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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?

Leviathan ,

I Always thought he just wanted to flush xitter, it never occurred to me that he was actually trying to succeed.

pulaskiwasright ,

I think he was trying to dump Tesla stock without making it look like he didn’t have faith in the company. His plan was always to say he was buying it. sell a bunch of Tesla stock. Back out of the Twitter deal and walk away with a ton of cash.

He tried to get out of it based on a bunch of bullshit and then was surprised when a judge actually forced him to buy Twitter.

Praetorian ,

Now he wants shareholders to give him stock as he demands 25% of ownership plus he wants 56 billion payout. Meanwhile he’s firing whole departments.

VinnyDaCat ,

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

Treczoks ,

I wonder why nobody wants to set up their billboards on a burning heap of shit…

Holzkohlen ,

Oh no, poor rich boy

limelight79 ,

I can’t find the exact quote right now, but I saw in another article he said something like, “If they don’t pay for advertisements, X will be gone. How sad!”

It seems Musk thinks he’s tending another Mona Lisa or some other world cultural artifact that society would hate to lose. Not some website that’s fairly easily recreated by, say, a bunch of hobbyists.

match ,
@match@pawb.social avatar

nooo don’t kill twitter it’s too sexy aha

maxenmajs ,
@maxenmajs@lemmy.world avatar

Is he trying to put on a good appearance for the advertisers? I thought it was strange that he didn’t have a transphobic streak of Twitter interactions this June. Very out of character.

sensiblepuffin ,
@sensiblepuffin@lemmy.world avatar

Maybe that big bonus package that the board approved stipulated that he must not, quote “say anything stupid” for a little while.

CileTheSane ,
@CileTheSane@lemmy.ca avatar

he must not, quote “say anything stupid” for a little while.

Did they sew his mouth shut?

sensiblepuffin ,
@sensiblepuffin@lemmy.world avatar

Can’t stop there, you’d have to break his SIM card and tape a sign to his forehead saying “DO NOT LET THIS MAN TWEET”.

rami ,

huh. that is unexpected isn’t it?

Vaggumon ,
@Vaggumon@lemm.ee avatar

any company that advertises with Twitter deserves to go bankrupt and vanish.

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.

cley_faye ,

I believe the appropriate, corporate-friendly answer in this case is “go fuck yourself”

mrgreyeyes ,

“Do be a dear and remove yourself from my presence”

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.

Breve ,

Unfortunately advertising doesn’t work on the majority of their users who are bots. 🤷

rsuri ,

He deserves to lose every dollar, it’s the most arrogant business move in history and he disrupted thousands of lives of workers with good jobs in the process. Unfortunately it’s only like 10% of his net worth, he’s the one who will suffer the least relatively speaking.

meldroc ,

Go anti-woke, go broke, Apartheid Boy!

Balinares ,

Go fash, lose cash. 👍🏻

Atelopus-zeteki ,
@Atelopus-zeteki@kbin.run avatar

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