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Should I step down as head of twitter
This poll is closed.
Yes 420 4.43%
No 69 0.73%
Goku 9001 94.85%
Total: 9490 votes
[Edit Poll (moderators only)]

 
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The Lone Badger
Sep 24, 2007

god please help me posted:

With any hope elon owning twitter will be the impetus get people to leave, like how banning porn made people leave tumblr.

(Tumblr is fine though and still going)

It's alright, he'll just get his Tesla engineers to implement self-posting accounts.

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Bad Purchase
Jun 17, 2019




GABA ghoul posted:

I htbh but I'm very conflicted about all of this. On one hand it would be really funny to see Musk get hosed, but on the other hand I'm kinda worried about the end of peace, human rights, prosperity, stability and rule of law in the western world if Trump is let back on Twitter before the GOP primaries. I don't know who to root for.

it's not trump on twitter that's the concern, he's already too famous for deplatforming to do much. anyone who cares what he has to say knows where to find him, and other media constantly talks about the dumb poo poo he says, including plenty of twitter reply guys who screenshot his "truths".

the concern would be that twitter under musk would do even less than the, well, barely anything they're doing now to enforce standards against hatred, bigotry, and misinformation that is harmful to public health and allowing more nazis to grow platforms in the future. it will undeniably be worse with him at the helm, but it's already very bad. i would care more if twitter were actually worth saving. instead i'm happy to watch them tear each other apart.

Serious_Cyclone
Oct 25, 2017

I appreciate your patience, this is a tricky maneuver

Bad Purchase posted:

it's not trump on twitter that's the concern, he's already too famous for deplatforming to do much. anyone who cares what he has to say knows where to find him, and other media constantly talks about the dumb poo poo he says, including plenty of twitter reply guys who screenshot his "truths".

the concern would be that twitter under musk would do even less than the, well, barely anything they're doing now to enforce standards against hatred, bigotry, and misinformation that is harmful to public health and allowing more nazis to grow platforms in the future. it will undeniably be worse with him at the helm, but it's already very bad. i would care more if twitter were actually worth saving. instead i'm happy to watch them tear each other apart.

This is absolutely it. Musk is pure poison for what Twitter could be but isn't. If there's a battle over the soul for America and western democracy, this isn't it.

god please help me
Jul 9, 2018
I LOVE GIVING MY TAX MONEY AND MY PERSONAL INCOME TO UKRAINE, SLAVA
twitter saw a chance to inflict millions of dollars of damage against elon musk and took it. and really who can blame them?

BoldFace
Feb 28, 2011
Good to see Ye back on Twitter.
https://twitter.com/kanyewest/status/1578957396604424193

TheBizzness
Oct 5, 2004

Reign on me.
Holy poo poo.

god please help me
Jul 9, 2018
I LOVE GIVING MY TAX MONEY AND MY PERSONAL INCOME TO UKRAINE, SLAVA
I refuse to use twitter normally, but I took the time to report that. Dude's antisemitic.

Caesar Saladin
Aug 15, 2004

Kanye has gotten crazy beyond crazy, he's starting to use that weird punctuation and rambling writing style that actually insane people use, he's a year away from writing screeds about conspiracies all over his car. I love his music and its a bummer, he seems like an absolutely tormented man surrounded by only bad influences. He was once a cool and inspiring man.

god please help me
Jul 9, 2018
I LOVE GIVING MY TAX MONEY AND MY PERSONAL INCOME TO UKRAINE, SLAVA
ah gently caress i just realized the weird spacing is the dumb as poo poo (((antisemitism thing))) but without the multiple parantheses since non-antisemitic people have been reclaiming those.

Ubersandwich
Jun 1, 2003


I can't wait till the House GOP Judiciary Twitter account retweets this.

a7m2
Jul 9, 2012


god please help me posted:

ah gently caress i just realized the weird spacing is the dumb as poo poo (((antisemitism thing))) but without the multiple parantheses since non-antisemitic people have been reclaiming those.

I thought it was a pregnant pause

Brother Tadger
Feb 15, 2012

I'm accidentally a suicide bomber!

Tweet deleted for violating rules lmao

Main Paineframe
Oct 27, 2010

Brother Tadger posted:

Tweet deleted for violating rules lmao

screenshot for the people who foolishly dared to sleep

Strategic Tea
Sep 1, 2012

Indescribably rich entertainment man... bad?

kdrudy
Sep 19, 2009

Strategic Tea posted:

Indescribably rich entertainment man... bad?

Or at least needs medication that no one close to him will make sure he takes.

Caesar Saladin
Aug 15, 2004

He seems to go on medication sometimes, and he's just kinda quiet and stays out of social media, and then usually when he has some kind of album or something coming out he stops taking it and goes on a self destructive bad opinion spree

B-Rock452
Jan 6, 2005
:justflu:

Caesar Saladin posted:

He seems to go on medication sometimes, and he's just kinda quiet and stays out of social media, and then usually when he has some kind of album or something coming out he stops taking it and goes on a self destructive bad opinion spree

He is bipolar and admitted he doesn't believe in medication. His mom's death also completely broke him, he spent millions having a developer make a video game where he visits her in heaven.

TwoPair
Mar 28, 2010

Pandamn It Feels Good To Be A Gangsta
Grimey Drawer

Main Paineframe posted:

screenshot for the people who foolishly dared to sleep



♫ Musk show me the way because the left is tryin to take me down ♫

TwoPair fucked around with this message at 17:11 on Oct 9, 2022

Brother Tadger
Feb 15, 2012

I'm accidentally a suicide bomber!

B-Rock452 posted:

he spent millions having a developer make a video game where he visits her in heaven.

Wanna play this; link?

Fumble
Sep 4, 2006
Probation
Can't post for 12 days!

Brother Tadger posted:

Wanna play this; link?

https://www.youtube.com/watch?v=b7KUJqmWKqo

CommieGIR
Aug 22, 2006

The blue glow is a feature, not a bug


Pillbug
It sounds like Musk can't get the financing lined up, which isn't suprising because Twitter is basically a financial time bomb at this point. Any financial group worth it salt wouldnt want it on their books.

Sentient Data
Aug 31, 2011

My molecule scrambler ray will disintegrate your armor with one blow!
Good thing the contract that musk signed doesn't say anything about outside financing, because that fact (if it's a fact in the first place) is completely irrelevant. It's no different than someone trying to convince a bank to not be mean about overdue credit card bills because they haven't won the lottery yet

Mr. Lobe
Feb 23, 2007

... Dry bones...


CommieGIR posted:

It sounds like Musk can't get the financing lined up, which isn't suprising because Twitter is basically a financial time bomb at this point. Any financial group worth it salt wouldnt want it on their books.

I wonder if the funders he's gotten so far are considering those loans a write off to prevent his stock (in which they are leveraged) from collapsing too soon, which will happen if he has to sell off his stuff

Klyith
Aug 3, 2007

GBS Pledge Week

CommieGIR posted:

It sounds like Musk can't get the financing lined up, which isn't suprising because Twitter is basically a financial time bomb at this point. Any financial group worth it salt wouldnt want it on their books.

He has commitment contracts from banks for $13 billion, which are pretty iron clad and the only way they're not lined up is if Elon is intentionally loving them up.

The financing that's not lined up anymore is the billions he was getting from silicon valley friends via text message. Some of them probably have questions about whether they'll make their money back, but maybe some others are having second thoughts about backing Musk's "truth in the middle" re-platforming of Nazis and Trump, now that their names are in public. They were of course fine with it when they were doing a private deal directly with Musk.

But that's not valid for getting out of the deal. :lol:

CommieGIR
Aug 22, 2006

The blue glow is a feature, not a bug


Pillbug

Klyith posted:

He has commitment contracts from banks for $13 billion, which are pretty iron clad and the only way they're not lined up is if Elon is intentionally loving them up.

The financing that's not lined up anymore is the billions he was getting from silicon valley friends via text message. Some of them probably have questions about whether they'll make their money back, but maybe some others are having second thoughts about backing Musk's "truth in the middle" re-platforming of Nazis and Trump, now that their names are in public. They were of course fine with it when they were doing a private deal directly with Musk.

But that's not valid for getting out of the deal. :lol:

Part of the issue that's come out with his attempted retry of the purchase too is he's trying to negotiate again on something he already signed to avoid the court case.

Twitter is not playing ball. They'd rather proceed with the court case than renegotiation.

Durzel
Nov 15, 2005


The expectation that he can or will complete must be pretty low for Twitter to essentially decide that the court case is their better option in terms of getting money out of Musk.

Based on his histrionics both inside and outside of this deal it's probably a wise strategy.

What will be interesting is how the Delaware judge handles Musk pivoting to say that he's trying to buy the company but that Twitter won't let him. I understand that he's got an extension, but what happens after that when (as seems likely) he'll still be prevaricating? Truly bizarre.

therobit
Aug 19, 2008

I've been tryin' to speak with you for a long time
Musk is slowly morphing into Trump.

koshmar
Oct 22, 2009

i'm not here

this isn't happening

therobit posted:

Musk is slowly morphing into peeling off the mask to reveal Trump.

CommieGIR
Aug 22, 2006

The blue glow is a feature, not a bug


Pillbug

therobit posted:

Musk is slowly morphing into Trump.

Here's my shocked face that a beneficiary of South African Apartheid era mineral mining is a piece of poo poo.

mobby_6kl
Aug 9, 2009

by Fluffdaddy
Isn't tanking the financing what would allow him to get out of the deal for $1B? Writing that off might be legit his best option at this point.

Professor Shark
May 22, 2012

I feel like Twitter just hit it hit on roulette with their first deal and now Musk is trying to convince them that it would be really cool if they re-did it and tried again. Why on earth would they renegotiate the deal?

Klyith
Aug 3, 2007

GBS Pledge Week

Durzel posted:

What will be interesting is how the Delaware judge handles Musk pivoting to say that he's trying to buy the company but that Twitter won't let him. I understand that he's got an extension, but what happens after that when (as seems likely) he'll still be prevaricating? Truly bizarre.

Matt Levine posted:

Fourth: If Twitter’s lawyers find themselves emailing Chancellor McCormick at 5:00:01 p.m. on Oct. 28 to ask for a November trial date, she’s gonna write back at 5:00:02 saying “We’re doing Nov. 1 at 8 a.m.” And the trial will be very quick, and there will be a smell of brimstone in the courtroom, and Elon Musk had better have a really really really really really really really really really good excuse for why he’s not closing. And that excuse had better be new. “I think that as many as 6% of Twitter’s users might be bots” is not gonna cut it.


mobby_6kl posted:

Isn't tanking the financing what would allow him to get out of the deal for $1B? Writing that off might be legit his best option at this point.

Matt Levine posted:

There are funny possibilities here. Maybe everyone will show up at the closing and Morgan Stanley will walk in and say “hey guys you’re not going to believe this but we have reason to think that more than 5% of Twitter’s users are spam bots, which would create a material adverse effect on the company, so we can’t close the financing, deal’s off.” That would be the funniest possible outcome, much funnier than Musk just changing his mind again. Musk is a business prankster and his antics are getting old, but for a serious Morgan Stanley banker to show up and do the bot routine, with a straight face, would be incredible.

But I think the chances of this are slim. In general, it is very bad form for banks to try to back out of their debt financing commitments, to the point that it almost never happens. Musk’s banks are going to lose at least hundreds of millions of dollars selling this debt on the terms they agreed to in happier times in April, but that happens all the time; banks don’t try to get out of buyout financing commitments just because the market has shifted and they’ll lose huge amounts of money. This is in part for reasons of reputation, but also the contracts are written that way: Musk’s debt commitment letters, as is standard, give his banks almost no excuses to get out of the deal.

Durzel
Nov 15, 2005


But what about the randos that committed funds to the deal, e.g. the likes of Binance, etc? Are they bound by the same terms? Do they have the same spectre of reputational damage hanging over them were they to back out?

BoldFace
Feb 28, 2011
I'm willing to give Elon $5 if he lets me be part of the board.

Klyith
Aug 3, 2007

GBS Pledge Week

Durzel posted:

But what about the randos that committed funds to the deal, e.g. the likes of Binance, etc? Are they bound by the same terms? Do they have the same spectre of reputational damage hanging over them were they to back out?

No and no. But those guys aren't the financing in the deal between Twitter & Musk. They're buying into the portion of money that Elon is responsible for by himself.

At the time that they agreed on the acquisition deal, it was $25 billion debt financing and $21 billion from Musk himself. Musk already had the debt commitment letters from the big banks when they signed. Even at Musk's level of wealth, twitter needed to see hard money from someone who wasn't just stock-rich.

The main reason for the financing get-out-of-jail clause is like, what if 2008 happens again and Morgan Stanley goes bust? They have zero money to loan. Not really Musk's fault if that happens, right? Thus the relatively low penalty to walk away. Nobody was thinking Morgan Stanley would go bust, and nobody at Twitter imagined that Musk was so crazy.


As for his own personal money commitment, he can bring other people in on that however he likes. Those are side deals between Musk and whoever. Nice for Musk if he does, but not Twitter's problem if he gets no bites.

Durzel
Nov 15, 2005


Gotcha, that makes sense. Sucks to be Elon then I guess.

therobit
Aug 19, 2008

I've been tryin' to speak with you for a long time
I dunno, I could see Morgan Stanley deciding that Musk has done so much to devalue Twitter in the interim that they are no longer confident about the deal and are going to back out.

Main Paineframe
Oct 27, 2010

therobit posted:

I dunno, I could see Morgan Stanley deciding that Musk has done so much to devalue Twitter in the interim that they are no longer confident about the deal and are going to back out.

They can't really back out, for much the same reason that Musk can't back out: they signed an contract committing them to provide a given amount of financing, and it didn't have an "I don't feel like it anymore" clause. They're stuck in this whether they like it or not (and make no mistake, they don't like it anymore).

External Organs
Mar 3, 2006

One time i prank called a bear buildin workshop and said I wanted my mamaws ashes put in a teddy from where she loved them things so well... The woman on the phone did not skip a beat. She just said, "Brang her on down here. We've did it before."
Its weird to imagine what kind of jackbrained idiocy we'd have records of on Steve Jobs if Twitter existed in the 80s and 90s.

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PITY BONER
Oct 18, 2021

https://www.vice.com/en/article/ake44z/elon-musk-vladimir-putin-ukraine

quote:

Elon Musk spoke directly with Russian President Vladimir Putin before tweeting a proposal to end the war in Ukraine that would have seen territory permanently ceded to Russia, it has been claimed.

In a mailout sent to Eurasia Group subscribers, Ian Bremmer wrote that Tesla CEO Musk told him that Putin was “prepared to negotiate,” but only if Crimea remained Russian, if Ukraine accepted a form of permanent neutrality, and Ukraine recognised Russia’s annexation of Luhansk, Donetsk, Kherson and Zaporizhzhia.
LOL. I'm so glad Elon is on the side of world peace by going wherever the money takes him. So weird that he sides with Russia while also needs Russia for minerals and metals to make Teslas.

I wonder what Putin's kompromat is on him. Please be a piss tape.

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