• nikita@sh.itjust.works
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    3 months ago

    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.

    • moup@lemm.ee
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      3 months ago

      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)

    • baru@lemmy.world
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      3 months ago

      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.

      • nikita@sh.itjust.works
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        3 months ago

        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.

    • TWeaK@lemm.ee
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      3 months ago

      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.

    • exscape@kbin.social
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      3 months ago

      “climate change and other left wing topics”… I know that’s basically how it works in some countries, but it’s insane to consider certain scientific facts left wing, and we really shouldn’t support such statements.

      • stellargmite@lemmy.world
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        3 months ago

        Politicising climate change was yet another distraction from dealing with it in a cohesive and unified manner. Divide and conquer.

      • nikita@sh.itjust.works
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        3 months ago

        Thanks for pointing that out. It’s just so normal to think that way here that they’ve even corrupted me into framing climate change that way. It’s not a left wing topic; it’s a reality.

        I just hope young people who are thinking of voting conservative here keep in mind that those assholes literally don’t believe in climate change and by extension science and facts. That alone should automatically disqualify conservatives from anyone’s consideration.

      • Justas🇱🇹@sh.itjust.works
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        3 months ago

        Yes, in Europe, most political parties, both left and right, have their own climate change mitigation policies, because if they don’t, they risk just not being elected.

      • WhatsThePoint@lemmy.world
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        3 months ago

        The reason it’s overwhelmingly called “climate change” instead of global warming now is because of language change pushed by billionaire foundations. The Koch network specifically focus grouped and created the term change. Whether we want it considered left wing or not, the billionaire backed right has made such statements left wing.

        • loobkoob@kbin.social
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          3 months ago

          The reason it’s overwhelmingly called “climate change” instead of global warming now is because of language change pushed by billionaire foundations.

          I do think “global warming” struggles to convince some more simple people anyway, unfortunately. Because while the average temperature of the globe is increasing and causing the changes in climate that we’re seeing, I’ve come across far too many comments from people saying things like “global warming must be a myth because it snows more than it used to” and things themselves smarter than all climate scientists combined for that observation.

          Of course, those same people probably think global warming is good because they like their summer holidays so perhaps their opinions shouldn’t matter much either way!

        • TWeaK@lemm.ee
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          3 months ago

          Climate change was adopted because global warming doesn’t intuitively line up with winters being much colder on top of the average temperature being higher.

        • fine_sandy_bottom@discuss.tchncs.de
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          3 months ago

          Is this really true?

          Idiots would walk around on cold days saying “see - this global warming stuff is bullshit”.

          Climate change describes the danger much more aptly.

    • Syntha@sh.itjust.works
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      3 months ago

      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.

      • nikita@sh.itjust.works
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        3 months ago

        My bad, Reddit is still owned by an American company but Tencent has a large stake in it since 2019, at least enough to influence the platform into complying with pro-CCP censorship and etc

    • WhatsThePoint@lemmy.world
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      3 months ago

      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.

    • Diabolo96@lemmy.dbzer0.com
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      3 months ago

      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.

      • nikita@sh.itjust.works
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        3 months ago

        Yeah that’s possible too. It’s all speculation until the Netflix documentary comes out years later lol

    • TropicalDingdong@lemmy.world
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      3 months ago

      This is still my opinion. I hated shitter before boy wonder musk took over. It sucked before and it sucks worse now. Just kill it.

    • FilthyHookerSpit@lemmy.world
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      3 months ago

      Part of me really buys into the idea that Musk is pulling an evil mastermind move with his other billionaire pals, destroying one of the biggest social media sites to keep users fractured. End goal keeping any community small and unable to organize at scale. Then the voice of reason tells me this just another egotistical nepo baby trying to staunch the hemorrhaging of money from his last bad investment.

  • Th4tGuyII@kbin.social
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    3 months ago

    I genuinely have to wonder if Musk is intentionally trying to kill Xitter, because if he’s actually trying to recoup his “investment” he’s going about it completely the wrong way

    • TWeaK@lemm.ee
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      3 months ago

      The purchase itself was a death sentence. $13bn of the $44bn was a loan Twitter took out to buy itself on Musk’s behalf, even before Musk started tanking the revenue there was no way Twitter was going to be able to pay the interest on that without further cash investment.

      Meanwhile, given that the business in unviable, Musk can try all sorts of crazy shit and are what sticks to the wall. Anything that proves successful can be adopted by whatever comes after Twitter or other social media. Charging for API access stuck, this is just the next attempt.

    • Grimy@lemmy.world
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      3 months ago

      There was a theory that he was paid by a country like Saudi Arabia to take it down, sinces it’s a powerful tool for a repressed population. Twitter was very important during the Arab Spring.

      I scoffed at it before but it’s starting to seem very plausible.

  • penquin@lemm.ee
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    3 months ago

    My tracking app doesn’t let this site load at all, so I didn’t read the article, but fuck musk. Will he remove ads when people pay them? I forgot my password for Twitter since last year and never bothered to log back into that cesspool

  • soba@lemmy.ca
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    3 months ago

    “This is going to make so much easy money”, Musk thinks, delusionaly, as he further alienates the former core user base of the site he bought for literal billions of dollars and yet has never made any money. “They are going to be lining up to pay for this”, he imagines, forgetting that paid checkmarks was a huge ass failure and twitter still has never turned a profit.

  • Heresy_generator@kbin.social
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    3 months ago

    It’s completely absurd that he’s saying this as an anti-bot measure. The bots exist because they generate revenue for the scumbags behind them, a small fee is just going to be part of doing business for them. He’s not trying to stop bots, he’s trying to monetize them and use them as an excuse to charge everyone. “The bot problem” will never be fixed and will be used as an excuse for every anti-user measure they put forward.

  • Nomecks@lemmy.ca
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    3 months ago

    Who would have thought that Twitter would become the new Somethingawful forums, and that Musk would take the role of Lowtax.

          • yumpsuit@lemmy.world
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            3 months ago

            The blowtax shock-site days are long gone. With occasional exceptions in containment areas like the pink forum and the debate forum, SA’s culture is acceptable-to-laudable these days. Effortposts on the leftist board are a life-changing force for personal betterment, and goons remain some of the most charitable nerds anywhere.

            And despite all of that, it is still funny.

            • Klear@sh.itjust.works
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              3 months ago

              I really should join up one of these days. Used to read the front page every day for a looong time, but never joined the forums because I couldn’t pay online (and was broke af).

              I’m guessing it feels a bit like a slice of old internet?

              • yumpsuit@lemmy.world
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                3 months ago

                Depends on the subforum, naturally, but the whole place is unquestionably a big waxy cheese wheel of old internet. The paywall, the heavy moderation, regulars who’ve been posting brainy takes in megathreads for years… it still all works like a charm.

                Find someone who knows their shit on a topic you care about and hit the ¿ to see their posts and jump in to great moments of earlier discussion. Encounter them again being smart about some other awesome thing. Skip pages of fast threads except for posters you want to see. No upvotes, ya use yer words. That’s a tasty slice of a rare flavor.

                Forums are detox for algorithm sickness. Still one of the finest tenbux you can spend.

    • yumpsuit@lemmy.world
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      3 months ago

      I’ve seen web writers claim that the original brain trust of Weird Twitter started from a Something Awful clique

  • TWeaK@lemm.ee
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    3 months ago

    This is just another attempt at establishing a new status quo for other social media before Twitter dies a death due to the insurmountable debt that Musk’s purchase saddled it with. We’ve had a bunch of things tried, so far the only thing that stuck was charging for API access (which reddit soon adopted). Let’s not have this as well, please.

    • xkforce@lemmy.world
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      3 months ago

      Hopefully Twitter dying because of this will give other companies pause (or not, would it really be that bad if facebook kills itself copying him?)

  • Harbinger01173430@lemmy.world
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    3 months ago

    Meanwhile, the neuralink patient zero gave a beautiful presentation of what has been happening with that project and it isn’t news because it goes against the Elon Bad narrative

  • hahattpro@lemmy.world
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    3 months ago

    yeah, I think he is doing it now. Because if you dont boost, unlikely anyone will see what you tweet.

  • rsuri@lemmy.world
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    3 months ago

    “Unfortunately, a small fee for new user write access is the only way to curb the relentless onslaught of bots,” Musk wrote on X.

    …that makes no sense. By “bots” usually we mean accounts that advertise one thing or another to make money. And if there’s any cause worth paying money for, it’s making more money. But some sports fan or BTS stan or whatever just wanting to cheer on their thing is just gonna stop posting.

    • Treczoks@lemmy.world
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      3 months ago

      Well, you can invest money to get rid of bots, or you can try to make money to get rid of bots. He tries the latter, and will kill the platform doing that.