Elon Musk buys Twitter for $44 billion

The Craziest Friday Ever
On staying at Substack, and leaving Twitter, I guess
https://www.racket.news/p/the-craziest-friday-ever
Matt Taibbi (07 April 2023)

Earlier this afternoon, I learned Substack links were being blocked on Twitter. Since being able to share my articles is a primary reason I use Twitter, I was alarmed and asked what was going on.

It turns out Twitter is upset about the new Substack Notes feature, which they see as a hostile rival. When I asked how I was supposed to market my work, I was given the option of posting my articles on Twitter instead of Substack.

Not much suspense there; I’m staying at Substack. You’ve all been great to me, as has the management of this company. Beginning early next week I’ll be using the new Substack Notes feature (to which you’ll all have access) instead of Twitter, a decision that apparently will come with a price as far as any future Twitter Files reports are concerned. It was absolutely worth it and I’ll always be grateful to those who gave me the chance to work on that story, but man is this a crazy planet.

Have a great weekend, everyone. I’m off on vacation with my kids next week, but I’ll check in. Best and take care, Matt

Twitter blocks Substack links after platform announces competing ‘Notes’ feature
Users were given the message "Some actions on this Tweet have been disabled by Twitter" when they try to retweet or like a post containing a Substack link.
https://thepostmillennial.com/twitt...er-platform-announces-competing-notes-feature
Hannah Nightingale (07 April 2023)

[...]

Meet the Censored: Me?
The Elon Musk portion of the Twitter Files story meets its M. Night Shyamalan ending. On the WTF week to end all WTF weeks
https://www.racket.news/p/meet-the-censored-me
Matt Taibbi (12 April 2023)

Nearly five months ago I was presented with a rare opportunity, to look through internal correspondence at Twitter. A small group of other journalists and writers soon jumped down the rabbit hole to join the one-in-a-million search.

At the time the company was just completing a contentious sale, which featured multiple stops, starts and legal actions, along with competing furious public relations campaigns. New owner Elon Musk accused the old regime of lying about the percentage of Monetizable Daily Active Users (mDAU) on the platform (i.e. how much on Twitter was real traffic and how much was spam), said he was “obviously overpaying,” and insisted he was an advocate of the right “to speak freely within the bounds of the law.”

I was amazed at this story’s coverage. From the Guardian last November: “Elon Musk’s Twitter is fast proving that free speech at all costs is a dangerous fantasy.”From the Washington Post: “Musk’s ‘free speech’ agenda dismantles safety work at Twitter, insiders say.” The Post story was about the “troubling” decision to re-instate the Babylon Bee, and numerous stories like it implied the world would end if this “‘free speech’ agenda” was imposed.

I didn’t have to know any of the particulars of the intramural Twitter dispute to think anyone who wanted to censor the Babylon Bee was crazy. To paraphrase Kurt Vonnegut, going to war against a satire site was like dressing up in a suit of armor to attack a hot fudge sundae. This was an obvious moral panic and the very real consternation at papers like the Washington Post and sites like Slate over these issues seemed to offer the new owners of Twitter a huge opening. With critics this obnoxious, even a step in the direction of free speech values would likely win back audiences that saw the platform as a humorless garrison of authoritarian attitudes.

This was the context under which I met Musk and the circle of adjutants who would become the go-betweens delivering the material that came to be known as the Twitter Files. I would have accepted such an invitation from Hannibal Lecter, but I actually liked Musk. His distaste for the blue-check thought police who’d spent more than a half-year working themselves into hysterics at the thought of him buying Twitter — which had become the private playground of entitled mainstream journalists — appeared rooted in more than just personal animus. He talked about wanting to restore transparency, but also seemed to think his purchase was funny, which I also did (spending $44 billion with a laugh as even a partial motive was hard not to admire).

Moreover the decision to release the company’s dirty laundry for the world to see was a potentially historic act. To this day I think he did something incredibly important by opening up these communications for the public.

Normally when someone comes to you with a story you ask what it is they want or expect out of press coverage, both so you can understand their motives and to avoid misunderstandings later on. I asked the question, but I can’t say I ever fully understood the answer. It didn’t matter. Within a few days of seeing documents it was clear we were looking at something bigger than us, Musk, or Twitter, more or less completely obviating the motivation question as far as I was concerned.

I went into the project expecting to answer a few narrow questions, maybe about how internal content moderation worked, or if federal law enforcement made an inappropriate call or two to discourage high-profile stories. Remember, in the pre-Twitter Files world, Twitter was still denying that it shadow-banned people at all (“We do not,” they’d explained). Also, the notion that there’d been any contact at all between the FBI and a company like Facebook ahead of the Hunter Biden laptop story was a national scandal after Mark Zuckerberg blurted out something along those lines to Joe Rogan. Just one possible recommendation made headlines, let alone regimes of spreadsheet requests.

When we got into the Files, we were caught off guard. The content-policing system was more elaborate and organized than any of us imagined. A communications highway had been built linking the FBI, the Department of Homeland Security, and the Office of the Director of National Intelligence with Twitter, Facebook, Google, and a slew of other platforms. Among other things this looked more like a cartel than a competitive media landscape, and I had an uneasy feeling early on that publicizing this arrangement might create a host of unanticipated problems for everyone involved. Still, there was no question this was in the public interest. So we kept going.

About two weeks into the #TwitterFiles project, the company suspended the accounts of CNN’s Donnie O’Sullivan, Ryan Mac of the New York Times, VOA’s Steve Herman, and a few other social media personalities like Aaron Rupar, reportedly for sharing information about the movement of Elon Musk’s private jet.

My phone instantly blew up with wisecracks. “I must have missed John Stuart Mill’s ‘private jet exception’ passage in On Liberty,” texted one ball-busting friend. After about six ringtones I rolled my eyes, popped an Advil, and turned my phone off, knowing what was coming. The suspensions, even if quickly reversed, were sure to ignite nuclear levels of pearl-clutching and self-pity among the same censorious power-worshipping media jerks who a few months before were howling about Musk because they thought he was for free speech.

Bari Weiss decided the situation demanded a public statement. I absolutely respected the decision, but disagreed. I thought the outcry — coming from people who never said a word across years of suppression of the type of people I wrote about in the “Meet the Censored” series, like J6 videographer Jon Farina, Canadian broadcaster Paul Jay, and the World Socialist Web Site — was a bad-faith trap. These people didn’t care about the issue at all, except in a self-interested way, while they probably did care about shifting public attention from #TwitterFiles releases.

From that moment the project was a football between two committed antagonists: a sporadically censorious CEO I didn’t really understand on one hand, and on the other, a bloc of vicious uniparty authoritarians who were committed to throttling speech as an ideological goal, whose methods and tendencies felt all too familiar.

The latter group isn’t interested in engagement and prefers a strategy of obliteration. This played out in a very real way for new Twitter from the start, in the form of sweeping advertiser boycotts led by groups like David Brock-founded Media Matters, Free Press, Accountable Tech and Color of Change. Twitter Files reporters like me experienced a less personally damaging version of the same deal, through an impressive total mainstream coverage blackout of #TwitterFiles revelations, coupled with a near-constant string of smears and stories assuring the uniparty faithful that all those documents they were assiduously kept from reading about were nothingburgers.

We were never on the same side as Musk exactly, but there was a clear confluence of interests rooted in the fact that the same institutional villains who wanted to suppress the info in the Files also wanted to bankrupt Musk. That’s what makes the developments of the last week so disappointing. There was a natural opening to push back on the worst actors with significant public support if Musk could hold it together and at least look like he was delivering on the implied promise to return Twitter to its “free speech wing of the free speech party” roots. Instead, he stepped into another optics Punji Trap, censoring the same Twitter Files reports that initially made him a transparency folk hero.

Even more bizarre, the triggering incident revolved around Substack, a relatively small company that’s nonetheless one of the few oases of independent media and free speech left in America. In my wildest imagination I couldn’t have scripted these developments, especially my own very involuntary role.

I first found out there was a problem between Twitter and Substack early last Friday, in the morning hours just after imploding under Mehdi Hasan’s Andrey Vyshinsky Jr. act on MSNBC. As that joyous experience included scenes of me refusing on camera to perform on-demand ritual criticism of Elon Musk, I first thought I was being pranked by news of Substack URLs being suppressed by him. “No way,” I thought, but other Substack writers insisted it was true: their articles were indeed being labeled, and likes and retweets of Substack pages were being prohibited.

I asked Substack co-head Hamish McKenzie what was going on. He said he wasn’t sure, but offered that they’d just announced a new “Notes program” the day before. I had to ask, “What’s that?” I had no clue what ‘Substack Notes” was:

[image hidden to save space]
 
aWpZc5g.jpg
As many unfortunately know now, my next move was to ask Elon what was going on. He didn’t answer right away, which is fine, the man is busy, but the math on this was pretty simple. Whatever was going on between Twitter and Substack had nothing to do with me or with other Substack writers, and if Twitter was going to label our work unsafe and not allow us to share my articles, I couldn’t endorse all this by using the platform, and said so. This prompted a quick ping! and a furious Signal question: “So you want Substack to kill Twitter?”

[... continued at link (subscription required): https://www.racket.news/p/the-craziest-friday-ever ... ]
 


NBCUniversal’s Linda Yaccarino Is in Talks to Become Twitter CEO
Twitter owner Elon Musk said earlier he had picked a new chief executive, without naming the person
https://www.wsj.com/articles/linda-yaccarino-in-talks-new-twitter-ceo-elon-musk-7a006bb5
[archive link: https://archive.is/RO6ej]
Jessica Toonkel, Suzanne Vranica & Alexa Corse (11 May 2023)

NBCUniversal’s head of advertising Linda Yaccarino is in talks to become the new CEO of Twitter, according to people familiar with the situation.

Ms. Yaccarino, chairman of global advertising and partnerships at NBCU, has been with NBCU for more than a decade, where she has been an industry advocate for finding better ways to measure the effectiveness of advertising. As head of NBCU’s advertising sales, she was key in the launch of the company’s ad-supported Peacock streaming service.

An NBCU spokesman said Ms. Yaccarino is in back-to-back rehearsals for an upfront presentation to advertisers.

Elon Musk announced in a tweet Thursday that he had hired a new CEO, but didn’t say who it was. “She will be starting in ~6 weeks!” Mr. Musk said in the tweet.

Mr. Musk, who has been CEO since buying the company in October, said his role will shift to executive chairman and chief technology officer, focusing on overseeing product and software.

Twitter didn’t comment.

After closing his $44 billion deal for Twitter, Mr. Musk fired several of the company’s top leaders, including CEO Parag Agrawal, the general counsel and the CFO.

In just over six months, Mr. Musk has worked to rapidly overhaul the social-media platform, conducting broad layoffs and rolling out product and content-moderation changes in quick succession, including changing the verification system to make it part of an upgraded subscription service.

In November, the billionaire, who also is CEO of Tesla, said he had “too much work” on his plate after the Twitter takeover. The next month, Mr. Musk floated the idea of naming someone to take over day-to-day management of the social-media platform. In a 12-hour poll he posted on Twitter in December, a majority of respondents said he should step down as CEO.

In February, he had said he was likely to appoint a new CEO toward the end of the year.

Mr. Musk has made jokes about who would run Twitter if he were to leave—including saying he would resign as soon he found “someone foolish enough to take the job.”
 
NBCUniversal’s Linda Yaccarino Is in Talks to Become Twitter CEO
Twitter owner Elon Musk said earlier he had picked a new chief executive, without naming the person
https://www.wsj.com/articles/linda-yaccarino-in-talks-new-twitter-ceo-elon-musk-7a006bb5
[archive link: https://archive.is/RO6ej]
Jessica Toonkel, Suzanne Vranica & Alexa Corse (11 May 2023)

NBCUniversal’s head of advertising Linda Yaccarino is in talks to become the new CEO of Twitter, according to people familiar with the situation.

[...]

Linda Yaccarino, Chairman, Global Advertising and Partnerships
https://corporate.comcast.com/news-information/leadership-overview/linda-yaccarino

Behind any show, on any screen, there’s an entire economic infrastructure at work. No person has had a bigger hand in shaping it than Linda Yaccarino. Every day, she continues to transform the $70 billion premium video ecosystem. As Chairman of Global Advertising and Partnerships, she is the strategic and operational bridge across the entirety of NBCUniversal's global networks, properties, and business units. She is responsible for stewarding the company’s industry-leading portfolio of linear networks, digital and streaming platforms, distribution partnerships, and client relationships. Yaccarino oversees all Global, National and Local Ad Sales, Partnerships, Marketing, Ad Tech, Data, Measurement, and Strategic Initiatives.

Yaccarino and her 2,000-member global team help connect emerging and established brands to hundreds of millions of viewers, driving economic impact across every sector. Since joining NBCU in 2011, her team has generated more than $100 billion in ad sales, expanded the company’s reach globally, forged groundbreaking ad partnerships, launched the first ad-supported streaming service, and made massive investments in data and technology capabilities. She is the first ad chief to develop a unified tech-enabled trading system, One Platform, and create a united monetization and enterprise strategy—a practice that has become ubiquitous in the marketplace. In other words, Yaccarino has reengineered the advertising business for the 21st century.

It has long been her vision to serve all audiences on all screens, creating a single, scaled advertising offering for all businesses, no matter where they operate—locally, nationally, or globally. This vision led to the creation of One Platform, a unified trading system, as well as NBCUnified, a first-party identity data platform that unites the company’s consumer touchpoints. Through these innovations, Yaccarino is streamlining the ad marketplace, creating more accurate measurement currencies, and maintaining the most pristine ad-ecosystem in the industry. Each year, her division hosts the media and technology industry’s leading developer conference, which brings together marketing and ad-tech partners to build a better, more data-driven ecosystem.

In addition to pushing the industry to improve the viewing experience, embrace digital viewing, and adopt new measurement metrics, Yaccarino is also constantly working to diversify NBCU’s revenue streams. This has culminated in Peacock, the ad-supported streaming service, for which her team oversees its full monetization strategy. Yaccarino’s team is also responsible for pioneering data-driven commercial innovations and forging partnerships with companies like Apple News, Buzzfeed, Holler, ReachTV, Snapchat, Twitter, YouTube, and more—all to increase NBCU’s digital footprint. As a result, NBCU has showcased a slate of record-breaking tentpole events, including the most-streamed Super Bowl and the most-engaged-with Olympic Games in history.

Since the acquisition of Sky, Yaccarino has scaled her transformative approach to create the first global premium video advertising solution. She has also led the development of the first-ever combined ad and sponsorship program for the LA 2028 Olympics. And to prepare NBCU employees for the future of work, her division created a state-of-the-art Center of Excellence, designed to democratize insights, resources, and training materials industry-wide.

As an industry advocate, Yaccarino has called for a return to values-based, trusted partnerships, spotlighting the most important issues facing her colleagues and peers. As 2021-2022 Ad Council Chair, Yaccarino partnered with the business community, the White House, and government agencies to create a COVID-19 vaccination campaign, featuring Pope Francis and reaching over 200 million Americans. At NBCU, she uses the power of media to advance equity and helps to launch DEI-focused initiatives, including BOLD, a program for employing veterans; #ShesMy, a campaign to uplift women and girls; Scene in Color, a collaboration with Target to elevate emerging BIPOC film creatives; and a partnership with Telemundo to release a Latina-centric storytelling guide.

New York Women in Communication honored Yaccarino with a Matrix Award. She’s also been recognized as one of Business Insider’s “Top 10 People Transforming Advertising”; Adweek’s “Ten Most Powerful Women in TV”; Hollywood Reporter’s“ Women in Entertainment: Power 100”; and Variety’s “Power Women of New York.” Yaccarino was inducted into the B&C’s Hall of Fame, received the UJA Foundation’s Mac Dane Award for Humanitarian Excellence the Distinguished Alumni Award from Penn State University, and has delivered the Don Davis Lecture in Advertising Ethics.
 
Linda Yaccarino, Chairman, Global Advertising and Partnerships
https://corporate.comcast.com/news-information/leadership-overview/linda-yaccarino
...
As 2021-2022 Ad Council Chair, Yaccarino partnered with the business community, the White House, and government agencies to create a COVID-19 vaccination campaign, featuring Pope Francis and reaching over 200 million Americans. At NBCU, she uses the power of media to advance equity and helps to launch DEI-focused initiatives, including BOLD, a program for employing veterans; #ShesMy, a campaign to uplift women and girls; Scene in Color, a collaboration with Target to elevate emerging BIPOC film creatives; and a partnership with Telemundo to release a Latina-centric storytelling guide.
...

It all sounded like potentially a good move up until that paragraph. I can understand Musk wanted to gain market share and introduce cutting edge tech, but hiring a woke ideologue is suicidal. These are the people that gladly sacrifice profits, market share and companies for the woke agenda.

With that in mind, this sounds like a Trump move. In other words, naïve and ignorant of the full picture.
 

NBCUniversal’s Linda Yaccarino Is in Talks to Become Twitter CEO
Twitter owner Elon Musk said earlier he had picked a new chief executive, without naming the person
https://www.wsj.com/articles/linda-yaccarino-in-talks-new-twitter-ceo-elon-musk-7a006bb5
[archive link: https://archive.is/RO6ej]
Jessica Toonkel, Suzanne Vranica & Alexa Corse (11 May 2023)

NBCUniversal’s head of advertising Linda Yaccarino is in talks to become the new CEO of Twitter, according to people familiar with the situation.

Ms. Yaccarino, chairman of global advertising and partnerships at NBCU, has been with NBCU for more than a decade, where she has been an industry advocate for finding better ways to measure the effectiveness of advertising. As head of NBCU’s advertising sales, she was key in the launch of the company’s ad-supported Peacock streaming service.

An NBCU spokesman said Ms. Yaccarino is in back-to-back rehearsals for an upfront presentation to advertisers.

Elon Musk announced in a tweet Thursday that he had hired a new CEO, but didn’t say who it was. “She will be starting in ~6 weeks!” Mr. Musk said in the tweet.

Mr. Musk, who has been CEO since buying the company in October, said his role will shift to executive chairman and chief technology officer, focusing on overseeing product and software.

Twitter didn’t comment.

After closing his $44 billion deal for Twitter, Mr. Musk fired several of the company’s top leaders, including CEO Parag Agrawal, the general counsel and the CFO.

In just over six months, Mr. Musk has worked to rapidly overhaul the social-media platform, conducting broad layoffs and rolling out product and content-moderation changes in quick succession, including changing the verification system to make it part of an upgraded subscription service.

In November, the billionaire, who also is CEO of Tesla, said he had “too much work” on his plate after the Twitter takeover. The next month, Mr. Musk floated the idea of naming someone to take over day-to-day management of the social-media platform. In a 12-hour poll he posted on Twitter in December, a majority of respondents said he should step down as CEO.

In February, he had said he was likely to appoint a new CEO toward the end of the year.

Mr. Musk has made jokes about who would run Twitter if he were to leave—including saying he would resign as soon he found “someone foolish enough to take the job.”

Well he sure found someone foolish enough alright.
 
Elon Musk always seemed like a controlled opposition.

What he did to the jab made me wonder if he wasn't too good to be true. Maybe somebody decided they had done all the damage they could do with that psyop, and it was time to wind it down.

What he's doing on the subject of interracial violence needs to be done, but it may well be intended to get the race war show on the road.

Hard to tell. In any case, he certainly is giving himself plausible deniability, and coming across really well.
 
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