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Elon Musk Offers to Buy All of Twitter
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I think it is pretty clear why Musk did not join the board. the implications of the Fiduciary Duty that he would take on as a board member... ie having to do whatever it takes, at any cost to maximize shareholder value regardless of the unquestionably detrimental societal consequences.
Fair point on misinformation, that is a little harder to decipher, but the both sides comment is a bit disingenuous for me. I don't agree regarding your second point. I understand that we have different opinions, but I don't think any platform should be allowing racism and bigotry to be pushed to the masses, especially from government officials or high profile users with big followings. Allowing that type of speech to be broadcasted, only gives the impression that it is okay or normal, continues to stoke more hatred, and causes people on the receiving end of the racism and bigotry to continue to be targeted and tormented. We need to show the world that it is simply not okay and hold people accountable. I think the people who consistently cry about "free speech" being taken away (although it's not at all) aren't properly considering the feelings of people that are targeted by racism and bigotry. I am fortunate enough to not have that issue, but I can clearly see how wrong it is for those who do.
No, I want to get the government involved because these websites have become so masssive and so influential in daily life that I don't believe that they should be run like it's some libertarian's wet dream. Most civilised countries in the world have standards for media and publishers. Social media websites are de facto publishers since they curate content in various ways - through algorithms, for example, and so they should have to take responsibility. Just a simple example: in a country like the UK, you can't just promote anorexia, but on a website like Instagram genuinely anorexic models are shown and algorithmically promoted to millions out there. I don't believe that's right, end of.
So, if I don’t like a tweet or say something negative about him or his views, does my device burst into flames like his cars?
I mean thats what is there now so...along with massive censorship.
Why don’t Elon start his own free speech platform for a fraction of $40 billion offer for Twitter? If that is what the people want, then surely they will drop Twitter and join him.
An excellent point
The billionaire baby just wants to "get what he wants".
Twitter is popular because it offers a lot of different things to different people.
Turning it into his vision, under his control, would really just kill it eventually.
The dirty little secret that even complainers about Twitter won't admit .... they like the attention and reach they get there. A little play pen that operates "like Musk wants" won't be broadly popular and thus doesn't have the reach he enjoys on Twitter.
Basically he needs to get some therapy, learn to comport himself like a mentally mature adult and participate within the existing framework...if he wants to enjoy the reach his brand can have on Twitter.
Like most other people I knew at MIT, Elon is a moron when it comes to understanding human beings. The best thing that could come of this is the final and total collapse of Twitter.
Elon Musk, founder and CEO of Tesla, has offered to purchase all of Twitter for $54.20 per share, valuing the company at $43 billion, in a letter to the social media company's chairman of the board, Bret Taylor.
In a letter filed with the SEC, Musk says that following his purchase of 9.1% of the company earlier in the month, he is "offering to buy 100% of Twitter for $54.20 per share in cash." Musk purchased nearly 10% of the social media giant and was set to become a member of its board, but due to unknown reasons, Musk pulled out.
Musk in the letter goes on to state that Twitter has "extraordinary potential" that he will unlock. Since making his earlier investment in the company, Musk wrote that he has realized "the company will neither thrive nor serve this societal imperative in its current form," adding "Twitter needs to be transformed as a private company."
"My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder," Musk concludes. Musk in the last several months has been a vocal critic of Twitter on the platform, calling into question its policies and at one point seemingly contemplating whether a new, competing social media platform would need to be made.
Update: In a statement, Twitter has confirmed it has received Musk's offer and will "carefully review the proposal to determine the course of action that it believes is in the best interest of the Company and all Twitter stockholders."
Article Link: Elon Musk Offers to Buy All of Twitter
While that argument works for most cases, the real problem is how inciteful tweets result into real world violence. And there is no accountability. Its a free for all shooting season.
In recent years due to lot of fake news and misinformation, an alternate reality has been created. These people even down voted my comment thinking it was targetting them.
We need safe digital spaces and twitter and facebook have created the exact opposite of that.
I think two things:
1. Because under current management, it would never realize its potential. If Musk ends up selling his 9% stake, then I bet the share price will take a nose dive, and probably not recover.
2. Musk might not be talking about 'potential' from an investment or $$$ point of view.
I don't understand your reply
Musk should for sure make his own platform if he would prefer it to operate differently - way way cheaper!
A key reason he doesn't -- is that Twitter is appealing because of the reach.
The reach is really hard to replicate. I think if he made his own, he'd find out pretty quickly that a huge segment of the world doesn't agree with his particular ways of operation and won't use it -- and thus he won't have the same reach.
tldr -- this is just a classic case of "billionaire wants it their way ... and is trying to purchase their way to getting what they want"
I miss the good ol days when the filthy rich megalomaniacs were more discreet in controlling commerce, politics, and public discourse...
Musk doesn’t need to make a platform. He just bought one.
Anyone who is upset about that, can move off Twitter and use their own platform.
Pretty simple
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