nuff said

  • randomTingler@lemmy.world
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    1 year ago
    • Your Google search result redirects to Twitter
    • you click and open the link
    • Twitter asks you to login to see the tweet.
    • You close that tab and move on to next search result.

    Best way to avoid traffic to your site, then complain about revenue loss from advertisements.

  • tswerts@lemmy.world
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    1 year ago

    I’m not waiting to see Twitter fail. I’m just hoping that the federated alternatives for Twitter and Reddit will get more mainstream. And I must say that I’m happy with the way things are evolving at Mastodon and Lemmy.

  • RouxFou@dormi.zone
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    1 year ago

    With the way he’s running this, I’m a bit confused as to why he didn’t just buy Truth Social directly. Wouldn’t have cost him nearly as much.

  • eoddc5@lemmy.world
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    Remember the 50% number is just what he was comfortable with publishing to the public

    We have no reason to believe his public statistics

    • Moonrise2473@feddit.it
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      100% of the ads I see on Twitter today are dropshipping scams, while in the pre-musk era they were highly targeted to my job and interests to the point that if there wasn’t the “ad” tag I couldn’t distinguish that.

      They can’t cost the same for the advertiser, a generic dropshipping scam that targets everyone must be cheap

    • emptyother@lemmy.world
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      Why would he tweet about his losses in the first place? I applaud his openness (/s) but I doubt any investors or advertisers will come running to a dying social networking.

      • danc4498@lemmy.world
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        I think it’s either better than 50, or he expects it to be better shortly so when he says it’s 40, he can celebrate how good he did for the +10.

      • eoddc5@lemmy.world
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        If your losses are at 80% and you tell everyone they’re at 50% you can try to spin the story in your favor.

    • traveler01@lemmy.world
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      What does he has to gain in lying anyway? It’s not like he cares about what investors think since Twitter is now a private company owned by him.

  • yuknowhokat@lemmy.world
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    Elon complaining about this just reminds me that he can afford to lose ~50 billion dollars and still be one of the wealthiest people ever to have lived.

    • kroy@lemmy.world
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      He’s below his height of wealth, but he’s still #1 and has 250 billion

    • zombuey@lemmy.world
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      1 year ago

      I still think the “saudi’s paid elon to nuke it” was a solid conspiracy theory.

      • dexx4d@lemmy.ca
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        1 year ago

        When you think about it, there were a lot of populist movements growing through Twitter. It probably pissed a lot of wealthy, powerful people off.

        Then Musk and Zuckerberg were called to private meetings with the president, weren’t they? And Twitter was taken over and shut down. Then Threads, owned by Facebook who is known to help out law enforcement quite happily as well as track everything, takes off as an alternative.

  • BaumGeist@lemmy.ml
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    Translation: “I’m terrible at business, and I’m making it everyone else’s problem”

      • BaumGeist@lemmy.ml
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        1 year ago

        I had to search the euphemism to see if I was just out of the loop on the economics terminology, and if those legit were different concepts.

        On the downside, they’re not. On the upside, Musk is setting a great example for how to stop getting accused of hoarding wealth

  • JackbyDev@programming.dev
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    Heavy debt load? Where could that have come from.? A leveraged buyout at an overvalued price or something?

    • elskertesla@lemmy.world
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      No, a lot of this debt is debt that Twitter already had.

      Edit: Factual corrections.

        • elskertesla@lemmy.world
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          So facts doesn’t really matter because I’m interested in Tesla? That’s your argument? Twitter had about $7.1 billion in debt before Elon Musk bought it. When Elon Musk bought Twitter, he took on an additional $13 billion in debt to finance the acquisition.

          Edit: The simple fact that people are downvoting me for telling the truth honestly says a lot about the state of Lemmy and some of those who migrated here. I had higher hopes for this place, but Im afraid it has become an echo chamber-circle jerk for bitter, non-factual conversations, where people downvote and attack instead of engaging in honest conversation. As for why I moderate that sub, it’s primarily because I’m trying my best to recreate the Reddit experience here on Lemmy, in order to assist with the migration. When I joined, that sub didn’t exist on Lemmy, so I had to create it myself - hence, why I’m a moderator. I appreciated the content that sub provided on Reddit, so I aim to offer that experience to those who migrate. I also post on other subs where the topics are relevant. This witch hunt is absolutely ridiculous and detrimental to making Lemmy a more welcoming and improved place compared to Reddit.

          • Uniquitous@lemmy.one
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            If the entire world tells you that water is wet, it’s not a mob mentality drummed up by Big Hydro.

            • elskertesla@lemmy.world
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              So if im telling factual information about twitters debt situation and get downvoted into oblivion that makes it not true? Is this your logic?

          • sweetviolentblush@sh.itjust.works
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            I think being upset about downvotes says a lot more about you than anything else. After all if lemmy is such a loss in your eyes, why bother with such a hugely descriptive and defensive edit. Why not just leave.

            • elskertesla@lemmy.world
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              Because I belive ln a better future for Lemmy. I will not be dictated by this mob mentality.

              • sweetviolentblush@sh.itjust.works
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                Being upset about downvotes and ranting about the lemmy atmosphere seems in opposition to what you’re saying, but ok. Good luck with that

                • elskertesla@lemmy.world
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                  If you can’t see that this mob mentality of attacking users instead of addressing their key points in an argument is detrimental to the platform than we are not heading anywhere productive. Lemmy will simply be reduced to an echo chamber of older users who don’t accept or are even willing to engage in honest argumentation.

      • b3nsn0w@pricefield.org
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        probably both. twitter was never profitable afaik, the whole idea was to have either some rich moron or (more likely) a megacorp buy it and everyone who contributed would get a fat final paycheck. but the way musk handled things definitely didn’t help either.

        • Rodeo@lemmy.ca
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          I just want to point out the idea that these companies not being profitable is bullshit. It just means they’ve moved money that would be profit into some other place and now they can call it something other than profit.

          Got $100k extra profit? Pay it all out as bonuses to your executives, now that $100k is an expense instead of profit.

          • b3nsn0w@pricefield.org
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            on the surface level, makes sense, yeah. but twitter hosts video, that stuff isn’t cheap – hell, even images aren’t cheap and twitter has piss poor ad integration and a meaningless subscription that they made pretty much as uncool to buy as possible. hosting a platform that size is hella expensive.

          • traveler01@lemmy.world
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            Twitter was not even close. It had a lot of dead weight, wasted a big fat billion on wages every month alone. He fired 85% of the work force and Twitter managed to release more features this year alone than in the past 3 years. They have so many people working there that didn’t do anything at all.

            I mean everyone remembers those tiktokers that worked at Twitter. They spent more time on useless meeting, drinking and eating at the company expense and toying around than working.

        • kameecoding@lemmy.world
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          Twitter reported its first-ever profitable quarter Thursday after more than four years of trading on the public market. The company announced $91 million in profit for the fourth quarter of 2017. Profitability was the #goal, CEO Jack Dorsey told investors in February 2017, and Twitter nailed it. The stock was up by more than 14 percent in after-hours trading.

          https://mashable.com/article/twitter-profitable-earnings-2017-first-time

          it was profitable at least at some point

  • Chocrates@lemmy.world
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    Gasp. Who would have thought actively courting Nazis would make risk averse corporations stop using your ads! Poor Elon! Also doesn’t help that the site was basic private for a while. I know I never bothered to log in while it was log in only.

    • arensb@lemmy.world
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      Who would have thought actively courting Nazis would make risk averse corporations stop using your ads!

      Nobody could have foreseen this! Nobody! Unless by some miracle they happened to look up who’s advertising on far-right platforms like Gab or Pravda Social.

        • arensb@lemmy.world
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          “Pravda” is Russian for “Truth”. I find it ironic that TFG named his social media site after a newspaper that’s synonymous with "shameless propaganda’.

          • FordBeeblebrox@lemmy.world
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            1 year ago

            Not so much ironic as the Spider-Man pointing meme. Al-qaeda literally means “the base” and who exactly do you think all the Jesus freak stochastic terrorists are trying to rile up? Their base. Two sides of the same shit coin.

    • randfur@lemmy.world
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      I’m happy to learn about significant updates to the health of the platform but not as literal Musk tweets pls.

    • chickenwing@lemmy.world
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      I agree. I don’t really consider social media “technology” anymore. I mean yeah it uses technology but so does everything else. I don’t think technology is the right community for this kind of post. There should be an enshittification community where we can see all the Twitter, reddit, and meta stuff.

      In fact a lot of “technology” companies are just regular companies with an app. Netflix is a media company, Uber is a taxi company that somehow skirted regulators, and Airbnb is a hotel company that also skirted regulators.

    • lo9rd@lemmy.world
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      With RIF is just straight blocked posts containing Musk, Rowling etc, plenty of specific subreddits and managed to make my /all experience a great one. I’m hoping I can do that down the line with Lemmy too!