Australian (ASX) Stock Market Forum

TWTR - Twitter, Inc.

Jump to new
Musk is an engineering and development company genius but he appears to me to be going into Twitter without any real idea.
He has paid way too much for a company that doesn't make a profit and needs to turn it around.

He hasn't developed a plan but rather just tweeted some brain farts about charging big users a monthly charge of $20 then, when that goes down like a lead balloon, Tweets a lesser amount.

The really popular people have long left to make real money on TikTok and other platforms that pay you for content.

I am scared Musk is going to mess this up.
 
Knobby22 said:
Musk is an engineering and development company genius but he appears to me to be going into Twitter without any real idea.
He has paid way too much for a company that doesn't make a profit and needs to turn it around.

He hasn't developed a plan but rather just tweeted some brain farts about charging big users a monthly charge of $20 then, when that goes down like a lead balloon, Tweets a lesser amount.

The really popular people have long left to make real money on TikTok and other platforms that pay you for content.

I am scared Musk is going to mess this up.
Click to expand...
I always regarded Musk as a salesman, mostly selling himself.
The fact that almost all the conversations about twitter, aboutTesla, about spaces X centre on Musk himself is my reasoning behind that opinion.
he has surrounded himself with talented people who carry out his ideas/brainfarts/entreprenial visions while he goes out and sells them.
He even brought a team from his other entities over to manage the firings.
He is the master of the put down, thinks quickly on his feet, and is amaverick.
Had he gone into Law, he would have made a motzah as a celebrity attorney in court. very dramatic and with an eye for showmanship.
I still think that the quote of his where he suggested that those who refused to work in the office " should go find somewhere else to pretend to work" right up there with some of the best stuff from Groucho Marx.
Mick
 
From Elon Musk:

Regarding Twitter’s reduction in force, unfortunately there is no choice when the company is losing over $4M/day.

Everyone exited was offered 3 months of severance, which is 50% more than legally required.
 
divs4ever said:
and that is a bad thing ??

advertisers doing the heavy threats is what killed old media , ( folks started waking up the news was no longer 'news' , but advertorials , and infomercials and stuff )
Click to expand...
It's a bad thing if you've just bought Twitter and your revenues plunge like that. But overall, I agree it's a good thing.

Musk wants to make it a service where celebs and other self-absorbed dingbats pay $8/yr to have a blue check mark next to their name. Keep it running that way.

Don't worry Knobby - everything he touches turns to gold. A company like that will be a breeze after building space ships.
 
Last edited:
Gringotts Bank said:
It's a bad thing if you've just bought Twitter and your revenues plunge like that. But overall, I agree it's a good thing.

Musk wants to make it a service where celebs and other self-absorbed dingbats pay $8/yr to have a blue check mark next to their name. Keep it running that way.

Don't worry Knobby - everything he touches turns to gold. A company like that will be a breeze after building space ships.
Click to expand...
i thought it was $8 a month but still chump change for politicians and others that thrive in the Twitter-verse ( say if you are running a financial opinion blog )

but as i understood it Twitter was losing money anyway , so by losing more money ( a tax-write-off ) and cleaning house and rebuilding MIGHT be a good play

what if the politicians ( both sides) just went away , leaving it for other professional and hobbyists to join in robust discussions like the internet used to be ( so i am told )
 
mullokintyre said:
For the first time ever, I opened an account in twitter on Monday, and have made a tweet.
Not sure if the world is going to end, but there is a lot of crap posted/tweeted, just like FB.
Mick
Click to expand...
It's a cesspit of idiots, activists and trolls. But it is also great for news and opinions from those whom you respect, there is also so fabulous content, especially financial. It just takes a bit of time to find it all.

fintwit is a great list to follow, some of the best macro thinkers hang out there.
 
divs4ever said:
i thought it was $8 a month but still chump change for politicians and others that thrive in the Twitter-verse ( say if you are running a financial opinion blog )

but as i understood it Twitter was losing money anyway , so by losing more money ( a tax-write-off ) and cleaning house and rebuilding MIGHT be a good play

what if the politicians ( both sides) just went away , leaving it for other professional and hobbyists to join in robust discussions like the internet used to be ( so i am told )
Click to expand...
You're right, $8/mo.

It's amazing watching Elon go through the Twitter offices, lift up the carpets and look underneath. A lot of crap has been shoved under there. I thought Twitter would have had some smart people working there, but not the case aparently.
 
mullokintyre said:
For the first time ever, I opened an account in twitter on Monday, and have made a tweet.
Not sure if the world is going to end, but there is a lot of crap posted/tweeted, just like FB.
Mick
Click to expand...
Hi Mullonkintyre

Musk taking over Twitter is good because you can see his Tweets and therefore his thinking.

Be very careful on who you like, because the program will hit you with similar. Try to follow very few people unless you trust them I follow only two.(Casey Briggs and Julia Banks).

Twitter will try to turn you into a crazy lefty or right wing nut or a conspiracy crazy if you click too many tweets. I rarely click and never post.

Even if you click once on a puppy meme, you will get heaps of cute animals (my bad).
 
Knobby22 said:
Hi Mullonkintyre

Musk taking over Twitter is good because you can see his Tweets and therefore his thinking.

Be very careful on who you like, because the program will hit you with similar. Try to follow very few people unless you trust them I follow only two.(Casey Briggs and Julia Banks).

Twitter will try to turn you into a crazy lefty or right wing nut or a conspiracy crazy if you click too many tweets. I rarely click and never post.

Even if you click once on a puppy meme, you will get heaps of cute animals (my bad).
Click to expand...
I am not a puppy cat or bird person. and just don't do cute.
Still feeling my way with the twitterverse.
Mick
 
Gringotts Bank said:
You're right, $8/mo.

It's amazing watching Elon go through the Twitter offices, lift up the carpets and look underneath. A lot of crap has been shoved under there. I thought Twitter would have had some smart people working there, but not the case aparently.
Click to expand...
depends on what you call 'smart' being a ( former ? ) computer hobbyist , some have incredible talents in a very small area , others have solid skills in a wide area ( of IT ) and like all businesses you have those of mediocre talent but are well related ( connected )
 
Knobby22 said:
Twitter will try to turn you into a crazy lefty or right wing nut or a conspiracy crazy if you click too many tweets. I rarely click and never post.
Click to expand...
My kids in mid teens don't have or use twatter.
They haven't been told not to use it.

If they are representative of a younger generation that ain't interested in it, I think a monthly charge will see the death of it, broadly speaking.

Have heard people saying that they will just use Gettr or whatever it's called.

Dunno, wait and see job, but I would remove it rather than pay $x per month, if I had it or used it, which I never have.

Not sure if muskrat has this one right...
 
frugal.rock said:
My kids in mid teens don't have or use twatter.
They haven't been told not to use it.

If they are representative of a younger generation that ain't interested in it, I think a monthly charge will see the death of it, broadly speaking.

Have heard people saying that they will just use Gettr or whatever it's called.

Dunno, wait and see job, but I would remove it rather than pay $x per month, if I had it or used it, which I never have.

Not sure if muskrat has this one right...
Click to expand...
With you. My kids, late teens, early twenties wouldn't be seen dead on it. It's pretty oldschool if you think how it works. More for political nerds.

They use Instagram.
 
frugal.rock said:
My kids in mid teens don't have or use twatter.
They haven't been told not to use it.

If they are representative of a younger generation that ain't interested in it, I think a monthly charge will see the death of it, broadly speaking.

Have heard people saying that they will just use Gettr or whatever it's called.

Dunno, wait and see job, but I would remove it rather than pay $x per month, if I had it or used it, which I never have.

Not sure if muskrat has this one right...
Click to expand...
the charge is for 'enhanced services ' it will be interesting to see what extra services go with the fee ,

have never joined any major social media , so probably won't affect me directly

besides , it all depends on what Musk wants , he might just want a private chat-line ( for his various businesses , a secure Zoom replacement ) or a massive data-base to send Tesla ads to
 
divs4ever said:
depends on what you call 'smart' being a ( former ? ) computer hobbyist , some have incredible talents in a very small area , others have solid skills in a wide area ( of IT ) and like all businesses you have those of mediocre talent but are well related ( connected )
Click to expand...
They've been dishonest, according to Musk. That's not very smart. Elon has indicated that they lied to advertizers and the courts, and that the platform hasn't been updated or optimized in ages. I think he will turn Twitter into a 'must have' app by integrating it with Tesla and its related products. If I was a celeb or ran a business through Twitter, I'd happily pay. But payment is optional, and most casual users won't.

I can see it easily tripling in value.
 
Gringotts Bank said:
They've been dishonest, according to Musk. That's not very smart. Elon has indicated that they lied to advertizers and the courts, and that the platform hasn't been updated or optimized in ages. I think he will turn Twitter into a 'must have' app by integrating it with Tesla and its related products. If I was a celeb or ran a business through Twitter, I'd happily pay. But payment is optional, and most casual users won't.

I can see it easily tripling in value.
Click to expand...
yes it is an education waiting to happen , whether he succeeds or not ,

the hard bit will be to keep the paying members to not use it for illegal purposes ( remember he owns Star link as well , not that , it is mentioned in the stuff i am reading )

i can see some businesses happy to subscribe ( including accounts for selected staff ) think of it as a substitute for email and a corporate notice-board , rolled into one

the downside will be those trying to abuse it ( almost always somebody does )
 
Musk trying to rehire many he sacked.
I would be asking for a sign on bonus. Starting to lose respect for him.
 
Last edited:
Top