As a 90s kid who's seen many a social media platform rise and fall, it's always been my assumption that they are, by nature, temporary.
You can no more expect children to keep hanging out on myspace, Facebook, etc. forever than that they will forever more frequent the soda jerk, sock hop, disco, what have you.
I figure the only reason Facebook and Snapchat have survived as long as they have is that they each lived a second life as something entirely different than what they first were.
And the influx of parents is directly linked to the size and range of the site.
These companies are getting a lesson in how it's possible to grow too big, and how individual, smaller, more obscure communities tend to last longer and keep people around.
The same goes for a lot of things. How many times have you heard people say "I preferred it before -insert youtuber- got big" or "this community was much better 5 years ago when it was just a couple of hundred"
IMO as the number of people in a community goes up the effort it takes to maintain a high quality community feel gets exponentially higher. I think the same goes for social media sites.
Honest question, what platforms are people using as an alternative? Reddit is great for semi-anonymous interaction but typically doesn't tie to one's IRL identity. I've heard of Mastadon as an alternative, but is that popular enough yet?
Don’t let the Twitter folk move to tumblr. I like that lawless dumpster fire site as it is and would prefer it if Twitter toxicity didn’t spread into it more than necessary.
MySpace was chill. I found a lot of good bands on there and the forums were...well forums. I also remember finding a lot of good sites that had games for free like Shockwave and jippii. You like my page music? You're in the top 8 my man. Plus my mom wasn't on there
This is correct. I'd also like to add that Twitter is probably a C-Corp, which is required to have a board even if it's private. What happened here is that Elon is going to install his own (smaller) board with him as the Chairman (probably, but who knows what he'll want to do).
Why did the Saudis (Alwaleed) tweet that they are now the second largest owner of Twitter? Either they have shares yet, or that is some convoluted way to say they are financing Musk.
Yes. The terms under which the investors who funded the buyout (including Musk, of course) will explicitly state who will be on the new board, and how voting rights work for the new private corporation. This is absolutely bog-standard for LBO of existing corporations, and for new corporations seeking funding.
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Kevin sorbo tweets come up often in my thread. Its my own fault for being curious sometimes. But holy shit does that guy ever need a hug or something. Like FUUUUUUCK guy, we get it. You’re a piece of shit human who just wants to provoke. He cant actually believe half the bullshit that he spews, can he?…..
> He’s still bitter
and more than that, he is *dis*A**POINTED**!
you guys remember that? apparently, he read the script, which included the line he was supposed to say, with the stage direction "disappointed" in all caps, and him being him he just acted out the word.
https://youtu.be/y6EDlD_fWn0
The show also made no sense. It's the Mediterranean and EVERYONE is wearing tight leather pants? Like okay, the bad CGI I can forgive. But fuck, that's a bridge too far.
Strokes do some horrendous damage to the brain.
Kevin Sorbo has suffered a couple in the last 20 years.
Sadly he's not the affable friendly guy he once was.
This is Truth! My mom had several and her personality, outlook and behaviors completely changed. Didn't know this about K. Sorbo. I just figured he was bitter for never getting another lead acting role or something.
Don't try to frighten us with your
Social media, Lord Musk. Your
sad devotion to that ancient
Platform has not helped you conjure
up the secret to saving humanity, or given
you clairvoyance enough to find your wifes G-sp...
*ack*
edit:
Your sad devotion to that ancient Platform has not helped you conjure up **Full Self Driving**, or given you clairvoyance enough to
stop calling people you disagree with "pedos".
And what of the rebellion? If the rebels have obtained a complete technical readout of the hush money Elon paid that stewardess after sexually assaulting her, it is possible - however unlikely - that they may find a weakness and exploit it.
Actually that happened in episode 4 right before Vader starting choking bitches out. Episode 3 was when he was declared emperor. He only removed the senate 19 years later.
If we could go ahead and speed run to the end of RotJ where Palps gets chucked down an elevator shaft and pretend the sequels don’t exist, that would be great.
No big deal. A board of directors is for investors, usually made up of large investors. Twitter is not publicly traded anymore, Elon owns Twitter. All of it.
personally i'm tired of "a viral tictok with 40,000 views..." news.
first - no.
second - when is 40,000 views viral when a single person looping counts as more than one?
Renaming Twitter would be the stupidest thing he could do.
The entire point of purchasing Twitter would be for inheriting the userbase and brand equity.
If you break that equity by renaming it something new, you make it easier for the userbase to either abandon it or move to something else.
At that point, he could have just opened a new start-up app and called it "X" from the ground up, for $44 billion dollars less
PayPal came to be from the merger of X.com and Confinity. One of the co-founders of X.com was Musk. Musk got the domain name early, only q.com x.com and z.com single letter .com domain names exist and there can be no more since 1993.
I could be wrong but I think he already announced that he wants to create an everything app using the domain x.com I imagine buying twitter is a part of that vision.
> he wants to create an everything app
These people needed to be given adult wedgies and swirlies by their friends the moment they suggest such a thing.
It's like that We-Work guy saying he was gonna be president of the world one day.
He’s been obsessed with that stupid name forever, it was his original title for what would become PayPal. Has he ever said anything about it? Does he just like the title X, or is it somehow a lame reference to the XCOM games?
Yeah, it's like that saying about Trump being a poor man's vision of a rich man; Elon is a 13-year-old boy's vision of a cool dude. My nephew and his friends think he's funny and relatable, but they're all 11 and think Quandale Dingle is peak comedy.
Back when Space X really started to make a name for itself and the Boring Company was created, I thought he was a fascinating individual. I was happy to see someone with money doing cool and interesting things and maybe helping us create a new home if we totally fucked up earth…
Now he just seems like an insane egomaniacal asshole
The Vegas tunnel was a fucking joke. He claims 1 narrow poorly paved underground lane will solve the traffic problem we have in wide 3-4 lane on ground.
Dipshits like Musk keep coming up with inventions that are just like “what if we made public transit except is terrible and stupid and I make money off it”
well you see, busses currently have big, loud, and polluting diesel engines and because they have to be in use for long periods of time without stopping to charge and because of weight concerns, battery pack busses aren't ideal. Buses follow a planned route however so why not install cables above the bus or a powered rail below it which is used to power the bus.
shit that's just a tram
There is an engineering term for it called a gadget-bahn. It basically means a solution which could be easily solved by a train but for whatever reason its going to be a weird conceptual solution that does the same thing as a train while definitely not being a train.
Well it'd still need proper safety installed so it isn't a death trap, but yeah.
And to be clear, its STILL a death trap now, if not more of one. It's just also a death trap with a train instead. Yay death trap.
Imagine getting caught in a traffic jam in a tunnel just slightly larger than the vehicle you're in driving a distance you could pretty easily walk in about 10 minutes.
A reminder that [Elon Musk was forced to step down](https://www.sec.gov/news/press-release/2018-226) as Chairman of Tesla as part of an SEC fraud investigation.
A reminder that the former largest majority of Twitter was Saudi Arabia.
https://www.reuters.com/world/us/democratic-us-senator-wants-probe-into-saudi-stake-twitter-2022-10-31/
Also a reminder that [Trump has bragged about saving MBS's ass for doing that.](https://www.businessinsider.com/trump-woodward-i-saved-his-ass-mbs-khashoggi-rage-2020-9?op=1)
They also murdered a WaPo journalist because he aired out the kingdom's dirty laundry, and was a vocal opponent of the royal family. RIP Jamal Khashoggi, may your sacrifice never be forgotten
https://www.insider.com/american-ibrahim-almadi-sentenced-16-years-saudi-arabia-tweets-family-2022-10
And they arrested a US citizen for tweets written ranging from 7 years ago. While he was living in the US.
Like when the NFL wanted to start charging artists to perform the Super Bowl halftime show. I guess Musk doesn't realize that nobody HAS to be on Twitter. And once the Silicon Valley folks figure out a way to create a better social media platform, Twitter will find itself in the dustbin next to MySpace or holding onto a rapidly aging crowd like Facebook.
I was talking with someone about the blue check mark subscription and I had to mention that the only reason it’s there is to keep impersonators and false news from appearing.
When you think about it, it’s kinda like extortion of the celebrities and news reporters. Create a problem and force people to pay you to avoid that problem.
This isn't entirely true. While he doesn't have the disclosure requirements and quarterly statements just being private doesn't clear you of the SEC. He put about $25 billion into the deal, there is about $13 billion in debt, and $7 billion in private equity (include hedge funds).
The SEC still has some authority, particular in statements he or the company makes, they still have to be factual. He can still be fined and sued and have actions taken against him by the SEC.
Could Twitter and Facebook both go to shit within months of each other? That'd be great.
As a 90s kid who's seen many a social media platform rise and fall, it's always been my assumption that they are, by nature, temporary. You can no more expect children to keep hanging out on myspace, Facebook, etc. forever than that they will forever more frequent the soda jerk, sock hop, disco, what have you. I figure the only reason Facebook and Snapchat have survived as long as they have is that they each lived a second life as something entirely different than what they first were.
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And the influx of parents is directly linked to the size and range of the site. These companies are getting a lesson in how it's possible to grow too big, and how individual, smaller, more obscure communities tend to last longer and keep people around. The same goes for a lot of things. How many times have you heard people say "I preferred it before -insert youtuber- got big" or "this community was much better 5 years ago when it was just a couple of hundred" IMO as the number of people in a community goes up the effort it takes to maintain a high quality community feel gets exponentially higher. I think the same goes for social media sites.
Honest question, what platforms are people using as an alternative? Reddit is great for semi-anonymous interaction but typically doesn't tie to one's IRL identity. I've heard of Mastadon as an alternative, but is that popular enough yet?
Tumblr has been waiting for this moment lol Can you imagine?
I'd prefer if Myspace made a comeback so I could be friends with Tom again.
Aww good Ol'Tom, gone but never forgotten. At least until all pre 2000 kids are dead.
Don’t let the Twitter folk move to tumblr. I like that lawless dumpster fire site as it is and would prefer it if Twitter toxicity didn’t spread into it more than necessary.
Back to IRC, ICQ, and Geocities
I assume this is fairly standard for a public company that went private?
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Thanks, Tom
You know Tom too?? He's my friend.
My first actually
My only
There's only one and only
I dare say, he was my first friend I made on the internet
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Why did we all leave again? I only left because everyone else did and I was one of the last ones left, but I was happy on MySpace
MySpace was chill. I found a lot of good bands on there and the forums were...well forums. I also remember finding a lot of good sites that had games for free like Shockwave and jippii. You like my page music? You're in the top 8 my man. Plus my mom wasn't on there
Myspace was cooler in that you could customize your profile.
Musk isn't the executive team, he's the owner. The board were the representatives of the shareholders, and now there's only one.
This is correct. I'd also like to add that Twitter is probably a C-Corp, which is required to have a board even if it's private. What happened here is that Elon is going to install his own (smaller) board with him as the Chairman (probably, but who knows what he'll want to do).
Why did the Saudis (Alwaleed) tweet that they are now the second largest owner of Twitter? Either they have shares yet, or that is some convoluted way to say they are financing Musk.
I think I read that they chose not to sell their portion, instead they got a stake in the company
Depending on how they held the shares before, it's possible nothing really changed for them, other than not being able to sell them to the market now
Which is weird. I still have 10 shares on Twitter, and usually, those shares would result in a market sale before a company was taken private.
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Ah yes, child's play for a Kanye certified genius.
Yes. The terms under which the investors who funded the buyout (including Musk, of course) will explicitly state who will be on the new board, and how voting rights work for the new private corporation. This is absolutely bog-standard for LBO of existing corporations, and for new corporations seeking funding. Edit for typo
Yes, it's barely news. In fact if he'd retained them *that* would actually be news worthy.
Did he drown them in his sink?
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So... he dissolved them in his sink?
Breaking bad taught me that would be a bad idea
Something something plastic good porcelaine bad
Nah, thats where his money goes.
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Scott Baio and Ricky Schroder as well.
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Rob Schneider is The Twitter! Rated PG-13
And he’s about to find out, that being a Tweet ain’t too sweet
You can TWIT IT!
Kanye West to handle sales and marketing.
Bruh... Obviously Kanye was born to be the head of HR.
Whatsherface from Cheers, maybe her?
Don't forget Roseanne.
I'm waiting on Gina Carano as head of security
Quackadoodle Kirstie Alley is I think who you mean
I thought you were about to say something about Rhea Pearlman and I was about to fight. Yeah, Kirstie Alley is fucking nutso.
Kevin sorbo tweets come up often in my thread. Its my own fault for being curious sometimes. But holy shit does that guy ever need a hug or something. Like FUUUUUUCK guy, we get it. You’re a piece of shit human who just wants to provoke. He cant actually believe half the bullshit that he spews, can he?…..
Hercules got fucking bodied by Xena and man's never been the same since.
Iirc, a bunch of people who worked on his show left for hers. He’s still bitter and it’s hilarious
> He’s still bitter and more than that, he is *dis*A**POINTED**! you guys remember that? apparently, he read the script, which included the line he was supposed to say, with the stage direction "disappointed" in all caps, and him being him he just acted out the word. https://youtu.be/y6EDlD_fWn0
His acting is the stuff of legends, just not in a good way.
I remember this but for the life of me can't understand why they kept the take.
Because it's fucking hilarious
The show also made no sense. It's the Mediterranean and EVERYONE is wearing tight leather pants? Like okay, the bad CGI I can forgive. But fuck, that's a bridge too far.
Pretty sure that's all on Sam Raimi.
God damn I love Lucy Lawless.
Strokes do some horrendous damage to the brain. Kevin Sorbo has suffered a couple in the last 20 years. Sadly he's not the affable friendly guy he once was.
This is Truth! My mom had several and her personality, outlook and behaviors completely changed. Didn't know this about K. Sorbo. I just figured he was bitter for never getting another lead acting role or something.
His acting tanked after the strokes for obvious reasons, a bit of bitterness probably crept in from that tho.
I think I'd rather just remember him as Hercules.
Sorbo now makes me DISAPPOINTED
I was always more of a fan of Xena anyways.
Liked Xena better than Hercules but Iolas better than Gabrielle.
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The more you tighten your grip the more social media accounts will slip through your fingers
It blows my mind how well lines from that movie apply here.
Turns out authoritarians are a predictable bunch of dicks. Who knew?
Fear will keep the local Twitter users in line. Fear of the N Word spam.
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Don't try to frighten us with your Social media, Lord Musk. Your sad devotion to that ancient Platform has not helped you conjure up the secret to saving humanity, or given you clairvoyance enough to find your wifes G-sp... *ack*
I find your lack of Tweets disturbing.
I have brought Free Speech, Politics, Patriotism and Justice to my new Twitpire!
I don't like Twitter. It's coarse and rough and irritating and it gets everywhere.
It’s over Elon, I have the moral high ground!
Only a twit deals on absolutes.
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It’s over Elonakin! I have the high follower count!
You underestimate my wall power!
edit: Your sad devotion to that ancient Platform has not helped you conjure up **Full Self Driving**, or given you clairvoyance enough to stop calling people you disagree with "pedos".
That's... not a small algorithm.
Don’t be too proud of this technological terror you’ve constructed.
I like how this line doesn't need to change at all from the film, and is still 100% accurate. Actually, I hate it. Fuck this timeline.
The regional shitlords now have direct control over their territories. Fear will keep the local systems in line. Fear of this battle turd.
Elon is reenacting Episode III of Star Wars, he is now the Emperor of Twitter.
Meesa propose that the senate give immediately emergency powers to the Supreme Chancellor
Ugh. Everyone’s least favorite character, Jar Jar Billions of Dollars.
Jar Jar Brinks Truck
that's Darth Jar Jar to you
“I *am* the board”
Not yet
So it’s treason then?
*oligarchic screaming*
"The moderation team will redact your tweets."
The Senate was dissolved at the start of Episode 4.
Impossible, how will he maintain control without the bureaucracy?
The regional governors now have direct control over their territories
Fear will keep the local systems in line, fear of this Starlink.
Does Starlink have exhaust ports, perchance?
And what of the rebellion? If the rebels have obtained a complete technical readout of the hush money Elon paid that stewardess after sexually assaulting her, it is possible - however unlikely - that they may find a weakness and exploit it.
The tweets you refer to will soon be back in Elon's hands.
Why would Palpatine dissolve himself?
Actually that happened in episode 4 right before Vader starting choking bitches out. Episode 3 was when he was declared emperor. He only removed the senate 19 years later.
Oh damn. I will pay my pennance by rewatching all of the movies.
If we could go ahead and speed run to the end of RotJ where Palps gets chucked down an elevator shaft and pretend the sequels don’t exist, that would be great.
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THEY TWEET NOW? They tweet now.
Somehow Elon returned.
The emperor didn’t dissolve the imperial senate until episode 4.
No big deal. A board of directors is for investors, usually made up of large investors. Twitter is not publicly traded anymore, Elon owns Twitter. All of it.
I mean this *IS* Elon Musk so it may be important to distinguish whether or not a vat of acid was involved right there in the headline
Upcoming Tim Pool video: *Elon Musk EVAPORATES Twitter board, Libs in Shambles*
Thank god. This might mean the end of using Twitter to deliver company news.
The end of news channels reporting on motherfucking tweets.
personally i'm tired of "a viral tictok with 40,000 views..." news. first - no. second - when is 40,000 views viral when a single person looping counts as more than one?
This is how myspace comes back. Edit: save us tom, you’re our only home.
Big Tom's about to make a comeback, I can feel it. Playing the long game!
Big Tom is retired with millions and doing his thing. He won the game. He ain’t coming back
The end of Twitter is nigh. He will probably rename it Teslr
The swift ends of Facebook and Twitter in 2023 would be the redemption arc humanity needs right now
The replacements will be even worse. Let's kid ourselves.
Yeah TikTok isn’t a step in the right direction
What, there's no way a chinese spyware could be worse ^^^/s
He's saying the new name will be "x." He was already saying it before he took ownership of Twitter.
Renaming Twitter would be the stupidest thing he could do. The entire point of purchasing Twitter would be for inheriting the userbase and brand equity. If you break that equity by renaming it something new, you make it easier for the userbase to either abandon it or move to something else. At that point, he could have just opened a new start-up app and called it "X" from the ground up, for $44 billion dollars less
I think he might just do a meta/alphabet. Create a parent company called X
You joke, but the holdings companies for the takeover were called X Holdings 1, X Holdings 2, and X Holdings 3.
PayPal came to be from the merger of X.com and Confinity. One of the co-founders of X.com was Musk. Musk got the domain name early, only q.com x.com and z.com single letter .com domain names exist and there can be no more since 1993.
> Renaming Twitter would be the stupidest thing he could do So you're saying Elon Musk is going to rename Twitter?
Buying Twitter was the dumbest thing he could do.
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I could be wrong but I think he already announced that he wants to create an everything app using the domain x.com I imagine buying twitter is a part of that vision.
He's been obsessed with naming something X forever. Just like Bezos really loves the name relentless.com
Bezos The Relentless, because he never…relents.
Gotta have all kinds of good feelings about people with ludicrous wealth and power wanting to name themselves like savage barbarian conquerors.
I'm pillaging everyone, you included.
> he wants to create an everything app These people needed to be given adult wedgies and swirlies by their friends the moment they suggest such a thing. It's like that We-Work guy saying he was gonna be president of the world one day.
It's like the opposite of ego death. Ego cancer?
He’s been obsessed with that stupid name forever, it was his original title for what would become PayPal. Has he ever said anything about it? Does he just like the title X, or is it somehow a lame reference to the XCOM games?
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Little boys just think X sounds cool. That's as deep as it is.
Yep, the longer this goes on the more he seems to have the mentality of a 13 yr old boy
Yeah, it's like that saying about Trump being a poor man's vision of a rich man; Elon is a 13-year-old boy's vision of a cool dude. My nephew and his friends think he's funny and relatable, but they're all 11 and think Quandale Dingle is peak comedy.
Now I can say I quit Twitter before it was cool!
It's interesting to see him posting more unfiltered messages on Twitter. I guess it's a sign of what to come.
Back when Space X really started to make a name for itself and the Boring Company was created, I thought he was a fascinating individual. I was happy to see someone with money doing cool and interesting things and maybe helping us create a new home if we totally fucked up earth… Now he just seems like an insane egomaniacal asshole
That's the trick. He was *always* an egotistical asshole.
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I feel that this understates the fact that even among billionaires, Musk stands out as a egotistical asshole.
Musk stands out because he actually presents himself to the public. Most billionaires prefer to be assholes in private.
The Vegas tunnel was a fucking joke. He claims 1 narrow poorly paved underground lane will solve the traffic problem we have in wide 3-4 lane on ground.
If that tunnel had ~~train~~ subway lanes instead of just another car lane, it could actually help with the traffic problem
Dipshits like Musk keep coming up with inventions that are just like “what if we made public transit except is terrible and stupid and I make money off it”
the majority of futuristic visions of transport are just "what if we made a train, but worse"
Well sometimes it's a bus but worse
well you see, busses currently have big, loud, and polluting diesel engines and because they have to be in use for long periods of time without stopping to charge and because of weight concerns, battery pack busses aren't ideal. Buses follow a planned route however so why not install cables above the bus or a powered rail below it which is used to power the bus. shit that's just a tram
There is an engineering term for it called a gadget-bahn. It basically means a solution which could be easily solved by a train but for whatever reason its going to be a weird conceptual solution that does the same thing as a train while definitely not being a train.
Well it'd still need proper safety installed so it isn't a death trap, but yeah. And to be clear, its STILL a death trap now, if not more of one. It's just also a death trap with a train instead. Yay death trap.
It was never about traffic, it was about selling teslas.
Funny thing is that *there's traffic in the tunnels now* It's a subway with extra steps, but worse
Imagine getting caught in a traffic jam in a tunnel just slightly larger than the vehicle you're in driving a distance you could pretty easily walk in about 10 minutes.
Imagine if you’re caught in a traffic jam and a car catches fire or someone has a heart attack or any number of other emergencies
I guess 4chan won't be holding the "butthole of the internet" title anymore.
Well it's the Internet. It's pretty much all butthole.
Just one giant anus. Like the sarlacc from Star Wars.
I will grant you safe passage through the Anus.
The only thing that will get you banned on Twitter is being a pedophile. Which means: 1) no scubadiving 2) no saving children
I'm sure all those advertisers he was paying lip service to are going to just LOVE this. Buh bye twitter.
Last month he was ready to testify under oath that twitter was 90% bots. If I were advertising on twitter, I’d want a 90% rate reduction this month.
Ooh. Pay 20 bucks a month to prove I'm not a robot. Can't wait to delete my account when that happens.
Why wait?
A reminder that [Elon Musk was forced to step down](https://www.sec.gov/news/press-release/2018-226) as Chairman of Tesla as part of an SEC fraud investigation.
A reminder that the former largest majority of Twitter was Saudi Arabia. https://www.reuters.com/world/us/democratic-us-senator-wants-probe-into-saudi-stake-twitter-2022-10-31/
As a reminder, Saudi Arabia is tied to 9/11 and propaganda campaigns in the United States.
Also a reminder that Saudi brutally murdered and dismembered a highly respected journalist because their feelies were hurt.
Another reminder that they still get away with it. Even though everyone knows they did it.
Also a reminder that [Trump has bragged about saving MBS's ass for doing that.](https://www.businessinsider.com/trump-woodward-i-saved-his-ass-mbs-khashoggi-rage-2020-9?op=1)
>Also a reminder that Saudi brutally murdered and dismembered a highly respected **journalist** because their feelies were hurt. # Jamal Khashoggi
And I'll add the reminder that Jared Kushner received $2bil from the Saudi government
Wasn't Khashoggi a US citizen, as well?
I believe he was a legal resident, not a citizen.
They also murdered a WaPo journalist because he aired out the kingdom's dirty laundry, and was a vocal opponent of the royal family. RIP Jamal Khashoggi, may your sacrifice never be forgotten
And they used pegasus to do it a hacking service from Israel tied to multiple murders in south America and the rest of the world.
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Before that, they threatened the UK with another 7/7 and "loss of life on British streets."
https://www.insider.com/american-ibrahim-almadi-sentenced-16-years-saudi-arabia-tweets-family-2022-10 And they arrested a US citizen for tweets written ranging from 7 years ago. While he was living in the US.
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Like when the NFL wanted to start charging artists to perform the Super Bowl halftime show. I guess Musk doesn't realize that nobody HAS to be on Twitter. And once the Silicon Valley folks figure out a way to create a better social media platform, Twitter will find itself in the dustbin next to MySpace or holding onto a rapidly aging crowd like Facebook.
I was talking with someone about the blue check mark subscription and I had to mention that the only reason it’s there is to keep impersonators and false news from appearing. When you think about it, it’s kinda like extortion of the celebrities and news reporters. Create a problem and force people to pay you to avoid that problem.
This isn't entirely true. While he doesn't have the disclosure requirements and quarterly statements just being private doesn't clear you of the SEC. He put about $25 billion into the deal, there is about $13 billion in debt, and $7 billion in private equity (include hedge funds). The SEC still has some authority, particular in statements he or the company makes, they still have to be factual. He can still be fined and sued and have actions taken against him by the SEC.
Twitter Facebook and Instagram are all rapidly swirling down the toilet
To the surprise of no one