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Twitter likely to take idiots offer to buy them for $43 billion
- Thread starter Jimmy Higgins
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TV and credit cards
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So $13 billion dollars of debt on a company valued at $8 billion. Yaccarino is due to meet with the bankers to lay out her plan. I wonder if it involves a sock and *duct tape.
www.reuters.com
*Do not use duct tape on duct work. Use heat resistant foil tape.
Breakingviews - Elon Musk’s X is a black hole of value
X is still worth something, but not for the people running it. Boss Linda Yaccarino is set to present her plans for the social network formerly known as Twitter to bankers holding nearly $13 billion of its debt, the Financial Times reported. Looming over talks is the likelihood that X’s value is...
*Do not use duct tape on duct work. Use heat resistant foil tape.
Twitter user anecdote. After Musk landed I took my account private because having a presence on Twitter started being embarrassing, but I could still glean some value from it.
Then he enforced an annual fee for Tweetdeck, which was far more than the very little value I was getting out of it (soon to be no value because people are leaving). Later he suggested a straight fee just to use the site, which finally gave me the impetus to just delete my account and move on.
Most of my friends on the platform, very sophisticated, long-time Twitter users, have moved on.
If Musk was genuinely trying to steer Twitter in a positive direction, and not just destroy it, he clearly knows absolutely nothing about IT. The only thing that makes sense in my head is that he's destroying it on purpose.
Then he enforced an annual fee for Tweetdeck, which was far more than the very little value I was getting out of it (soon to be no value because people are leaving). Later he suggested a straight fee just to use the site, which finally gave me the impetus to just delete my account and move on.
Most of my friends on the platform, very sophisticated, long-time Twitter users, have moved on.
If Musk was genuinely trying to steer Twitter in a positive direction, and not just destroy it, he clearly knows absolutely nothing about IT. The only thing that makes sense in my head is that he's destroying it on purpose.
Cheerful Charlie
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He is one of the most dangerous of all people, a smart idiot.
TomC
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Just wait until Trump gets "reelected".
Then Musk will get all the corporate welfare that a solid supporter of the regime needs and deserves.
Tom
Then Musk will get all the corporate welfare that a solid supporter of the regime needs and deserves.
Tom
Elixir
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$8b?
Hmmm. Missed it by thaaat much!
“According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion” - Forbes
Jimmy Higgins
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Banks love that shit! They get even less interested in meddling when the guy they loaned so much money has driven the company into the ground quite stupidly.
TomC
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Really, probably this.
Musk will be even less interested in free speech and truth and accredited sources when he can blame bankers for his decisions.
"I really wanted to! But a bunch of damned Jewish bankers said it wasn't profitable so I couldn't!"
Kinda like he claimed that the Turkish government ended free speech on Twitter.
Tom
hurtinbuckaroo
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I’m wasting less time there, so there’s that.
Don2 (Don1 Revised)
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Every time I read a news article and it quotes X tweets, it's "X, formerly known as Twitter." Surely, this is a positive change for ink (and electron) demand in their respective markets.
Elixir
Made in America
Right? He shoulda named it “Ecks”.
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X will begin charging new users $1 a year
X owner Elon Musk has long floated the idea of charging users $1 for the platform. Now, the team is moving the idea into production.
lol. Continuing to guarantee that the worst people will be posting the most there.
Jimmy Higgins
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Software genius!
I feel like the reporters should stop helping him transition. Jusy call it X, and if people domn’t get that, it’s his problem.
Why are they helping him with his problem that he created?
Don2 (Don1 Revised)
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Maybe they get paid by the word. They might even want him to change it again soon. So, then it'll be, "Elondia, formerly known as X, formerly known as Twitter."
Jimmy Higgins
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X, whatever the fuck that is, will charge new users $1 a year to use its service, whatever the fuck that is.
Politesse
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I'm still waiting for the news to break that his fetish for the letter X is related to some wacky religious cult he joined.
TV and credit cards
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In the ongoing, my company's valuation is too damn high saga; Apple exercises its right to stop advertising on Twitter after Musk's endorsement of an antisemitic comment.
TomC
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I heard IBM did that as well.
Boy, Musk is gonna raise his prices a lot.
Tom