Elon Musk and the fall of Twitter

[mich]

Well maybe there is not a fall of twitter anymore. Because before Elon Musk bought it it was going to look like it was going to become bankrupt.
But now the CEO Linda Yaccarino is saying it is almost to point of breaking even. She says a reason is that they reduced the staff from 8000 to only now 1500 people.
https://techcrunch.com/2023/08/10/ceo-says-x-formerly-twitter-is-close-to-break-even/

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[virasog]

A lot of people dont realize how big business work. From their point of view, when you start or buy business, you are obligatory to get profit the next day after purchase. People dont know that there are lots of companies that work with losses for years and decades, and feel fine. People dont know that even if company ends financial years with a loss, that company might have millions and billion in turnover, have lots of supply funds frozen in fixed assets and debtors. Until Twitter announced themselves to be bankrupt, Twitter hasnt failed.

When someone buys a platform, he will surely bring changes to the platform and some people may not like the change and they will be of the point of view that the platform will fail. But with the passage of time, if there is no loss of traffic and activity at platform, it means that the platform will not fail.

Some people may not like the name change etc but believe me no one is leaving twitter.

Today X has paid many people. X has now become a place where you can get paid like twitch. This seems like just the beginning. The application is very open to development. Elon can add many different things to the X application. Elon has such an opportunity.

I think it's too early to talk about the value of implementation X yet. Because many innovations will come to the application and there is no other application that can compete with this application.

I don't think Twitter which is now X would ever fail. There are a lot of people using X and they will continue using it no matter if there are changes in terms or addition of new features.
In order for Twitter (X) to fail, there needs to be a better platform than X, which does not exist currently.

[CODE200]

I'm not a fan of Elon Musk nor hate him, but this man sure has plan and vision for the betterment of twitter and now the 'X'. Surely, he will not waste and pay so much money just to destroy the brand of the platform. This man has brilliant mind and I know for sure that the rebranding of twitter is for good and will certainly shock the world.

Sometimes we don't need to hear other people opinion. I think Elon musk did a good job for twitter. even he already rebranding it. there is something that called product life cycle, if he rebranding it then it may safe twitter that we called X now. he is smart I think there is nothing to worry about what he is doing.

Agree on this! good or bad people will always have opinion about you and what you're doing, and the more you're succeeding and flourishing the more people will hate you. And that is why Elon has a lot of haters, because he is a successful man. It's a good thing that he's still doing what needs to be done even though a lot of people doubt him.

[mv1986]

Nice accolade for Elon Musk, I can clearly see that you are a big fan, I'm not, and there is no apology for that. And as much as I respect your opinion in this regard and agree with some of your points, never you qualify anyone above human, he is a human being and there is no achievement he has now that more hasn't had before him. If luck and grace shine on people, they and their fans believe there is no one like them, which is awkward.

As for turning Twitter around through diversification, it's the easiest thing anyone can do when there is money and I never doubted him but he actually disappointed me because he couldn't do it as CEO. We are talking about billions in his control, so what? If a low-budget business could find itself atop, how much more is a billion-dollar company?

Aside from that, all his so-called achievements can't be attributed to him alone as many of you widely conceived, it's deeper than the surface, they often use the unheard brains if you don't know but often claim the glory. I dared him while he was the CEO of Twitter, why did he relinquish the post to Linda Yaccarino? Every success from that microblogging app as far as I'm concerned is to her as from then and the resources at her disposal. Twitter is a big name already, so anything they do under that name can never find it hard to sell. Just like how banks are now becoming holdings and co, they are already established, so it's not new. He made a lot of mistakes as Twitter CEO which cost him and the company a lot, so don't pretend as if that never happened or he's perfect.

But aren't you being superficial here? I believe you can do better than that. I am not a Musk fan. I don't own a Tesla and I use Twitter/X once in three years. I won't ride a rocket to the moon and I didn't buy one of his flame throwers. I never praised his character either.

But one day I might have to use Starlink for my Internet, drive a Tesla because it is the best and the cheapest, buy a house from Solar City, use his underground tunnels to get from A to B, benefit from Neuralik, use X (former Twitter) for a dozen of things instead of just tweeting, and probably a variety of other applications he will try to build.

Do I think he is doing that alone? Do I think he deserves all the credit? Did Steve Jobs build the iPhone alone in his basement?

Even if Musk didn't turn a single screw driver in his entire life and just did everything with phone calls, finding and convincing the right people to do it for him, I would still say that I would have never been able in ten lives to pull off the same.

Him not being the CEO of Twitter, that has so many reasons, but one of them is probably that when you are the CEO or practically CEO of an empire like he has, does it really matter whether he officially keeps the title to his name? To me this was strategic. He is still the boss. But he noticed image problems and rather wants someone else to be blamed for harsh decisions being taken at X. Many reasons behind that, but certainly not because the guy would give up.

If he inherited his money, I would kind of understand your point. But people crying that everything is so easy as a billionaire when the billionaire is a self-made billionaire, that doesn't make sense to me, sorry.

By the way, tell me about a single CEO who wasn't ruthless at many points in their career. Musk is making shit decisions, like building the factory in Germany when close to that place there are problems with water already and he laughs about it in public, asked about the water issues. I didn't like that and thought he should show more sympathy/empathy. But seriously, I am aware of the world I live in. If he doesn't build the factory with all the money he has, someone else will build the factory.


Concerning your last sentence, could you specify where I said that he is perfect? But please provide with context. Thank you.

[yohananaomi]

Sometimes we don't need to hear other people opinion. I think Elon musk did a good job for twitter. even he already rebranding it. there is something that called product life cycle, if he rebranding it then it may safe twitter that we called X now. he is smart I think there is nothing to worry about what he is doing.

Elon Musk does what he does with his own thoughts and doesn't need anyone's opinion. Since Elon Musk might have already taken the step of turning Twitter into X, this must be a good idea. Elon Musk would probably think of developing something better because his intentions are positive things that can be improved upon. It is true that an intelligent and smart person always does what he does in his own wisdom and does not act on the opinion of others.

It is certain that as a big businessman, he will not do anything that will be detrimental; he will try in every way that is sometimes difficult to predict to be able to give a surprise. Likewise with Twitter, so that he can contribute to his business just like he manages other companies such as Tesla.It's been seen now that before changing to X, Elon made many changes from unpaid to paid to provide additional income. and this will continue to be done for X to continue to innovate because Elon knows that X has many fans and is very profitable if managed properly, so he has no doubts about taking over Twitter even with a loan and cooperation.

[JeffBrad12]

Well maybe there is not a fall of twitter anymore. Because before Elon Musk bought it it was going to look like it was going to become bankrupt.
But now the CEO Linda Yaccarino is saying it is almost to point of breaking even. She says a reason is that they reduced the staff from 8000 to only now 1500 people.

thats surprising news to be honest, many are saying that elon just quite literally become the cause of the twitter impending doom but it turned out to be a big misconception.
elon is currently playing 4d chess here. but i guess the fact that twitter is close to break even is because the fact that they are making the blue tick badge and gold ones a subscription that generates them consistent money
monthly for long term, they aren't dependent on those advertisers no more, which probably might their overall condition of the company economy improving.
the fact that even instagram which is owned by meta is doing the same thing, speaks a lot about how well this strategy went.

[coupable]

Well maybe there is not a fall of twitter anymore. Because before Elon Musk bought it it was going to look like it was going to become bankrupt.
But now the CEO Linda Yaccarino is saying it is almost to point of breaking even. She says a reason is that they reduced the staff from 8000 to only now 1500 people.

thats surprising news to be honest, many are saying that elon just quite literally become the cause of the twitter impending doom but it turned out to be a big misconception.
elon is currently playing 4d chess here. but i guess the fact that twitter is close to break even is because the fact that they are making the blue tick badge and gold ones a subscription that generates them consistent money
monthly for long term, they aren't dependent on those advertisers no more, which probably might their overall condition of the company economy improving.
the fact that even instagram which is owned by meta is doing the same thing, speaks a lot about how well this strategy went.

After Elon Musk's recent decision to change the company's name to the symbol X, which his other companies are famous for, and after bypassing the platform by paying more than a third of a billion dollars as a result of its refusal to provide the US judiciary with evidence of Trump's account activity due to the state security cases brought against him, it is clear that Elon Musk does not aim to save Twitter from its financial crisis and generate revenue. Apparently, he will only be using the platform to promote himself and his projects. This will certainly affect the extent of the turnout on the platform and the level of freedom of expression in it.

[rikybrosh]

I think he did not spend a lot of money only for destroying something that he bought. Until now, I only see that twitter that we called X is become something that become trendy again. Buying Twitter is good decision because it has so many users and controlling this platform can give benefits to the owners. If I have something like twitter then I will maximize it for free advertisement for me, so my product will easily sold out.

[dothebeats]

I think he did not spend a lot of money only for destroying something that he bought. Until now, I only see that twitter that we called X is become something that become trendy again. Buying Twitter is good decision because it has so many users and controlling this platform can give benefits to the owners. If I have something like twitter then I will maximize it for free advertisement for me, so my product will easily sold out.

Of course, Elon Musk is a businessman so I'm sure he did not just buy Twitter (now referred to as X) to waste money. I'm sure he has plans to maximize the platform he bought. However, X's popularity is low now compared to the then status of Twitter wherein a lot of users are active and maximizing the platform's features. As for advertisement, a lot of merchants prefer using Instagram for it, specifically the story feature of the platform wherein they can easily and effectively advertise through pictures and videos, you will see that most brands are more active there. I think Elon Musk is trying to rebrand Twitter, as X feels more chic and sophisticated compared to the old look of the social media platform.

[xSkylarx]

I think he did not spend a lot of money only for destroying something that he bought. Until now, I only see that twitter that we called X is become something that become trendy again. Buying Twitter is good decision because it has so many users and controlling this platform can give benefits to the owners. If I have something like twitter then I will maximize it for free advertisement for me, so my product will easily sold out.

Of course, Elon Musk is a businessman so I'm sure he did not just buy Twitter (now referred to as X) to waste money. I'm sure he has plans to maximize the platform he bought. However, X's popularity is low now compared to the then status of Twitter wherein a lot of users are active and maximizing the platform's features. As for advertisement, a lot of merchants prefer using Instagram for it, specifically the story feature of the platform wherein they can easily and effectively advertise through pictures and videos, you will see that most brands are more active there. I think Elon Musk is trying to rebrand Twitter, as X feels more chic and sophisticated compared to the old look of the social media platform.

They are using it as a part of the Everything app, and Musk is planning to have an Everything app like WeChat. Musk is wanting an app that the people will use for basically everything, like paying from it, booking a taxi, finding foods, social media, and everything else you can think of. This is really one of the reasons why he bought Twitter, and on top of that, he is making profits from purchases on it. But right now, I do see more reasons that he is really integrating this into his app, and let's see what the outcome of it is.

[Crypto Library]

I think he did not spend a lot of money only for destroying something that he bought. Until now, I only see that twitter that we called X is become something that become trendy again. Buying Twitter is good decision because it has so many users and controlling this platform can give benefits to the owners. If I have something like twitter then I will maximize it for free advertisement for me, so my product will easily sold out.

Of course, Elon Musk is a businessman so I'm sure he did not just buy Twitter (now referred to as X) to waste money. I'm sure he has plans to maximize the platform he bought. However, X's popularity is low now compared to the then status of Twitter wherein a lot of users are active and maximizing the platform's features. As for advertisement, a lot of merchants prefer using Instagram for it, specifically the story feature of the platform wherein they can easily and effectively advertise through pictures and videos, you will see that most brands are more active there. I think Elon Musk is trying to rebrand Twitter, as X feels more chic and sophisticated compared to the old look of the social media platform.

They are using it as a part of the Everything app, and Musk is planning to have an Everything app like WeChat. Musk is wanting an app that the people will use for basically everything, like paying from it, booking a taxi, finding foods, social media, and everything else you can think of. This is really one of the reasons why he bought Twitter, and on top of that, he is making profits from purchases on it. But right now, I do see more reasons that he is really integrating this into his app, and let's see what the outcome of it is.

Changing the name of Elon Musk's Twitter to X was not logical at all.  A lot of users have dropped from Twitter due to Elon Musk's activities and Mark Zuckerberg is taking advantage of this opportunity.  Thread is becoming very popular and its popularity is spreading very fast.  Elon Musk's actions have given Mark Zuckerberg many opportunities to position Thread in a good position. Facebook's popularity was already much higher than Twitter's, which is why Twitter could not compete with Thread and grow.  Among them, Twitter's sudden name change further dropped Twitter's popularity. Elon Musk may have won over his emotions by changing the name of Twitter.  But it is a big loss for him in terms of business.  But only he knows why he did such a thing.  So we can't comment negatively on it without knowing its strategy.  But since Elon Musk is a shrewd businessman, I hope he didn't make any bad moves

[bakasabo]

Changing the name of Elon Musk's Twitter to X was not logical at all.  A lot of users have dropped from Twitter due to Elon Musk's activities and Mark Zuckerberg is taking advantage of this opportunity.  Thread is becoming very popular and its popularity is spreading very fast.  Elon Musk's actions have given Mark Zuckerberg many opportunities to position Thread in a good position. Facebook's popularity was already much higher than Twitter's, which is why Twitter could not compete with Thread and grow.  Among them, Twitter's sudden name change further dropped Twitter's popularity. Elon Musk may have won over his emotions by changing the name of Twitter.  But it is a big loss for him in terms of business.  But only he knows why he did such a thing.  So we can't comment negatively on it without knowing its strategy.  But since Elon Musk is a shrewd businessman, I hope he didn't make any bad moves

You are completely wrong about Threads.

Threads app usage plummets despite initial promise as refuge from Twitter. Social media app, launched in the wake of Twitter chaos, recorded 576,000 active users in August, down 79% from 2.3 million in July.

From the side, it looks like Threads have failed to move Twitter in social media space. Right now, users mostly download Threads to see what is has, find out that they are same as Twitter, and move back to where they are more used to. Thread awaits same fate Google+ had, it will die due to lack of activity and users interest in it.

I dont think that changing of Twitter to X somehow had a huge effect. People still call it Twitter. People still click on the same place on their mobile screen, tablet or desktop to open an app, no matter how it is called. People still click buttons, located on same places to do things they are used to (I am speaking about making a tweet, like, retweet or reply.

[Hispo]

By the way, I am the only one who thinks that rebranding Twitter as X is a bad idea?
This social media has been known as Twitter since it's conception and its name had become well known among both users and outsiders of it. And now suddenly it changed to X.

To me does not make much sense to move from a brand and name which was already very popular and easily recognizable to everyone to a new one.

It would be something similar if Pepsi or Coca Cola decided to rebrand themselves as "W" or "Y". Is this something you would do as a CEO ? Be honest.
Of course I would not, to me keeping the image and logo of the company is more intelligent.

[KiaKia]

By the way, I am the only one who thinks that rebranding Twitter as X is a bad idea?
This social media has been known as Twitter since it's conception and its name had become well known among both users and outsiders of it. And now suddenly it changed to X.

To me does not make much sense to move from a brand and name which was already very popular and easily recognizable to everyone to a new one.

It would be something similar if Pepsi or Coca Cola decided to rebrand themselves as "W" or "Y". Is this something you would do as a CEO ? Be honest.
Of course I would not, to me keeping the image and logo of the company is more intelligent.

It doesn't make much sense because we aren't the owner, maybe it makes sense to Elon Musk himself? If not, why would he change the name? Maybe he has other plans and maybe these plans will have everything that will back up the reason why he changes the name to X?

There is no reason to rush for answers but I believe it's coming, Elon Musk is more smarter than just rebranding Twitter, I believe this platform will probably turn into a marketplace for crypto in the future, I mean the first social platform where good numbers of crypto can be accepted among the users.

I won't dare underestimate a man who builds Tesla, he is not for jokes, something good is coming and rebranding Twitter to X is not going to be the last thing he will do.

[Lorence.xD]

By the way, I am the only one who thinks that rebranding Twitter as X is a bad idea?
This social media has been known as Twitter since it's conception and its name had become well known among both users and outsiders of it. And now suddenly it changed to X.

To me does not make much sense to move from a brand and name which was already very popular and easily recognizable to everyone to a new one.

It would be something similar if Pepsi or Coca Cola decided to rebrand themselves as "W" or "Y". Is this something you would do as a CEO ? Be honest.
Of course I would not, to me keeping the image and logo of the company is more intelligent.

For sure Elon has something on his mind, it's like some other brand upgrading their signature name into something new that people would tend to acknowledge in the meantime. We all have been attached with the "Twitter" since it's been running for a long time, we also have seen some crypto related like doge logo posted in the twitter since Elon is advertising it. It might be changing of design becoming into modern style? Because Elon Musk it's not just a simple CEO that are relying on Twitter. He's actually a billionaire so he could actually whatever he likes on Twitter and the fact that he bought it. If you also research about Elon, you could see that his first company based on my research is called "SpaceX". So I think that is his inspiration for naming Twitter as X.

[Sithara007]

By the way, I am the only one who thinks that rebranding Twitter as X is a bad idea?
This social media has been known as Twitter since it's conception and its name had become well known among both users and outsiders of it. And now suddenly it changed to X.

To me does not make much sense to move from a brand and name which was already very popular and easily recognizable to everyone to a new one.

It would be something similar if Pepsi or Coca Cola decided to rebrand themselves as "W" or "Y". Is this something you would do as a CEO ? Be honest.
Of course I would not, to me keeping the image and logo of the company is more intelligent.

That was my first impression as well. But then, Elon is the richest person in the world and he might have done this after thinking about the consequences. Despite being one of the most popular social media platforms, the revenue generation potential of Twitter is still underutilized. It generates only a fraction of the revenue that other platforms such as Facebook generate. So Elon might be hoping to start afresh, with a new brand name. He probably wants to leave the old baggage behind and move on. And some of the new ideas such as revenue distribution towards content generators sounds exciting for me.

[BRINIRHA]

Well maybe there is not a fall of twitter anymore. Because before Elon Musk bought it it was going to look like it was going to become bankrupt.
But now the CEO Linda Yaccarino is saying it is almost to point of breaking even. She says a reason is that they reduced the staff from 8000 to only now 1500 people.
https://techcrunch.com/2023/08/10/ceo-says-x-formerly-twitter-is-close-to-break-even/

Well, Twitter will still survive under Elon's ownership. Several months ago, Twitter was predicted to be outdone by its new competitor, namely a new social media platform designed similar to Twitter, namely Threads. But as we see today Twitter remains unbeaten. And I think Twitter users are still loyal to Twitter to this day. And Threads only gained popularity at the start of its release and now the hype is starting to drop.

Elon has good plans for Twitter, namely to become a social media platform that will potentially become a bridge in cross-border payments.

[bakasabo]

By the way, I am the only one who thinks that rebranding Twitter as X is a bad idea?
This social media has been known as Twitter since it's conception and its name had become well known among both users and outsiders of it. And now suddenly it changed to X.

To me does not make much sense to move from a brand and name which was already very popular and easily recognizable to everyone to a new one.

It would be something similar if Pepsi or Coca Cola decided to rebrand themselves as "W" or "Y". Is this something you would do as a CEO ? Be honest.
Of course I would not, to me keeping the image and logo of the company is more intelligent.

I see nothing bad in such rebranding. They have changed only the name of the wrapping, but the taste of candy stayed the same. It was amatter of time when we will see X. X stands for synenergy, compilation of products. Elon told that he is planning to turn twitter into something more than just instrument to share ideas. I trully believe that it is early to evaluate Elon, Twitter and what he did or will do with it. We will see the effect of this deal in years only.

[dothebeats]

By the way, I am the only one who thinks that rebranding Twitter as X is a bad idea?
This social media has been known as Twitter since it's conception and its name had become well known among both users and outsiders of it. And now suddenly it changed to X.

To me does not make much sense to move from a brand and name which was already very popular and easily recognizable to everyone to a new one.

It would be something similar if Pepsi or Coca Cola decided to rebrand themselves as "W" or "Y". Is this something you would do as a CEO ? Be honest.
Of course I would not, to me keeping the image and logo of the company is more intelligent.

I see nothing bad in such rebranding. They have changed only the name of the wrapping, but the taste of candy stayed the same. It was amatter of time when we will see X. X stands for synenergy, compilation of products. Elon told that he is planning to turn twitter into something more than just instrument to share ideas. I trully believe that it is early to evaluate Elon, Twitter and what he did or will do with it. We will see the effect of this deal in years only.

I agree. Twitter was getting too old and boring for users anyway so rebranding was a good idea. It sure gathered a lot of attention when the rebranding was presented and launched. I'm sure Elon Musk still has a lot of changes to apply as Twitter turns to X and those changes will come as time passes, hence the full effects of the rebranding will only be felt after a few months or years. However, seeing as X is still being used by many and is gathering more attention due to the rebrand changes then I wouldn't say that Twitter or X will fall anytime soon.

[Synchronice]

Well maybe there is not a fall of twitter anymore. Because before Elon Musk bought it it was going to look like it was going to become bankrupt.
But now the CEO Linda Yaccarino is saying it is almost to point of breaking even. She says a reason is that they reduced the staff from 8000 to only now 1500 people.
https://techcrunch.com/2023/08/10/ceo-says-x-formerly-twitter-is-close-to-break-even/

Twitter definitely works well if we keep in mind that staff went from 8K to 1500 people but this makes me think, what was the working culture in Twitter? How hard worker were their employees? What's the working culture in America? As far as I know, people work very hard in the USA and work 10-12 hours a day, usually. Do people in tech just drink coffee, read books and write a couple of lines on their computer?

After Elon Musk's recent decision to change the company's name to the symbol X, which his other companies are famous for, and after bypassing the platform by paying more than a third of a billion dollars as a result of its refusal to provide the US judiciary with evidence of Trump's account activity due to the state security cases brought against him, it is clear that Elon Musk does not aim to save Twitter from its financial crisis and generate revenue. Apparently, he will only be using the platform to promote himself and his projects. This will certainly affect the extent of the turnout on the platform and the level of freedom of expression in it.

His plans regarding to Twitter are very strange. Why did he change logo? What was the point? Twitter is not a twitter anymore! He said that his aim is freedom of speech and it's okay for him to lose all the money that he paid in Twitter if that's the price of freedom of speech. By the way, mistakes aren't expected for Elon Musk, that makes it impossible to predict whether it will be a good long-term decision what he does or not.