Twitter

[integrale_evo]

Is that real actual billions in the bank or potential crypto billions?

Obviously he’s done alright for himself but I can’t stand him and his constant stuttering lies and bullshit which everyone seems to totally ignore because rich and rockets and stuff.

[Mito Man]

In many ways billionaires are a bit like athletes. They’ve got a short period of extreme success when they’re in their prime. Then they make a series of ever more poor decisions.

[Beany]

Musks 'genius' on show again?

[Rich B]

[ZedLeg]

Oops

[mik]

Blimey

[Beany]

Pfft, they're charging staggering amounts for a substance whose development was paid for by public money, and was intended to be given away at cost, by exploiting 'incremental improvements' in their own versions to maintain patents, with added price gouging where ever they can get way with it.

https://www.vox.com/2019/4/3/18293950/w ... -expensive

Fuck 'em. They can burn in hell.

[speedingfine]

[Beany]

[Beany]

A useful summary for those who haven't been following in detail.

https://www.theregister.com/2022/11/11/ ... musk_week/

[Simon]

I saw this earlier, but with the twitter logo on the building that's on fire.

[Beany]

I suspect the Chuck Tingle account to be banned soon.

Although as it's not blueticked I can't be sure it's official.



If you know, you know. If you don't, for fucks sakes do NOT google it.

[mik]

[Sundayjumper]

[Gavster]

Tbh it’s not surprising Musk is so determined to succeed, he had a ducked up childhood. His dad’s a nutter who beat his family and literally laughs about the time he murdered three people in his home.

[tim]

You watched it then Gav?

[Beany]

The results of genius

[Beany]

I'm sure that Twitter Blue's income will have covered that thou.....oh

https://mashable.com/article/twitter-bl ... er-numbers

In a best-case scenario where Twitter continues to gain 30,500 subscribers every day with zero cancellations, Twitter is looking at generating $7.32 million per month, or just over $87.8 million per year. That's not quite the half of $5 billion that Elon Musk seeks.

In a piece published earlier this week, Mashable looked at just how many paying subscribers Twitter could reasonably expect using industry standard e-commerce conversion rates and landed on around 600,000. Using Sensor Tower's data, Mashable also estimated that the previous version of the Twitter Blue plan only had 105,000 subscribers paying $5 a month. Casey Newton of The Platformer newsletter later corroborated this estimate, finding that Twitter Blue had "a little more than 100,000 active subscribers."

Musk has put all his eggs in this basket. In his first email to Twitter employees this week, its new owner stated that he wants half of the company's revenue to come from subscriptions as advertising revenue plummets since he took over. Twitter made $5 billion in 2021, so he'd need more than 26 million users a month to that monthly $8 fee. Musk has also said that Twitter's losing $4 million a day, so he'd need 15 million paying subscribers just to cover the $120 million in monthly expenses.

[ShockDiamonds]

I do wonder what is going to happen to Twitter. Presumably he cannot afford to sell it without losing out both financially and in reputation. But the current trend suggests it will be run down to a point where it represents a viable proposition for somebody else to take over? And at that point it will return perhaps to a point it was at in the past…?

[tim]

I think in all probability there'll be a week or two of fuss and posturing by all sides, then it'll settle back down into exactly as it always has been. An echo chamber of clans and pile-ons.

I'm hoping they ditch the tick for Blue and add some more value to it as a small subscription payment. £6.99 is little enough to not care. Although I'm lolling at all the "OMG yOi PAiD foR a BlUE TiCK" hate and people working out how to auto-block blue subs as if they're some kind of weirdo scum. Twitter just being twitter I guess.