Must have been one of those useless 80% micro services. /s
Doesn't this have legal ramifications? I was pretty sure that studios etc. have contracts with companies like Twitter where Twitter guarantees some sort of effort to prevent copyrighted movies being uploaded in exchange of not being taken to court and held accountable.
There's a whole lotta comments on that thread about angering The Mouse, one pointing out that 'Musk thinks he's hardcore? He hasn't yet dealt with the angry Mouse'. And, downchain, there's a tweet posting the first 2:30 of Avatar (Disney), and many mentions of a bunch of the Fast & Furious films (Universal) posted in their entirety in 2:30 long clips.
Monday 10 AM will be interesting for the Twitter legal team. Oh, right, seems they were mostly fired . . .
I have no choice but to short Tesla stock, no matter how much I like the technology or company. Elon's 30B stake he put up to buy Twitter will have to be sold when the Twitter revenue dries up - and with advertisers and big names leaving that path is inevitable. He really doesn't realize that once you lose market penetration, your done forever no matter how nice you make it. Myspace taught us that. They had a beautiful revamp once upon a time, but it was too late. Facebook ate it's lunch. Same will happen here, only worse.
Excellent point, but how likely is a good outcome from this trade?
Assume that Twitter is 90% likely to tank at least badly enough that he has to cover the loans, and that $30B is entirely collateralized with TSLA stock (vs Twitter or some other assets).
That $30B is about 5.7% of the $527b market cap. Selling it all at once would certainly depress the stock. But would he have to do that, or just dump enough each month to make the payments? If that's over something like 5-10 years. it'd somewhat depress the curve, but enough to make a short work? If it's a 10-year timespan, it's more like 0.6% per year of 'extra' sales from the event, which seems getting down in the noise. Seems he's also make a variety of moves, e.g. a rollover loan, stock buybacks, etc. to minimize the impact on TSLA price...
I've been trying out Twitter lately for the first time in at least 10 years.
No social network has ever made me as mad at my fellow humans as that one does. 10 min reading comments and I'm outraged at the constant stupidity, attention seeking and political virtue signaling on both sides. It's like everyone is on a team and trying to score points on their opponents and become the MVP, instead of communicate.
I'm not sure if it's being related to real identity that makes people behave like that or if it's the focus on statements (tweets) rather than conversation, but holy crap what an unpleasant place to hang out.
I'm still drawn to it like a car crash but think I'll happily go back to pretending it doesn't exist soon enough.
It also affirms my belief that anonymous social networks are the way to go for discussion. An official announcements platform from the famous the the masses has value as well but it's a different thing entirely.
Either destroy it or improve it in a materially important way.
Nate Silver has a good observation on the latter, "Mastodon seems like a honeytrap for hall-monitor personality types. Honestly if Elon gets all the hall monitors to migrate to Mastodon that might be his greatest contribution toward the betterment of humanity." https://twitter.com/NateSilver538/status/1594350639844294656
On the one hand, I'm happy to see copyright systems breaking down! On the other: I sure hope those moderators and systems are down because they're currently being re-tasked with taking down child abuse media (and not, say, just completely shut down due to massive layoffs), otherwise that site is about to become horrifying.
This one is down, but there are plenty more movies linked just in the thread below that are still working at the time of writing. If this is indeed related to the layoffs (very conceivably so), this could easily spiral to a point where the objectively best option (financially, legally) for Musk would be to take the site offline asap.
If it actually came to that, he could just disable the videos/media feature.
I don't personally like Mr Musk, and I don't approve of how he has handled this takeover, but I wonder if some of those hurrying forth with negative predictions about every Twitter development are just saying what they hope happens. The blind praise is just as bad, of course.
(The 'some' people I am referring to isn't the parent commenter, btw. I'm referring to the news articles and (like the linked content) Twitter posts I see getting posted about this.)
Where’s the proof that this automatic system ever existed before? I could upload a picture of a horse and say that since my account wasn’t taken down the antihorse system is malfunctioning.
[+] [-] sschueller|3 years ago|reply
Doesn't this have legal ramifications? I was pretty sure that studios etc. have contracts with companies like Twitter where Twitter guarantees some sort of effort to prevent copyrighted movies being uploaded in exchange of not being taken to court and held accountable.
[+] [-] toss1|3 years ago|reply
Monday 10 AM will be interesting for the Twitter legal team. Oh, right, seems they were mostly fired . . .
[+] [-] tjpnz|3 years ago|reply
[+] [-] nelsonenzo|3 years ago|reply
[+] [-] toss1|3 years ago|reply
Assume that Twitter is 90% likely to tank at least badly enough that he has to cover the loans, and that $30B is entirely collateralized with TSLA stock (vs Twitter or some other assets).
That $30B is about 5.7% of the $527b market cap. Selling it all at once would certainly depress the stock. But would he have to do that, or just dump enough each month to make the payments? If that's over something like 5-10 years. it'd somewhat depress the curve, but enough to make a short work? If it's a 10-year timespan, it's more like 0.6% per year of 'extra' sales from the event, which seems getting down in the noise. Seems he's also make a variety of moves, e.g. a rollover loan, stock buybacks, etc. to minimize the impact on TSLA price...
What am I missing here?
[+] [-] unknown|3 years ago|reply
[deleted]
[+] [-] unknown|3 years ago|reply
[deleted]
[+] [-] CogitoCogito|3 years ago|reply
How do you short a private company?
[+] [-] solardev|3 years ago|reply
[+] [-] over_bridge|3 years ago|reply
No social network has ever made me as mad at my fellow humans as that one does. 10 min reading comments and I'm outraged at the constant stupidity, attention seeking and political virtue signaling on both sides. It's like everyone is on a team and trying to score points on their opponents and become the MVP, instead of communicate.
I'm not sure if it's being related to real identity that makes people behave like that or if it's the focus on statements (tweets) rather than conversation, but holy crap what an unpleasant place to hang out.
I'm still drawn to it like a car crash but think I'll happily go back to pretending it doesn't exist soon enough.
It also affirms my belief that anonymous social networks are the way to go for discussion. An official announcements platform from the famous the the masses has value as well but it's a different thing entirely.
[+] [-] tibbydudeza|3 years ago|reply
[+] [-] memish|3 years ago|reply
Nate Silver has a good observation on the latter, "Mastodon seems like a honeytrap for hall-monitor personality types. Honestly if Elon gets all the hall monitors to migrate to Mastodon that might be his greatest contribution toward the betterment of humanity." https://twitter.com/NateSilver538/status/1594350639844294656
[+] [-] matthewdgreen|3 years ago|reply
[+] [-] robd003|3 years ago|reply
[+] [-] c7b|3 years ago|reply
[+] [-] racktash|3 years ago|reply
I don't personally like Mr Musk, and I don't approve of how he has handled this takeover, but I wonder if some of those hurrying forth with negative predictions about every Twitter development are just saying what they hope happens. The blind praise is just as bad, of course.
(The 'some' people I am referring to isn't the parent commenter, btw. I'm referring to the news articles and (like the linked content) Twitter posts I see getting posted about this.)
[+] [-] helf|3 years ago|reply
[+] [-] unknown|3 years ago|reply
[deleted]
[+] [-] tibbydudeza|3 years ago|reply
[+] [-] nells|3 years ago|reply