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neidu2 ,

Didn’t he tell advertisers leaving to go fuck themselves? I don’t expect a very long queue of returning ones.

fluxion ,

Surely the appreciate the “authenticity” with which he told them to “go fuck yourselves” before flip-flopping and begging them to come back?

CileTheSane ,
@CileTheSane@lemmy.ca avatar

“I’d rather be told to ‘have a nice day’ by someone who doesn’t mean it than be told to ‘go fuck yourself’ by someone who does.”

cmrn ,

The majority of the ads I get on Twitter now are deepfaked Elon shilling coins — I don’t know how any advertiser (or user) could have any faith in that platform anymore.

CileTheSane ,
@CileTheSane@lemmy.ca avatar

I don’t know how any advertiser (or user) could have any faith in that platform anymore.

For the advertisers they know it’s full of rubes who will easily fall for their scams. Hence the cryptocurrencies.

n3m37h ,

Elon, yangot a 50 bil payout, just finance your dogshit website.

Voroxpete ,

The problem is that his payout, like the rest of his fortune, is in exceedingly overvalued Tesla stock. So using that to finance Twitter means selling, and every time he sells the price takes a hard dip because Tesla investors know they’re standing on a soap bubble and they are extremely nervous about it bursting. Any sudden uptick in sales pressure is liable to cause a small avalanche of investors abandoning ship.

The process of buying Twitter alone cut his net worth by half because of how much it cratered the Tesla stock price.

barsquid ,

Imagine being the wealthiest person on the planet and deciding to burn half of it to ensure that Nazis have an audience for their hot takes. Elon could have bought entire parks of grass to touch instead.

deeves ,

Hahah, so him personally bailing out Twitter with a cash infusion would kill Tesla in the process?

What a world.

Voroxpete ,

It wouldn’t kill Tesla, per se. A company’s stock price only really matters insofar as it helps them to carry debt. The company doesn’t actually directly gain or lose money based on the stock price. What it affects, primarily, is the shareholders of the company.

ZeroCool ,
@ZeroCool@vger.social avatar

“I hope they stop. Don’t advertise, If somebody is going to try to blackmail me with advertising, blackmail me with money, go fuck yourself. Go fuck yourself. Is that clear? I hope it is." - Elon Musk, November 27th 2023

NutWrench ,
@NutWrench@lemmy.world avatar

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Anise ,

Advertisers: OK. Call.

a9cx34udP4ZZ0 ,

“If you’re trying to reach senior decision makers, if you want to reach the most influential people in the world,” Musk told Read, “the X platform is by far the best.”

Does someone want to break it to him that he’s one of about 4 executives of a fortune 500 who spends any time on Twitter? The rest have PR people who might make a couple posts a month for them, but they sure as shit aren’t wasting any time on it arguing with idiots and bots. They’re busy flying around on private jets or playing golf when they aren’t spending their 30 minutes a month working.

ikidd ,
@ikidd@lemmy.world avatar

I could believe all the psychopaths still use shitter. Anyone I see that links to it is either a financial news organization or the scum they cover.

MindTraveller ,

I’m a psychopath and I don’t use Twitter. I have PTSD. Also you shouldn’t call mentally ill people psychopaths, it’s considered offensive. You should say mentally ill person in the same language you’re speaking, in this case English. And maybe stop saying mentally ill people are rich. We’re not rich.

ikidd ,
@ikidd@lemmy.world avatar

I’m sorry, that was more than 140 characters; you have failed, and may God have mercy on your soul.

grozzle ,

I’m Spanish and I don’t fight bulls. I’m from Poland. Also you shouldn’t call Europeans Spanish, it’s considered offensive. And maybe stop saying Europeans eat pasta, we don’t eat pasta.

Censored ,

Europeans do eat pasta.

Duamerthrax ,

Are you suggesting that they’re lying? On the internet?

dukatos ,

Squeal Boy! Squeal!

gmtom ,

Oh no, if revenue continues to slip in just a few hundred years Musk will be down to his last billion. (assuming he never makes any more money)

sugar_in_your_tea ,

That’s not exactly how billionaires work, they don’t keep their money as cash, they keep it as equity. So if the value of his companies fall fast enough, he could lose all of his wealth.

Just food for thought.

SuspiciousCatThing ,

One can hope.

NotMyOldRedditName ,

Also when you own as much of a company like he does, and try to cash out, you cause the stock to plummet rapidly as you increase the available amount of shares. Basic supply and demand.

It was quite dramatic as he was selling shares to buy Twitter.

Whatever number gets thrown around as his wealth is just a paper number. It’s a fraction of that if he sold it all.

sugar_in_your_tea ,

Yup, and he’d have to get approvals for any stock sales since he’s in an executive position, and he also has an obligation to not tank the stock price either. So a lot of his wealth is inaccessible.

He’s still super rich, but if Tesla tanks, he’d be a lot less rich.

NotMyOldRedditName ,

I still feel like the way he sold all that stock for Twitter on the open market wasn’t in the best interest of the shareholders.

Why didn’t he try to negotiate a sale with Blackrock or someone and give them a 25% discount or something and do a large block sale.

Pretty sure something like that is an option if done right. It still would have hurt the stock price, but the Twitter sale was pretty brutal with it going on for weeks.

sugar_in_your_tea ,

There’s only so much you can do to move $40B of stock, and he didn’t think Twitter would actually accept, so he had to scramble a bit. He was caught between various SEC rules, which was his own doing, but it does explain the behavior.

VinnyDaCat ,

Well, well, well if it isn’t the consequences of my own actions.

chrishazfun ,

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art ,
@art@lemmy.world avatar

Masterful gambit, Sir.

cosmicrookie ,
@cosmicrookie@lemmy.world avatar

‘Begs’ sounds like a strong word comparing to the actual content of the article

aramova ,

Click bait headlines? Never!

Nougat ,

Literally all he needs to do is shut the fuck up and collect money, and he can't even manage that.

Fapper_McFapper ,

But if I keep my mouth shut how will I assert that I am the most important human on the planet?

ThePowerOfGeek ,
@ThePowerOfGeek@lemmy.world avatar

Nope, he can’t manage that. Because he’s an attention-whoring malignant narcissist.

I can’t wait for the bubble of mystique to pop on this arsehole, if only so we don’t have to ever hear from or about him again. Sadly, there are still plenty of rubes in his cult of personality and greedy investors willing to ride his coattails. So I’m not holding my breath.

pumpkinseedoil ,

Doesn’t even have to collect money, he could just sell everything except SpaceX and still live a happy life and fly to Mars one day.

Cocodapuf ,

If only… That’s the universe I want to live in.

Veneroso ,

The Saudi Sovereign Wealth Fund expects returns.

Mr. Bonesaw waits…

Censored ,

Haha that would be a fitting end for Elon.

Censored ,

Womp womp.

deltreed ,
@deltreed@lemmy.world avatar

I think he might be starting to go mad.

Spacehooks ,

Starting?

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