KRISTEN'S BOARD
KB - a better class of pervert

News:

Elon Musk Destroys Dying Twitter.

Pornhubby · 693

0 Members and 1 Guest are viewing this topic.

Offline Pornhubby

  • POY 2013
  • Super Freak
  • Burnt at the stake
  • ******
    • Posts: 7,504
    • Woos/Boos: +1610/-24
  • Ph.D in Perversity a/k/a_ToeinH2O
on: November 05, 2022, 04:09:22 PM
Elon Musk just flushed $44 billion down the toilet to buy Twitter, because he did not like content moderation and felt like he was being “disrespected.”

Twitter was already dying. Since its creation in 2013, it is only had two years that it turned a profit. 2018 and 2019. Otherwise, Twitter has lost $500 million a year on average.

Musk thought he could do a Dodgcoin flip with Twitter. He already owned 18%, so his announced offer to buy was most likely designed to cause a price spike, allowing him to unload shares for a tidy profit. But Twitter jumped on that offer, making the FCC investigate. They basically told Musk that he either made a legitimate offer, which had been accepted, or he was attempting to manipulate share price, which happens to be a Federal offense.

Musk first fired all the content moderators. Then he fired 50% of the technical support staff yesterday. They locked everyone out of the server and the physical office, and sent emails to every employee advising if they needed to come back or not. To add insult to injury, many of the firing decisions were made based solely on the amount of code the employee had written in the previous 12 months. Anyone will tell you competent IT administrators write far less code than newbies and interns. So the brain drain at Twitter continues, with a lot of very knowledgeable experienced people being shown the door based on totally irrelevant criteria.

Musk’s family made its fortune with apartheid blood emeralds. He is a rich spoiled kid from a very strange family, who took a lot of money, and turned it into more money. Just like Donald Trump. He’s also a megalomaniac, a narcissist, and mentally unstable, just like Donald Trump. He has 11 kids with 5 different women, most recently twins with a Tesla employee.  His father sired two children with Elon’s step sister. This family is whack.

Twitter is a dying technology. People are not interested in microblogging like they were a decade ago. Because we moved on to the TikTok generation. Everything is video. Add the only people that are actively contributing to 90% of Twitter‘s posts count, are a core group of people constituting only 10% of the subscribers. Musk is driving off tens of thousands of members a day, and advertisers are following. I think Musk is having a total “oh shit” moment. Because he’s got his back to the wall, and there’s not a goddamn thing that can be done to change the trajectory he has created.

What will be interesting now is to see how this affects Tesla. Because Tesla is a highly over rated, over priced entity. Musk only owns 25% of it, but he has pledged most of that to secure loans.  Tesla is a publicly traded company, meaning that it has a Board of Directors with fiduciary responsibilities. And I could see this problem with Twitter and the $44 billion in debt, leading to Musk’s removal from the board. The truth of the matter is Tesla, novel technology when founded, is quickly being overtaken and surpassed by no less than five other EV makers, including Ford and GM.

One final comment. The QAnon MAGA idiots, overall declaring Musk to be their “free-speech“ hero, because he has opened Twitter (and participated) to hate speech, which has increased this week by a exponential order. Now I want to see those same red hat right wingers all go buy a Tesla, because they love Elon.

 :emot_laughing: :emot_laughing: :emot_laughing:
« Last Edit: November 05, 2022, 08:28:03 PM by Pornhubby »

”You can be mad as a mad dog at the way things went.  You can swear and curse the fates.  But when it comes to the end, you have to let go.” — The Curious Case of Benjamin Button


Offline LtBroccoli

  • Degenerate
  • ***
    • Posts: 176
    • Woos/Boos: +33/-0
Reply #1 on: November 05, 2022, 06:46:33 PM
Spot on, Pornhubby.  I'm one of the old guard Twitter users.  I signed up during the private beta, and was an on-again, off-again user for a long time.  I survived the Russian Bot attacks, engaged in information wars.  Hell, I had a daily alarm set to send a tweet to Ted Cruz to tell him to go fuck himself with a link to the MILF porn he accidentally tweeted out years ago just because he wasn't allowed to block me.But ever since Musk started dicking around with Twitter, I knew the time to leave was coming up.  Twitter is like a modern newspaper.  It's hemorrhaging money left and right but it is vital for following journalists and instantly breaking news.  And since I don't have a face for video nor do I want my face out there with TikTok, I keep using Twitter until I find a better alternative.  I've heard some interesting things about Mastodon, might check that out this weekend.

The Twitter fiasco has pulled the mask off of Elon Musk.  He's not some brilliant engineer, he's not some great programmer.  Hell, he's not even remotely smart.  He's a smarmy conman who was in the right place at the right time with x.com and PayPal.  He's showing the world that he's nothing more than a whiny man-child, a narcissistic little shit who doesn't have a clue about how to run a company that doesn't have a reputation in the field as being a great stepping stone.  I've talked to more than a few people that have worked for Elon at SpaceX and Tesla.  The average stay is just long enough for the first set of stock options to get vested, cash out, and look for another job.

Elon Musk is doing a speed run on destroying Twitter.  I'm trying to figure out if this was intentional or accidental.  Hate Twitter as much as it deserves, it has been at the forefront of many conflicts helping people coordinate and communicate.  When I need news in 10 seconds, I'm on Twitter.  I can see in realtime missiles hitting Russian convoys or watch as a hurricane barrels into Florida.  When the Arab Spring happened, they used Twitter.  When the BLM protests started, they used Twitter.  When Iranian women started throwing off their hijabs, they used Twitter.

Musk is the kind of egotistical, narcissistic, sociopathic man-child who would buy the company on a whim to break it, but he overextended himself.  His status as "world's wealthiest man" is a fabrication held up by Tesla stock, and that stock is so vastly overvalued that anyone caught holding it by the end of 2024 will be praying for the days of Lucent.  And the Saudis are behind Musk's big deal.  You know, the murderous regime that has a lot to worry about from popular uprisings.  Combine that with Russian psyops using Twitter to great effect in the last decade against Americans and Europeans, and it becomes pretty obvious that Musk is the right kind of useful idiot they need.

Do I enjoy watching Musk burn his empire to the ground?  Absolutely.  7 years ago the Tesla Model S was my dream car.  It was the most perfect machine I ever drove.  The Model X was amazing.  The Model Y...meh.  The Model 3 was the largest disappointment I've ever driven.  It was an okay car, but had the most uncomfortable seats I've ever sat in, and I owned a Fiat and a Cavalier back in the day.  I used to have Solar City, but when Tesla bought them out I couldn't wait to get away from their piss-poor service.  See, we can blame Musk and his PayPal cronies for the modern state of customer "service" in Silicon Valley.  They figured out there's no money to be made in providing good service, only in constant expansion.  They view customer service as a waste of money.  So instead of focusing on providing a good experience, they make it so miserable that no one ever wants to call them.  It is why PayPal support sucks, why Tesla support sucks, and why Twitter support will suck.

Musk is going to lose not only the $44 billion he spent on this deal, but will tank Tesla's stock in the process.  He's only rich now because of several pump&dumps he's done to inflate Tesla's stock.  They were somehow valued at a $1.2 trillion market cap, even though they account for maybe 3% of the global new car sales.  They're busiest year in the states so far is still less than what Ford makes of the F150, and their build quality sucks.  What's worse, remember that rant about shitty service a paragraph ago?  That's Tesla in a nutshell.  They ship cars with missing parts, poor quality, non-existent QA, then tell their new customers to set up an appointment at a service center to get it fixed, maybe sometime in a few weeks.  That's assuming they even deliver the right car.  But a lot of people will put up with some bullshit if they think they're helping the planet or making a difference.  But Tesla's aren't the only EV's on the market anymore.  Hell, earlier this year I bought an F150 while I'm waiting for my spot in the Lightning queue to come up in the next year or two.  Even with a long delay and wait, I will likely get an electric pickup truck from Ford long before the Cybertruck even hits the market, let alone when they churn through all of their "preorders."  And aside from wanting a truck, the choice was either a used F150 that I knew was on the lot that day, or wait 6 months for an EV to get delivered.  But out of all the cars I looked at, Tesla wasn't in that final list.  Why?  Because Musk is killing the brand.  He's doing everything he can to court the right-wing, anti-vax, conspiracy nutter, racist, misogynist, bigoted knuckle draggers around the world as he cries about "free speech" while simultaneously banning anyone who disagrees with him.  Tesla's are losing their cool because of Musk, terrible changes made to the vehicles, piss-poor service, and the brand losing what goodwill it had developed over the years.

It'll be interesting to see how long it takes Twitter to crash under Elon's leadership.  He fired the people responsible for moderating content.  Then cried when the advertisers raised concerns, calling it an attack by "activist journalists."  No, McDonald's doesn't want their ads in the background of the screenshot of the next mass shooter's diatribes.  Having "I'm Loving It" plastered all over a page of someone denying the holocaust or saying how he wants to shoot up his school is not good for their brand.  And when the COO of the largest marketing conglomerate points this out to Elon, he does a smooth-brained move blocks him.  This man is responsible for about half of the ad buys on Twitter and every major company that puts money into them.  If Elon thought that Twitter was losing money before, wait until the advertising runs out by the end of the year.

By putting up his Tesla shares as collateral, he's standing to lose his fortune with at least 2 companies.  And with how much he's screwing around with the US government over Ukraine and being Putin's mouthpiece, those SpaceX contracts have to be under review as well.

In the meantime, I'll look for a new place to take my Twitter time.  As will thousands if not millions of us that count as the "core 10%."

Always close the program you're running before exiting the holodeck

Author's Directory is located Here


Offline Pornhubby

  • POY 2013
  • Super Freak
  • Burnt at the stake
  • ******
    • Posts: 7,504
    • Woos/Boos: +1610/-24
  • Ph.D in Perversity a/k/a_ToeinH2O
Reply #2 on: December 27, 2022, 06:28:39 PM
Tesla is down 70% year to date. $730 Billion in equity erased. Bill Gates has been aggressively shorting Tesla shares. The shorties have picked up over $16 Billion in returns this year.

”You can be mad as a mad dog at the way things went.  You can swear and curse the fates.  But when it comes to the end, you have to let go.” — The Curious Case of Benjamin Button


Offline RUB

  • Not Yet A Pervert
    • Posts: 1
    • Woos/Boos: +1/-0
Reply #3 on: November 28, 2024, 06:18:37 PM
LOL!

This aged well. NOT.

Long Live X!

MAGA!