MIT reports Twitter lost over 1 million users since Elon Musk’s takeover
A loss of one million users comes as an uptick in hate speech is noticed across Twitter.
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florduh
Well-Known Member
MIT reports Twitter lost over 1 million users since Elon Musk’s takeover
A loss of one million users comes as an uptick in hate speech is noticed across Twitter.www.masslive.com
Those million people are out to lunch. I have a Twitter account. I don't think I've ever actually sent a Tweet. But I've been tuning into Twitter more in the past week than I have in the past year. I'm sorry, but this is amazing.
Musk also seemingly spends about 9 hours per day shitposting on Twitter while being the CEO of half a dozen companies. Seeing the propaganda about how hard executives "work" and how they deserve their outrageous compensation fall apart in real time is wonderful. Nice little early Christmas gift.
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Alex Jones now has to pay an additional $473 million: judge
A judge on Thursday ordered far right wing extremist, conspiracy theorist, falsehoods promoter for profit, and Infowars founder Alex Jones to pay an additional $473 million for his lies in a case involving the 2012 Sandy Hook Elementary School mass shooting in Newtown, Connecticut.The new $473...
www.rawstory.com
Alex Jones's Assets Are Frozen by Judge in Sandy Hook Case
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florduh
Well-Known Member
Aaaaaaand that's a wrap, folks. I think this'll do it.
I don't think you could've designed a better way to make Twitter absolutely cancerous to every corpo advertiser. If for some reason this doesn't work, we'll need to move on to the nuclear option: paying $8 for a fake Disney account and tweeting a few racial slurs.
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www.theverge.com
finance.yahoo.com
I did not think he'd run that website into the ground this fast. Figured it would take months.
I don't think you could've designed a better way to make Twitter absolutely cancerous to every corpo advertiser. If for some reason this doesn't work, we'll need to move on to the nuclear option: paying $8 for a fake Disney account and tweeting a few racial slurs.
Elon Musk is putting Twitter at risk of massive fines, warns employees
“Elon puts rockets into space, he’s not afraid of the FTC.”
Elon Musk reportedly said Twitter could file for bankruptcy next year
Elon Musk reportedly told Twitter employees that the company could face bankruptcy next year.
I did not think he'd run that website into the ground this fast. Figured it would take months.
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1973PortlandToker
Well-Known Member
COVID-19 reinfection could be more deadly than first case, regardless of vaccination status, study says
The COVID-19 reinfection could be more deadly than the first case regardless of vaccination status. Reinfected patients could have more than double the risk of death, a new study says.
Crypto exchange FTX files for bankruptcy amid $8 billion shortfall
CEO Sam Bankman-Fried also resigned from FTX, which was facing a financial crunch and a federal probe.
www.cbsnews.com
florduh
Well-Known Member
Nahhhhh, he's an idiot who has failed upwards his entire life. I do appreciate him totally annihilating the capitalist myth of meritocracy in a very public way though. Thanks for that.
I almost feel bad for the guy. He's a deeply sad man.
ooooof. That stings. Remember.... this Twitter+ bullshit was supposed to be $20/month. Stephen King said that
is fucking stupid, so now it's $8. That's how the biggest business genius on earth operates.
Not that his $8 checkmark scheme hasn't produced some gems (sort of like his daddy's slave-run emerald mine in apartheid South Africa).
Besides making the site cancer to advertisers (their only real source of income), Elon managed to reignite The 30 Years War.
It turns out Elon and Fuckerberg have been stealing headlines from another dumb oligarch.
Nailed It: Amazon Becomes the First Company Ever to Lose $1 Trillion in Stock Value
The top four most valuable U.S. companies reportedly lost a combined $4 trillion in market cap this year. Ouch.
gizmodo.com
here’s the thing to keep in mind: Twitter is loaded with debt from the acquisition and needs to pay roughly $1 billion a year on it. In 2021, Twitter made $5 billion in revenue and did not turn a profit. “This isn’t complicated,” says Mike Roberts, a professor at the Wharton Business School at the University of Pennsylvania. “He owes a bunch of money, and he’s gotta raise money somewhere, somehow. What I wonder is about the ability of Twitter to pay this debt.”
florduh
Well-Known Member
No company he's ever been a part of has survived without a massive influx of gubernment socialism money. That's why capitalism's Best Boy made it to the #1 spot.
Elon's gonna need a bailout, simple as. He can threaten to release DM's and other private info from politicians unless he gets an influx of public money. People forget, Ted Cruz "liked" porn on 9/11. Imagine what these freaks do in private on that hellsite.
Ted Cruz Twitter account 'likes' pornographic tweet
Married Texas senator, who once defended a ban on sex toys, asked to explain how his account came to like the graphic post
www.theguardian.com
Speaking of 9/11, I have another revenue idea for Musk. He's bankrolled by the Saudi's now. Simply sell the geolocation info for dissidents in Saudi Arabia to their government, I'm sure other authoritarian regimes would pay for that service as well.
This is amazing though:
Eli Lilly Dives On Twitter Chaos, Taking Novo, Sanofi With it
A fake, but verified, Twitter account impersonated Eli Lilly and claimed insulin is free.
www.investors.com
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Twitter blue check unavailable after impostor accounts erupt on platform
Before Elon Musk took over the badge was granted to celebrities and journalists verified by the platform to prevent impersonation
www.theguardian.com
For advertisers who have put their business in Twitter on hold, the fake accounts could be the last straw as Musk’s rocky run atop the platform – laying off half the workforce and triggering high-profile departures – raises questions about its survivability.
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florduh
Well-Known Member
Crypto exchange FTX files for bankruptcy amid $8 billion shortfall
CEO Sam Bankman-Fried also resigned from FTX, which was facing a financial crunch and a federal probe.
FTX is the company that made this Super Bowl Ad. It's even funnier now that the owners have run away with everyone's money.
What Makes the Muskrat guard his musk? Courage.
www.carscoops.com
Heavy Metal Drummer Takes Elon Musk To Court, Hopes To Strip Him $56 Billion In Tesla Compensation | Carscoops
The case will go to trial on Monday and will feature testimony from Elon Musk
www.carscoops.com
Elon Musk's takeover of Twitter has translated into huge user growth — for upstart social media platforms like Mastodon and Tumblr, according to new data
Elon Musk has claimed that Twitter's active users are at an all-time high. New data shows smaller rivals as seeing an explosion in downloads, too.
- Twitter installs have grown by 21% since Musk's takeover, while Mastodon's have grown by 657%, according to the data.
FTX has been hacked
"FTX has been hacked. FTX apps are malware. Delete them. Chat is open. Don't go on FTX site as it might download Trojans," wrote an account administrator in the FTX Support Telegram chat. The message was pinned by FTX General Counsel Ryne Miller.
This Should Help the Cruise Industry
Cruise Ship Docks in Sydney With 800 COVID Cases On Board
The cruise ship noticed guests falling ill halfway through the 12-day voyage.
www.thedailybeast.com
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'FTX Has Been Hacked': Crypto Disaster Worsens as Exchange Sees Mysterious Outflows Exceeding $600M
FTX officials appeared to confirm rumors of a hack on Telegram, instructing users to delete FTX apps and avoid its website.
Elon Musk culls Twitter contractors after mass employee layoffs
Many workers received no official notification from the company.
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FTX collapse being scrutinized by Bahamas authorities
FTX filed for bankruptcy after traders rushed to withdraw $6 billion over 72 hours.
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1973PortlandToker
Well-Known Member
No surprise here.
news.un.org
Climate change: No ‘credible pathway’ to 1.5C limit, UNEP warns
National pledges to reduce harmful emissions offer little hope of avoiding climate disaster, UN climate experts said on Thursday, in an urgent appeal for a radical transformation of the energy sector, before it’s too late.
FTX Hack or Inside Job? Blockchain Experts Examine Clues and a ‘Stupid Mistake’
Insolvent crypto exchange FTX suffered a $400 million exploit late Friday after filing for bankruptcy protection.
florduh
Well-Known Member
FTX Hack or Inside Job? Blockchain Experts Examine Clues and a ‘Stupid Mistake’
Insolvent crypto exchange FTX suffered a $400 million exploit late Friday after filing for bankruptcy protection.www.coindesk.com
I mean they can call it a "stupid mistake" till their blue in the face, but it doesn't look good when FTX's CEO described their exact business model as a Ponzi scheme in April.
Sam Bankman-Fried reveals how DeFi works like Ponzi scheme
As the CFTC deliberates whether or not to allow FTX to algorithmically settle margin trades, Sam Bankman-Fried, revealed how DeFi works similar to a Ponzi scheme in an episode of the Odd Lots podcast.
coingeek.com
I think it's easy to write this off as simple crypto bro fuckery. But a lot of "smart money" backed these scam artists, including the most reputable venture capital firm in Silicon Valley.
Pretty terrifying that The Suits...the smartest guys in the room, keep getting taken in by these scams.
Speaking of which, the hatchetman they brought in to slice up Enron is gonna do the same thing for FTX.
From Enron to FTX: Wall Street Turnaround Titan John Jay Ray III Takes Reins from FTX CEO Sam Bankman-Fried
Sam Bankman-Fried handed over control of his company to the veteran Wall Street bankruptcy lawyer, who will guide the company’s Chapter 11 process.
Just an incredible week for Capitalism. A true meritocracy, where we're all ruled by the greatest among us. Perfect. No notes.
darbarikanada
Well-Known Member
@florduh if you're not already aware of it, you might want to get Matt Levine's newsletter 'Money Stuff' (https://newsletterhunt.com/newsletters/money-stuff-by-matt-levine); he's had a lot of excellent analysis of Musk and Bankman-Fried.
florduh
Well-Known Member
I haven't! Thanks! I love learning about these scams. WeWork, Theranos, general crypto bullshit. I'm like a pig in shit.
It's old now, but "The Smartest Guys In The Room" documentary is on Hulu. The Enron thing sort of got memory-holed since the whole thing fell apart in 2001. A...certain aviation incident overshadowed what otherwise would've been the biggest story of the early 2000's. Especially since W was up to his knees in it.
Edit: This is sort of amazing too.
In the middle of these losers crying because they sold their audience on the FTX scam, an ad plays for another crypto scheme. One of the dudes said "look we don't know who is gonna fall next, but we already signed these advertising contracts so...."
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darbarikanada
Well-Known Member
Levine's primer on crypto: https://www.bloomberg.com/features/...etter&utm_term=221025&utm_campaign=moneystuff kind of long, but his writing's entertaining, clear, not jargon-y.
he almost never misses a chance to refer to Musk as 'annoying'.
Interesting read on the "Big Bang" theory
www.newyorker.com
The Day the Dinosaurs Died
A young paleontologist may have discovered a record of the most significant event in the history of life on Earth.
florduh
Well-Known Member
Is the world's richest person the world's worst boss? What it's like working for Elon Musk
Elon Musk's track record as a boss is an endless scroll of impulse firings, retribution, tone-deafness on race — and the impregnation of a subordinate.
SpaceX just bought a big ad campaign on Twitter for Starlink
Elon Musk's aerospace business SpaceX just ordered one of the larger advertising packages available from Twitter.
www.cnbc.com
SpaceX relies on government contracts for its survival. So if you're a US taxpayer, congrats. You are now paying for the richest guy on earth being a terrible businessman.
Elon Musk says Twitter is losing $4 million a day: How many $8 subscribers would it need to break even?
Elon Musk wants Twitter to turn a profit, but his plan to charge users $7.99 per month for a blue checkmark has already seen a lot of public backlash.
www.cnbc.com
This Twitter+ bullshit has anywhere between 60,000 and 200,000 rube subscribers. Musk needs like 12 million subscribers...just to service the debt. He needs at least 15 million to break even. Never gonna happen, and even if it did... the Blue Check would be rendered worthless. Before the Musk regime I believe there were around 200,000 blue checks.
I see the "Free Speech Fundamentalism" is going well too:
