Elon f*cks Twitter

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So sad.

When Elon Musk bought Twitter and renamed it X, he didn’t do it alone. Though the billionaire tapped his vast wealth to cover the lion’s share of the $44 billion purchase price in 2022, he also relied on bank loans and a long list of investors, the full extent of which was only recently revealed.

At the time, analysts marveled at Musk’s ability to attract dozens of enthusiastic partners. Saudi Prince Alwaleed bin Talal, who rolled nearly $2 billion in Twitter stock held by himself and a Saudi holding company into the private deal, tweeted at Musk: “I believe you will be an excellent leader for @Twitter to propel & maximise its great potential.”

Two years later, Alwaleed says he is still happy with his investment. But to others, the deal looks significantly less appealing. Under Musk, X’s valuation has cratered – as Musk has acknowledged – leaving it worth as little as half what he paid.
Among top investors, [Twitter co-founder and former CEO Jack] Dorsey – whose stake has lost an estimated $720 million – has made his displeasure known. Last year, he said Musk shouldn’t have purchased Twitter after all, posting on social media that he didn’t think Musk “acted right after realizing his timing was bad.”

“It all went south,” Dorsey said.
So, so sad. :hellokitty:
 

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Continuing the economic news: well done, Leon!

The value of X, formerly known as Twitter, continues to plunge, with the social media platform now worth less than 25 per cent of what Elon Musk initially paid for it. According to a recently released disclosure report from Fidelity’s Blue Chip Growth Fund, which holds a stake in the company, X’s current valuation has shrunk significantly.

When Musk acquired Twitter for a whopping $44 billion, Fidelity invested $19.66 million in the company. However, as of July 2024, Fidelity’s shares in X are now valued at just $5.5 million, putting the entire platform’s worth at a modest $9.4 billion. This sharp decrease in value represents a huge financial blow for Musk’s ambitious purchase of the social media giant.
 
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X, formerly Twitter, is now letting blocked users see posts made by the people who blocked them.

"We're starting to launch the block function update," X's engineering team wrote yesterday. X previously said that after the change, "If your posts are set to public, accounts you have blocked will be able to view them, but they will not be able to engage (like, reply, repost, etc.)."

To justify the change, X said the block functionality could previously be "used by users to share and hide harmful or private information about those they've blocked." The change will allow people who are blocked "to see if such behavior occurs... allowing for greater transparency," X said.
Oh Leon...
 
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Kamilah Hauptmann

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Could just have a second account tho.
 
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Guardian will no longer post on Elon Musk’s X from its official accounts

The Guardian said content on the platform about which it had longstanding concerns included far-right conspiracy theories and racism. It added that the site’s coverage of the US presidential election had crystallised its decision.

“This is something we have been considering for a while given the often disturbing content promoted or found on the platform, including far-right conspiracy theories and racism,” it said.

It added: “The US presidential election campaign served only to underline what we have considered for a long time: that X is a toxic media platform and that its owner, Elon Musk, has been able to use its influence to shape political discourse.”
Cristiano is there any way to persuade this site to expand links from https://www.theguardian.com? Alternatively, if I decide to go and bug The Guardian's webmaster about it, is there any information it would be helpful to have in advance?
 
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Alternatively, if I decide to go and bug The Guardian's webmaster about it, is there any information it would be helpful to have in advance?
The bulletin board code here is from Xenforo, a version from 2019. Cris hinted that he might update the software but until then I strongly guess that isn't going to happen. Bugging the Guardian's webmaster would likely be useless with this old software.
 

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The bulletin board code here is from Xenforo, a version from 2019. Cris hinted that he might update the software but until then I strongly guess that isn't going to happen. Bugging the Guardian's webmaster would likely be useless with this old software.
The forum uses an add-on or plugin to auto-set the title (and description) for the link, but there's potential technical roadblocks to it working as intended.

Some websites provide a redirect to their content (causing the URL to change), which the add-on can't handle. Also, a site may not recognize or handle the user-agent request header from the add-on, and may drop the request or block it outright (hello, walled gardens!).

Some sites still fail to work with the add-on, outside these reasons. I coded a simple script to retrieve an article from The Guardian's website, and was able to "scrape" it without difficulty. So it's likely not a redirect issue. And they are implementing "og:title" and "og:description" meta properties in their headers, which the add-on here appears to use. Which all means it should work with The Guardian's news articles. And yet!
 

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Hm. As a member of the executive branch of government, and the controlling interest in Twitter... The platform's restrictions, skewed algorithms and bans could be seen as a direct violation of the first amendment.

I would laugh myself into a hypoxic blackout, if Twitter gets forced to buy Leon Muskrat out, at twitter's current valuation, due to conflict of interest.
 
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Hm. As a member of the executive branch of government, and the controlling interest in Twitter... The platform's restrictions, skewed algorithms and bans could be seen as a direct violation of the first amendment.
I don't think he is though. If I'm reading the announcements correctly, Elon is being shuffled into basically an NGO. It's being called a "department", so that its meme-name works, but it isn't actually going to be a Federal agency and will only be able to give suggestions, lacking any power or authority to enact them directly.

I mean, I fully expect Trump to act on his suggestions; but Elon isn't being given any direct governmental authority and that my friends is a GOOD thing. I imagine they decided his role had to be done this way probably for the exact reasons you bring up.
 
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I mean, thats the real issue.

In a normal adminstration, it would be suggestions.

But Trump is a manulatable narcisist. Musk may as well BE president at this point.
 
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I would laugh myself into a hypoxic blackout, if Twitter gets forced to buy Leon Muskrat out, at twitter's current valuation, due to conflict of interest.
AFAIK, know Twitter is now a private company which is financed by banks and the like. If that is the case, Muskrat could be forced to sell it but that is a little different.
 

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I mean, thats the real issue.

In a normal adminstration, it would be suggestions.

But Trump is a manulatable narcisist. Musk may as well BE president at this point.
I'm not so sure. Trump will gladly take money from anyone, but Elon only really jumped on board officially in the last few months of the campaign. There are a whole lot of people who are in line way ahead of Musk on Trump's personal importance list, including a bunch of alpha-types that will definitely not let Musk just elbow his way into superiority. They all bend their backs to Trump, but to each other they're all crabs in a bucket.
 
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I'm not so sure. Trump will gladly take money from anyone, but Elon only really jumped on board officially in the last few months of the campaign. There are a whole lot of people who are in line way ahead of Musk on Trump's personal importance list, including a bunch of alpha-types that will definitely not let Musk just elbow his way into superiority. They all bend their backs to Trump, but to each other they're all crabs in a bucket.
What? Musk is the ULTIMATE Alpha. I mean, just look at him, doesn't he make you want to go join a techno commune and become part of his breeding stock for the good of the spiecies?