Reminder that Elon didn't even intend to buy Twitter He wanted to sell ~$2.5 Billion Tesla stock at all-time highs without causing the stock price to significantly deflate, so he used the Twitter purchase suggestion as a cover. He did similar pump and dump schemes with crypto - like Dogecoin - but because Elon is fundamentally a dumb guy, he did the extraordinarily stupid thing of signing a purchase agreement with Tw…
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Tell HN: Twitter switched temporarily to rate limited mode
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Re: Tell HN: Twitter switched temporarily to rate limited mode
#562Earlier quoted context omitted.
“Elon is fundamentally a dumb guy” This is the guy who’s had more than a few successful businesses now. A lot of smart people did want to work with him. Andrej Karpathy himself has said that Elon was very quick to pick up AI technically. That doesn’t sound like a “fundamentally dumb” guy to me
a lot of smart people fell for Elizabeth Holmes charm and put their money on Theranos for the purpose of this thread saying “Elon is fundamentally a dumb guy” is a statement of opinion, one that a growing number of people agree with
Was buying twitter a mistake? Sure. Did he make dumb decisions when it comes to twitter? Yes. But IMO, that’s very different than labelling someone “fundamentally dumb”
Re: Tell HN: Twitter switched temporarily to rate limited mode
#563Reminder that Elon didn't even intend to buy Twitter He wanted to sell ~$2.5 Billion Tesla stock at all-time highs without causing the stock price to significantly deflate, so he used the Twitter purchase suggestion as a cover. He did similar pump and dump schemes with crypto - like Dogecoin - but because Elon is fundamentally a dumb guy, he did the extraordinarily stupid thing of signing a purchase agreement with Tw…
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Re: Tell HN: Twitter switched temporarily to rate limited mode
#564Earlier quoted context omitted.
Yaccarino doesn't seem to be making the wide-sweeping announcements that Elon does. Given that this outage and rate limiting may legit make Twitter's business infeasible, I change my prediction that Yaccarino will leave Twitter from within 3 months to within 3 weeks.
I’d bet good money on you being wrong. Want to do $1k? We can use a trusted middleman and perform deposits or whatnot.
Re: Tell HN: Twitter switched temporarily to rate limited mode
#565Reminder that Elon didn't even intend to buy Twitter He wanted to sell ~$2.5 Billion Tesla stock at all-time highs without causing the stock price to significantly deflate, so he used the Twitter purchase suggestion as a cover. He did similar pump and dump schemes with crypto - like Dogecoin - but because Elon is fundamentally a dumb guy, he did the extraordinarily stupid thing of signing a purchase agreement with Tw…
This is some pretty dumb mental gymnastics to retcon a motivation. The simple explanation: he made an offer for Twitter, then the market (and Twitter’s value) crashed, and he tried to avoid paying the now-vastly overpriced fee he was on the hook for.
Re: Tell HN: Twitter switched temporarily to rate limited mode
#566It really feels like we're witnessing the end of an era. Elon is doggedly piloting Twitter into the ground and Reddit seems strangely compelled to follow his lead. Reddit may recover - I'm not so sure about Twitter. What technologies will take their place? In a time where it's never been easier to stand up your own website/forum/what have you, could we possibly see a gradual return to a pre-corporate Internet?
The weirdest thing of this era is that we don't see the big players (eg. Google) trying to take advantage of this situation and create an alternative.
Re: Tell HN: Twitter switched temporarily to rate limited mode
#567Re: Tell HN: Twitter switched temporarily to rate limited mode
#568I'm increasingly concerned that Bluesky has missed its moment. It got a ton of hype when it started rolling out invites, but that died down pretty quickly. Now it's been a couple months and they're still not open. Events like this would be a perfect opportunity to grab users from Twitter. But they're not ready.
Don't forget about Nostr, which has seen an absolutely incredible amount of development over the last 6 months. Damus (ios) - https://apps.apple.com/us/app/damus/id1628663131 Amethyst (android) - https://play.google.com/store/apps/details?id=com.vitorpampl... Satellite (web) - https://satellite.earth Primal (web) - https://primal.net Iris (web) - https://iris.to Snort (web) - https://snort.social Coracle (web) - http…
I made a test post and was immediately pinged by two crypto bots. Yeah no thanks.
Re: Tell HN: Twitter switched temporarily to rate limited mode
#569Earlier quoted context omitted.
It’s wild. Used to checking it frequently which any social media company would love, but can’t even scroll the feed this morning as I hit the rate limit just drinking coffee and catching up. The good thing is this will make me spend far less time on social media since it was the last one I had on my phone.
If you asked me a year ago I wouldnt have guessed that raising interest rates would be the cure to doomscrolling. But here we are.
Re: Tell HN: Twitter switched temporarily to rate limited mode
#570Earlier quoted context omitted.
Ah yes. Inheriting and owning stuff makes you smart. Maybe even the smartest. One could argue it even makes you a “stable genius”!
I just absolutely love how he makes his haters' brains break.