https://twitter.com/Avik/status/1514998309190049795?s=20&t=vjco-z59lVcJIhWd2-ddHg
15 Apr, 2022 16:07
HomeBusiness News
More countries agree to ruble payments for gas – Russian deputy PM
Moscow is awaiting decisions from other importers, Alexander Novak says
Several buyers of Russian natural gas have agreed to switch to payment in rubles, Russian Deputy Prime Minister Alexander Novak said on Friday.
“We expect the decision [to switch to rubles] from other importers,” Novak added, in comments published in the ministry’s magazine, without disclosing the identities of the customers who have already switched.
The deputy PM noted that EU countries will likely not be able to completely replace Russian energy in the next 5-10 years. It is impossible to talk about guaranteeing Europe’s energy security without Russian resources, he said.
Russian President Vladimir Putin said on Thursday that some Western countries are failing to pay on time for deliveries of Russian energy. Last month, Putin signed a decree that requires a new payment procedure for Russian gas starting on April 1, for buyers from hostile nations. The measure concerns countries that have imposed sanctions on Russia and have frozen its foreign reserves.
Russia has instructed buyers operating in countries designated as “unfriendly” to open two accounts in Russia’s Gazprombank, one in euros and one in rubles. Payment for gas would go to the euro account, after which the bank would exchange it into rubles. State-owned Gazprom will consider payments complete once the rubles arrive.
Hungarian Foreign Minister Peter Szijjarto said this week the country is ready to pay for Russian gas in accordance with the proposed scheme. Szijjarto added that his country does not believe this violates the EU’s sanctions regime.
On Friday, Armenia’s economy minister, Vahan Kerobyan, told Russian media outlet RBC that Yerevan has made several payments for natural gas in rubles.
https://www.rt.com/business/553939-countries-ruble-payments-gas/
15 Apr, 2022 16:38
An Elon Musk-owned Twitter is a scary prospect for the establishment
Nothing is more frightening to some than a renegade billionaire who declares himself a “free speech absolutist”
A disruptor and visionary, Elon Musk’s actions and personality embody the spirit of Silicon Valley’s once-vaunted mentality of disruptive techno-Darwinism. While much of the tech industry has become quite content to embrace the certainty offered by the establishment once they made their billions, Musk – now the world’s richest man – is a one-man earthquake, and Twitter has become ground zero for his latest shakeup.
Musk’s philosophy of going outside the norm and doing things his own way is a net positive for humanity, as exemplified through his work on electric vehicles, renewable energy, and space travel – and his attempt to curtail the destruction of free speech through the acquisition of Twitter is no different.
“Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy,” Musk declared, weeks before he made his purchase of Twitter stock. And on Thursday, Musk announced that he wants to take over the company in its entirety.
“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” wrote Musk in his letter to the company’s board of directors. “However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.”
Musk’s advocacy for free speech even extends to his own internet platform, Starlink. After providing internet access to Ukraine, Musk famously refused to censor Russian news sources on his satellites, despite being “told” to do so by “some governments.”
Whether anyone likes it or not, Twitter has become the only viable venue for political, social, and cultural discourse – a platform where anyone with any amount of influence has a say, either directly or through a proxy. Knowing this, progressives and US Democrats rolled into the company to weaponize its algorithms to promote their own narratives while disempowering conservatives and other dissident voices.
In recent weeks, Amazon, Google, and Meta-owned social media platforms like Twitch, YouTube, and Facebook made it all but impossible to offer any divergent viewpoints on the conflict in Ukraine, prohibiting criticism and even factual rebuttals of blatant propaganda as “Russian disinformation.” And, in many cases, creators are simply being banned for the crime of being born in the wrong country.
Rather than allowing debate, these platforms have banned users for “promoting hate speech.” Indeed, unless you know to keep your mouth shut on the subject, your presence is unwelcome by the platforms who’ve all but whitewashed atrocities in the Donbass and invite the glorification of war criminals like the Azov Battalion.
To its credit, Twitter’s crackdown on free speech has been somewhat less severe in comparison to its rivals, although it has seen fit to add content warnings to the Russian media. Bans of Russian accounts like the popular “Russians With Attitude” podcast were, by and large, prompted by mass reports (and in some cases reversed) rather than through direct action by Twitter itself.
But make no mistake, Twitter is no model for free speech. While the platform may not be as harshly censorious of topics surrounding Ukraine, the platform continues to crack down on women’s rights activists who raise their voices against transgender ideology. Even satire, like jokes about transgender US Admiral Rachel Levine, are a bannable offense.
Musk’s attempt to take over Twitter can’t come at a more crucial time. With free speech under constant attack, and with the US midterm elections just months away, who controls Twitter could very well decide the outcome of America’s sociopolitical landscape for years to come.
The Tesla founder’s latest move has riled up the establishment. Axios, a publication that brands itself as a clinical and analytical source, broke its own rules by comparing Musk to a Marvel movie supervillain who is “commanding seemingly unlimited resources with which to finance his mischief-making.”…
https://www.rt.com/news/553949-elon-musk-acquire-twitter/
15 Apr, 2022 16:40
Germany suggests ways to ‘annoy’ Putin
Germans should start working from home and use bicycles instead of cars to reduce energy consumption, the vice chancellor says
Kinda sounds like they are irritating their own citizens
Every German should contribute to reducing the nation’s dependence on Russian energy, federal Vice Chancellor and Economy Minister Robert Habeck told the Funke Media Group on Friday, as he called on fellow citizens to start reducing their energy consumption, while offering several tips.
“As a rule of thumb, I would say: saving 10% is always possible,” Habeck said, urging “everyone to make a contribution to saving energy now” and announcing a government campaign. The Green politician said saving energy is not only part of the effort to “become more independent from Russian imports,” but also a “big joint project” that will help Germany in the long run.
“It will make it easier on the wallet and annoy [Russian President Vladimir] Putin,” the minister said, adding that “we will protect climate on top of that.” The list of measures suggested by the minister involves using bicycles instead of cars, and “not just on Sundays,” as well as allowing people to work from home, as it had been during the Covid-19 pandemic lockdowns.
People could work from home at least “one or two days a week on a voluntary basis for the time being,” Habeck said. Drawing the curtains while heating the apartment in the evening could save up to 5% of energy consumption, the minister believes. Lowering the room temperature by one degree would save another 6%, he added, arguing that, though it “may not be quite as comfortable, you are not freezing yet.”
Habeck also insists on supplying Ukraine with more weapons amid its ongoing military standoff against Russia. “More weapons must come,” he said on Friday, adding that Berlin cannot leave Kiev “alone.”
“Ukraine must not lose; Putin must not win,” he stated, though Berlin also has a responsibility to Germans and must avoid making Germany “a target,” adding that Germany has created a framework in which it “delivers everything that is possible,” but this “does not include tanks or fighter jets so far.”
The minister also noted that the Leopard 1 tanks which German defense company Rheinmetall reportedly considered sending to Ukraine earlier this week are in fact not combat-ready, and making them so could take months.
https://www.rt.com/news/553943-germany-energy-saving-economy-minister/
15 Apr, 2022 15:34
HomeBusiness News
EU member state’s debt hits all-time high
According to the Bank of Italy, the number increased by 2.1% compared to December
The sovereign debt of Italy has set another record, nearly €2.74 trillion, the country’s central bank reported on Friday.
According to the latest data published by the Bank of Italy, the nation’s debt increased by 2.1% compared to December. In monetary terms, the growth totaled nearly €59 billion.
“This is a historical record! If we were talking about the debt of each family, then it would amount to €104,482 – a debt for a heart attack,” Massimiliano Dona, the president of Italy’s National Consumers Union, said regarding the latest surge.
Italy’s national debt began growing in January, when, after a two-month break, it again exceeded €2.7 trillion.
READ MORE: Number of EU country’s farms at risk of closure revealed
The previous all-time high was reached in August 2021, when it amounted to €2.735 trillion. By December, it dropped to €2.6784 trillion, making up 150% of the country’s GDP.
https://www.rt.com/business/553945-italy-record-state-debt/
15 Apr, 2022 14:26
British captive who fought in Mariupol describes ‘reality’
The Ukrainian forces have shown “lack of care” for civilians, Aiden Aslin claims
The situation in the Ukrainian port city of Mariupol is “catastrophic,” and the Ukrainian forces are largely to blame for it, a UK citizen identified as Aiden Aslin, who reportedly fought in the city, said in a video obtained by RT.
The British man apparently surrendered to Russian forces along with Ukrainian marines earlier this week.
Aslin said that when he joined the Ukrainian military in 2018, he believed he was with the “good side.” He explained that the situation in Mariupol was “an eye-opener” for him, claiming he sought to convince his commanders to leave the city, but they chose to stay, not least because Kiev supposedly wanted them to stay.
“The situation in Mariupol is catastrophic. It could have been avoided should Ukraine have left but they chose to stay. Zelensky had a big role [in this decision]. He could have told them to leave but they stayed. I did not want this, I wanted to leave because we do not need war,” Aslin can be seen saying in the video.
What he saw in the city during the weeks of heavy fighting also influenced his views on the Ukrainian military. “It was like seeing reality for the first time,” Aslin said, adding that he witnessed a “lack of care for civilians” on the part of the Ukrainian military.
“They [the Ukrainian soldiers] looted supermarkets when civilians needed food to survive in the encircled city; they [the military] took food from the supermarkets. They would stop civilians [from] going out to get water. They would stop civilians from taking water from a supermarket that had been looted; water they had themselves taken.”
“They are criminals,” he added, referring to the Ukrainian soldiers, when asked about the Ukrainian military allegedly killing civilians in the city.
The man, who claims that previously he joined the Kurdish forces in Syria to fight Islamic State (IS, formerly ISIS), says he wants nothing more than to go home to his family and does not want to join any foreign military again, because he is “done for, after Mariupol.”
https://www.rt.com/russia/553933-british-captive-mariupol-ukraine-reality/
15 Apr, 2022 13:03
HomeWorld News
It appears that the West doesn’t want peace in Ukraine
Rather than pursuing a truce, the US and allies are doing all they can to turn the Ukraine conflict into a proxy war against Russia
By Timur Fomenko, a political analyst
After spending the first month of the Russia-Ukraine conflict calling for Russia to withdraw, it is now increasingly apparent that the US and its allies have changed course and are set on an ambition to drag out the conflict to impose as much damage on Moscow as possible, in particular by intensifying weapon supplies, and providing training and intelligence for the Ukrainian Army. Although it was, of course, Moscow that made the choice to initiate the conflict in the first place, it has always been abundantly clear that the US viewed the situation in absolutist terms.
Washington opposed any kind of prior compromise between Russia and Ukraine that may have helped avoid hostilities, which encouraged Zelensky’s overconfidence in refusing to negotiate. The same situation is panning out now. Washington does not want the war to end in a swift settlement whereby Ukraine makes concessions to Russia, because the ideal outcome is to ensure Moscow takes as much damage as possible, which means that a war of increasing escalation is in fact in the US’ interests.
There are several reasons for this. First of all, Russia’s tactical withdrawal from the north of Ukraine and a renewed focus on Donbass appears to have given confidence to the West that they can succeed in undermining Putin’s ‘core war goals’. Secondly, intensifying the conflict and escalation gives the West the political space to continue to impose more sanctions on Moscow and allows the US to impose more ‘unity’ on its European allies.
Washington has also calculated that the broader context of this conflict will allow it to push harder for China’s isolation, force countries to take sides and expand military blocs. It has been reported recently that the US is seeking for Japan to join the AUKUS alliance and to expand the military containment of China. Recent comments by Janet Yellen also demanded Beijing oppose the Russian offensive in Ukraine or risk “losing standing” in the world. In other words, the more the US can prolong this, the more geopolitical outcomes it can get in its favour.
This escalation scenario for Russia, however, risks turning the Ukraine crisis into a new ‘great patriotic war’ – that is, a conflict in which the survival of the nation itself is at stake. Why so? The United States and its allies have made it no secret that they want the war to end in failure for Russia. Some of them would like nothing more than for a military failure to precipitate the downfall of President Putin and the government – even if the only straight-up regime change call was ostensibly a slip of the tongue by US President Joe Biden. This confirms the Kremlin’s long-held suspicions about the true intentions of the West and the goals behind the expansion of NATO.
In conclusion, this means we’re now going into very dangerous territory. The US and its allies could not be clearer that they never wanted peace or compromise and are escalating the situation in Ukraine as a bid to affirm their own geopolitical hegemony over the world, be it against Russia, India, or China. For Russians, this becomes an ever-growing struggle against the Western bid to dominate, coerce, and subjugate their country, with Ukraine as the sacrificial pawn.
(It was always a clean mission destroy all evidence in Ukraine, and destroy Putin who has a lot of dirt on all of them)
https://www.rt.com/news/553925-west-want-war-moscow/
Shit, awful. Been happening here ever since the clintons in WH or earlier.
https://twitter.com/ClayTravis/status/1515012525682790413?s=20&t=9MkJQNUVM5VdQk1SgOLZ5w
https://twitter.com/AuronMacintyre/status/1515011202509910024?s=20&t=9MkJQNUVM5VdQk1SgOLZ5w
I personally think Musk amd advisors factored this in and had a strategy set up fof this. No one spends 41 Billion without a plan B and Elon said he had one, and he doesnt like to lose. The Board must be serious morons (or spooks)
Example of limited duration of shareholders rights. I think Twittet fucked up here because shareholders would have received a 28% premium of where its at now. The stock is taking a deep dive I bet, its at $46.05 right now
The Rights Plan is intended to enable the Company’sshareholders to realize the long-term value of their investment, ensure that all shareholders receive fair and equal treatment in the event of any proposed takeover of the Company, and to guard against tactics to gain control of the Company without paying all shareholders an appropriate premium for that control. The Rights Plan applies equally to all current and future shareholders and is not intended to deter offers or preclude the Lee Board from considering offers that are fair and otherwise in the best interest of the Company’s shareholders.
"Consistent with its fiduciary duties, Lee’s Board has taken this action to ensure our shareholders receive fair treatment, full transparency and protection in connection with Alden’s unsolicited proposal to acquire Lee," said Lee Chairman Mary Junck. "This Rights Plan will provide Lee’s Board and our shareholders with the time needed to properly assess the acquisition proposal without undue pressure while also safeguarding shareholders’ opportunity to realize the long-term value of their investment in Lee."
The Rights Plan is similar to plans adopted by other publicly traded companies. Pursuant to the Rights Plan, the Company is issuing one right for each share of common stock as of the close of business on December 6, 2021. The rights will initially trade with Lee common stock and will generally become exercisable only if any person (or any persons acting as a group) acquires 10% (or 20% in the case of certain passive investors) or more of the Company’s outstanding common stock (the "triggering percentage"). The Rights Plan does not aggregate the ownership of shareholders "acting in concert" unless and until they have formed a group under applicable securities laws. If the rights become exercisable, all holders of rights (other than any triggering person) will be entitled to acquire shares of common stock at a 50% discount or the Company may exchange each right held by such holders for one share of common stock. Under the Rights Plan, any person which currently owns more than the triggering percentage may continue to own its shares of common stock but may not acquire any additional shares without triggering the Rights Plan. The Rights Plan does not contain any dead-hand, slow-hand, no-hand or similar feature that limits the ability of a future board of directors to redeem the rights.
The Rights Plan has a one-year term, expiring on November 23, 2022. The Board may consider an earlier termination of the Rights Plan as circumstances warrant.
https://finance.yahoo.com/news/lee-enterprises-adopts-limited-duration-211500661.html
https://twitter.com/zerohedge/status/1515006203591602176?s=20&t=9MkJQNUVM5VdQk1SgOLZ5w
Here’s all the board of directors and announcement, anyone feel like digging
https://investor.twitterinc.com/corporate-governance/board-of-directors/default.aspx
Kek
https://twitter.com/zerohedge/status/1515018721533775876?s=20&t=9MkJQNUVM5VdQk1SgOLZ5w
Twitter Board Adopts "Poison Pill" To Thwart Musk Takeover, Exposing Itself To "Titanic" Legal Liability
They all fucked themselves, class action lawsuits can be costly!
As was widely expected and reported in the aftermath of Elon Musk going hostile on Friday morning, on Saturday morning Twitter adopted a measure that will shield it from hostile acquisition bids in a desperate step to prevent billionaire Elon Musk’s offer to take the company private and make it a bastion of free speech.
The board set up a shareholder rights plan, also known as a "poison pill" which as we clarified yesterday for the benefit of the company's overly dramatic, overly literal and overly snowflake employees, is not literal…
… and which is exercisable if a party - read Elon Musk - acquires 15% of the stock without prior approval, lasting for one year (if the pill had expired the day after the midterms it may have been a bit too obvious). The plan seeks to ensure that anyone taking control of Twitter through open market accumulation pays all shareholders an appropriate control premium, according to a statement Friday.
For a company that has struggled greatly with value creation - on Friday TWTR stock closed at $45.08, or 18 cents higher than where it closed on its first day as a public company, or $44.90 - a poison pill defense strategy allows existing shareholders the right to purchase additional shares at a discount, effectively diluting the ownership interest of the hostile party. Poison pills are common among companies under fire from activist investors or in hostile takeover situations.
Under Twitter’s plan, each right will entitle its holder to purchase, at the then-current exercise price, additional shares of common stock having a then-current market value of twice the exercise price of the right.
Twitter enacted the plan to buy time, Bloomberg reported citing a person familiar with the matter, although it wasn't clear time for what: at $54.20,Musk's offer represents a premium to the historical TWTR price since IPO on 92% of the time.
… is about to get bombarded with a barrage of lawsuits claiming it violated its fiduciary duty, the board also said it wants to be able to analyze and negotiate any deal, and may still accept it (spoiler alert: it won't).
Twitter’s board met Thursday to review Musk’s proposal - which according to the world's richest man was his “best and final” offer and who had already accrued a stake of more than 9% in Twitter since earlier this year - to determine if it was in the best interest of the company and all of its shareholders.
Included in Musk’s securities filing disclosing the bid Thursday morning was a script of text he sent to the company. In it he said, “it’s a high price and your shareholders will love it.” Hilariously, one prominent - and former - investor said the offer was too low and the market reaction appeared to agree. Saudi Arabia’s Prince Alwaleed bin Talal said the deal doesn’t “come close to the intrinsic value” of the popular social media platform. Which is, well, hilarious since as we showed yesterday, it appears the Prince no longer has direct ownership of even one share of Twitter stock…
https://www.zerohedge.com/markets/twitter-board-adopts-poison-pill-thwart-musk-takeover-exposing-itself-titanic-legal
Q posts class action lawsuits. April 9 delta, did Musk buy the stock on April 9th, meaningful
@jack just fucked himself
https://qposts.online/?q=class+action&s=keyword
Elon Musk accused of breaking law while buying Twitter stock
Elon Musk’s huge Twitter investment took a new twist Tuesday with the filing of a lawsuit alleging that the colorful billionaire illegally delayed disclosing his big stake in the social media company so he could buy more shares at lower prices
By MICHAEL LIEDTKE AP Business Writer
April 12, 2022, 9:24 PM
(I think think this lawsuit is BS. Why should shareholders have trading info on anyone, esp someone that would drive up the stock and they would have to pay more)
SAN FRANCISCO – Elon Musk’s huge Twitter investment took a new twist Tuesday with the filing of a lawsuit alleging that the colorful billionaire illegally delayed disclosing his stake in the social media company so he could buy more shares at lower prices.
The complaint in New York federal court accuses Musk of violating a regulatory deadline to reveal he had accumulated a stake of at least 5%. Instead, according to the complaint, Musk didn’t disclose his position in Twitter until he’d almost doubled his stake to more than 9%. That strategy, the lawsuit alleges, hurt less wealthy investors who sold shares in the San Francisco company in the nearly two weeks before Musk acknowledged holding a major stake.
Musk's regulatory filings show that he bought a little more than 620,000 shares at $36.83 apiece on Jan. 31(kek, buying since January) and then continued to accumulate more shares on nearly every single trading day through April 1. Musk, best known as CEO of the electric car maker Tesla, held 73.1 million Twitter shares as of the most recent count Monday. That represents a 9.1% stake in Twitter.
The lawsuit alleges that by March 14, Musk's stake in Twitter had reached a 5% thresholdthat required him to publicly disclose his holdings under U.S. securities law by March 24. Musk didn't make the required disclosure until April 4.
That revelation caused Twitter's stock to soar 27% from its April 1 close to nearly $50 by the end of April 4's trading, depriving investors who sold shares before Musk's improperly delayed disclosure the chance to realize significant gains, according to the lawsuit filed on behalf of an investor named Marc Bain Rasella. Musk, meanwhile, was able to continue to buy shares that traded in prices ranging from $37.69 to $40.96.
The lawsuit is seeking to be certified as a class action representing Twitter shareholders who sold shares between March 24 and April 4, a process that could take a year or more.
Musk spent about $2.6 billion on Twitter stock — a fraction of his estimated wealth of $265 billion, the largest individual fortune in the world. In a regulatory filing Monday, Musk disclosed he may increase his stake after backing out of an agreement reached last week to join Twitter's board of directors.
Jacob Walker, one of the lawyers that filed the lawsuit against Musk, told The Associated Press that he hadn't reached out to the Securities and Exchange Commission about Musk's alleged violations about the disclosure of his Twitter stake. “I assume the SEC is well aware of what he did," Walker said.
An SEC spokesperson declined to comment.
The SEC and Musk have been wrangling in court since 2018 when Musk and Tesla agreed to pay a $40 million fine t o settle allegations that he used his Twitter account to mislead investors about a potential buyout of the electric car company that never materialized. As part of that deal, Musk was supposed to obtain legal approval for his tweets about information that could affect Tesla's stock price — a provision that regulators contend he has occasionally violated and that he now argues unfairly muzzles him.
Musk didn't immediately respond to a request for comment posted on Twitter, where he often shares his opinion and thoughts. Alex Spiro, a New York lawyer representing Musk in his ongoing dispute with the SEC, also didn't immediately respond to a query from The Associated Press.
https://abcnews.go.com/Business/wireStory/elon-musk-accused-breaking-law-buying-twitter-stock-84045275
Experts Explain: Why Did Elon Musk Buy A 9% Share Of Twitter?
Jenna Gleespen - April 11, 2022
Recently, news hit that Elon Musk became Twitter’s largest shareholder. But why did Elon Musk buy a 9% share of Twitter? We spoke with 9 experts in the finance industry to get their take.
Here’s what they say:
“I think Elon Musk’s goal with this investment is to further his relevance in the cryptocurrency world. It’s no secret that Twitter will be integrating a crypto wallet and tips in the near future, which will surely up its value.
Not only that but now he is one of the top shareholders of the company, which could have disastrous implications depending on how you choose to look at it.
Elon Musk’s tweets have already been known to rock the crypto world and influence prices, notably Bitcoin, Dogecoin, and Shiba Inu. So now that he pretty much owns Twitter, which will give him even more clout on the internet than he already had.
This could lead to the preference given over certain cryptocurrencies, such as Dogecoin being integrated on Twitter wallets instead of Shiba Inu, for instance.
So overall I think this can’t be good for the crypto world and takes it a step further from decentralization, particularly when it comes to social media and web presence.
Twitter could become a monopoly of sorts, influencing the crypto markets based on what cryptocurrencies they support and what ads they choose to run.
Either way, this should be interesting going forward, and perhaps Musk’s influence as a Twitter shareholder could help accelerate mainstream adoption of cryptocurrency in the best-case scenario.”
“Musk has stated he intends to ‘make significant improvements to Twitter in the coming months.’ The fact that he said that via a tweet does provide some evidence of why he bought a controlling stake in the company.
He sees it as a useful platform with a profitable future ahead of it, even with his recent critiques.
What those changes he wants to make actually are, only Musk knows. Yet he’s secured a spot on the board of directors and has already discussed some ideas: an edit button for tweets, making the algorithm open source, and some more general chatter about free speech.
At the end of the day, board members and shareholders alike want to see the company’s value rise, and Twitter’s stock is down about 20% since this time last year. They’re not the only tech company that’s seen its value fall in recent months.
Perhaps it’s just a matter of injecting new ideas and exerting more control over a platform he knows very well, with the simple bottom line of making more money.”
“Twitter is a cross-generational social media platform that often manages to share news stories, before mainstream media outlets and allows anyone and everyone to effectively participate in the “news” by offering their opinions on, and about it.
And, as a vehicle for publicity, it’s second to none as with a single tweet, any company or brand can reach millions of interested people.
As for why Musk bought the stake that he did, it’s because he can have a say in how the platform is run and now has a social media business that he can help to adapt, develop, and future proof and share in the dividends that it will produce in the future. It’s a solid digital investment.
He did it to develop, and aid in the future evolution of Twitter and push it as the social media communication tool and news outlet of choice for every generation and increase, and diverge his company portfolio. “
Jared Stem, the CEO of Uplift Legal Funding, tells us:
“He has the power to buy out and change the internal functioning. It is too soon to comment upon that. However, it is a known fact that Musk is unhappy with how undemocratic Twitter operates.
The investment could mean a new stride for Twitter, with an internal shareholder advocating for increased freedom of speech.Musk also hinted at creating his own social media platform. His investment signals his interest in furthering that thought by understanding a potential rival.”…
(I think Musk wanted the technology to use and grow other endeavors) I posted this tweet this am, Musk knows twitter is a gold mine.
https://www.thestockdork.com/elon-musk-twitter/
Who is he?
So was April 8th the day he turned down the board offer, if so its a delta or close
This guy is a freak and a danger to anyone that wants privacy. I wouldnt be surprised if le Pen wins now
None, they’ve lost $200 billion
Power Over Profits: Here’s The Dirty Little Secret Behind The Media’s True Business Model
Bezos’ and Murdoch’s attitudes toward media explain why Twitter is so valuable despite losing over $2 billion since its launch.
When Twitter went public back in 2013, it was an unprofitable company. More than two years later, that hasn’t changed. In fact, the company revealed in its annual 10-K filed Feb. 29 that it has lost more than $2 billion in total since launching a decade ago.
Twitter had already accrued more than $400 million in losses before going public, but that figure exploded upward after its IPO, largely due to stock-based compensation awarded to employees. The company lost $520 million in 2015 alone. [Time]
Twitter was allowed to operate at such a massive loss because it has aprofound influence on shaping narratives that in turn influence the population.
https://www.revolver.news/2020/10/free-market-vs-marketplace-of-ideas-tucker-carlsons-stratospheric-ratings-teach-us-that-the-media-is-about-influence-not-profit/
I like Papi and the connections he makes are important. He put the song “Hold On, I’m Coming” on a tweet before Trump took stage at the rally. And Trump played it for the first timd at the end of the rally, the sane night, a couple of months ago
So true and @jack will be out! Thats gotta scare all of them