Very strange-what's going on with twitter??

originally posted by: PokeyJoe
a reply to: Threadbare

Twitter was never actually worth 44 billion to begin with. Not really sure why Elon paid that much, but their true valuation was not 44 billion dollars. He had to pay a premium to become, in effect, the sole owner.

They haven't understood this part yet or the fact it is now a private company and doesn't trade on the stock market anymore. Musk knew he was overpaying for twitter but his aim was to take over the platform.

originally posted by: nickyw

originally posted by: AlienBorg

originally posted by: Insurrectile

originally posted by: AlienBorg

originally posted by: Insurrectile
a reply to: AlienBorg

Yes, but how strange is it?

Will his Mom allow him to fight the Zuck when she realizes what's at stake, with threads posing a threat to Elon's mental stability?

I don't think Threads is a comparable platform to start with.

If you're woke then clearly this is for you. But for the majority of the population isn't woke so...

Really? Just take Q Anon or the transgender hype train, it's all woke AF. A different taste of woke, innit?

Are you sure?
The trans hype is promoted by the woke and criticised by the rational-sane people from all parts of the political spectrum. And twitter allowed this to happen rather than censoring free speech.

another way of looking at it is that its evolving into 2 churches.. roman catholic type filled with virtue signallers vs protestant reformers, this is very much transubstantiation.. the idea that with a few magical words you can transform one thing into another..

the rights and free expression you think of is an evolution of that previous conflict..

the problem i have is that in creating these 2 sides the natural outcome as before is they come into conflict with each other, and that gets closer by the day..

I do agree with you, having free speech or more free speech, comes as a result of past conflicts.

You can't transform to something by just wishing for this to happen but you can challenge it. Twitter was and still is the mainstream platform where you're able to do in contrast with many other platforms where you're silenced.

a reply to: AlienBorg

A company is worth what someone is willing to pay for it. Elon paid $44 billion for it. Therefore, it had a value of $44 billion. If he tried to sell today, it's possible he'd make more than $15 billion. But there's no chance he's making more than $44 billion of off it. He's not even going to be able to make back the ~$30 billion it was valued at the day before his investment in the company became public knowledge.

originally posted by: Threadbare
a reply to: AlienBorg

A company is worth what someone is willing to pay for it. Elon paid $44 billion for it. Therefore, it had a value of $44 billion. If he tried to sell today, it's possible he'd make more than $15 billion. But there's no chance he's making more than $44 billion of off it. He's not even going to be able to make back the ~$30 billion it was valued at the day before his investment in the company became public knowledge.

You confused your arguments on what he will try to do in the future. Elon Musk won't sell it until and after it worths much more than he bought it. He knew he overpaid for twitter but he didn't really care. He sees it will worth much more in the future and even then it's not a given he will sell it.

The headlines you've been reading are very misleading btw. Just like one time CNN and the Guardian were reporting on men who get pregnant.

a reply to: AlienBorg

Once again, even if he overpaid at $44 billion, it was still valued at around $30 billion shortly before the purchase went through. It's now valued at half that.

So, what's Elon's plan for turning the ship around? Things keep breaking. Users are leaving. Advertisers are leaving. Twitter Blue is a complete disaster that is nowhere close to making up for the loss in advertiser revenue. Something tells me challenging Zuckerberg to a "literal dick measuring contest" isn't the right path.

originally posted by: Threadbare
a reply to: AlienBorg

Once again, even if he overpaid at $44 billion, it was still valued at around $30 billion shortly before the purchase went through. It's now valued at half that.

So, what's Elon's plan for turning the ship around? Things keep breaking. Users are leaving. Advertisers are leaving. Twitter Blue is a complete disaster that is nowhere close to making up for the loss in advertiser revenue. Something tells me challenging Zuckerberg to a "literal dick measuring contest" isn't the right path.

It's only your own interpretation the ship is sinking.
Twitter is an investment and you need to understand what investments are and how a billionaire may use it to promote his business and his ideas.

Just as he bought it at a given price he may sell it at a much higher price in the future of another investor or investors turn up. In the meantime people will invest in this platform.

a reply to: AlienBorg

That's just it though. Investors are pulling out their money.

originally posted by: Threadbare
a reply to: AlienBorg

That's just it though. Investors are pulling out their money.

I know the woke wishes twitter to disappear but it hasn't happened.

Twitter has approximately 450 million monthly active users as of 2022, which is 396 million users more from 2010. The social media platform's audience has increased by more than 40% since 2018. Key Stats: A small group of Twitter users creates the vast majority of tweets.

Nd nobody knows the actual amount of people who view twitter without having an account. It was possible up until recently. You can still view some of the tweets btw.

a reply to: AlienBorg

What exactly do numbers from before Elon took over show?

Recent numbers show active user numbers are down for both the app and web-based site.

Elon Musk claims Twitter is enjoying all-time high usage. We’re not seeing it.

originally posted by: MrInquisitive
a reply to: Ksihkehe
You are right, however, I don't think much of Musk. I realize that hurts the feelings of Musk cultists like yourself. Last time I checked, I have the right to feel the way I want about him and his abysmal business practices when it comes to Twitter.

Rotflmao!

I'm not sure what is funnier, that you think anyone here gives a rats crap what you think about Musk, or that you think he has engaged in 'abysmal business practices' with respect to Twitter - I guess referring to his firing a bunch of retarded woke cultists.

I don't disagree with you that some liberal SJW types are so extreme in their views, that they attack people who don't share every last one of their beliefs. But that is not what the complaint about increase of hate speech on Twitter since Musk's taking it over is about.

No, what they are complaining about is the dramatic increase in sane, rational comments about their insane, radical leftist policies. That is how they define 'hate speech'.

a reply to: tanstaafl

The site's user base is down. Advertisers are jumping ship. Elon's plan to make up for the lost advertising revenue is a laughable failure. Investors are pulling out money. And just today the company was sued for $500 million for failure to pay severance packages.

By every metric, Twitter is worse off from a business perspective since Elon took over.

originally posted by: Threadbare
a reply to: AlienBorg

What exactly do numbers from before Elon took over show?

Recent numbers show active user numbers are down for both the app and web-based site.

Elon Musk claims Twitter is enjoying all-time high usage. We’re not seeing it.

You forget many twitter members have been there for many years and were opposing the censorship on the platform. Others have had their accounts suspended to be reinstated after Elon took over. Twitter is much more attractive than it was due to the lack of the woke content moderators and change of admin. Only the woke crowd is unhappy.

a reply to: AlienBorg

And yet when you look at every metric that determines a social media site's success, Twitter is down in every single one of them since Elon took over.

originally posted by: tanstaafl

originally posted by: MrInquisitive
a reply to: Ksihkehe
You are right, however, I don't think much of Musk. I realize that hurts the feelings of Musk cultists like yourself. Last time I checked, I have the right to feel the way I want about him and his abysmal business practices when it comes to Twitter.

Rotflmao!

I'm not sure what is funnier, that you think anyone here gives a rats crap what you think about Musk, or that you think he has engaged in 'abysmal business practices' with respect to Twitter - I guess referring to his firing a bunch of retarded woke cultists.

I don't disagree with you that some liberal SJW types are so extreme in their views, that they attack people who don't share every last one of their beliefs. But that is not what the complaint about increase of hate speech on Twitter since Musk's taking it over is about.

No, what they are complaining about is the dramatic increase in sane, rational comments about their insane, radical leftist policies. That is how they define 'hate speech'.

I most certainly don't care what you think about anything. I only addressed my feelings towards Musk in response to someone who accused me of hating him. Somehow you deem that worth commenting on?

Just take a look at your own deranged, hateful rhetoric. Calling everyone Musk fired -- three quarters's of Twitter's staff -- retarded woke cultists, when in fact, a lot of those fired were programmers and other IT professionals who had nothing to do with monitoring speech on the site. Musk even attempted to hire some of these people back, but was less than successful. As for Musk's abysmal business practices, I don't just mean his mass firing of employees but violation of labor laws, refusal to pay bills, and drastic changes in moderation policies which have caused advertisers to flee. The last of these negative outcomes has been exacerbated by Musk's mercurial policy decisions that make Twitter a very unstable platform that neither users nor advertisers can rely on. All of this has caused Twitter to be devalued by two thirds, as I have already written and cited.

But did you address any of these matters in your response to me? No. You just attacked me and all the former Twitter employees who you don't know anything about. Your claim that it is all about woke this and woke that is a big joke. Try something besides this inane buzzword to make your point. And apparently sane speech to you is racist, bigoted and sexist attacks against people that disagree with you and your fellow right-wing travelers.

originally posted by: Threadbare
a reply to: AlienBorg

What exactly do numbers from before Elon took over show?

Recent numbers show active user numbers are down for both the app and web-based site.

Elon Musk claims Twitter is enjoying all-time high usage. We’re not seeing it.

You mean that either Musk is a liar or doesn't even know how his company is doing? Say it isn't so, Joe.

Speaking of which, notice how the Musk/Twitter defenders can't refute any of these facts/metrics regarding Twitter's decline, but can only repeat that tired old chestnut of "woke this, woke that"?

originally posted by: MrInquisitive

originally posted by: Threadbare
a reply to: AlienBorg

What exactly do numbers from before Elon took over show?

Recent numbers show active user numbers are down for both the app and web-based site.

Elon Musk claims Twitter is enjoying all-time high usage. We’re not seeing it.

You mean that either Musk is a liar or doesn't even know how his company is doing? Say it isn't so, Joe.

Speaking of which, notice how the Musk/Twitter defenders can't refute any of these facts/metrics regarding Twitter's decline, but can only repeat that tired old chestnut of "woke this, woke that"?

The woke is trying to present twitter is in s free fall and will never recover. This isn't true btw. The metrics you're talking about describe nothing more than the wishes of the woke. Heavily biased articles online about 'how twitter is declined' and 'how twitter lost its value'.

originally posted by: Threadbare
a reply to: AlienBorg

And yet when you look at every metric that determines a social media site's success, Twitter is down in every single one of them since Elon took over.

Heavily biased information you can find online which isn't representative of reality. The only people who criticise the platform or may have closed their accounts are members of the woke crowd.

So much for Musk's abysmal business practices being all about fighting "wokeism".

Fired Twitter Employees File $500 Million Suit For Unpaid Severance

Musk has slashed thousands of jobs since acquiring the company last fall.

Twitter Inc on Wednesday was hit with a lawsuit accusing it of refusing to pay at least $500 million in promised severance to thousands of employees who were laid off after Elon Musk acquired the company.

Courtney McMillian, who oversaw Twitter’s employee benefits programs as its “head of total rewards” before she was laid off in January, filed the proposed class action in San Francisco federal court.

McMillian claims that under a severance plan created by Twitter in 2019, most workers were promised two months of their base pay plus one week of pay for each full year of service if they were laid off. Senior employees such as McMillian were owed six months of base pay, according to the lawsuit.

But Twitter only gave laid-off workers at most one month of severance pay, and many of them did not receive anything, McMillian claims.

Twitter laid off more than half of its workforce as a cost-cutting measure after Musk acquired the company in October.

Twitter no longer has a media relations department. The company responded to a request for comment with a poop emoji.

The lawsuit accuses Twitter and Musk of violating a federal law regulating employee benefit plans. Twitter has already been sued for allegedly failing to pay severance, but those cases involve breach of contract claims and not the benefits law. The company has said it has paid ex-employees in full.

A pending lawsuit filed last month accuses Twitter of also failing to pay millions of dollars in bonuses it owes to remaining employees. Twitter has said the claims lack merit.

The company is also facing a series of other lawsuits stemming from the layoffs that began last year, including claims that it targeted women and workers with disabilities. Twitter has denied wrongdoing in the cases in which it has filed responses.

No, Musk didn't just lay-off his supposedly "woke" employees who were only following previous Twitter polices, he also laid off many programmers and IT professional as a cost-cutting measure, and like Donald Trump, is now trying to stiff his former employees their severance packages and bonus. This doesn't even include the likely lawsuits from property owners who have been stiffed by Twitter. Likely there will be payouts in the hundreds of millions, but in any case there will be large legal fees as well, not to mention Twitter records from the Musk era that will come out in the disclosure process, which will likely show just what a craptastic and slimy CEO he is.

originally posted by: MrInquisitive
So much for Musk's abysmal business practices being all about fighting "wokeism".

Fired Twitter Employees File $500 Million Suit For Unpaid Severance

Musk has slashed thousands of jobs since acquiring the company last fall.

Twitter Inc on Wednesday was hit with a lawsuit accusing it of refusing to pay at least $500 million in promised severance to thousands of employees who were laid off after Elon Musk acquired the company.

Courtney McMillian, who oversaw Twitter’s employee benefits programs as its “head of total rewards” before she was laid off in January, filed the proposed class action in San Francisco federal court.

McMillian claims that under a severance plan created by Twitter in 2019, most workers were promised two months of their base pay plus one week of pay for each full year of service if they were laid off. Senior employees such as McMillian were owed six months of base pay, according to the lawsuit.

But Twitter only gave laid-off workers at most one month of severance pay, and many of them did not receive anything, McMillian claims.

Twitter laid off more than half of its workforce as a cost-cutting measure after Musk acquired the company in October.

Twitter no longer has a media relations department. The company responded to a request for comment with a poop emoji.

The lawsuit accuses Twitter and Musk of violating a federal law regulating employee benefit plans. Twitter has already been sued for allegedly failing to pay severance, but those cases involve breach of contract claims and not the benefits law. The company has said it has paid ex-employees in full.

A pending lawsuit filed last month accuses Twitter of also failing to pay millions of dollars in bonuses it owes to remaining employees. Twitter has said the claims lack merit.

The company is also facing a series of other lawsuits stemming from the layoffs that began last year, including claims that it targeted women and workers with disabilities. Twitter has denied wrongdoing in the cases in which it has filed responses.

No, Musk didn't just lay-off his supposedly "woke" employees who were only following previous Twitter polices, he also laid off many programmers and IT professional as a cost-cutting measure, and like Donald Trump, is now trying to stiff his former employees their severance packages and bonus. This doesn't even include the likely lawsuits from property owners who have been stiffed by Twitter. Likely there will be payouts in the hundreds of millions, but in any case there will be large legal fees as well, not to mention Twitter records from the Musk era that will come out in the disclosure process, which will likely show just what a craptastic and slimy CEO he is.

It's his platform and can do as he please.
The woke crowd became so concerned after the takeover. You see, now people won't be able anymore to censor or even silence other on the basis of 'misgendering' or 'deadnaming' and get their accounts suspended for stating facts.

a reply to: AlienBorg

I've presented actual numbers. All you've presented is your love for Elon. He's not gonna sleep with you.