Most of the world's biggest advertisers have stopped buying ads on Elon Musk's X, exclusive new data shows

Tesla is under investigation for lying about range numbers, Twitter sees most advertisers leave and gets hit with disinfo/bigotry lawsuits and also mistreatment of employees, there are rumors of the gov taking a deeper look at spacex’s starlink situation

Nothing of Elon’s is in a great place right now. Tesla has been losing market share after blowing their insane lead in the EV game, Twitter a sinking ship, space x is the only thing that is remotely stable and forward facing but even with that Elon’s pandering to Putin has put that at risk.

Bingo.

That dick bag tried to rinse and repeat the same BS management strategy he used at a car company on a tech company and wouldn't you know, it's cratering right before or eyes.

Shocking.

This absolutely feels like a Hanlon's razor type situation especially given what we have learned about Elon musk over the last 5 or so years. The whole evil genius shtick just doesn't fly anymore. He's an idiot who just happens to have made enough good or lucky business decisions in the past to get him where he is now.

As obscenely wealthy as he is, that wealth comes from bis assets not cash in hand. $20B of the $44B paid was cash, some of which was from selling some of his Tesla shares. Further to that, Tesla stock dropped so significantly it caused his net worth to drop by a further $30B.

It's probably a combination. He considered buying it for reasons including the above. He didn't intend to pay $44 billion or actually buy the company. He didn't intend to ruin it.

That sounds like a "tomorrow" problem for short-term thinking autocratic assholes

Eventually could be a while, and during that time they don't have to worry. Also, without it fully tanking and limping along, many will stay and have stayed. This removes the need for an immediate replacement and hurts the possible success of one as celebrities, companies, artists, etc can and do just stay on Twitter.

I think sabotage was his intent all along

I don't think the exact amount is known, but he got money from a lot of sources and the bulk of it was Elon's own money (or at least, his own assets). He also sourced a lot of money from other American billionaires (Larry Ellison for example).

It's likely the Saudis invested very little... although they did invest enough that Elon has to have given them something in return.

Nobody involved in that purchase expected to make money on it. The price was far too high.

Ya I want some clarification on what he actually fucking paid and what came out of what accounts or if this is all on-paper whoreshit

For a lot of activists and oppressive governments, though, its all about like the short-term. If you get killed because of Twitters current bullshit or you can't be as affective by using it as a digital-bullhorn to maybe effect change in a more peaceful way, its not as relevant to you personally and your persecutor de jour if Mastodon blows up and becomes the actual Next-Twitter

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Isn't $10 the monthly subscription fee or whatever it's called? Maybe they just want to keep that checkmark besides their name.

It's probably baked into their contract that there is a fee or other penalty for canceling. Or maybe an AI just decided $10 was slightly more optimal than 0. Or perhaps the contract period ended minutes after the billing period.

Blue check mark.

This would make sense. His affiliations with state governments, which he plays against each other when looking to set up somewhere, would be reinforced if he could control the conversation. Then there’s China, where he’s the one beholden to the government, and he could offer some control to help shape their international image in return for just access to cheap labour and an export market, or to the Saudis where he can always find more funds.

Why would they "take it down" when anyone with even a modicum of business knowledge would assume a better replacement would be created and take it's place. This making the next version of Twitter even harder to control.

Taking it over and controlling the content on it is/was the smart play, especially if you're going to fork over the $ to buy it outright.

Stop trying to justify Elon's shit business decisions. He can just be a fucking moron that got lucky with a few strategic purchases.

if the goal is to collapse the business they would have done it a lot faster

This

Permanently Deleted

I wonder if they made the same arrangement with him to get him to ruin electric cars - and then were surprised when people kept buying Teslas anyway.

interested in building a great big echo chamber for his own twisted ideas.

Then he should've, y'know...built one, instead of buying one that was already built and destroying it.

Then again I've never been on Twitter, so I can just sit back and snack on the popcorn with Michael on this one.

This seems like the most plausible reply I got, but lkke you said, nothing has happened on that front yet

Yeah, I have no trust in Musk or X. I'm just trying to understand the actual circumstances. Just because I want X to fail and Musk to go bankrupt, doesn't mean I should uncritically examine headlines that conform to my hopes and expectations.

Edit: So the full story is the major advertising conglomerate is all but calling X and Musk liars. Delicious.

Perfect, thank you.