Thoughts on social media sites? UPDATE: Apple, IBM, Disney, etc. stopped advertising on Twitter - Musk suing
- Thread starter Kagavi
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And depending on how narrowly you define “return on investment” you can get some ridiculous outcomes.
After Musk’s takeover, Twitter had mass layoffs including engineers and the media relations team. In early May, Twitter had an issue where typing in “cat” or “dog” would auto file to include animal cruelty videos. Some people were reporting these videos appeared their “for you” feed.
Analysts said that safeguards preventing that from happening have a lot of redundancy, but unless Twitter intentionally turned them off, it was either unintentional or Twitter just broke. When you contact twitter for comment, you get an auto response with a poop emoji.
Those engineers or media relations personal might not seem to have a return on investment. But if I’m an advertiser, why I am going to want to advertise on a service that shows animal cruelty videos and when asked about it, responds with a poop emoji? That is not a well run company.
But It is what I said.
The only money he has made comes from government subsidies and no bid single source government contracts. Twitter is a prime example of what happens when he moves away from his government safety net.
Hyperloop? (that was ultimately a scam to try to prevent growth of normal mass transit so that he could make more money on cars?)
The Boring company (same story)
Full self driving vaporware?
There's more evidence when there's been success at places like SpaceX and Tesla its been in spite of elon, not because of elon.
As someone who's coolness peaked in the 90s I 100% approve this message.
I’m not sure you really want to go with the “if you can read” idea when his comment goes to what DarkStar was saying, implying that you might not be able to read.
Finally. Well said. That said, I'm sure you can see how the Hyperloop and Boring companies augment his vision of Tesla. I'm not sure they're dead yet, but definitely are not what the marketing had implied. The last sentence might be a tad subjective on your side. But, let's just agree to disagree on that one.
He did massively overpay, which is why he tried to get out of the deal.
I don’t love Elon or hate him, like anybody in business he’s made some good calls and some bad calls. Do I think he’s somebody worth emulating, especially in his personal life? Absolutely not.
I don't get this line of thinking. Twitter was never a failing business. They didn't sell it to Elon because it was failing and they needed an off-ramp. They sold it to him solely because he paid 1.5X what it was worth at the time and they'd be insane not to sell it at that price, on the order of many billions more than it was worth. It may have never reached that price on its own. Certainly not within a few more years or so.
This isn't the case of someone buying up a bad business and restoring it to success. Elon has crashed the value of what was previously a successful, well-operating business generating tons of revenue (and more importantly, tons of investment). He has also caused multiple service outages, tons of bad headlines, rolled back multiple half-baked change ideas, lost tons of advertisers (remember that 'revenue' part above?), ....
Electric car market was a huge vacuum from when oil companies and Detroit very intentionally killed it off in the 90s and literally scrapped them into cubes.
Enter $6-7 gas in the largest economy state in the US and foreign governments (not US) serious about emissions and whomever was there was going to explode in the EV market.
Gas is $6/gallon where I’m at this week, what a shocker people will look at a $1.20 alternative EVs and/or plug in hybrids.
Also, don’t forget that he took over the company right before it began to take off; when their factory opened up. A lot of other people did the hard work, he just came in and took the credit for their success.
I’ll give he and the company he bought credit that they took advantage of US/Japan auto industry’s incestuous relationship w big oil.
Toyota should have had a plug in hybrid of the Prius nearly two decades ago and a full EV Prius 10-15 years ago. Detroit handed them the opportunity and the whole industry begged to be disrupted as a slave to short term profits.
Stock price from 2010-2018 says otherwise. Capitalized on Covid. Biggest jump during Musk anticipation. So, you're not exactly correct when you say 'never', unless you think investors are financially inept. Tons of revenue and tons of investment do not make a successful company; especially in light of their expenses. Tons of investment 'suggests' a bright future because there's buyer's optimism, but it still weighs on the books and must see a return. So, though what you wrote has some good points, one should never say 'never'.
Should have named it xX_Twitter420_Xx. Way cooler.
Surprised he didn’t go with X4chan.com with how bigotry, racism, hatred, and fascism craziness has taken over since he fired the entire moderation team.
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