6 ms·

Ashes to ashes, dust to dust, Twitter to X

2 points by nnx 3y ago

rsynnott 3y ago
> Every time I’ve predicted a return to normality for Twitter, it’s been predicated on the simple fact that Mr Musk is not just playing with his own money, but money from a variety of investors. This is your brain on the efficient market hypothesis. Back in the real world, well, look at what Softbank invests in. I wouldn't depend on large investors to impose order; it can certainly happen but it's not guaranteed (particularly, you'd think, with investors who might be inclined to invest in weird Elon-y projects in the first place; there's a selection bias here). More generally, the piece seems to be essentially a long-winded version of the 4d chess thing; he's rich, so there _must_ be a sensible plan... Right? Right?
Iulioh 3y ago
For my sanity I have to think that someone behind him like the Saudis has a plan and this is not a drug fueled billionaire disaster. Now that I think of it the destruction of the platform seems like a resonable plan, would be really hard to do worse than this.
- 3cats-in-a-coat 3y ago
  Destroying $50B+ can't ever be a "plan". Saudis can do little as he has controlling interest in the company.
- Finnucane 3y ago
  If you’re betting your sanity on the sanity of Musk and his rich friends, hope you have good therapy insurance.
getarofilter 3y ago
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WheelsAtLarge 3y ago
The biggest problem most social media sites have is getting interest from the general public. Every single move he makes is reported world wide. It's the equivalent of billions of dollars in free advertising. 10 years from now we'll be hearing about his ideas curtesy of his social media site. All free of charge. He's a bonehead but ultimately he will succeed simply because enough people will try the product to give it traction. He just needs to make sure he continues to move forward with his general idea. It's nuts. Popularity beats orderly planning every time.
- 3cats-in-a-coat 3y ago
  This was true about Tesla. But at this point, with Twitter, it's not equivalent to billions of dollars of free advertising, because everyone knows who Musk is and what Twitter is and at this point he's only accruing negative points. In fact "Elon Musk" is the top reason cited among Tesla owners about why they've sold their Tesla and not getting another one, in the last year.

2 points by nnx 3y ago

> Every time I’ve predicted a return to normality for Twitter, it’s been predicated on the simple fact that Mr Musk is not just playing with his own money, but money from a variety of investors. This is your brain on the efficient market hypothesis. Back in the real world, well, look at what Softbank invests in. I wouldn't depend on large investors to impose order; it can certainly happen but it's not guaranteed (particularly, you'd think, with investors who might be inclined to invest in weird Elon-y projects in the first place; there's a selection bias here). More generally, the piece seems to be essentially a long-winded version of the 4d chess thing; he's rich, so there _must_ be a sensible plan... Right? Right?

Iulioh 3y ago

For my sanity I have to think that someone behind him like the Saudis has a plan and this is not a drug fueled billionaire disaster. Now that I think of it the destruction of the platform seems like a resonable plan, would be really hard to do worse than this.

3cats-in-a-coat 3y ago
Destroying $50B+ can't ever be a "plan". Saudis can do little as he has controlling interest in the company.
Finnucane 3y ago
If you’re betting your sanity on the sanity of Musk and his rich friends, hope you have good therapy insurance.

getarofilter 3y ago

[dead]

WheelsAtLarge 3y ago

The biggest problem most social media sites have is getting interest from the general public. Every single move he makes is reported world wide. It's the equivalent of billions of dollars in free advertising. 10 years from now we'll be hearing about his ideas curtesy of his social media site. All free of charge. He's a bonehead but ultimately he will succeed simply because enough people will try the product to give it traction. He just needs to make sure he continues to move forward with his general idea. It's nuts. Popularity beats orderly planning every time.

3cats-in-a-coat 3y ago
This was true about Tesla. But at this point, with Twitter, it's not equivalent to billions of dollars of free advertising, because everyone knows who Musk is and what Twitter is and at this point he's only accruing negative points. In fact "Elon Musk" is the top reason cited among Tesla owners about why they've sold their Tesla and not getting another one, in the last year.