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Initech

(108,839 posts)

41. Elon is a perfect example of someone being brainwashed by social media propaganda.

Sat Dec 17, 2022, 12:55 AM

Dec 2022

I'm sure that he heard the lies and the bullshit coming from people like Alex Jones and Sean Hannity about Section 230 and "shadow banning" and decided that he needed to do something about it. Conservatives weren't being banned from social media for posting conservative viewpoints. They were getting banned because they were saying racist and sexist shit and threatening violence. Letting these people back on was a colossal mistake, You should never play with Neo Nazis and white supremacists and people who threaten to murder others. That's playing with fire.

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Can someone explain why Twitter was sold in the first place? [View all] diva77 Dec 2022 OP

profit dollars republianmushroom Dec 2022 #1

true - Musk offered far more than they thought it was worth; but they didn't figure in the diva77 Dec 2022 #3

Business owners looking for a pay day hardly Dorian Gray Dec 2022 #26

Some idiot overpaid, so I'm told. GreenWave Dec 2022 #2

true - too bad they didn't factor in the cost to society -- that would have made it priceless diva77 Dec 2022 #5

1. Musk made the offer. no_hypocrisy Dec 2022 #4

what percentage of the shareholders chose to sell their shares to Musk? diva77 Dec 2022 #6

my guess is an overwhelming number moonshinegnomie Dec 2022 #7

probably someone's financial advisor or a mutual fund -- people with no emotional attachment to the diva77 Dec 2022 #10

Which from a fiduciary point of view, they are legally required to do. MichMan Dec 2022 #19

Prince Alwaleed of Saudi Arabia - a major stockholder of Twitter womanofthehills Dec 2022 #14

thanks for this info diva77 Dec 2022 #16

i just looked it up on the sec edgar site moonshinegnomie Dec 2022 #28

Interesting - thanks for finding this & posting. diva77 Dec 2022 #40

Capitalism demands return on investment sanatanadharma Dec 2022 #8

The ugly ugly underbelly of capitalism!! diva77 Dec 2022 #11

Because they found a schmuck with a spare $44 billion lame54 Dec 2022 #9

time to return to the 90% (or more) tax rate for billionaires!!! diva77 Dec 2022 #12

Wouldn't affect Musk...90% rate applied to income, not wealth. brooklynite Dec 2022 #27

Where there's a will, there's a way... oioioi Dec 2022 #32

Perhaps she can take that up with President Biden, who doesn't support the concept. brooklynite Dec 2022 #36

"Nor would it stop Musk from relocating back to South Africa" oioioi Dec 2022 #38

Space Karen offered 2 to 4 times the actual value. Voltaire2 Dec 2022 #13

ok - this is the kind of info I suspected but couldn't find -- is there a law somewhere that says diva77 Dec 2022 #15

No specific law. Voltaire2 Dec 2022 #47

Consider Pantagruel Dec 2022 #17

ok, got it. thanks. diva77 Dec 2022 #18

This littlewolf Dec 2022 #22

+1 2naSalit Dec 2022 #25

Twitter could be sold and therefore it was. Hermit-The-Prog Dec 2022 #20

He offered to buy the whole company at $54.20/share. Get it? fifty-FOUR-TWENTY? RockRaven Dec 2022 #21

Musk tried to back out. Twitter insisted he proceed. Just A Box Of Rain Dec 2022 #23

Twitter was swimming in debt. It's not like they were profitable. Most social media companies aren't Bucky Dec 2022 #24

nope they werent profitable moonshinegnomie Dec 2022 #30

Because the idiot agreed to purchase it for way over its worth budkin Dec 2022 #29

Thanks, everybody - every single response was helpful to my understanding the issue(s) diva77 Dec 2022 #31

If You Were A Stock Holder In A Company modrepub Dec 2022 #33

they sold because he offered them a billion dollars for a rusty bike with a wheel missing Takket Dec 2022 #34

It was a hostile takeover. Initech Dec 2022 #35

Speaking of crazy conspiracy theories... brooklynite Dec 2022 #37

Elon is a perfect example of someone being brainwashed by social media propaganda. Initech Dec 2022 #41

Again: he own's the company... brooklynite Dec 2022 #42

My point is he wouldn't have felt the need to buy a social media company... Initech Dec 2022 #43

People forget Eloon tried to get out of the deal leftstreet Dec 2022 #39

Twitter has been trying to sell itself for awhile. Xolodno Dec 2022 #44

Very good article! Thanks! Laura PourMeADrink Dec 2022 #45

Because it was the smart thing to do Polybius Dec 2022 #46

Because Br'er Twitter said, "Please Mr Musk. Please don't buy us!" Iggo Dec 2022 #48