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To be fair it's also not clear that there will be a non-ad-free version of Twitter after next week
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Nov 1, 2022 20:46
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Elon really needs to be careful, he's starting to give the rich a bad name. 
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Nov 1, 2022 20:48
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Guys, it seems like Elon Musk might just be rich because his parents owned several diamond mines and he was friends with the guys who made Paypal and may not be an actual business genius.
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Nov 1, 2022 20:49
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Roe and Casey both 100% smack of legislating from the bench and gave the right fertile grounds to bitch and moan, and were really eyebrow raising at the time and have always been treated as shaky even from left-leaning jurisprudential perspectives. The “trimester” test in Roe and the “undue burden” test in Casey both seem like they are just trying to pay lip service to Christian thoughts on when life begins and in doing so put the whole Constitutional analysis on shaky ground by trying to strike a compromise to begin with. Bitch boy Kavanaugh spent most of his concurrence harping on Casey and Alito basically just said Casey didn’t give enough cred to the unborn life and put his thumb on the scale to obliterate that test.
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Nov 1, 2022 20:56
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Not saying I’m cheering Elon for killing Twitter but I’m glad the worst people are angry fighting each other for now. The only way to improve Twitter is to nationalize it, which means it would be best to just let it die. Yawgmoft posted:That RvW is actually a "bad decision " that "everyone agrees is bad" is actually just more right wing propaganda that some people have accidentally consumed and now regurgitate. Exactly. It’s great when people say something loving dumb like “the decision was shaky back then” because it’s usually further evidence that those who claim they are the left to republicans are actually supportive of republicans. virtualboyCOLOR fucked around with this message at 20:59 on Nov 1, 2022 |
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Nov 1, 2022 20:56
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Leon Trotsky 2012 posted:WSJ article saying that banks had intended to fund the lending by selling debt to third-party investors right away, but rising interest rates and other problems with Twitter have made third-party buyers skittish of investing in Twitter's debt. During the April deal when they finalized financing, they provided an estimate that they would unload all of the debt onto third-party buyers by the time the sale was finalized. Now, they have to keep all the debt on their books for at least a year (which freezes out their ability to invest elsewhere) because if they sold now, it would be for a huge loss and is well below the estimate they had in April. yeah that's not quite what you posted what Musk has agreed to do is (a) pay interest at a specified rate; (b) pay the bonds back on the maturity date; and (c) some cooperation poo poo in helping the banks syndicate the debt. if musk breaches (a) or (b) the debt is in default. he definitely hasn't done that; or said he will be. but musk did not promise the banks would be able to syndicate the debt. the banks got paid fat fees to underwrite this debt and potentially be on the hook (like they are now). that is basically their value-add here: once they signed on the dotted line, they took the risk of finding suckers to unload this debt on. them being unable to sell the debt to a third party doesn't mean musk is in default and can't pay the coupon. it means that (with interest rates rising) the interest rate offered is unattractive to buyers and (with twitter being a garbage fire) the collateral offered is unattractive to buyers. so if the banks want to sell the debt to a new sucker, they have to sell it at a discount. if I sell a twitter bond at 80 cents on the dollar to you, twitter is still (theoretically) going to pay you the full face value when it matures. that extra 20 cents is essentially extra interest you demanded to hold the bond - but I funded it, not twitter. basically: the banks made a monumental gently caress-up. they would kind of like it if Musk defaulted now - they could probably sell all of twitter for enough to cover their debt. but musk is not defaulting on the debt, they just have debt at an unattractive interest rate, that people think has a risk of being unable to pay the principal back on the maturity date.
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Nov 1, 2022 21:01
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Elon wanted to be known as a steward and benefactor of society and the monkey's paw curls now that Twitter is his.
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Nov 1, 2022 21:01
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Leon Trotsky 2012 posted:The largest advertising manager of Twitter ads for major corporations is now recommending all of its clients suspend their advertising on Twitter. Another major source of revenue completely dried up for an unknown amount of time - and possibly permanently. i wonder if the correspondence with musk's "deal is temporarily on hold" nonsense is intentional i doubt it is, but i hope it is
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Nov 1, 2022 21:03
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Can we all agree to just collectively ignore anyone that frequently makes this precise facial expression? It seems to be related to really dumb people that believe they are the smartest people in the world.
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Nov 1, 2022 21:06
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by the way i want to remind people that while elon musk sunk about 30b of his own money into this tire fire, he's not the only shitlord who is about to lose a large chunk of their net worth jack dorsey looked at his right to convert his share of twitter into a billion united states dollars, looked at elon musk, and said "i'll let it ride" and kept his twitter stock
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Nov 1, 2022 21:06
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I know the term Dunning Kruger get's thrown around a lot lately but I would fully support Elon Musk changing his name to Dunning Kruger right now.
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Nov 1, 2022 21:08
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Or just start calling it the Elon Musk effect
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Nov 1, 2022 21:14
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So...it seems like publicly Musk has been calling for twitter to loosen moderation, while they're at the same time telling advertisers that moderation policies haven't changed Wonder how this one is going to pan out.
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Nov 1, 2022 21:23
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Leon Trotsky 2012 posted:Guys, it seems like Elon Musk might just be rich because his parents owned several diamond mines and he was friends with the guys who made Paypal and may not be an actual business genius. Emerald mine, if I recall. Possible Slytherin/dark wizard connection.
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Nov 1, 2022 21:30
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Cranappleberry posted:Emerald mine, if I recall. You're right. It was an emerald mine they owned originally, but they got in trouble because they had a diamond and other gemstone exporting business that was accused of being involved in conflict diamonds.
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Nov 1, 2022 21:40
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Levitate posted:So...it seems like publicly Musk has been calling for twitter to loosen moderation, while they're at the same time telling advertisers that moderation policies haven't changed So far, they've kept the moderation policies the same, but vastly reduced the number of active moderators. https://twitter.com/jackiedavalos1/status/1587260948938719232 https://twitter.com/yoyoel/status/1587290210530127872 Yes, that's right, all of Twitter currently has fewer active mods than Something Awful does, supposedly because Elon is concerned about "insider risk" from the workers he promised to lay off and the departments he's threatened to shutter. Additionally, Twitter's head mod is saying that while the policies themselves haven't changed, the way in which they're enforced will be changed: https://twitter.com/yoyoel/status/1587230935405105153
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Nov 1, 2022 21:43
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I hope running Twitter gives Elon the anxiety-fueled wet shits the rest of his life - he clearly has no idea what he’s doing running a social media company. It’s clearly a play to get more attention since that’s his love language.
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Nov 1, 2022 21:50
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Yes, data like "everybody noticed the rate of N-words spiked overnight"
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Nov 1, 2022 21:54
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Main Paineframe posted:So far, they've kept the moderation policies the same, but vastly reduced the number of active moderators. twitter: 15 mods this specific web subforum: 14 mods
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Nov 1, 2022 22:01
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Craig K posted:twitter: 15 mods Quick! Someone make me a mod so we can be just as good as Twitter at moderation! Pretty sure we're still better than Twitter when it comes to mods actually doing something, and for the love of God don't make me a mod.
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Nov 1, 2022 22:04
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That's a pretty classic play. "Ending moderation? Don't be ridiculous. We still have a dedicated moderation team and believe in our corporate oversight guidelines" *reduced moderation to effectively nothing* That way the bad-faith idiots and assholes can go "well technically...." till the end of time.
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Nov 1, 2022 22:04
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Leon Trotsky 2012 posted:Hollywood Reporter says that Twitter is in danger of losing the 89% of its revenue that comes from organized ad buyers and "devolving into another Truth Social or Parler" that "may be stuck cutting deals with MyPillow and collectible gold coin sellers, a visible reminder of $44 billion washed away." thinkin real hard about Target? eBay? whoever it was who accidentally cut their internet ad budget for a few months and saw almost no change in their metrics when they found out about it. Big CEO Musk slitting his own throat through shitposting, lol
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Nov 1, 2022 22:17
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Main Paineframe posted:So far, they've kept the moderation policies the same, but vastly reduced the number of active moderators. Yoel definitely trying their best here to weasel word it. Locking down access to internal configuration tools during a transfer isn't that weird, especially with it being this contentious. But the assumption there is that the majority of those workers will also be laid off soon and moderation swung open since Elon keeps saying that's what he wants. The response there from Yoel kind of just slides past all the obvious assumptions folks are making.
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Nov 1, 2022 22:18
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idiotsavant posted:thinkin real hard about Target? eBay? whoever it was who accidentally cut their internet ad budget for a few months and saw almost no change in their metrics when they found out about it. Big CEO Musk slitting his own throat through shitposting, lol Eh I suspect that he's gonna make some promises and they'll come back and advertise. They just want reassurance.
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Nov 1, 2022 22:23
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Main Paineframe posted:So far, they've kept the moderation policies the same, but vastly reduced the number of active moderators. Yeah, was kind of getting at the idea that he's trying to tell advertisers that moderation hasn't changed on one hand but actually changing the effective moderation on the other Which seems dumb when it's all out there and public and advertisers can go "yeah but what about this"
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Nov 1, 2022 22:27
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Well, looks like the brown coats got the message. A Democratic Candidate Was Beaten and Knocked Unconscious at His Home
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Nov 1, 2022 22:31
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evilweasel posted:by the way Wasn't that the correct play? Musk bought all the stock above market value and then took it public, so Jack is completely cashed out unless I missed something.
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Nov 1, 2022 22:32
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idiotsavant posted:thinkin real hard about Target? eBay? whoever it was who accidentally cut their internet ad budget for a few months and saw almost no change in their metrics when they found out about it. Big CEO Musk slitting his own throat through shitposting, lol I think it was Uber?
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Nov 1, 2022 22:33
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Jaxyon posted:Eh I suspect that he's gonna make some promises and they'll come back and advertise. They just want reassurance. Maybe. On the other hand, what percentage of advertising was done by major automotive companies? You know, direct competitors to another of Musk's companies?
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Nov 1, 2022 22:33
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Yawgmoft posted:Wasn't that the correct play? Musk bought all the stock above market value and then took it public, so Jack is completely cashed out unless I missed something. He rolled over and now has a private stake.
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Nov 1, 2022 22:35
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Yawgmoft posted:Wasn't that the correct play? Musk bought all the stock above market value and then took it Cashing out would have been the correct play, but from the sounds of it Jack did not, and retained his Twitter stock instead - similar to the Saudis.
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Nov 1, 2022 22:36
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idiotsavant posted:Cashing out would have been the correct play, but from the sounds of it Jack did not, and retained his Twitter stock instead - similar to the Saudis. The Saudis were invested in Twitter as well? In that case it makes sense. What are you going to do? Cut and run and piss off old Bonesaw for a few extra bil?
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Nov 1, 2022 22:51
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Timeless Appeal posted:I don't know if that's true, but it is irrelevant because the Dobbs decision is insane and is driven by a desire to ban abortion, not if Roe was imperfect. Exactly this. They started off with the answer they wanted and worked backwards. I have a feeling we are going to be seeing lots more shadow docket shenanigans as well as the conservatives having an idea of how things should be regardless of what the constitution says and just coming up with something. The supereme court justices being unelected and having lifetime appointments is a huge detriment to pretty much every reasonable person that isn't governed by religious beliefs in this country.
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Nov 1, 2022 22:53
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Yawgmoft posted:Wasn't that the correct play? Musk bought all the stock above market value and then took it public, so Jack is completely cashed out unless I missed something. No he declined the $54.20 and kept the equity in musk-owned twitter
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Nov 1, 2022 23:20
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cgeq posted:The Saudis were invested in Twitter as well? In that case it makes sense. What are you going to do? Cut and run and piss off old Bonesaw for a few extra bil? Considering that billion dollar interest on the loans Musk took out from them, they getting more off the interest than they'd ever get from Twitter. And if Twitter goes belly up, they lose nothing and potentially get a hold on Tesla.
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Nov 1, 2022 23:34
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cgeq posted:The Saudis were invested in Twitter as well? In that case it makes sense. What are you going to do? Cut and run and piss off old Bonesaw for a few extra bil? Jack has zero obligation to the Saudis. And while yeah, a bunch of these guys are all billionaires a lot of it is made-up money - if you tried to sell your $40 billion of Tesla stock for $40 billion actual real dollars you're going to run into some issues. This was an opportunity to get full face value for his stock at an inflated price, it is absolutely the moment you cash out as fast as possible. Young Freud posted:Considering that billion dollar interest on the loans Musk took out from them, they getting more off the interest than they'd ever get from Twitter. And if Twitter goes belly up, they lose nothing and potentially get a hold on Tesla. The Saudis aren't getting poo poo in interest; they didn't loan him any money. They're just keeping their 2?-ish billion dollar stake in Twitter. If Twitter is worth more (lololol) in the future they make money; if Twitter "goes belly up" they lose their 2 billion-ish dollars. idiotsavant fucked around with this message at 23:45 on Nov 1, 2022 |
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Nov 1, 2022 23:41
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evilweasel posted:No he declined the $54.20 and kept the equity in musk-owned twitter
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Nov 1, 2022 23:41
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evilweasel posted:No he declined the $54.20 and kept the equity in musk-owned twitter What a loving moron.
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Nov 1, 2022 23:55
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Has anyone suggested to Elon that he charge a one time fee for registration, and then charge users for options like changing their profile picture and the ability to message other users? Seems like a business model with some track record of success
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Nov 2, 2022 00:56
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Automata 10 Pack posted:Well, looks like the brown coats got the message. What did firefly fans ever do to you? Not to  but he got knocked out after he *tackled* the suspect on his driveway. Still hosed up that he was being harassed at 5am but the headline makes it sound like they broke in and beat him up. Still got some time on our Weimar speedrun
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