Technology & Social Media Musk becomes twitters largest share holder

Discussion in 'Living Room' started by MTR, 5th Apr, 2022.

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  1. MTR

    MTR Well-Known Member

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    MTR, 5th Apr, 2022
    #1
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  2. dabbler

    dabbler Well-Known Member

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    I dunno what his idea/plan is.

    He is toying with starting his own systems, and frankly, maybe he should, because yes, all these companies now choose who and what can be said.

    And they completely shut some people down.
     
    dabbler, 5th Apr, 2022
    #2
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  3. Angelina

    Angelina Well-Known Member

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    Angelina, 5th Apr, 2022
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  4. Traveller99

    Traveller99 Well-Known Member

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    I'm geared for the flurry of op-eds over the next few days along the lines of:

    'Why Elon Musk buying a stake in Twitter threatens marginalized folx'

    Or

    'White Supremacy in the tech space has now been amplified. How Elon Musk is using his wealth to create unsafe spaces for black and brown people on Twitter'
     
    Traveller99, 5th Apr, 2022
    #4
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  5. dabbler

    dabbler Well-Known Member

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    C'mon, the people need bubble wrap and protection from this very real and nasty threat :p

    Just do not look at it perhaps, is like blaming horror movie producers from being scared during or after a movie/s....lol
     
    dabbler, 5th Apr, 2022
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  6. MTR

    MTR Well-Known Member

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    MTR, 14th Apr, 2022
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  7. MTR

    MTR Well-Known Member

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    MTR, 14th Apr, 2022
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  8. samiam

    samiam Well-Known Member

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    samiam, 14th Apr, 2022
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  9. paulF

    paulF Well-Known Member

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    What difference does it make if he owns it? What is he going to fix?

    Governments all over the world are starting to regulate social media up to a point where anything that anyone says on a social media platform becomes that persons/business problem. Checkout the High Court's Voller decision.
     
    paulF, 14th Apr, 2022
    #9
  10. dabbler

    dabbler Well-Known Member

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    Take it off shore perhaps where it cannot be bullied into a box, and, he has the money to litigate till the gov gets sick of it too.

    I like that he stands for many basic things in a democracy, and does not just swallow everything and stay in a box himself.
     
    dabbler, 14th Apr, 2022
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  11. MTR

    MTR Well-Known Member

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    MTR, 15th Apr, 2022
    #11
  12. Redwing

    Redwing Well-Known Member

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    Redwing, 15th Apr, 2022
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  13. Properwin

    Properwin Well-Known Member

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    Elon is clever. The last time he tried this was with Tesla stocks when he got into trouble with the SEC for pushing stock prices up by tweeting about $420 etc and then selling. This time he applies through the SEC to buy Twitter for $54.20 (notice the 420 meme), and pushes the stock price up. If his offer is rejected and he sells his share he would have made millions in a matter of days.

    How to legally manipulate stock prices as a billionaire. :)
     
    Properwin, 15th Apr, 2022
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  14. paulF

    paulF Well-Known Member

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    There is not such thing as legally manipulating the market. It's criminal conduct, but it's Elon Musk so i guess it's ok ...
     
    paulF, 15th Apr, 2022
    #14
  15. Simon Hampel

    Simon Hampel Founder Staff Member

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    Pump & dump?
    When I read the commentary about the purchase, I thought it smelled rather like a pump-and-dump scheme! :rolleyes:
     
    Simon Hampel, 15th Apr, 2022
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  16. AndyPandy

    AndyPandy Well-Known Member

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    He has done it many a time with crypto. You got people buying dogcoin, shebucoin etc just because Elon commented something random on twitter. Easy money as the crypto space is not even regulated.
     
    AndyPandy, 15th Apr, 2022
    #16
  17. MTR

    MTR Well-Known Member

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    The share is worth $45 per share
    Musk offering $52 per share

    Twitter stock down
    Musks offer is generous and if the Board does not accept they can be sued by their stock holders. Fiducial duty etc
    Be interesting to watch how this plays out, I think Musk in for the long game?? Litigation already on the cards
     
    MTR, 16th Apr, 2022
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  18. MTR

    MTR Well-Known Member

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    MTR, 16th Apr, 2022
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  19. MTR

    MTR Well-Known Member

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    Fix the culture or should I say cancel culture
     
    MTR, 16th Apr, 2022
    #19
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  20. Shogun

    Shogun Well-Known Member

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    Shogun, 16th Apr, 2022
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