My theory is to run it into the ground for laughs. He didnt want the conpany but then had to buy it. Costs a bit of money but its just money? The guy only wants to work 24/7 no need for money.
Eli Lilly pulls millions in Twitter advertising after fake account debacle
181–190 of 222 posts
Re: Eli Lilly pulls millions in Twitter advertising after fake account debacle
#182Earlier quoted context omitted.
They should have done actual verification like many financial accounts do (you upload your ID and answer questions on your past). Musk is ex-payments professional and should have known that gaming payments to adversely attack verification was bound to happen. His assertion that lords and peasant system needs to be dismantled is absolutely correct, however. Twitter has largely turned into message distribution system f…
> His assertion that lords and peasant system needs to be dismantled is absolutely correct, however. Not such a great system when a bunch of peasants convince themselves to believe in lies. "Everyone gets a voice to say damaging things" is the road to ruin.
I think that's what they used to say when the United States was founded.
Re: Eli Lilly pulls millions in Twitter advertising after fake account debacle
#183It's super funny that identity verification of authors of things published was basically more than half of the value twitter provided to its users, both readers and writers and the first thing Elon did was to destroy it. Just to replace it with what he calls "payment verified", which basically means you have 8$ and means to send it to twitter. Which apparently is worth less than nothing. It kind of reminds me how a w…
> Which apparently is worth less than nothing.
It’s much worse than that. Selling the verification check mark to anyone with $8 poisoned the platform instantaneously.
It’s a bit like the DMV suddenly starting to sell driver licenses without any proof that you are who you say you are. Immediate erasure of the trustworthiness of any driver’s license, forever.
I cannot imagine that Musk was not aware or made aware of this consequence. He did it anyway.
Possibly after firing the people who warned him.
Re: Eli Lilly pulls millions in Twitter advertising after fake account debacle
#184How much of what that article says is true? I understand that Elon is destroying twitter but it was reported that the drop in the Eli Lily stock was because they lost some patent litigation and not the fake tweet. I don’t know what to believe now.
Re: Eli Lilly pulls millions in Twitter advertising after fake account debacle
#185Earlier quoted context omitted.
The biggest difference between Twitter and every one of Musk's successful companies is that his typical ventures absolutely depend on US federal largesse to survive. Unless Twitter can start selling carbon credits or secure some bloated federal contracts, there is no chance in hell that Twitter is going to be in the black any time soon.
This is just completely untrue for Tesla. Carbon credits make up less than 10 percent of Tesla's profit. They had 250 million in carbon credits last quarter and 3.3 billion profit.
Government incentives helped them get to their current level of profitability. Not just in the US either: in Norway, for instance, there's a huge environmental tax on gas-burning cars, but EVs are exempt since they don't burn fossil fuel, so Teslas end up being quite cheap by comparison and are therefore very popular there.
You're being disingenuous by claiming carbon credits are the only form of government largesse or incentive.
Re: Eli Lilly pulls millions in Twitter advertising after fake account debacle
#186Earlier quoted context omitted.
> I think it just helps to be a user of the product and have a deep understanding for it before you make any changes. Elon used twitter a lot, but in pretty unusual fashion (because he's world famous billionaire) so he really didn't understand what's most valuable part and took it for granted. And it also doesn't take a genius to make changes a little slower and more conservatively. For instance, in this case they sh…
> It also doesn't help that there's a Twitter replacement (Mastodon) waiting in the wings As much as I want to see Mastodon succeed, I don't see it ever happening. Its biggest feature (multiple instances) is also the biggest reason most users are never going to use it. It's just too confusing for the end user. Also it's bizarre that the one instance that actually has the potential to gain mainstream interest (mastodo…
>I'd put my money on something new taking Twitter's place way before Mastodon.
Something new, like what? When there's a big user exodus from some kind of service or platform, there has to be something for them to flock to right then. When Digg imploded, Reddit was there to absorb the exodus. Right now, Mastodon is there, even if it has significant downsides. Users aren't just going to wait around for something ideal to be built for them.
Re: Eli Lilly pulls millions in Twitter advertising after fake account debacle
#187Earlier quoted context omitted.
> It's really a bit surprising that noone told him that his tweets are worth anything only because people reading them can know they come from Elon not some guy who paid 8$ to call himself Elon on Twitter. I'm aware of no less than 3 formerly verified individuals who did tell him[1] before the feature launched, and he responded by banning them for impersonating him and instituting a "no lying about who you are" rule…
Musk didn’t institute that rule, the rule was already in place. Musk’s change was to ban without first giving a warning.
Except for obvious parodies. And Mario giving the finger is an obvious parody.
Re: Eli Lilly pulls millions in Twitter advertising after fake account debacle
#188Earlier quoted context omitted.
Musk didn’t institute that rule, the rule was already in place. Musk’s change was to ban without first giving a warning.
Except for obvious parodies. And Mario giving the finger is an obvious parody.
Given a list of all twitter bans, there would surely be many that we would both agree are obvious parodies. So, obvious is relative, or, a grey area/high weasel potential area to do what you want. So it’s not obvious that anything has changed there either. That’s besides the point though that, while widely reported and repeated, Musk, as far as I’m aware, did not institute the rule about impersonation.
Re: Eli Lilly pulls millions in Twitter advertising after fake account debacle
#189Earlier quoted context omitted.
> Eli Lilly is down 5% because the market for their most profitable drug, a $125k/yr mAb IL-17 inhibitor, fell 5%. This is why Novartis, their major competitor with Cosentyx, is also down the same amount > Not everything is about Twitter! https://twitter.com/quantian1/status/1591149510168039426
So I suppose they're pulling Twitter ad spend for other reasons? I guess this whole fiasco is still damaging to their brand.
https://www.reuters.com/business/healthcare-pharmaceuticals/...
Ads may have gone down for a number of factors, may also include the fact that Twitter is not really in a place that is good for advertising due to enormous amounts of hostile users
The "damaging tweet" in question was gone long before the stock would've been in a reasonable timeframe to "react" to it.
Re: Eli Lilly pulls millions in Twitter advertising after fake account debacle
#190It's super funny that identity verification of authors of things published was basically more than half of the value twitter provided to its users, both readers and writers and the first thing Elon did was to destroy it. Just to replace it with what he calls "payment verified", which basically means you have 8$ and means to send it to twitter. Which apparently is worth less than nothing. It kind of reminds me how a w…
> a while back somebody posted proposed redesign of stackoverflow to make it more nice from UX perspective
Interested in reading more about this, do you have any links?