3 ms·

Twitter wouldn’t shut down completely. The company would continue running…right?

MBCook 4y ago
They already have basically no advertisers except SpaceX, which is a balance transfer in all but name, and maybe some right wing stuff. Real brands are terrified of them. They have no money. It’s not coming in, and only gets worse when the site goes down. They’re facing employment lawsuits over the last two weeks. They’re facing a discrimination lawsuit for requiring an employee with an ADA accommodation to work from home to work from the office (after that announcement). The FTC is mad. Congress is mad. Who knows what other lawsuits/etc will pop up. I just don’t understand how they can survive. Seems like chapter 7. Not “renegotiate the debt and we swear we’ll be fine” chapter 11. Sell every last post-it note and auction off the wall art to pay the creditors chapter 7. I knew he’d ruin Twitter. I never expected anything like this. I expected people to slowly leave (platform and employment) due to new policies and values. This was, and honestly is, unimaginable. Did he really destroy $44B in three weeks?
- x86_64Ubuntu 4y ago
  I can't help but think that his buy was funded and supported by some regimes with less than honorable goals.
  - MBCook 4y ago
    That may be, but was their goal to destroy it? Or just have influence over what trends/censorship of posts?
- martindbp 4y ago
  > They already have basically no advertisers except SpaceX Source? Musk claimed a "massive drop" but who knows how much that is, if he exaggerated for effect or whether it's permanent ("paused" doesn't mean permanent, if it makes financial sense advertisers will return). > I expected people to slowly leave Yet number of users increased faster than ever. These kinds of predictions reminds me of the expectations that Trump would be prosecuted any day now thorough out his whole presidency. Maybe Twitter will crash and burn, maybe Musk has absolutely no idea what he's doing, or maybe generally outraged people are bad at predicting the future because they're easily misled by their general dislike of someone's personality.
  - dorkwood 4y ago
    > Yet number of users increased faster than ever. Source on this? I've seen reports that the number of "monetizable daily active users" is up, but nothing about the actual user count.
    - MBCook 4y ago
      Elon tweeted a graph showing a massive jump. But the Y axis was chosen for that purpose. Someone responded with a graph whose Y axis started at 0. You couldn’t see the “massive jump” anymore. It was actually like 0.5% increase based on the data in Elon’s chart.
- akiselev 4y ago
  He felt threatened by all the attention FTX was getting. Elon: hold my beer.
  - operatingthetan 4y ago
    Now do Tesla!
- pjc50 4y ago
  Eh, Tumblr was bought for $1bn, sold for $3m, and is still up. Twitter will most likely remain up in some form (unless the "black start" issues are really bad or the cloud bill is a lot more than expected) and get sold to someone quieter.
  - MBCook 4y ago
    Tumblr exists but is a tiny shadow of what it was. That’s what I expect, at best, of Twitter at this point.

They already have basically no advertisers except SpaceX, which is a balance transfer in all but name, and maybe some right wing stuff. Real brands are terrified of them. They have no money. It’s not coming in, and only gets worse when the site goes down. They’re facing employment lawsuits over the last two weeks. They’re facing a discrimination lawsuit for requiring an employee with an ADA accommodation to work from home to work from the office (after that announcement). The FTC is mad. Congress is mad. Who knows what other lawsuits/etc will pop up. I just don’t understand how they can survive. Seems like chapter 7. Not “renegotiate the debt and we swear we’ll be fine” chapter 11. Sell every last post-it note and auction off the wall art to pay the creditors chapter 7. I knew he’d ruin Twitter. I never expected anything like this. I expected people to slowly leave (platform and employment) due to new policies and values. This was, and honestly is, unimaginable. Did he really destroy $44B in three weeks?

x86_64Ubuntu 4y ago
I can't help but think that his buy was funded and supported by some regimes with less than honorable goals.
- MBCook 4y ago
  That may be, but was their goal to destroy it? Or just have influence over what trends/censorship of posts?
martindbp 4y ago
> They already have basically no advertisers except SpaceX Source? Musk claimed a "massive drop" but who knows how much that is, if he exaggerated for effect or whether it's permanent ("paused" doesn't mean permanent, if it makes financial sense advertisers will return). > I expected people to slowly leave Yet number of users increased faster than ever. These kinds of predictions reminds me of the expectations that Trump would be prosecuted any day now thorough out his whole presidency. Maybe Twitter will crash and burn, maybe Musk has absolutely no idea what he's doing, or maybe generally outraged people are bad at predicting the future because they're easily misled by their general dislike of someone's personality.
- dorkwood 4y ago
  > Yet number of users increased faster than ever. Source on this? I've seen reports that the number of "monetizable daily active users" is up, but nothing about the actual user count.
  - MBCook 4y ago
    Elon tweeted a graph showing a massive jump. But the Y axis was chosen for that purpose. Someone responded with a graph whose Y axis started at 0. You couldn’t see the “massive jump” anymore. It was actually like 0.5% increase based on the data in Elon’s chart.
akiselev 4y ago
He felt threatened by all the attention FTX was getting. Elon: hold my beer.
- operatingthetan 4y ago
  Now do Tesla!
pjc50 4y ago
Eh, Tumblr was bought for $1bn, sold for $3m, and is still up. Twitter will most likely remain up in some form (unless the "black start" issues are really bad or the cloud bill is a lot more than expected) and get sold to someone quieter.
- MBCook 4y ago
  Tumblr exists but is a tiny shadow of what it was. That’s what I expect, at best, of Twitter at this point.