Which begs the question why anyone would want to spend so much capital and effort on taking over an unprofitable company like this? For influence? Let's see how he manages.
Elon Musk and Twitter
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Romantic Cambodia is dead and gone. It's with McKinley in the grave.
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Twitter is now the greatest shitshow online thanks to one billionaires inflated sense of worth. Tremendous job of alienating his left-wing customer base at Tesla as he obviously does not fully understand the gravitas of one blunder after another as Twitter is now financially tied to Tesla. Tesla stock was like $924 a couple weeks ago($308 split adjusted/Oct 21) and hit $561 ($187adj) earlier in todays trading session.
Freedom is not a state. It is an act. It is not some enchanted garden perched high on a distant plateau.. Freedom is a continuous action we all must take, and each generation must do its part to create an even more fair, more just society.-John Lewis
Exactly. In layman terms, he bought a lemon.Lucky Lucan wrote: ↑Tue Nov 08, 2022 11:46 pmWhich begs the question why anyone would want to spend so much capital and effort on taking over an unprofitable company like this? For influence? Let's see how he manages.
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How can it be so unprofitable? Surely they must have loads of consumer data to sell and with so many users they should be bringing in big advertising bucks.
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ផោមក្លិនស្អុយ wrote: ↑Wed Nov 09, 2022 3:21 pmHow can it be so unprofitable? Surely they must have loads of consumer data to sell and with so many users they should be bringing in big advertising bucks.
Twitter has been unprofitable since being taken public. Their revenue is 85% funded by pre-paid advertisers who have fled due to Musk and his unhinged tweets. He failed to do any serious due dilligance prior to (over) paying 44 Billion for Twitter. The cost of the acquisition(over a billion) is now debt on Twitters books which is bleeding like a stuck pig (to the point Musk has been dumping Tesla shares to cover this, sending Tesla shares on a downward trajectory.) They are losings users big time. Big difference between users and usage. His big genius vision is to make Twitter a subscription service? I just wish he had bought Facebook instead.
Freedom is not a state. It is an act. It is not some enchanted garden perched high on a distant plateau.. Freedom is a continuous action we all must take, and each generation must do its part to create an even more fair, more just society.-John Lewis
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Hate to defend the massive bellend, but I strongly suspect that report of him stack ranking and firing by lines of code is bullshit.
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Everything running smoothly today for the Mollusk.
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Freedom is not a state. It is an act. It is not some enchanted garden perched high on a distant plateau.. Freedom is a continuous action we all must take, and each generation must do its part to create an even more fair, more just society.-John Lewis
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Somebody got there $8 worth.
Freedom is not a state. It is an act. It is not some enchanted garden perched high on a distant plateau.. Freedom is a continuous action we all must take, and each generation must do its part to create an even more fair, more just society.-John Lewis
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Good thing Elon took Twitter private as the value now is much less than 2 weeks ago.
Freedom is not a state. It is an act. It is not some enchanted garden perched high on a distant plateau.. Freedom is a continuous action we all must take, and each generation must do its part to create an even more fair, more just society.-John Lewis
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More from Nov.10 a day that will in whatever the opposite of infamy is.
Freedom is not a state. It is an act. It is not some enchanted garden perched high on a distant plateau.. Freedom is a continuous action we all must take, and each generation must do its part to create an even more fair, more just society.-John Lewis
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My money is still on a head of lettuce.
Freedom is not a state. It is an act. It is not some enchanted garden perched high on a distant plateau.. Freedom is a continuous action we all must take, and each generation must do its part to create an even more fair, more just society.-John Lewis
Alternatively he could hire a few dozens Alexandra-like profiles and sort all relevant issues in 3 months, for under 5% of the previous bloated total comp package. My money is on that scenario.
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Having seen some of the things that have come out since then, I retract my previous comment. Musk is clearly trying to destroy Twitter in a fit of pique because they made him feel bad one time, and is doing it with a series of blatantly shit decisions.nerdlinger wrote: ↑Thu Nov 10, 2022 3:47 amHate to defend the massive bellend, but I strongly suspect that report of him stack ranking and firing by lines of code is bullshit.
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