ness31 wrote:So when they say he’s going to take it private, what does that mean? Wasn’t it already privately owned? It wasn’t publicly owned…or is he just getting rid of shareholders ?
It means it's coming off the stock exchange, it will no longer be publicly traded - there will no longer be a CEO with a board of directors or shareholders. All shareholders are gonna get liquidated. It will just be Twitter and Musk.
Musk did joke he would buy twitter just to shut it down so that teen tracking his jet in real time can't do it anymore. (he can't ban him because Musk is a free speech absolutist). So it's quite possible twitter will be deleted. The truth is musk has hundreds of billions to simply burn and he's a shitlord so I wouldn't put it past him.
Sure twitter is a powerful media platform-perhaps the most powerful media platform in the English speaking world. But Musk is even more powerful. He might just be exhibiting his power level.
Also, Musk buys Twitter and the White House immediately announces revamping Section 230, the law that regulates social media platforms' liability.https://www.reuters.com/technology/whit ... 022-04-25/
Truly tickles the almonds. Shows you who controlled the narrative on this platform. I hope he makes twitters former censorship regime public. I want to see the point where they started serving the DNC.