Elon Musk and the fall of Twitter

[oktana]

This is somehow surprising to read. Is it that I did not read the news or is it hard to find info? Because right from when he purchased 𝕏, it seems like it’s what he always wanted, and wouldn’t sell it for anything. In fact I believed he wouldn’t sell it because he doesn’t want it in the wrong hands (doesn’t mean his hands are perfect though). Today, he seems happy that he purchased it. He’s made a lot of changes to the app, and it all seems like what he always wanted. So how’s this true?

[1715360700]

1715360700

[1715360700]

1715360700

[1715360700]

1715360700

[1715360700]

1715360700

[poodle63]

This is somehow surprising to read. Is it that I did not read the news or is it hard to find info? Because right from when he purchased 𝕏, it seems like it’s what he always wanted, and wouldn’t sell it for anything. In fact I believed he wouldn’t sell it because he doesn’t want it in the wrong hands (doesn’t mean his hands are perfect though). Today, he seems happy that he purchased it. He’s made a lot of changes to the app, and it all seems like what he always wanted. So how’s this true?

well some people saying that twitter in the hands of elon musk is falling big time because it was peaking at $66 billion valuation back then now it plummets to as low as $25 bln which slowly raising again right now reaching about $40 billion if im not mistaken, thats why people are labeling that fact as fall of twitter in the hands of elon musk but honestly I guess that elon just want that share of power in media, so basically right now its already serving his purposes.
regardless though I still wonder how twitter fare in term of revenue in the hands of elon musk whether its starting to thrive or is it has been decreasing ever since his acquisition considering the fact that he has made some unique way of increasing revenue this time arounds.

[oktana]

This is somehow surprising to read. Is it that I did not read the news or is it hard to find info? Because right from when he purchased 𝕏, it seems like it’s what he always wanted, and wouldn’t sell it for anything. In fact I believed he wouldn’t sell it because he doesn’t want it in the wrong hands (doesn’t mean his hands are perfect though). Today, he seems happy that he purchased it. He’s made a lot of changes to the app, and it all seems like what he always wanted. So how’s this true?

well some people saying that twitter in the hands of elon musk is falling big time because it was peaking at $66 billion valuation back then now it plummets to as low as $25 bln which slowly raising again right now reaching about $40 billion if im not mistaken, thats why people are labeling that fact as fall of twitter in the hands of elon musk but honestly I guess that elon just want that share of power in media, so basically right now its already serving his purposes.
regardless though I still wonder how twitter fare in term of revenue in the hands of elon musk whether its starting to thrive or is it has been decreasing ever since his acquisition considering the fact that he has made some unique way of increasing revenue this time arounds.

Well, he kind of stormed in when he bought it but I guess he’s now beginning to align things a bit more properly. Some people rumor that he is selling twitter blue to make his money back, but on the contrary, he’s paying people for ads shown on their content and that’s amazing. In the end, I like that it’s him who bought twitter, and not Zuck. I don’t see why he’ll ever want to sell it too, so at least I know Zuck can’t have all the control he wants.

[johnsaributua]

After twitter changed its name to X, indicating that the ownership and TOS changed very drastically, including the user interface, Elon has great characteristics and influence in the business world, and the idea of acquiring twitter was not playing games when he became the talk when his speech also inflated crypto prices. In terms of current development, twitter makes it easy for anyone to become a premium member by paying rent, purely not all current twitter users are not entirely achievement paths, there is indeed a fee for creators in contrast to the old days where everything was free and there was no reciprocity in terms of twitter user contributions. Reputation is not good if it gives an instant option to buy. for me the development of X is quite good and I think elon has gotten more benefits and material until now.

[FinneysTrueVision]

Since the purchase of Twitter by Elon Musk, nothing bad has happened on this network. It seems to me that nothing much has changed, the popularity of the social network has not decreased. So Elon Musk chose the right vector of development.

Nothing bad has happened except losing millions of dollars in advertising, devaluing it by more than half, and seeing a large decline in app installs. Advertising is Twitter's only significant source of revenue. Without revenue Musk will be unable to repay the loans, which came with high interest, used to purchase Twitter. As Musk admitted, "the advertiser boycott will kill Twitter".

[Hamphser]

After twitter changed its name to X, indicating that the ownership and TOS changed very drastically, including the user interface, Elon has great characteristics and influence in the business world, and the idea of acquiring twitter was not playing games when he became the talk when his speech also inflated crypto prices. In terms of current development, twitter makes it easy for anyone to become a premium member by paying rent, purely not all current twitter users are not entirely achievement paths, there is indeed a fee for creators in contrast to the old days where everything was free and there was no reciprocity in terms of twitter user contributions. Reputation is not good if it gives an instant option to buy. for me the development of X is quite good and I think elon has gotten more benefits and material until now.

We cant really be able to tell if they are really that in revenue now or still at loss.
If we do tend to look back on how much of that deal;

about $13 billion
Elon Musk, to finance the Twitter deal, secured about $13 billion by bank loans. Elon Musk's Twitter deal was finalised on October 27. World's richest man initially wanted to limit his own investment in the $44 billion deal to little more than $15 billion
Link

We cant really be able to say about fall of twitter yet even just looking about its relevance and usage.It do looks that it did become even more better.
Adjustments is made of course and it would be taking up some time.

[mich]

Since the purchase of Twitter by Elon Musk, nothing bad has happened on this network. It seems to me that nothing much has changed, the popularity of the social network has not decreased. So Elon Musk chose the right vector of development.

Nothing bad has happened except losing millions of dollars in advertising, devaluing it by more than half, and seeing a large decline in app installs. Advertising is Twitter's only significant source of revenue. Without revenue Musk will be unable to repay the loans, which came with high interest, used to purchase Twitter. As Musk admitted, "the advertiser boycott will kill Twitter".

Yes he did lose millions of dollars in advertising. But it is worse then that. By changing the name of twitter he has lost $4 Billion to $20 Billion of brand value. For him changing the name gives him the power but it also was not good for his money.

https://fortune.com/2023/07/24/elon-musk-twitter-x-brand-value/

[Wind_FURY]

After twitter changed its name to X, indicating that the ownership and TOS changed very drastically, including the user interface, Elon has great characteristics and influence in the business world, and the idea of acquiring twitter was not playing games when he became the talk when his speech also inflated crypto prices. In terms of current development, twitter makes it easy for anyone to become a premium member by paying rent, purely not all current twitter users are not entirely achievement paths, there is indeed a fee for creators in contrast to the old days where everything was free and there was no reciprocity in terms of twitter user contributions. Reputation is not good if it gives an instant option to buy. for me the development of X is quite good and I think elon has gotten more benefits and material until now.

We cant really be able to tell if they are really that in revenue now or still at loss.
If we do tend to look back on how much of that deal;

about $13 billion
Elon Musk, to finance the Twitter deal, secured about $13 billion by bank loans. Elon Musk's Twitter deal was finalised on October 27. World's richest man initially wanted to limit his own investment in the $44 billion deal to little more than $15 billion
Link

We cant really be able to say about fall of twitter yet even just looking about its relevance and usage. It do looks that it did become even more better.

Adjustments is made of course and it would be taking up some time.

Although you're right that it's still too early to say if the Fall Of Twitter is truly about to happen, but "Twitter" which is now called "X" currently has more spammers, and many of them pay for promoted ads.

But having said that, the social media still has the largest organic traffic and the least paid traffic compared to Instagram and Facebook.



Plus Elon Musk's release of xAI, Grok, and PromptIDE which might be integrated in X has a lot of potential.

[DrBeer]

Musk's cheap shots are costing him dearly. including reputationally. After the scandal with his anti-Semitic "heroic" statements, with his "I am not afraid of anyone, I am the great and powerful Musk" face, it turned out that Musk is a very submissive and dependent character. He tiptoed to Israel, immediately changed his rhetoric, his voice from rude and "militant" to a quiet and submissive whisper, and complete agreement with everything he was told in Israel )

After that he decided to vent his nerves and resentment for such a "compulsion to do good" on the companies that refused to use the slowly but surely degrading platform "X" for their advertising campaigns, throwing a tantrum and cursing them

If Musk thinks that Trump and other "sponsors" will support him forever or long, I think he's wrong.

Didn't he just f$ck the advertisers in the interview on New York Times?
Day after that day, articles came out already are against him calling him crazy and that electric cars are failures lol  

He said he is going to document it all and that the world will know who these advertisers who boycotted Twitter all for him telling the truth. I must say he got the balls. If he won't die in suicide, he might just pack with the others who have balls like Dana White who also did the same when his sponsor want him to delete his post about Trump support.

It's just the usual media wrangling, where everyone, for their own pay or their own perspectives, can spit chewed up crap long and far
I gave a completely different example. When for the first time the "great Musk", having blabbed another idiocy, did not ignore the outrage, but obediently came running to apologize and behave like a good boy. I'm surprised he didn't grow a paisa or wear a kippah

[johnsaributua]

After twitter changed its name to X, indicating that the ownership and TOS changed very drastically, including the user interface, Elon has great characteristics and influence in the business world, and the idea of acquiring twitter was not playing games when he became the talk when his speech also inflated crypto prices. In terms of current development, twitter makes it easy for anyone to become a premium member by paying rent, purely not all current twitter users are not entirely achievement paths, there is indeed a fee for creators in contrast to the old days where everything was free and there was no reciprocity in terms of twitter user contributions. Reputation is not good if it gives an instant option to buy. for me the development of X is quite good and I think elon has gotten more benefits and material until now.

We cant really be able to tell if they are really that in revenue now or still at loss.
If we do tend to look back on how much of that deal;

about $13 billion
Elon Musk, to finance the Twitter deal, secured about $13 billion by bank loans. Elon Musk's Twitter deal was finalised on October 27. World's richest man initially wanted to limit his own investment in the $44 billion deal to little more than $15 billion
Link

We cant really be able to say about fall of twitter yet even just looking about its relevance and usage. It do looks that it did become even more better.

Adjustments is made of course and it would be taking up some time.

Although you're right that it's still too early to say if the Fall Of Twitter is truly about to happen, but "Twitter" which is now called "X" currently has more spammers, and many of them pay for promoted ads.

But having said that, the social media still has the largest organic traffic and the least paid traffic compared to Instagram and Facebook.



Plus Elon Musk's release of xAI, Grok, and PromptIDE which might be integrated in X has a lot of potential.

That's true, maybe they think that social media like X has no restrictions, the world is freer including cryptocurrencies, how easy it is to gain trust with just a premium X account. old users on twiter are very comfortable especially when X gives more free space. i try to open any algorithm and search then the day will appear without interacting with each other. really X is in the hands of paid users, although the content is nothing more than ordinary things or some spam.
Especially the ownership and income from X in my opinion is only a small part for elon, or even just volunteering to buy X and have fun. but I salute elon willing to spend what I think is very large money for his activities. Even the role of X is quite important and more highlighted and even more trusted than other platforms and monitoring crypto. many X features are superior and survive using X.

[shinratensei_]

Although you're right that it's still too early to say if the Fall Of Twitter is truly about to happen, but "Twitter" which is now called "X" currently has more spammers, and many of them pay for promoted ads.

But having said that, the social media still has the largest organic traffic and the least paid traffic compared to Instagram and Facebook.

Plus Elon Musk's release of xAI, Grok, and PromptIDE which might be integrated in X has a lot of potential.

fair enough argument the fact that twitter might have integration to the platform that elon is creating, we will not find such thing had twitter not changing hands of ownership.
but regardless its gonna be a challenge for elon to take advantage of his own platform in the future and try to pave way for his proposed all in one financial apps and social apps.
it seems elon has tried to get twitter to go back up recovering to its original state after the feud and it doesn't seem likely to succeed then elon just ditch it and go on trying to make an even bigger platform and more capable platform than twitter so that he instead try to go big with the platform this time.
if his idea of creating all in one platform succeed then he will be dominating the financial sectors, but I guess thats not gonna be that easy, he intended to try replacing banks but we know how attached to our lives these banks are.

[Hispo]

Since the purchase of Twitter by Elon Musk, nothing bad has happened on this network. It seems to me that nothing much has changed, the popularity of the social network has not decreased. So Elon Musk chose the right vector of development.

Nothing bad has happened except losing millions of dollars in advertising, devaluing it by more than half, and seeing a large decline in app installs. Advertising is Twitter's only significant source of revenue. Without revenue Musk will be unable to repay the loans, which came with high interest, used to purchase Twitter. As Musk admitted, "the advertiser boycott will kill Twitter".

Ironically the only thing keeping Twitter/X together is the inertia people has on their accounts. Noboby wants to move to another different social media and start again with 0 followers. It does not matter one only has 12 or 1 million followers, the inertia won't allow people to abandon their accounts, specially if they do it to post in other social media with less active users where their usual celebrities and internet starts/official accounts are not present.
If people starts to move massively and the inertia breaks down, it would be the actually beginning of the end for Elon Musk's project of social media.
If I was him, I would try to make advertisers a little bit more comfortable with their brand being around there in Twitter. Honestly, I am not a billionaire not a businesspeople and I can see the writing on the wall.

[mich]

Well Elon Musk now did just get a Money Transmitter License in the state of South Dakota. That is now 10 US states he has this License. Arizona, Georgia, Iowa, Maryland, Michigan, Mississippi, Missouri, New Hampshire, Rhode Island, and South Dakota.

I think he knew he was going to lose money with his purchase of twitter. But he does want to rival companies like PayPal, Square, and Stripe. I do think it will do crypto payments in the future. It is all a part of the master plan he has to make it a 'everything app'.

https://www.thestreet.com/crypto/innovation/elon-musk-x-twitter-get-money-transmitter-license-in-move-to-crypto

[WillyAp]

Most nay sayers are glued to the mainstream. 

Sure he needs adverts but there are other sources he most likey taps into them.
Abroad companies, Users and much more.