- cross-posted to:
- technology@lemmy.zip
- cross-posted to:
- technology@lemmy.zip
You must log in or register to comment.
“Barely breaking even” and yet he keeps getting richer.
No you’re not
Twitter broke barely even
You paid twice it’s worth and then within 2 years got it to only 20% of its value, pushing away all power users and advertisers.
You’re bleeding money like there is no tomorrow and you’ll still be bankrupt or jailed soon enough. If not during Trump’s presidency, then most certainly after it
Bullshit. No way does Twitter make anywhere near a profit, and that’s NOT taking into account the payments on 44Bn.
- Claims in an interview that he is qualified to handle a social media company on the internet because he has “put internet in space”
- Buys a financially struggling company for way too much money
- Dismantles everything that made it attractive
- Insults and fires the most competent employees who are trying to stop him from destroying the platform
- Doesn’t pay the employees he fired owed severance, further discouraging the best of the workforce from ever applying to work there
- Turned it into something so repulsive and toxic that the users and advertisers start to leave
- Told the advertisers to “go fuck themselves”
- Tried to sue the advertisers into returning, further discouraging any new advertiser from ever doing business with him
- Destroys the brand recognition by renaming it to a letter of the alphabet he personally likes but nobody else gives a crap about
- Abuses his admin powers to steal a handle with the name he wanted from its owner, further eroding the user’s trust in him handling the platform
- Continues ruining the platform, turning it into his personal soap box to push his (toxic) ideas and abuses his powers to reduce the visibility of those he doesn’t like while claiming to be radically pro-free speech.
- Alternative platforms have gained momentum and have reached critical mass and will soon become the new default platform people will flock to. High profile users leave.
- Whines and bitches about the company not making any money.
Hey guys, I’m starting to think that this guy’s fortune has absolutely nothing to do with his skills at running a business
Destroys the brand recognition by renaming it to a letter of the alphabet he personally likes but nobody else gives a crap about
I’m beginning to suspect he only likes that letter because it’s the middle part of a swastika.
Hey, it’s not just that! It’s also decimal 88 in the ASCII table.
🫣I see!
Elon uses X as ASCII 88 and Proton CEO uses 1011000 as binary ASCII
What about all these Nazi people everywhere suddenly?!
In pretty sure Andy is born in 1988 to be fair
Oh, I see
Oh shit. I didn’t think of that. That’s probably why.
Let’s call it a musktika
Hey guys, I’m starting to think that this guy’s fortune has absolutely nothing to do with his skills at running a business
Great summary btw. and you are absolutely right here. He is a terrible manager.
Remember the time when he slept at the Tesla factory just because he didn’t trust anybody and thought he himself must rescue it all by working so much overtime and make all the decisions.
He is a terrible manager.
I still can’t get over how Musk told computer programmers to print out hardcopies of all their source changes, and then fly to Musk’s city to show him the hardcopy. That alone proves Musk is the dumbest CEO of all time.
Probably because his wife kicked him out for being an asshole.
You forgot the part where couchefucker Vance threatened Europe to pull out of NATO if Europe wouldn’t stop suing and leaving twatter
That paragraph above would normally be so bizarre that it wouldn’t even make it to TV for being too… Out there… But this is the timeline we’re in now, this is the new normal
Did you include the whole ‘verified’ tag fiasco in your list? I didn’t see it explicitly in there, but maybe it falls under a general functionality fuck-up point.
What was the username he stole? Don’t remember that one
Also, don’t forget the disastrous rollout of the blue checks when a few people imitated companies and said Lockheed wouldn’t be doing business with Israel and a few others. But I guess that was the best thing he did, honestly, because that shit was hilarious.
I believe he took user name ‘x’ because he wanted it.
After Twitter already not being profitable. Add all the loss of marketing from businesses and users leaving, then the cost of all the bots and lawsuits.
How come it is “barely breaking even”? Who is paying them? Fascists?
He’s laundering money through it most likely
I would be shocked if the company was actually breaking even.
I think he’s sugar-coating it because their bonds are about to go up for sale. From the article:
While equity investors have reportedly slashed the value of their stakes by as much as 78 percent, the Journal reports, “banks hope to sell senior debt at 90-95 cents on the dollar, while retaining more-junior holdings.”
If they were breaking even, the bonds wouldn’t be getting sold at a loss. Keep in mind, the bond holders get paid before the stock holding investors, so if they’re taking a loss, the equity investors are getting nothing (hence the 78 percent cut, basically their share is only worth the odds of a miraculous turnaround). That doesn’t happen with a company unless it’s losing money.
At absolute best it’s breaking even before debt service.
Maybe he’s still not just paying rent on some buildings and miraculously hasn’t been kicked out yet
hm, someone told me it was so easy to cut wasteful spending.
Go fash; lose cash.
At this point if you’re still working there knowingly building a powerful fascist gathering platform after so much time available to leave, taking dirty Nazi money as payment for your services…
I dunno man… should I feel bad for the staff, or are the remaining staff complicit enough at this point?
Feel bad for the poor bastards stuck there on visas. Feel less bad about anyone looking around that can’t quit but can’t find another job. Would you hire someone who’s still working at Twitter? I probably wouldn’t even pull that resume for an interview.
That’s a point I had not considered. Twitter is resume poison, at this point.
Do they have employees on H1B? If so, that may be why they haven’t jumped ship for less-Nazified pastures. Not excusing anyone, just striving to understand.
Or maybe take a paycheck and do substandard job introduce bugs etc.
Heck, I’ll even do that for a company I like!
Let’s not blame fellow workers for doing what they need to survive. Big tech companies are exploitive by nature, espcially H1B visas are basically indebted servitude at this point.
This is about class, not left vs right.
X has added some features, like job listings
Who the fuck looks for jobs on X?
Nazis probably
deleted by creator
Huh? I’m referring to the “job listings” feature of X, not looking for job opportunities at X.
deleted by creator
Who the fuck looks for jobs on X?
People who prefer something (slightly) less toxic than LinkedIn lol
I’d “work there” long enough to get on a pip and terminated. Lol
Drain a little bit of cash out of them. Lol
I’m not a Nazi lol
I’m referring to looking for jobs using X, not looking for a job at X (which I thought was clear when quoting the article’s mention of “job listings”).
Ah. Well it would help if I could read.
But yes I agree with your thought… I definitely wouldnt go there to look for a job.
If only they had competant management…
The advertisers are coming back, I swear!
Please come back, But do go fuck yourselves!
There’s no fucking way they’re breaking even.
@breakfastmtn @cm0002 it already bought an election, how much it is worth?
Yeah. Bought an election for a bum who doesn’t understand loyalty or how to pay his bills. Lol.
What a Dumbass.
The man bought an election with disinformation and lobbying, who gives a fuck what he says about this company. Who knows what the fuck break even even means in his addled brain.
Musk also said that the company could become cash-flow positive “within months” nearly two years ago, and it still faces over $1 billion in annual interest payments on the loans.
3 months maybe, 6 months definitely
