Elon Musk

Two Gun Bob said:
From having a quick glance its primarally aimed at musicians, influencers, actors, brands, politicians and journos.
I dont think $8 is excessive to this target market.
Click to expand...
Until you realise that these are the people who bring the eyeballs to the site. You're asking your main content creators to pay extra for the privilege of posting content that thousands or potentially millions of people want to read. And yes, they don't have to pay it, but then you're back with the problems that the blue tick was brought in to solve in the first place.

There's also this idea that everyone with a blue tick is a rich, successful celebrity. My friend is a freelance journalist working in Vietnam. He has a blue tick, because people will often imitate and harass journalists in order to undermine them. He's certainly not rich, but he's richer than most in that country. For local journalists in developing countries, $8 a month is a lot. And the idea that you then get priority treatment if you buy it is also problematic. What will happen is journalists working for big media outlets will have it paid for them. Small independent journalists will have to pay out of their own pockets. And they'll have to pay, because if they don't, not as many people see their stuff and they can't build up a profile and get jobs. It creates a two-tier Twitter, which is exactly what he's claiming to be against. It's basically a single platform version of removing net neutrality. I'm now not seeing content based on who I follow and its merits, but based on who has paid to promote their stuff.

Blue tick was introduced as a response to a problem. I assume it actually saves Twitter money. In the past, when someone was imitating someone, against Twitter's policy, it would have to be reported, and then investigated by an individual and the account banned (which would no doubt pop up again a few days later). Now the blue tick person has a blue tick, it means they're less likely to give a shit about someone imitating them, because it's easy to see who's who. I'm not privy to the inner workings of Twitter, but I suspect the blue tick system massively reduces the number of reports they get into fake accounts.
 
Continuing on from the post I made yesterday about one of the worlds biggest advertising groups suspending advertising on twitter because they’re so concerned with Musks behaviour -








For “activists” see PR companies who don’t want their brands being advertised between tweets full of the N word and QAnon shit.


He’s bought a company that only makes money off advertising and has threatened to make it the least advertised friendly platform on the planet.

I thought he’d run it badly but i didn’t think we’d see a historic implosion.
 
domalino said:
Continuing on from the post I made yesterday about one of the worlds biggest advertising groups suspending advertising on twitter because they’re so concerned with Musks behaviour -








For “activists” see PR companies who don’t want their brands being advertised between tweets full of the N word and QAnon shit.


He’s bought a company that only makes money off advertising and has threatened to make it the least advertised friendly platform on the planet.

I thought he’d run it badly but i didn’t think we’d see a historic implosion.
Click to expand...


All it needs now is for people to get a life and get rid of twitter
 
Well earlier on 5Live reported he was speaking to a conference of investors in NYC and told them he overpaid big time for Twitter. He says stock value was $14 per share but he was forced to pay $54 per share and he wants out asap.

Why tell that to investors? You are telling them something they probably already know. Telling them you are not as bright as you think you are and telling them what you value the business at so if he wants to sell they will offer $14 per share. He has set $44bn on fire for what?

He also said that he wanted to get it back to profit hence the job cuts - they will see through a cheap trick to temporarily try and make things look better.

Meanwhile advertisers leave - the blue tick thing is due to come in on the 7th Nov according to documents the NYT have seen after which so many will be baling it will look like Arnhem.

www.tomorrowspapers.co.uk

Financial Times Front Page 5th of November 2022 - Tomorrow's Papers Today!

Twitter's new boss, Elon Musk, is set to slash its 7,500-strong workforce, according to the Financial Times.
www.tomorrowspapers.co.uk www.tomorrowspapers.co.uk
 
FogBlueInSanFran said:
Fair point here.

Click to expand...



He's having a meltdown because he's lost so much money, I think he's stopped acting rationally at this point.

Just look at this -




Also I don't think people have realised just how much money he's lost here. Opening Arguments (v. good podcast if anyone wants to listen) just did a deep dive on the acquisition and quite apart from spending $44Bn on twitter, he's lost $100Bn from his net worth because selling off enough Tesla stock to buy twitter has crashed its share price.

If what @bluethrunthru says is true, and he overpaid by $40/share, that means Elon has lost $133 Billion from this acquisition....of a company worth $11B.

Tesla have also issued a liability warning that they think they might get sued by their own shareholders because Musk has tanked the stock price, and has taken on so much debt that he might be forced to sell off billions more in stock to service his loans.


I genuinely think we might be witnessing the beginning of one of the biggest financial collapses in history.

His fucking about with Starlink and Ukraine is likely to end up costing him big time with the US DOD, which is what funds most of SpaceX.

edition.cnn.com

Ukraine suffered a comms outage when 1,300 SpaceX satellite units went offline over funding issues | CNN Politics

Ukraine's fears that its troops  may lose access to Elon Musk's crucial Starlink internet service deepened in the past week after 1,300 of the military's satellite units went offline, according to two sources familiar with the outage.
edition.cnn.com edition.cnn.com


And lets not forget he's just had to recall 30% of all Tesla's ever sold

www.reuters.com

Tesla recalls nearly 1.1 million U.S. vehicles to update window reversing software

Tesla is recalling nearly 1.1 million U.S. vehicles because the window automatic reversal system may not react correctly after detecting an obstruction, increasing the risk of injury.
www.reuters.com www.reuters.com


And the cybertruck, roadster and HGV have still not launched 4 years after being...launched.
 
Last edited:
3e7ce2df9dc696ae8aed7fc8c9afe2e5.jpg
 
Don’t use it or see the point in Twitter but it employs about 500 here in Dublin as far as I’m aware. Half of which woke up and learned whether they’d lost their jobs or not by logging on and seeing if they had access or not to the company site.

Disgraceful way to treat people.

 
mancity2012_eamo said:
Don’t use it or see the point in Twitter but it employs about 500 here in Dublin as far as I’m aware. Half of which woke up and learned whether they’d lost their jobs or not by logging on and seeing if they had access or not to the company site.

Disgraceful way to treat people.

Click to expand...

Lets hope the bastard loses tens of millions in settlements.
 
domalino said:
He's having a meltdown because he's lost so much money, I think he's stopped acting rationally at this point.

Just look at this -
Click to expand...

The tweets from Oliver Darcy seem to indicate that he isn't acting rationally - he also seems to be focussing in on Free Speech in America............ there are just over 330m American citizens - under 78m use twitter. there are nearly 400m Twitter users worldwide. His focus is completely misplaced - he could take Twitter down to say 100m users mostly in the States but that leaves him with a rump of 25% of what he bought. I suspect he is scared - also probably the banks that loaned him the dosh to do this purchase are shitting themselves too. He is unlikely to go bust but its gonna be fun watching a multi-billionaire become a millionaire over the next couple of years
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top