• TWeaK@lemm.ee
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      1 year ago

      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.

      • archomrade [he/him]@midwest.social
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        1 year ago

        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.

        • TWeaK@lemm.ee
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          1 year ago

          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.

          • archomrade [he/him]@midwest.social
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            1 year ago

            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.

            • TWeaK@lemm.ee
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              1 year ago

              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.

      • antonim@lemmy.dbzer0.com
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        1 year ago

        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.

        • TWeaK@lemm.ee
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          1 year ago

          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.

  • Dyskolos@lemmy.zip
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    1 year ago

    Why does anyone still use this pile of crap anyway since the kid took over?

    • givesomefucks@lemmy.world
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      1 year ago

      Pretty sure users have mostly left.

      Companies and public figures keep using it, because for most of them it’s just some intern or bot that was posting.

      It takes a while for social media to finally die because of that. They’ll just stumble on like a zombie for like a decade.

      The only way it’ll happen faster, is if people loudly boycott anyone that’s still using it. But with 99% of social media sucking ass, there’s not really a place to do it from where companies and public figures will hear it.

    • cm0002@lemmy.world
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      1 year ago

      Don’t insult children like that, kids would have made way better and funnier decisions lmao

    • Dem Bosain@midwest.social
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      1 year ago

      I’m still there because I like to know what the crazies think about stuff. It’s still entertaining in its own way. For example, did you know there are business experts on Twitter even smarter than Tim Cook? It’s true…

      • TWeaK@lemm.ee
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        1 year ago

        Scott Adams needs to hide away in his Dilbert shaped house, never to be heard from again.

    • Thorny_Insight@lemm.ee
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      1 year ago

      For the same reason I started using it in the first place. Elon taking over haven’t changed my user experience in any way. It’s the same it has always been. Ironically enough it’s also the only social media platform where my feed is 99.5% free of politics or talk about Elon.

  • HeyJoe@lemmy.world
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    1 year ago

    The only part I hate is that real people have and will lose their jobs due to 1 person that treats this entire situation like a kids game.

    • ubermeisters@lemmy.world
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      1 year ago

      Thosee people honestly took that risk working for that company. I don’t go work for Walmart then cry about it killing small towns, kinda thing.

      • NAK@lemmy.world
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        1 year ago

        He bought Twitter.

        There are plenty of people who were affected by that

          • anon232@lemm.ee
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            1 year ago

            They downvoted him because he spoke the truth. I have no sympathy for anyone choosing to work at X or Meta. If you knowingly work at these companies, knowing how they’re run and what they do, you’re a piece of shit. These people are only there to try to boost their own careers, but they’re still participating in the efforts against society that these companies impose.

            I dont want to hear about how “Twitter was bought out! What would they do?” Fucking quit, that’s what you do. I’d rather work at McDonalds than have Elon as my CEO.

            • ubermeisters@lemmy.world
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              1 year ago

              Meta tried so hard to recruit me. It was HARD to say no. They have amazing facilities, fucking nice ass games everywhere, amazing pay, free food everywhere you look…

              and they destroy democracy and freedom more everyday. But I can actually still sleep at night with my low wage somehow… wierd.

              This bullshit “grindset”, “do whatever it takes to give me.and mine what we know we deserve” is a subversive mental plant that’s been growing as a seedling from the first time you saw a TV commercial with happy kids playing with better toys than you. And it’s all bullshit. News flash, you and yours aren’t special and you don’t deserve anything extra. However, we we all collectively do deserve better. Just not individually. It’s a grand lie and these morons keep conflating it.

              You don’t NEED that job at X, or Meta. You WANT it, because you think you’re special and have earned the right to harm the world that tiiiiiny immeasurable amount, so you and yours can get thier cake. It’s a lie, and we all deserve cake. Don’t skip the line.

            • Kilgore Trout@feddit.it
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              1 year ago

              > I’d rather work at McDonalds than have Elon as my CEO.

              > If you knowingly work at [McDonald’s], knowing how they’re run and what they do, you’re a piece of shit.

              Seems I can apply this to everything.

              • anon232@lemm.ee
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                1 year ago

                To my knowledge, McDonalds isnt trying to upend our democracy, nor are they inciting Nazis in their restaurants as well as discriminating against other protected classes. Yeah their food sucks but at least they aren’t causing the downfall of society.

        • ubermeisters@lemmy.world
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          1 year ago

          What if this? What if that? What if the sky falls??

          edit: listen, alright, the HB-1 worker system has been fucked for a long time and needs a serious, honest overhaul, these massive companies are abusing the shit out of it, and not ever intending to provide permanent positions etc, I see it all the time. Write your congressmen and ask for them to provide relief funding for victims of HB-1 employer-side contract abuse or whatever its going to wind up being called. They absolutely deserve better, and its FUCKED to trick people into working for cheap and ship them back off to a worse life when the time is up. But that takes time. So you better get moving, because twitter is a falling tower already, with or without my apparent egregious sentiments.

      • agent_flounder@lemmy.world
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        1 year ago

        Nearly all companies are cash-chasing shitholes. The real problem here is the disparity of wealth between top and bottom.

    • Ranvier@sopuli.xyz
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      1 year ago

      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.

  • blind3rdeye@lemm.ee
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    1 year ago

    “Exclusive”, at least the forth version of this story I’ve seen today.

  • Jaysyn@kbin.social
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    1 year ago

    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.

  • db2@sopuli.xyz
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    1 year ago

    Musk being an utter waste of skin isn’t an exclusive.

    • raptir@lemdro.id
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      1 year ago

      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.