melp @ melp @beehaw.org

ugh

---

Read more

Posts

133

Comments

462

Joined

6 mo. ago

Since taking over the group, Musk has loosened the platform’s moderation policies, something that prompted many advertisers to leave. Disclosures from Fidelity Investments in late September implied a valuation for the company that was below $10bn. Musk purchased Twitter for $44bn. The new $44bn valuation represents a rebound for Musk and the group’s investors, including Andreessen Horowitz, Sequoia Capital, 8VC, Goanna Capital and Fidelity Investments. The deal would help set a price for the upcoming primary round

Great. Now I need to find a better handler for my retirement fund... ugh.

Another two people with knowledge of X’s finances said there were signs Musk’s cost-cutting plan for the company was working, and that revenues had been improving. A further person noted, however, that the ebitda figure was “wildly adjusted”.

Well, yea. You chase a major chunk of users off and collapse a company, any shred of viability looks great. The key here is the "wildly adjusted" bit.

Investor interest in the loans improved in the weeks following Trump’s election victory in November, given the billionaire’s proximity to the new administration as a confidant to the president and the head of the so-called Department of Government Efficiency (Doge) intent on cutting government red tape.

So bribery.

A group of seven Wall Street banks including Morgan Stanley, Bank of America, Barclays and MUFG have sold almost all the $12.5bn of loans Musk used to finance his takeover of Twitter in 2022. The lenders had been saddled with the debt while Musk sought to turn around X’s operations as equity investors repriced their stakes in the platform at dramatic discounts.

And they now want a piece of the bribery pie.

It also improved after Musk gave a 25 per cent stake in his artificial intelligence start-up xAI to investors in the social media company early last year. xAI has obtained a valuation of $45bn, and the novel arrangement has provided new security to X’s lenders and boosted the platform’s valuation. One banker close to the fundraising said the upcoming primary round would help X “clean up the last bit of debt”.

Again, bribery.

The banks agreed to give the company time to raise fresh equity or equity-like funding to pay down the remaining junior debt, instead of offloading it when they sold more than $11bn of the loans in January and February, two people said

For better democratic results, eject the C suit

In a further boost for X, groups such as Amazon have boosted marketing spending recently as Musk’s relationship with Trump has deepened. X recently added a number of brands, including Nestlé, Lego, Pinterest and Shell, to a lawsuit alleging the companies had previously illegally boycotted the platform.

This bullshit again.

They upped my dosage of Lexapro and everything feels like that one monologue to Fight Club: "When you have insomnia, you're never really asleep, and you're never really awake. With insomnia, nothing's real. Everything is far away. Everything is a copy of a copy of a copy..."

Yep. Been saying for a minute Gen Z are the new boomers. Really fucked up.

Can we promote it for her?

We don't. It's bullshit.

Welp. Canceling that account.

I'm a grump this week. Really shoulda removed the uterus when I had the chance.

Edit: I also love SpaceHey. I made my profile to be Tina Horse Girl infauated with BUTTS from Bob's Burgers.

Thanks for that. I went in a rebalanced it.

I'm just curious what people are thinking, feeling, doing.

Oh... in relation to the uncounted ballots

UK is right behind us in fascist lockstep

I skimmed. It seems to have the general idea.

I used Claude. I know ... AI bad. But for long reads it helps a lot.

Won't make me trust or like it any more.. definitely less

Fascists to host fascists.

tl;dr

In 1933, amidst the Great Depression in Australia, Communist Party members Reginald “Shorty” Patullo and Noel Counihan instigated the Battle of Phoenix Street in Melbourne. This event, a protest against anti-protest laws, involved Patullo scaling a tram to shout slogans while Counihan locked himself in a steel cage to address onlookers. Police violence against the protesters, especially the shooting of Patullo, galvanized public support for the "Free Speech League." The League, backed by unions and some Labor MPs, challenged the UAP government's restrictions on public gatherings. The government was forced to release Patullo and amend traffic laws, effectively decriminalizing open-air meetings. The Battle of Phoenix Street is remembered as a significant victory for working-class history in Australia. It forced even staunch anti-communists like Robert Menzies to concede the legality of communist expression, highlighting the power of organized resistance against repressive laws.

I would like to see one right winger sit in jail for once

Even if they "come correct", I'm done with them.

I feel like FAIR should add this story to their db

Ohhh... ok. I figured they were trafficked.