Twitter

[Mito Man]

I can only aspire to be 4 times thicker than Elon but have 1/4 of the money

[DaveE]

They've had some profit recently, but not very much

Especially considering the amount of debt they and Musk are now saddled with (and the repayments on that alone)

[Gavster]

You can't judge Musk's success or failure in Twitter after er... two weeks in the job most people are still onboarding at that point, while he's done more than the previous board had in two years. He might fail, however that's something we'll find out in a few months or even years. Finances gone down? Of course, there's been a lot of shocks and changes, what did you expect? If you think he should have increased revenue in 14 days then you have utterly unrealistic expectations of the business. You can't increase revenue on a lossmaking company by doing the same as before, you have to break things.

Most of you seem to have some kind of perfectionist stance, as if we should all spend years planning strategy, or only launch perfectly developed products, which would both be barriers to innovation. The success of an entrepreneur is most commonly determined not by how clever, rich, or skilled they are - the most skilled people in any field are usually employees - it's how quickly they can execute, make sales, and iterate.

[Jobbo]

They've had some profit recently, but not very much

Especially considering the amount of debt they and Musk are now saddled with (and the repayments on that alone)

That shows they've been in profit for all quarters other than the one in which they made the litigation provision - up until Musk, of course, which is the fall in the last quarter on this chart. The scale doesn't really give a proper indication of the figures; the peak is $1.2bn in one quarter. They were doing OK; turnover was going up, so a gentle guiding hand to control costs while still increasing turnover was required. Although the P/E ratio still looks fundamentally high but hey, that's tech companies for you.

[ZedLeg]

You can't judge Musk's success or failure in Twitter after er... two weeks in the job most people are still onboarding at that point, while he's done more than the previous board had in two years. He might fail, however that's something we'll find out in a few months or even years. Finances gone down? Of course, there's been a lot of shocks and changes, what did you expect? If you think he should have increased revenue in 14 days then you have utterly unrealistic expectations of the business. You can't increase revenue on a lossmaking company by doing the same as before, you have to break things.

Most of you seem to have some kind of perfectionist stance, as if we should all spend years planning strategy, or only launch perfectly developed products, which would both be barriers to innovation. The success of an entrepreneur is most commonly determined not by how clever, rich, or skilled they are - the most skilled people in any field are usually employees - it's how quickly they can execute, make sales, and iterate.

I don't think anyone was expecting him to be making a profit on Twitter so soon after he pushed like $15bil(?) in debt on to them. You've actually hit the nail on the head when you say most people would still be onboarding after 14 days. Musk bought twitter with no idea what to do with it and now instead of learning he's just throwing shit at a wall and seeing what sticks. It's a bonkers way to manage a business of that size, as someone said recently move fast and break stuff works when you're building a start up in your spare room, not so much when you've got an active app with millions f users and advertisers to keep happy.

[dinny_g]

If people have no money due to conditions that have come about potentially due to information propagated because of policies of certain platforms they can't buy said products or services no matter how many adverts are served up to them and ad revenue is pulled.
It's like because of their policies they've bought about their own destruction which is funnier although quite depressing as the impact globally of said policies are huge.

Woah...

[speedingfine]

He's not the messiah, he's a very silly boy.

[Beany]

I largely think the hate is because these same people wouldn't have the balls to do what he does publically with companies like this. I find it and him really fascinating.

Am also amused/bemused the hate has already started on those with Blue subs. I'd like to see an option to remove the tick, but keep the additional feature set.

Well...

[ZedLeg]

It's pretty funny that the only people defending the TwitterBlue debacle on twitter are clearly bots.

[Beany]

The bot doesn't note that Must directly enabled the situation of course.

"Well of course he's still healing in hospital, you can't expect the doctor to magically fix all those broken bones of the patient - it takes time"

two hours earlier

*doctor beating the shit out of patient with a lead pipe*

[tim]

My little blue tick hasn't gone away, yet at least. I have noticed the Official mark seems to be re-appearing though.

Much lols.

Edit: I suspect this is a response to all the cement heads creating fake accounts to prove some point or other.

[DaveE]

To confirm, this is not being agile, this ie not "move fast and break things", this is not "build, measure, learn"

This is headless chicken mode

This is making big decisions being made without any knowledge or appreciation of their impact

[Simon]

The problem is that he's now conflating a verified user tick with paying users. So there's nothing to stop me setting up as Boris Johnson, paying $8, getting a blue tick and going absolutely wild with complete bollox and insults. Lots will think I'm the genuine Boris.

He needs a different system for paying users and verified users, end of.

But then again, the guy is an absolute throbber so none of this is surprising.

They’re not going to remove the verification process, that would be ridiculous, you’ll still need to provide evidence of your identity, as you always have done.

First page guys

[Beany]

It's almost like removing the verification process itself, and introducing a non-verified process that costs very little, and allows you to get an account perk that makes you look to a casual bystander like a verified account, was a really, really fucking stupid idea - with utterly predictable results.

I'm still amazed people are looking at this going "this is how entrepreneurs work, they're disruptive and make big changes!" rather than looking at this absolute car crash and realising that Musk is a mixture of staggeringly, breathtakingly arrogant and utterly thick as mince.

[Simon]

Lol.

This is fascinating reading.



Click the article in the second tweet.

'Oh noes, imagine the spoilt child of rich emerald mining parents who basically gamified the entire automotive carbon offsetting industry to build a car company that it's psychophantic fans trip overthemselves to own, isn't such a genius after all.'

I liked it when the first falcon 9 landed, and when the first falcon heavy boosters landed and that the US can give two fingers to Roscosmos, but the rest of him, his companies and his followers can get in the bin.

[Mito Man]

Is the emerald mining stuff true?

[Simon]

Yes. His parents owned an emerald mine.

[tim]

I'm amazed by all the experts on here who know what the problem is here, whilst simultaneously not being billionaires.

[Rich B]

I'm amazed by all the experts on here who know what the problem is here, whilst simultaneously not being billionaires.

im amazed by the people on here who think that because someone was very successful in some things means they can only make right decisions in everything else they do.

We've seen other billionaires admit they got things wrong this week - maybe it's possible that other billionaires could actually make mistakes too??!

[speedingfine]

Dude's an entrepreneur Rich, it's different