Stock went up 3% on news that Musk deal went through.
Stock went up 3% on news that Musk deal went through.
Did it go through?
I'll update... it did. Nice upturn for me today.
Yep - the wailing & gnashing has begun - the wearing of sackcloth + ash has been authorized !
[lol (c) to Storch]
My Earth Day Offering to the Visigoth Gods must have paid off.
You know Salty Cracker will make a good video for this occasion.
Someone should drown that ideologue in his own shit.
The Tinyhanded Retard loses again:
April 25, 2022 4:28pm Updated
The firm linked to Trump's "Truth Social' has slumped in the days since Elon Musk disclosed his Twitter stake.AFP via Getty Images
Billionaire Elon Musk’s deal to buy Twitter has sparked a selloff of shares for one of the platform’s would-be rivals – former President Donald Trump’s fledging Truth Social network.
Shares of Digital World Acquisition Corp, the SPAC planning to take Truth Social public if it can gain regulatory approval, were down 13% by late Monday afternoon, when Twitter’s board announced it would accept Musk’s offer to buy the company for $54.20 per share.
The stock is down nearly 50% over the last month and nearly 40% since April 4, the day Musk first disclosed he had acquired a stake in Twitter.
Musk has pledged to take Twitter private and overhaul the company’s policies with an emphasis on protecting free speech. That could spell trouble for Truth Social and other rival platforms that launched as an alternative to Twitter after the company’s past leadership faced accusations of censoring conservative voices.
“Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated,” Musk said in a press release after the deal was announced. Twitter’s board agreed to accept Musk’s offer to buy the company for $54.20 per share.AFP via Getty Images
Trump had one of Twitter’s most popular accounts – amassing nearly 90 million followers – until he was banned from the platform and other prominent social media venues following the Jan. 6 Capitol riot.
Some Trump supporters have urged Musk to reinstate the former president’s account. But Trump told Fox News that he does not intend to return to Twitter even after Musk completes his takeover of the company.
“I am not going on Twitter, I am going to stay on Truth,” said. “I hope Elon buys Twitter because he’ll make improvements to it and he is a good man, but I am going to be staying on Truth.” Musk has vowed to overhaul Twitter with an emphasis on protecting free speech.REUTERS
Trump’s remarks echoed the stance he outlined than an interview earlier this month with Siriux XM’s Americano Media, when he said that he “probably wouldn’t have any interest” in returning to Twitter.
“Twitter’s become very boring. They’ve gotten rid of a lot of good voices on Twitter, a lot of their conservative voices,” Trump said at the time.
What do you think? Post a comment.
But Truth Social faced issues even before Musk bought Twitter. The company’s heads of technology and product development quit earlier this month under unclear circumstances.
The social media app has also battled various technical issues – with many users stuck on a waitlist or unable to access the platform long after its launch in Apple’s App Store in February. Trump himself has barely used the app.
Do you jerk off to these news bites you post?
I mean seriously, one social media stock dipping because of a deal on another is not news. It’s just not. Unless you’re a snowflake.
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In this article
Former U.S. President Donald Trump speaks during a rally to boost Ohio Republican candidates ahead of their May 3 primary election, at the county fairgrounds in Delaware, Ohio, U.S. April 23, 2022. Gaelen Morse | Reuters
“No, I won’t be going back on Twitter,” Trump told CNBC’s Joe Kernen.
“I will be on Truth Social within the week. Its on schedule. We have a lot of people signed up. I like Elon Musk. I like him a lot. He’s an excellent individual. We did a lot for Twitter when I was in the White House. I was disappointed by the way I was treated by Twitter. I won’t be going back on Twitter,” he said.
Everyone on Twitter’s board should be fired, says Josh Brown
Twitter permanently suspended Trump from the platform in January 2021 following the attack by his supporters on the U.S. Capitol. The company said it made the decision after the Jan. 6 riot “due to the risk of further incitement of violence.” Trump had more than 80 million followers on the platform.
Questions over whether Trump would be allowed back on Twitter arose after Musk announced he was interested in acquiring the company in part to make it a platform for free speech.
“It’s just really important that people have the, both the reality and the perception that they are able to speak freely within the bounds of the law,” Musk said during a recent TED interview. Musk added he is not a fan of permanent bans, favoring suspensions. The CEO of both Tesla and SpaceX has often used Twitter to crack jokes and promote his business interests, from his companies to cryptocurrencies he’s eyeing.
Trump has posted just once on Truth Social, which has been billed as a free speech alternative to Big Tech platforms. It falls under the former president’s Trump Media & Technology Group, which is poised to merge with Digital World Acquisition Corp. Shares in the stock plunged nearly 13% on Monday after Twitter announced it accepted Musk’s offer to take the company private.
Well that only makes sense---he'd be undermining his own product
It will be sold onto Meta by end of the year or "Early Q1/2 2023" according the money movers in silicon valley, Snapchat by Q1 2024 based on the terms of the current agreements with shareholders.
So that means by the end of 2024, Meta will own Facebook, Twitter, Whatsapp, Instagram and Snapchat.
At what point do we panic?
Or maybe im just trolling, but then again I could not make up the consolidation of the tech world.
I may actually sign up for Twitter now.
A social media platform that actually allows free speech... that might be fun.
I think it'll be mostly marketing hype though. Lawyers ulmately decide what sort of speech will be allowed.
They will filter out profanities, like any (OTHER) forum would
Under their current rules, I can vouch that you cannot call Ann Coulter a stupid bitch without a 7-day vacation