Elon Musk Buys Twitter

[Draco-Onis]

The part ppl ignore abt this purchase is the board is admitting to their uselessnes at delivering value to both the platform and shareholders. Incompetent fucks B)

So you don't know how money works?

[Rasulis]

It would be interesting to see if Musk can turn Twitter into a profitable venture. Twitter may be influential, but the business model sucks.

Twitter was established 2 years after Meta. Meta revenue for 2021 was 118B and Twitter was 5B.

Meta started being profitable around 2010 and has maintained close to 40% profit margin for more than a decade.

The only profitable quarters for Twitter were 2018 and 2019.

[Endus]

It would be interesting to see if Musk can turn Twitter into a profitable venture. Twitter may be influential, but the business model sucks.

Twitter was established 2 years after Meta. Meta revenue for 2021 was 118B and Twitter was 5B.

Meta started being profitable around 2010 and has maintained close to 40% profit margin for more than a decade.

The only profitable quarters for Twitter were 2018 and 2019.

Any company generating a profit is successful.

It's a binary state. You aren't "more successful" just because you make higher profits. That's a mantra that only works if the only consideration you use is exploiting the most profit out of your customer base as possible, not quality of product/service, not return to the communities you work with, not being a good corporate citizen, not maintaining a strong ethical stance, etc.

[Rasulis]

Any company generating a profit is successful.

It's a binary state. You aren't "more successful" just because you make higher profits. That's a mantra that only works if the only consideration you use is exploiting the most profit out of your customer base as possible, not quality of product/service, not return to the communities you work with, not being a good corporate citizen, not maintaining a strong ethical stance, etc.

To be clear, Twitter was only profitable for less than 2 years out of 14 years in business. It was not profitable in 2020, 2021, and 2022.

[Poopymonster]

To be clear, Twitter was only profitable for less than 2 years out of 14 years in business. It was not profitable in 2020, 2021, and 2022.

I can see him adding a cost/subscription with "benefits". Unlimited retweets. The algo will "promote" your tweets. Automatic obligatory #thoughtsandprayers when something happens without an app for it. "Celebrity" status gets it for free. Pay, er, donate X dollars to remove your ban. Make a fortune off that for those whose pronouns are REEEE/REEEE.

[uuuhname]

Honestly, I do think this is actually an attempt to sabotage Trump's own social media platform, Truthsocial, before it can get out of beta testing and go live... but we'll wait and see.

pfffft yeah, of course everything is an attempt to undermine the spray tanned emperor.. fucking lmao.

[Al Gorefiend]

The Twitter employees expressing fear and concerns over the removal of their various means of censorship tells me exactly why Elon wanted to purchase it and why he did.

He's right in his thought process, we cannot have a few hundred individuals deciding what goes and what doesn't in a democracy.

It's like the moderators of MMO-C being outraged they can't infract people anymore for an opinion they don't like. Get over it, you guys aren't the police of free speech. Crazy too, the mods of OT act very progressive and inclusive, but post a bare nipple and they go insane

[Edge-]

He's right in his thought process, we cannot have a few hundred individuals deciding what goes and what doesn't in a democracy.

Good news! We don't.

We have individuals creating rules for users who want to use a free private platform. The rules have nothing to do with how democracies are run around the world, and if anything their efforts to combat intentional misinformation are a boon to free democracies.

But I can see why a great many authoritarians and "totes not authoritarians" are greeting this news with great excitement.

It's like the moderators of MMO-C being outraged they can't infract people anymore for an opinion they don't like.

This likely literally only exists in your head, bro.

[Rasulis]

I can see him adding a cost/subscription with "benefits". Unlimited retweets. The algo will "promote" your tweets. Automatic obligatory #thoughtsandprayers when something happens without an app for it. "Celebrity" status gets it for free. Pay, er, donate X dollars to remove your ban. Make a fortune off that for those whose pronouns are REEEE/REEEE.

Maybe. He is also assuming Twitter's debt which is pretty high for a tech company that does not make anything. Twitter's credit rating of BB- is not stellar to start with. Strangely enough, FB has no S&P credit rating because it has no debt. His takeover added another 13B to Twitter's debt. So that BB- will probably get downgraded making it harder to borrow capital.

[Draco-Onis]

It would be interesting to see if Musk can turn Twitter into a profitable venture. Twitter may be influential, but the business model sucks.

Twitter was established 2 years after Meta. Meta revenue for 2021 was 118B and Twitter was 5B.

Meta started being profitable around 2010 and has maintained close to 40% profit margin for more than a decade.

The only profitable quarters for Twitter were 2018 and 2019.

Actually we won't see because the company is going private so the only information about their success from now on will be from Musk a compulsive liar. He's also said he doesn't care about making money with twitter which goes to the whole liar thing.

[Al Gorefiend]

Good news! We don't.

We have individuals creating rules for users who want to use a free private platform. The rules have nothing to do with how democracies are run around the world, and if anything their efforts to combat intentional misinformation are a boon to free democracies.

But I can see why a great many authoritarians and "totes not authoritarians" are greeting this news with great excitement.



This likely literally only exists in your head, bro.

What makes you think Musk is going to enact sudden company policies that declare intentionally misinforming news is allowed on Twitter now? Whatever automated systems and individual Twitter moderators the company uses will still most likely exist. Musk cited his distaste in Twitter came from the censorship of certain voices that dissented against a majority opinion regarding social issues like anti-vax and far right conservatism. You can agree those are shitty opinions and you have the right to ignore those posts and move along, but they were given the platform to express those opinions alongside everyone else.

[Rasulis]

Actually we won't see because the company is going private so the only information about their success from now on will be from Musk a compulsive liar. He's also said he doesn't care about making money with twitter which goes to the whole liar thing.

I still think he is crazy. In combination with Twitter's existing debt, he just assumed around 56 - 58B debt for a company with net revenue of negative 2.5B in 2021.

[Edge-]

What makes you think Musk is going to enact sudden company policies that declare intentionally misinforming news is allowed on Twitter now?

...literally everything he's said about "ending censorship" and making it a "freeze peach" platform?

Musk cited his distaste in Twitter came from the censorship of certain voices that dissented against a majority opinion regarding social issues like anti-vax and far right conservatism.

Which were largely trafficking in...misinformation and hate-speech in violation of Twitter's rules. Rules that are apparently going to be changing in pursuit of his "freeze peach" platform goals.

but they were given the platform to express those opinions alongside everyone else.

Actually, no, they weren't. Those were explicitly forbidden by the ToS that users agreed to when signing up to use the free service. That they cried a lot because they were removed for violating rules they voluntarily agreed to is a very big "they're just mad their diapers are filled with their own shit" problem.

[Grapemask]

Re: that guy earlier in the thread, EU warns Elon Musk over Twitter moderation plans

Thierry Breton, the EU’s commissioner for the internal market, told the Financial Times that Elon Musk must follow rules on moderating illegal and harmful content online after Twitter accepted the billionaire’s $44 billion takeover offer.

Yes, it turns out even Europe understands what freedom of speech actually is.

[Al Gorefiend]

...literally everything he's said about "ending censorship" and making it a "freeze peach" platform?



Which were largely trafficking in...misinformation and hate-speech in violation of Twitter's rules. Rules that are apparently going to be changing in pursuit of his "freeze peach" platform goals.



Actually, no, they weren't. Those were explicitly forbidden by the ToS that users agreed to when signing up to use the free service. That they cried a lot because they were removed for violating rules they voluntarily agreed to is a very big "they're just mad their diapers are filled with their own shit" problem.

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Literally not a single one of these rules are going to change

[uuuhname]

Literally not a single one of these rules are going to change

so what is it, are they changing the rules to how moderation works, or not?

[Edge-]

Literally not a single one of these rules are going to change

So what is changing then? Because those are the current rules, and none of the "political rules" ya'll complain about actually exist.

[uuuhname]

Do you often bring forth conservatives when replying to someone who stated "Outside of the USA"? Because that's hilarious, my dude.

and I can list all of the Fox News hosts that Russian state media thinks are the greatest allies to Russia in their continued war/genocide in Ukraine. what's hilarious here is how ignorant you seem to be on the subject. as if conservatism is a purely American thing....

[Specialka]

and I can list all of the Fox News hosts that Russian state media thinks are the greatest allies to Russia in their continued war/genocide in Ukraine. what's hilarious here is how ignorant you seem to be on the subject. as if conservatism is a purely American thing....

US conservatism is sure unique to USA.

[uuuhname]

US conservatism is sure unique to USA.

no, it's not. it really is not, they're just narcissistic enough to think they're unique. but go point for point issue by issue, and they're literally all the same in how they view the world.