patrick.net

mell says

that will open them up for lawsuits violating their fiduciary duty

True, the board legally must act in the best interests of shareholders. Elon is offering quite a premium over the market price, which does clearly is in the interest of shareholders. I think their only counter-argument is bin Talal's, that the stock is really worth more than what the market is pricing it at. But how can the board plausibly claim to be smarter than the stock market?

Patrick says

mell says

that will open them up for lawsuits violating their fiduciary duty

True, the board legally must act in the best interests of shareholders. Elon is offering quite a premium over the market price, which does clearly is in the interest of shareholders. I think their only counter-argument is bin Talal's, that the stock is really worth more than what the market is pricing it at. But how can the board plausibly claim to be smarter than the stock market?

There's no rule of law.

Twitter is a device for disseminating propaganda. Jack Dorsey realized that was the only way to profit and became a haggard old man over the course of a year once he did, then he finally resigned.

Twitter will not change. It exists to misinform the public.

You guys MUST see War Room's evening episode today.

original link


Posobiec, Cernovitch, and Beattie all explain various aspects of the Twitter Deal:


* Executives are scared of the Trust Fund Baby Employees who don't need the job, but love to virtue signal from it.
* Executives feel pressure to take the 38% premium
* Talal, that agent of evil par excellence! . After watching the episode I was unsurprised to see him opine. MbS needs to kidnap his ass and beat him harder this time..
* Most importantly, REGIME MEDIA aka FAGAT can't let a hole appear in the Dam - if Twitter goes, what about the rest of Big Tech?

Cenovitch and Poso suggested the Ape Army get ready to intervene, GME style.


Speaking of FAGAT, I remember all the Libertarian Articles in the 90s and early 2000s about how freedoming the Pacific Coast was, esp. in Tech. LOL!

AmericanKulak says

Cenovitch and Poso suggested the Ape Army get ready to intervene, GME style.

That could be very amusing!

AmericanKulak says

Speaking of FAGAT, I remember all the Libertarian Articles in the 90s and early 2000s about how freedoming the Pacific Coast was, esp. in Tech. LOL!

It's sad cause it was true back then. Golden times, glad I could be part of it.

Winehorror1 asked if I own stocks of Twitter, Facebook, Google.

I must, since I own mutual funds which likely own them.
I own several index funds and a “science and technology fund” which surely own them.

Selling my funds isn’t practical.

mell says

It's sad cause it was true back then. Golden times, glad I could be part of it.

I agree. Before the massive centralization, it was very open and democratic, nothing censored, all very exciting.

Google is one of the great evils that ruined it.

Decentralizing Tech out of the SFBA is key. Elon should move most of Twitter's Operations to Tulsa and Lubbock. Joe six-pack Tech wouldn't mind those places, esp. if they are savvy to save up and succeed or start a family. Karen Purplehair would hate living there.

WineHorror1 says

Patrick says

gabbar says

Truth, that is the main problem of government and governmental corporations. They don't like. They will go to extreme extent to undermine truth because truth will impact their money and power.

This is exactly why we have the First Amendment.

Unfortunately, it covers only lawmaking by the government, not quasi-monopolies and other corporations squashing free speech.

If private business is able to curtail 1A rights then it should be free to discriminate based on anything not just by what a person says.

Plenty of private businesses don't allow firearms on their premises.

AmericanKulak says

Decentralizing Tech out of the SFBA is key. Elon should move most of Twitter's Operations to Tulsa and Lubbock. Joe six-pack Tech wouldn't mind those places, esp. if they are savvy to save up and succeed or start a family. Karen Purplehair would hate living there.

If they kept the SF salaries, they would droves of people going for the jobs in Tulsa or Lubbock. You could live like God.

https://www.thegatewaypundit.com/2022/04/elon-musk-also-offered-buy-cnn-twenty-eight-bucks-tweets-musks-takeover-twitter-epic/?source=patrick.net

Misc says

Plenty of private businesses don't allow firearms on their premises.

True, so if a private business can suppress a right, they can suppress all of them or any of them they want. I have no problem with that. It's just that the government allows private businesses to suppress the rights that the government doesn't mind being suppresses. Shit is fucked up and bullshit.

DooDahMan says

Musk said "I have sufficient assets" when he was asked whether funding had been secured for the potential purchase.

Amazing. The richest man in the world can't come up with enough to buy Twitter? Somehow, I don't think Buffet would have any issues coming up with the $$.

Patrick says

AmericanKulak says

Decentralizing Tech out of the SFBA is key. Elon should move most of Twitter's Operations to Tulsa and Lubbock. Joe six-pack Tech wouldn't mind those places, esp. if they are savvy to save up and succeed or start a family. Karen Purplehair would hate living there.

If they kept the SF salaries, they would droves of people going for the jobs in Tulsa or Lubbock. You could live like God.

He should move Twatter to Brownsville Texas where SpaceX is now homed. Pretty poor area in a low tax state where the lefties who work at Twitter wouldn’t wanna live.

Why has Twitter not banned her yet?
Why has YouTube not banned her yet?
Its likely this is in the pipeline.

Hostile? He made a offer, in public, how is this hostile?
Elon is not the richest fellow on the planet.
Elon hopes to disrupt the existing oligarchy and provide for free speech by buying Twitter
Elon doesn't silence critics. In fact, he criticizes.
Bidet got elected in a democratic but sham election, so where is the oligarchy?

Anything that comes out of the mouth of a commie globohomo lefties mouth is pure projection when talking about opposition.

https://babylonbee.com/news/liberals-worried-that-if-they-cant-ban-opposing-viewpoints-theyll-actually-have-to-defend-their-ideas?source=patrick.net

SAN FRANCISCO, CA—A growing number of left-leaning voices are concerned about a dangerous increase in free speech if Elon Musk buys Twitter. Early reports confirm that this is because they would have to debate their opponents, instead of just banning them.

"Any statement that I don't like is literally incitement, promoting violence, and an existential threat to worldwide democracy" tweeted one user named Resist_The_System90210. "I never had to debate a real person, as Twitter just buries them in the 'additional replies, including those that may contain offensive content' to protect me!"

Don Lemon called out the widespread misunderstanding about so-called "free speech" on his "Don Lemon Tonight" segment: "There are obviously limits to free speech. You can't yell 'fire' in a theater, or claim that you can still catch and spread COVID even if you have the vaccine, or talk about the laptop proving that Joe Biden's son leveraged his Dad's position to make a fortune for the family - free speech is more like speech that I already agree with and won't hurt prevailing liberal narratives."

One commenter disagreed, however, on the grounds that Twitter was already an unbiased bastion of free speech principles. "If Elon takes over Twitter, he'll let literal Nazis like Donald Trump and Gina Carano say whatever they want! I won't be safe!"

At time of publishing, left-wing Twitter users were relieved to find that Elon was outbid by a CCP-connected Chinese oligarch.

There are many reasons to be skeptical of Musk's motives and, even if pure, his ability to restore free speech to Twitter. Way too many powerful interests need this censorship. But the panic reveals so much. My @getcallin show yesterday covered all this:

callin.com/episode/elon-musk…

Elon Musk Provokes Liberal Panic. Plus, reluctantly: “groomer” discourse | The Glenn Greenwald...
As the war um Ukraine ushers in an unprecedented censorship regime, liberal hysteria explodes over the possibility of free speech. Plus: is there validity, malice or both in the “groomer” debates?

How dumb do you have to be to believe that journalists - who work at Bloomberg and the Bezos-owned WPost or Comcast or CNN - are worried about billionaires controlling media?

They're only petrified that the wrong billionaire, one who may not censor for them, might reign.

Social media was heralded as an innovation that would liberate individuals from centralized control by the state and oligarchical power over their speech.

It has become the exact opposite: the most powerful tool of information control and speech constraints ever devised.

Censorship of conservatives gets most attention because it's so common, but censorship of anti-establishment leftists is also frequent: any dissident can be banned.

Pretending this is about bots or spam is fraudulent. This censorship is about control of political information.

You're allowed to spread any lies, propaganda and disinformation you want if it advances the Ukrainian cause (i.e., the US/NATO cause), but will be instantly banned if you say anything that challenges that on the ground of "Russia disinformation." This is all explicit.

Throughout the COVID pandemic, you weren't allowed to question the efficacy of cloth masks. You weren't allowed to interrogate the origins of the virus. You weren't allowed to debate vaccines or lockdowns. No dissent from Fauci/WHO was allowed.

The censorship is 100% political.

Let's put it this way:

On Google/YouTube, Facebook and Twitter, you are free to say the 2000 and 2016 elections were stolen and fraudulent. You can't say that about 2020.

Before the 2020 election, you weren't allowed to post reporting on the Biden emails.

It's all ideological.

Everyone knows they are lying. Nobody cares about Twitter censoring bots or spam. That's not what this is about.

The social media censorship people care about is 100% ideological: banning dissent on COVID, the Biden emails, culture war debates, etc. That's what's at stake.

In US culture, we're inculcated from childhood that censorship is bad. So of course nobody -- especially journalists -- wants to say: "I favor censorship."

That's why they need euphemisms like "content moderation": to pretend it's about bots, abuse, etc. rather than ideology.

Yesterday was a flagship day in corporate media. It was the day they were forced to explicitly state what has long been clear: they not only favor censorship but desperately crave and depend on it.

Even if Musk doesn't buy Twitter, never forget what yesterday revealed.

One of those stories that went down the memory hole.

Patrick says

These journalists are not dumb. They are trained dogs. They are following the orders of their masters who are following the order of their masters and so on to the head of the snake.

mell says

Patrick says

Shaman says

So stock values drop over the refusal of one shareholder to sell to Musk.

Can that one shareholder block the sale?

No. The board will likely refuse it though, and that will open them up for lawsuits violating their fiduciary duty etc. Stock will tank if it's rejected

Today after the reveal of the Poison Pill the board inserted into their own company, Twatter is trending down having lost four basis points and returning to the valuation it was at when Elon made his initial buy. How much lower can it go? We shall see. Elon will keep up the pressure to make these people expose their attitudes. Short sellers incoming!
I think Elon will buy it all at $25/share.

Shaman says

Today after the reveal of the Poison Pill the board inserted into their own company, Twatter is trending down having lost four basis points and returning to the valuation it was at when Elon made his initial buy. How much lower can it go? We shall see. Elon will keep up the pressure to make these people expose their attitudes. Short sellers incoming!
I think Elon will buy it all at $25/share.

Elon really has backed these lefty pedos into a corner.

- They accept the sale, they get paid but lose power over the town square.
- They don't accept the sale, the stock price crashes, and Elon can buy more at cheaper and cheaper prices.
- Elon decides it's not worth it, and he dumps (worst case scenario for stock HODLers).

All of this because lefty democrat ideas cannot survive the scrutiny of open free discussions. It all collapses without censorship and heavy moderation and curating of the conversation. That's how you know who the bad guys are.

https://dailycaller.com/2022/04/14/elon-musk-poised-first-african-american-own-major-social-media-company-twitter/?source=patrick.net

‘Great Day For Diversity’: Elon Musk Poised To Be First African American To Own A Major Social Media Company

Goran_K says

All of this because lefty democrat ideas cannot survive the scrutiny of open free discussions.

It's not left, it's establishment.

We living under an authoritarian system. The whole purpose of making the Internet was to expose it. Well, now you see it, but you STILL want to think it's LEFT VERSUS RIGHT.

It's not.

It's UP versus DOWN.

Mike Gravel, Tulsi Gabbard, Dennis Kucinich, Ron Paul, Rand Paul, Donald Trump - they are ALL subject to censorship. What do they have it common? Are they LEFT or RIGHT? Or do they just talk truth to power?

If people can't understand what is going on, they can't change it. The left and right were created, ENTIRELY ARTIFICIALLY to be a distraction.

I think it is true, however, that there has been something of a swap in left-right ideology. People who say they are on the left these days were converted into tools of the establishment and never even noticed.




Not that the establishment right is much better. But the left has changed dramatically.

Shaman says

Today after the reveal of the Poison Pill the board inserted into their own company

@Shaman What are the details of how that Poison Pill works?

richwicks says

It's not left, it's establishment.

We living under an authoritarian system. The whole purpose of making the Internet was to expose it. Well, now you see it, but you STILL want to think it's LEFT VERSUS RIGHT.

It's not.

It's UP versus DOWN.

Mike Gravel, Tulsi Gabbard, Dennis Kucinich, Ron Paul, Rand Paul, Donald Trump - they are ALL subject to censorship. What do they have it common? Are they LEFT or RIGHT? Or do they just talk truth to power?

If people can't understand what is going on, they can't change it. The left and right were created, ENTIRELY ARTIFICIALLY to be a distraction.

Yeah I've heard this dumb argument before, but I have to ask, who is the "right establishment", and how much power do they have? Yes you have the Bush and Cheneys, but I don't consider these dudes "true right", more like moderate left with mostly self serving ideologies that do not fit strictly left or right.

So who are the true "establishment" that "claims" to be right/conservative that is waging a culture war right now?

Patrick says

Shaman says

Today after the reveal of the Poison Pill the board inserted into their own company

@Shaman What are the details of how that Poison Pill works?

I believe (and my info may be outdated since I haven't worked on Wall Street for a long time), but basically it will allow the board to issue additional shares for purchase at discounted prices in an effort to dilute existing shareholders. I think that's the basics of it.

The poison pill will flood the market with new shares as soon as any new individuals ownership goes over X%, I think they set it at 15. It's pretty effective, but it will also ruin the price in the long term if there are no other serious bidders as it will dilute everybody. twatter and the leftoid soyborgs are fooked, I'd avoid the stock like the plague now.

Goran_K says

Yeah I've heard this dumb argument before

You're hopeless.

Describe the principles of "the left" and "the right" - the principles they've each held for from 1970 to 2020.

It's not an argument at all and it's not "dumb". People are dumb.

Goran_K says

but I have to ask, who is the "right establishment", and how much power do they have? Yes you have the Bush and Cheneys, but I don't consider these dudes "true right"

The "not a true Scotsman fallacy".

What are the principles of each, fake, non-existent side?

I can tell you the principles of up down. The principle, the only principle of the up - is power. The down is escape from that. You have DUMMIES that think that the powerful will represent them, too stupid to realize they never will. Did the "left" get their $2,000 checks for voting for Biden? Did the "left" get out of all these stupid endless wars by voting for Obama? There's no left or right.

There's right and wrong, and that's it.

Goran_K says

So who are the true "establishment" right that is waging a culture war right now?

It takes two to tango.

People bitch and moan about sick bullshit on television - throw your fucking television away. They whine and complain about censorship done by corporations - stop using them.

All this shit, it just distraction. Do you think Mitt Romney gives a shit about the culture war, or Joe Biden does? Do you think Clinton "felt your pain" or cares about it? Does "the left" care about if the president is mentally incompetent, if he's corrupt, if he's a warmonger? Well, they did, supposedly, when Trump was president, don't now.

It's just the establishment. When we next have a president like George Bush or some other asshole - and we will have one - the standards will change again which means there are no standards.

Our problem is that people are stupidly divided, and that's exactly how the establishment prefers it. Break us up into tiny small groups, fund them, and use them to create havoc. Remember the Feminism in video games bullshit? Where is Anita Sarkeesian now? Arguments are created just to make an argument. It doesn't matter in a free market system, which we no longer have. The fundamental problem is we have an oligarchy, and they aren't left or right, they just want to maintain their position, PERIOD.

richwicks says

Goran_K says

Yeah I've heard this dumb argument before

You're hopeless.

Describe the principles of "the left" and "the right" - the principles they've each held for from 1970 to 2020.

It's not an argument at all and it's not "dumb". People are dumb.

Goran_K says

but I have to ask, who is the "right establishment", and how much power do they have? Yes you have the Bush and Cheneys, but I don't consider these dudes "true right"

The "not a true Scotsman fallacy".

What are the principles of each, fake, non-existent side?

I can tell you the principles of up down. The principle, the only principle of the up - is power. The down is escape from that. You have DUMMIES that think that the powerful will represent them, too stupid to realize they never will. Did the "left" ge...

Not true. The rinos are part of the club, but plenty of principled repubs aren't. On the dem side you have very few and they have zero power against the politbureau. There is such thing as lesser evil, currently far lesser.

richwicks says

Goran_K says

Yeah I've heard this dumb argument before

You're hopeless.

Describe the principles of "the left" and "the right" - the principles they've each held for from 1970 to 2020.

It's not an argument at all and it's not "dumb". People are dumb.

Goran_K says

but I have to ask, who is the "right establishment", and how much power do they have? Yes you have the Bush and Cheneys, but I don't consider these dudes "true right"

The "not a true Scotsman fallacy".

What are the principles of each, fake, non-existent side?

I can tell you the principles of up down. The principle, the only principle of the up - is power. The down is escape from that. You have DUMMIES that think that the powerful will represent them, too stupid to realize they never will. Did the "left" ge...

Okay what are the principles of up/down, and how does Trump fit in?

Also politicians don't have to care about you, they just need to enact and run principled freedom based policies.

Goran_K says

Okay what are the principles of up/down, and how does Trump fit in?

Already stated it but will state it again. The only purpose of the people in power is to maintain their power. They are free from prosecution, they can violate any law they want, they can prosecute the innocent by simply bankrupting them - it's just to maintain their power. A boot stamping on a face forever.

The principles of the down are to get out from under that boot.

For example: Today, ex students are complaining about their student debt load - which was created by the people in power, quite intentionally. Give every single human being the opportunity to go to college, raise tuition, don't expand schools, create worthless degree programs - put them $200,000 in debt for their basketweaving degree.

This expanded the money supply (student debt is considered an asset by the government), and made a bunch of slaves out of people who are now under that debt that can never be forgiven until it is paid off. It was just done to control. No other reason. It was done to create a bunch of slaves.

Now, in the left or the right, who is talking about it in these terms?

And I have no idea how Trump fits in. I think he's just a megalomaniac that wants to throw a wrench into the works. He was a democrat until 2000. I'm sure he's sick and tired of having to put up with the bullshit, and understood it. He spent 4 years PROVING how corrupt the system is and was mercilessly attacked for doing it. The "right" attacked him, a bunch of pedophiles in the Lincoln Project who are STILL unprosecuted spent a ton of time doing this.

The powerful aren't going to do anything that rocks the boat. This means Biden isn't going to be impeached even when he's CLEARLY out of him mind now. Hunter will not be indicted, Nancy Pelosi will be allowed to continue - nothing is going to change. It's EASY to attack the democratic establishment now, they are VERY CORRUPT, but notice nobody does it - because the Republican establishment is equally corrupt.