Jump to content

Big Tech Twits Get Dumber and Corrupter!


Zorral
 Share

Recommended Posts

Ok, here's the good business sense.

1) Let your tool atrophy such that you accidentally encourage users to view animal torture videos

2) Treat all concerns, legitimate and not, with disdain

3) Rip out all autocomplete functionality because you can't easily solve the problem you create

4) ummm, profit?

No wonder Elon's net worth is so much greater than mine. Only someone with such a staggering intellect could guide a company through this ride with the wisdom and long term perspective as a fly on shit.

 

Link to comment
Share on other sites

As people are commenting, that whenever shyte hits the fan and the current power structure can't fix it, has made a dreadful mess, and / or can't win, put in a woman, well, here comes this:

 

Link to comment
Share on other sites

Bold strategy cotton:

https://www.cnbc.com/2023/05/16/elon-musk-defends-inflammatory-tweets-ill-say-what-i-want.html

Quote

 

“I’ll say what I want, and if the consequence of that is losing money, so be it,” said Musk, who owns Twitter.

Musk has for years tweeted controversial items, including conspiracy theories and comments his critics have called broadly discriminatory.

His defense came after Musk caught renewed criticism for a tweet in which he likened liberal billionaire and Democratic donor George Soros to X-Men villain Magneto, a Jewish Holocaust survivor.

“He wants to erode the very fabric of civilization. Soros hates humanity,” Musk tweeted Monday.

 

 

Link to comment
Share on other sites

20 minutes ago, Kalnestk Oblast said:

Soros hates humanity,” Musk tweeted Monday.

Yet which of the two the musk or Soros, is doing everything he can to get rid of humanity and leave it behind? Hint: not Soros . . .

Link to comment
Share on other sites

  • 2 weeks later...

Head of engineering group at Twitter quits effective yesterday after DeSantis meltdown. His quotes are legendary doublespeak.

https://www.bbc.com/news/business-65717731

Quote

However, Mr Dabiri said: "Working with @elonmusk has been highly educational, and it was enlightening to see how his principles and vision are shaping the future of this company."

 

Edited by Kalnestk Oblast
Quite is not quits
Link to comment
Share on other sites

Twitter drops in value by 2/3rds of what it was bought for in just 8 months of time, wiping out $30b in valuation.

https://arstechnica.com/tech-policy/2023/05/twitter-value-keeps-falling-under-musk-now-worth-a-third-of-what-he-paid/

Quote

"Fidelity Blue Chip Growth Fund's stake in Twitter was valued at $6.6 million as of April 28, according to the fund's monthly disclosure released Sunday," The Wall Street Journal wrote today. "That is down from about $19.7 million at the end of October, shortly after Musk's takeover, and the third time Fidelity has marked down the value of its Twitter stake, public disclosures show."

 

Link to comment
Share on other sites

2 hours ago, Kalnestk Oblast said:

Twitter drops in value by 2/3rds of what it was bought for in just 8 months of time, wiping out $30b in valuation.

There's a fairly amusing comment in the replies to the article: Elon Musk is well on his way to making Twitter a billion dollar company. "Reverse startup" indeed...

That said, it's hard to say what the valuation is based on and it might be that the people at Fidelity simply needed to come up with some number and this was their best guess. It's not at all obvious why it would be worth $15B given that it's saddled with a debt of nearly the same size and as far as anyone can tell, its revenue is continuing to drop as more and more advertisers leave. Furthermore, it's a pretty safe bet that most of its best employees have either been fired or left and it's also a safe bet that eventually its regulatory violations and non-payment of contracts will catch up to it.

Link to comment
Share on other sites

Some particularly good burns for Elmo these days.

Nothing burning quite as white hot has the money he invested into Twitter, of course.

Link to comment
Share on other sites

Things are going great at Twitter as revenues are down 56% and outlook looks worse and worse:

https://arstechnica.com/tech-policy/2023/06/twitter-us-ad-sales-plunged-59-and-internal-forecasts-are-grim-nyt-reports/

Quote

Owner Elon Musk said in an April BBC interview that "I think almost all advertisers have come back or said they are going to come back." But internal projections are grim, according to the NYT report. One internal forecast cited by the NYT predicted that Twitter's US ad revenue in June "will be down at least 56 percent each week compared with a year ago."

Twitter "has regularly fallen short of its US weekly sales projections, sometimes by as much as 30 percent," and that "performance is unlikely to improve anytime soon, according to the documents and seven current and former Twitter employees," the NYT reported. "Twitter's ad sales staff is concerned that advertisers may be spooked by a rise in hate speech and pornography on the social network, as well as more ads featuring online gambling and marijuana products, the people said."

 

Link to comment
Share on other sites

In the interests of being fair - it has managed to limp past 6 months of his ownership without being completely dead. It's lost a lot of what made it worth using, but it is still on life support.

Let's see whether it manages another 6 months as anything more than parler or gab - a lot of things are finishing efforts to decouple their business from it, so I personally expect the drop off to continue apace.

Link to comment
Share on other sites

In other news, reddit apparently looked at the pile of flaming dogshit that is Twitter and said "yes please!" They are currently planning to increase their API calls from free to "so absurdly expensive no one will pay." To force people onto their official app, which did not even exist when I joined reddit and is an absolute rubbish experience. Also the mods of reddit, unpaid volunteers who make reddit's monetization possible, use 3rd party tools that will be shut down. Then reddit announced a layoff of 5% of their workforce. All of this prepping for an IPO. Sad to watch the rats at the top scurry around to collect their piles of money before abandoning the ship. Ah, well. Tis the cycle of the internet...but I will miss reddit.

Link to comment
Share on other sites

Yes, it sucks. There's going to be a protest, but if the owners have their eyes on a pile of money from an IPO, it'll have no effect. 

Just seems crazy. "We've got a vast, thriving community of people using our site billions of times every day, Chris, so you know what this means." "Too right, Steve, I'll get the dynamite, you light the fuse." 

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

×
×
  • Create New...