Musk says "Go f**k yourselves" to advertisers

[Northern Socialist Council Republics]

Society does not have the manpower to do so.
Just look - whenever there is a terrorist attack, 9 times out of 10 the supects were already in scope of the police/intelligence/etc.
But they lack the manpower and resources to actually do something. And probably never will.

If they made "attempting to join ISIS" a crime, punishable by a life sentence, they could've put away a lot of people who are prone to being radicalized into violence.

You have literally just been told, in that very post which you are quoting, that the police does not have the resources to enforce this.

[Sordhau]

Iffy's question was "what ethnic groups does Socialism call for the destruction of"...

That was Vass, not me.

My mistake. I only woke up a few hours ago.

[The Rich Port]

In which ways?

More intrusive advertising, features being pay-walled, puritanical efforts at sanitisation.

Not to mention the banning of opposing "woke" viewpoints in favor of the Nazis, which nobody who is arguing for Musk taking Twitter over has a problem with.

[Port Caverton]

More intrusive advertising, features being pay-walled, puritanical efforts at sanitisation.

Not to mention the banning of opposing "woke" viewpoints in favor of the Nazis, which nobody who is arguing for Musk taking Twitter over has a problem with.

I mean considering Vass pointed out that someone got Gigajannied over stating that AIDS was bad and a lot of right-wingers where publicly celebrating Musk buying Twitter I don't think much will change lol

[Prima Scriptura]

I’m starting to think that Elon bought Twitter to burn it to the ground.

[The Rich Port]

Not to mention the banning of opposing "woke" viewpoints in favor of the Nazis, which nobody who is arguing for Musk taking Twitter over has a problem with.

I mean considering Vass pointed out that someone got Gigajannied over stating that AIDS was bad and a lot of right-wingers where publicly celebrating Musk buying Twitter I don't think much will change lol

My money is on Musk doing absolutely nothing and people still celebrating him as... Whatever the fuck he's supposed to be.

A man with bad taste in women?

[Picairn]

Musk told banks he will rein in Twitter pay, make money from tweets, sources say

April 28 (Reuters) - Elon Musk told banks that agreed to help fund his $44 billion acquisition of Twitter Inc (TWTR.N) that he could crack down on executive and board pay at the social media company in a push to slash costs, and would develop new ways to monetize tweets, three people familiar with the matter said.

Musk made the pitch to the lenders as he tried to secure debt for the buyout days after submitting his offer to Twitter on April 14, the sources said. His submission of bank commitments on April 21 were key to Twitter's board accepting his "best and final" offer.

Musk had to convince the banks that Twitter produced enough cash flow to service the debt he sought. In the end, he clinched $13 billion in loans secured against Twitter and a $12.5 billion margin loan tied to his Tesla (TSLA.O) stock. He agreed to pay for the remainder of the consideration with his own cash.

Musk's pitch to the banks constituted his vision rather than firm commitments, the sources said, and the exact cost cuts he will pursue once he owns Twitter remain unclear. The plan he outlined to banks was thin on detail, the sources added.

Musk has tweeted about eliminating the salaries of Twitter's board directors, which he said could result in about $3 million in cost savings. Twitter's stock-based compensation for the 12 months ending Dec. 31, 2021 was $630 million, a 33% increase from 2020, corporate filings show.

In his pitch to the banks, Musk also pointed to Twitter's gross margin, which is much lower than peers such as Meta Platform Inc's (FB.O) Facebook and Pinterest (PINS.N), arguing this leaves plenty of space to run the company in a more cost-efficient way. The sources requested anonymity because the matter is confidential. A Musk representative declined to comment.

Bloomberg News reported earlier on Thursday that Musk specifically mentioned job cuts as part of his pitch to the banks. One of the sources said that Musk will not make decisions on job cuts until he assumes ownership of the company later this year. He went ahead with the acquisition without having access to confidential details on the company's financial performance and headcount.

Musk told the banks he also plans to develop features to grow business revenue, including new ways to make money out of tweets that contain important information or go viral, the sources said.

Ideas he brought up included charging a fee when a third-party website wants to quote or embed a tweet from verified individuals or organizations.

In a tweet earlier this month he subsequently deleted, Musk suggested a raft of changes to the social media giant's Twitter Blue premium subscription service, including slashing its price, banning advertising and giving an option to pay in the cryptocurrency dogecoin. Twitter's premium Blue service now costs $2.99 a month.

In another tweet he deleted, Musk said he wants to reduced Twitter's dependence on advertising for much of its revenue.

Musk, whose net worth is pegged by Forbes at $246 billion, has indicated he will support the banks in marketing the syndicated debt to investors, and that he may unveil more details of his business plan for Twitter then, the sources said.

Musk has also lined a up a new chief executive for Twitter, one of the sources added, declining to name the identity of that person.
The Tesla Inc (TSLA.O) chief executive also told the banks he will seek moderation policies on the social media platform that are as free as possible within the legal constraints of each jurisdiction Twitter operates, the sources said, a position that Musk has repeated publicly.

The $13 billion Twitter loan is equivalent to seven times Twitter's 2022 projected earnings before interest, taxes, depreciation and amortization. This was too risky for some banks who decided to participate only in the margin loan, the sources said.

Another reason some banks opted out is because they feared Musk's unpredictability could result in an exodus of talent from Twitter, harming its business, according to the sources.

A Twitter spokesperson did not respond to a request for comment.

[Ifreann]

More intrusive advertising, features being pay-walled, puritanical efforts at sanitisation.

1) I mean well yeah fair enough
2) Fyi Twitter Blue exists

Features people care about being pay-walled. I don't think anyone cares about Twitter Blue.

3) what sanitation? I don't think Musk's IQ is low enough for him to go the same way as Tumblr

Musk thinks underground tunnels can't be affected by surface weather conditions.

[Ifreann]

I saw it pointed out that Musk's claims of wanting to allow all legal speech on Twitter and also to remove the spambots are contradictory. Spambots are legal speech. If Musk is the free speech absolutist he is held up as being then he should support someone using bots to create thousands of Twitter accounts to do nothing reply to all of his posts with that picture of a pig shitting on his own balls.

[Hukhalia]

Why?

Same reason we need to squelch the nazi's. The Ideology is evil. No reason to debate it it seems.

Seriously Iffy, by now you should have figured out my position on this. I am not quite a free speech absolutist, but pretty damm close.

If we are censoring viewpoints we don't like, socialism and communism have to go as well as naziism an fascism

socialism and communism are inherently emancipatory movements and they should not just be allowed but empowered to the highest possible degree

[Ethel mermania]

Same reason we need to squelch the nazi's. The Ideology is evil. No reason to debate it it seems.

Seriously Iffy, by now you should have figured out my position on this. I am not quite a free speech absolutist, but pretty damm close.

If we are censoring viewpoints we don't like, socialism and communism have to go as well as naziism an fascism

socialism and communism are inherently emancipatory movements and they should not just be allowed but empowered to the highest possible degree

Both ideologies have revolutionary bloodshed by definition. We shoot nazis, we need to shoot commies, to bad for you if you are in either group

[Hukhalia]

socialism and communism are inherently emancipatory movements and they should not just be allowed but empowered to the highest possible degree

Both ideologies have revolutionary bloodshed by definition. We shoot nazis, we need to shoot commies, to bad for you if you are in either group

i feel like considering the amount of abject state and non-state violence, implicit or explicit, has been used to keep literally any industrial society in line, i'm not sure why that's a concern. revolutionary violence only scares people who live outside of capitalism's immediate firing range -- a net that's growing wider day by day. the big issue for me is that nazism is "oh yeah here are entire sections of society we need to remove due to immutable characteristics" and for some reason marxist philosophy is put on par with this

[Ethel mermania]

Both ideologies have revolutionary bloodshed by definition. We shoot nazis, we need to shoot commies, to bad for you if you are in either group

i feel like considering the amount of abject state and non-state violence, implicit or explicit, has been used to keep literally any industrial society in line, i'm not sure why that's a concern. revolutionary violence only scares people who live outside of capitalism's immediate firing range -- a net that's growing wider day by day. the big issue for me is that nazism is "oh yeah here are entire sections of society we need to remove due to immutable characteristics" and for some reason marxist philosophy is put on par with this

Covered the threadjack that this becomes two pages ago. Iffy and others argue your position quite well, Not repeating it.

[Forsher]

Musk told banks he will rein in Twitter pay, make money from tweets, sources say

In his pitch to the banks, Musk also pointed to Twitter's gross margin, which is much lower than peers such as Meta Platform Inc's (FB.O) Facebook and Pinterest (PINS.N), arguing this leaves plenty of space to run the company in a more cost-efficient way. The sources requested anonymity because the matter is confidential. A Musk representative declined to comment.

Pinterest may sorta be a peer to Twitter but Facebook certainly isn't. Twitter isn't about networks of IRLs whereas Facebook is.

Anyway, the suspicion Musk might back down because he has to sell stock seems to have been proven wrong:

https://www.bbc.com/news/business-61255092

[The Rich Port]

Musk told banks he will rein in Twitter pay, make money from tweets, sources say

Pinterest may sorta be a peer to Twitter but Facebook certainly isn't. Twitter isn't about networks of IRLs whereas Facebook is.

Anyway, the suspicion Musk might back down because he has to sell stock seems to have been proven wrong:

https://www.bbc.com/news/business-61255092

He's obviously using Tesla as collateral... I have no idea why he's selling shares in Tesla for Twitter shares though.

Tesla is actually a tangible company with tangible products and it's own products while Twitter is a glorified billboard.

[Senkaku]

socialism and communism are inherently emancipatory movements and they should not just be allowed but empowered to the highest possible degree

Both ideologies have revolutionary bloodshed by definition. We shoot nazis, we need to shoot commies, to bad for you if you are in either group

Explain what about Nazi ideologically-driven violence is "revolutionary" in any sense

[Senkaku]

I’m starting to think that Elon bought Twitter to burn it to the ground.

Either that or one of the worst cases of not looking before you leap in the history of capitalism lol

[HISPIDA]

I’m starting to think that Elon bought Twitter to burn it to the ground.

"thank you, elon. perhaps i was too harsh on you"

[HISPIDA]

Both ideologies have revolutionary bloodshed by definition. We shoot nazis, we need to shoot commies, to bad for you if you are in either group

Explain what about Nazi ideologically-driven violence is "revolutionary" in any sense

i mean... revolution is explicitly part of not just nazi but fascist ideology in general

fascism seeks a revolution against a world order they see as outdated and decadent, corrupted by hostile forces

fascists see world war 1 as the beginning phases of said revolution and the end of the distinction between the civilian, military, and state

[Senkaku]

fascism seeks a revolution against a world order they see as outdated and decadent, corrupted by hostile forces

fascists see world war 1 as the beginning phases of said revolution and the end of the distinction between the civilian, military, and state

Is calling what you want a "revolution" really all you have to do to be a revolutionary? Do we have an example from actually-existing-fascism, in Germany or Iberia or Italy, of a social revolution? Because all I really see are factional realignments and purges within a capitalist class that still mostly held onto the reins of economic and social power and began to integrate itself into a new autocratic structure-- a winnowing, not an overturn

(we can move to the hot takes thread or something lol)

[Vassenor]

socialism and communism are inherently emancipatory movements and they should not just be allowed but empowered to the highest possible degree

Both ideologies have revolutionary bloodshed by definition. We shoot nazis, we need to shoot commies, to bad for you if you are in either group

So we're still on the BOTHSAME then.

[Prima Scriptura]

I’m starting to think that Elon bought Twitter to burn it to the ground.

"thank you, elon. perhaps i was too harsh on you"

But You want to burn everything to the ground though

[HISPIDA]

"thank you, elon. perhaps i was too harsh on you"

But You want to burn everything to the ground though

critical support, comrade. critical support

[Hamidiye]

I’m starting to think that Elon bought Twitter to burn it to the ground.

hm... ok, lets hold of on shooting the bastard until after he's done with that.

[Washington Resistance Army]

socialism and communism are inherently emancipatory movements and they should not just be allowed but empowered to the highest possible degree

Both ideologies have revolutionary bloodshed by definition. We shoot nazis, we need to shoot commies, to bad for you if you are in either group

We absolutely do not shoot Nazis, we let them run for elections and freely spread their ideas.