MargotRobbie,
@MargotRobbie@lemmy.world avatar

On the other hand, I think the people at Tesla/SpaceX are probably very happy that Elon has his hands full with Twitter right now.

BaumGeist,

Translation: “I’m terrible at business, and I’m making it everyone else’s problem”

Valmond,

Not losing money, just having “negative cash flow”.

BaumGeist,

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

Gyella,

Only 50 more percent left to go!

Uniquitous,

50% is just what he’s admitting to. Not sure how easily that number can be verified, but if someone told me that the actual numbers were much, much worse… I wouldn’t bet against them.

Bdi89,

It’s impressive how quickly and severely he fucked up what was once a successful tech giant!

drathvedro,

I disagree. Twitter was already going under even before he took over. In fact, it was doomed from the beginning as one of the uber era “grow valuation, think about revenue later”, hoping to exit someday by selling it to some rich megalomaniac, and actually, they’re the ones who succeeded.

esty,
@esty@lemmy.ca avatar

and now he’s doing the same grift with bluesky

febra,

Good. Twitter is a cess pit.

regeya,

I was looking at Twitter earlier, and my feed was full of antivaxxers, election deniers, some anti-abortion activist that claims that Planned Parenthood is involved in sex trafficking, and even 9/11 deniers.

Twitter is a dead man walking

jordanlund,
@jordanlund@lemmy.one avatar

Has he tried not fucking up the platform yet?

baggyspandex,

And no interest in thinking about why they’re down ~50% in advertising revenue.

Chocrates,

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,

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.

Idea1407a,

Pravda Social? I thought that was Twitter.

arensb,

“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,

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.

HikingVet,

There is a extremist group in the states called The Base. Ultra right wing fascist shit.

randomTingler,
  • 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.

traveler01,

Honestly my wild guess is that he’s trying to make Twitter profitable from subscription based services and not so much from ad revenue.

Can’t really have free speech if platform depends on advertisers and investors.

AChiTenshi,

Perhaps. But a rather large issue arises when your content is generated primarily by users who wouldn’t want to pay for a service.

There is also the issue where if you are having to pay to get around interaction limits is it really free speech? Or just limited to those that can afford to pay?

traveler01,

I think these limits were increased to a point where they are not really bad or they were removed. The point of them was to prevent scraping to train AIs

Techmaster,

Imagine using Twitter to train AI. “Why is my AI such an asshole!?”

EuroNutellaMan,
@EuroNutellaMan@lemmy.world avatar

He doesn’t really care about free speech. Just his opinions. (He is shadowbanning Ukrainian accounts btw)

traveler01,

Which accounts?

QuazarOmega,
  • changes URL to nitter.net
antonim,

Didn’t work when they blocked non-registered visitors.

kameecoding,

medium started doing the same shit, sometimes it has interesting articles I’d like to read, but then they started putting in behind registration so I just no longer open medium links.

const_void,
@const_void@lemmy.world avatar

Hell, medium should be paying me to read them

tswerts,

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.

thepianistfroggollum,

Please don’t turn this community into another Musk news ticker.

chickenwing,

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.

MargotRobbie,
@MargotRobbie@lemmy.world avatar

In tech, “disruption” is another word for “skirting regulation before the law catches up”.

randfur,

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

kep,

Nobody is talking about it, but does that advertising exec that Musk hired for CEO take a massive hit to her career for any of this?

It seems surreal to have a ghost CEO who isn’t responsible for anything such a large company does. But that’s exactly what’s happening here.

offbyone,

Maybe, but there’s a market out there for CEOs who are willing to take the blame for some unpopular decisions and then walk away. There’s also something to be said that “-50%” might actually be an improvement over where it was before she was hired, and the bad decisions weren’t hers.

kep,

But that’s the thing. She isn’t taking the L on this. That’s my point. She seems to just be chillin’, doing fuck all. Everyone knows it’s Musk running it.

This isn’t a case where he needed to bring in a fall guy CEO for a difficult business choice. This is a case where he brought in a new CEO to literally save the corporation, and she’s doing nothing and nobody is blaming her. It’s surreal.

Holyhandgrenade,

Hmm maybe putting in rate limits, thus greatly reducing the amount of time people spend on the app, isn’t the best strategy for a platform whose main source of revenue comes from advertising?

Catma,

I think there is like a 1% chance rate limits were an actual thing. It really feels like someone fucked something up, caused the issue and the “rate limits” were how Elon decided to try and play it. Then “increasing” the limits multiple times to completely illogical values was the system slowly coming back up. Elon increasing that limit makes him look like he is listening to the users and thus the good guy.

I have not seen anyone complain about rate limits since the day it happened. Other than jokes has anyone seen or heard of the issue?

I would say a company suddenly introducing a major policy change like view limits with no warning is beyond stupid but then again it is Elon who seems to believe he is God’s gift to tech.

ritswd,

Yup it’s been real. piquenewsmagazine.com/…/bc-government-hit-tweet-l…

The rate limits are because serving such a service at scale without the user noticing requires continuous innovation to get through scale bottlenecks; but with the engineering team greatly reduced, a lot of that work isn’t happening anymore. Typically, you’d get through those bottlenecks by coming up with some heuristics that make it seem like the service is doing a ton, when really it only needs to do little (like by sharding data, or by pre-caching a bunch of stuff). Without anybody to work on those heuristics to fake things, you gotta restrict with real restrictions.

Source: that’s what I do for a living. I’ve been working on some of the highest-scale services out there for over a decade.

01189998819991197253,
@01189998819991197253@infosec.pub avatar

Maybe… I don’t know, just throwing ideas out there… you shouldn’t have Musked all over Twitter nor fired its core developers? Again, just thinking out loud…

Corkyskog,

Or saddled the business with 10 billion in debt? Shit is like an ouroboros…

LillianVS,
@LillianVS@lemmy.world avatar

Not even just that… Alienates all potential leftwing/brand friendly advertiser’s through changes and being the spokesperson for the platform.

“We’re down 50% how could this have happened???” - Elon Musk

Dude needs to stfu, make an alt account. He has chosen to be the spokesperson for the platform. Spouting off conspiracies and controversial takes. You can’t be surprised nobody wants to associate with him.

He is a liability and a brand risk. Sure he can have his opinions but here is the problem…

He has chosen to be extremely public and force those opinions onto the average consumer feed due to his narcissistic tendencies and it is biting him in the ass.

No sympathy. He wanted free speech, (albeit it isn’t because he is okay as long as it doesn’t criticise him or his affiliates.) now he has his free speech platform but in the same way advertisers can chose not to engage with it.

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