News Forum - Elon Musk buys Twitter, vows to ‘unlock’ platform’s ‘tremendous potential’

[Thaiger]

The world’s richest man has bought the world’s more divisive social media platform. Elon Musk succeeded in buying Twitter Inc, after the board approved his offer of US$44 billion cash on Monday. The purchase gives Musk control of the social media platform, which has nearly 400 million users, including influential world leaders. Prior to the takeover, Musk had purchased a 9% stake of the company. On his personal Twitter account, Must announced his purchase, saying… “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are […]

The story Elon Musk buys Twitter, vows to ‘unlock’ platform’s ‘tremendous potential’ as seen on Thaiger News.

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[Pinetree]

Just shows you how much the news people know, or don't know.  I read several reports of this deal this morning, with reported cost from $44 Billion (FT), through $35 billion (WP) to $33 billion ( Times), to $30 (The Sun ) billion.  But what's a few Billion to these people.  Its all going to end in tears one day. 

[Fanta]

Oh Elon, what have you done…..  

[Noble_Design]

2 minutes ago, Fanta said:

Oh Elon, what have you done…..  

His previous tweets have managed to send stocks going up or tumbling so I expect him to wield his influence through twitter to drive up Tesla, SpaceX and his especially dearest Dogecoin 

[Fanta]

And one previous Tesla related tweet cost $40 million in fines and, more importantly, his chairman’s position at Tesla. The “t” in Twitter could become his personal crucifix. 

[Marble-eye]

Oh dear many of the liberal left are now threatening to leave Twitter, seems they are none too happy with free speech.

[Dancbmac]

12 minutes ago, Marble-eye said:

Oh dear many of the liberal left are now threatening to leave Twitter, seems they are none too happy with free speech.

Many always threaten, but stick around and complain.  2016 was a perfect example, as many said they would move to Canada but never did.  The addiction will continue.

[Marble-eye]

I wonder if Elon might be interested in buying the BBC after he's got twitter up and running. 

[Pinetree]

25 minutes ago, Marble-eye said:

I wonder if Elon might be interested in buying the BBC after he's got twitter up and running. 

I doubt that he is interested in a loss making, leftie, biased, dysfunctional, old fashioned, organization like the BBC, staffed by second raters. No up side there at all.  

[RayWi]

Good, taking it private might be the only way to fix the wokeafied issues at Twitter.

[Guphz]

On 4/26/2022 at 7:18 AM, Fanta said:

And one previous Tesla related tweet cost $40 million in fines and, more importantly, his chairman’s position at Tesla. The “t” in Twitter could become his personal crucifix. 

That "fine" was pretty worthless, as he paid it by buying more Tesla stock. Which then increased his wealth even more later on.

[Guphz]

On 4/26/2022 at 7:09 AM, Noble_Design said:

His previous tweets have managed to send stocks going up or tumbling so I expect him to wield his influence through twitter to drive up Tesla, SpaceX and his especially dearest Dogecoin 

SpaceX isn't publicly traded. Why would he care what Twitter and SpaceX are worth anyway?

[Noble_Design]

21 hours ago, Guphz said:

SpaceX isn't publicly traded. Why would he care what Twitter and SpaceX are worth anyway?

Oh so you mean a private company can't go public later? I'm surprised

[Guphz]

On 5/22/2022 at 4:40 PM, Noble_Design said:

Oh so you mean a private company can't go public later? I'm surprised

Sure it can, but what does that have to do with today's situation? How can he drive up SpaceX when it isn't even publicly traded today?

By the way, Musk has said that he doesn't want to take SpaceX public. He will do so with Starlink instead.