Twitter is Going Bankrupt!
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- Опубліковано 1 гру 2023
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Elon Musk told advertisers who have halted spending on X due to his endorsement of an antisemitic post to “go f**k” themselves, in an unhinged interview with Andrew Ross Sorkin (who Elon calls Jonathan). Musk said that a recent exodus of big brands was “going to kill the company, and the whole world will know the advertisers killed the company”.
Musk, who bought Twitter (which he has renamed X) for $46.5 billion dollars (including transaction costs) in October 2022, dismissed the idea that he wanted advertisers to return. “If somebody is going to try to blackmail with advertising, blackmail me with money, go f**k yourself,” he said. “Go. F**k. Yourself. Is that clear, I hope it is.”
On December 10th Elon Musk reinstated the twitter account of the controversial podcaster Alex Jones reversing his statement from a year earlier to keep Jones off the social network.
Twitter makes almost all of its revenue from advertising and is saddled with $13 billion dollars of debt. Is Twitter about to go bankrupt?
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I want some discounts for icecream!
X - Twitter has finally succumbed to the ides of being just a waypoint to OnlyFans!
Unsubscribed.
And what about a video regarding this advertisers that so much contribute to our lives and planet???
dear professor, you're not entirly honest with your review. just comparing apples to oranges citing the come back in Meta this year, while stock tumbled before because of integrity issues. you know what kind of issues where true content is smeared or cancelled because government or agencies need that. c'mon, show some independence.
It's been a year since Musk bought Twitter? Somehow it feels that this whole saga has been both far longer and far shorter than one year.
I think the pandemic really screwed with our perception of time. I feel like 2020-22 was just one big long day.
the great thign is he fired 78% staff just to prove thay you dont need that much people to run the company. especially woke one
If you tune out the news, it feels like nothing has changed on Twitter and everything has.
On one end, the migration from Twitter hasn't gone well. From personal perspective , my feeds across politics and fandoms are almost unchanged. On the other hand, there's all this new bs, like more alt right accounts and needing an account to view tweets, but it feels normal on Twitter.
@defundhollywood3259 absolutely. As I've gotten older my time perception has gotten weird. But the pandemic has really did a number. Like OP said, some things for me can in one way feel like a few months ago or 5 years ago. It's weird lol
Yeah, same for me. It’s unbearably long and oddly short at the same time. Elon has that effect on me.
For years, I had suggested someone buy Twitter and delete the whole thing. My dream has come true.
😂
Stateside, a lot of folks hoped this is exactly what Elon was doing.
im sure you will have grand ol time on facebook
Little wonder then that it is called X.
X'ing it out! That makes sense now.
How does a company fire 80 percent of the workforce, and close 1/3 data centers, and then double expenditures? Where's that money going if not labor and capital equipment?
I wonder if it's a loan death spiral, taking loans to pay off today's loan payments
It has to be since buying Twitter check marks would've insinuated a desperate attempt to recoup back some money to pay off the debt
Because half of those people were government spies and trolls. And the other half were covering for pedophiles.
Twitter was actually getting a lot of support under the table from the intelligence branches. So now they are going open agenda, they are having those supports kicked out from under them.
He owes a billion per year in interest for the loans he used to buy twitter
Elon really did flip between "we don't need your money, stinkin advertisers" to "if you withdraw your ads, it's your fault if we go bankrupt".
Pure unadulterated narcissism.
As hypocritical as a 'free speech absolutist' suing a media company for showing how they used his site to get ads that were accepted by his site to be displayed on his site next to posts on his site, and this caused his site to look bad.
He said he’s not going to cave to advertisers. And if that means they go away and Twitter doesn’t exist then that’s what happens.
I say good for him for having a spine and not letting some woke morons tell him how to run the platform.
@codycast
I see. Companies maximising profits (or getting the best bang-for-buck returns on advertising dollars) are by your definition "woke" if they don't fit your ideology.
@@canwelook “I see”
No you don’t
Thank you Patrick for being one of the most trusted news sources in Hip Hop.
Word!
can't spell Patrick without R, A & P
the rap news is why im here
So happy that this channel is refocusing on its core values and sober dress sense.
Careful you do not want Trap Lore Ross to drop a diss track
"Johnathan, the only reason I'm here is because you're a friend"
"I'm Andrew"
_♫Inception horn♫_
at least musk is giving us some real life movie-grade comedy
😂😂😂😂😂😂🤣🤣🤣🤣🤣I'm on the floor, literally. That's the best part of the interview.
@@severinechantalou128 IKR 🤣😂
His tirade about Twitter becoming 50% of global financial system makes it obvious he didnt consult ANYBODY if that even is possible, let alone achievable with a microblogging site....
I simply respect people who call Twitter - Twitter.
tool
I don't care what people call it, but saying what you said makes you look like a tool.
@@camulusi7739ironic
@@camulusi7739 Skum
@@camulusi7739I get it..
Quote from about a decade ago:
Twitter's business plan, such that it is, has always been something along the lines of “Get big and popular, then just flip the switch and start making money when we feel like it”. There is no switch.
-- John Gruber, Daring Fireball
It’s honestly the business model most associated with VC broze.
Behind the scenes with the major social media platforms, there are dealings we aren’t privy to though. We got a little peak inside from The Twitter Files.
Also applies to Uber. And pretty much any company that brands itself as disruptive.
And yet Elon wishes his Twitter made a tenth of the profit it did when that quote was made
@@gregkosinski2303FBi collusion I think occurred too under Dorsey
Oh you business kids 😂🤣. You think media companies exist to make money. So adorable
Came for the rap news, stayed for the business commentary.
Lol. 😂
I felt it dragged on a bit before we circled back to some good rap content.
1:36 LMFAO He really paused, awaiting rapturous applause. He keeps looking at the audience, trying to prompt engagement, but they werent biting and dude didn't know how to process it 😂😂
I think you are wrong.
"X" by name, "ex" by nature.
Brevity is the soul of wit..beautiful
The world's most divorced man has pioneered the world's most divorced company.
It’s ironic that he’s holding a toilet seat as X formerly known as twitter shares goes to the toilet.
🤌
Very nice.
Crazy to think Twitter, an online space, lost money in 2020, when people were actually living online.
It was struggling to be profitable even before the buy.
@@johnyewtube2286In other words, it wasn't.
@@vesogry
Yes that is another way to say the same thing.
Twitter had profitable quarters before Musk bought it, it wasn’t every quarter, but they would have them. The big deal then was that their debt was low (read, in the millions of dollars), and CHEAP, aka low interest rates, so they could continue to operate without a profit.
Now that Musk bought it, the debt has ballooned to billions of dollars, and exists at a much higher interest rate. So it costs way more just to service their debt, regardless of the cut of “bloat” (aka all the people who were keeping it servicably running)
I think it's only had a handful of profitable quarters in its entire life.
I always call my friends Jonathan when I forget their names.
Ha Jonathan funny you're also subscribed to this channel
Personally I prefer Steve, unless they're being a real Karen.
Especially when their full name is on display behind them. 😂
It's alright Jonathan we've all been there.
Don't get carried away Susan.
You gave me a good laugh when you said that if Elon wanted to get into financial payment systems, maybe he should have bought a bank.
He shoulda gotten a stake in some existing payment company, maybe something like Paypal.
@@judychurley6623This is a level of tongue in cheek that only viewers of this channel are going to get. 😂 (Also I wonder how much of PayPal he still owns? I saw at his peak he owned almost 12% of shares, but I can't find any current information.)
If Twitter goes bankrupt I probably won’t know about it until at least a week maybe more.
It will still be online
"it will cease to exist if you stop advertising"
"Ok."
Musk seems to think that most people give a shit if twitter lives or dies
They do and the fact that you think that what is widely accepted as the internet town square. Which is independently owned now and no longer in the pocket of the American government. The fact you think that has no baring on society makes you colossally out of touch. I don’t personally use Twitter but I fully recognize that it is literally how most live footage of any news worthy event is decimated to the public. How any artist performer, speaker, author or celebrity communicates with the public. It is obvious that it is not something which will be replaceable.
Mr. I don't care what you think
* looks desperately at crowd for validation *
Why do you ppl care so much about this guy? it's weird
Either you worship him or you enjoy seeing him in pain. You're all weird af
@@SuperPhunThyme9because he has so much power. He need to be scrutinized
I waited for -Jonathan- Andrew to just ask the obvious after Musk said "the Earth will know that advertiser boycott killed Twitter": -"...So?"
...and there was much rejoicing 😂
And nothing of value was lost.
The comment is that if a group of advocate managers of money can co opt their mission to make more money for shareholders into we control the political agenda of the nation and kill twitter in the process, it has ripple effects though the entire corporate world, it means no companies can sit on the fence anymore. The ppl making the business political are using pension money that doesn't know what its being used for; and the real poison pill if twitter goes down is a fight to make the owners of that pension fund money aware of what their money is really being used for.
My favourite thing is Musk calling Andrew, “Jonathan” when you realise the guys name was literally written on the walls behind him. 28:04
I like how Musk said “I’m only here ‘Jonathan’ because we’re friends.” HAHAHA! Right, we all forget our friends names. 😂
Andrew is now Jonathan, Elon's rebranding process in real time.
O, yeah! Wouldn't it just have been too perfect if he simply had answered him he didn't mind at all being rebranded this promptly, or in that manner, himself either, as long as it was by him (i.e. the almighty Elon Musk) ??!
@The22Jeanne The thoughts of the rebrandee are unknown to me, if indeed he had time to think.
@@robertmckinlay7242 O, snap indeed : They'd all merrily call themselves the "Musky Rebrandees" ! Cheers 🥂 & ☮0ut, jb
He should have just rebranded him with a letter. Like “Y” or something like that.
I love that Patrick refuses to call twitter "X"
How about TwiXXXer?
@@tschorsch 🤣 that's how I will be calling it from now on! Brilliant thanks
Elon-Musk is to X as Humpty-Dumpty is to Eggs
Well Twitter is the site's name, so it makes sense.
@@MyNameIsChristBringsASwordbecause .. bird ... omg. He should have called it TwitterX (in series with SpaceX) and added a hatching egg to the symbol. That would capture the vibe of rebirth, purity, reveal, etc that he pushes aka removing moderation
One of the signs that a leader has no clue is when he wants his company to be "everything" when it can't even do one thing well!
yea i know right! dont you just miss the good old times when twitter was just a DNC propaganda company running at a monstrous loss willfully, full of political extremist activists banning people for making kindergarten level biological facts and censoring the biggest stories in the world because it would change millions of votes and change the course of an election?
Said a guy from his basement PC against the most rich man in earth.... LOLz
@@geovam3062he's not even the richest
True! who said it?
@@geovam3062 true. Armchair billionares never seize to amaze me
Elon when he’s not front of a group of fanboys really shows you he’s nothing without them 😂😂. He real deal thought his wannabe mics drops was gonna be filled with applause lol.
TY for spacex, cool system, getting lots of col research done as a result on the cheap but yeah he needs to stfu
Elon Musk has a lot of money to hire and pay people to invent the things he has no clue about.
If you look at him and analyse his behaviour at public events, you will quickly realise that he actually is a jerk.
@@VelereonicsspaceX burns billions it isn't cheap lol
@@GeorgeJoubert-id2cv in comparison to what it did cost yeah it's super cheap. It also Dodges all the bureaucratic bullshit, ends up just factoring down too it costing less because it takes less time to do things
@@Velereonics that's an ideological assumption and doesn't match the reality, spaceX still has bureaucratic burden and their cost cutting is notoriously responsible for a long list of extremely expensive failures or "unplanned rapid disassemblies" that NASA would never have been able to get away with since they are held to a much higher standard. SpaceX also has a lot of employees poached from places like NASA with high salary incentives so is burning government money paying the same people more than they were before, just indirectly and less efficiently.
20:30 the reason people lost interest in Twitter is that updates and discussions are blocked for lurkers who don't have Twitter accounts. So 80-90% of the audience for celebrity's tweets can't actually read their tweets.
If you want to use Twitter why not create an account? I don't get that
apparently just liking the wrong tweet can earn you the Eye of Sauros@@gcooper642
@@gcooper642 They want to view Twitter from time to time, that isn't the same as using it as an actual user.
I have viewed reddit without ever making an account. I have no need since I have no desire to post or comment. UA-cam was the same for awhile, since my viewing history already kept my favorite channels on my main page, I didn't have a UA-cam account for years and years. Now they've made the home page, both with and without an account, since they force shit you have never shown an interest in onto it solely because they want to retain eyeballs. It's why everything has gone to short-form content, to maximize the ability to retain people for hours on 15-30 second clips.
@@gcooper642 you are so close to getting it
@gcooper642 Why should I? You don't need a reddit account to read reddit. I don't want to share my data with Twitter. And I don't want to see drivel by the likes of Musk or Tucker Carlson in my feed, as the algorithm pushes it to you.
Let the prospect of Twitter’s impending bankruptcy sink in I guess.
😂😂😂
Oh yes, twitter is going down for #924 time this week. Any time soon Musk will fail just like people predicts for years.
They may be what he wants
Let that sink in, is the most boomer cringe meme that you could choose to use.
Elon Musk and his fans seem to think if they act obnoxious enough, they'll change reality
Well, they've turned themselves into a joke, so I guess that's changing reality
It amazes me how anyone can honestly believe Elon isn't a gigantic idiot.
Well, that's literally how the jews do it...
You people used to love him before the media decided he was orange man the second. Your opinions on him would never have even changed unless someone told you to change them.
@@Aggrobiscuit WHo is you peolple? WHat evidence do you have behind any parts of your comment?
I don’t comprehend how anyone can take a person seriously when they utter “if done right, it could be 50% of the global financial system.”
maybe he's much smarter than you...
@@justingriffin2546has he done it? Is he on the way? He is probably way smarter than me. But the way things are going, it feels like people who believe him are not smarter than me.
@@justingriffin2546nothing shows that
@@justingriffin2546🤣
Counterpoint: Cybertruck
Thanks Jonathan. The only reason I watch is because we are friends.
I would have thought that Twitter's most valuable asset was goodwill - the company's name. Changing the name was monumentally stupid
Twitter… good will… when???
You're right, Twitter only had goodwill because it was a dead business. Now it has AI and valuable subscription revenue.
You're assuming Elon even knows what "goodwill" is in company valuation. I think you're considering him way smarter than he is 😁
100% agree. The name change to X was so stupid. It's like Coca-cola changing their name to J. WTF???
@@APRENDERDESENHANDOElon has run many successful multi billion companies. I think he knows what goodwill is and you have no clue whatsoever.
Blackmail? It's a free country, advertisers can hop on and leave anytime they want like they're on a train. There's nothing wrong with it. It's the price of the free internet.
Don’t pretend it wasn’t implemented intentionally motivated by his refusal to censor the platform. It wasn’t an organic choice it was pulled as a coercion tactic. If your getting donations from someone regularly and then they tell you if you don’t do something immoral there going to stop paying you. It is atleast coercion, black mail is a stretch but it is in the ballpark of what they are attempting to do. Using money to get you to compromise your principles could be called black mail.
If it was organic then of course it would just be silly but it was his refusal to take down peoples exercise of free speech that caused it. So I think you are being a bit opaque in how your framing things.
I have never understand why people consider Musk to be a genius. Most of the time his ideas are insane.
The man is an idiot
Believe it or not, it was the "Iron Man 2" cameo.
It did wonders for his image, as the public began associating Elon with 'Innovation' by proxy of Iron Man.
You know, for a financial analyst, Patrick is the most deadpan comedian I think I've ever watched. I laughed out loud so many times in this video (although he did have good material to work with, Elon is the gift that keeps on giving)
grift *
Sequoia capital at 7:51 near made me choke on water xD
Xielon Mausk does not approve
lol'd for real when Jack Dorcey was pictured (as the lover of the Russian Queen).
I know! I hope Patrick keeps up with the deadpan comedy in his videos
"When people get too chummy with me, I like to call them by the wrong name to let them know I don’t really care about them." -Ron Swanson
I do that with my mother in law
To your children?
Musk's rage just keeps escalating as his Twitter debacle and the bad press it has generated gets worse and worse. That's why he keeps saying dumb things. It's both horrifying and amusing to watch.
yea i know right! dont you just miss the good old times when twitter was just a DNC propaganda company running at a monstrous loss willfully, full of political extremist activists banning people for making kindergarten level biological facts and censoring the biggest stories in the world because it would change millions of votes and change the course of an election?
what dumb thing has he said by the way?
I used twitter way way back when it was the new thing on the net
But after constantly reading comments from complete uneducated idiots I deleted the app and never went back
So watching it’s history unraveling I’m not surprised and laughing at the fact of everyone else catching on
Everyone already knew Twitter was a trash fire dude, it's literally a meme. You could definitely be on it and not see that if you were careful who you followed but in general...yeah.
Patrick is the king of irony.
Deadpan I think is a more apt term. But Musk has gotten so insane that it's hard not to break the 4th wall.
I always think he might be British 😂
And scorching sarcasm!
@@philipps3988 He's a 24 carat Paddy living in London. Terrific accent.
Not sarcasm, but rather removing the varnish to with a paint thinner of truth
Glad to see Patrick is giving people what they want: more rap-related information and dumping all the economic nonsense 😊
Rap? I thought this was ASMR.
RAP News, man!
{checks notes}
*Crap related news
@tabarnacus5629 ASMrap?
I wonder what that would be like.
Can't wait to see Patrick feature on The Top Of The Pops... 👨🎤
Did you know Musk was just a boy when he fell in love with inventing things that already exist.
The most important impact of Twitter Blue was on Tumblr, which started selling checkmarks that, it was very clear, don't mean anything at all. Tumblr also allowed users to buy an unlimited number of checkmarks which would all be appended in series after the blog name. This was wildly popular, as Tumblr users love nonsense and don't care if their platform is at all usable. Many blogs purchased dozens of checkmarks that stacked to the extent that it broke the template and the blog title was no longer readable, much to everyone's delight. It led to demands for other idiosyncratic features such as being able to send animated dancing crabs to cover the dashboards of other users.
The reality is, even if twitter wasn’t controversial, you will find that twitter doesn’t have a good ad click through rate
As an armchair observer, that just seems like a matter of how scummy twitter chooses to be. All they have to do it be more "proactive" with user data. Its not brain surgery.
Just as most newspapers are running at a loss, Twitter is incredibly influential, which is why other billionaires prop up these financial failures. They are paying for influence.
Yeah, Twitter was about to be lapped by other social media platforms even if Musk didn't buy it. Twitter was just full of bots and TikTok just became a serious player back then so it was another powerhouse that was carving into the same advertising pie (and the entire advertising industry was taking a hit from rising interest rates). The main thing Twitter has is engagement, but it's actually a terrible platform for advertising, which is why they never made money.
@@jetnavigatorexactly. Twitter in it’s current state is a vastly better site to use, and a vastly harder site to monetize. Really, what should go out of business is the criminal enterprise known as the ADL
and that's why they are happy to use 'space man bad' as an excuse
Patrick's comedic delivery is as dry as the moon and just as beautiful.
poetic and true
Maybe dry and burnt like mars?
No, it isn't. This is a Patrick long lost track from his orgins.
When did low tier snark become comedic delivery?
The pic of Rasputin when he said Jack Dorsey had me rolling
That clip of Musk telling advertisers to GFY is so utterly cringe. He looks like a muppet.
and puppet
Came for the rap news, stayed for finance analysis.
Also I cannot overstate how much I’m in love with the dry sarcastic brand of humor on this channel ❤😂
U just did.
"and the noted Free Speech absolutist..." your dead-pan delivery has me in stiches
How did NOBODY notice her suit was inside out before going on stage?! lmao
Maybe they did but were more interested in seeing the clown show get even more absurd.
Incredible as it may seem, I think it was meant to be like that. Either that, or the tailor forgot to sew in a liner.
It wasn't. It's some weird stupid fashion statement and Patrick made a joke about it.
Elon musk saying go f yourself has the most awkward thing every especially how he was looking around for approval. It was almost as bad as jeb bush saying please clap
Imagine being so entitled that you run a farright opinion outlet and then when you dont get advertising you blame said company. This is like being a incel of free trade.
When he bought in that sink everyone tought the joke was "Let it sink in" but in fact it was "I'm sinking it".
He should have brought a drainpipe to bring Twitter down the drain
@@musa7606 well, based on financial statements when it was a public company, it had a path to profitability. that path just disappeared when saddled with debt from the buyout though.
Sinks are underrated. You can wash your hands in it. And you can pee in it. If push comes to shove you can shit in it.
How do you fire 80% of the staff, liquidate 1/3 of your datacenters while increasing expenses from 4.5b to 6b dollars? Where is that extra expense coming from/going to?
His pocket.
It has never made money. He bought it to flex his vanity. Only a cash crunch will stop this noise.
That’s how you prove you’re right - by constantly talking over the person questioning you
I love how Elon acts like he has uncovered some secret ploy of advertisers as if the whole world didn't know about the power of ad money already
He does this all the time, he bought and got his empire with other people's ideas he has stolen
the whole world knows, and does nothing about it.
I find it odd that Elon thinks people care about Twitter.
The right see it as a place for blue haired land whales to complain about pronouns, the left see it as a place overrun with right wing racists, and the rest see it as a sh!t show that the world would be better off without.
There's no love for the company in any quarter.
It's just the corporate Darwinism aspect to proper capitalism. Bad businesses die. No secret plot or plan, just quite literally, business as usual
@@david7384 because the economy we created depends on it
I love the tiny little jokes Patrick slips in and delivers with a perfect dry delivery.
"She didn't realize her suit was inside out until she was on stage."
Or the visual gags like Sequoia Capital being a lightning struck tree trunk.
Her suit would probably look better inside out...🤣
Wait, that was a joke?? I seriously thought that's the only logical explanation for the photos he provided. Surely it's not what that suit actually looks like?
Yes, it is. Thats the design. Check pockets and collar. She is wearing it the right way round.@@kathorsees
@@kathorsees Yeah, it's thing but not many know...
I'm a little sad such a huge place for global grassroots conversation and reporting is being ground into dust, even though we get to see such gems as Elon saying "they can go f themselves!" and pausing for applause as the audience sits in silence. That's a golden moment
Ketamine plays no favourites.
Pure unadulterated narcissism.
Allowing free speech is redefined as "ground to dust". It's not like Musk has a history of failed businesses, quite on the contrary.
Musk was clear from the start that he wanted to be less dependent on advertisers and he's been changing the cost structure of the company to make this happen. I see the GFY as a sign that they're further along than we think.
I loved the go fuck yourself
I'm very happy. Twitter needed this so much.
The genius tries to explain how he destroyed billions to make this 4chan 2 .0
I appreciate the fact that you keep calling it Twitter ...I refuse to call it anything else.
So brave
@@chickenfishhybrid44 bravery has nothing to do with it. It is just funny. Also reflective of the fact that Twitter's branding had reached a level of recognition that few companies can even aspire to. Everyone knows what Twitter is and what a tweet means. The name Twitter is like Coke or Kleenex. Then, a self proclaimed genius inventor comes along and throws it away. For no reason. It will always be Twitter until the inevitable bankruptcy.
I refer to it as Elon Musk's X, which I often shorten to Grimes.
Same here & with tons of other people.
@@DavidVT23 😆
The owner of the company giving ketamine fueled interviews wherein he tells advertisers to 'Go f*** yourself' and the CEO giving interviews with her suit on inside out.
Yeah, seems fine.
Earth before advertisers leave twitter: 🌍
Earth after advertisers leave X: 🌎
How does lemon musk end up with 10 billion dollars ? Give him 44 billion dollars to start with
Putting the rasputin photo for jack dorsey had me burst out laughing
same. That man is an incarnation of rasputin indeed. lol
jack horsey 😂
And the Sequoia tree lol
It really was a shame how Dorsey carried on.
Jack is very weird guy. Definitely gives off strange wizard cultist vibes
It really speaks to Elon's character that his argument for Twitter is now basically that of an edgy teenager: "They'll be sorry when it's gone! Everyone will feel really bad that they weren't nicer to Twitter!"
Or how a reddit style "nice guy" act when a girl turns them down
Yeah, but the whole thing will be documented. It will be documented, you see. Doc-u-ment-ed.
Man you all are fucking stupid lol.
He supposed to be instead begging for money those fat wallets for the fear of being blackmailed ?
@@SK-vg3mwYou’d be wise to google what a false dichotomy is. It will make you sound substantially more intelligent next time
thank you for this. every single day i'm shocked how many people in the world are unable to recognize a delusional narcissist when they see one.
"Is Twitter profitable?"
"It is about break even" >> Really means, "Twitter is bleeding to death as we speak!!!!!"
Amazing that Parag Agarwal managed to offload Twitter at such a high price. It’s obvious that Twitter was barely worth $10 billion when Musk bought it and now worth a lot less. Agarwal cleverly locked Musk into the high price and forced the sale, very few CEOs could have pulled off such an amazing sale for their shareholders without breaking the law…
Brown boys do it best
When you have a dummy like Musk, it is almost too easy. I hope the US gov will not bail him out in 2-3 years.
The thing is: The market value of Twitter had nothing to do with its revenue and still does not. It has lost money most years and had no way of turning that around. What it did have was a captive audience that they could censor and influence. Twitter was extremely important in shaping public opinions and a lot of leftist corporations were willing to overpay for advertising in order to support the company that supported their values. That was the source of its value.
Now that twitter no longer have a leftist bent they no longer have any reason to pay it. Better to destroy it and hope that its audience move over to a platform that they still control.
Given how stupid Musk appears, is it really that impressive that someone outmaneuvered him?
@@MEWJr90 no, most CEOs would have told Musk to pay up the $1 billion to exit the agreement.
Agarwal forced Musk to buy Twitter by threatening to expose his texts & emails in court and Twitter paid their specialist law firm $90 million once the sale went through, its an obscene amount of money for such a short case.
I wouldn't be surprised if most of Twitter Blue users think that a piece of paper from Established Titles makes them a real Lord.
I never really looked into that situation but I always figured it was exploiting a loophole that *technically* made you a lord but gave you no actual benefits.
I'm assuming not even that's true?
Yh people who pay for a way to improve their experience on a site they use daily are soooo stupid.
it does lmao. jimothy has 0 idea what he is talking about im afraid. audible sigh.@@Colddirector
@@Colddirector It wasn't true. First, being recognised as a lord in Scotland takes more than just land ownership. Second, Established Titles wasn't actually selling full ownership of tiny plots of land: they were selling what were effectively permission slips to use tiny plots of land that they still owned themselves. And it wasn't even exclusive permission: nothing in the legal language of their contracts was preventing them for selling multiple "titles" for the same plot of land. Third: the legally mandated annual accounting reports of Established Titles revealed that nothing they earned was going to any conservation efforts or any other charity cause: almost everything was going into operating costs and profit for the owners.
People don't use it for just the checkmark
Kind of amazing how Elon Musk thinks "not paying elon musk's company money" is how blackmail works.
My only experience of twitter blue is where I see a post on r/murderedbywords where some checkmark makes an absolutely braindead comment and then get completely dunked on
Why didn't he just buy 4chan for 1% of the price? It's clearly what he wanted.
X = 4chan 2.0
Because the only people advertising on 4chan are scammers and porn
@@bluejar5614 Analogies only work when they're related in some way, you made a terrible example that isn't related and is incorrect anyways. Sicily is very important in holding Rome, for example, when Belisarius takes Rome back from the Goths he first takes Sicily which gives him a base near Italy, ports near Rome itself, and control of the Mediterranean split.
Because buying 4Chan is something no one wants to do. If you thought Twitter was unprofitable imagine the nightmare trying to fix the situation that is 4chan.
@@bluejar5614 I am fairly certain it was just a joke. lol.
Daily reminder that often is best to stay silent when everyone think we are smart than speaking out and letting everyone know that we are dumb.
Elon Musk has two weeks left. Screencap this post. It's over. He's barely worth 300 billion now. Pretty soon he'll be worth less than Disney. By my generous calculations that still makes him the world's richest man, but not as rich as he was.
@@maniswil2 Doeesn't he still have a lot of net worth squirreled away in Tesla stock? I think that company's a ticking timebomb but I doubt it's going to collapse in like the next 2 weeks unless they put all their eggs in the Cybertruck basket lmao
@@Colddirector Yeah I can't stand the guy, but he's rich beyond imagination. He's on a level of kings of yesteryear. Thinking he's going to fail is insane. I wish he would. I think twitter is cancer on the internet, and Tesla is a car company for rich people to jack themselves off.
@@maniswil2Not sure about 2 weeks, but I won't be surprised if 5 years from now everyone talks about Elon Musk the same way they talk about Elizabeth Holmes
@@benc6613 Elizabeth Holmes was a fraud from jump street entirely. She never had a product-if it wasn't for her being a her she would of never left the ground. I think they are entirely separate even if mentioned in the same sentence. Even if EV cars are for idiots they are real and selling like hot cakes.
Musk is just pathetic at this point. Actually kinda sad if he wasn't such an objectionable excuse for a human being.
brain chip?
This has to be the very best rap news channel in the known universe. I had no idea that half the world would soon be banking on the eighteenth most popular social network. I was also amazed to hear that humanity was going to start migration to mars in just a few months. Bravo Patrick, and Jonathan.
yea i know right! dont you just miss the good old times when twitter was just a DNC propaganda company running at a monstrous loss willfully, full of political extremist activists banning people for making kindergarten level biological facts and censoring the biggest stories in the world because it would change millions of votes and change the course of an election?
@@wasdwasdedsfyeah and its not happening now in turkey there the oppisition is getting censored on twitter.
You can tell that Elon was expecting a roar of applause by saying that advertisers "can go f*ck themselves". Didn't happen, lol.
They're probably investors, most of them were too busy crying.
The second-hand embarrasment is strong with this one
It’s weird that he saw advertisers dropping out as a personal attack.
I wouldn’t even call it a boycott. Companies deciding to not do business with you is not a boycott. A boycott is a specific thing; for one thing, a boycott is organized. These companies didn’t organize to not do business with Twitter/Xitter. They just stopped advertising on the platform.
Woke NYC crowd who cry in the shower because Elon doesn't respect their pronouns
I think the ketamine has finally released his mind's grasp on reality
“As Jonathan said” was such a nice touch.
"Nothing is ever my fault. It's the advertisers, or the government, or the lazy employees. Never me." - Musk
💯
Well he could've left twitter the way it was, which was an ideological shithole and kept the place running nicely. Some people have principles though.
@@Aggrobiscuit I don't know what it's like for you, but for me Twitter has gotten worse. Pre-Musk I used to see gaming-related news I was actually interested in.
The last time I checked my home page there was some crazy conspiracy about a government assassination when a guy blew himself up. The "evidence" presented was such a stretch and yet it got millions of views. I never used to see this kind of rubbish on Twitter.
@Aggrobiscuit --- Principles like what? Please don't say free speech. This guy has literally banned critics, deleted community notes that debunked his bullshit, suppressed criticism of Erdogan in Turkey and Modi in India etc. Not to mention he artificially boosts right wing grifters, so twitter is absolutely still an ideological shit hole, it's just worse now at other things too like recommending good content. He fucked the app up.
And don't forget taking credit for "starting" Tesla and PayPal, as well as taking credit for the work of engineers
The defiance of calling it X in the title is palpable.
When Elon did his silly FU to advertisers, I immediately thought that he is creating a scapegoat to blame for his failure to manage X-TWITTER.
I sometimes wonder why a man that wants to reach mars decided to spend his energy with that shitshow of a platform.
my theory is hes seen trumps political successes and is trying to set the stage for his eventual run for office by building the “elon” brand. afterall, if trump can say the whole worlds nasty and out to get him and get thunderous applause, why cant he? (cause elon is in actuality, not an entertainer, trump is).
It's only failing because it's losing advertisers who were happy to dump money into a system pushing the woke bubble.
@@Rubicola174 i mean, hes lowered himself enough that us mere plebians are speculating on what possible endgame his antics could have, why not a little lower for some of that sweet sweet clout?
@@pyrelord8763 - Musk's endgame? How about positioning SpaceX to eat NASA's lunch? Perhaps he's sacrificing Twitter in the name of "free speech" to send an anti-woke dogwhistle to the Republicans he's betting on taking control after 2024.
The name change was the worst of those changes. Twitter and to tweet was so much established which X will never be able to replace.
Renaming twitter will be remebered as one of the worst blunders of all time. Positively idiotic. Clearly musk has never googled anything. Idiotic. Same problem with 'R'. Only R didnt have billions in brand equity. Baffling.
The unofficial name is "X - Formally known as Twitter".
@@nulnoh219 I call it x-twitter now lol
its called xitter
@@nikkovalidor4890is that X pronounced like in Xi Jinping?
Musk had so many irratating mannerisms in the interview onstage. His constant, almost sluggish, petulant looking around, his weird underbite / pouty lip was hugely punchable.
It was funny when the interviewer said "I'm Andrew" 😆
I thought the inside out suit thing was another dry joke... but it's so real. How horrifying to have a nightmare come true.
That man got her wig fried, holy shit!
And that she didn't have a friend in the room good enough to tell her
That was a joke. she is wearing the suit the right way round, check the lapels and collar. That is just the design of the suit.@@AmateurSurgeonThe3rd
@@yvonneachieng6742- Are you sure, cause it really did look like it was inside out? Why would a fashion brand/designer want their clothes to look like they are inside out on purpose? I'm not familiar with that brand, obviously, but it seems strange to me. It just didn't look right. I can"t believe people would buy that?
@@AmateurSurgeonThe3rd I know. That suit is an abomination.
If Twitter actually goes under that would be and remain the biggest service Elon has done for humanity.
If by 'biggest' you mean 'only', sure.
@@gdutfulkbhh7537 does it matter, though? If that scenario will come to pass, that would only mean that our boi Elon came through for humanity where it counts. And we would politely ask him what's his next target is. Will it be FB, or maybe LinkedIn, or maybe some other "socially significant" platform that needs to go.
Exactly@@gdutfulkbhh7537
@@gdutfulkbhh7537 Don't mind me, just using my Musk-provided Starlink for the best and most flexible internet connection in world history.
Despite all the Karens and all types of sewage on the site, Twitter is a pretty important place. Literally every single type of specialist (be it scientists, medics, lawyers, politicians, etc) sharing information about stuff they wouldn't in other types of social media. It had it's value, especially when those aforementioned specialized information was able to be seen by the average user looking for it instead of the rando verified account being at the top
Walt Disney stopping advertisement on Twitter after anti-Semitisc allegations is hilarious.
I find it funny that Elon thinks the world will care that, if, advertisers leaving Twitter runs it into the ground. No, Elon, the world won't, doesn't, care if Twitter disappears.
Wow! That interview was so awkward. You can see he was totally expecting thunderous applause after saying that he even repeated it just to make sure they heard it and got a few giggles
..but 5 minutes before he said he doesnt care about what people think of him or being popular.
@@michaelkennedy3372musky when he lying
@@michaelkennedy3372 when he got boo'd with that Chapelle audience, it hurt. A lot. A man of such massive ego and narcissism just can't handle it He really thinks in his own mind that his shit doesn't stink.
Stop hatin'
People are cancelling their subs to those services, so I guess it resonated with some.
Personally, I loved it, that was the biggest "Oh Snap!" moment I heard in a while.
Had to chuckle when Patrick called Andrew by Johnathan.
Noticed that, too. So many sarcastic tidbits. 😂
His success makes him think it’s true if he says it.
I don't understand how Twitter couldn't have just included more ads, and then offer an add free subscription offering
Because the currency of advertising is attention and if you have more ads that dilutes the attention and CTR making each ad spot worth less.
And also you detract from the site and lose users, and their attention, which also reduces the price you can charge
Advertisers aren't these blobs of corporate stupidity, they're businesses who want a RETURN on their investment, and there's no shortage of competition they can spend their ad money on
Wrong. Advertisers absolutely ARE these blobs of corporate stupidity@@greebj
Team Liquid
they do it now, checkmark get rid of ads. so does an adblocker though
If twitter goes to hell, the acquisition will have been worth every penny.
I'm always joking that he did it for that purpose and that he's actually a hero in disguise. I'm starting to wonder what he'll do to satisfy his weird impulse to be the center of attention once he's totally blown Twitter off the map. I'm putting a fiver on a "men's movement" type thing.
@@afreezaphorogiancossack2194interesting 😂
@@afreezaphorogiancossack2194 it will be Andrew Tate times 9/11!
With a bit of luck, his fanboys will stop seeing him as infallible and will finally develop doubts as to his business acumen in general.
Absolutely. The worst case scenario here is a win for Humanity. And anyone who thinks otherwise, needs a moral adjustment.
If Elon Musk wanted to set up a social media platform, a banking app and a dating app, he could have hired competent people competitive salaries to do all of those things for him, and still had enough money left over to... buy Twitter.
The problem is that Elon Musk's interest in buying Twitter isn't about making money or providing a good product. It's about Winning Today's Internet.
I'm all for it, as a non-x user, that platform has been a home for negativity ever since it was made. im glad its going in the dust
@@xdeep_freeze3684 - I broadly agree, although there did seem to be at least a brief period where it wasn't actively promoting the literal worst people on the platform all the time.
Musk's libertarian fantasy that all you need to do to make a great social media platform is to not moderate it at all (except when you feel like it) is depressingly common, but I think the reason he felt moved to buy Twitter is that, whenever competing social media platforms have been set up with "no censorship!" as their main selling point... they've *only* attracted the shittiest people. And when those people find out that no one else is using those platforms, they tended to stick around on Twitter too.
Musk really paid for the built-in userbase, and while he's eroded it considerably, it's still bigger than it probably would've been if he'd tried to set up a platform on his own, because who the fuck would ever choose to use Elon Musk's social media platform if it isn't the one everyone is already using.
The main thing that Twitter had going for it before Musk bought it - just like every other remotely successful social media platform - is that it was moderated. Not a lot, but enough to make using the site less of a chore than... well, than it is now. I'm not anti-social media, I'm a relatively avid user... but I'd deep throat a lorry exhaust before I go back to Twitter in its current state.
Maybe he should have went back to PayPal...
@@mangalores-x_x Back to daddy's emerald mine.
Crazy to think Elon is such an Impulsive Clown that he Spent over $40 Billion buying a Company that wasn't even worth $5 Billion...
Elon got caught up in his own ego & echo chamber of yes men.
It’s insane to watch all of his businesses slowly collapse & fail like this.
*Its hilarious
"Noted free speech absolutist..."😅
Can we just take a moment to remember that Elon was pushing for a 6 month pause on AI development 'for the good if humanity'. Imagine our collective surprise when that 6 months was just so he could get his own AI system designed.
Any intelligent person saw this was the move. Elon ain't no genius in many way. He's just been incredibly lucky in business
he is a retard, don't bother listening to him
I'll believe it when I see it. AI is not just another computer program. Its a learning system that relies on a lot of data and a massive amount of computer power. He'll most likely ruin it like he did that solar company, and the neural implant company, where all the principle researchers jumped ship. Tesla and SpaceX were buoying up his finances, and there are now cracks forming in those two outfits.
Social media was always problematic for "free speech" advocates. If you want to make money, you need advertisers, or subscription fees. Advertisers want to avoid controversy, so anything mildly offensive can cause problems. Its not a left or right thing. Its a stay out-of-politics-completely stance.
@@root_pierreyeah he foresaw that as a business they’d magically be the only company to land rockets for 5 years now when no other company can yet in spacex, no technical insite at all
@@root_pierreand magically knew that Tesla would eventually produce and manufacture thier own in-house battery designs to put in thier cars,
How can you, in the same public meeting, tell advertisers to go f*ck themselves and also say your company will only go bust because advertisers wont advertise with your company? 🥴
Mental derangement
If that's genuinely the way you see it, with zero context, then I guess you would be baffled.
@@anthonyreed480 you genuinely dont need any context of the conversation around each statement.
If he said the first one 2 years ago and the 2nd one today, it would be hypocritical.
To say it in the same meeting is just f*cling stupid and you still trying to defend someone saying the company will go bust without advertisers after just saying the advertisers can f*ck off... you must own Tesla stock 🤣
Even if the mentioned advertisers dont come back and you think it's all about them and X will do fine without them, other advertisers are going to be put off too and if you think a company that, apart from the $8 account and data, doesnt make any money at all any other way, can survive by telling its main source of revenue to f*ck off...
Then your definitely a Tesla stock owner 🥴🤣🤣🤣
He's a petulant child blaming everyone else for his incompetence.
It's called F. You money X is for free speech public forum Marxist and communist don't understand this and that is ok if you people want to engage with the free world you are always welcome on X 😊
Elon thinks boycotting is illegal? This isn't the Weimar, herr Musk 😂
all they had to do was change the color of the check mark... but they even fumbled that up
The depiction of Jack Dorsey as Rasputin is pure comedic genius! 🤣🤣🤣🤣🤣
I’m mystified as to how anyone can look at what Elon Musk has done with Twitter, and his behavior, and think “Yep, that’s a smart, mature & well-balanced man”
My grandma seems to think he helped even the playing field between the right and the left but he ended up just ruining everything like he always does.
@@bloodbarage
Just like Trump, he’s figured out that it’s better to lean shamelessly into Right-wing politics and get those folks onside so he has that base of support to lean on, right before he goes off and does things that make him look like a massive prick to everyone else
If there’s one thing to know about Fox News conservatives, it’s that they’re always jonesing to bow down and worship a rich white guy who will tell them exactly what they want to hear, no questions asked
Well, the twitter files showed, explicitly and conclusively, that the US gov't and its intel agencies, as well as individuak members of the gov't, were using it to direct organized messaging (propaganda) and narrative control (censorship).
So. There's that.
If you don't understand what a huge problem that is, then you aren't worth interacting with beyond calling a slur.
He's taking on the machine and all of its apparatus - you have to be slightly crazy in order to do that.
@@bloodbarage actually he did even the playing field between both sides...
Good old BlunderMusk. Not a trusty firearm as it tends to go off with a loud bang at inopportune times.