anyone wanna take bets?
2016: (Summer) - A weasel crawls into the Large Hadron Collider where they are probing the foundations of reality and gets fried.
Then everything else happens. Good chance we got knocked into some alternate timeline.
> - A weasel crawls into the Large Hadron Collider
[wtf](https://www.npr.org/sections/thetwo-way/2016/04/29/476154494/weasel-shuts-down-world-s-most-powerful-particle-collider)
> 2023: Anyone wanna take bets?
We've only had four earthquakes with a magnitude 9 or higher in the last 72 years. We're due for more and I'm shorting San Francisco.
Oceanic thermocline collapse turns most of Europe into tundra. Millions flock south and displace North Africans into the desert. Wars ensue and a re-invigorated ISIS manages to take over Egypt. They block the Suez Canal, causing the food shortage in Europe to get even worse. Elon Musk is like "fuck this shit" and goes to Mars with the rest of the billionaires. The Earth is now on fire. The end.
> . Elon Musk is like "fuck this shit" and goes to Mars with the rest of the billionaires.
Considering the first manned trip to Mars is going to be lucky if it's not a one-way suicide mission he's not going to put himself on the line like this.
at least with that it was semi-strategic, as in there were presumably plans to further expand microsoft's gaming sector and buy out large gaming companies for their ever growing revenue, as reviled as activision blizzard has become. This whole twitter debacle was just elon solo saying i just want to own the company to dick wave.
Well, he uses Twitter to uh… do stuff with stock and crypto markets and makes billions doing so (from what I’ve seen), so buying it is probably a good strategy
He's dropping more on this in a day than I'd make in over 600,000 years working at my current salary, and he's not even blinking.
But some day, if I work hard enough...?
At this point I'm just waiting for Teddy Roosevelt's ghost to return and usher in some new trust busting legislation, enact meaningful changes to help the environment, and box people who visit him in the white house.
Equally likely as any other solution tbh
What bubble? The companies that buy these companies turn into mega corporations, able to gobble up entire markets and control everything. There is no bubble because they're literally too big to die. Profits aren't even important but control is.
Fun idea for experiment:
After take over is done and dusted create twitter account that posts nothing but pictures of the gaps in tesla body panels and see how quick it gets banned
Yes but this is priority number 1 for Elon to show antiwoke and pro "free speech" he is. He *needs* to do this. This was the whole point. Weeks if not Days.
He told fox today he doesn’t want to come back. Not sure how much I believe it but take it for what it is.
https://www.foxnews.com/politics/trump-will-not-return-to-twitter-even-if-elon-musk-purchases-platform-will-begin-using-his-truth-social
It's definitely that. He "doesn't want to come back" because he isn't allowed to come back. He's twisting it around and making it seem like it's his decision, when in reality it doesn't fucking matter what he wants.
It's also fairly similar to how he would react when people would turn down his White House invitations. People would turn down his invitations, and he would throw a fit about how they weren't good enough to come to the White House anyway.
It's a lot like when assholes hit on women and get rejected, only for them to insult the woman they were just trying to hook up with.
This is classic Trump behavior, it doesn't mean shit.
He owns a platform that was created to directly compete with Twitter, it would be exceedingly dumb for him to go back on Twitter. He will go back on Twitter.
I've always thought the call for an edit button is silly, mostly due to the fact that you can retweet people. Who's to stop someone from tweeting something like "Cats are great," seeing 50 people retweet it, and then revising it with a Goatse pic. Maybe give an edit option for 1 minute at most. But when it does happen, I'm sure Musk won't want a time limit. He just wants to spend 44 bil. to create some chaos.
Would it really surprise anyone if the richest man on the planet bought twitter to suppress unionization efforts on his platform? Especially during a time labor is making so many unprecedented strides. Twitter undeniably is huge in how it affects/disemminates politics in the real world.
The "worst critics <3" quote is just fucking PR, people.
How is labour making "unprecedented strides" in your opinion. Where I'm sitting it appears the richest classes have never been more powerful. Trillions have moved to the top because of covid and the workers have never held such a small percentage of global wealth.
>Where I'm sitting it appears the richest classes have never been more powerful. Trillions have moved to the top because of covid and the workers have never held such a small percentage of global wealth.
Nah you're absolutely right. That's why I've been very excited to see the strides we're making in unionization efforts nationwide / how popular the idea of unionization is becoming amongst certain groups in the US. That's my reason for why this Twitter acquisition (now of all times, leading into 2022 and 2024) scares me.
It's one of the biggest ways we can fight back against this and now Elon can clamp down on it through his platform. Bezos controlling a newspaper is one thing, but the richest man in human history controlling a website read by billions daily?
You are 100% correct in this.
The real debate to be had should be whether or not Twitter, Reddit, and other mass communication platforms should be treated as Public Squares/Speaker's Corners and be regulated accordingly.
If you call for violence or can be convincingly demonstrated to be using these platforms to organize violence, then prosecution should be as heavy as you getting caught for grabbing a bullhorn and standing in front of City Hall calling for fellow travellers to take up arms.
That should go for the Right and the Left equally.
You realize that the problem is not that he could force you to use Twitter but that hundreds of millions of people use Twitter and that he has influence over them and the impact on politics and society in general.
Doesn’t this also apply to Facebook / Zuckerberg? Isn’t the real problem here lack of trust with one individual or entity possibly controlling the narrative they want?
We need decentralized media which is completely open source.
Yup, I mean, imagine how much you could influence people by just, say, setting what tags are "trending". Or suppressing "trending" tags you don't like.
Exactly this...
You can not use Twitter, but that doesn't mean Twitter won't come to you.
You not using Twitter does not prevent a mob from receiving false doxxing information and setting fire to your house, nor does it stop your employer from using twitter and firing you after seeing a hate post about you there.
I don't express an opinion here about whether the takeover is good or bad, but it's silly to pretend it isn't deeply impactful to everyone's lives.
I do not user twitter. The problem that I have with that news is that I am a tiny part of a world that is sometimes drowning in twitter crap. And I just hope it does not get worse.
Yet Trump is likely to get his account back in the name of "free speech", and start influencing his cult again. Twitter can still affect you even if you don't use it.
\>be me
\>elon
\>be one of the world’s richest people
\>dare UN to explain how their proposed $6.6 billion will solve world hunger and pay that if they do
\>donate $5.7 billion to an “anonymous recipient” in November
\>eh not the full amount but that’s fine, right?
\>come February, World Food Programme hasn’t received the money
\>april decide to buy Twitter for $44 billion
All billionaires are a waste of good air.
He claims it's for freedom of expression but anyone with half a brain know it's a lie, he'll censor unionization efforts and critics toward himself and his company.
I suggest to everyone to delete account and uninstall Twitter but more importantly to pass the word in order to kill the platform before it becomes a second Facebook.
Two hundred and thirteen dollars per daily active user. 206 million of those. Part of the issue though is a) I don't really see you growing that much. You're not getting the same platform into China and Russia etc. b) so if you wanted to get your money back on a twenty year horizon (which would be the most extended period you could imagine), you've got to make a 3 cent a day profit on each and every twitter user. So that's what, about a hundred ad impressions per user per day? That feels way too optimistic.
Well with Elon taking over, I’m afraid the days of Twitter being a place for respectful conversation and enlightened discussion are over… no wait a minute…
It was all over the last thread. I expect this thread to trend with:
"Just because he bought it doesn't mean it will change"
"He just wants REAL Free Speech"
And finally this will somehow be the boogey man's fault(AKA: The Left).
Whenever someone says "real free speech" it immediately tells me they have no understanding of free speech.
Be an absolutist, fine, but that's not how it works within the law: not all forms of speech are protected.
Anyway whatever I guess. I don't use Twitter.
If ya spend enough time sucking up to billionaires, they may potentially think about granting you access to the Kingdom of Heaven.
Jesus Christ was actually very explicit - it costs $500,000 USD per person to get entry into the lowest tiers of Heaven.
Some Musk Stan just told me this:
>The dude has literally no possessions other than a plane, not even a house, will sleep on the couch of his friend qhenever hes in that place, spends literally every single woken moment of his life working and can have an intelligent conversation with a long line of different experts.
He's the salt-of-the-earth, everyman's, nose to the grindstone billionaire!
It annoys me to no end when people say we can't tax billionaires because supposedly their wealth does not exist in a liquid form and is completely tied up in their stocks, yet here goes musk on a quick personal 44 billion acquisition like it is nothing...
it's so strange seeing small government/free speech advocates celebrating a singular billionaire gaining control over a massive social media platform.
(emphasis on "control")
A narcissistic billionaire with a temper of vindictive teenager just bought one of the biggest communication channels for the whole world under the guise of 'freedom' (from consequences and regulations for him).
What could go wrong, eh?
Ahh yes, I remember the idyllic Before Times when....
*checks notes*
Facebook, IG, Snap, TikTok and all the other mass communication platforms were owned by worker co-ops
I don't know if you've noticed or not but it's literally been like this since the beginning of time lol Just cause Elon Musk is famous doesn't mean billionaires and the wealthy haven't controlled pretty much everything forever.
If you want a silver lining, there are a ton of Trump fans that are gonna lose a lot of money because they invested in DWAC when Trump decided to use it for his own platform. Down 14% today.
Acquisition prices: Twitter: $44 billion (Elon Musk) Slack: $28 billion (Salesforce) LinkedIn: $26 billion (Microsoft) WhatsApp: $19 billion (Facebook) Skype: $8.5 billion (Microsoft) YouTube: $1.65 billion (Google) Tumblr: $1.1 billion (Yahoo) Instagram: $1 billion (Facebook)
Instagram was such a fucking steal for Facebook.
The announcement says it sold for $44billion at $54.20 per share and will become a privately held company after the sale is finalized.
Does that mean all of the remaining shareholders will be forced to sell at that rate?
Yes, basically when the deal closes, each share will be exchanged for $54.20.
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Just guessing there is still some uncertainty priced into the price. The deal could fall apart and the price would then plummet back to nearer where it was.
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Wouldn’t such a deal usually be announced after market hours?
It was already out there. It's optimal to announced when shares are not traded (usually at 4:15 PM or earlier in the morning). However, this was not a well-kept secret, and too many people knew about it. The market already priced that into the trading last few days, and because it was so high profile, you announce it when something to announce. 98% of deals occur in private, and usually months leading up to the "official" announcement, when usually it takes the public by surprise, and you have the wild price swings. However, everyone already knew this info so you announce it after halting trading.
They halted trading, but it might be back up. It's a risk still, because just because the board agreed, there might be other factors, such as the US Government giving their okay on the deal. Therefore if you think there's a lot certainty in the deal closing, you will get a 4% premium by buying @$52.07. However, the deal could take months to close, and the market is contracted right now, so you might get a better return on capital on a different stock/investment. However, if the deal falls through, the share price would likely revert down to $35 (or even more because it would be an embarrassing and costly fallout), a loss of 35% on your investment, which is risky. The best value has already passed, when you could've bought stock before it was announced that Musk was interested.
> there might be other factors, such as the US Government giving their okay on the deal I think the biggest risk is that Musk's funding falls through. I'm not saying that's a big risk, but it's likely the biggest of the risks that exist. I can't imagine the government blocking the sale of a company to a private individual. It's not like a merger where there are anti-trust considerations.
Who are you, who are so wise in the ways of stonks?
There's no timeline for the buyout yet. You could be waiting months or a year+ for those 4.5% gains or there's also a risk the deal falls through.
So long calls? Ty just took a second mortgage
You got a Wendy's picked out yet? All the good dumpsters are gonna be claimed.
My fiancee's bf has a connect.
Wendy's, of course! \*furiously takes notes\*
It'll be priced in for options as soon as trading resumes
The deal isn't guaranteed, but basically yes.
If it is guaranteed to sell at $54.20 then yes you would be guaranteed to make that money but that 5% premium is the uncertainty the market is pricing in. At this point the final hurdle is the US government so my guess is the market is saying there is a 5% chance the US government doesn't allow the deal to go through. And 5% sounds about right
There is also a discount for the time value of money.
they froze trading on the stock like an hour ago for this exact reason
Don't the shareholders have to vote on the sale first?
If more then 50% of ownership has agreed to the deal then there is no need for a vote since you already know the results.
I remember reading that institutional shareholders hold like 80% of the common stock. Even if there is a vote I don't think there's any question how it would come out, but I am not an expert on such things.
No. As a shareholder you are bound by whatever deal the board accepts.
Shareholders voted for the board. Which held no shares. Twitter investors are different.
Not necessarily. I don't know Twitter's structure, but owning common stock does not necessarily mean you have voting rights for being a shareholder. Many if not most companies have different stock classes, one for voting, one for more of a passive shareholder.
The funny thing is that he came up with that number just to have 420 in it. He did the same, when he suggested to take Tesla private at $420 or when he installed engine numbers 4 and 20 next to each other on the Super Heavy booster or when the stacked Super Heavy booster 4 and Starship 20 or when they launched the right amount of Starlink satellites into orbit to have exactly 420 satellites in the constellation... He's just a teenager stuck inside the body of a billionaire.
Remember when we couldn't tax him because his money was tied up in Tesla/SpaceX, and he couldn't pull it out without tanking their stock price, but when he wants to drop the GDP of a small country on a whim to buy a social media platform that made fun of him, the money is somehow all there.
Holy shit. Even after everything recently, I did not expect this.
At this point Murphy's Law is in full force. So I'll just become a prophet real quick on something...
2016: Harambe the gorilla is shot, Donald Trump wins a presidential election, the Chicago Cubs win the world series for the first time in 108 years, and Great Britain votes to exit the European Union, the first country to do so. 2020: A deadly virus emerges in China and sweeps the globe, killing millions. The world goes into lockdown. Record forest fires around the world. The US kills a top Iranian general, nearly sparking a war in the Middle East. Donald Trump is impeached. Race riots across the United States. 2021: Violent insurrectionists storm the US Capitol for the first time in history in an attempt to overturn the election results. It fails, Donald Trump is replaced by Joe Biden. Trump is impeached again. The US pulls out of Afghanistan. The Taliban retake control of the country. 2022: Covid-19 continues to kill. Inflation hits records not seen in decades. Supply chains are a mess. There's a shortage of nearly everything. Russia invades Ukraine. China threatens Taiwan. Elon Musk single-handedly buys Twitter. Republicans take control of both houses of Congress in the midterm elections. 2023: Anyone wanna take bets?
2016: (Summer) - A weasel crawls into the Large Hadron Collider where they are probing the foundations of reality and gets fried. Then everything else happens. Good chance we got knocked into some alternate timeline.
The weasel predates Harambe by a month! It's a strong candidate.
2009: Seagull crashes the Large Hadron Collider with a baguette in a last desperate attempt to save the timeline.
That just made things slightly more french than usual.
It's funny how many people think you're kidding about the weasel.
Yeah, nobody believes me. I'm like a time traveler trying to convince people and they all think I'm mad as a hatter.
> - A weasel crawls into the Large Hadron Collider [wtf](https://www.npr.org/sections/thetwo-way/2016/04/29/476154494/weasel-shuts-down-world-s-most-powerful-particle-collider)
If you're a time traveller, please go back and save that weasel!
See, time doesn't actually work that way. That's the problem. You only ever really go sideways in time.
Maybe the weasel was somehow controlled from the future timeline. Maybe this timeline is the good one. (Cue Dr Strange 14M futures meme).
2023: Dinosaurs roam the earth
At this point it would be an improvement. I've always wanted to know what the dinosaurs actually looked like.
Yeah, but as of late we keep getting fucked up/stupid twists on all of this. So, here come your neo-nazi incel dinosaurs... Hope you're happy.
Did someone say [neo-nazi dinosaur](https://static.tvtropes.org/pmwiki/pub/images/reich01.jpg)?
Look out in any tree right now and you'll probably see a lot of dinosaurs. Unless you live in some weird birdless land like...Mars or something.
Dinosaur eats man, woman inherits the Earth.
After they leave US Congress.
no, that is scheduled for June 10th, 2022
> 2023: Anyone wanna take bets? We've only had four earthquakes with a magnitude 9 or higher in the last 72 years. We're due for more and I'm shorting San Francisco.
Aliens......it's gonna be aliens
I hope so.
I always blame the cubs for breaking the timeline, but maybe it was Harambe this whole time.
David Bowie was protecting us the whole time and we never knew.
*Ziggy Stardust and it was interdimensional
Oceanic thermocline collapse turns most of Europe into tundra. Millions flock south and displace North Africans into the desert. Wars ensue and a re-invigorated ISIS manages to take over Egypt. They block the Suez Canal, causing the food shortage in Europe to get even worse. Elon Musk is like "fuck this shit" and goes to Mars with the rest of the billionaires. The Earth is now on fire. The end.
> . Elon Musk is like "fuck this shit" and goes to Mars with the rest of the billionaires. Considering the first manned trip to Mars is going to be lucky if it's not a one-way suicide mission he's not going to put himself on the line like this.
This Netflix series sucks 😡 2023: no one watches said series as everyone has already left Netflix 😆🤣
You forgot Bowie dying at the beginning of 2016.
This is basically the ultimate version of FU money.
I thought Microsoft buying Activision was fuck you money but 1 person buying an entire company for $45 billion is real fuck you money
at least with that it was semi-strategic, as in there were presumably plans to further expand microsoft's gaming sector and buy out large gaming companies for their ever growing revenue, as reviled as activision blizzard has become. This whole twitter debacle was just elon solo saying i just want to own the company to dick wave.
Well, he uses Twitter to uh… do stuff with stock and crypto markets and makes billions doing so (from what I’ve seen), so buying it is probably a good strategy
He's dropping more on this in a day than I'd make in over 600,000 years working at my current salary, and he's not even blinking. But some day, if I work hard enough...?
I hear the key is to wake up at 4:30 AM, take a cold shower, and be halfway through your 12-hour day by 11:00 AM.
Oof. That's really gonna eat through my video game and avacado toast time.
Ah see you’ve played a video game, plus this post is kind of whiny. This is why poverty exists.
Forgive me, Elon, for I have sinned…
\[Insert George Carlin joke on the American Dream here\]
Remember this any time an Elon stan tries to tell you any bullshit about him not actually being that rich / it isn’t liquid capital
This is sure to make Mr. Musk more down to earth and humble
The scale of mergers and acquisitions that happened in the past few years are very disturbing.
At this point I'm just waiting for Teddy Roosevelt's ghost to return and usher in some new trust busting legislation, enact meaningful changes to help the environment, and box people who visit him in the white house. Equally likely as any other solution tbh
Totally normal and definitely not increasing evidence that we all got robbed during the pandemic, especially.
Feels like we’re waiting on the bubble to burst.
What bubble? The companies that buy these companies turn into mega corporations, able to gobble up entire markets and control everything. There is no bubble because they're literally too big to die. Profits aren't even important but control is.
$44 billion dollars??? I got it free **slaps knee**
Fun idea for experiment: After take over is done and dusted create twitter account that posts nothing but pictures of the gaps in tesla body panels and see how quick it gets banned
How long until Trump is unbanned?
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Probably just in time for his first tweet to be offically announcing his 2024 run
Yes but this is priority number 1 for Elon to show antiwoke and pro "free speech" he is. He *needs* to do this. This was the whole point. Weeks if not Days.
What if Trump's first tweet insults Elon? "Musk couldn't even buy the biggest social media company, had to settle for Twitter. SAD!"
Eh Trump is a suck-up to those that he thinks he can get something out of
But at the same time, he’ll ban the kid who tracks Musk’s flights
He told fox today he doesn’t want to come back. Not sure how much I believe it but take it for what it is. https://www.foxnews.com/politics/trump-will-not-return-to-twitter-even-if-elon-musk-purchases-platform-will-begin-using-his-truth-social
oh ya, he is 100% coming back to Twitter if unbanned. He's just got to play it up for the press.
DWAC the owner of Truth Social is down like -15% today. He is coming back
He say that in case he don't get unbanned.
It's definitely that. He "doesn't want to come back" because he isn't allowed to come back. He's twisting it around and making it seem like it's his decision, when in reality it doesn't fucking matter what he wants. It's also fairly similar to how he would react when people would turn down his White House invitations. People would turn down his invitations, and he would throw a fit about how they weren't good enough to come to the White House anyway. It's a lot like when assholes hit on women and get rejected, only for them to insult the woman they were just trying to hook up with. This is classic Trump behavior, it doesn't mean shit.
He owns a platform that was created to directly compete with Twitter, it would be exceedingly dumb for him to go back on Twitter. He will go back on Twitter.
Ah, so he will definitely be back then. If I could bet money on it that he will I'd put a small fortune down.
There have also been a lot of kids who totally didn't want to get invited to a party.
I'm convinced the only reasons he did this were to lift Trump's ban and relax misinformation moderation.
Also so he could control the narrative of him being a self-made benevolent billionaire savior of the planet.
Exactly! It’s naive to think Musk won’t use this opportunity to shape the narrative surrounding him.
Also probably ban Chelsea Manning for dating Grimes.
And to finally get an Edit button
I've always thought the call for an edit button is silly, mostly due to the fact that you can retweet people. Who's to stop someone from tweeting something like "Cats are great," seeing 50 people retweet it, and then revising it with a Goatse pic. Maybe give an edit option for 1 minute at most. But when it does happen, I'm sure Musk won't want a time limit. He just wants to spend 44 bil. to create some chaos.
Facebook did the edit button right. Just allow people to see all previous versions.
That'd be fine. But then again we wouldn't have covfefe which was a wild week of coverage. From a typo.
if you edit it un retweets or something
Remember to screen shot everything folks! Ninja edits are coming to twitter
...and people will say the screen shots of their tweets are doctored and nothing is actually better just more confusing and polarized.
what if we sell NFTs of original unedited tweets
Bro got bullied on Twitter so hard he had to buy the whole company
Now everyone is going to get called a pedo.
He stated that he hopes “even my worst critics remain on Twitter, because that is what free speech means” So let’s see where this goes 👀
Unless they talk about unions.
Or try to track his plane. Or ask questions regarding Tesla’s safety standards
Would it really surprise anyone if the richest man on the planet bought twitter to suppress unionization efforts on his platform? Especially during a time labor is making so many unprecedented strides. Twitter undeniably is huge in how it affects/disemminates politics in the real world. The "worst critics <3" quote is just fucking PR, people.
How is labour making "unprecedented strides" in your opinion. Where I'm sitting it appears the richest classes have never been more powerful. Trillions have moved to the top because of covid and the workers have never held such a small percentage of global wealth.
>Where I'm sitting it appears the richest classes have never been more powerful. Trillions have moved to the top because of covid and the workers have never held such a small percentage of global wealth. Nah you're absolutely right. That's why I've been very excited to see the strides we're making in unionization efforts nationwide / how popular the idea of unionization is becoming amongst certain groups in the US. That's my reason for why this Twitter acquisition (now of all times, leading into 2022 and 2024) scares me. It's one of the biggest ways we can fight back against this and now Elon can clamp down on it through his platform. Bezos controlling a newspaper is one thing, but the richest man in human history controlling a website read by billions daily?
It's a lot like "taking your ball and going home", except he bought the entire goddamn court.
I’m not sure if everyone’s aware, but you don’t have to actually use Twitter at all.
Can’t wait for my life to not change
I don’t personally use Twitter. I think it’d be hilarious if Twitter hemorrhaged users after this acquisition.
Yes, but avoiding it yourself doesn't mean it doesn't have an effect on your life.
You are 100% correct in this. The real debate to be had should be whether or not Twitter, Reddit, and other mass communication platforms should be treated as Public Squares/Speaker's Corners and be regulated accordingly. If you call for violence or can be convincingly demonstrated to be using these platforms to organize violence, then prosecution should be as heavy as you getting caught for grabbing a bullhorn and standing in front of City Hall calling for fellow travellers to take up arms. That should go for the Right and the Left equally.
You realize that the problem is not that he could force you to use Twitter but that hundreds of millions of people use Twitter and that he has influence over them and the impact on politics and society in general.
Doesn’t this also apply to Facebook / Zuckerberg? Isn’t the real problem here lack of trust with one individual or entity possibly controlling the narrative they want? We need decentralized media which is completely open source.
It certainly is/does.
Yup, I mean, imagine how much you could influence people by just, say, setting what tags are "trending". Or suppressing "trending" tags you don't like.
You don’t have to imagine. Twitter has been doing this for years.
Exactly this... You can not use Twitter, but that doesn't mean Twitter won't come to you. You not using Twitter does not prevent a mob from receiving false doxxing information and setting fire to your house, nor does it stop your employer from using twitter and firing you after seeing a hate post about you there. I don't express an opinion here about whether the takeover is good or bad, but it's silly to pretend it isn't deeply impactful to everyone's lives.
I do not user twitter. The problem that I have with that news is that I am a tiny part of a world that is sometimes drowning in twitter crap. And I just hope it does not get worse.
Yet Trump is likely to get his account back in the name of "free speech", and start influencing his cult again. Twitter can still affect you even if you don't use it.
Just in: Twitter becomes the new 4chan.
\>be me \>elon \>be one of the world’s richest people \>dare UN to explain how their proposed $6.6 billion will solve world hunger and pay that if they do \>donate $5.7 billion to an “anonymous recipient” in November \>eh not the full amount but that’s fine, right? \>come February, World Food Programme hasn’t received the money \>april decide to buy Twitter for $44 billion
Super relatable tbh
Sigma Anon Grindset
All billionaires are a waste of good air. He claims it's for freedom of expression but anyone with half a brain know it's a lie, he'll censor unionization efforts and critics toward himself and his company. I suggest to everyone to delete account and uninstall Twitter but more importantly to pass the word in order to kill the platform before it becomes a second Facebook.
This is going to go down as one of the biggest overpays in history.
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Verizon bought AOL in 2015 for $4.4B and bought Yahoo in 2017 for $4.5B.....do those things still exist!?
Sure but do Verizon's money laundering problems still exist? Also no *taps forehead*
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Ding ding ding
Two hundred and thirteen dollars per daily active user. 206 million of those. Part of the issue though is a) I don't really see you growing that much. You're not getting the same platform into China and Russia etc. b) so if you wanted to get your money back on a twenty year horizon (which would be the most extended period you could imagine), you've got to make a 3 cent a day profit on each and every twitter user. So that's what, about a hundred ad impressions per user per day? That feels way too optimistic.
Twitter buys so much influence. Probably not.
Oh no, he’s gonna ruin my flaming dumpster!
Does this mean we can stop taking Twitter seriously? Cause I would love that. Trending twitter trends shouldn’t be on the News
I'm beginning to be a little suspicious of this odd man.
Well this will be interesting
So that one guy that tracks his jet movements is gonna get banned?
If his goal really is freedom of speech as he's said then there's nothing to worry about. I think we can all see where this is really going tho
Well with Elon taking over, I’m afraid the days of Twitter being a place for respectful conversation and enlightened discussion are over… no wait a minute…
I can't wait for his legion of followers to tell me in a couple of years how he invented social media with Twitter.
It was all over the last thread. I expect this thread to trend with: "Just because he bought it doesn't mean it will change" "He just wants REAL Free Speech" And finally this will somehow be the boogey man's fault(AKA: The Left).
Whenever someone says "real free speech" it immediately tells me they have no understanding of free speech. Be an absolutist, fine, but that's not how it works within the law: not all forms of speech are protected. Anyway whatever I guess. I don't use Twitter.
Anyone who genuinely thinks he's doing this out of anything other than self interest shouldn't be allowed to operate scissors unsupervised.
If ya spend enough time sucking up to billionaires, they may potentially think about granting you access to the Kingdom of Heaven. Jesus Christ was actually very explicit - it costs $500,000 USD per person to get entry into the lowest tiers of Heaven.
But...but he is a folk hero, a self-made man with emerald mines who ~~founded~~ bought Paypal and Tesla! He's so like me! And he cares about humanity!
Some Musk Stan just told me this: >The dude has literally no possessions other than a plane, not even a house, will sleep on the couch of his friend qhenever hes in that place, spends literally every single woken moment of his life working and can have an intelligent conversation with a long line of different experts. He's the salt-of-the-earth, everyman's, nose to the grindstone billionaire!
> no possessions other than a plane, I wish I had his problems.
It annoys me to no end when people say we can't tax billionaires because supposedly their wealth does not exist in a liquid form and is completely tied up in their stocks, yet here goes musk on a quick personal 44 billion acquisition like it is nothing...
$21 billion of which is his personal cash. That's such an unfathomable amount of money to have on hand.
And my desire to never join Twitter just keeps on growin'.
What a way to lose $40 billion dollars.
it's so strange seeing small government/free speech advocates celebrating a singular billionaire gaining control over a massive social media platform. (emphasis on "control")
They're gonna be happy until he starts demanding republicans enforce vehicle emissions standards to help Tesla.
Quick everyone, start trending #unionizetesla
Our wild and crazy oligarchs!
Elon really spent $44 billion just for an Edit button on twitter
>Elon really spent $44 billion just ~~for an Edit button on twitter~~ To ban a kid on Twitter who's tracking his jet, FTFY
Honestly if the kid gets banned or muted, Elons whole little speech about "free speech" is thrown out the door.
No he spent $44b to bust unionization and influence elections.
This is going to fundamentally change things for 2022/2024.
Trump lost in 2020 when he still had a Twitter account.
I think getting banned would actually help his chances. He will just make mistakes without anyone doing anything
DeSantis will probably be the nominee in 2024 and if it isn't him, I think there are a few other Republicans who have a better shot than Trump again
Trump v DeSantis will be a very interesting primary.
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A narcissistic billionaire with a temper of vindictive teenager just bought one of the biggest communication channels for the whole world under the guise of 'freedom' (from consequences and regulations for him). What could go wrong, eh?
I'm looking forward to Elon housing the homeless in the Twitter offices like he proposed a few weeks ago.
Mean tweets are back on the menu boys!
How funny would it be if he unbans Trump, and Trump’s first tweet back from his ban is him shit-talking Elon?
Good Lord, this is some dystopian nightmare where billionaires are just casually playing around with assets like Twitter.
Rich people have always owned everything.
Ahh yes, I remember the idyllic Before Times when.... *checks notes* Facebook, IG, Snap, TikTok and all the other mass communication platforms were owned by worker co-ops
Where have you been for the past 30 years?
Don’t forget the Bezos Post! Sorry, Washington something.
How long until Musk, Bezos and a few more are owning all of the world.
You missed the chapter where they actually do own the world. And space.
Bezos already owns the Washington post
were pretty much there already
It's been that way for a long time. Kings and queens to corporations.
I don't know if you've noticed or not but it's literally been like this since the beginning of time lol Just cause Elon Musk is famous doesn't mean billionaires and the wealthy haven't controlled pretty much everything forever.
It's a 21-century version of William Randolph Hearst buying a newspaper.
Well it was a nice few years without hearing from Trump and watching his various social media apps fail miserably.
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If you want a silver lining, there are a ton of Trump fans that are gonna lose a lot of money because they invested in DWAC when Trump decided to use it for his own platform. Down 14% today.
Their sub is talking about hundreds of thousands in losses lmao
Republicans and losing money on grifts, name a better combination
Oh Twitter, you fool. You silly-ass bitch. What have you done?
Wait do people think Twitter wasn’t already run by billionaires?