Bitcoin Forum
May 27, 2024, 07:03:11 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 [6]  All
  Print  
Author Topic: Why exactly did Elon want to buy Twitter?  (Read 966 times)
steve5946
Copper Member
Jr. Member
*
Offline Offline

Activity: 139
Merit: 4

Professional virtual assistant and writer


View Profile
November 07, 2022, 10:56:32 AM
Last edit: November 07, 2022, 11:50:19 AM by steve5946
 #101

Well, when people say it's not about the money that he bought on Twitter, it's hard to believe. We shouldn't forget that no matter how rich we human beings are, we are still bound to want more.

Also, I think its also about making Twitter uncensored which he's currently doing now. Nowadays Twitter is becoming a platform for free speech around the globe.
tiCeR
Hero Member
*****
Offline Offline

Activity: 1736
Merit: 750



View Profile
November 07, 2022, 12:09:07 PM
Merited by fillippone (2)
 #102

Social media has now become so ingrained in our lives that we depend on it for our expressing our ideas and in principle our thinking. 
It doesn't have to be that way, you know.  I suspect if you think we're all dependent on social media, you're probably either under 30 years old or someone who needs it as part of how they make their living.  Using platforms like Twitter, Facebook, and all the other social media sites is a choice (for the most part), and I can tell you that I'm perfectly happy not using any of them.  I don't think bitcointalk counts as social media, but if it does then it's my one guilty pleasure.

Taking Twitter private is the best way to ensure that our freedoms last into the new digital age.  I think Elon bought Twitter so he could see these changes happen and he knew it would cost him 44 billion dollars to make it happen.
I have a hard time taking anything I read in the news (or from Elon Musk) at face value.  You might be correct, but as I said previously when an ultra-wealthy individual purchases some sort of media outlet, it's usually because they want to control the flow of information.  I don't use Twitter, but I'm damn curious as to how it's going to look 6 months to a year from now.  Maybe by then we'll see if the reasons Musk gave are true or if he had another agenda.

This is an incomplete list of billionaires owning important media. Musk has reacted outrageously various times over the last couple of weeks and months. He has been an interesting guy to me for a while and his entrepreneurial success is crazy, no doubt. But is the way he achieved success a great way? He has been brutal and he often has been lying.

Here he calls one of the Thai cave rescuers a pedo. I really wonder if someone who loses control over his wording in such a way is the right person to judge in the future what can be said on his Twitter platform and what can't be.

He is also dominating space with his satellites and some sources state that it is close to impossible to compete with him because in that sphere around planet Earth there is only so much space for satellites to be placed. He already "owns" the majority of it. So how far is that guy going to go?

One real problem I see is that with so much power, most people can't keep themselves under control even if they wanted to. He can implicitly blackmail authorities who are dependent on the satellites like NASA and the Pentagon. He is polarizing so hard, and I am not against polarization per se because sometimes that is a helpful tool to get hurt, but I feel he is crossing many lines at that is a type of polarization our society doesn't need. If the guy stays healthy, he has tens and tens of years to increase his empire and exert more and more pressure. Doesn't feel right to me.

Another quote:

"But by April, Mr. Musk made it clear that his help would go only so far. On Twitter, he said that as a “free speech absolutist,” he would not use Starlink to block Russian state media outlets that spread propaganda and misinformation on the war in Ukraine."

Allowing for spreading misinformation specifically, like proven misinformation: is this guy bipolar?

.
.DuelbitsSPORTS.
▄▄▄███████▄▄▄
▄▄█████████████████▄▄
▄██████████████████████▄
██████████████████████████
███████████████████████████
██████████████████████████████
██████████████████████████████
█████████████████████████████
███████████████████████████
█████████████████████████
▀████████████████████████
▀▀███████████████████
██████████████████████████████
██
██
██
██

██
██
██
██

██
██
██
████████▄▄▄▄██▄▄▄██
███▄█▀▄▄▀███▄█████
█████████████▀▀▀██
██▀ ▀██████████████████
███▄███████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
███████████████████████
▀█████████████████████▀
▀▀███████████████▀▀
▀▀▀▀█▀▀▀▀
OFFICIAL EUROPEAN
BETTING PARTNER OF
ASTON VILLA FC
██
██
██
██

██
██
██
██

██
██
██
10%   CASHBACK   
          100%   MULTICHARGER   
Peanutswar
Legendary
*
Offline Offline

Activity: 1554
Merit: 1081


Top Crypto Casino


View Profile WWW
November 07, 2022, 02:01:55 PM
 #103

For sure additional assets for Elon we know how big the Twitter is and also there's a chance another manipulation by this man so one of the biggest news spreading right now is with the payment of having a verified account we know the algorithm of it that's make the legit user but right now is you need to pay at least 8 dollars per month that could he a possible source of income and waiting for the profit also good thing remove the scammers with verified.

█████████████████████████
████▐██▄█████████████████
████▐██████▄▄▄███████████
████▐████▄█████▄▄████████
████▐█████▀▀▀▀▀███▄██████
████▐███▀████████████████
████▐█████████▄█████▌████
████▐██▌█████▀██████▌████
████▐██████████▀████▌████
█████▀███▄█████▄███▀█████
███████▀█████████▀███████
██████████▀███▀██████████
█████████████████████████
.
BC.GAME
▄▄░░░▄▀▀▄████████
▄▄▄
██████████████
█████░░▄▄▄▄████████
▄▄▄▄▄▄▄▄▄██▄██████▄▄▄▄████
▄███▄█▄▄██████████▄████▄████
███████████████████████████▀███
▀████▄██▄██▄░░░░▄████████████
▀▀▀█████▄▄▄███████████▀██
███████████████████▀██
███████████████████▄██
▄███████████████████▄██
█████████████████████▀██
██████████████████████▄
.
..CASINO....SPORTS....RACING..
█░░░░░░█░░░░░░█
▀███▀░░▀███▀░░▀███▀
▀░▀░░░░▀░▀░░░░▀░▀
░░░░░░░░░░░░
▀██████████
░░░░░███░░░░
░░█░░░███▄█░░░
░░██▌░░███░▀░░██▌
░█░██░░███░░░█░██
░█▀▀▀█▌░███░░█▀▀▀█▌
▄█▄░░░██▄███▄█▄░░▄██▄
▄███▄
░░░░▀██▄▀


▄▄████▄▄
▄███▀▀███▄
██████████
▀███▄░▄██▀
▄▄████▄▄░▀█▀▄██▀▄▄████▄▄
▄███▀▀▀████▄▄██▀▄███▀▀███▄
███████▄▄▀▀████▄▄▀▀███████
▀███▄▄███▀░░░▀▀████▄▄▄███▀
▀▀████▀▀████████▀▀████▀▀
Minecache
Legendary
*
Offline Offline

Activity: 2212
Merit: 1024


Vave.com - Crypto Casino


View Profile
November 07, 2022, 03:51:59 PM
 #104

Seems it’s official. However I am puzzled as to why he bought it in the first place.

For one he overpaid for it because looking at tech stocks like Facebook, it’s value would be probably less than $20 a share compared to the $54.20 he paid for it. So he really must have a big interest in it.

Anyone know why? Is it because they banned Trumps account? Is it because it’s censored too much and he wants it to be more decentralized ?
The reason Elon Musk bought Twitter is not so important, the reason is childish and borne of greed. He wanted to control more things, especially a communication platform, and Twitter could only be his reasonable target as Facebook and top others would never sell their platforms to him.

This started as a play thinking Twitter would not take him seriously, but the opposite was the case as they dared him into action. And perhaps, maybe because of shame and ego, he proceeded before trying to make a U-turn giving excuses as if it was child's play. Yet Twitter took him accountable.

I knew he would never win in court!

You are describing him as more like a child than an adult, it seems you don't like him. I'm not his fan either but I can only say I admire him because he's talented. Although he sometimes acts crazy on social media, there is no denying the success he has achieved and I wonder if you or I or anyone did it as he did. The fact that he bought Twitter is not a joke or shame, he is not that stupid and 44 billion is not a small amount to play with. You will be willing to spend 44 billion to buy something that does not bring you benefits?

Flexystar
Full Member
***
Offline Offline

Activity: 1092
Merit: 227



View Profile
November 07, 2022, 06:01:03 PM
 #105

Why not, dude carries billions of dollars and the money flow is riding his way all the time. Just now discussed that he might be plotting Twitter and Doge games together so that he could turn his DOGE into good fortune one more time. There is high chance of this after his monetisation announcement on the Twitter. He even started the Apple collaboration associated with blue tick profiles.

You see, it’s all about business for him. Everything that happens on the Twitter henceforth would be paid stuff and Elon will be benefited all the time.
serjent05
Legendary
*
Offline Offline

Activity: 2856
Merit: 1255


View Profile
November 07, 2022, 07:27:53 PM
 #106

Anyone know why? Is it because they banned Trumps account? Is it because it’s censored too much and he wants it to be more decentralized ?

There is an article that states the reason why Elong buy Twitter.  He said that it is for the love of humanity that he bought Twitter.  He said he bought the firm, not because of money but to help humanity whom he loves.[1]  Now I wonder if Elon has a plan to run for the presidency in the next election because his statement is somehow often stated by politicians.




[1] https://www.bbc.com/news/business-63408384
Smartvirus
Legendary
*
Offline Offline

Activity: 1442
Merit: 1124


View Profile
November 07, 2022, 08:27:42 PM
 #107

Elon Musk spends a lot of time on social media and it was high time he actually owns one. Maybe it is as he claims, for his love for humanity, after all, his project Mars is based on saving humanity from eminent danger from climate change and other catastrophies that is projected to hit the earth and make he gets to make a lot of money out of that too. Or
Elon probably bought twitter just to add to his investments. He might have over paid but still, its an investment and on that is sure to yield some good profits in the long run. Twitter have been around for so long and promiscuous still.
Pages: « 1 2 3 4 5 [6]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!