Again damn gossip. Lemmy is also turning out to be a waste of time.
hm, someone told me it was so easy to cut wasteful spending.
“Barely breaking even” and yet he keeps getting richer.
Turns out, nazi business is bad business
Hopefully as bad as nazi archaeology
Do we need a catchy “go Nazi get…____” catchphrase? It was such a g when the right wing did it! They do love a good catchphrase. Easier to remember.
How about “Go Nazi get shot in the head”
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?
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.
Go fash; lose cash.
The advertisers are coming back, I swear!
Please come back, But do go fuck yourselves!
They should be losing fucking money hand over fist, is the problem.
If you think Elon is being honest about ‘breaking even’, you haven’t been paying attention. Twitter is in the hole, and he’s lying through his fascist little teeth to either save face, or manipulate some sort of upcoming move.
- 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
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
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
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.
Bullshit. No way does Twitter make anywhere near a profit, and that’s NOT taking into account the payments on 44Bn.
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
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?
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.
Or maybe take a paycheck and do substandard job introduce bugs etc.
Heck, I’ll even do that for a company I like!
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.
