Elon Musk Becomes Twitter’s Largest Shareholder…

[Alamo]

So I’ve been following this gal Eliza, who wants to root out pedophiles on Twitter (and elsewhere). Elon has tweeted that this is a priority for him. According to Eliza, Twitter has known about this for at least 10 years and had the tools to deal with it, but chose not to in the era BE (Before Elon). But now Elon is taking it seriously.

Another one of the ways that Elon is destroying Twitter.

 

[Alamo]

Tim Pool reported some funny stories about lefties abandoning twitter and moving to Mastodon. They go there thinking it's a safe space, and then find out there is almost no moderation. So then they complain at Mastodon because people offended them and Mastodon didn't ban them like Twitter used to. And then Mastodon leadership told them to use the mute feature and that they'd be banned if they continued wasting his time.

But they are somewhat moderated. They don't tolerate racist slurs, so some lady got banned for racial slurs when she said all white people are racists!

Yes, there’s a pretty funny tweet Which unfortunately I don’t have right in front of me to put in this post, where one of the exasperated moderators is publicly complaining telling everyone to quit reporting people just because they didn’t like what someone else said.

 

[Alamo]

More destruction!

 

[Alamo]

Aaannd

 

[MCgrease08]

I've seen it reported that Twitter was losing $4 million per day beforr Elon. I have no idea if that's true or not, but even if it is half that amount, how could he possibly make the financials worse?

I used to be very active on Twitter a few years ago, but it started impacted my time and sanity to some degree. I nuked my account and took about 18 months off. I made a new account about 6 months ago as this Elon thing started to form just to keep an eye on it. I have been back to somewhat active over the past month or so. It's most definitely a breath of fresh air to see open pushback on the left wing and media Narrative. In my opinion Twitter is more fun now than it's ever been.

 

[Ingomike]

Over the holiday, I have encountered people that consume the MSM and repeat it. It has left me curious about Twitter simply because they all insisted that Elon Musk has destroyed Twitter with his paid blue check thing, firing all of the employees, and all of the advertisers leaving. They portrayed it all as Twitter is on its death-bed and Musk is about to lose all of the millions that he paid for it.

I pay no attention to the media, but enjoy reading the threads on INGO. I have read through this thread from the beginning and this is the first I have heard about Twitter being about ready to go under. What's the story on this?

This reminds me of something that does not seem right. We all were taught to build a better mousetrap to beat your competitors to succeed. Wall Street invested in those with potential and good books. Today there are a lot of companies that are selling smoke and mirrors technology to investors, who keep on supplying money, even though there is no profit, this often seems to go on for years. It seems illogical To keep pumping money into these unless there are other motives that large institutional investors are pursuing…

 

[bobzilla]

I've seen it reported that Twitter was losing $4 million per day beforr Elon. I have no idea if that's true or not, but even if it is half that amount, how could he possibly make the financials worse?

I used to be very active on Twitter a few years ago, but it started impacted my time and sanity to some degree. I nuked my account and took about 18 months off. I made a new account about 6 months ago as this Elon thing started to form just to keep an eye on it. I have been back to somewhat active over the past month or so. It's most definitely a breath of fresh air to see open pushback on the left wing and media Narrative. In my opinion Twitter is more fun now than it's ever been.

lose $5million per day. Duh.

 

[Ingomike]

People are squishy because rather than enthusiastically vote for the porn star ****er, they hold their nose and reluctantly choose the least evil over the senile, corrupt, socialist pedo?

Again, let me know when you find the perfect candidate.

Over the years I heard so many asking for an outsider, someone that said what they thought, were not scripted, had business experience, did not care about being politically correct, and would challenge the party status quo.

I never once heard that a requirement was he be a saint also…

 

[Ingomike]

Musk pretty much announced amnesty for users who were previously banned for reasons not related to breaking the law.

Many controversial conservatives were recently unbanned, so it’s looking like free speech is back on Twitter. As far as paid blue check, originally the blue check only signified that you are verified. So you had to use your real name and prove you are the person with that name. Then you got the blue check. But then twitter turned it into just a status symbol. Only people with some notoriety, journalists, people with a lot of followers, could get blue checks.

Musk should at least have restored it to the way it was. Verified users. And then if he want’s to charge $8 per month for that, whatever.

He said it will be coming back when it is fixed and possibly even different color checks for different significance.

Seems to me that companies like Lilly should have a verified high security account (and pay for it) to secure their corporate communications. Folks with millions of followers be required to have a high security account also. Any account that is a major hack threat should be more secure than an INGO account.

I presume you all heard about the Lilly situation? It cost them millions in just hours. They should pay twitter for a super secure account.

I know several of you are net security experts, is this feasible?

 

[Route 45]

I presume you all heard about the Lilly situation? It cost them millions in just hours.

Cost who millions?

 

[Ingomike]

Cost who millions?

Lilly. Their stock took a beating as I read…

“the day after the fake Eli Lilly accounts had issued their fake insulin tweets, Eli Lilly’s stock share price tumbled by 4.37% or $16.08 down to $352.30”

 

[Route 45]

Lilly. Their stock took a beating as I read…

That doesn't cost the company anything.

 

[Ingomike]

That doesn't cost the company anything.

Your understanding of markets must be different than what I was taught. Just why do companies work so hard to keep their stock up and do crazy things like pay dividends if they sold it and it has no bearing in them any longer?

 

[GodFearinGunTotin]

Tim Pool reported some funny stories about lefties abandoning twitter and moving to Mastodon. They go there thinking it's a safe space, and then find out there is almost no moderation. So then they complain at Mastodon because people offended them and Mastodon didn't ban them like Twitter used to. And then Mastodon leadership told them to use the mute feature and that they'd be banned if they continued wasting his time.

But they are somewhat moderated. They don't tolerate racist slurs, so some lady got banned for racial slurs when she said all white people are racists!

Never heard of Mastodon before a day or two ago.

 

[Route 45]

Your understanding of markets must be different than what I was taught. Just why do companies work so hard to keep their stock up and do crazy things like pay dividends if they sold it and it has no bearing in them any longer?

Irrelevant. We are talking about how a tweet "lost the company millions."

How? Did the company actually physically lose millions of dollars because the gambling addicts on Wall Street (and Main Street) panic sold some stock based on a fake tweet?

 

[Ingomike]

Irrelevant. We are talking about how a tweet "lost the company millions."

How? Did the company actually physically lose millions of dollars because the gambling addicts on Wall Street (and Main Street) panic sold some stock based on a fake tweet?

Yep, sure did. That stock value is the foundation of the entire company. It affects everything from the money they borrow to the talent they attract...


Was that tweet not the equivalent of yelling fire in a theater? One causes a physical stampede the other a financial stampede…

 

[Route 45]

Yep, sure did. That stock value is the foundation of the entire company. It affects everything from the money they borrow to the talent they attract...

No, they did not physically lose any money. The stock market, with it's laughably out-of-whack valuations, is increasingly disconnected from actual company performance. The idea that the foundation of a company is its stock price is absurd.

 

[KLB]

Yep, sure did. That stock value is the foundation of the entire company. It affects everything from the money they borrow to the talent they attract...


Was that tweet not the equivalent of yelling fire in a theater? One causes a physical stampede the other a financial stampede…

That change in stock price was insignificant. Bumps like that happen all the time, up and down.

Your understanding of markets must be different than what I was taught. Just why do companies work so hard to keep their stock up and do crazy things like pay dividends if they sold it and it has no bearing in them any longer?

They work so hard to keep the stock price as high as possible, because that is what the stock holders want them to do. It has nothing to do with the company making money or managing a company well. In fact, it often means the exact opposite.

Pretty basic.

 

[Ingomike]

No, they did not physically lose any money. The stock market, with it's laughably out-of-whack valuations, is increasingly disconnected from actual company performance. The idea that the foundation of a company is its stock price is absurd.

My head is spinning now. So Lilly lost no money from the situation?

“For Eli Lilly, someone’s $8 caused enormous damage – stock dropped 5 percent and billions were wiped off of the company’s value.”

So reducing the company value billions of dollars cost nothing?

 

[wtburnette]

My head is spinning now. So Lilly lost no money from the situation?

“For Eli Lilly, someone’s $8 caused enormous damage – stock dropped 5 percent and billions were wiped off of the company’s value.”

So reducing the company value billions of dollars cost nothing?

For a certain time period. When the stock corrected itself and went back up, that money was "regained". It's all numbers. Unless someone was cashing in that day it didn't effect them. That's my understanding anyway.