Elon Musk $44 Billion Twitter deal

Musk keeps using the phrase "Vox Populi Vox Dei" to show he’s listening to "the people".

Amusingly, the context of the phrase in its original setting means exactly the opposite - it was originated by a learned scholar (Alcuin) in Charlemagne’s court, and he advised the King

Nec audiendi qui solent dicere, Vox populi, vox Dei, quum tumultuositas vulgi semper insaniae proxima sit.

Which translates to

And those people should not be listened to who keep saying the voice of the people is the voice of God, since the riotousness of the crowd is always very close to madness.

[pip08456]

Originally Posted by Hugh

Musk keeps using the phrase "Vox Populi Vox Dei" to show he’s listening to "the people".

Amusingly, the context of the phrase in its original setting means exactly the opposite - it was originated by a learned scholar (Alcuin) in Charlemagne’s court, and he advised the King



Which translates to

Putting the phrase in a different context does not change the translation.

Originally Posted by pip08456

Putting the phrase in a different context does not change the translation.

It’s the original context, not a different one…

[pip08456]

Originally Posted by Hugh

It’s the original context, not a different one…

Are you saying that's the first time the phrase was ever used or that it is the first recorded time?

The term “vox populi” sounds like the sort of thing that would have been commonly evoked in the Roman Republic, but the earliest known reference to equating it with the voice of God (“Vox populi, vox Dei)—in a disapproving way—is attributed to Saxon scholar and teacher Alcuin of York (735–804), then Master of the Palace School at Aachen

my bold.

https://www.historynet.com/what-is-t...opuli-vox-dei/

First recorded time, and in that context…

[TheDaddy]

Originally Posted by pip08456

Are you saying that's the first time the phrase was ever used or that it is the first recorded time?

Scholars and teachers were usually priests in those days and did everything in Latin and the first recorded time it's used might as well be the first time it was used, it's certainly the first known time it was used that someone took interest enough in it to write it down, think I'll give historynet a miss, sounds like it's for children

Sheesh, move on people.

[1andrew1]

Interesting to see that Twitter is now trying to raise more money.

The head of Elon Musk’s family office has approached investors who helped the billionaire buy Twitter for $44bn in October to try and raise new funds as the social media company continues to bleed cash and faces heavy interest payments on its debts.

There are two schools of thought on what the money is for:

“Everything has been done haphazardly and roughly,” said investment adviser Ross Gerber, who invested in the Twitter deal in October and confirmed he had received the latest offer. “They’re doing it because they’re out of money. I don’t think [Musk] expected such a big drop in revenue.”

A second person whose firm received the offer said Musk had indicated the new capital would be used to fund an expansion of its business, including a “hiring spree” of programmers to build a “super app” that could process payments, among other services.

https://www.ft.com/content/bb047c8f-...b-50d0494c8c48

It's also interesting to note Musk's share sales in Tesla. In April, he said he would not sell more stock in the company. This week, he sold $3.6bn in Tesla.
https://www.bbc.com/news/business-63981767

I think Musk is learning what Truss and Kwarteng learnt the hard way: that business (in his case, advertisers) doesn't like uncertainty and Twitter under Musk is delivering uncertainty by the car load!

I wonder if he is slowly trying to get out of Telsa, he has sold a lot of shares in it over the last year and the price has dropped a lot. A lot of that is just a market correction as Telsa was absurdly overvalued compared to other car companies but with those companies taking a stronger interest in electric models as well as the problems Telsa have had it might be something he wants to get rid of.

[1andrew1]

Originally Posted by Damien

I wonder if he is slowly trying to get out of Telsa, he has sold a lot of shares in it over the last year and the price has dropped a lot. A lot of that is just a market correction as Telsa was absurdly overvalued compared to other car companies but with those companies taking a stronger interest in electric models as well as the problems Telsa have had it might be something he wants to get rid of.

That theory makes sense. Tesla's market share is bound to fall as competition increases, particularly from Chinese and European manufacturers.

[Pierre]

Always great to see the captains of British industry and Investment weighing in with their assessment!

[1andrew1]

Originally Posted by Pierre

Always great to see the captains of British industry and Investment weighing in with their assessment!

Warren Buffet had difficulty resetting his password so Damien and I thought we'd try and fill the gap!

Originally Posted by 1andrew1

Interesting to see that Twitter is now trying to raise more money.


There are two schools of thought on what the money is for:

https://www.ft.com/content/bb047c8f-...b-50d0494c8c48

It's also interesting to note Musk's share sales in Tesla. In April, he said he would not sell more stock in the company. This week, he sold $3.6bn in Tesla.
https://www.bbc.com/news/business-63981767

I think Musk is learning what Truss and Kwarteng learnt the hard way: that business (in his case, advertisers) doesn't like uncertainty and Twitter under Musk is delivering uncertainty by the car load!

Utter dire assessment towards the end there.

Last night, he’s set up another Twitter poll, asking if he should leave as head of Twitter, last time I looked it was about 56.7% yes, 43.3 No, nearly 16,000,000 had voted on it. Important to note, he’d still own it, just would not be in charge of running it day to day, behind the scenes, would still have a big say on how it’s run. Tesla share holders want him back focusing on Tesla, Twitter has been big distraction for him.

I’m sure that poll had nothing to do with him meeting his Saudi Arabian financial backers (second largest investors in Twitter) in Qatar last night…

Imagine being so overtly authoritarian that even the Saudis tell you to stand down.

On a totally unrelated note, the tweets by @TwitterSupport yesterday announcing a new policy banning linking to competing websites, have been deleted.

The policy itself has also been deleted from Twitter’s website.