Off Topic Twitter - Elon Musk

Twitter massively over hired in recent years , especially during and immediately after Covid. Facebollocks and Google too

They are all shedding tens of thousands of jobs now that reality is making an appearance, and retrenchment is the name of the game in Silicon Valley now.

Some astounding stories have emerged about the level of spending by these companies on all sorts of nonsense. A lot of it is going to stop.

As for Twitter, the business has never made a profit, in common with many of these type of operations.

Some will survive and thrive, but all balloons burst.

 

Will have a look for it tonight, the headlines are sensational but there’s definitely more to this than meets they eye. I suspect the piss taking party is well and truely over at twitter. Facebook is also stripping back their workforce too but no one is looking at them, too busy being offended by what’s happening at twitter. If all was great Musk wouldn’t be upsetting the apple cart no one in their right mind would do that with a business that was working.

 

Keep seeing the picture of the c standing in front of a massive articulated truck and keep saying to myself how big is the battery to pull that over hundreds of miles?

 

What do think is in the back of the truck.....

 

Musk now stepping down as CEO after a series of colossal **** ups and vastly damaging the share price of 2 of his companies this year.

Is it a coincidence that he put up a twitter poll to ask the public if he should step down (when he knew what the answer would be) after spending time with the Saudi's at the World Cup?

 

Have to say it's all very bizarre. Reads like he bought it on a whim, bit like a pissed up eBay purchase and doesn't know what to do with it or how to turn it around.

Mind you with all his money, it's not going to affect him day to day

 

Remember - it's a private company and can do what it likes......

 

He tried to get out of the purchase at the last min too

https://www.nytimes.com/2022/10/27/...ad decided that he,to carry out the agreement.

 

He must have seen the books.

 

A bit of both as I understand, but the $13bn worth of debt that he took on and saddled to the company requires repayments of $1.2bn a year. Since he took over, the advertising revenue streams of the company have dropped from $4bn a year to $1.9bn.

Bankruptcy is a real possibility unless additional finance is put in. He's really managed to **** that company up purely due to the size of his own ego.

 

When you have **** you money, you literally can tell people to **** off.

It's remarkable that these companies were fine with all sorts of appalling Twitter content and conduct, but now that both sides can do it, it's a big problem.

From the same interview -

"What I care about is the reality of goodness, not the perception of it. And what I see all over the place is people who care about looking good while doing evil. **** them,"

 

Yet somehow the number of pointless unrelated adverts and scams has increased about 10 fold