Where would Twitter go after its takeover by Elon Musk ?

[TwitchySeal]

Edit: https://www.sec.gov/Archives/edgar/data/1849635/000119312522150801/d226205ds4.htm

From December 22, 2021, until the expiration of 18 months thereafter, (the “TMTG Social Media Exclusivity Term”), President Trump has agreed to first channel any and all social media communications and posts coming from his personal profile to the Truth Social platform before posting that same social media communication and/or post to any other social media platform that is not Truth Social (collectively, “Non-TMTG Social Media”) until the expiration of “DJT/TMTG Social Media 6-Hour Exclusive” which means the period commencing when DJT posts any social media communication onto the Truth Social Platform and ending six (6) hours thereafter; provided that he may post social media communications from his personal profile that specifically relates to political messaging, political fundraising or get-out-the vote efforts at any time on any Non-TMTG social media platforms. Unless notice is given, the TMTG Social Media Exclusivity Term extends in perpetuity for additional 180-day terms. In the event of a force majeure as described in the License Agreement that lasts longer than 30 days, President Trump shall have the right to invoke the suspension of the “DJT/TMTG Social Media 6-Hour Exclusive.” If the Social Media Exclusivity Term were to expire but the License Agreement remained in effect, President Trump would be required to post contemporaneously to TruthSocial and Non-TMTG Social Media.

That's interesting, I didn't know he agreed to that.

Would be funny if he just used twitter to plug truth social.

Also wouldn't be surprised if he just broke the agreement....what are they gonna do, sue him?

[suchmoon]

there is one post I read on twitter which is status of my watsapp too. It reads and I quote
elon musk has been able to successfully run twitter for days with only 50 employees - what the heck were those other 7950 were doing"
Matt Wallace - @mattwallace888
seems like 50 are more power than 7950

Now that advertisers are gone and he doesn't need sales staff etc, he can probably "run" it without any employees for quite a while. Until something breaks and there is no one left who knows how the backend works or where it all runs ("cloud" is not a place).

There are one billion and 200 million dollars in annual interest on the loans, which amounted to 36 billion dollars, or almost three quarters of the value of the deal. Elon Musk, no matter how rich he is, will not be able to continue financing a platform that will lose all his life.

The debt is 13 billion, not 36, but the key here is that Elon created it via his leveraged buyout bullshit. Before the acquisition Twitter had a lot less debt and manageable interest payments. Now it has to make extra 1.2 billion per year just to break even. I doubt that's possible with that clown in charge.

[Poker Player]

For me, twitter is a clear case of what a book called "Bullshit jobs". It is clear that now they are understaffed, but in that company worked many people who were dedicated to do basically nothing and we can see an example in the following video:

A day in the life of a Twitter employee

These companies may have been inflated by the massive printing we have had in the last few years, which caused technology stocks to continue to keep rising even when trading at outrageous P/E ratios.

This is in terms of workers. And cost control in other aspects? I find it hard to believe this tweet from Musk, but I have no way of verifying it, and given how overstaffed they were, I wouldn't be surprised:

Especially bizarre given that almost no one came to the office. Estimated cost per lunch served in past 12 months is >$400.

[xSkylarx]

Elon Musk succeeded in laying off thousands of Twitter employees by half, and promised the rest to change the working pattern with additional hours and reduce many privileges. He also made a proposal to sell the verified accounts badge to increase the company's resources.

It is clear here that Elon Musk is really seeking to increase the income of the company in which he paid that huge amount.

Reports indicate that the company has not achieved annual profits since 2010, except for the years 2018 and 2019, and its loss reached one billion and 300 million dollars in 2020. The company was actually losing, and Elon Musk was involved in its purchase if he did not intend to propose amendments in the interest of the company's profits . The old owners of the company were happy with Elon Musk's offer, and when he announced his withdrawal, they sued him, and this proves that the company was not of the size on which its price was evaluated. Now everyone is waiting for the amendments that Musk will add to achieve more profits, because he is still required to pay the interest of the loans he borrowed to complete the deal.
There are one billion and 200 million dollars in annual interest on the loans, which amounted to 36 billion dollars, or almost three quarters of the value of the deal. Elon Musk, no matter how rich he is, will not be able to continue financing a platform that will lose all his life.

there is one post I read on twitter which is status of my watsapp too. It reads and I quote
elon musk has been able to successfully run twitter for days with only 50 employees - what the heck were those other 7950 were doing"
Matt Wallace - @mattwallace888
seems like 50 are more power than 7950

I also read this on Twitter, and I was shocked, but I am sure the remaining 50 employees are more involved in development there; I am not sure about the others, but Tesla or SpaceX employees are already on Twitter, so those 50 employees were the original employees. But, while it is operational, it is different from before, as other departments have closed due to a lack of employees. Elon is simply concentrating on Twitter infrastructure, which is why he no longer requires the services of other employees.

[Maestro75]

When I anticipated Twitter's demise, I had not factored in the employees packing up their bags and leaving the company to rot now that they had to actually do work instead of being paid to chat. I can only assume this will accelerate the downfall.

If they haven't been doing actual work then it wouldn't matter if they leave. Have you been reading too much of Elon's self-aggrandizing tweeterage? Now that's a person who needs to "chat" less and work more. Starting from figuring out how a company he paid $40 billion of OPM for actually functions.

Maybe Elon gets his inspiration from chatting. It was the same thing Trump did while he was president of the USA, always on Twitter chatting and alot of people thought he should not be chatting because he was president and as a president it was beneath him to do so. Now we know how those people were wrong. Old Joe who does not chat much can not outperform chatty Trump.

[suchmoon]

Maybe Elon gets his inspiration from chatting. It was the same thing Trump did while he was president of the USA, always on Twitter chatting and alot of people thought he should not be chatting because he was president and as a president it was beneath him to do so. Now we know how those people were wrong. Old Joe who does not chat much can not outperform chatty Trump.

Inspiration for what? Is he writing a book on how to flush $40 billion down the toilet? Because that's what he's doing quite successfully so far.

The aforementioned $13 billion debt is allegedly being sold for 60 cents on the dollar. Think about it, banks are willing to take a 40% haircut just to get off the sinking ship. It takes a special kind of genius to fuck it up so badly so quickly.

[TwitchySeal]

We probably won't get to mars because of Elons twitter addiction.   

[BADecker]

Elon isn't letting Alex Jones back on.     

[boyptc]

Elon Musk acquired Twitter about two weeks agao and Twitter has been All the news everywhere. His bold moves of firing a big portion of staff, changing major Twitter features and making more modifications are spurring waves of controversy. His supporters and adversaries are quite in fights. Where will Elon Musk lead Twitter ? Is Twitter heading to a wrong direction ?

I don't think it's on a wrong direction. I like the part that those huge profiles that has propaganda to run, they're probably are problematic with Elon's stance against their political will.

In line with Elon's attitude and way of managing the Twitter staffs. I think he's also applying what he's done to SpaceX, Starlink and Tesla and if it has been effective onto those companies. We're just seeing a glance of it because he's just starting to handle everything in Twitter. Although I don't like that style as it has lost people job security but that means pushing them to their utmost while he's on the management.

I've heard that he's also talking back to those that he's fired because they're the only ones that he can rely on doing their left post.

[bitgov]

Elon Musk acquired Twitter about two weeks agao and Twitter has been All the news everywhere. His bold moves of firing a big portion of staff, changing major Twitter features and making more modifications are spurring waves of controversy. His supporters and adversaries are quite in fights. Where will Elon Musk lead Twitter ? Is Twitter heading to a wrong direction ?

I don't think it's on a wrong direction. I like the part that those huge profiles that has propaganda to run, they're probably are problematic with Elon's stance against their political will.

In line with Elon's attitude and way of managing the Twitter staffs. I think he's also applying what he's done to SpaceX, Starlink and Tesla and if it has been effective onto those companies. We're just seeing a glance of it because he's just starting to handle everything in Twitter. Although I don't like that style as it has lost people job security but that means pushing them to their utmost while he's on the management.

I've heard that he's also talking back to those that he's fired because they're the only ones that he can rely on doing their left post.

twitter hit the most number of users by the time Musk has been firing the people and the users are coming to the app to check the daily update.
I'm sure - he has something on his mind too. He will build a better work environment.

[Kavelj22]

There are one billion and 200 million dollars in annual interest on the loans, which amounted to 36 billion dollars, or almost three quarters of the value of the deal. Elon Musk, no matter how rich he is, will not be able to continue financing a platform that will lose all his life.

The debt is 13 billion, not 36, but the key here is that Elon created it via his leveraged buyout bullshit. Before the acquisition Twitter had a lot less debt and manageable interest payments. Now it has to make extra 1.2 billion per year just to break even. I doubt that's possible with that clown in charge.

According to some experts, Twitter is about to introduce a new plan to support the platform's revenues and try to bridge the deficit it suffers from. The idea is that Twitter will offer video content creators to publish their videos on Twitter for an additional 10 percent over what YouTube offers. Almost this is the only logical plan among all the measures taken by Musk, especially since laying off half of the employees will not provide additional income to the platform of the required size, in addition to the project of selling the verification badge is not a good idea and may encourage advertisers to leave the platform.

[bitgov]

There are one billion and 200 million dollars in annual interest on the loans, which amounted to 36 billion dollars, or almost three quarters of the value of the deal. Elon Musk, no matter how rich he is, will not be able to continue financing a platform that will lose all his life.

The debt is 13 billion, not 36, but the key here is that Elon created it via his leveraged buyout bullshit. Before the acquisition Twitter had a lot less debt and manageable interest payments. Now it has to make extra 1.2 billion per year just to break even. I doubt that's possible with that clown in charge.

According to some experts, Twitter is about to introduce a new plan to support the platform's revenues and try to bridge the deficit it suffers from. The idea is that Twitter will offer video content creators to publish their videos on Twitter for an additional 10 percent over what YouTube offers. Almost this is the only logical plan among all the measures taken by Musk, especially since laying off half of the employees will not provide additional income to the platform of the required size, in addition to the project of selling the verification badge is not a good idea and may encourage advertisers to leave the platform.

turing to 50 from approx 4000 employee will save so much of the money.
Elon will surly get back on the track in a few months time. Twitter will flourish like tesla. And it surely will.

[o48o]

According to some experts, Twitter is about to introduce a new plan to support the platform's revenues and try to bridge the deficit it suffers from. The idea is that Twitter will offer video content creators to publish their videos on Twitter for an additional 10 percent over what YouTube offers. Almost this is the only logical plan among all the measures taken by Musk, especially since laying off half of the employees will not provide additional income to the platform of the required size, in addition to the project of selling the verification badge is not a good idea and may encourage advertisers to leave the platform.

Ok, this is beyond hilarious.

Let me get this straight: He wants youtube content creators to come on twitter, offers to pay them 10% more per view then what youtube pays?
So i am assuming that's everyone who post videos who sign for this deal?

The part i am not getting is, where does the money come from? From his own pockets? And he wants to go against the biggest steaming service and make it some sort of youtube alternative when he struggles to manage twitter as it is? It's like he doesn't know what he is doing. My bet is he doesn't

[TwitchySeal]

According to some experts, Twitter is about to introduce a new plan to support the platform's revenues and try to bridge the deficit it suffers from. The idea is that Twitter will offer video content creators to publish their videos on Twitter for an additional 10 percent over what YouTube offers. Almost this is the only logical plan among all the measures taken by Musk, especially since laying off half of the employees will not provide additional income to the platform of the required size, in addition to the project of selling the verification badge is not a good idea and may encourage advertisers to leave the platform.

Ok, this is beyond hilarious.

Let me get this straight: He wants youtube content creators to come on twitter, offers to pay them 10% more per view then what youtube pays?
So i am assuming that's everyone who post videos who sign for this deal?

The part i am not getting is, where does the money come from? From his own pockets? And he wants to go against the biggest steaming service and make it some sort of youtube alternative when he struggles to manage twitter as it is? It's like he doesn't know what he is doing. My bet is he doesn't

He should've bought porn hub.

[Desmong]

Elon Musk acquired Twitter about two weeks agao and Twitter has been All the news everywhere. His bold moves of firing a big portion of staff, changing major Twitter features and making more modifications are spurring waves of controversy. His supporters and adversaries are quite in fights. Where will Elon Musk lead Twitter ? Is Twitter heading to a wrong direction ?

The problem had already started and this will take much negotiation for Twitter to stay on the right track since the remaining employees are planning to resign since Elon Must had development much ego with pride that he is going to sack more people if he does not get what he wanted from the team. Let's see how this will play out.

[suchmoon]

According to some experts, Twitter is about to introduce a new plan to support the platform's revenues and try to bridge the deficit it suffers from. The idea is that Twitter will offer video content creators to publish their videos on Twitter for an additional 10 percent over what YouTube offers. Almost this is the only logical plan among all the measures taken by Musk

Youtube pays content creators from ad revenue. Twitter has maybe 1/5 of Youtube's ad revenue, and is losing it thanks to Elon's shenanigans.

turing to 50 from approx 4000 employee will save so much of the money.
Elon will surly get back on the track in a few months time. Twitter will flourish like tesla. And it surely will.

I can't tell anymore if you're being sarcastic or just don't understand how things work in real world.

Twitter's entire payroll is less than the $1.2 billion interest payment, so even if Elon fires everyone and sells all office chairs and staplers, he can't plug that hole. He needs more revenue, all other things being equal. Thus the desperate ill-conceived attempts like selling the blue checkmarks and now trying to undercut Youtube. Solid plan - fire people that make the system run and throw money at "influencers". What could possibly go wrong.

I think a 5 year old in charge of a candy store would do a better job than the narcissistic giga-troll in charge of Twitter.

[Poker Player]

I think a 5 year old in charge of a candy store would do a better job than the narcissistic giga-troll in charge of Twitter.

I am surprised by this exaggerated statement. It wouldn't be that you don't like his ideology or that for example, he would like to reinstate Trump's account and the rest is an after-the-fact rationalization?

To say that about the richest guy in the world is surprising, to say the least.

THE REAL-TIME BILLIONAIRES LIST

Although in his case he has also been greatly benefited by the massive printing policies that have made his companies trade at very high P/E ratios, as I commented in my previous post, but, come on, painting him as someone who has no idea about business saying that a 5 year old would do better.... I'd better wait and see where twitter is in a year. As you are well aware, many companies operate at a loss in the early stages and I'm sure he has a plan going forward.

What I see that he has done is to get rid of the socialists, and I think that is what bothers many of you.

Let's see if getting rid of all the people who were going to the office for entertainment and to censor what the democrats didn't like has worked out well for him or not.

[TwitchySeal]

I am surprised by this exaggerated statement. It wouldn't be that you don't like his ideology or that for example, he would like to reinstate Trump's account and the rest is an after-the-fact rationalization?

To say that about the richest guy in the world is surprising, to say the least.

You're giving OGNasty a run for his money in bitcointalks biggest Elon simp competition.  

Objectively, Elon taking over twitter has a been a complete disaster - from the day he decided to spend $44 billion  without any due diligence, to needlessly putting the company he was legally obligated to buy into crisis mode for months before taking it over and instantly torching most of his 2023 revenue...I could keep going...

[Poker Player]

You're giving OGNasty a run for his money in bitcointalks biggest Elon simp competition.  

Look, I have had very heated discussions with suchmoon, but we have never reached the point of insult, so you better keep these things to yourself if you want to debate. Otherwise I'll put you on ignore.

Objectively, Elon taking over twitter has a been a complete disaster - from the day he decided to spend $44 billion  without any due diligence, to needlessly putting the company he was legally obligated to buy into crisis mode for months before taking it over and instantly torching most of his 2023 revenue...I could keep going...

Of course, of course. I have hardly seen you on the forum and from what you say here I already deduce that you are a socialist.

Answer me one thing: what do you care if he throws the money away?

I'd better wait a year or two to check that supposed objectivity you are talking about.

[suchmoon]

I am surprised by this exaggerated statement. It wouldn't be that you don't like his ideology or that for example, he would like to reinstate Trump's account and the rest is an after-the-fact rationalization?

I'm surprised that you bring Trump into this discussion.

To say that about the richest guy in the world is surprising, to say the least.

We are witnessing clear proof that all the money in the world can't make someone an expert of all things.

Although in his case he has also been greatly benefited by the massive printing policies that have made his companies trade at very high P/E ratios, as I commented in my previous post, but, come on, painting him as someone who has no idea about business saying that a 5 year old would do better.... I'd better wait and see where twitter is in a year. As you are well aware, many companies operate at a loss in the early stages and I'm sure he has a plan going forward.

Twitter is way past its early stages. It's been operating at a loss for a long time but has been (briefly/barely) profitable recently. I doubt it needed to be razed to the ground and rebuilt. Want more free speech? Fine. Why fire (or force to quit) techies though? Or sales people? Even content moderators not all were engaged in "socialism". Firing them is asking for trouble if e.g. someone decides to spam child porn on Twitter and the site is slow to react.

What I see that he has done is to get rid of the socialists, and I think that is what bothers many of you.

Let's see if getting rid of all the people who were going to the office for entertainment and to censor what the democrats didn't like has worked out well for him or not.

Ignoring the repeated attempts to pin this POV on me, how is "getting rid of socialists" any better than "getting rid of Trump"?

Anyway, I've never been a fan of Twitter (search my post history if you don't believe me) and for all I care it can disappear tomorrow and I wouldn't notice. I also couldn't care less about Elon's $40 billion (well, mostly not really "Elon's" but whatever). All I'm commenting on is the shitshow that he created with this acquisition. I've been through corporate mergers and other upheavals and I've seen all kinds of ludicrous mismanagement, or so I thought... this is some next level shit though.

Edit: shpelling.