this post was submitted on 29 Sep 2023
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It should have been obvious before the deal even went through. The regulator position on that was fucked, focusing on "you made an offer, can't back out now!" instead of how bad it would be for a billionaire to take Twitter private.
It was either that or let Musk get away with stock market manipulation. Hard to tell which is worse at this point but I personally think him losing billions of dollars of investor money will hopefully cause then to think twice about giving him money in the future. That is, if Trump loses in 2024.
I have a growing suspicion that the goal was to intentionally delegitimize Twitter to the extent that one of the major social networks becomes an unmitigated misinformation factory - moreso than it was before. That seems like something billionaire investors might be willing to dump some serious cash into.