Elon Musk and the fall of Twitter - page 19.

Kelvinid

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Quote from: jostorres on March 28, 2023, 03:22:56 PM

Quote from: ringgo96 on March 28, 2023, 08:02:00 AM

Currently Elon Mask Twitter stock is indeed in trouble so many large investors are starting to hesitate to invest in Twitter, because the profits they get are decreasing, by running some big projects Elon Musk is increasingly difficult to rely on so that all companies he can run well, even though financially he is the number one person in the world but I am very sure he will not fall if Twitter will be in the hands of others.

Existing investors are hesitating to invest more but for those who are new in this, maybe this can be the perfect time to enter. If Elon can run other big projects then why not this one? When I think it's much smaller than the other projects he have.

It's not very long since he acquired Twitter so maybe he is still adjusting but sooner or later I believe that he can master it. That would be the time for their company and those investors to recover. Elon might be number one before but I think the moment he bought Twitter, that affected his net worth and maybe drop his spot. I don't know if it's a big deal for him or to others, but for me, not really as he was still a rich person.

Investors had looked into the past about how Elon Musk did to his other companies, some runs well but some did not. But people believe that EM can do better than on this platform, he just needs time to develop and strategies it well. However, we can't also hesitate the possible scenario that acquiring this platform is a mistake as he needs the right people to manage this while firing all the previous employees. Now, the company is in the struggle to adjust and showing negative results which brings people to doubt and ask if Twitter will improve or it collapse.

coupable

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Quote from: lionheart78 on March 26, 2023, 04:38:26 PM

Quote from: coupable on March 26, 2023, 04:09:07 PM

Quote from: bitmover on March 26, 2023, 06:43:04 AM

Quote from: Rabata on March 26, 2023, 05:00:35 AM

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?

He is a genius and he will certainly surprise you and everyone.

Maybe not all his companies will skyrocket, but most of them are

Let's not confuse Elon's eccentric personality with his abilities and virtues, which he clearly has.

All indications indicate that the Twitter deal is a loser and that it was in a kind of show. Elon Musk is a genius in his management of projects with new and ambitious ideas such as Tesla and SpaceX, but his adventure with social media platforms was not very genius since the company had not generated revenues for years before its purchase and that the price offered was imaginary that exceeded its real value. Even if he succeeds in saving Twitter from the difficulties it is going through, this may cost more time, more effort, and huge capabilities, much more than what was initially planned.

I think it is expected because twitter first move is to clear its platform of idle accounts and clear its office of employees. Regardless, I believe Elon Musk is not showing any distress or problem on the status of Twitter. It simply shows he know what he is doing. Besides, it takes time for a company to rebound when it cleans its system.

This is not the case with Twitter, because the platform needs urgent solutions. The price offered by Elon Musk to complete the deal exceeds its size as a loss-making company. Twitter has to pay interest on loans worth $ 1.2 billion annually in addition to the principal. Reducing employment and imposing additional fees on users did not contribute to resolving matters as much as it increased their complexity. The deal this time is greater than Elon Musk's ambitions, especially since market competitors will push towards weakening the platform.

jayce

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Quote from: Getmon on March 29, 2023, 04:10:46 AM

Will Elon Musk sell Twitter cheaply, or will Twitter declare bankruptcy?
...

With the tough personality Elon has, I don't think he will choose the first option, as it might hurt his image as an entrepreneur who able to build any kind of company. The saga of buying twitter was catching attention worldwide, and he would look dumb if he sell it with lower price. Imo, the best option for Elon is turning Twitter back into its original form as a normal social media and hiring some professionals who have background directly related to social engineering.

Flexystar

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I think what Elon is doing is his business and he might be doing something better for Twitter. If you check the old numbers then Twitter wasn’t doing really great before Elon dynasty. It’s becoming platform of money now and with Elon’s plan to implement paid tweets and premium features of tipping users it could also skyrocket twitters share in no time.

Yes I am also one of the Elon hater but with the time he is doing some shaping to his visions. It takes time to understand him. Though not taking sides we need to go with the flow.

woez

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Quote from: xSkylarx on March 29, 2023, 04:14:41 AM

We all make mistakes, but the one that Elon made was very expensive. I don't really know the motives of Elon in buying Twitter; for sure he has something to it and will sell it, but mostly what we can see right now is that Twitter is falling into the hands of Elon. At first, I thought it would generate more revenue for him due to the innovation he would be implementing, but it did not.

About Elon's investment in Twitter. It's also possible that Elon has more motives than simply generating revenue from Twitter, and it's also possible that his innovative approach to the platform will take time to bear fruit.

I myself cannot judge the success of this investment based on short-term fluctuations in earnings. The important thing is that Elon remains committed to driving innovation and growth in his investments, and he continues to learn from his mistakes to make better investment decisions in the future.

xSkylarx

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We all make mistakes, but the one that Elon made was very expensive. I don't really know the motives of Elon in buying Twitter; for sure he has something to it and will sell it, but mostly what we can see right now is that Twitter is falling into the hands of Elon. At first, I thought it would generate more revenue for him due to the innovation he would be implementing, but it did not.

Getmon

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Will Elon Musk sell Twitter cheaply, or will Twitter declare bankruptcy? At the point when Twitter was taken by Elon Musk, it was a company without profit. Elon Musk dared to assume power, announcing significant changes. The annual costs of Twitter are reduced as a result of those changes. While the revenue of Twitter continues to decline, I would not classify it as falling. The political side of Elon Musk was also not helpful. But there will be the coming elections. Twitter will still recover, in my opinion, following the major changes. Twitter is a giant company and will not become profitable overnight; I anticipate it will do so by next year or the year after that.

retreat

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Quote from: Rabata on March 26, 2023, 05:00:35 AM

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?

We don't know what he was thinking, because we are not the richest people in the world, maybe now what he is doing seems like a mistake to us, but that could be one of his strategies to be profitable in the future and build the world's largest social media. What's more, we know that Elon Musk has succeeded in building SpaceX and Tesla and several other companies, that proves his capabilities as a CEO and in the business world, so I doubt that he will fail in building Twitter.

Bitcoin2009

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In my opinion, elon musk is too ambitious to make twitter according to his wishes, when there are staff who have different opinions then it is certain that the staff will be fired, and not forever that money can do everything, maybe twitter is the worst business that elon musk has ever done.

bakasabo

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If someone thinks that Twitter purchase was a failure, then consider it one of the most expensive and infinite advertising campaigns for all current and future Elon Musk projects and products. Maybe he never intended to earn with Twitter. But he could for example insert Tesla ad in every tweet person make. Imagine having running Tesla ad everywhere in media for ages, and compare it with cost of 30sec-1min ad on TV during month. Dont want to see ad - pay $8/month for Twitter blue. win=win scenario. Of course some people would leave Twitter because of that, but for many Twitter is already a part of culture or lifestyle, they will never leave it.

Smack That Ace

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Quote from: ingiltere on March 28, 2023, 03:29:53 PM

Twitter wasn't worth that much anyway, Elon Musk bought it at a very high price. Twitter is not that popular social media platform. After all, what can be done is limited. The advantage of Twitter is that it creates an instant trends and everyone can make their voices heard. But these advantages disappear when you set limits. In addition, increasing ads make the application unusable.
It's known that this application is used for intelligence purposes. So in the background, the states are the main buyers here. The value of Twitter cannot be measured with shares traded on the stock exchange. Elon made this investment knowing this. Owning this platform makes him stronger.

Twitter is the most popular and trusted social network in the US, IMO. I'm not defending him, but I think as an entrepreneur and CEO of many companies, he's not stupid enough not to be able to value the company or not know how to use it. In business, there will be difficulties and challenges is very normal, even on the verge of bankruptcy, but as long as they can maintain and find a way to develop again, they have never failed. In addition, we are in an unstable economy, thousands of businesses, and banks are bankrupt... so we can't draw any conclusions about Elon and TW at this time.

GigaBit

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Quote from: Rabata on March 27, 2023, 01:37:37 AM

Quote from: Hamza2424 on March 26, 2023, 10:00:02 AM

I am not sure about the figures shared by the Op I can assure you Ellon musk is not a personality who will deal with the loss, In my view, Twitter is not the same as before and there are many things Ellon musk can do with Twitter. Also, this is a fact is not every business does its best in profit-making. Also, I am a little bit confused about how you are calculating the Twitter capital value because I can't see any changes in the share price there are minor drops and the capital value is also $41B+.

Please don't take it otherwise to those who are Elon supporters. I myself will not deny his contribution to the crypto world. He is a successful businessman but if he applies the same strategy everywhere as he does in other businesses, the results may not be good there. His loss on Twitter is nothing but his strategy was definitely wrong. If you notice that SpaceX has no competitors then he can succeed in whatever way he chooses, but unlike social media, there are a lot of competitors in this platform. Most of the users were against the decisions that were taken with his Twitter and as a result he was forced to lower the price of Twitter. I am providing a link to finance.yahoo as a reference.
Sorce: https://finance.yahoo.com/news/elon-musk-puts-20-billion-005335181.html

It is true that no matter how big a businessman and how wise you are, you have to take initiative in every field according to your type otherwise you will never be successful in that particular field. Although Elon Musk is the best entrepreneur of some of the world's famous businesses, he almost failed to manage Twitter. And once a negative impression comes on all these platforms, it is very difficult to make it positive. I think Elon Musk needs a new CEO for Twitter.

Fortify

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Quote from: Rabata on March 26, 2023, 05:00:35 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's actually hilarious and very entertaining to watch Elon self destruct large portions of his wealth, but a bit unfortunate that he is having such a huge effect on free speech while he drags his various companies down. He had to be reprimanded by regulators multiple times when his focus was on Tesla, because he had a tendency to create misleading or downright unprofessional outbursts at anyone who questioned him. He must be an absolute nightmare to work alongside yet he takes credit for most of the intelligent engineering performed by other people. The fact that he has torpedoed over $20 billion dollars in the space of a couple months is sweet justice and hopefully some of his flock of blind followers have seen the light.

ingiltere

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Twitter wasn't worth that much anyway, Elon Musk bought it at a very high price. Twitter is not that popular social media platform. After all, what can be done is limited. The advantage of Twitter is that it creates an instant trends and everyone can make their voices heard. But these advantages disappear when you set limits. In addition, increasing ads make the application unusable.
It's known that this application is used for intelligence purposes. So in the background, the states are the main buyers here. The value of Twitter cannot be measured with shares traded on the stock exchange. Elon made this investment knowing this. Owning this platform makes him stronger.

jostorres

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Quote from: ringgo96 on March 28, 2023, 08:02:00 AM

Currently Elon Mask Twitter stock is indeed in trouble so many large investors are starting to hesitate to invest in Twitter, because the profits they get are decreasing, by running some big projects Elon Musk is increasingly difficult to rely on so that all companies he can run well, even though financially he is the number one person in the world but I am very sure he will not fall if Twitter will be in the hands of others.

Existing investors are hesitating to invest more but for those who are new in this, maybe this can be the perfect time to enter. If Elon can run other big projects then why not this one? When I think it's much smaller than the other projects he have.

It's not very long since he acquired Twitter so maybe he is still adjusting but sooner or later I believe that he can master it. That would be the time for their company and those investors to recover. Elon might be number one before but I think the moment he bought Twitter, that affected his net worth and maybe drop his spot. I don't know if it's a big deal for him or to others, but for me, not really as he was still a rich person.

disconnectme

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I don't have issues with those companies pulling their adverts because we know this decision is politically motivated also the world economy has not been doing that good for some time now, so most of these companies are being conservative with their spending and some keep cutting jobs just to balance their books, the issue I have is the constant changes which come with every update without finding lasting solutions to bots issue on the platform

Gyfts

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Quote from: lovesmayfamilis on March 28, 2023, 05:09:48 AM

...

Twitter is on the decline and there's a reasonable probability it goes bankrupt. I'm not one to normally agree with Elon Musk.

However, I don't disagree with this. Bots promoting scams have overtaken the Twitter algorithm and there isn't a feasible way for manned content moderation when the platform is so large. Twitter is still free to use and there isn't a fee for participation (tweeting, replying etc. all are still free).

The "for you" tab was an open market place for manipulation. If the algorithm couldn't find a way to override it, then only allowing verified accounts to appear is probably the only thing that can save it.

jayce

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Quote from: davis196 on March 28, 2023, 12:58:15 AM

1.Elon Musk is definitely NOT a genius. He likes to take big risks, some of them paid off. He also has a team of really good engineers, but that doesn't mean that he is a genius. He just wants to create that fake "genius entrepreneur" persona on the mainstream media and the social media.
2.It is clear that buying Twitter was a mistake right from the start. Musk tried to refuse the deal at some point, but he got forced to buy Twitter by the authorities.
3.AFAIK, Elon Musk is not Tesla's cofounder. He just bought a share from the company in an early stage.

Quote

A world No. 1 billionaire is never a fool.

I'm not saying that he is a fool. He is very smart, but being very smart and being a genius are two different things. Many smart people aren't geniuses.

It's quite hard to decide if someone is a genius or not, but mostly people use IQ score to determine that. CNBC writes that anyone who has IQ score above than 140 is called as a genius^[1], and some sources mention that Elon has 150-155. I do think if he isn't a genius, then he wouldn't be brave enough to invest in Tesla, proposed ideas to have reusable rockets and make colony in Mars with SpaceX. Of course for us, it's such a strange decision from him to buy Twitter at the first place, but who knows what inside these businessmen mind. What's strange for us, might be an opportunity for them.

^{[1] https://www.cnbc.com/2017/10/12/heres-the-iq-score-warren-buffett-says-is-all-you-need-to-succeed.html}

ancafe

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Quote from: Rabata on March 26, 2023, 05:00:35 AM

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?

I don't see that as the main problem, Elon Musk is a businessman and he knows what to do when public confidence starts to peak in trust in social media platforms and the stock.

You will be surprised in the next year he will take over another business, Twitter as social media has a great reputation in the world and I'm sure he is doing something to surprise a lot of people. Business people do many ways to make a profit and what Elon Musk is doing is his way of making a profit.

ringgo96

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Currently Elon Mask Twitter stock is indeed in trouble so many large investors are starting to hesitate to invest in Twitter, because the profits they get are decreasing, by running some big projects Elon Musk is increasingly difficult to rely on so that all companies he can run well, even though financially he is the number one person in the world but I am very sure he will not fall if Twitter will be in the hands of others.

Topic: Elon Musk and the fall of Twitter - page 19. (Read 3062 times)