Well, looks like the Eel's decided to do to Twitter what Trump's done to Truth Social.

Rename it "Musketeer", please.

https://www.nytimes.com/live/2022/04/14/business/elon-musk-twitter#elon-musk-twitter

Perhaps worth a mention is the time someone wrote a blog posting critical of the Eel, and he unilaterally cancelled their outstanding Tesla order and banned them from ever placing a new one.

That's the guy who's going to save "free speech" on Twaddle.

If he accomplishes this the abandonment rate will be stellar, I believe.

If he allows Caligula back on, it'll be even worse.

It might kill Gab, GETTER, Parler and Truth Social before it kills Twitter, though.

We could end up being the "last site standing"!

@mcfate I have to imagine Twitter has received buyout offers before. If they were looking to really cash out, I suspect they already would have done so.

@sleepingbearcat

If you only suspect it's happened, it hasn't happened. Someone would have had to notify the SEC of their intentions.

@mcfate The way I'm looking at it, Musk is leveraging the platform (and media outlets in general) to apply public pressure to Twitter. I don't see why he'd do that if he thought they were inclined to accept the offer. But I'm willing to be wrong!

@sleepingbearcat

Seems pretty clear that Twitter's management has no interest in bringing Caligula back or allowing more hate talk and misinformation.

He's got about two mechanisms for actual change: try to win a shareholder vote, or buy the company.

I'm thinking he's going to end up backing right out of this, it's just a stunt.

Twitter will tell him "No", he'll sell all his shares, and then whine about how mean they were to him.

@sleepingbearcat

I would never credit the Eel with the foresight to actually plan anything beyond some desired outcome he wishes would happen.

He just DOES stuff.

@mcfate I suppose. Twitter's gone up two-digit % points since he bought into it and started making noise. If he just backs out he still made a lot of money. Sigh.