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Merged Musk buys Twitter!/ Elon Musk puts Twitter deal on hold....

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Segnosaur said:
Anyone have a few billion to help out poor Elmo?

From: The Verge
Musk is trying to get more investors for Twitter at the original $54.20 per share price he bought the company at...

So, Musk offers to buy Twitter, tries to back out of the deal before eventually agreeing to it, drives away millions of dollars in ad revenue, stops paying various twitter bills, tanks his own Tesla stock... and then asks people to invest in twitter at the same share price he admitted was too high.

I guess his only hope is some sort of Trumpian "angel investor" (like the one that bailed Trump out of a loan on Trump towers.)
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Maybe he needs to start flogging NFTs JPEGs of him wearing a cape or looking tough and call them Christmas tradables. Or the chance for a Zoom call with him or a visit to his beautiful Twitter HQ, and it IS beautiful and rent free!
 
Taibbi has released another episode of the Twitter Files. Yawn. Basically the FBI uses Twitter like anybody else.
 
I Am The Scum said:
Katie Notopoulos, who hosted last night's Twitter Space that Elon himself participated in, has now been restricted from starting or joining another Space, because she "violated the Twitter Rules." It is unclear which rule she broke.
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By this point he seems to be abandoning all pretense of objectivity. It is increasingly clear that people Musk is personally upset with are being specifically targeted for "enforcement" of the "rules" in ways that other accounts are not.

I would propose that this was Musk's intent all along and he was just consciously lying when he claimed otherwise at the beginning with his high-minded platitudes about free speech and the "public square". But it is slightly possible that he meant those things when he said them and has subsequently found out that, like, Moderation is Hard, or that the larger Twitter user base's general lack of fawning devotion has broken his mind.
 
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I Am The Scum said:
Bari Weiss, one of the people helping the "Twitter Files" project, publicly disagreed with Musk banning his critics. In response, Musk accused her of virtue signaling.
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Meanwhile Bari Weiss recommends an article by Abigail Shrier that compares Jack's reign at Twitter to Stalin.

https://twitter.com/bariweiss/status/1603912678371573761?s=61&t=8tmdotJiF8Z1gr8vbrMZRA

Interesting to read something that purports to be "centrist", though.

I guess Trump was so far right that putting a midpoint between him and Biden makes the "middle" still right wing.
 
I Am The Scum said:
I'm leaning towards this as well. Here's the scenario that makes sense to me. Granted, there's a bit of speculation here and there.

1. There's some event involving some random driver and the car Elon's son is in, probably minor road rage or a fender bender.
2. Somewhere in the telephone game to Musk's ear, it gets exaggerated into a stalker physically attacking the car.
3. Musk overreacts and bans the jet account, utterly convinced that this is where it stemmed from (even though this is impossible).
4. As Musk starts to calm down, he realizes that the incident wasn't as bad as he initially stated.
5. Reporters start to fact check his "stalker" theory, and show evidence that conflicts with his story.
6. Musk panics and tries to shut them up rather than admit that he was wrong.
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Maybe. Sounds about right.
 
The (second) poll is officially over. "Unban now" won again, at an even larger margin than it did in the first poll. As of this moment, no accounts that I reviewed have been reinstated, though this was literally just a few minutes ago.

I get the funny feeling those accounts won't be back up within 12 hours. I'll admit it if I'm wrong.

The funny thing is that it puts Elon in a difficult position. Normally, when someone has a rule-breaking tweet, they must delete the tweet, thus removing the offending content. However, since most of these accounts had no apparent, legitimate infractions, they won't be deleting anything. If the accounts show back up precisely as they were before, it will expose the lie that there was any doxxing content in the first place.
 
I Am The Scum said:
I get the funny feeling those accounts won't be back up within 12 hours. I'll admit it if I'm wrong.
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I was wrong. The accounts (that I was checking) have been promptly reinstated. Since they all showed up at the same time, it's clear nothing was deleted (by the users), so we can safely say that the doxxing accusations were a gigantic hoax and Musk knows it.
 


This was interesting. Alex Wagner, MSNBC, interviewed Linette Lopez, a columnist for Business Insider who had her Twitter account suspended today.

Linette Lopez, columnist for Business Insider and one of several journalists who cover Elon Musk and have been suspended from Musk's Twitter, talks with Alex Wagner about the recent abrupt suspensions of journalists from Twitter and what she has learned about Elon Musk from covering him for years that explains his reckless management of the global social service.
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Musk sounds very similar to Trump as far as being a spoiled narcissist goes.
 
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kookbreaker said:
Can we just skip ahead to the part where he sells Twitter for fractional pennies on the dollar to some tech giant?
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Reports suggest that the banks holding debt from the acquisition are trying to get rid of it at fire sale prices, as low as 60 cents on the dollar. This is bad! It suggests that they do not anticipate recovering their investment. Matt Levine in Bloomberg has discussed this in his recent newsletters.

So, one possible outcome is that the banks could offload that debt by selling it… to Musk himself. Then he’d really own Twitter, the whole kit and caboodle, until the end of time.

I think that might be the funniest outcome, or maybe the most karmically balanced. Maybe both? Either way, the whole mess is still a tragedy.
 
Cosmo said:
Reports suggest that the banks holding debt from the acquisition are trying to get rid of it at fire sale prices, as low as 60 cents on the dollar. This is bad! It suggests that they do not anticipate recovering their investment. Matt Levine in Bloomberg has discussed this in his recent newsletters.

So, one possible outcome is that the banks could offload that debt by selling it… to Musk himself. Then he’d really own Twitter, the whole kit and caboodle, until the end of time.

I think that might be the funniest outcome, or maybe the most karmically balanced. Maybe both? Either way, the whole mess is still a tragedy.
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He probably can’t afford to buy it.
 
It was a chaotic 24 hours on*Twitter*even by the standard set by Musk since he took over the platform. In a Twitter Spaces event after the suspensions were announced, Musk briefly entered and was questioned by some of the journalists who had their accounts suspended, but were nevertheless able to participate in the Spaces event.

He said journalists were not being treated differently to other citizens. “If you doxx, you get suspended. That’s it. End of story.”

After further questioning from the host, BuzzFeed News tech reporter Katie Notopoulos, Musk left the event, and not long after the Space abruptly ended and was then deleted entirely by Twitter.

Then Twitter took the entire Spaces product offline for almost a day, with Musk saying a “legacy bug” needed to be fixed. After it returned, Notopoulos found she had been banned from Spaces.
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https://www.theguardian.com/technol...tes-twitter-accounts-of-suspended-journalists

Musk is really sperging out of control. It's his world now, normy. You just happen to live in it.
 
Cosmo said:
Reports suggest that the banks holding debt from the acquisition are trying to get rid of it at fire sale prices, as low as 60 cents on the dollar. This is bad! It suggests that they do not anticipate recovering their investment. Matt Levine in Bloomberg has discussed this in his recent newsletters.

So, one possible outcome is that the banks could offload that debt by selling it… to Musk himself. Then he’d really own Twitter, the whole kit and caboodle, until the end of time.

I think that might be the funniest outcome, or maybe the most karmically balanced. Maybe both? Either way, the whole mess is still a tragedy.
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I don’t fully understand these things, but is that a really funny or karmic outcome? If a rich guy can borrow a billion dollars, then make a big performance out of wrecking the thing he bought, and then only has to pay back 0.6 billion, it’s just another sad illustration of how easy the rich have it. If I tank the value of my house with incompetent renovations, the bank isn’t going to reduce my mortgage.
 
Shrinker said:
I don’t fully understand these things, but is that a really funny or karmic outcome? If a rich guy can borrow a billion dollars, then make a big performance out of wrecking the thing he bought, and then only has to pay back 0.6 billion, it’s just another sad illustration of how easy the rich have it. If I tank the value of my house with incompetent renovations, the bank isn’t going to reduce my mortgage.
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Levereged buyouts do seem to do this.


It's like me going to the bank and asking for a buy to let mortgage and they accepting that I am going to control the house, but that the house and not I owes the debt to the bank.


I would also question why anyone would lend to support such a clearly-overpriced purchase, given that the debt would be owed by Twitter not Musk.
 
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