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Hopefully, yes.
I honestly think that he doesn’t have to face consequences like normal people because he has enough money to make problems go away. He can be an awful person in interviews, and mean his words too, then even bankrupt his company, and you know what? He will continue being excessively rich.
His money could be used to fix so many issues en masse. It’s disgusting that he chooses not to do so every day.
He has wealth, he has to dip into selling stock to have “money.”
I don’t disagree otherwise, but when your wealth is in the companies you own, you pretty much have to sell the whole shebang in one go (what Musk reportedly tried to do with Apple, offering to sell them Tesla as a whole) or selling it piecemeal, by selling off portions of stock (which he does fairly regularly for cash infusions).
His wealth will surely insulate him for quite a long time. However, it is not a permanent insulator, and he has made a series of, let’s say, questionable decisions. It’s very likely that it will either take decades for it to really hurt him, or that it just may make him far less wealthy, but still wealthy enough to be annoying.
We’re also at a precipice, because the kinds of things that he is saying were the kinds of things that used to get you shitcanned from the business community as a whole. Nobody would do business with a virulent anti-semite. It’s one of the reasons Musk bought Twitter, really, because they are busy normalizing positions like anti-semitism.
The normalizing of his hate will actually get him farther, longer, than his wealth.
If the guy has his money “tired up in assets,” and this is your way of saying that he shouldn’t pay taxes, then I have a bridge to sell you.
Literally don’t know why you’d take that away from my comment. We need a wealth tax.
His money could be used to fix so many issues en masse. It’s disgusting that he chooses not to do so every day.
Pretty sure he posted on twitter a couple years ago about how if someone credible provided a plan to solve world hunger for 6 billion dollars, he would sell Tesla stock and just do it, to which the UN responded with a detailed plan. However, Musk pretty much ignored them, no acknowledgment (as far as I know) and no money donated.
Using the money to fix issues in the world and making it a better place is not a part of his politics.
Life without is better. I left over a year ago. No drama, no loss, no issues. Twitter is not family
“I don’t have any theories that make sense,” Paskalis says. “There is a revenue model in his head that eludes me.”
You don’t need a complex business model for this to make sense. The man has had “fuck you money” his entire life. Things are finally not going his way and he only has one way to respond… by saying “fuck you” to the people he doesn’t like.
Pretty much. I understand the impulse to think he has to have some secret plan, some rational explanation for his behavior. I used to think the same thing, that there was some way he would actually make money from destroying the company, but no. No, he’s just an impetuous, impulsive idiot who tricked himself into having to buy the company at meme stock prices, and is going to burn the whole thing to the ground purely because he is, in fact, a dumbass.
That impulse is similar to the impulse I see in conservatives when they claim Trump has to have a plan. “he’s eluded prison time his whole life!” “He managed to become president!” Etc. Like. They insist there’s a method to the madness. That method is that he shouts down anyone who tells him he’s wrong and sells everyone else bravado. That’s it.
It turns out that the most unrealistic part of “The Emperor has no clothes” was the crowd realizing after the child points it out that they’ve all been fooled.
The crowd will chastise the child and throw the child out of society for asking such a stupid question, or for making the emperor look foolish.
Yeah. Most people, especially in the establishment press, don’t know or pretend to not know that this is the first time he’s actually shaping how a company is run rather than pay someone else and then take credit for their work like he’s always done.
Everything went well when he pretended to be Tony Stark inventing and designing every part of his companies while others did it all much better than he ever could.
Now that he’s publicly making actually meaningful (as in they have a big impact, not as in them making sense) decisions, he’s showing the world that he’s just an extremely impulsive malignant narcissist 52 year old manchild who desperately craves to be seen as cool and edgy by young people.
The sooner the better.
I long for the headline “self driving Tesla runs over musk”.
Self driving teslas only run over kids and POC
Point of contacts?
Replace self driving with sentient and runs over with repeatedly crushes
Lots of folks are killed by their own baby. The fellow behind the Segway died while “touring his estate” on his. Bump over a root and into the drink and drowned.
We’re scheduled to find out.
The fact it hasn’t imploded a long time ago is proof that digital platforms need to be regulated to enforce interoperability.
Since this shitshow started, I have not heard from anyone that wanted to be on Twitter. In anything resembling a free market, these customers (both advertisers and users) could freely go to a competitor.
But due to the way platforms work, no one can compete, once a dominant platform emerges. A platform has a monopoly on all the things people built on top of the platform (content, software etc.). This monopoly kills the free market. Enforced interoperability would reduce this platform effect and help out competitors.
The EU is starting to tackle that, with the Digital Markets Act, but very few companies are targeted so far, even though the whole industry is plagued by quasi-monopolistic platforms that are universally agreed upon to be trash.
That’s a seriously interesting idea. For context, I’m a middle-aged, Southern, American white guy. “FREE speech! CAPITALISM!”
“That how dad did it, that’s how I do it, and it’s worked out pretty well so far.” ~Tony Stark.
High time to start looking at ideas like yours. If Europe and California have to impose these things? So fucking be it.
Might make me uncomfortable, might not understand it completely, too bad for me. I will vote for the world I want my children to live in. They’re 8 and 10, I’m 52. Done my time, coasting out. Y’all’s turn.
And if you want to hold forth on the notion of “enforced interoperability”, I’m listening.
That’s called regulation, and is supposed to happen.
We have a problem of regulatory capture, plus these platforms acting like both publisher and platform with no courts taking them to task for it (applying the regulation).
Sure, yeah. The way I imagine this would work out best for humanity, is if companies are forced to open up platforms they provide, when they have e.g. more than 40% market saturation with that.
Most small platforms will want to strive for interoperability with the dominant platforms anyways, so this threshold is just to keep the burden of regulation low.
In practice, this might mean that Twitter would be forced to allow federation with Mastodon.
Or that Microsoft is forced to open-source the code for the Windows API.
Or that Reddit is blocked from closing up their third-party API.Ultimately, I don’t think, it even needs to be as concrete. I feel like even a law stating that if you’re providing a platform, you need to take special care to keep competition alive (along with some detailing what this entails), and then leaving it up to a judge to decide, would work.
The GDPR is implemented like that and while most larger companies are IMHO in violation of the GDPR, I also feel like most larger companies actually did go from atrocious privacy handling to merely bad privacy handling, which is an incredible success.
That’s effectively all I’m hoping for, too. That dominant platforms can’t just stagnate for multiple decades anymore. That they do have to put in at least a small bit more effort to stay in that dominant position.
Morally or financially?
Both, right?
Pretty sure it’s an inevitability at this point and Musk knows it, which is precisely why he’s fueling the flames of the whole ad situation. Since the whole controversy are both about the Jews (as in antisemitism) and advertisers, they can be blamed for the death of the platform instead of business decisions by Musk.
There’s also the possibility that some right-wing billionaires who really love to spread their propaganda using twitter are going to buy the company or bail it out or whatever, but that remains to be seen
Wasn’t Musk a right wing billionaire who loved spreading their propaganda
Past tense, apparently.
He used to be a right wing billionaire who loved spreading his propaganda. He still is, but he used to be, too.
Not for much longer.
What is it about him, that makes him look like an asshole? It can’t just be his eyes being too close together, can it?
For me, it just looks like he has a certain coldness in his eyes. It’s not a dead or vacant look, it’s just the way a smile, or any other facial expression for that matter, just doesn’t seem to make it to his eyes. There’s obviously life and intelligence there, but it’s not a friendly intelligence. I pulled up the most lizard-man pictures of Zuckerberg for comparison, and even at his most robotic, his eyes still look human. Like there’s some capacity for empathy in there somewhere. With Musk? His eyes just don’t quite read as human to me in an uncanny valley sort of way.
The eyes of a fucking aristocrat, care for nothing more than power. No ideals, no kin, no kith. Just a hunger for power for powers sake.
It doesn’t help that he’s got this vibe undulating off him, you know the one-- evil, narcissistic, oligarch dork, trying to look cool but failing miserably because it’s impossible to be cool when you’re anywhere remotely close to as big of a dickbag as he is.
The honest answer is mostly because you are seeing bad photos of him, since Lemmy loves to hate on him and all articles hating on someone love to shoe bad photos. If you look up positive/neutral articles he looks much better.
You mean older photos? Publicity photos? This is the equivalent of “you have been fooled by the media into not liking Trump/musk/whoever!”. For one, this is the photo from the BBC article, not one selected by someone on Lemmy. Then, anyone who watched the video of his ‘interview’ last week can see for themselves he’s looking much worse than he did a couple years ago, and fairly terrible overall.
His potion is wearing off and he’s begun to metamorphosize back to blob form
Yes
Go F Yourself meltdown is probably the final nail in the coffin. It does seem like space nazi knows it’s doomed. Anyone know what happens when bankruptcy happens? Does creditors take over the company? Does he get sued for negligence? Does it get sold to a highest bidder for pennies on the dollar? I’m hoping someone can enlighten us.
Go F Yourself meltdown is probably the final nail in the coffin.
I’ll believe it once they’re actually bankrupt. So many things have been predicted as “killing” the company in the last year yet somehow they’re still going and millions and millions of morons/addicts are still using it.
It doesn’t matter how many people use the service, what matters is how many advertisers are left vs how much debt twitter has to service.
Those two numbers seem to be heavily on the side of the debt now.
Yeah. About 47% of all internet traffic is bots and that number seems to be growing year over year. Twitter does still need people to serve advertisements too. So the number of people who continue to use the service does matter. But because it’s directly correlated to the amount of advertisers who will continue to support the platform by paying Twitter to run the ads. But I do think you’re correct. The debt is what will cause problems if advertisers keep bailing. Twitter hasn’t been paying any of its bills.
The first kind of bankruptcy, Elon & his Saudi bros keep the company, and the banks lose like 50-90% of their loans.
The second kind of bankruptcy, the banks get all the servers and office chairs and sell them to either a new data-mining company or a recycler. This isn’t very likely, because most of the value of Xitter is all the people who keep visiting, regardless of whether Elon knows how to monetize them.
Does it even matter? Twitter is a cesspool! It only has 1500 employees. In the grand scheme of things there will be negligible economic backlash from this company going under.
Nobody really cares if Elon loses all that money and the 1500 employees will be able to find employment elsewhere.
It’s not the economic side of twitter that matters, but the informational aspects of the network which are now lost, that is the sad thing. It was used by many journalists and other important peer groups as a live news source for which there is currently no equivalent replacement.
I completely agree. Thanks to Elon it would be better to take this horse out to pasture at this point.
Was it ever profitable? I always thought twitter was always in the red and the only time it made money was when it sued Elon to buy it due to his arrogance and coz it minupilated the stock prices on twitter.
Twitter made some profit in 2018 and 2019: https://www.businessofapps.com/data/twitter-statistics/
They claim to be on track to make another profit year in 2024. Remains to be seen. In a way, now that Elon owns it alone, it’s not as vulnerable to quarterly economics that public companies are. But of course it cannot bleed money forever.
They claim to be on track to make another profit year in 2024.
I’d give better odds to me becoming the king of Thailand in 2024.
It almost certainly will. Dude’s a fuckin’ dipshit.
