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R-E-L-A-X

Musk is doing exactly what he did with Tesla and exactly what he said he was going to do, experiment with changes to find what works and what doesn't.

It's been like 2 weeks since he took over and some people are acting like the app will go dark in a matter of days and their HQ will be boarded up and sold at auction.

I know we are getting really good at overreactions in 'Merica, but this is reaching comical levels.
It doesn't help when one of the people acting like the app will go dark is the owner of the company.
He said bankruptcy is a possibility.

Most likely to motivate and justify some of the extreme moves he is making.

Real bankruptcy is a long process.

But I'm mostly talking about the chicken littles and Musk haters acting like it's already the end. I trust the richest man in the world to figure it before I trust a bunch of armchair QBs who never accomplished 1/1000th what Musk has already in his life.
But have you examined the evidence so far?

His plan is to monetize users. He'll need ten million users to make a billion dollars, which is the debt service he's added to the company. That roughly translates to 4% of the monthly active users.

He'll likely need double that to turn a profit, more if advertisers stay away. Actually, more because part of what paid users get is fewer ads which means less advertising dollars. By comparison, YouTube premium has roughly 10% of MAUs. But that includes their music service and people in free trials. That's a lot more value. Oh, and YouTube has paid content creators more than Twitter's annual revenue in the past year.

The numbers don't add up. Unless he can grow the user base significantly (he needs to pay content creators to do that), increase the price and still get the same number of users to sign up, double the ad revenue or find something of value similar to YouTube's music service that will lead people to pay.

The problem is, all those things require deep pockets.

It's not that I don't think he's a genius. It's more that I think he made a mistake saddling it with debt that will make it very difficult to become profitable. What he's doing now is peanuts to what he already did: buy a company that is going to be very difficult to make profitable without burning billions of his and his investors' cash.
 
The bad news is that my TL now seems to be 100% devoted to some crypto scam that imploded upon itself. I didn't realize I had this many "crypto people" in my TL.

Its a pretty spectacular story. Hoping for a Michael Lewis book/movie in 4 years.
Oh, you're 100% right. I didn't know that FTX even existed until a couple of days ago, and now I'm fascinated by it.

I'm congenitally incapable of falling for this type of scam, because (1) I don't invest in products that I don't understand (e.g. cryptocurrencies) and (2) I don't invest with people who weren't alive when Don Beebe stripped Leon Lett at the goal line in SB 27. But I'm extremely interested in learning about people who made these mistakes.

Also, this points to one of the good things about Twitter -- it brought this story to my attention and I probably would have missed it otherwise.
 
https://www.theverge.com/2022/11/10/23451198/twitter-ftc-elon-musk-lawyer-changes-fine-warning

I recommend people read this before dismissing the criticism of Musk. Direct comments from employees here.

I'm not on Twitter. Was there a monetization component in place for users prior to the takeover? Put another way, did Twitter previously have possession of credit card information for its users? Or has all that data been collected for the first time as people enroll in Twitter blue? Because if they are building this all out in an overnight rush, and given the data privacy concerns noted in the linked article, I'd be very concerned with providing my credit card details and other personal information until things got sorted and stabilized.
 
It's weird to see people assume that the richest man in the world is also a massive genius, without also acknowledging that someone with that much money might not actually care about the havoc he creates, because the worst-case scenario for him is that he might drop to the second-richest person in the world, whereas the worst-case scenarios for others is much, much more serious.

I think it's pretty clear that the Twitter takeover has been handled about as bad as possible, and that Elon Musk is primarily to blame for that. Why are people so invested in defending him?
How did Musk become the richest man in the world? He was just an average dude who had nothing but $40,000 of college loan debt. He started a business, flipped that and rolled everything he had I to a second business. He flipped that and put everything he had into a third and fourth business. He was on the verge of bankruptcy 4 years ago. He locked himself in the factory and did not leave until he fixed his problems. The man is intelligent, has incredible vision, is highly driven, and knows how to gets things done and be insanely successful. It is not like he struck oil. The man is a totally self-made $180 billionaire. I don't think after a few weeks anything is clear about Twitter and its future.

So many people fail to reach their potential because they get mired into social media. I wish Musk would abandon Twitter and focus his energies back on being hugely innovate in ways that advance mankind. I can't think of anyone today who has been more impactful in that regard and feel it's a damn shame that he is wasting a second of his time on a freaking social media company.
Musk would be better off, but he is doing this out of principle. This was not a business decision. I support Musk's vision and agree with the problems he saw.

For me, it's not about what is or is not a good business decision. The projects that Musk is involved in are literally advancing humankind. Twitter is a complete waste of his energy and intellect. It's like if mid-career, Thomas Edison decided he wanted to focus all his energies on perfecting the Offdee scale.
Well, to be fair, I consider cleaning up Twitter - if not outright shutting it down - advancing humankind. The worst Musk can do is make it better for everyone instead of being the one-sided moderation flophouse it was prior to him getting it. When you're on the ground floor there is only one way to go - up.
 
I don't want to dismiss the fake checkmark people as just trolls. It's not merely trolling. Twitter is "social media", and just like Reddit, or a message board, it's the end users that create that social community. Not the owner. And if the owner is doing things that the users can see will upset the community they've created, it's their right to protest the changes and show why the ownership is wrong. There are no other outlets, it's not like there's a customer service department they can complain to. And ownership can either listen and give in, or double down and lose the users.
 
I'm not on Twitter. Was there a monetization component in place for users prior to the takeover? Put another way, did Twitter previously have possession of credit card information for its users? Or has all that data been collected for the first time as people enroll in Twitter blue?
No
No
Yes
 
I find all these arguments fascinating.....if Twitter is such an abomination why use it? Why should you care how it's moderated if it's something you don't like? I don't go to websites or post on social media if I don't like it. It's like people complaining how awful a movie is yet keep watching it, I don't have enough energy to care about something I don't like. It's like the old Stern clip, average fan listens for 1 hour, the average Stern hater listens for 2 hours..... I'll just never understand this passion for things people dislike
 
Fake news is nothing new. Large social media platforms claiming they are out to be the most accurate place for news then encouraging fake news by their policies is.
 
You'd hope this cat has some sort of plan or move...but I don't know. I can't believe a mind (supposedly) as great as his is getting involved in this situation without a REAL goal.
 
https://www.theverge.com/2022/11/10/23451198/twitter-ftc-elon-musk-lawyer-changes-fine-warning

I recommend people read this before dismissing the criticism of Musk. Direct comments from employees here.
This sounds odd.
Musk’s new legal department is now asking engineers to “self-certify” compliance with FTC rules and other privacy laws, according to the lawyer’s note and another employee familiar with the matter, who requested anonymity to speak without the company’s permission.
 
Excuse me, that is simply part of the master plan consisting of dumb ideas executed poorly at enormous cost.

...In unrelated news it's time to head out for Friday night.
 
Nov 11 (Reuters) - Advertising and marketing conglomerate Omnicom Group Inc (OMC.N) has recommended that clients pause their spending on Twitter in the short term, according to an internal memo seen by Reuters.

Omnicom serves over 5,000 clients in 70 countries, including McDonald's Corp (MCD.N) and Apple (AAPL.O). The memo did not mention clients by name and it is not clear if any have paused Twitter advertising spending
 
Twitter has suspended sign-ups for its Blue subscription service after the initial rollout was marred by users who received a paid verification badge and then impersonated celebrities, politicians and brands.

Twitter users first began noticing the change late Thursday night when the Blue subscription option was no longer in the sidebar menu of the app. The sign-up page for Twitter Blue appears to still direct to a page with information about the service but without an option to sign up.

It was not immediately clear if or when the service would be restored.

Twitter pulls paid verification after impersonators flourish

The pullback of Twitter Blue verified also comes as the company’s new leadership is considering how to comply with oversight from the Federal Trade Commission, according to company-wide emails sent to employees on Thursday night, obtained by CNBC. Twitter is currently under a consent decree from the FTC, which forces it to notify the agency about new products with a written plan, among other things.
 
It's weird to see people assume that the richest man in the world is also a massive genius, without also acknowledging that someone with that much money might not actually care about the havoc he creates, because the worst-case scenario for him is that he might drop to the second-richest person in the world, whereas the worst-case scenarios for others is much, much more serious.

I think it's pretty clear that the Twitter takeover has been handled about as bad as possible, and that Elon Musk is primarily to blame for that. Why are people so invested in defending him?
How did Musk become the richest man in the world? He was just an average dude who had nothing but $40,000 of college loan debt. He started a business, flipped that and rolled everything he had I to a second business. He flipped that and put everything he had into a third and fourth business. He was on the verge of bankruptcy 4 years ago. He locked himself in the factory and did not leave until he fixed his problems. The man is intelligent, has incredible vision, is highly driven, and knows how to gets things done and be insanely successful. It is not like he struck oil. The man is a totally self-made $180 billionaire. I don't think after a few weeks anything is clear about Twitter and its future.

So many people fail to reach their potential because they get mired into social media. I wish Musk would abandon Twitter and focus his energies back on being hugely innovate in ways that advance mankind. I can't think of anyone today who has been more impactful in that regard and feel it's a damn shame that he is wasting a second of his time on a freaking social media company.
Musk would be better off, but he is doing this out of principle. This was not a business decision. I support Musk's vision and agree with the problems he saw.

For me, it's not about what is or is not a good business decision. The projects that Musk is involved in are literally advancing humankind. Twitter is a complete waste of his energy and intellect. It's like if mid-career, Thomas Edison decided he wanted to focus all his energies on perfecting the Offdee scale.
Well, to be fair, I consider cleaning up Twitter - if not outright shutting it down - advancing humankind. The worst Musk can do is make it better for everyone instead of being the one-sided moderation flophouse it was prior to him getting it. When you're on the ground floor there is only one way to go - up.
Twitter being a waste of time is belittling just how important and influential social media has become. In 2016 it was credited by one side of turning the presidential election by Russian bots. In 2020 it was credit by also by turning the election through the suppression of a real news story with perhaps collusion from US government agencies. Whether social media platforms are healthy is a debate. But to suggest controlling how information is disseminated is an unimportant waste of time is wrong. There is a reason it is being discussed here and why so many people are passionate about it. It is how most people stay informed.
 
It's weird to see people assume that the richest man in the world is also a massive genius, without also acknowledging that someone with that much money might not actually care about the havoc he creates, because the worst-case scenario for him is that he might drop to the second-richest person in the world, whereas the worst-case scenarios for others is much, much more serious.

I think it's pretty clear that the Twitter takeover has been handled about as bad as possible, and that Elon Musk is primarily to blame for that. Why are people so invested in defending him?
How did Musk become the richest man in the world? He was just an average dude who had nothing but $40,000 of college loan debt. He started a business, flipped that and rolled everything he had I to a second business. He flipped that and put everything he had into a third and fourth business. He was on the verge of bankruptcy 4 years ago. He locked himself in the factory and did not leave until he fixed his problems. The man is intelligent, has incredible vision, is highly driven, and knows how to gets things done and be insanely successful. It is not like he struck oil. The man is a totally self-made $180 billionaire. I don't think after a few weeks anything is clear about Twitter and its future.

So many people fail to reach their potential because they get mired into social media. I wish Musk would abandon Twitter and focus his energies back on being hugely innovate in ways that advance mankind. I can't think of anyone today who has been more impactful in that regard and feel it's a damn shame that he is wasting a second of his time on a freaking social media company.
Musk would be better off, but he is doing this out of principle. This was not a business decision. I support Musk's vision and agree with the problems he saw.

For me, it's not about what is or is not a good business decision. The projects that Musk is involved in are literally advancing humankind. Twitter is a complete waste of his energy and intellect. It's like if mid-career, Thomas Edison decided he wanted to focus all his energies on perfecting the Offdee scale.
Well, to be fair, I consider cleaning up Twitter - if not outright shutting it down - advancing humankind. The worst Musk can do is make it better for everyone instead of being the one-sided moderation flophouse it was prior to him getting it. When you're on the ground floor there is only one way to go - up.
Twitter being a waste of time is belittling just how important and influential social media has become. In 2016 it was credited by one side of turning the presidential election by Russian bots. In 2020 it was credit by also by turning the election through the suppression of a real news story with perhaps collusion from US government agencies. Whether social media platforms are healthy is a debate. But to suggest controlling how information is disseminated is an unimportant waste of time is wrong. There is a reason it is being discussed here and why so many people are passionate about it. It is how most people stay informed.

Fixing Twitter is not a waste of time. It’s a waste of his time.
 
Everyone needs to calm down. Seriously. It's been what a week? My god. Relax
I don’t get your “schtick” in this thread.
Who is “freaking out”? People are discussing something in the news.
I guess disingenuous trolls like this is why the Political Forum had to go away and some people just miss it so much they can’t let go?

Seriously, enough with the "people who don't act like me are trolls". His point was that everyone IS making this a big deal and he's only had the company for 1 week. The amount of glee and self-serving shots at Musk are unwarranted and are only done because now one side had the moderation gerrymandered in their favor for so long that they thought THAT is what actual moderation was.

I can’t speak for others but I’m a huge Elon Musk fan. Not necessarily of his personality or character, but as an innovator I think his genius and drive is unparalleled. The advancements he has achieved already with SpaceX are mind boggling. Driving energy solutions with electric and solar, worldwide connectivity with Starlink, getting us to Mars, even ideas like the hyperloop and his involvement with Neuralink. And the many ideas and projects he has yet to come up with. Frankly, I can’t think of anyone alive today who will have achieved more for the human race in terms of innovation and advancement. So whatever he has in mind for Twitter I hope he either achieves or abandons it in short order so he can get back to making an impact on human history. Because fixing Twitter is a distraction.
 
Everyone needs to calm down. Seriously. It's been what a week? My god. Relax
I don’t get your “schtick” in this thread.
Who is “freaking out”? People are discussing something in the news.
I guess disingenuous trolls like this is why the Political Forum had to go away and some people just miss it so much they can’t let go?

Seriously, enough with the "people who don't act like me are trolls". His point was that everyone IS making this a big deal and he's only had the company for 1 week. The amount of glee and self-serving shots at Musk are unwarranted and are only done because now one side had the moderation gerrymandered in their favor for so long that they thought THAT is what actual moderation was.

I can’t speak for others but I’m a huge Elon Musk fan. Not necessarily of his personality or character, but as an innovator I think his genius and drive is unparalleled. The advancements he has achieved already with SpaceX are mind boggling. Driving energy solutions with electric and solar, worldwide connectivity with Starlink, getting us to Mars, even ideas like the hyperloop and his involvement with Neuralink. And the many ideas and projects he has yet to come up with. Frankly, I can’t think of anyone alive today who will have achieved more for the human race in terms of innovation and advancement. So whatever he has in mind for Twitter I hope he either achieves or abandons it in short order so he can get back to making an impact on human history. Because fixing Twitter is a distraction.
I actually agree with you for the most part but maybe Musk can advance human civilization by fixing Twitter too. Maybe set the example to show how it's done, pass it off to his executives and head back to Space-X and Tesla.

I would rather we just shut down all SM, TBH. It's ultimately a cancer but if anyone can fix it, it's Musk, IMO.
 
Figured that i MIGHT come back in here and see a discussion about the role of moderation since the chaos and false information is a DIRECT result of no moderation. The "you should be able to say/ do anything you want on social media" types are getting exactly what they asked for. This is the result.

Most people (99.9999999999%) don't do the required account maintenance on their social media accounts to stay "informed". Most are being entertained, not informed. Massive difference and one the social media and 24 hour news channels go out of their way to conflate.
 
I would rather we just shut down all SM, TBH. It's ultimately a cancer but if anyone can fix it, it's Musk, IMO.
That's not possible now - social media is now a drug. The drug of acceptance. When people can now find people just like them with the exact sensibilities that can agree with all the things they are thinking it makes it impossible to put down.

People have always needed validation of some kind, and now it's available 24/7. It may ultimately be the destruction of the human race, but that's a topic for another thread.
 
To me, it's the amount of glee
People are “laughing” at some of the things that are funny. I really find it sad that every topic has certain people that need to make it “political” and whining about how one side gets favorable treatment - ironically both sides think the same thing, which means the bias they perceive is more on them then the reality. I hate both parties fairly equally so I feel I can be unbiased (but obviously I have some bias, everyone does).

That guy Super Mike tried to claim that Zuckerberg is treated differently than musk because people like him and hate Musk. From my non-politically slanted observations I think they’re both equally “hated”. When smart people (attorneys who know the law) pointed out why he was incorrect he acted liked he couldn’t understand what they were saying. That’s why I call it disingenuous trolling. It’s hard to believe he couldn’t follow what they were saying - it seemed more that he had his agenda and “facts be damned.”

I haven’t seen one person in here “freaking out” but he does. I guess I’ll call that “trolling” because the alternative would be a much harsher evaluation of that person’s comprehension skills.
 
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To me, it's the amount of glee
People are “laughing” at some of the things that are funny. I really find it sad that every topic has certain people that need to make it “political” and whining about how one side gets favorable treatment - ironically both sides think the same thing, which means the bias they perceive is more on them then the reality. I hate both parties fairly equally so I feel I can be unbiased (but obviously I have some bias, everyone does).

That guy Super Mike tried to claim that Zuckerberg is treated differently than musk because people like him and hate Musk. From my non-politically slanted observations I think they’re both equally “hated”. When smart people (attorneys who know the law) pointed out why he was incorrect he acted liked he couldn’t understand what they were saying. That’s why I call it disingenuous trolling. It’s hard to believe he couldn’t follow what they were saying - it seemed more that he had his agenda and “facts be damned.”

I haven’t seen one person in here “freaking out” but he does. I guess I’ll call that “trolling” because the alternative would be a much harsher evaluation of that person’s comprehension skills.
Thank you for the robust reply. I appreciate it. :thumbup:

However, I was specifically talking about Twitter and the "freaking out response" which appeared to be about Twitter, not Facebook or Zuckerberg. People certainly are freaking out about Musk's takeover. Like I said, maybe not necessarily in here but it's happening.

Maybe that's just another reason to shut down all SM anyways. :shrug:
 
To me, it's the amount of glee
People are “laughing” at some of the things that are funny. I really find it sad that every topic has certain people that need to make it “political” and whining about how one side gets favorable treatment - ironically both sides think the same thing, which means the bias they perceive is more on them then the reality. I hate both parties fairly equally so I feel I can be unbiased (but obviously I have some bias, everyone does).

That guy Super Mike tried to claim that Zuckerberg is treated differently than musk because people like him and hate Musk. From my non-politically slanted observations I think they’re both equally “hated”. When smart people (attorneys who know the law) pointed out why he was incorrect he acted liked he couldn’t understand what they were saying. That’s why I call it disingenuous trolling. It’s hard to believe he couldn’t follow what they were saying - it seemed more that he had his agenda and “facts be damned.”

I haven’t seen one person in here “freaking out” but he does. I guess I’ll call that “trolling” because the alternative would be a much harsher evaluation of that person’s comprehension skills.
Thank you for the robust reply. I appreciate it. :thumbup:

However, I was specifically talking about Twitter and the "freaking out response" which appeared to be about Twitter, not Facebook or Zuckerberg. People certainly are freaking out about Musk's takeover. Like I said, maybe not necessarily in here but it's happening.

Maybe that's just another reason to shut down all SM anyways. :shrug:
Yes, you misunderstood. The Zuckerberg/Musk was just another example of what I perceive as a disingenuous stance by him.

Can you quote some posts that you consider to be people “freaking out” since you seem to agree with that take. I don’t see it.

It sure doesn’t seem his claim is limited to what is happening “outside” of this thread since he was telling people in here to “calm down”.
 
Everyone needs to calm down. Seriously. It's been what a week? My god. Relax
I don’t get your “schtick” in this thread.
Who is “freaking out”? People are discussing something in the news.
I guess disingenuous trolls like this is why the Political Forum had to go away and some people just miss it so much they can’t let go?

Seriously, enough with the "people who don't act like me are trolls". His point was that everyone IS making this a big deal and he's only had the company for 1 week. The amount of glee and self-serving shots at Musk are unwarranted and are only done because now one side had the moderation gerrymandered in their favor for so long that they thought THAT is what actual moderation was.

I can’t speak for others but I’m a huge Elon Musk fan. Not necessarily of his personality or character, but as an innovator I think his genius and drive is unparalleled. The advancements he has achieved already with SpaceX are mind boggling. Driving energy solutions with electric and solar, worldwide connectivity with Starlink, getting us to Mars, even ideas like the hyperloop and his involvement with Neuralink. And the many ideas and projects he has yet to come up with. Frankly, I can’t think of anyone alive today who will have achieved more for the human race in terms of innovation and advancement. So whatever he has in mind for Twitter I hope he either achieves or abandons it in short order so he can get back to making an impact on human history. Because fixing Twitter is a distraction.
This is pretty close to where I am too. I wouldn't use the word "fan" because I doubt I would want to spend a lot of time around Elon Musk or work with him -- we're wired way too differently and I don't think I could ever get used to that type of person. But the existence of somebody like Musk makes me appreciate human diversity. Civilizations need a certain number of people like him, builders who are indifferent toward risk. (Henry Ford is a good analogy here IMO, and I would include Bezos in this company as well even if Amazon isn't quite the same as what Tesla/SpaceX are trying to do).
 
I'm not even sure how this became about politics.....my political views have zero to do with how a online company operates
Many people only have one lens :shrug:

Kinda surprised this thread hasn't been shut down yet.
The ratio of nonpolitical to political posts is still fine. If that changes then maybe the mods will do something.

As for the point about the new Twitter being the gateway to shut down SM: Like all other vices, SM isn’t going away in a non-authoritarian society.
 
To me, it's the amount of glee
People are “laughing” at some of the things that are funny. I really find it sad that every topic has certain people that need to make it “political” and whining about how one side gets favorable treatment - ironically both sides think the same thing, which means the bias they perceive is more on them then the reality. I hate both parties fairly equally so I feel I can be unbiased (but obviously I have some bias, everyone does).

That guy Super Mike tried to claim that Zuckerberg is treated differently than musk because people like him and hate Musk. From my non-politically slanted observations I think they’re both equally “hated”. When smart people (attorneys who know the law) pointed out why he was incorrect he acted liked he couldn’t understand what they were saying. That’s why I call it disingenuous trolling. It’s hard to believe he couldn’t follow what they were saying - it seemed more that he had his agenda and “facts be damned.”

I haven’t seen one person in here “freaking out” but he does. I guess I’ll call that “trolling” because the alternative would be a much harsher evaluation of that person’s comprehension skills.
Thank you for the robust reply. I appreciate it. :thumbup:

However, I was specifically talking about Twitter and the "freaking out response" which appeared to be about Twitter, not Facebook or Zuckerberg. People certainly are freaking out about Musk's takeover. Like I said, maybe not necessarily in here but it's happening.

Maybe that's just another reason to shut down all SM anyways. :shrug:
A couple glaring differences I see are Elon‘s take over of Twitter was very dramatic and played out for all of us to see. Now in his first couple weeks he’s having some “New Coke” level of fiascos so it’s getting all this coverage.

Also, Mets has been getting coverage recently as well mostly around how their stock has dropped precipitously and that their VR thing is looking very much like a bust.
 
SM isn’t going away in a non-authoritarian society.
Agreed. Wishful thinking for sure, but I hold out hope :D

At this point, I'd hold out for it all being a caricature of itself....Elon seems to be on the same page at the moment, so I've got that going for me. Keep going Elon...need this sort of stuff to be the punchline and NOT where people think they are going to be "informed" :thumbup:
 
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