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Merged Musk buys Twitter!/ Elon Musk puts Twitter deal on hold....

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dudalb said:
It's easy to dimiss Musk as a total idiot, but that does not explain his sucess with Tesla and Space X.
Two factors I can see;
A. He has some knowledge about hi tech dealing with transportation, none about social media; hte old saying about some of the most ignrnorant people on earth are experts when you get them out of their area of expertise applies.
B. The above sucesses went to his head, made him an egomaniac and now he thinks anything he does will automatically be sucessful.
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He's a welfare queen. That explains both Tesla and SpaceX. If he weren't so busy grifting for cirporate welfare both companies would have gone under years ago.

The funny thing about him buying Twitter is people are realising how bad of a grifter, his chosen profession, he is.
 
People on the forum often mention Chesterton's fence. Musk seems to be a living embodiment of what happens when you ignore that issue.
 
SpaceX has just bought a huge ad campaign on Twitter for StarLink.

Elon...running Tesla into the ground for your ego is one thing, but please don't ruin SpaceX with StarLink and Twitter. Can the outside investors in SpaceX boot him from CEO or limit his power? Because SpaceX really is important.
 
dudalb said:
This. He has no idea how social media companies work, and he has too much of an ego to admit it and step back and let the experts take over.
With Space X Musk let the engineers run the company, while he took the credit but his ego has got our of control since then and now he wants to run it himself..right into the ground.
IN the US you see this with major league sports teams A billionaire buys a team, tries to run it himself, disaster happens when the team goes to to the bottom of the league which aleinates the fans, and then the owner either lets the manager and coaches run the team. or sells out. Musk just did this on a much larger scale.
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Maybe Musk thinks he’s Jary Jones.
 
tyr_13 said:
SpaceX has just bought a huge ad campaign on Twitter for StarLink.

Elon...running Tesla into the ground for your ego is one thing, but please don't ruin SpaceX with StarLink and Twitter. Can the outside investors in SpaceX boot him from CEO or limit his power? Because SpaceX really is important.
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Well, it might be huge in advertising terms, but it's pretty small beer in corporate debt terms. It might eventually be worth $250k. This is about 0.025% of the interest payments on the debt Twitter recently took on when Elon Musk bought it, which is peanuts. Not only that, but SpaceX also bought advertising from Meta and Google and I believe and the target seems to be legitimate - promoting Starlink in Australia and Spain.

If any of Musk's companies is going to bail out Twitter, it's going to be Tesla. Musk owns SpaceX: he's not going to use his own money to bail out his own company.
 
catsmate said:
By the magic of Muskian brilliance....
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Oh

https://twitter.com/elonmusk/status/1592177471654604800?s=20&t=esfmIfLClEQqNasoDD94tQ

Elon Musk
@elonmusk
Normal
13%
Replying to
@elonmusk
and
@sampullara
Part of today will be turning off the “microservices” bloatware. Less than 20% are actually needed for Twitter to work!
3:27 PM · Nov 14, 2022
·Twitter for iPhone
714
Retweets
3,909
Quote Tweets
8,656
Likes
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Shortly afterwards 2-factor authentication stopped working
 
tyr_13 said:
SpaceX has just bought a huge ad campaign on Twitter for StarLink.

Elon...running Tesla into the ground for your ego is one thing, but please don't ruin SpaceX with StarLink and Twitter. Can the outside investors in SpaceX boot him from CEO or limit his power? Because SpaceX really is important.
Click to expand...

This, Space X in one thing, however much o you dislike him you have to give Musk some credit for.
He might drag down his whole empire.
 
jeremyp said:
Well, it might be huge in advertising terms, but it's pretty small beer in corporate debt terms. It might eventually be worth $250k. This is about 0.025% of the interest payments on the debt Twitter recently took on when Elon Musk bought it, which is peanuts. Not only that, but SpaceX also bought advertising from Meta and Google and I believe and the target seems to be legitimate - promoting Starlink in Australia and Spain.

If any of Musk's companies is going to bail out Twitter, it's going to be Tesla. Musk owns SpaceX: he's not going to use his own money to bail out his own company.
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It isn't that this ad buy will hurt SpaceX by the money it costs; it's the willingness to self deal in a way that's clearly bad for one company.

The 'silo' that SpaceX has been able to keep itself in, staying isolated from Musk's other crankness. Countries, the DoD, and organizations needing launch services can look at SpaceX's merits more or less on their own. This took a hit, a substantial and fully deserved one, with is StarLink attempted rugpull. The international community let them pollute our LEO environment with tons of craft on the promise that affordable global internet access would be sustainable because of it.

Then the dudebro sadclown decides that, no, actually now that he wants Ukraine to capitulate the price of this will not actually sustain on it's own. Either he was lying as an excuse to leverage his control of the connection to get the outcome in a war that he wanted, or StarLink was going to hold LEO hostage with the sunk cost of 'well if you don't want this to be for nothing governments of earth, better subsidize my company more!'. Now the DoD has to ask how safe their payloads are with someone willing to do either of those things. And if he wouldn't just cut off if he doesn't like something. Suddenly you have government restarting their own projects for global data access.

Now you have the heavily subsidized and invested in company getting messed with to support Musk's other bad choices in other companies. How long can anyone in the aerospace sector ignore how unstable Musk's actions are? Not long when impacts are demonstrably there. Twitter is a bad ad buy right now, so why go with it?

dudalb said:
This, Space X in one thing, however much o you dislike him you have to give Musk some credit for.
He might drag down his whole empire.
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I used to give Musk some credit for SpaceX but the more I've learned about it the more I'm convinced that it has been successful in spite of Musk. Their insistence on burning out fresh talent like he wants causes a lot of problems and is overcome by going on work purchased from better, smarter, companies with reasonable working standards. The mitigating factor of aerospace people being obsessive anyway helps too.

It's also been doing relatively well because it doesn't have as much political interference as other organizations have to deal with. That wasn't a brilliant move by Musk. That just happened.
 
tyr_13 said:
It isn't that this ad buy will hurt SpaceX by the money it costs; it's the willingness to self deal in a way that's clearly bad for one company.
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I thought it was clear from my reply that I don't believe this is self dealing. SpaceX is running an advertising campaign for StarLink on social media in Australia and Spain. Are they supposed to not use Twitter as one of their channels just because their owner owns it?
The 'silo' that SpaceX has been able to keep itself in, staying isolated from Musk's other crankness. Countries, the DoD, and organizations needing launch services can look at SpaceX's merits more or less on their own. This took a hit, a substantial and fully deserved one, with is StarLink attempted rugpull. The international community let them pollute our LEO environment with tons of craft on the promise that affordable global internet access would be sustainable because of it.
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I certainly have my concerns about StarLink, but I wouldn't describe it as a rug pull. It's real and people are getting service from it - sometimes good service.

Then the dudebro sadclown decides that, no, actually now that he wants Ukraine to capitulate the price of this will not actually sustain on its own. Either he was lying as an excuse to leverage his control of the connection to get the outcome in a war that he wanted, or StarLink was going to hold LEO hostage with the sunk cost of 'well if you don't want this to be for nothing governments of earth, better subsidize my company more!'. Now the DoD has to ask how safe their payloads are with someone willing to do either of those things. And if he wouldn't just cut off if he doesn't like something. Suddenly you have government restarting their own projects for global data access.
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The Ukraine situation strengthened my concerns. He wants to charge top tier marine service prices. Either that's what it really costs to run StarLink, or he is price gouging the Ukrainian army in a war. In the latter case, Musk is a ****, but we already knew that. In the former case, StarLink will bankrupt SpaceX.

Anyway, bankruptcy isn't necessarily a disaster. The rockets and facilities and employees will still exist. If SpaceX goes bankrupt, somebody else will buy it, cut the unprofitable stuff like StarLink and carry on with the profitable launch business (assuming it is profitable).

Now you have the heavily subsidized and invested in company getting messed with to support Musk's other bad choices in other companies. How long can anyone in the aerospace sector ignore how unstable Musk's actions are? Not long when impacts are demonstrably there. Twitter is a bad ad buy right now, so why go with it?
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Twitter is an excellent ad-buy right now. I bet it's had more views from mDAUs in the last three weeks than for a long time. I think I've spent more time on Twitter since Musk bought it than in the previous five years.


I used to give Musk some credit for SpaceX but the more I've learned about it the more I'm convinced that it has been successful in spite of Musk. Their insistence on burning out fresh talent like he wants causes a lot of problems and is overcome by going on work purchased from better, smarter, companies with reasonable working standards. The mitigating factor of aerospace people being obsessive anyway helps too.

It's also been doing relatively well because it doesn't have as much political interference as other organizations have to deal with. That wasn't a brilliant move by Musk. That just happened.
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He does deserve some credit for SpaceX. Obviously it would never have started without him and I think he probably plays a major role in getting the regular infusions of cash it needs to keep operating. But generally, I agree it succeeds in spite of him. The same can be said for Tesla.
 
Would you click the link?

https://www.bbc.co.uk/news/business-63648505

Elon Musk has told Twitter staff that they must commit to working "long hours at high intensity" or else leave the company, according to reports.

In an email to staff, the social media firm's new owner said workers should agree to the pledge if they wanted to stay, the Washington Post reported.

Those who do not sign up by Thursday will be given three months' severance pay, Mr Musk said.

...

Workers were told that they needed to click on a link by 17:00 EST on Thursday, if they want to be "part of the new Twitter".
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