User growth is ‘stagnant’ on the platform formerly known as Twitter.
    • FarceOfWill@infosec.pubEnglish
      0·
      11 days ago

      At absolute best it’s breaking even before debt service.

      Maybe he’s still not just paying rent on some buildings and miraculously hasn’t been kicked out yet

    • rational_lib@lemmy.worldEnglish
      0·
      11 days ago

      I think he’s sugar-coating it because their bonds are about to go up for sale. From the article:

      While equity investors have reportedly slashed the value of their stakes by as much as 78 percent, the Journal reports, “banks hope to sell senior debt at 90-95 cents on the dollar, while retaining more-junior holdings.”

      If they were breaking even, the bonds wouldn’t be getting sold at a loss. Keep in mind, the bond holders get paid before the stock holding investors, so if they’re taking a loss, the equity investors are getting nothing (hence the 78 percent cut, basically their share is only worth the odds of a miraculous turnaround). That doesn’t happen with a company unless it’s losing money.

    • Thistlewick@lemmynsfw.comEnglish
      0·
      11 days ago

      If you think Elon is being honest about ‘breaking even’, you haven’t been paying attention. Twitter is in the hole, and he’s lying through his fascist little teeth to either save face, or manipulate some sort of upcoming move.

  • Blackmist@feddit.ukEnglish
    0·
    11 days ago

    Aw geez, what a shame. As if Neo-Goebbels is going to shut his propaganda arm over something as trivial as money.

    • 7U5K3N@lemmy.dbzer0.comEnglish
      0·
      12 days ago

      I’d “work there” long enough to get on a pip and terminated. Lol

      Drain a little bit of cash out of them. Lol

      I’m not a Nazi lol

      • Cousin Mose@lemmy.hogru.chEnglish
        0·
        12 days ago

        I’m referring to looking for jobs using X, not looking for a job at X (which I thought was clear when quoting the article’s mention of “job listings”).

        • 7U5K3N@lemmy.dbzer0.comEnglish
          0·
          12 days ago

          Ah. Well it would help if I could read.

          But yes I agree with your thought… I definitely wouldnt go there to look for a job.

    • dinckel@lemmy.worldEnglish
      0·
      12 days ago

      Ironically, his general audience does not possess the skills, that were necessary to fill the roles he emptied. Good luck hiring for that

  • akilou@sh.itjust.worksEnglish
    0·
    12 days ago

    Musk also said that the company could become cash-flow positive “within months” nearly two years ago, and it still faces over $1 billion in annual interest payments on the loans.

    3 months maybe, 6 months definitely

  • apfelwoiSchoppen@lemmy.worldEnglish
    0·
    12 days ago

    The man bought an election with disinformation and lobbying, who gives a fuck what he says about this company. Who knows what the fuck break even even means in his addled brain.

  • DaddleDew@lemmy.worldEnglish
    0·
    12 days ago
    • Buys a financially struggling company for way too much money
    • Dismantles everything that made it attractive
    • Turned it into something so repulsive and toxic that the users and advertisers leave
    • Told the advertisers to “go fuck themselves”
    • Tried to sue the advertisers into returning, further discouraging any new advertiser from ever doing business with him
    • Whines and bitches about the company not making any money

    Hey guys, I’m starting to think that this guy’s fortune has absolutely fuckall to do with his skills at running a business

    • TheFriar@lemm.eeEnglish
      0·
      12 days ago

      What was the username he stole? Don’t remember that one

      Also, don’t forget the disastrous rollout of the blue checks when a few people imitated companies and said Lockheed wouldn’t be doing business with Israel and a few others. But I guess that was the best thing he did, honestly, because that shit was hilarious.

    • NeoNachtwaechter@lemmy.worldEnglish
      0·
      11 days ago

      Hey guys, I’m starting to think that this guy’s fortune has absolutely nothing to do with his skills at running a business

      Great summary btw. and you are absolutely right here. He is a terrible manager.

      Remember the time when he slept at the Tesla factory just because he didn’t trust anybody and thought he himself must rescue it all by working so much overtime and make all the decisions.

      • btaf45@lemmy.worldEnglish
        0·
        11 days ago

        He is a terrible manager.

        I still can’t get over how Musk told computer programmers to print out hardcopies of all their source changes, and then fly to Musk’s city to show him the hardcopy. That alone proves Musk is the dumbest CEO of all time.

    • VindictiveJudge@lemmy.worldEnglish
      0·
      12 days ago

      Destroys the brand recognition by renaming it to a letter of the alphabet he personally likes but nobody else gives a crap about

      I’m beginning to suspect he only likes that letter because it’s the middle part of a swastika.

    • ThePowerOfGeek@lemmy.worldEnglish
      0·
      12 days ago

      Did you include the whole ‘verified’ tag fiasco in your list? I didn’t see it explicitly in there, but maybe it falls under a general functionality fuck-up point.

    • Phoenixz@lemmy.caEnglish
      0·
      11 days ago

      You forgot the part where couchefucker Vance threatened Europe to pull out of NATO if Europe wouldn’t stop suing and leaving twatter

      That paragraph above would normally be so bizarre that it wouldn’t even make it to TV for being too… Out there… But this is the timeline we’re in now, this is the new normal

    • TheFriar@lemm.eeEnglish
      0·
      12 days ago

      Do we need a catchy “go Nazi get…____” catchphrase? It was such a g when the right wing did it! They do love a good catchphrase. Easier to remember.

      • Meron35@lemmy.worldEnglish
        0·
        11 days ago

        Go nazi declare bankruptcy

        Redpilled? Get killed

        Go fash lose cash

        Lick boot, lose loot

        Go right eat shite

        All incel, no braincells

        Nazi salute, go destitute

        ADL? Common L

        Ku Klux? Lose bucks

        Go apartheid, all downside

        • TheFriar@lemm.eeEnglish
          0·
          11 days ago

          A lot of people have pitched ideas, and this one is my favorite.

          Doesn’t rhyme and gets right to the point. This has my vote. Mocks the entire idea of having a cutesy catchphrase. But is a catchphrase in itself. And one that isn’t even catchy. Love it.

          • Tavi@lemmy.blahaj.zoneEnglish
            0·
            11 days ago

            I’m gonna be that guy and say most of this misses the mark. The point of stupid catchphrases is to make it extremely obvious why something is wrong in a manner that is personally relatable to the audience, nuance be damned. Not only does this not do that, it implicitly agrees with the original premise. Let’s look at common examples and retorts.

            “Black lives matter” -> “All lives matter”

            The initial phrase is short punchy and too the point, but the retorts is as well. Instead of trying to address the issue, it reframes the original to give it a meaning that it doesn’t have. (Black lives matter too)->(Only black lives matter). An effective* retort, but not a cache phrase of its own, lest the person be caught looking “liberal”.

            “Global warming” -> “Look, a snowball/Why is it so cold?”

            This retort does the same thing by instead taking the words literal meaning and misinterpreting it deliberately, rather than engaging with the vast body of science that backs it up (our actions as humans have caused a consistent rise in global temperature averages which has caused ecological disasters and a financial apocalypse). The retort moves the perspective away from the original wide view point, and directs your personal attention to the “snowball/cold” (it’s cold, therefore it is not warm) despite being incredibly stupid, this comes off as smug to their team, so they are going to repeat it. Excellent thought termination.

            “Eat bugs” -> “Shrimp is bugs”

            Congratulations to all of you that remember the original lemmy raids and psyop posting, so I’ll go through this one for fun. This one stems from a right wing conspiracy theory claiming that due to impending food shortages all regular food will be given to rich elites and we will all be forced to eat bugs. Uhhhhh??? (Food anxiety, antisemitism?, “economic anxiety”/suffering under capitalism, invocation of gross) Shrimp is bugs succinctly acts as a retort because it reframes the issue. Bugs ain’t cheap (you won’t be forced to eat lobster???) Shrimp aren’t gross/unfamiliar (Don’t tell me you’ve never had seafood). Destroying a global cabal in under three words might take some workshopping. (half point for smug because it is stating the obvious)

            “Couch-fucker/Weird” -> no retorts yet …

            10/10 no notes lmao. Being verifiably false and still accurate gives you the smugness point off of the bat. “Weird” invokes the gross which reduces support for people that wear spray tan makeup. Couch fucker is both distinct and specific enough to to be remembered, succinct in criticizing Vance’s lack of charisma and hot-topic-esqe makeup, and cannot be easily misinterpreted without ceding the entire argument.

            “Go woke go broke” -> Go Nazi get shot?

            A retort should be:

            1. Be smug/obvious about it. (x)
            2. Make the people saying it seem gross/weird/weak. (x)
            3. Explain/refute/sidestep the issue. (x)
            4. Under 4 words/Writable with emoji. (✓)

            I’m much more fond of “Follow your leader” although that’s a general insult for people that are going mask off.

            Much more fond of something that is inherently dismissive of the point like “go sleepy, baby”. Always mock the fascist.

  • Cool_Name@lemm.eeEnglish
    0·
    12 days ago

    Wouldn’t barely breaking even actually be exceptionally good in the history of twitter? I though it had been burning money from its conception.

    • tal@lemmy.todayEnglish
      0·
      12 days ago

      You’d expect it – most online companies do, as it makes sense for companies with high fixed costs and low variable costs – to have a growth phase, during which it loses money but aims to grow by being maximally appealing. Once it’s grown as far as it reasonably can or as money permits, the growth phase ends and the monetization phase begins. Twitter’s growth phase was over. It would never have been expected for Twitter to just lose money forever.

    • FooBarrington@lemmy.worldEnglish
      0·
      11 days ago

      No, Twitter had started making a profit when he bought it. The last year they had a court case which made the year a loss, but the years before were profitable.