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Elon Musk owns Twitter: The story so far

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Re: Elon Musk owns Twitter: The story so far

#131
post #58
post #31

Earlier quoted context omitted.

I hope ads will die some day. To me they are just annoying and very rarely informative.

Where's the funding come from, then? That was not a cheap purchase.

I wasn't talking about Twitter specifically. Ads are a dominating revenue model: Youtube, Instagram, Facebook etc. I had an idea of people using crypto payments instead of likes. A platform would take a cut.

Re: Elon Musk owns Twitter: The story so far

#132

Would be interesting if he makes Twitter more dev friendly (open APIs etc)

Maybe if they go private they can work on user focused stuff. I'd like to be able to use the site again without being forced to sign in.

Due to the loans Elon had to take out, Twitter now has to make interest payments of over one billion dollars a year. Expect more features that try to wring every cent out of the userbase.

Re: Elon Musk owns Twitter: The story so far

#133

Prediction: Brain drain at Twitter begins as Elon starts enacting unpopular policies. Valuation tanks. Morale becomes non-existent and Twitter slowly starts to fade from existence while competitors begin to fill the void. I give it 3-5 years before it's gone full husk.

I doubt that will happen, I’m no Elon fanboy but he is a very capable business leader. He has clear plans to increase growth, and increase revenue. Both of those require policies that don’t push either users or advertisers away. I suspect he will surprise us with some product decisions, but I wouldn’t bet against him. I’m sure he will upset some users and some advertisers, but on the whole he understands that in orde…

Maybe he'll double the character limit.

Re: Elon Musk owns Twitter: The story so far

#135

Prediction: Brain drain at Twitter begins as Elon starts enacting unpopular policies. Valuation tanks. Morale becomes non-existent and Twitter slowly starts to fade from existence while competitors begin to fill the void. I give it 3-5 years before it's gone full husk.

What valuation? Per the article, it's being delisted and taken private. Which, may attract talent who wants to build something for the long term rather than being pinned to quarterly reports. My money would be on software developers with certain personality quirks being drawn to Musk's leadership while those who have been building Twitter's compliance and moderation infrastructure would be repulsed. But, I don't thin…

Maybe - they better make sure to negotiate a killer employee contract given they won't be getting stock which is fungible. BTW - all software developers have certain personality quirks:)

Re: Elon Musk owns Twitter: The story so far

#136

Prediction: Brain drain at Twitter begins as Elon starts enacting unpopular policies. Valuation tanks. Morale becomes non-existent and Twitter slowly starts to fade from existence while competitors begin to fill the void. I give it 3-5 years before it's gone full husk.

People are already calling the departing employees "crisis actors". https://twitter.com/danahull/status/1586060026866638850

Guy said his last name was "Ligma". Pretty sure he's an actor

Re: Elon Musk owns Twitter: The story so far

#137
post #62
post #11

I think the thing to watch will be ads and other revenue streams. Most companies aren't going to want their ads next to 'free for all' content, so we'll see what happens.

I agree. I think he understands that, as indicated by https://twitter.com/elonmusk/status/1585619322239561728 That doesn't sound like someone burning Twitter to the ground. Also, many are acting like Musk has free rein in running the company. Yes and no. Beyond needing employees to actually run the thing, he also has loans to pay back ($13B!) and investors to maintain good relationships with. More on that here: https…

I'm very skeptical of the idea that Twitter can become a place where people discuss things with civility. It seems like the mechanics of the conversation encourage outrage.

Re: Elon Musk owns Twitter: The story so far

#138

Prediction: Brain drain at Twitter begins as Elon starts enacting unpopular policies. Valuation tanks. Morale becomes non-existent and Twitter slowly starts to fade from existence while competitors begin to fill the void. I give it 3-5 years before it's gone full husk.

In this age of remote work if they open positions remotely to anyone in the world on SF salaries they will have access to an infinite pool of competent engineers, taking into account that Twitter isn't rocket science, and also that Elon has his fans. Brain drain is not a risk.

Re: Elon Musk owns Twitter: The story so far

#140
I have to admit that a few months ago I wrote on HN that Elon could do anything he wanted in order to let the price go down. And for a while I really believed that he would make it.

Apparently there is still some justice in the world, and he paid the initial sum that he proposed, if I understand right.

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