Previously, it was a shithole.
Now, it’s a Nazi shithole.Twitter is gone. It died the day Elon fired most of its staff.
Elon will buy Reddit next and rename it to Xit. Pronounced like…
You’re giving him too much credit. He’ll probably call it “X”, as well, grabbing some other Unicode letter, but he’ll keep using the reddit.com domain. Y’know, like twitter.com.
There is simple solution: just ignore it. Don’t refer to it in any way.
I don’t want to call it X because it’s a shit shit shit name
Sorry twitter was always trash
It really is saying something that it’s waaay worse now.
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It’s not like it was a hostile take over. They played their part when Musk talked shit and they sued him to follow through with the purchase. They could have easily kept it, but they wanted the money instead.
OP might be talking about the user base, not the owners.
Twitter has never, even dating back to it’s inception, never ever ever turned a profit. The whole reason Elon mockingly offered to buy it was because they were looking for, and struggling to find, a buyer. They just wanted to break even and walk away.
Instead Elon was like “Hur dur I got 43 billion for ya!” And Twitter was like “SOLD! No takesies backsies!”. And Elon was like “Wait, wut?”
And then Elon carried a sink through the lobby in protest.
Not that they are blameless - far from it - but they had a fiduciary responsibility to pursue the deal because it was good for their shareholders
That’s not the case at all, though it’s very often believed to be and stated as such on here and Reddit.
“Fiduciary duty to get profit” is a libertarian myth. It has no legal basis.
It’s a myth so widely pushed and accepted over the decades that just calling it a myth won’t be accepted as an argument against it at this point.
What I think is interesting is that this sense of fiduciary duty can be used by a company to do whatever they want. Mass layoffs are part of a fiduciary duty to cut costs. Mass hirings are part of a fiduciary duty to expand operations for growth. At this point it’s less a myth and more an excuse for doing whatever.
No, I don’t think that’s true. Twitters board had to sue for specific performance because Musk backed out of a formal offer in the late stages for fabricated reasons. It’s not like it was “sue musk or go to jail” but their job as board members comes with a fiduciary obligation, and musk was paying 38% over the share price. Twitter is FAR from blameless but sueing musk isn’t a failing https://corpgov.law.harvard.edu/2022/07/14/twitter-vs-musk-the-complaint/
That’s not what I said. I said the “Fiduciary duty to make profit” that keeps being brought up whenever corpos act like sociopaths, is a myth.
Ok? But that’s not what the Twitter board claimed. I agree with your premise but that isn’t what happened here.
You literally used it as the reason in the comment I replied to
But they literally HAVE a fiduciary obligation. I agree with you that people use that as an excuse for heinous shit, but in this case they had a formal, legally binding offer. Musk was in breach of contract and they sued for specific performance or damages. Musk didn’t want to pay the damages. If they didn’t sue, Twitter would forfeit I think $1bn in damages and their stock would tank. Not suing would open the door for hostile investors to come in, pretend to buy, back out when they wanted to and time the stock movements. I get what you’re saying, but this is a case where if the board didn’t sue then Twitters shareholders pay for it.
You and I may agree that they never should have been in that place to begin with but that’s definitionally a fiduciary obligation
It was a public company, the shareholders would’ve sued them, no?
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xTwitter
Call it “eX-Twitter”.
Accurate and intelligible.
Calling twix, or xitter! You can also call it Elon’s X (he has many exes, so this one fits in)
Xerox.
I mean lets not overdo it the algorithms were becoming very trash before it was bought up but it was usable. Peak twitter was like 2017
I don’t understand why anyone would care this much about a social media website
They don’t. Rather, they believe that others do, so posts like this are simply signaling alliance.
Twitter was always bad. It is of course way worse now, but it is silly to have any nostalgic and reverential feelings for it.
