NFR Twitter

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This story is fascinating on so many levels.
Which levels and what's so fascinating about it?

I don't have a twitter account so have never posted. I have read twitter posts when articles linked them. Many of those posts are by people who indicate by what they write that they are, indeed, dumber than a box of rocks. If I were stupid I wouldn't want to display it for all the world to see. I suspect they suffer from the Dunning-Kruger effect and have no idea of just how stupid they are.
 
Which levels and what's so fascinating about it?

I don't have a twitter account so have never posted. I have read twitter posts when articles linked them. Many of those posts are by people who indicate by what they write that they are, indeed, dumber than a box of rocks. If I were stupid I wouldn't want to display it for all the world to see. I suspect they suffer from the Dunning-Kruger effect and have no idea of just how stupid they are.

Twitter invited him to be a member of their board, basically to prevent a hostile takeover, once they realized he was buying up millions of shares, and then he walked away from the offer. He's pretty much proved he can change the trajectory of the company without actually running it. It really is unique and fascinating.
 
Twitter invited him to be a member of their board, basically to prevent a hostile takeover, once they realized he was buying up millions of shares, and then he walked away from the offer. He's pretty much proved he can change the trajectory of the company without actually running it. It really is unique and fascinating.
The Board just cross checked him.
 
“Hostile takeover” LOL. Putin invading Ukraine is a fucking hostile takeover. Someone OFFERING to buy a company cash at a premium price is not a hostile takeover but words don’t matter when you work in the media.
Well...that's actually the legal definition of a "hostile takeover" when referring to buying a public company.

Hostile takeover: "An attempt to purchase a controlling stake in a corporation without the consent of the board of directors of the target company, or else continuing to negotiate with shareholders after the board of directors rejects the bid."
 
Twitter
Where everyone tries to get their 15 minutes of fame in 140 characters...
It's good for following intelligent people or during breaking news events, disasters, and such.
Most of it is garbage, just like Facebook.

It's full of dolts, morons, cretins and fools
I'm sure some are fine tweeters.
;)
 
what levels? i'm curious cause i only see a couple that are compelling.

Which levels and what's so fascinating about it?

This is business/finance, free speech, culture, politics, geo-politics, and raw power all combined into one story.

Twitter is the most powerful website in the world but Musk has taken a shot at the regime. We'll see where it goes but they have my attention.
 
My only beef with Twitter is that they only ban some of the people that I want them to ban. Other than that, it seems OK to me. I don't really use it much though.
 
Well...that's actually the legal definition of a "hostile takeover" when referring to buying a public company.

Hostile takeover: "An attempt to purchase a controlling stake in a corporation without the consent of the board of directors of the target company, or else continuing to negotiate with shareholders after the board of directors rejects the bid."
I stand corrected, I assumed it was some sensational hyperbole considering the image it evokes in my head. I still find it funny. I even wrote it in my diary.
 
Isn't this just the same shtick Musk did in 2018 when he said funding was secured to take Tesla private at $420/share with Saudi buyers? Uses tweets to get market activity to boost price to some inflated target, SEC sues over this, he settles and has to pay a relatively small fine compared to what he made when dumping the stock at the higher price. Nothing goes private, he walks away with the attention he wants, and the SEC gets a minor win from the lawsuit.
So, isn't that known as Market Manipulation? something that's supposed to be illegal under SEC rules ?
 
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So, isn't that known as Market Manipulation? something that's supposed to be illegal under SEC rules ?
Yes, but very difficult to prosecute. Large institutional investors and influential financial figures do it constantly. The crypto world is similar; the owners of huge crypto wallets are able to impact market price. Very large movements in any asset class can ripple throughout a market. It is difficult to factually differentiate between a holder's sincerely held belief about the future value of a financial instrument or their desire to make gains through manipulation of its value.

SEC prosecutions mostly occur when someone with foreknowledge of a large transaction (like an employed CFA) uses such information to position transactions for insider gains and/or lies to a federal SEC investigator about their actions. Lying to a state or federal investigator is an automatic slamdunk felony. Only a dope doesn't know investigators (or attorneys in general) don't tend to ask questions for which they don't already know the answers.

Simply put; the financial pissants get caught and the big boys walk free. So what else is new?

I suspect that new (and very broad) crypto question on this year's tax form will generate quite a few serious pissant IRS prosecutions in the coming years as crypto rubes attempt to sophistry their way out of truthfully answering a very straightforward question that will easily be flagged for future review. 😃
 
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This is business/finance, free speech, culre, politics, geo-politics, and raw power all combined into one story.

Twitter is the most powerful website in the world but Musk has taken a shot at the regime. We'll see where it goes but they have my attention.
for me there's two interesting things, without which none of the other elements you mention would be extraordinary.

1. free speech. the censorship is applied inconsistently and with bias.

2. driving this from beneath the surface is the reality that our laws don't get enforced upon those in power. i doubt twitter has a soul and really wants to be a censor. but the reality in our society is that criminal justice won't hold a radical inciter of violence to account if it isn't politically convenient; but civil "justice" will hold twitter to account for what that person says on their platform, and how readers behave in response - so they take matters into their own hands to protect themselves. undoubtedly, they do so with bias and are selective. still, i think the real driver is that we just have so many meaningful laws that aren't enforced - especially on the rich and powerful.

truly, it would be fascinating to see how musk would cope if twitter were his own private possession and he alone was at the receiving end of all of the civil and potentially criminal charges that would come his way should he let every radical propogandist run wild on twitter in the name of free speech. it really is not a simple problem. he's a smart guy, maybe he can figure it out.
 
I stand corrected, I assumed it was some sensational hyperbole considering the image it evokes in my head. I still find it funny. I even wrote it in my diary.
I figured that was the case, thus my just providing the fact.
Believe me, sensationalist hyperbole is a serious pet peeve of mine, regardless of who's employing it
 
Twitter
Where everyone tries to get their 15 minutes of fame in 140 characters...
It's good for following intelligent people or during breaking news events, disasters, and such.
Most of it is garbage, just like Facebook.

It's full of dolts, morons, cretins and fools
I'm sure some are fine tweeters.
;)
Add Tic Tok to that category
 
How I picture Swimmy starting these threads

View attachment 11766


all good though, I have enjoyed our off topic banter and civil discourse on the forum so far.
I use Facebook for all my uncivil discord. I get banned for a few days at a time regularly.

Apparently you cannot sat Putin needs to be arrested, tried and publicly hanged.. :)

I am all for Musk buying Twitter. He couldn't possibly make it worse.
 
Twitter is the most powerful website in the world
I find this disheartening. So the most powerful website in the world is where the stupid and some potentially normal people go to post, in 140 characters or less, and display their ignorance and general lack of intelligence and critical thinking skills to the world. I never would have dreamed it could be possible to invent a venue where masses of humans would pay (though advertising) to put their ignorance on display and that such a venue would indeed be successful. I should be paying more attention to that axiom that says you'll never go wrong underestimating the intelligence of humans. JFC.
 
I find this disheartening. So the most powerful website in the world is where the stupid and some potentially normal people go to post, in 140 characters or less, and display their ignorance and general lack of intelligence and critical thinking skills to the world. I never would have dreamed it could be possible to invent a venue where masses of humans would pay (though advertising) to put their ignorance on display and that such a venue would indeed be successful. I should be paying more attention to that axiom that says you'll never go wrong underestimating the intelligence of humans. JFC.
That's one aspect of it. But if you stick to following official accounts vs peoples personal bullshit, it's a powerful way to get instant news updates for any number of topics. From things like sports to investments, etc. It's been very useful for me, but I don't pay attention to anyone's personal drivel.
 
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I find this disheartening. So the most powerful website in the world is where the stupid and some potentially normal people go to post, in 140 characters or less, and display their ignorance and general lack of intelligence and critical thinking skills to the world. I never would have dreamed it could be possible to invent a venue where masses of humans would pay (though advertising) to put their ignorance on display and that such a venue would indeed be successful. I should be paying more attention to that axiom that says you'll never go wrong underestimating the intelligence of humans. JFC.

A megaphone doesn't guarantee the person speaking into it is smart or saying positive intelligent things. It does however guarantee they are heard. That is a form of power. Power unearned is generally always abused.
 
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