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Main Paineframe posted:Remember how he was threatening to publicly call out companies who cut their Twitter advertising, and how it was extremely obviously a terrible idea? So rent-seeking is taxation now?
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Nov 29, 2022 03:06
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haveblue posted:I like how this article is almost entirely focused on Apple holding and abusing power and money and not on how Twitter is forcing their hand by being turned into such a shitpile Apple can no longer ignore it by a far more egregious and dangerous abuse of money and power Journalists are terrified of the idea that rich assholes can have the slightest consequence for their behaviour.
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Nov 29, 2022 04:52
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Edit: gently caress, wrong thread. Mea culpa.
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Nov 29, 2022 06:18
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https://twitter.com/markdistef/status/1597475865767464961?s=46&t=6uD13uI2BvSQZY5ppxZddw
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Nov 29, 2022 07:48
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This seems like it won’t end well https://twitter.com/wired/status/1597320366002610183?s=46&t=9Z1BFALv98P2tH4abwjPtQ
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Nov 29, 2022 16:55
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I get the feeling Musk did some really lovely math to convince himself his idiot schemes to monetize Twitter will save his rear end from those gigantic interest payments, and he's now lashing out at Apple because he didn't factor in their app store cut into that.
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Nov 29, 2022 17:44
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Is it me or did Facebook decide not to give a poo poo about Giving Tuesday this year?
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Nov 29, 2022 18:02
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FlamingLiberal posted:This seems like it won’t end well It will end well if the only thing you care about is the destruction of twitter.
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Nov 30, 2022 03:20
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Waiting for the inevitable big brain boy Elon tweet, "if you see any child abuse on Twitter, just DM it to me" 
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Nov 30, 2022 03:30
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FlamingLiberal posted:This seems like it won’t end well
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Nov 30, 2022 04:39
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OneEightHundred posted:That type of job has ultra-high turnover for obvious reasons too so unless they get more it'll be zero before long. Betting Elon isn't the type to provide mental health or counseling to his content screening team either.
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Nov 30, 2022 04:51
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Rappaport posted:Waiting for the inevitable big brain boy Elon tweet, "if you see any child abuse on Twitter, just DM it to me" Didn't he already do that a week or two ago?
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Nov 30, 2022 21:42
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https://twitter.com/reuters/status/1598031954951213058?s=46&t=s_jJebY8FkF3T0MnTp7i3Q
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Nov 30, 2022 22:42
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Darth Walrus posted:https://twitter.com/reuters/status/1598031954951213058?s=46&t=s_jJebY8FkF3T0MnTp7i3Q Getting my social media platform banned across an entire continent to own the libs.
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Nov 30, 2022 22:44
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Again, I do not understand why Musk gets to keep Twitter when he paid for it with money he does not have and will never be able to pay back.
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Dec 1, 2022 17:53
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Space Cadet Omoly posted:Again, I do not understand why Musk gets to keep Twitter when he paid for it with money he does not have and will never be able to pay back. These things don't unfold instantaneously, he gets a chance to try for a while. Eventually it will be determined that he has failed and then we see what happens
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Dec 1, 2022 18:00
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haveblue posted:These things don't unfold instantaneously, he gets a chance to try for a while. Eventually it will be determined that he has failed and then we see what happens How long is the time limit on this? Years? Months?
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Dec 1, 2022 18:10
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First he has to meet payments. If he doesn't, there may be proceedings. None of this happens quickly or easily because all of it is structured to help the rich
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Dec 1, 2022 18:12
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Nothing bad is going to happen to Musk personally. He’s not going to lose his house or have to move to Detroit or whatever, the system has a whole special rule set just for the .01%, and it has no fail state. The worst that happens is that Twitter goes down, the bank never gets its loan back, the government bails out the bank, and some loan manager none of us have ever heard of gets fired.
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Dec 1, 2022 18:26
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Space Cadet Omoly posted:Again, I do not understand why Musk gets to keep Twitter when he paid for it with money he does not have and will never be able to pay back. he only managed to borrow $13b of the purchase price he's out $20b-30b of actual money out of his pocket (the difference is based on how much of the equity he was able to sell to other suckers, which I don't know offhand and don't know if its public)
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Dec 1, 2022 18:29
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and yeah, when he can't pay back the loan, he loses twitter and the banks own it he will pay about $1.25b-$1.75b per year for the privilege of staving off the banks until the inevitable turning over the keys to the bank. all in all, he will be out a very considerable amount of money for his year or two loving around with twitter.
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Dec 1, 2022 18:31
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He could also just buy the loan himself or pay it off and he would own it debt free. He would have to sell more Tesla stock though
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Dec 1, 2022 18:48
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koolkal posted:He could also just buy the loan himself or pay it off and he would own it debt free. He would have to sell more Tesla stock though Which has been on an aggressive downward slide since just after he bought twitter, if I remember right.
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Dec 1, 2022 18:49
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Captain_Maclaine posted:Which has been on an aggressive downward slide since just after he bought twitter, if I remember right. It’s most likely going to stay on a slide all the while the twitter homepage is replaced by a picture of his entire rear end
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Dec 1, 2022 18:53
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koolkal posted:He could also just buy the loan himself or pay it off and he would own it debt free. He would have to sell more Tesla stock though Is this closer to the leveraged buyout/firesale scenario?
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Dec 1, 2022 19:07
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Discendo Vox posted:Is this closer to the leveraged buyout/firesale scenario? this would be doubling down on the purchase, throwing an additional $13b (maybe he can secure a discount) after the previous bad money. but it would delever the company because it would eliminate all funded debt, so as long as twitter could generate positive cash flow it wouldn't need to go bankrupt
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Dec 1, 2022 19:13
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Mzbundifund posted:Nothing bad is going to happen to Musk personally. He’s not going to lose his house or have to move to Detroit or whatever  good we don't want him
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Dec 1, 2022 19:21
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evilweasel posted:this would be doubling down on the purchase, throwing an additional $13b (maybe he can secure a discount) after the previous bad money. but it would delever the company because it would eliminate all funded debt, so as long as twitter could generate positive cash flow it wouldn't need to go bankrupt I see, thanks. I think I’m still struggling to comprehend how thoroughly Musk’s brain is boiled. A competent monster would be able to do so, so much harm with a privately held twitter…
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Dec 1, 2022 19:29
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Unsurprisingly, the exodus of Twitter users to alternative platforms which previously had barely any users hasn't gone that smoothly. The funniest story so far is that of Hive Social, an iOS-only social network which was particularly beloved by journalists, streamers, and other social media influencers and was thus rapidly growing in popularity - despite a sketchy and secretive leadership team and a number of technical problems. About a week ago, as a bunch of notables were signing up on Hive so someone else couldn't snipe their username and set up a fake account, a lot of people learned the hard way that Hive doesn't have unique usernames. And no verification system, either - anyone can make an identical copycat account and it's literally impossible to distinguish them. https://twitter.com/siracusa/status/1595251572656680960 Hive said they were adding a system to address that, but I'm not sure if they've implemented it because we've already moved on to the next technical disaster: they put user authentication on the client side rather than the server side, so anyone who knew how to access the API directly could access other users' accounts as if they were their own. That meant being able to view anyone's private posts and private messages, and even being able to edit other people's posts: https://twitter.com/zerforschung/status/1598070384825610240 It's apparently not easy to fix either, because it's bad enough that Hive took their entire service down and are planning for the entire thing to be down for days: https://twitter.com/TheHIVE_Social/status/1598119071907991552
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Dec 1, 2022 20:00
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Hive kinda sucks. Mastondon is good and could be popular if they just explained the whole "instance" situation better and made that aspect a lot more intuitive.
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Dec 1, 2022 20:13
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nine-gear crow posted:Getting my social media platform banned across an entire continent to own the libs. It helps him frame things as a "battle for free speech" or whatever though.
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Dec 1, 2022 20:27
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Haven't heard very much the last few days from Musk/Twitter, or the media reacting to it. Has it just been white noise of "meh, you've already done worse" or has he actually been relatively silent?
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Dec 1, 2022 20:37
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Automata 10 Pack posted:Hive kinda sucks.
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Dec 1, 2022 20:46
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I favor cohost. Mastadon has terminal FOSS brain and a somewhat stupid culture.
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Dec 1, 2022 20:52
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Alkydere posted:Haven't heard very much the last few days from Musk/Twitter, or the media reacting to it. Has it just been white noise of "meh, you've already done worse" or has he actually been relatively silent? I think people, especially journos, are starting to put two and two together and realizing there is nothing on the other side of the escape hatch except vacuum, and making Musk or any of his informants mad will get them banned without comment so they're shutting up because that's career suicide. Combine that with the fact that anybody who has actually done the right thing and ditched is no longer part of the conversation (because it's still happening on Twitter) and yeah it makes sense that it feels like it's died down. Musk made a big deal of bringing Kanye back, wonder if anybody is going to ask him for a comment on his Alex Jones interview today.
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Dec 1, 2022 20:56
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Hive on paper sounded OK but clearly it’s just a shitshow At this point it makes more sense to wait and see where the majority of people go and not rush, or you end up getting compromised
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Dec 1, 2022 20:57
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Space Cadet Omoly posted:Again, I do not understand why Musk gets to keep Twitter when he paid for it with money he does not have and will never be able to pay back. Being Wealthy is more about convincing other rich people that you are also rich than anything, it's all very ouroboros-like and stupid
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Dec 1, 2022 21:02
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Alkydere posted:Haven't heard very much the last few days from Musk/Twitter, or the media reacting to it. Has it just been white noise of "meh, you've already done worse" or has he actually been relatively silent? There's still new stuff coming out about it pretty much every day, but it's pretty hard to top what he's already done so far. Just in the last week or so, he issued a "general amnesty" for right-wing hatemongers while happily banning whoever Andy Ngo tells him to, he threw a public tantrum about Apple (one of Twitter's biggest advertisers) pulling their ads, and he's holding weekly "code reviews" for literally everyone in the company while the advertiser portal is reportedly falling to pieces behind the scenes. And of course he's still being a reply guy for various right-wingers, and highlighting random things like app store fees as plots to destroy America by destroying free speech.. His current random tangent is being mad that tweets get a lot more views than likes, which he apparently blames on the fact that the audience doesn't believe "likes/RTs don't imply endorsement". 
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Dec 1, 2022 21:09
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In a sense, he is right about the nature of likes--a lot of time I'll think something is horrible but I like the tweet because its exposing something horrible or going in depth about it. "I like this" doesn't really cover that. Blind squirrel finding a nut.
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Dec 1, 2022 21:44
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Main Paineframe posted:Hive said they were adding a system to address that, but I'm not sure if they've implemented it because we've already moved on to the next technical disaster: they put user authentication on the client side rather than the server side Even the most smooth brained basic rear end engineer in the world should've known this is a terrible goddamn idea, Jesus Christ.
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Dec 1, 2022 22:00
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