This seems like further confirmation of that theory that I saw posted on here that the Saudi oil barons funded Elon’s purchase of Twitter for the sole purpose of destroying it. They want to silence online discussions of climate change and other left wing topics.
Combined with Reddit being owned by Tencent, Facebook being eternally evil, and TikTok being unconducive to any form of coherent dialogue, there are not many places for left wing discourse on the internet anymore.
I’ve had the same theory for a while. They saw the Arab Spring and other populist movements. With their vast oil wealth, tanking Twitter was a small price to pay to re-fracture descent and silence the left. The concentration of wealth has given insane power to wealthy who skew overwhelmingly on the side of themselves. The rise of the right is a direct result of billionaires funding across numerous avenues. The right aligns best with their self interest. They played the long game because they only have to pay people and let them do it for them. Regular folks have to stay engaged in the battle after working to support themselves. Billionaires are the matastasized cancer of capitalism.
The purchase itself was a leveraged buyout, they didn’t pay the entire $44bn as Twitter took out a loan to cover $13bn. Like all leveraged buyouts (eg Toys R Us) the purchase itself is meant to kill the business. Even before Musk started screwing the revenue there was little hope Twitter could pay the interest, let along the principle. Now, Twitter is worth less than the debt, by some estimates.
Twitter is really big there. It’s basically the most used social media by a vast majority compared to other ones. It’s way more plausible that some ‘too much rich to know what to do with all the money’ Saudi princes decided something like a few percent of their wealth to own the biggest social media on their country for bragging rights and admin privilege to be worth it. Plus, they probably thought Twitter was too big to fail and die, They didn’t expect Elon would fuck it up so bad.
I don’t think anybody expected Elon to fuck it up so bad.
This seems like further confirmation of that theory that I saw posted on here that the Saudi oil barons funded Elon’s purchase of Twitter for the sole purpose of destroying it.
Then why did Twitter needed to sue him to get him to abide by the deal? Musk often promotes stuff in a pump and dump scheme. One of the many examples is when he briefly promoted bitcoin. He made loads of money off that.
I’m guessing he thought he could make a lot of money quickly in some way. But then interest rates rose quickly and whatever he was planning fell through.
This seems like further confirmation of that theory that I saw posted on here that the Saudi oil barons funded Elon’s purchase of Twitter for the sole purpose of destroying it.
Then why does it still exist? Musk took Twitter private, they could’ve just pulled the plug if they wanted to.
Why would they spend billions for this when they could (and still can) just block the website? It’s not like you can sue the King in Saudi Arabia (lest you think you have too many heads)
Blocking the website locally doesn’t halt the movement globally. What was Twitter doing before it was bought? Unionizing people around the globe against police brutality, against voter suppression, against protesting raised retirement ages, against protesting hijab requirements and for women’s equality, and more. Now these protests, which were supported globally, have been heavily impacted by the loss of Twitter. Now what we discuss is almost entirely controlled by the media, instead of ourselves communicating across barriers.
Here? Yeah, sure we can still say that we’re getting some discourse and sharing our lived experiences. But, that’s not at all the same as when Reddit was in full swing, or Twitter.
The rich bought out the internet to divide and control the lower class. We were getting too uppity, and they didn’t like that.
This seems like further confirmation of that theory that I saw posted on here that the Saudi oil barons funded Elon’s purchase of Twitter for the sole purpose of destroying it. They want to silence online discussions of climate change and other left wing topics.
Combined with Reddit being owned by Tencent, Facebook being eternally evil, and TikTok being unconducive to any form of coherent dialogue, there are not many places for left wing discourse on the internet anymore.
I’ve had the same theory for a while. They saw the Arab Spring and other populist movements. With their vast oil wealth, tanking Twitter was a small price to pay to re-fracture descent and silence the left. The concentration of wealth has given insane power to wealthy who skew overwhelmingly on the side of themselves. The rise of the right is a direct result of billionaires funding across numerous avenues. The right aligns best with their self interest. They played the long game because they only have to pay people and let them do it for them. Regular folks have to stay engaged in the battle after working to support themselves. Billionaires are the matastasized cancer of capitalism.
The purchase itself was a leveraged buyout, they didn’t pay the entire $44bn as Twitter took out a loan to cover $13bn. Like all leveraged buyouts (eg Toys R Us) the purchase itself is meant to kill the business. Even before Musk started screwing the revenue there was little hope Twitter could pay the interest, let along the principle. Now, Twitter is worth less than the debt, by some estimates.
Twitter is really big there. It’s basically the most used social media by a vast majority compared to other ones. It’s way more plausible that some ‘too much rich to know what to do with all the money’ Saudi princes decided something like a few percent of their wealth to own the biggest social media on their country for bragging rights and admin privilege to be worth it. Plus, they probably thought Twitter was too big to fail and die, They didn’t expect Elon would fuck it up so bad. I don’t think anybody expected Elon to fuck it up so bad.
Yeah that’s possible too. It’s all speculation until the Netflix documentary comes out years later lol
Then why did Twitter needed to sue him to get him to abide by the deal? Musk often promotes stuff in a pump and dump scheme. One of the many examples is when he briefly promoted bitcoin. He made loads of money off that.
I’m guessing he thought he could make a lot of money quickly in some way. But then interest rates rose quickly and whatever he was planning fell through.
It’s possible it was a initially pump and dump that turned into a Saudi funded venture. He’s a useful idiot from the Arabs’ perspective.
Conservatives are desperately trying to force TikTok to sell because even though its format is garbage, it’s gathered a large leftwing userbase
Holy shit you might be right
Then why does it still exist? Musk took Twitter private, they could’ve just pulled the plug if they wanted to.
That terse action would have made mastodon flourish. It had to be gradual.
Why would they spend billions for this when they could (and still can) just block the website? It’s not like you can sue the King in Saudi Arabia (lest you think you have too many heads)
Blocking the website locally doesn’t halt the movement globally. What was Twitter doing before it was bought? Unionizing people around the globe against police brutality, against voter suppression, against protesting raised retirement ages, against protesting hijab requirements and for women’s equality, and more. Now these protests, which were supported globally, have been heavily impacted by the loss of Twitter. Now what we discuss is almost entirely controlled by the media, instead of ourselves communicating across barriers.
Here? Yeah, sure we can still say that we’re getting some discourse and sharing our lived experiences. But, that’s not at all the same as when Reddit was in full swing, or Twitter.
The rich bought out the internet to divide and control the lower class. We were getting too uppity, and they didn’t like that.
deleted by creator