Elon Musk’s Twitter takeover isn’t so bad

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The Progressives have always considered Twitter to their personal plaything which explains why the bedwetters have been beside themselves with grief and emotional incontinence over the Musk takeover.

Elon Musk’s Twitter takeover isn’t so bad
28 October 2022, 3:33pm

It’s finally happened. After months of legal wrangling, Twitter has fallen. All hail King Elon; the 'bird is freed'. The executives running the show have been defenestrated, including CEO Parag Agrawal and head of safety Vijaya Gadda. Around the virtual watering hole, skittish packs of activists watch nervously as the ground shakes; Donald Trump, the biggest of the Twitter big beasts is set to make his return. And isn’t the wailing glorious? Well yes, but.

Basing your politics around things your opponents dislike is a trap that it’s easy to fall into. Conservatism is not a negative image of progressivism, but an alternative philosophical perspective with its own positive vision of what the world should look like. A movement based only in reaction to a cause will find itself defined by it, unable to escape the ideological limitations that that imposes, and doomed to failure.

With all that said, the hyperbole surrounding the takeover has been staggering. 'It’s like the gates of hell opened on this site tonight,' was the verdict of the Washington Post's Taylor Lorenz. 'A Musk-owned Twitter could be disastrous for women and marginalised communities already facing abuse and targeted harassment on the platform,' said Christopher Bouzy of Bot Sentinel, a bot-detection system.

In light of this reaction, it’s worth stepping back and remembering just how modest the goals set by Musk actually are. Musk believes that Twitter should serve as 'a common digital town square', where debate flourishes between left and right, bringing people together to discuss matters of interest. This doesn’t mean a conversation entirely unmoderated ('a free-for-all hellscape', in Musk’s words). It doesn’t mean turning the website over to the right of politics only; that would defeat the entire point of a digital town square. There are already right- or left-only apps which provide that service. All Musk is proposing is that Twitter takes its thumb off the scale. And that is exactly why some progressives are furious.

The view among some of those on the left when it comes to Twitter has long been contradictory. At the same time, it was just another private company quite entitled to ban anyone it liked and censor speech as it saw fit, and also a vital part of our democracy unique in its ability to shape political discourse. That these two concepts fit together poorly was not a problem, so long as the bans and censorship happened to favour shaping that discourse in ways helpful to the progressive project. If Musk manages to reshape the platform as he likes, then this advantage will be taken away. Progressive ideas will have to engage with criticism without being able to simply silence arguments they find too difficult to deal with.

That is, unless they can find another way. Deprived of the ability to outsource censorship to Silicon Valley, politicians may simply smuggle it into domestic law. Britain’s own Online Safety Bill – with its ‘harmful but legal’ provisions and attempt to ban ‘psychological harm’ – is just one example of the many ways in which even supposedly conservative governments can find themselves locking in progressive values.

This political battle is likely to prove a far harder challenge than reshaping Twitter’s internal culture. Thierry Breton, European Commissioner for the Internal Market, responded to Elon’s announcement by reminding him that 'in Europe, the bird will fly by our (EU) rules', referencing new laws intended to ban misinformation, hate speech, and extremism – and exercise a vast and chilling effect on discourse in the process. If Musk is serious about his Digital Commons, his next step may have to be a more overt attempt to influence politics.

https://www.spectator.co.uk/article/elon-musk-s-twitter-takeover-isn-t-so-bad
 
In other news, Jack Dorsey now have $43 billion and his other social media is in development.

In other other news, Jack Dorsey only controls around 2% of Twitter’s total outstanding shares or 2% of the company overall.

Elon Musk will pay Jack Dorsey roughly $975 million in cash at the purchase price of $54.20 per share (technically, from a consortium of banks loaning money to Elon using his Tesla shares as collateral).

When Jack pays 13 percent to the state of California and 20 percent to the IRS, his windfall will be reduced.

Jack’s net gain on this transaction after taxes will be about $653 million.

Now does he still own his own company?

https://ghanafuo.com/does-jack-dorsey-still-own-twitter/
 
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Musk has lost tens of billions of dollars, so it has been very bad for him.

Musk is entering a business he knows nothing about, and which is in (hopefully temporary) decline. He may well have a lot of losses in the future.

His solution? To turn Twitter, which has only been successful because it is so small, into a huge bloated "everything" app. It will work, as long as he can turn America into China with its government sponsored monopolies. I for one do not want to turn control over everything to Musk.

Thankfully, there is a simple solution. Creating a short social app is easy. Twitter owns our contact lists, but we can rebuild them. It is easier than transferring everything else in our lives to his "everything" app.

End of all this, the alt right will continue to rant that it is all about politics, but the reality is that it is all about business.
 
In other other news, Jack Dorsey only controls around 2% of Twitter’s total outstanding shares or 2% of the firm overall.

Elon Musk will pay Jack Dorsey roughly $975 million in cash at the purchase price of $54.20 per share (technically, from a consortium of banks loaning money to Elon using his Tesla shares as collateral).

When Jack pays 13 percent to the state of California and 20 percent to the IRS, his windfall will be reduced.

Jack’s net gain on this transaction after taxes will be about $653 million.

Now does he still own his own company?

https://ghanafuo.com/does-jack-dorsey-still-own-twitter/

Dorsey says he has given a billion to charity, and holds his stocks through holder corporations. The only way he is paying anything in taxes is if he personally takes the money (doubtful), and even then he will have a hefty charity deduction.

Dorsey has divested from Twitter a lot. He only owns about 2.4% of it, which adds up to about a billion right there. There are probably stock options still floating out there, which might add up to another billion. And he still has a few billion in other investments. He will remain richer than trump, even after giving away a billion dollars.
 
Be like Elon.

This is not a day most people are thinking that. He just lost a lot of money.

Maybe he will turn this around... But history tells us that when someone enters a field he knows nothing about assuming he can do the impossible, chances are that he cannot.
 
Dorsey says he has given a billion to charity, and holds his stocks through holder corporations. The only way he is paying anything in taxes is if he personally takes the money (doubtful), and even then he will have a hefty charity deduction.

Dorsey has divested from Twitter a lot. He only owns about 2.4% of it, which adds up to about a billion right there. There are probably stock options still floating out there, which might add up to another billion. And he still has a few billion in other investments. He will remain richer than trump, even after giving away a billion dollars.

Dorsey failed to support us, and walked away.
 
This is not a day most people are thinking that. He just lost a lot of money.

Maybe he will turn this around... But history tells us that when someone enters a field he knows nothing about assuming he can do the impossible, chances are that he cannot.

You are WOKE.... you know that losing money supporting right is an honor.

You really fucking crawl on my nerves.
 
Musk has lost tens of billions of dollars, so it has been very bad for him.

Musk is entering a business he knows nothing about, and which is in (hopefully temporary) decline. He may well have a lot of losses in the future.

His solution? To turn Twitter, which has only been successful because it is so small, into a huge bloated "everything" app. It will work, as long as he can turn America into China with its government sponsored monopolies. I for one do not want to turn control over everything to Musk.

Thankfully, there is a simple solution. Creating a short social app is easy. Twitter owns our contact lists, but we can rebuild them. It is easier than transferring everything else in our lives to his "everything" app.

End of all this, the alt right will continue to rant that it is all about politics, but the reality is that it is all about business.

Well, Walter, Mr. Musk hasn’t become a multi-billionaire by losing money.

Don’t worry about Mr. Musk, he is doing just fine without your advice.
 
I cannot stress this enough, billionaires are not going to support you. You need to find your own source of income.

Elon and Trump do...maybe soon more will measure up....where there is life there is hope.

AND FUCK YOU!
 
You are WOKE.... you know that losing money supporting right is an honor.

You really fucking crawl on my nerves.

I called it. The alt right continues to think this is about politics, when it is about business.
End of all this, the alt right will continue to rant that it is all about politics, but the reality is that it is all about business.

Musk invested in a company based on his belief that ad sales would continue to grow, and they have cratered. Then he desperately tried to get out of the deal, which he had accidentally made air tight. Now he is trying to pivot his way to success, which rarely works when there is no real pivot.

This is a business disaster, and it is about to get worse.
 
I cannot stress this enough, billionaires are not going to support you. You need to find your own source of income.

Why should Mr. Musk support me, Walter?

I am able to support myself. Are you searching for someone to support you?

I believe he did this to return a modicum of fairness in the news that Americans receive.
 
Well, Walter, Mr. Musk hasn’t become a multi-billionaire by losing money.

Don’t worry about Mr. Musk, he is doing just fine without your advice.

Actually, Musk has become a multi-billionaire by losing money. When he first became a multi-billionaire, he had never had a company that had an operator profit. With investments included, even today, he has never had a company that has had a real profit.

Musk has just lost $20 billion. That is one of the biggest losses in history. This is not just fine. There is a reason he desperately tried to get out of the deal, because it is a disaster.
 
I called it. The alt right continues to think this is about politics, when it is about business.


Musk invested in a company based on his belief that ad sales would continue to grow, and they have cratered. Then he desperately tried to get out of the deal, which he had accidentally made air tight. Now he is trying to pivot his way to success, which rarely works when there is no real pivot.

This is a business disaster, and it is about to get worse.

I am a Progressive (non-UTOPIAN) you ignorant fuck.
 
trump will definitely never support you. he is trying to figure out a way for you to support him.

I am an Erotic Adventurer, into BDSM and swinging and Master/slave...no Trump would never like me....that is not the point you ignorant fuck.
 
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