Animal’s Daily Twitter News

Before we start, check out the first chapter of a new fiction series over at Glibertarians!  And a belated thanks to The Other McCain for the Rule Five link.

Now then:  Elon Musk has bought a 9% share in Twitter, making him the single largest shareholder.  This might yield some lulz.  Excerpt:

April 4 (Reuters) – Tesla Inc (TSLA.O) top boss Elon Musk revealed a 9.2% stake in Twitter Inc (TWTR.N), worth nearly $3 billion, likely making him the biggest shareholder in the micro-blogging site and triggering a more than 20% rise in its shares.

Musk’s move comes close on the heels of his tweet that he was giving a “serious thought” to building a new social media platform, while questioning Twitter’s commitment to free speech.

A prolific Twitter user, Musk has over 80 million followers since joining the site in 2009 and has used the platform to make several announcements, including teasing a go-private deal for Tesla that landed him in regulatory scrutiny.

Of late, however, he has been critical of the social media platform and its policies, saying the company is undermining democracy by failing to adhere to free-speech principles.

“It does send a message to Twitter … having a meaningful stake in the company will keep them on their toes, because that passive stake could very quickly become an active stake,” said Thomas Hayes, managing member at Great Hill Capital LLC.

Granted Twitter will probably remain, well, Twitter.  Twitter is living proof of the old maxim, ‘Never argue with idiots.  They will drag you down to their level and beat you with experience.’  Twitter has the worst noise-to-signal ratio on the internet, and as I’m sure you know, they’re up against some pretty stiff competition.

But Twitter’s current management, as I’m sure you also know, has been engaged in some pretty heavy-handed censorship of any commentary anywhere on the spectrum that is to the right of Leon Trotsky.  With Elon Musk in the shareholder’s meetings, that might well change.  He owns a substantial stake in that company now, one large enough to give him a good deal of leverage, and he has repeatedly made plain his belief in unfettered free speech.

It will be very interesting to see what happens now.