is "in material breach of multiple provisions" of the deal, claiming the company has withheld data Musk requested in order to evaluate the number of bots and spam accounts on the platform.
you cant just blow off a request for these bots and fake accounts because that directly effects the value of the company and defines a need for cost to police the fakes & bots
the fact they are refusing to and have refused to provide such critical information is a breach of the basic running costs of the business.
so from my personal opinion they dont have a leg to stand on and are going to look like idiots or un trustworthy scammers by suing him.
compliance costs should be fairly straight forward and such compliance costs are expected to be presented as basic running costs for a business that relys on compliance as a part of its income generating revenue and base line costing for administration costs.
whom ever failed to give him the information is to blame for the deal being broken.
he even gave them a chance to correct it
and they have not
now twitters share price is going to be effected to some degree
who ever is running that deal from the twitter side needs to quite or be sacked
Here's what the Chief Twit has to say about his plans. He likes the Chinese WeChat app that has so many features that people can practically live on a single app. So The Chief Twit proposes to copy the WeChat app's features, except without the Chinese government surveillance.
(Apr 30, 2022 06:33 AM)Yazata Wrote: The United States becomes more similar to communist China every day... probably by design, since those in power admire and seek to emulate China's one-party control of its own people.
Capitalism calls Democracy communism & seeks to be the dictator & the only one to survive.
Dictators will use which ever model of politics best suits the purpose of them being a dictator.
(Apr 29, 2022 04:23 PM)C C Wrote: The only difference is the far right has no power in America, which isn’t a bad thing, but the far left is engrained in some of our largest institutions...
supreme court is a dictatorship
Row Vs Wade
The right wing has plenty of control and power in the USA
look at the capital riots & all those supporting it.
YazataOct 28, 2022 02:23 AM (This post was last modified: Oct 28, 2022 04:20 AM by Yazata.)
The Chief Twit is taking charge of Twitter like a boss, and severed heads are bouncing out of the executive suite. CEO Parag Agrawal has left Twitter headquarters and won't be returning. The CFO is out. The Head of 'Legal Policy, Trust and Safety' Vijaya Gadde, the individual who supposedly decided on banning President Trump, is out. Some reports say they were "escorted out" of the building. (Edit: Twitter's 'General Counsel' is also out.)
But it isn't all blood-and-guts carnage at Twitter HQ. The Chief Twit met with rank-and-file employees in the employee cafe and while it isn't known what exactly was said, judging from facial expressions and body language in photos of the meeting, it seems to have gone amiably. (I expect that some of them are geeks and the opportunity to work with Elon Musk (the real life Tony Stark) must be a dream come true.) He probably had to reassure them that the stories in the Washington Post that he planned to fire 75% of the company's employees was just fake-news shit-stirring and wasn't true.
There are reports that software people from Tesla accompanied Elon and are talking to the Twitter engineers, examining Twitter's algorithms that the company had been trying to keep secret.
EXCERPTS: . . . And as for all those supposed firings? The 75 percent of the company that Musk had talked tough about removing? Beyond the immediate removal of CEO Parag Agrawal and three other executives, no other oustings have been announced. Bloomberg and CNBC were taken in by a couple of pranksters claiming to be just-fired data engineers outside Twitter HQ, though.
[...] No matter what happens now, Musk is going to run headlong into reality, regulators, and simple business sense. He overpaid for Twitter, couldn't find a way to back out of the deal, and now he must make it make money or risk the wrath of his fellow investors.
Running a global content company with no prior experience is difficult...
[...] and it means playing nice with the European Union. With 450 million people, the EU has more potential Twitter users (and Tesla buyers!) than the United States, and it has much stricter laws safeguarding internet users' rights.
[...] European Commissioner Thierry Breton reminded Musk of his DSA obligations immediately after the Twitter sale went through – "the bird will fly by our rules" – and Musk had no response.
[...] And what's Musk going to do if he gets on the wrong side of European law? Pull every Twitter office, every Twitter server, out of an entire continent that also buys his overpriced electric cars? Seasoned Euro watchers are already preparing the popcorn.
[...] Musk may soon get bored with his complicated new toy, wary of turning off too many customers and advertisers, and decide to delegate most of the big decisions to a team that keeps Twitter chugging along pretty much as is... (MORE - missing details)
EXCERPTS: “He’s now officially a media baron,” Gillian Tett, chair of the Financial Times editorial board, said. “Personally, I have a lot of admiration for a lot of the innovation that Elon Musk has brought to the world. He’s done some incredible things. The problem with him is he’s becoming increasingly god-like in the way he looks at problems right now, and assumes he can solve them, and he is capricious, and he’s unelected.”
[...] Tett praised Musk for providing Ukraine access to Starlink and described how it helped Ukraine maintain communications without requiring the use of cell towers that could be attacked by Russian forces... (MORE - missing details)
It's a concern and it definitely bears watching. Personally I like and trust Elon. (A lot!) But he's a human being and inevitably has faults and imperfections.
Quote:EXCERPTS: “He’s now officially a media baron,” Gillian Tett, chair of the Financial Times editorial board, said.
I have far less confidence in the Financial Times editorial board. The FT is kind of the voice of the British financial establishment, while Elon is more of a unique individual, a free-agent with what are often new and original takes on things. (That's part of what being a genius means, I guess.) I trust Elon's basic instincts far more than I trust theirs, about most things. Gillian Tett is likely concerned that the new Twitter won't conform as readily to the kind of "narrative" that the FT favors and promotes.
Quote:“Personally, I have a lot of admiration for a lot of the innovation that Elon Musk has brought to the world. He’s done some incredible things. The problem with him is he’s becoming increasingly god-like in the way he looks at problems right now, and assumes he can solve them, and he is capricious, and he’s unelected.”
I think that cat was out of the bag a long time ago...
Who elected Parag Agrawal and Vijaya Gadde to control "the narrative" and guide the world's conversation, dictating who can and who can't speak and what they are and aren't allowed to say?
Who elected Gillian Tett??
We were already in a situation where a small handful of people have control of these incredibly powerful and influential communications instruments, and decided to use that power to impose their own social vision on the world. They may have the best of intentions, but what they are doing is fundamentally authoritarian and totalitarian.
Like Elon, I much favor a venue where the people themselves decide what they support and what they want to say. Where the only limits on free speech are prohibitions on promotion of criminal activity, threats of violence, doxxing, child porn and things like that. Where a tiny media elite aren't dictating the general public's political opinions. That latter is pure poison in what ostensibly are democracies.
Elon couldn't be worse, and he could be a whole lot better.
Jul 14, 2022 12:26 AM
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