Brazil's top court says X paid pending fines to wrong bank
reuters.com
reuters.com
I'm trying to understand that news since today's morning. It makes no sense.
Edit: Another comment clarified it. Twitter didn't deposit it on the government account, they created a new account arbitrated by the judge and deposited it there.
And as for the court "playing technicalities", that's just false. The court literally told the bank to fix it directly (i.e. move the money to the right account). The court is ordinarily under no obligation of being so practical about this kind of stuff. In lower courts it would probably take weeks to fix this mess.
Twitter is being given special treatment in the most beneficial way possible.
Anyway, the whole conspiratorial argument is dumb. Twitter is not really relevant in Brazil, and today's elections are mayoral elections. If you think there's any national-level grandiose political fight happening, you are probably in need of a chair.
Looks like you are really engaged into politics, aren't you? So many assumptions. I'm as Brazilian as you, smartass. I'm happy Xitter is out of Brazil and loving to see Alexandre de Moraes playing with Elon Musk.
You know they don't literally mean that right? This joke is seriously getting tired imo. Twitter actually has an established space in discourse and it shapes conversations or used to shape conversations. It has literally helped people get resources during times of crisis, most recent event where twitter helped people real time was during Covid in 2021, here in India. People were exchanging info real time for oxygen cylinders and during this crisis they made a special section for it as well which updated very frequently so people could get help or give help. When our govt didn't do shit, Twitter helped.
There are many such examples, Twitter is(was) always at the fore front whenever there was some war/event happening and reporters preferred to post updates on twitter real time instead of their news boards.
You might not see value in it, but if it goes away, I doubt that space will be filled easily. Threads is for entertainment. I don't see any of the "threads" on that platform making to mainstream discourse.
Let's please stop making this tired argument.
Twitter is really important for humanity whether you believe it or not.
The utility Twitter provided isn't written-off, but it really shouldn't have happened on a for-profit advertising platform. What people are unwilling to accept is that Twitter was lightning in a bottle - it won't come back because everyone learned the lesson that it doesn't make money. You can either move onto a radical platform that tries to fix the original sin (eg. Mastodon/BlueSky/Nostr) or you can stick with the huddled masses that rely on a censored and monetized platform to speak freely online.
Allow-only instances won't show your content but chances are they won't show most content. These are hugboxy environments you'd probably not want to be around anyways (and they sure don't want to be around you).
Block-only instances will show your content as long as it doesn't piss them off. If you are being racist or posting illegal content, you're gonna get muted. They have absolutely no obligation to propagate your content if you're not going to reach bare-minimum decorum.
The assumption that useful speech goes viral is incredibly misjudged.
I believe his version of twitter was the closest thing we could get to an "uncensored" twitter. Everything is relative. How do you run and sustain a platform where people who call for genocide are getting their voice amplified? And is that even legal? Like, the platform has to take responsibility if it isn't going to "censor" speech.
Freedom of speech shouldn't mean freedom of reach. Yeah, if you want to make some ill-taste racist jokes, you must be shadow banned so that unless people specifically search for your name, the platform shouldn't amplify their voice.
> it won't come back because everyone learned the lesson that it doesn't make money
How can anyone dismiss Twitter earning >$5B in revenue as something not viable? Dorsey's twitter had too many employees. IIRC, their personnel costs alone was something like a $1B. Why do you need such a big team? Why are you hiring so many people and running mini experiments in the company hoping that you can become facebook level money making machine?
Dorsey should have realized that they are never going to become facebook level rich and just stay content with what they have and grow modestly and layoff people. Keep working on your core features. You don't need to be the next facebook, you are already twitter, heck, you have your company's name as a noun in a dictionary. Reduce your costs and coast. Nothing wrong with that.
But you need to be content with yourself first to think about company's decisions like that.
What has happened with twitter is truly shameful and Dorsey got with the wrong people (that's what i believe happened since he rolled his old twitter equity into x(itter) equity).
I mean... I don't agree with that, considering that BlueSky exists now. I never used either of Dorsey's social medias but I would argue BlueSky is fundamentally closer to uncensored than X or Twitter ever was.
> How can anyone dismiss Twitter earning >$5B in revenue as something not viable?
Because their expenditures were through the roof, and even running it on a skeleton team a-la X seems to be losing money hand over fist. Twitter could have contented themselves with lower revenue, but they'd have to redesign their product stack or find ways to make more money elsewhere. Both of those take time and burn goodwill with the community.
At the end of the day, as a lifelong outsider to Twitter, it's just an endlessly ironic fate for the site. I have no love for Elon Musk but I also don't see Jack Dorsey as some messianic genius. The dude sold out his site in his final years because he failed to operate it for a decade and couldn't force people onto his crypto bandwagon. He never tried to correct course on Twitter (instead funding BlueSky as a contingency) and basically left his userbase to suffer as a value-add to his stock package. When I hear people complain about how bad Twitter is I just imagine frogs sitting in a boiling pot asking why their legs are numb. Do we really have to go over this again?
I've gotten enormous value from it from following accounts that post content I deem relevant to my interests.
Don't you view your timeline?
Since the eternal September (prior to Musks' acquisition) the lowest common denominator has been getting lower by the year.
You have a point that blasting out a tweet which is limited to a low character count does lend itself to ragebait yet the volume of ragebait tweets, in my opinion, is also influenced by the current culture of the network (Musk) and the context of the times (election 4 weeks away).
> Twitter is really important for humanity whether you believe it or not.
This may be true. But whatever it speaks about humanity, it is not very flattering.
That's not twitter helping, that's people helping. If there were no social networks, this would still happen. Having a billionare controlling global speech isn't worth it in any way even if it brings punctual benefits like the ones you cited
Twitter is the ONLY social network that is actually social, and attempts to connect strangers. Contrary to Facebook, etc where you need to be ‘friends’ first.
Even Facebook has features for connecting strangers e.g. Groups.
Mastodon ? No one knows you unless you have other socials
Instagram ? it blocks pc traffic , no retweet
Threads ? maybe the only one viable but it's meta
Facebook ? Um good luck
Tiktok ? It's just videos , it's far from soical media .
Maybe if he reverts the name.
Define saved.
Why not? Even if he doesn't restructure the debt he's basically created, in xAI, enough personal wealth to bankroll X/Twitter for a decade.
It's practically getting him Cabinet-level power without the accompanying checks in an incoming Trump administration. (Or Vance '28. Et cetera.)
America didn't have a Rupert Murdoch since Hearst. Newsrooms preserved their independence. Twitter doesn't have a newsroom. It doesn't have journalists. It has Elon and his peons. That's powerful.
https://mashable.com/article/x-twitter-value-down-fidelity
And so no it can't be saved if it continues on its current trajectory.
The open protocol nature also means anyone can write any feed that works any way they want for anyone to use
Source: I was sued by the brazilian govement because my accountant fucked up and had to hirre a layer to negotiate and paied my fees in the course of 10 years.
Alexandre the Moraes pretty much ignored the constitution in every step this proccess.
This comment will be downvoted to hell, but reality is reality.
You have to fill in the destination and I bet this is where somebody made a mistake. I'm also sure it will take some time and patience to get it sorted.
According to the official decision from the judge (https://noticias-stf-wp-prd.s3.sa-east-1.amazonaws.com/wp-co...), the value was deposited using a DJE (Documento para Depósitos Judiciais ou Extrajudiciais), not a GRU. The judge ordered the bank to transfer the value to the correct account.
(source for the official decision: https://noticias.stf.jus.br/postsnoticias/stf-determina-tran...)
I guess a good international translation would be "Twitter created an account they can't withdraw, and deposited the money there. The Brazilian Judiciary can say where the money goes to, but it was not sent to the government yet."