Elon Musk buys $2.9bn stake in Twitter to become biggest shareholder

[BoogyMan]

I figured he was up to something and this might be a step in the right direction for a platform that has gone WAY off the rails with left-wing nuts acting like Nazis out to run their own kind of Twitzlelnacht against conservatives on the platform. It has been glorious watching the lefties losing their minds over the possibility that they might not be able to get people tossed off the platform as easily as before and that they might actually be in an environment that allows, GASP…..free speech. The chief software engineer of Twitter has gone absolutely nuts claiming that Musk’s buy-in has “radicalized” him. Going to be a very interesting thing to watch.

https://www.theguardian.com/technology/2022/apr/04/elon-musk-buys-stake-twitter-share-tesla-spacex


The billionaire Elon Musk (https://www.theguardian.com/technology/elon-musk) has taken an almost $3bn (£2.3bn) stake in Twitter to become the social media platform’s largest shareholder.The world’s richest man, who has a penchant for eccentric behaviour frequently involving tweets, has built a 9.2% stake in Twitter, according to filings made to the US Securities and Exchange Commission (https://d18rn0p25nwr6d.cloudfront.net/CIK-0001418091/f66f56c1-eb52-43f8-a7ff-992dc80a7396.pdf) (SEC) on Monday.

The boss of Tesla and SpaceX, who with more than 80 million followers ranks in the global top 10 of the most popular users on the microblogging site, paid $2.89bn for the stake at Twitter’s closing share price on Friday.
The company’s shares soared by more than a quarter in pre-market trading on the back of the news, adding about $8bn to its $31.5bn value, before easing back to 21% up in early trading. After the stock price jump Musk’s shares are now worth more than $3.5bn.…

[SassyLady]

I figured he was up to something and this might be a step in the right direction for a platform that has gone WAY off the rails with left-wing nuts acting like Nazis out to run their own kind of Twitzlelnacht against conservatives on the platform. It has been glorious watching the lefties losing their minds over the possibility that they might not be able to get people tossed off the platform as easily as before and that they might actually be in an environment that allows, GASP…..free speech. The chief software engineer of Twitter has gone absolutely nuts claiming that Musk’s buy-in has “radicalized” him. Going to be a very interesting thing to watch.

https://www.theguardian.com/technology/2022/apr/04/elon-musk-buys-stake-twitter-share-tesla-spacex

It is indeed glorious to see the meltdown. Substack told Twitter employees that quit because of Musk to not bother applying there.

Wonder what employees think of the head of Twitter inviting Musk to be on the board.

I'm more interested in the dispute with the SEC. Musk didn't mention wanting to be on the board in his filing that had to be made once he gained more than 5% ownership. And he filed after deadline. I don't think he worries to much about SEC.

https://www.cnbc.com/2022/04/04/elon-musk-thumbs-his-nose-at-the-sec-again-with-twitter-stake.html

[SassyLady]

13912

[Gunny]

I figured he was up to something and this might be a step in the right direction for a platform that has gone WAY off the rails with left-wing nuts acting like Nazis out to run their own kind of Twitzlelnacht against conservatives on the platform. It has been glorious watching the lefties losing their minds over the possibility that they might not be able to get people tossed off the platform as easily as before and that they might actually be in an environment that allows, GASP…..free speech. The chief software engineer of Twitter has gone absolutely nuts claiming that Musk’s buy-in has “radicalized” him. Going to be a very interesting thing to watch.

https://www.theguardian.com/technology/2022/apr/04/elon-musk-buys-stake-twitter-share-tesla-spacex

I'm STILL waiting for the other shoe to drop regarding Musk. The steps he's taken recently have all been to do the right thing, not to support a political party/politician.

They got so pissed off on the View they attacked his car company :laugh: