• Elon Musk purchased shares of Twitter after unsuccessfully petitioning the CEO to remove a Twitter account tracking his private jet.
  • Musk’s personal gripes played a key role in his $44 billion acquisition of Twitter.
  • Musk banned the account after promising not to, highlighting his prioritization of getting his way over free speech.

Archive link: https://archive.ph/ttBv9

    • LibertyLizard@slrpnk.net
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      5 months ago

      Holy shit this dude fucking lives on his plane. Like I feel guilty about the 2-3x per year I fly to see family but this fucker has flown that far already in the past week. Why? Does he not know how to do a video call?

      • PureTryOut@lemmy.kde.social
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        5 months ago

        Ugh, I feel the same. I know the top 1% of the world or whatever emits tons and tons more CO2 per year than the other 99%, but I didn’t know it was this bad. That plane is flying multiple times per day. Sure Musk is probably not in it all the time, but that doesn’t matter.

        Private jets should be banned all together, let’s see how quickly they suddenly find out the internet exists.

        • Transporter Room 3@startrek.website
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          5 months ago

          Things like this are perfect reminders that we don’t have to change every person on the planet, just eliminate the erronneous emissions.

          • Ænima@lemm.ee
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            5 months ago

            Eliminate the erroneous emissions. Interesting take on the ol’ “eat the rich.” I like it!

        • Neato@ttrpg.network
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          5 months ago

          All air travel should have fuel and emissions tax. Normalize them to commercial airliners. That’ll incentivize larger, more efficient plane designs. It’ll also punish private jets. Also charge a fee for any planes not at least X% full. Also give discounts and waive fees for planes over X size that service under-served airports.

          A bunch of regulations like this should make private planes prohibitively expensive, like 10-20x their current cost. But that’s a lot of legislation that huge corporations and billionaires would oppose.

          • AnAngryAlpaca@feddit.de
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            5 months ago

            Planes are already pretty fuel efficient per passenger. And larger planes are unlikely, because this would mean all runways they want to use must be extended so the can start and land there.

            • freebee@sh.itjust.works
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              5 months ago

              Commercial planes with high occupancy got somewhat efficient (until you compare to other modes of transportation), but private jets with 1 ego on board are incredibly fuel inefficient.

              • Womble@lemmy.world
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                5 months ago

                That’s domestic flights in the UK which are stupidly short. Short and long haul flights are at 150g which is already less than ICE cars at ~170 and not far above the average bus at 100g. Though obviously no where near electrified rail.

            • merc@sh.itjust.works
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              5 months ago

              Planes are already pretty fuel efficient per passenger

              Eh… They’re similar to cars for a similar distance. But, that still means gobs of CO2 emitted if you’re traveling from NY to LA, which would be a massive trip in a car.

        • Joker
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          5 months ago

          People with private jets often charter them out when they’re not using them. The best place for an airplane is in the air. Only bad things happen when you let it sit around on the ground all the time. It’s not much different than commercial planes that spend most of their time in the air.

          Sure, a private jet will have more emissions than an Airbus, but it’s a marginal increase. It’s not like rich people with their planes are producing a million times more pollution that wouldn’t exist if they didn’t have a private jet. They’re still going to fly, at least for longer trips.

          It’s easy to go down a rabbit hole with this line of reasoning. Who else is using less efficient aircraft or taking unnecessary flights? Are all those police helicopter flights necessary? What about people flying to go party on an island somewhere versus some more noble purpose? Or airlines with a half empty flight? Meanwhile, it’s the oil companies producing the vast majority of carbon emissions while we squabble over travel itineraries and choice of aircraft.

          • Ĺįĺįţĥ ţĥę §ęŕpęŋţ🍏🐍@lemmy.world
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            5 months ago

            If elon didn’t have a private jet and had to travel in a regular passenger plane, it would aboulutely make a difference I’m carbon emissions. Right now, we are seeing emissions from passenger planes AND private jets. Take away private jets and the passenger planes will still create the same emissions regardless. Your argument is that the addition of private jets are a “marginal increase” of emissions.

            That makes no sense. Less planes = less emissions. Private jets + planes = more emissions. Just like, if most people took public transportation on the road. Busses + cars = more emissions than if there were no cars and only public transportation left. There would be less emissions if the wealthy traveled in a regular passenger plane like everyone else.

            It’s easy to go down a rabbit hole with that kind of reasoning.

            The point is that one plane can transport a large amount of passengers in one trip, compared to, transporting the same amount of passengers in a private jet would take multiple trips. Transport more people with less fuel use. This is why public transportation is so important. It actually does make a difference. Elon just likes his toys and doesn’t give a shit about the effect it has on the environment. That’s why he’s so focused on Mars.

            This planet is doomed because of people like him, and he knows it. Otherwise, he would be investing his money into making the earth a better place instead of investing in trying to leave it.

      • Neato@ttrpg.network
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        5 months ago

        You shouldn’t really feel guilty about anything like that. Asking hundreds of millions to billions of people to drastically change their lives and practice austerity is insane while billionaires do whatever they want and corporations push legislation that makes it harder to conserve. Our meager efforts won’t matter much if the biggest offenders go pollute wantonly.

        Individual’s biggest efforts are pushing for legislation and politicians who will curb corporate abuses. Everything is a drop in a bucket that’s already overflowing.

        • anlumo@lemmy.world
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          5 months ago

          That’s why capitalism is inherently incompatible with stopping Climate Change and we’re all fucked.

        • FlorianSimon@sh.itjust.works
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          5 months ago

          There’s a limit to what is ethical when it comes to the acceptance of one’s own carbon footprint. It’s OK to use plastic bottles every now and then, but fuck flying 3 times a year. This is part of the problem, and something that we’ll need to learn to live without eventually.

          • br3d@lemmy.world
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            5 months ago

            Why would billions of us stop our excess pollution when we can just kid ourselves a handful of billionaires are doing it all? /s

        • merc@sh.itjust.works
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          5 months ago

          Also, many of the flights are empty. The flight will be moved so it’s in position if needed, or it will drop him off and fly elsewhere.

          • NotMyOldRedditName@lemmy.world
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            5 months ago

            That seems wasteful, of any flight really.

            It’d be cool if jets doing that could partner with freight companies and move cargo if needing to reposition.

            Uber for flight cargo

            • merc@sh.itjust.works
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              5 months ago

              Every private jet flight is wasteful. But, Elon Musk’s wealth fluctuates by up to $5 billion every single day. Even if he spent $5m a day on his jet, it would be an amount he wouldn’t even notice. He could literally buy a brand new private jet every single day and not notice the cost.

      • anarchyrabbit@lemmy.world
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        5 months ago

        Dude takes a 22 minute flight. My god how small do you need to feel to boost your ego to do that instead of video.

      • CurlyMoustache@lemmy.world
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        5 months ago

        This follows classic maritime law: You don’t have to pay taxes if you live in the air. That is what my lawyer Chareth Cutestory said. I have the best lawyers

      • Empricorn@feddit.nl
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        5 months ago

        Do your bosses (and their bosses) support work-from-home? They know how, but it’s about control for these people.

    • zcd@lemmy.ca
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      5 months ago

      If Musk saw this carbon would literally be shooting out of his ears like an old bugs bunny cartoon

    • PlainSimpleGarak@lemm.ee
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      5 months ago

      I don’t get this. What is the point? Why would anyone care where a billionaire is flying to and from? Just for kicks?

      • WaxiestSteam69@lemmy.world
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        5 months ago

        I think it’s mostly aboit the massive carbon footprint of a private jet and Elon has a rep for really short frequent flights.

  • Red_October@lemmy.world
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    5 months ago

    Yeah, no. Musk bought Twitter because he HAD to. He very publicly made comments about buying Twitter at absolute meme-stock prices, but didn’t disclose that he already owned a LOT of Twitter stock. So, when his comments predictably increased the price of Twitter stock, he had two choices: Either it was just talk, and he was BLATANTLY guilty of stock manipulation and the Feds put a target on his back, or he acts like he totally meant it.

    So he went with option two, acted like he was serious and wanted to buy twitter. Then he tried everything he could think of to kill the deal, accusing Twitter of all sorts of wrongdoing and lies, but Twitter was more careful than that. They got their shit right, and Musk couldn’t back out. So he bought Twitter, rather than go to prison.

    The fact that he could also kill the tracking twitter account was completely incidental. Musk is an idiot, but even he isn’t that stupid. Musk initially offered $5,000 to the account holder to stop, and then balked at the return offer for $50,000. Now, I may not be a billionaire tech-bro, but I’m pretty sure that spending $50,000 to achieve a goal is preferable to spending $44,000,000,000. He’s dumb, but he’s not that dumb.

    • Neato@ttrpg.network
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      5 months ago

      Ah so Musk was trying to increase his profits super publicly and super illegally.

      • Red_October@lemmy.world
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        5 months ago

        I honestly don’t think he was TRYING to do anything but shitpost. It didn’t look like a well thought out plan, it looked like an idiot talking out of his ass and realizing that his memes were also crimes.

        • powerage@lemmy.ml
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          5 months ago

          Elon is the kinda guy to put the meme before the horse

          Or however that goes

    • GoodEye8@lemm.ee
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      5 months ago

      I think you’re giving him too much credit. The announcement that he owned Twitter shares already hiked the price. If he wanted to short pump and dump he should’ve just kept his mouth shut, get on the board and then sell his stocks. The initial hike to his 9% ownership was on par with his buy offer hike. If his plan was to pump the company he could’ve done it without the legal trouble. Also the second price hike was after he had already made a public bid for the company and the company had accepted the offer. At that point he was locked in to buying the company. There was speculation if such a deal is allowed to go through, but the reality is that unless someone else steps in Musk had two options, he either buys the company or he gets taken to court and is forced to buy the company.

      He had to buy the company, but not because he was risking going to jail. He had to buy it because he screwed himself over by making the bid in the first place. I don’t get the need to make him seem like an intelligent man. He didn’t have any grand schemes or ulterior motives or someone else footing the bill. He simply made a horrible move, probably because he’s a huge manchild who didn’t like that the CEO of Twitter didn’t completely lick his boot.

      • Serinus@lemmy.world
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        5 months ago

        He wasn’t trying to short Twitter. He was trying to pump and dump. Though the dumping probably would have been done more tactfully than the standard pump and dump. Musk getting publicity for holding the stock helps to keep the value up. Tesla’s been inflated forever, and he thought he could do the same with Twitter.

        Yes, the primary reason he bought Twitter is that he screwed up during his pump and dump scheme. There are several reasons he was looking at Twitter in particular, including the jet tracking, how much he loves Twitter anyway, his hate for being told what he can and can not post, etc. I also suspect he’s lost most of the people who will tell him the truth and is now surrounded by right-wing grifters (for politics and aiming his money, they’re smart enough to not try to take the money directly). All these reasons were part of why the pump and dump was plausible as something else, and why it was Twitter that it happened to. Probably not even Musk knows how much of the intent to buy was legit (though not for 44b) and how much of it was the pump and dump.

        He had a scheme; I don’t know that I’d call it grand.

      • supercriticalcheese@lemmy.world
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        5 months ago

        He could had pulled out of the bid as well me thinks. Between presenting a bid and closing the deal there should be **due diligence **.

        This is what I understand Mr Musk failed to do, after that it would have been nearly impt to cancel the deal.

        • GoodEye8@lemm.ee
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          5 months ago

          I don’t remember the specifics but I think it was a sort of a “no questions asked” kind of bid, where he chose to not do the due diligence. He did try to play the “My estimation of Twitter was misled because I wasn’t disclosed to vital information” card and it got him nowhere.

    • Archer@lemmy.world
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      5 months ago

      50k is a rounding error for Musk, true. I suspect his ego/feelings stopped him from doing the smart thing and taking that kid up on the offer

    • Snapz@lemmy.world
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      5 months ago

      Yes AND he’s desperate for approval from those he sees as peers. Twitter enabled things like the Arab spring and was a useful tool for protest organizing and shining a light on horrific things - it was a lot of bullshit too, but it was also that.

      The Saudis and other authoritative, fascistic dickheads with billions all over the world benefit from a useless Twitter and the decreased threat that it can be a tool used to coordinate where the guillotines get set up. And long story short, we now have a useless joke of a Twitter.

      It was win win for him and the people propping him up, either his delusions that he would be successful with Twitter came true (they didn’t) or his likely failure makes all those ghouls happy and he sees indirect benefit from unrelated investment/contracts and someone telling him, “you’re the coolest, bro” and him replying, “watch, hey look, are you looking? Look how fast I can run, are you looking? I’m probably the fastest dinner ever actually” [Proceeds to run slow, trip and fall on his face]

    • merc@sh.itjust.works
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      5 months ago

      If he had really cared about the jet tracking thing, he wouldn’t have burned $44b buying twitter to handle it. He just would have bribed / lobbied politicians to put a “public safety” exemption into effect for public data about flights. Make it so that private jets aren’t available in the public feeds / databases. Getting a law like that passed would have cost him tens of millions rather than tens of billions.

    • Drunemeton@lemmy.world
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      5 months ago

      IIRC he was fighting “tooth & nail” to get out of the deal…until they made a request for some of his e-mails.

      Suddenly he’s done fighting and carried through with the purchase.

      (Sorry but I’m going into an appointment so no time to look up this new event…)

    • Optional@lemmy.world
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      5 months ago

      Yeah whatever the reason given as to why he bought it will never not be stupid or funny.

    • Daft_ish@lemmy.world
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      5 months ago

      Likely story. Rich people don’t go to prison, you think I was born yesterday?

    • SuckMyWang@lemmy.world
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      5 months ago

      I don’t think he would have gone to jail, he’s too rich for that and that’s not how justice works apparently but I thought there was a heap of stuff that was going to come out in discovery during the trial that was so embarrassing and damning that he preferred to pay the money

    • neclimdul@lemmy.world
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      5 months ago

      Also the part where Twitter has invested in s tier lawyers and brought and iron clad contract that heavily favored them. Which being an entitled idiot he agreed to. So when he tried to back out he literally couldn’t afford the penalties because he didn’t have enough cash and getting it would loose him control of his companies.

      Definitely not him being dumb and entitled. Surely it was a petty $50k grudge.

  • wildcardology@lemmy.world
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    5 months ago

    Ok. Musk offered the kid $5,000 to delete his account, the kid countered with $50,000. Musk refused so he spent $44 billion instead to get rid of the account.

        • Art35ian@lemmy.world
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          5 months ago

          He’s still worth $200B.

          Spending $44B? $88B? $100B. Doesn’t matter. The dude never, ever has to think about money again. If he lives to 85 and doesn’t earn another cent between now and then, he can splash 6 billion dollars a year every year until he dies.

          To give you some understanding of that kind of money, he could roughly buy two Lamborghini Diablos every single day for the rest of his life.