Twitter is better

[Wrestleknownothing]

32 minutes ago, ionel said:

Oldest son works for Nike, his gf works for SpaceX (both Engs), should I be upping my Christmas present ask? 

100% yes

[WrestlingRasta]

8 hours ago, ionel said:

Oldest son works for Nike, his gf works for SpaceX (both Engs), should I be upping my Christmas present ask? 

Upping???  Unless they acquired these jobs in the last 12 months…..why was it not already upped????

[Wrestleknownothing]

I see Musk has reinstated Alex Jones and did it by hosting a live chat with Jones, Andrew Tate, and Vivek Ramaswamy.

I cannot bring myself to download or use Twitter, but I also cannot look away from the slow motion car crash that is Musk's ownership of the platform.

[Plasmodium]

6 minutes ago, Wrestleknownothing said:

I see Musk has reinstated Alex Jones and did it by hosting a live chat with Jones, Andrew Tate, and Vivek Ramaswamy.

I cannot bring myself to download or use Twitter, but I also cannot look away from the slow motion car crash that is Musk's ownership of the platform.

He is all in.

The customers of x are the advertisers.  The product they are selling is the users. Does the addition of Alex Jones improve the product?

[VakAttack]

15 minutes ago, Wrestleknownothing said:

I see Musk has reinstated Alex Jones and did it by hosting a live chat with Jones, Andrew Tate, and Vivek Ramaswamy.

I cannot bring myself to download or use Twitter, but I also cannot look away from the slow motion car crash that is Musk's ownership of the platform.

I can't even imagine what the reasoning was.  He banned him before because of his use of the dead children, something like:

Quote

“My firstborn child died in my arms. I felt his last heartbeat,” Musk said when asked if he would reinstate Jones’s account last year. “I have no mercy for anyone who would use the deaths of children for gain, politics or fame.”

 

Now, we found out later the first part was a lie, but apparently so was the last!

[Wrestleknownothing]

And now we have some numbers from people "familiar with the matter".

2022 ad revenue $4.73 bn

2023 ad revenue $2.5 bn estimated

-47.15%

 

 

[VakAttack]

20 minutes ago, Wrestleknownothing said:

And now we have some numbers from people "familiar with the matter".

2022 ad revenue $4.73 bn

2023 ad revenue $2.5 bn estimated

-47.15%

 

 

Wow.  It's crazy that a man who was pretty good at running an EV tech company and very good at running a space tech company was not automatically good at running a social media company!

[mspart]

Apparently the previous folks running the place weren't doing so well either.

https://www.cbsnews.com/news/elon-musk-twitter-x-one-year-after-acquisition/

... Twitter was already struggling financially when Musk purchased it for $44 billion in a deal that closed Oct. 27, 2022,

So the demise continues. 

mspart

 

[headshuck]

Best damn tech investment in the history of mankind!

[ionel]

2 hours ago, Wrestleknownothing said:

And now we have some numbers from people "familiar with the matter".

2022 ad revenue $4.73 bn

2023 ad revenue $2.5 bn estimated

-47.15%

 

 

Musk must be efficient, he can run it with half the revenue.  Efficiency is why SpaceX and Boring are successful. 

[Offthemat]

20 minutes ago, ionel said:

Musk must be efficient, he can run it with half the revenue.  Efficiency is why SpaceX and Boring are successful. 

Those are listed as revenues and not profits. 

[jross]

This may put X in line with 2018 revenue.  We know some of the costs were notably reduced but we are not privy to everything.  There might be some income before taxes...

[Wrestleknownothing]

9 minutes ago, jross said:

This may put X in line with 2018 revenue.  We know some of the costs were notably reduced but we are not privy to everything.  There might be some income before taxes...

Even Musk says there isn't.

And what is missing from 2018? How about ~$1.5 billion in annual debt service.

He may have reduced human cost, but I doubt he reduced total cost.

Edited December 13, 2023 by Wrestleknownothing

[jross]

 

[headshuck]

X plans to be the “everything” app. I’m old enough to remember Jeff Bezos in the early days claiming you would someday buy everything on Amazon.com.

[Wrestleknownothing]

26 minutes ago, jross said:

 

"Just about break even on an operating cashflow perspective" means they are just about $1.5 billion in the hole once they pay that interest. Damn interest.

And this was before the latest round of advertisers got told to do the anatomically improbable.

[Wrestleknownothing]

29 minutes ago, headshuck said:

X plans to be the “everything” app. I’m old enough to remember Jeff Bezos in the early days claiming you would someday buy everything on Amazon.com.

I remember all the entrepreneurs who thought if they made claims they were the next Steve Jobs....

[WrestlingRasta]

52 minutes ago, headshuck said:

X plans to be the “everything” app. I’m old enough to remember Jeff Bezos in the early days claiming you would someday buy everything on Amazon.com.

Did he give a prediction as to when that would be ?

[headshuck]

I remember all the entrepreneurs who thought if they made claims they were the next Steve Jobs....

I’m a cup 1/2 full type of entrepreneur.

This particular entrepreneur, Musk, has a little bit of experience to back it up.

[headshuck]

Did he give a prediction as to when that would be ?

Bezos? No. But I sure regret not buying stock.

[ionel]

1 hour ago, Offthemat said:

Those are listed as revenues and not profits. 

Thats what I said "revenue." 

[Offthemat]

51 minutes ago, ionel said:

Thats what I said "revenue." 

I was just trying to emphasize it. 

[GreatWhiteNorth]

6 hours ago, headshuck said:

X plans to be the “everything” app. I’m old enough to remember Jeff Bezos in the early days claiming you would someday buy everything on Amazon.com.

X?

Xwitter will never, ever be the "everything" app. Not an ice cube's chance in hell.

The idea of Xwitter taking over online commerce is like the idea that Ford will take over all auto companies. The competition won't allow it to happen.

Tech companies made boatloads of money because they initially existed in a space with no competition. As soon as competition arrived, their rocketing success was immediately tampered.

Twitter had (1) "tech" feature that their competitors couldn't match. Did that make it worth $44 billion? Meh.

Xwitter will have all it can do to keep ahead of the competition. Any plans of being "everything" are a pipe dream.

[WrestlingRasta]

8 hours ago, headshuck said:

Bezos? No. But I sure regret not buying stock.

Never got into the stock game. Just not my cup of tea I guess. 

[headshuck]

X?
Xwitter will never, ever be the "everything" app. Not an ice cube's chance in hell.
The idea of Xwitter taking over online commerce is like the idea that Ford will take over all auto companies. The competition won't allow it to happen.
Tech companies made boatloads of money because they initially existed in a space with no competition. As soon as competition arrived, their rocketing success was immediately tampered.
Twitter had (1) "tech" feature that their competitors couldn't match. Did that make it worth $44 billion? Meh.
Xwitter will have all it can do to keep ahead of the competition. Any plans of being "everything" are a pipe dream.

Spoiler alert. You can’t buy everything on Amazon. Amazon is worth over 1.5 Trillion dollars. Let that sink in.