Elon Musk Buys Twitter

[s_bushido]

never been an easier time to scam

Well, they apparently disabled sign-ups for the $8 """verification.""" Damage is probably already done, though. No one's really going to be putting much trust in Musk's $44 billion [insert actual value] social media company anymore.

[Cthulhu 2020]

There's a new joke circulating on Twitter.

"How do you make $8 billion?

Start with $44 billion."

Or an alternative version,

"How do you make a small fortune?

Start with a large fortune."




Twitter is now only valued at $8 billion. Unless Musk's only objective was to break up Twitter and write it off on his taxes for the rest of his life, he's a giant loser in this entire affair by every metric.

[Jtbrig7390]

Kanye West To Elon Musk: Let me show you how to lose 2 billion dollars in a day.

Elon see's that as a challenge and says, Kanye let me show you how to lose 44 billion within a month.

[Edge-]

There's a new joke circulating on Twitter.

"How do you make $8 billion?

Start with $44 billion."

Or an alternative version,

"How do you make a small fortune?

Start with a large fortune."




Twitter is now only valued at $8 billion. Unless Musk's only objective was to break up Twitter and write it off on his taxes for the rest of his life, he's a giant loser in this entire affair by every metric.

I'm just waiting for him to brankrupt the company and then turn around saying, "Well you see, actually, I purchased Twitter with the express intent of ending its censorship by bankrupting it. This was all in the name of Freeze Peach, you see. By removing a speech limiting platform, I have removed an impediment to Freeze Peach. This is important for the future of humanity, and it was actually a very smart idea."

[Cthulhu 2020]

Man, Twitter crashing and burning, along with impersonation-gate, has completely overshadowed the whole crypto FTX collapse situation.

Short story: Second biggest crypto marketplace just lost all their money and tanked a couple of coins.

https://twitter.com/JG_Nuke/status/1591070331988774913

[Evil Midnight Bomber]

New favourite knock knock joke

[Cthulhu 2020]

Man I take it all back, Twitter's better than ever now. Thanks Musk!

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Just some of the creativity of people making the best of this.

[XDurionX]

Guess Kathy has the upper hand again (9:00 onwards). Elon's not wealthy enough anymore to buy a tv station.

[jonnysensible]

still cant really work out what this is, his severe daddy issues or his brain melted because hangers on tell him hes special + ego.

He absolutely didnt want to buy twitter and was just trolling thats for sure.

[Breccia]

Hate speech surged on Twitter during first week under Musk’s ownership

Social media analytics tool Brandwatch documented that during the week of Oct. 31, the social media platform saw significantly higher numbers of slurs referring to people in the Black, Jewish and LGBT communities, among others.

Uses of a slur to describe Black people tripled the 2022 average on the platform during the first week of Musk’s leadership.

A slur describing transgender people increased by 53 percent, a slur to describe gay people increased by 39 percent and a slur to describe Jewish people increased by 23 percent compared to their 2022 averages on the platform.

Together, the four offensive terms were used nearly 85,000 times, not counting additional slurs counted by Brandwatch that referred to women and Latinos.

Yoel Roth, Twitter’s former head of trust and safety, said the company had “reduced impressions” on hateful content as of Wednesday.

“Update on our efforts to combat hateful conduct: We’ve not only mitigated the recent surge in harmful behavior, but have reduced impressions on this content in Search by ~95% relative to even prior baseline levels,” wrote Roth.

“Our primary success measure for content moderation is impressions: how many times harmful content is seen by our users,” explained Roth.

Oh, that Roth guy? He resigned.

[fwc577]

Experts say Elon Musk's meeting with Twitter advertisers revealed massive flaws in his leadership

This shit really reminds me of the struggles with WoW and other live service games compared to AAA single player titles.

Elon has been great making static products but it's like he's come to WoW development team and everyone just hates everything he's doing. The biggest problem with Twitter, unlike WoW, they aren't the biggest shark in the tank. Also, there is nothing to bring people back to Twitter once they leave.

It's rather fun and spectacular watching this whole thing play out.

[VMSmith]

IMO, the problem with Twitter is that any social media site is going to behave pretty much the way Twitter behaved (in moderation, monetization and such) or be an absolute failure (see: Truth Social, Parler, every right-wing social media site). It's just baked into the reality of what will be appealing to most users and, more importantly, most advertisers. Almost no one wants their business promoted right next to calls for the death of the Jewish race, y'know. The problem isn't that sites like Twitter have a progressive agenda and hate conservatives, it's that most users and advertisers prefer a progressive agenda and that's both the product and the source of income. Conservative ideology is just pretty much frowned upon because it's awful and unfriendly to commerce.

So there was never anything Musk could do to Twitter to make it both friendlier to conservatives (his idea of freeze peach) and to advertisers, not without ruining it for everyone. Which may have been his secondary goal, but IMO something will just rise up in it's place that looks pretty much like Twitter used to look.

[Edge-]

Real though, thank you Elon for spending $44B to deliver all the rest of us so much free entertainment. Seriously, we don't even need to spend $8/month, we get this shit for free!

[Breccia]

Musk claims the grey labels marking the verified accounts of public figures will return as soon as they start paying. Well, he said they would return when the blue $8/month plan returns, so, close enough.

They will return at the end of next week.

"Probably".

[Cthulhu 2020]

I'm ready for the blue paid marks to come back. The comedy was hilarious. Come on Musk, can't stand by your decisions?

Also, Twitter continues to attempt to lure former employees back. Why? So they can train their replacements on how to do their jobs. Musk managed to fire a ton of Twitter engineers who were the only ones who knew how their particular parts of twitter worked. And now the Musk boys who are willing to work 84 hour weeks for half the pay are freaking out that they can't just "figure it out".

I hope not a single one of them returns. Let it burn.

[jonnysensible]

I'm ready for the blue paid marks to come back. The comedy was hilarious. Come on Musk, can't stand by your decisions?

Also, Twitter continues to attempt to lure former employees back. Why? So they can train their replacements on how to do their jobs. Musk managed to fire a ton of Twitter engineers who were the only ones who knew how their particular parts of twitter worked. And now the Musk boys who are willing to work 84 hour weeks for half the pay are freaking out that they can't just "figure it out".

I hope not a single one of them returns. Let it burn.

i reckon world cup traffic will crash it.

[hellhamster]

Can anyone explain Musk's masterplan of firing half the staff, then telling the other half they have to work twice the hours?

Is Twitter Greek? Because that's basically the definition of Greek corporate management. Mindnumbingly moronic.

[Evil Midnight Bomber]

Can anyone explain Musk's masterplan of firing half the staff, then telling the other half they have to work twice the hours?

Is Twitter Greek? Because that's basically the definition of Greek corporate management. Mindnumbingly moronic.

It's worse than that.

He fired half the staff and now he's asking the other half to try and convince the half that got fired to come back.

[Shadowferal]

(Opinion piece)
Big Tech purge may be good for US and the world

Today’s business headlines herald a harsh reality for Big Tech: tumult at Twitter; meltdown at Meta; atrophy at Alphabet; adjustments at Amazon. Layoffs, sliding stock and shrinking valuations are hallmarks of the moment.

Big Tech malaise is unfolding before our very eyes.

While the tech downturn was not unexpected, it is not altogether unwelcome.

Some might even consider it relief.

No one — not even investors — seems to be shedding tears for the tech sector.

After a decades-long bull run, now comes the decline, the disruption, the denouement. After all, irrational exuberance can only last so long.

Congress, the FTC and DOJ have had Big Tech titans in their crosshairs for years but have been unable to pull the trigger.

The tide may be turning.
Comeuppance in Washington may be slow, but it does occur. A new Congress is sure to focus on the well-documented missteps of Amazon, Google, Meta and Twitter, for starters. That would be a redux with a dash of House Republican fervor.

Fatigued from its failure to protect our data and respect our privacy, we may be better for the Big Tech tumble.

For many, Big Tech has become insufferable, leveraging its largesse to thwart legislation, regulation and reform. Believing the federal government to be feckless, Silicon Valley has been impervious to Washington conventions. Its posture of enlightened elitism, smug self-satisfaction, and unearned exceptionalism pervaded Washington for years. Again, that may be coming to an end.

The recent decline in Big Tech values and the diminishment of its leaders offer a good time to pause.

This may be a seminal moment for the country as social, economic and security concerns are being examined under new lenses.

Witness Elon Musk’s content moderation council — a noble notion but hard to implement equitably and efficiently. And Meta’s morale problems are no longer an on-campus secret among the cognoscenti. All of which have to be handled, and soon.

A clear-eyed view will allow us to take Big Tech for what it is — warts and all. Although it transformed the modern global economy, it is no longer the be-all, end-all for outsized growth. Its social impact — both good and bad — cannot be questioned, but its unassailed economic dominance should be.
-----------
A lot of interesting words...

[Endus]

(Opinion piece)
Big Tech purge may be good for US and the world

Today’s business headlines herald a harsh reality for Big Tech: tumult at Twitter; meltdown at Meta; atrophy at Alphabet; adjustments at Amazon. Layoffs, sliding stock and shrinking valuations are hallmarks of the moment.

Big Tech malaise is unfolding before our very eyes.

While the tech downturn was not unexpected, it is not altogether unwelcome.

Some might even consider it relief.

No one — not even investors — seems to be shedding tears for the tech sector.

After a decades-long bull run, now comes the decline, the disruption, the denouement. After all, irrational exuberance can only last so long.

Congress, the FTC and DOJ have had Big Tech titans in their crosshairs for years but have been unable to pull the trigger.

The tide may be turning.
Comeuppance in Washington may be slow, but it does occur. A new Congress is sure to focus on the well-documented missteps of Amazon, Google, Meta and Twitter, for starters. That would be a redux with a dash of House Republican fervor.

Fatigued from its failure to protect our data and respect our privacy, we may be better for the Big Tech tumble.

For many, Big Tech has become insufferable, leveraging its largesse to thwart legislation, regulation and reform. Believing the federal government to be feckless, Silicon Valley has been impervious to Washington conventions. Its posture of enlightened elitism, smug self-satisfaction, and unearned exceptionalism pervaded Washington for years. Again, that may be coming to an end.

The recent decline in Big Tech values and the diminishment of its leaders offer a good time to pause.

This may be a seminal moment for the country as social, economic and security concerns are being examined under new lenses.

Witness Elon Musk’s content moderation council — a noble notion but hard to implement equitably and efficiently. And Meta’s morale problems are no longer an on-campus secret among the cognoscenti. All of which have to be handled, and soon.

A clear-eyed view will allow us to take Big Tech for what it is — warts and all. Although it transformed the modern global economy, it is no longer the be-all, end-all for outsized growth. Its social impact — both good and bad — cannot be questioned, but its unassailed economic dominance should be.
-----------
A lot of interesting words...

Really, it's the standard capitalist pattern. Identify exploitable resource/service, exploit the fuck out of it and mindless boost production/provision until the market creaks and the whole mess collapses in on itself. In this case, unlike prior crashes, we have the lovely factor that these tech companies are both fundamentally and deeply unnecessary, and that their services aren't particularly unique and their primacy in the market is mostly due to market preference/branding success. Like, Youtube is only Youtube because everyone is one Youtube. If I started a new video hosting service in my garage and somehow was able to scale up rapidly with demand, I could, in theory, take Youtube's viewer base completely away in a matter of months, if people preferred my service to theirs all of a sudden. Especially once that ball gets rolling and content creation is all on my platform now, not Youtube's. Youtube has no material control over their own customer base, no particular patents of IP that prevent a competitor taking over, it's all just customer preference. If people decided Youtube was shitty and had to die, some other service would snap up the disaffected viewership in a hot second and Youtube would die. It happened to Myspace and Geocities, it's happening again to Facebook and Twitter. Though Twitter's being helped down that path by the biggest, richest moron the world has seen in, god, centuries at least. But pretty much everyone is kind of gleeful about the chaos because fuck Twitter, man. It only retains users because A> everyone's already on Twitter, and B> apathy and inertia. The moment you give people a reason, and an alternative, they're gone. And there are so many alternatives.

It's not like the market controls of yesteryear where you could hold down an effective monopoly on product to try and secure stability. So even those rails are gone, and the whole thing's gonna come crashing down, because that's what capitalist systems do. They gorge, until they choke on it and die.