If you don't pay your rent and other obligations, profit is easy. Of course it might eventually catch up to you...
If you do not open your books for auditing, claiming profit is easy too.
You can’t just say you’re profitable. You need to declare it.
X CEO Says Platform Should Turn Profit in 2024
31–40 of 105 posts
Re: X CEO Says Platform Should Turn Profit in 2024
#32If Musk says something, take the opposite stance. Bet on the demise of X in 2024.
Except Elon didn't say this. He's not the CEO.
"X Corp. Chief Executive Linda Yaccarino said on Wednesday..."
Re: X CEO Says Platform Should Turn Profit in 2024
#33I'd be surprised if they didn't. Heck I'm a little surprised that its taking them this long. I'm guessing all those severance checks must have hurt.
Either way, a part of me really wishes Elon didn't the take company private. It would've been pretty cool to own a little piece of the rocket ship.
For those of you who are not convinced, lets put it this way:
We all stuck with Twitter for the better part of a decade under sub optimal management. A lot of you stuck with or are coming back to X despite being against the new values of the company & and its owner.
All is to say, the network effects are unfathomably strong. All they have to do is sprinkle in some monetisation via empowering the top 5% that actually creates stuff.
Easiest bet of the decade. I wouldn't be surprised if X becomes a 500b company by the end of the decade.
Re: X CEO Says Platform Should Turn Profit in 2024
#34I don't get how it is allowed that C-Suits just are allowed to blatantly lie to their investors/board/users they have the data and they know it won't happen. Exactly how Musks knows FSD won't happen this year...
Who are the investors? Musk bought them out.
Re: X CEO Says Platform Should Turn Profit in 2024
#35If Musk says something, take the opposite stance. Bet on the demise of X in 2024.
It was Yaccarino not Musk who said it, FYI
(That's why you read the article, kids)
Re: X CEO Says Platform Should Turn Profit in 2024
#36I don't get how it is allowed that C-Suits just are allowed to blatantly lie to their investors/board/users they have the data and they know it won't happen. Exactly how Musks knows FSD won't happen this year...
Lying to users about performance is covered under free speech. It's securities fraud if Musk is knowingly lying to those with an interest in X, even if a private company. Necessary components are standing ("I own a piece of X"), appetite to litigate, and evidence the statement was knowingly untrue. https://en.wikipedia.org/wiki/Securities_Exchange_Act_of_193... https://en.wikipedia.org/wiki/Private_Securities_Litigat…
Lying to users about your product is illegal under false advertising laws. Now, proving that in court is a lot easier said than done.
Re: X CEO Says Platform Should Turn Profit in 2024
#37This is obviously not a popular opinion, but: I think this is great news. In the world of Meta dominating social media (+ TikTok now de facto in 2nd spot), we need diversity in the field. Twitter (X) definitely changed in the past year, but I see it as a positive change (maybe it's my bubble) - my tech feed is no longer polluted by people fighting about left vs right, Trump etc, my feed is now tech people sharing tec…
Good for you for only thinking about your experience. If only everyone would be similarly narrow-minded, then X could truly thrive.
Re: X CEO Says Platform Should Turn Profit in 2024
#38I’m not surprised the comments here are universally skeptical so far, but I’ll chime in that I think it’s plausible. The largest expense by far was compensation and with 10% the previous workforce it dropped dramatically. The question is how much revenue would have fallen. In the HN bubble X is basically over and everyone has moved to Mastodon, but there has been little change in the folks I follow. Are journalists and ordinary folk leaving en masse as well?
Re: X CEO Says Platform Should Turn Profit in 2024
#39If Musk says something, take the opposite stance. Bet on the demise of X in 2024.
The anti-Musk fervour never ceases to amuse me
Reddit is literally wall to wall 'musk empire crashing' for the past 4 years and yet the progress continues (largely) unabated.
It's all very odd.
Re: X CEO Says Platform Should Turn Profit in 2024
#40I don't get how it is allowed that C-Suits just are allowed to blatantly lie to their investors/board/users they have the data and they know it won't happen. Exactly how Musks knows FSD won't happen this year...
Lying to users about performance is covered under free speech. It's securities fraud if Musk is knowingly lying to those with an interest in X, even if a private company. Necessary components are standing ("I own a piece of X"), appetite to litigate, and evidence the statement was knowingly untrue. https://en.wikipedia.org/wiki/Securities_Exchange_Act_of_193... https://en.wikipedia.org/wiki/Private_Securities_Litigat…
Perhaps she is merely a figurehead, but this was the CEO, not Musk, making these statements.
"X Corp. Chief Executive Linda Yaccarino said on Wednesday..."