News: 1666971374

  ARM Give a man a fire and he's warm for a day, but set fire to him and he's warm for the rest of his life (Terry Pratchett, Jingo)

Elon Musk jettisons Twitter leadership, says takeover was 'to try to help humanity'

(2022/10/28)


Comment Famed cave rescue expert Elon Musk has realized his dreams and completed the acquisition of influential social media platform Twitter.

Following the closing of the [1]$44 billion deal yesterday , the electric car enthusiast posted a statement on the microblogging website which claimed in all seriousness that he was executing the takeover "to try to help humanity, whom I love."

The Register does not know how well acquainted Musk is with humanity, but we are quite prepared to introduce him to humility, whose influence seems to be markedly absent.

[2]

The missive adds that the co-founder of PayPal decided to acquire Twitter "because it is important to the future of civilization to have a common town square of where a wide range of beliefs can be debated in a healthy manner, without resorting to violence."

[3]

[4]

Musk, who has the whiff of a man satisfied by the smell of his own farts, has made it clear he intends to reinstate Donald Trump, the twice impeached former US president permanently suspended from Twitter for risk of further incitement of violence after the January 6 attack on the US Capitol.

Trump has now been issued a subpoena to appear before the House January 6 select committee, such that he should offer an accounting of any foreknowledge of the Capitol attack and his broader efforts to overturn the 2020 election.

[5]

In May, Tesla chief executive Musk [6]told a Financial Times conference it was not correct to ban Trump from Twitter. "I think that was a mistake. It alienated the country and did not result in Donald Trump not having a voice. I think it was a morally bad decision and foolish in the extreme."

[7]'Chief Twit' Musk delivers bathroom furniture to Twitter HQ ... but not Tesla results

[8]Twitter's most valuable users are ghosting the platform

[9]Elon Musk reportedly wants to gut Twitter workforce by 75%

[10]Musk grumbles about 'overpaying' for Twitter but says he's excited

Among Musk's first moves upon taking the helm at Twitter was to fire Vijaya Gadde, the head of legal policy, trust and safety, who took the decision to ban Trump. Also axed were chief executive Parag Agrawal and chief financial officer Ned Segal, [11]according to Reuters .

Quite apart from the thorny political issues surrounding social media platforms and the concept of free speech versus the right to be free from incitement of hatred, prejudice and violence, there is the question of what Musk plans to do with Twitter as a business.

He has boasted that Twitter's valuation could be an order of magnitude greater than its current dollar status. Twitter's share price has collapsed since Musk first made his offer, leading some to argue the business genius is overpaying for the platform. Indeed, Musk himself [12]set out on a court battle to try to pull out of the $44 billion deal.

Vague allusions to a "superapp" and "everything platform" have so far left analysts unimpressed and wanting to see more details.

[13]

For a man yet to fulfill his promises of [14]brain-computer interfaces , autonomous [15]humanoid robots , and [16]self-driving cars , Musk needs to come up with something more concrete for Twitter. To take him at his word, humanity itself is at stake. ®

Get our [17]Tech Resources



[1] https://www.theregister.com/2022/10/27/musk_sink_twitter/

[2] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offbeat/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2Y1v8kkIGvpefLjKnRATbsgAAAMg&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0

[3] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offbeat/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44Y1v8kkIGvpefLjKnRATbsgAAAMg&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0

[4] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offbeat/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33Y1v8kkIGvpefLjKnRATbsgAAAMg&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0

[5] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offbeat/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44Y1v8kkIGvpefLjKnRATbsgAAAMg&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0

[6] https://www.ft.com/content/697d8d32-6ef9-4b4c-835a-3e9dcbdb431a

[7] https://www.theregister.com/2022/10/27/musk_sink_twitter/

[8] https://www.theregister.com/2022/10/26/twitter_losing_valuable_users/

[9] https://www.theregister.com/2022/10/21/musk_twitter_layoffs/

[10] https://www.theregister.com/2022/10/20/musk_overpaying_twitter/

[11] https://www.reuters.com/markets/deals/elon-musk-completes-44-bln-acquisition-twitter-2022-10-28/

[12] https://www.theguardian.com/technology/2022/jul/08/elon-musk-twitter-deal-legal-consequences

[13] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_offbeat/front&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33Y1v8kkIGvpefLjKnRATbsgAAAMg&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0

[14] https://www.theregister.com/2020/08/29/neuralink_pig_brain_interface/

[15] https://www.theregister.com/2022/10/03/tesla_optimus_prototype/

[16] https://www.theregister.com/2022/04/21/uk_self_driving_highway_code/

[17] https://whitepapers.theregister.com/



How convenient...

Someone Else

tRump, back on his favorite megaphone, just in time for the beginning of his next run to be the last President of the United States.

And just in time to shut down the oxymoronic "Truth Social", right before the creditors and SEC come calling. Funny how that works...

Spotted typo

graeme leggett

In "chief twit"....

Rebrand?

Lon24

Welcome to the new Xchan. The Q is ...

If it's worth hacking on well, it's worth hacking on for money.