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Author Topic: Elon Musk and the fall of Twitter  (Read 2972 times)
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March 28, 2023, 08:29:53 PM
Merited by Tadic (1)
 #61

Twitter wasn't worth that much anyway, Elon Musk bought it at a very high price. Twitter is not that popular social media platform. After all, what can be done is limited. The advantage of Twitter is that it creates an instant trends and everyone can make their voices heard. But these advantages disappear when you set limits. In addition, increasing ads make the application unusable.
It's known that this application is used for intelligence purposes. So in the background, the states are the main buyers here. The value of Twitter cannot be measured with shares traded on the stock exchange. Elon made this investment knowing this. Owning this platform makes him stronger.

R


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March 28, 2023, 08:40:10 PM
 #62

Elon Musk has been in various complications since purchasing the popular social media Twitter. After purchasing the social media he imposed various restrictions on the intention of the users. Since becoming the owner of Twitter, by eliminating employer he tried to reduce the company's costs. No one including the users could accept his various thoughts regarding on twitter. As a result, today he has to announce the sale of his Twitter at half of the buy price. $44 billion Twitter is now $20 billion. Elon Musk has made such an offer to sell shares to Twitter employees.

Elon Musk cofounded and his four popular companies are Electric car maker Tesla, Rocket producer SpaceX, Tunneling startup Boring Company and
Twitter

He may be a big businessman but nothing can be imposed ignoring the sentiments of common people. Since Elon Musk's purchase of Twitter, 14 of the 30 companies that have served as advertisers they have stopped promoting in twitter. Naturally, Twitter's revenue has declined and is likely to further decline in the coming days.

Although he is financially one of the richest businessmen in the world, it is also worth noting that the share prices of his other companies could fall through losses on his Twitter purchase. In my opinion his main mistake was disregarding public sentiment. What is your concern?

It's actually hilarious and very entertaining to watch Elon self destruct large portions of his wealth, but a bit unfortunate that he is having such a huge effect on free speech while he drags his various companies down. He had to be reprimanded by regulators multiple times when his focus was on Tesla, because he had a tendency to create misleading or downright unprofessional outbursts at anyone who questioned him. He must be an absolute nightmare to work alongside yet he takes credit for most of the intelligent engineering performed by other people. The fact that he has torpedoed over $20 billion dollars in the space of a couple months is sweet justice and hopefully some of his flock of blind followers have seen the light.

R


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March 29, 2023, 03:32:51 AM
 #63

I am not sure about the figures shared by the Op I can assure you Ellon musk is not a personality who will deal with the loss, In my view, Twitter is not the same as before and there are many things Ellon musk can do with Twitter. Also, this is a fact is not every business does its best in profit-making. Also, I am a little bit confused about how you are calculating the Twitter capital value because I can't see any changes in the share price there are minor drops and the capital value is also $41B+.

Please don't take it otherwise to those who are Elon supporters. I myself will not deny his contribution to the crypto world. He is a successful businessman but if he applies the same strategy everywhere as he does in other businesses, the results may not be good there. His loss on Twitter is nothing but his strategy was definitely wrong. If you notice that SpaceX has no competitors then he can succeed in whatever way he chooses, but unlike social media, there are a lot of competitors in this platform. Most of the users were against the decisions that were taken with his Twitter and as a result he was forced to lower the price of Twitter. I am providing a link to finance.yahoo as a reference.
Sorce: https://finance.yahoo.com/news/elon-musk-puts-20-billion-005335181.html
It is true that no matter how big a businessman and how wise you are, you have to take initiative in every field according to your type otherwise you will never be successful in that particular field. Although Elon Musk is the best entrepreneur of some of the world's famous businesses, he almost failed to manage Twitter. And once a negative impression comes on all these platforms, it is very difficult to make it positive. I think Elon Musk needs a new CEO for Twitter.

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March 29, 2023, 04:05:11 AM
 #64

Twitter wasn't worth that much anyway, Elon Musk bought it at a very high price. Twitter is not that popular social media platform. After all, what can be done is limited. The advantage of Twitter is that it creates an instant trends and everyone can make their voices heard. But these advantages disappear when you set limits. In addition, increasing ads make the application unusable.
It's known that this application is used for intelligence purposes. So in the background, the states are the main buyers here. The value of Twitter cannot be measured with shares traded on the stock exchange. Elon made this investment knowing this. Owning this platform makes him stronger.

Twitter is the most popular and trusted social network in the US, IMO. I'm not defending him, but I think as an entrepreneur and CEO of many companies, he's not stupid enough not to be able to value the company or not know how to use it. In business, there will be difficulties and challenges is very normal, even on the verge of bankruptcy, but as long as they can maintain and find a way to develop again, they have never failed. In addition, we are in an unstable economy, thousands of businesses, and banks are bankrupt... so we can't draw any conclusions about Elon and TW at this time.

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March 29, 2023, 07:26:45 AM
 #65

If someone thinks that Twitter purchase was a failure, then consider it one of the most expensive and infinite advertising campaigns for all current and future Elon Musk projects and products. Maybe he never intended to earn with Twitter. But he could for example insert Tesla ad in every tweet person make. Imagine having running Tesla ad everywhere in media for ages, and compare it with cost of 30sec-1min ad on TV during month. Dont want to see ad - pay $8/month for Twitter blue. win=win scenario. Of course some people would leave Twitter because of that, but for many Twitter is already a part of culture or lifestyle, they will never leave it.

R


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March 29, 2023, 08:04:59 AM
 #66

In my opinion, elon musk is too ambitious to make twitter according to his wishes, when there are staff who have different opinions then it is certain that the staff will be fired, and not forever that money can do everything, maybe twitter is the worst business that elon musk has ever done.
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March 29, 2023, 08:46:11 AM
 #67

Although he is financially one of the richest businessmen in the world, it is also worth noting that the share prices of his other companies could fall through losses on his Twitter purchase. In my opinion his main mistake was disregarding public sentiment. What is your concern?

We don't know what he was thinking, because we are not the richest people in the world, maybe now what he is doing seems like a mistake to us, but that could be one of his strategies to be profitable in the future and build the world's largest social media. What's more, we know that Elon Musk has succeeded in building SpaceX and Tesla and several other companies, that proves his capabilities as a CEO and in the business world, so I doubt that he will fail in building Twitter.

R


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March 29, 2023, 09:10:46 AM
 #68

Will Elon Musk sell Twitter cheaply, or will Twitter declare bankruptcy? At the point when Twitter was taken by Elon Musk, it was a company without profit. Elon Musk dared to assume power, announcing significant changes. The annual costs of Twitter are reduced as a result of those changes. While the revenue of Twitter continues to decline, I would not classify it as falling. The political side of Elon Musk was also not helpful. But there will be the coming elections. Twitter will still recover, in my opinion, following the major changes. Twitter is a giant company and will not become profitable overnight; I anticipate it will do so by next year or the year after that.

MEGA

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March 29, 2023, 09:14:41 AM
 #69

We all make mistakes, but the one that Elon made was very expensive. I don't really know the motives of Elon in buying Twitter; for sure he has something to it and will sell it, but mostly what we can see right now is that Twitter is falling into the hands of Elon. At first, I thought it would generate more revenue for him due to the innovation he would be implementing, but it did not. 
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March 29, 2023, 09:33:39 AM
 #70

We all make mistakes, but the one that Elon made was very expensive. I don't really know the motives of Elon in buying Twitter; for sure he has something to it and will sell it, but mostly what we can see right now is that Twitter is falling into the hands of Elon. At first, I thought it would generate more revenue for him due to the innovation he would be implementing, but it did not. 

About Elon's investment in Twitter. It's also possible that Elon has more motives than simply generating revenue from Twitter, and it's also possible that his innovative approach to the platform will take time to bear fruit.

I myself cannot judge the success of this investment based on short-term fluctuations in earnings. The important thing is that Elon remains committed to driving innovation and growth in his investments, and he continues to learn from his mistakes to make better investment decisions in the future.

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March 29, 2023, 03:33:16 PM
 #71

I think what Elon is doing is his business and he might be doing something better for Twitter. If you check the old numbers then Twitter wasn’t doing really great before Elon dynasty. It’s becoming platform of money now and with Elon’s plan to implement paid tweets and premium features of tipping users it could also skyrocket twitters share in no time.

Yes I am also one of the Elon hater but with the time he is doing some shaping to his visions. It takes time to understand him. Though not taking sides we need to go with the flow.
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March 29, 2023, 05:42:57 PM
 #72

Will Elon Musk sell Twitter cheaply, or will Twitter declare bankruptcy?
...

With the tough personality Elon has, I don't think he will choose the first option, as it might hurt his image as an entrepreneur who able to build any kind of company. The saga of buying twitter was catching attention worldwide, and he would look dumb if he sell it with lower price. Imo, the best option for Elon is turning Twitter back into its original form as a normal social media and hiring some professionals who have background directly related to social engineering.

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March 29, 2023, 09:03:51 PM
 #73

Although he is financially one of the richest businessmen in the world, it is also worth noting that the share prices of his other companies could fall through losses on his Twitter purchase. In my opinion his main mistake was disregarding public sentiment. What is your concern?

He is a genius and he will certainly surprise you and everyone.

Maybe not all his companies will skyrocket,  but most of them are

Let's not confuse Elon's eccentric personality with his abilities and virtues, which he clearly has.


All indications indicate that the Twitter deal is a loser and that it was in a kind of show. Elon Musk is a genius in his management of projects with new and ambitious ideas such as Tesla and SpaceX, but his adventure with social media platforms was not very genius since the company had not generated revenues for years before its purchase and that the price offered was imaginary that exceeded its real value. Even if he succeeds in saving Twitter from the difficulties it is going through, this may cost more time, more effort, and huge capabilities, much more than what was initially planned.

I think it is expected because twitter first move is to clear its platform of idle accounts and clear its office of employees.  Regardless, I believe Elon Musk is not showing any distress or problem on the status of Twitter.  It simply shows he know what he is doing.  Besides, it takes time for a company to rebound when it cleans its system.


This is not the case with Twitter, because the platform needs urgent solutions. The price offered by Elon Musk to complete the deal exceeds its size as a loss-making company. Twitter has to pay interest on loans worth $ 1.2 billion annually in addition to the principal. Reducing employment and imposing additional fees on users did not contribute to resolving matters as much as it increased their complexity. The deal this time is greater than Elon Musk's ambitions, especially since market competitors will push towards weakening the platform.
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March 29, 2023, 10:11:19 PM
 #74

Currently Elon Mask Twitter stock is indeed in trouble so many large investors are starting to hesitate to invest in Twitter, because the profits they get are decreasing, by running some big projects Elon Musk is increasingly difficult to rely on so that all companies he can run well, even though financially he is the number one person in the world but I am very sure he will not fall if Twitter will be in the hands of others.
Existing investors are hesitating to invest more but for those who are new in this, maybe this can be the perfect time to enter. If Elon can run other big projects then why not this one? When I think it's much smaller than the other projects he have.

It's not very long since he acquired Twitter so maybe he is still adjusting but sooner or later I believe that he can master it. That would be the time for their company and those investors to recover. Elon might be number one before but I think the moment he bought Twitter, that affected his net worth and maybe drop his spot. I don't know if it's a big deal for him or to others, but for me, not really as he was still a rich person.
Investors had looked into the past about how Elon Musk did to his other companies, some runs well but some did not. But people believe that EM can do better than on this platform, he just needs time to develop and strategies it well. However, we can't also hesitate the possible scenario that acquiring this platform is a mistake as he needs the right people to manage this while firing all the previous employees. Now, the company is in the struggle to adjust and showing negative results which brings people to doubt and ask if Twitter will improve or it collapse.

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March 29, 2023, 10:24:34 PM
 #75

Currently Elon Mask Twitter stock is indeed in trouble so many large investors are starting to hesitate to invest in Twitter, because the profits they get are decreasing, by running some big projects Elon Musk is increasingly difficult to rely on so that all companies he can run well, even though financially he is the number one person in the world but I am very sure he will not fall if Twitter will be in the hands of others.
Existing investors are hesitating to invest more but for those who are new in this, maybe this can be the perfect time to enter. If Elon can run other big projects then why not this one? When I think it's much smaller than the other projects he have.

It's not very long since he acquired Twitter so maybe he is still adjusting but sooner or later I believe that he can master it. That would be the time for their company and those investors to recover. Elon might be number one before but I think the moment he bought Twitter, that affected his net worth and maybe drop his spot. I don't know if it's a big deal for him or to others, but for me, not really as he was still a rich person.
Investors had looked into the past about how Elon Musk did to his other companies, some runs well but some did not. But people believe that EM can do better than on this platform, he just needs time to develop and strategies it well. However, we can't also hesitate the possible scenario that acquiring this platform is a mistake as he needs the right people to manage this while firing all the previous employees. Now, the company is in the struggle to adjust and showing negative results which brings people to doubt and ask if Twitter will improve or it collapse.
Thats what business results could have neither its is profitable or something going in negative.No matter how known you are or how rich you are, you are no exemption when it comes to failure.

Do we really think that Elon isnt aware on whats happening? For sure he doesnt want to have those huge losses basing up on what he had invested but we know that there are decisions that we do make

do make out some damage or messes up on what we are trying out to achieve, but well its his business and its his risks to take.Its up to him on how he would be handling it out.

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March 29, 2023, 10:29:30 PM
 #76

In my opinion, elon musk is too ambitious to make twitter according to his wishes, when there are staff who have different opinions then it is certain that the staff will be fired, and not forever that money can do everything, maybe twitter is the worst business that elon musk has ever done.
It's his way of trying to manipulate the people with his free will instead of someone who would stop him from his way. Besides, if you have so much money what would you do with it? That's why he bought twitter plus he manipulate the price of Bitcoin and then switched to meme coin then more people are still not learning of what he did although, he gave more profit to those who invested in meme coin but I'm sure he benefited a lot from it because of his hype on that coin.

Twitter may fall for now but watch him what he would do you might be surprised and I don't think he will sell twitter.

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March 30, 2023, 04:56:45 AM
 #77

Elon Musk of course has high ambitions when buying Twitter, Twitter's first target after buying Elon Musk is to become the biggest social media to beat the others, and from a financial perspective, I want to oblige customers who have a blue tick to pay regularly, unfortunately this is responded negatively by most users.

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March 30, 2023, 05:33:39 AM
 #78

I think what Elon is doing is his business and he might be doing something better for Twitter. If you check the old numbers then Twitter wasn’t doing really great before Elon dynasty. It’s becoming platform of money now and with Elon’s plan to implement paid tweets and premium features of tipping users it could also skyrocket twitters share in no time.

Yes I am also one of the Elon hater but with the time he is doing some shaping to his visions. It takes time to understand him. Though not taking sides we need to go with the flow.
I would guess that if he is profiting, then even if some of the users are not favoring it, then he is doing the right thing. Remember, this is a business and as long as the business makes a profit, and legally doing so, then that is a good decision.

There is no bad decision that causes a company to profit, or no good decision that loses it profit as well. Obviously there is long term and short term, so he could make a profit short term and lose on the long term, if this is something like that, then it would be bad for him, but only time will show that. I believe that he is not going to keep twitter alive for too long, something else will replace it eventually, but that will take a long time as well.

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March 30, 2023, 08:49:43 AM
 #79

The only drawback of what was conveyed by the OP is that there are no valid sources to strengthen everything that was conveyed in the Op. Elon Musk is not a person who gives up easily, he is very ambitious in what he wants.
Loss is not the goal of his business, his popularity will allow him to earn more than he has spent. Still remember how he boosted the popularity of dogecoin, I'm sure he's the single biggest whale of the increasing price of dogecoin.

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March 30, 2023, 10:08:45 AM
 #80

sad to say but it is not only his business fell but also his reputation. due to his inconsistent behavior towards investment and even management as the owner of a company, a lot of investors don't want to risk their money on that. not only he lost his credibility but also a lot of workers refuse to work for him. if I were an employee too I wouldn't risk working for him knowing that there is no guarantee whether we rise or fall depends on our CEO. we all agree that he is a genius when it comes to developing things and predicting the future, also he is a visionary in some sense but does it make him a genius too when handling business? I didn't see any proof so far.
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