you find a borb on the ground

1.5M ratings
277k ratings

See, that’s what the app is perfect for.

Sounds perfect Wahhhh, I don’t wanna
mariposakitten
lastoneout

friendly reminder for the new twitter refugees:

  • change your icon/pfp and put something coherent in your blog description or you're going to get blocked bcs people think you're a bot
  • this site is built around reblogs, so please actually reblog posts(especially art and fics!!)
  • you can set your likes and follows to private
  • checkmarks here are a meme and mean nothing
  • follower counts are private and we like it that way, so get used to not judging people by that metric
  • drama and discourse is boring, use your blacklist and block button liberally
  • DON'T CENSOR YOURSELF!! we can swear and say kill and make fun of corporations all we want, and if you tiktok-ify your tags people who have things blacklisted for whatever reason will still see them, and people who want to see that content won't be able to find it!! spell words out normally, you won't get in trouble!!
  • tumblr live is sketchy as hell and full of fake accounts, if you decide to use it anyway may god have mercy on your soul o7
  • be nice to the reddit refugees, they're our friends <3
righteoustiddies
desperate-acts-of-capitalism

Yes Elon is bad at running Twitter. It should be noted that he is more than likely intentionally tanking the value of Twitter, so he can declare bankruptcy. He must do this while looking like he's doing his best.

Remember, all this happened because he joked on Twitter about buying Twitter to temporarily spike his Twitter stock. This is blatantly insider trading, and the sort of thing the SEC loves punishing people for.

This put Elon in a tricky place. He could say he was joking, and risk getting investigated by the SEC. Or he could double down, and actually buy Twitter to prove he wasn't lying to boost his stock price. These were both horrible options for Elon. But being investigated by the SEC is the type of thing that rich people have nightmares about.

So he was forced to buy Twitter. He could not afford Twitter. So he was forced to engage in a leveraged buyout, meaning he had to pay a big chunk of the check in Tesla stock. This was a shit deal for Elon. Twitter was well known for essentially being at the peak of it's profitability, and the previous owners were looking for a nice exit. They were happy to sell the company to Elon for what was probably the highest price tag Twitter would ever have.

What this meant for Elon, was he had just used several billion dollars of his actually profitable company, and had to tie it's ankles to a company that would only drop in value. (and a company he had no idea how to run.) If Twitter drowns, Tesla does too.

His only way out is to tank Twitters value so the company can declare bankruptcy, sell off the assets, and stop bleeding money. But he can't LOOK like he's doing that ON PURPOSE for the same reason that he had to double down on buying Twitter in the first place: the SEC is very scary.