a fan wrote: ↑Sun Oct 30, 2022 8:05 pm
Petey owes me a steak dinner. So do a ton of posters who claimed that if Elon were in charge censorship would disappear, and twitter would be a public service. Nope! To wit.....
In a message to advertisers on Twitter on Thursday, Mr. Musk said he was buying the company to “have a common digital town square, where a wide range of beliefs can be debated in a healthy manner.” He said Twitter “cannot become a free-for-all hellscape, where anything can be said with no consequences!” Mr. Musk said in addition to following laws, Twitter must be “warm and welcoming to all.”
This sound like a F'ing "town square" to anyone STUPID enough to think that's what twitter is? Before his chair is warm, the new boss spells out who calls the shots on twitter, and it ain't the user, and it's in this order:
1. the advertisers
2. the freaking owner of the platform
Meet the new boss. Same as the old boss. He's telling you that his team will indeed censor posts....just like the old crew. And like the old crew? It's a private press----no one can tell Elon what he MUST allow on his platform. Just like the old crew.
So we've moved from one group of Valley 1%ers owning twitter....to a "different" group of Valley 1%ers owning twitter.
And for both groups?
The user is the product.
Well he claimed Elon’s counsel would steamroll Twitter..wonder what they billed for their work???
But…Twitter was public so it was long ago moved from SV VC to retail look at 2&3 top shareholders before sale. He gave a little of the wealth transfers he got back to the public in this deal.
Elon Musk Is Suddenly Twitter’s Largest Shareholder: Here’s a List of the Top 10 Holders
Musk takes 9.2% stake in social-media company, exceeding large institutions and former CEO Jack Dorsey
By Joseph De Avila and Will Feuer
Updated April 4, 2022 6:18 pm ET
Elon Musk, who is now the largest shareholder of Twitter, hasn’t disclosed plans or intentions behind his purchase.Photo: christian marquardt/pool/Shutterstock
Elon Musk’s newly disclosed 9.2% stake in Twitter Inc. has made him the largest shareholder of the social media-company, topping co-founder and former Chief Executive Jack Dorsey and elbowing out numerous financial institutions.
Mr. Musk reported owning almost 73.5 million shares of Twitter as of March 14, according to a securities filing Monday.
His disclosure prompted Twitter’s stock to surge 27% on Monday, its biggest-ever one-day gain. That rally means Mr. Musk made about $784 million in paper profits in one trading day.
His stake is now worth $3.7 billion based on Monday’s closing price.
Mr. Musk’s stake bumped Vanguard Group from Twitter’s top shareholder to No. 2, according to FactSet. Morgan Stanley Investment Management Inc. slid to No. 3.
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Vanguard and Morgan Stanley declined to comment.
Mr. Dorsey, the only individual other than Mr. Musk who made the top 10 shareholder list, dropped one spot to No. 7. Representatives for Mr. Dorsey didn’t respond to a request for comment.
Jack Dorsey is the only other individual in Twitter’s top 10 shareholder list.Photo: jim watson/Agence France-Presse/Getty Images
Mr. Musk is the world’s richest person with a net worth of $273 billion as of Monday, according to the Bloomberg Billionaires Index. He runs electric-vehicle company Tesla Inc. as well as rocket company Space Exploration Technologies Corp., as SpaceX is formally known, and tunneler The Boring Co.
Mr. Musk didn’t disclose plans or intentions behind his Twitter purchase. On Monday he tweeted: “Oh hi lol.”
Twitter CEO Parag Agrawal owns about 507,000 shares of Twitter as of March 1, representing a stake of $19.9 million based on Friday’s closing price, according to FactSet. He became CEO late last year.
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Here’s a list of the top 10 Twitter shareholders, according to FactSet.
Top Twitter Shareholders
Top 10 holders in the social-media company
Market values are based on Friday's closing price. Musk's 13G, filed Monday, reported his Twitter position as of March 14.
Source: FactSet, public filings
In 2021, billionaire CEO Elon Musk reached several milestones across Tesla, SpaceX and Starlink. WSJ reporters Rebecca Elliott and Micah Maidenberg break down some of his biggest moments in 2021 and what’s to come in 2022. Illustration: Tom Grillo
Write to Joseph De Avila at
[email protected] and Will Feuer at
[email protected]