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Elon Musk bought Twitter for 44 billion
Elon Musk bought Twitter for 44 billion
Well, that's terrible news. One of the richest people on the planet gaining exclusive control of a popular communications channel is of no benefit to anyone except to himself. We've seen with the recent war that twitter has been vital with amateur journalism and uhh, whatever that term was with crowd-sourced intelligence and satellites.
I'm sure the chanditjunk kids are celebrating, though.
>>1554
i dunno what the heck is in that word salad you just wrote, but twitter is about following people's diary and that's only interesting if there's someone who writes an interesting diary.
>>1556
it's not really a big deal that he's rich... it's not like the other people weren't rich... he's just kind of out of touch with reality.
I could see Musk being contracted by the government to make changes to the platform to benefit the US. This deal might be more of a cover for a figure with a lot of government connections to gain access to one of the more foreign infiltrated international social media
>>1551
My theory is that he's doing what he believes is right and is crazy and rich enough to do what he wants. Much like how Bezos bought the washington post.
>>1556
Despite this being another billionaire consolidating power around him, their is inherent value in the fact that he seems to be ideologically apposed to the oligarchic faction that controls the other main web communication sites; there will be an increase in the overall diversity of ideas simply due to this fact.
>>1557
>Musk being contracted by the government to make changes to the platform to benefit the US
I hope you don't think that wasn't already happening with every "large" social media site. While this is a every present concern with pretty much every "large" corporate entity I don't think it's really worth bringing up as both the buyer and company were most certainly already incorporated in the US government apparatus. The only change here will probably be some departmental reorganizations within the alphabet agencies over who is in charge of who.
>>1563
I really don't see why people seem to dread this change and act like twitter's going corporate when for all intents and purposes it already was. Also I don't get why people suddenly care about twitter as it's a complete shithole that deserves to die anyways.
Besides that though, before musk bought it, it was already a slave to the interests of shareholders, so it really makes no difference except now it probably won't be a slave to shareholders.
>>1565
like it or not, twitter continues to gain active users:
https://www.statista.c
however, it struggles to make a profit after trump was banned:
https://www.macrotrends
i doubt musk would leave this unsustainable business model alone
I want Elon musk to enforce conservative values on posts, introduce paid subscriptions to access basic features, and crack down hard on non-english speech so that the Japanese are forced off of it into their own Japanese sites that are now hostile towards westerners due to backlash from the twitter fiasco.
Literally nothing will happen like always. As long as the board of directors doesn't change the same policies will go through.
The most radical thing he's said is he wants to remove botting from the platform which is a nobble goal that might end up having a lot of false positives. Everything else is your typical US drama
Huh?? Where did he even get the funding for that? I had thought he already was using much of his share in Tesla as collateral for loans. I'll have to look into it, maybe, I don't really care about twitter.
>>1586
I used to think that too so I tested it and provided both images are JPGs it does not, however, if an artist uploads an image only on twitter and not on Pixiv he will never upload the PNG so in that way it does lessen quality.
>>1581
It has a very poor reputation. Bots would be a start but I think removing grotesque content like necro, self-harm and beast that can be found on twitter through the search easily would help immensely with the sites image as a lot of people from my country view it as unsafe
>>1608
>He made PayPal
He didn't make anything and doesn't make anything. He's a money guy, or providing it or persuading other people (like the US taxpayer) to provide it.
The cult of personality around this guy where they regard him as some inventor savant is so bizarre.
>>1614
probably, the only way to fully remove botting is to remove every aspect of anonymity remaining on platforms. That means government registries associated with user accounts. Just a possible ugly route one could take on the monumental issue of botnets(doesn't even really solve it but sounds like it does)
>>1619
An article I just read about it said that he had mentioned human authentication. Youtube looks like it does that too as well, a few time I have gone to watch a video and it has said that I need to prove I am an adult by showing them ID(which I have not and will not do).
>>1623
>Youtube looks like it does that too as well
I have like 7 gmail accounts and have never been prompted for this ever. Must be some Euro or otherwise regulation requiring that. That's pretty much the thing, companies basically don't do anything until the fines start coming in, and if the fines don't matter they won't do anything. For instance, those cookie selection things are a byproduct of EU regulations, meanwhile countries that go further don't get those same regulations applied. Countries like Germany get specific website versions because their regulations are more stringent than EU ones for some things. That's another thing: scope. If the regulation is just one country, it might make sense to have a specific version for that country only, but when it's an entire bloc like the EU, then it basically trickles down to everyone because that's way more countries involved. On that topic, I don't think there's really been many cases of internet regulations from various countries contradicting each other yet. Maybe aside from stuff like Section 230 in the US (websites are not personally liable for the content posted on them so long as there is an attempt at moderation), versus other countries which may be more stringent, but in that case it comes down to where the servers are located.
>>1626
Maybe, I'm in Australia. It's only happened to me twice and over the most bizarre things. Here is one of them so you can test yourself, it was some video about Bigfoot, I don't actually like this channel though, it just came up.
https://www.youtube.co
>>1632
Its kind of funny, they get annoyed with gaijins on pixiv because they have to see their art (although admittedly on Pixiv western art isnt uniquely poor, but for a while last year there were westerners misusing it) whereas on twitter even if directly harassed their english illiteracy shields them from a lot of bullshit
Another thing is how twitter will be monetized. With all that money borrowed from banks it needs to be repaid and twitter has traditionally been really bad at making money.
From what I've read it already has some paid stuff, so it'll probably expand into offering more (or restricting currently free usability) with subscriptions or something.
>>1563
https://blog.twitter.c
Twitter actually was working on a subscription service before Elon came in
>>1639
Would it really be possible to pull that off successfully though? People are far too used to social media being free these days, that I can't see more than a tiny fraction of the masses being willing to pay for Twitter (celebrities and businesses and the like would probably be different, but that by itself isn't going to turn them a profit), unless it somehow offered serious advantages over its competitors.
>>1639
>>1642
I'm pretty sure their idea is to have curated content and guaranteed responses, somewhat like OnlyFans + Patreon/Fanbox/Fantia. It could work, but it depends who gets in on the program, and what sort of content people start making paywalled. I think most people wouldn't mind additional stuff in addition to someone's usual posts, but that never ends up being the case.
That said... people have a pretty low threshold for paying for too many services, and Twitter being a latecomer means unless it pushes something revolutionary, it's going to fall into the "I'm not paying for X, because I'm already a patron to too many people on Patreon/Fanbox already" camp.
Regardless, it's not really like Twitter needs to make money. So long as it just doesn't go bankrupt is really all that matters. Elon, at least as stated, doesn't care about profit and Twitter has historically been unprofitable anyways.
>>1643
He may claim not to care about profit but that's a lie, nobody takes out such huge loans and spends that kind of money expecting nothing in return.
>>1644
Not really, people were unsure that he could even afford to pay for this deal and assumed it was a bluff. Sure, on paper he is obscenely rich. But that wealth is simply the valuation of the shares he has in the companies he owns. To actually use that wealth he would have to sell the shares which would dilute his ownership of the companies and could cause the value to crash. The other way he uses this wealth is by taking out loans that are backed by the value of his shares. Financial analysts were unsure how much more he could access from to this though(hence why they thought this was a bluff) seeing as he had already used so much of his wealth to back loans. A bank would have to be pretty brave to accept it now because the more of his shares he is using to back loans the bigger the damage could be if the share price drops.
>>1652
If they were to go public then all of their financial information would be required to be made available to the public by law. Right now, their operating costs, the profits they make, etc are a mystery. However, it does seem that they still are essentially in the startup phase and are yet to create a fully profitable business model. They probably will go public one day, but it will be if/when they manage to get Starship and Starlink fully operational and working as intended with the overheads they claim it will have. There are big questions over all of these aspects however.
>>1653
He did not sell that many considering what he actually has, he still holds a big enough majority that by company policy he can veto any decision Tesla makes that he does not like, he will not sell below that threshold(if indeed he even can considering how much is tied with loans).
That was not the reason he sold those shares either.