4 ms·
Reference to: * https://www.bbc.com/news/articles/ceqjq11202ro https://www.bbc.com/news/articles/ceqjq11202ro (xAI bought Twitter) * https://www.theguardian.c
by spwa4 1y ago
Reference to:
* https://www.bbc.com/news/articles/ceqjq11202ro https://www.bbc.com/news/articles/ceqjq11202ro (xAI bought Twitter)
* https://www.theguardian.com/technology/2016/aug/01/elon-musk-sells-solar-power-company-solarcity-to-tesla-motors https://www.theguardian.com/technology/2016/aug/01/elon-musk... (Tesla bought solarcity)
Effectively, of course, Twitter and Solarcity went bankrupt. That's what really happened.
I hope the CxO's at companies realize this, and so realize that Musk's big plan for Twitter ("just fire everyone, keep collecting the income") had a slightly different outcome when put into practice: fire everyone, rehire half, get publicly shamed by important people refusing to go back, bankruptcy in 2 years, 5 months. In other words, since 2022 Musk lost 5 million per day, on average, for 2.5 years.
Let that sink in!
- fundad 1y agoIt wasn't about revenue, it was about a massive propaganda and surveillance apparatus.
- spwa4 1y agoIs that why he, and his entire management staff, were seen begging for advertisers to return ... how many times now? 5? Not sure. https://finance.yahoo.com/news/elon-musk-begs-advertisers-return-141046928.html https://finance.yahoo.com/news/elon-musk-begs-advertisers-re... Clearly it was about revenue, at least to an extent.
- jjfoooo4 1y agoIt was about very stupidly thinking that selling subscriptions to Twitter would be more profitable than selling ads