His interview certainly lent some additional weight to the theories that he's been trying to run the company into the ground the whole time.
Screw x, I literally don't care what happens to it at this point. At one point in time "twitter" was actually half decent, then it just went to shit....
It was morally bankrupt shortly after Seth McFarlane left too long under a heat lamp took over. In addition to all his other failings, Elon looks like McFarlane jerky.
I was going to say you're doing a disservice to McFarlane by making that comment, but he probably would've found it funny too. Carry on 😁
Such bad journalism. Sucks how much reporting has gone the drain with clickbait bullshit titles like this.
I've noticed a general pattern that if the title ends with a question mark, the article is not worth your time
Yep. Exactly my thoughts.
I think Twitter is going down, may or may not go bankrupt but I think it will lose relevance. Wonder if it will be replaced. Lots of people (myself included) kinda assume that bluesky, mastodon or some other twitter-like service will take over. But Twitter is not really necessary, so I don't think it's a given that something will take its place.
As a time sink, more multimedia-oriented platforms like Reddit/Lemmy, Instagram, Tiktok or Youtube, seem more attractive.
The one big benefit I enjoyed with Twitter was following artists and scientists I would never have had such casual access to learn from in any other way. Being able to watch pros in their fields talk about their topics was something I never would have had access to. And because it's short form folks were more likely to post than on a blog or something.
Without social media the shop talk goes entirely behind closed doors, which is a loss for my ability to casually learn.
Asking if X will go bankrupt is not the right question. Elon has many untapped reserves of cash that he could use at any time to continue to pay the bills.
The guy just needs to speculate publicly on a cool sounding idea and a billion dollars in cash will fall out of a tree somewhere. That is his level of social status.
Bankruptcy happens when a company is imminently falling apart because there is no cash and a creditor repossessing things may disrupt other higher priority creditors. Therefore a judge needs to add order to the process which puts a legal hold on a lot of things. Unless Elon has some dramatic personal meltdown way beyond what we've already seen, that's really unlikely.
The real question is... How does Elon plan on making a profit from this thing if he's insulting those who are paying his bills today? He did float the idea of creating a super app that might handle payments and many other features. That has the potential to be a massive profit center if executed with precision. Perhaps the Twitter user base can be converted... Which would mean advertisers are no longer needed.
I would not be surprised if such a thing is in the works and would be announced when it's almost ready to launch.
It's well on it's way
couldn't he just step down as CEO or sell the company? he could also delete his account. I imagine all of these things would make advertisers happy.
Meelon Husk
This is the best summary I could come up with:
The companies paused adverts after an investigation by a US organisation, Media Matters for America, flagged ads appearing next to pro-Nazi posts.
In a fiery interview on Wednesday, Musk also used the "b" word - bankruptcy, in a sign of just how much the ad boycott is damaging the company's bottom line.
Mark Gay, chief client officer at marketing consultancy at Ebiquity, which works with hundreds of companies, says there is no sign anyone is returning.
When Musk puts chief executives "in his crosshairs" like this they will be even more reticent to be involved with X, says Lou Paskalis, of marketing consultancy AJL Advisory.
Jasmine Enberg, principal analyst at Insider Intelligence, adds: "It doesn't take a social media expert to understand and to know that publicly and personally attacking advertisers and companies that pay X's bills is not going to be good for business."
According to the New York Times, which got hold of the pitch deck Musk was giving to investors last year, X was supposed to bring in $15m from a payments business in 2023, growing to about $1.3bn by 2028.
The original article contains 1,032 words, the summary contains 184 words. Saved 82%. I'm a bot and I'm open source!
Let's hope it doesn't, I don't want those racist idiots joining any of the other social networks. Let it become the acceptable 4chan.... to siphon off the scum of the internet so that we don't have to deal with them.
This is a most excellent place for technology news and articles.
