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X CEO Says Platform Should Turn Profit in 2024

wsj.com

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Re: X CEO Says Platform Should Turn Profit in 2024

#41

Post by ReptileMan »

bnt wrote: post #19

This 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…

Twitter disrupted the ability of mobs to self organize and some of the most toxic culture warriors left for Mastodon. So the people left there are the ones that can live with the idea that wrongthink exists and there is no need to be extinguished.

Re: X CEO Says Platform Should Turn Profit in 2024

#42

Post by brandonagr2 »

anonyme-honteux wrote: post #7

> X CEO Says Platform Should Turn Profit in 2024 If you believe it, it's not a lie!

How can you classify a prediction as a lie? You could say it's unrealistic or delusional based solely on your guesses without having seen any financial data, but it's not a lie.

Re: X CEO Says Platform Should Turn Profit in 2024

#44

Post by tsimionescu »

influx wrote: post #34
Zetobal wrote: post #2

I 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.

There are still plenty of investors, such as the Saudi royal family. Musk isn't the sole owner of Twitter, some of the old investors agreed to remain co-owners with him in the buyout.

Re: X CEO Says Platform Should Turn Profit in 2024

#46

Post by 2OEH8eoCRo0 »

ssgodderidge wrote: post #18
toomuchtodo wrote: post #5

Earlier quoted context omitted.

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…

The key there is "knowingly." For those who want to litigate, proving that he's lying is incredibly difficult. You would need some kind of internal message from Musk directly saying that "X will not be profitable in 2024" right before he posted. I doubt anyone will actually sue him over this.

Isn't that redundant? You can't unknowingly lie. To lie is to say something that you know isn't true.

Re: X CEO Says Platform Should Turn Profit in 2024

#47

Post by bdcravens »

influx wrote: post #34
Zetobal wrote: post #2

I 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.

Musk took on debt to fund the purchase. Vanguard Group, Morgan Stanley, BlackRock, and State Street all are part of the ownership group.

Re: X CEO Says Platform Should Turn Profit in 2024

#48

Post by lawn »

bragr wrote: post #21

I had honestly forgotten that they had hired her for a moment. I guess that answers the question if Musk was really going to step aside and let her take the reigns.

Step aside, sure.

But let her take the reins? No way.

She's just a glorified puppet and if Elon tells her to jump, she'll ask how high.

Re: X CEO Says Platform Should Turn Profit in 2024

#49

Post by jd3 »

Anecdotally speaking as a long time twitter lurker, the quality of my "For You" feed has dropped precipitously since the Musk acquisition — I am now consistently getting trashy, lowest common denominator shock/click-bait posts about race, iq, social/political violence, hitler, etc. in my feed despite the fact that I do not seek that content out and have only ever used twitter for art/philosophy/literature/tech/science etc.

If that kind of dark engagement tactic is partially what it takes for twitter to become profitable, then it will be at the expense of its dignity and soul.

Re: X CEO Says Platform Should Turn Profit in 2024

#50

Post by paulddraper »

bnt wrote: post #19

This 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…

I agree.

Twitter kicked out a lot of right wing zealots, and now I think the left wing zealots have left for greener pastures.

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