Elon Musk Buys Twitter

[Cthulhu 2020]

Twitter wasnt going anywhere as is. He impulsively bought a failing company

Twitter was balanced on a knife's edge, but the owners were keeping it running and even earning a profit some years. Musk being a dangerous brand to put your advertising on is what pushed it off the edge of that knife.

But if you think "Pulling a profit every single year" is the only metric for success, I feel sorry for you as well. Twitter is insanely popular in most developed nations of the world. At least, it was.

The only thing killing it now is Musk, pure and simple.

[Edge-]

https://thehill.com/policy/technolog...musks-shakeup/

And there goes Twitter's French operations.

[Belize]

https://thehill.com/policy/technolog...musks-shakeup/

And there goes Twitter's French operations.

"Twitter did not respond to requests for comments". No shit, probably because there's no one left to manage the inbox...

Anyways, with how stringent Europe's online rules are, operating there is gonna be essentially impossible. GDPR compliance is a must, and it's doubtful Twitter will be able to keep up.

[Rasulis]

"Twitter did not respond to requests for comments". No shit, probably because there's no one left to manage the inbox...

Anyways, with how stringent Europe's online rules are, operating there is gonna be essentially impossible. GDPR compliance is a must, and it's doubtful Twitter will be able to keep up.

Twitter needs EU & the rest of world. Can't survive on US users only. Data from Q2 2022.

Twitter has around 450 million monthly active users as of 2022.
Twitter has 237.8 million monetizable daily active users (mDAU) as of Q2 2022.
Twitter has 41.5 million monetizable daily active users in the United States.

[Cthulhu 2020]

There's no name attached with this, so take it with a tiny grain of salt, but it sounds legit:




Musk will continue to blame "Activists" while his Twitter is unsafe for brands along with just not having anyone to contact in regards to keeping ads going.

[Draco-Onis]

Twitter needs EU & the rest of world. Can't survive on US users only. Data from Q2 2022.

Twitter stayed away from those markets because they have a hard time with the regulations, it's doubtful they can now with the severely atrophied staff.

[Low Hanging Fruit]

I mean... I think a dead Twitter is a better Twitter and I would have said that before Elon but now I actively hope it happens.

[Rasulis]

Twitter stayed away from those markets because they have a hard time with the regulations, it's doubtful they can now with the severely atrophied staff.

Musk may not want to deal with EU. However, if he wants Twitter to be profitable, he needs EU.

Twitter 2021 revenue was $5b. Of which, US was $2.8b and the rest of the world $2.2b.

To illustrate the importance of EU, Facebook is the largest and most profitable social media company in the world with a revenue of $117.92b in 2021. Here is a breakdown of their revenue by regions.

US & Canada - $51.5b
EU - $29b
Asia-Pacific - $26.7b
Rest of the world - $10.5b

In fact, in the last 2 years, Facebook EU and Asia-Pacific revenues have been growing faster than North America. Also, Musk needs India also. It is the second biggest market in the world after China. All Twitter’s Indian employees have been laid off. There is a big stink there. Because, unlike their US counterparts, Twitter Indian employees are not getting 3 months' severance.

Musk antics have increased Twitter's mDAU as per his claim. However, he never said anything about revenue per mDAU. Likely it is way down.

- - - Updated - - -

Additional notes on Robin Wheeler, Twitter Ad exec, firing.

Elon Musk fired Twitter's head of sales after she refused to sack more employees. He had previously begged her not to resign.

Long story short. She resigned when Musk took over. Musk begged her not to resign. She unresigned. She refused to cut the headcount of Twitter's ad sales team that was already depleted. He fired her.

[Edge-]

Additional notes on Robin Wheeler, Twitter Ad exec, firing.

Elon Musk fired Twitter's head of sales after she refused to sack more employees. He had previously begged her not to resign.

Long story short. She resigned when Musk took over. Musk begged her not to resign. She unresigned. She refused to cut the headcount of Twitter's ad sales team that was already depleted. He fired her.

Oh boy, I'm sure that'll be comforting to the remaining companies buying ads who are trying to find out who the fuck their current account manager even is anymore as all their emails just get bouncebacks.

If I didn't know better I'd think Elon is intentionally trying to tank the company.

[Rasulis]

Oh boy, I'm sure that'll be comforting to the remaining companies buying ads who are trying to find out who the fuck their current account manager even is anymore as all their emails just get bouncebacks.

If I didn't know better I'd think Elon is intentionally trying to tank the company.

Before she became Twitter Ad head exec, she brought in Coca-Cola, Microsoft and Google. That was why she was promoted. So, she knows what she is doing.

[Edge-]

Before she became Twitter Ad head exec, she brought in Coca-Cola, Microsoft and Google. That was why she was promoted. So, she knows what she is doing.

God damn, a well deserved promotion (or series of them), and I doubt she's going to have much difficulty finding gainful employment given her apparent talents. Elon's loss is another companies gain, companies do remember good people they've worked with and often look for opportunities to work with them again.

[Draco-Onis]

Musk may not want to deal with EU. However, if he wants Twitter to be profitable, he needs EU.

Twitter 2021 revenue was $5b. Of which, US was $2.8b and the rest of the world $2.2b.

To illustrate the importance of EU, Facebook is the largest and most profitable social media company in the world with a revenue of $117.92b in 2021. Here is a breakdown of their revenue by regions.

US & Canada - $51.5b
EU - $29b
Asia-Pacific - $26.7b
Rest of the world - $10.5b

In fact, in the last 2 years, Facebook EU and Asia-Pacific revenues have been growing faster than North America. Also, Musk needs India also. It is the second biggest market in the world after China. All Twitter’s Indian employees have been laid off. There is a big stink there. Because, unlike their US counterparts, Twitter Indian employees are not getting 3 months' severance.

Musk antics have increased Twitter's mDAU as per his claim. However, he never said anything about revenue per mDAU. Likely it is way down.

Twitter US is on life support expansions at this point are not imaginable unless he does a 180 and starts hiring like crazy. The stuff going with twitter in the US would have gotten him shut down in the EU and other regions.

[D Luniz]

Twitter US is on life support expansions at this point are not imaginable unless he does a 180 and starts hiring like crazy. The stuff going with twitter in the US would have gotten him shut down in the EU and other regions.

not sure he COULD hire like crazy

no one capable is going to willfully step into that shitshow

and as how he did his now ex- head of ads. Anyone considering coming in thinking they'll be given a goal and the latitude to do it just got shown that wont be the case.

[Poopymonster]

Twitter US is on life support expansions at this point are not imaginable unless he does a 180 and starts hiring like crazy. The stuff going with twitter in the US would have gotten him shut down in the EU and other regions.

How much do you care to bet that the people offered "their jobs" back lose all seniority and such?

[Edge-]

https://twitter.com/elonmusk/status/1595196519598080000

Rofl, and Elon is simping in the comments section of pardoned felon Dinesh D'Souza, too.

Elon is truly the most basic, vanilla of right-ring reactionaries now. He did something stupid and there are consequences? Not his fault, it's "leftists"!

And what for nothing, Tesla stock is now worth just over half as much as it was worth in mid-April when Elon "offered" to buy Twitter.

Truly, the man remains an entrepreneurial genius.

[Rasulis]

How much do you care to bet that the people offered "their jobs" back lose all seniority and such?

Assuming they want to come back. There are tons of tech job openings out there. Around 6,000 tech and biotech jobs were cut in the Bay Area. However, San Francisco has 10,247 tech job postings. San Jose has 7,527 tech job postings. Lots of new startups. Lots of startups looking for talents.

[Jaransan]

no one capable is going to willfully step into that shitshow

In fairness, I would have thought that about being Donald Trumps Lawyer - and yet they keep working for him.

[Cosmic Janitor]

In fairness, I would have thought that about being Donald Trumps Lawyer - and yet they keep working for him.

I think IT attracts different people than law, where I'm not even sure if they qualify as such. There will still be people like his fanboys that want to work there or people that just have to because of their visa and shit like that.

Btw, around German news sites the number that is floated for current Twatter employees is 2k still.

[Rasulis]

Before offering to do the internship, Hotz asked how people on Twitter feel about "the quality of Twitter search," and what it would take for people to ditch Google for searching on Twitter.

Austen Allred, co-founder and CEO of BloomTech, replied to Hotz saying Twitter's search "really sucks," and is "basically exact match."

Hotz replied that it was "true" and that he "Will look into if there's some easy way to improve this."

Hotz seemingly confirmed his internship at Twitter by replying, "that's what Elon told me my job was, and I will try my hardest to do it. I have 12 weeks."

I don't use Twitter, and all of these are foreign to me. So, to search for a subject/post on Twitter, instead of using Twitter's internal search engine, Twitter users prefer to use Google?

[jonnysensible]

so does SBF own a chunk of twitter or what?