Elon Musk Buys Twitter

[cubby]

Breaking News: X, the company owned by Elon Musk, filed a lawsuit against a coalition of major advertisers, claiming that it coordinated to dissuade brands from spending money on the platform.

Cry more.

What a frivolous lawsuit. I'm glad Elon is getting desperate in trying to claim an advertiser conspiracy. I hope one of these companies get medieval on his ass and starts going doing the rabbit hole of Elon pumping white supremacy and hate on platform. I hope one of these companies go deeeep on discovery here on what Elon has been pumping.

What a bullshit lawsuit. He's going to argue collusion (which it is, but not illegally so) and anti-trust, which is the opposite of what happened. There is nothing wrong with companies coming together to boycott another company. It just doesn't usually happen, or, at least, happen so publicly.

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That doesn't sound like it's against the law.

It's not. And the companies will argue free speech.

[Benggaul]

I imagine advertisers are just lining up to peddle on Twitter now that he's suing advertisers...

[Edge-]

It's not. And the companies will argue free speech.

Honestly I hope they send their legal interns to this one because that's about the level of seriousness this should be given. And even then that's arguably still treating it too seriously.

[Doctor Amadeus]

Well so far from what I understand about Twitter so far.

X switch over has been an almost complete failure because people wont stop calling it twitter ironically.

Twitter was losing money, how Twitter seems every bit as active as it was when Elon bought it.

I am not aware of how they are doing right now financially

Twitter seems to be trying to grow their platform by having content like Tucker Carlson, Jim Rome and WWE.


It looks like Twitter cash problems are alright for now provided Elon still has enough money to throw down it's blackhole


All in all if Twitter stopped the bleeding and Elon can keep everything even and build he might be able to turn it around.


I think the real question is how will it do in the face of increasing competition from platforms like Tiktok which still seems to be growing.

[draynay]

Thanks for the poor effort in summarizing a 300 page thread, it's what we really needed.

[Ausr]

I guess telling advertisers to fuck off didn't turn out well.

[unfilteredJW]

Thanks for the poor effort in summarizing a 300 page thread, it's what we really needed.

Some people are just absolutely desperate for relevancy.

[Edge-]

Some people are just absolutely desperate for relevancy.

!!

Concerning.

Exactly.



Extremely concerning.

Insane.

[Belize]

!!

Concerning.

Exactly.



Extremely concerning.

Insane.

You forgot:

*Insert country here*
Civil war soon is inevitable

[DarkTZeratul]

X switch over has been an almost complete failure because people wont stop calling it twitter ironically.

It's not even ironically. "Twitter" is brand name with years of history. Everyone has spent years calling it Twitter. "X" means nothing, so people continue to call it what it's always been called and what everyone knows it as.

Twitter was losing money, how Twitter seems every bit as active as it was when Elon bought it.

"Losing money" and "every bit as active" are measuring two entirely different things, but for the record they're losing even more money now and their activity is actually significantly lower than when Elon bought it.

I am not aware of how they are doing right now financially

As of I think six months ago, their share price was down something like 60% from what Musk paid for it. So... Bad. They are doing financially bad.

It looks like Twitter cash problems are alright for now provided Elon still has enough money to throw down it's blackhole

You can't say a company's cash problems are "alright for now" if it depends on the billionaire owner shoveling his own money into it to keep it afloat. That is, by definition, an extremely poor cash flow situation.

[Strange One]

You forgot:

*Insert country here*
Civil war soon is inevitable

Followed by:

Why is everyone so mean to me?
Believe my obvious falsehoods or you're bullying me!

[PACOX]

So Trump got his ass handed to him at that journalist conference so he doing a bottom of the barrel press tour. Amazing.

[Doctor Amadeus]

It's not even ironically. "Twitter" is brand name with years of history. Everyone has spent years calling it Twitter. "X" means nothing, so people continue to call it what it's always been called and what everyone knows it as.

"Losing money" and "every bit as active" are measuring two entirely different things, but for the record they're losing even more money now and their activity is actually significantly lower than when Elon bought it.

As of I think six months ago, their share price was down something like 60% from what Musk paid for it. So... Bad. They are doing financially bad.

You can't say a company's cash problems are "alright for now" if it depends on the billionaire owner shoveling his own money into it to keep it afloat. That is, by definition, an extremely poor cash flow situation.

Will be interesting to see going forward, but I think as long as those that love him and hate him keep using Twitter and he’s the Richest man in the world with the ability to throw money at Twitter until it works. I think it’s going to require something more popular to take it down.

[DarkTZeratul]

Will be interesting to see going forward, but I think as long as those that love him and hate him keep using Twitter and he’s the Richest man in the world with the ability to throw money at Twitter until it works. I think it’s going to require something more popular to take it down.

Sure, odds are heavily against it completely collapsing, but it's already a shadow of what it once was and it's unlikely to ever get back to that point.

[Doctor Amadeus]

Sure, odds are heavily against it completely collapsing, but it's already a shadow of what it once was and it's unlikely to ever get back to that point.

Honestly I was thinking it would have collapsed by now. I hate Musk but he’s definitely determined.

[Rasulis]

Will be interesting to see going forward, but I think as long as those that love him and hate him keep using Twitter and he’s the Richest man in the world with the ability to throw money at Twitter until it works. I think it’s going to require something more popular to take it down.

That something is called Threads/Instagram/Facebook/Whatsapp (i.e. Meta). Meta's 2nd quarter 2024 revenue report. Summary down below.



Musk should have stayed out of the social media business.

[Jessicka]

What a frivolous lawsuit. I'm glad Elon is getting desperate in trying to claim an advertiser conspiracy. I hope one of these companies get medieval on his ass and starts going doing the rabbit hole of Elon pumping white supremacy and hate on platform. I hope one of these companies go deeeep on discovery here on what Elon has been pumping.

It won’t be the white supremacy or domestic terror conspiracy that gets Musk, it’ll be something stupid that he’ll be less careful about. And when it does everyone will see him for the mid life crisis divorced dad he is.

He’s trying to take on Starmer in a Twitter spat now, I can’t think of a better way to get forensic accountants and all of the other auditors crawling through your shit.

[Sorshen]

They're so fucking bad at this...

[DarkTZeratul]

Honestly I was thinking it would have collapsed by now. I hate Musk but he’s definitely determined.

Has nothing to do with Musk. All you really need is a few decent programmers to keep things from collapsing entirely. But all that means it's a slow, grinding descent into obsolescence instead as it bleeds users, advertisers, cash, reputation, and general goodwill.

[Nymrohd]

I just wish progressive people would leave X or at least deprioritize it.