Comment Re:Because they're just going to shift the debt (Score 1) 154
Twitter imploding would have direct impact on Musk's other business - notably, Tesla. You can bet your ass he put a shitton of collateral for those loan.
Twitter imploding would have direct impact on Musk's other business - notably, Tesla. You can bet your ass he put a shitton of collateral for those loan.
You might just get your wishes come true.
According to Bloomberg, Musk is planning to fire 50% of Twitter's workforce, starting next Friday (4/11). There's also multiple reports of big advertisers, like L'Oreal, suspending all ad spending in the platform.
"now confirmed"
OMG who gives a shit.
Same damn thing that makes Apple products special.
I don't use Apple products, but the build quality and attention to detail on them is stellar. Overpriced? Sure. But a lot of people out there seem to have no problem paying a premium.
I never saw a Macbook with misaligned chasis panels, that's for sure.
WeChat is uniquitous in China. WeChat has buy-in in China, regardless of whether it was a good idea, technically, or socially.
Wow, you sound very clever.
a) Why do you think WeChat has "buy-in" in China?
b) And how would you replicate this in the West?
The $1bn breakup fee was only an option if both parties agreed to it.
The reaility is Agrawal convinced Musk to sign an increidbly one-sided contract, Musk got cold feet once he realized this, and spent monts trying to get out of it. And there's good reason for it.
Musk did not buy Twitter to make massive profits. He invested in it for reasons other than money or fame. He essentially made a significant donation to Free Speech.
Give me a fucking break. Are we're going to act he didn't go to court and try get off purchasing Twitter, after (finally) realizing what a shit deal that was?
Sadly WeChat is immensely popular, and profitable
Yes... in China, where is pretty much mandatory to chat with friends, do payments or even perform business communications. Imagining that such a scheme can be just carbon copied into an app for the West is outright delussional.
Musk should know, after he tried to reinvent banking via PayPal.
As a technical person I get what you are saying but.... Imagine looking at how *many people* use WeChat every day, quite heavily, and NOT thinking it's worth trying to do something like that?
You do understand this happens in China, right? Where you have no option but to use WeChat for quite literally everything online?
This is not a technical problem to solve; i'm sure many before Musk would've loved to sell you an "everything app".
If you think "WeChat for the West"is a terrible idea for technical reasons, you're completely delusional. Sorry.
Imagine looking at WeChat and saying to yourself "yes, this is a good idea."
This is Twitter we're talking about.
If Musk really wants to replicate WeChat in the US, he should've invested directly into that instead of lighting $44bn on fire.
Patrick Boyle on Twitter: How do Tesla shareholders benefit from Tesla employees working for a private company that the CEO owns?
As many before me pointed out, Elon is now on the hook for roughtly $1bn a year in loan interests.
Good luck extracting that value from Twitter. I expect to see many stupid monetization changes in the near future - the kind that will eventually make the platform obsolete.
"By the time they had diminished from 50 to 8, the other dwarves began to suspect "Hungry." -- a Larson cartoon
