Elon Cleaning House

DT will do anything to try and remain relevant, even if it means abandoning truth social.

DT back on twitter just adds to the swirl as it flushes itself under this unmitigated disaster of leadership.

Too bad for Musk that the taxpayer won't bail out twitter with massive gubmnt subsidies and contracts like they did Tesla and SpaceX

 

Those DWAC investors are going to melt down if DT starts tweeting again. They still haven't completed the merger and the CEO can't the votes he needs for more extensions, which I think will runs out in a month or two.

Funny thing is though, if the merger doesn't happen then not only does DT not get his big payday and but he's on the hook for all of Truth Social's losses, which are yuuuuge.

 

Is he just shooting for a chapter 11?

 

Trump said again he won't go back to Twitter. I'm sure there will be dozens of bot accounts that retweet everything he says on Truth Social so he doesn't really have to come back...

 

The fallout from SPACs is that most of them have been SCAMs.

 

Weird thing I learned about SPACs is that if the companies fail to merge the SPAC has to cancel the stock and pay out every share held at the IPO price, which was $10 in this case. The original investors are made whole if they've held, but anyone who's bought and held since the merger was announced --and shares spiked to as high as $175 -- will lose. Some will lose as much as 95%...

 

Without looking, I’m assuming this has been an issue on both sides. I’m not really sure why these sorts of scams are allowed.

 

Kanye is back being proudly anti-Semitic. What it’s all about

 

It appears Elon is ruling out Alex Jones coming back to Twitter. Elon stated that he lost his first child and has "no mercy" for anyone using the deaths of children for gain, politics, or fame. Not saying he's wrong, but to me this is an example of how absolutist free speech rhetoric will be in tension with how Twitter decides to evaluate whom to ban/un-ban and for which sorts of reasons.

 

When has Musk ever been "absolutist" about free speech? From everything I've read, he's still going to block overt violent, racist, hate-mongering content. He has never said it's going to be a 'free for all.' It's just no longer going to have progressive gatekeepers who are 'moderating' content with a bias.

 

Agree. Twitter moved from monitoring dangerous rhetoric prior to Elon to simply rhetoric the CEO doesn’t like under Elon.

 

how?

 

Tesla shed another $40B in market cap today (down 7%). Musk controls ~ 25% (I think) much being used to collateralize his Tewitter debt. I’m pretty sure Elon has stacked the board but in most companies he’d be in jeopardy of losing his job.

 

Interesting, I wonder if he’d be required to put up more collateral if it continues to fall.

 

Excellent question . I thought todays drop was just general malaise with investor confidence but it turns out he had to recall 320k cars. It’s the 19th this year affecting a total of 3.8M cars which serves as your daily reminder that Tesla quality is for shit.

 

Yeah, Tesla is the only automaker with recalls this year.

 

I believe he described himself as a free speech absolutist at least once. I don’t know if he has defined that but he seems to view Twitter as part of the public square and many would take that as allowing all speech that’s not criminal. Racist speech, for example, is not inherently illegal. Neither is sexism. So if he wants to ban that stuff, it’s moderating beyond first amendment principles. Again, I’m not bashing him for it, but there are certainly people who think Alex Jones should be let back on.

 

He had literally said he’s a free speech absolutist and cited that as part of his agenda in acquiring Twitter. The far right nutjobs/trolls don’t seem to be taking this “exception” well.

I think it’s a good thing that Jones remains “deplatformed” as his bs does real world harm, but it is a strange line to draw for a guy that has literally reposted LibsOfTikTok and some other deranged content that similarly causes real world harassment and thus should not be given a platform. It’s hard to imagine a scummier deplorable than Jones, but to block him is still an arbitrary “non-absolute” line.