this post was submitted on 28 Jul 2023
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424
Twitter under fire for reinstating account that posted child sex abuse (www.washingtonpost.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Twitter under fire for reinstating account that posted child sex abuse::undefined

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[–] [email protected] 29 points 1 year ago (3 children)

He's not impervious to criticism, he just thinks that he is. Massive negative press following massive negative press about his handling of the company and the loss of revenue is not going to make his shareholders happy, which is really what all he'd care about.

[–] [email protected] 21 points 1 year ago (3 children)

For Twitter at least, he doesn't have shareholders. He has investors, many of whom would like nothing more than for Twitter to die so that their citizens can't use it to coordinate political action against their regime.

[–] [email protected] 15 points 1 year ago (1 children)

Only 7.1 billion out of 44 billion is from outside investments. The remaining ~36 billion was paid by Musk.

People need to stop with the conspiracies. Musk isn't playing 4d chess by tanking Twitter, he's just an idiot.

[–] [email protected] 11 points 1 year ago

33 Billion was equity. $13 Billion was loans.

Musk's contribution is close to $25 Billion and likely puts him at 60%+ majority control of shares.

[–] [email protected] 4 points 1 year ago

can't use it to coordinate political action against their regime.

That ship sailed a while back when Elon was forced to buy Twitter. Let it burn.

[–] [email protected] 3 points 1 year ago (1 children)

What's the point of their investments then?

[–] [email protected] 1 points 1 year ago

Control over one of the biggest "news" sites in the world probably.

[–] [email protected] 11 points 1 year ago* (last edited 1 year ago)

3 of the main investors of musk's twitter are Marc Andreessen, Changpeng Zhao (ceo of binance) and Prince Al Waleed (saudi royalty).

[–] [email protected] 3 points 1 year ago (1 children)

Elon Musk is the biggest shareholder of Twitter and Tesla.

[–] [email protected] 1 points 1 year ago

Biggest idiot of both as well.