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Elon Musk owns Twitter: The story so far

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Re: Elon Musk owns Twitter: The story so far

#901
post #412

The immediate change Elon should make is to remove the high-pressure “login/open in app” stuff… it’s ironic that I can’t even read his tweets (without being logged in, at least)

Just click login and then click the X in the top left corner to dismiss the modal.

Re: Elon Musk owns Twitter: The story so far

#902
post #666

Based on an interview I saw I suspect Musk will strive to make Twitter a platform for user-to-user messaging and payment services. Community moderation without banning might be possible by establishing "spheres" akin to reddit boards so things people see is to some degree curated.

You mean a crappier version of Discord? Whatever Twitter "reinvents" itself into, it needs to be in a social-networking niche that's not already served. Otherwise, their competitors will just have an edge-up on them. Video games? Twitch will beat them. Longer form videos? Youtube. Short form videos? Tiktok. Etc. etc. Twitter needs to figure out how to make money without simply becoming a clone of something else. Othe…

The impression I got is he wants it to be everything. One app to rule them all so to say.

Re: Elon Musk owns Twitter: The story so far

#903
I will say this; I've been really disappointed with the journalism coming out about this - especially TechCrunch. There was an article yesterday [1] that read like a high-schooler writing about their favourite popstar getting dumped.

Twitter is a cesspool of bots, ads & angry slacktivists - simply too much noise to be usable (I left months ago). IMO - Musk could actually be a really good thing for it, I've definitely thought about opening an account again.

[1] https://techcrunch.com/2022/10/28/eu-schools-elon-twitter-wi...

Re: Elon Musk owns Twitter: The story so far

#904

In 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…

One of his challenges will be to pay $1.2B in interest payments every year while also making good on the principal. That's quite a bit of debt for a struggling financial situation. Cutting HC will help in the short term; it is unclear if those cuts will be well executed. HN opinion that twitter could run with 200 engineers is woefully naive for a massive company that is under FTC consent order - they probably have >2…

The bankers aren’t naive, they modeled this out. Sure it could go bad and I wonder if Elon PG’ed (personal guarantee) the debt, but you don’t underwrite your a default out of the gate. It’s one of the worst faux pas of debt capital markets.

Re: Elon Musk owns Twitter: The story so far

#905
post #858

Earlier quoted context omitted.

One of his challenges will be to pay $1.2B in interest payments every year while also making good on the principal. That's quite a bit of debt for a struggling financial situation. Cutting HC will help in the short term; it is unclear if those cuts will be well executed. HN opinion that twitter could run with 200 engineers is woefully naive for a massive company that is under FTC consent order - they probably have >2…

He’s owned by bankers now. Totally.

The covenants on a low leverage transaction are likely highly limited: a)make interest payments, b) make principal payments, c) don’t make illegal dividends, d) don’t cross certain covenants such as EV/EBITDA, fixed charge coverage ratio, or similar, and e) get an audit every year and submit financials to the banks every 90 days.

Not exactly onerous since they were a public company before.

Re: Elon Musk owns Twitter: The story so far

#906

I will say this; I've been really disappointed with the journalism coming out about this - especially TechCrunch. There was an article yesterday [1] that read like a high-schooler writing about their favourite popstar getting dumped. Twitter is a cesspool of bots, ads & angry slacktivists - simply too much noise to be usable (I left months ago). IMO - Musk could actually be a really good thing for it, I've definitely…

How could he be a good thing for it, when he's been completely unserious about it from the beginning? Remember he wanted to get out of the deal he signed off, and he said everything and its opposite about twitter. Nobody knows his plans for twitter not because he's kept them secret, but because he doesn't have any. This is a pure vanity project for him, and completely out of his area of expertise.

And as a twitterer, he's been an active part of the low-information cesspool.

Re: Elon Musk owns Twitter: The story so far

#907

In 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…

> cutting a large amount of staff I wonder if he needs to do this. Maybe I've just been working for tech companies in the Bay Area too long. But I don't want to work for a company where I don't have equity that I can cash out. And now all those engineers are working for a company where equity doesn't exist? An exception could be a Netflix model where you make a buttload of money. But Twitter isn't that.

Facebook has 50% profit margins. Why can’t twitter do that? They both sell ads.

Re: Elon Musk owns Twitter: The story so far

#909
post #906

I will say this; I've been really disappointed with the journalism coming out about this - especially TechCrunch. There was an article yesterday [1] that read like a high-schooler writing about their favourite popstar getting dumped. Twitter is a cesspool of bots, ads & angry slacktivists - simply too much noise to be usable (I left months ago). IMO - Musk could actually be a really good thing for it, I've definitely…

How could he be a good thing for it, when he's been completely unserious about it from the beginning? Remember he wanted to get out of the deal he signed off, and he said everything and its opposite about twitter. Nobody knows his plans for twitter not because he's kept them secret, but because he doesn't have any. This is a pure vanity project for him, and completely out of his area of expertise. And as a twitterer,…

> Remember he wanted to get out of the deal he signed off

Because the value dropped precipitously (along with everything else in the market). Trying to back out under whatever guise possible is pretty expected.

Re: Elon Musk owns Twitter: The story so far

#910
post #297
post #31

Earlier quoted context omitted.

I hope ads will die some day. To me they are just annoying and very rarely informative.

Clearly they generate revenue, though. What's your proposal for how Twitter makes money? Just double-down on the harvesting of personal information instead?

Personal info harvesting is at the core of most ad based businesses. Like Google of FB. I’d help people sell things. Like be a platform to sell books, nudes, news etc.
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