Elon Musk's purchase of Twitter may soon go through

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Agema

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And it won't work.

Wikipedia crushed all the commercial encyclopedias that came before it for a reason. Musk has nothing to compete with it. What does he even want to do ? Make AI write articles ? People will just ignore an encyclopedia full of AI slop and hallucinations. Pay people to write the articles ? Too expensive to match the volume of Wikipedia even remotely. Use free conttributions but only those with a right wing slant ? That is just a second Conservapedia.

He has no selling point and, again, vastly overestimates his reach.

The only way for that to succeed is if gouvernments sabotage Wikipedia.
I think you could be underestimating it.

Firstly, a large number of ideological entities could preferentially use Grokipedia. They know it is biased... but that's the point and why they use it. And as they use it as source and reference, so it achieves a further reach. Then AI's scrape the websites using Grokipedia as a source, and so on. Then there are a host of lazy people who won't know or care about the difference between Wikipedia and Grokipedia, and a load of them will use Grokipedia just if happens to be the first thing they find, and again start filling the web with Grokipedia-based information and building momentum.

Then of course we can consider that internet search engines often privilege sources. Google search, for instance, gives Wikipedia a privileged access (it usually has a box to itself). But what happens if they switch to Grokipedia? What if someone pays them to privilege Grokipedia? (Wikipedia, let's remember, runs on donations and would not be able to compete.)

As for government sabotage, I would just draw your attention to the USA. Do you think Trump or some future Trumpist would be above threatening Google with serious consequences if they didn't favour what he wanted?
 
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dreng3

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And it won't work.

Wikipedia crushed all the commercial encyclopedias that came before it for a reason. Musk has nothing to compete with it. What does he even want to do ? Make AI write articles ? People will just ignore an encyclopedia full of AI slop and hallucinations. Pay people to write the articles ? Too expensive to match the volume of Wikipedia even remotely. Use free conttributions but only those with a right wing slant ? That is just a second Conservapedia.

He has no selling point and, again, vastly overestimates his reach.

The only way for that to succeed is if gouvernments sabotage Wikipedia.
I have students who readily use the google AI overview as a source, regardless of my harping about it being a bad source, simply because it is easier than reading an actual article on wikipedia.
 

Agema

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I have students who readily use the google AI overview as a source, regardless of my harping about it being a bad source, simply because it is easier than reading an actual article on wikipedia.
Yep. I have started warning students about the risks of trusting AI as part of their general education in recognising good sources from bad.
 

BrawlMan

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I'm so glad I never liked these cars, even before finding out about Musk dumbass.

Sucks to be him, and that's what you get for sucking up to fascism and nazism.
 

Agema

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I'm so glad I never liked these cars, even before finding out about Musk dumbass.
One might argue that if a company wishes to kill its customers (and/or their family, friends and pets), and those customers are happy to take that risk, why stop them?
 
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Agema

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I'd object to the fact that they'd probably kill me, too.
Sure, but at least it's more likely to kill them and theirs.

Contrasted for instance against designing a pickup with a front that's a death sentence to pedestrians / cyclists it hits.
 
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BrawlMan

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Speaking of killing customers, we truly live in the dumbest timeline if Musk ends up Ted Faroing.
"Robot Army"? I am not taking this idiot seriously. You can't even get your cars to work right then, your robot army is gonna die within the second they activate.

You ain't that mad scientist, Dr. Jeed, from Robo Army! Plus you can't even come close to making bad ass robots from an early 90s SNK game.

 
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Seanchaidh

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"Robot Army"? I am not taking this idiot seriously. You can't even get your cars to work right then, your robot army is gonna die within the second they activate.

You ain't that mad scientist, Dr. Jeed, from Robo Army? Plus you can't even come close to making bad ass robots from an early 90s SNK game.
Unfortunately, while Elon Musk is certainly not the genius he pretends to be, he can hire people who are.
 

BrawlMan

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Unfortunately, while Elon Musk is certainly not the genius he pretends to be, he can hire people who are.
Still wouldn't rely on them much either to make things better nor making their creations actually competent. He hired a bunch of "geniuses" for his shitty Teslas, and we've seen the results far more times than anyone on Earth cares to keep count.
 

Seanchaidh

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Still wouldn't rely on them much either to make things better nor making their creations actually competent. He hired a bunch of "geniuses" for his shitty Teslas, and we've seen the results far more times than anyone on Earth cares to keep count.
There are a variety of ways to cut corners on costs. With cars and rockets, safety and reliability can be undermined to save a dollar at the expense of the people who use them or might be hit by them or their debris. A robot army can also have such cost-cutting, but I would expect it to be in ways that are dangerous to others more than dangerous to themselves, at least for the most catastrophic failure risks. These are a priori expectations based on Musk's interests as a capitalist; as dangerous as Teslas have been, that never seems to threaten his money and power.
 

Gergar12

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NOT INVESTMENT ADVICE!!!

Note/Full Disclosure: I own around 76 Shares, and I am generally very risk-averse; this is my biggest stock investment (Thanks to my dad's advice).

Again, this is not investment advice. I generally prefer ETFs like ACWI, and firmly VOO, and VTI.

...Seems like we will likely see our first trillionaire.

ShareholderCategoryShares Held% of OutstandingCountryStance on 2025 PlanAnalysis
Vanguard GroupInstitutional2513906817.8United StatesYes LikelyTRUE
BlackRockInstitutional2059600006.3United StatesYes LikelyTRUE
Ron Baron (individual statement)Individual10000000.03United StatesYes LikelyTRUEExtra InfoAnalysis
Elon Musk (individual)Individual41100000012.7United StatesYes (Duh)TRUEInverse Reddit SaysYes
Cathie Wood / ARK InvestInstitutional75000000.23United StatesYesTesla's Biggest Bull.Inverse Cramer SaysNo
Ron Baron / Baron CapitalInstitutional170000000.53United StatesYesTRUEPolyMarketYes (95%)
Robyn Denholm (Tesla Chair)Individual500000.002AustraliaYesTRUEKnown Yes > NoYes
Florida State Board of Administration (SBA)Pension Fund28900000.09United StatesYesTRUELikely Yes > NoYes
State StreetInstitutional1134200003.4United StatesUndecidedUnknown/Possible Swing Vote
Geode Capital ManagementInstitutional648000002United StatesUndecidedUnknown/Possible Swing Vote
Capital World InvestorsInstitutional416000001.3United StatesUndecidedUnknown/Possible Swing Vote
Morgan StanleyInstitutional432000001.3United StatesUndecidedUnknown/Possible Swing Vote
FMR (Fidelity)Institutional299000000.9United StatesUndecidedUnknown/Possible Swing Vote
Retail Investors (aggregate)Retail145000000045VariousUndecidedLikely Majority Yes based on 80% Buy, and 20% Sell ratio
Goldman SachsInstitutional306000000.9United StatesUndecidedUnknown/Possible Swing Vote
Other holders (unlisted ETFs, funds, insiders, brokers)Other / Free Float47725553914.808VariousUndecidedToo hard to analyze
NYC Retirement SystemsPension Fund30000000.09United StatesNoTRUE
CalPERSPension Fund51000000.16United StatesNoTRUE
New York State Common Retirement FundPension Fund35159940.11United StatesNoTRUE
Leo KoguanIndividual / Retail Whale260000000.8Singapore/United StatesNoTRUE
Norges Bank Investment ManagementSovereign Wealth Fund372700001.1NorwayLikely NoTRUE
CalSTRSPension Fund45454550.14United StatesLikely NoTRUE
State Street Global Advisors (ESG funds)Institutional100000000.31United StatesLikely NoTRUE
ISS (Institutional Shareholder Services)Proxy Advisor00United StatesLikely NoTRUE
Glass LewisProxy Advisor00United StatesLikely NoTRUE
 
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Best guess is the real end game for all this AI years from now will be using them to build a base on Mars. The stuff done with it on Earth will primarily just serve as funding. Pretty sure Elon wouldn't still bother leading all these companies if all he wanted was the money.
 

Thaluikhain

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Best guess is the real end game for all this AI years from now will be using them to build a base on Mars. The stuff done with it on Earth will primarily just serve as funding. Pretty sure Elon wouldn't still bother leading all these companies if all he wanted was the money.
Erm...maybe that's what he's hoping for, but if so, he's going to, as usual, totally fail to achieve. Musk is flat out not building a human settlement on Mars, not going to happen.
 
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Satinavian

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"Robot Army"? I am not taking this idiot seriously. You can't even get your cars to work right then, your robot army is gonna die within the second they activate.

You ain't that mad scientist, Dr. Jeed, from Robo Army! Plus you can't even come close to making bad ass robots from an early 90s SNK game.
While the whole robot army thing won't work, it is still important to point out that he wants to sell robots and still keep control over them in a blatant way to shaft customers.

It is like all the recent stories about "smart home" appliances that for some reason don't just connect inside the house but to some server elsewhere and suddenly stop working when the company decides that they now need a software update coupled to paid subscription that comes out of nowhere. Or decides that what your smart fridge really needs now is some ads to display.
 

Chimpzy

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Erm...maybe that's what he's hoping for, but if so, he's going to, as usual, totally fail to achieve. Musk is flat out not building a human settlement on Mars, not going to happen.
I'm continuously impressed by how many people still believe in the visionary super genius myth, no matter how many times it's made evident that Musk having full control over a project does not lead to Mars colonies, but to the Cybertruck.
 

Agema

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Best guess is the real end game for all this AI years from now will be using them to build a base on Mars. The stuff done with it on Earth will primarily just serve as funding. Pretty sure Elon wouldn't still bother leading all these companies if all he wanted was the money.
Dude, Elon Musk is full of shit.

And not just Musk, they all are - Meta, Amazon, etc. This sort of trash is just Musk's particular brand of shit. These are about creating a myth about themselves and their companies, and that is in large part about keeping investors keen. Musk's self-made myth is futuristic visionary - calling himself "Chief engineer" or whatever, absurd grand visions out of 80s science fiction, and pretending that he actually understands the stuff the real scientists and engineers he employs are doing.

The reality is that Elon Musk has made a series of decisions in the last few years which expose how incredibly fallible he is. Everything about Twitter, from the moment he promised to buy it, is a lesson in incompetence. He overpaid, then he wrecked its value, all those "blue tick" missteps, and he's ended up making it worse for users, worse for the businesses that advertise on it, etc. and cratered it's value. You can argue it's served a purpose for a right-wing rabble-rouser by taking control of a major media company in order to encourage the far right across the globe, but I've not sure neo-fascists in control of major media is a win for the world. There's xAI and Grok as well, which is basically a joke. The big players in AI are Anthropic and OpenAI. Grok just generates memes for publicity, it's not a serious contender.

Then there's SpaceX. Apparently, the US government has started handing out contracts to other companies away from SpaceX because it's failing to meet targets. Then there's the Boring Company, which is a vanity project that has achieved little and probably won't do much in future.

His main company is Tesla. He's boosted in a president who has royally fucked Tesla up the backside by crapping all over the EV and batteries market. Of course, Musk has also shattered a load of Tesla's sales abroad - in essence, he picked a political fight with the sort of people who buy his cars. Then there's his cybertruck, which I guess appears to have made its money back (allegedly), but ultimately is a failure. Given increasing competition in the EV market and the fact that it looks like China can make them better and cheaper than Tesla, it's hard to see this doing well.

So, he's got robots and AI cars. On AI cars, Musk famously over-promises and underdelivers: I mean, arguably Star Citizen is making more progress. Robots, yeah, whatever, but of course we also know that Musk cheated with them too.

This is Elon Musk. It's a lot of show and advertising to present him as the great visionary. He is not.

* * *

You say it's not about the money? Okay, but if it isn't, why is he so intent on giving himself so much?

The best answer I can think of is that it's not the money per se, it's that he's a massive, rampaging narcissist and the money is making up for the massive hole in his ego that will never be filled - and that the more has gone wrong (plenty in the last few years), the more he needs to replace that damage to his ego with much more money.

Yes, what Elon craves is attention, power, respect, adoration. Money is part of that, or to superficially make up for a lack of some of the other stuff.
 
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Thaluikhain

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Annoyingly, it would be relatively easy for him or his ilk to succeed in important, boring things, like planting forests or making sure everyone got enough food. We've got he capability to do that, just not the will of rich people. He could be the world hero he likes to pretend he is.
 
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