It’s not just lemmy that’s benefiting from Elon Musk.
I’m sure there were a huge swath of people who used Twitter and didn’t care at all about Musk one way or the other.
Then he rebranded and threw his ego and control in everyone’s face. And all the people who like Twitter IN SPITE of Elon were now forced to acknowledge that their Twitter is gone.
Just like over at reddit now, the latest move has alienated the people who really cared about the platform itself. If they rebranded to “Spez’s World”, though, a lot of the people who didn’t give a shit before would suddenly be ready to bail.
Lmao “Spez’s world” will be so funny though
He has so thoroughly ruined Twitter that you can’t help but wonder if that was his goal from the outset.
Narcissists like him would never seek failure intentionally.
You’ve obviously never played a board game with a narcissist. Flipping over the table and calling everyone, including the game they themselves purchased, cheaters is a totally expected move.
They’re not doing that to lose. They’re doing that because they already lost.
I GUESS YOU’RE RIGHT, LIKE YOU ALWAYS HAVE TO BE!
- Knocks phone over -
Fucking cheaters
Musk ‘lost’ when he had to spend the $44 billion. I can totally believe that he’s burning Twitter out of spite from having to buy it.
You’re not wrong but he bought it at an extremely overpriced amount so he did already kind of lose.
That is quite fitting
It’s just like Michael from The Office. You see he isn’t doing things on purpose to sabotage everyone, but he can’t control it, he needs the attention and the self worship.
To what end, though? The man blew 44b on a site that apparently was only worth 5-10b, and that was before he ran it into the ground. He also destroyed his reputation and the mystique as “genius entrepreneur” which the world can now clearly see he never was.
I can’t think of a single net positive. I think it’s an age old tale with people with too much money: he fell victim to an over inflated ego and too many yes men aiming to please. He started to believe he really was brilliant.
Sad thing is the man has so much money he still can’t fail, personally. He’ll have destroyed Twitter and even more people will lose their jobs. And autocrats around the world will be pleased. Musk will just shrug, tell himself it wasn’t his fault, “it was the libs” or something, and move on.
Eta: the only winners here, as per usual, are the shareholders.
44b sounds like a lot of money (it is!), but his net worth right now is 219b after this fiasco. At this point it’s just a score between rich assholes who got the bigger number.
You could take 200b away from his evaluation and he could still retire on a yacht and not work a single day in the next 100 years. Same for his children and his children’s children.
So yeah, “bad” financial investment, but it might be worth for him to kill one of the biggest platforms where he was called out for his bullshit.
Thing is, now ALL the platforms are calling out his BS. I don’t think he would have sold his golden boy reputation for any price, given the choice
Totally valid point.
Chop one head off…
To be fair, Elon doesn’t all have that money in cash. Also, like half of the Twitter buyout was made possible with a loan where he used his a Tesla stocks for like half of the operations as collateral.
Although I agree that he’s far from being broke, this can become a pretty bad financial decision to Elon.
That 44b had to be paid in real cash, not just the current theoretical value of the sum of his shares. He sold quite a lot of Tesla shares afaik to banks to give them a “small loan”.
Lol, “real cash”, look it up what he actually did. He took a loan in the name of Twitter, so he didn’t even use his own money. Pretty much financing half of the deal with the theoretical value of the company he just bought. And he took in extra money from Saudi investors, it’s not all his money.
There was never a 44b “real cash” transaction.
IMO Mush was trying to run a simple pump and dump scheme with Twitter stock. You know, make some statements about ho he’s going to buy it at a massively inflated price, sell all the stock during the uptick and then suddenly find some issue with the sale and leave. However, during the “make some statements” phase he managed to make some legally binding statements and Twitter and their lawyers held him to them.
So there’s no agenda or plan really, just a larger version of the Dogecoin pump and dumps that Mush has done in the past. It’s just this time rather than some crypto rubes he tried running it on a company with lots of lawyers and it blew up in his face.
Agreed, very plausible scenario. It played out that way as well, right up to the part where his lawyers told him “you legally can’t actually walk away from this deal”.
To reduce the ability of the 99% to interact with each other on a basis that results in change of the 1% methodology.
The people running this nation and the rest of the world absolutely do not want us getting together and figuring out how to make change effectively. I’m pretty sure it’s why they keep ruining all of the social networks, we can’t unite if there’s not a platform for us to do so on…
Elon jet tracker has way less of a following now.
True, but it popped up on other platforms, effectively defederating. And you probably jest, but if not: 44b is a lot more than the 5k he initially offered the guy to take it down.
Never attribute to malice that which is adequately explained by stupidity.
Actually the number of Twitter users increased
Removed by mod
Is this migration already called xit? Because it should…
Xodus
tweXit
tweXit does have a nice ring to it. Made me laugh 😂
Xitting the Xitter (shit-ter)
It’s not the rebrand that’s killing Twitter. Elon is. He’s proving to himself that he cannot, in fact, run Twitter better than the prior owners.
I wonder if previous twitter execs are feeling a bit bad to have sold him twitter to see it destroyed like that.
I mean it certainly proves Elon is an idiot as he used fraud to manipulate the price and got played instead.
But was it worth it to let him destroy Twitter just because he tried to defraud it?
They got $44 billion, double what sane people thought the company was worth. It would be irresponsible not to take Elon for a ride.
Responsible financially, as agents of the corporation, sure. And I understand why they did it. Morally though (and I would argue civilly) it was wildly irresponsible. Thousands of people lost their jobs, hundreds of people are now forced to work at Elons insane business under threat of deportation if their visa is invalidated, and hundreds of millions lost a trusted, dependable direct link to governments, public figures, and other notable people. The world is a worse place for having let this deal happen. What is responsible financially is often irresponsible in pretty much every other way, and I wish this perspective was represented more.
As a shareholder in a number of other large corporations, I would actively like for buy-outs like this one to fail, even if it would make me a quick buck now, even if that quick buck is a lot. I much prefer stability to major erratic changes, even when they benefit me.
hundreds of millions lost a trusted, dependable direct link to governments, public figures, and other notable people.
It should not have been trusted and pervasive to such an extent. If anything, better to cut the dependency now than later.
That’s a fair argument, and to an extent I agree. That said, I don’t think firebombing something hundreds of millions depend on is not the ideal solution, and it could have been handled differently, like by adding contingencies, for example. Or working in some form of transition period.
In an ideal world, yes. But face it, you, I, and my aunt’s puppy knows that’d never happen. Get every govt agency in the world to cooperate? Yeah right. This might have been one of the best ways we could realistically have ended it.
I disagree. Nationalizing Twitter is definitely idealistic thinking, but adding some small contingencies to the deal definitely is not, and is actually pretty standard in large mergers, to maintain stability.
An easy counterpoint to what you just said: mahney. Nobody cares about doing the responsible thing when billions are on the line. Also, a lot of people say they wouldn’t do something for a billion dollars which just boils down to “you didn’t get a chance like that and you never will”. Hypotheticals are easy till it actually happens to you.
I have morals that I will not violate. Money does not matter to me beyond enough to comfortably live on my own (and I have reached that point already). I give the rest away to people in need, because that’s how my moral system works. You’re welcome to think whatever you want about hypotheticals, but in this case it doesn’t matter if they sold or not. The people making this deal would have been obscenely rich either way. At a certain point, money is nothing more than bragging about a big number, your life doesn’t get materially different. If your moral system allows for that kind of action, good for you I suppose, but I can assure you its far from a universal perspective.
Also illegal, since Twitter was a public company- they can’t discriminate on bona fide offers or they risk being sued.
I wonder how long twitter would able to run at a loss if elon didn’t take it over as a slapstick joke went wrong.
Yeah. I left with the bluetlicker shitstain bump up in every reply. The dumbest people to ever buy a device and learn English that somehow didn’t choke on rocks as a kid…
Just had enough and had to leave
Here are tips for everyone to enjoy Mastodon (thoroughly explained in the sourced article at the bottom):
- Boost posts you like
- Look at user profiles on their original home server
- Search for content on other instances
- Enable the advanced web interface for Mastodon
- Use groups
- Be your own aggregator with RSS
Source: https://www.infoworld.com/article/3701292/6-ways-to-find-better-content-on-mastodon.html
Use groups
Hold on, what?
Groups boost posts from all users that mention them. https://a.gup.pe/ is one implementation of groups with mastodon (and other federated microblogging platforms) in mind, but lemmy communities actually work the same way when followed from mastodon. I believe other fediverse platforms implement groups in similar ways under the hood. This means that everything is more or less interoperable between platforms.
EDIT: Try it yourself! Follow technology@lemmy.world from Mastodon to see what I mean. Although I don’t know that I would stay a follower of a community that large unless I wanted significant impacts on my feed. A smaller, potentially more useful, addition to your feed are things like gardening communities.
Cool, but the article is from July 24th
Twitter under Elon looks similar to the UK under Brexit.
So smooth sailing right? Right??
Just deleted my Twitter account. Of course, the app gave nothing but errors so I had to do it on desktop, but it’s done!
So now you have an ex-Twitter account. Or an X account for short.
Maybe Elon was truly 200 IQ with his naming
I deleted all of mine and move to mastodon when I heard Elon was possibly going to buy it. I’m glad I did, because who knows what he has all implemented since then.
I am sure my account was never “deleted”, even under Jack, but at least I know I gave the best chance for my data to be deleted.
I wanted to use mastodon, but I haven’t even used twitter in years, so then I realized I just don’t social media that way anymore (or much at all for that matter).
I was finally super duper permabanned from Reddit, and decided to give up. No more workarounds, new accounts, new emails, spoofing MAC addresses, multihop VPNs… And I’ve got to say, I have gotten more done in the past few weeks than in the last year combined.
I never used Twitter save for occasionally hearing about tweets, but I have been enjoying using Mastodon because in practice it’s basically just a way for me to have a feed of cool astronomy pictures.
I found cool astronomy pictures on Reddit, and some now on lemmy! Cheers for random cool pictures of space.
It’s not just lemmy that’s benefiting from Elon Musk.
Whether its lemmy or mastodon, or kbin that grows, we’re all benefiting. That’s the beauty of federation.
The more i see and recognize the use of the term “Federation”, the more my inner geek hopes this is how IRL Star Trek starts.
“The federation started as a group of loosely associated social media and information hubs where people would share ideas, porn and memes. The ideals and social structure would eventually spread to a much larger and more dynamic series of instances that built up to and even greater federation of the human online colonies. As it grew, first contact was made and the inter galactic trade federation was established to trade porn and memes, would eventually go onto to much more larger, important, totally not porn related causes. To explore strange new worlds, and seek out new…”
There is a whole star trek instance conveniently enough: startrek.website
I can’t wait to charge aliens 5.99 intergalactic glonches to see my butthole every month.
There were stories that Tesla had a team in place to distract Elon any time he showed up to the office, and I absolutely believe that. Now that Elon has Twitter to distract him, I wonder what that team is up to.
Musk trashed Twitter with intent, by design, and on purpose. Elon Musk is worth 95 Billion more now than when he bought Twitter.
The continued forced cognitive dissonance is the grandest example of info_corpo_kabuki i’ve ever seen. It’s all just so fucking dumb.
Elon bought it to trash it so he could have access to Saudi markets for his electric cars and rocket ships. The face he’s a fascist fucking cunt who gets to stick it to liberals where they most liked to exchange news, information and organize online was just a bonus for him.
He didn’t want to buy Twitter. He lost a lawsuit that forced him to buy it. None of it goes that deep.
This. He’s on the hook for a relatively small percent of his personal wealth. He has a ton of government contracts, which equate to cash flow. To insulate that cash flow, he needs a loss. He can get that loss by destroying the value of Twitter, which he also artificially inflated by making an insane offer in the first place.
The thing that folks don’t get is that money is different when you have none, some, and a ton. When you have none, you are effectively living moment to moment - when youre out, you spend what you have on your immediate needs, and make it work the rest of the time.
When you have some, which is most of us, you may live paycheck to paycheck, but you can still plan two weeks at a time and may have some long term plans.
Elon musk and others in his bracket could literally burn 99% of their wealth and still have more money than almost anyone else. This level of rich is marked by planning years in advance, and having contingency plans to take advantage of set backs. For example, a market crash for most of us means we lose wealth and still probably never recover it. But for Elon musk, a market crash is just a fire sale on stock. He can sell at a loss for tax benefit, or he can buy up stuff at step discounts. The benefit of wealth is that ever situation can make you more money.
That Twitter had essentially become accepted as an official source of communication and Elon’s purchase of Twitter so near to the time that he was experimenting with his ability to perform market manipulation on his own companies using Twitter, those things combined made me assume a large part of his reason for purchasing Twitter was to see how far he could take market manipulation and if he could influence other companies. In my darkest version of this scenario, I think Elon was just testing how far his reach is.
Maybe the verified checkmark debacle really was created by incompetence and Twitter tried quickly to fix it, or maybe it was a nefarious way to undermine legitimacy and cause a multi-billion dollar blip on the stock market. Either way, I could easily imagine Musk telling politicians and CEOs after that, “look at what I was able to do just by moving a single finger. Now imagine what I could do to you if I really wanted to.”
I really like the razors, here Hanlon’s razor is relevant:
“Never attribute to malice that which is adequately explained by stupidity”
Well put. He’s been too busy sniffing his own farts. He’s out of touch with reality, as most ultra rich people are.
Little wonder what he is trying to turn Twitter into with X. He’s tried it several times with several other companies, all of which either failed or ejected him.
He’s even tried it with the “X” name more than once.
He is impulsively trying to manifest this idea of something into existence despite the fact that it repeatedly fails. Because the idea just isn’t good.
He wants to make the western equivalent of WeChat, when a good amount of the functionality is already hadled by Whatsapp in Europe and non-Sino Asia, and Americans are pretty resistant to the idea domestically. He failed the moment he politicized it. Hell, he failed before he even bought it because Twitter has always been a narcissistic den of toxicity–Tumblr, all grown up. There’s a reason that Jack created a Twitter clone under a different company with different everything while CEO of Twitter. It was a sinking ship, and Elon was in the wrong place at the wrong time because he thinks he really is something special.
Oh, the conspiracy side of the story is just to sound saucy. I don’t think these were calculated moves, but I still wouldn’t be surprised if he tried to profit from his incompetence by labeling it as a flex to those he wants to control. Like, a dumbass who accidentally shoots their own foot and then shouts, “yeah bitch! And that’s MY foot! You think I won’t cap you too?!”
This assumes all other things are equal.
Elon musk and Donald Trump and others are not stupid. They may act stupid. Their brains may be psychologically damaged by the distance their money allows them to put between themselves, others, and the consequences of their actions.
But they are not stupid. If they were stupid, their stupidity would sometimes bite them in the ass in a way that actually has consequences for them. Since that does not happen, we can be relatively certain that their actions are going according to plan…their plan? Maybe. Or their accountant’s plan. But until a mistake costs them actual money that they cannot recoup through tax shenanigans, I find it hard to accept that they aren’t just evil.
I am so annoyed that Twitter got ruined.
Don’t get me wrong. I don’t like Twitter. I don’t follow anyone on Twitter. But if I had no other recourse I could complain about a corporation that wasn’t paying any attention to me and they would do something about it.
By the way fuck FedEX. Is there a place on mastadon I can bitch about FedEx? I have had a mis-delivered package sitting on my porch for over a month. I call about every three or four days and tell them, pick up your package so it can go to the right place. They say they will get it. They never do.
Never use FedEx.
Is there a place on mastadon I can bitch about FedEx?
#fuckfedex #fedex
Fuck FedEx. Whenever a signature is required, they won’t let me have the package held for pickup anywhere, so I get door tags… even if I’m sitting on the couch watching TV. Called them and they said they don’t require the drivers to knock or ring. I only figured out after a ton of aggravation that if you get three door tags, they will hold the package for pickup for a few days anyway (even though they say they can’t due to “shipper restrictions”).
Good, isn’t this what people want? Twitter to shut down? I’ve been hoping he just closes up shop and gets rid of it.
His ego is too big.
