Elon Musk buys $2.9bn stake in Twitter

[demmiblue]

Source: The Guardian

Elon Musk has built up a 9.2% stake in Twitter, according to filings with the US Securities and Exchange Commission (SEC) on Monday.

Twitter shares jumped 26% in pre-market trading on the back of the news that the world’s richest person holds shares worth almost $3bn in the micro-blogging platform.

Musk, the maverick boss of Tesla and SpaceX who has an estimated $273bn (£208bn) fortune, owned 73,486,938 Twitter shares on 14 March according to the filing. Those shares were worth just under $2.9bn based on Friday’s closing price, but will now be worth about $3.6bn.

Read more: https://www.theguardian.com/technology/2022/apr/04/elon-musk-buys-stake-twitter-share-tesla-spacex

[Casady1]

1. This guarantees

that I will never join twitter.

[lagomorph777]

12. This guarantees that I will never buy a Tesla.

Twit has been a right-wing pustule for years; there was no chance I'd ever sign up.

[Fullduplexxx]

2. Now why would he do that

[catsudon]

8. now he's got free speech

on twitter....

[TreasonousBastard]

3. And we don't have oligarchs?

[2naSalit]

4. Glad I have no acct there...

And never will. Anything EM owns is something I will seek to avoid, I hope more people start to recognize how they elevate assholes to ridiculous heights only to be burned by them over time.

[Javaman]

5. I literally joined twitter about a month ago...

I wasn't overly impressed with it so far, I go it just to get live Ukraine updates.

meh, I'm dumping it now.

[highplainsdem]

6. You don't have to join Twitter to use it. I do keyword searches when I have time to look at it.

I have no interest in seeing every tweet from any account.

[Lovie777]

7. To lift shithole's suspension . . .

[onetexan]

21. exactly what came to my mind

[bucolic_frolic]

9. Calling him Electric Jesus on Twitter, will he lobby to reinstate Trump's Twitter Account?

Cheeto Jesus! Electric Jesus!

You light up my BeJesus!!

[Johnny2X2X]

10. Musk has been vocal about Twitter

He absolutely will lobby for Trump to be allowed back onto Twitter.

[bucolic_frolic]

13. Twitter remains a niche of news and elites

Any return of TDFG would split it, and it might drive ordinary left of center people away for good. Plus there's competition now, so many apps, niche groups. I don't think Twitter a slam dunk going forward.

[Initech]

17. If Trump's back on, I will absolutely delete my account.

[brooklynite]

11. No objection...

As with Facebook, this is a platform, not a delivery system. I don't receive biased political news because I don't subscribe to the people who offer it. Plenty of respectable voices in the Twitterverse.

[Pas-de-Calais]

14. Will cause future issues in 3,2,1,,,

[PatrickforB]

15. This makes me want to hurl. The billionaire parasite Musk will get richer,

the Wall Street greed heads will get richer.

In the meantime, in spite of doing everything right - college, grad school, good job, employer provided healthcare, I have actually had to TAKE OUT A LOAN to pay for additional healthcare costs this year. A LOAN!!!

I'm sorry, but I'm pissed at most of the Democrats to the degree I'm not going to donate any more until I see some action around legislation that will materially help me and my family over the long term - like healthcare, or expanded social security.

(An aside on Social Security - did you all see that Mitt Romney, whose net 'worth' is $300 million, has said he would be all for RAISING THE RETIREMENT AGE YET AGAIN? Did you see that???).

The Republicans are worthless traitors. Our party needs to charge the traitors with treason and other 'high crimes and misdemeanors,' message a WHOLE LOT MORE EFFECTIVELY, get Manchin and Sinema under control, and start passing legislation on healthcare, expanding Social Security WITHOUT caving on retirement age, making public college a whole lot more affordable and debt-free for my kids and grandkids, increasing childcare subsidies so people can return to work, and beefing up K-12 so it is a shining jewel that is the envy of the world.

THAT needs to be the agenda. Nobody batted a congressional eyebrow on the $770 billion war bill this year. Why not actually do some stuff that benefits the actual American people?

Because - GODDAMN IT - I should not have to take out a fucking loan for healthcare costs. The profit motive is in direct conflict with our interests as patients, and we need to PUBLICLY FUND a universal system for all Americans. Hey, why not Medicare?

I'll tell you what - these are my peak earning years and I'd be doing SO GOOD if it wasn't for fucking healthcare costs. It is bullshit that, at age 63, I don't have Medicare and have to take out a fucking loan.

Sorry for the rant, but there it is. I'm not donating a dime because I can't. I owe on a goddamned healthcare loan. Fuck.

[area51]

19. +1 n/t

[rockfordfile]

18. If they put that Russian puppet boycott. let them become Myspace.

[jeffreyi]

20. Too bad.

Twitter is good for wildfire current events, of interest to me. I guess if Twitter gets too toxic, something else will spring up.