Musk Takes 9.2% Stake In Twitter

[kork13]

Makes sense. Why spend money to advertise through a service that is owned by a competitor.

How much is Tesla really a competitor for GM? Besides the (small) EV arm of Chevy, it seems to me that very few of GM's customers (looking for big trucks, luxury sedans/SUVs, and muscle cars) would even consider Tesla as an option. Sure, they both sell cars ... But very different types of cars.

[terri77]

The vast majority of Twitter users are not happy to see Musk heading Twitter. There’s a reason that Parler & Truth Social failed and if Musk tries to turn Twitter into either one of those platforms he’ll fail as well.

[ua_guy]

How much is Tesla really a competitor for GM? Besides the (small) EV arm of Chevy, it seems to me that very few of GM's customers (looking for big trucks, luxury sedans/SUVs, and muscle cars) would even consider Tesla as an option. Sure, they both sell cars ... But very different types of cars.

They are competitors. Tesla was an island for a while, but everyone kind of wondered what happens when one of the big OE manufacturers of cars/trucks jumps into the EV space with both feet. GM, Ford, Volvo, VW are all heavily invested now and they’re making some amazing stuff. GM has a better ability to produce a full EV product line from commuter to luxury with wheels on the ground already. And dealer networks to back up their products.

[ua_guy]

If you want a verified account on Twitter, that will be $8 per month. Here's an article from CNN.

https://www.cnn.com/2022/11/01/tech/musk-twitter-verification-price

[kork13]

If you want a verified account on Twitter, that will be $8 per month. Here's an article from CNN.

https://www.cnn.com/2022/11/01/tech/...fication-price

Hey, at least it might help get the company back to profitability...

I've never used twitter, so is there any particular benefit to being a verified account? And what's actually involved in the so-called "verification"?

[disneysteve]

Hey, at least it might help get the company back to profitability...

I've never used twitter, so is there any particular benefit to being a verified account? And what's actually involved in the so-called "verification"?

Verified accounts are typically prominent and famous people - actors, politicians and governments, sports personalities, corporations, etc. It's done so that you know the account is actually theirs and not some bozo posting under their name. I have no idea what's involved in getting verified but I'd also imagine that the folks/companies who are verified can handle paying $8/mo. for the privilege.

[ua_guy]

Hey, at least it might help get the company back to profitability...

I've never used twitter, so is there any particular benefit to being a verified account? And what's actually involved in the so-called "verification"?

DS is right, it basically tells readers that the person who is posting is "The Real Slim Shady" and not a fake account. And yes, it could be good for generating some revenue.

But I also think this could get into "pay to play" or "pay to be heard" territory which I think moves the platform away from what populists want it to be.

*I am not a Twitter user either, never have been--it just wasn't my thing.

[ua_guy]

Anyone watching the Twitter meltdown today? Layoffs (which I'm pretty sure the WARN act of 1988 will have something to say about that), and Musk throwing a tantrum on his own platform complaining that ad companies won't give him money after scaring a bunch of big spenders off.

[ua_guy]

The meltdown continues, if you've been watching Twitter headlines. Musk is encouraging people on his platform to vote Republican and has been suspending accounts of people who post parodies of him. All heil the Chief Twit!

[disneysteve]

The meltdown continues, if you've been watching Twitter headlines. Musk is encouraging people on his platform to vote Republican and has been suspending accounts of people who post parodies of him. All heil the Chief Twit!

Twitter is also apparently trying to rehire a bunch of the people they laid off because they realized that they needed those people to keep the company running. If I was one of those people, you can be damn sure I'd be telling them to go to hell.

[ua_guy]

Twitter is also apparently trying to rehire a bunch of the people they laid off because they realized that they needed those people to keep the company running. If I was one of those people, you can be damn sure I'd be telling them to go to hell.

I missed that, but given what's already happened, I wouldn't be shocked!

At the end of the day I hope Musk strikes a balance and does something good with Twitter. Until then, it's kind of like watching a toddler take a Ferrari on a test drive. He leads with emotion and in business, well, that has consequences.

[EasyMoney00]

I had fun reading this old post. Well, Twitter is still with us. Freedoms has prevailed.

I saw that Zuckerberg said Meta will no longer be censoring things that the government wants him to. He went into great detail how the Biden administration threatening the company when covid was in full force, and FBI came after Meta to moderate things that should never have been moderated.

Please remember, these are private companies that have the right to run their platform how they see fit. This was discussed a lot in this thread. Never forget.

[james.hendrickson]

I had fun reading this old post. Well, Twitter is still with us. Freedoms has prevailed.

I saw that Zuckerberg said Meta will no longer be censoring things that the government wants him to. He went into great detail how the Biden administration threatening the company when covid was in full force, and FBI came after Meta to moderate things that should never have been moderated.

Please remember, these are private companies that have the right to run their platform how they see fit. This was discussed a lot in this thread. Never forget.

I found the timing of Zuckerberg's disclosure to be suspect. I think what is happening is he sees that the wind has changed in terms of who is in power in DC and how he wants act like he is on the site of the anti-censorship people. Zuckerberg and his team were likely enthusiastic supporters of censorship when Biden was in power.

Also, I think he is seeing that engagement is down on Facebook and wants the kind of vibrant community that Twitter(X) has, so he is pivoting his business model.

[EasyMoney00]

I found the timing of Zuckerberg's disclosure to be suspect. I think what is happening is he sees that the wind has changed in terms of who is in power in DC and how he wants act like he is on the site of the anti-censorship people. Zuckerberg and his team were likely enthusiastic supporters of censorship when Biden was in power.

Also, I think he is seeing that engagement is down on Facebook and wants the kind of vibrant community that Twitter(X) has, so he is pivoting his business model.

Could be. Time will tell.

I saw that China has entertained selling TikTok to Elon. That won't be cheap.

[ua_guy]

Also, I think he is seeing that engagement is down on Facebook and wants the kind of vibrant community that Twitter(X) has, so he is pivoting his business model.

Vibrant community? Membership is down at X, as well as Facebook. X is full of porn, misinformation/scam/conspiracies, it's basically turned into a right-wing cesspool and major sources of revenue have since pulled out. The place has turned into a real dump. Facebook is next. For Twitter/X, that has meant a 75% loss in value of the company since Musk acquired it, and sharp losses were expected to be posted for 2024.

It's true, private companies should be run how the owner wants them to be run. If that's censorship, then it's censorship. If it's a free-for-all, then, whatever. They all deserve what they sell, right?