User growth is ‘stagnant’ on the platform formerly known as Twitter.
  • Phoenixz@lemmy.caEnglish
    16·
    2 days ago

    No you’re not

    Twitter broke barely even

    You paid twice it’s worth and then within 2 years got it to only 20% of its value, pushing away all power users and advertisers.

    You’re bleeding money like there is no tomorrow and you’ll still be bankrupt or jailed soon enough. If not during Trump’s presidency, then most certainly after it

  • TehWorld@lemmy.worldEnglish
    42·
    2 days ago

    Bullshit. No way does Twitter make anywhere near a profit, and that’s NOT taking into account the payments on 44Bn.

  • DaddleDew@lemmy.worldEnglish
    3201·
    3 days ago
    • Claims in an interview that he is qualified to handle a social media company on the internet because he has “put internet in space”
    • Buys a financially struggling company for way too much money
    • Dismantles everything that made it attractive
    • Insults and fires the most competent employees who are trying to stop him from destroying the platform
    • Doesn’t pay the employees he fired owed severance, further discouraging the best of the workforce from ever applying to work there
    • Turned it into something so repulsive and toxic that the users and advertisers start to leave
    • Told the advertisers to “go fuck themselves”
    • Tried to sue the advertisers into returning, further discouraging any new advertiser from ever doing business with him
    • Destroys the brand recognition by renaming it to a letter of the alphabet he personally likes but nobody else gives a crap about
    • Abuses his admin powers to steal a handle with the name he wanted from its owner, further eroding the user’s trust in him handling the platform
    • Continues ruining the platform, turning it into his personal soap box to push his (toxic) ideas and abuses his powers to reduce the visibility of those he doesn’t like while claiming to be radically pro-free speech.
    • Alternative platforms have gained momentum and have reached critical mass and will soon become the new default platform people will flock to. High profile users leave.
    • Whines and bitches about the company not making any money.

    Hey guys, I’m starting to think that this guy’s fortune has absolutely nothing to do with his skills at running a business

    • VindictiveJudge@lemmy.worldEnglish
      961·
      3 days ago

      Destroys the brand recognition by renaming it to a letter of the alphabet he personally likes but nobody else gives a crap about

      I’m beginning to suspect he only likes that letter because it’s the middle part of a swastika.

    • NeoNachtwaechter@lemmy.worldEnglish
      48·
      2 days ago

      Hey guys, I’m starting to think that this guy’s fortune has absolutely nothing to do with his skills at running a business

      Great summary btw. and you are absolutely right here. He is a terrible manager.

      Remember the time when he slept at the Tesla factory just because he didn’t trust anybody and thought he himself must rescue it all by working so much overtime and make all the decisions.

      • btaf45@lemmy.worldEnglish
        8·
        2 days ago

        He is a terrible manager.

        I still can’t get over how Musk told computer programmers to print out hardcopies of all their source changes, and then fly to Musk’s city to show him the hardcopy. That alone proves Musk is the dumbest CEO of all time.

    • Phoenixz@lemmy.caEnglish
      5·
      2 days ago

      You forgot the part where couchefucker Vance threatened Europe to pull out of NATO if Europe wouldn’t stop suing and leaving twatter

      That paragraph above would normally be so bizarre that it wouldn’t even make it to TV for being too… Out there… But this is the timeline we’re in now, this is the new normal

    • ThePowerOfGeek@lemmy.worldEnglish
      22·
      3 days ago

      Did you include the whole ‘verified’ tag fiasco in your list? I didn’t see it explicitly in there, but maybe it falls under a general functionality fuck-up point.

    • TheFriar@lemm.eeEnglish
      15·
      3 days ago

      What was the username he stole? Don’t remember that one

      Also, don’t forget the disastrous rollout of the blue checks when a few people imitated companies and said Lockheed wouldn’t be doing business with Israel and a few others. But I guess that was the best thing he did, honestly, because that shit was hilarious.

  • Honytawk@lemmy.zipEnglish
    43·
    2 days ago

    After Twitter already not being profitable. Add all the loss of marketing from businesses and users leaving, then the cost of all the bots and lawsuits.

    How come it is “barely breaking even”? Who is paying them? Fascists?

    • TheFriar@lemm.eeEnglish
      141·
      3 days ago

      Do we need a catchy “go Nazi get…____” catchphrase? It was such a g when the right wing did it! They do love a good catchphrase. Easier to remember.

      • Meron35@lemmy.worldEnglish
        13·
        2 days ago

        Go nazi declare bankruptcy

        Redpilled? Get killed

        Go fash lose cash

        Lick boot, lose loot

        Go right eat shite

        All incel, no braincells

        Nazi salute, go destitute

        ADL? Common L

        Ku Klux? Lose bucks

        Go apartheid, all downside

        • TheFriar@lemm.eeEnglish
          4·
          2 days ago

          A lot of people have pitched ideas, and this one is my favorite.

          Doesn’t rhyme and gets right to the point. This has my vote. Mocks the entire idea of having a cutesy catchphrase. But is a catchphrase in itself. And one that isn’t even catchy. Love it.

          • Tavi@lemmy.blahaj.zoneEnglish
            4·
            2 days ago

            I’m gonna be that guy and say most of this misses the mark. The point of stupid catchphrases is to make it extremely obvious why something is wrong in a manner that is personally relatable to the audience, nuance be damned. Not only does this not do that, it implicitly agrees with the original premise. Let’s look at common examples and retorts.

            “Black lives matter” -> “All lives matter”

            The initial phrase is short punchy and too the point, but the retorts is as well. Instead of trying to address the issue, it reframes the original to give it a meaning that it doesn’t have. (Black lives matter too)->(Only black lives matter). An effective* retort, but not a cache phrase of its own, lest the person be caught looking “liberal”.

            “Global warming” -> “Look, a snowball/Why is it so cold?”

            This retort does the same thing by instead taking the words literal meaning and misinterpreting it deliberately, rather than engaging with the vast body of science that backs it up (our actions as humans have caused a consistent rise in global temperature averages which has caused ecological disasters and a financial apocalypse). The retort moves the perspective away from the original wide view point, and directs your personal attention to the “snowball/cold” (it’s cold, therefore it is not warm) despite being incredibly stupid, this comes off as smug to their team, so they are going to repeat it. Excellent thought termination.

            “Eat bugs” -> “Shrimp is bugs”

            Congratulations to all of you that remember the original lemmy raids and psyop posting, so I’ll go through this one for fun. This one stems from a right wing conspiracy theory claiming that due to impending food shortages all regular food will be given to rich elites and we will all be forced to eat bugs. Uhhhhh??? (Food anxiety, antisemitism?, “economic anxiety”/suffering under capitalism, invocation of gross) Shrimp is bugs succinctly acts as a retort because it reframes the issue. Bugs ain’t cheap (you won’t be forced to eat lobster???) Shrimp aren’t gross/unfamiliar (Don’t tell me you’ve never had seafood). Destroying a global cabal in under three words might take some workshopping. (half point for smug because it is stating the obvious)

            “Couch-fucker/Weird” -> no retorts yet …

            10/10 no notes lmao. Being verifiably false and still accurate gives you the smugness point off of the bat. “Weird” invokes the gross which reduces support for people that wear spray tan makeup. Couch fucker is both distinct and specific enough to to be remembered, succinct in criticizing Vance’s lack of charisma and hot-topic-esqe makeup, and cannot be easily misinterpreted without ceding the entire argument.

            “Go woke go broke” -> Go Nazi get shot?

            A retort should be:

            1. Be smug/obvious about it. (x)
            2. Make the people saying it seem gross/weird/weak. (x)
            3. Explain/refute/sidestep the issue. (x)
            4. Under 4 words/Writable with emoji. (✓)

            I’m much more fond of “Follow your leader” although that’s a general insult for people that are going mask off.

            Much more fond of something that is inherently dismissive of the point like “go sleepy, baby”. Always mock the fascist.

    • rational_lib@lemmy.worldEnglish
      34·
      2 days ago

      I think he’s sugar-coating it because their bonds are about to go up for sale. From the article:

      While equity investors have reportedly slashed the value of their stakes by as much as 78 percent, the Journal reports, “banks hope to sell senior debt at 90-95 cents on the dollar, while retaining more-junior holdings.”

      If they were breaking even, the bonds wouldn’t be getting sold at a loss. Keep in mind, the bond holders get paid before the stock holding investors, so if they’re taking a loss, the equity investors are getting nothing (hence the 78 percent cut, basically their share is only worth the odds of a miraculous turnaround). That doesn’t happen with a company unless it’s losing money.

    • FarceOfWill@infosec.pubEnglish
      13·
      2 days ago

      At absolute best it’s breaking even before debt service.

      Maybe he’s still not just paying rent on some buildings and miraculously hasn’t been kicked out yet

  • Blackmist@feddit.ukEnglish
    36·
    2 days ago

    Aw geez, what a shame. As if Neo-Goebbels is going to shut his propaganda arm over something as trivial as money.

  • Obinice@lemmy.worldEnglish
    18·
    2 days ago

    At this point if you’re still working there knowingly building a powerful fascist gathering platform after so much time available to leave, taking dirty Nazi money as payment for your services…

    I dunno man… should I feel bad for the staff, or are the remaining staff complicit enough at this point?

    • _stranger_@lemmy.worldEnglish
      8·
      2 days ago

      Feel bad for the poor bastards stuck there on visas. Feel less bad about anyone looking around that can’t quit but can’t find another job. Would you hire someone who’s still working at Twitter? I probably wouldn’t even pull that resume for an interview.

    • njordomir@lemmy.worldEnglish
      7·
      2 days ago

      Do they have employees on H1B? If so, that may be why they haven’t jumped ship for less-Nazified pastures. Not excusing anyone, just striving to understand.

    • wholookshere@lemmy.blahaj.zoneEnglish
      4·
      2 days ago

      Let’s not blame fellow workers for doing what they need to survive. Big tech companies are exploitive by nature, espcially H1B visas are basically indebted servitude at this point.

      This is about class, not left vs right.