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NEW Sheriff in Town !! Its Official….ELON MUSK now OWNS Twitter.


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Twitter shares soar as Elon Musk takes $2.9bn stake

Musk, although very active on Twitter, has criticised the platform in the past. In late March, the Tesla chief said he was giving "serious thought" to building a new social media platform.

He held a Twitter poll asking users if they believed Twitter adheres to the principle of free speech, to which over 70% voted “no”.

Read more: Price of first class stamps rises to 95p

Musk then suggested that Twitter was undermining democracy by failing to adhere to free speech principles, adding “Is a new platform needed?”.

The stake makes Musk the largest shareholder in Twitter. His position is also more than four times larger than that of founder Jack Dorsey’s — which sits at 2.25% shares outstanding.

Musk’s 9.2% stake puts him ahead of investment group The Vanguard Group (with 8.79%), Morgan Stanley Investment Management (8.08%) and BlackRock Institutional Trust Company (4.56%).

Musk is one of Twitter’s most popular users, with more than 80 million followers.

"We would expect this passive stake as just the start of broader conversations with the Twitter 

https://uk.news.yahoo.com/elon-musk-twitter-shares-soar-112124529.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNhLw&guce_referrer_sig=AQAAAMa8V0lK_Af5vkSf4bFOo_79oyv6dbFWAA6TmPUg6mQAzQEsYkLY0VvSZ8cc-ay8txzQQRCw_YIx3lyGRtoePjg9yrq4IXSOQwTvO9EcFPiRQrkMoRUfp07NEOocEBWPJ2zdRFmsF_gQIZjO7YcuDcjkkRORpPtbUHrgVkVHVXHV

Edited by Jaydee
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8 minutes ago, Kargokings said:

Does anyone really care? 

I care.  It drives the Liberal/Democrat/Lefties crazy so there's real value there!

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I care. If for no other reason than the advancement of free speech. Just because the TDS crowd doesn’t want to hear what he has to say, should not impede his ability to say it.

At this point in time I don't think Trump will run again but he will have a huge influence on who does. I also think it’s a slam dunk win for the Republicans this November and for the Presidency  in 2024.

Moral, social and political norms in the US eventually gravitate North. With that being said, It’s always nice to know WHY Trudeau is knifing Canadians in the back when their heads are turned. If we can see it coming maybe we can duck out of the way in time.

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Posted (edited)


:Clap-Hands:     :Dancing-Chilli:

Elon Musk offers to buy Twitter for $43 billion in cash

Elon Musk offered to buy Twitter for $54.20 a share in cash, or about $43 billion, according to documents filed with the Securities and Exchange Commission Wednesday.

Why it matters: The move, which Musk called his "best and final offer," comes after the billionaire has repeatedly criticized Twitter, disclosed a 9.2% stake in the social media company and backed out of joining its board of directors.

What they're saying: "I am not playing the back-and-forth game. I have moved straight to the end. It's a high price and your shareholders will love it," Musk told Twitter, per the filing.

  • "If the deal doesn’t work, given that I don’t have confidence in management nor do I believe I can drive the necessary change in the public market, I would need to reconsider my position as a shareholder."

Twitter confirmed receiving an "unsolicited" offer from Musk, saying in a statement that its "Board of Directors will carefully review the proposal to determine the course of action that it believes is in the best interest of the Company and all Twitter stockholders."

Pricing: Musk is offering an 18.2% premium to where Twitter shares ended trading on Wednesday, and a 38% premium to where they traded before his ownership stake was disclosed. However, Twitter shares traded above $60 as recently as last October.

  • Musk does not disclose how he plans to pay for Twitter, as the total price would be north of $43 billion.
  • One possibility is that he has investment partners, although he does not say that in his letter. Another is that he plans to leverage his stock in Tesla, whose shares are down slightly in premarket trading on the Twitter news.

 

Edited by Jaydee
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Posted (edited)

 

Twitter on Monday agreed to be acquired for around $44 billion in cash by Elon Musk, just weeks after the tech mogul launched his unsolicited, take-it-or-leave-it offer.

Why it matters: This is an earthquake in global media and politics, where Twitter hosts the discourse.

  • It's sure to be criticized by those who disagree with Musk's laissez-faire views on content moderation and cheered by those who believe Twitter has been too heavy-handed with its block button.

By the numbers: Musk is paying $54.20 per share and is personally responsible for around half of the financing. The rest comes via loans from, or arranged by, Morgan Stanley. No word yet on if he's managed to secure equity partners.

Big question: Who will run Twitter under Musk? His original offer letter included criticism of current company management, so it's unlikely that Parag Agrawal will remain CEO. At the same time, Musk is already running multiple companies, and it's almost impossible to imagine him adding another.

What they're saying: "Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated," Musk said in a press release. "I also want to make Twitter better than ever by enhancing the product with new features, making the algorithms open source to increase trust, defeating the spam bots, and authenticating all humans. Twitter has tremendous potential — I look forward to working with the company and the community of users to unlock it." 

  • Agrawal is also quoted in the release, with no mention of his future.

Calendar: Twitter is set to release earnings before the bell on Thursday, and now says there will not be a corresponding conference call. 

  • Expect that we'll soon learn more about the transaction, including termination fees were either side to walk away before it closes.
  • The company also has scheduled an all-hands employee meeting for later this afternoon.

 

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Posted (edited)

And it starts….🤣 It’s the end of the world according to the LEFT. TONS of posts on TWITTER…how ironical…They no longer can control the narrative. The times are finally changing. ! The TDS crowd is becoming the TTJ crowd ( Twitter tear Jerkers) 

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Terence Corcoran: You pick — the old CBC or Musk's new Twitter 

Elon Musk may be a must for the future of media

Among leftist hysterics over Elon Musk’s takeover of Twitter, one of the standouts has been Canada’s own national broadcaster. The Canadian Broadcasting Corporation’s flagship news show, The National, opened Monday night with a report that portrayed Musk’s move as a harbinger of ideological bias and warped perspectives. This from one of the most warped and biased media in Canada, creating the potential for a Great Canadian Media Standoff. Who will Canadians pick — the old CBC or Musk’s new Twitter?

 

Here’s the opening news announcement from Andrew Chang, The National’s anchor, on the biggest story of the day.

 

“Tonight, $44 billion for 240 characters … the world’s richest man, Elon Musk, now owns Twitter, joining a club of billionaires in charge of publishing, tech and social media. So, what’s he going to do with it?”

 

To answer that question, Chang was replaced on screen by Kate Klonick, a law professor at St. John’s University in New York and an active critic of online media owners and executives. A Musk-controlled Twitter, she said, would “remove all of the moderation, which just means a massive influx of fake accounts, spam accounts, pornography on the site, hate speech, things like that.”

 

A few minutes later, Chang picked up the theme of Musk as an all-powerful media mogul who will join the existing cabal of evil cartoonish figures who loom menacingly over our daily online interactions via the FANGs — Facebook, Amazon, Netflix, Google and now Twitter. “Whether you tweet or not,” said Chang, “you have likely been influenced by Twitter’s ability to amplify and distort information.”

When it comes to amplifying and distorting information, few media can top the CBC. Through The National, other television shows and the network’s radicalized radio operation, Canadians are constantly being bombarded by one-sided distortions on every tweak of the news flow. After Russia’s invasion of Ukraine triggered an oil price panic, CBC radio called in radical U.S. environmentalist Bill McKibben to tell listeners that “fossil fuel and despotism often go hand in hand.” In passing, McKibben took a shot at Alberta Premier Jason Kenney. “People like Jason Kenney have been keeping us hooked on fossil fuel for decades.”

 

One could, and somebody should, write a book about the CBC and its rampant promotion of leftist, interventionist and woke perspectives on Canadian and global affairs. Having biases and points of view is the right of media in a free-speech nation. But when the bias is owned, controlled and funded by the government, that’s a different story. On climate, to pick one example, the CBC has officially adopted as a motto the government’s view. In Our Changing Planet, the CBC has issued a guide to its journalists to push a climate crusade against fossil fuels and other aspects of human action that are seen as environmentally destructive.

Ironically, the changing planet push has not stopped the CBC, and especially The National, from accepting millions from makers of gas-guzzling SUVs and pickup trucks for commercials that nightly show Ford F-150s, Dodge Rams, and Jeep Cherokees rampaging over pristine landscapes. The CBC has been keen to promote fossil fuel divestment in financial markets, but so far The National has yet to raise questions about its fossil fuel commercials. How about a CBC push for de-commercialization of fossil fuel-related products as part of its changing planet messaging?

 

But back to Musk, whose plans for Twitter seem to come with all the right messaging about free speech and the need for operating principles that could change some current practices in social media. His tweeted statement on the takeover was dramatic. “Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated.” But in his now famous and fascinating TED talk, Musk the self-described “free speech absolutist” emerges as a serious and cautious reformer rather than an anything-goes online radical.

 

Musk clearly sees a need for online media reform. In the TED talk, he was asked what his Twitter would do about a tweet that advocates killing politicians, including one that advocated shooting Vladimir Putin. Speaking hesitantly and carefully, Musk said, “I think Twitter should match the laws of the country and there’s an obligation to do that.” What Musk said he really wants to clean up is the “quite dangerous” use of anonymous and “black-box algorithms” being used to decide “what is being promoted or demoted.” He envisioned a system in which open criticisms and comments were part the operation. Musk is clearly not someone who is going to open the gates of Twitter to hate, pornography and rampant right-wing or left-wing craziness.

https://financialpost.com/opinion/terence-corcoran-you-pick-the-old-cbc-or-musks-new-twitter?utm_medium=Social&utm_source=Facebook&fbclid=IwAR2nhRVefYLfs4gN39NbJD8EPjwdD3-y01NzR3gOtz_rA6-UnBzcSywJVwM#Echobox=1651064004

 

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If this goes ahead, there will surely come a time when Republicans have control of the ministry and provide Demonrats with a painful lesson in Newtons third.

Isn't that the very first question a sensible person would think of, and wouldn't that question immediately follow the statement "i know what let's do?" 

It is such a manifestly bad idea that I think they should do it without delay....

Free speech concerns mount over DHS 'disinformation' board as lawmakers, critics weigh in

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Posted (edited)
22 hours ago, Wolfhunter said:

sn't that the very first question a sensible person would think of, and wouldn't that question immediately follow the statement "i know what let's do?" 

So, what could possibly go wrong with this inquisition in a public and highly anticipated arena?

My goodness, I simply can't fathom how Demonrats can bring themselves to treat the Goddess of Unintended Consequences in such a disrespectful and dismissive manner. Diss her, and the Lady in Black will eat your lunch and leave you crying.The only thing you should want from her is nothing. It's really not that hard, achieving nothing should be easy for a demonrat. 

Democrats consider dragging Elon Musk to Congress over Twitter buyout

Demonrats should consider this guy one of her pets:

 

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Elon Musk puts $44bn Twitter deal ‘on hold’

Shares drop almost 20% after entrepreneur questions fake accounts on social media site

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Fri May 13, 2020 - Financial Times
by Arash Massoudi, Cristina Criddle and Robert Wright 

Elon Musk has put his takeover of Twitter “temporarily on hold” over concerns about the number of spam and fake accounts on the social media platform, raising fresh doubt over whether the Tesla chief executive will complete the $44bn deal.

The entrepreneur announced the move in a Twitter message on Friday, sharing a link to a Reuters news story this month that suggested the number of fake accounts on the site represented less than 5 per cent of its 229mn users.

The statement immediately hit Twitter’s share price, with the stock tumbling 19.7 per cent to $36.23 in pre-market US trading.

Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of usershttps://t.co/Y2t0QMuuyn

Twitter now trades at a huge 44 per cent spread to the $54.20 per share price Musk agreed to pay in mid-April, signalling that investors do not believe a deal will happen anywhere near that price and possibly not at all.

The doubt introduced by Musk’s tweet is the latest example of the whirlwind manner in which the transaction came together, which even led to Musk waiving his right to carry out due diligence while negotiating terms.

Twitter and Musk did not immediately respond to a request for comment.

Tesla shares, which have fallen 33 per cent since Musk tweeted that he was giving serious thought to purchasing Twitter in late March, rallied nearly 6 per cent in pre-market New York trading.

It is unclear what the legal effect of his notice was. Musk has previously said one of his priorities for the platform is to “defeat the spam bots or die trying” and to authenticate human accounts.

In Twitter’s first-quarter results, the company said less than 5 per cent of its monetisable daily active users were fake or spam accounts.

“In making this determination, we applied significant judgment, so our estimation of false or spam accounts may not accurately represent the actual number of such accounts, and the actual number of false or spam accounts could be higher than we have estimated,” Twitter said in the results.

Musk’s move comes just a day after Twitter announced an immediate hiring freeze, cost-cutting measures and the departure of two senior leaders. The company has faced long-term pressure from investors over slow growth compared with rivals such as Meta and TikTok.

The billionaire’s bid to buy Twitter sent shockwaves throughout the technology and financial world, though many speculated that Musk was not serious about the deal or that he would eventually walk away. The Tesla chief agreed to pay a $1bn break fee if he abandoned the agreement.

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Twitter urges employees to watch out for Project Veritas

"In the last couple of weeks (and as recently as yesterday) we have seen increased targeting of Tweeps to obtain company information and insight," the memo says.

A memo sent from Twitter to staff members and obtained by Project Veritas reveals that the big tech giant is warning employees to be vigilent of groups like Veritas, who recently released video showing a Twitter employee admitting the company's biases.

 

In the last couple of weeks (and as recently as yesterday) we have seen increased targeting of Tweeps to obtain company information and insight, and we wanted to inform you of what we're seeing and how to protect yourself," the statement said, acknowledging the videos released by Veritas on Monday night.

 

 

Groups like Project Veritas are active right now. These groups use social engineering tactics to get close to employees and obtain videos and recordings of employees discussing internal company matters and often selectively edit those recordings to misrepresent conversations to further their own political ideological agendas," the statement reads.

It goes on to warn "Tweeps" (Twitter employees) to "not disclose confidential, proprietary information, or discuss internal conversations, policies, or products outside of the office."

Measures to protect oneself from accidentally telling the truth to journalists include watching out for "overly friendly/inquisitive acquaintances" and to trust one's own instincts if an interaction "feels odd or uncomfortable."

 

The statement comes after Project Veritas released videos showing Twitter staff explaining the deep discontent held by employees for Elon Musk..

Video from Veritas shows a  senior engineer saying that Twitter routinely censors conservative viewpoints because right-wingers are willing to put up with it. Elsewhere, they say that left-wingers are leaving because right-wingers feel "safe" to come back, since they see Elon Musk as a leader that represents their interests.

Siru Murugesan, the senior engineer in the video, told an undercover journalist that Twitter's workforce is extremely far left, saying that the company’s overall environment shifts people’s leanings towards the left.

"Like, I started working at Twitter and became left. I think it's just like the environment, like you're there and you become this commie."

Murugesan said that he doesn't foresee left-wingers and right-wingers coexisting on Twitter, and that the company’s censorship routines are biased because right-wingers have endured it, in contrast to left-wingers who threaten to leave if people they don’t like are removed.

"Ideologically, it does not make sense like, because we're actually censoring the right, and not the left. So, everyone on the right wing will be like, 'bro, it's okay to stay, just gotta tolerate it.' The left will be like, no, I'm not gonna tolerate it. I need it censored or else I'm not gonna be on the platform."

"So, it does that on the right. It's true. There is bias. It is what it is today," he said on video.

When it comes to the free speech issue that inspired Musk’s purchase, Murugesan told the undercover operative, "Twitter does not believe in free speech." He also attests to how his co-workers "hated" Musk deciding to jump on board. "They hate it. Oh my God. I'm at least like okay with it. But some of my colleagues are like super left, left, left, left, left."

The undercover Veritas person asks what other employees have said. "They're like, 'this would be my last day if this happens'," Murugesan responded.

Murugesan said "a lot has changed" since Elon Musk began the takeover process. He said employees were worried for their jobs because the billionaire capitalist runs his businesses differently from Twitter’s socialist workplace culture. "You know, our jobs are at stake. He's a capitalist and we weren't really operating as capitalists, more like very socialist. Like we're all commie as f*ck."

He also said that the previous management allowed people to take extended time off whenever they want.

"Essentially like everyone gets to do whatever they want, no one really cares about like [operating expenses], like capitalists, they care about numbers or care about how to make the business more efficient. But in Twitter, it's like mental health is everything, like if you are not feeling it, you can take a few days off. People have taken months off, they will come back. But you always like, like do your best at any time. And that's the culture and you know we'll run the business as much as possible. But at the same time, you know, like the profits weren't a lot."

He noted pushback from staffers over Elon Musk’s takeover of the company. "We did all we could, to like revolt against it. A lot of employees revolted against it. But at the end of the day, [the] board of directors have the say, and then they acted on their best interests cause they didn't wanna get sued."

https://thepostmillennial.com/breaking-twitter-urges-employees-to-watch-out-for-project-veritas/?fbclid=IwAR0Kes1KlD8YyVDL2qhSDD81mc_NblJkyTEMm9YtIJ9C4j3i9M_jr8CJ61U

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Musk says 'utterly untrue' that he sexually harassed flight attendant on private jet

Musk's SpaceX rocket company made an out-of-court settlement with the woman, the report said.

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Fri May 20, 2022 - Reuters

Quote

"The attacks against me should be viewed through a political lens – this is their standard (despicable) playbook – but nothing will deter me from fighting for a good future and your right to free speech."

Tesla Inc. CEO Elon Musk took to Twitter late on Thursday to denounce as "utterly untrue" claims in a news report that he had sexually harassed a flight attendant on a private jet in 2016.

Business Insider reported earlier on Thursday that Musk's SpaceX paid $250,000 in 2018 to settle a sexual harassment claim from an unnamed private jet flight attendant who accused Musk of exposing himself to her.

The article quoted an anonymous person who said she was a friend of the flight attendant. The friend had provided a statement as part of the private settlement process, according to the article.

"I have a challenge to this liar who claims their friend saw me 'exposed' – describe just one thing, anything at all (scars, tattoos, …) that isn’t known by the public. She won’t be able to do so, because it never happened," Musk tweeted.

Reuters was not able to verify the Business Insider account. Musk and SpaceX did not respond to Reuters requests for comment on the Business Insider story or on Musk's tweets.

In addition to allegedly exposing himself, Musk rubbed the flight attendant's thigh and offered to buy her a horse if she would "do more" during an in-flight massage, Business Insider quoted the friend of the flight attendant as saying.

The flight attendant came to believe that her refusal to accept Musk's proposal had hurt her opportunities to work at SpaceX and prompted her to hire a lawyer in 2018, according to Business Insider.

The rocket company made the settlement out of court and included a nondisclosure agreement which prevented the flight attendant from speaking about it, Business Insider said. The news site did not name the friend or the flight attendant.

Musk, who is in the midst of a contentious effort to buy Twitter Inc., said on Wednesday that he would vote Republican instead of Democrat, predicting a "dirty tricks campaign against me" would follow.

In the Business Insider article, Musk was quoted as saying the flight attendant's story was a "politically motivated hit piece" and that there was "a lot more to this story."

On Thursday evening, Musk first tweeted: "The attacks against me should be viewed through a political lens – this is their standard (despicable) playbook – but nothing will deter me from fighting for a good future and your right to free speech." In the initial tweet, he did not specifically mention the allegations in the Business Insider article.

"And, for the record, those wild accusations are utterly untrue," Musk added in another tweet.

He also tweeted that the article was meant to interfere with the Twitter acquisition.

Reuters could not immediately reach Business Insider for comment.

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