Posted on Oct 31, 2022
Elon Musk said Twitter wouldn't become a 'hellscape.' It's already changing
329
7
3
5
5
0
Posted >1 y ago
Responses: 3
PO1 William "Chip" Nagel
..."Considering the post was addressed to advertisers, it seems that the world’s richest man is taking preemptive steps to reassure funders that they won’t be purchasing ad-space on the equivalent of 8chan. However, Twitter has been slipping on the ad-attracting front on its own. A recent internal report from the company noted that, amid a loss of heavy users, pornography and cryptocurrency have become the fastest growing site sectors—both content categories that advertisers are often reluctant to be associated with.
Yet, company struggles aside, the will-he-won’t-he saga of Musk’s embattled Twitter acquisition looks like it will *probably* be coming to some sort of conclusion on Friday. Last week, Musk seemed eager to complete the deal in a call with Tesla shareholders. Just yesterday, he waltzed into Twitter headquarters carrying a sink as part of a cringeworthy bit. On Thursday, Twitter shares were frozen at around $53.94 ahead of the assumed-purchase. Musk’s $44 billion offer is set to go through, netting investors $54.20 per share.
The Delaware judge presiding over Twitter’s lawsuit against Musk previously set an October 28 deadline for a finalized deal. If all goes as expected tomorrow, the legal proceedings will end along with this month’s long roller-coaster ride.
Unfortunately, for Twitter employees, the journey is likely just beginning. Workers at the company were incensed by Musk’s threats of 75% layoffs, and sent a letter to the board calling the billionaire “reckless,” earlier this week. Musk since stated that he wouldn’t actually be cutting three-fourths of the company. But you never know, he’s flip-flopped before."
..."Considering the post was addressed to advertisers, it seems that the world’s richest man is taking preemptive steps to reassure funders that they won’t be purchasing ad-space on the equivalent of 8chan. However, Twitter has been slipping on the ad-attracting front on its own. A recent internal report from the company noted that, amid a loss of heavy users, pornography and cryptocurrency have become the fastest growing site sectors—both content categories that advertisers are often reluctant to be associated with.
Yet, company struggles aside, the will-he-won’t-he saga of Musk’s embattled Twitter acquisition looks like it will *probably* be coming to some sort of conclusion on Friday. Last week, Musk seemed eager to complete the deal in a call with Tesla shareholders. Just yesterday, he waltzed into Twitter headquarters carrying a sink as part of a cringeworthy bit. On Thursday, Twitter shares were frozen at around $53.94 ahead of the assumed-purchase. Musk’s $44 billion offer is set to go through, netting investors $54.20 per share.
The Delaware judge presiding over Twitter’s lawsuit against Musk previously set an October 28 deadline for a finalized deal. If all goes as expected tomorrow, the legal proceedings will end along with this month’s long roller-coaster ride.
Unfortunately, for Twitter employees, the journey is likely just beginning. Workers at the company were incensed by Musk’s threats of 75% layoffs, and sent a letter to the board calling the billionaire “reckless,” earlier this week. Musk since stated that he wouldn’t actually be cutting three-fourths of the company. But you never know, he’s flip-flopped before."
(2)
(0)
All I can say even though I might not and probably don't agree with most people's posts, I agree with their 1st amendment right to post it....and getting rid of the one-sided censorship.
(0)
(0)
This shows how things can change in a heartbeat! No matter who you are?
(0)
(0)
Read This Next