𝕏 / Twitter / X, the Social Media Platform Formerly Known as Twitter / "MUSK OWNS TWITTER"

Skitzels said:
Twitter is in all free fall now, and it couldn’t have happened to a nicer platform
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I don't really buy that it's somehow instantly dying like this. ESG retards are trying to pull the plug too quickly without setting up a proper replacement at all - Twitter simply has too much integration into too many services to be replaced within a year or two.
Everyone's overemphasizing the 'verification' bullshit too. It was already just an in-club for people on the left who could network with Twitter employees, far too many of the people that got verification weren't even noteworthy and plenty of people weren't verified despite having the numbers to matter. The current shit show is just what happens when you try and tear the feeling of authority from all of these people.
 
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GenociderSyo said:
Twitter is also rapidly losing the top executives that survived Musk’s layoffs. The company’s chief information security officer, chief privacy officer and chief compliance officer all recently resigned, exposing the company to potential new FTC fines. And two other high-profile executives, head of trust and Safety Yoel Roth and head of ad sales Robin Wheeler, also resigned on Thursday, Bloomberg reported. The two had joined Musk in a town hall meant to reassure Twitter’s advertisers just one day before.
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YUGE!

Yoel Roth was the chief yid of censorious shit that everybody was worried Elon would keep on and continue putting his thumb on the scale against free speech. Him being out = excellent news!
 
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I wonder if he actually quit or if Elon realized he couldn’t have that fag in charge as head janny.
 
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Toolbox said:
I have no doubts he's just being honest about how poorly the company is performing, as to say it's basically been teetering on the edge this whole time. Wasn't Twitter purely unprofitable for several years until maybe the last two, where I'm not even sure it really broke even?
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Pretty much every internet social engineering/propaganda machine is extremely unprofitable but is kept going for reasons beyond making money all while never going bankrupt. Strange...
 
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Elon Musk tells Twitter employees ‘bankruptcy is not out of the question’​

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All of these articles are completely negative about twitter and you can sense the anger from the authors. This article reminds me of when Bolsinaro was elected and journalists were suddenly posting photos of Brazil's massive wealth gap, claiming it was Bolsinaro's Brazil... when the man wasn't even sworn into office yet. The wealth gap widened significantly during socialist rule but suddenly it existed when they weren't in power. Suddenly Twitter is in financial trouble when it was propped up by investors for years prior.
This is an excellent exposure of the welfare system for the managerial class in the US. There are so many useless people working in FAANG and other massive companies that exist to collect a paycheck because of the friends they have or who their parents are... and they make more than you.
 
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GenociderSyo said:
He is already talking about bankruptcy (archive).

Elon Musk tells Twitter employees ‘bankruptcy is not out of the question’​

Ad revenue has declined significantly since Musk took over the company.

Two weeks after taking over Twitter, Elon Musk has finally addressed the company’s remaining staff and the message was bleak. Speaking at an all-hands meeting, Musk said that Twitter is losing so much money that “bankruptcy is not out of the question,” The Information and Platformer reported.

Twitter hasn’t turned a profit since 2019, and ad revenue has declined significantly since Musk’s takeover as advertisers pull back from the platform. At the all-hands, Musk said Twitter could have "net negative cash flow of several billion dollars” in 2023, according to The Information. He also suggested that Twitter’s future depends upon the success of the revamped Twitter Blue subscription service.

“The reason we’re going hardcore on subscribers is to keep Twitter alive,” he said.

Musk also told employees, again, that they are expected to work from Twitter’s office, a reversal of the company’s previous “work from anywhere” policy. “If you can physically make it to an office and you don’t show up, resignation accepted," he said, Platformer’s Zoe Schiffer, reported.

Twitter is also rapidly losing the top executives that survived Musk’s layoffs. The company’s chief information security officer, chief privacy officer and chief compliance officer all recently resigned, exposing the company to potential new FTC fines. And two other high-profile executives, head of trust and Safety Yoel Roth and head of ad sales Robin Wheeler, also resigned on Thursday, Bloomberg reported. The two had joined Musk in a town hall meant to reassure Twitter’s advertisers just one day before.

Meanwhile, the roll out of the new Blue subscription has been rocky. After introducing — and quickly killing — a separate “official” checkmark, there’s been a surge in scammers and pranksters impersonating politicians, celebrities and brands. Musk reportedly told employees that rooting out scammers abusing the checkmark was a “top priority.”
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CRASH IT INTO THE GROUND ELON! NO SURVIVORS!
 
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Just adding the email I keep seeing referenced. tldr, "back to work idiots. oh, and we're probably not gonna make it."

From: Elon Musk [email removed]

Date: Nov 9, 2022 [time stamp removed]

To: Team

Sorry that this is my first email to the whole company but there is no way to sugarcoat the message.

Frankly, the economic picture ahead is dire especially for a company like ours that is so dependent on advertising in a challenging economic climate. Moreover, 70% of our advertising is brand, rather than specific performance, which makes us doubly vulnerable!

That is why the priority over the past ten days has been to develop and launch Twitter Blue Verified subscriptions (huge props to the team!).

Without significant subscription revenue, there is a good chance Twitter will not survive the upcoming economic downturn. We need roughly half of our revenue to be subscription.

Of course, we will still then be significantly reliant on advertising, so I am spending time with our sales & partnerships teams to ensure that Twitter continues to be appealing to advertisers.

This is the Spaces discussion that Robin, Yoel and I hosted today: [Link to Elon Q&A: Advertising & the Future removed]

The road ahead is arduous and will require intense work to succeed. We are also changing Twitter policy such that remote work is no longer allowed unless you have a specific exception. Managers will send the exception lists to me for review and approval.

Starting tomorrow (Thursday), everyone is required to be in the office for a minimum of 40 hours per week. Obviously, if you are physically unable to travel to an office or have a critical personal obligation, then your absence is understandable.

I look forward to working with you to take Twitter to a whole new level. The potential is truly incredible!

Thanks,

Elon
 
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