Earlier quoted context omitted.
It'd have to be a huge discount as they'd be buying the debt along with it. Why would someone want to saddle themselves with an unprofitable debt burden?
BofA/whoever lent $12B or whatever to Twitter/Elon. Ultimately they have to settle for lower payments or get Tesla stock or whatever, and the debt is cleared. Or it defaults. Either way, Twitter the service has no reason to shut down, and doesn't carry that debt further. Once the debt cost is sunk, what matters is future marginal profitability.
Starting February 9, we will no longer support free access to the Twitter API
361–370 of 488 posts
Re: Starting February 9, we will no longer support free access to the Twitter API
#362Earlier quoted context omitted.
> End of an era; Twitter is dead. Whatever is left, it's not Twitter. Am-I the only one surprised the site still hasn't had a major (multi-hour) outage at this point? Considering the waves of resignations that hit the automated content filtering and bot mitigation teams, it's no wonder they are getting desperate.
Twitter still has like 1000 heavily dedicated (either because they love elon or getting fired means getting deported) which means they can fight a lot of fires and keep things going.
> getting fired means getting deported
i wonder what percent of workers left are in that position?Re: Starting February 9, we will no longer support free access to the Twitter API
#363Earlier quoted context omitted.
> Maybe make it heavier cached ("slower" time before new tweets are available, less infrastructure costs) but wouldn't disable it fully. This. I had a brief flirtation with working with people using the Twitter API for research purposes. A very large majority of them didn't care about having the latest tweets coming off the firehose, but instead getting access to all the old data. At least at the time, the latter was…
Delivering old tweets is actually more expensive than real-time because nothing is cached. Streaming access is pretty much all served out of memory. I used to lead the search and historical API team at Twitter.
Re: Starting February 9, we will no longer support free access to the Twitter API
#364Earlier quoted context omitted.
Personally, I like the theory that he's planning to discharge all of the debts he's run up in one fell swoop with a bankruptcy filing. It will be sad, but not unexpected if the courts let him get away with it. I wish I could buy a house with a mortgage in the house's name, make the house declare bankruptcy, and then keep ownership of it. Replace "house" with "Twitter", and that's the gambit. Although, the amount of d…
> I like the theory that he's planning to discharge all of the debts he's run up in one fell swoop with a bankruptcy filing. And that theory is incorrect. If Twitter goes into bankruptcy, the shareholders are wiped out. Ownership goes to the banks. He could be trying to drive the cost of the debt down (supposedly already down 40% on the open market), so he can buy it. But, the banks aren't stupid. He will absolutely…
Re: Starting February 9, we will no longer support free access to the Twitter API
#365Re: Starting February 9, we will no longer support free access to the Twitter API
#366Earlier quoted context omitted.
Your problem could be solved by providing read-only API for free - you don't need to write access to do academic research (unless you want to influence the discourse).
Agreed, but I don't think scam and spam bots are using the API anyway - rather puppeteering tools built on Selenium or any of many scraping libraries and toolchains.
Re: Starting February 9, we will no longer support free access to the Twitter API
#367We have a business that relies on the Twitter API. I don’t mind paying to access the API, but the way they’re handling this makes me want to deprecate support for Twitter entirely. I am only learning about this change from this thread. Even worse, we only have 7 days to react.
Serious question though: If you're a business, is it really a huge deal to part with, idk, maybe $10-$20 a month for the API (idk what it will cost)? Talking in pure financial terms.
That's the problem GP means. It's less than a week until it happens, and nobody knows how much it's going to cost, how you convert your free account to a paying account, whether auth is also going to be paid, etc etc
Re: Starting February 9, we will no longer support free access to the Twitter API
#368Re: Starting February 9, we will no longer support free access to the Twitter API
#369Earlier quoted context omitted.
The website is awful. It's horrific. It was the worst site I visited regularly until I started using Nitter instances. I'd rather not know what is going on than go to it. I wish they'd wind the UI back 10 years, to back when it was pleasant to browse.
I look forward to someone teaching Elon Musk what version control is, resulting in him wholesale rolling back Twitter's entire stack to 2008. At last, Twitter is written in Ruby again!
Two important take-aways from that:
1) The attackers just pulled the old "Hey, I'm from IT service desk and need your password."
2) Apparently every engineer had god mode in production
I can't imagine what scary monsters are in that codebase.
Re: Starting February 9, we will no longer support free access to the Twitter API
#370Earlier quoted context omitted.
> He's trying to make it profitable. Might have been smart to not make it unprofitable in the first place.
I think Twitter was never profitable to start with.