Twitter expected to accept Elon Musk’s bid to buy company

There’s something afoot with this, I think. I don’t use Twitter thank goodness…but i do wonder what the end game is for it. :bird:

Twitter had (has?) a new policy that you can get a verified account for $8/mo. Fake accounts created havoc when anyone who had $8 impersonated companies and famous people.

One account using the name Eli Lilly claimed that the drug company would be giving away free insulin. The real drug company tried to correct the damage but its stock price tanked.

Multiple companies have been spoofed on Twitter.

Advertisers have been fleeing Twitter due to the chaos.

At minute 5:27

Trending on Twitter today.

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I was reading today that Twitter is closing its offices for a week or two, and that even more staff have resigned over Musk threatening them with his “work longer hours or leave” stance. He will run that company into the ground in a fit of pique over being made to buy it (i.e. follow through on his commitment). It’s a temper tantrum in my opinion.

After half the staff have left, some critical systems are unmanned. Musk is frantically trying to figure out how to run those systems but is having trouble finding any people who know how to run them.

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Not looking good, is it?

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I was listening to LBC this morning, there was an expert on the programme, someone well versed in these matters.
He was suggesting that because essentially there are next to no skilled staff to left moderate the site that things could get interesting. The world cup is coming up and some people’s options tend to get rather heated when it comes to football, some profoundly unsavoury.

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Well, he did want more of the free speech brigade didn’t he…hope he manages to contain it all though. By. Himself. :joy:

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Ha… terrific!! :+1: :+1: :+1:

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Another tech company bought for billions later to be sold for a song, well done Elon.

PS how’s your Tesla shares doing?

What a financial genius you are

Musk ain’t Stoopid, he paid for Twitter in Bitcoin.

Musk sold about 17.6 million shares worth more than $15 billion in between April and August in connection with his Twitter purchase. After the November sales, he has about 446 million shares of Tesla left, excluding his stock options. That is roughly 12% of Tesla’s stock outstanding.

He also sold another $3.95Billion more recently.

This is the bloke than said be would be the last out of Tesla Shares, it has been speculated that he offered to buy Twitter so he had an excuse to sell overvalued Tesla shares but he caught himself out and had to go through with the purchase.

Remember this is the genius that came up with the “hyperloop” and when that proved to be a complete flop came up with the tunnels to relieve traffic congestion in Los Angeles he built one about a km long (you could walk quicker). The computer generated graphics were the best part of it.

See the problem with this design?

The reality - traffic congestion in a tunnel at slightly less than 200kph

CBSNews suspended its Twitter feed on Friday but resumed on Sunday. They were concerned about the security of the site.

Elon Musk allowed Trump back on Twitter. Now Musk is trying to shame Apple for pulling their ad dollars off Twitter. I wonder how this will play out?

Jim Carrey announced his departure from Twitter today. There are a few other celebrities who have left the platform as well. Judging by the ugly comments Jim Carrey is currently getting for nicely announcing his departure, it’s probably a good thing that he’s leaving.

From Jim Carrey:

I might not be great at quoting Twitter, but Twitter posts used to show up much better before with more information.

Here’s an article with some other celebrities that have left Twitter. From Vulture magazine.

Musk claims that Apple has threatened to pull the Twitter app from its App Store. Perhaps Musk should not have tried to shame Apple for pulling its ad dollars. lol

Google Play is also watching Twitter closely.

In other Twitter news, Twitter is no longer enforcing its Covid misinformation policy.

https://edition.cnn.com/2022/11/29/tech/twitter-covid-misinformation-policy/index.html

Maybe Elon Musk will aggregate all the crazies on Twitter, then Apple and Google Play will shut down the app, and everyone else will go to Bluesky, a Jack Dorsey spin-off of Twitter. (Jack Dorsey was the creator of Twitter. Bluesky is his new project app.)

Interest payments on the loan Musk took out to buy Twitter are now coming due. Musk could sell more Tesla stock to cover the payments or bankrupt Twitter or use Twitter’s limited cash reserves. Not sure if refinancing the loan is an option.

It makes me wonder if this is a deliberate strategy to close twitter down.
It provides a voice for the stuff the MSM aren’t allowed to report, some bad and some good, but very dangerous to the establishment on occasion and the WEF etc…
It would create far too much resistance if it was closed down through the law, and it’s not how the WEF do things. They sway public opinion and let the people do the policing…Think net zero and vaccines. Most people have been convinced (wrongly) that they can save the planet by purchasing an electric vehicle or turning down their heating, and just look how the vaxxed turned upon the unvaxxed, even members of their own family. But I digress…

By whom? Musk took out the loan knowing that interest would be due on it. The people making the loan couldn’t know that Twitter would be in financial trouble when they made the loan or they would not have signed it.

Musk can shut down Twitter if he chooses without defaulting on interest payments.

The only deliberate strategy was to allow Musk to take money out of Tesla while the shares were still at an overinflated price. He put $70million in and so far has taken $40 Billion out. Most people go to gaol for a fraud like that.

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