Social Musk becomes largest shareholder of twitter

Orange man and republicans wanted section 230 reform for years. Hours after a consvervative person bought twitter, the white house starts pushing for it. These @#$%s have no shame. If billionaire conservatives get fucked with, imagine what they do to the average person.

d81



no, the orange man didn't want section 230 repealed for years. he wanted section 230 repealed the day after #DiaperDon was #1 trending worldwide on twitter.

he never spoke a peep about that matter until one day a twitter hashtag hurt his precious little feelings. and then it was all the buzz

mind you gutting 230 would have worked against him. it would have been a censorship blow all across the board. aint no website or social media platform gonna have the staff and resources to govern every single thing that somebody says, in fear of that company being directly sued for the content that somebody else posted that offended somebody else.

after getting their stupid asses banned from twitter, the chuds barely have any platforms left to spew their chuddery as it is. do you think that web hosters are gonna be happy to host websites such as thedonald.win (or whatever the fuck they call themselves these days), and i'm sure that dominion and smartmatic would be trolling the hell out of parler and truth social, waiting to come across any post that a user creates involving election fraud involving their voting machines, just so that they could sue the pants off of the owners of parler and truth social.

i mean does that not sound ridiculous? repeal 230 and thats the kind of shit that companies would be opening themselves up to when they decide to host user created content. ain't nobody gonna have the time of day for that, theyll just shut it down altogether.

if they repealed 230 we probably wouldnt have twitters, internet forums and all of that, because no company would be willing to put their heads and bank accounts on the line and open themselves up to multi-million dollar lawsuits that they would have to pay up every time joe blow reads a post that somebody else on the internet made and it hurts his precious little feelings. the next thing you know joe blow will be lawyering up filing suits over the emotional distress and lost wages against twitter and facebook after the trauma it surely caused him after seeing an unfunny meme get posted. no company has the time and resources to monitor and moderate every last thing, and theyre not going to leave themselves liable for whatever offending or illegal content that users on their platform post. its just never going to happen.

they spent billions of dollars just to get 230 in the books just to protect freedom of speech and all that. just to make sure that nobody is gonna go after google if they didnt particularilly approve of that cat video that somebody else posted on youtube one day. and then they want to do away with it because poor little donny got his feelings hurt over a hashtag one day, and tried to write it off as it somehow being anti-censorship which is 100% grade A bullshit.
 
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"Grifter"

uhhhh, yes a grifter. His entire life/value is built around building value of paper shares of stock and then finding excuses to sell them without getting bagholder rubes to drop the value of the shares
Welp shocker; Musk not buying twitter claiming nonsense lol

Total sham smokescreen to dump Tesla shares.
 
Elon is truly a genius at making money.

He understands hype is the driver of todays market. Dude makes a CGI presentation of something that cannot be physically made, news report how "Elon Musk is making the impossible" , everyone somehow believes, and stock goes up billions. Hyperloop is worth over a billion and growing, and its making nothing, its been known for over 100 years its impossible. Teslas projected worth 10 times more than WV, even though WV sells 10x more vehicles and generates 20x more revenue. Boring company made the shittiest tunnel in history of tunnels, and it QUADRUPLED its value in 2 years, now being worth 6 billion.

This is NFT/Crypto logic being merged into the real market, before our very eyes. Just seeing Theranos being worth 10 billion at one point, entirely based on hype created by the CEO, tells us alot about the market today, and Elon understands this perfectly.
 
New Musk texts released as part of pre-trial discovery process. Some of this shit is bizarre. You've got Rogan kissing hiss ass:

"Are you going to liberate Twitter from the censorship happy mob?"

“I REALLY hope you get Twitter. If you do, we should throw a hell of a party.”


Musk apparently wanted Oprah on the board:

"Wisdom about humanity and knowing what is right are more important than so called 'board governance' skills, which mean pretty much nothing in my experience."

Musk also had a plan to make people pay, using cryptocurrency, for each tweet or retweet:

“My Plan B is a blockchain-based version of twitter, where the ‘tweets’ are embedded in the transaction of comments. So you’d have to pay maybe 0.1 Doge per comment or repost of that comment.”



 
Elon is truly a genius at making money.

He understands hype is the driver of todays market. Dude makes a CGI presentation of something that cannot be physically made, news report how "Elon Musk is making the impossible" , everyone somehow believes, and stock goes up billions. Hyperloop is worth over a billion and growing, and its making nothing, its been known for over 100 years its impossible. Teslas projected worth 10 times more than WV, even though WV sells 10x more vehicles and generates 20x more revenue. Boring company made the shittiest tunnel in history of tunnels, and it QUADRUPLED its value in 2 years, now being worth 6 billion.

This is NFT/Crypto logic being merged into the real market, before our very eyes. Just seeing Theranos being worth 10 billion at one point, entirely based on hype created by the CEO, tells us alot about the market today, and Elon understands this perfectly.
Perfect post, especially with Holmes dodging sentencing yesterday.
 
It's an article you dweeboid.

And I basically provided the cliffs in that post.
No, it's definitely a shady file link. Don't know if you made a mistake or not. Post the URL instead.

Here's another:
Elon Musk says he's willing to buy Twitter after all
Twitter sued to force Musk to abide by the deal. A trial is scheduled to begin in less than two weeks. It's now up to the company to accept Musk's renewed offer or force the billionaire to go to court in an effort to seal the deal.

In the letter, Musk's legal team makes clear that the offer is good only if Twitter drops its lawsuit. In a statement, a Twitter spokesperson gave little clue about which direction the company would take.

"We received the letter from the Musk parties which they have filed with the SEC. The intention of the Company is to close the transaction at $54.20 per share," they said.

The two sides are discussing how to drop the litigation, while guaranteeing that the deal will be completed, according to a person close to the talks.


https://www.npr.org/2022/10/04/1126752359/elon-musk-twitter-trading-stops

Why on earth would he accept the bid now? Sounds to me like he's scared of the litigation.
 
His attempts to try and back out of the deal have failed

 
No, it's definitely a shady file link. Don't know if you made a mistake or not. Post the URL instead.

Here's another:
Elon Musk says he's willing to buy Twitter after all
Twitter sued to force Musk to abide by the deal. A trial is scheduled to begin in less than two weeks. It's now up to the company to accept Musk's renewed offer or force the billionaire to go to court in an effort to seal the deal.

In the letter, Musk's legal team makes clear that the offer is good only if Twitter drops its lawsuit. In a statement, a Twitter spokesperson gave little clue about which direction the company would take.

"We received the letter from the Musk parties which they have filed with the SEC. The intention of the Company is to close the transaction at $54.20 per share," they said.

The two sides are discussing how to drop the litigation, while guaranteeing that the deal will be completed, according to a person close to the talks.


https://www.npr.org/2022/10/04/1126752359/elon-musk-twitter-trading-stops

Why on earth would he accept the bid now? Sounds to me like he's scared of the litigation.
Thanks for the heads up. It was an article from Yahoo News but I posted it on mobile. Maybe that's why? Either way it's deleted now.

And yea it seems like the litigation has him a little shook. Was he always going to purchase twitter for $44 billion or has the price been brought down?
 
Thanks for the heads up. It was an article from Yahoo News but I posted it on mobile. Maybe that's why? Either way it's deleted now.

And yea it seems like the litigation has him a little shook. Was he always going to purchase twitter for $44 billion or has the price been brought down?

Musk initially offerd for 44 billion. Since then the company value has dropped to a low point of about 26 billion. That 18 billion loss in value is what caused Musk to try and back out of the deal, which isn't legal to do with the way he had the sale contract written. It's since come up to 33 billion so "only" a loss of 11 billion, and the court cases weren't looking to go Musk's way so the only option was to go through with the deal at the original price.

Going through trial would have only been more lawyer money, potentially embarrassing discoveries, and end up having to buy for 44B anyways.
 
His attempts to try and back out of the deal have failed



Well, time for free speech on Twitter!!!!... Unless you say something bad about Tesla.

I bet you a lot of Republicans are praying that Trump can't say anything on Twitter prior to the midterms. The more of an open platform the guy has, the worse it is for his party.

(round 2 on this post)
 
Thanks for the heads up. It was an article from Yahoo News but I posted it on mobile. Maybe that's why? Either way it's deleted now.

And yea it seems like the litigation has him a little shook. Was he always going to purchase twitter for $44 billion or has the price been brought down?

That's the original price offer.
 
Musk initially offerd for 44 billion. Since then the company value has dropped to a low point of about 26 billion. That 18 billion loss in value is what caused Musk to try and back out of the deal, which isn't legal to do with the way he had the sale contract written. It's since come up to 33 billion so "only" a loss of 11 billion, and the court cases weren't looking to go Musk's way so the only option was to go through with the deal at the original price.

Going through trial would have only been more lawyer money, potentially embarrassing discoveries, and end up having to buy for 44B anyways.
Musk was berating twitter and basically defaming the company AFTER he signed the deal which was a large part of the stock dropping. Don't know if he did that on purpose to try to lower the price after having buyers remorse and then wanted to play a game of chicken, or if he just can't control himself. Either way, he took a big loss on this one, but I wouldn't be surprised if he finds a way to weasel out of it by some market manipulation or transfer that loss to someone else.
 
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