Originally published at: Musk's "roughly break-even" Twitter still not paying bills | Boing Boing
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The word “roughly” is doing more heavy lifting than a Lockheed C-130.
Meanwhile, being an appointee of von Clownstick certainly prepared this clown for her new job shovelling BS for Musk.
Twitter will become profitable shortly after the upgrade to fully automated self-driving, which I’ve heard will be ready in a matter of months
… for over a decade
Apparently, the Self-driving software will prioritize the lives of Blue-tickmark holders over those of “Enemies of Free Speech”.
Anyone catch the recent This American Life episode that featured Twitter’s long time Trust & Safety officer describing what prompted him to resign? Pretty interesting inside account…
yeah, no, Musk, you and Twitter are definitely going to the bad place, and this time you’re not going to win over Ted Danson’s heart and turn things around in a humorous and endearing series of events.
on a mission to become the world’s most accurate real-time information source
to drive civilization forward through the unfiltered exchange
Pick one. You aren’t doing both.
ETA:
Heck, you’re definitely not doing the second one even by itself, it’s self contradictory. I fail to see how giving a platform to bigots (aka “unfiltered”) drives civilization forward.
Must be nice to just decide not to pay your bills and yet still continue business as usual for months or years. Certainly these providers aren’t still thinking “he’s good for it and will pay eventually”?
I wonder what would happen to my own clients’ Google Cloud and AWS accounts if they just decided to stop paying and demanded renegotiated contracts.
You joke, but…
A little more accurate
It is much easier to break even when you don’t pay your bills. I believe the next step is to stop paying the employees. With no bills and no payroll, breaking even is a snap.
He is re-trading a contract they seem to have recently established with Google. My experience negotiating with Google was once fairly extensive, and I wish him well.
“Mind the GAAP”
Joke? I’m on the development team!
This morning’s mail included this item from a person writing on Medium - and I don’t think he meant it to be satire:
Aure’s Notes in DataDrivenInvestor ·
5 min read
Indeed. In B2B relationships there’s this weird tipping point. At first you have to be responsible. If you’re irresponsible, your vendors cut you off and you’re toast. However if you’re super irresponsible for a really long time, you get to a point where you’re worth more alive than dead, so your vendors are forced to prop you up in the hopes you somehow turn it around and can pay back their huge losses.
It’s yet another form of twisted incentive for bad behaviour baked into modern capitalism.
Basically what happened to Trump in the 1990s after a series of terrible real estate investments. He owed a shit-ton of money to a bunch of lenders but they realized the one valuable asset he still had was name brand recognition. So instead of calling in their debts they helped maintain the façade that he was a Genius Business Mogul in the hopes that doing so would keep his brand—and whatever shit he felt like slapping his name on—from tanking completely.
As the old saying* goes:
“If you owe the bank a thousand dollars, that’s your problem. If you owe the bank a billion dollars, that’s the bank’s problem.”
*Variously attributed in different forms to John Maynard Keynes and/or John Paul Getty
Musk’s a double down kinda dude. The casinos love them!
I have as much faith in her as CEO as I have in Aileen Cannon as a judge.