Originally published at: Musk blames Twitter's "massive drop in revenue" on "activists," instead of blaming himself | Boing Boing
…
17 Likes
If users are deleting their accounts maybe they should be referred to as inactivists.
64 Likes
unless he’s referring to the collective pressure of eyeballs rolling after every single thing he’s done lately…
23 Likes
28 Likes
30 Likes
37 Likes
Too big. Mine falls through the quantum foam.
19 Likes
Good name for a band.
21 Likes
Exhibit… what comes after Z?.. of Elon Musk Is Not Good With Money.
He has set the price at $8 per month. Twitter, at the time of his takeover, had 395M users and ad revenue of $5B per month. He has also stated that the $8 tier will reduce ads by half (red flag #1, you’re paying and still get ads?)
So we have numbers to work with. Assuming that:
- No one leaves Twitter
- No advertiser leaves Twitter
- They don’t double the ads to non-subscribers so that the ads that subscribers see remains the same (the first two are already demonstrably false, and I fee confident in dismissing the third, but we’ve got numbers)
If every one of those 395 million users subbed up (every last one), Twitter would make a profit of $660 million per month above their current ad revenue. But, we’ve already seen that people have left, and we’ve already seen that advertisers have left.
Musk’s only glimmer of hope at this point is that between the salaries he’s cut, and however many new ads (Mike Lindell, have I got a deal for you), that the money even out enough to at least pay off the fines California is giving him for laying off a ton of people without 60 days notice.
31 Likes
Band name: Santorum
Album: Quantum Foam
27 Likes
“They’re trying to destroy free speech in America.”
“They”, Elon? Who are “They”?
31 Likes
You’ve been rich a long time, Musk. You know that in the end, money doesn’t care if someone is too incompetent to run a business or too hated to run a business. You know this is really all on you, even if you’re too much of a pathetic man-baby to admit it.
Enjoy losing your money, maybe some of your companies, and whatever was left of the reputation you traded on. I’m only sorry so many workers are being hurt by your stupidity.
28 Likes
I’m stealing this from a friend but Musk is appears to be playing Brewster’s Millions with Twitter right now.
27 Likes
I find Musk (and Trump’s) variant of the sign on President Harry Truman’s desk to be much less compelling than the original.
Truman said “The Buck Stops Here”
Musk and Trump believe “The Buck Stops Anywhere But Here”.
20 Likes
I’ll be surprised if Elon doesn’t live out the rest of his days obscenely wealthy but he does seem primed to get knocked out of the #1 spot if he doesn’t turn things around soon, so at least that ought to hurt the widdle guy’s ego a bit.
22 Likes
I mean, even if true, all he would be admitting is that his activist enemies were stronger than his army of activist sycophants, so…checkmate?
29 Likes
Lead Singer: Peggy
11 Likes
Libertarian MBA 101: when you’re to blame for bungling things, find someone else to blame.
21 Likes
Trump and Putin, “The buck stops in my offshore bank account.”
15 Likes
I don’t think that glimmer of hope will sparkle very much for him. Remember, the only reason he is firing people in this manner is so he doesn’t have to pay out on their stock options scheduled to vest in 2023. He will likey have to pay a fine, the salary of that staff for 60 days, and shell out a large number of $$ equivalent to the value of the employee stock vesting plan for 2023.
Later edit -it sounds like the layoffs include pay through to Jan 23. So, still going to be expensive but not as bad as I previously thought.
10 Likes
