Elon Musk

bluethrunthru said:
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
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I suspect the banks know what they are doing.

Twitter is just a big snapchat. They probably want him to fail and then they get to make a power play for the innovative parts of his empire.

Tesla and Spacex will still be around in 25 years. Twitter will go the way of MSN and Blackberry.
 
bluethrunthru said:
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
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He was speaking at Ron Baron’s conference. One of Tesla’s early champions and biggest shareholders (and I think still are, and I think it was Baron’s largest position too). I assume he’s trying to be “honest” and ensure folks (including Ron) that while this may be painful for him, it won’t be a distraction because he’ll “fix it quick”.

Incidentally at one point in time (though not now) Baron was the largest public holder of ticker MANU (one guess . . . )
 
bluethrunthru said:
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
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Mr Kobayashi said:
I suspect the banks know what they are doing.

Twitter is just a big snapchat. They probably want him to fail and then they get to make a power play for the innovative parts of his empire.

Tesla and Spacex will still be around in 25 years. Twitter will go the way of MSN and Blackberry.
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The banks have all reportedly held onto the loans themselves instead of repackaging them and selling them on because it's all secured against Tesla stock, so if twitter can't cover the interest or it goes tits up entirely, they'll cash in.
 
Mr Kobayashi said:
Directly from settlements?

If it is linked to stock entitlement agreements that he has reneged on, possibly.

Average of at least $333, 333 each if it is over two billion.
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Yeah but there are the aforementioned recalls on cars etc which all factors into his losses - beginning to look like Rourkes Drift lol.

Also the EU have already said the bird flies but under their rules. If he breeches EU employment laws he could be over a barrel there too - if the block Twitter in the EU imagine the impact on advertisers there - losing access to the biggest trading bloc
 
domalino said:
The banks have all reportedly held onto the loans themselves instead of repackaging them and selling them on because it's all secured against Tesla stock, so if twitter can't cover the interest or it goes tits up entirely, they'll cash in.
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No doubt why he appears to be shitting himself - instead of expanding his empire it could be he is forced to hand stuff over if it goes tits up. I am sure like any average old megalomaniac failure never crossed his mind
 
9 minutes ago received a Facebook post from a friend who is a relative of a certain person in the news who Musk may have brought up recently: “Happy Friday, Elon Musk. Go fuck yourself.” This article was attached.

www.nytimes.com

Twitter’s Advertisers Pull Back as Layoffs Sweep Through Company

Elon Musk, Twitter’s new owner, acknowledged that ad spending on the platform had slumped. He blamed the drop on pressure from activists.
www.nytimes.com www.nytimes.com
 
Although I think he's made a mistake with the purchase, the response is the same as always in these cases; They want mentions for the product. In most cases, bad publicity is just free publicity. People discuss it and media cover it. The logo and name is everywhere. Even I've spent more time on it in the last week.
 
Bill Walker said:
You could have an alias like Big Dave the sex machine.
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As someone who hates celebrities, mums that are looking at their phones instead of the child in the pram, the Sky model of broadcasting sport,
Reality tv, soap operas, fake fuckers, two faced fuckers and sad bastards that haven't got a life outside of social media. No I'm not Big Dave the sex machine, 2 reasons why not, one is I'm not called Dave......
 
I'm With Stupid said:
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.
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Agree.

Although not directly but for reference, it's not an anabler of free speech, it's a deterrent;

Stamp Act 1712 - Wikipedia

en.wikipedia.org en.wikipedia.org
 
SWP's back said:
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The term activist here is telling. There are no activists, just normal people who dislike the right wing shithouse world view. Big corps get it and pay good marketing money to ensure they are not associated with it. If Musk fills twitter with right wing BS then the add revenue will fall off the cliff. Nothing to do with 'activists' but that is the way right wingers all frame up normal people opposing the BS.
 
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