Jack Dorsey posts Radiohead song in opening response to Elon Musk buying social network
Twitter's top lawyer, who angered conservatives with her past decisions about moderating content responds
Tesla shares plunge 12% as investors wary of Elon Musk's Twitter plan
Mahi Sall, Advisor, Fintech-Bank Partnerships, Payments and Financial Inclusivity
January 25th, 2023
Mahi Sall is the CEO & Founder of FinXpair, a Berlin-based strategic advisory boutique firm focu[...]
Musk’s Twitter acquisition: Reactions and what you need to know
NME | Elizabeth Aubrey | Apr 26, 2022
Jack Dorsey posts Radiohead song in opening response to Elon Musk buying social network
Twitter co-founder Jack Dorsey has commented on Elon Musk’s purchase of the social media platform – by sharing a Radiohead song Kid A’ track, ‘Everything In Its Right Place.’ The Tesla founder and entrepreneur successfully acquired the social media platform yesterday (April 25) for approximately $44billion (£34.5b).
He then added:
I love Twitter. Twitter is the closest thing we have to a global consciousness. Twitter as a company has always been my sole issue and my biggest regret. It has been owned by Wall Street and the ad model. Taking it back from Wall Street is the correct first step,” he continued.
See:
Elon Musk becomes Twitter’s largest shareholder at 9.2%. What tweet’s next?
Twitter’s board adopts ‘poison pill’ as Elon Musk vows $0 salary for board
In principle, I don’t believe anyone should own or run Twitter. It wants to be a public good at a protocol level, not a company. Solving for the problem of it being a company however, Elon is the singular solution I trust. I trust his mission to extend the light of consciousness. Elon’s goal of creating a platform that is “maximally trusted and broadly inclusive” is the right one. This is also Paraga’s goal, and why I chose him. Thank you both for getting the company out of an impossible situation. This is the right path…I believe it with all my heart.
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Business Insider | | Apr 26, 2022
Twitter's top lawyer, who angered conservatives with her past decisions about moderating content responds
Twitter's top attorney and a key voice in decisions such as barring President Donald Trump and is said to have played a large role in content moderation at Twitter. She also advised former CEO Jack Dorsey and helped negotiate the deal between Musk and Twitter.
On Monday, Gadde met virtually with employees she supervises in legal and policy to discuss the buy:
"[she] acknowledged that there are significant uncertainties about what the company will look like under Musk's leadership."
See: Scott Galloway: Umpires, Not Kings
Musk has remained bullish on free speech, tweeting on Tuesday that the platform shouldn't moderate anything that isn't against the law. Twitter's policies extend far beyond that, penalizing certain content that spreads coronavirus-related misinformation, as well as various types of hate speech.
Former employees have said that they don't feel Musk's ethos matches the company's values (though Dorsey has embraced the buy). "Any sense that an exodus is building is correct," a former Twitter employee told Insider on Tuesday.
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CBC News | Pete Evans | Apr 26, 2022
Tesla shares plunge 12% as investors wary of Elon Musk's Twitter plan
The value of Tesla fell by more than $100 billion US on Tuesday as investors digested news that the company's CEO may have to sell part of his stake in the company to buy Twitter — and will likely be distracted from his day job while he does.
Shares in the electric car maker lost 12 per cent of their value to close at $876.42 on the Nasdaq on Tuesday, down by more than $120 US from Monday's level and the worst one-day showing for the company since January.
While Tesla shares have been on a tear along with Elon Musk and his rising fame in recent years, they've lost almost a quarter of their value since their CEO's dalliance with Twitter first came to light earlier this month.
See: Tesla Sold Some Bitcoins
Musk owns more than 173 million shares in Tesla, about one-sixth of the electric car maker company which has a market value of just shy of $1 trillion US after Tuesday's fall. His Tesla stake is valued at more than $150 billion US, a big part of what makes Musk the richest person in the world, but he has used about $60 billion worth of his Tesla shares as collateral for loans.
Since Musk's minority stake in Twitter was revealed earlier this month, the dollar value of Musk's stake in Tesla has declined by more than what he has offered to pay for the social media company.
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Independent UK | | Apr 26, 2022
Marvel star Simu Liu divides fans after criticizing Musk’s Buyout of Twitter
Reacting to the news that the Tesla titan had bought Twitter on Monday, Liu tweeted:
“Was there nothing better to do with 44 billion dollars?”
The Shang-Chi and the Legend of the Ten Rings actor’s tweet drew mixed reactions from his followers.
In agreement with Liu, YouTuber Matt Mcmuscles commented under his post:
“Solving world hunger several times over would have been nice”, referencing Musk’s tweet on 1 November 2021 about selling Tesla stock to “solve world hunger”.
See: With SpaceX’s first astronaut launch, a new era of human spaceflight has dawned
Others replying to Liu suggested that Musk’s money would be better spent on “building homes for the homeless” and addressing “pressing global problems like hunger and climate chaos” on Liu’s post from Monday.
At the same time, a separate group of Twitter users criticised the actor for questioning how Musk chooses to spend his fortune.
Continue to the full article --> here
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