Elon Musk buys twitter at $54.20 per share
Trading halt halted.
RT: So @jack pockets $974 million in cash with @elonmusk deal.
Company behind Truth Social has crashed 16% today.
Will twitter become a subscription service behind a paywall?
OnlyTwitter?
TWITTER CEO TO ADDRESS EMPLOYEES AT 2PM PACIFIC TIME
ZH: Biggest corporate mass resignation event on deck
Quote: TigerWuHuh, guess I was wrong about this... I figured it would never happen. I still think this will only end badly for Twitter.
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If things ended well they wouldn’t end.
Quote: mcallister3200Quote: TigerWuHuh, guess I was wrong about this... I figured it would never happen. I still think this will only end badly for Twitter.
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If things ended well they wouldn’t end.
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That doesn't make sense....
Apparently Musk isn’t a fan of permanently working from home. Gonna find out the hard way that software companies <> car companies.
but
*TWITTER TO IMPOSE HIRING FREEZE FOR NOW, CEO TELLS EMPLOYEES
*SENATOR WARREN RIPS ELON MUSK-TWITTER DEAL AS 'DANGEROUS'
Dogecoin jumps more than 20% after Twitter agrees to Elon Musk's buyout deal
Quote: billryanI don't see why any employee would want to leave. Musk's track record with labor is pretty good and he has made many of his workers rich. I imagine his HR guys have boatloads of resumes from people eager to work with/for him.
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Really?? I mean, I know a lot of tech nerds love him, but I've been hearing for a while now how he treats a lot of his employees like ****.
Quote: TigerWuQuote: billryanI don't see why any employee would want to leave. Musk's track record with labor is pretty good and he has made many of his workers rich. I imagine his HR guys have boatloads of resumes from people eager to work with/for him.
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Really?? I mean, I know a lot of tech nerds love him, but I've been hearing for a while now how he treats a lot of his employees like ****.
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The sarcasm meter is pinned at broken.
Quote: ChumpChangeQuote: TigerWuQuote: billryanI don't see why any employee would want to leave. Musk's track record with labor is pretty good and he has made many of his workers rich. I imagine his HR guys have boatloads of resumes from people eager to work with/for him.
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Really?? I mean, I know a lot of tech nerds love him, but I've been hearing for a while now how he treats a lot of his employees like ****.
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The sarcasm meter is pinned at broken.
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He has a lot of fanboys, so you never know who is trying to defend him.
If you excel at your job and give 100% 110% of the time, you'll love working for Tesla. If you start checking out at 4:30 every day, you'll hate it. People have been hating on him since Paypal.
All I know is my money guy early on told me to invest in him and I have. He is both an innovator and a disruptor, a combination that is pretty rare, especially in industry. I saw a poll where 27% of twitter workers say they hate him. Let's see how many walk.
Everybody Wants To Tweet The World - Tears For Fears
You do have to admire his style. He got exactly what he wanted at exactly the price he was willing to pay and he didn't even break a sweat. He even threw in a pot joke for manures and giggles. Funny guy.Quote: MrVMust be nice to have enough money to try to change the world on a whim.
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Quote: GandlerThis will probably be good for Twitter (in terms of value). They are going to get a lot of views by controversy and endless media coverage (which leads to even more views and more clicks). At least in the short term, how it play out long term, who knows.... But, it will probably push it upwards for now. It will probably be good for Dogecoin as well. For users and employees, who knows (time will tell).... For investors, probably good.
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He is taking it private. The investors get paid and are out.
Quote: billryanQuote: GandlerThis will probably be good for Twitter (in terms of value). They are going to get a lot of views by controversy and endless media coverage (which leads to even more views and more clicks). At least in the short term, how it play out long term, who knows.... But, it will probably push it upwards for now. It will probably be good for Dogecoin as well. For users and employees, who knows (time will tell).... For investors, probably good.
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He is taking it private. The investors get paid and are out.
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That is what he said (has not happened yet), we will see. Either way good for the price (either he buys at a premium or does not and it continues to rise). He is good at doing things to drive up the price, I would not put past him public musings about making a company private (only to then sell). Pretty much nothing he can do that is bad for the trajectory.
Quote: TigerWuQuote: billryanI don't see why any employee would want to leave. Musk's track record with labor is pretty good and he has made many of his workers rich. I imagine his HR guys have boatloads of resumes from people eager to work with/for him.
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Really?? I mean, I know a lot of tech nerds love him, but I've been hearing for a while now how he treats a lot of his employees like ****.
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There always going to be disgruntled workers when you employ that many. I did admire his recent interview where he admitted his hiring principles have adapted. He wants people with a good heart over the jerk wad who might know more, be better educated and have better business instincts. He thinks the latter, while they can benefit a company, ultimately are a cancer that needs to be expunged.
Well, we can dream, can't we? Maybe we'll get lucky and he does the same with Facebook, too...
If anyone can do it, he might be the guy, to finally put money and AI to good use and FIX the problem with bots and echo chamber algorithms.
There is no way he will try to kill it intentionally, and while he might stir up some controversy and get it blocked temporarily in app stores, he's not stupid enough to accidently kill Twitter and lose all of his investment and ideological beliefs around it.
There's actually weird things going on today. Some big name users are reporting that they are suddenly losing thousands of followers. The speculation is that people are pulling their bots before Musk begins a purge of fake accounts.Quote: MukkeAs much as I fear his convictions will mean letting anyone (*cough* Trump *cough) have their free speech, I'm actually curious to see what he will do about bots.
If anyone can do it, he might be the guy, to finally put money and AI to good use and FIX the problem with bots and echo chamber algorithms.
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Other famous users, however, seem to suddenly be gaining thousands of followers. So, maybe there was a mini purge overnight or perhaps someone is adjusting the programming. Of course, the numbers could simply reflect an immediate exodus of newly disgruntled users along with the returning arrival of formerly disgruntled users.
Quote: GundyIt's a sad day for censorship.
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You mean a good day? Now one man controls an entire media outlet and is taking it private.
Quote: ChumpChangeJust saw a tweet by Elon Musk that he'd buy Facebook just to delete it.
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He could pay Facebook users to delete their accounts. Throw a fin at everyone willing to do it. That would destroy FB and save Elon lots of cash.
It’s not like the news paper business is exactly the most profitable ndustry since basically the dot com boom.
Sure, they have a website where they now charge subscription fees, but it’s no Amazon.
Elon Musk Is A HUGE Fan Of Cancel Culture - TYT - YouTube https://www.youtube.com/watch?v=dD3jfqbI3SI
Ben Shapiro Wants Elon Musk To Fire ALL Twitter Workers - TYT - YouTube https://www.youtube.com/watch?v=v1n7hLVekCk
Okay. Just to mention that you have options: lots are going to http://Counter.Social to avoid Musk / Twitter Parlor.
SCOOP:
Some Twitter users noticed massive follower drop-offs yesterday.
Twitter just confirmed to @NBCNews that this activity was organic, not automated.
In short: The same day Elon Musk bought Twitter, a lot of people deactivated their accounts.
Elon Musk’s Twitter takeover: the experts’ verdict on what lies ahead | Elon Musk | The Guardian
https://www.theguardian.com/technology/2022/apr/27/elon-musks-twitter-takeover-the-experts-verdict-on-what-lies-ahead?CMP=Share_iOSApp_Other
People are leaving YouTube for Odysee
Elon Musk Unsuspended My Twitter Account
https://odysee.com/@Drunk3po:d/elon-musk-unsuspended-my-twitter-account:d
Judge rejects Elon Musk's bid to throw out settlement over 2018 tweets - Raw Story - Celebrating 18 Years of Independent Journalism
https://www.rawstory.com/elon-musk-2018-sec-settlement/
BREAKING: Leaked Audio of @Twitter All-Hands Reveals Employees Press Leadership Over What “Free Speech Means”, A Plan for “Mass Exodus” Due to @ElonMusk
“Questionable Ethics”, & Questioning if President Trump Will Return to The Platform
#TwitterAllHands
https://twitter.com/laralogan/status/1519138401575874560
RT: Everyone in the moderation, safety and health divisions of twitter please rise. Your jobs have been terminated - thank you. All legal counsel - terminated.
Anyone who thinks policies involving moderation are important - your jobs are terminated.
No way around it.
"Project Veritas just leaked the full 45 minute audio from Twitter’s all hands meeting: https://t.co/ZRQ4DXQLqO" / Twitter https://twitter.com/getongab/status/1519137545992519682
Twitter Accused Of Conspiracy As Conservatives Mysteriously Start Gaining THOUSANDS Of Followers - TimCast - YouTube
https://www.youtube.com/watch?v=D8KKVneoJck
"My phone number was banned from creating an account until yesterday"
Quote: Mary0393If it stayed the same, then why did he buy it?
It’s not like the news paper business is exactly the most profitable ndustry since basically the dot com boom.
Sure, they have a website where they now charge subscription fees, but it’s no Amazon.
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Uh oh….welcome to the forum…
Tesla Stock loses $128 billion! Could affect financing for twitter acquisition.
https://www.youtube.com/watch?v=BhaiCDMzcXs
tesla stock | bankruptcy incoming | the truth - Meet Kevin - 1.81M subscribers - YouTube
Tesla falls to below $840/share, from over $1,000/share a couple days ago.
https://www.youtube.com/watch?v=pb0-3-59du4
Quote: mtcardsAfter all is said and done, Twitter will be the same as it always has been. A place for people to come and complain about other people, the only difference is that both sides will be heard complaining.
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"Both sides" of what?
Quote: ChumpChangeIt looks like there's early indications that tens of thousands of accounts are unfollowing MOR celebrities and even more tens of thousands of accounts newly following far-right celebrities in the last day. It looks like an exodus from twitter while the Nazis march in.
[snip]
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WARNING: The use of the term 'Nazis' to characterize people with different opinions than you is "controversial speech." And indeed this entire thread is in jeopardy of being shut down due to political speech. This is my last warning. Stay far away from expressing any political viewpoints. (And I won't be surprised if another moderator thinks that a warning is not sufficient in this instance and takes immediate further action.)
Quote: ChumpChangeIt's really annoying when you can't quote news articles about their subject matter because they bot-stopped the same word in the comment sections.
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Comment sections shouldn't even be allowed on news articles, period.
I'm betting the early investors are laughing themselves silly right now.
Quote: TigerWuQuote: ChumpChangeIt's really annoying when you can't quote news articles about their subject matter because they bot-stopped the same word in the comment sections.
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Comment sections shouldn't even be allowed on news articles, period.
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I'm noticing a few news websites that have turned off comments recently. Of course now the news org won't know their audience anymore, but did they ever?
Twitter could just ban all news outlets from the site, all corporate outlets from the site, all business stores from the site, and individuals can go on tweeting about the birds in the sky.
Musk talks about authenticating humans - obviously as a shield against bots. What does "authenticating humans" mean?
Quote: gordonm888Can anyone describe what the spambot situation has been on Twitter?
Musk talks about authenticating humans - obviously as a shield against bots. What does "authenticating humans" mean?
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On another site, they were saying you would need to be verified to post, with speculation that you'd have to register similar to ebay or Paypal. I don't use twitter but this is looking to be a big mess.
Quote: TDVegasQuote: TigerWuQuote: billryanI don't see why any employee would want to leave. Musk's track record with labor is pretty good and he has made many of his workers rich. I imagine his HR guys have boatloads of resumes from people eager to work with/for him.
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Really?? I mean, I know a lot of tech nerds love him, but I've been hearing for a while now how he treats a lot of his employees like ****.
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There always going to be disgruntled workers when you employ that many. I did admire his recent interview where he admitted his hiring principles have adapted. He wants people with a good heart over the jerk wad who might know more, be better educated and have better business instincts. He thinks the latter, while they can benefit a company, ultimately are a cancer that needs to be expunged.
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I've read that the Twitter compensation package is about 50% salary and 50% stock (either options or out-right grants). I have not seen any formal studies but if that's the case then based on what I hear from colleagues I would say that's at the high end. As comparison, a couple of family members have just taken jobs at Google and the stock grants are ~25% of the annual salary. If Musk takes the company private then he is either going to have to re-negotiate everyone's compensation or face a mass exodus.
Also, just to keep it all in perspective, while Musk and Twitter get a lot of press, as far as the tech community goes, Twitter is a very small and insignificant company. Total employment is ~ 7,500. Facebook/Meta is 75k, while Google and Apple are both ~ 150k employees. In fact in the last 3 months Google hired 7500 new staff and plan on adding another 12-15K by year's end. Any Twitter employee looking to jump ship wont have too much trouble. Finding replacements may not be as easy.
Quote: ams288I’m kind of skeptical that this sale will even close. This whole thing feels like one big publicity stunt by Musk. Just another billionaire who loves to see his name everywhere.
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https://www.foxbusiness.com/markets/elon-musk-tweets-that-deal-for-twitter-is-on-hold.amp
Quote: @elonmuskTwitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users
