Elon Musk and the fall of Twitter

[Wildwest]

Although Elon musk's stock is in trouble on Twitter at the moment but I believe he has another mission to be able to revive the business he is currently running, everything he has gone through so many challenges that until now he has become the number one person in the world in financial matters, but Twitter's current problem is indeed very big because many investors want to die the project because the profits they get have been reduced, but I believe Elon musk is a very genius person in dealing with business problems.

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[Synchronice]

Twitter went down from 7,500 to 2000 employees and it's still running. Because of that twitter has some issues, the ones that I experienced are that some videos have load problem, some have sound problems.
Twitter is still doing well but definitely he made mistakes, he expects other people to work as hard and as dedicated as he works. It industry become too much comfortable to work in. There are too many people in IT sector that are paid up to six figures and most of the time play on Playstation console. Elon came like an earthquake for them.
I like what he did in this sector, yeah, twitter has problems, it's price went down but think long-term, what he does will tremendously benefit him long-term because he will have less employees, more profit and I think it will push other IT companies to become stricter and operate their companies with less but more hard-working workforce, this and AI will make the market more competitive, yeah, a lot of things will happen on the way.

[hyudien]

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?

There is nothing for me to worry about in the slightest, this time it has nothing to do with Elon Musk. It doesn't matter whether Elon Musk is going to be poor, I don't think anyone cares. The world of finance is too short if you only focus on the facilities he built. Isn't the economy already running before it comes to the surface with provocative tweets.
You shouldn't be too optimistic that just because of Twitter Elon Musk will lose everything. He has more income than that and you need to know the money he used to buy Twitter stock was not taken from his own pocket. That's how a reliable businessman works.

[DOH!]

When it bought Twitter for $44 billion, there were many comments about its purchase of Twitter, wondering why a social media platform like Twitter should pay such a large sum of money. Now if the market value of Twitter is $20 Billion then it is a big loss for Elon Musk. But I don't think he calculates so much gain or loss. If he calculated profit or loss like this, he would not have bought Twitter knowing that he would have suffered a loss by buying Twitter, and from what I know of Elon Musk, he is never one to give up.
I hope that the purpose for which he purchased the twitter platform with such a huge amount of money will be fulfilled.

A world No. 1 billionaire is never a fool. Lol, even though Elon has just announced twitter 50% loss in value from the original purchase price, several consecutive problems have occurred since he took over twitter including slow service, interruptions , being sued over bill payments, layoffs... It wouldn't be hard to understand why twitter's stock would drop in value. But if you think that twitter is down, a complete failure, it may be a misconception. I think Elon is bold and extravagant, that's his specialty - it's his strength to be able to accelerate a groundbreaking idea such as accepting bitcoin as a form of payment. on twitter, how he did the same with tesla. He has the ability to reverse the current predicament and will not give up easily.

[visionE2]

Elon Musk is a very famous figure in the world of business and technology. He has created many world-changing innovations in many ways, from electric cars to space rockets. Although he recently faced an issue on Twitter which affected his company's stock.

Despite the difficult situation, I think that Elon Musk has the talent and intelligence to solve complex business problems. He has faced many challenges in his career, and has demonstrated an ability to adapt and create innovative solutions to the problems he faces. I believe that with his experience and intelligence, Elon Musk can find a way to solve the problems he is currently facing and get his business back on track.

[davis196]

1.Elon Musk is definitely NOT a genius. He likes to take big risks, some of them paid off. He also has a team of really good engineers, but that doesn't mean that he is a genius. He just wants to create that fake "genius entrepreneur" persona on the mainstream media and the social media.
2.It is clear that buying Twitter was a mistake right from the start. Musk tried to refuse the deal at some point, but he got forced to buy Twitter by the authorities.
3.AFAIK, Elon Musk is not Tesla's cofounder. He just bought a share from the company in an early stage.

A world No. 1 billionaire is never a fool.

I'm not saying that he is a fool. He is very smart, but being very smart and being a genius are two different things. Many smart people aren't geniuses.

[NotATether]

I couldn't find any news about Elon trying to sell Twitter at half the price - would you mind sharing your source?

You know, at the end of the day, this act by Elon just portrays the image of a rich, spoiled kid who wants new toys at every whim; he gets bored, he discards and looks for another more interesting toy that tickles his fancy. I could clearly remember when the sale of Twitter was like the only trending news since it was being purchased by business tycoon and dogecoin crusader, Elon Musk but now, I've kinda forgotten he purchased the app, hehe.
 Also, according to companies market Cap , it's being ranked 399th amomgst valuable companies and price value dropped to $41.09bn. Let's just say his magical flair for saving businesses didn't hit Twitter right.

It's much harder to save a public company that frequently finds itself in the headlines for the wrong reasons. And he didn't even buy Twitter willingly so that is also a factor you should consider.

The majority of Twitter workers are woke and so hate him to. Sure, most of them were fired, but I wouldn't be surprised if a large percentage remained.

[Kakmakr]

In a way, Elon Musk did this to get back at the people that were in charge of Twitter, after the whole thing about him and market manipulation accusations that were brought against him, with the Dodge coin and Shiba debacle. 

I think he thought that he would scare them with the buyout offer and then they took it seriously ..so when he pulled out of the deal, they went after him and he had to honor the deal in the end. 

[bakasabo]

2.It is clear that buying Twitter was a mistake right from the start. Musk tried to refuse the deal at some point, but he got forced to buy Twitter by the authorities.

I did not know that we have soothsayers on this forum. Please share how you see Twitter gonna be in 2-5 years. The fact that current Twitter value is lower than it was before Elon Musk purchased it does not mean this value will remain. I am not telling that Twitter value is going to grow, you might be correct and it might go even lower. But, this is a long term investment. We do not know what services will offer Twitter in 5 years and how it will look. Who know what will be in technology industry in few years. Maybe he will add wallet and anonymity features into Twitter. Maybe in 10 years your Twitter account will be your only ID.

[NotATether]

In my opinion, the best Musk's venture of all times was Paypal. It was really ahead of it's time (before crypto era started). After that, every new company he starts/buys is less and less successful.

Technically that was Peter Thiel's venture.

Elon Musk founded an online bank that merged with Paypal later (and then he was kicked out).

[Lucius]

I couldn't find any news about Elon trying to sell Twitter at half the price - would you mind sharing your source?
---
The majority of Twitter workers are woke and so hate him to. Sure, most of them were fired, but I wouldn't be surprised if a large percentage remained.

I posted a link in my previous post, but the news was allegedly leaked from an internal memo sent to employees. Everything else that I wrote in that post indicates that it is another skillful manipulation, because even though everyone is caught up on the fact that T is supposedly worth 50% less than a few months ago, no one comments on the second part of the message that the company could one day be worth at least ten times as much ($250 billion).

As for the employees, apparently only those who think like the boss are left, and anyone who had any other opinion got a kick in the ass. However, if he needs workers, he can always hire them very cheaply in countries where he has to pay much less than in the US.

[Sir Legend]

The thing I feel when using Twitter after buying Elon Musk is Twitter too many rules and easy to block the account, the other side that must be watched out is a blue check that can be easily obtained by anyone who pays, this is dangerous because Twitter is verified with a blue check easily for fraud.

[lovesmayfamilis]

Apparently, Elon needs even more money. Today's news that from mid-April only users with a paid subscription will be able to vote on Twitter shows that if you are willing to give $11 a month, you will get the right to vote.


https://sputniknews.com/20230328/musk-twitters-for-you-feed-wont-recommend-unverified-accounts-1108852415.html


Whether the platform will still be democratic and whether Musk's example will lead to all social networks making them pay, these questions are being asked by users today. After all, if there is an opportunity to earn money somewhere, company owners are unlikely to refuse such an opportunity.

[slapper]

Musk's purchase of Twitter illustrates the dangers of power and influence. His acts reveal he doesn't care about how people feel or how they effect a business. This Twitter fiasco underscores how crucial it is to lead ethically and be accountable, even when his other businesses have done well

It's worrisome how Twitter's income is falling and affecting advertising. Twitter and the economy may suffer from this decline. Rethinking our economic system will ensure that a few don't have too much power over everyone else's well-being
Musk and those like him must be held accountable for their actions and not put their own interests first. Let's use the Twitter buyout to consider the pitfalls of uncontrolled power and the importance of leaders keeping their cool

[ringgo96]

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.

[ancafe]

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?

I don't see that as the main problem, Elon Musk is a businessman and he knows what to do when public confidence starts to peak in trust in social media platforms and the stock.

You will be surprised in the next year he will take over another business, Twitter as social media has a great reputation in the world and I'm sure he is doing something to surprise a lot of people. Business people do many ways to make a profit and what Elon Musk is doing is his way of making a profit.

[jayce]

1.Elon Musk is definitely NOT a genius. He likes to take big risks, some of them paid off. He also has a team of really good engineers, but that doesn't mean that he is a genius. He just wants to create that fake "genius entrepreneur" persona on the mainstream media and the social media.
2.It is clear that buying Twitter was a mistake right from the start. Musk tried to refuse the deal at some point, but he got forced to buy Twitter by the authorities.
3.AFAIK, Elon Musk is not Tesla's cofounder. He just bought a share from the company in an early stage.

A world No. 1 billionaire is never a fool.

I'm not saying that he is a fool. He is very smart, but being very smart and being a genius are two different things. Many smart people aren't geniuses.

It's quite hard to decide if someone is a genius or not, but mostly people use IQ score to determine that. CNBC writes that anyone who has IQ score above than 140 is called as a genius^[1], and some sources mention that Elon has 150-155. I do think if he isn't a genius, then he wouldn't be brave enough to invest in Tesla, proposed ideas to have reusable rockets and make colony in Mars with SpaceX. Of course for us, it's such a strange decision from him to buy Twitter at the first place, but who knows what inside these businessmen mind. What's strange for us, might be an opportunity for them.




^{[1] https://www.cnbc.com/2017/10/12/heres-the-iq-score-warren-buffett-says-is-all-you-need-to-succeed.html}

[Gyfts]

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Twitter is on the decline and there's a reasonable probability it goes bankrupt. I'm not one to normally agree with Elon Musk.

However, I don't disagree with this. Bots promoting scams have overtaken the Twitter algorithm and there isn't a feasible way for manned content moderation when the platform is so large. Twitter is still free to use and there isn't a fee for participation (tweeting, replying etc. all are still free).

The "for you" tab was an open market place for manipulation. If the algorithm couldn't find a way to override it, then only allowing verified accounts to appear is probably the only thing that can save it.

[disconnectme]

I don't have issues with those companies pulling their adverts because we know this decision is politically motivated also the world economy has not been doing that good for some time now, so most of these companies are being conservative with their spending and some keep cutting jobs just to balance their books, the issue I have is the constant changes which come with every update without finding lasting solutions to bots issue on the platform

[jostorres]

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.