For all the awful shit that is Ye, Ye definitely knows how to market, advertise, and get noticed for the right reasons. (Lately more for the wrong, but… still.)
And Ye lets people who know what they’re doing run things. He’s not micromanaging his shoe creation, etc. For that reason I think Parler is the longer lasting of the two, but not by a lot.
Ye may not be micromanaging his shoe creation but he sure alienated all the buyers. Proportionately he lost more of his money faster than even Elon. I don’t know why we keep giving these right-wing narcissists any credit…
I mean, this was always going to be a problem with everything going digital. That stuff isn’t as permanent as people believe when you can just turn off a server, and it’s all gone.
Yeah I bet there must be a TON of people eager to entrust Twitter with their personal finances right about now.
ETA: this may be my favorite part of the story…
Musk’s layoffs were so rushed that he failed to realize he dismissed staff members “who ran key money-generating products” that “no one else knows how to operate.” In that way, Musk has shown that in his ambition to launch new products, he has overlooked some of the money-making opportunities that already existed on the platform.
“Musk proposes turning Twitter into a bank to avoid bankruptcy”
at this point i think he should turn twitter into a rocketship and shoot it into outer space. problem solved
eta:
“We just definitely need to bring in more cash than we spend,” Musk replied. “If we don’t do that and there’s a massive negative cash flow, then bankruptcy is not out of the question."
wow, the man is a genius.
Musk’s brutal honesty about a potential Twitter bankruptcy has increased doubts that the platform will survive Musk’s leadership style lack of leadership