ZERO - Biden Admin Weighs Blocking Twitter Deal On "National Security" Grounds... Just As Musk WantedYou had to know it would come to this. Intelligence front companies cannot be purchased or publically traded like shares of CSX or Walmart.
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| -Land of the Free |
| Elon Musk planning to cut 75% of Twitter workforce: report |
| 2022-10-21 |
| [NYPOST] Billionaire Elon Musk told prospective investors in his deal to buy Twitter that he planned to get rid of nearly 75% of the social media company’s 7,500 workers, the Washington Post reported on Thursday, citing interviews and certain documents. The job cuts are expected in the coming months, no matter who owns the company, according to the report. Twitter’s current management planned to pare the company’s payroll by about $800 million by the end of next year, a number that would mean the departure of nearly a quarter of the workforce, the report said. Human resources staff at the social media company have told employees that they were not planning for mass layoffs, but documents showed extensive plans to push out staff and cut down on infrastructure costs were already in place before Musk offered to buy the company, the Washington Post reported. The job cuts are expected in the coming months, no matter who owns the company, the Washington Post reported. Twitter did not immediately respond to a Rooters request for comment. Musk had tried to walk away from the deal to buy Twitter in July alleging the company understated the number of bot and spam accounts on the social media platform, which started a series of lawsuits between the two parties. Earlier this month, Musk reversed course and said he will proceed with the deal on original terms. |
| Posted by:Fred |
| #9 The Muskrat is saving himself and his investors about $30 billion that he would have torched had the deal gone through at his ridiculous, 4-times-NPV valuation for that TWTR piece of shit. Wonder how many of the spooks on the CFIUS panel he bribed? Remember: “just like the infamous FISA courts, the CFIUS panel operates in total secrecy, behind closed doors, and rarely confirms when it is conducting reviews. CFIUS also holds the power to review deals that have already been consummated... such as Musk's acquisition of twitter. “ |
| Posted by: Sletch Untervehr7450 2022-10-21 10:01 |
| #8 Don’t discount tge possibility that the Muskrat engineered this outcome. ZERO: “when Delaware Chancery court is about to rule that you must consummate your $44 billion acquisition of a company that, as SNAP today showed, is worth less than $10 billion, your best... no, your only bet is to force the government to step in and demand the deal falls apart. And how do you do that? Why demand the judge pushes back the court case by a few weeks in which you blast out what to the Biden admin seems to be unhinged pro-Putin propaganda. Well, Elon old chap, golf clap to a beautifully executed plan. And while the world's richest man would never come out and confirm any this, he did the next best thing late on Thursday when in response to a fellow reader’s reaction to the Bloomberg article, that “It would be hysterical if the government stopped Elon from over paying for Twitter", Musk responded simply "💯🤣"... Because the collapse of the deal would be just what Musk wanted (and intended) from the very beginning. |
| Posted by: Sletch Untervehr7450 2022-10-21 09:57 |
| #7 If so and not a typical tactic used by liberals to hose up a change over to a more free speech format. I would guess the 75% would mainly be the NewsSpeak vs. free speech censor dept. |
| Posted by: NN2N1 2022-10-21 09:48 |
| #6 ^ USSA |
| Posted by: Ebbavising Black7384 2022-10-21 08:44 |
| #5 ZERO - Biden Admin Weighs Blocking Twitter Deal On "National Security" Grounds... Just As Musk Wanted You had to know it would come to this. Intelligence front companies cannot be purchased or publically traded like shares of CSX or Walmart. |
| Posted by: Besoeker 2022-10-21 06:41 |
| #4 Elon Musk Planning to cut 75% of Twitter Workforce. Wonder if someone can talk him into purchasing the FBI and IRS ? |
| Posted by: Besoeker 2022-10-21 06:33 |
| #3 Start with the "fact-checkers" and "censors". Twitter itself had been planning on a 25% cut. |
| Posted by: Frank G 2022-10-21 06:20 |
| #2 Nah, now Twitter is refusing the deal. Control over elite discourse is too valuable. It doesn't matter if it makes a profit or not. |
| Posted by: Spike the Hairy6811 2022-10-21 05:17 |
| #1 That's a good start. |
| Posted by: Rex Mundi 2022-10-21 00:05 |