Elon Musk and the fall of Twitter

[hannahB4]

I really don't know the main reason he bought Twitter in the first instance and not more than a year of planning to sell.

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[virasisog]

Elon Musk is a well-known businessman, he will not enter into a business that he has not thought about carefully, because there will be no big companies if he is not a smart businessman.
Also, in the event that twitter social media apps go bankrupt or close, they are also prepared to lose or lose business. Although, I don't even agree with the rules he made on twitter, but those are his rules and strategy as a company owner and we can't do anything about it.

Elon is full of drama with hidden agendas. He will not allow his business to fail that easily especially if it involved a huge capital. He will not allow his efforts to be gone so for sure, he will find ways to enlarge his business or rather make big profits from it in the future. He is a business-minded and strategic person and he knows what he's been doing. He's just not too outspoken when it comes to Twitter nowadays. I'm sure that he has bigger plans for it after changing the management and replacing lots of staff.

[Hispo]

I really don't know the main reason he bought Twitter in the first instance and not more than a year of planning to sell.

Most of people I have seen talking about this purchase agree that Elon actually overpaid for Twitter, so he cannot sell unless he is willing to take a loss. Since we know he has a big enough ego and he is a businessman, taking losses is something he would like to avoid at all cost.

For not, he plans (besides messing around with the platform) to slowly gather money from people paying for verification, besides the advertisers which still are around.

I have personally still found ads, so that is good news for Elon, and his fans are more than willing not only to buy his perfume but also pay for the blue check mark.  Not expecting him to sell in much time.

[coupable]

The reputation of Elon Musk as the world's top businessman is undoubtedly, when the acquisition of Twitter, of course Elon Musk has a long -term consideration and plan, many say that Elon Musk makes Twitter lose and abandoned by users, in my opinion because it is still not long ago of course we cannot say that Elon Musk fail.

It cannot be hidden that Twitter is not going through its best times after the number of advertisers decreased (including 10 of the 32 most important advertisers on the platform). And I think that Musk has not yet shown that he is able to manage the platform and get it out of its crisis. In Elon Musk's previous projects, he did not meet much competition and was able to leave the world in a period of anticipation, but the matter is certainly different with social media platforms that require a periodic update and face fierce competition from giant companies. Do not forget that Twitter is going through financial crises before Musk offers to buy it.

[karmamiu]

I really don't know the main reason he bought Twitter in the first instance and not more than a year of planning to sell.

Most of people I have seen talking about this purchase agree that Elon actually overpaid for Twitter, so he cannot sell unless he is willing to take a loss. Since we know he has a big enough ego and he is a businessman, taking losses is something he would like to avoid at all cost.

For not, he plans (besides messing around with the platform) to slowly gather money from people paying for verification, besides the advertisers which still are around.

I have personally still found ads, so that is good news for Elon, and his fans are more than willing not only to buy his perfume but also pay for the blue check mark.  Not expecting him to sell in much time.

Whoever the owner of the company doesn't matter to those who are verified since they also knew that even if the company fell somehow it has enough foundation built already to rise again. Besides, no owner would want their business to be destroyed not unless there's some personal issues involve, so changing owners from Elon to someone is not really a big deal to them, they're only hoping there would be changes to come and hopefully it is not someone who mess around like Elon did.

I don't know if it's intentional or not but as what I have seen on Elon's behavior, at first, he will let everyone mock him and then exceed their expectation after some time then brag about it for not believing him. He always does this even on his conference and such, but the main thing is that investing into him is like investing on his mood too. Yes, he is a genius it is undeniable fact, but the way his attitude towards things and his views which is very eccentric that most people find it hard to handle and understand. This kind of behavior is acceptable only if you are not the main command of something, but in his situation in which he is the owner of a credible company, people will hesitate to invest into this kind of inconsistency.

[mich]

Well now Twitter is partnered with Etoro to have users able to buy and sell stocks and crypto. It will only be done on mobile.

I would not feel safe and want to do it on my home computer.  I do not think I would buy Bitcoin on twitter but there are so many people on twitter.  It is good 'bullish" news for us with crypro.

https://www.forbes.com/sites/roberthart/2023/04/13/twitter-will-let-users-buy-stocks-and-crypto-as-elon-musk-pushes-for-everything-app/?sh=210c3c506882

[yohananaomi]

Elon Musk is a well-known businessman, he will not enter into a business that he has not thought about carefully, because there will be no big companies if he is not a smart businessman.
Also, in the event that twitter social media apps go bankrupt or close, they are also prepared to lose or lose business. Although, I don't even agree with the rules he made on twitter, but those are his rules and strategy as a company owner and we can't do anything about it.

Elon is full of drama with hidden agendas. He will not allow his business to fail that easily especially if it involved a huge capital. He will not allow his efforts to be gone so for sure, he will find ways to enlarge his business or rather make big profits from it in the future. He is a business-minded and strategic person and he knows what he's been doing. He's just not too outspoken when it comes to Twitter nowadays. I'm sure that he has bigger plans for it after changing the management and replacing lots of staff.

As a big businessman, Elon Musk has done a thorough analysis of everything he will do and nothing as a big businessman wants to lose. I agree that Elon Musk must have a hidden agenda that has been carefully designed with the team that has been helping him all this time. whatever has happened has been done with twitter is the same situation as what was done with tesla, there is always an intrigue done to give a surprise effect that will have a positive impact on his business.
Elon Musk will always give strength in every effort so that there is a trend that will occur and make the prestige increase and have an impact on the profits that will be received.

[Sithara007]

I don't know why there is so much hype about Twitter failing. From what I can see, Twitter looks as good as it was before the takeover. Elon reportedly fired close to 90% of the former employees, but as of now it looks as if the platform works without any issues. I haven't noticed any significant downtime or data breaches despite the layoffs. And this means that most of these employees were not being productive earlier and Twitter was overstaffed. One thing that may trouble Elon is the boycotting campaign from some of the advertisers. I am sure that he will get around it.

[BobK71]

There was such a rumor spreading all over the world but Twitter has been able to slowly recover from that position. I would say that Twitter is in a good position right now. I don't know why people criticize about Twitter from negative aspects, i got one issue that maybe when Elon Musk thought about selling the company at a lower price, at that moment there was a lot of negative thought about it. But according to my knowledge that situation no longer exists. I think Twitter has been able to maintain its reputation in the social media platform all over the world.

[AmoreJaz]

There was such a rumor spreading all over the world but Twitter has been able to slowly recover from that position. I would say that Twitter is in a good position right now. I don't know why people criticize about Twitter from negative aspects, i got one issue that maybe when Elon Musk thought about selling the company at a lower price, at that moment there was a lot of negative thought about it. But according to my knowledge that situation no longer exists. I think Twitter has been able to maintain its reputation in the social media platform all over the world.

just think of the idea that musk won't acquire this social media platform if he knows he can't control this according to his plans. such expensive acquisition so he won't just sit back and relax if he knows one of his companies is in the brink of failure.
so yeah, there will be ups and downs but definitely he knows what he needs to do to gain profits from this acquisition.

[Bollexz1]

Elon is a business mogul, his existence in the business sector is not something that just started yesterday. A few times we've seen this man's assets decline but always come back stronger in an unexpected way without a single blink. Indeed a strong man in the game.

[Inwestour]

I don't know why there is so much hype about Twitter failing. From what I can see, Twitter looks as good as it was before the takeover. Elon reportedly fired close to 90% of the former employees, but as of now it looks as if the platform works without any issues. I haven't noticed any significant downtime or data breaches despite the layoffs. And this means that most of these employees were not being productive earlier and Twitter was overstaffed. One thing that may trouble Elon is the boycotting campaign from some of the advertisers. I am sure that he will get around it.

Musk is trying to keep twitter on the ear, it's a marketing component. The fact that there were many layoffs, perhaps this was a forced step so that he could rebuild it in his own way. Musk is a successful businessman, it will not be difficult for him to benefit from this direction. How many diverse businesses he manages to run and in each he manages to achieve success, not everyone will succeed.

[xSkylarx]

I don't know why there is so much hype about Twitter failing. From what I can see, Twitter looks as good as it was before the takeover. Elon reportedly fired close to 90% of the former employees, but as of now it looks as if the platform works without any issues. I haven't noticed any significant downtime or data breaches despite the layoffs. And this means that most of these employees were not being productive earlier and Twitter was overstaffed. One thing that may trouble Elon is the boycotting campaign from some of the advertisers. I am sure that he will get around it.

Musk is trying to keep twitter on the ear, it's a marketing component. The fact that there were many layoffs, perhaps this was a forced step so that he could rebuild it in his own way. Musk is a successful businessman, it will not be difficult for him to benefit from this direction. How many diverse businesses he manages to run and in each he manages to achieve success, not everyone will succeed.

Elon has a plan on twitter about X app, the everything app like we chat like we can pay, socialize, communicate, and ETC in one app. I haven't heard any developments on it for sure; they are still reading Twitter codes and studying it, but eventually that will happen for sure as that is a possible thing unless there are hindrances. Also, Elon stated that if they build the X app from scratch, it will take them more years, so to save time, he bought Twitter.

[JayTrain]

It's interesting to see how the actions of one individual, even someone as powerful as Elon Musk, can have such a significant impact on a company like Twitter. This situation highlights the importance of considering the perspectives and needs of all stakeholders, including users and advertisers, in making business decisions. It also emphasizes the potential consequences of disregarding those perspectives, such as loss of revenue and reputation.

[mich]

Well now Elon Musk is getting closer to making Twitter the 'everything app'.  The 3 US states of New Hampshire, Michigan, and Missouri gave their approval for money transmitting licenses.
This has been a plan of Elon Musk since last year a month after he bought it. I think only a matter of time when we will be sending crypto to each other on Twitter.
https://cryptoslate.com/twitter-stepping-up-its-payment-game-now-licensed-money-transmitter-in-3-states/ 

[BRINIRHA]

Well now Elon Musk is getting closer to making Twitter the 'everything app'.  The 3 US states of New Hampshire, Michigan, and Missouri gave their approval for money transmitting licenses.
This has been a plan of Elon Musk since last year a month after he bought it. I think only a matter of time when we will be sending crypto to each other on Twitter.
https://cryptoslate.com/twitter-stepping-up-its-payment-game-now-licensed-money-transmitter-in-3-states/ 

Elon musk has above average intelligence so that every thing he does is sometimes difficult for us to guess which direction his real goal is. But as you said sending each other crypto via twitter is getting closer. And even then it seems that was the plan from the start.

And what's interesting about Elon is that people seem to trust him a lot. he seems to have the charisma of a leader that makes people want to follow him. Even recently there was a poll conducted by Harvard University where the results were surprising, namely Elon Musk is one of the most liked figures in the US. even seems to surpass Joe Biden. isn't that amazing.

Sourch: https://twitter.com/balajis/status/1675922929006292992?s=20

[EFS]

Do you think Threads will be a serious competitor of Twitter? People are eager to try new apps but also some old habits don't change easily.
I feel like Twitter was a dying place way before Threads and now they have to compete with them. Maybe the real fight between Musk and Zuckerberg is this one.

[mich]

Well I do think Threads will be a serious competitor for Twitter. I know lots of people who are now using Threads more then Twitter, it is just a safer place online. And it is new and we like new things.
Threads is already very popular. There was 70 million signups 24 hours after it launched. Still much less compared to Twitter with 450 Million users but a good start for them.
https://www.cnbc.com/2023/07/07/metas-twitter-rival-threads-surpasses-50-million-signups-screenshots.html

[DrBeer]

Elon Musk's success in many companies, of course, cannot be a measure of whether Twitter can be successful or not. This is our consideration that many of the things we want don't always match. Twitter is a unique business, so we need people with good ideas who can sustain it. or make twitter successful.

First of all, we must remember that Elon Musk is not a perfect businessman, and in his history there have been both successful and unsuccessful projects. This means that we cannot assume that "everything Elon Musk touches becomes PayPal/Tesla/Space-X"...

Secondly - social networks are a separate world with its own characteristics, and it is far from technological solutions. As I have already written - my assumption is that this is an attempt to "jump-start" a major social network in order to make a profit, and not only in terms of money, but also in terms of information management and the formation of certain narratives in the community. Yes, I don't exclude that Elon Musk is also building a political career, and for that "own" audience is very necessary

[Alpha Marine]

Well said, my friend, you actually said my mind. Elon Musk thought it was business as usual thinking he can venture into anything and get it done better. Well, the Twitter purchase has put him on the wrong note, even the Tesla shares dropped so significantly. You see, if someone is touching almost everything and such things become successful, they see themselves as one demigod.

But not in all cases, social media is a different space entirely, especially when you are doing things that are anti-social media itself. He thought he can monetize everything better, but it boomerangs.

Actually, Elon Musk has started monetizing Twitter and it's going just fine for him.
A lot of people use Twitter, a lot of people don't know how much Twitter means to them, and I'm not talking of just businesses or companies and so on, I'm talking of common individuals. People who interact and spend time on Twitter. These people might just be seen interacting on Twitter, but they get a lot of updates from the app. News and sports channels report their news on Twitter, and crypto companies and almost every other company drop their updates on Twitter, they even drop links to the full stories.

People can keep up on a particular news update without actually watching the news if they have a reliable source on Twitter. Elon Musk knows this and he knows that there are people that are willing to pay to keep using this service.
Definitely, he will make mistakes, but he will learn from them, and he will get what he wants.

Recently he tried something to see how it will work, I guess he was just testing the waters. He knows what he's doing.