• mercano@lemmy.world
    link
    fedilink
    English
    arrow-up
    176
    ·
    19 days ago

    I love how, despite Musk’s best efforts, 3/4 of the internet still calls the site Twitter.

    • sp3tr4l@lemmy.zip
      link
      fedilink
      English
      arrow-up
      98
      ·
      19 days ago

      Please, please, sue the World Bank Mr. Musk. I am so sure that will go well, and totally won’t result in anything bad for all of your massively debt financed businesses.

      • Human Crayon@sh.itjust.works
        link
        fedilink
        English
        arrow-up
        6
        arrow-down
        1
        ·
        19 days ago

        I would laugh if Dorsey bought it back for pennies on the dollar and turned it right back into what it was before. Playing the long game.

    • sugartits@lemmy.world
      link
      fedilink
      English
      arrow-up
      40
      arrow-down
      13
      ·
      edit-2
      19 days ago

      Trust us, we are printing all this money for your own good.

      Your. Own. Good.

      Something like that I assume.

      • skibidi@lemmy.world
        link
        fedilink
        English
        arrow-up
        34
        arrow-down
        2
        ·
        19 days ago

        The world bank isn’t involved so much in printing money - that’s central banks like the US Federal Reserve or European Central Bank.

        They do love to force developing nations to adopt US-style capitalism by withholding loans for needed development projects. They also focus far too much on increasing GDP at all costs and do not give really any weight to increasing living standards or reducing inequality. Basically, think loans to institute Reaganomics and you won’t be too far off.

        The loans pay for large capital projects (power plants, large-scale irrigation, etc) that are built by the state and then mandated to he handed over to private entities that then charge rents and extract wealth. Not every loan and program is bad, but there’s plenty to give pause when they are involved in a project.

        • lol_idk@lemmy.ml
          link
          fedilink
          English
          arrow-up
          5
          arrow-down
          2
          ·
          19 days ago

          lol who would downvote this?

          The - I’m pro World Bank and I’m on Lemmy guy?

        • GiveMemes@jlai.lu
          link
          fedilink
          English
          arrow-up
          1
          arrow-down
          4
          ·
          edit-2
          19 days ago

          This is also the way of the UN in general oftentimes. Trump’s PPP plan came right from the UN playbook with a few tweaks so that even more of his pals could get money.

  • RageAgainstTheRich@lemmy.world
    link
    fedilink
    English
    arrow-up
    51
    arrow-down
    1
    ·
    19 days ago

    Am i the only one confused about what they thought would happen? Have they not been following the news about twitter for the past year or so? Or were they fine with twitter being covered in nazi stuff until their ad appeared next to one and someone notified them?

  • barsquid@lemmy.world
    link
    fedilink
    English
    arrow-up
    48
    arrow-down
    1
    ·
    19 days ago

    That tweet is so racist that I’m surprised Elon didn’t tweet a thinking face emoji reacting to it.

  • NutWrench@lemmy.world
    link
    fedilink
    English
    arrow-up
    42
    arrow-down
    1
    ·
    19 days ago

    Who would have guessed that a social media platform owned by an apartheid-loving fascist would trend right wing? I mean, Musk is such a stable genius.

    /s just in case.

    • Buddahriffic@lemmy.world
      link
      fedilink
      English
      arrow-up
      4
      arrow-down
      1
      ·
      19 days ago

      And all he had to do was act like he wanted to back track on the offer and the courts forced the sale through quickly rather than slow things down and consider whether social media should even be a privately owned thing run at the whims of a guy that used that same platform to try to ruin someone’s life with a baseless pedophilia accusation because they hurt he’s feelings when telling him his sub idea wouldn’t work and he was just getting in the way rather than helping anything.

      I just wonder if the courts fell for his ploy or if they just played the part they were supposed to and the whole thing was an act.

      Also, I don’t think it’s a coincidence that he spent 44 billion on Twitter and then, after pretty much ruining it, for some reason Tesla shareholders (which are majority institutional shareholders) vote through a 50 billion compensation package for him.

  • flop_leash_973@lemmy.world
    link
    fedilink
    English
    arrow-up
    32
    ·
    edit-2
    19 days ago

    Musk is learning the lesson Google and Youtube learned years ago with the “adpocalypse”. If the whole house of cards depends on ad dollars you have to keep them happy.

    Unless Musk is going to take X (Twitter) completely subscription only, or fund it exclusively out of his own pocket, he is not going to get that “anything I want goes” utopia he keeps crowing about.

    • Delta_V@lemmy.world
      link
      fedilink
      English
      arrow-up
      8
      arrow-down
      6
      ·
      edit-2
      19 days ago

      fund it exclusively out of his own pocket

      That’s how newspapers got started - they were propaganda organs of the rich and existed exclusively to manipulate public opinion. Things really haven’t changed that much, but somewhere along the way people were tricked into paying for them.

      • TheObviousSolution@lemm.ee
        link
        fedilink
        English
        arrow-up
        15
        arrow-down
        1
        ·
        edit-2
        19 days ago

        Except that libel laws and regulations exist to regulate things like newspapers, not things like random comments by random users you may not even know is a bot account. At the very worst, they can only report on what people are saying and ignore the counterarguments, not present lies as truth. Not that it hasn’t been eroded, but it’s at least much more costly to attempt to use newspapers for disinformation.

    • TheObviousSolution@lemm.ee
      link
      fedilink
      English
      arrow-up
      7
      arrow-down
      6
      ·
      19 days ago

      Pretty sure Russia’s owners of Twitter really intend it just to be used as a propaganda backwagon platform, like China’s TikTok, so the funding does not need to be self-sufficient. As long as they get a critical userbase where they can move their propaganda, nerf the criticism, and can’t be taken down because of the ensuing backlash, that’s good enough for them.

  • Facebones@reddthat.com
    link
    fedilink
    English
    arrow-up
    31
    arrow-down
    4
    ·
    19 days ago

    Capitalism: free markets are the only way if you dont like Nazi shit go somewhere else librulz

    Also capitalism: Its literally illegal to not give us money and if you take your money elsewhere we’ll sue you!

    • vga@sopuli.xyz
      link
      fedilink
      English
      arrow-up
      6
      arrow-down
      7
      ·
      19 days ago

      Twitter isn’t capitalism, nor is Elon Musk. He says “I love capitalism” in the same way as Emperor Palpatine says “I love democracy!”

      • Delta_V@lemmy.world
        link
        fedilink
        English
        arrow-up
        16
        arrow-down
        3
        ·
        19 days ago

        It is though - this is what capitalism invariably becomes. Musky Twitter is a symptom of late stage capitalism. This is why so many people say capitalism is bad and doesn’t work as advertised.

        The golden age of classical liberalism, when capitalism actually worked, the 1700-1800’s, more closely resembles what we would today call market socialism.

        Once the agglomerations of capital became large enough to impose irresistible anti-competitive force, the days of capitalism’s beneficial functionality ended. They say “the freer the market the freer the people”, but an unregulated market isn’t free - it invariably trends toward monopoly and irrationally assigned concentrations of wealth and power, eg Musk, Bezos, DuPont, Sackler, etc…

        Capitalism supports, rather than resists, the anti-competitive influence of capital. A truly free market requires the intervention of powers other than capital - eg, democratic governance imposing something akin to Market Socialism against the wishes of those anti-competitive agglomerations of capital.

        • vga@sopuli.xyz
          link
          fedilink
          English
          arrow-up
          1
          arrow-down
          1
          ·
          edit-2
          18 days ago

          The golden age of classical liberalism, when capitalism actually worked, the 1700-1800’s, more closely resembles what we would today call market socialism.

          I don’t think that’s a valid historical claim. 1700s and 1800s were largely influenced by Adam Smith, with a limited level of governmental intervention and high amount of private liberties.

          What western countries currently have is much more like market socialism than classical liberalism. If we take Elon Musk as an example, a large part of his success comes from governmental corruption: direct financial assistance (multiple billions of dollars), tax breaks and subsidies, and several government contracts. Even fucking Ayn Rand would call him a parasite.

          I think the proper fix would be to return to actual classical liberalism and reject or at least limit the amount of market socialism. No idea how that could be done now that the problem has become so bad. A neoliberal revolution? lol.

          • Delta_V@lemmy.world
            link
            fedilink
            English
            arrow-up
            2
            ·
            edit-2
            18 days ago

            The market didn’t need regulations to maintain its freeness back then because the vast majority of transactions were made with small businesses. The limited technological capabilities in transport and communication also decreased the need for government regulation by decreasing the ability of the largest concentrations of capital to succeed at implementing global anti-competitive strategies.

            To achieve the same degree of market freedom today, in the era of omni-national mega-corporations wielding monopoly influence, requires utilizing levers of power outside of the market those mega-corps dominate. The intervention of democratic governments to enforce anti-monopoly laws and prohibit other kinds of anti-competitive behavior is a necessary component of any plan to transform today’s marketplace into one that looks more similar to the market of Adam Smith’s day.

          • monogram@feddit.nl
            link
            fedilink
            English
            arrow-up
            1
            ·
            17 days ago

            More liberalism would just create more corruption especially with the current amount megacorpos, external government intervention & its existing corruption to start.

            What is needed is less corruption & a destruction of large corporations. Removing corruption requires the current corruption to be stopped by legislation & public pressure.