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X CEO Says Platform Should Turn Profit in 2024

wsj.com

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Re: X CEO Says Platform Should Turn Profit in 2024

#91

Post by Simulacra »

brandonagr2 wrote: post #53
Zetobal wrote: post #2

I don't get how it is allowed that C-Suits just are allowed to blatantly lie to their investors/board/users they have the data and they know it won't happen. Exactly how Musks knows FSD won't happen this year...

What do you mean FSD won't happen? I used FSD in my car this morning to drive to work

My office is 7.1 miles away and I go FSD there and back. Perhaps it's where I live is conducive to functional operation, but it works. Perhaps the difference is that unlike a lot of people who try FSD, I keep my eyes on the road and not watching something like Harry Potter

Re: X CEO Says Platform Should Turn Profit in 2024

#93

Post by drcongo »

nonethewiser wrote: post #59
anonyme-honteux wrote: post #7

> X CEO Says Platform Should Turn Profit in 2024 If you believe it, it's not a lie!

> If you believe it, it's not a lie! Is this supposed to be some kind of “gotcha?” Of course saying something you believe is true is not a lie. Of course. Why would you even bring up the possibility of it being a lie? Nevermind a prediction cannot be a lie. Misleading perhaps, but not a lie.

Username checks out.

Re: X CEO Says Platform Should Turn Profit in 2024

#95

Post by pc_edwin »

rchaud wrote: post #75
logicalmonster wrote: post #69

A few questions based on reading the comments here. 1) Why are people so certain that the claims that X should profit are incorrect? X did cut a massive percentage of their staff, and presumably whatever infrastructure changes they've initiated in the past months to save money should be done by then. Nobody can perfectly predict the future, but reducing expenses drastically seems like a good step forward in achieving…

> Nobody can perfectly predict the future, but reducing expenses drastically seems like a good step forward in achieving their goal. Cutting expenses is one part of the equation. The other is debt servicing. There's $13 billion in loans used to buy Twitter, that now sit on Twitter's balance sheet. There's a minimum of $1.2 billion in annual interest payments on those loans.

Cutting expenses doesn't really put in perspective. Head count was cut by over 80%. Everything was switched to austerity mode.

These are not minimum wage workers, these are thousands of people who on average got payed more than the president.

Beyond that, we also have twitter blue. I'm guessing they have crossed one million by now. Thats bordering $100m ARR.

Then there is the advertising revenue, Twitter made $5 billion in revenue with a total loss of 220m. Even if advertising was cut by half, thats still $2.5B in income.

Honestly I'm surprised they are not profitable now, let alone next year.

Re: X CEO Says Platform Should Turn Profit in 2024

#96

Post by 15457345234 »

paulddraper wrote: post #55
15457345234 wrote: post #39

Earlier quoted context omitted.

The anti-Musk fervour never ceases to amuse me Reddit is literally wall to wall 'musk empire crashing' for the past 4 years and yet the progress continues (largely) unabated. It's all very odd.

You're either in or you're out

Musk dogs unite, I guess

Re: X CEO Says Platform Should Turn Profit in 2024

#97

Post by jd3 »

rchaud wrote: post #72
jd3 wrote: post #49

Anecdotally speaking as a long time twitter lurker, the quality of my "For You" feed has dropped precipitously since the Musk acquisition — I am now consistently getting trashy, lowest common denominator shock/click-bait posts about race, iq, social/political violence, hitler, etc. in my feed despite the fact that I do not seek that content out and have only ever used twitter for art/philosophy/literature/tech/scienc…

Even if I'm on the "Following" tab, I often do not see posts from people I've followed.

I've just been making lists and manually navigating to profiles

Re: X CEO Says Platform Should Turn Profit in 2024

#98

Post by almatabata »

Regardless of i might think of elon musk i kind of want him to succeed with X because i would like to see a social media platform make the users pay to fund the service.

If you add this kind of payment to the website you actually make the service less beholden to ad revenue so you do not have to worry as much about their sensibilities. If the subscription fee gets big enough i think the company would become beholden to the users and hopefully serve their needs more than the advertisers (maybe my wishful thinking).

Re: X CEO Says Platform Should Turn Profit in 2024

#99

Post by GaryNumanVevo »

jd3 wrote: post #49

Anecdotally speaking as a long time twitter lurker, the quality of my "For You" feed has dropped precipitously since the Musk acquisition — I am now consistently getting trashy, lowest common denominator shock/click-bait posts about race, iq, social/political violence, hitler, etc. in my feed despite the fact that I do not seek that content out and have only ever used twitter for art/philosophy/literature/tech/scienc…

of course once you incentivize for mass engagement over everything, the site is going to turn into a reddit-like overnight

Re: X CEO Says Platform Should Turn Profit in 2024

#100

Post by GaryNumanVevo »

nonethewiser wrote: post #61
losvedir wrote: post #38

I’m not surprised the comments here are universally skeptical so far, but I’ll chime in that I think it’s plausible. The largest expense by far was compensation and with 10% the previous workforce it dropped dramatically. The question is how much revenue would have fallen. In the HN bubble X is basically over and everyone has moved to Mastodon, but there has been little change in the folks I follow. Are journalists a…

Is it literally 10% or is that figurative?

A recent recruiting email I got from X said their team is 50 people. Maybe that's just engineering, but it's tiny. I noticed they're also hiring random remote devs with barely any experience too.
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