Scholarship table
Why buy the previous social network phenomenon instead of the next one? Twitter is washed
What's the next phenomenon? I'd like to buy a cottage in Nova Scotia or Ireland. I was thinking Twitter could go down to 35 and I could take advantage but if they're washed up perhaps other options make more sense.
Thats fine, but id argue none of those people were remotely similar to Musk in this case. Milken, Boesky, and Raj were all Wall St bigwigs trying to get to or stay on top. Martha had a dirty broker. None of them were literal billionaires doing things that would constitute potential crimes for comparatively small amounts.Also, Enron was using illegal accounting within 5 years of forming, it was happening for a decade plus by the time they got caught.If you think Musk has been illegal and criminal since the early days of Tesla, then ok. I don't agree with you but at least I can see the argument. Otherwise it feels like a very rich dude f-ing with the SEC (who he's often sparred with) and company he's long had a connection to. I'm not justifying it, I'm not saying he shouldn't be accountable if indeed there were misdeeds, I just view it differently, thats all.There was a story a number of years ago in India about a group of guys in their early 20s who tried to steal a bunch of diamonds from one of the factories. They were all wealthy kids, a number of whom were from diamond families. They thought it would be fun, exciting, and why the hell not. Cause they had been fabulously wealthy, spoiled, and without discipline or accountability most of their life. Still illegal and criminal, but it wasn't about the money, and I view it as a different sort of act or motivation than the famous diamond heists in Antwerp or whatnot.
As usual, you’re the voice of common sense and logic around here. Thank you.
So the story about the diamonds, because they were rich and they were doing it fun, they shouldn’t be held accountable to the same standards and laws as others? This isn’t a “gotcha” post, but this also to JWags, who shared this interesting anecdote of “well, rich kids were just doing this for kicks, so yeah, that should be taking into account”
He's manipulating stock prices for a few hundred million when he's worth $250B and is selling all his possessions? Unlikely. Its not like he said he'd offer $100 a share. Its an ego play, pure and simple. He wants to remake Twitter how he wants or cause chaos while trying.Worse manipulation happened weekly or daily during the height of the pandemic.Hedge/PE funds and companies do this stuff all the time, in far more impactful ways and the SEC does nothing. But good luck with your wealth tax Lizzie
Oh it had nothing to do with them avoiding accountability. They are insufferable miserable people who deserve everything they got, regardless of their motive. I wasn't meaning to excuse anything. Just that I viewed that crime and its motive differently than committing the crime to try and get rich. F them all the same. I can see where that got confusing.It was more further explanation of me saying how I didn't think Musk was doing this as a profit motive, grey area or criminal or whatnot...in response to Pakuni's assertion that there is no length that wealthy wont go to accrue more wealth. In that example, those kids were doing something they thought they could get away with, that had potential financial windfall, but that wasn't their reason for doing this. Just as I don't think Musk did this, illegal or not, just to make some, for him, insignificant coin.
Intentionally or not, you're badly reading/mistating what I wrote.If you were to go back and read it, you'd probably find that you agree with me.What I wrote was:"I would suggest that wealth is a secondary motive to gaming the system."Isn't that the exact same thing as what you're suggesting with your example of the Indian diamond thieves? As with those thieves, Musk isn't gaming the system because he need/wants more money..He's gaming the system because he can and because he enjoys gaming the system.
Wow Bezos owns WaPo now Elon with Twitter, does Zuckerburg buy MUScoop next???
Just Elon being Elon. Good clean fun.
Good clean fun, indeed.He has a strong authoritarian bent. Wants to provide a widespread platform for those seeking to overthrow the American way of life.
I’ll be curious how much changes. My guess is, there will be a lot of huffing and puffing and users won’t notice many changes.Follow who you want and ignore who you want is pretty easy right now on Twitter. If that changes, then it becomes unusable to me
The minute they kill the chronological timeline and force me to the algo I'm gone.
Exactly. My guess is he monetizes it more, and removes some bans (Trump). If he goes further than that, the platform will die.