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It's clear that Elon is moving swiftly to cut costs, but I think it's all really academic. For any reasonable revenue scenario (even before the bottom dropped o

It's clear that Elon is moving swiftly to cut costs, but I think it's all really academic. For any reasonable revenue scenario (even before the bottom dropped out of tech stocks), Twitter just wasn't worth $44bn. It's clear that he's going to try to cut to the bone and juice revenue by any means necessary, but it seems like the company is going to have an awful rate of return regardless.

yieldcrv 4y ago
right, but its also just a 10x revenue multiple. it makes $4bn in revenue a year as is. he reduces costs and that gets it in line pretty quick
- streb-lo 4y ago
  Yea, only a genius like Elon could have figured that out.
  - yieldcrv 4y ago
    uhhh, ok. it is interesting that he can repurpose engineers from his other companies. he might need to make a parent company like Alphabet, because Google moves employees between orgs seamlessly too.
- rnk 4y ago
  He's going to drive away advertisers by allowing more hate speech. That's their major revenue source. That won't increase advertising. The $20/registered user per month sounded great until I learned there are only 400k registered blue checkmark users. That's only 96 mil a year, a drop in the bucket for a company that cost 44 billion. I'd suggest he work to get many more users who are engaged, and that would bring advertisers. This isn't helped by silly culture war memes being posted.
  - joshmn 4y ago
    It may have cost him $44 billion now, but he's certainly going to take it public again.
    - TheCoelacanth 4y ago
      Ah, the old buy high, sell low strategy.
  - aaroninsf 4y ago
    That work is being actively aggressively sabotaged by his instantly emerged pattern of promoting unambiguous right-wing agitprop and disinformation, using the classic "I'm just asking question" stance used by prominent fascists like Tucker Carlson. Stoned-Musk may think it's funny; fascist-friendly-Musk may think it's useful to keep the left distracted, angry, and off "his" site... ...where grifter-Musk sees the eventual ROI is less clear. Maybe a dystopia is good for the long-term bottom line in kick-backs by a single-party state who knows and rewards their friends? Promoting disinformation to provide chaff and cover for GOP uneasy with an attempted assassination of the Speaker of the House which as 100% stochastic terrorism resulting from relentless histrionic neofascist dehumanizing grievance hysteria for decades, including explicit rhetoric about killing said Speaker, is more than stoned-Musk meme-trolling. It's actively, corrosively, undermining functioning democracy and empowering a right wing increasingly openly embracing violence. QElon has gone over the edge.
    - yieldcrv 4y ago
      > using the classic "I'm just asking question" stance what is the desired way for people to learn and also criticize aspects of culture that were fine before, but now changing? its easy not to understand what the consensus is and get berated for not knowing that, which just radicalizes people that might have been able to be supportive.
      - kelseyfrog 4y ago
        Understand how "just asking questions" has been co-opted by a group so thoroughly, that its use of a rhetorical or dialogue device associates one's self to that group. It's a well poisoned by bad faith. Realize that people are generally able to tell the difference between authentic curiosity and Socratic-curiosity. The later, as you well know, involves asking leading questions to arrive at a predetermined destination whereas the former does not. There's many more answers to this question, but leaving those there feels like a good enough place to start as any.
        yieldcrv 4y ago
  - rejectfinite 4y ago
    >He's going to drive away advertisers by allowing more hate speech Is he? Has he done this or said this? Or you are assuming?
    - rnk 4y ago
      This was a few days ago, but just saw your message. He said he'd let people who were banned for using hate speech come back, so yes, he said it. That does not encourage advertisers.
belter 4y ago
It was either end World Hunger for $6B or buy Twitter for $44B. He could not do both. https://www.weforum.org/agenda/2021/11/elon-musk-un-world-hunger-famine/ https://www.weforum.org/agenda/2021/11/elon-musk-un-world-hu...
- throwaway23597 4y ago
  Eh, I mean to be fair, the proposal to "end world hunger" is really more of a proposal to "temporarily alleviate world hunger in 2022 only". And the plan outlined in the article seems rather optimistic, it assumes there's no corruption, grift, etc. I think what Musk was looking for in his original challenge was a way to permanently end world hunger.
  - rdtwo 4y ago
    Would Hunger isn’t a food problem it’s a corruption and distribution problem. It’s nearly impossible to get the food to people that need it

yieldcrv 4y ago

right, but its also just a 10x revenue multiple. it makes $4bn in revenue a year as is. he reduces costs and that gets it in line pretty quick

streb-lo 4y ago
Yea, only a genius like Elon could have figured that out.
- yieldcrv 4y ago
  uhhh, ok. it is interesting that he can repurpose engineers from his other companies. he might need to make a parent company like Alphabet, because Google moves employees between orgs seamlessly too.
rnk 4y ago
He's going to drive away advertisers by allowing more hate speech. That's their major revenue source. That won't increase advertising. The $20/registered user per month sounded great until I learned there are only 400k registered blue checkmark users. That's only 96 mil a year, a drop in the bucket for a company that cost 44 billion. I'd suggest he work to get many more users who are engaged, and that would bring advertisers. This isn't helped by silly culture war memes being posted.
- joshmn 4y ago
  It may have cost him $44 billion now, but he's certainly going to take it public again.
  - TheCoelacanth 4y ago
    Ah, the old buy high, sell low strategy.
- aaroninsf 4y ago
  That work is being actively aggressively sabotaged by his instantly emerged pattern of promoting unambiguous right-wing agitprop and disinformation, using the classic "I'm just asking question" stance used by prominent fascists like Tucker Carlson. Stoned-Musk may think it's funny; fascist-friendly-Musk may think it's useful to keep the left distracted, angry, and off "his" site... ...where grifter-Musk sees the eventual ROI is less clear. Maybe a dystopia is good for the long-term bottom line in kick-backs by a single-party state who knows and rewards their friends? Promoting disinformation to provide chaff and cover for GOP uneasy with an attempted assassination of the Speaker of the House which as 100% stochastic terrorism resulting from relentless histrionic neofascist dehumanizing grievance hysteria for decades, including explicit rhetoric about killing said Speaker, is more than stoned-Musk meme-trolling. It's actively, corrosively, undermining functioning democracy and empowering a right wing increasingly openly embracing violence. QElon has gone over the edge.
  - yieldcrv 4y ago
    > using the classic "I'm just asking question" stance what is the desired way for people to learn and also criticize aspects of culture that were fine before, but now changing? its easy not to understand what the consensus is and get berated for not knowing that, which just radicalizes people that might have been able to be supportive.
    - kelseyfrog 4y ago
      Understand how "just asking questions" has been co-opted by a group so thoroughly, that its use of a rhetorical or dialogue device associates one's self to that group. It's a well poisoned by bad faith. Realize that people are generally able to tell the difference between authentic curiosity and Socratic-curiosity. The later, as you well know, involves asking leading questions to arrive at a predetermined destination whereas the former does not. There's many more answers to this question, but leaving those there feels like a good enough place to start as any.
      - yieldcrv 4y ago
- rejectfinite 4y ago
  >He's going to drive away advertisers by allowing more hate speech Is he? Has he done this or said this? Or you are assuming?
  - rnk 4y ago
    This was a few days ago, but just saw your message. He said he'd let people who were banned for using hate speech come back, so yes, he said it. That does not encourage advertisers.

belter 4y ago

It was either end World Hunger for $6B or buy Twitter for $44B. He could not do both. https://www.weforum.org/agenda/2021/11/elon-musk-un-world-hunger-famine/ https://www.weforum.org/agenda/2021/11/elon-musk-un-world-hu...

throwaway23597 4y ago
Eh, I mean to be fair, the proposal to "end world hunger" is really more of a proposal to "temporarily alleviate world hunger in 2022 only". And the plan outlined in the article seems rather optimistic, it assumes there's no corruption, grift, etc. I think what Musk was looking for in his original challenge was a way to permanently end world hunger.
- rdtwo 4y ago
  Would Hunger isn’t a food problem it’s a corruption and distribution problem. It’s nearly impossible to get the food to people that need it