Elon Musk admits X 'may fail, as so many have predicted'
Elon Musk admits X 'may fail, as so many have predicted'
Elon Musk said Saturday "sad truth is that there are no great 'social networks' right now."
Sure it's his money but does anyone else feel legitimately frustrated at all the good that this money could have done?
Rich dudes have always had vanity projects, but there is no grand concert hall or library or university to come out of this. Just a ruined company with millions of wasted hours of effort. For nothing.
So with wildfires in Canada there's evacuation zones near me, but I can't click on some announcement links from the main site that shows the evacuation zones because they go to twitter and you need to log in now. I think they show some on other pages on the site but they do the quicklink to the twitter announcement in the sidebar so you have to click around a bit to get to it. Yes I know the name but whatever. My point being is when the social media site that was meant for short bits of info isn't good for emergency notifications where everyone can read, it's shitty and potentially harmful.
Good, shut it down. Time to end Twitter.
I have a feeling that that was the plan from the beginning.
The elite don't like seeing common people have an open forum where they can all talk about how terrible their lives are, that their terrible lives are caused by the elite and that the common people should figure out what to do about it all.
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the guy didn't even want twitter. the whole thing is depressing.
And somehow it’ll be the “woke mind virus’s” fault. There will be no self reflection at all.
I wouldn't be surprised this is him urging his cult to buy monthly subscriptions. If we see higher tier subscription be introduced one of these days, that would be the reason for this fear mongering. That said, it's awesome that he's getting a reality check. You can be surrounded by as many yes-men as you want but people en masse don't care and even if they do, they love seeing rich people humbled. No one misses a good shitstorm.
Oh no! Anyway.
🍌We're all trying to find the guy who did this
Space Karen destroys Twitter.
"Man internationally, violently and repeatedly stabbing victim in the face now warns that victim may die of facial stab wounds."
In May Fidelity wrote down the value of its stake in the company then still known as Twitter, giving it a value of about $15 billion – or just a third of what Musk paid, The Wall Street Journal Reported.
I think even that was not realistic, and back in May things were not as bad yet as they are now at "The thing formerly known as Twitter". I doubt anyone would buy it at even half that now. Musk added a debt of $20 billion, that's about what it was worth at the time Musk bought it.
With that debt, the company became basically worth Zero. Even at the estimate when Musk bought it.
If the $20 billion debt was somehow removed, it would still be worth less than $10 billion. Meaning that its current actual worth is probably below negative $10 billion! Meaning the only value is the tax value of the deficit. And no creditors get paid. It's basically already bankrupt, unless someone pumps in more money, and I'm not seeing that happening with a company as bad as "The thing formerly known as Twitter".
Seems like the only way forward now, is bankruptcy and maybe reconstruction after selling the company without the debt for peanuts.
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Stage 5: Acceptance
Man who bet billions that Twitter would fail is upset that it hasn't already.
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Regular effing Nostradamus
"I've been drilling holes in the bottom of my boat to shed weight, but now I'm having trouble keeping it afloat and there's nothing I can do about it!"
I think he probably would have made it work. The death knoll was certainly changing the name to X.
moving the goalpost. twitter was originally developed to be a "news service" not a "social network"
Do a flip!
This is the best summary I could come up with:
Meta launched its X rival called Threads on July 5 and quickly amassed more than 100 million signups, Time magazine reported, citing data from Sensor Tower.
Musk's efforts to purge the platform of bots and turn it into a "super-app" don't yet appear to be working.
Activist Monica Lewinsky urged him and CEO Linda Yaccarino to "rethink" the move.
as an anti-bullying activist (and target of harassment) i can assure you it’s a critical tool to keep people safe online.- that woman
as an anti-bullying activist (and target of harassment) i can assure you it's a critical tool to keep people safe online.
In May Fidelity wrote down the value of its stake in the company then still known as Twitter, giving it a value of about $15 billion – or just a third of what Musk paid, The Wall Street Journal Reported.X didn't immediately respond to a request for comment from Insider, made outside normal working hours.
The original article contains 326 words, the summary contains 158 words. Saved 52%. I'm a bot and I'm open source!
I sense a new dictionary definition of self-fulfilling prophecy coming up....
Gee...who could have guessed?...
How long does it take to roll some video akin to tiktok and snapchat into it? Weed out all the bots at the same time by demanding fotoID and root out all the dirtbags abusing the app at the same time. Texting and chatting is so last decade anyway just leave it as a remnant of its birdie roots.
If it fails Meta will likely have to be broken up, their monopoly on social media is outrageous these days.
Dying is the entire point of it. If it dies, it becomes infinitely more difficult for the authorities to subpoena tweet histories of certain orange pieces of shit and his cronies.
It doesn't stop them from getting that history, of course.
But the legal rigamarole of trying to get tweet history from a company that technically doesn't exist anymore (It's X, not twitter), and later on no longer even functions (servers shut down), might just delay things long enough to make a difference in the upcoming shit-show.
'Many of you may die, but it is the sacrifice I'm willing to make.'
if it dies, will he have to pay the debts ?
Of course X may fail. It's not Twitter.
I said this in another post, but I think it bears repeating:
Musk, whether he was paid to do this or not, is acting purposefully. This is all a grand scheme to fully dismantle what was once our global town square. Twitter was once a place where “the people” could hold politicians, corporations, and the generally wealthy accountable for their actions publicly. In the past year, the platform has become unsteady, blue checks are untrustworthy, and even the name has changed to something that causes one to pause.
I dislike the man as much as the next normal person, but all of this nonsense has been planned from the start. He’s not a complete idiot. These actions have been calculated steps to take away the voice of the people and eliminate a single source of truth as things get worse and worse.