Twitter 3.0

[Hards Alumni]

For the legal folks. Does Twitter open itself up to legal liability in any of this. Twitter is "authenticating" these users as the legitimate people/companies that are unknown with the blue checkmark.

But they didn't do their due diligence, negligently authenticated them, and those entities then ridiculed/embarassed the well known figures/companies.

I doubt it.

[Uncle Rico]

I doubt it.

I just hope no one impersonates Devin Nunes cow

[The Sultan]

https://twitter.com/littlebear36_/status/1590831728393953281

1. The last 48 hours on Twitter have been amazing.

2. This is exactly why advertisers are running away.

[MU82]

From Seeking Alpha:

Elon Musk didn't rule out the possibility of bankruptcy at an emergency all-hands meeting on Thursday. "The economic picture ahead is dire," he told Twitter staffers, adding that the company had "net negative cash flow of several billion dollars" (though he didn't specify over which time frame). Musk also clarified that his recent sales of Tesla stock, worth nearly $4B, were done in order to "save" Twitter.

I guess that kind of thing doesn't fall under rules about his fiduciary responsibility toward TSLA shareholders.

[The Sultan]

Goldman Sachs will own this by January.

[pbiflyer]

https://twitter.com/donie/status/1590758268560777216?s=46&t=viwARgOCgQIdXqUS4xAyHQ

Twitter has verified Jesus Christ.

If they delete him, he will just come back three days later.

[Skatastrophy]

The Twitter blue check for $8 has been cancelled

https://www.reuters.com/technology/musk-says-his-companies-will-remain-well-positioned-2023-2022-11-11/

Customers will be doing chargebacks due to undelivered products or services. I suppose today is the day that Elon learns what payment processors do to you when your business receive a lot of chargebacks.

[Jockey]

Seeing how quickly one can go from visionary to laughingstock.

[TAMU, Knower of Ball]

The Twitter blue check for $8 has been cancelled

https://www.reuters.com/technology/musk-says-his-companies-will-remain-well-positioned-2023-2022-11-11/

Customers will be doing chargebacks due to undelivered products or services. I suppose today is the day that Elon learns what payment processors do to you when your business receive a lot of chargebacks.

What an interesting exercise in capitalism. Usually when a company makes a change that customers don't like, they vote with the dollar and stop using the company's product.

In this case, they bought the companies product and abused it until they had to change it back. *Chefs kiss* No notes!

[forgetful]

Seeing how quickly one can go from visionary to laughingstock.

The man claims he is founder of two companies he didn't start. He has an ego unmatched by many. He had no business trying to lead a social media company.

Sadly, this should have been expected as his ego would get in the way of how to run social media, which is decidedly not a Tech company, and requires nuanced understanding of people, not things.

[Hards Alumni]

The Twitter blue check for $8 has been cancelled

https://www.reuters.com/technology/musk-says-his-companies-will-remain-well-positioned-2023-2022-11-11/

Customers will be doing chargebacks due to undelivered products or services. I suppose today is the day that Elon learns what payment processors do to you when your business receive a lot of chargebacks.

Absolutely fit for clown shoes.

[JWags85]

The man claims he is founder of two companies he didn't start. He has an ego unmatched by many. He had no business trying to lead a social media company.

Sadly, this should have been expected as his ego would get in the way of how to run social media, which is decidedly not a Tech company, and requires nuanced understanding of people, not things.

TSLA was 6 months old with no products and no sales and 3 employees when Musk invested and basically took over.  There is a reason Musk, and Straubel who joined after him, are called co-founders with the others.  There wasn't a company without them, even if they didn't file the incorporation papers.

There are plenty of valid reasons to dislike and criticize Musk, but zeroing in on minutiae like that or claiming he's not that smart are the most silly axe to grind sort of things his ardent opponents do.

[Spotcheck Billy]

Too soon?

[jficke13]

I doubt it.

Edging closer.

[Jockey]

Interesting conversations between Musk fanboys and Musk haters.

But I think two things are true.
1. Musk has made the world a better place.
2. Musk has made the world a worse place.

[JWags85]

Interesting conversations between Musk fanboys and Musk haters.

But I think two things are true.
1. Musk has made the world a better place.
2. Musk has made the world a worse place.

I absolutely agree.  Its an interesting duality in someone notable/powerful/etc... that people seem to struggle grasping.

1. Musk is an incredibly successful and innovative businessman
2. Musk has been immeasurably bad at executing a short term "quick fix" for Twitter

1. Musk is very intelligent and thoughtful
2. Musk, like all humans even very very smart ones, does incredibly dumb things (his are just front and center and amplified by hubris)

Hell, you could do the same with TSLA the car company.

[MU82]

TSLA was 6 months old with no products and no sales and 3 employees when Musk invested and basically took over.  There is a reason Musk, and Straubel who joined after him, are called co-founders with the others.  There wasn't a company without them, even if they didn't file the incorporation papers.

There are plenty of valid reasons to dislike and criticize Musk, but zeroing in on minutiae like that or claiming he's not that smart are the most silly axe to grind sort of things his ardent opponents do.

Agreed.

As a TSLA shareholder, I'm not thrilled that he spent tens of billions of dollars on a failing company out of spite and hubris. He didn't even want the damn company, and now he's got both a financial albatross and a political clown-show on his hands.

But what he's done with TSLA has mostly been remarkable (which is why I've been an investor for years), and in many ways he has been a visionary.

Still, he's a rich, famous egomaniac who wants to be worshiped and who doesn't like being told "no." So he'll naturally be hated by millions, too.

A real interesting guy. It would be great if somebody with true insight into him wrote a book or made a biopic.

[Hards Alumni]

Agreed.

As a TSLA shareholder, I'm not thrilled that he spent tens of billions of dollars on a failing company out of spite and hubris. He didn't even want the damn company, and now he's got both a financial albatross and a political clown-show on his hands.

But what he's done with TSLA has mostly been remarkable (which is why I've been an investor for years), and in many ways he has been a visionary.

Still, he's a rich, famous egomaniac who wants to be worshiped and who doesn't like being told "no." So he'll naturally be hated by millions, too.

A real interesting guy. It would be great if somebody with true insight into him wrote a book or made a biopic.

44 billion dollar lessons are hilarious.

[jesmu84]

https://twitter.com/rafaelshimunov/status/1591133819918114816?t=_y5uX9xyfu0cAMaJ5_-vmQ&s=19

Whoa

[Jockey]

https://twitter.com/rafaelshimunov/status/1591133819918114816?t=_y5uX9xyfu0cAMaJ5_-vmQ&s=19

Whoa

free speech is great!!

[Uncle Rico]

free speech is great!!

It is pretty gross how expensive insulin is. 

[pbiflyer]

https://twitter.com/rafaelshimunov/status/1591133819918114816?t=_y5uX9xyfu0cAMaJ5_-vmQ&s=19

Whoa

Lockheed Martin too!
https://twitter.com/litcapital/status/1591172069965713409?s=20&t=OMUOzvLN-QR4-SdStU9Bxw

Takes someone pretty special to lose billions in multiple companies in a day, including two he didn't own!

[forgetful]

TSLA was 6 months old with no products and no sales and 3 employees when Musk invested and basically took over.  There is a reason Musk, and Straubel who joined after him, are called co-founders with the others.  There wasn't a company without them, even if they didn't file the incorporation papers.

There are plenty of valid reasons to dislike and criticize Musk, but zeroing in on minutiae like that or claiming he's not that smart are the most silly axe to grind sort of things his ardent opponents do.

My comment was directly focused on his ego and how it negatively affects his abilities, particularly in relation to trying to run a social media company.

It is a fact that he neither founded Tesla, or PayPal, but claims both. He actually filed a lawsuit to be allowed to claim being a founder of Tesla. That highlights his ego knows no bounds, as no-one discredits his role in building Tesla, yet his ego could not be satisfied unless he gets to be a "founder".

That ego is biting him in the ass right now.

[JWags85]

Lockheed Martin too!
https://twitter.com/litcapital/status/1591172069965713409?s=20&t=OMUOzvLN-QR4-SdStU9Bxw

Takes someone pretty special to lose billions in multiple companies in a day, including two he didn't own!

Ehh, the only company actually losing billions is Twitter.  The others lost billions in Market Cap for a few days.  Its not some tangible loss on their books that will endure or cost anyone anything.  Just algo moves by automated programs who scrape news and social media for keywords.

Its hilariously bad for Twitter and will only further implode credibility to Musk's plans in the near term, but Eli Lily or Lockhead aren't actually going to be harmed even 2 weeks from now.

My comment was directly focused on his ego and how it negatively affects his abilities, particularly in relation to trying to run a social media company.

It is a fact that he neither founded Tesla, or PayPal, but claims both. He actually filed a lawsuit to be allowed to claim being a founder of Tesla. That highlights his ego knows no bounds, as no-one discredits his role in building Tesla, yet his ego could not be satisfied unless he gets to be a "founder".

That ego is biting him in the ass right now.

Yea thats not even remotely true.  For PayPal as well.  Its quieted recently but there were plenty of people who claimed he stole technology and ideas for Tesla and he was a fraud.   That he was just lucky and rode coattails at PayPal.  There is a whole segment of the finance/Wall St industry who bet against him and Tesla/Solar City as a result.

Hes hardly unique in the fixation on being a "founder" in Silicon Valley.  People have an obsession with it and the cache that comes with it.  Both actual founders and those who shade non-founders. Even if its just as impressive to take a small company over and make it monstrous.  Especially for guys like Musk who identify as creators and builders.

I don't disagree he has an ego the size of TSLA's market cap.  And its only gotten larger the last 5 years.  I just don't think thats a great indicator of it.  His actions within Twitter are another story all together.

[tower912]

When life gives you a dumpster fire, roast marshmallows.

Who brought the marshmallows?