Elon Musk Buys Twitter

[Cosmic Janitor]

Twatter was in fact already profitable in recent years. It wasn't last year, because of a settlement/fine. So if mister "I don't need due dilligence, I can just manipulate the market as I please" had bought twitter at less than double the price, he could have gotten away with buying it and just letting it run with a few minor changes to boost his ego. The issue is, since he bought it for more than twice the fantasy money it's worth (mostly due to his big mouth) he had to borrow that money while also shifting as much of the burden on twitter itself . This results in twitter suddely having no chance of being profitable in the forseeable future, because their quarter billion profit got completely negated with the yearly one billion from the interest. No amount of (sensible) restructuring and new products was ever going to make it 4 times as profitable...

[Ausr]

Can Musk turn Twitter profitable? The answer is likely no.

Almost 90% of Twitter engineers with 3 years or more experience left without passing on their institutional knowledge to their replacement (What replacement?) Institutional knowledge is critical to day-to-day company operation. There is a reason companies paid extra for former employees to train their replacement.

Twitter's head of ad sales, Robin Wheeler, resigned when Musk took over. Cancelled her resignation when Musk begged her to stay. Then left for good. Primarily because her add team was dismantled. Add is the life blood of Twitter. No add, no money to run Twitter.

Twitter R&D department is gone. Very bad. From the beginning, Musk realized that the only way for Twitter to become profitable is to expand its services. No R&D, no expansion. The fact is that no social media platforms at Twitter user base level are profitable. Mark Zuckerberg understood this a long time ago. Hence, he kept expanding Facebook platforms. Facebook Marketplace market share is over 50% globally. It generated revenue of $28.15b third quarter of 2022 ($26B in third quarter 2021). Tiktok understand this also, and just opened Tiktop Shop portal for US customers.

I enjoy all the people saying "Ha, he cut 90% of the workforce. It's working fine!"

Same dipshits that probably think all industries work like that. Yeah, leave a nuclear power plant alone with like 5 people working there and I'm sure it'll work well.

[Rasulis]

Twitter Payroll, US Tax and Financial Reporting teams resigned. Accounting is at reduced size.

WTH!

[Twdft]

Twitter Payroll, US Tax and Financial Reporting teams resigned. Accounting is at reduced size.

WTH!

Well, no payroll team = not even extremely hardcore twatter 2.0 people get paid? Also wasn't much time to authorize severance packages for everyone else. What a shitshow.

[D Luniz]

Twitter Payroll, US Tax and Financial Reporting teams resigned. Accounting is at reduced size.

WTH!

guessing the people leaving with have to sue to get that 3 month severance at this rate

[Poopymonster]

guessing the people leaving with have to sue to get that 3 month severance at this rate

Bankruptcy, and the Saudis and Chinese will be first in line. Leaving the 3 month severance people fucked, and the employees working unpaid THEN fucked.
Severance people just get fucked first.

[VMSmith]

Looks like he decided to have Trump back on Twitter, that is if the buffoon is even interested given that he has his own version of Twitter to try and prop up.

[D Luniz]

Looks like he decided to have Trump back on Twitter, that is if the buffoon is even interested given that he has his own version of Twitter to try and prop up.

unless there is some contract that Trump cant weasel out of that will cost him his own money for bailing on "Truth" Social, the prodigal asshole will be back before midnight

[Belize]

Looks like he decided to have Trump back on Twitter, that is if the buffoon is even interested given that he has his own version of Twitter to try and prop up.

Twitter can't crash and burn fast enough if that's the case

[Sorshen]

He just wants to create drama, the money he spent is burning in a dumpster, so he's moving on to bigger shitposts to increase engagement.

[jonnysensible]

billionaires waving their impunity in the face of ordinary people

[Forogil]

Hm... Something else, using "Vox Populi, Vox Dei" to announce that you, the God, are following the result of a poll seems like a clear case of Hubris.

He just wants to create drama, the money he spent is burning in a dumpster, so he's moving on to bigger shitposts to increase engagement.

Added: That reminds me of some weird bad player behavior. After a small blunder some fight on, some resign, but the weird ones seem to deliberately make completely unnecessary big blunders and then resign.

[LilSaihah]

Well he formed a content moderation council, which was everyone who cared to vote.
And it was open to everyone, so it's diverse by default.

Seems like making a fuss about nothing; par for the course for Twitter.

[PACOX]

Owner of Twitter knows Twitter polls are BS.

Cites poll to reinstate one of the most notorious banned accounts on the platform. Not that it really matters. Its the fact that it triggers some people and he wants to trigger people. Theres nothing consistent about his take on moderation except that he is a hypocrite.


What it proves is how vulnerable these sites that so many people rely on actually are. Over the last couple of years we've seen how tweets can shape policy, cost people millions of dollars (or billions in the case of Musk), be a valuable (or misleading) source of information during ongoing events. Information is power, as is the flow of information, and its in the hands of a select flew egomaniacs. A good functioning government would begin to really assess how official counts are handled on these platforms and perhaps laws surrounding them. Intelligence and defense agencies are definitely going to draft new guidelines and draft new ones to its employees. Can only do so much when it comes to elected officials, for better or for worse.


Sad thing is that theres people saying something like this would happen for years. And while Musk gone full crazy, it shows us how easy a person or group with enough money can without much in the way to stop them before the damage is done.

[jonnysensible]

Owner of Twitter knows Twitter polls are BS.

Cites poll to reinstate one of the most notorious banned accounts on the platform. Not that it really matters. Its the fact that it triggers some people and he wants to trigger people. Theres nothing consistent about his take on moderation except that he is a hypocrite.

i mean he obviously made the decision to unban him weeks ago (it was in the discovery text messages). But Trump does feel like yesterdays news, trumpism has moved on without him (because trumpism is just what journos who dont want to trigger people by correctly describing it as fascism use as a safeword).

Its like the memes elon posts, weeks old

[tikcol]

Twitter is getting fun again

[Paranoid Android]

Owner of Twitter knows Twitter polls are BS.

This shows Elon is a piece of feces, but we know it is about content.



This shows besides his bs moderation committee he wanted to put his thumb on the scale here. Now I will say in my bias here that when the poll was something such as 51% to 38% in favor of Trump, there was no doubt it was bots and of course this poll was going to lean for Trump. We know what Musk and many on Twitter want this platform to become.

Of course in all honesty Elon was putting Trump back on. It's content for him and I will be fair here that Twitter kept Trump on cause he was driving the most traffic to the site. Twitter did greatly benefit from Trump and now 2.0 will too. As always I stated and posted that Musk is now right-wing pilled and this is what almost all people in his hear has told him he must reinstate.

[Belize]

Of course in all honesty Elon was putting Trump back on. It's content for him and I will be fair here that Twitter kept Trump on cause he was driving the most traffic to the site. Twitter did greatly benefit from Trump and now 2.0 will too. As always I stated and posted that Musk is now right-wing pilled and this is what almost all people in his hear has told him he must reinstate.

Content it might be, but it won't bring back advertisers.

[jonnysensible]

Content it might be, but it won't bring back advertisers.

doubt trump will bend the knee to elon anyway

[Nymrohd]

I've seen content creators who are backing up twitter content in other platforms