this post was submitted on 28 Jul 2023
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Twitter under fire for reinstating account that posted child sex abuse (www.washingtonpost.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Twitter under fire for reinstating account that posted child sex abuse::undefined

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[–] ConditionOverload@lemmy.world 29 points 1 year ago (3 children)

He's not impervious to criticism, he just thinks that he is. Massive negative press following massive negative press about his handling of the company and the loss of revenue is not going to make his shareholders happy, which is really what all he'd care about.

[–] ashok36@lemmy.world 25 points 1 year ago (3 children)

For Twitter at least, he doesn't have shareholders. He has investors, many of whom would like nothing more than for Twitter to die so that their citizens can't use it to coordinate political action against their regime.

[–] whatsarefoogee@lemmy.world 18 points 1 year ago (1 children)

Only 7.1 billion out of 44 billion is from outside investments. The remaining ~36 billion was paid by Musk.

People need to stop with the conspiracies. Musk isn't playing 4d chess by tanking Twitter, he's just an idiot.

[–] dragontamer@lemmy.world 11 points 1 year ago

33 Billion was equity. $13 Billion was loans.

Musk's contribution is close to $25 Billion and likely puts him at 60%+ majority control of shares.

[–] TommySalami@lemmy.world 5 points 1 year ago

can't use it to coordinate political action against their regime.

That ship sailed a while back when Elon was forced to buy Twitter. Let it burn.

[–] baked_tea@lemmy.world 3 points 1 year ago (1 children)

What's the point of their investments then?

[–] UlrikHD@programming.dev 1 points 1 year ago

Control over one of the biggest "news" sites in the world probably.

[–] sci@feddit.nl 11 points 1 year ago* (last edited 1 year ago)

3 of the main investors of musk's twitter are Marc Andreessen, Changpeng Zhao (ceo of binance) and Prince Al Waleed (saudi royalty).

[–] dragontamer@lemmy.world 3 points 1 year ago (1 children)

Elon Musk is the biggest shareholder of Twitter and Tesla.

[–] hermitix_world@lemmy.world 1 points 1 year ago

Biggest idiot of both as well.