Oh no. Anyways…
As if everyone didn’t see this coming a mile away. It’s like that Austin Powers scene with the steamroller
Iirc, all parties in the steamroller scene were in distress about it.
Frankly, to me it feels more like that boat crash gif.
Elon is the old, rich frat dude steering that boat in a way that is unpleasant for everyone involved but still thinks he’s the greatest. The viewers as well as the people on board know that this isn’t going to end well, but he doesn’t care of understand. And in the end, he facepalms epically by slamming into the ground.
It reminds me of the series finale of Dinosaurs! where Earl is out in charge of a mega project and it causes an issue so they do another mega project to fix it and it keeps going until he causes an ice age and the extinction of his race.
Maybe he should cut more checks to right-wing grifters. That should help.
It’s such a goddamn shame that he’s now some sort of Alt-Right icon in their quest for “free speech” cause I’ll admit that I used to look up to this fuckin guy.
Take us back a few years, before COVID, and when SpaceX was doing their cool shit - I was fucking pumped about the guy. He was pushing forward in the realm of space exploration and I was absolutely fucking jazzed about it! Or at least that was the appearance; I know that SpaceX has a different company structure to Tesla where Musk can’t interfere as much.
Fast forward to now and I gotta ask: dafuq happened?
But I know what happened - he really was always kinda like this. It’s just that now - it’s going to be a really big damn financial mistake for him and good riddance. He’s definitely not some scientific genius - he’s just some emerald mine legacy that wanted to throw money at that sort of image.
You don’t get that sort of money and power by being a good person. The signs were always there for us to see. But so many people were complicit in the whitewashing.
Elon, as a monster. Was born into white supremacist apartheid south Africa. But even among privileged sheltered white children there. He was privileged far beyond. Attending only the better more exclusive private schools. And while his father and their family love to dance around the fact whether or not he had dealings in or was complicit in all the apartheid. Who are we kidding of course he was complicit and dealt in apartheid. Again you don’t get wealthy by being a good person.
If you look into everything Elon has done at every company he’s been involved with. He’s just the money. Paypal, SpaceX, Tesla. He’s contributed nothing of value beyond the money and privilege he was born into. Failing in and ever upward trajectory to this point. Literally at Tesla the one thing he contributed that wasn’t money or his name, was a proprietary charger plug design that he pushed. In hopes of licensing it out to other companies. In a world where those companies had those same funds but No Elon existing. Things would have played out nearly identically. Elon was never any sort of Tony Stark normal should we want a Tony Stark.
Special fun fact. Elon’s current stepmother is also his younger step sister. Now in the interest of full disclosure no there is no incest involved there. Just grooming and pedophilia. That’s right every time someone makes a tweet about pedophilia etc to have Elon Musk commenting “concerning” . It is mearly a Freudian totem to his father. Basically the equivalent of Elon saying “papa?”. Elon claims distance and estrangement with his father. Yet emulates him deeply in his sexuality and behavior. Whether or not the two actually are estranged or if this is just yet another lie upon all the other lines that Elon has told. It should be very disquieting and concerning.
On Thursday, Twitter announced content creators would be able to get a slice of the site’s ad revenue, seemingly to encourage more creators to join the site. To be eligible, the creators must have Twitter Blue and have at least 5 million impressions on their posts in each of the last three months.
Among the creators who now get monetized off Twitter: Andrew Tate, the self-proclaimed “misogynist” online influencer, who was indicted in Romania on charges of human trafficking, rape and setting up a criminal gang.
Why do that when you can structure the platform to do it instead? It was already a cesspool but this is next level.
Yes the fact that this is going on apparently should clearly mark everything he says as bullshit. If the platform was really that in trouble and insolvent basically pissed off every single business partner and gotten rid of most of the staff. And yet the apparently has the funds to pay out right-wing parrots. Shit only adds up one way.
Remember y’all - the first allies to Mussolini’s Fascists were industrialists and business owners who used them to attack workers and left wing organisers
Or maybe load billions more in debt onto a company that was just barely treading water
Yeah, pay the people that are already being paid to post by right wing think tanks. Genius idea.
This is so true. 80% of the blue marks are right wing bot accounts that post -nothing- but about politics. I hope someone does a study to see how many are Koch brother vs. China vs. Russia. It would make a great thesis for some aspiring master’s student.
Unfortunately hard to do without free/cheap API access. Looks like both Twitter and Reddit want to make it hard for researchers to work out where the biases in moderation really are, while throwing some selective internal documents to some journalists in their camp.
Ooooh, that’s a really interesting read on the situation
Maybe if he didn’t make stupid ass decisions while being fucking obnoxious things wouldn’t be this way
Ah, but he has a way out!
Linda Yaccarino, a former NBCUniversal marketing executive, recently took over the CEO position from Musk – he’s likely betting on her advertising experience to bring them back.
See? It’s not his fault things are going poorly, it’s hers!
Yeah, it is the stereotypical glass cliff, with the twist that everyone knows that Elmo is still responsible for all decisions and she has nothing to say.
Because Elmo is that kind of genius.
Thank you for sharing this, I had no idea the Glass Cliff was a thing but now I’ll be looking for it in the future. I remember the same thing happening on Reddit with Ellen Pao.
Maybe he’s just really not good at running a social media company.
His old business partner Peter Thiel failed to start up a rival to Twitter, so Musk came along and saddled Twitter with $13 bn of debt to kill it.
These conspiracy theories are nuts.
good. he killed off thirdparty apps and destroys twitter each day more. i hope it burns to the ground so we can finally start using a better plattform without him controling everything.
“Basically, our revenue is cut in half because we didn’t toe the line,” he said, gun in hand, feet shot to bloody stumps.
It’s down way more than that according to analysts. This guy is so fake.
Paywall :(
In the weeks after Elon Musk acquired Twitter Inc., hundreds of advertisers paused spending on the platform, wary of the changes the mercurial billionaire might bring to the social media platform. Months later, many still haven’t returned, despite efforts by Twitter’s sales team to woo them back with steep discounts and new safety tools. From September to October of last year, the top 10 advertisers on Twitter spent $71 million on ads, according to estimates from Pathmatics. In the past two months, that figure dropped to just $7.6 million, a decline of 89%, the research firm said. Twitter’s top ad customers historically have included marquee names like HBO, Amazon, IBM and Coca-Cola. Despite a slight uptick in daily users since early 2022, Twitter’s revenue has fallen by 50% since October as a result of a “massive decline” in advertising, Musk said earlier this month. Major brands such as Mondelez International Inc., Coca-Cola Co., Merck & Co. Hilton Worldwide Holdings Inc. and AT&T Inc. still hadn’t resumed ad spending on the platform as of February, according to Pathmatics.
Major media agencies like IPG and Horizon Media, which advised clients to pause or consider suspending their Twitter campaigns after Musk took over, have not yet encouraged marketers to return, according to people familiar with the situation. One media buyer said that their firm’s initial recommendation to clients after Musk took over was a “red light,” as in, stop spending. They’re still advising clients proceed with caution — the light has changed to “amber” — as the company still appears to be in a chaotic state. Twitter is preparing to remove verification from accounts that don’t pay a subscription fee, and in recent weeks Musk got into a public spat with a disabled ex-employee. This week, the company disclosed that its source code was leaked online.
Musk has taken steps to shore up advertiser confidence. Shortly after the billionaire acquired the San Francisco-based company in November, as hate speech made a resurgence on the platform, Twitter tried to win back wary ad customers by rolling out a new product that would let marketers block their ads from appearing alongside tweets that contain certain keywords or images — called adjacency controls. “If it’s like a train accident or a war scene, then probably a family-friendly brand is not going to want to advertise right next to that,” Musk explained at the Morgan Stanley technology conference in early March.
And late last year, as the company scrambled to win back marketers who had fled, Twitter started offering advertisers major discounts – in some cases hundreds of thousands of dollars in free ads – if they would start spending again. Twitter is no longer broadcasting those deals, but several advertisers said they know they could get them if they did want to return. The company didn’t respond to requests for comment about its advertisers.
One of the biggest barriers to spending more, advertisers say, is Musk’s own behavior on Twitter. In the past month alone, Musk defended the cartoonist who created “Dilbert” after he went on a racist tirade and made a sexist joke about women being “dangerous and violent.” This week, he responded to — and thereby amplified — a tweet that promoted an anti-trans narrative around the school shooting in Nashville, Tennessee.
Advertisers have expressed concern about Musk’s erratic decision making and how his personal brand blurs with Twitter’s corporate image. For instance, the same weekend as the Super Bowl — traditionally a major advertising event for Twitter — Musk was asking engineers to adjust the algorithm to boost his own tweets into users’ feeds. “It’s this intangible wild card,” the media buyer said about Musk, asking for anonymity to preserve relationships at Twitter. “We need to work with clients to understand from a values perspective: Is this a partner you want to be in business with?” The short answer for many advertisers right now is no.
Read the Big Take: Musk’s Empire Becomes a Burning Problem for Washington Last month, the company expanded its adjacency controls so that brands can block their ads from showing up next to specific user accounts, too. Author Exclusions, as Twitter calls them, let advertisers choose as many as 1,000 handles that they want their ads kept away from, in addition to keywords and topics. “Brands need to consider the source and what a person stands for,” said Jason Lee, brand safety officer at Horizon Media, a leading US media agency. “The irony, of course,” said another media buyer from a large agency, is “the No. 1 or No. 2 account that we’re going to look to avoid is the owner of the company.” Twitter, which has historically gotten more than 85% of its annual revenue from advertising, has long specialized in brand advertising, offering marketers a place to put their message so that it would appear in the same conversation around major events like the World Cup or the Super Bowl. But many major events aren’t feel-good moments, and brands have also worried about spikes in hate speech and other unsavory content.
The company is working with outside agencies like DoubleVerify and Integral Ad Science to audit its advertising adjacency tools to assure marketers that their ads aren’t running next to inappropriate posts. The company has also hired Sprinklr, a social media strategy and analytics firm, to audit the prevalence of hate speech on the service. But marketers say the results from the various audits either haven’t been clear enough to continue spending, or they are still waiting to see the results. There are other issues. Advertisers are reducing their digital spending more generally, due to economic pressures and a reduction in ad effectiveness after Apple Inc. implemented new privacy rules on iPhones — a change that’s affecting Twitter’s competitors, too. Musk hasn’t scared away all of his advertisers — during an interview on Bloomberg Television in late February, WPP Plc’s Mark Read, who runs the largest media agency in the world, said he thought Twitter “seems to be a lot more stable” than it had been a few months earlier. “I think clients want to start to look about how they can come back onto Twitter,” he added. During his Morgan Stanley interview, Musk thanked Read for his support, and called out Apple and Walt Disney Co. as advertisers that “stuck with us.” Until more big names come back, some smaller advertisers are filling the spots reaching Twitter’s still-sizable audience, which Musk says is 250 million people daily. FinanceBuzz, a personal finance website, has spent more on Twitter ads each quarter since Musk’s takeover, and didn’t even think about leaving the platform, said Franck Delbecque, a senior media buyer who leads FinanceBuzz’s social media strategy. “We have not reconsidered as long as it’s meeting our platform goals,” said Delbecque, whose site spent has less than $1 million on ads in the first quarter.Since Musk took over, FinanceBuzz has actually seen ad performance improve. The company primarily measures performance in terms of conversions, or how many users visit its website after viewing an ad. Delbecque thinks changes to Twitter’s algorithm, which controls where, when and why ads are shown, have led to better conversion rates. Twitter is “definitely on par with other platforms,” he said.
Read more: Elon Musk’s Legal Liabilities at Twitter Are Multiplying Fast Musk seems to have taken more interest in Twitter’s sales organization in recent weeks, and changed the reporting structure so that around half a dozen sales leaders now report directly to the CEO, according to a person familiar with the move. In a step that may be aimed at keeping more workers from exiting, Musk has offered employees new equity grants that will start to vest after six months and will offer them the chance to cash out some of their equity in about a year, the Wall Street Journal reported.
Still, advertisers have worried about the churn on Twitter’s sales team, thinned through multiple rounds of layoffs since October. Some marketers said they have had several new account managers or sales reps during that time, which has hurt relationships and confidence that Twitter will deliver as promised. Those concerns were renewed in early March after yet another round of personnel cuts. It was reported publicly that Chris Reidy, Twitter’s head of sales, was laid off with colleagues, but employees and partners later realized Reidy is still at Twitter — adding to the confusion among marketers.
“There needs to be a clear understanding of their organization,” said one media agency executive. “Regardless of Elon, like who is running the shop here?”
let’s shoot for 60%!
Why stop there? 70% is just right there for the taking.
This is considered world news?!?
I would be more surprised if it wouldn’t be in loss
Surprised it’s not more