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Notices tagged with musk

  1. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Thursday, 22-Dec-2022 23:58:55 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
    https://news.yahoo.com/police-said-member-elon-musks-020954910.html [news yahoo com]

    Police: #Musk security team member the suspect in confrontation, not alleged stalker.

    This makes Elon Musk's purge sound like lunatic ravings, not some kind of justifiable security fears.
    In conversation about a month ago from Choqok permalink

    Attachments

    1. Police said a member of Elon Musk's security team is a suspect — not a victim — in what Musk alleged was a 'crazy stalker' incident
      The encounter between Musk's security guard and a 29-year-old Uber Eats driver sparked a wild week of Twitter tension and suspensions.
  2. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Monday, 19-Dec-2022 03:24:59 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
    in reply to
    • simsa04
    @simsa04 Well, right now, #Musk has a can of gasoline (or petrol) in one hand and a lit cigarette in the other. He's about to destroy the place. Putting an adult in charge might slow that process down (especially if the person chosen is free to argue back when the owner wants to do something harmful).
    In conversation about a month ago from Choqok permalink
  3. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Thursday, 15-Dec-2022 17:47:47 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
    • GeniusMusing
    #Musk sells large number of #Tesla shares

    https://www.cnbc.com/2022/12/15/elon-musk-sells-another-huge-chunk-of-tesla-shares-.html [www cnbc com]

    /via @geniusmusing

    Also, I saw (but cannot find currently) where a current ${NASDAQ[TSLA]} shareholder said something to the effect of "Elon Musk is running FIVE COMPANIES and is too distracted to do his job well at any of them".
    In conversation about a month ago from web permalink

    Attachments

    1. Elon Musk sells another huge chunk of Tesla shares
      from https://www.facebook.com/CNBC
      The transactions took place between Monday and Wednesday this week according to the filings with the Securities and Exchange Commission.
  4. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Tuesday, 13-Dec-2022 03:22:52 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
    Lenders considering reissuing #Twitter loans to #Musk instead, to reduce company's risk. https://nu.federati.net/url/288900 [www bloomberg com]

    And likely to reduce its over $1,000,000,000/year payments
    In conversation about 2 months ago from web permalink

    Attachments

    1. Bloomberg - Are you a robot?
  5. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Monday, 12-Dec-2022 01:58:05 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
    https://prodromou.pub/@evan/109498060348615260

    @evan@prodromou.pub @evan@identi.ca ( and formerly @evan@e14n.com ) has said this a few times, but here it is again.

    "Every time you post on Twitter, you produce value for the advertisers.

    You tell everyone in your network there that it's OK to stay. That you're all helpless to leave.

    You tell the people who've lost their jobs, the people who are being hounded and harassed, that they are not important to you.

    You know you're going to be ashamed of it later.

    Just stop posting.

    Do it here, not there. Connect here, not there.

    Don't reply, don't like, don't retweet.

    Stop feeding your life into the machine."

    This was true before Elon #Musk bought #Twitter, but I guess it wasn't as important before.

    I don't fully agree, simply because there may be some advantages to many people who continue to use Twitter instead of moving to the #Fediverse (e.g., #GNU_Social, #Mastodon, #Pleroma, #Misskey, #PixelFed, #Lenny / #Lemmy, etc) or they would have moved over already.

    Also, because unless one self-hosts one's own presence, an angry instance admin is all it takes to lose all posts and connections and have to start over. Or, if one has contacts on a different instance, then irate instance admins participating in #blockwars (including #fediblock) can separate the person from some portion of their contacts.

    So remember, everything that Twitter is or can do to you, your Fediverse instance can also do. Most instances will never do most of those things, but pretending that one is safe here could result in disappointment in the future.
    In conversation about 2 months ago from web permalink

    Attachments

    1. Evan Prodromou (@evan@prodromou.pub)
      from Evan Prodromou
      Every time you post on Twitter, you produce value for the advertisers. You tell everyone in your network there that it's OK to stay. That you're all helpless to leave. You tell the people who've lost their jobs, the people who are being hounded and harassed, that they are not important to you. You know you're going to be ashamed of it later. Just stop posting. Do it here, not there. Connect here, not there. Don't reply, don't like, don't retweet. Stop feeding your life into the machine.
  6. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Sunday, 27-Nov-2022 20:34:25 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
    This is about two weeks ago: https://www.tmz.com/2022/11/13/elon-musk-inadvertently-spark-senate-investigation-twitter/ [www tmz com]

    Elon #Musk got into an online argument with Senator Ed Markey, who reminded him that #Congress has the power to investigate #Twitter and other Musk-owned companies.
    In conversation about 2 months ago from web permalink

    Attachments

    1. Elon Musk Might've Inadvertently Sparked a Senate Investigation Into Twitter
      Elon Musk's snarky response to a U.S Senator who wanted answers on Twitter Blue's new verification process might just land him in front of Congress to testify ... because the lawmaker sits on some key subcommittees.
  7. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Friday, 25-Nov-2022 15:20:48 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
    • GeniusMusing
    https://www.youtube.com/watch?v=QxCRRcWSt4I

    Elon bought himself a bunch of lawsuits.

    /via @geniusmusing

    #Twitter #Musk #lawsuit #bankruptcy #sec #ftc
    In conversation about 2 months ago from web permalink

    Attachments

    1. Elon Bought Himself A Bunch of Lawsuits
      I'm not sure Musk knows what he's doing... 🕵️ Boost your online privacy with NordVPN https://legaleagle.link/nordvpnWelcome back to LegalEagle. The most av...
  8. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Saturday, 19-Nov-2022 00:50:34 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
    https://www.techdirt.com/2022/11/18/it-begins-the-eu-summons-musk-to-appear-before-them/ [www techdirt com]

    The EU summons Elon #Musk to appear concerning his actions and decisions about #Twitter
    In conversation about 2 months ago from web permalink

    Attachments

    1. It Begins: The EU Summons Musk To Appear Before Them
      from Mike Masnick
      Earlier this week, we wrote about how the EU seemed to practically be salivating over getting its hands on Elon Musk now that he owned Twitter. The first half of that post was about how he was at r…
  9. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Friday, 18-Nov-2022 04:56:16 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
    in reply to
    • simsa04
    @simsa04 One thing that stood out to me as a former business major is that ... once #Musk followed up his presumably drunk purchase offer with a serious purchase offer, #Twitter management was legally obligated to sell the company and to pursue any and all legal remedies to cause that to be accomplished. They could sell it to him or they could find someone offering a higher price, but they had to sell the company.

    If Elon Musk wasn't so sure of his own superiority, he could have said "I was drunk / stoned and not thinking clearly, so the offer I made is rescinded", but instead he followed through (probably because he secretly bought 9% of the company before any of this happened, so making that sort of offer and not carrying it out could have subjected him to civil and criminal penalties).

    It really is sad that they had to do so regardless of their belief that he was overpaying and that he would not be able to make the payments on his loans, but present US securities laws require this.

    See also: https://nu.federati.net/notice/3414551
    In conversation about 2 months ago from web permalink

    Attachments

    1. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Friday, 18-Nov-2022 02:00:26 UTC - Federati Nu: Federated N-series GNU Social
      If the #Twitter saga teaches us anything, it is that "going public" with stock is not always the best choice. A person or group with lots of money can come along and take over, ejecting the prior leaders and employees and changing the company's purpose and direction. They can wreck everything you built. Sometimes, being a !smallbiz can hide you from corporate predators.
  10. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Thursday, 10-Nov-2022 21:01:49 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
    #Twitter under #Musk could face criminal penalties, due to #FCC consent decree. https://nu.federati.net/url/288417 [www techdirt com]
    Source: https://mastodon.social/@mmasnick/109320820214327349
    In conversation about 3 months ago from AndStatus permalink

    Attachments

    1. Does Twitter Have Any Employees Left Who Remember That The Company Is Under A Strict Consent Decree With The FTC?
      from Mike Masnick
      Yesterday I tweeted out a question about whether or not there was anyone left at Twitter who remembered that the company was under a pretty strict FTC consent decree: Apparently the answer was yes,…
    2. Mike Masnick ✅ (@mmasnick@mastodon.social)
      from Mike Masnick ✅
      I wrote a little thing about FTC consent decrees, and Twitter, and how all the people who were facing potential criminal charges for not complying with the FTC consent decree quit Twitter last night... and why Elon's not caring about the FTC doesn't much matter if the FTC cares about him... (which it likely does) https://www.techdirt.com/2022/11/10/does-twitter-have-any-employees-left-who-remember-that-the-company-is-under-a-strict-consent-decree-with-the-ftc/
  11. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Friday, 04-Nov-2022 20:22:54 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
    https://nitter.net/elonmusk/status/1588538640401018880 https://twitter.com/elonmusk/status/1588538640401018880

    Elon #Musk says #Twitter's revenue had dropped. A lot. He blames "activists" lobbying their advertisers.
    In conversation about 3 months ago from web permalink

    Attachments

    1. https://twitter.com/elonmusk/status/1588538640401018880
      from Elon Musk
    2. https://twitter.com/elonmusk/status/1588538640401018880
      from Elon Musk
  12. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Saturday, 29-Oct-2022 03:57:54 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
    https://www.cbsnews.com/news/elon-musk-twitter-wall-street-sees-a-challenge-ahead/ [www cbsnews com]

    Elon #Musk facing challenging economic environment as he takes over #Twitter, also faces skittish advertisers who've seen all the things he posted.

    That's probably one reason for the job cuts he's making. Aside from disagreements about the company's direction (e.g., the most likely reason for firing the executive team), he's expected to cut headcount by 30% or more; with some claiming up to 75%.

    I know they're probably considered overstaffed (as are all large companies and government agencies), but I sincerely question his ability to make it profitable if he cuts 50% or more of the staff over the first year. (He could do the "hire younger people for less money and have the existing staff train their replacements" thing. I personally think that is vile, but he wouldn't be the first company acquirer to do this.)

    I'm not on the inside, but it seems to me that once you pass 20% staff reduction, less people working means less work gets done. Now, sometimes, the work that no longer gets done was not needed anyway, but it doesn't sound like he's got a lot of runway to figure things out before he needs to be flying. His funders are going to start expecting to start receiving payments within months.

    Why is it interesting to me? I still have a Twitter account. I'm trying to log in once per month, so I can gradually reacquaint myself with any of my contacts that are still there. In reality, it is probably closer to three times per year. If it weren't for Twitter (and a couple of once similar sites: Pownce, Jaiku, Identi.ca), I would not be here.
    In conversation about 3 months ago from web permalink

    Attachments

    1. Elon Musk takes charge of Twitter. Wall Street sees an "Everest-like" challenge ahead.
      The social network is struggling to attract advertisers. Would turning it into a self-styled bastion of free speech make things worse?
  13. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Friday, 28-Oct-2022 14:32:51 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
    in reply to
    • GeniusMusing
    • simsa04
    @simsa04 @geniusmusing If they did, their instance(s) would rapidly become the largest. They would be the “center of gravity” that endangers the health of every #federated network in which they appear.

    However, I think that, freed from the distraction of #Musk and the public attention of #Twitter, they would rather focus on proving that a network built upon their #AT_Protocol is viable.
    In conversation about 3 months ago from Shoyu permalink
  14. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Friday, 28-Oct-2022 04:49:36 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
    Elon #Musk completes purchase of #Twitter, fires some people.

    https://mastodon.social/@fribbledom/109243939400813351

    https://www.reuters.com/markets/deals/elon-musk-completes-44-bln-acquisition-twitter-2022-10-28/
    In conversation about 3 months ago from Shoyu permalink

    Attachments

    1. muesli (@fribbledom@mastodon.social)
      from muesli
      So it's official, it seems: Musk is now the new owner of Twitter and immediately fires a bunch of executives. In slightly related news: Welcome to the Fediverse, everyone who made it here in recent hours! https://www.reuters.com/markets/deals/elon-musk-completes-44-bln-acquisition-twitter-2022-10-28/
    2. Elon Musk's Twitter ownership starts with firings, uncertainty
      from Sheila Dang,Greg Roumeliotis
      Elon Musk became Twitter Inc's owner on Thursday, firing top executives and providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platform.
  15. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Tuesday, 04-Oct-2022 18:47:02 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
    https://finance.yahoo.com/news/elon-musk-agrees-to-go-ahead-with-twitter-deal-163822996.html [finance yahoo com]

    #musk agrees to buy #twitter, source says.
    In conversation about 4 months ago from Shoyu permalink

    Attachments

    1. Elon Musk agrees to go ahead with $44 billion Twitter deal: Bloomberg
      Elon Musk is once again interested in purchasing Twitter for $44 billion.
  16. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Saturday, 01-Oct-2022 18:57:51 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
    https://nu.federati.net/url/287988 [www theatlantic com]

    #Musk’s text messages about #Twitter purchase released. Rich contacts revealed as fawning sycophants, disorganized spitballers.
    In conversation about 4 months ago from Shoyu permalink

    Attachments

    1. Elon Musk’s Texts Shatter the Myth of the Tech Genius
      from Charlie Warzel
      The world’s richest man has some embarrassing friends.
  17. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Friday, 26-Aug-2022 05:25:22 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
    • GeniusMusing
    via @geniusmusing

    https://nu.federati.net/url/287487 [www techdirt com]

    A #Twitter whistleblower's report, while seemingly favoring #Musk's claims, seems to provide more detailed support to Twitter's claims instead.

    Even before this, I would not be surprised if Elon Musk's legal team told him to prepare to purchase Twitter or to pay them enough money to make the lawsuit go away. I would guess that's why https://nu.federati.net/url/287488 [www cnbc com] happened.
    In conversation about 5 months ago from web permalink

    Attachments

    1. Twitter Whistleblowing Report Actually Seems To Confirm Twitter’s Legal Argument, While Pretending To Support Musk’s
      from Mike Masnick
      We already wrote a long story looking at many of the eye-opening claims from Peiter “Mudge” Zatko in his whistleblower report regarding Twitter’s security operations, and the poss…
    2. Elon Musk sells 7.92 million Tesla shares worth $6.88 billion
      from https://www.facebook.com/CNBC
      Tesla CEO Elon Musk sold 7.92 million shares of Tesla worth around $6.88 billion, according to a series of financial filings published Tuesday night.
  18. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Friday, 26-Aug-2022 05:08:08 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
    • GeniusMusing
    I found this link via @geniusmusing https://nu.federati.net/url/287486 [www techdirt com]

    In regard to the #Twitter vs #Musk legal action, Musk's claims about spam are irrelevant.

    > Either way, note that the supposed breach of this clause (which again, does not appear to have actually been breached) is what the attempted termination, and thus the lawsuit, is actually about. Musk has to show that he requested information that was necessary for completing the deal and that Twitter didn’t give it to him.

    > Twitter just has to show that (1) it gave him what he asked for and (2) anything it didn’t give him either didn’t exist or in Twitter’s estimation was either not necessary for consummating the deal or could be abused by Musk.

    > Note that “how much spam is on the platform” doesn’t even remotely play into any of this.
    In conversation about 5 months ago from web permalink

    Attachments

    1. If Someone Is Prattling On About Spam On Twitter And How That Helps Elon Musk, Send Them This Article
      from Techdirt
      We’ve explained the details of Twitter’s case against Elon Musk and the legal issues at play multiple times, but for reasons I don’t fully understand, the general narrative on Twi…
  19. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Friday, 12-Aug-2022 03:55:11 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
    in reply to
    • Alexandre Oliva
    @lxo I think #Musk's offer was more than the company is worth, so they fear shareholder lawsuits if they don't pursue it.

    I also think they're going to get billions of dollars out of him in order to let him walk away. In turn, if someone else wants to buy, the new buyer will have to pay for the fact that #Twitter will have X billion dollars in the bank.
    In conversation about 6 months ago from mustard permalink
  20. LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} (lnxw48a1@nu.federati.net)'s status on Wednesday, 10-Aug-2022 22:13:52 UTC LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864} LinuxWalt (@lnxw48a1) {3EB165E0-5BB1-45D2-9E7D-93B31821F864}
    #Musk offloads $7 billion in #Tesla stock, supporting belief that #Twitter will succeed in forcing him to complete purchase deal. https://www.marketwatch.com/story/elon-musk-offloads-nearly-7-billion-in-tesla-stock-11660098780 [www marketwatch com]

    > “This is really Musk reading the room that with a weak case going into Delaware, the chances that he's going to have to acquire Twitter are increasingly getting higher,” Dan Ives, a managing director at Wedbush Securities, attested to The Daily Beast.

    https://nu.federati.net/url/287320?ref=home [www thedailybeast com]

    ${NASDAQ(TSLA)}

    This is another sign that Elon Musk is not suited to run any publicly traded companies. Investors could try to sue over his implied promise not to sell more stock if the price tumbled as a result of this sale.
    In conversation about 6 months ago from Shoyu permalink

    Attachments

    1. Elon Musk offloads nearly $7 billion in Tesla stock amid Twitter fight
      from @mmmmurf
      Elon Musk sold almost $7 billion in Tesla Inc. stock in recent days, according to filings Tuesday with the Securities and Exchange Commission, and indicated...
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