first Reddit, now Twitter? What's next? Facebook? Tiktok? I hope it's both.
this post was submitted on 01 Jul 2023
591 points (94.4% liked)
Mildly Infuriating
41036 readers
1063 users here now
Home to all things "Mildly Infuriating" Not infuriating, not enraging. Mildly Infuriating. All posts should reflect that.
I want my day mildly ruined, not completely ruined. Please remember to refrain from reposting old content. If you post a post from reddit it is good practice to include a link and credit the OP. I'm not about stealing content!
It's just good to get something in this website for casual viewing whilst refreshing original content is added overtime.
Rules:
1. Be Respectful
Refrain from using harmful language pertaining to a protected characteristic: e.g. race, gender, sexuality, disability or religion.
Refrain from being argumentative when responding or commenting to posts/replies. Personal attacks are not welcome here.
...
2. No Illegal Content
Content that violates the law. Any post/comment found to be in breach of common law will be removed and given to the authorities if required.
That means: -No promoting violence/threats against any individuals
-No CSA content or Revenge Porn
-No sharing private/personal information (Doxxing)
...
3. No Spam
Posting the same post, no matter the intent is against the rules.
-If you have posted content, please refrain from re-posting said content within this community.
-Do not spam posts with intent to harass, annoy, bully, advertise, scam or harm this community.
-No posting Scams/Advertisements/Phishing Links/IP Grabbers
-No Bots, Bots will be banned from the community.
...
4. No Porn/Explicit
Content
-Do not post explicit content. Lemmy.World is not the instance for NSFW content.
-Do not post Gore or Shock Content.
...
5. No Enciting Harassment,
Brigading, Doxxing or Witch Hunts
-Do not Brigade other Communities
-No calls to action against other communities/users within Lemmy or outside of Lemmy.
-No Witch Hunts against users/communities.
-No content that harasses members within or outside of the community.
...
6. NSFW should be behind NSFW tags.
-Content that is NSFW should be behind NSFW tags.
-Content that might be distressing should be kept behind NSFW tags.
...
7. Content should match the theme of this community.
-Content should be Mildly infuriating.
-The Community !actuallyinfuriating has been born so that's where you should post the big stuff.
...
8. Reposting of Reddit content is permitted, try to credit the OC.
-Please consider crediting the OC when reposting content. A name of the user or a link to the original post is sufficient.
...
...
Also check out:
Partnered Communities:
Reach out to LillianVS for inclusion on the sidebar.
All communities included on the sidebar are to be made in compliance with the instance rules.
founded 2 years ago
MODERATORS
The thing is he's not trying to do that because he actually thinks he's doing a good job.
My theory is that he's not. Imo what happened was:
- Buy a shitton of twitter shares secretly
- announce that you are buying all available twitter shares for a total $44B, significantly pricier than what you bought
- share price shoots up to whatever you're offering as a price, because in theory by buying a twitter share you are now guaranteed that price at some point in the future.
- go "lol actually I'm not doing that" and sell all your shares for profit (keep in mind this would be blatant market manipulation but he already had Elon money to defend himself in court that "well you see there was many bots")
- at this point Elon and Twitter go their separate ways, Elon having defrauded many investors.
- but Elon is a jackass and didn't read the contract he signed properly and actually has to go through with it
- spend $44B of mostly loaned money for a website worth significantly less
- your best bet is now to run twitter into the ground, sell it to whoever wants at a massive loss, and write off the purchase as "failed investment", which is that much taxes your company has to pay next fiscal year. Since his company would have have at least that much tax to pay, this effectively means the purchase was free and you can reimburse loaners with the money you saved doing that.
Ultimately, you still lose money, but in the meantime you: removed the jet-tracking account, destroyed twitter (priceless), got to have an extreme amount of publicity now and forever (articles will still say "Elon's previous Endeavour" or whatever once he sells it).
Obviously the part where you make a large amount of money would have been more ideal but this is damage control for his stock fraud scheme that failed.
How Elon didn't get jailed for market manipulation when he first did it with crypto is beyond me.
At least this time it didn't work out... Probably because when you proclaim intent publicly like that you actually have to follow through, it's a verbal contract effectively. And I suspect that they told him he's either buying it or they're nailing him for manipulation.
load more comments
(1 replies)
There are rumors that Twitter is having a dispute with its cloud providers, that is why they need to limit bandwidth.
At the risk of sounding tin-foily...
Twitter's financials for server costs have never made sense - the amount of money required to serve the sheer volume of engagement can't possibly have been resolved by ads that Elon is somehow refusing to keep tapping into.
I'd wager that some other interested party engaged in some type of private-public partnership was floating costs for (let's call it "privileged") access to the backend of Twitter -- granting a bottomless pit of funding to keep the platform running no matter the cost.
Once Twitter left the hands of someone deemed trustworthy, that life support doesn't stick around -- leaving Twitter facing complete insolvency by October of this year unless Musk literally does whatever he can to reduce engagement to save on costs.
Twitter loses more money when it has more engagement. If you have 100k users and add a new one, every interaction that additional user makes with tweets viewed by those 100k existing users requires 100k updates pushed to those 100k users' pages. Every like sends an update of +1 like on the tweet to every one of the 100k users. It becomes significantly more expensive per user engagement.
The ads being seen by additional users don't cover that constantly-compounding cost to keep engagements up to date across the platform. Musk isn't being honest about the reasoning (web scraping issues my ass) and is scrambling to buy desperately-needed to keep the platform up past October.
I think this goes to show just how impossible a business model like Twitter's was from the jump and shines a light on the absurdity of it being self-sustaining without a massive source of reliable external funding.
Edit: fixed typo
load more comments
(3 replies)
He's impulsive and doesn't know when to shut up. I got the distinct impression that, initially, he was absolutely not serious about buying Twitter. It was a joke/jest. BUT, because his antics affected their stock price he actually got forced into the purchase and now he's desperately trying to figure out how to make the purchase worth what he actually paid, which is fine and all, except he seems to be leading by impulse, not by consensus or logic. He wakes up in the morning, has some random ass idea and implements it without any oversight. Even his new CEO straight up admitted that she is basically a straw man CEO who will offer no friction to anything Elon wants to do.
Undeniable?
I deny this.
He's trying to make something new
I think he got this.
There’s a golden rule: don’t make big changes on an app on Friday because if it fails people are going to have to work during the weekend.
This asshole made the changes on a Saturday
This truly is a genius level move. If users are using your site, they are contributing to your hosting costs. You don’t want that.
Until there is a viable Twitter competitor, this will continue and people will keep using it.
There needs to be one that scales. Mastodon had its chance and it's clear people don't want it. Maybe the answer is Bluesky, but that's not going to happen unless they open up their doors.
I can't believe I'm rooting for Meta, but their Threads app might work out and it will be better once it syncs with ActivityPub.
He’s doing gods work
Omg This is fake This is fake This can't be real This is some onion-level stuff Fuck- this is some Reddit level stuff No Fake Can't be real AUGGHHHH
I'm glad I don't use Twitter and I'm moving away from Reddit now.
I believe he is doing a great job. If you can do better buy your own company. Also he is running several other companies.
Okay, you're downvoted but I'd prefer it if people weren't afraid to post controversial opinions. So even though I disagree with you I'll ask... what metric are you using that makes you think he's doing a good job?