Video URL: https://www.youtube.com/watch?v=f0n7YI7jK1c
The Joe Rogan Experience elon's a [ __ ] wizard man yeah I'm really interested to see what he does with Twitter because he bought nine percent oh that's right I read an article today though I didn't read the article excuse me I read a headline today that said that uh he might have done something illegal by buying that stock oh really yeah but like but what is that what could he have done I don't understand that what um what was it wasn't interested enough to read what was his motivation for disclosure of the purchase the disclosure of the purchase that he disclosed it that's what it's the timing of the disclosure it says yeah I think you know is that when you make a giant purchase like that not disclosing it in a certain amount of time can affect things like the fact like how other people buy it sure um sell it or do whatever they right affect the stock price yeah I'm interested to see because uh I hear they're gonna put an edit button now because that was one of the things that he suggested and he made a poll do you think Twitter should have an edit button and he said yes who at its what you whether you can edit it like you write something and you write 1945 but you met 1965 like [ __ ] you have to delete the tweet and start all over again and he wants the he was like made a poll should Twitter have an edit button and the vast majority of people said yes so let's see if they Implement that yeah okay it's a 50 year old law that requires an investors notify the Securities and Exchange Commission when they surpass a five percent stake in a company musk reach that Benchmark on March 14th according to the filings but he made his public disclosure only Monday yeah in between he continued to buy stock at the price of around 39 per share bringing his total stake to 9.2 percent after his to close disclosure Twitter share price Rose roughly 30 percent and is now above 50 dollars per share oh [ __ ] yeah yeah so basically if he had disclosed earlier that he was buying it the price would have risen faster yes got it maybe that would have been bad for him because he wouldn't be
able to get it at the same rate yeah exactly if he if he's actually listened to so I don't know like how much power a person who's worth nine percent has over a company well he's the biggest uh owner right the biggest stakeholder shareholder but if he did they have to listen to him though you know what I'm saying like do they have to listen to him in terms of like whether they want to ban people whether they want to have an edit button whether or not they want to apply the principles of the First Amendment to something like Twitter right well maybe it's the it's the fear that if he were to dump all the stock it would hurt the price so they want to keep him happy I was having a conversation with a couple friends yesterday about this and one of them is dealing with comments on another social media platform and what they were saying was that you know what Twitter does by Banning people and censoring people is definitely bad but there are some [ __ ] horrible people that were banned by Twitter that are now ruining these other social media apps and they were explaining to me like what's happening and how these people comment on these other apps about how toxic they are and about they have like a whole group of people that have also been banned that find these new social media apps and that's that's where they congregate and hang out and that's their Community now and it's just it's just Chernobyl it's just toxic what are the other apps well there's a shitload of them I don't want to name the one they're like this person was talking to me about okay specifically because I don't want to [ __ ] up because I think I believe in these other apps I believe in all these other alternative platforms and I think that there's Great Value in having competitors whether it's to Twitter or to YouTube or to any of these Facebook any of these giant huge companies that have a massive pipeline to the consciousness of the world because the what the ability to distribute information on Twitter or on Facebook or like that is unprecedented there's never been a thing like that where privately owned company has the ability to get ideas out there that can change the way elections are on to change the way so many things are
thought of in this country I think we need Alternatives and I think we need Alternatives that adhere to free speech but the problem is when they've got these shitty people that they've kicked off of these other platforms like Twitter because Twitter is pretty ruthless about it then they go to these other places and they run amok and then like hey Free Speech you need Free Speech but then there's they're organizing harass assessment campaigns and [ __ ] with people and targeting them all day long and constantly commenting on them and like I don't know if that's good either yeah you know that would make me not want to go there if I that was I was this person so like but I don't like what Twitter did like I don't think Twitter should have banned Trump I don't think I think that was a terrible idea it's a terrible precedent to set that you you can decide that you don't like a guy who's a [ __ ] sitting president of the United States at the time and kick him off your platform because you don't like the things he's saying hmm