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blazera , in Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’
@blazera@kbin.social avatar

Yeah this is all lining up way too neatly on the timeline of him meeting with Putin, then buying twitter. Guys a russian asset working to undermine western communications supportive of ukraine.

whatsarefoogee ,

People need to stop with these conspiracies that it’s some kind of 4d chess. We have a recorded history of Musk trying to get out of the deal with every excuse in the book. He only folded when his private communications becoming were being considered to become part of the legal process.

He ran his mouth, like he has done before with Tesla, except this time he got held accountable for it.

PreciousTater311 , in Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’

Too bad the My Pillow guy doesn’t have cash to throw at Twitter ads.

Tygr , in Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’

You don’t buy a heavily liberal swayed network and flip it heavily conservative. All of your advertisers will have an issue and it takes a long time to bring in new advertisers that like the new direction.

That’s like buying Truth Social and banning Trump.

P.S. I can’t stand Twitter. Never liked it, never will.

ThunderingJerboa ,
@ThunderingJerboa@kbin.social avatar

Hell lets be honest here, I think many advertisers do sway more heavily conservative but the problem is advertisers want stability. Elon basically opened the flood gates to let anything go (as long as he agrees with them) and that created massive change at once. So you have to play the game of pandering to your audience who are likely going to be on the left just due to the left being a far more numerous group and no big advertiser would want an ad anywhere near a racial tirade. Like the higher ups of these corporations can and may be incredibly racist but you don't want your brand associated with it since you basically cut off a sizeable part of your market in the space you are trying to advertise. At the end of the day they want money and they don't want to rock the boat visibly.

WanderingPoltergeist , in Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’
@WanderingPoltergeist@kbin.social avatar

Screw around and find out, Elon Musk...That man's choices lead to this outcome, and I want to see him simmer in the shit stew. Keep the great news rolling in! 😏

yoz ,

Lol he doesnt care bro. Remember he’s a billionaire, even if he spends $20 million a day, he won’t be able to spend it all in his lifetime. 9-5 plebs like us can only wish of this one day to put this into perspective, I got a $200k loan which will take me 30 years to pay it back lol

whatsarefoogee ,

He paid 44 billion for twitter, that’s pretty big chunk of his wealth. And most of his wealth is tied to his shares in Tesla/SpaceX and he can’t liquidate them without massive negative impacts on their value.

A lot of billionaires are rich on paper. $44 billion of liquid assets is much more than it would appear.

MrJameGumb , in Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’

You mean cozying up to human traffickers and literal Nazis and limiting people to reading a handful of tweets per day didn’t convince advertisers to invest??? Who could have imagined that?

Spacebar , in Tesla builds its first Cybertruck four years after unveiling prototype
@Spacebar@lemmy.world avatar

https://lemmy.world/pictrs/image/b0d027b8-39ef-4e1b-b8d5-b7b832c40aa1.jpeg

The first truck. Produced as a rest of the assembly line. Many trucks will be produced as a test to get volume production going smoothly.

YoBuckStopsHere , in Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’
@YoBuckStopsHere@lemmy.world avatar

Maybe you should not have fucked up a good thing.

RubyDaCherry ,

Twitter was good?

TenderfootGungi ,

It was mildly profitable.

somethingsnappy ,

Mildly profitable for about 2 years. After 12 years of losses. Then lost money even before the moron bought it.

niktemadur ,
@niktemadur@kbin.social avatar

Twitter was a great space for breaking news, official alerts like weather, earthquakes and tsunamis, for developing election day tallies.
The "you mean Grimes left the king of SpaceX?" manchild broke all that.

FlyingSquid ,
@FlyingSquid@lemmy.world avatar

She left him for Chelsea Manning, which almost makes me believe in karma.

FlyingSquid , in Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’
@FlyingSquid@lemmy.world avatar

What? The super genius couldn’t turn it into a cash machine? I thought he was the smartest (and funniest) person on the planet!

Bonehead ,

I think this is the saddest part, at least for him. Before Twitter, a lot of people thought he was relatively intelligent to be a part of a groundbreaking electric car company, a crazy tunnel digging company, and wild space vehicle company doing innovative things. Now since Twitter, we see an insanely rich narcissistic meglomaniac that was kept out of most Tesla big decisions as he just wanted the publicity for himself, the tunnel digging company was nothing more than a way to interfere with green projects, SpaceX did the same thing as Tesla and succeeded despite Musk's involvement, and a once respected medium of open communication worth a reported $44 billion dollars devolve into a cess pool of bigotry and arbitrary restrictions. Whatever good will he built for himself over the years that saw him even get a cameo in a Marvel movie next to Tony Stark, he's burned through most of it in the eyes of a lot of people.

soundasleep ,
@soundasleep@kbin.social avatar

It's great for everyone with imposter syndrome! I used to fear I was too inexperienced, inept, unprofessional... but then this happened 😅

whatsarefoogee ,

Does your daddy own an emerald mine though? That’s kind of the key here.

rtxn ,

SpaceX and Tesla both grew with his continuous involvement. The managers were trained (out of necessity) to keep his “genius” in check without destroying the company or getting themselves fired. In a sense, Musk’s continuous presence gave the companies a form of immunity.

When he infested the bird, the managers didn’t know how to protect it. It was like bringing smallpox to the new world.

clutchmatic ,

Also, there were no managers left after Musk’s big purge

dojan ,
@dojan@lemmy.world avatar

Buying Twitter was just him getting a fleshlight for his ego.

zoostation , in Elon Musk says Twitter cash flow is negative due to ad revenue declines, ‘heavy debt’

Good. Fuck him and fuck Twitter.

aidenxy ,

No thanks. I have standards.

originalucifer , in Florida rocked by home insurance crisis: ‘I may have to sell up and move’
@originalucifer@moist.catsweat.com avatar

That issue? Government funded landowner welfare to be able to continue unsustainable development.

Take the hint people... move

JustZ ,
@JustZ@lemmy.world avatar

Exactly. This. Unsustainable development. It’s Florida real estate has been a Ponzi scheme for at least twenty years.

Jaysyn ,
@Jaysyn@kbin.social avatar

Meanwhile another large building goes up on top of Miami's dissolving limestone.

MicroWave OP , in Florida rocked by home insurance crisis: ‘I may have to sell up and move’
@MicroWave@lemmy.world avatar

Households in Florida, the third most populous state in the US, have been grappling for some time with a property insurance crisis that is making home ownership unaffordable for many. After at least six insurers went insolvent in Florida last year, Farmers on Tuesday became the latest to pull out of the Florida market, saying in a statement that the decision was based on risk exposure in the hurricane-prone state.

“Global warming is partly to blame, but so is Ron DeSantis. Instead of banning books and picking fights with Disney and drag queens, he should be tackling the issues that really matter to Floridians.”

FlyingSquid , in Sheriff says baby dies after teen mom put fentanyl in bottle
@FlyingSquid@lemmy.world avatar

If only there were some sort of method of stopping a pregnancy before it even got to the point that the teenager had to go through labor that was legal, safe and without stigma.

Of course, this is Florida, so there is no such method.

GlitzyArmrest , in Tesla builds its first Cybertruck four years after unveiling prototype
@GlitzyArmrest@lemmy.world avatar

Has it been approved for street use?

Blamemeta ,

Not without mirrors it isn’t

DaGeek247 ,
@DaGeek247@kbin.social avatar

If you look in the picture Spacebar posted you can see it has mirrors attached.

Athena5898 , in Sheriff says baby dies after teen mom put fentanyl in bottle

I would take this story with a huge grain of salt. If you ask a cop how's the weather and they tell you it's sunny, bring an umbrella. (In case this isn't clear to some people, it's a saying about how cops fucking lie about everything

phoneymouse , in Teen Passenger Detained In Airport For 'Skiplagging'

One time I needed to book a one way trip from one country to another. It was like $3000. So, I checked what it would cost for a round trip ticket and it was $2500. Which one would you book?

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