Elon Musk jokes that he will buy Coca-Cola to “get cocaine back”
Elon Musk said he “buys Coca-Cola to put the cocaine back in” as he jokes about what he plans to do after his $44 billion acquisition of Twitter.
During a Wednesday night chat session with his 87 million Twitter followers, Musk then reposted a meme suggesting he should buy McDonald’s in order to fix the restaurant chain’s chronically broken ice cream machines.
“Listen I can’t do miracles ok,” he tweeted.
Musk pledged to make Twitter “maximum fun” as he continued to give hints about how he intended to run the company after its board accepted his takeover offer of $44 billion earlier this week as the richest man in the world.
Musk posted several tweets late Wednesday night and Thursday morning in which he offered some suggestions for updating the site.
“Twitter DMs should have end-to-end encryption like Signal, so no one can snoop or hack your messages,” Musk tweeted.
Musk has pledged to buy Twitter and change its content moderation policies to honor its original mission as a platform that promotes free speech.
He reiterated the commitment on Wednesday evening, tweeting: “For Twitter to earn the public’s trust, it must be politically neutral, which effectively means upsetting the far right and the far left alike.”
Musk also seemed to enjoy memes that have been posted to poke fun at Twitter employees who are said to be upset by the Tesla boss’s plans to acquire the San Francisco-based company.
When Twitter user Kyle Mann wrote that his posting of a Babylon Bee video depicting a Twitter employee who is “undergoing therapy due to the impending @elonmusk takeover” was flagged by the service. for “sensitive content,” Musk responded with two hilarious emojis.
Meanwhile, some experts are predicting that Musk won’t buy Twitter after all. They see his tweets critical of the company – which would violate his pledge not to criticize the platform – as a sign of lack of seriousness.
Wall Street analysts point to the impact Musk’s impending takeover of Twitter has had on his electric car company, Tesla.
Tesla lost more than $100 billion in value as investors speculated Musk may have to sell stock to fund his $21 billion contribution to his $44 billion takeover of Twitter.
Tesla is not involved in the deal on Twitter, but its actions have been targeted by speculators after Musk refused to publicly disclose where his money for the acquisition came from.
Tesla’s 12.2% stock drop on Tuesday equates to a $21 billion drop in the value of its Tesla stake, the same as the $21 billion in cash it committed to the business. Twitter agreement.
Wedbush Securities analyst Daniel Ives said concerns about Musk’s upcoming stock sales and the possibility of him being distracted by Twitter weighed on Tesla shares.
“It (causes) a bear fest on the name,” he said.
Musk’s promise to change content moderation could run afoul of European Union regulations that require social media platforms to crack down on hate speech.
There’s also the question of how Musk’s acquisition of Twitter, which has angered Chinese authorities for allowing Hong Kong protesters to freely post about their pro-democracy struggle, will affect the automaker’s operations in the country.
If Musk were to acquire Twitter, China could threaten to limit Tesla’s footprint in the country if he doesn’t play ball and respect the dictates of the Chinese Communist Party when it comes to the social media platform – undermining its “free speech absolutist” credentials.
Amazon founder Jeff Bezos followed Musk’s takeover of Twitter, wondering if it might end up empowering China – only to conclude later that his theory was “probably” far-fetched.
“Musk’s tweets criticizing certain company actions – potentially flouting the merger deal – already suggest he may be starting to lose interest,” according to Reuters BreakingViews.
“Most likely, Musk’s attention will go elsewhere. It wouldn’t be the first time.”
While Musk continues to tweet freely about the company he is about to acquire, a federal judge has banned him from doing the same about Tesla.
U.S. District Court Judge Lewis Liman on Wednesday rejected Musk’s proposal to end a 2018 consent decree limiting his ability to tweet about Tesla, dealing a blow to the billionaire in his ongoing feud with the SEC.
With post wires
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