Musk shelves $44-billion Twitter deal 'temporarily', shares slump

Last I looked, it was 7.6M, but 5 million here, 5 million there. The trick to value is always perception For some rarity doesn't mean nearly as much as quality. I'd rather have a lot of other things a vintage Ferrari pricetag might afford me. Land with wild water on it... now there's a beauty...

 

Memetastic, like most of Musk's antics.

 

Cept that Goblins aka "spooks" are real .. think it was the Goblins

 

Can't beat land. Nobody can steal it from your garage. We live on a small farm so we have some elbow room.

 

I thought Musk was buying Twitter to restore 1st amendment rights to conservatives? Now he's putting it on hold because of bots?

 

Another narcissist with breathtaking daddy issues...

 

Because of LACK of bots.

 

why would he do that?

 

I think you have misunderstood.
Musk wants to ensure there are no more than 5% bots which is the figure he's been given.
Since bots do not generate income he wants to verify that 5% before he goes ahead.

 

It was verified, and he shelved the deal because the number was LESS than 5%.

PS Bots do generate revenue

 

"Musk vowed Friday he remains "committed to acquisition," stating he's just awaiting details supporting Twitter's claim that fake or spam accounts make up less than 5% of users."

https://www.forbes.com/sites/nichol...buy-company-remains-in-limbo/?sh=208dce6e56ab

"Musk's $44 billion deal to buy the company needs approval from regulators and Twitter's stockholders before being finalized."

Five Steps to Save Free Speech on Twitter: A Musk Roadmap.

1. Adopt the First Amendment standard.

"Pundits and politicians, including President Joe Biden and former President Barack Obama, have justified their calls for censorship by stressing that the First Amendment only applies to the government, not private companies. Obama favors censorship for views that he considers to be “lies,” “disinformation,” or “quackery.”"

Obama told the "lie of the year" while President.

"The distinction has always been a disingenuous evasion. The First Amendment is not the sole or exclusive definition of free speech. Censorship on social media is equally, if not more, damaging for free speech. Musk can call this bluff and order Twitter to apply the First Amendment standard that applies to the government for speech in a public forum. In doing so, Musk would instantly eliminate most of the censorship currently imposed on the site. Twitter will be treated as “the digital town square” that he has long embraced."

2. Restructure Twitter.

"Musk must break down the extensive censorship bureaucracy at Twitter, starting at the top. That move is already likely as evident in the tearful remarks of Vijaya Gadde, Twitter’s head of legal, policy and trust, to her staff this week. Gadde, like Twitter CEO Parag Agrawal, is notorious in the free speech community for her record of censorship, including her role in banning Donald Trump as well as the New York Post story on the Hunter Biden laptop. Taking over as CEO and immediately removing such figures will have a clear impact. Publish the algorithms and finally achieve transparency in the decision-making at Twitter over content. This should also include a full accounting of any means used in the past to control online discussions, including throttling or shadow banning."

3. Shift from site moderation to individual filters.

"Twitter can adopt a general free speech platform model while allowing individuals to apply specific filters to block racist terms or profane language. Free speech includes the right to readers to choose what they read. The key is that the decision can be left to readers rather than imposed by the company. Just as you can walk away from speakers in the town square, you can choose what you read. You can also choose to read more broadly. Twitter can leave such decisions in the hands of the consumer."

https://jonathanturley.org/2022/05/...h-in-social-media-a-musk-roadmap/#more-188294

 

4. Shift away from ad revenue.

Extremist Free Speech Hating Leftists "will likely target advertisers to boycott Twitter." These Censorius Haters "have already shown that they can prevail on corporations to yield to such campaigns. Many are concerned that Musk could be proven right that consumers want more freedom despite campaigns by companies like Facebook to get them to embrace censorship. If Twitter grows in size and profits it will only add pressure to companies like Facebook that continue to undermine their own product through censorship." Censorius Left Wing Authoritarian Haters "will likely seek to attack Twitter’s profits to discourage other companies from embracing free speech. Notably, Musk has already expressed a desire to have fewer ads and rely more on subscription revenue. That will not only be aesthetically more pleasing but can insulate the site from the inevitable cancel campaign."

5. Protect against Surrogate State Censors.

"As it became more likely that Musk could buy Twitter, there was a notable shift in the comments of pro-censorship figures. Hillary Clinton, who has long been viewed as hostile to free speech went to Twitter to call on the European Union to quickly pass the Digital Services Act in Europe to force censorship “before it’s too late.” That time table appears to be the Musk takeover when the public will suddenly have a free speech alternative to the once solid alliance of censorship among social media companies. Since figures like Clinton cannot count on corporate surrogates to censor, they are returning to good old-fashioned state censorship. If the DSA is passed, they hope to force Twitter to resume censoring material – a warning echoed by EU officials this week. Congress needs to act to blunt such an attack on American companies seeking to restore free speech values."

"the United Kingdom is pushing its own Online Safety Act and recently Musk was summoned to Parliament to answer for his alarming suggestion of restoring free speech on social media. The British are assuring citizens to “stay calm and censor on” despite Musk’s pledge. It is threatening to take ten percent of the company’s profits if Musk does not censor users. Musk will have to create firewall or siloed systems for countries forcing censorship. These systems should post tweets with a warning that these users are being subjected to national censorship standards while protecting U.S. users from having their free speech reduced to the lower common denominator."

"These challenges are difficult but pale in comparison to reinventing space travel. The greatest asset that Musk brings to Twitter beyond a deep pocket and deep faith in free speech is his legendary creativity. He tends to focus on a horizon rather than the obstacles or opponents before him. Free speech remains a horizonal ideal but one that is attainable for someone with unflagging commitment and creativity. This could be the ultimate “moon shot” for Musk to bring free speech back to the Internet."

We are backing you "Moonshot Musk"!

 

It's quiet something.
They guy openly says he wants to by such and so for billions. So the market price goes up, resulting that the guy might need to pay more because of that.
So he then tells a story that there are some massive issues, so the price goes down, resulting that the guy might need to pay a lot less because of that.


How is this not manipulating the price before the sale? lol


We're talking about Musk here. Who got fast numbers of employees working around the world in the most abysmal circumstances. He doesn't give a damn about anything, except how much money he gets to make.

 

I think he miscalculated, because the price hardly moved when he said he'll buy Twitter, but it fell 20% when he said he is backing out. He is a well known price manipulator of course, do it seems clear that was his intent.

 

Twitter Spikes After Musk Boosts Equity Component To $33.5 Billion, Terminates Margin Loan

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Nice price jump.

Musk provided an additional $6.25 billion in equity financing, which eliminates the "margin loan, thereby eliminating the risk that Musk could get a margin call on his loan if Tesla stock price dropped low enough, and eliminated the threat that" the Oligarch Creeps "could keep pressing TSLA stock sharply lower to unwind the deal."