Oso planning to go pro
I thought this was good though.https://www.theatlantic.com/ideas/archive/2022/04/elon-musk-buys-twitter/629675/"Twitter is one of the most important products in the space of information. In the news discourse, Twitter is very often the straw that stirs the drink. But it’s a terrible business, which has lost $861 million as a public firm and reported a profit in less than half of its earnings calls since going public in 2013. It’s also bafflingly torpid at innovation. The direct-message functionality has been updated sluggishly. The Trending Topics section is the strangest piece of real estate on the internet, where pile-ons jockey for space with bizarrely insistent attempts to get me to learn more about Zendaya’s red-carpet look.Why is it such a bad business? I’m not sure, exactly. But consider the fact that, at the board-of-directors level, Twitter is basically run by a bunch of people who never use Twitter. If I told you that a restaurant was run by chefs who never taste the food, you might say something like “It sounds like the food might have a lot of problems,” or “I’ll bet the diners constantly complain about it,” or “I suspect that repeated requests to change the menu are met with relative indifference,” and guess what, all of that is more or less true with Twitter.I don’t want to suggest that zero Twitter engineers and product managers are on Twitter. Many are, and I know some of them personally, and they’re fantastic. My point is that corporate leadership matters, and it might be nice to have somebody who cares lovingly for Twitter to be in charge of Twitter—if for no other reason than to do something about that infernal Trending Topics box. Musk’s love of Twitter is beyond doubt. His ability to transmute that love into nifty app updates for power users is less certain."
I predict that twitter will diminish and a different platform will pop up to replace it. One with the rules and guardrails in place from the beginning. It will take a few years.Or else Musk will get bored and sell it. I do not view Twitter in its current form and Musk as a long term relationship.
I am just a shlub on a message board. All of my stuff is in mutual funds, so I do not consider myself an expert. Do not make any decisions based in my opinion.
Mr. Market does not appear to like the fact that Musk is using Tesla as collateral for his Twitter buy.TLSA down 7.7% to $921 as I write this.
At what point in time do you believe Twitter was great?
TSLA is just starting on of its semi-regular round trips from $1k to $750 and back. I'm convinced it's manipulated somehow to extract a little gain up and little gain down and the brokers to pull commissions to make it happen.
Its a rangebound stock that still has extreme volatility despite being a huge market cap, and is very news centric. All of that makes it absolutely ripe to be controlled or manipulated around to destroy retail. Especially when there are huge segments of retail that both think its going to $2K/5K/10K and segments that think its going to sub 500/sub 100/0. So the extreme option market is very robust. Its just a crazy ticker to follow.Yea I don't see that happening. Its been a preeminent communication and news platform for well over a decade. Which is like 50+ years in internet years. I think all thoughts about Twitter's demise revolve around people that don't like Musk in some fashion. People have bitched and complained about Twitter and changes it needed forever...and still use the app constantly.As some have mentioned, lost in all the noise is the complete lack of effective monetization. You have one of the most visited and impactful websites, much less social media vehicles, and its so underutilized in any meaningful money making way. Its founder and former CEO thought it was a good and feasible idea to be CEO of 2 public companies at the same time.Musk may be many things, but he's not an idiot and he knows how to make money in the internet realm. And he LOVES Twitter. He's not going to run it into the ground or trash it. I think a likely outcome is relatively minor interface/usage changes are made, it becomes better monetized/more profitable/etc... and is brought back public in the next 2-3 years.
TWTR currently trading at $48.32. Seems like the believers should dump all of their retirement into the stock and make a quick 15% when Elon buys it.
From Yahoo Finance:At an all-hands meeting at Twitter on June 16, its prospective owner, Elon Musk, reportedly called free speech "essential." The very next day, reports emerged that the Tesla CEO fired three employees of his other company, SpaceX, after they helped distribute an open letter criticizing his behavior.The decision by Musk doesn't just highlight his thin skin. It also reflects the fact that being a self-proclaimed "free speech absolutist" just isn't practical. While Musk has said he'd make free speech a key part of Twitter if his planned $44 billion deal to buy it actually goes through, most experts agree that tech platforms need at least some regulation.
Well, they did have non disparagement agreements in their employment contracts, so there's that.
Sure. But don't say you're all about free speech and then severely punish somebody for speaking freely.What Musk meant is that he's all for free speech as long as he doesn't mind what's been said. That makes him similar to lots of others who claim to be advocates of free speech, regardless of where they reside on the political spectrum.
You literally just ignored the point about non-disparagement. I welcome people within my company speaking freely, expressing ideas, and concerns. I particularly encourage it with my team in India where culturally thats not as accepted and they have some hesitation. But if I found out someone in my company or on my team was openly talking sh** about me or the company, especially putting it in print, I would be very inclined to toss them. Free speech and professionalism are 2 different things. Making demands while calling the founder an embarrassment is just stupid and would get you sh**canned in many many places. As people love to say, free speech doesn't mean freedom from consequences of that speech.
I do not view Twitter in its current form and Musk as a long term relationship.