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What kind of recourse do the banks have, in practical terms? My bet is that taking any action is just going to materialize their loss, and inaction and cutting

What kind of recourse do the banks have, in practical terms? My bet is that taking any action is just going to materialize their loss, and inaction and cutting X some/a lot of slack will allow them to perhaps not lose as much in the long term.

scarface_74 3y ago
I don’t see any conceivable path for Twitter to turn around and actually be successful. The only tech turnaround of this magnitude that has happened in recent memory is Apple. Jobs was a founder and had the RDF going for him and while he might have pissed off a few people. https://www.reddit.com/r/programming/s/49BWg0N9Xr https://www.reddit.com/r/programming/s/49BWg0N9Xr But at least the employees believed in him and he had the Mac faithful as a base. What does Twitter have?
- jmye 3y ago
  Vague inertia from journalists and celebrities who don’t want to rebuild follower counts on a new platform? That’s all I’ve got.
- AYBABTME 3y ago
  It has a lot of users that keep using it, despite all the fud saying otherwise. And they're shipping more features than before, and experimenting more. So it's bound to either die violently or eventually find another growth engine and become a massive opportunity. The "everything apps" abroad are quite good and there's really no equivalent in the US. Twitter/X could be it, although realistically with all the bad karma that Elon is collecting, it'll be tough. But if the silent majority doesn't care and is willing to try out the new features, it'll probably work. I think. I think in the tech community and other luminaries, bien-pensants associated groups, we have a tendency to really exaggerate and delude ourselves into believing what we want to be true in the social world. We dislike person A/idea A so we're convinced anything that has to do with it will fail or has to be some sort of negative spin. In reality I think the average person on this planet is a lot more pragmatic and doesn't necessarily care anywhere as much as loud people do.
  - scarface_74 3y ago
    The number of users using it doesn’t matter if they can’t attract advertisers. Yahoo was one of the most trafficked sites for decades and couldn’t monetize their traffic. And the average person is not using Twitter. There are only 350 million active users worldwide compared to 3 billion Facebook users. Even PInterest has more users https://www.searchlogistics.com/learn/statistics/tiktok-user-statistics/ https://www.searchlogistics.com/learn/statistics/tiktok-user... And Twitter will never be “the everything app” in the US. Apple and Google will never let it and the only reason that worked in other countries is a combination of path dependencies and phones in China are not running “Google Android” and Apple doesn’t have a choice but to be more lax about its App Store policies in China or users of the “everything apps” will revolt.
    - AYBABTME 3y ago
      Perhaps you're right, but their entire business plan is premised on you being wrong, so it sounds like there's at least some informed people who disagree: them. Personally I have no clue.
      - scarface_74 3y ago
        Who disagrees besides Musk? While I’ll give Musk credit for doing what almost no one in the last 20 years has done - create successful hardwarw/tech companies. He’s shown no ability to run a software business. And the immovable object is Apple. You can’t be the “everything app” without running head first into the App Store restrictions.
        AYBABTME 3y ago
        How do the other everything apps do it then? Kakao and Naver are working just fine on my iPhone.
        scarface_74 3y ago
        In other countries like China and South Korea, those apps are so popular that if Apple banned them or crippled their functionality, no one would buy an iPhone. That’s like with all of the big talk that Apple does about App Store rules, they’ve let Uber and Facebook get away with things that no smaller developer could. No one is going to stop buying an iPhone in the US because of Twitter.

scarface_74 3y ago

I don’t see any conceivable path for Twitter to turn around and actually be successful. The only tech turnaround of this magnitude that has happened in recent memory is Apple. Jobs was a founder and had the RDF going for him and while he might have pissed off a few people. https://www.reddit.com/r/programming/s/49BWg0N9Xr https://www.reddit.com/r/programming/s/49BWg0N9Xr But at least the employees believed in him and he had the Mac faithful as a base. What does Twitter have?

jmye 3y ago
Vague inertia from journalists and celebrities who don’t want to rebuild follower counts on a new platform? That’s all I’ve got.
AYBABTME 3y ago
It has a lot of users that keep using it, despite all the fud saying otherwise. And they're shipping more features than before, and experimenting more. So it's bound to either die violently or eventually find another growth engine and become a massive opportunity. The "everything apps" abroad are quite good and there's really no equivalent in the US. Twitter/X could be it, although realistically with all the bad karma that Elon is collecting, it'll be tough. But if the silent majority doesn't care and is willing to try out the new features, it'll probably work. I think. I think in the tech community and other luminaries, bien-pensants associated groups, we have a tendency to really exaggerate and delude ourselves into believing what we want to be true in the social world. We dislike person A/idea A so we're convinced anything that has to do with it will fail or has to be some sort of negative spin. In reality I think the average person on this planet is a lot more pragmatic and doesn't necessarily care anywhere as much as loud people do.
- scarface_74 3y ago
  The number of users using it doesn’t matter if they can’t attract advertisers. Yahoo was one of the most trafficked sites for decades and couldn’t monetize their traffic. And the average person is not using Twitter. There are only 350 million active users worldwide compared to 3 billion Facebook users. Even PInterest has more users https://www.searchlogistics.com/learn/statistics/tiktok-user-statistics/ https://www.searchlogistics.com/learn/statistics/tiktok-user... And Twitter will never be “the everything app” in the US. Apple and Google will never let it and the only reason that worked in other countries is a combination of path dependencies and phones in China are not running “Google Android” and Apple doesn’t have a choice but to be more lax about its App Store policies in China or users of the “everything apps” will revolt.
  - AYBABTME 3y ago
    Perhaps you're right, but their entire business plan is premised on you being wrong, so it sounds like there's at least some informed people who disagree: them. Personally I have no clue.
    - scarface_74 3y ago
      Who disagrees besides Musk? While I’ll give Musk credit for doing what almost no one in the last 20 years has done - create successful hardwarw/tech companies. He’s shown no ability to run a software business. And the immovable object is Apple. You can’t be the “everything app” without running head first into the App Store restrictions.
      - AYBABTME 3y ago
        How do the other everything apps do it then? Kakao and Naver are working just fine on my iPhone.
        scarface_74 3y ago
        In other countries like China and South Korea, those apps are so popular that if Apple banned them or crippled their functionality, no one would buy an iPhone. That’s like with all of the big talk that Apple does about App Store rules, they’ve let Uber and Facebook get away with things that no smaller developer could. No one is going to stop buying an iPhone in the US because of Twitter.