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Are we witnessing a sinking ship ? He loaded the company with a 1 billion dollar interest per year, and the best twitter has done is 600 million in profit. It

Are we witnessing a sinking ship ? He loaded the company with a 1 billion dollar interest per year, and the best twitter has done is 600 million in profit. Its sad because as a Twitter user their is really no alternative. And no, Mastodon with its garbage discoverability is not an alternative, more details on why here: https://news.ycombinator.com/item?id=33428254 https://news.ycombinator.com/item?id=33428254

rel2thr 4y ago
Do you mean 600 million in profit? Twitter has done over a billion in revenue in each of the past several quarters
- jacooper 4y ago
  Edited
mikkergp 4y ago
> are we witnessing a sinking ship Im not saying I’m all the way there in thinking this but I’m really starting to wonder if everyone got caught with their pants down. The banks heard Elon Musk and probably didn’t do their due diligence in the loan, with the speed of this thing it’s not hard to imagine he is not as in command of the situation as he’d like people to believe. Either way it’s going to make a great business school case study.
- suction 4y ago
  [dead]
grappler 4y ago
This is incentive to build a better fediverse or decentralized social network or whatever you want to call it. There are lots of projects working on it, obviously, and lots of people already doing it to some extent, but this is one of those events that illustrate why it's a thing worth continuing to push on and move forward.
memish 4y ago
The opposite. You're witnessing a ship that was sinking that's about to become buoyant.
- 7e 4y ago
  Elon is is full of hot air, yes, but not _that_ much hot air. Reddit will implement Twitter-like feeds and hashtags and eat their lunch. Twitter content creators hate Elon.
  - nxm 4y ago
    Speak for yourself
  - dendrite9 4y ago
    I have a very hard time believing Reddit can/will do it better.
    - filoleg 4y ago
      Yeah. Not just that, but for the past 2-3 years, I felt like I've been watching reddit disintegrate in real time, at an accelerating rate. Their IPO has been "just around the corner" for the past 3 years or so. And with more time passing, the more improbable it seems to ever happen. At first, it seemed like the IPO timeline couldve been affected by COVID. But at this point, I don't think reddit will ever IPO. And if it does, it will just be a last ditch attempt to kickstart a countdown do its death.
      - Ekaros 4y ago
        They missed the boat. Time of IPOs at least big ones is over for a while...
- sanderjd 4y ago
  It was sinking already, to be sure, but I don't really see any reasons to be so optimistic that this group can make it "buoyant".

rel2thr 4y ago

Do you mean 600 million in profit? Twitter has done over a billion in revenue in each of the past several quarters

jacooper 4y ago
Edited

mikkergp 4y ago

> are we witnessing a sinking ship Im not saying I’m all the way there in thinking this but I’m really starting to wonder if everyone got caught with their pants down. The banks heard Elon Musk and probably didn’t do their due diligence in the loan, with the speed of this thing it’s not hard to imagine he is not as in command of the situation as he’d like people to believe. Either way it’s going to make a great business school case study.

suction 4y ago
[dead]

grappler 4y ago

This is incentive to build a better fediverse or decentralized social network or whatever you want to call it. There are lots of projects working on it, obviously, and lots of people already doing it to some extent, but this is one of those events that illustrate why it's a thing worth continuing to push on and move forward.

memish 4y ago

The opposite. You're witnessing a ship that was sinking that's about to become buoyant.

7e 4y ago
Elon is is full of hot air, yes, but not _that_ much hot air. Reddit will implement Twitter-like feeds and hashtags and eat their lunch. Twitter content creators hate Elon.
- nxm 4y ago
  Speak for yourself
- dendrite9 4y ago
  I have a very hard time believing Reddit can/will do it better.
  - filoleg 4y ago
    Yeah. Not just that, but for the past 2-3 years, I felt like I've been watching reddit disintegrate in real time, at an accelerating rate. Their IPO has been "just around the corner" for the past 3 years or so. And with more time passing, the more improbable it seems to ever happen. At first, it seemed like the IPO timeline couldve been affected by COVID. But at this point, I don't think reddit will ever IPO. And if it does, it will just be a last ditch attempt to kickstart a countdown do its death.
    - Ekaros 4y ago
      They missed the boat. Time of IPOs at least big ones is over for a while...
sanderjd 4y ago
It was sinking already, to be sure, but I don't really see any reasons to be so optimistic that this group can make it "buoyant".