Sources: PayPal Mafia members, Jack Dorsey, and others who disliked Twitter's direction pushed Musk to launch a bid; Musk is dismayed that Trump is still banned
Behind the scenes, fellow billionaires and internet provocateurs bent Tesla CEO's ear; Jack Dorsey's role — Elon Musk unveils the Tesla Model Y in 2019.
Wall Street Journal
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Discussion
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@jack
@jack
on x
I have tried taking a break from Twitter recently, but I must say: the company has always tried to do its best given the information it had. Every decision we made was ultimately my responsibility*. In the cases we were wrong or went too far, we admitted it and worked to correct.
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@vitalikbuterin
@vitalikbuterin
on x
The largest consequence of Elon taking over Twitter may well be not any specific policy decision he makes, but rather the morale effect of his supporters feeling emboldened and his detractors feeling like they are arguing on enemy territory. This is happening already.
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@anthony
Anthony DeRosa
on x
Friends of Elon Musk who disliked Twitter's direction—including Peter Thiel—secretly pushed him to launch a bid for the platform. Twitter executives say they became aware of his budding friendship with then-CEO Mr. Dorsey https://www.wsj.com/...
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@margarita
Margarita Noriega
on x
After the club go to Truffoni's for sloppy steaks. They'd say; ‘no sloppy steaks’ but they can't stop you from ordering a steak and a glass of water, before you knew it we were dumping that water on those steaks! https://www.wsj.com/...
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@caseynewton
Casey Newton
on x
It really is a shame Jack Dorsey never had any influence over Twitter's direction https://twitter.com/...
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@mattzeitlin
Matthew Zeitlin
on x
the full story confirms basically everything you think: musk was being cheered on by right wing tech executives, he thinks people are being shadowbanned based on politics, and he's very concerned about the babylon bee https://www.wsj.com/... https://twitter.com/...
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@anthony
Anthony DeRosa
on x
Charles C. Johnson, banned in 2015, texted Jared Birchall, the head of Elon Musk's family office asking when he might get his Twitter account back. “Hopefully soon,” Mr. Birchall responded https://www.wsj.com/...
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@damienmulley
@damienmulley
on x
Thiel? Shocked https://twitter.com/...
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@pmarca
Marc Andreessen
on x
A whole giant edifice of preference falsification is wobbling, and all the right people are nervous. https://twitter.com/...
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@mehdirhasan
Mehdi Hasan
on x
A related issue: how on earth is an accused Holocaust denier able to text directly with Musk's chief of staff? What should that tell us? https://twitter.com/...
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@antoniogm
@antoniogm
on x
Yes. This alone makes the whole thing worth it. https://twitter.com/...
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@tcarmody
Tim Carmody
on x
“Mr. Dorsey asked Mr. Musk to choose a single tweet to represent himself. “'I put the art in fart,' replied Mr. Musk, then 48 years old.” https://www.wsj.com/...
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@jeanburgess
Prof Jean Burgess
on x
Pushed to launch the takeover bid by the PayPal mafia (+ @jack cheering from the sidelines), egged on by overexcited fanbros and trolls, knows remarkably little about Twitter or the challenges of running it well, but possibly doesn't much care...and this may all yet fall apart. h…
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@bonn1egreer
Bonnie Greer
on x
#Twitter #ElonMusk & #TheBros https://twitter.com/...
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@gaberivera
Gabe Rivera
on x
stay woke and find out.... https://twitter.com/... https://twitter.com/...
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@mikebutcher
Mike Butcher
on x
As we feared - Musk's takeover was influenced by right-leaning tech execs. https://twitter.com/...
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@realsaavedra
Ryan Saavedra
on x
Every time Twitter was “wrong or went too far” it was always in one direction https://twitter.com/...
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@igb
Ian Brown
on x
Pretty disappointed in @jack, to say the least. https://twitter.com/...
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@adamblickstein
Adam Blickstein
on x
Basically the fears of a right wing takeover of Twitter have been confirmed. More reason to flee this website once or if Elon takes over https://twitter.com/...
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@rothschildmd
Mike Rothschild
on x
Chuck C. Johnson is not a “provocateur.” He's a Holocaust denier who wanted to emulate Jeffrey Epstein, started alt-right crowdfunding sites, and has recently tried to rebrand himself as a whistleblower and Biden supporter because he's been out of the public eye and needs money. …
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@tomaxwell
Thomas Maxwell
on x
So, Peter Thiel really has been involved in the Twitter takeover because of course https://twitter.com/...
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@can
@can
on x
told you — this is all @jack https://www.wsj.com/...
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@sarahfrier
Sarah Frier
on x
Translation: Don't attack @vijaya (a couple days after this started) https://www.bloomberg.com/... https://twitter.com/...
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@brianroemmele
Brian Roemmele
on x
The reunion of payment guys, as I predicted has started. Short term tribal parroting has obscured the longer term for many. Jack- Square Peter- PayPal Elon- X + PayPal In 5 years it will be clear why I said in 2012, Twitter would ultimately become a payment company. https://twitt…
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@shonaghosh
Shona Ghosh
on x
Ok, well it's hard to see this as anything other than a big wet pile of rotting fish https://twitter.com/...
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@sweeneytylor
@sweeneytylor
on x
Musk is dismayed Trump is still banned. Which means that Trump is coming back and Twitter's crackdown in misinformation will likely stop. This platform will become an even bigger cesspool of mis/disinfo than it already is. https://twitter.com/...
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@johncleese
John Cleese
on x
Very, very powerful people who dislike having their power restricted in any way, tend to like people who are very very powerful and dislike having their power restricted in any way They tend to gang together... https://twitter.com/...
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@dcherring
Dennis Herring
on x
ok, confirmed: @jack's exit was the launch. https://twitter.com/...
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@lexialex
@lexialex
on x
Is this still happening or not? https://www.wsj.com/...
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@pkafka
Peter Kafka
on x
“One former Twitter executive said Mr. Dorsey would sometimes appear to space out in meetings because he was messaging Mr. Musk during the workday.” https://twitter.com/...
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@realrobcopeland
Rob Copeland
on x
Many have asked: Why out of all things has @elonmusk decided Twitter is something that he alone can fix? The answer, we discovered, is a secret crew of billionaires and misfits egging him on behind the scenes (1/x) https://www.wsj.com/...
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@mattyglesias
Matthew Yglesias
on x
Wait did Jack Dorsey incept Elon Musk into paying a huge premium for his Twitter shares in order to reverse content moderation policies he created? https://twitter.com/...
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@karina_reyy
@karina_reyy
on x
i mean jack dorsey literally came out and endorsed musk so we are supposed to be shocked by this? https://twitter.com/...
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@pjux
@pjux
on x
“Oh no. Our ideas are outdated. We are old and out of touch. Do something elonnnnnnn. MORTALITYYYYYY THE HORROORRRRRR” https://twitter.com/...
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@davidrlurie
@davidrlurie
on x
Musk's people are also reportedly eager to reopen the account of a guy who used Twitter to raise money to fund the murders of BLM activists. https://twitter.com/...
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@scout_finch
Jennifer Hayden
on x
Far more sinister than I thought https://twitter.com/...
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@brendelbored
@brendelbored
on x
lol literally a group of unaccountable elites plotting together https://twitter.com/...
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@martinsfp
Martin Sfp Bryant
on x
And this is just grim, if you're familiar with Johnson: https://twitter.com/...
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@largecatboy
@largecatboy
on x
If Peter Thiel agrees with what you're doing, what you're doing is almost certainly completely evil. https://twitter.com/...
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@cbouzy
Christopher Bouzy
on x
To secure funding from banks, Elon Musk told bankers, he would grow Twitter's revenue by charging third-party websites if they wanted to embed or quote verified users. I am starting to think Elon doesn't know what he is doing. https://www.reuters.com/... https://twitter.com/...
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@carriecnh12
Carolyn Hinds
on x
I already have sites like @BuzzFeedNews taking my tweets and making monetized content from them, for which I never get a red cent, and now that clown wants to do the same thing?! 😒 https://twitter.com/...
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@craigcalcaterra
Craig Calcaterra
on x
On the one hand this is stupid. On the other hand it will put an end to the practice of media companies publishing articles that are nothing but people's tweets and headlines like “Twitter reacts to [whatever event]” https://www.reuters.com/... https://twitter.com/...
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@ellievhall
Ellie Hall
on x
Is it just me or is Twitter wilding out this week? It's like the Elon Musk thing flipped a switch and now everyone's going HAM on main.
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@onechrisedwards
Chris Edwards
on x
I wish quote-tweeting was banned. Simply charging a fee would lead to the same result we've got now: people with massive clout, hammering nobodies. https://twitter.com/...
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@jon_greenberg
Jon Greenberg
on x
Charging a fee for quote tweets would improve Twitter immensely. https://twitter.com/...
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@paultassi
Paul Tassi
on x
this is, no exaggeration, one of the dumbest ideas I've ever heard as someone who embeds tweets in articles now, to get around this you'd just...screenshot the tweet, or quote the text with a link to the tweet https://twitter.com/...
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@nycsouthpaw
@nycsouthpaw
on x
The genius plan is you will write the tweet and then Elon Musk will charge Jeff Bezos $0.08 to embed it on the Washington Post's website. https://twitter.com/...
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@icehockeystick
Jashvina Shah
on x
This is dumb and if anyone gets money from their tweets being embedded, IT SHOULD BE THE PEOPLE WHO WROTE THEM https://twitter.com/... https://twitter.com/...
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@stribs
@stribs
on x
“charging a fee for quoting or embedding tweets” So basically taking a flamethrower to some of the features which made Twitter successful https://twitter.com/...
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@stand_for_all
Daniel Sohege
on x
As someone whose tweets get used, often without asking, in a lot of articles how about this idea? We find out how much Musk is charging and you can contact me directly and I will re-write them for you more cheaply? https://twitter.com/...
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@andyboxall
Andy Boxall
on x
Wouldn't charging third parties to embed/quote popular tweets just make Twitter a less attractive place to share or find news? It's free to link to a press release, a company blog, or an Instagram post. 🤷♂️ https://twitter.com/...
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@econreporter
@econreporter
on x
🌝 “ new ways to make money out of tweets that contain important information or go viral, the sources said. Ideas he brought up included charging a fee when a third-party website wants to quote or embed a tweet from verified individuals or organizations.” https://twitter.com/...
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@alexhern
@alexhern
on x
It is extremely funny that musk's first big idea is so transparently based on his own incredibly weird experience of twitter. “Whenever I tweet, people write news articles about it. Therefore, there's value on charging newspapers to write about tweets” https://twitter.com/...
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@davoyager
@davoyager
on x
Would invite endless litigation. Who owns a tweet, Twitter or the author. Will Musk pay residuals if people pickup a tweet and it goes viral? Can of worms https://twitter.com/...
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@ppavnr
@ppavnr
on x
Really held out hope that he could make the platform better but his plans are in a straight downward direction. https://twitter.com/...
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@business_today
@business_today
on x
.@elonmusk told banks that he could crack down on executive & board pay at Twitter in a push to slash costs, and would develop new ways to monetize tweets: Sources https://www.businesstoday.in/ ...
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@readkrystalhu
Krystal Hu
on x
To secure the loan to buy Twitter, @elonmusk gave a simple pitch to banks: cut costs & grow revenue One interesting idea from his pitch: monetizing tweets by charging a third-party platform for embedding or quoting a tweet, sources told me tip @Techmeme https://www.reuters.com/..…
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@somebadideas
Aaron Stewart-Ahn
on x
Musk's big plan to monetize twitter that got his absurd loan: charging a fee for quote / embedding tweets?? That's easier to defeat than right click saving an NFT? From https://www.reuters.com/... https://twitter.com/...
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@caseynewton
Casey Newton
on x
I listened in on Twitter's Friday all-hands with employees. Lots of new stuff in here, including Parag Agrawal's regrets Yes, he said. This deal could have been avoided. https://www.platformer.news/ ... https://twitter.com/...
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@austinj
Austin Johnsen
on x
Leaking an internal all-hands to a reporter is a very immature response and bad way to express your displeasure (and letting him listen in live is even worse) (Also no offense to Casey, if you're a reporter and get this leak, run with it) https://twitter.com/...
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@juwanthewriter
@juwanthewriter
on x
Twitter has officially abandoned marginalized people: “Another employee asked why employees from marginalized communities should remain at the company... “'Same reason I've said for everyone else,' Agrawal said.” (Per @platformer) https://www.platformer.news/ ...
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@elizondogabriel
Gabriel Elizondo
on x
If you're wondering what Elon Musk plans to do to Twitter, don't ask the folks who currently work at Twitter. Even the Twitter execs don't know Inside Twitter's emotional Friday all-hands. By @CaseyNewton 👇🏽 https://www.platformer.news/ ...
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@jamesrbuk
James Ball
on x
This is true: Twitter the service has always been better than the company. Patreon, substack, gofundme and more owe a lot to Twitter, and it never worked out how to replicate the service or share the cash. It was always doable. https://twitter.com/...
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@kurtwagner8
Kurt Wagner
on x
This Twitter meeting today was fascinating. Including this: One employee asked if they could have a Q&A with @jack - the founder who ran this company for 6 years - and the answer was it wouldn't be “productive”... https://twitter.com/... https://twitter.com/...
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@markmilian
Mark Milian
on x
Recognizing that Twitter is a serial underachiever is a laudable bit of self-reflection. The rest makes him sound like a CEO automaton https://twitter.com/...
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@carnage4life
@carnage4life
on x
This is a good bit of introspection by Parag who was a technical leader at Twitter before becoming CEO for 4 months. If Twitter had executed better on monetization or product velocity, it wouldn't be in a place where Elon Musk could buy it on a whim. I'd love a retrospective. htt…
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@blackamazon
@blackamazon
on x
Just like everyone else . And tech journalism will not pay it any mind and even the progressives don't care But they were told , and when everything else spirals out because these tech boys planned it in open Clubhouse for a year and folks didn't care ? Enjoy it https://twitter.c…
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@mattnavarra
Matt Navarra
on x
Inside Twitter's all-hands meeting today: Twitter's board did *not* consider Musk's plans for the product in making its decision. “It was not material to the decision in front of the board,” Twitter CEO @paraga said. https://www.platformer.news/ ...
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@edbott
Ed Bott
on x
“Musk's pitch to the banks constituted his vision rather than firm commitments, the sources said, and the exact cost cuts he will pursue once he owns Twitter remain unclear. The plan he outlined to banks was thin on detail, the sources added.” LOL https://twitter.com/...
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@kateconger
Kate Conger
on x
Elon Musk's views on content moderation are remarkably similar to those of Twitter's founders. Longtime employees speak on how their thinking evolved over a decade of dealing with harassment & disinformation, and why they don't want to go back to Day One: https://www.nytimes.com/…
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@maxboot
Max Boot
on x
“Twitter executives who created the rules said they had once held views about online speech that were similar to Mr. Musk's....But more than a decade of grappling with violence, harassment and election tampering changed their minds.” https://www.nytimes.com/...
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@nytimesbusiness
@nytimesbusiness
on x
Twitter executives and content moderators warned that Elon Musk doesn't understand the issues that can arise if he drops the app's guardrails around speech. https://www.nytimes.com/...
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@tweetinjules
Julie Inman Grant
on x
.@ColinCrowell is spot on: “If there are no rules against abuse and harassment, some people are at risk of being bullied into silence, and then you don't get the benefit of their voice, their perspective, their free expression.” https://twitter.com/...
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@nxthompson
@nxthompson
on x
Musk seems to want to move the slider to the “free speech side” and also to move the political starting point of the moderators right. Meaning: A) much less right wing content removed B) maybe the same amount of left-wing content removed C) a shift in what Twitter feels like 5/6
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@elonmusk
Elon Musk
on x
[image of a Colin Wright cartoon: stick people of the left, center, and right in 2008, 2012, and 2021]
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@elonmusk
Elon Musk
on x
But I'm no fan of the far right either. Let's have less hate and more love.
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@elonmusk
Elon Musk
on x
The far left hates everyone, themselves included!
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@benedictevans
Benedict Evans
on x
You're free to believe that people are wrong to think this. But if you really think there is vast outrage in the Twitter Facebook and YouTube user bases that they try to kick off the Nazis and ban trolls... you need to step outside the bubble.
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@waitbutwhy
Tim Urban
on x
To be clear, the phenomenon I'm referring to is mostly happening outside of Washington - in places like academia, medicine, media, and publishing. It's what's happening in those places that has alienated many people who used to feel at home on the left.
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@waitbutwhy
Tim Urban
on x
It's true that on aggregate, the right has moved more to the extreme than the left in Washington. But the small group on the far left has become very *culturally* powerful & out of fear, the rest of the left has often allowed them to speak (and make policies) for the whole left.
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@paulg
Paul Graham
on x
@elonmusk That is in fact what has happened. Since the 90s the right has moved a little further right, but the left has moved a lot further left. https://twitter.com/...
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@nickmartin
Nick Martin
on x
A bunch of long-banned Nazis tried to start new accounts on Monday after the Elon Musk news broke. A lot of them got the boot within 24 hours. https://twitter.com/...
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@swipewright
Colin Wright
on x
@elonmusk Hi @elonmusk! Thank you for sharing my cartoon! If anyone wants to buy the mug, it's available in my store! https://www.etsy.com/...
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@adamstein
Adam Stein
on x
@oneunderscore__ @atrupar Fixed it. https://twitter.com/...
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@joshtpm
Josh Marshall
on x
At some level you're dealing with someone who's bandwagoning the hot team late in a successful playoff run. It's all an inch deep. https://twitter.com/...
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@mehdirhasan
Mehdi Hasan
on x
The guy who says he wants to equally offend ‘both sides’ to prove neutrality only ever seems to attack the left. So weird right? So weird? 🤔 https://twitter.com/...
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@anders_iversen
Anders Iversen
on x
@waitbutwhy @SwipeWright Well those people on the right, might have a skewed view thanks to some very biased media. Take a look at this thread, and ask yourself: is the same thing true for liberal/progessive media? I don't think so - if it is then on an order of magnitude less. h…
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@noahpinion
Noah Smith
on x
This thread illustrates, yet again, the fundamental dilemma of American politics: Progressives hold all the cultural power, while the Right can only respond with political power. When the Right holds political power, both sides feel like they're powerless. https://twitter.com/...
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@waitbutwhy
Tim Urban
on x
So even though the left hasn't moved that far left (as is shown by voting results), the left is in a sense being held hostage by their extreme wing, making a lot of people who enthusiastically voted for Obama feel politically homeless today.
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@kfury
@kfury
on x
Musk joked about dropping the ‘w’ in ‘Twitter’ but it looks like his actual plan is to drop the ‘r’ from ‘Free speech’. https://twitter.com/...
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@waitbutwhy
Tim Urban
on x
Today, Elon tweeted this diagram by @SwipeWright, which sums up how a lot of people (including me) feel. Then a bunch of ppl responded w/ graphs showing that Republican politicians have moved farther right in that time than Dems have moved left. Here's what I think is happening: …
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@manmademoon
Duncan Jones
on x
Just a reminder that Elon's unequivocal defense of free speech somehow still allows him to run his factory in CCP controlled Shanghai. 🤷🏻♂ ️ (I continue to think Tesla is a net good, but EM is clearly a hot mess.)
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@thedextriarchy
Adi Robertson
on x
the free speech absolutist urge to make people pay to engage with popular and important conversations https://twitter.com/...
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@sebastianmurdoc
Sebastian Murdock
on x
elon is bringing back free speech!* *$2.99 per tweet https://twitter.com/...
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@gormoexjourno
Ryan Gorman
on x
This is a terrible idea and immediately takes free speech from the masses in favor of giving it only to those who can afford to speak freely. Such actions would destroy Twitter. https://twitter.com/...
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@jonhumbert
@jonhumbert
on x
Free speech, but you pay for it. Bang up job, board of directors. https://twitter.com/...
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@franklinleonard
Franklin Leonard
on x
The Republican party won't admit that it lost the last Presidential election or that its supporters violently attacked the US Capitol at the urging of their losing candidate. So... no. https://twitter.com/...
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@robschneider
Rob Schneider
on x
Here's to ALL THOSE idiots who are crying “Threat to Free Speech” now that Elon is buying Twitter who for the last 2 years defended Twitter censorship saying “It's a private company, they can do what they want!” https://twitter.com/...
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@darren_mooney
Darren Mooney
on x
This is very good from @AdamSerwer on the right-wing persecution complex online, and how it's never right-wing speech under meaningful threat. https://www.theatlantic.com/ ...
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@philthatremains
@philthatremains
on x
The left doesn't want free speech and they don't want to give up this one lever of power. https://twitter.com/...
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@laseletzky
Leta McCollough Seletzky
on x
“If conservatives successfully drive their targets off Twitter, or if the network becomes an unusable cesspool, it will become similarly worthless, both financially and politically.” https://twitter.com/...
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@gregabbott_tx
Greg Abbott
on x
Texas man offers Elon Musk 100 acres of FREE land to move Twitter's headquarters. I will declare it a “Free Speech Zone” Maybe we can rename it Twitter, Texas. Think about it .@elonmusk https://www.chron.com/... via @chron
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@michele_norris
Michele Norris
on x
And of course Adam rolls up with they wisdom https://twitter.com/...
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@mollyjongfast
Molly Jong-Fast
on x
This is such a good point from @AdamSerwer https://twitter.com/...
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@ericnewcomer
Eric Newcomer
on x
Pmarca basically went into hiding during the Trump presidency. But his political cowardice was his choice! Easier to be so bold once you're back in the opposition
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@gaberivera
Gabe Rivera
on x
Everyone has their dumb take on this and my dumb take is that after 2008, sure, the right didn't move right in a classic sense, rather the whole line bent into a horseshoe, and then the right slid behind a dark corner. https://twitter.com/...
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@ericnewcomer
Eric Newcomer
on x
I do suspect that psychologically part of why they feel like the left is so repressive is that they felt they couldn't speak openly about Trump https://twitter.com/...
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@contrapoints
Natalie Wynn
on x
It's so pathetic that “I want to be as cruel as possible but the mods won't let me 🥺” is the best argument so many conservatives have for free speech. The triumphant small-mindedness of it, this flaunting of the worst tendencies in human nature
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@davekarpf
Dave Karpf
on x
Look, I'm no business genius. But if MY fortune was tied up in running a company that sells luxury electric cars to left-leaning consumers, then I probably wouldn't go full Breitbart just when bigger car manufacturers have started releasing their own lines of electric vehicles.
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@brendannyhan
Brendan Nyhan
on x
If growing up in the Silicon Valley taught me anything, it's that very smart tech people can be incredibly naive about politics and have absurdly simplistic views of how it should or does work
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@ericnewcomer
Eric Newcomer
on x
Impressive how much Musk and Pmarca are able to talk about the political situation in the United States without talking about Trump
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@carnage4life
@carnage4life
on x
Every day on Twitter being about Elon Musk takes me back to the Trump presidency. I just want it to end. https://twitter.com/...
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@sivavaid
Siva Vaidhyanathan
on x
This is the last thing I have to say about Musk. I'm tired of it all. He's not worth my attention any more. And after studying social media for a decade, immersed in a community of brilliant scholars, I'm sick of dilettantes mouthing off about it all. https://www.theguardian.com/…
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@pbump
Philip Bump
on x
I fixed @elonmusk's chart. https://www.washingtonpost.com/ ...
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@omarjsakr
Omar Sakr
on x
Another swing and a miss from the “free speech” lover — literally erasing the free part lmao https://twitter.com/...
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@danahull
@danahull
on x
About 11% of Twitter users are Black. “What has Elon Musk done in his life to show he has the context or cultural competency” to run Twitter? by @itskelseybutler and @dinabass https://www.bloomberg.com/...
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@indivisibleteam
@indivisibleteam
on x
Ben is obviously correct, but the year that Republicans nominated Sarah Palin to be VP and held multiple rallies in which supporters chanted for the assassination of then-Sen. Obama is an interesting start point. https://twitter.com/...
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@mehdirhasan
Mehdi Hasan
on x
It's scary that 1) he believes this nonsense, 2) posts this nonsense, and 3) will be controlling a huge social media platform while pushing this nonsense. Imagine thinking the right hasn't moved far right since 2008 (!) or isn't the source of political polarization in America. 🤦🏽…
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@oneunderscore__
Ben Collins
on x
I was alive in 2008. I must have just forgotten about the John McCain stans who stormed the Capitol after he lost because they were convinced he was finally going to arrest all of the lawmakers who were drinking baby blood under the pizza shop. https://twitter.com/...
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@charlesarthur
Charles Arthur
on x
In reality, the GOP in the US is more far-right than Marine Le Pen, than UKIP in the UK, than pretty much any party in Europe. And that's a 2019 study; since 2020, the GOP has moved further right. Most Americans don't see how distorted their worldview is. https://twitter.com/... …
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@wavesblog
@wavesblog
on x
Our tweets and also intellectual interactions with others are the product - paid speech. https://twitter.com/...
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@goldman
Jason Goldman
on x
There is of course a nuanced debate to be had about content moderation but right now we've reset the clock about 15 years as folks fumble through a first principles approach. And that makes dunking very easy but makes the risk of real harm very high.
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@lopezlinette
Linette Lopez
on x
He can fire all the content moderators he wants, but that still won't save this business if it's paying $1B of interest on debt from this deal every year. https://www.bloomberg.com/...
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@reckless
Nilay Patel
on x
There isn't a celebrity in the world that's going to post *more* on Twitter, which is already toxic, if there's looser content moderation. They are all too smart and too savvy now, and want absolute control. Especially Taylor lol https://www.bloomberg.com/... https://twitter.com/…
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@ericmgarcia
Eric Michael Garcia
on x
Corporate America has filled the void in civil society left by the weakness of organized labor, leaving a tiny number of extremely wealthy people with outside influence. @adamserwer nails it https://www.theatlantic.com/ ...
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@neillewisjr
@neillewisjr
on x
“Money is speech, as long as you fund our interests. You have the right to vote, as long as you vote Republican. You have freedom of speech, as long as you say what the party would like you to say.” This entire article is great. https://www.theatlantic.com/ ...
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@eugene_scott
Eugene Scott
on x
“For all their outrage, conservatives consistently receive preferential treatment from social-media platforms, but are so cavalier about disregarding the terms of service that sometimes they get banned anyway,” @AdamSerwer https://www.theatlantic.com/ ...
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@adamserwer
@adamserwer
on x
The argument over content moderation on social media is about political power, not free speech, but people say free speech because it sounds better https://www.theatlantic.com/ ...
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@elonmusk
Elon Musk
on x
@WholeMarsBlog No further TSLA sales planned after today
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@amy_siskind
Amy Siskind
on x
Musk is betting the farm on Twitter-clearly he is having trouble finding co-investors for the $21B equity portion of his bid. He is also pledging stock to lenders on the rest of the purchase price. He could lose a sh*t-ton of money on this vanity project! https://www.cnbc.com/...
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@darcyburner
Darcy Burner🌻
on x
🧵 Suppose you're @elonmusk, the wealthiest person in the world, but you are super illiquid because your net worth is mostly the stock of a single company, @Tesla, and if you sell your shares they become less valuable. How do you extract your $ without tanking the stock? (1/)
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@aiddya
@aiddya
on x
Honestly, Elon Musk has been a great cure for any imposter syndrome I might have had. Every time I even doubt myself in the future, I'll remind myself that this moron got banks to lend him billions https://twitter.com/...
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@lessin
Sam Lessin
on x
Part of me feels like Elon is just executing an elaborate Kabuki play to sell tesla stock at a huge valuation. first the ‘poll’ for 10%, now 8b to buy twitter - I don't blame him at all - but clear special challenge of cult leadership is managing selling.
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@parismarx
Paris Marx
on x
Yesterday it was reported Elon Musk sold $4 billion in Tesla shares on Tuesday to fund his Twitter deal, but today he disclosed more sales on Thursday, bringing the total to $8.4 billion. https://www.cnbc.com/...
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@robtfrank
Robert Frank
on x
Elon Musk will have the largest stock debt of any CEO after Twitter. The details... https://www.cnbc.com/...
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@tedkempcnbc
Ted Kemp
on x
Elon Musk's pockets are deep, but because his wealth is tied up in Tesla stock, along with equity in SpaceX and The Boring Co., he will have to sell millions of his shares and pledge millions more to raise the necessary cash. @robtfrank https://www.cnbc.com/...
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@ianbetteridge
Ian Betteridge
on x
The fact that banks listened to this tosh and thought “hmm, yes, this guy sounds like he's got a great business idea” tells you everything about how smart banks are. They do more due diligence loaning a pizza shop £5k for a new oven than lending a rich man billions for a new toy.…
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@kirbeep
@kirbeep
on x
Actually I take it all back — it's going to be hilarious watching Elon ruin Twitter and lose billions in the process https://twitter.com/...
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@dudejohan
Johan Moreno
on x
I never believed Elon when he said “he doesn't care about the economics of acquiring Twitter.” If he is willing to gamble his fortune on Twitter, there has to be a pathway to profitability/sustainability to make it worth his time. https://twitter.com/...