I don't actually read Twitter very much even though I joined it in 2006, I usually check it out when some event is occuring like the Super Bowl or the World Series or some breaking news, but I don't look at it on a daily basis.
My blog posts get sent to Twitter, so what most people see as
tweets from me are really blog posts.
#
I think Musk is buying Twitter for his personal use. To Musk a Twitter he owns is a personal megaphone to the world that has no constraints. He saw how Trump used Twitter to become President and I am sure he thinks that he can use it in the same way.
The only way this doesn't work out for Musk is if people start to ignore Twitter or at least ignore Musk. #
Max Reed says that Musk bought Twitter to keep it exactly as it is today. Why? Because Musk has made a lot of money using Twitter. There is a
relationship between Musk's rapid two year wealth accumulation and an increase in the number of his tweets. The SEC has fined Musk for market manipulation using Twitter and much of his talk about "free speech" appears really pointed toward the SEC. Now, who wants to argue against free speech? Keep in mind, however, that the main job of the SEC is to keep the stock market fair so that you and I and our retirement portfolios don't pay someone like Musk by manipulating the market in his favor.
#
I wonder, though, whether how Musk is financing the purchase of Twitter will open people's eyes to how the super wealthy really operate. Musk, and most like him, don't have his billions in thousand dollar bills stuffed in his mattress. Musk's wealth is on paper, specifically, the amount of stock he owns in Tesla and SpaceX. To get cash Musk borrows money from banks and uses the stock as collateral, and the U.S. Government doesn't view borrowed money as income so he doesn't pay taxes on what he borrows. What happens to the whole scheme when the price of stock borrowed against tanks?
#