Updates tagged with musk on Arkwood Pond Social!
lnxw48a1: https://news.yahoo.com/police-said-member-elon-musks-020954910.html [news yahoo com] Police: #Musk security team member the suspect in confrontation, not alleged stalker. This makes Elon Musk's purge sound like lunatic ravings, not some kind of justifiable security fears.
lnxw48a1's status on Thursday, 22-Dec-2022 23:58:55 UTC
https://news.yahoo.com/police-said-member-elon-musks-020954910.html [news yahoo com] Police: #Musk security team member the suspect in confrontation, not alleged stalker. This makes Elon Musk's purge sound like lunatic ravings, not some kind of justifiable security fears.
lnxw48a1: @simsa04 Well, right now, #Musk has a can of gasoline (or petrol) in one hand and a lit cigarette in the other. He's about to destroy the place. Putting an adult in charge might slow that process down (especially if the person chosen is free to argue back when the owner wants to do something harmful).
lnxw48a1's status on Monday, 19-Dec-2022 03:24:59 UTC
@simsa04 Well, right now, #Musk has a can of gasoline (or petrol) in one hand and a lit cigarette in the other. He's about to destroy the place. Putting an adult in charge might slow that process down (especially if the person chosen is free to argue back when the owner wants to do something harmful).
lnxw48a1: #Musk sells large number of #Tesla shares https://www.cnbc.com/2022/12/15/elon-musk-sells-another-huge-chunk-of-tesla-shares-.html [www cnbc com] /via @geniusmusing Also, I saw (but cannot find currently) where a current ${NASDAQ[TSLA]} shareholder said something to the effect of "Elon Musk is running FIVE COMPANIES and is too distracted to do his job well at any of them".
lnxw48a1's status on Thursday, 15-Dec-2022 17:47:47 UTC
#Musk sells large number of #Tesla shares https://www.cnbc.com/2022/12/15/elon-musk-sells-another-huge-chunk-of-tesla-shares-.html [www cnbc com] /via @geniusmusing Also, I saw (but cannot find currently) where a current ${NASDAQ[TSLA]} shareholder said something to the effect of "Elon Musk is running FIVE COMPANIES and is too distracted to do his job well at any of them".
lnxw48a1: Lenders considering reissuing #Twitter loans to #Musk instead, to reduce company's risk. https://nu.federati.net/url/288900 [www bloomberg com] And likely to reduce its over $1,000,000,000/year payments
lnxw48a1's status on Tuesday, 13-Dec-2022 03:22:52 UTC
Lenders considering reissuing #Twitter loans to #Musk instead, to reduce company's risk. https://nu.federati.net/url/288900 [www bloomberg com] And likely to reduce its over $1,000,000,000/year payments
lnxw48a1: https://prodromou.pub/@evan/109498060348615260 @evan@prodromou.pub @evan@identi.ca ( and formerly @evan@e14n.com ) has said this a few times, but here it is again. "Every time you post on Twitter, you produce value for the advertisers. You tell everyone in your network there that it's OK to stay. That you're all helpless to leave. You tell the people who've lost their jobs, the people who are being hounded and harassed, that they are not important to you. You know you're going to be ashamed of it later. Just stop posting. Do it here, not there. Connect here, not there. Don't reply, don't like, don't retweet. Stop feeding your life into the machine." This was true before Elon #Musk bought #Twitter, but I guess it wasn't as important before. I don't fully agree, simply because there may be some advantages to many people who continue to use Twitter instead of moving to the #Fediverse (e.g., #GNU_Social, #Mastodon, #Pleroma, #Misskey, #PixelFed, #Lenny / #Lemmy, etc) or they would have moved over already. Also, because unless one self-hosts one's own presence, an angry instance admin is all it takes to lose all posts and connections and have to start over. Or, if one has contacts on a different instance, then irate instance admins participating in #blockwars (including #fediblock) can separate the person from some portion of their contacts. So remember, everything that Twitter is or can do to you, your Fediverse instance can also do. Most instances will never do most of those things, but pretending that one is safe here could result in disappointment in the future.
lnxw48a1's status on Monday, 12-Dec-2022 01:58:05 UTC
https://prodromou.pub/@evan/109498060348615260 @evan@prodromou.pub @evan@identi.ca ( and formerly @evan@e14n.com ) has said this a few times, but here it is again. "Every time you post on Twitter, you produce value for the advertisers. You tell everyone in your network there that it's OK to stay. That you're all helpless to leave. You tell the people who've lost their jobs, the people who are being hounded and harassed, that they are not important to you. You know you're going to be ashamed of it later. Just stop posting. Do it here, not there. Connect here, not there. Don't reply, don't like, don't retweet. Stop feeding your life into the machine." This was true before Elon #Musk bought #Twitter, but I guess it wasn't as important before. I don't fully agree, simply because there may be some advantages to many people who continue to use Twitter instead of moving to the #Fediverse (e.g., #GNU_Social, #Mastodon, #Pleroma, #Misskey, #PixelFed, #Lenny / #Lemmy, etc) or they would have moved over already. Also, because unless one self-hosts one's own presence, an angry instance admin is all it takes to lose all posts and connections and have to start over. Or, if one has contacts on a different instance, then irate instance admins participating in #blockwars (including #fediblock) can separate the person from some portion of their contacts. So remember, everything that Twitter is or can do to you, your Fediverse instance can also do. Most instances will never do most of those things, but pretending that one is safe here could result in disappointment in the future.
lnxw48a1: This is about two weeks ago: https://www.tmz.com/2022/11/13/elon-musk-inadvertently-spark-senate-investigation-twitter/ [www tmz com] Elon #Musk got into an online argument with Senator Ed Markey, who reminded him that #Congress has the power to investigate #Twitter and other Musk-owned companies.
lnxw48a1's status on Sunday, 27-Nov-2022 20:34:25 UTC
This is about two weeks ago: https://www.tmz.com/2022/11/13/elon-musk-inadvertently-spark-senate-investigation-twitter/ [www tmz com] Elon #Musk got into an online argument with Senator Ed Markey, who reminded him that #Congress has the power to investigate #Twitter and other Musk-owned companies.
lnxw48a1: https://www.youtube.com/watch?v=QxCRRcWSt4I Elon bought himself a bunch of lawsuits. /via @geniusmusing #Twitter #Musk #lawsuit #bankruptcy #sec #ftc
lnxw48a1's status on Friday, 25-Nov-2022 15:20:48 UTC
https://www.youtube.com/watch?v=QxCRRcWSt4I Elon bought himself a bunch of lawsuits. /via @geniusmusing #Twitter #Musk #lawsuit #bankruptcy #sec #ftc
lnxw48a1: https://www.techdirt.com/2022/11/18/it-begins-the-eu-summons-musk-to-appear-before-them/ [www techdirt com] The EU summons Elon #Musk to appear concerning his actions and decisions about #Twitter
lnxw48a1's status on Saturday, 19-Nov-2022 00:50:34 UTC
https://www.techdirt.com/2022/11/18/it-begins-the-eu-summons-musk-to-appear-before-them/ [www techdirt com] The EU summons Elon #Musk to appear concerning his actions and decisions about #Twitter
lnxw48a1: @simsa04 One thing that stood out to me as a former business major is that ... once #Musk followed up his presumably drunk purchase offer with a serious purchase offer, #Twitter management was legally obligated to sell the company and to pursue any and all legal remedies to cause that to be accomplished. They could sell it to him or they could find someone offering a higher price, but they had to sell the company. If Elon Musk wasn't so sure of his own superiority, he could have said "I was drunk / stoned and not thinking clearly, so the offer I made is rescinded", but instead he followed through (probably because he secretly bought 9% of the company before any of this happened, so making that sort of offer and not carrying it out could have subjected him to civil and criminal penalties). It really is sad that they had to do so regardless of their belief that he was overpaying and that he would not be able to make the payments on his loans, but present US securities laws require this. See also: https://nu.federati.net/notice/3414551
lnxw48a1's status on Friday, 18-Nov-2022 04:56:16 UTC
@simsa04 One thing that stood out to me as a former business major is that ... once #Musk followed up his presumably drunk purchase offer with a serious purchase offer, #Twitter management was legally obligated to sell the company and to pursue any and all legal remedies to cause that to be accomplished. They could sell it to him or they could find someone offering a higher price, but they had to sell the company. If Elon Musk wasn't so sure of his own superiority, he could have said "I was drunk / stoned and not thinking clearly, so the offer I made is rescinded", but instead he followed through (probably because he secretly bought 9% of the company before any of this happened, so making that sort of offer and not carrying it out could have subjected him to civil and criminal penalties). It really is sad that they had to do so regardless of their belief that he was overpaying and that he would not be able to make the payments on his loans, but present US securities laws require this. See also: https://nu.federati.net/notice/3414551
lnxw48a1: #Twitter under #Musk could face criminal penalties, due to #FCC consent decree. https://nu.federati.net/url/288417 [www techdirt com] Source: https://mastodon.social/@mmasnick/109320820214327349
lnxw48a1's status on Thursday, 10-Nov-2022 21:01:49 UTC
#Twitter under #Musk could face criminal penalties, due to #FCC consent decree. https://nu.federati.net/url/288417 [www techdirt com] Source: https://mastodon.social/@mmasnick/109320820214327349
lnxw48a1: https://nitter.net/elonmusk/status/1588538640401018880 https://twitter.com/elonmusk/status/1588538640401018880 Elon #Musk says #Twitter's revenue had dropped. A lot. He blames "activists" lobbying their advertisers.
lnxw48a1's status on Friday, 04-Nov-2022 20:22:54 UTC
https://nitter.net/elonmusk/status/1588538640401018880 https://twitter.com/elonmusk/status/1588538640401018880 Elon #Musk says #Twitter's revenue had dropped. A lot. He blames "activists" lobbying their advertisers.
lnxw48a1: https://www.cbsnews.com/news/elon-musk-twitter-wall-street-sees-a-challenge-ahead/ [www cbsnews com] Elon #Musk facing challenging economic environment as he takes over #Twitter, also faces skittish advertisers who've seen all the things he posted. That's probably one reason for the job cuts he's making. Aside from disagreements about the company's direction (e.g., the most likely reason for firing the executive team), he's expected to cut headcount by 30% or more; with some claiming up to 75%. I know they're probably considered overstaffed (as are all large companies and government agencies), but I sincerely question his ability to make it profitable if he cuts 50% or more of the staff over the first year. (He could do the "hire younger people for less money and have the existing staff train their replacements" thing. I personally think that is vile, but he wouldn't be the first company acquirer to do this.) I'm not on the inside, but it seems to me that once you pass 20% staff reduction, less people working means less work gets done. Now, sometimes, the work that no longer gets done was not needed anyway, but it doesn't sound like he's got a lot of runway to figure things out before he needs to be flying. His funders are going to start expecting to start receiving payments within months. Why is it interesting to me? I still have a Twitter account. I'm trying to log in once per month, so I can gradually reacquaint myself with any of my contacts that are still there. In reality, it is probably closer to three times per year. If it weren't for Twitter (and a couple of once similar sites: Pownce, Jaiku, Identi.ca), I would not be here.
lnxw48a1's status on Saturday, 29-Oct-2022 03:57:54 UTC
https://www.cbsnews.com/news/elon-musk-twitter-wall-street-sees-a-challenge-ahead/ [www cbsnews com] Elon #Musk facing challenging economic environment as he takes over #Twitter, also faces skittish advertisers who've seen all the things he posted. That's probably one reason for the job cuts he's making. Aside from disagreements about the company's direction (e.g., the most likely reason for firing the executive team), he's expected to cut headcount by 30% or more; with some claiming up to 75%. I know they're probably considered overstaffed (as are all large companies and government agencies), but I sincerely question his ability to make it profitable if he cuts 50% or more of the staff over the first year. (He could do the "hire younger people for less money and have the existing staff train their replacements" thing. I personally think that is vile, but he wouldn't be the first company acquirer to do this.) I'm not on the inside, but it seems to me that once you pass 20% staff reduction, less people working means less work gets done. Now, sometimes, the work that no longer gets done was not needed anyway, but it doesn't sound like he's got a lot of runway to figure things out before he needs to be flying. His funders are going to start expecting to start receiving payments within months. Why is it interesting to me? I still have a Twitter account. I'm trying to log in once per month, so I can gradually reacquaint myself with any of my contacts that are still there. In reality, it is probably closer to three times per year. If it weren't for Twitter (and a couple of once similar sites: Pownce, Jaiku, Identi.ca), I would not be here.
lnxw48a1: @simsa04 @geniusmusing If they did, their instance(s) would rapidly become the largest. They would be the “center of gravity” that endangers the health of every #federated network in which they appear. However, I think that, freed from the distraction of #Musk and the public attention of #Twitter, they would rather focus on proving that a network built upon their #AT_Protocol is viable.
lnxw48a1's status on Friday, 28-Oct-2022 14:32:51 UTC
@simsa04 @geniusmusing If they did, their instance(s) would rapidly become the largest. They would be the “center of gravity” that endangers the health of every #federated network in which they appear. However, I think that, freed from the distraction of #Musk and the public attention of #Twitter, they would rather focus on proving that a network built upon their #AT_Protocol is viable.
lnxw48a1: Elon #Musk completes purchase of #Twitter, fires some people.https://mastodon.social/@fribbledom/109243939400813351 https://www.reuters.com/markets/deals/elon-musk-completes-44-bln-acquisition-twitter-2022-10-28/
lnxw48a1's status on Friday, 28-Oct-2022 04:49:36 UTC
Elon #Musk completes purchase of #Twitter, fires some people. https://mastodon.social/@fribbledom/109243939400813351 https://www.reuters.com/markets/deals/elon-musk-completes-44-bln-acquisition-twitter-2022-10-28/
lnxw48a1: https://finance.yahoo.com/news/elon-musk-agrees-to-go-ahead-with-twitter-deal-163822996.html [finance yahoo com] #musk agrees to buy #twitter, source says.
lnxw48a1's status on Tuesday, 04-Oct-2022 18:47:02 UTC
https://finance.yahoo.com/news/elon-musk-agrees-to-go-ahead-with-twitter-deal-163822996.html [finance yahoo com] #musk agrees to buy #twitter, source says.
lnxw48a1: https://nu.federati.net/url/287988 [www theatlantic com] #Musk’s text messages about #Twitter purchase released. Rich contacts revealed as fawning sycophants, disorganized spitballers.
lnxw48a1's status on Saturday, 01-Oct-2022 18:57:51 UTC
https://nu.federati.net/url/287988 [www theatlantic com] #Musk’s text messages about #Twitter purchase released. Rich contacts revealed as fawning sycophants, disorganized spitballers.
lnxw48a1: via @geniusmusing https://nu.federati.net/url/287487 [www techdirt com] A #Twitter whistleblower's report, while seemingly favoring #Musk's claims, seems to provide more detailed support to Twitter's claims instead. Even before this, I would not be surprised if Elon Musk's legal team told him to prepare to purchase Twitter or to pay them enough money to make the lawsuit go away. I would guess that's why https://nu.federati.net/url/287488 [www cnbc com] happened.
lnxw48a1's status on Friday, 26-Aug-2022 05:25:22 UTC
via @geniusmusing https://nu.federati.net/url/287487 [www techdirt com] A #Twitter whistleblower's report, while seemingly favoring #Musk's claims, seems to provide more detailed support to Twitter's claims instead. Even before this, I would not be surprised if Elon Musk's legal team told him to prepare to purchase Twitter or to pay them enough money to make the lawsuit go away. I would guess that's why https://nu.federati.net/url/287488 [www cnbc com] happened.
lnxw48a1: I found this link via @geniusmusing https://nu.federati.net/url/287486 [www techdirt com] In regard to the #Twitter vs #Musk legal action, Musk's claims about spam are irrelevant. > Either way, note that the supposed breach of this clause (which again, does not appear to have actually been breached) is what the attempted termination, and thus the lawsuit, is actually about. Musk has to show that he requested information that was necessary for completing the deal and that Twitter didn’t give it to him. > Twitter just has to show that (1) it gave him what he asked for and (2) anything it didn’t give him either didn’t exist or in Twitter’s estimation was either not necessary for consummating the deal or could be abused by Musk. > Note that “how much spam is on the platform” doesn’t even remotely play into any of this.
lnxw48a1's status on Friday, 26-Aug-2022 05:08:08 UTC
I found this link via @geniusmusing https://nu.federati.net/url/287486 [www techdirt com] In regard to the #Twitter vs #Musk legal action, Musk's claims about spam are irrelevant. > Either way, note that the supposed breach of this clause (which again, does not appear to have actually been breached) is what the attempted termination, and thus the lawsuit, is actually about. Musk has to show that he requested information that was necessary for completing the deal and that Twitter didn’t give it to him. > Twitter just has to show that (1) it gave him what he asked for and (2) anything it didn’t give him either didn’t exist or in Twitter’s estimation was either not necessary for consummating the deal or could be abused by Musk. > Note that “how much spam is on the platform” doesn’t even remotely play into any of this.
lnxw48a1: @lxo I think #Musk's offer was more than the company is worth, so they fear shareholder lawsuits if they don't pursue it. I also think they're going to get billions of dollars out of him in order to let him walk away. In turn, if someone else wants to buy, the new buyer will have to pay for the fact that #Twitter will have X billion dollars in the bank.
lnxw48a1's status on Friday, 12-Aug-2022 03:55:11 UTC
@lxo I think #Musk's offer was more than the company is worth, so they fear shareholder lawsuits if they don't pursue it. I also think they're going to get billions of dollars out of him in order to let him walk away. In turn, if someone else wants to buy, the new buyer will have to pay for the fact that #Twitter will have X billion dollars in the bank.
lnxw48a1: #Musk offloads $7 billion in #Tesla stock, supporting belief that #Twitter will succeed in forcing him to complete purchase deal. https://www.marketwatch.com/story/elon-musk-offloads-nearly-7-billion-in-tesla-stock-11660098780 [www marketwatch com] > “This is really Musk reading the room that with a weak case going into Delaware, the chances that he's going to have to acquire Twitter are increasingly getting higher,” Dan Ives, a managing director at Wedbush Securities, attested to The Daily Beast. https://nu.federati.net/url/287320?ref=home [www thedailybeast com] ${NASDAQ(TSLA)} This is another sign that Elon Musk is not suited to run any publicly traded companies. Investors could try to sue over his implied promise not to sell more stock if the price tumbled as a result of this sale.
lnxw48a1's status on Wednesday, 10-Aug-2022 22:13:52 UTC
#Musk offloads $7 billion in #Tesla stock, supporting belief that #Twitter will succeed in forcing him to complete purchase deal. https://www.marketwatch.com/story/elon-musk-offloads-nearly-7-billion-in-tesla-stock-11660098780 [www marketwatch com] > “This is really Musk reading the room that with a weak case going into Delaware, the chances that he's going to have to acquire Twitter are increasingly getting higher,” Dan Ives, a managing director at Wedbush Securities, attested to The Daily Beast. https://nu.federati.net/url/287320?ref=home [www thedailybeast com] ${NASDAQ(TSLA)} This is another sign that Elon Musk is not suited to run any publicly traded companies. Investors could try to sue over his implied promise not to sell more stock if the price tumbled as a result of this sale.
lnxw48a1: https://www.reuters.com/technology/twitter-sues-elon-musk-hold-him-44-bln-merger-2022-07-12/ [www reuters com] It is official. #Twitter is suing Elon #Musk to enforce the purchase agreement.
lnxw48a1's status on Tuesday, 12-Jul-2022 22:13:22 UTC
https://www.reuters.com/technology/twitter-sues-elon-musk-hold-him-44-bln-merger-2022-07-12/ [www reuters com] It is official. #Twitter is suing Elon #Musk to enforce the purchase agreement.
lnxw48a1: https://www.reuters.com/technology/elon-musk-terminating-twitter-deal-2022-07-08/ [www reuters com] Elon #Musk finally backs out of the deal to purchase #Twitter, citing unresolved questions about #bots and #spammers. > "I'd say Twitter is well-positioned legally to argue that it provided him with all the necessary information and this is a pretext to looking for any excuse to get out of the deal," said Ann Lipton, associate dean for faculty research at Tulane Law School. Now, I don't know whether this person has expertise in contract law and has read the agreement, so I cannot guess as to the result of the legal battle that will come out of this. > In a filing, Musk's lawyers said Twitter had failed or refused to respond to multiple requests for information on fake or spam accounts on the platform, which is fundamental to the company's business performance. > "Twitter is in material breach of multiple provisions of that Agreement, appears to have made false and misleading representations upon which Mr. Musk relied when entering into the Merger Agreement," the filing said.
lnxw48a1's status on Saturday, 09-Jul-2022 17:26:38 UTC
https://www.reuters.com/technology/elon-musk-terminating-twitter-deal-2022-07-08/ [www reuters com] Elon #Musk finally backs out of the deal to purchase #Twitter, citing unresolved questions about #bots and #spammers. > "I'd say Twitter is well-positioned legally to argue that it provided him with all the necessary information and this is a pretext to looking for any excuse to get out of the deal," said Ann Lipton, associate dean for faculty research at Tulane Law School. Now, I don't know whether this person has expertise in contract law and has read the agreement, so I cannot guess as to the result of the legal battle that will come out of this. > In a filing, Musk's lawyers said Twitter had failed or refused to respond to multiple requests for information on fake or spam accounts on the platform, which is fundamental to the company's business performance. > "Twitter is in material breach of multiple provisions of that Agreement, appears to have made false and misleading representations upon which Mr. Musk relied when entering into the Merger Agreement," the filing said.
lnxw48a1: https://www.independent.co.uk/tech/twitter-elon-musk-buy-company-b2064819.html [www independent co uk] #Twitter may be ready to accept #Musk's offer
lnxw48a1's status on Monday, 25-Apr-2022 18:22:27 UTC
https://www.independent.co.uk/tech/twitter-elon-musk-buy-company-b2064819.html [www independent co uk] #Twitter may be ready to accept #Musk's offer
lnxw48a1: Elon #Musk not joining #Twitter's board after all. https://nu.federati.net/url/285820 [www msnbc com] I suspect it is because they reminded him that as a board member, he would have a fiduciary duty to act in the interests of all shareholders, not just himself, and that he could face restrictions on what he could say & write. Sure, the 14.9% cap probably also bugs him. I just don't think that was enough to dissuade him. While the fiduciary duty is something he may have had trouble with in the past.
lnxw48a1's status on Monday, 11-Apr-2022 21:23:00 UTC
Elon #Musk not joining #Twitter's board after all. https://nu.federati.net/url/285820 [www msnbc com] I suspect it is because they reminded him that as a board member, he would have a fiduciary duty to act in the interests of all shareholders, not just himself, and that he could face restrictions on what he could say & write. Sure, the 14.9% cap probably also bugs him. I just don't think that was enough to dissuade him. While the fiduciary duty is something he may have had trouble with in the past.