41–50 of 235 posts
If he's right (too soon to know), then nothing of value was lost. Twitter wasn't profitable and probably was never going to be. Those tweeting will probably lead healthier and more productive lives doing other things. Those consuming content may have to actually read substacks, blog posts, reddit posts and other means of delivering content that are less a knife fight, and more a reasoned argument. Twitter was rarely…
elon is playing you, everything is fine, he just wants free attention to spread platform news to people without spending $
all the complainers are his new marketing network and it's glorious
> But, what is gone? Twitter was a unique spot where journalists, celebrities, titans of industries, your family, friends and co-workers, would join a daily mosh pit filled with a mix of truly important cultural moments and the most inane things you’ve ever seen. [...] Twitter will likely go from Elon’s new toy that is too difficult for him to play with, to being passed on to his legal and finance advisers to sort ou…
Regardless of how you feel about free speech, not everyone likes it. Even the perception that twitter is getting toxic will drive people away… except the toxic people. The only thing holding twitter up is that there’s no alternative for the people that matter - the “blue checks” who drive most of their traffic and engagement. Yet Elon managed to piss them off anyways.
Earlier quoted context omitted.
Then he shouldn't have signed a binding contract. Only an idiot investor wouldn't take twice the market value for an asset when given the chance.
Ok, so he signed the contract. Decided not to buy it because it was a massively overvalued money pit but they forced him anyway. So now he is supposed to keep dumping money into the burning dumpster fire that is twitter?
Actions have consequences which is a basic thing that it seems some people have a really hard time understanding.
edit: If one can ignore contracts at will then much of modern society implodes.
Earlier quoted context omitted.
Ok, so he signed the contract. Decided not to buy it because it was a massively overvalued money pit but they forced him anyway. So now he is supposed to keep dumping money into the burning dumpster fire that is twitter?
Correction - HE forced himself to buy it by signing a binding contract to buy it.
Anyway, it's beside the point. Elon OWNS twitter. Do you all understand what ownership means? Like how you own a phone? If he wants to smash his new toy into the ground and break it that's his prerogative. Employees need to stop deluding themselves that any part of a business belongs to them because they were part of the process in creating it. The salary you are paid is the price for control of everything you contribute to a company.
If you hate that idea, much like I do myself, you should start your own business.
> But, what is gone? Twitter was a unique spot where journalists, celebrities, titans of industries, your family, friends and co-workers, would join a daily mosh pit filled with a mix of truly important cultural moments and the most inane things you’ve ever seen. [...] Twitter will likely go from Elon’s new toy that is too difficult for him to play with, to being passed on to his legal and finance advisers to sort ou…
> But, what is gone? Twitter was a unique spot where journalists, celebrities, titans of industries, your family, friends and co-workers, would join a daily mosh pit filled with a mix of truly important cultural moments and the most inane things you’ve ever seen. [...] Twitter will likely go from Elon’s new toy that is too difficult for him to play with, to being passed on to his legal and finance advisers to sort ou…
Agree. Twitter was a going nowhere dumpster fire before the purchase. It's going to be a bumpy ride, but it could end up better or disappear. Either would be fine with me.
Everyone on this site (and even many non-tech people) had their own ideas on how to fix Twitter. It was a given that it was a mess. Musk had the money and hubris (I don't think he wanted to really buy it), to actually say hold my beer.
Regardless of what you think of Musk, he loves Twitter and now has a lot of financial incentive to make it function better as a business. So we'll see.
Earlier quoted context omitted.
They led to a stagnant company with -$200m in profits. Elon instantly led to a company that is now $1-2 billion in the red a year, and needs to aggressively cut costs and increase revenue to make it up. I'd say the current situation is 99% on Elon. edit: For those not aware, the buyout included $13 billion in debt to Twitter which they need to pay $1-2 billion a year for in terms of interest alone.
Copy pasting my reply from a different thread on that topic: You think that if he paid completely up front he wouldn't care about cutting costs? Why? The pressure would still be there -- it would just be in the form of pressure to recoup his investment
As a relatively disinterested observer (don’t tweet, don’t own a Tesla, don’t feel particularly strongly about Mr Musk), I’ve found the media/commentariat reversals of position on this funny. Musk’s initial Twitter takeover talk was met with general opprobrium, to put it mildly. I must have read more than one take that it was a threat to democracy itself. Then, after a stock market downturn, and when the Twitter acqu…