ugh

  • 23 Posts
  • 84 Comments
Joined 5 months ago
cake
Cake day: January 21st, 2025

help-circle
















  • Since taking over the group, Musk has loosened the platform’s moderation policies, something that prompted many advertisers to leave. Disclosures from Fidelity Investments in late September implied a valuation for the company that was below $10bn. Musk purchased Twitter for $44bn. The new $44bn valuation represents a rebound for Musk and the group’s investors, including Andreessen Horowitz, Sequoia Capital, 8VC, Goanna Capital and Fidelity Investments. The deal would help set a price for the upcoming primary round

    Great. Now I need to find a better handler for my retirement fund… ugh.

    Another two people with knowledge of X’s finances said there were signs Musk’s cost-cutting plan for the company was working, and that revenues had been improving. A further person noted, however, that the ebitda figure was “wildly adjusted”.

    Well, yea. You chase a major chunk of users off and collapse a company, any shred of viability looks great. The key here is the “wildly adjusted” bit.

    Investor interest in the loans improved in the weeks following Trump’s election victory in November, given the billionaire’s proximity to the new administration as a confidant to the president and the head of the so-called Department of Government Efficiency (Doge) intent on cutting government red tape.

    So bribery.

    A group of seven Wall Street banks including Morgan Stanley, Bank of America, Barclays and MUFG have sold almost all the $12.5bn of loans Musk used to finance his takeover of Twitter in 2022. The lenders had been saddled with the debt while Musk sought to turn around X’s operations as equity investors repriced their stakes in the platform at dramatic discounts.

    And they now want a piece of the bribery pie.

    It also improved after Musk gave a 25 per cent stake in his artificial intelligence start-up xAI to investors in the social media company early last year. xAI has obtained a valuation of $45bn, and the novel arrangement has provided new security to X’s lenders and boosted the platform’s valuation. One banker close to the fundraising said the upcoming primary round would help X “clean up the last bit of debt”.

    Again, bribery.

    The banks agreed to give the company time to raise fresh equity or equity-like funding to pay down the remaining junior debt, instead of offloading it when they sold more than $11bn of the loans in January and February, two people said

    For better democratic results, eject the C suit

    In a further boost for X, groups such as Amazon have boosted marketing spending recently as Musk’s relationship with Trump has deepened. X recently added a number of brands, including Nestlé, Lego, Pinterest and Shell, to a lawsuit alleging the companies had previously illegally boycotted the platform.

    This bullshit again.










  • tl;dr - literally idiots fall for misinfo.

    Summary on “Who Falls for Misinformation and Why?” by Hubeny, Nahon, Ng, and Gawronski.

    Study Overview

    This research investigated who falls for misinformation and why, using Signal Detection Theory (SDT) to identify three distinct factors affecting misinformation susceptibility:

    1. Truth sensitivity: Ability to distinguish true from false information
    2. Acceptance threshold: General tendency to accept information as true
    3. Myside bias: Tendency to accept information congruent with one’s views

    The researchers conducted two studies examining associations between 15 individual-difference dimensions and misinformation susceptibility: Study 1 with political misinformation (274 participants) and Study 2 with COVID-19 vaccine misinformation (222 participants).

    Key Findings

    Who Falls for Misinformation

    People were more likely to believe misinformation if they had:

    • Lower cognitive reflection abilities
    • Lower actively open-minded thinking
    • Higher bullshit receptivity (tendency to find random statements profound)
    • Higher conspiracy mentality

    Why They Fall for Misinformation

    The research revealed these associations were primarily driven by differences in truth sensitivity. People with high cognitive reflection and actively open-minded thinking showed better ability to distinguish true from false information, while those high in bullshit receptivity and conspiracy mentality showed poorer ability.

    A bifactor model analysis revealed these four dimensions are largely driven by a single underlying factor the authors call “reflective open-mindedness.”

    Acceptance Threshold and Myside Bias

    While individual differences in acceptance threshold and myside bias both contributed to misinformation susceptibility, none of the 15 individual-difference dimensions showed reliable associations with these factors across both studies.

    Theoretical Contributions

    • Demonstrates that multiple factors affect misinformation susceptibility
    • Shows that analytical reasoning (cognitive reflection, AOT) may reduce misinformation belief through improved truth sensitivity, but is unlikely to affect belief driven by low acceptance threshold or myside bias
    • Identifies a major gap in understanding individual differences in acceptance threshold and myside bias
    • Provides evidence for general propensities to fall for misinformation across different content domains

    This research suggests that while we understand what makes people better at distinguishing true from false information (truth sensitivity), we don’t yet understand what makes some people have higher acceptance thresholds or show stronger myside bias.