Twitter

[Beany]

As long as it comes out of Twitter's liquid assets, who cares

[Beany]

More on the whole FAFO train:

https://fortune.com/2024/08/15/elon-mus ... -ferguson/

Ferguson based his assessment on internal second-quarter figures recently obtained by the New York Times. According to this report, X booked $114 million worth of revenue in the U.S., its largest market by far. This represented a 25% drop over the preceding three months and a 53% drop over the year-ago period.

That already sounds bad. But it gets worse. The last publicly available figures prior to Musk’s acquisition, from Q2 of 2022, had revenue at $661 million. After you account for inflation, revenue has actually collapsed by 84%, in today’s dollars.

No one knows how much longer X can survive, since the company doesn’t release financial results. But in November, Musk himself admitted X could face bankruptcy due to the advertiser boycott.

Since then all talk about reaching cash flow breakeven, let alone turning an actual profit, has ceased. In and of itself this is unusual for someone like Musk, who is comfortable announcing targets so aggressive and unrealistic that he repeatedly fails to meet them.

[Simon]

Maybe being an outspoken fascist cunt isn't the look that advertisers want on the platform? Who knew?

[Beany]

Maybe being an outspoken fascist cunt isn't the look that advertisers want on the platform? Who knew?

But Simon, he's a billionaire, that means he knows better than us...

[Gavster]

I occasionally pop onto Twitter to see how many bots have followed me, it's usually around 65% bots to 35% real followers. It still completely bends my brain that he took the worst social media platform and made it far, far worse. I mean, it's not rocket science and he's done alright with that.

[V8Granite]

I don’t think he cares at all, I just think he wanted rid of the involvement of the FBI and advertisers directing what news should be let out.

A part of me thought he would give it 12 months and then remove it from existence.

Dave!

[Sundayjumper]

I mean, it's not rocket science and he's done alright with that.

Very good

[Rich B]

I mean, it's not rocket science and he's done alright with that.

Very good

i liked that too!

[Gavster]

[Alex88]

More on the whole FAFO train:

https://fortune.com/2024/08/15/elon-mus ... -ferguson/

Ferguson based his assessment on internal second-quarter figures recently obtained by the New York Times. According to this report, X booked $114 million worth of revenue in the U.S., its largest market by far. This represented a 25% drop over the preceding three months and a 53% drop over the year-ago period.

That already sounds bad. But it gets worse. The last publicly available figures prior to Musk’s acquisition, from Q2 of 2022, had revenue at $661 million. After you account for inflation, revenue has actually collapsed by 84%, in today’s dollars.

No one knows how much longer X can survive, since the company doesn’t release financial results. But in November, Musk himself admitted X could face bankruptcy due to the advertiser boycott.

Since then all talk about reaching cash flow breakeven, let alone turning an actual profit, has ceased. In and of itself this is unusual for someone like Musk, who is comfortable announcing targets so aggressive and unrealistic that he repeatedly fails to meet them.

Great news.

I would love to see that shithole collapse. If nothing more than to demonstrate that when Musk is directly in charge of something, rather than taking credit for other people's ideas and accomplishments, he's exposed as an incompetent man-child who has no idea what he's doing. The amount of gaffes he's had since taking over is astounding.

I'm glad that the perception of him being some sort of modern day Einstein has finally worn off. That was so irritating.

I stopped using Twitter ages ago (not calling it X). Too much misinformation, right-wing propaganda, and bots. Just a rubbish platform now with no direction and the absolute worst leadership.

[Mito Man]

Sometimes my twitter changes from 'following' to 'for you' and it really is full of bat shit crazy people. However I think that ironically it's even more useful for government surveillance now. Before any extremists would get banned. Now everyone has this false comfort that it's free speech and anything goes. I don't think nearly as many of those people in the UK spouting bollocks during the riots would have done so or been able to under the old regime. So Musk in saving everyone from the big government backed tech world and giving everyone a voice, no matter how extreme, has just exposed them.

[Matty]

Before X I lived on blissful ignorance of the level of moronity that existed.

[DaveE]

Before X I lived on blissful ignorance of the level of moronity that existed.

I think the expression is "living in blissful ignorance"?

Moron

[Alex88]

Sometimes my twitter changes from 'following' to 'for you' and it really is full of bat shit crazy people. However I think that ironically it's even more useful for government surveillance now. Before any extremists would get banned. Now everyone has this false comfort that it's free speech and anything goes. I don't think nearly as many of those people in the UK spouting bollocks during the riots would have done so or been able to under the old regime. So Musk in saving everyone from the big government backed tech world and giving everyone a voice, no matter how extreme, has just exposed them.

Yeah, it's a good point tbf. I hear that some of the right wing weirdos have gone full nutter on there since Musk gave them free reign to exercise 'free speech'.

Like you say, it's allowing them to incriminate themselves, so not all bad.

[Rich B]

i don’t really get twitter - it just seems the most aggressive and nasty place. full of racists too.

[ZedLeg]

I gave up on it recently.

Couldn’t remember the last time I had a conversation that didn’t end with a blue tick throwing slurs around for attention and it wasn’t a fun place to be anymore.

[DeskJockey]

Come over to BlueSky! I'm still on twitter because there are some decent people that I follow that haven't moved yet.

BlueSky is a much nicer place, and so far I've not come across anything even remotely as awful/nasty/stupid as on Twitter.

[jamcg]

I’ve also recently deleted twitter because I was sick of always seeing videos of fights, people getting stabbed/shot and generally a shitload of violence

[Simon]

I occasionally pop onto Twitter to see how many bots have followed me, it's usually around 65% bots to 35% real followers. It still completely bends my brain that he took the worst social media platform and made it far, far worse. I mean, it's not rocket science and he's done alright with that.

The only reason SpaceX has done well is that Musk has been kept the fuck away from it - it has a decent leadership of its own, and Musks batshit crazy ramblings aren't likely to deter it's core customer base. Look at Twitters collapse and Tesla's falling sales to see the current real 'Musk effect'.

[integrale_evo]

Even then space x has only done a fraction of what musk has promised he could do now or was easy.