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Twitter accepts Elon Musk’s buyout deal Social Media

https://www.cnbc.com/2022/04/25/twitter-accepts-elon-musks-buyout-deal.html
32.2k Upvotes

4.4k

u/failingtolurk Apr 25 '22

Bezos buys a newspaper.

Musk buys Twitter.

1.6k

u/[deleted] Apr 25 '22

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2.7k

u/neanderthalman Apr 26 '22 Silver Helpful Wholesome Table Slap

The difference between 250 million and 44 billion is approximately 44 billion.

588

u/Sasquatch-d Apr 26 '22 Shocked

Eliminating 0’s it’s the same as comparing 25 cents to 44 dollars. It’s comparing a gum ball to a filet mignon.

295

u/tomcat23 Apr 26 '22 Silver Take My Energy

Twitter isn't filet mignon. It's well chewed steak.

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u/covered_in_beezz Apr 26 '22

Which one is the filler mignon?

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u/HoneyChilliPotato7 Apr 26 '22

Puts into perspective how much money a billion dollars is.

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u/MagneticNoodles Apr 26 '22

1 million seconds is 11 days. 1 billion seconds is about 31.5 years

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u/Theperfectool Apr 26 '22

Seems like a lot to shut down some kid tracking/posting your flights online.

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u/Thisiscliff Apr 25 '22

Billion dollar pissing match

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u/VagueSomething Apr 25 '22

Worth remembering one of these billionaires likes women who shit on the bed so terms like pissing match might end up too literal.

239

u/the_jak Apr 25 '22

Which one fucked Herd?

211

u/Vanman04 Apr 25 '22

Elon try to keep up.

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u/sarahcrossed Apr 25 '22

They were half way there.

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u/DD8285 Apr 25 '22

I have not heard about this, when did it happen ?

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u/Boom_Boom_Crash Apr 25 '22

I mean, they broke up, so I dont think it is crazy to assume he didn't like that kind of woman.

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u/April1987 Apr 25 '22

Please tell me more. I have no context here.

124

u/mrbrownl0w Apr 25 '22

Amber Heard shat on Johnny Depp's bed. Amber Heard also dated Elon.

69

u/IAMA_Plumber-AMA Apr 25 '22

So by the transitive property...

72

u/mofugginrob Apr 25 '22 Helpful

Elon got a Cleveland Steamer and when he didn't like it, he got a Chicago Sunroof.

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u/[deleted] Apr 25 '22

No it’s the Manitoba Milkbag he is into. Similar to a Chicago Mustache but the person on the bottom is wearing a snowsuit and the one on top has been drinking milk all day

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u/Hamperstand Apr 25 '22

Rupert owns fox

Bloomberg owns...well Bloomberg media

Cox family media...

Elon...

Bezos...

The list goes on and on. Hopefully you can find a billionaire media mogul who aligns with your political beliefs!

If not, eat shit and die! You simple fucking pleb!

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u/[deleted] Apr 25 '22

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u/Changlini Apr 26 '22

Fiduciary duty in action

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u/Aloonatron Apr 26 '22

I bet they can’t believe their luck.

$44Bn for a message board used mostly by narcissists and nut jobs.

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u/poopshootnboogey Apr 26 '22 Gold Helpful

You talking about Twitter or reddit?

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u/Comicsans1007 Apr 26 '22

To be fair, the description of "message board used mostly by narcissists and nut jobs" fits most social media, including the one we're on right now.

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u/[deleted] Apr 26 '22

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u/SomeKindofTreeWizard Apr 25 '22

Does this mean I'll finally stop getting updates on this story?

3.7k

u/DarthFister Apr 25 '22

Yes and in its place you will have to hear about every new change Elon proposes

1.8k

u/IchthyoSapienCaul Apr 25 '22 Gold

What if - now hear me out - twitter's offices were relocated to some giant underground tunnel that didn't quite work out as planned?

826

u/DisregardMyComment Apr 25 '22 Silver Wholesome

That sounds, ahem, boring

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u/shark_vs_yeti Apr 25 '22

Something tells me Elon's changes won't be proposals. First order of business should be CAPTCHA.

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u/Justice_R_Dissenting Apr 25 '22

Step 1: figure out what is bloating Twitter's value

Step 2: assess Twitter's objective value

Step 3: shut down Twitter as too unprofitable.

300

u/epicflyman Apr 25 '22 edited Apr 25 '22

Could be worse - could be the google method

1) make/aquire decent platform

2) improve platform over a couple years

3) shut down to spite userbase

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u/[deleted] Apr 25 '22 Silver Helpful All-Seeing Upvote This

[removed] — view removed comment

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u/teh-reflex Apr 25 '22

Cause those can't be bypassed.

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u/dinozero Apr 25 '22 edited Apr 25 '22

That’s a little concerning Arthur some difficult ones that cannot be bypassed or are they all bypassable now?

Edit: lol “Arthur” is what Siri turned “are there” into

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u/LateNightTip666 Apr 25 '22

There are services where you pay someone in a third world country fractions of a penny per captcha to complete them. They've existed for over a decade now. Since Yahoo Chat and the AFF bots that used to be rampant there.

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u/teh-reflex Apr 25 '22

It's probably fair to say all captchas can be bypassed if needed.

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u/son_et_lumiere Apr 25 '22

Doesn't matter. Twitter has an API. Access to it can be had easily. Anyone who can figure how to bypass a captcha can probably work their bot work with an API. Pretty sure that's what's going on today anyway.

18

u/snowdrone Apr 25 '22

There are some constructive uses for bots on twitter. I've used the api for fun projects over the years

28

u/bluespringsbeer Apr 25 '22

Twitter recently added a feature for accounts to be marked as bots below the account name to denote legitimate bots. I doubt they will ever get rid of accounts that are intentionally bots, but they will crack down more on bots that aren’t labeled

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u/distantapplause Apr 25 '22

In its place will be articles about Trump tweets. Nothing but articles about Trump tweets.

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u/DarthFister Apr 25 '22

A fate worse than death

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u/SlightlyAngyKitty Apr 25 '22

First change, all Elon critics will now be identified as pedophiles in their profile.

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u/MariachiBoyBand Apr 25 '22

Absolutely not, after the purchase it will now follow what Elon plans to do next on Twitter, will he add the edit button or not, stay tuned for next week/day/hour article about it!!

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u/SomeKindofTreeWizard Apr 25 '22 Take My Energy

How do I unsubscribe from the internet and techbro circlejerking?

78

u/IndianBeans Apr 25 '22

I think you just put your phone down

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u/MariachiBoyBand Apr 25 '22

I.. don’t know… but if you do, please let us know.

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u/SomeKindofTreeWizard Apr 25 '22

I'm gonna touch grass and move to a small cabin in northern Canada.

16

u/dennismfrancisart Apr 25 '22

At this rate, you can't afford a small cabin in northern Canada. It's gotten worse up north than even Cali.

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u/SomeKindofTreeWizard Apr 25 '22 Facepalm

Bro, I can't afford a refrigerator box and 10 feet of grass in the middle of nowhere.

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u/Fake_William_Shatner Apr 25 '22

Twitter is free but the EDIT button costs a subscription fee.

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u/HungryJaguar Apr 25 '22 Helpful

Is he going to rename it to something like, “Tw ii + ++ £R”?

1.4k

u/kirbyderwood Apr 25 '22 Silver Gold Helpful Wholesome

I vote for 'MySpaceX'

150

u/jaasx Apr 25 '22 Wholesome

Twitty McTwitface

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u/jimbo831 Apr 25 '22

According to his Twitter poll, he wants to rename it to Titter.

77

u/GamerZoom108 Apr 25 '22

At this point, just rename it to tit

34

u/SweetishFishy Apr 25 '22 Stonks Rising

And we can post teats or reteat something we find tantalizing

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u/Ninjakannon Apr 25 '22

Titillating!

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u/jackjackj8ck Apr 25 '22

What sort of impact do we think this will have on the platform?

1.3k

u/[deleted] Apr 25 '22 edited Apr 27 '22

[deleted]

392

u/ImCorvec_I_Interject Apr 25 '22

By “verify users” are you referring to his “every user who pays for Twitter Blue (at $3 per month) should get a blue checkmark” tweet that has since been deleted?

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u/LAX-Airport Apr 25 '22

I think he said it would be a green check mark so famous people wouldn't get angry.

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u/Hatch10k Apr 26 '22

Blue check marks verify the real celebrity/company amongst a sea of copycats/impersonators. They have a reason beyond stroking famous peoples' egos.

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u/OcelottaClams Apr 25 '22

He also a history of making a lot of claims that don’t come true. I can’t believe that a mega billionaire with a history of retaliation and maniacally promoting his own interests spent $45 billion in the name of free speech

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u/[deleted] Apr 25 '22

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u/ZurEnArrhBatman Apr 25 '22

By making it a private company, they will no longer have an obligation to make decisions that are in the best interests of the shareholders. Instead, they will now make decisions according to whatever Elon Musk wants.

This could go either way. In general, shareholders are driven almost exclusively by profits, which leads to decisions that prefer making money over the happiness of its users. Not having to answer to shareholders means they aren't forced to choose money over users. However, Elon may still choose to do so anyway and there will be pretty much no way to stop him.

That said, Elon is the type of person who seems perfectly comfortable burning a bunch of money in pursuit of his goals so I don't think profitability is his primary goal here. I am cautiously optimistic.

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u/KraakenTowers Apr 26 '22

You think: Elon will prioritize users over money

I think: Elon will prioritize Elon over users.

He has a private echo chamber where he can control who does and doesn't get banned for "violating TOS" (read: disparages Elon Musk or his businesses). He can freely manipulate the stock market with his tweets because he's the one who determines he's allowed to use the platform that way.

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u/[deleted] Apr 25 '22 All-Seeing Upvote Take My Energy

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u/KillerGopher Apr 25 '22

Historically low interest rates will do that.

1.5k

u/not_that_planet Apr 25 '22

And tax breaks for the uber-wealthy.

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u/figgyjello Apr 25 '22

And an entire year of free labor paid for by forgivable PPP loans.

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u/saynay Apr 25 '22

Forgivable, and intentionally untracked PPP loans.

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u/68w92 Apr 25 '22

Companies got PPP loans that had no business getting them because there was no way they would lose business. Like in the medical field.

Hard to argue against student loan forgiveness when these "job creators" have their hands out for free money

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u/shinerkeg Apr 26 '22

And a lot of us mom & pop businesses - who those PPP loans were intended to go - didn’t get squat. We were instructed to collect or have our employees collect unemployment. Good times.

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u/bigdogc Apr 25 '22

If you think ppp is overboard wait until ERC is talked about in the mainstream

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u/IAMAHobbitAMA Apr 25 '22

What is ERC?

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u/TreAwayDeuce Apr 25 '22

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u/bigdogc Apr 25 '22

Yup that’s the one. 5k per quarter to the company for employing you at 17$/hr. Imagine the impact had this 5k bonus gone to the guy making 17/hr vs the company. This went on for FIVE quarters too

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u/fkivxvii Apr 26 '22

What the fuck. They literally could have used it as an incentive to get people back to work.

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u/recalcitrantJester Apr 26 '22

Yeah, but the money is much better-spent on the plague of middlemen Job Creators praise be unto them

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u/Volraith Apr 26 '22

Can't have "the poors" having money. Welfare is only ok for billion dollar multi nationals. 🤮

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u/runtheplacered Apr 25 '22

Does this mean my wages will go up because they will save more in.... just kidding. I'm labor, I'm born to be fucked

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u/Fake_William_Shatner Apr 25 '22

"We don't know what the problem is, but, we know tax breaks for the uber-wealthy are the only solution."

~ a quote from Willis I'm not a stooge for the carpet baggers, no spin zone Wilford Baconharvest the third, media contributor for no apparent reason anyone bothers to explain, being quoted as he is a famous contributor of wisdom based on what the media tells us, without anyone bothering to explain how that came about other than they quote this asshole.

"Willis Wilford Baconharvest is the leading expert on economic shit in this day and age." Says Ben Shapiro, who is famous and popular for being famous and popular and somehow always recommended if you like video games and are under 18, or, if you don't like video games and are under 19 years of age, or, if you use Youtube. I like physics and sci-fi movies, so of course, Youtube thinks I'm interested in Ben Shapiro and a dozen other people who think lower taxes on the uber wealthy will resolve this inflationary/deflationary period.

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u/[deleted] Apr 25 '22

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u/Levitlame Apr 25 '22

Genuinely curious - Why is that? Cheap loans - invest big?

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u/polarcyclone Apr 25 '22

Yeah if inflation is 5% and interest rates on a commercial loan are 1% you effectively print money by buying and then just continously refinancing things as long as the appreciation is greater than interest. This then gets compounded by those assets appreciating meaning next cycle they can borrow even more based on the principle value of what they borrowed to buy in the first place.

This is why you see so much stress around Powell and the Fed with our low interest as soon as it goes up with any real meaning companies will start not being able to refinance the debt they've been using as a checking account and may have to sell assets.

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u/sagetraveler Apr 25 '22

The longer the drinking goes on, the worse the hangover. And we've had low interest rates since 2008 at least.

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u/PRESTOALOE Apr 25 '22

I don't know about you, but I feel completely fine having a near-zero percent interest savings account. Now I just put everything into the market risk free!

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u/DoTheMonsterHash Apr 25 '22

Is this a bot? I could’ve swore I saw this exact same comment on a different sub just a minute ago…

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u/Dark_Ninjatsu Apr 25 '22

Wait for him to take it public again after 2 years and it moons to $300 per share.

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u/Reggie222 Apr 25 '22

After 4 stock splits...

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u/TheBrownMamba8 Apr 25 '22

Buying Twitter for $44B. The ultimate pump-n-dump.

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u/Blood_and_Turds Apr 25 '22

thats a lot of money to spend just to ban that kid who was tracking his flights.

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u/thisisRio Apr 25 '22

Yeah. And now this is even funnier

https://i.redd.it/w5ub7gy14qv81.png

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u/ISBN39393242 Apr 25 '22

if only he went with “then why don’t you marry it” instead

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u/YouAreDreaming Apr 25 '22

Why did you copy this same exact sentence from the other thread?

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u/Annual-Art-2353 Apr 25 '22

Yeah , i read somewhere that the big banks have hiked IB salaries in the past few years, guess we know the reason. JP Morgan , Goldman , Citi etc have been getting a lot of business in the past few years or so

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u/Utoko Apr 25 '22

Low interest rates. Big companies and wealthy people can borrow near 0%. You probably won't get better conditions to borrow money ever. (Theoretically you can have negative interest rates ofc, not sure if we get there)

He is planning to finance the biggest part of it.

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u/ozymandious Apr 25 '22

It's all financed. He's taking loans against his other holdings and then pays those loans off with the dividends of his vast wealth.

Once you have enough money you just have, basically, infinite money.

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u/Too_Many_Mind_ Apr 25 '22

I thought I’d seen this comment near the top of a couple different threqds about the newly-minted manchild Twitter Lord. It’s very true, and also quite a karma-lucrative comment you’ve got… here on technology and news and even animetitties lol. Except askreddit who doesn’t get it, I guess. :(

Struck up a good point and some interesting conversations.

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u/cats_suck Apr 25 '22

Posting the same comment to 7 subreddits. Gotta get that karma

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u/AmazedSeal Apr 25 '22 Silver Gold Helpful Wholesome 2020 Veteran

Will he now ban that guy who tracks his plane?

1.7k

u/Fuzzwuzzle2 Apr 25 '22 Silver

He bans the guy

"So er, who wants to buy twitter off me?"

1.2k

u/MarkNutt25 Apr 25 '22

You joke, but he is definitely planning to take it public again.

Here's the plan:

  1. Buy Twitter for $44B
  2. Fix the problems he thinks it has
  3. Twitter's valuation soars
  4. Go public, and sell a majority of his shares for far more than $44B
  5. Probably commission a solid gold statue of himself on Mars

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u/janzeera Apr 25 '22

No doubt it’s part of his plan to be a trillion dollar man.

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u/maleia Apr 25 '22

Wasn't he pretty damn close not too long ago?

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u/Birbistheverb Apr 26 '22

The four comma club.

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u/AluminiumSandworm Apr 25 '22 All-Seeing Upvote

how it'll actually go down:

  1. buy twitter for $44B

  2. fix the problems he thinks it has

  3. twitter goes... even more... to shit and bleeds users

  4. elon spends the next 4 years trying to convince people it's good now actually

  5. elon gradually stops talking about it and starts attention whoring on the next big platform

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u/bakercub1 Apr 25 '22

That’s Zuckerberg’s play!

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u/Fantastic-Berry-737 Apr 25 '22

Except Zuck has the charisma of a Human Meat sandwich

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u/maleia Apr 25 '22

Shit, could you imagine if Elon manages to kill Twitter? The world will be a better place, at least until Twitter2.0 ruins things more😂

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u/ddplz Apr 25 '22

Check back in 5 years, you'll either sound like a genius, or a moron.

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u/AluminiumSandworm Apr 25 '22

!remindme 5 years

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u/TheSheetSlinger Apr 25 '22

Honestly while i know this wont happen, given Musks history I really wouldn't be surprised if it did.

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u/DinoDonkeyDoodle Apr 25 '22

No, but I would put money on him unbanning Trump, if I were the type to bet.

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u/Trogdor796 Apr 25 '22

The plan all along…

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u/Microthrowaway64 Apr 25 '22

the guy who tracks his plane begins sweating...

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u/[deleted] Apr 25 '22 edited Apr 25 '22

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u/90k_swarming_rats Apr 25 '22

Not really comparable but it reminds me of this guy i went to hs with who's dad gave him literally millions to buy up every rental property in our town. Now hes lauded as some genius super successful business man. And im not saying hes not successful, but the money definitely helped.

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u/Chatsnap Apr 25 '22

I know a guy who had a failing restaurant then inherited a bunch of money and opened some other business. His other businesses do well but they are simple concepts that just require capital. But he acts as if his first business (the one that almost failed) is how he made the other businesses happen. Nothing wrong with making good use of inheritance but it’s bull shit lie that he acts like he’s self made.

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u/stumblios Apr 25 '22

Practically every rich person wants so badly to be self-made, I don't know why their ego's are so fragile. It's not that hard to say "My parent's gave me a massive leg up in life."

No shame, it's not like I'll think less of someone just because they have rich parents. You know who I do think less of? People who pretend they did it all on their own when I know that isn't the case.

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u/metallicrooster Apr 25 '22

Practically every rich person wants so badly to be self-made, I don’t know why their ego’s are so fragile. It’s not that hard to say “My parent’s gave me a massive leg up in life.”

No shame, it’s not like I’ll think less of someone just because they have rich parents. You know who I do think less of? People who pretend they did it all on their own when I know that isn’t the case.

You personally might not think less of them but it will also lead to a lower chance of the average person seeing that celebrity or a rich person as a god-level genius.

You’re much less likely to have the public worship you if your only claim to fame as being born rich. Obviously it still happens but not nearly as often as it does for people who manage to convince the general public they are some super-authority who should be listened to/ revered.

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u/SuperToxin Apr 25 '22

Jeff bezo's parents gave and funded Amazon startup, bill gates parents were rich. Elon's parents owned an emerald mine. Family wealth is an auto success story.

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u/EnigmaGuy Apr 25 '22

Next you'll tell me that Kylie Jenner ISN'T a self made billionaire..

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u/tj3_23 Apr 25 '22

There's a good chance she wasn't ever a billionaire to begin with, self made or not

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u/uSeeSizeThatChicken Apr 25 '22

I recall reading a few years back that Bezo's parents investment in Amazon was likely the greatest investment in history as their shares would have been worth 30 BILLION--if they kept them all.

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u/90k_swarming_rats Apr 25 '22

Yea, the number one predictive factor for being rich is being born rich. Not even taking into account things like societal factors. A rich guy could blow through millions and people will still praise him as a genius, while a poor person will get scrutinized for not budgeting down to the last cent.

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u/FuzzyMcBitty Apr 25 '22

"Some are born great. Some achieve greatness. Some get it as a graduation gift." -Robin Williams

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u/SgtDoughnut Apr 25 '22

Not only did Bezo's parents fund amazon, they also saved it from bankruptcy.

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u/backyardratclub Apr 25 '22

Elon disputes the emerald mine thing but his dad was incredibly rich whether or not you buy the mine idea. They travelled around the globe growing up

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u/Dalkiel Apr 25 '22

46.5 Billion... Remember when George Lucas sold Star Wars for like 6B?

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u/smeenz Apr 25 '22

It was 4.05B in 2012, but yeah.. these numbers are all just insane.

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u/henryofclay Apr 25 '22

Larry David’s Spite Social Media Platform

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u/celtic1888 Apr 25 '22

Fuck you Mocha Joe

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u/ErusTenebre Apr 25 '22

The fun part? He's not even buying it with his own money. He's using a giant loan basically to buy it. Rich people get to play with the concept of money without really putting their own at risk.

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u/Jeff-Jeffers Apr 25 '22

The Schedule 13D filed on 4/20 states the funding as follows:

$13bn of secured / unsecured debt (presumably on twitter’s assets)

$12.5bn margin loan from Morgan Stanley (presumably from Tesla stake)

$21bn from Musk.

So he’s putting up $21bn of his own money and I am sure that will be the capital that is the most junior in the capital table (if Twitter sells for $40bn instead of $44bn, the $4bn loss comes from Elon’s $21bn).

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u/PhrozenWarrior Apr 25 '22

Well, he'd have to pay back the loan, the big thing is this is all tax-free. He's not using his taxed income to buy Twitter, he's taking a loan that he'd eventually repay (with untaxed value)

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u/PuddingInferno Apr 25 '22

Or he could, like a lot of leveraged buyouts, use the company's own assets as collateral for the loan.

It's like buying a company, except 90% of the 'money' you're using to buy the company is... the company's own money.

23

u/Fake_William_Shatner Apr 25 '22

"In order to be competitive, and have liquidity, the board has decided to sell off all our manufacturing equipment to My Cousin Vinnie's holding company. Who will absorb the liability, and lease equipment to various companies. What companies? Just us for now."

"The board regrets to inform the striking workers that the company is going bankrupt. Concessions will have to be made."

"Twinkies is now selling and making record profits! But, saddled with debt and obligations, has very little cash flow to help it's workers."

"One year old super star, My Cousin Vinnie's holding company shares are up 2,000%!"

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u/[deleted] Apr 25 '22

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u/3my0 Apr 25 '22

If Tesla drops enough he could be margin called and have to sell the shares and pay taxes on them.

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u/NCSUGrad2012 Apr 25 '22

It’s basically ultimate FU money.

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u/Cutmerock Apr 25 '22

Elon is using a Game Genie in real life

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u/ufbam Apr 25 '22

So who's interested in seeing the algorithms once they're open source? What methods will be used to verify humans and keep out bots? Does anyone here actually discuss technology?

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u/Monfonguito Apr 25 '22

It will be great, there are a lot of methods to discover bots. However when you're a public company, they're not exactly motivated to drop traffic by 20-30% by getting rid of the bot farms.

Excited to see the algorithms / NLP used to determine abuse etc. Also can't wait for them to drop political contributions completely, along with advertising. Lots of exciting things can be done with this as a private company and well meaning owners.

Onwards and upwards.

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u/diata22 Apr 25 '22

truly the best take i've heard so far. I actually think it's good for twitter, being a cesspool of bots was previously good for it's business and now they dont have any need to keep that up. hopefully they allow users to choose/design their own algos for the recommendation feeds

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u/shamowfski Apr 25 '22

He'll finally be able to ban that guy tracking his jet. 44B well spent.

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u/Practical-Mud-1 Apr 25 '22 edited Apr 26 '22 This

Over / Under on how many days until Trump is unbanned?

My guess is that Trump will be tweeting again within a month.

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u/Collective82 Apr 25 '22

Want to bet he announces his re election campaign as his first tweet?

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u/Dawanna Apr 25 '22 edited Apr 26 '22

I second this bet. Also side bet that he misspells something to

Edit: I’m an idiot. I was educated in Ohio and then Florida so don’t expect much from me. But at least I’m not a president.

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u/dsm1995gst Apr 25 '22

I to bet he’s going too misspell something

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u/narwhaleius Apr 25 '22 Table Slap

The irony of this comment

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u/cranktheguy Apr 25 '22

Also side bet that he misspells something to

That should be "too". Lucky reddit has an edit button.

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u/Generalsnopes Apr 25 '22

I wouldn’t bet on that. He makes good money off of not announcing that. Because donations don’t have to go towards a campaign if he’s not campaigning

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u/zSprawl Apr 25 '22

I look forward to seeing footage of the capitol insurrection labeled as “Biden’s America” again.

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u/cranktheguy Apr 25 '22

Why would Trump need twitter when he's got his own competing social media company? Surely he'd much rather post there.

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u/SgtDoughnut Apr 25 '22

This has to be satire...he's only ever posted there once, and hasn't since.

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u/diata22 Apr 25 '22

He also weirdly told Fox that he has no plans of going back to twitter. I reckon he does it when he announces he's running again. He'll probably bide his time before returning.

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u/the_oogie_boogie_man Apr 25 '22

And we all know he never goes back on what he says

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u/[deleted] Apr 25 '22 Silver Gold Helpful Wholesome All-Seeing Upvote

[removed] — view removed comment

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u/JJ82DMC Apr 25 '22

He wanted the founder's edition.

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u/TheBrownMamba8 Apr 25 '22

Ahhh Elon Musk, my favourite founder of PayPal, Tesla, and Twitter.

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u/New-Skin-2717 Apr 25 '22

If i was elon musk, I would close down twitter immediately and then buy Facebook and close it down too.

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u/mintcrisp_ Apr 25 '22

facebook is worth double elon's entire net worth and that's with facebook's share price in the gutter.

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u/Jeremizzle Apr 26 '22

I would hope that a global company with thousands of employees would dwarf the net worth of a single man. It's insane that it's only double.

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u/whattherealheck Apr 25 '22

RIP Twitter Employees

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u/CyberVol Apr 26 '22

Whoa boy, are a shit ton of their employees going to get the immediate axe. Immediate. I’d be working on my resume tonight.

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u/imareddituserhi Apr 25 '22

All these mergers and acquisitions recently is crazy, it's like a game of monopoly.

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u/golgol12 Apr 25 '22

Mergers and acquisitions are common when business conditions are bad. Covid downturn did that. The companies that have cash reserves pick up companies on the cheap.

Infact, the super rich would rather have a boom and bust cycle than constant smooth sailing. They sell during the boom, and buy during the bust.

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u/Tow_117_2042_Gravoc Apr 26 '22

Take it a step further - There’s evidence that the wealthy of America have been coercing booms into busts since the Great Depression.

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u/retroracer33 Apr 25 '22

I don't really care that he bought, I just feel like it's pretty silly to think twitter has some secret potential that hasn't been unlocked. I guess that's tech bro ego for you.

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u/xResonate Apr 25 '22

He can unban Trump

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u/[deleted] Apr 25 '22

People joke about this, but once Trump starts tweeting again the ad spaces around his controversial tweets will go through the roof just for the exposure.

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u/Ejacutastic259 Apr 25 '22

WHO GAVE TRUMP A MICROPHONE MORE THAN ANYONE YOU IDIOTS

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u/jennatools69lol Apr 26 '22

Musk wants to open source Twitter's algorithm. Some fucky shit is about to happen.

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u/GunSlingerAUS Apr 26 '22

Yet another right wing rich kid controlling a major media platform. We're doomed. At least he has to push renewables in some form, so he isn't quite as evil as the Murdochs of the world.

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u/betterthanyours1 Apr 25 '22

The board is all getting fired anyway.

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u/promptu5 Apr 25 '22 edited Apr 26 '22

time for him to create 10 more problems in an effort to "keep out the bots"

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u/1959Chicagoan Apr 26 '22

Makes me wonder how ugly the post mortem exam of preElon Twitter will be. How many bots or foreign operations were driving narratives that have changed modern society? What do those algorithms contribute to the bat shit crazy atmosphere? I have a feeling Musk will have much to share.

Who wants popcorn?

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u/mrp8528 Apr 25 '22

We're about to learn he invented Twitter.

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u/Fr05tByt3 Apr 25 '22

I'm surprised his bio doesn't already read as "Twitter founder"

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u/Dutchpvr Apr 25 '22

Can't wait for "free speech" on Twitter.

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u/Panzerschwein Apr 25 '22 edited Apr 25 '22

The line used to be "Don't like how they do things? Too bad they can do what they want, go make your own Twitter." Musk must have realized it's easier to buy the Twitter that already exists than to build one from the ground up.

I guess now the tables are turned, if people don't like how Musk runs Twitter they should either buy it from him or make their own Twitter.

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u/cosnoid Apr 26 '22

Wow, this seems like such a bad deal. Twitter’s Free Cash Flow is negative(!) and their total revenues are 3.5 billion a year. Musk will probably try to make the company profitable through cost cutting.

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u/ReadingGoat Apr 26 '22

he doesn’t care about the money. this is about the culture war.

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u/hobs8 Apr 25 '22

Just imagine if he burns Twitter to the ground. Could be one of the best things that could happen to our civilization at this point.

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u/jason_stanfield Apr 25 '22

I have a strong feeling it has already been sparked.

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u/TrainAss Apr 25 '22

With Facebook Meta following quickly behind it.

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u/Neriek Apr 25 '22

"Finally I can tweet what I want and not get banned"

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u/DRob2388 Apr 25 '22

I’m fine with him purchasing twitter. Don’t think it really matters who runs the company it’s still going to be a dumpster fire.

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u/Lothaire_22 Apr 26 '22

Twitter employees buying teslas with their instant payout.