428
Elon Musk is considering taking Twitter out of Europe amid EU compliance investigation
(www.businessinsider.com)
this post was submitted on 18 Oct 2023
428 points (92.3% liked)
World News
32391 readers
1015 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
~~Nah, he never wanted to buy it.~~
~~It was a pump and dump and then the SEC forced him to actually buy it.~~
He tried to back out but was forced to complete the sale.
Now he has no idea what to do with it and is just digging himself deeper and deeper and deeper.
He signed a contract to buy it, then tried to back out.
Good point, you are correct. I worded that incorrectly and have edited it.
To people like EM, laws are only there to force others to do what they want, not to bind or limit their actions. When he decided to back out of the deal, as far as he was concerned, he should have been allowed to.
When they sued to force the sale, it was the legal discovery that scared the shit out of him. So he had to go through with the purchase.
What was Elon Musk’s strategy for Twitter?
Well, he is kinda following a random message he got from an unknown person:
Seems he's killing it to get cheers and adulation from the far right.
Why try to back out then? If this was some catch and kill op why did he humiliate himself and involve a fuck ton of bank loans??
Also it’s not like that text is some grand fuckin plan lmao
It’s a damn copy paste from the fascist playbook, reverse victim and offender/gaslight/silence those you don’t like with your new power
Frankly he's a fucking idiot. He and his parents have been wealthy enough that he's never actually had a meaningful consequence of any decision he's ever made.
And, if he's sad about it, he just cries into a mountain of money until he feels superior again.
If he wanted to kill it, this whole charade would be utterly pointless. He could literally just pull the plug.
porque no los dos?
I think he found himself between a rock and a hard place having to buy Twitter, but now he is realizing he can't make his money back and his attempts to alter the platform to his liking are failing miserably as well, he is probably dead set on killing it for good.
I'm not so sure.
He owns it outright now.
There are no other shareholders to answer to.
If he wanted to close it down tomorrow, he could just turn off the servers and sack everyone.
It is likely that some of his employees have contracts, and he might have to pay out the remainder of those contracts, depending on the details and national labor law.
I also think as he doesn't align politically with a lot of ppl on Twitter, he might wanna phase it out slowly, so there's no sudden jump in other platforms trying to take over the role of Twitter.
Ofc I have no evidence for that, but I could see him doing that.
I like this take, too. I also see him spinning this into major tax write offs, or something. Even losses benefit billionaires in this country it seems.