1. #4641
    Quote Originally Posted by Rasulis View Post
    I think Twitter is in trouble.
    Twitter was in trouble in October. By now it's gone straight through trouble into "Oh fuck where are the parachutes? What do you mean what parachutes?!" territory.

  2. #4642
    Over 9000! ringpriest's Avatar
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    Lone Skum is now suing the legal firm that forced him to honor his offer to buy Twitter,

    According to documents submitted with Friday’s lawsuit, Twitter’s board and executives approved the $90 million payment because Wachtell Lipton and one of its lawyers, William Savitt, had succeeded in making Mr. Musk abide by his agreement to buy the company.

    By approving the payment, Twitter’s former executives and board breached their fiduciary duty, the lawsuit said. Twitter’s board rushed to close the deal with Mr. Musk and did not act “prudently” or “on an informed basis,” the lawsuit said.

    Wachtell Lipton was wired the bulk of the $90 million fee a mere 10 minutes before the deal closed in October, the lawsuit said. Within minutes of Wachtell Lipton’s receiving that transfer, Mr. Musk fired some of Twitter’s top executives, including its chief legal officer and general counsel, according to the suit.
    "For the present this country is headed in directions which can only carry ruin to it and will create a situation here dangerous to world peace. With few exceptions, the men who are running this Government are of a mentality that you and I cannot understand. Some of them are psychopathic cases and would ordinarily be receiving treatment somewhere. Others are exalted and in a frame of mind that knows no reason."
    - U.S. Ambassador to Germany, George Messersmith, June 1933

  3. #4643
    rofl, dude doesn't pay his fuckin rent and then wants to sue to claw back absolutely legal payments

    how fuckin bad are their books looking right now? or is this just musk being bored and finding another petty vendetta to pursue

    10/10 stuff, this is exactly the kind of behavior that continues to assure big dollar advertisers that Twitter is a stable, brand-safe platform to spend their money on and that it is operated by predictable, sensible leadership who don't take needless risks.

  4. #4644
    Quote Originally Posted by ringpriest View Post
    So wait, Elon Musk is suing because he thinks Twitter should have stopped him from buying them? Am I reading that right?

  5. #4645
    The Undying Cthulhu 2020's Avatar
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    Looks like casual art/meme/shitpost will migrate over to threads, while Twitter will become a hotbed of political culture wars. i.e. the only person interested are conservatives and Elon sycophants who think liberalism is destroying the world. They'll feed their own doom and gloom feelings about the direction of the country, and many will probably go on to be violent insurrectionists and school shooters once they've doom and gloomed enough.

    Overall the country (USA) and world are relatively "fine". I realize that's a short word for the state of the world, but there's not some apocalypse coming because of the "liberal agenda" like so many conservatives want to tell themselves.
    “Terrible things are happening outside. Poor helpless people are being dragged out of their homes. Families are torn apart. Men, women, and children are separated. Children come home from school to find that their parents have disappeared.”
    Diary of Anne Frank
    January 13, 1943

  6. #4646
    Old God Kathranis's Avatar
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    Quote Originally Posted by Cthulhu 2020 View Post
    Sadly, Threads isn't off to a great start, as its information gathering side tends to be illegal in a lot of euro countries, thus limiting downloads of the app. Maybe if it had more worldwide reach, it'd be off to a stronger start, but hey at least it's siphoning some people off of twitter.
    People don't seem to realize that Twitter isn't actually that ubiquitous. It has about 300m MAUs while Instagram, which Threads is essentially a module of, has over 2b MAUs. Tiktok has about 1b. Reddit has 1.6b. YouTube has about 2.4b. Facebook has about 3b.

    Twitter has not captured nearly as large of an audience as you might think, given how much attention it's given.

    - - - Updated - - -

    Quote Originally Posted by Cthulhu 2020 View Post
    Looks like casual art/meme/shitpost will migrate over to threads, while Twitter will become a hotbed of political culture wars.
    So Threads becomes the new Twitter and Twitter becomes the new Parler.

    Parler Shut Down by New Owner: ‘A Twitter Clone’ for Conservatives Is Not a ‘Viable Business’

    Brilliant business strategies Elon is coming up with.
    Last edited by Kathranis; 2023-07-08 at 08:48 AM.

  7. #4647
    Immortal Poopymonster's Avatar
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    Quote Originally Posted by Kathranis View Post
    People don't seem to realize that Twitter isn't actually that ubiquitous. It has about 300m MAUs while Instagram, which Threads is essentially a module of, has over 2b MAUs. Tiktok has about 1b. Reddit has 1.6b. YouTube has about 2.4b. Facebook has about 3b.

    Twitter has not captured nearly as large of an audience as you might think, given how much attention its given.
    Twitter was king of the hill for a while in its niche. Any number it did was The Largest.
    Now it's trying to pass off poop emojis are propane accessories.
    Quote Originally Posted by Crissi View Post
    Quit using other posters as levels of crazy. That is not ok


    If you look, you can see the straw man walking a red herring up a slippery slope coming to join this conversation.

  8. #4648
    Quote Originally Posted by Kathranis View Post
    People don't seem to realize that Twitter isn't actually that ubiquitous. It has about 300m MAUs while Instagram, which Threads is essentially a module of, has over 2b MAUs. Tiktok has about 1b. Reddit has 1.6b. YouTube has about 2.4b. Facebook has about 3b.

    Twitter has not captured nearly as large of an audience as you might think, given how much attention it's given.
    Most of the people I know IRL are 'internet normies', so to speak. They don't use the internet for point scoring or discussing nerd shit. They have Facebook and Instagram and all they do is post pics of their holidays and family gatherings and make the occasional remark on a news story. The younger ones do Tiktok. None of them use Twitter AFAIK because the general impression is it's a place where political extremes go to argue with each other.

  9. #4649
    "Elon Musk’s Tesla has joined Chinese automakers in pledging to enhance 'core socialist values' and compete fairly in the country’s car market after Beijing directed the industry to rein in a months-long price war."
    https://twitter.com/daveweigel/statu...vaeSFeXUQ&s=19

    A socialist you say? I'm for this, good for you Elon.

    Now the story is Musk and other car manufacturers were squeezing out smaller companies with unfair business practices (cough capitalism).

    Now the right wingers are going willd with Elon's embrace of socialist and China. Not the champion they think he is when it comes to making money.

    Now as far as the socialism aspect it is pure bs. Even China here is taking a Big bite out of capitalism.
    "Buh dah DEMS"

  10. #4650
    The Lightbringer D Luniz's Avatar
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    Quote Originally Posted by Edge- View Post
    rofl, dude doesn't pay his fuckin rent and then wants to sue to claw back absolutely legal payments

    how fuckin bad are their books looking right now? or is this just musk being bored and finding another petty vendetta to pursue

    10/10 stuff, this is exactly the kind of behavior that continues to assure big dollar advertisers that Twitter is a stable, brand-safe platform to spend their money on and that it is operated by predictable, sensible leadership who don't take needless risks.
    Maybe he found some shady lawyers that are telling him he can nullify the deal by claiming some sort of fraud occurred but he has to raise a stink with the firm first.

    Seems to be a thing lately with rich assholes that surround themselves with bootlicks.
    "Law and Order", lots of places have had that, Russia, North Korea, Saddam's Iraq.
    Laws can be made to enforce order of cruelty and brutality.
    Equality and Justice, that is how you have peace and a society that benefits all.

  11. #4651
    The Lightbringer
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    Quote Originally Posted by Cthulhu 2020 View Post
    Looks like casual art/meme/shitpost will migrate over to threads, while Twitter will become a hotbed of political culture wars. i.e. the only person interested are conservatives and Elon sycophants who think liberalism is destroying the world. They'll feed their own doom and gloom feelings about the direction of the country, and many will probably go on to be violent insurrectionists and school shooters once they've doom and gloomed enough.

    Overall the country (USA) and world are relatively "fine". I realize that's a short word for the state of the world, but there's not some apocalypse coming because of the "liberal agenda" like so many conservatives want to tell themselves.
    So, as I've understood it based on imported rules from Instagram NSFW artists of all stripes are annoyed at Threads. As the largest reason they are big on twitter is that the bird didn't care about that more than sensitivity filters and age gates etc
    - Lars

  12. #4652
    Void Lord Breccia's Avatar
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    Quote Originally Posted by ringpriest View Post
    Lone Skum is now suing the legal firm that forced him to honor his offer to buy Twitter
    Man, I can't wait to see the sort of people filling out their job application after this one.

    "It says here your previous job was representing Elon Musk? That's quite a haul. Which case did you take?"
    "There was that time he signed a contract in public and bragged about it for months, then tried to back out of it."
    "Oh...well, at least you kept him from facing any additional consequences from his actions."
    "Um, no...he sued those lawyers, the ones that stopped him from breaking the contract before he got in worse trouble. I, erm, sued those lawyers because Musk thinks...lawyers...shouldn't be paid."
    "...well, we'll call you. Would you mind turning on the shredder on the way out?"

    Also, Wachtell Lipton took a job from a Trump-wannabe, from their client's point of view lost the case, and actually got paid. I hope other lawyers, especially those in Florida, are taking notes. Musk proves by the week he's a whiny little bitch, but he still pays his lawyers.

    ...kinda.

  13. #4653
    The Lightbringer
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    Quote Originally Posted by Kathranis View Post
    People don't seem to realize that Twitter isn't actually that ubiquitous. It has about 300m MAUs while Instagram, which Threads is essentially a module of, has over 2b MAUs. Tiktok has about 1b. Reddit has 1.6b. YouTube has about 2.4b. Facebook has about 3b.

    Twitter has not captured nearly as large of an audience as you might think, given how much attention it's given.
    So, twitter probably has a lot of non-account traffic. More compared to most other SM.

    For ages I didn't have a twitter account, yet I had 3-5 twitter accounts as bookmarks and checked them at least once a week for various updates.
    - Lars

  14. #4654
    Over 9000! ringpriest's Avatar
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    Quote Originally Posted by DarkTZeratul View Post
    So wait, Elon Musk is suing because he thinks Twitter should have stopped him from buying them? Am I reading that right?
    Technically, he's suing because he's arguing that paying Wachtell Lipton (the law firm that successfully forced Musk to honor the offer he'd made to Twitter) both its fees and a hefty last-minute bonus (if Wachtell Lipton managed to make Musk pay up) was irresponsible action by Twitter's former management team (whom Musk immediately fired after the deal closed), and that the bonus itself was illegitimate.

    In reality, he's suing because he planned to stiff Wachtell Lipton as payback for making him buy Twitter at the price he'd offered to (he did successfully stiff some of the smaller players), but Wachtell Lipton and the former Twitter C-levels outmaneuvered him, and now he's all butt-hurt over it (and could probably really use the $90 million).
    Last edited by ringpriest; 2023-07-08 at 01:52 PM.
    "For the present this country is headed in directions which can only carry ruin to it and will create a situation here dangerous to world peace. With few exceptions, the men who are running this Government are of a mentality that you and I cannot understand. Some of them are psychopathic cases and would ordinarily be receiving treatment somewhere. Others are exalted and in a frame of mind that knows no reason."
    - U.S. Ambassador to Germany, George Messersmith, June 1933

  15. #4655
    Quote Originally Posted by Muzjhath View Post
    So, twitter probably has a lot of non-account traffic. More compared to most other SM.

    For ages I didn't have a twitter account, yet I had 3-5 twitter accounts as bookmarks and checked them at least once a week for various updates.
    I recall reading that the number of active users on Twitter, as of May 2023, has gone down to around 230M from a peak of just under 400M. No wonder their ad revenue kept going down.

    - - - Updated - - -

    Quote Originally Posted by DarkTZeratul View Post
    So wait, Elon Musk is suing because he thinks Twitter should have stopped him from buying them? Am I reading that right?
    Twitter old board hired a law firm to force Musk to honor his bid to buy twitter. The fee was 16M (time and materials) + 84.3M agreed upon success bonus. The old board figured what the heck, "not my money." The fee was paid before the takeover was completed. Now Musk wants the money back.

    Yep. Totally bizarre.

  16. #4656
    Epic! Karreck's Avatar
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    Quote Originally Posted by Edge- View Post
    how fuckin bad are their books looking right now?
    I am betting there are some massive levels of creative accounting going on.
    Princesses can kill knights to rescue dragons.

  17. #4657

  18. #4658
    Merely a Setback PACOX's Avatar
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  19. #4659
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    Quote Originally Posted by Flarelaine View Post
    How about his dick measuring contest?
    Monday September 4th, 2023.
    That's Labor Day in the US.
    YOU can watch Musk VS Zuck. LIVE!
    $69.99 for this MULTI-HOUR EXTRAVAGANZA!
    WATCH the prematch prep.
    TRAVEL WITH THEM, virtually, to the fight location.
    SEE how they focus as they get ready to RUMBLE!
    2 men in the BATTLE OF THEIR LIVES!
    Stay tuned for the post match interviews if feasable.
    Event and location sponsored by Oceangate.
    Quote Originally Posted by Crissi View Post
    Quit using other posters as levels of crazy. That is not ok


    If you look, you can see the straw man walking a red herring up a slippery slope coming to join this conversation.

  20. #4660
    Old God Kathranis's Avatar
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    I want to watch Zuck ground and pound Elon's face into paste. It's a real shame he's too much of a pussy to actually step into the ring.

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