Twitter under fire for reinstating account that posted child sex abuse::undefined

  • ConditionOverload@lemmy.worldEnglish
    29·
    1 year ago

    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.worldEnglish
      254·
      1 year ago

      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.worldEnglish
        182·
        1 year ago

        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.worldEnglish
          11·
          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.worldEnglish
        51·
        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.

    • sci@feddit.nlEnglish
      11·
      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).