• TWeaK@lemm.ee
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    8 months ago

    but I have yet to hear someone clearly articulate why poopoobrain over there would do something so dumb intentionally.

    Because it distracts from the fact that leveraged buyouts are almost always meant to kill the business in the long run, and such distraction reduces the chance of regulation against the practice. People don’t think Twitter is failing because it had $13bn of debt it could never afford, they think it’s failing because Musk is a poor businessman. That isn’t to say Musk is a great businessman acting like a fool, rather, he is a clown acting like a fool.

    I think if Musk had made a genuine effort to buy Twitter there wouldn’t have been so much debt saddled onto the business. Musk was forced to make the purchase, but the nature of the purchase has subsequently been tailored into sinking the ship. One of the first things they did was stop paying rent - if this wasn’t a sign of a business doomed to failure I don’t know what is. The business will die a death, and everyone it owes money to will be left fighting over the ashes.

    • TWeaK@lemm.ee
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      8 months ago

      Stop X permanently. The lawsuits are massing up, and the value of the business has nearly dropped such that the $13bn debt is bigger than it. They had little hope of paying even the interest before Musk started intentionally tanking their revenue. He knows that the business will never have to pay up, hell they’re not even paying rent on their offices, and he’ll get away with the crime Scott free because it’s a limited liability company.

      And make no mistake, that was the plan all along. Destroy a private business cum public forum that served the public good, and on the way out see what controversial actions they can get away with. That way any site that comes to fill the void can do the same. His old mate Peter Thiel will likely be pleased, along with a bunch of other unscrupulous people.

      • thecrotch@sh.itjust.works
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        8 months ago

        Destroy a private business cum public forum that served the public

        It’s amazing to me how much people have rewritten history since musk took over. Twitter was always shit. It’s worse now, yeah. A lot worse. But it’s like taking a shit on a smaller pile of shit. All this talk about how it was a real boon for humanity and so important it should be regulated as a utility is equal parts idiotic and hilarious.

        • TWeaK@lemm.ee
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          8 months ago

          It’s shit, but it had significant uses. Namely, getting breaking news from trusted journalists, and speaking directly to businesses for consumer support when other methods typically went unanswered.

          That’s not to mention the Arab Spring. Sure, significant change that people had hoped for didn’t follow through, but it still spooked them enough that one of the incumbent leaders helped buy the website to undermine it.

          Also, when you compare it to Facebook it certainly was better. Even reddit was better, then followed it down the drain.

          • Sage the Lawyer@lemmy.world
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            8 months ago

            I get the feeling (I wouldn’t really know, haven’t been there in months) that Reddit is still significantly better. Sure, it’s worse now, but it still has active communities on pretty much any topic imaginable. Lemmy is on its way, but won’t be there for a few years I think.

            • TWeaK@lemm.ee
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              8 months ago

              There’s some genuine communities lingering on, but almost all of the larger communities have become part of the power mods’ “projects”.

              • Daft_ish@lemmy.world
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                8 months ago

                I was shook the other day when I stopped by reddit and saw, “just a normal day in russia” at the top of the front page. As Americans we need to give up on the idea of a non-political social media because it always gets co-optd into some psy-ops bullshit.

        • Daft_ish@lemmy.world
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          8 months ago

          I 100% agree it was shit. Sometimes though, that shit fertilized real growth.

          That said, lesson shouldn’t be, “we need twitter.” It should be, let’s populate similar platforms so we can have this resource in the future.

      • antonim@lemmy.dbzer0.com
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        8 months ago

        served the public good

        Yeah, nah. For a start, if one website could be singled out for bringing Trump into power, it wasn’t any of those icky extremist places such as 4chan, 8chan, r/trump - it was Twitter where he posted his garbage for literal years with no interruption and thus gained a massive following. The site practically lived off his controversial diarrhea.

        • TWeaK@lemm.ee
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          8 months ago

          You could say the same about reddit in a large part. 4chan was a free home, Twitter was a megaphone, but reddit really encouraged the infestation to gestate.

          Also it wasn’t r/trump, but r/the_Donald, as well as all the spin off astroturfed subs.

      • archomrade [he/him]@midwest.social
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        8 months ago

        I don’t disagree this is a possibility, but I have yet to hear someone clearly articulate why poopoobrain over there would do something so dumb intentionally.

        I find it so much more compelling that he’s just a divorce-brained middle-aged dumbass with a megaphone and billions to dig his own grave. That he was forced to buy Twitter after waving his dick around in public and has been trying to save his reputation ever since by pretending that it’s all a part of his plan to amplify the right voices to ‘save humanity’.

        I’m not saying he isn’t brain-broken enough to believe it himself, but I don’t think he ever really had a plan. I think he’s a sad, lonely billionaire going through the worlds biggest mid-life crisis.

  • Dyskolos@lemmy.zip
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    8 months ago

    Why does anyone still use this pile of crap anyway since the kid took over?

    • givesomefucks@lemmy.world
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      8 months ago

      Pretty sure users have mostly left.

      Companies and public figures keep using it, because for most of them it’s just some intern or bot that was posting.

      It takes a while for social media to finally die because of that. They’ll just stumble on like a zombie for like a decade.

      The only way it’ll happen faster, is if people loudly boycott anyone that’s still using it. But with 99% of social media sucking ass, there’s not really a place to do it from where companies and public figures will hear it.

    • cm0002@lemmy.world
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      8 months ago

      Don’t insult children like that, kids would have made way better and funnier decisions lmao

    • Dem Bosain@midwest.social
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      8 months ago

      I’m still there because I like to know what the crazies think about stuff. It’s still entertaining in its own way. For example, did you know there are business experts on Twitter even smarter than Tim Cook? It’s true…

      • TWeaK@lemm.ee
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        8 months ago

        Scott Adams needs to hide away in his Dilbert shaped house, never to be heard from again.

    • Thorny_Insight@lemm.ee
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      8 months ago

      For the same reason I started using it in the first place. Elon taking over haven’t changed my user experience in any way. It’s the same it has always been. Ironically enough it’s also the only social media platform where my feed is 99.5% free of politics or talk about Elon.

  • HeyJoe@lemmy.world
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    8 months ago

    The only part I hate is that real people have and will lose their jobs due to 1 person that treats this entire situation like a kids game.

    • ubermeisters@lemmy.world
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      8 months ago

      Thosee people honestly took that risk working for that company. I don’t go work for Walmart then cry about it killing small towns, kinda thing.

      • NAK@lemmy.world
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        8 months ago

        He bought Twitter.

        There are plenty of people who were affected by that

          • anon232@lemm.ee
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            8 months ago

            They downvoted him because he spoke the truth. I have no sympathy for anyone choosing to work at X or Meta. If you knowingly work at these companies, knowing how they’re run and what they do, you’re a piece of shit. These people are only there to try to boost their own careers, but they’re still participating in the efforts against society that these companies impose.

            I dont want to hear about how “Twitter was bought out! What would they do?” Fucking quit, that’s what you do. I’d rather work at McDonalds than have Elon as my CEO.

            • ubermeisters@lemmy.world
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              8 months ago

              Meta tried so hard to recruit me. It was HARD to say no. They have amazing facilities, fucking nice ass games everywhere, amazing pay, free food everywhere you look…

              and they destroy democracy and freedom more everyday. But I can actually still sleep at night with my low wage somehow… wierd.

              This bullshit “grindset”, “do whatever it takes to give me.and mine what we know we deserve” is a subversive mental plant that’s been growing as a seedling from the first time you saw a TV commercial with happy kids playing with better toys than you. And it’s all bullshit. News flash, you and yours aren’t special and you don’t deserve anything extra. However, we we all collectively do deserve better. Just not individually. It’s a grand lie and these morons keep conflating it.

              You don’t NEED that job at X, or Meta. You WANT it, because you think you’re special and have earned the right to harm the world that tiiiiiny immeasurable amount, so you and yours can get thier cake. It’s a lie, and we all deserve cake. Don’t skip the line.

            • Kilgore Trout@feddit.it
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              8 months ago

              > I’d rather work at McDonalds than have Elon as my CEO.

              > If you knowingly work at [McDonald’s], knowing how they’re run and what they do, you’re a piece of shit.

              Seems I can apply this to everything.

              • anon232@lemm.ee
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                8 months ago

                To my knowledge, McDonalds isnt trying to upend our democracy, nor are they inciting Nazis in their restaurants as well as discriminating against other protected classes. Yeah their food sucks but at least they aren’t causing the downfall of society.

        • ubermeisters@lemmy.world
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          8 months ago

          What if this? What if that? What if the sky falls??

          edit: listen, alright, the HB-1 worker system has been fucked for a long time and needs a serious, honest overhaul, these massive companies are abusing the shit out of it, and not ever intending to provide permanent positions etc, I see it all the time. Write your congressmen and ask for them to provide relief funding for victims of HB-1 employer-side contract abuse or whatever its going to wind up being called. They absolutely deserve better, and its FUCKED to trick people into working for cheap and ship them back off to a worse life when the time is up. But that takes time. So you better get moving, because twitter is a falling tower already, with or without my apparent egregious sentiments.

      • agent_flounder@lemmy.world
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        8 months ago

        Nearly all companies are cash-chasing shitholes. The real problem here is the disparity of wealth between top and bottom.

  • blind3rdeye@lemm.ee
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    8 months ago

    “Exclusive”, at least the forth version of this story I’ve seen today.

    • Ranvier@sopuli.xyz
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      8 months ago

      So they can start advertising on it again in two weeks when people aren’t paying as much attention again, duh. Just like when all those corporations stopped donating to insurrectionist Republicans, for about three seconds.

    • s_s@lemmy.one
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      8 months ago

      They could remove the app from their app store if they cared.

      This is practically nothing compared to doing that.

      • lorez@lemm.ee
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        8 months ago

        You’re asking a corporation to care for human values when its only purpose is to generate revenue…

  • Jaysyn@kbin.social
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    8 months ago

    Just a pause? Planning on hanging out with the #fascists a bit later maybe?

    Between this & the Jon Stewart / China bullshit, I’m so glad I never gave Apple’s e-trash a second thought.

  • db2@sopuli.xyz
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    8 months ago

    Musk being an utter waste of skin isn’t an exclusive.

    • raptir@lemdro.id
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      8 months ago

      Okay.

      Jewish communties have been pushing the exact kind of dialectical hatred against whites that they claim to want people to stop using against them.

      I’m deeply disinterested in giving the tiniest shit now about western Jewish populations coming to the disturbing realization that those hordes of minorities that support flooding their country don’t exactly like them too much.

      You want truth said to your face, there it is.