Does Elon Musk own Twitter, or does a group of bankers orchestrated by him jointly own it with him?
Musk himself owns it. He is now the CEO of the place
Elon Musk owns Twitter: The story so far
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Re: Elon Musk owns Twitter: The story so far
#52Prediction: 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.
Tesla and SpaceX have hired a ton of hard-to-hire talent. I don't understand why people might want to work for those companies because as far as I know the working condition is horrible. But again, his companies hire really good people to work on their problems.
I think "revolutionize transportation" and "revolutionize space flight" are a bigger draw for prospective employees than "put Kanye back on Twitter".
Re: Elon Musk owns Twitter: The story so far
#53No post body was provided.
Re: Elon Musk owns Twitter: The story so far
#54Prediction: 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.
Tesla and SpaceX have hired a ton of hard-to-hire talent. I don't understand why people might want to work for those companies because as far as I know the working condition is horrible. But again, his companies hire really good people to work on their problems.
They're given the opportunity to work on big, macro problems (efficient space travel, energy generation/storage/security, climate change, etc). What's not to get?
Re: Elon Musk owns Twitter: The story so far
#55Prediction: 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.
With a strong vision for freedom of speech and actual value enforcement (edit: of the transparency value, not just start censoring the other side), it would attract the right people. We can argue the recent dilution of Twitter's values to meddle with U.S. politics was the actual brain drain.
There are a few reasons technical people go to work.
1. Interesting challenges
2. Exchange labor for money
3. Good working environment
4. As a nice to bullet point on their resume
It would be a very naive thing to work for a for profit company owned by a billionaire to think that you have any other “mission” than to line the pockets of a reluctant owner.
Re: Elon Musk owns Twitter: The story so far
#56I 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.
Well, speaking in those terms, I think the thing to watch will in fact be censorship. Elon is extremely idealistic, so it will be fascinating to watch him melt down when confronted with the reality of how complex free speech and censorship issues really are. I predict that he will succeed in turning Twitter into the rightwing safehaven that "Truth" Social, Parlor, etc have all been trying to become.
He's making a deal with the devil to fund Twitter, and if that means selling out to guys like Peter Thiel and other conservative power brokers, then he will do it. Just in time for the 2024 presidential election media cycle too...What could possibly go wrong?
Re: Elon Musk owns Twitter: The story so far
#57In the spirit of trying to be high-information and add value:
Where Musk is going, there are no maps. So it's very very hard to project. But we can predict likely developments.
At a very high level, it's going to involve: bringing back controversial personalities like Donald Trump; increasing Twitter's commitment to 'free speech'; assuaging skittish advertisers; retaining users who might be concerned, while bringing in new ones; managing the exodus of users (size:?) that will happen regardless; cutting a large amount of staff, while keeping Twitter's lights on; open sourcing the code, discussing the impending rearchitecture; and - long term - folding this into Elon's vision of America's WeChat, and ultimately expanding Twitter, under X.com.
That's a lot. But at a high level, I think that's correct.
I would expect Elon to take the fight to the media. Whether he's going to focus on neutrally spreading a message, going more on the attack on media outlets that would support him, or doing something in between, is unknown.
Musk has an unusually large amount of media power: that's his unique value add, in a way. I would expect this to be a 'bigger deal' as a story, as multiple stories, than I would for any other company undergoing a takeover. We'll be hearing a lot more about Twitter in the weeks to come, since the developments will keep piling up, and the press/public loves to read & discuss stories about Twitter & Musk.
We'll see how it goes.
Re: Elon Musk owns Twitter: The story so far
#58I 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 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.
Re: Elon Musk owns Twitter: The story so far
#59Prediction: 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.
Tesla and SpaceX have hired a ton of hard-to-hire talent. I don't understand why people might want to work for those companies because as far as I know the working condition is horrible. But again, his companies hire really good people to work on their problems.
I don't think twitter has the same pull as those companies because Tesla and SpaceX are doing something totally different and largely unique
Re: Elon Musk owns Twitter: The story so far
#60Prediction: 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.
There are many people who support Elon and the policies he intends to enact. And if you don’t believe that’s the case, then I’d encourage you to have more conversations with people who don’t align with your views. I’m fairly confident he’ll have no shortage of talent willing
to help implement his vision.