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Elon Musk Closes Deal - Owns Twitter

Musk can put another feather in his cap: deadliest car in America!


Tesla's vehicles have the highest fatal accident rate among all car brands in America, according to a recent iSeeCars study that analyzed data from the U.S. Fatality Analysis Reporting System (FARS).

The study was conducted on model year 2018–2022 vehicles, and focused on crashes between 2017 and 2022 that resulted in occupant fatalities. Tesla vehicles have a fatal crash rate of 5.6 per billion miles driven, according to the study; Kia is second with a rate of 5.5, and Buick rounds out the top three with a 4.8 rate. The average fatal crash rate for all cars in the United States is 2.8 per billion vehicle miles driven.
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robertreich.substack.com

Trump’s “First Buddy” is in deep shit

If you’re advising a president-elect, you don’t publicly push him to do what you want. That’s true of any president-elect. It’s even truer of Trump.
robertreich.substack.com robertreich.substack.com

It's a good one: EM voiced publicly his Treasure preference pressuring Trump. Now trump either looks like the bitch of EM or clashes with him.

Are y'all ready for Electric Messiah vs. MAGA Führer?😀 Miocic vs. Jones will be a cat fight compared to it😀
 
P___X said:
robertreich.substack.com

Trump’s “First Buddy” is in deep shit

If you’re advising a president-elect, you don’t publicly push him to do what you want. That’s true of any president-elect. It’s even truer of Trump.
robertreich.substack.com robertreich.substack.com

It's a good one: EM voiced publicly his Treasure preference pressuring Trump. Now trump either looks like the bitch of EM or clashes with him.

Are y'all ready for Electric Messiah vs. MAGA Führer?😀 Miocic vs. Jones will be a cat fight compared to it😀
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I must admit that I am (with an almost sinful - nay, savagely sadistic - sense of unseemly glee - schadenfreude has nothing on this) anticipating what will be the inevitable - venomous, vicious and vitriolic - fallout between these two dangerous, deranged, unhinged, ethics-free, needy, and insanely narcissistic, megalomaniacs.
 
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P___X said:
robertreich.substack.com

Trump’s “First Buddy” is in deep shit

If you’re advising a president-elect, you don’t publicly push him to do what you want. That’s true of any president-elect. It’s even truer of Trump.
robertreich.substack.com robertreich.substack.com

It's a good one: EM voiced publicly his Treasure preference pressuring Trump. Now trump either looks like the bitch of EM or clashes with him.

Are y'all ready for Electric Messiah vs. MAGA Führer?😀 Miocic vs. Jones will be a cat fight compared to it😀
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If this ends with Elmo getting deported, at least I will have something to laugh at while the world burns around me.
 
P___X said:
MG Hammer 🤣

Also you can use xcancel rather than Xitter to reference the original:
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Wow, Xitter really has become a hell-hole. 5 years ago if Elmo posted garbage like that, the replies would have been brutally honest. Now, they're all just sycophantic cheerleading posts. It's kind of hard to believe anybody other than right-wing crazies are still on that platform.
 
SouprMatt said:
Wow, Xitter really has become a hell-hole. 5 years ago if Elmo posted garbage like that, the replies would have been brutally honest. Now, they're all just sycophantic cheerleading posts. It's kind of hard to believe anybody other than right-wing crazies are still on that platform.
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Well some organizations, institutes and media outlets --even local sheriff's offices-- still post there because there's no agreement to settle into some particular alternate hangout in the Fediverse or Bluesky as of yet. So for instance media outlets (not the Guardian any more) may put up a feed there and feature some articles every day, trolling amongst the cybertruck boyz for subscribers. Come to think of it, that's probably why some outlets are running those really cheap promos like $1 a week for six months and etc. Keeps paid circulation figures up even if no one's reading the papers... the trolls don't mind washing into an online paper for a few months and pounding on whoever posts comments to news articles. 😕
 
So there's all this examination into Bluesky's increasing numbers, but I think it's always nice to see what people are leaving.


x.com

x.com x.com
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But one of the strangest things I've seen in awhile is the #swiftieracism trending. Two things to make clear. 1. Swift has done nothing racist, it's some of her fans. 2. It isn't her fans that have it trending, it's others calling out her fans.

I've put a couple behind spoilers, because this is some truly racist shit. You can take my word for it, skip over them, and check the milder ones.






Billboard has some fans so far in their feelings, they went right to racism. It's a billboard list! WTF?!!

The things you learn about some people on x.

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Elon Musk is so keen on keeping you engaged on his platform that he deprioritizes your tweets if they have links to external sites in them. What an idiot. He suggests if you want to post a link to some news article, for instance, just put the link in a separate reply to your original tweet and then it won't get throttled. FFS. Nothing is ever enough for Elon, eh.

www.mediaite.com

Elon Musk Admits X is Throttling Links — Effectively Limiting People From Reading News

Musk confirmed that posts containing links are deprioritized, renewing criticism that the platform is restricting access to external sources of information.
www.mediaite.com www.mediaite.com

But wait, there's more... and this is the kind of thing that at least the EU might tell Musk borders on or is actually illegal.

Washington Post analysis in August 2023 revealed that X had imposed delays on links to rival platforms like Facebook, Bluesky, and Substack, as well as news outlets such as the New York Times. These delays, routed through X’s t.co domain, reportedly reduced traffic to targeted websites, potentially impacting their ad revenue.

The New York Times expressed concern at the time about “targeted pressure applied to any news organization for unclear reasons.” Substack’s founders similarly criticized the practice, stating that such behavior undermines creators’ ability to sustain independent platforms.
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lizkat said:
Elon Musk is so keen on keeping you engaged on his platform that he deprioritizes your tweets if they have links to external sites in them. What an idiot. He suggests if you want to post a link to some news article, for instance, just put the link in a separate reply to your original tweet and then it won't get throttled. FFS. Nothing is ever enough for Elon, eh.

www.mediaite.com

Elon Musk Admits X is Throttling Links — Effectively Limiting People From Reading News

Musk confirmed that posts containing links are deprioritized, renewing criticism that the platform is restricting access to external sources of information.
www.mediaite.com www.mediaite.com

But wait, there's more... and this is the kind of thing that at least the EU might tell Musk borders on or is actually illegal.
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So let's take a moment to talk about oligarchs running social media platforms. The bird's dead dead dead and the butterfly lives. I think we now reached the point of no return for Bluesky to take over. But...can we talk about that Dorsey felt that it was a good idea to sell Twitter to someone like EM?! What would guarantee that Bluesky won't get xitified in the near future? Also, who'd trust Zuckerberg?

The only way to move forward is to have a decentralized rival/parallel, so if these assholes pull their schticks people can always jump ship. I promise. Bluesky will get shit too.
 
P___X said:
So let's take a moment to talk about oligarchs running social media platforms. The bird's dead dead dead and the butterfly lives. I think we now reached the point of no return for Bluesky to take over. But...can we talk about that Dorsey felt that it was a good idea to sell Twitter to someone like EM?! What would guarantee that Bluesky won't get xitified in the near future? Also, who'd trust Zuckerberg?

The only way to move forward is to have a decentralized rival/parallel, so if these assholes pull their schticks people can always jump ship. I promise. Bluesky will get shit too.
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I don't believe Dorsey alone is to blame. Does it mean he wouldn't sell Bluesky & keep a stake in it to keep making money? No.

But that's a lot of vilification to carry with you. Not that the very rich seem to give a shit about vilification from anyone not as rich as them, but it would harm any future ventures that he might need the public for.

Emo came along with a financial offer that was too good to pass up for a financially struggling Twit. As Twit had a board, they had a say in selling could claim a failure of fiduciary duties. Basically the board could make the call on selling Twit, so they could get their money & run.

The Twitter Board Bears Personal Responsibility for a Bad Outcome in the Twitter Sale | CLS Blue Sky Blog

Let’s be clear about this: The Twitter board was under no legal compulsion to accept Elon Musk’s offer for the company and, from a corporate governance structural point of view, was in an unassailable position until the 2024 shareholders meeting.
clsbluesky.law.columbia.edu clsbluesky.law.columbia.edu
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Let’s be clear about this: The Twitter board was under no legal compulsion to accept Elon Musk’s offer for the company and, from a corporate governance structural point of view, was in an unassailable position until the 2024 shareholders meeting. The single motivating factor in its decision, apparently, was that the deal was a good one for Twitter shareholders, without apparent regard for how Musk might run the company and the consequence for the social media infrastructure that Twitter had created, much less the public welfare. In my opinion, the board’s conduct was shockingly near-sighted, and the predictable adverse consequences will be the directors’ personal responsibility.

It is hornbook Delaware corporate law that the board of directors may refuse any and all offers for the sale of the company. The directors could believe that the “long term value” of the company will be higher than the current offer price. The directors could believe that the acquiror will operate the company so as to impose external costs on the community. The directors could believe that an acquiror will be insufficiently protective of the company’s stakeholders.

For example, imagine a chemical company that operated a high-cost filtration plant that minimized down-stream effluents to a greater extent than the law required. A prospective acquiror offers a premium bid but with plans to substitute a lower cost but much less effective filtration system that will increase the firm’s profits. The company’s board has ample legal protection under the “business judgment rule” to operate the firm in the low-polluting way and is not obliged to accept a bid from an acquiror who it knows will operate the firm differently (even if also legally).

In one of the most famous cases in corporate law, Paramount Communications v. Time, Inc., decided in 1989, the Time board favored a merger with Warner over a much higher cash bid from Paramount in part because the terms of the merger protected “Time culture.” This included a board seat for the editor of Time magazine and an understanding that the editorial independence of the magazine should not take a back seat to business considerations. The Delaware Supreme Court held that Time’s defensive measures against the Paramount bid were “proportional” and permissible.

Suppose Elon Musk shows up with a “blow out bid” for the New York Times Company? Is the board obliged to accept? Of course not.

The only circumstances in which a board must attempt to maximize an immediate payout to shareholders (and put aside concerns about other constituencies) is where the board has already put the company up for sale or entered into a transaction that would result in a shift to a new controller. Having started the ball rolling, the board cannot discriminate among potential acquirors. This means that now, the Twitter board would have to entertain potential over-bidders. But it need not have taken the first step of a Twitter sale.
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To be clear, in agreeing to sell Twitter to Elon Musk, the Twitter board has acted within its fiduciary duties. But it is not obliged to sell to him, and in particular it is not obliged to sell without a thorough vetting of his plans for the site and entering into particularized agreements about how the site would be managed. Some of Musk’s tweets about “free speech” suggest an alarming unwillingness to distinguish between the constraints that a government may impose and the speech constraints that may be imposed by a private party like Twitter and, indeed, that would be responsible to impose.

If Twitter becomes a megaphone for misinformation and hateful speech, I think the Twitter directors will bear personal responsibility. They did not have to sell; they could have done more to protect the public.
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What started as a joke from an asshole, played into a board wanting to get paid & out of a financially questionable situation, that turned into the eventual fetid swamp online & incoming to the WH.
 
Jay Mysteri0 said:
I don't believe Dorsey alone is to blame. Does it mean he wouldn't sell Bluesky & keep a stake in it to keep making money? No.

But that's a lot of vilification to carry with you. Not that the very rich seem to give a shit about vilification from anyone not as rich as them, but it would harm any future ventures that he might need the public for.

Emo came along with a financial offer that was too good to pass up for a financially struggling Twit. As Twit had a board, they had a say in selling could claim a failure of fiduciary duties. Basically the board could make the call on selling Twit, so they could get their money & run.






What started as a joke from an asshole, played into a board wanting to get paid & out of a financially questionable situation, that turned into the eventual fetid swamp online & incoming to the WH.
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It doesn't matter how it happened. It happened, and it will happen again. Only question is how long it will take. People need to start doing decentralized things, or be prepared to rapidly migrate between platforms. Or, just give in to the oligarchy.
 
There is no correlation between intelligence and wealth…

www.bloomberg.com

Elon Musk Falls for Factually Challenged Attacks on EV Charger Funding

Transportation Secretary Pete Buttigieg set the Tesla CEO straight.
www.bloomberg.com www.bloomberg.com

It all started when Michael Rulli, whose district neighbors a major electric-vehicle battery plant for General Motors, claimed on Musk’s social media network that Buttigieg will leave his position in the Biden administration having spent $7.5 billion to build just eight EV charging stations. “His legacy will be squandering billions on something nobody wants, while millions struggle to afford the things they need,” Rulli wrote Sunday on X.

This post was full of falsehoods, which we’ll get to. But rather than outright dispute it, Musk’s initial response was to ask: “Was that much money actually spent?”
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Pete Buttigieg proceeded to educate Mr. Musk (and the public) about the realities… which one would assume the “genius” Tesla guy would already know.
 
P___X said:
It doesn't matter how it happened. It happened, and it will happen again. Only question is how long it will take. People need to start doing decentralized things, or be prepared to rapidly migrate between platforms. Or, just give in to the oligarchy.
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Yes, it will happen again.

Which will give someone else another opportunity to make a platform, which when successful someone else will try to buy. It's the sad nature of our society, it's capitalism.

It also means making the most of something while we can, and not take it for granted. It's the acceptance some people are finally realizing with digital media of any kind. They are buying anything to own, they are paying to rent it until the big company decides otherwise. Which is the appeal of physical media, but if you notice, physical media itself is becoming harder & harder to get. Likewise if things become too decentralized, "oligarchs" will come for that since that control it. Whether it will use gov't, financial pressure, or whatever. It's the inevitable cycle / chase. Someone / something will make that decentralization harder to use over a more convenient platform.
 
Jay Mysteri0 said:
Yes, it will happen again.

Which will give someone else another opportunity to make a platform, which when successful someone else will try to buy. It's the sad nature of our society, it's capitalism... It's the inevitable cycle / chase. Someone / something will make that decentralization harder to use over a more convenient platform.
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Or perhaps we can be a little more proactive about it, otherwise we'll be destined to deal with this see-saw swing of social media bullshit (see 2016=>2020=>2024 social media regulation).
 
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