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X says it is worth $19B, down from $44B last year

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Re: X says it is worth $19B, down from $44B last year

#81
post #13
post #8

Earlier quoted context omitted.

Yeah there's no way it's worth $19 billion. With its current expenses you can just sit back and wait for bankruptcy proceedings to pick it up cheap if you wanted it.

Was that his 4D chess plan all along?

After the bankruptcy, you’ll see what he had brewing all along.

Re: X says it is worth $19B, down from $44B last year

#82

$19B ?! I think they forgot the comma here. And even that would be generous. All advertisers are gone - it seems like most advertising is some absolute crap. No way it brings any real money. Linda Yaccarino was recently caught lying (or rather, presenting the state of affairs in Elon's way) - suggesting and even naming some big brands that are supposedly back, while they are not (or spend 0.1% of their previous spend…

> push his 'optimism' way too far (for which, I believe, he will end up in prison)

Eh, care to elaborate?

Re: X says it is worth $19B, down from $44B last year

#83
post #33

Earlier quoted context omitted.

You don't truly believe Twitter has become any better at free speech than it was before do you? Cause that's foolish. There's tons of bans and blocks, and there's still bias in the algorithms for promoting tweets. The only change is that what gets censored is now more aligned with Musk's own interests. That's all.

How could it not be better? it's not working with the US Gov to censor free speech that's proven to be true after the fact. One of the biggest scandals of our time is "disinformation" that the government doesn't approve of being silenced by Government working with Private Industry to get around bans on government censorship of speech. Used for dissent around COVID "misinformation" or "election integrity". I didn't cl…

I'm sorry for doing this, but I'm going to defer to ChatGPT 4, as it does a better job than I could at explaining why I'm not convinced by what you're saying to believe it's any better now that Musk owns Twitter.

1. Instances of deceit, irrationality, or fallacious reasoning:

- The claim "it's not working with the US Gov to censor free speech that's proven to be true after the fact" suggests that because something is proven true later, it was necessarily censored for being true. This is a post hoc fallacy.

- Labeling disapproved "disinformation" as "literally the hallmark of fascism" is a slippery slope fallacy, as it makes an extreme conclusion based on limited data.

- The claim that Twitter banned "the post for putting up The Laptop Story" and connects it with the FBI "literally lying about 'russia'" makes an assumption of causation without clear evidence.

- The comparison "scary freedom is better than the safety of slavery" is a false dichotomy, suggesting only two extreme options exist.

2. Overt emotional appeals or attempts to manipulate the reader's emotions:

- Using terms like "biggest scandals of our time," "hallmark of fascism," and "safety of slavery" are emotionally charged phrases meant to evoke strong reactions from the reader.

- The phrase "drum roll!" is an attempt to heighten anticipation and add emphasis to the subsequent statement.

- "I understand that's scary" acknowledges the emotional weight of the topic, attempting to resonate with readers who might feel the same.

3. Summary of the Overall Approach:

The text primarily employs emotional appeals and fallacious reasoning to make its points. While it presents some claims as factual, it lacks concrete evidence or logical argumentation to support them. Instead, it relies on emotionally charged phrases and extreme comparisons to drive home its perspective. The text does not align strongly with Enlightenment values of reason, evidence, and logical argumentation. Instead, it leans heavily on emotional and manipulative tactics.

Edit (to add my rational for why I'm not convinced it's any better):

Like ChatGPT points out, the arguments against the prior Twitter and for the new I don't find fully logical or evidenced.

And in my view, the transition of Twitter to private ownership under Elon Musk pose challenges to its role as a guardian of free speech, compared to its time as a publicly traded company.

This change potentially alters the checks and balances in place, as the discourse and recourse now largely rest on Elon's discretion. And possibly on Elon's creditors, which some of them are questionable.

Previously, various stakeholders could critique and influence Twitter's policies, fostering a level of transparency. Now, this dynamic is gone.

So I'm left to take Elon's personal guarantee. To believe his claim that he's a good dictator. That he won't leave his personal beliefs and interests bias his platform. And to believe that it will end up being an overall net positive to truth seeking, and not devolve into another tool that helps falsehoods spread while truth erodes.

Even if he does manage to do all that for some time, being privately held isn't a robust mechanism to protect free speech and promote truth long term. If he worked to somehow democratize, create check and bounds, and all that, I'll change my mind.

Re: X says it is worth $19B, down from $44B last year

#85
post #82

$19B ?! I think they forgot the comma here. And even that would be generous. All advertisers are gone - it seems like most advertising is some absolute crap. No way it brings any real money. Linda Yaccarino was recently caught lying (or rather, presenting the state of affairs in Elon's way) - suggesting and even naming some big brands that are supposedly back, while they are not (or spend 0.1% of their previous spend…

> push his 'optimism' way too far (for which, I believe, he will end up in prison) Eh, care to elaborate?

Sure.

Musk was always very 'optimistic' about Tesla goals and timeline estimates. That's fine (I guess) when you're a small company trying to achieve a major breakthrough. And they did actually deliver and started to mass produce EV cars - absolutely impressive result.

But in the process, Musk also started to promise more and more impossible things, on a bigger and bigger scale - FSD (almost 10 years ?), Robotaxis (!), Tesla's cars as 'appreciating assets', Boring Company, recently Optimus, AI, Tesla Semi, Cybertruck. Infinite demand that he claimed on investors earning call (he knew the real numbers) ?

The scale of optimism varies of course here. Tesla Semi for example ? Announced 6 years ago, officially started deliveries 1 year ago. In reality, those are prototype trucks, with specs and price being kept secret.

Another interesting one is the deal with Hertz - in October 2021, they announced a deal with Tesla, in which they supposedly bought 100k Teslas. Tesla stock skyrocketed (something like +50% in 3 weeks), to hit its all time high share price beginning of November 2021. It turns out (as announced by Hertz last week) that they only bought 35k Tesla's so far.

It's fine to say with huge optimism you're tackling a big problem when you're a 50 persons startup. It's another thing to say that you are in the process of building and close to delivering them as a huge public company, whose valuation is higher than 10 next competitors combined (when said competitors are doing >x10 sales).

And it's an entirely different thing, when the main character of the story, sells almost $40B of stock (!!!) at the peak of the hype he created. To give some perspective, $40B is the entire valuation of Ford, or GM. And he sold with excellent timing too. Remember this Hertz story - October 2021, then shares hit 400$ (all time high) beginning November 2021. Elon Musk starts selling on 8 November 2021.

Re: X says it is worth $19B, down from $44B last year

#86
post #56

Earlier quoted context omitted.

Can you write off this stuff? You can only personally write if like 3k of loses per year

$3,000 loss limit is the amount that can offset ordinary income. Capital losses can offset unlimited capital gains.

[dead]

Re: X says it is worth $19B, down from $44B last year

#87

That's the cost of free speech apparently. Elon's cause is more noble than sheer capitalism. Advertisers don't want to be on a platform that allows honest, open communication. A sterile non-controversial platform is much safer for them. At some point as our rights and our freedoms in this country slowly erode, we're going to be grateful to have Twitter and to Elon Musk for being one of the last platforms to put our f…

Can you give us an example of things that can't be said anywhere else but twitter?

Can you give an example of any of these places that get universally used and cited by news organizations and politicians the world over?

Re: X says it is worth $19B, down from $44B last year

#88
post #83

Earlier quoted context omitted.

How could it not be better? it's not working with the US Gov to censor free speech that's proven to be true after the fact. One of the biggest scandals of our time is "disinformation" that the government doesn't approve of being silenced by Government working with Private Industry to get around bans on government censorship of speech. Used for dissent around COVID "misinformation" or "election integrity". I didn't cl…

I'm sorry for doing this, but I'm going to defer to ChatGPT 4, as it does a better job than I could at explaining why I'm not convinced by what you're saying to believe it's any better now that Musk owns Twitter. 1. Instances of deceit, irrationality, or fallacious reasoning: - The claim "it's not working with the US Gov to censor free speech that's proven to be true after the fact" suggests that because something is…

"chatgpt"

Ahh... the thing that makes up stuff and is increasingly... censored?

Hard pass.

I'll take my own thoughts and not AI limited by fear.

https://arstechnica.com/tech-policy/2023/07/chatgpts-user-ba...

"OpenAI also started responding to user backlash and regulatory pressure by censoring harmful ChatGPT responses, which may have led some users to abandon the tool, possibly viewing it as less useful, less trustworthy, or simply less fun."

Let me know when I can talk to a human again. I'm not here to talk to NPCs hiding behind Censored AI.

pre-post edit: noticed your edit.

"To believe his claim that he's a good dictator."

I trust Elon as a "good dictator" when compared to alternatives. (IE: Media working with the FBI to censor stories and influence elections by hiding truth)

Don't talk about the "robust mechanism to protect free speech" without being willing to talk about all the alternative to "Elon"... the US government? Other tech companies? Media? Who have all been proven to be willing to lie to keep a narrative?

Even if he has his flaws? (hint: he has many) The fact that he's not beholden to the US Government or other entities is in itself a step that we needed to break the silence about all the "conspiracy theories" that keep ended up being true.

Elon is faaaaaaar from perfect. He sure as shit isn't the one walking on water.... but he's waaaaaaay more trustworthy than most of the alternatives out there.

Re: X says it is worth $19B, down from $44B last year

#89
post #75

Earlier quoted context omitted.

Took Elon 17 years to get Tesla profitable... why do you think he'd give up in a year? The largest problem with businesses these days is the "we must make profit next quarter" mindset and the "I hope he fails" is either that - or a pocket dislike of free speech. Each option is questionable in it's own right. I hope Elon succeeds. Not because I agree with everything he says or does but because I value free speech. “I…

> I disapprove of what you say, but will defend to the death your right to say it” -Voltaire I also just want to elucidate this quote a bit in case you didn't know. Voltaire did not actually write these exact words. The line is a summary of his views on freedom of speech and thought, and it was penned by Evelyn Beatrice Hall in her 1906 biography of Voltaire titled "The Friends of Voltaire." Hall wrote this phrase to…

I actually saw that when finding the quote but was too lazy to go deep into it. Yeah, it's not Voltaire quoted but her paraphrase.

I think free speech is like all our other rights - absolute but your rights end where the rights of others begin. Which is a wonderful paradox in which to live.

You have the right to self defense but don't have the right to own a nuke. You have a right to speak freely but not to defame/slander/incite violence. The question isn't are those rights yours but where your right ends and the line between your rights and mine.

It's still probably my favorite quote - especially as a veteran - even if, like a lot of things, its not exactly 100% accurate lol.

I should put it as "Voltaire, misquoted by Hall"

My other favorite quote is:

“When you tear out a man's tongue, you are not proving him a liar, you're only telling the world that you fear what he might say.” ― George R.R. Martin, A Clash of Kings

Re: X says it is worth $19B, down from $44B last year

#90

The "Elon is saving free speech, so this is worth it" argument for this incredible destruction of value is what cracks me up. The internet had/has no problem hosting repugnant viewpoints. Plenty of web hosting providers are available for you to share your most vile, hateful thoughts. We're watching a very powerful person discover in real time that free speech isn't something that generates value on its own.

"Destruction of value" assumes that Elon paid what Twitter was worth back then, which is not necessarily true.
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