Was wondering when the Succession refs were gonna start
― When the Pain That You Feel is the Bite of an Eel, That's a Moray (Old Lunch), Tuesday, 26 April 2022 17:53 (two years ago) link
Wait until X Æ A-Xii grows up
― Chappies banging dustbin lids together (President Keyes), Tuesday, 26 April 2022 18:05 (two years ago) link
"I think people are recognizing that Elon Musk has created a lot of value for his companies by being unhinged on Twitter." @matt_levine got Chotiner'd but not in a bad way!!!! https://t.co/lZv0mzISj0— Silvia Killingsworth (@silviakillings) April 26, 2022
― lag∞n, Tuesday, 26 April 2022 18:06 (two years ago) link
max's take seems about right to me
https://maxread.substack.com/p/elon-musk-wont-fix-twitter-but-he
― 𝔠𝔞𝔢𝔨 (caek), Tuesday, 26 April 2022 18:58 (two years ago) link
Agree. Max's key point:
"Elon Musk's experience with Twitter is that he tweets, and then, whatever he said, whatever the context, he becomes richer. Why would he do anything to change that?"
― more difficult than I look (Aimless), Tuesday, 26 April 2022 19:10 (two years ago) link
idk i dont think elon is buying twitter to keep it the same is a real strong theory
― lag∞n, Tuesday, 26 April 2022 19:27 (two years ago) link
like he might not be buying it to change it but hes buying it for some reason
― lag∞n, Tuesday, 26 April 2022 19:28 (two years ago) link
is max gonna come back too
― imago, Tuesday, 26 April 2022 19:33 (two years ago) link
he def thinks he can optimize it at the very least, which is change anyway even if its motivated admiration rather than distaste
― lag∞n, Tuesday, 26 April 2022 19:35 (two years ago) link
i heard elon musk just bought gawker
― imago, Tuesday, 26 April 2022 19:37 (two years ago) link
"Granted, one reason that many commentators believe Musk is buying Twitter to "fix" its commitment to "free speech" is that he has said more or less that. What I am proposing here is that he is full of shit."
this is sound. the idea that he's buying it not to change it is a shakier leap but seems entirely plausible.
― 𝔠𝔞𝔢𝔨 (caek), Tuesday, 26 April 2022 19:40 (two years ago) link
as in he's deliberately lying about making any "free speech" related changes or more that he'll merely announce some essentially meaningless tweaks to moderation policies and call it a day once he realizes what he's stepped in?
― rob, Tuesday, 26 April 2022 19:42 (two years ago) link
well, i think more that he is known to lie all the time about his plans and there's no reason to pay any attention to what he claims his plans are.
― 𝔠𝔞𝔢𝔨 (caek), Tuesday, 26 April 2022 19:45 (two years ago) link
lol fair
― rob, Tuesday, 26 April 2022 19:46 (two years ago) link
why would he buy it to keep it the same does he think its gonna change so much that he wont be able to post, credit to max where its due twitter works good for musk and hes not going to do things to threaten that, but still his motivation for the buying it remains mysterious, maybe he just likes twitter so much he wants to have it hold it in his hands idk, i do suspect hes got some more businessy plan too tho
― lag∞n, Tuesday, 26 April 2022 19:46 (two years ago) link
the free speech thing is transparently at least mostly bs tho i bet he does change the rules some maybe back to where they were a while ago when you were allowed to make death threats
― lag∞n, Tuesday, 26 April 2022 19:48 (two years ago) link
but hes buying it for some reason
― OG Bob Sacamano (will), Tuesday, 26 April 2022 19:50 (two years ago) link
idk if you were actually formally allowed to make death threats but you at least could do it without censure
― lag∞n, Tuesday, 26 April 2022 19:50 (two years ago) link
if i had to guess at his business ambitions for twitter id guess they lay at the nexus of thinking he can make it better and thinking he can pump and dump it
― lag∞n, Tuesday, 26 April 2022 19:53 (two years ago) link
he’s doing it so he can slide into the dms of women not following him
― mh, Tuesday, 26 April 2022 19:55 (two years ago) link
xp problem is there's only one rich idiot willing to buy Twitter
― frogbs, Tuesday, 26 April 2022 19:55 (two years ago) link
xp self tho matt levine suggested a third use in that nyer interview i posted upthread which is using it to pump and dump other things, which of course is something elon has already done extensively but could do even more if he controlled the platform and had access to all its data
He might say, “Look, I get so much value out of this direct access to the public.” Owning that direct access to the public—owning that thing that creates so much value for Elon Musk and Tesla—it has to be valuable somehow, whether it’s by increasing the value that it creates for Tesla, or whether it’s by finding a way to monetize the value that it creates for sports stars and celebrities and Donald Trump and lots of other people. You know, Donald Trump’s tweets back when he was on Twitter could create billions or trillions of dollars’ worth of market moves, right? And Twitter never made a lot of money off of that. It’s not obvious how the company would, but if you’re sitting on top of a thing that can create that much value, surely, if you’re really smart then you can extract some value out of it.
― lag∞n, Tuesday, 26 April 2022 19:59 (two years ago) link
problem is there's only one rich idiot willing to buy Twitter
― frogbs, Tuesday, April 26, 2022 3:55 PM (three minutes ago) bookmarkflaglink
he could take it public again and rely on his arm of fans to buy it
he is actually on the record now about what he means by "free speech", and his definition is not maximally bad fwiw.
By “free speech”, I simply mean that which matches the law. I am against censorship that goes far beyond the law. If people want less free speech, they will ask government to pass laws to that effect.Therefore, going beyond the law is contrary to the will of the people.— Elon Musk (@elonmusk) April 26, 2022
― 𝔠𝔞𝔢𝔨 (caek), Tuesday, 26 April 2022 20:01 (two years ago) link
he definition seems idiotic, but it's not "twitter is now international waters"
twitter is maritime law
― lag∞n, Tuesday, 26 April 2022 20:02 (two years ago) link
flying under the "I LOVE CRICKET: THE CHINATOWN OF ILX" flag of convenience
― 𝔠𝔞𝔢𝔨 (caek), Tuesday, 26 April 2022 20:03 (two years ago) link
of course
― lag∞n, Tuesday, 26 April 2022 20:04 (two years ago) link
reasonable point
"Far" is the (welcome! and valuable!) giveaway that this is essentially bullshit https://t.co/OBvRQsW1as— Tom Scocca (@tomscocca) April 26, 2022
― lag∞n, Tuesday, 26 April 2022 20:14 (two years ago) link
eh, if musk were a careful writer i would agree, but i don't think a precise, word-level reading of musk tweets is a good use of scocca's time.
― 𝔠𝔞𝔢𝔨 (caek), Tuesday, 26 April 2022 20:27 (two years ago) link
but yeah, that tweet seems ... not inconsistent with max's thesis
It's utter gobbledygook.
― immodesty blaise (jimbeaux), Tuesday, 26 April 2022 20:28 (two years ago) link
i don't know about you all, but i'm still on @jack's enlightened path. i am following the thin clear light, not the thick smoky red and yellow lights
― Karl Malone, Tuesday, 26 April 2022 20:34 (two years ago) link
So $1bn/year in debt service on Twitter itself and almost that on his personal loans?
Twitter getting Toys R Us-ed would be pretty cool.
― papal hotwife (milo z), Tuesday, 26 April 2022 20:39 (two years ago) link
Levine mentioned bringing in equity for his personal stake - Musktokens sold to his most rabid fanboys to help him live the dream?
― papal hotwife (milo z), Tuesday, 26 April 2022 20:42 (two years ago) link
nice circular reasoning there you dumb idiot
― towards fungal computer (harbl), Tuesday, 26 April 2022 21:12 (two years ago) link
I wonder how he will react to endless bot creation of accounts that constantly put him down
attack of the Anti_muskbots
― | (Latham Green), Tuesday, 26 April 2022 22:59 (two years ago) link
does his purchase include the title of 'twitter founder'
― mookieproof, Tuesday, 26 April 2022 23:07 (two years ago) link
lol
― lag∞n, Tuesday, 26 April 2022 23:07 (two years ago) link
when will the $54.20 tweet be sold as a NFT?
― papal hotwife (milo z), Wednesday, 27 April 2022 01:07 (two years ago) link
The stock market does not really make all that much sense to me. I just don't see why businesses like Tesla and Twitter are hyped as being worth THAT much f'n money based on their actual sales. I get that they have unique technology and could grow into their big boy pants, but I can't get why they are worth like 8 times more than a company that sells 6-7 times more dollars worth of the same stuff. It just just doesn't seem to me that Microsoft or Oracle or any of the tech now true "bluebloods" were that out of whack in the days of 90s stock market hard on yore.
I got to go back to reading comics or listening to rock or playing guitar as if I start focusing on this stuff I wish the sun would go nova and wipe this planet out of the heavens.
― earlnash, Wednesday, 27 April 2022 01:22 (two years ago) link
It is pretty fucked up that for 99.9% of the planet money is a tangible thing that you only earn so much of each month but for certain ultra rich people it’s more of an idea which has nothing to do with your actual value or work ethic and is based on all sorts of imaginary concepts like speculation and leverage, plus can be manipulated in all sorts of (illegal) ways to ensure that the only people who will be affected by your shitty decisions are those who can afford it least
― frogbs, Wednesday, 27 April 2022 01:32 (two years ago) link
lol did not see the first part of that tweet
https://pbs.twimg.com/media/FRUGxSMWYAAigeA?format=jpg&name=medium
― lag∞n, Wednesday, 27 April 2022 01:38 (two years ago) link
If I got from one of the tweets I read, basically Twitters total sales is like Olive Garden...which would not have sold for 43Billion dollars. Is this correct or am I misunderstanding the situation?
― earlnash, Wednesday, 27 April 2022 01:53 (two years ago) link
"Free speech is the law, man"
https://thegatewayonline.ca/wp-content/uploads/2019/01/Elon-musk-blunt.jpg
― immodesty blaise (jimbeaux), Wednesday, 27 April 2022 01:58 (two years ago) link
to be fair the electric car market is due to undergo significantly more expansion than the family friendly italian chain restaurant market.
― ledge, Wednesday, 27 April 2022 12:03 (two years ago) link
hospitaliano has always been undervalued by wall street
― lag∞n, Wednesday, 27 April 2022 12:06 (two years ago) link
eyyy I make-a the sauce
― mh, Wednesday, 27 April 2022 13:23 (two years ago) link
I wish Italian Elon Musk bought Twitter instead.
― DAMAGED by Black Flat (Boring, Maryland), Wednesday, 27 April 2022 13:34 (two years ago) link
Oh wait you said twitter not tesla... nah i got nothing.
― ledge, Wednesday, 27 April 2022 13:37 (two years ago) link