News for hackers. Stuff that matters.
Re:Elon Musk owns 9.2% of Twitter by chinathrow on Monday April 04, 2022 @08:03AM (#30905659)
Why would he want Twitter private?
Re:Elon Musk owns 9.2% of Twitter by koolba on Monday April 04, 2022 @08:18AM (#30905763)
Same reason Bezos owns the Washing ton Post.

If you don’t care about directly making money, you can treat the platform as a way to promote or reject whatever messaging you want to millions of users.

If it’s a public company, it’d be subject to the will of the shareholders and have other corporate responsibilities. If it’s private, it can do whatever he wants it.

Re:Elon Musk owns 9.2% of Twitter by depingus on Monday April 04, 2022 @10:30AM (#30907035)
A private corporation is bad because its owner can use it to promote their own personal views. OTOH, a publicly traded corporation is also bad because because, motivated solely by growth, it will eventually need to engage in anti-societal behavior (dangerous algorithms, dark patterns, lobbying, fines as cost-of-doing-business, union-busting, etc). [Is this late-stage capitalism?](butterfly_meme.jpg) Where do we even go from here?
Re:Elon Musk owns 9.2% of Twitter by VirusNewbie on Monday April 04, 2022 @12:53PM (#30908907)
> OTOH, a publicly traded corporation is also bad because because, motivated solely by growth,

There is nothing that says a public company must only be motivated by growth. Tesla's mission statement doesn't say anything of the sort and has done things that don't fulfill the idea of growth or profit at all costs.

Now you might argue that institutional investors don't care about that since there's an indirection between actual shareholders, but that's a related but different issue.

Re:Elon Musk owns 9.2% of Twitter by SuoDuanDao on Monday April 04, 2022 @10:42AM (#30907191)
I think the best option is to back the right oligarch or, if one can't find an acceptable one, become a better oligarch.
Re:Elon Musk owns 9.2% of Twitter by eric_cc on Monday April 04, 2022 @12:50PM (#30908863)
Blue Sky
Re:Elon Musk owns 9.2% of Twitter by pjc50 on Monday April 04, 2022 @08:21AM (#30905782)
Man with personal space programme wants personal shitposting platform?
Re:Elon Musk owns 9.2% of Twitter by colinmhayes on Monday April 04, 2022 @10:07AM (#30906798)
He already has a personal shitpsoting platform.
Re:Elon Musk owns 9.2% of Twitter by adolph on Monday April 04, 2022 @09:46AM (#30906576)
Seems a small price to pay
Re:Elon Musk owns 9.2% of Twitter by dmschulman on Monday April 04, 2022 @08:18AM (#30905762)
Free speech
Re:Elon Musk owns 9.2% of Twitter by trompetenaccoun on Monday April 04, 2022 @08:45AM (#30905963)
Haha. The outraged complaints by those who've been repeating that line for years claiming "Twitter is a private company, they can ban who they like" would be epic.

Also I bet they would call to regulate or even nationalize social media platforms as soon as companies like Twitter switch to a more balanced moderation approach and don't aid in amplifying certain politics.

Re:Elon Musk owns 9.2% of Twitter by HereIGoAgain on Tuesday April 05, 2022 @06:19AM (#30917229)
Oh they already are even before the (potential) fact. "Their right" has suddenly become "NO, NOT LIKE THAT!" overnight. lol
Re:Elon Musk owns 9.2% of Twitter by bigtex on Monday April 04, 2022 @08:34AM (#30905889)
TO control the negative information about Tesla, Space X, etc.