Elon Musk makes offer to buy Twitter

[Mayhem]

Originally Posted by Bahamut810

So...you agree the government is right to ban speech you don't like.

Governments always get to decide what is free speech or not. Brazil for example has just banned Twitter/X until it pays off its accrued fines from breaching laws. But once again, you are putting 2 and 2 together and getting 186. Who says the government is banning all speech I don’t like? All I’ve said is that illegal hate speech that would get you arrested in person can also get you arrested by posting it online.

[Andrew NDB]

You're missing the part where "hate speech" is bullsh**. To begin with.

[Bahamut810]

Originally Posted by Mayhem

Governments always get to decide what is free speech or not. Brazil for example has just banned Twitter/X until it pays off its accrued fines from breaching laws. But once again, you are putting 2 and 2 together and getting 186. Who says the government is banning all speech I don’t like? All I’ve said is that illegal hate speech that would get you arrested in person can also get you arrested by posting it online.

That is incorrect. You have said that your government has not censored speech because they censored it so its not censorship. You have followed it up by saying they deserved it because they offended people which is illegal (read: Censored) speech in a conversation that stemmed with the UK trying to enforce their laws on citizens in other countries.

Brazil can ban and try to fine US companies in US countries all they want as well, good luck to them with that.

[Galactus]

Originally Posted by Andrew NDB

You're missing the part where "hate speech" is bullsh**. To begin with.

So you're ok with people using the N word?

That if someone posts something on social media which encourages violence to a particular group that's ok too.

[Zulithe]

Originally Posted by Galactus

So you're ok with people using the N word?

That if someone posts something on social media which encourages violence to a particular group that's ok too.

there's literally black people hate accounts on twitter now. that would never have been a thing pre-elon.

free speech and all that.

[Andrew NDB]

Originally Posted by Galactus

So you're ok with people using the N word?

Of course not. Though that's not quite "hate speech," that's using a word that... well, you don't get to use in normal vernacular. And it's the kind of thing where it's like, "You want to say that? Really? Well, good luck. See what happens to you." And it takes care of itself. Generally with the person saying it bloody and bruised in a ditch somewhere, which is fair.

That if someone posts something on social media which encourages violence to a particular group that's ok too.

"Calls to violence" is a different category than "hate speech." And absolutely that is actionable and should be by any rational stance.

[Mayhem]

Originally Posted by Bahamut810

Brazil can ban and try to fine US companies in US countries all they want as well, good luck to them with that.

They are not, they are blocking the use of X in Brazil due to breaching local laws (rightly or wrongly, that I’m not passing judgement on). This applies to any global company who have offices in, or operate in, any country. Why do you think Apple, Google, Microsoft et al have all been repeatedly fined and curtailed in Europe for example for breaching various European laws that the companies don’t think apply to them based they are originally US led? We are talking billions here. They’ve eventually complied, so for example we are not tracked or monitored as much on our browsing, especially the GDPR stuff in Germany, who are really strict about privacy.

Originally Posted by Andrew NDB

"Calls to violence" is a different category than "hate speech." And absolutely that is actionable and should be by any rational stance.

Hate speech today includes aggressively using the N word or spouting calls to violence, whether you agree or not. Anything that specifically targets a certain demographic negatively and abusively.

[Zulithe]

[Mayhem]

That bit I wasn't aware of, but then again I've not followed the news much last couple days as I've got a doozy of a head cold and had to look after my daughter. Yep, another monumentally successful business decision.

Also all the banks that loaned Musk money for the buy out are unlikely to see anything back for it...

https://futurism.com/the-byte/banks-...witter-screwed

[member_removed]

Originally Posted by Andrew NDB

Of course not. Though that's not quite "hate speech," that's using a word that... well, you don't get to use in normal vernacular. And it's the kind of thing where it's like, "You want to say that? Really? Well, good luck. See what happens to you." And it takes care of itself. Generally with the person saying it bloody and bruised in a ditch somewhere, which is fair.

Yes, but if I'm living comfortably in my all-white community somewhere twitting racial slurs all day. You wouldn't likely find yourself in bloody and bruised in that ditch.

[FredWolfLeonardo]

Originally Posted by member_removed

Yes, but if I'm living comfortably in my all-white community somewhere twitting racial slurs all day. You wouldn't likely find yourself in bloody and bruised in that ditch.

Is it racist for whites to only want to live among other whites?

Okay, it actually is racist admittedly but it's still a good thing.

[Barkworm]

Originally Posted by FredWolfLeonardo

Is it racist for whites to only want to live among other whites?

Okay, it actually is racist admittedly but it's still a good thing.

How is it a good thing? I‘m asking as the Indian guy from an all-white neighbourhood.

[Andrew NDB]

Originally Posted by Mayhem

Hate speech today includes aggressively using the N word or spouting calls to violence, whether you agree or not. Anything that specifically targets a certain demographic negatively and abusively.

Well we don't have it here. Keep it there. Though I'm not disagreeing that the N word in general among the not-African Americans is a bridge too far. But again. Over here that usually works itself out. As in good luck trying that in any social setting.

[FredWolfLeonardo]

Originally Posted by Barkworm

How is it a good thing? I‘m asking as the Indian guy from an all-white neighbourhood.

Whites get along best with other whites. They belong with their own kind among those whom they most feel at home with.

I too am a South Asian in a White Majority country. But no matter where I am, I will always get along best with other South Asians who look and live like me.

[Barkworm]

Originally Posted by FredWolfLeonardo

Whites get along best with other whites. They belong with their own kind among those whom they most feel at home with.

So a mixed-race family is bound to fail? Because mine has been going pretty strong for the last decade.

Or do you mean that someone cannot be 100 per cent comfortable in that kind of constellation? Which might have some truth to it but then again any kind of social setting will have its share of awkwardness, mixed-race or not.

[FredWolfLeonardo]

Originally Posted by Barkworm

So a mixed-race family is bound to fail? Because mine has been going pretty strong for the last decade.

Depends on the race. Like an Indian and a European with shared Aryan ancestry are much more likely to get along than say, a European and a black person.

[Mayhem]

More out about why Brazil has blocked X

The reason X is banned right now here in Brazil, is because Musk fired all the Brazilian staff in hopes that X could operate above our legal system. But in Brazil any foreign business NEED to have a Brazilian legal representative to operate legally. That means that if he had appointed someone by now, the ban wouldn't be necessary, and X will probably be up an running again as soon as he do it.

Please don't paint this whole deal to look like as if it was about "censorship". This is a case of national souvereigny. Foreign corporations that desire to operate in our territory need to respect the same laws as everyone else here, and that includes being responsible for what happens in that particular social network.

Telegram, WhatsApp and others tried the same in the past, but they did not went that far as Musk, because he is trying to use this case as marketing for his own gain.

Please don't do his job for him.

I will add that knowing some of the internal workings for one of the companies I used to be employed by, we had a registered French address and one rep appointed, to be able to operate and do business there. That's it, but legally we were required to have it.

[Cowabung-Gal]

I don’t trust people who are for more government-imposed shackles.

[Prowler]

Originally Posted by Galactus

So you're ok with people using the N word?

I find it silly how one particular slur gets censored Voldmort-style in USA/Canada/UK to the point where people can't even spell it out or mention it. And the whole idea one "race" can use a certain word and others can't is quite frankly stupid. Especially a word that's constantly spammed in rap music, a genre that's popular worldwide. Do you think most rap fans in, let's say, Europe(sans the UK) and Asia are gonna self-censor themselves when singing along rap songs? Of course not.

[Zulithe]

TechCrunch: Fidelity has cut its valuation of X (formerly known as Twitter) by 79% since Musk’s purchase ($44bn vs $9.4bn)

Elon Musk's X is now worth less than a quarter of its $44 billion purchase price, according to a new estimate from investor Fidelity.

The asset manager's Blue Chip Growth Fund now values its stake in X, formerly known as Twitter, at approximately $4.19 million, based on newly released disclosures from Fidelity's Blue Chip Growth Fund. The firm's unit has reduced the value of its holding in X by a total of 78.7% as of August end.

For context, Fidelity had initially invested $19.66 million in X through the Blue Chip Fund, as per regulatory filings. This isn't the first time Fidelity has cut the value of its holding in X. As of July's end, Fidelity had valued its shares in X at about $5.5 million.

This 78.7% markdown implies that Fidelity is currently valuing X at about $9.4 billion overall. (TechCrunch's assessment assumes that Fidelity's investment in X was made at a $44 billion valuation. The acquisition was financed through a combination of equity and debt.)

Fidelity declined to comment. X didn't respond to a request for comment.

https://techcrunch.com/2024/09/29/fi...musk-purchase/

Gee what a shame...