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Yahoo Finance says that Twitter's revenue has dropped by 84% since Elon Musk took over. https://finance.yahoo.com/news/twitters-revenue-collapses-84-tesla-171535190.html

84%! It's bringing less than one sixth of what it did pre-takeover!

That's one stable genius, right there.

HistoPol (#HP) 🥥 🌴 reshared this.

in reply to Mike Taylor 🦕

For the Russian, Saudi, and Republican billionaire investors who invested in Twitter, it was money well spent.
https://disconnect.blog/roundup-who-helped-elon-musk-buy-twitter/

They lost billions in value, but feel they are on the cusp of ending American constitutional democracy permanently.
https://www.dw.com/en/what-do-xs-alleged-ties-to-russian-oligarchs-mean-for-musk/a-70088598

Elon Musk engaged in the largest election interference campaign in history on behalf of the richest despots on the planet.
https://www.newsweek.com/full-list-investors-elon-musks-x-revealed-court-filing-1942970

https://www.yahoo.com/news/russian-oligarchs-investments-elon-musk-194258467.html

https://news.bloomberglaw.com/us-law-week/musk-accused-of-7-5-billion-of-insider-trades-in-investor-suit

reshared this

in reply to Nicole Parsons

@Npars01
Once upon a time, #socialmedia was mostly stupid (it still is), and mostly harmless

Then the #ArabSpring happened

#Autocracy around the world leaped to attention

13 years later, they have figured out how to coopt it with #troll farms and #plutocracy, #corruption

And now they wield it against #democracy instead

in reply to Ben Royce 🇺🇸🇺🇦 Don't Boo: Vote

@benroyce @Npars01 This is why it doesn't matter how much value Twitter has lost since Melon Musk bought it - it was never to be a money-maker - just a way to control dissent of wealthy oligarchs.

It's working exactly as intended.

in reply to Badger AF (he/him) FOR HARRIS

@Badger_AF @benroyce @Npars01
I kind of think it matters a little, if only for the opportunity cost.

Let’s take the Musk-public-persona perspective (setting aside the “every billionaire is a crime” mentality for a moment) — he spent about $25 of his own billions on Twitter, what if, instead, he’d spent a few billion on a Mars simulator of the Biosphere 2 sort: a sustained attempt to build an enclosed ecology of the sort that a space colony (Mars, moon, asteroid, orbital) would require?

How about a few billion to build a space station — or a space playground, or even a space mansion?

Or piled money into robotics?

All these things would have fed his ego *and* his reputation, but instead….

in reply to David Mankins

@lain_7 @Badger_AF @Npars01
why did #musk buy #twitter instead of use that money for robotics/ space exploration?

the answer lies in knowing the nature of the edgelord manchild:

why feed your ego with admiration from afar

when you can reach directly into the social sphere, warp it, and command fealty and worship directly

#plutocracy #autocracy #fascism

in reply to Ben Royce 🇺🇸🇺🇦 Don't Boo: Vote

@benroyce @Badger_AF @Npars01
Well, yes. Buying Twitter shattered the Musk-as-Tony-Stark-genius masquerade, and revealed the Musk-as-Manchild-Edgelord reality (Tony Stark was, after all, a manchild, too, at least initially).
in reply to David Mankins

@lain_7 @Badger_AF @Npars01
i used to admire elon #musk on his accomplishments

i was unaware of who he was as a person

then there was that soccer team trapped in a cave in thailand

#elon tried to build a submarine to rescue the boys

but his spotlight was robbed by cave divers who achieved the rescue without him

so elon had a #manchild temper tantrum and called one of the cave divers a "pedo"

at that point i became aware of what kind of person elon was

https://www.bbc.com/news/world-us-canada-50667553

in reply to Ben Royce 🇺🇸🇺🇦 Don't Boo: Vote

@benroyce @lain_7 @Badger_AF @Npars01 I could’ve written every word of that myself. Before that day I thought he was pretty cool, a modern renaissance man. Like, I’m sure he’d been an ass before, but I wasn’t personally aware of it. But after that, it was a quick spiral into that defective monstrosity we’re stuck with today.
in reply to Nicole Parsons

@Npars01 @benroyce @lain_7 @Badger_AF 100% fair. I didn’t see him in my news feeds then except as the CEO and credit taker of companies I thought were doing cool things. He has a clear track record of treating women awfully, and I agree with you on that: “He’s pretty OK except for how horrible he is to his romantic partners” isn’t really a thing.
in reply to Nicole Parsons

@Npars01
#X #TwitterTakeover #TwitterDemolition
#Elections2024
#ElectionInterference

Exactly. #Elmo is carrying out "A controlled demolition" of #X (formerly #Twitter.)

I (and others) have been saying this since early 2023.
However, many saw (and still see) it as a "conspiracy theory". Alas, it clearly isn't, Nicole.

If it looks like a duck and quacks like a duck, it is a duck--here is the reason why, and it's not pretty:

https://mastodon.social/@HistoPol/110079043525873237

in reply to HistoPol (#HP) 🥥 🌴

@HistoPol
The best predictor of future behavior, is past behavior.

Musk fired the staff that made Twitter an effective social media platform.

Why would anyone shoot their own horse as they rode it?

Musk was paid by his investors to torch Twitter to thwart its use by democracies.

Musk intends America to have the same fate as Twitter.

Torched to the ground to benefit his patrons & investors.
https://www.theguardian.com/us-news/live/2024/oct/16/us-election-2024-donald-trump-kamala-harris-elon-musk-democrats-republicans

HistoPol (#HP) 🥥 🌴 reshared this.

in reply to Nicole Parsons

#X #Legal #InvestorsUnsealed

(I/n)

You're right, Nicole.
I think, however, there still is a hidden equally important agenda regarding the #TwitterDemolition, which most still fail to see:

https://mastodon.social/@HistoPol/111192410060940874

I can't prove it yet, OFC, but time will tell. #Bluesky inheriting most of the remaining #X users would just make so much sense.

Apart from the reasons named, #Elmo is still working towards the #EverythingApp, inspired by the #Chinese #WeeChat.
And if #China is...

@mike

in reply to HistoPol (#HP) 🥥 🌴

#X #Legal #InvestorsUnsealed

(II/n)

...the role model, well nothing can beat the #Chinese #surveillance state.

It's all in the open, #Twitter's programming and infrastructure is way to much legacy and trying to move masses of people from one app to another is all but impossible due to the network lock-in effect, as Cory @pluralistic has been explaining.
A mature #Bluesky product and a quickly collapsing #X infrastructure...

This entry was edited (2 weeks ago)
in reply to Nicole Parsons

@Npars01 @HistoPol You know a couple of years ago I probably wouldn’t have boosted this. Things are really going downhill fast. Stunning and gut wrenching. 😞
in reply to HistoPol (#HP) 🥥 🌴

#X #Legal #InvestorsUnsealed

(1/n)

Via #JacobSilverman

"...it’s important to know who the volatile owner of a major platform for public debate, political discourse, and government surveillance and information operations is working with — who he [#ElonMusk] owes, who he listens to, and who might influence what happens on X."

"*We Got a Judge to Unseal a List of X's Shareholders*"

While the list is quite long, it is interesting to highlight some...

https://www.jacobsilverman.com/p/we-got-a-judge-to-unseal-a-list-of?ref=disconnect.blog

Cc @Npars01 @mike

This entry was edited (2 weeks ago)

HistoPol (#HP) 🥥 🌴 reshared this.

in reply to HistoPol (#HP) 🥥 🌴

@Npars01
#X #Legal #InvestorsUnsealed

(2/n)

...of the investors [which IMO should often be called "co-conspirators,"] in particular the #Saudi crown prince, #MBS's role (see article).

"...The list #X filed with the court mentions 95 names and legal entities.

Some of them are familiar names for Musk-watchers:

#AndreessenHorowitz, 8VC, #JackDorsey, Ross Gerber, Draper Fisher Jurvetson, Sequoia, et al. There are 26 entries related to #Fidelity, the mutual fund colossus. There’s...

in reply to HistoPol (#HP) 🥥 🌴

@Npars01
#X #Legal #InvestorsUnsealed

(3/n)

...#LarryEllison, the #Oracle founder and one of the richest people in the world, along with #SeanCombs Capital (yup). There’s #VyCapital, the #UAE-based venture capital firm, and something called #QTetris Holdings LLC, whose directors seem to be part of the #Qatari government. #Binance, the global crypto giant which recently paid a $4.3 billion fine to the #US government for facilitating money laundering by terrorist groups...

in reply to HistoPol (#HP) 🥥 🌴

@Npars01
#X #Legal #InvestorsUnsealed

(4/n)

...and sanctioned entities, is listed an X investor. (#Binance’s CEO, #ChangpengZhao, pleaded guilty to money laundering violations and is finishing up a short stint in federal prison.)

There are two entries for Prince #AlwaleedBinTalal and another for his Kingdom Holding Company, which was the largest outside shareholder of #Twitter when it was a public company. Prince #Alwaleed briefly opposed #Musk’s takeover —...

in reply to HistoPol (#HP) 🥥 🌴

@Npars01
#X #Legal #InvestorsUnsealed

(5/5)

...prompting some gentle sparring on #Twitter — but he soon came around. Given #Saudi Crown Prince #MohammadBinSalman’s [#MBS] years-long crackdown against dissent and powerful businessmen and political rivals — which included imprisoning and torturing hundreds of prominent #Saudis, including Prince Alwaleed, in Riyadh’s Ritz Carlton hotel — it’s likely that #MBS controls those shares..."

Do read on:

https://www.jacobsilverman.com/p/we-got-a-judge-to-unseal-a-list-of?ref=disconnect.blog

//

Unknown parent

HistoPol (#HP) 🥥 🌴

#X #Legal #InvestorsUnsealed

(4/n)

...and sanctioned entities, is listed an X investor. (#Binance’s CEO, #ChangpengZhao, pleaded guilty to money laundering violations and is finishing up a short stint in federal prison.)

There are two entries for Prince #AlwaleedBinTalal and another for his Kingdom Holding Company, which was the largest outside shareholder of #Twitter when it was a public company. Prince #Alwaleed briefly opposed #Musk’s takeover —...

This entry was edited (2 weeks ago)
in reply to HistoPol (#HP) 🥥 🌴

#X #Legal #InvestorsUnsealed

(5/5)

...prompting some gentle sparring on #Twitter — but he soon came around. Given #Saudi Crown Prince #MohammadBinSalman’s [#MBS] years-long crackdown against dissent and powerful businessmen and political rivals — which included imprisoning and torturing hundreds of prominent #Saudis, including Prince Alwaleed, in Riyadh’s Ritz Carlton hotel — it’s likely that #MBS controls those shares..."

Do read on:

https://www.jacobsilverman.com/p/we-got-a-judge-to-unseal-a-list-of?ref=disconnect.blog

//

This entry was edited (2 weeks ago)