this post was submitted on 07 Oct 2023
163 points (100.0% liked)
Technology
37702 readers
288 users here now
A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.
Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
So the Saudi investor invests in something that he wants to go broke?
You may underestimate the amount of money the Saudi government has
That’s precisely why they invested in it. Sinking that ship means that one of the few remaining lifelines for working class communication around the world goes down in flames. When mass protests, school shootings, the Capitol invasion, and police violence occurred, which social media platform was almost always the place you’d end up reading about it from someone on the ground? Twitter. Think about how much easier the narrative can be controlled when Twitter is gone (or at least behind walls).
For political aims, possibly. What is sure is that Twitter would never be able to repay the amount of debt the company got saddled with. It was barely making ends meet and now it has to pay an additional billion dollars a year in interest. Why would someone would put their money in such a bad deal?