Twitter under Musk....

[C R]

Of course not. His talent is throwing money at things and taking the credit (and the profit).

Thought so.

 

[briantrumpet]

Boom! https://www.theguardian.com/science...into-flames-during-indian-ocean-landing-video

 

[C R]

View attachment 15316

Boom! https://www.theguardian.com/science...into-flames-during-indian-ocean-landing-video

Mostly is doing a lot of lifting in that sentence.

 

[briantrumpet]

Mostly is doing a lot of lifting in that sentence.

Someone else imagined the headline "Titanic completes mostly successful maiden voyage".

 

[stowie]

For those interested in an analysis of the SpaceX IPO prospectus, Patrick Boyle has an excellent video



Some of the more eyebrow raising parts of this - aside from the use of terminology seemingly extracted from the Sci-Fi series The Expanse - is that Musk's share will have x10 the voting rights of the shares being issued in the IPO. He will never need to worry about oversight from external investors or pesky shareholders involving themselves in board member selection. But much, much worse for us chumps with pensions and market tracking investments is that he has "persuaded" the NASDAQ to jettison their usual rules on company inclusion and they will fast track SpaceX straight into the NASDAQ100. Which means all those funds will pretty much automatically buy into the stock without any time to allow share price to find its natural level.

It feels to me like 2008 all over again. Wealthy owners of hyped companies exerting regulatory capture over the institutions who are tasked with oversight. No prizes for guessing who will pay for any fall-out.

 

[Pblakeney]

It feels to me like 2008 all over again. Wealthy owners of hyped companies exerting regulatory capture over the institutions who are tasked with oversight. No prizes for guessing who will pay for any fall-out.

There is a bubble burst incoming.
Problem is predicting when it will happen. I suspect post US midterms.

 

[briantrumpet]

Useful reminders of how X has been utterly corrupted by Musk:

https://www.theguardian.com/comment...platform-twitter-malign-actors-misinformation

Already it is clear that alternative platforms such as Bluesky and TikTok and Threads will not save us. The utopian idea of the digital town square is dead for ever. The only reliable disinfectant for a surfeit of lies and white supremacism is a balanced, informed media diet, actual engagement with actual real-life people. And the only real antidote to X-brain is X-shaming: an admission that the continuing presence of progressives on X helps prop up the entire enterprise, offers the illusion of balance and multipolarity that allows mainstream media and politicians to continue mining it as a proxy for public opinion.

A pity he didn't mention NCAP though.

 

[Beebo]

Musk has just become a trillionaire!
On paper obviously, due to SpaceX share launch.
That’s a 1,000 billion!

The share launch will create 4,000 new millionaires with his employees.

 

[Xipe Totec]

 

[briantrumpet]

Jimmy Kimmel on Musk

 

[AndyRM]

At some point, Jimmy Kimmel will become funny/relevant.

 

[briantrumpet]

At some point, Jimmy Kimmel will become funny/relevant.

Stephen Colbert is/was way better, but just occasionally Kimmel makes a point.

I still think that one of the best turning comedy into statement-of-facts was QI on US prisons

 

[briantrumpet]

Just as well CS's focuszing isn't eulogising about the Nazi 'genius'... I mean, he apparently doesn't even know what two-syllable words mean.

 

[briantrumpet]

This is Karl Bode's excellent hatchet job on Musk and why the media is fluffing him so much.

https://karlbode.com/the-spacex-ipo...rated-by-an-overt-white-supremacist-huckster/