Elon Musk and the fall of Twitter - page 11.

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Quote from: mich on July 23, 2023, 03:15:52 AM

Well Elon Musk has again tweeted about new name for Twitter, called X. He did say it is part to make his Super App and he did talk about this before.

He is just waiting for a good enough X logo. And then he will change it from the bird to the X logo.

https://www.ndtv.com/world-news/shall-bid-adieu-to-twitter-brand-soon-elon-musks-cryptic-tweet-4233287

Exciting times ahead! The "everything" app is on its way!

So, Elon Musk has this plan to rebrand Twitter. And, because of this Twitter is now going to be called 'X'

Elon's big vision is to turn 'X' into the ultimate everything app, similar to the popular Chinese app WeChat, which does pretty much everything!

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Well Elon Musk has again tweeted about new name for Twitter, called X. He did say it is part to make his Super App and he did talk about this before.

He is just waiting for a good enough X logo. And then he will change it from the bird to the X logo.

https://www.ndtv.com/world-news/shall-bid-adieu-to-twitter-brand-soon-elon-musks-cryptic-tweet-4233287

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Quote from: Casdinyard on July 20, 2023, 04:51:06 PM

Quote from: bakasabo on July 20, 2023, 07:55:40 AM

Isnt Twitter in general has less options than Instagram and Facebook to be able to compete with them in profitability ? I think Elon isnt using Twitter only to get profit from subscriptions and ads. Perhaps for a decent amount of money, they can adjust users feed so, that users will only get specific information aka he uses twitter for manipulation. I was wondering if after Marks Zuckerbergs Threads fail did Twitter received some benefits. Maybe Twitter shares gained in price?

Wait did it really fail? I found that I was using threads more than Twitter nowadays, granted the content from Threads is a little stale cause most of it felt like 2012 Facebook and Twitter lol but it's far from dead. Moreover, Twitter was monetized way back then right? Before Elon stepped in there were avenues for Content Creators and the Company itself to make profit from, cause if they were always running on a net negative there's no way they'd be able to pay their employees, which are by the way more than what Twitter has now. In my opinion Twitter with the oncoming of NFTs and all that is more profitable compared to Facebook and Instagram cause you'd always see projects left and right having twitter handles and announcement accounts, but you'd seldom see projects go out of their way to sponsor ads on Instagram and Twitter.

What about this graph?

Quote from: Sithara007 on July 17, 2023, 10:22:35 PM

For me, it seems that people at first only tried Threads but later went back to place they used to. I believe that people will still have Twitter as their primary platform, but use Threads only as secondary and to get cross platform users feeds (in short they will have Threads just for SMM usage).

Quote from: JeffBrad12 on July 20, 2023, 06:44:53 PM

Quote from: bakasabo on July 20, 2023, 07:55:40 AM

Isnt Twitter in general has less options than Instagram and Facebook to be able to compete with them in profitability ? I think Elon isnt using Twitter only to get profit from subscriptions and ads. Perhaps for a decent amount of money, they can adjust users feed so, that users will only get specific information aka he uses twitter for manipulation. I was wondering if after Marks Zuckerbergs Threads fail did Twitter received some benefits. Maybe Twitter shares gained in price?

I think thread is still too early to be judged as some failure

Same as to early to claim that after Elon got Twitter, Twitter started to fall. How long has he been in charge there? Half a year? In a company that has 16 years history. But with Threads, Zuckerberg just made a copy of already existed social media. Nothing new. If Elon would have created his own Facebook, it would have failed also.

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Quote from: Pierre 2 on July 20, 2023, 02:00:56 AM

I think its far worse than what we worried now. Twitter is definitely not as profitable as Instagram or Facebook because its marketing targeting is not very good. Its ads are inefficient. Twitter userbase is very different than average Instagram userbase so they don't spend a lot anyways. I think Elon must understand he can't compensate losses only through twitter blue. He needs to convince advertisors to generate more money.

We can see that Twitter has really to do it.

Look at what Facebook did recently, despite being profitable with a lot of ads going in and out onto the platform. They've just launched the blue tick and meta verified for each profile.

There's a monthly pay on it just like what Twitter is asking for its blue tick from its users. So, with that move from meta, they really are trying to extract every possible source of revenue for them.

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Quote from: bakasabo on July 20, 2023, 07:55:40 AM

Isnt Twitter in general has less options than Instagram and Facebook to be able to compete with them in profitability ? I think Elon isnt using Twitter only to get profit from subscriptions and ads. Perhaps for a decent amount of money, they can adjust users feed so, that users will only get specific information aka he uses twitter for manipulation. I was wondering if after Marks Zuckerbergs Threads fail did Twitter received some benefits. Maybe Twitter shares gained in price?

I think thread is still too early to be judged as some failure, meanwhile even if it does fail I guess it will not have any benefits for twitter other than maybe recovering back its stock price which has been plummeting ever since.
I think honestly with the current circumstance of twitter which is total mess I don't think elon could think that far ahead. well I don't know, they guy is certainly smarter than most of us, but its just baffling seeing his business decision which seemed like he want to make ROI as fast as possible through any means.
maybe he just want to get back the money that he lost that got spend for the platform.

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Quote from: bakasabo on July 20, 2023, 07:55:40 AM

Isnt Twitter in general has less options than Instagram and Facebook to be able to compete with them in profitability ? I think Elon isnt using Twitter only to get profit from subscriptions and ads. Perhaps for a decent amount of money, they can adjust users feed so, that users will only get specific information aka he uses twitter for manipulation. I was wondering if after Marks Zuckerbergs Threads fail did Twitter received some benefits. Maybe Twitter shares gained in price?

Wait did it really fail? I found that I was using threads more than Twitter nowadays, granted the content from Threads is a little stale cause most of it felt like 2012 Facebook and Twitter lol but it's far from dead. Moreover, Twitter was monetized way back then right? Before Elon stepped in there were avenues for Content Creators and the Company itself to make profit from, cause if they were always running on a net negative there's no way they'd be able to pay their employees, which are by the way more than what Twitter has now. In my opinion Twitter with the oncoming of NFTs and all that is more profitable compared to Facebook and Instagram cause you'd always see projects left and right having twitter handles and announcement accounts, but you'd seldom see projects go out of their way to sponsor ads on Instagram and Twitter.

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Quote from: Fatunad on July 19, 2023, 06:57:55 PM

Quote from: coupable on July 19, 2023, 06:46:18 PM

Quote from: BRINIRHA on July 19, 2023, 06:33:12 AM

Elon is smart and he always surprises everyone. But he is still a human being who definitely has many flaws. Even after he got hold of Twitter, as we can see, only a lot of negative news emerged criticizing the steps taken by Elon. Maybe Elon is not suitable for businesses in the field of social media platforms. He fits better in his current field of technology and artificial intelligence and such. And Elon has realized that he is not cut out to be CEO of Twitter. And Elon made the right move by appointing Linda Yaccarino who will replace him as the new CEO of Twitter.

This is the key idea in the whole topic; It is Elon Musk's first experience in running a business with stronger competitors than him in the market, in addition to the fact that Twitter is a company that loses more than it gains, which explains all the decisions that it took in an attempt to increase the platform's revenues. Elon Musk is accustomed to creativity in modern fields where the field of error is open and he can get support even if one of the schemes does not succeed. In the field of "social media", there are rules that control the market in the presence of competitors whose products must be taken into consideration before taking any decision. The appointment of another CEO of the company proves the failure of Elon Musk in managing it.

Even billionaires arent perfect when it comes to decisions that they had made out and come to think that Elon isnt really that in social media thing on which its not his expertise on the first place, he might be able to buy the company but doesnt mean that he would really be knowledgeable on trying out to run this business on which unlike into those owners who do have the good knowledge on running on this business would really be always be having the advantage on which it isnt something shocking if we do speak about on having comparison. Elon is aware about those trial and errors and guaranteed that he is really that already getting used to it.
If he do make out some decisions towards on what are those changes but turns out to be a failure then he would just simply skip it and try another one and if not then he would be deciding
on hiring other CEO for it to be handled as simple as that. Yes, he could get some criticisms but its not really something that would really be a big issue.

The amount of the deal was huge, which forced him to sell part of his shares in one of his other companies and sell almost all of his bitcoins, in addition to borrowing a large part of the amount from several banks with high interest rates. This raises the risk level and is supposed to reduce the scope of error, especially since his other companies do not generate enough profits to cover the expenses of the platform, and he is forced to pay the first installment of the loan interest to the banks on a specific date.
What happened was that he started taking decisions on his own instead of appointing an experienced executive director in the field and able to contain the platform crisis and change it from a losing platform to a profitable project.

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Isnt Twitter in general has less options than Instagram and Facebook to be able to compete with them in profitability ? I think Elon isnt using Twitter only to get profit from subscriptions and ads. Perhaps for a decent amount of money, they can adjust users feed so, that users will only get specific information aka he uses twitter for manipulation. I was wondering if after Marks Zuckerbergs Threads fail did Twitter received some benefits. Maybe Twitter shares gained in price?

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Quote from: Pejoh Asu on July 18, 2023, 10:27:24 AM

The thing that surprised many people at the end of last year was the issue of elon musk buying twitter, at first i doubted whether elon musk would be serious about this plan, and now all speculation is over because elon musk officially becomes the owner of twitter, and the big thing that elon musk has done is changed a lot of employees so it created a bit of a shake up which has a lot of users worried about twitter.

I think its far worse than what we worried now. Twitter is definitely not as profitable as Instagram or Facebook because its marketing targeting is not very good. Its ads are inefficient. Twitter userbase is very different than average Instagram userbase so they don't spend a lot anyways. I think Elon must understand he can't compensate losses only through twitter blue. He needs to convince advertisors to generate more money.

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Quote from: Pejoh Asu on July 18, 2023, 10:27:24 AM

The thing that surprised many people at the end of last year was the issue of elon musk buying twitter, at first i doubted whether elon musk would be serious about this plan, and now all speculation is over because elon musk officially becomes the owner of twitter, and the big thing that elon musk has done is changed a lot of employees so it created a bit of a shake up which has a lot of users worried about twitter.

A lot of people still believe that Elon paid a lot more than what he should have. But then, Elon later commented on this topic and claimed that the price was fair and it was done to restore free speech. People like me are thankful to Elon, after he kicked out far-left loonies like Vijaya Gadde and Parag Agrawal, who wanted to censor anything even remotely related to the right-wing. Profit was not his primary concern. But given the talent that Elon possess, I am sure that he will make Twitter one of the most profitable social media platforms.

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Quote from: coupable on July 19, 2023, 06:46:18 PM

Quote from: BRINIRHA on July 19, 2023, 06:33:12 AM

Elon is smart and he always surprises everyone. But he is still a human being who definitely has many flaws. Even after he got hold of Twitter, as we can see, only a lot of negative news emerged criticizing the steps taken by Elon. Maybe Elon is not suitable for businesses in the field of social media platforms. He fits better in his current field of technology and artificial intelligence and such. And Elon has realized that he is not cut out to be CEO of Twitter. And Elon made the right move by appointing Linda Yaccarino who will replace him as the new CEO of Twitter.

This is the key idea in the whole topic; It is Elon Musk's first experience in running a business with stronger competitors than him in the market, in addition to the fact that Twitter is a company that loses more than it gains, which explains all the decisions that it took in an attempt to increase the platform's revenues. Elon Musk is accustomed to creativity in modern fields where the field of error is open and he can get support even if one of the schemes does not succeed. In the field of "social media", there are rules that control the market in the presence of competitors whose products must be taken into consideration before taking any decision. The appointment of another CEO of the company proves the failure of Elon Musk in managing it.

Even billionaires arent perfect when it comes to decisions that they had made out and come to think that Elon isnt really that in social media thing on which its not his expertise on the first place, he might be able to buy the company but doesnt mean that he would really be knowledgeable on trying out to run this business on which unlike into those owners who do have the good knowledge on running on this business would really be always be having the advantage on which it isnt something shocking if we do speak about on having comparison. Elon is aware about those trial and errors and guaranteed that he is really that already getting used to it.
If he do make out some decisions towards on what are those changes but turns out to be a failure then he would just simply skip it and try another one and if not then he would be deciding
on hiring other CEO for it to be handled as simple as that. Yes, he could get some criticisms but its not really something that would really be a big issue.

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Quote from: BRINIRHA on July 19, 2023, 06:33:12 AM

Elon is smart and he always surprises everyone. But he is still a human being who definitely has many flaws. Even after he got hold of Twitter, as we can see, only a lot of negative news emerged criticizing the steps taken by Elon. Maybe Elon is not suitable for businesses in the field of social media platforms. He fits better in his current field of technology and artificial intelligence and such. And Elon has realized that he is not cut out to be CEO of Twitter. And Elon made the right move by appointing Linda Yaccarino who will replace him as the new CEO of Twitter.

This is the key idea in the whole topic; It is Elon Musk's first experience in running a business with stronger competitors than him in the market, in addition to the fact that Twitter is a company that loses more than it gains, which explains all the decisions that it took in an attempt to increase the platform's revenues. Elon Musk is accustomed to creativity in modern fields where the field of error is open and he can get support even if one of the schemes does not succeed. In the field of "social media", there are rules that control the market in the presence of competitors whose products must be taken into consideration before taking any decision. The appointment of another CEO of the company proves the failure of Elon Musk in managing it.

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Quote from: Wimex on July 13, 2023, 09:12:54 PM

There is a large amount of possible speculation around this fact, Elon has a rather eccentric personality, and while it may be true that he has a large number of unquestionable abilities, there are certain aspects that despite his talent he does not give the best of. of the coverage, the management of most of the dependencies under his responsibility, is far from the dynamic that is naturalized in twitter and unfortunately this has managed to be noticed in the results that he has obtained with it, and although several people say or intuit that there may be a purpose behind this, I personally doubt it and it is even among so many factors, he is still a human being and is susceptible to making mistakes or not making the best decisions on certain occasions.

Elon is smart and he always surprises everyone. But he is still a human being who definitely has many flaws. Even after he got hold of Twitter, as we can see, only a lot of negative news emerged criticizing the steps taken by Elon. Maybe Elon is not suitable for businesses in the field of social media platforms. He fits better in his current field of technology and artificial intelligence and such. And Elon has realized that he is not cut out to be CEO of Twitter. And Elon made the right move by appointing Linda Yaccarino who will replace him as the new CEO of Twitter.

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The thing that surprised many people at the end of last year was the issue of elon musk buying twitter, at first i doubted whether elon musk would be serious about this plan, and now all speculation is over because elon musk officially becomes the owner of twitter, and the big thing that elon musk has done is changed a lot of employees so it created a bit of a shake up which has a lot of users worried about twitter.

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Quote from: leonair on July 18, 2023, 06:43:05 AM

Quote from: Sithara007 on July 17, 2023, 10:32:09 PM

Quote from: ChiBitCTy on July 13, 2023, 08:32:34 PM

Personally I have always despised twitter. Mainly I disliked it because anytime I got on, I felt like it was just complete disarray. It's very poorly set up. It's hard to find things, and I just can't stand the layout.
✂✂✂✂

Well... if you never liked Twitter, then it doesn't matter what you think about it. I guess Elon would be more worried about the existing users. I can understand the current hype being made around the pullout by certain advertisers. These guys are mad that Elon put an end to censorship by the far-left and then implemented freedom of speech. As Elon mentioned, $44 billion that was spent on Twitter was necessary to restore freedom of speech in one of the most popular social media platforms. Advertisers will return in future, or else they will be replaced with others.

Twitter being Twitter can't be like anything else. other social media may come with new features. But can't exactly meet Twitter's needs. Twitter's market cap has fallen as many have pulled their investments out of Twitter. And in the stock market it is normal that the stock price will go up and down and that is why people can profit. It can rise again at any time. So there is nothing to panic about it. It is best to be patient here

Moreover, we are in the midst of an economic crisis, and not only has Twitter lost revenue, but many other businesses are not doing much better. But many people take advantage of that and think that Twitter's apocalypse is approaching, and they blame Elon's way of operating. As you said, I find it normal for stocks to fall or businesses to suffer for a while. In business or investing, things are not always smooth and profitable without problems.

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Quote from: Sithara007 on July 17, 2023, 10:32:09 PM

Quote from: ChiBitCTy on July 13, 2023, 08:32:34 PM

Personally I have always despised twitter. Mainly I disliked it because anytime I got on, I felt like it was just complete disarray. It's very poorly set up. It's hard to find things, and I just can't stand the layout.
✂✂✂✂

Well... if you never liked Twitter, then it doesn't matter what you think about it. I guess Elon would be more worried about the existing users. I can understand the current hype being made around the pullout by certain advertisers. These guys are mad that Elon put an end to censorship by the far-left and then implemented freedom of speech. As Elon mentioned, $44 billion that was spent on Twitter was necessary to restore freedom of speech in one of the most popular social media platforms. Advertisers will return in future, or else they will be replaced with others.

Twitter being Twitter can't be like anything else. other social media may come with new features. But can't exactly meet Twitter's needs. Twitter's market cap has fallen as many have pulled their investments out of Twitter. And in the stock market it is normal that the stock price will go up and down and that is why people can profit. It can rise again at any time. So there is nothing to panic about it. It is best to be patient here

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US Senator Elizabeth Warren now is going after Elon Musk. It is for the relationship with Twitter and his company Tesla.

She is telling sec to look for a conflict of interest with these 2 companies he owns. https://www.warren.senate.gov/imo/media/doc/Letter%20to%20SEC%20asking%20for%20investigation%20into%20Tesla%20-%20FINAL1.pdf

https://www.nbcnews.com/tech/tech-news/elizabeth-warren-urges-sec-investigate-tesla-twitter-ties-corporate-go-rcna94740

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Quote from: Rabata on March 26, 2023, 06:00:35 AM

Elon Musk has been in various complications since purchasing the popular social media Twitter. After purchasing the social media he imposed various restrictions on the intention of the users. Since becoming the owner of Twitter, by eliminating employer he tried to reduce the company's costs. No one including the users could accept his various thoughts regarding on twitter. As a result, today he has to announce the sale of his Twitter at half of the buy price. $44 billion Twitter is now $20 billion. Elon Musk has made such an offer to sell shares to Twitter employees.

Elon Musk cofounded and his four popular companies are Electric car maker Tesla, Rocket producer SpaceX, Tunneling startup Boring Company and
Twitter

He may be a big businessman but nothing can be imposed ignoring the sentiments of common people. Since Elon Musk's purchase of Twitter, 14 of the 30 companies that have served as advertisers they have stopped promoting in twitter. Naturally, Twitter's revenue has declined and is likely to further decline in the coming days.

Although he is financially one of the richest businessmen in the world, it is also worth noting that the share prices of his other companies could fall through losses on his Twitter purchase. In my opinion his main mistake was disregarding public sentiment. What is your concern?

It is true that Elon Musk's biggest mistake is ignoring the loud sentiments of millions of twitter users ever since he bought the social media platform. The changes he applied had drastically changed the overall user experience of the well-known social media platform. However, it should be noted that Elon Musk is a businessman and that means he knows that his actions, although receiving much negative feedback, will still find a way to bring profit on his side. For example, it is a well-known fact that much of twitter users sees the profile verification tag as an important symbol in the platform, with this in mind Musk used the opportunity to establish the now known Twitter Blue where users can pay for a premium experience in using the site. And as obnoxious as it is, many twitter users (especially those who have been using it for a long time either for their personal experience or career) have paid to have the listed benefits upon subscribing to this premium subscription.

Yes, twitter have seen better days, but Elon Musk is a businessman and as much as the platform is big and is heavily reliant on its users experience and feedbacks, Musk will find a way around it to earn more in the long run.

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One thing to note is that Elon himself posted awhile ago (Around the time of purchasing twitter or before that a little bit) mockering and laughing at Youtube system saying that these guys allow scam ads, which I totally agree with him. I was shocked when I saw that while watching youtube a scam ad appears to me where they want to steal my crypto, either by showing a interview with a known man but underneath is a scam link. I thought Elon was a hero for pointing that out.

But then he bought twitter and made the blue-checkmark attainable by anyone who pays money, isnt that the same thing? In the past it used to be given to real people who owns their legit names, but now anyone can get a blue-checkmark if they pay which means a scammer can get a blue checkmark and pretend to be a real-person of some sort to scam people. And trust me people fall for it by thinking "Oh that is legit he got the blue-check mark" because they may or may not know that it is purchasable for money, they may still think it is the same way it was in the early stages of twitter.

So in a sense Elon promotes scammers by this move the exact same way YouTube promote scams in their platform by allowing them to put ads.

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Quote from: ChiBitCTy on July 13, 2023, 08:32:34 PM

Personally I have always despised twitter. Mainly I disliked it because anytime I got on, I felt like it was just complete disarray. It's very poorly set up. It's hard to find things, and I just can't stand the layout.
✂✂✂✂

Well... if you never liked Twitter, then it doesn't matter what you think about it. I guess Elon would be more worried about the existing users. I can understand the current hype being made around the pullout by certain advertisers. These guys are mad that Elon put an end to censorship by the far-left and then implemented freedom of speech. As Elon mentioned, $44 billion that was spent on Twitter was necessary to restore freedom of speech in one of the most popular social media platforms. Advertisers will return in future, or else they will be replaced with others.

Topic: Elon Musk and the fall of Twitter - page 11. (Read 2971 times)