People have been pondering if Musk is the new biggest Republican media mogul

#Musk #Politics

Elon Musk open to buying SVB and turning it into a digital bank | Latest News | English News | WION - YouTube 

#Musk #Economics

No one buys anything from Twitter, but lots buy from Insta. Why?

Twitter was algo-coded to maximize impressions, which maximizes irrelevance (said Musk). Because if you click on an ad you lose 40% of your impressions total.

"An ad that is highly relevant is content. An ad that is irrelevant is spam"

"As relevant to people's needs as possible."

Is this what it's like for Tech CEOs to work with code developers? Is it just because in this industry the skilled workers are younger than in other industries? Is this a stage in the industry where next year's top wanted developers learn how to work with their director?

Or is there a question about how can you get tech coder workers to become workers who can work with other people? (if they just work alone all the time, have super high demand and so don't need to adjust themselves to their companies, and have high salaries)

#Musk #Twitter

In legacy Big Tech (Facebook, Tesla), the vision means less and there's less premium from the founder, maybe

Bill George said he thinks Zuckerburg might be tired. A year ago he changed the name of the company, which George thought might mean he was abandoning Facebook, and that Zuckerburg should hire a CEO and Zuckerburg could go be chair and chief creative officer in and focus on VR. He's spending $10b per year.

"Someone has to restore [Facebook and Instagram], and if someone doesn't set some standards for the companies (both Musk and Zuckerburg), we're going to have forced regulations, which no one wants."

The founders were seen as 'visionaries'. Not necessarily 'competent CEOs.'

#BigTech #Musk

Is this the best plan to keep an inclusive, pluralistic platform?

#Musk #Twitter

Obama down 300k, Katy Perry down 200k. A Republican congresswoman and Jair Bolsonaro of Brazil went up 100k followers.

They said this was caused by organic changes (left wingers leaving platform, right wingers joining).

#Musk #Twitter

Mark Mahaney of Evercore: "I think Musk is doing something that a lot of investors should do which is that there's a lot of really good tech assets out there that are at very low prices. Yes, Elon Musk offered a 50% premium but it was on a stock that was off 50% since it's highs."

#Musk #BigTech #SocialMedia

I didn't create a new Twitter account. From his first tweet, I didn't feel pulled back for any reason or anything.

Someone wrote: "I’m not worried about the “rich guy who owns #Tesla now owns @Twitter. But I am at least slightly concerned that the guy who owns @neuralink and founded @OpenAI now owns the information graph on 300+ million users."

Perhaps this will shake up social media though, which has been stagnant and widely hated (while being enjoyed) for years and years. We haven't seen any new activity, types of social media, companies, stances toward users and rights, we've just seen new more potent attention-retaining algos like Snapchat and TikTocks viral video streams.

He bought it for $44b (a value of $54.20 per share).

Analyists have said there is no downside to his investment, since the Board has done basically nothing since the 2013 IPO, and unlimited upside.

That he'll attract lots of talent to fix the problems, since everyone wants to work for Musk.

He has said that he wants the most extreme right and extreme left to both be equally unhappy on the platform. That moderates might want to come back.

People don't think Musk will want to be CEO. He has a lot of suits to chose from in his other companies, competent people who will just never become CEO where they are.

Some are saying this will be bad for the Woke movement / people.

Several social media personalities, celebs, athletes expressed they were happy because they'd been shadowbanned or wanted more free speech.

Josh Brown, who left Twitter even though he had a million followers, commented saying big celebrities who've left (Kardashians) aren't coming back. There's no way to bring them back. The bigger your account get the more the experience isn't good. Who wants to open up the app in the morning and see 50 negative things said about them? Some people will stay, people who have very thick skins or basically invite controversy.

Someone tweeted, and Bezos resplied to it, that China may have gained leverage over public discussion, since it can withhold something Tesla needs unless Musk does what it wants on Twitter.

Some have said Don't fool yourself he did it because he sees sure financial gain. This seems unlikely to me. But also reasonable. Some have talked recently about what will happen when Republicans retake the US government. It might happen in 2 years, or in 6, but sometime it will happen. After Biden was elected and Trump was still in office, most BigTech social media, including Twitter, banned President Trump and other Republicans. What do you think will happen to those companies when a Republican is in office again? The actions taken against SM will be at least in name taken for 'freedom of speech.'

Musk may expect this will happen in 2 years, given the unpopularity of Biden. Also, this year is midterms (in November), when all the House faces reelections for their 2-year terms, and lots of the senators. The uncertainty of a midterm year traditionally has a downward effect on markets.

Stock went up 6%. Price per share now is $52.87.

#Musk #SocialMedia

His first tweet after buying it, and a Bezos tweet a little later.

People think he'll make a tender offer. He has to show he has sufficient funds, though. There are no competing offers, so analysts say if he has the money he'll own Twitter.

#Twitter #Musk

Stock rose 25%. It went down a bit in the following days, but is still up significantly.

A few days earlier he engaged with the public on his Twitter, asking about if Twitter respects democracy and stuff and what should be done, and people wondered if he might buy a majority in Twitter for a few billion.

A few days after buying his 10% in stoc, he offered to buy all of Twitter for like $40b or something. It wasn't accepted. News is discussing it.

#Twitter #Information #Economy #Musk #Protest

... after the Ukraine govt contacted him and asked.

It had been planned to happen in 2023.

You need a dish and router to connect, though.

It's been called by some commentators "a perfect situation for this."

Not an individual level solution, but one that can be controlled by governments, apparently. Also one that Ukraine's government would be indebted for getting.

#Musk #Ukraine #Communications #Information