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NonDawg Twitter “rate limit exceeded”

At your service https://www.theatlantic.com/ideas/a...tter-free-speech-matt-taibbi-substack/673698/

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Biased but at least reputable. But you shouldn’t rely on an opinion piece.
 
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many ITT need not quit their day jobs. Musk is a loon but he cut the employees by over 80%, dramatically reduced overhead, cut down on the fraud and twitter has a chance to actually……..make money.

This is a company that was losing hundreds of millions a year pre acquisition.
His lenders have cut the company’s value to a third of the acquisition purchase price. That is of a company that had turned a profit in 2018 and 2019.

While you’re right Twitter lost a lot of money in 2020 when ad revenue dried up during the pandemic, it showed progress in 21, reducing its profit loss by 80% of its 2020 number.

Then elon bought it. First he saddled the company with unimaginable debt to finance his purchase. Then he’s systematically driven off advertisers. Now he’s undermining the CEO hire of one of the best-respected executives in the ad business by launching a policy intended to drive subscriptions at the expense of viewership numbers (which he bragged about just this week!) and user experience.

Elon is much smarter than I am. But much of his decision making seems to be ego and groupthink, with a large dose of desperation to meet interest payments.
 
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This is why the government shouldn’t rely on private industry in order to disseminate information (in my opinion). Don’t get me wrong, the way Twitter is implementing this is short-sighted, but if the government ACTUALLY cared about getting this info out there, they’d have a reliable system to do so that wasn’t subject to the whims of an idiot charlatan like Musk.
 
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His lenders have cut the company’s value to a third of the acquisition purchase price. That is of a company that had turned a profit in 2018 and 2019.

While you’re right Twitter lost a lot of money in 2020 when ad revenue dried up during the pandemic, it showed progress in 21, reducing its profit loss by 80% of its 2020 number.

Then elon bought it. First he saddled the company with unimaginable debt to finance his purchase. Then he’s systematically driven off advertisers. Now he’s undermining the CEO hire of one of the best-respected executives in the ad business by launching a policy intended to drive subscriptions at the expense of viewership numbers (which he bragged about just this week!) and user experience.

Elon is much smarter than I am. But much of his decision making seems to be ego and groupthink, with a large dose of desperation to meet interest payments.
Twitter lost hundreds of millions in 2021 as well. And that was with twitter cooking the books.

And Elon has said this wasn’t solely an economic decision. He put an end to the rampant censorship which we can all agree was very dangerous.

Elon has plenty of his own issues, is far from perfect, and this is a bad look, no doubt.
 
His lenders have cut the company’s value to a third of the acquisition purchase price. That is of a company that had turned a profit in 2018 and 2019.

While you’re right Twitter lost a lot of money in 2020 when ad revenue dried up during the pandemic, it showed progress in 21, reducing its profit loss by 80% of its 2020 number.

Then elon bought it. First he saddled the company with unimaginable debt to finance his purchase. Then he’s systematically driven off advertisers. Now he’s undermining the CEO hire of one of the best-respected executives in the ad business by launching a policy intended to drive subscriptions at the expense of viewership numbers (which he bragged about just this week!) and user experience.

Elon is much smarter than I am. But much of his decision making seems to be ego and groupthink, with a large dose of desperation to meet interest payments.
While I tend to agree with much of what you just said, there is absolutely no desperation to make interest payments. The Tesla stock price rose $58 a share in June. Musk owns 412 million shares. So, on paper he made almost $24 billion in June on Tesla stock.
 
This is why the government shouldn’t rely on private industry in order to disseminate information (in my opinion). Don’t get me wrong, the way Twitter is implementing this is short-sighted, but if the government ACTUALLY cared about getting this info out there, they’d have a reliable system to do so that wasn’t subject to the whims of an idiot charlatan like Musk.

They do have a reliable system - the National Weather Service issues alerts through a multitude of channels. Twitter is just another way to reach people and Elon has ****ed that up.
 
Twitter lost hundreds of millions in 2021 as well. And that was with twitter cooking the books.

And Elon has said this wasn’t solely an economic decision. He put an end to the rampant censorship which we can all agree was very dangerous.

Elon has plenty of his own issues, is far from perfect, and this is a bad look, no doubt.
He bought it, then realized it was a bad investment. Tried to back out, but the courts wouldn't let him. Some people's ego makes them think they are good at everything. The smartest of people can keep their ego in check and realize they are not.
 
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He bought it, then realized it was a bad investment. Tried to back out, but the courts wouldn't let him. Some people's ego makes them think they are good at everything. The smartest of people can keep their ego in check and realize they are not.

The hilarious part is he never really wanted to buy Twitter. He ****ed around and found out.
 
He bought it, then realized it was a bad investment. Tried to back out, but the courts wouldn't let him. Some people's ego makes them think they are good at everything. The smartest of people can keep their ego in check and realize they are not.
He quickly realized they were inflating their numbers.
 
Twitter lost hundreds of millions in 2021 as well. And that was with twitter cooking the books.

And Elon has said this wasn’t solely an economic decision. He put an end to the rampant censorship which we can all agree was very dangerous.

Elon has plenty of his own issues, is far from perfect, and this is a bad look, no doubt.
Sure it lost hundreds of millions in 21. So too did every ad-dependent business. But its trend line was outstanding, particularly when you look by quarterly revenue. Would it go back to its profit from two years before? Who knows. More likely, a larger company would have acquired it. Disney nearly did a few years before.

We won’t get exact numbers from Elon, but all signals are awful and suggest he’s plummeted that trend line. Even with cost cutting, he’s demolished its largest revenue stream (ads). And his plan to replace it with subscription revenue has not panned out.

I’m skeptical of his commitment to free speech rather than making his own speech the main character.
 
Sure it lost hundreds of millions in 21. So too did every ad-dependent business. But its trend line was outstanding, particularly when you look by quarterly revenue. Would it go back to its profit from two years before? Who knows. More likely, a larger company would have acquired it. Disney nearly did a few years before.

We won’t get exact numbers from Elon, but all signals are awful and suggest he’s plummeted that trend line. Even with cost cutting, he’s demolished its largest revenue stream (ads). And his plan to replace it with subscription revenue has not panned out.

I’m skeptical of his commitment to free speech rather than making his own speech the main character.
Not every add dependent business lost hundreds of millions. Those who had an insanely bloated workforce may have. It was a very poorly run business with fraudulent numbers.

They are trying to fix that while undoubtedly making their own mistakes.

And it will take years for his plan to produce results - that is why, in part, he took it private.

Today was a bad day for him, though.
 
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The hilarious part is he never really wanted to buy Twitter. He ****ed around and found out.
Call me a tinfoil hat guy if you want, but some believe he may be sinking it intentionally. I’m not saying I believe that but I’m open to the possibility.
 
While I tend to agree with much of what you just said, there is absolutely no desperation to make interest payments. The Tesla stock price rose $58 a share in June. Musk owns 412 million shares. So, on paper he made almost $24 billion in June on Tesla stock.
I understand musk can satisfy the entire purchase price. But he’s committed publicly to not sell any Tesla stock for two years—so he’s illiquid on that item. Of course he could break that rule, but then he would subject Tesla (and himself) to shareholder derivative suits and possible SEC scrutiny.

Most billionaires are surprisingly illiquid for tax purposes and finance their life through stock-backed loans (also for tax purposes).
 
I understand musk can satisfy the entire purchase price. But he’s committed publicly to not sell any Tesla stock for two years—so he’s illiquid on that item. Of course he could break that rule, but then he would subject Tesla (and himself) to shareholder derivative suits and possible SEC scrutiny.

Most billionaires are surprisingly illiquid for tax purposes and finance their life through stock-backed loans (also for tax purposes).
Correct, but he would find plenty of lenders these days if he needs funds to make payments on his Twitter loans.
 
Call me a tinfoil hat guy if you want, but some believe he may be sinking it intentionally. I’m not saying I believe that but I’m open to the possibility.
For what purpose? Someone else will just rise up with something better. Zuckerberg is already trying to develop something better.
 
For what purpose? Someone else will just rise up with something better. Zuckerberg is already trying to develop something better.
I’m not sure what the purpose would be. Just saying that’s a belief that’s out there. Several of the decisions made have driven hoards of people away. He’s smarter than that.
 
I’m not sure what the purpose would be. Just saying that’s a belief that’s out there. Several of the decisions made have driven hoards of people away. He’s smarter than that.
I think he's a business man who got so full of himself he thought he could be a social warrior savior. It's happened before. It generally leads to bad decisions. The ego can outweigh the smarts at times.
 
I think he's a business man who got so full of himself he thought he could be a social warrior savior. It's happened before. It generally leads to bad decisions. The ego can outweigh the smarts at times.
I’m interested to see how it all shakes out. He may indeed be breaking it down to build it up.
 
Couldn’t care less how twitter is doing. I just know that certain individuals (no matter how powerful) aren’t immune to fact checking anymore now that he took over and hopefully certain events will not be changed based largely on censorship on such a large platform, as it has in the past under prior ownership
 
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I’d be lying if I said I knew, but for someone who desired to grow something, his decisions have been puzzling, no?

I think he is a guy that is good at one thing and thought he could be good at other things. He is in over his head and flailing
 
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