Just stop permanently.
Stop X permanently. The lawsuits are massing up, and the value of the business has nearly dropped such that the $13bn debt is bigger than it. They had little hope of paying even the interest before Musk started intentionally tanking their revenue. He knows that the business will never have to pay up, hell they’re not even paying rent on their offices, and he’ll get away with the crime Scott free because it’s a limited liability company.
And make no mistake, that was the plan all along. Destroy a private business cum public forum that served the public good, and on the way out see what controversial actions they can get away with. That way any site that comes to fill the void can do the same. His old mate Peter Thiel will likely be pleased, along with a bunch of other unscrupulous people.
Destroy a private business cum public forum that served the public
It’s amazing to me how much people have rewritten history since musk took over. Twitter was always shit. It’s worse now, yeah. A lot worse. But it’s like taking a shit on a smaller pile of shit. All this talk about how it was a real boon for humanity and so important it should be regulated as a utility is equal parts idiotic and hilarious.
It’s shit, but it had significant uses. Namely, getting breaking news from trusted journalists, and speaking directly to businesses for consumer support when other methods typically went unanswered.
That’s not to mention the Arab Spring. Sure, significant change that people had hoped for didn’t follow through, but it still spooked them enough that one of the incumbent leaders helped buy the website to undermine it.
Also, when you compare it to Facebook it certainly was better. Even reddit was better, then followed it down the drain.
I 100% agree it was shit. Sometimes though, that shit fertilized real growth.
That said, lesson shouldn’t be, “we need twitter.” It should be, let’s populate similar platforms so we can have this resource in the future.
It was both good and bad, period.
served the public good
Yeah, nah. For a start, if one website could be singled out for bringing Trump into power, it wasn’t any of those icky extremist places such as 4chan, 8chan, r/trump - it was Twitter where he posted his garbage for literal years with no interruption and thus gained a massive following. The site practically lived off his controversial diarrhea.
You could say the same about reddit in a large part. 4chan was a free home, Twitter was a megaphone, but reddit really encouraged the infestation to gestate.
Also it wasn’t r/trump, but r/the_Donald, as well as all the spin off astroturfed subs.
I don’t disagree this is a possibility, but I have yet to hear someone clearly articulate why poopoobrain over there would do something so dumb intentionally.
I find it so much more compelling that he’s just a divorce-brained middle-aged dumbass with a megaphone and billions to dig his own grave. That he was forced to buy Twitter after waving his dick around in public and has been trying to save his reputation ever since by pretending that it’s all a part of his plan to amplify the right voices to ‘save humanity’.
I’m not saying he isn’t brain-broken enough to believe it himself, but I don’t think he ever really had a plan. I think he’s a sad, lonely billionaire going through the worlds biggest mid-life crisis.
but I have yet to hear someone clearly articulate why poopoobrain over there would do something so dumb intentionally.
Because it distracts from the fact that leveraged buyouts are almost always meant to kill the business in the long run, and such distraction reduces the chance of regulation against the practice. People don’t think Twitter is failing because it had $13bn of debt it could never afford, they think it’s failing because Musk is a poor businessman. That isn’t to say Musk is a great businessman acting like a fool, rather, he is a clown acting like a fool.
I think if Musk had made a genuine effort to buy Twitter there wouldn’t have been so much debt saddled onto the business. Musk was forced to make the purchase, but the nature of the purchase has subsequently been tailored into sinking the ship. One of the first things they did was stop paying rent - if this wasn’t a sign of a business doomed to failure I don’t know what is. The business will die a death, and everyone it owes money to will be left fighting over the ashes.
Ok, so you’re not saying he actually originally wanted to buy it in order to tank it, you’re saying once he was forced to buy it the most expedient thing to do was to bankrupt it.
Being pushed into buying it because of his loud mouth is still a MASSIVE blunder, him choosing to steer it into an iceberg after being handed the keys is just him cutting his losses. It doesn’t explain why he would have wanted to destroy the company in the first place. If it was because the site was largely critical of him or platformed people counter to his personal worldview, then buying the company and running those voices out (like he did) would have sufficed and he wouldn’t also need to tank it. Likewise, if all he wanted was to platform voices friendly to him and his worldview, burning down the house around himself and his new friends is contradictory.
I think you’re giving him too much credit, I think he’s just an overconfident dumbass that got himself into trouble and is trying to erase his mistake without ruining his reputation as a genius.
It doesn’t explain why he would have wanted to destroy the company in the first place.
For that, you could turn to his old friend, Peter Thiel. Thiel tried and failed to start up businesses that competed directly against Twitter. Aside from Thiel, there are plenty of other people who likely resent Twitter - such as the Saudi prince who now owns a portion of it alongside Musk.
I think the goal is to bring Twitter down, then replace it with something else. Alternatively, they could turn Twitter into what they want it to be by further financing it and covering the debt, though that seems less and less likely as time goes on. However, by sending Twitter down the toilet they can experiment with the kind of things that future platforms might be able to do - anything Twitter gets reprimanded for will ultimately have no consequence if Twitter goes away, but anything Twitter gets away with can be fair game for new start ups.
I think you’re giving him too much credit, I think he’s just an overconfident dumbass that got himself into trouble and is trying to erase his mistake without ruining his reputation as a genius.
I agree he’s an overconfident dumbass and got himself into this position, and I’m sure he desperately values his reputation - the one aspect of all this that I’m enjoying is how badly his reputation is getting ruined. I still worry about more sinister things happening over the long run that may shape the future of social platforms for the worse, though.
website formerly known as twitter*
yeah but money
The problem I see that it is “pause”, not “quit”.
“Wait until it dies down, then go back to selling Macbooks to the Nazis.”
This
“Exclusive”, at least the forth version of this story I’ve seen today.
Why just pause
Waiting for the latest Nazi shit to blow over.
So they can start advertising on it again in two weeks when people aren’t paying as much attention again, duh. Just like when all those corporations stopped donating to insurrectionist Republicans, for about three seconds.
Why not remove the app from their app store?
He might sell X some time in the future.
That’s not why it’s only a pause.
Please tell more. Don’t let us hanging out.
He’s more likely to have to part it out in the bankruptcy hearing.
Forcing a company to take out a loan to buy itself should be illegal.
the surprising part is that they were still advertising on it until now
Are you going to be surprised again when Apple resumes after their “pause”?
Must not touch the Jews! Tim Apple hates that
Just a pause? Planning on hanging out with the #fascists a bit later maybe?
Between this & the Jon Stewart / China bullshit, I’m so glad I never gave Apple’s e-trash a second thought.
They’re gonna head down to the Winchester, have a pint, wait for this all to blow over
Fascists buy iPhones too, I guess.
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Musk being an utter waste of skin isn’t an exclusive.
When will any of these companies realize that they need to leave forever?
If Apple really wanted to send a message, they would suspend the Twitter App (I can’t bring myself to call it by the stupid CyberTruck name) from the App Store.
Maybe after another 11 months of this…
When consumers stop purchasing from them if they go back.
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Even if companies do something absolutely heinous, people will stay. That’s why consumer experience is so shit.
Somehow HP still exists as a company.
The worst thing is reading news with X in the middle of the sentences, it looks like a math problem.
To solve for X we must cancel it out.
What was the original tweet that he said he agreed with? I’d prefer to judge for myself.
Okay.
Jewish communties have been pushing the exact kind of dialectical hatred against whites that they claim to want people to stop using against them.
I’m deeply disinterested in giving the tiniest shit now about western Jewish populations coming to the disturbing realization that those hordes of minorities that support flooding their country don’t exactly like them too much.
You want truth said to your face, there it is.
I have no idea what he’s on about. Jews have been pushing “dialectical hatred”? Does he even know what “dialectic” means?
I was about to defend the usage of the word dialectical here but then remembered nazis can get fucked
Maybe, but their followers definitely don’t.
I dunno…spoken and written word maybe?
apple and musk can both go fuck themselves
Not google tho, rite?
It wasn’t an exhaustive list.
About bloody time.
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I don’t see any of the hardware news and reviews you’ve posted. Did the mods delete them, or am I just experiencing one of Lemmy’s glitches?
I’m here to consume mate.
So this should just be a conveyor belt of promotion for the tech industry?
Should be more than what it is now. Boring as shit!
