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Elon Musk Makes Huge Move with Twitter Stock, Spurring Speculation

Whoa!

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There is no doubt whatsoever that Elon Musk has been leaning into his reputation as an eccentric billionaire during his time atop the fiscal ecosystem.  The man has not only been integral in pushing electric cars on the world at large, but then flamethrowers, rockets, tunnels…you name it.

And, as he’s meandered through modern, mad society, Musk has kept things fairly interesting on social media was well, alternating between pumping up cryptocurrencies of any shape or size and making bold, troll-ish statements about the general state of affairs of the world today.  Lately, he has appeared interested in how best to improve social media, and a recent stock maneuver involving Musk and Twitter is turning heads this week.

Elon Musk took a 9.2% stake in Twitter Inc. to become the platform’s biggest shareholder, a week after hinting he might shake up the social media industry. Twitter shares surged as much as 27% after Musk’s purchase was revealed Monday in a regulatory filing. The gain marked the stock’s biggest intraday increase since its first day of trading following the company’s 2013 initial public offering. The stake is worth about $2.89 billion, based on Friday’s market close.

And while there is no telling what Musk might do with his newly-grand stake in the social media megalith, we do know one thing:  It’s unlikely to be something boring.

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Musk Steps Back from Twitter Purchase After ‘Fake Users’ Concern

Or is Musk a better negotiator than we give him credit for?

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Free speech advocates around the world have been rejoicing in recent days, as Tesla CEO Elon Musk appeared to be on the verge of purchasing social media giant Twitter.

The site, which has grown restrictive for conservative viewpoints in recent years, was going to be “unlocked” by Musk, who firmly believed that a more open, inclusive Twitter would be a much more powerful tool than previously imagined.

But now, as his team uncovers concerns about the site’s real user number, Musk is taking a step back.

Tesla billionaire Elon Musk has put his plan to buy Twitter on what he called a temporary “hold,” raising fresh doubts about whether he’ll proceed with the $44 billion acquisition.

Musk tweeted early Friday that he wanted to pinpoint the number of spam and fake accounts on the social media platform. He has been vocal about his desire to clean up Twitter’s problem with “spam bots” that mimic real people, and he appeared to question whether Twitter was underreporting them.

But the company has disclosed in regulatory filings that its bot estimates might be low for at least two years, leading some analysts to believe that Musk could be raising the issue as a reason to back out of the purchase.

Musk wasn’t shy about his issue.

“Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted Friday morning, indicating he’s skeptical that the number of inauthentic accounts is that low.

The eccentric billionaire would go on to insist that he still fully intends to purchase the site, leading some to speculate as to whether or not this might be a simple negotiating tactic.

 

Free speech advocates around the world have been rejoicing in recent days, as Tesla CEO Elon Musk appeared to be on the verge of purchasing social media giant Twitter. The site, which has grown restrictive for conservative viewpoints in recent years, was going to be “unlocked” by Musk, who firmly believed that a more open, inclusive Twitter would be a much more powerful tool than previously imagined. But now, as his team uncovers concerns about the site’s real user number, Musk is taking a step back. Tesla billionaire Elon Musk has put his plan to buy Twitter on what he called a temporary “hold,” raising fresh doubts about whether he’ll proceed with the $44 billion acquisition. Musk tweeted early Friday that he wanted to pinpoint the number of spam and fake accounts on the social media platform. He has been vocal about his desire to clean up Twitter’s problem with “spam bots” that mimic real people, and he appeared to question whether Twitter was underreporting them. But the company has disclosed in regulatory filings that its bot estimates might be low for at least two years, leading some analysts to believe that Musk could be raising the issue as a reason to back out of the purchase. Musk wasn’t shy about his issue. “Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do indeed represent less than 5% of users,” Musk tweeted Friday morning, indicating he’s skeptical that the number of inauthentic accounts is that low. The eccentric billionaire would go on to insist that he still fully intends to purchase the site, leading some to speculate as to whether or not this might be a simple negotiating tactic.  

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Sony Bucks Beijing By Refusing to Censor Spiderman Movie

At least someone is refusing to capitulate to China.

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China has long been exploiting their citizenry, thanks to their commitment to the cruel tenets of authoritarian communism and their unwavering disregard for even the most basic of human rights.  This has allowed the CCP to treat Chinese citizens like cattle, working low-paying jobs to produce goods that can then flood the international market, essentially milking them for money.

In order to keep the people of China happy in this arrangement, the government has had to severely limit the sorts of ideas that can be viewed in art or books, lest their human livestock were to get some strange ideas about freedom.

In order to do this, China has leveraged their enormous consumer base against some of the west’s most powerful entertainment companies, demanding that they tamp down certain references in books, films, television, and music.

A recent attempt to manipulate one Marvel’s biggest blockbusters has not gone Beijing’s way, however.

Sony reportedly refused the Chinese government’s demand to scrub the Statue of Liberty from Spider-Man: No Way Home.

According to Puck on Sunday, citing “multiple sources,” the Chinese government requested the Statue of Liberty be digitally removed from the film, despite its inclusion in a pivotal scene. Sony rejected the request.

The Chinese government then asked if the Statue of Liberty could be, according to Puck, “minimized in the sequence: if Sony could cut a few of the more patriotic shots of [Tom] Holland standing atop the crown, or dull the lighting so that Lady Liberty’s visage wasn’t so front-and-center.” Sony considered the request, but declined.

China has demanded several changes to major movies throughout the years, including a massive adjustment to the end of Fight Club, in which the protagonists’ plot to destroy the credit banking system was removed and replaced with an epilogue stating that all of the characters involved were arrested by police…even the character that was a figment of someone’s imagination the whole time.

China has long been exploiting their citizenry, thanks to their commitment to the cruel tenets of authoritarian communism and their unwavering disregard for even the most basic of human rights.  This has allowed the CCP to treat Chinese citizens like cattle, working low-paying jobs to produce goods that can then flood the international market, essentially milking them for money. In order to keep the people of China happy in this arrangement, the government has had to severely limit the sorts of ideas that can be viewed in art or books, lest their human livestock were to get some strange ideas about freedom. In order to do this, China has leveraged their enormous consumer base against some of the west’s most powerful entertainment companies, demanding that they tamp down certain references in books, films, television, and music. A recent attempt to manipulate one Marvel’s biggest blockbusters has not gone Beijing’s way, however. Sony reportedly refused the Chinese government’s demand to scrub the Statue of Liberty from Spider-Man: No Way Home. According to Puck on Sunday, citing “multiple sources,” the Chinese government requested the Statue of Liberty be digitally removed from the film, despite its inclusion in a pivotal scene. Sony rejected the request. The Chinese government then asked if the Statue of Liberty could be, according to Puck, “minimized in the sequence: if Sony could cut a few of the more patriotic shots of [Tom] Holland standing atop the crown, or dull the lighting so that Lady Liberty’s visage wasn’t so front-and-center.” Sony considered the request, but declined. China has demanded several changes to major movies throughout the years, including a massive adjustment to the end of Fight Club, in which the protagonists’ plot to destroy the credit banking system was removed and replaced with an epilogue stating that all of the characters involved were arrested…

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