Where would Twitter go after its takeover by Elon Musk ?

[bitgov]

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.

Elon is business man - i am sure he will have a back up plan.
He has made a big investment and he is not going to give up. $ 1.2 billion is not a small amount. I was not much aware of the amount. Will do my research - thank you for pointing it out.

[1715109194]

1715109194

[1715109194]

1715109194

[TwitchySeal]

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.

He could turn things around in the next two years.  That wouldn't change all the poor decisions he's made from when he signed the agreement till now.

[famososMuertos]

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 ?

You are very specific in the restlessness, it definitely generates passions El-on.

If you check other companies there are similar movements in decision making but they don't generate as much "smoke" as El-on.

Twitter is one of the social networks of that golden age that was stuck in growth of new users, at least compared to Youtube, Facebook, primarily.  With any other successful network of the so-called "billion" users, it is later.

In other words, Twitter is so fucking behind in relation to its old competitors (not to mention the new social networks) that any result will be positive.

Until now, social networks have shown that they reach a stagnation point of "loyal" users and any social network that implements "novelty" achieves an growth of users.

But! I don't think that in the short term Twitter managed to attract a large number of new users, so in the short term it only seeks to be profitable.

Then, as other old social networks have shown, you don't need to be in the elite of the so-called "billion" to be profit.

That is why decisions as controversial as charging for a verified account, for example, only seek to make a profit in the short term.

Not to mention everything that politically means having a social network like Twitter, this acquisition not only has a commercial element, there are many edges to analyze in this acquisition, including El-On's known Snobbery.

[Poker Player]

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

Well, as you may know I don't like Trump too much although I liked some of his policies more than those carried out by Biden, but in this case it's not about Trump, it's about censoring content from a woke perspective.

Now he's kicked those people out, but as far as I know he's not censoring left wing content.

Firing them is asking for trouble if e.g. someone decides to spam child porn on Twitter and the site is slow to react.

Agreed, I said in a previous comment that I believe they are understaffed now.

The company is not starting from scratch but for him it is starting from scratch, and, yes, I don't rule out that he may have made a fool of himself even though he is rich and has been successful in the past, but I will wait and see how it goes.

He could turn things around in the next two years.  That wouldn't change all the poor decisions he's made from when he signed the agreement till now.

Good point. That way you're going to be right no matter what, lol.

[bakasabo]

Isnt it too early to make conclusion on Elon Musks Twitter management and where Twitter would go, as Elon is in charge of it for less than a month? So far he is doing tactical permutations among employees, setting goals. As an example - no one believed in electric car at first, years have passed, and now cities are crowded by them. What do you expect from two weeks of Twitter ownership? Right now Elon is just playing with his new toy. Testing what actions lead to which results. I dont think Twitter would change much after a takeover from Elon Musk. So far twitter hasnt fall apart from. So far no big changes are made.

[boyptc]

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.

Yeah.

It's like hitting two birds with one stone, while he's doing a lot of changes to the management. He's able to gain attention from people around the world. I guess on that part, he's already a winner and proven himself that eyes of the world is on him at most times.

With the last news that I've seen about it, he's trying to leave the post and wants to pass on the position to another one. We'll see if it will be for real or just another way to take everyone's attention.

[PredictionCLub]

Whether it is for the benefit of mankind, imagining future social development, or developing high-tech products, MUSK is a businessman first, and then others. Of course, this is a neutral description, not a negative comment on MUSK himself. But I want Taking this as the premise of the discussion, under this premise, the development of twitter will definitely be related to commercialization, and it will be closely integrated with the concept of WEB3. With the maturity of WEB3, the commercial value of twitter will far exceed the present.

In the past two weeks, what I have seen is that MUSK is trying to touch WEB3 in the way of WEB2, and then build a development channel for twitter's WEB3ization. Taking Trump's twitter account as an example, Musk initiated a public vote, and according to The public opinion reflected in the vote restored Trump’s account. Isn’t this the previous version of DAO governance? I predict that Twitter will definitely implant a series of decentralized functions in the future.

Currently, the user base of the digital currency industry is still relatively small, but if Twitter’s user base and brand value can be successfully converted to WEB3, the return on Musk’s investment in Twitter will be very impressive.

[TwitchySeal]

He could turn things around in the next two years.  That wouldn't change all the poor decisions he's made from when he signed the agreement till now.

Good point. That way you're going to be right no matter what, lol.

I mean, it's really just common sense.

He signed a deal agreeing to waive due diligence and buy the company in April and sells off billions in Tesla shares that he promised he wouldn't sell to finance it.  Then he spends the next 6 months shitting on Twitter and trying to get out of the deal, basically paralyzing Twitter in the meantime.  Finally realizes he has no choice but to close the deal, so he does.  Then he goes into troll mode and scares off most advertisers (twitters main source of revenue).  So here we are today, Tesla shares are at 2 year low, Elons net worth is 100 billion less than it was a year ago,  Twitter has 14 billion of new debt and most of their revenue for 2023 has evaporated.  According to Elon "bankruptcy is not off the table" (for Twitter, obviously).

While I'm sure Elon would appreciate your extraordinary level of simping, I think he would still agree with me that he made some very expensive fuck ups that could have been avoided.  In fact I bet if he could do it all over again he would avoid becoming financially involved with the company so he could focus on getting to mars.

[o48o]

Apparently listing signal founder is a new twist in this. I wonder if he is just planning to buy signal as well or is he just asking for technical help as he doesn't have a clue if any of this could work. And why an earth we need to fuse twitter with signal-type chat? It's like he doesn't realize that it's working already, and open source and free.

But looks like he is admitting that he is planning to kill twitter as it is. Good riddance.

[suchmoon]

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

Well, as you may know I don't like Trump too much although I liked some of his policies more than those carried out by Biden, but in this case it's not about Trump, it's about censoring content from a woke perspective.

Now he's kicked those people out, but as far as I know he's not censoring left wing content.

I'm not following. Do you think Twitter was censoring because it employed "socialists"? There were rules in place and people got banned for violating them. If you think those rules were "socialist", then shouldn't said rules be changed instead of firing people based on political beliefs? Last I heard Elon was going to convene some sort of diverse moderation council but then he went ahead and unbanned Trump/MTG/Kanye/etc without any council, and AFAIK the rules haven't changed either.

[Marcellin9]

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.

Yeah.

It's like hitting two birds with one stone, while he's doing a lot of changes to the management. He's able to gain attention from people around the world. I guess on that part, he's already a winner and proven himself that eyes of the world is on him at most times.

With the last news that I've seen about it, he's trying to leave the post and wants to pass on the position to another one. We'll see if it will be for real or just another way to take everyone's attention.

Maybe hitting multiple birds with one stone ?  Let's just stand back and take a look at a bigger picture. Many of us are focusing on how Elon manages or mismanages Twitter and what direction Twitter might be going as a company but is there any possibility that even his investment in Twitter is a complete failure, he does not really care that much. With his enormously proven success of building Tesla, SpaceX, Starlink etc and his explosive influence, his real purpose is to become a political leader and make policies to change the world ? At least he can and will cultivate a huge fan base to do crazy things in which they firmly believe ? If this were true, it would be much more important than simply making a company profitable.

[ObscurePen]

Musk has said he wants to transform twitter into an EVERYTHING app. An example is the popular Chinese WeChat.

He has talked previously about adding a payment system on the app, possibly a decentralised coin??

I feel like the current discourse suggests the app would become used like Discord but with a payment system, which would be very handy.

[bakasabo]

Musk has said he wants to transform twitter into an EVERYTHING app. An example is the popular Chinese WeChat.

He has talked previously about adding a payment system on the app, possibly a decentralised coin??

I feel like the current discourse suggests the app would become used like Discord but with a payment system, which would be very handy.

I think I've have written few weeks ago, that it would be great of Mask transforms Twitter into WeChat analogue, as in China you can use it everywhere, it is like an independent bank or payment system. It would be great if he transforms Twitter in to app with same usability. There is only one thing - if he really makes such an app, then the US will want to have a control over it, or want to be this app to be maximum transparent. Which makes app to be more centralized than decentralized.

[Marcellin9]

Musk has said he wants to transform twitter into an EVERYTHING app. An example is the popular Chinese WeChat.

He has talked previously about adding a payment system on the app, possibly a decentralised coin??

I feel like the current discourse suggests the app would become used like Discord but with a payment system, which would be very handy.

I think I've have written few weeks ago, that it would be great of Mask transforms Twitter into WeChat analogue, as in China you can use it everywhere, it is like an independent bank or payment system. It would be great if he transforms Twitter in to app with same usability. There is only one thing - if he really makes such an app, then the US will want to have a control over it, or want to be this app to be maximum transparent. Which makes app to be more centralized than decentralized.

Actually, WeChat is not an independent bank/payment system. It is superly linked with banks in which you opened your debit cards. No money can be ever hidden from banks supervision. WeChat is more like a widely recognized form of payment rather than banks debit cards. There is nothing new inside. But also you are right, it is still centalized and won't do anything good for decentalization. I think Elon's adtoption of WeChat's style is merely from the commercial perspective to make Twitter profitable rather than further decentralization.

[Poker Player]

I'm not following. Do you think Twitter was censoring because it employed "socialists"?

Of course not, suchmoon.

https://twitter.com/elonmusk/status/1595250835096621057?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet%7Ctwtr%5Etrue



Also

https://twitter.com/RichardHanania/status/1595256515463507968?cxt=HHwWgMCjnanWvqMsAAAA

My God you just went and bought the institution most responsible for accelerating wokeness and are publicly rummaging through the relics of their broken dreams.

By the way I don't have a twitter account, and I don't care if Musk goes bankrupt, makes money or sticks a SpaceX rocket up his ass and blows himself up but it's clear to me that what bothers many of you is that opinions you don't like are not going to be censored.

I'm not following. Do you think Twitter was censoring because it employed "socialists"? There were rules in place and people got banned for violating them. If you think those rules were "socialist", then shouldn't said rules be changed instead of firing people based on political beliefs?

Source.

I already posted a video in a previous post. It's not just a matter of ideology, it's a matter of changing everything from top to bottom.

A day in the life of a Twitter employee

I recommend anyone to watch the video, it's only a minute and a half and it gives you an idea of how "productive" was the working day of the former twitter employees, now fired.

[ObscurePen]

Apparently listing signal founder is a new twist in this. I wonder if he is just planning to buy signal as well or is he just asking for technical help as he doesn't have a clue if any of this could work. And why an earth we need to fuse twitter with signal-type chat? It's like he doesn't realize that it's working already, and open source and free.

But looks like he is admitting that he is planning to kill twitter as it is. Good riddance.

I think this is a good direction for twitter. He is merging Twitter into something that enables Whatsapp-like chats which still maintaining the forum-type nature of Twitter. In the end, I think it is going to look similar to Facebook, but the big difference would be free-speech and the very useful in-app payment system he has suggested.

And perhaps Twitter would be able to do what Meta was not and properly initiate the metaverse which is obviously the next stage of online interaction. Also noting Musk's past interest in bitcoin/dogecoin, Twitter may even become a force for Web3.

To be honest, I never invested in Twitter before (wish I had before he bought it!!!) but if the company was publicly traded right now, I would definitely invest.

[o48o]

I think this is a good direction for twitter. He is merging Twitter into something that enables Whatsapp-like chats which still maintaining the forum-type nature of Twitter. In the end, I think it is going to look similar to Facebook, but the big difference would be free-speech and the very useful in-app payment system he has suggested.

Good luck for Elon with finding any advertisers when then this thing turns out full blown 4chan free speech mode.

And perhaps Twitter would be able to do what Meta was not and properly initiate the metaverse which is obviously the next stage of online interaction. Also noting Musk's past interest in bitcoin/dogecoin, Twitter may even become a force for Web3.

I wouldn't count on that.

Remember how tesla bought $1.5 billion worth cryptos, and told that tesla won't sell them, and you can buy from tesla with bitcoin and at the same year he suddenly says that pow is bad and tesla won't be accepting bitcoin, and soon after that they dumped 75% of it around $2 Billion worth to markets?
Like he just learned about PoW? While same time praising Doge that was PoW too.

And this year tesla sold almost rest of their cryptos, nearly $1B worth it.
Elon has said that he won't be selling his personal crypto, so i might give him a year after he announces he did.

To be honest, I never invested in Twitter before (wish I had before he bought it!!!) but if the company was publicly traded right now, I would definitely invest.

Well it would be very different company then.
But just out of interested, what do you see the target marketcap being?

[suchmoon]

By the way I don't have a twitter account, and I don't care if Musk goes bankrupt, makes money or sticks a SpaceX rocket up his ass and blows himself up but it's clear to me that what bothers many of you is that opinions you don't like are not going to be censored.

Doesn't make any sense. Why would I, or others you accuse of this, participate here on Bitcointalk where opinions are not censored, but not on Twitter that allegedly has the censorship that I/we allegedly prefer?

Every website/app/etc has its rules of usage, including Bitcointalk and Twitter. They decide what kind of content is allowed and how those rules are enforced. I don't like Twitter's approach, before Elon and moreso after Elon, but my dislike simply means that I don't use it. It's puzzling that allegedly pro-free-speech folks try to make Twitter to change its rules and/or enforcement thereof. Seems counterproductive and quite a slippery slope too.

[ObscurePen]

I'm not following. Do you think Twitter was censoring because it employed "socialists"? There were rules in place and people got banned for violating them. If you think those rules were "socialist", then shouldn't said rules be changed instead of firing people based on political beliefs? Last I heard Elon was going to convene some sort of diverse moderation council but then he went ahead and unbanned Trump/MTG/Kanye/etc without any council, and AFAIK the rules haven't changed either.

Firing workers is normal in a company during times of economic hardship. It is also expected when a new owner takes over. Musk is just cutting the workforce to what is needed and what is needed only. Meta laid off nearly 15% of its workforce this year. Around 11000 workers. I don't think Musk is firing people based on political beliefs. However, it is important that a new employer maintains the trust of his/her new workers if going forward the company is to be a success. I think Musk may have lost some vital staff who resigned following the massive cuts of the "non-essential staff". This is where he has messed up.

Well it would be very different company then.
But just out of interested, what do you see the target marketcap being?

I think Twitter has the capacity to be on par with Meta. It is really the largest global forum where even government officials communicate. You don't see that with Facebook. Adding an encrypted messaging system and a payment system would transform it into a very useful site/app. So marketcap wise I would say similar to Meta which at its peak was worth 1 trillion.

[o48o]

I think Twitter has the capacity to be on par with Meta. It is really the largest global forum where even government officials communicate. You don't see that with Facebook. Adding an encrypted messaging system and a payment system would transform it into a very useful site/app. So marketcap wise I would say similar to Meta which at its peak was worth 1 trillion.

Yeah it has a change, not under current leadership imho but who knows who elon wants twitter to team up with next, that could change things. And if elon starts to take care of his staff differently. He wants geniuses to JOIN twitter, not to laugh at their draconian leadership style. Because people rather work in somewhere they are respected and taken care of rather then somewhere which is purely for making money and doesn't add meaning to life. Athmosphere is an investment too and Elon seem to see that only as an expense.

However if everything goes well and they want to compete with facebook, they need groups, galleries and events like in fb. Because that's all what's keeping people any more. People have gone for instagram, and families rather chat in their own telegram/whatsapp groups.

Reddit is basically only social media different enough that i can't see anyone challenging. It has eaten most of the forums and still continues to grow unopposed.