He didn't start Tesla, as much as he likes to pretend he did.The fact is, pretty much everything in Musk's past indicated that he would tank at the job of CEO if he didn't start the company to begin with.
Early starter problems, like gutting and setting on radioactive fire an established company with an already go-to product? Interesting.This reminds me of the early starter problems faced by Tesla and SpaceX - now look where they are!
I hope he introduces new features that make Twitter the go to place and pulls traffic from the others, I still wouldn't bet against Musk.
its a private company, he has no obligation to tell the truth about the state of business at all (except in private communications to shareholders).And everyone should keep in mind that July was the month where Musk essentially turned off Twitter to anyone who wasn't logged into an account, while severely throttling it for anyone without a blue check. There is zero chance that July ends up better than June for advertising revenue. It's more trying to measure how catastrophic the decrease was.
But I'm sure whenever Musk offers his thoughts on how Twitter is doing financially, he'll assure everyone that the next month is "looking promising".
I can't tell if you're a parody sarcasm account, or actually serious, and I suspect no one else can either. If you are, then you should probably start including /s at the end of your comment.This reminds me of the early starter problems faced by Tesla and SpaceX - now look where they are!
I hope he introduces new features that make Twitter the go to place and pulls traffic from the others, I still wouldn't bet against Musk.
Honestly, this is the craziest part to me. It's not like he really needed to take on 13 billion in debt in order to be able to afford buying Twitter, and the vast majority of his problems with Twitter are a result of trying to cover that extra 1.5 billion in costs.
While recognizing that his success with SpaceX and Tesla are due to a lot of other people's work etc etc, I always felt like one of the reasons those companies have flourished is because he was willing and able to make decisions based on the long-term health of the company and not just the next quarter's statement. His behavior all around w.r.t. Twitter is just inexplicably insane.
Would be funny as hell if Space X started to sell advertising space on the side of its rockets.
Edit: Viagra or Cialis would seem like a natural fit
A lot of breaking news gets faster details there than anywhere else. For my needs, and about the only thing I still use it for, the war in Ukraine gets better, more detailed coverage there than anywhere else that I've seen, especially if you avoid general words like counterattack and search for specific cities like Klishchiivka, Berkhivka, Kupiansk, and Staromaiorske (the searches from the last few days for me). I'd love a better platform, and some of it is over on Mastodon, but most haven't made the leap yet.I'd argue there are only three things that are keeping Twitter usage at the level it is.
1. Government alert pages - Lots of government agencies use social media for alerts and warnings, Twitter included.
2. "Free" porn - Still easy for anyone to view content to their hearts desire even if they have to wade through the thousands of OF sellers.
3. Art promotion - Its easy for me to see artwork of something I like and find other artists of similar quality/content.
Literally everything else is spam and white noise because anyone else competent has left.
I would assume he's talking about the massive cuts he made after loading the company with an incredible amount of debt. Publicly traded companies that are near bankruptcy trade for pennies. Not the $25-35 range it was running in pre-Musk.And like a lot of things he says, I'm willing to bet that's bullshit.
He's still not going to give you a pony,This reminds me of the early starter problems faced by Tesla and SpaceX - now look where they are!
I hope he introduces new features that make Twitter the go to place and pulls traffic from the others, I still wouldn't bet against Musk.
despite Musk predicting profits last quarter
Assuming he’s not just outright lying about the magnitude of the drop - which is entirely possible since, with the US and US states being pretty much the only major western jurisdictions that don’t require private companies to make their audited financials publicly available, the only people who could contradict (I assume the lenders and co-investors get the audited numbers) him are almost certainly bound by confidentiality agreements - I suspect there’s some rounding down to the nearest half integer going on.I'm shocked it's only a 50% drop. Are SpaceX and Tesla being bled dry with advertising contracts to inflate the remaining figure to 50%?
I logged in today to get in touch with a specific person, and my ads were betting shops and pro-Vegan outfits.I don't know about your experience, but lately for me more than 50% of ads consists in dropshippers with a randomly generated "shop" name, a randomly generated handler, a AI-generated logo, showcasing a cheap, low-quality gadget from some untrustworthy Chinese source sold off as a revolutionary life-saver, and no chance to reply and expose the scam (only quote tweets, but only a few read them).
Maybe we collectively agree we won't feed this obvious troll account?How is anything at Tesla or SpaceX remotely similar? All the engineering challenges behind a massive site like Twitter were worked out many years ago. What do you think Elon can actually bring to the table? Literally all infrastructure at Twitter has gone down hill since he took over. They have scalability and rollout problems they never had before. The EXACT SCENARIO was predicted by literally hundreds of thousands of engineers in the industry. Fucking STUDENTS knew it could happen.
You're incredibly ignorant about software and everything else he's ever done. Your ignorance is what enables your asinine fanboyism. Go read a fucking book and stop listening to this asshat
Yes but.Question: If you double Twitter's advertising revenue, would they be cashflow positive? Based on the interest payments, my guess would be no...
(And i know, it would be hard to answer because they don't publicly reveal the numbers now)
Technically yes, but twitter sold the trombone’s slide to aid the revenue efforts, so it might sound a little different than you’re accustomed to. Subscribe to Blue and you can access a recording of the whole trombone in RealPlayer format!!Are we still doing sad trombone noises?
What you mean? He’s an official founder and he has the court papers to prove it! /sHe didn't start Tesla, as much as he likes to pretend he did.
My guess is he'll first of all funnel money from SpaceX, Tesla and as many of his other companies as he can swing the advertising budget for.I've a bet on the period between late October and late January when this particular house of cards collapses, that is without Musk funneling his own money into Twitter to keep it alive.
Sometimes my conscience bugs me about my ad / script blocking add-ons, but Twitter isn't one of those cases. Thanks for confirming that there's no reason to worry.I logged in today to get in touch with a specific person, and my ads were betting shops and pro-Vegan outfits.I don't know about your experience, but lately for me more than 50% of ads consists in dropshippers with a randomly generated "shop" name, a randomly generated handler, a AI-generated logo, showcasing a cheap, low-quality gadget from some untrustworthy Chinese source sold off as a revolutionary life-saver, and no chance to reply and expose the scam (only quote tweets, but only a few read them).
Irony is, sometimes it's Twitter itself that warns the readers with its usual "context" panel below the promoted tweet. Twitter playing against itself haha...
If that's the future of Twitter advertisement, I'm not surprised it's such a disaster. And it's so, so very sad that Elon was once viewed as an environmental supporter when has made Twitter another means of the most inconsiderate capitalist commercial economy.
Quality stuff.
Somewhere in a desert far away, wire cutters are being sharpened...
By fall, Twitter will have Full Self Advertising.And like a lot of things he says, I'm willing to bet that's bullshit.
Which is telling in a different way: Musk has thrown the advertising doors open to anyone with a pulse, no matter how scammy, and still claims that his revenue is down 50%. That, in turn, implies that revenue from Twitter's original advertiser base is down more like 95%, that nearly everyone who used to spend money on Twitter has walked away.I logged in today to get in touch with a specific person, and my ads were betting shops and pro-Vegan outfits.
Quality stuff.
It is bullshit. Twitter was profitable before Elon. Over 60% of the daily costs Elon cited (losing 4 mil a day) is directly due to the $1bil a year twitter now has to pay for Elon's debt in purchasing twitter (about 2.7 mil). And that's if we even trust the 4 mil number. Combine that with losing 50% of your ad revenue (also due entirely to Elon), and it's pretty obvious what happened at twitter. Elon very deftly destroyed it himself.And like a lot of things he says, I'm willing to bet that's bullshit.
Again, it was destroyed the moment he signed the paperwork and saddled Twitter with all the debt. From there, failure was inevitable. It was, at that instant, no longer a question of if, but a question of when it would fail. The best management in the world would merely have delayed the bankruptcy, and Elon Musk is not the best management in the world.It is bullshit. Twitter was profitable before Elon. Over 60% of the daily costs Elon cited (losing 4 mil a day) is directly due to the $1bil a year twitter now has to pay for Elon's debt in purchasing twitter (about 2.7 mil). And that's if we even trust the 4 mil number. Combine that with losing 50% of your ad revenue (also due entirely to Elon), and it's pretty obvious what happened at twitter. Elon very deftly destroyed it himself.
Leaving Twitter operate as it was when he purchased it would have been more successful. At last the revenue was there to try to reinvent itself. Now there isn't even enough revenue coming in to pay the month's rent.Even with all of his accomplishments in the 21st Century economy, there was nothing in Musk's past that pointed to his ability to make Twitter an economic success.