Elon Musk buys a big chunk of Twitter
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wrote on 18 Oct 2023, 02:07 last edited by
I like that this bold experiment is being conducted to control/limit the boys. Think Facebook/Instagram or maybe even LinkedIn will follow?
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Yes but it's a pilot. I assume they'll roll this out. It won't stop ads but it will greatly limit bots. I'd pay without thinking.
I was always supportive of the idea that sending an email would cost 1 penny or whatever. Trivially unnoticeable by actual humans, catastrophic for spammers.
wrote on 18 Nov 2023, 02:03 last edited by@jon-nyc said in Elon Musk buys a big chunk of Twitter:
Yes but it's a pilot. I assume they'll roll this out. It won't stop ads but it will greatly limit bots. I'd pay without thinking.
I was always supportive of the idea that sending an email would cost 1 penny or whatever. Trivially unnoticeable by actual humans, catastrophic for spammers.
Make it like what the telephone used to cost: free within an organization (free PBX calls) but costs money to send email across organizations.
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wrote on 18 Nov 2023, 02:05 last edited by
https://www.nytimes.com/2023/11/17/technology/elon-musk-twitter-x-advertisers.html
Advertisers flee X/Twitter again, this time because Elon allegedly endorsed an antisemitic x/tweet.
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wrote on 20 Aug 2024, 13:32 last edited by
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wrote on 20 Aug 2024, 13:33 last edited by
(I think he really means ‘since the Obama Depression’)
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wrote on 20 Aug 2024, 14:44 last edited by
`https://www.businessinsider.com/elon-musks-x-sued-120-million-worth-of-server-parts-2024-8?op=1
Elon Musk's X is facing yet another possible legal battle, this time over $120 million worth of unpaid IT bills.
Taiwanese tech firm Wiwynn is suing the social media giant formerly known as Twitter for $61 million over claims it refused to pay for around $120 million in server parts after Musk took over in 2022.
and
In addition to the Wiwynn lawsuit, Musk is facing lawsuits from several former Twitter executives, including former CEO Parag Agrawal, over $128 million in unpaid severance.
X is also being sued by former Twitter chairman Omid Kordestani over $20 million worth of shares and other ex-Twitter staff over unpaid bonuses, with the growing number of legal fights unlikely to help the company's reportedly sagging revenues.
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wrote on 20 Aug 2024, 16:30 last edited by
@jon-nyc said in Elon Musk buys a big chunk of Twitter:
(I think he really means ‘since the Obama Depression’)
Works for me.
"Own the language", the Demonrats said.
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wrote on 30 Aug 2024, 02:10 last edited by
https://futurism.com/mistake-elon-musk-begged-twitter-staff-turn-off-new-feature
In late 2022, long before multi-hyphenate billionaire Elon Musk renamed Twitter to X, rumors swirled that he was getting ready to shake up the platform's verification system.
His proposal: charge each subscriber for the privilege of being verified without ever doing the homework of actually verifying their identity — a short-sighted and ultimately disastrous decision that Musk reportedly regretted almost immediately.
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The 2022 US midterm elections took place on November 8, a day before Musk started charging users for a blue checkmark.
When the switch was made, all hell broke loose, with countless newly verified accounts masquerading as politicians, celebrities, and companies. One account parading as Nintendo shared a viral image of Super Mario giving the finger.
Advertisers, who had gotten wind of the mayhem, started reaching out to Twitter's sales teams, threatening to pull their ads. According to Mac and Conger's sources, Nike executives threatened to never advertise on the platform again.
And Musk was terrified of the prospect of losing hundreds of millions of dollars in advertising revenue.
"Turn it off," he reportedly told an engineer. "Turn it off!"
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wrote on 30 Aug 2024, 11:29 last edited by
To his credit, he changed his mind after realizing it was a mistake.
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wrote on 30 Aug 2024, 11:38 last edited by
Good thing nothing really important happens on Twitter; it’s not like he was messing with the nation’s critical infrastructures like, banking, utilities, or transportation.
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Good thing nothing really important happens on Twitter; it’s not like he was messing with the nation’s critical infrastructures like, banking, utilities, or transportation.
wrote on 30 Aug 2024, 11:39 last edited by@Axtremus said in Elon Musk buys a big chunk of Twitter:
Good thing nothing really important happens on Twitter
Is there a social media platform on which something important does happen?
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wrote on 30 Aug 2024, 11:53 last edited by
@George-K said in Elon Musk buys a big chunk of Twitter:
To his credit, he changed his mind after realizing it was a mistake.
Yes but his best lawyers couldn’t get him out of the contract so he had to buy the company after all.
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wrote on 3 Sept 2024, 09:54 last edited by
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wrote on 6 Sept 2024, 01:33 last edited by
https://mashable.com/article/elon-musk-x-more-advertisers-pull-back-in-2025
As Elon Musk struggled to rebuild X's ability to generate revenue, the site suffered a mass advertiser exodus late last year, and at least some of those departures were evidently due to pro-nazi content. A few months later, Musk told advertisers "go fuck yourself."
And this was all right before Musk shared that the former Twitter's revenue was already down by 60 percent from before his acquisition.
It looks like 2025 isn't going to be any better for X. A new report from UK market research firm Kantar found that 26 percent of marketers are planning to reduce their ad spend on Musk's platform next year.
According to Kantar's research, this was the "biggest recorded pullback" from any of the major global advertising platforms. -
https://mashable.com/article/elon-musk-x-more-advertisers-pull-back-in-2025
As Elon Musk struggled to rebuild X's ability to generate revenue, the site suffered a mass advertiser exodus late last year, and at least some of those departures were evidently due to pro-nazi content. A few months later, Musk told advertisers "go fuck yourself."
And this was all right before Musk shared that the former Twitter's revenue was already down by 60 percent from before his acquisition.
It looks like 2025 isn't going to be any better for X. A new report from UK market research firm Kantar found that 26 percent of marketers are planning to reduce their ad spend on Musk's platform next year.
According to Kantar's research, this was the "biggest recorded pullback" from any of the major global advertising platforms.wrote on 6 Sept 2024, 01:36 last edited by@taiwan_girl said in Elon Musk buys a big chunk of Twitter:
https://mashable.com/article/elon-musk-x-more-advertisers-pull-back-in-2025
As Elon Musk struggled to rebuild X's ability to generate revenue, the site suffered a mass advertiser exodus late last year, and at least some of those departures were evidently due to pro-nazi content. A few months later, Musk told advertisers "go fuck yourself."
And this was all right before Musk shared that the former Twitter's revenue was already down by 60 percent from before his acquisition.
It looks like 2025 isn't going to be any better for X. A new report from UK market research firm Kantar found that 26 percent of marketers are planning to reduce their ad spend on Musk's platform next year.
According to Kantar's research, this was the "biggest recorded pullback" from any of the major global advertising platforms.Didn't he sue some companies a while back for not advertising on X?
Because obviously that's going to bring them running back!
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wrote on 24 Sept 2024, 12:21 last edited by
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wrote on 24 Sept 2024, 13:30 last edited by
That data doesn't necessarily mean anything.
It doesn't include people using the X app.
It doesn't account for potential bot purges.
SimilarWeb does not have access to the actual data. They need to estimate it from various other data points, and that estimation can easily be off by a factor of 2.
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wrote on 2 Oct 2024, 14:42 last edited by
Fidelity has written 80% of the value off of its investment in X.
https://techcrunch.com/2024/09/29/fidelity-has-cut-xs-value-by-79-since-musk-purchase/
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wrote on 2 Oct 2024, 14:48 last edited by
Has their user base really taken that much of a hit? Or maybe Fidelity is taking advantage of the illiquid private equity markets, which have recently tanked as per a story linked to here yesterday, for an advantageous tax write off.
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wrote on 2 Oct 2024, 14:55 last edited by jon-nyc 10 Feb 2024, 14:56
They’d need a valuation model that would survive an audit. I doubt they’re fucking with it. Doesn’t mean their model is perfect. Hard to imagine how to value it, it has meme stock potential and you can’t very well model that.
