I don’t want Elon Musk to acquire Twitter because I don’t like his idea of free speech. Twitter, which adopted a ‘poison pill strategy’, may just be bargaining on the other hand:
Rosen calls out the weird thread by @Yishan that, to me, failed to acknowledge the responsibility of social media platforms in placing the lies increasingly typical of conservative politics on the same footing as pro-democracy writing, and undermining the value of public dialogue.
What might Twitter be like under Musk? His ‘Pravda’ idea comes to mind:
While Elon Musk is trying to buy Twitter Inc., he’s no longer the company’s largest shareholder.
Funds held by Vanguard Group recently upped their stake in the social-media platform, making the asset manager Twitter’s largest shareholder and bumping Mr. Musk out of the top spot.
Vanguard disclosed on April 8 that it now owns 82.4 million shares of Twitter, or 10.3% of the company, according to the most recent publicly available filings with the U.S. Securities and Exchange Commission.
Ultimately, this is what we’re hanging on right now:
Still I imagine that Twitter’s bankers at Goldman Sachs will sit down with Musk’s bankers at Morgan Stanley and Goldman will say “so uh where’s the financing coming from” and Morgan Stanley will say “oh the financing is in this can” and hand Goldman a can and Goldman will open the can and a bunch of fake snakes will pop out. “AAAHHH,” Goldman will scream, and then they will chuckle and say “oh Elon, you got us again” and everyone will have a good laugh. Because, again, uniquely among public-company CEOs, Elon Musk has in the past pretended he was going to take a public company private with pretend financing! I am not saying that he’s joking now; I am just saying he’s the only person who has ever made this particular joke in the past.