Elon Musk buys a big chunk of Twitter

[Aqua Letifer]

@Horace said in Elon Musk buys a big chunk of Twitter:

Really sad to see how tribal he’s become. Fox News captures another ideological prisoner.

Yeah, but Carlson was never that great to begin with.

[Doctor Phibes]

@George-K said in Elon Musk buys a big chunk of Twitter:

@Renauda said in Elon Musk buys a big chunk of Twitter:

Some wicked witch turned Phibes into a Trump like troll!

No shit! Look at his avatar!

That's not Tucker, it's his twin brother, Magnus. He's so amazing. And really, really smart. Like a stable genius. He cleans out the horses so well, like really really well.

[Axtremus]

What else is broken at Twitter?

https://www.propublica.org/article/politwoops-deleted-tweets-twitter-politicians-musk

Politicians haven’t stopped deleting some of their most cringeworthy tweets, but Politwoops, our project that has tracked and archived more than half a million deleted tweets from candidates and elected officials since 2012, is no longer able to track them.

Since Elon Musk took over Twitter, the platform has disabled the function we used to track deletions — and the new method that Twitter says should identify them appears to be broken. We have been unable to find anyone who can help us, and with Twitter surprising developers by announcing a move to a paid model for gathering tweet data, it’s no longer clear that Twitter is a stable platform on which to maintain this work. ...

[Axtremus]

Another round of job cuts at Twitter:

https://www.reuters.com/technology/twitter-lays-off-least-50-relentless-cost-cuts-information-2023-02-26/

"At least 50" people were let go this time.

[Axtremus]

Yet another Twitter outage:

https://arstechnica.com/tech-policy/2023/03/after-musks-mass-layoffs-one-engineers-mistake-broke-the-twitter-api/

"... the sixth major outage since January 23." ...

[Aqua Letifer]

Ax, are you on Twitter? How do you use it?

[Doctor Phibes]

@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:

Ax, are you on Twitter? How do you use it?

This is me:

This is me on Twitter:

[Axtremus]

https://www.thestreet.com/technology/elon-musk-suffers-a-huge-loss

Elon Musk now values Twitter at $20 Billion.
(Any one willing to buy Twitter at $20 Billion?)
Musk also says he sees a path to $250 Billion valuation years from now.

[Doctor Phibes]

@Axtremus said in Elon Musk buys a big chunk of Twitter:

Musk also says he sees a path to $250 Billion valuation years from now.

Presumably that path doesn't involve him selling it to somebody who knows what they're doing?

[taiwan_girl]

Twitter no long exists as a company. It has been absorbed by X Corp.

https://arstechnica.com/tech-policy/2023/04/twitter-no-longer-exists-as-a-company-merges-into-musks-x-corp/

[Axtremus]

https://www.cnn.com/2023/04/12/tech/elon-musk-bbc-interview-twitter-intl-hnk/index.html

80% cut in staff headcount
Musk claims (what's formerly known as) Twitter is now "breaking even" and advertisers are coming back.

[George K]

@Axtremus said in Elon Musk buys a big chunk of Twitter:

80% cut in staff headcount
Musk claims (what's formerly known as) Twitter is now "breaking even" and advertisers are coming back.

One has to wonder...from and end-user standpoint Twitter is little-changed from what it was a year ago.

Yea, there have been changes as to policy, procedures, etc. Changes in "blue checks" and all that other crap have occurred. But, my experience is not very different from it was a year ago.

So, one has to wonder, what were those 80% doing? Were they doing computer preventive maintenance? Were they "innovating?" The platform seems to be just fine.

[Axtremus]

Musk's BBC interview.

Elon Musk tells BBC that owning Twitter has been quite painful
https://www.bbc.co.uk/news/business-65248196

[George K]

BBC: "Hateful content is on the rise."

Musk: "Give me one example."

BBC: ........

[George K]

Isn't it interesting that in their story, the Beeb choses not to quote Musk when he says the reporter journalist mouthpiece can't back up his claim?

[Doctor Phibes]

That was pretty embarrassing. Looking at Debra Faushay's Twitter, she actually wasn't being sarcastic

[Jolly]

If Musk can make Twitter profitable (he said when took over, they were about 90 days from going bust) what does that say about his business skills? Secondly, if he can show a good set of books, does he sell Twitter?

[Axtremus]

https://www.vice.com/en/article/m7beya/elon-musk-twitter-blue-verification

… Rather than being a much sought-after status symbol and revenue driver, the new blue check is being seen more like a scarlet letter, and Musk spent the weekend personally giving them to famous people who were forced to loudly clarify that they don’t want them. …

[Axtremus]

@Jolly said in Elon Musk buys a big chunk of Twitter:

If Musk can make Twitter profitable (he said when took over, they were about 90 days from going bust) what does that say about his business skills?

Being profitable is usually better than otherwise, just not always. An enterprise going from $1 Billion revenue with $10 Million loss to $10 revenue with 10¢ profit has also turned profitable, though some people may not be all that impressed by the CEO who transformed the enterprise with that trajectory.

That said, if I were a Twitter stockholder not long before Musk announced his takeover bid, I would likely be very happy because it might take a very long time (if ever) for Twitter’s valuation as a public company to rise to Musk’s offer.

[Axtremus]

https://www.foxnews.com/media/liberal-celebs-journalists-furious-musk-gave-them-blue-check-back-without-my-consent

Fox News: Liberal celebs, journalists furious that Musk gave them their blue check back: 'Without my consent'

The Twitter Blue Check as a status symbol, now the status of a pariah.