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Pedo guy megalomaniacal manchild officially owns Twitter


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Christ, now I really wished I lived in the EU:

 

WWW.REUTERS.COM

Elon Musk, owner of social media platform X, is considering removing the service formerly called Twitter from Europe in response to a new internet platform regulation in the region, news site Insider reported on Wednesday.

 

 

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Elon Musk, owner of social media platform X, is considering removing the service formerly called Twitter from Europe in response to a new internet platform regulation in the region, news site Insider reported on Wednesday.

 

The billionaire has discussed removing the app's availability in the region, or blocking users in the European Union from accessing it, a person familiar with the company told the publication.

 

The European Union in August adopted the Digital Services Act (DSA), which sets forth rules for preventing the spread of harmful content, banning or limiting certain user-targeting practices, and sharing some internal data with regulators and associated researchers, among other things.

 

 

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Think about how much this dude usually hypes stuff up and now consider how bad the Cybertruck has to be if he's saying stuff like this on an earnings call.

 

FUTURISM.COM

There's fewer than six weeks until Tesla's Cybertrucks start being delivered, and already, CEO Elon Musk is trying to set the bar low. 

 

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17 minutes ago, Ricofoley said:

Think about how much this dude usually hypes stuff up and now consider how bad the Cybertruck has to be if he's saying stuff like this on an earnings call.

 

FUTURISM.COM

There's fewer than six weeks until Tesla's Cybertrucks start being delivered, and already, CEO Elon Musk is trying to set the bar low. 

 

 

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The valuation is based on an employee equity award plan:

 

WWW.THEVERGE.COM

A steep drop from Musk’s $44 billion purchase price.

 

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Everyone knew that Twitter wasn’t worth $44 billion when Elon Musk bought it a year ago. Now, we know what Musk himself thinks it’s worth today: $19 billion.

 

On Monday, employees at X were awarded equity in the company at a valuation of $19 billion, or $45 per share, according to internal documents seen by The Verge. That price is a 55 percent discount to Musk’s original purchase price, per the documents, which note that “the fair market value per share is determined by the Board of Directors based on a number of factors in a manner that complies with applicable tax rules.” (Musk is X’s chair and has yet to create a formal board.)

 

Since he took over Twitter, Musk has said that he wants to model the company’s compensation plan after SpaceX, which is also privately held but lets employees regularly cash out a portion of their shares to outside investors. The type of equity X is giving employees is called restricted stock units, or RSUs. These RSUs are earned over a period of four years from their grant date and require a “liquidity event,” such as an IPO or sale of the company, to be taxed as income, the internal documents explain. (Fortune first reported that X was valuing itself at $19 billion.)

 

 

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27 minutes ago, Commissar SFLUFAN said:

 

Microsoft ended the Twitter/X integration for the Xbox back in April, so only Nintendo remains (for now).

 

The last thing I used it for before I stopped using it completely, so definitely no reason to ever go back 

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