jeffwSo much for free speech on X; Musk confirms new users must soon pay to post
nikitaThis seems like further confirmation of that theory that I saw posted on here that the Saudi oil barons funded Elon’s purchase of Twitter for the sole purpose of destroying it. They want to silence online discussions of climate change and other left wing topics.
Combined with Reddit being owned by Tencent, Facebook being eternally evil, and TikTok being unconducive to any form of coherent dialogue, there are not many places for left wing discourse on the internet anymore.
The purchase itself was a leveraged buyout, they didn’t pay the entire $44bn as Twitter took out a loan to cover $13bn. Like all leveraged buyouts (eg Toys R Us) the purchase itself is meant to kill the business. Even before Musk started screwing the revenue there was little hope Twitter could pay the interest, let along the principle. Now, Twitter is worth less than the debt, by some estimates.