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Won't be a bitter pill if he can offload most of the expenditure by selling it to Saudi Arabia, which would probably love to own such an influential chunk of th
by matthewdgreen 4y ago
Won't be a bitter pill if he can offload most of the expenditure by selling it to Saudi Arabia, which would probably love to own such an influential chunk of the "public square."
- Nokinside 4y agoPotential buyer is offering what they think is current market price. Something like like $15-$20 per share than $52 per share. Musk would sell with huge loss.
- __derek__ 4y agoThere's effectively zero chance that CFIUS[1] would allow the KSA to purchase Twitter. [1]: https://home.treasury.gov/policy-issues/international/the-committee-on-foreign-investment-in-the-united-states-cfius https://home.treasury.gov/policy-issues/international/the-co...
- outside1234 4y agoWhat if he sells an API to Saudi and Russia and beyond to essentially hide criticism? Censorship as a service...
- __derek__ 4y agoAs I understand it, MBS and Co. prefer to drown out the criticism rather than censor it, so they already have that API, and a crusade against bots would put it at risk. Granted, it's possible that Elon isn't committed to shutting down bots so much as shutting down non-friendly bots.
- matthewdgreen 4y agoYou appear to understand wrong: “Ex-Twitter employee found guilty of spying on Saudi dissidents.” Happened in 2018, verdict this year. https://amp.theguardian.com/us-news/2022/aug/09/twitter-saudi-arabia-dissident-spying https://amp.theguardian.com/us-news/2022/aug/09/twitter-saud...
- __derek__ 4y agoThis doesn't contradict what I wrote.
- matthewdgreen 4y agoThey already are a major shareholder. And I presume they can (or could in the future) have stakes in other Musk companies. That might predispose a private Musk Twitter to offer access (for example, provide access to private customer information on dissidents, something Saudi Arabia is very interested in [1]) in ways that a public Twitter might not. [1] https://amp.theguardian.com/us-news/2022/aug/09/twitter-saudi-arabia-dissident-spying https://amp.theguardian.com/us-news/2022/aug/09/twitter-saud...
- __derek__ 4y agoBeing a major shareholder is different than having a controlling stake, which is implied by your comment that Musk "can offload most of the expenditure by selling it to Saudi Arabia."
- diebeforei485 4y agoPrince Alwaleed bin Talal is a major shareholder. He will probably keep his shares.