I've seen the point made, and am inclined to agree: if it was thay easy to make an "everything app" then companies like Google or Facebook or Apple that are in better position to do it would have done it already.
You could argue Google and Apple (and to some extent Microsoft) are already everything apps, just they aren't all one app, they are even more integrated because they own and run the operating system. If you own an android, Google probably already does your search, email, phone, messaging, payments, documents, calculator, video watching, maps, translation, cloud storage, gaming, browsing and so much more. Similar can be said for Apple. Why is someone going to have it harder to reach in an app when they are on the home screen? Microsoft is the only real exception if you are tightly integrated with their products on desktop. Twitter just has a dysfunctional social media platform and now a very small team, who the hell is gonna trust them with all these functions?
@@Wozza365 Indeed, they're not "everything apps". Yet. But look at Google. -TH-cam -Google Pay -Gmail They have something for everything, it's just not all rolled into one yet.
He loves pointing at wechat as an example but he ignored that a lot of why it is all encompassing is that it's tied into Chinese government infrastructure on a massive scale. When push comes to shove, the CCP calls the shot. The idea that Elon would take a subservient role to any government is ridiculous given his inconsistent libertarian leanings.
Facebook already did that, like putting games, quiz, notepad, and whole other functionality into their site, but nobody cares, heck people thought that it made facebook look clutter and old
He's brought down operating expenses by simply refusing to pay his bills and forcing his suppliers/landlords to sue him. That doesn't actually reduce expenses, but just kicks them down the road (and accumulates lawyers fees and interest payments).
One aspect not mentioned in this video is that due to Musk's cost-cutting in areas like moderation and safe-guarding means it may not be legal in certain countries which will definitely hamper its future prospects.
He talked about getting out of the EU because of too stringent regulations. Shrinking the business: definitely the way to achieve growth and profits only a genius like musk could think of.
It's not even really legal (specifically for Twitter) in the United States. They are under a consent decree from the FTC that prohibits them from making big changes to moderation and other areas of platform and data management without first informing and getting the permission of the FTC. If there's one thing most people know about the FTC is they love to slap down massive fines for violating consent decrees
The idea that Sunak is some sort of Fanboy of Musk just shows how delusional Sunak is. Musk is a fantasist - he spent millions on hyperloop - which required a massive vacuum tube and was never going to work. Both Space X and Tesla ave relied heavily on US govt subsidies and whilst the Falcons are amazing, the Starship and the cybertruck could be their respective downfalls. And now he thinks Twitter could become another WeChat. Really? 😂😂 Who reckons Sunak quits govt ahead of the election next year to become his spokesman? 😁
While I think that most of this video does a good job portraying the situation that Twitter is in, I think that aspects of it are lazy journalistically. Specifically, TLDR gives Musk far to much credit on the point of cutting costs. While it is technically true that Twitter's operating costs are down, this video frames that as being inherently a point to his credit. The way that Twitter has gotten revenue to go down involves substantial cuts to moderation and basic operations that will negatively impact its ability to continue to operate going forward, which is *not* a laudable business practice. Instead, most of the cost-cutting appears to be short-term gains that will hurt the company in the long-term. Not having the staff to keep the website from crashing or monitor content to the standard that some countries legally require *will* impact its business in the long run, even if it brings costs down in the short-run. Additionally, this video uncritically parroted Twitter's framing of thier financial situation in terms of *non-debt* expenditures, which makes their financial situation look far better than is actually the case. If someone were to take out a massive mortgage that they couldn't afford and then apply for another loan, telling the bank that they had low non-debt expenditures, they'd be laughed out of the room because that's obviously not the whole picture. Similarly, Twitter has taken on a lot of debt with no clear way to pay it off, which will eventually severely impact their *actual* expenditures. By failing to critically examine the realities of this claim made by Twitter, TLDR fails to take a neutral position on the issue instead, I suspect unintentionally, taking Musk at his word. I think that this is an important point to get right because businesses will always try to paint their situation in the best possible light- that is their job. But by not double-checking business's claims about their financial situation and not adequately discussing the long-term impacts of specific examples of cost cutting, journalists run the risk of allowing businesses to gain positive media attention from decisions that should actually be reported on as dubious, allowing companies to get away with making short-term decisions that will backfire long-term. To be clear, I do think that *most* of this video did a good job of discussing the situation that Twitter is facing. However, I think that these concerns are important to address because there were portions of the coverage that didn't adequately fact-check the claims made by Twitter itself. While Twitter is still pretty clearly in a bad situation even with this lazy analysis, this is an important thing to get right, especially if you end up covering other businesses in the future which may be using similar tactics to get away with short-term decision making. There are many businesses that will make similar mistakes but which won't be as transparently mismanaged as Twitter, and in those cases it's even more important to be aware of the importance of not merely taking a company's framing of its situation at face value.
Don't know if I would call it due to laziness but I agree with everything else. Well said, there are more details and they are important to cover. I know it's TL;DR, but the practices he's employed are not sound long term cost cutting necessitates. At least majority of it is cutting labour to an unstable extent. He did touch on it on terms of the moderation and "freedom" sending away advertisers but a big piece of missing.
I'd some this video up by saying that it is very shallow and doesn't say anything that hasn't already been said hundreds of times already. They have gone into a deep dive on any of the issues and missed a lot of stuff out. The thing I struggle with understanding the most is that Musk wants to turn twitter into some sort of everything app (that is incredible unlikely taking into consideration the already crowded market in the west). You won't be able to achieve that by making cuts. If you want to develop it further, he needs to be pumping huge amounts of money into it to develop the new products and services. This is something that the richest man in the world definitely does have the resources to achieve but you'll never do it by firing 70% if the workforce
Very diplomatic to describe haphazard elimination of most of what makes the site actually work as decreasing operating costs. I mean, it's technically true, but I don't think it's doing anything good besides spending less money. On things that are necessary. But hey, I'm no genius (lol) so what do I know?
@@delfinenteddyson9865Yeah unfortunately you're right there. But there are signs people and regulators are starting to realize the issues. One company controlling so much, of just search alone, is creepy IMO.
To be fair, it was never worth 44 billion, and also some other truth, it's not 19 billion now either. He just decided it is worth that much and we all know how much everything he has is massively overvalued.
This timeline and the one your going on about are both better than the one we’re the old owners keep it and allow governments to run roughshod on free speech.
@@MichaelDeHaven I've always felt that he bought it to run it into the ground. Not because I'm a Musk fan, but because I think he's so insecure that he would actually buy Twitter and run it into the ground because he's THAT butt-hurt about it.
The Twitter of now barely has enough employees to keep everything running (though with far more failures and outages than before the purchase). It certainly doesn't have the workforce to branch out and add whole new business models to it.
I don't think firing 80% of their workforce in a horrible short notice [and essentially via e-mail] while trying to smear their reputation in the process is a good thing...
@@evryatis9231 The site is about as stable as an insane asylum built on top of an ancient burial ground directly above the San Andreas Fault and goes down like Nancy Reagan in a busy week. Bigotry, violent threats, sex crimes, and misinformation (a specific case of which Musk himself is presently being sued for recklessly boosting) are more out of control than ever. Per the most delusionally positive, self-serving valuation possible by its owner, the company's value has dropped by well over half in its year under his management, and an actual realistic estimate would probably have the value down more like 75-80%. The company is running afoul of laws all over the place internationally, and Musk is deeply in debt to the Saudi government in this particular endeavor. But yeah, somewhat smooth. 🙄🙄🙄
@@evryatis9231 well, first couple of months were very rocky, but I can give you that. I just wonder how many of the remaining personnel are running 16h days now...
"CNN told me hate Elon so rocket man bad" - Thats you buddy. How the fck do you justify, firing useless people is a bad thing? X working fine, in fact working better and new features coming...
Bro cmon Twitter was shit before and even worst today. Nothing was removed. The company was clearly bloated. Twitter should of cut cost but should not of done this whole free speech campaign and decreased revenue by the same amount. Had they done so, Twitter would of made 3B$ and with tech Pe’s being at 30 min. The valuation could of soared to 90B$. People act like Twitter was an angel before, y’all just forgot 😂.
You guys must be live on some other planet, not on Earth, for sure. Twitter essentially was a censoring machine, that was a huge cost, Elon just got ride of the censoring and the people who not worked. Even if you are a braindead leftists thats literally what he did, how you can't see this.
I appreciate that this is all we have but how insane is it that we’re all duly quoting valuations that amount to a single person’s heavily self-interested vibe check at that specific point in time
@@Random_dud31 I highly doubt he thought it was undervalued. His goals are to create and direct a better future for mankind. Whether or not he is achieving those goals is a different story. Having a say in how democracy is working online (at a premium price) is part of it.
But Musk isn't really free speech. *He has a higher rate of government compliance than the previous owners.* On top of that much of that is in authoritarian type governments. That doesn't even go into how he is basically held financially hostage to China. Also Musk is a big corporation himself.
@@TheAllRounderMemes why is that delusional? You can clearly read the terms of service to tell but also the fact X doesn't take down posts from government requests etc. You can basically do or say anything as long as it's not illegal.
Twitter will die a death by a thousand cuts. No single thing will end it, but lots of dumb avoidable things will. Musk also seems to think his brand is somehow getting better. At his height he was considered a modern Tony Stark, now he just seems like a Bond villain
Sure, he has substantially cut costs, but the way he has hampered his ability to continue to make money by firing a large amount of the content moderation team, which has caused a large uptick in hate speech and scared away advertisers who are in no hurry to return as a result. Also, the name change from something iconic and memorable to something that feels like a placeholder and is essentially SEO suicide is the biggest example of corporate self-sabotage I have seen in my whole life.
technically he didnt want twitter, but because he constantly talked about buying the platform he put himself into an unenviable position of having to either buy twitter or get sued over his purchase threats.
He did not impressively cut cost. He massacred his ability to generate revenue as part of those cuts. Anybody can cut costs if they don't care about maintaining revenue.
Twitter is okay as far as it goes, but I will never trust Elon Musk with money. He paid 4x more for Twitter than he should have and is now desperate to service his debt.
@@usa1mac Absolutely disgusting. I hope we can bar him from ownership, and turn over these services to the government. EIon is one of the most anti free speech d e g e n s aIive right now. What a shame we, as a republic, allow this
Lets not forget that he used money people had given him as deposits on Teslas to pay for running costs, he's engaged in market manipulation, and repeatedly over promised and under delivered, or never delivered, on numerous projects. No one should trust him to do what he says, and definitely not trust him with their money
Oh Elon, it’s almost like you bought a company that specializes in something you had no knowledge about how to run, and you’re spending most of you time trying to show everyone that it wasn’t a stupid fucking mistake. Five stars. No notes. Elon and Terrible Horrible No Good Very Bad Twitter Purchase is the best comedy I’ve watched in years.
Is this a joke? Given him kudos for bringing down his OpEx? That's like saying "I saved $5,000/yr by just cancelling my car insurance. Also, I love street racing"
I think we are seeing that social media has a generational life cycle. Young people don’t want to be on mom and dad’s site. Until one company can figure out how to predict and create the next popular site like the fashion industry turns over styles, it will always be a boom and bust business.
@@sontho6995 TH-cam is technically social media but I would say it’s more like democratized professional media. For me, half of what I watch on TH-cam is content produced by large businesses that can be found on cable or satellite TV. The other half are individuals that their career is TH-cam content creation, many have a small staff. A small portion of content I watch on TH-cam is someone that just creates content casually. I only watch videos from 1 person I personally know on TH-cam and that’s honestly just because he texts me the links when he makes them. I don’t think my experience is unique at all. Compared to others social media, I know there are professional influencers on those sites but I think the dynamic is much different. I don’t think there is even such a thing as someone that makes a living solely from tweeting.
Let's be honest, Elon has no plan to turn Twitter into an everything app and no idea how to do it. He just said that to look like he knows what he is doing.
It doesn't matter whether x sucks and makes a loss, it is basically a very expensive megaphone for a far right megalomaniac, I love Musk's other companies but X was a massive mistake, and I have lost a lot of respect for Elon for the crap he spouts
X must be worth more now because an investor valued it at $15B in June and Musk valued it at 19? Really? Is that because it’s impossible that Musk overvalued it when he issued RSUs in order to make his employees happy? And how are visits to his profile an indication that his brand is improving when we now that developers deliberately increased the reach of his tweets? Did you do any research for this story at all?
Can’t be doing to good considering they still have to call it “ X, formerly Twitter” 6 months after the name change. Stuff on internet linked is still using “Twitter “ as the link. What a marketing flop!
What you missing is amazon has already implemented most of these features (they have payments, music, twitch for social media, and shopping ofc ), and is generally more trusted in the US than X/Twitter or Elon himself. The other services amazon offers are small in market share. Google does search shopping and pay as well as owning youtube. These companies keep the consumer experience silo-ed because of market research not tech limitations. Elon is trying to do this with less capital, fewer user, and less social capital (aka trust) than his competitors. There is no chance this ever this will workout for him or his investors.
So if the company was worth 44bn and now its 19bn and its still going down, it will basically never be profitable for him. I say just close the doors. Twitter sucks anyway
Sounds like elon made a bad acquisition, but football clubs lose 20 million on player acquisitions all the time. Now he isn’t playing with millions. He is playing with billions (and losing with billions). But look, he still does a better job than Chelsea
Personally , i downloaded the app when the whole Elon saga started , when rumors of him buying it started appearing I only use it for like 5 times a day , mainly to follow political news of my own country (Greece) and also spaceflight news (which is why Im an Elon fan) But i have to admit , his purchase of twitter and the whole X rebranding have been a disaster... It took Elon's time, money and energy away from Tesla & Spacex , where he is making real positive change for the world Not to mention that he has turned many people off that used to support him
He didn’t wanna buy twitter in the first place which is even funnier. Bro was forced to buy it cause he promised he’d buy it after delaying to buy twitter for months.
Wow only 10% loss of daily users when Elon did a massive overhaul of expenditures saving them multi millions and making them some what profitable that sounds very impressive.
Compared to the trainwreck everyone was yelling about it's not that bad. Stock value doesn't mean a whole lot, especially with tech. I think it's got staying power, but calling it X was really f*cking dumb
Its well run and works when compared to its biggest competition Facebook... the Zuck spend a couple of Billions on a shitty VRchat clone and a stillbirth of a twitterclone.
What do you mean? Google and Apple are companies while WeChat is an application by Tencent. Do you mean Android and iOS? In which case it's still not the same as they are OSes on which apps (like WeChat) are running.
@@bobrong9645 Yes I meant Android and iOS. I understand what you mean and it's a good point, but I don't see a meaningful difference between having an all-in-one app like WeChat and Google/Apple's app ecosystem.
When describing the elongated muskrat's position on 'free speech' it's important to note that he has very specific ideas about which speech ought to be free. This is a nice say of saying that he does not actually have standards or principles, just gets mad when the people he agrees with (mostly conspiracy loons) are not amplified sufficiently for his tastes.
4:45 "Musk has done an impressive job..." lol he fired 80% of staff; that is not a brilliant and innovative move, that is the level of creativity seen in 14 year olds who just discovered Ayn Rand.
"Musk's strong position on free speech"... ummm, is that accurate? "Musk's confused policies he claims has something to do with free speech" More accurate.
He bans anyone critical of him and his competitors, he is also faster to comply to a dictatorship’s request to censor than Twitter before him. The “free speech” BS only serves the Nazis and far-right shitposters he welcomed back.
I recently deleted the app from my phone because I realized that I was now consistently getting angry. It used to be that you could find interesting discussions of political and cultural topics, but now it felt like you had to dig through 50 toxic blue-check comments which were designed to be controversial, before finding any worthwhile opinions.
I've seen the point made, and am inclined to agree: if it was thay easy to make an "everything app" then companies like Google or Facebook or Apple that are in better position to do it would have done it already.
You could argue Google and Apple (and to some extent Microsoft) are already everything apps, just they aren't all one app, they are even more integrated because they own and run the operating system.
If you own an android, Google probably already does your search, email, phone, messaging, payments, documents, calculator, video watching, maps, translation, cloud storage, gaming, browsing and so much more. Similar can be said for Apple. Why is someone going to have it harder to reach in an app when they are on the home screen? Microsoft is the only real exception if you are tightly integrated with their products on desktop. Twitter just has a dysfunctional social media platform and now a very small team, who the hell is gonna trust them with all these functions?
@@Wozza365
Indeed, they're not "everything apps". Yet.
But look at Google.
-TH-cam
-Google Pay
-Gmail
They have something for everything, it's just not all rolled into one yet.
He loves pointing at wechat as an example but he ignored that a lot of why it is all encompassing is that it's tied into Chinese government infrastructure on a massive scale. When push comes to shove, the CCP calls the shot.
The idea that Elon would take a subservient role to any government is ridiculous given his inconsistent libertarian leanings.
Facebook is the closest and even then they have issues with privacy and law
Centralising so many important services is just begging for trouble.
In most states in the USA and I bet the EU will want a say also, this is too monopolistic and against a lot of laws
Facebook already did that, like putting games, quiz, notepad, and whole other functionality into their site,
but nobody cares, heck people thought that it made facebook look clutter and old
It's also not going to work, I recommend Tech Altars video on it. TLDR: China doesn't have Google Play.
@@jensenraylight8011musk wants to add banking; which fb does not
Have you seen the college humour skit for Omni?
He's brought down operating expenses by simply refusing to pay his bills and forcing his suppliers/landlords to sue him. That doesn't actually reduce expenses, but just kicks them down the road (and accumulates lawyers fees and interest payments).
Can you show me we’re you found this
One aspect not mentioned in this video is that due to Musk's cost-cutting in areas like moderation and safe-guarding means it may not be legal in certain countries which will definitely hamper its future prospects.
He talked about getting out of the EU because of too stringent regulations. Shrinking the business: definitely the way to achieve growth and profits only a genius like musk could think of.
Plus the fact that they reduced operating costs by simply refusing to pay rent or bills.
Wish them look in the regulated finance space with that attitude, yes 😂
It's not even really legal (specifically for Twitter) in the United States. They are under a consent decree from the FTC that prohibits them from making big changes to moderation and other areas of platform and data management without first informing and getting the permission of the FTC. If there's one thing most people know about the FTC is they love to slap down massive fines for violating consent decrees
The idea that Sunak is some sort of Fanboy of Musk just shows how delusional Sunak is.
Musk is a fantasist - he spent millions on hyperloop - which required a massive vacuum tube and was never going to work. Both Space X and Tesla ave relied heavily on US govt subsidies and whilst the Falcons are amazing, the Starship and the cybertruck could be their respective downfalls.
And now he thinks Twitter could become another WeChat. Really? 😂😂
Who reckons Sunak quits govt ahead of the election next year to become his spokesman? 😁
Given how few people pay for TH-cam, Musk is deluded if he thinks people will pay for Twitter
I don't know why he paid 44bn, when it only costs 8 dollars.
You underestimate the amount of fatherless Elonsexuals out there
There are very few addicts of YT, and a lot of twitter.
@@abrvalg321Not really. My generation and younger steer more towards YT & Tiktok, while old ppl in their 40s 50s & 60s flock to Twitter
@@redrob6026I thought he was insane. Twitter wasn't worth no 44Bil. And what's w/him and the letter X? Space X, X formally Twitter.
While I think that most of this video does a good job portraying the situation that Twitter is in, I think that aspects of it are lazy journalistically. Specifically, TLDR gives Musk far to much credit on the point of cutting costs. While it is technically true that Twitter's operating costs are down, this video frames that as being inherently a point to his credit.
The way that Twitter has gotten revenue to go down involves substantial cuts to moderation and basic operations that will negatively impact its ability to continue to operate going forward, which is *not* a laudable business practice. Instead, most of the cost-cutting appears to be short-term gains that will hurt the company in the long-term. Not having the staff to keep the website from crashing or monitor content to the standard that some countries legally require *will* impact its business in the long run, even if it brings costs down in the short-run.
Additionally, this video uncritically parroted Twitter's framing of thier financial situation in terms of *non-debt* expenditures, which makes their financial situation look far better than is actually the case. If someone were to take out a massive mortgage that they couldn't afford and then apply for another loan, telling the bank that they had low non-debt expenditures, they'd be laughed out of the room because that's obviously not the whole picture. Similarly, Twitter has taken on a lot of debt with no clear way to pay it off, which will eventually severely impact their *actual* expenditures. By failing to critically examine the realities of this claim made by Twitter, TLDR fails to take a neutral position on the issue instead, I suspect unintentionally, taking Musk at his word.
I think that this is an important point to get right because businesses will always try to paint their situation in the best possible light- that is their job. But by not double-checking business's claims about their financial situation and not adequately discussing the long-term impacts of specific examples of cost cutting, journalists run the risk of allowing businesses to gain positive media attention from decisions that should actually be reported on as dubious, allowing companies to get away with making short-term decisions that will backfire long-term.
To be clear, I do think that *most* of this video did a good job of discussing the situation that Twitter is facing. However, I think that these concerns are important to address because there were portions of the coverage that didn't adequately fact-check the claims made by Twitter itself. While Twitter is still pretty clearly in a bad situation even with this lazy analysis, this is an important thing to get right, especially if you end up covering other businesses in the future which may be using similar tactics to get away with short-term decision making. There are many businesses that will make similar mistakes but which won't be as transparently mismanaged as Twitter, and in those cases it's even more important to be aware of the importance of not merely taking a company's framing of its situation at face value.
Thank you, my thoughts exactly!
Some interesting points and they do make sense. Do you think TLDR was trying to stay on the fence in order to avoid upsetting the Musk fanboys?
Incredible comment. Thank you for your addition to the topic. I hope people don't get lazy and read it.
Don't know if I would call it due to laziness but I agree with everything else. Well said, there are more details and they are important to cover. I know it's TL;DR, but the practices he's employed are not sound long term cost cutting necessitates. At least majority of it is cutting labour to an unstable extent. He did touch on it on terms of the moderation and "freedom" sending away advertisers but a big piece of missing.
I'd some this video up by saying that it is very shallow and doesn't say anything that hasn't already been said hundreds of times already. They have gone into a deep dive on any of the issues and missed a lot of stuff out.
The thing I struggle with understanding the most is that Musk wants to turn twitter into some sort of everything app (that is incredible unlikely taking into consideration the already crowded market in the west). You won't be able to achieve that by making cuts. If you want to develop it further, he needs to be pumping huge amounts of money into it to develop the new products and services. This is something that the richest man in the world definitely does have the resources to achieve but you'll never do it by firing 70% if the workforce
It being worth still as much as $19 billion seemed surprisingly to me when I learned about that
users are worth a lot of money i guess
Didn't the banks that hold the debt talk about a write down to $16 billion already?
@@MichaelDeHaven yeah, there's no good solid number on the value, I guess because in a sense any number would be arbitrary
@@joshuahillerup4290 Musk himself decided it worth that much, it's probably worth less than 1 billion at this point with Musk at the head.
@@TheSeparhim oh certainly any price would include him not being involved anymore
Very diplomatic to describe haphazard elimination of most of what makes the site actually work as decreasing operating costs. I mean, it's technically true, but I don't think it's doing anything good besides spending less money.
On things that are necessary. But hey, I'm no genius (lol) so what do I know?
I just don’t think anyone would want or trust an app that does everything. Putting all your eggs in one basket and all that.
and here I thought google was pretty popular
@@delfinenteddyson9865Yeah unfortunately you're right there. But there are signs people and regulators are starting to realize the issues. One company controlling so much, of just search alone, is creepy IMO.
The population of China would beg to disagree
Tell that to Wechat and the Chinese who use it for everything 🤦🏼♀️
@@RFXZ67966 The population of China has no real alternative options.
Elon certainly is one of the biggest magicians of our time. Only he can make a company worth 19 billion out of a company of 44 billion.
A company dropping in value is a completely new phenomenon in the modern day
To be fair, it was never worth 44 billion, and also some other truth, it's not 19 billion now either. He just decided it is worth that much and we all know how much everything he has is massively overvalued.
Well it wasn't really worth $44b when he bought it. Anyone can overpay for something
What's the fastest way to become a millionaire. Give Elon a billion dollars.
It was never really worth 44b$. Its just because he forced the purchase aggressively.
if Musk delete the app after the catastrophic failure, I bet his fanboys will claim it was his intention all along.
Saint Musk is never wrong! 😂
I've already seen posts like that.
"He bought it to destroy it."
"It was too dangerous to exist."
This timeline and the one your going on about are both better than the one we’re the old owners keep it and allow governments to run roughshod on free speech.
@@honkler5974X blocks free speech on the platform
@@MichaelDeHaven I've always felt that he bought it to run it into the ground. Not because I'm a Musk fan, but because I think he's so insecure that he would actually buy Twitter and run it into the ground because he's THAT butt-hurt about it.
I didn't use twitter much before, but now I don't use it at all, since I'm unable to view tweets from people on there without being logged in
He burned money. There's no way Twitter would've been worth 44bi.
IT'S ONLY BEEN A YEAR?? He's crammed so much bullshit into 12 months that I honestly thought it was longer
What bullshit though? What are you meat riding? Big corporations?
1 year already? ooft where did the time go
Yeah...to quote a famous kundt "let that sink in" 😂
The Twitter of now barely has enough employees to keep everything running (though with far more failures and outages than before the purchase). It certainly doesn't have the workforce to branch out and add whole new business models to it.
I don't think firing 80% of their workforce in a horrible short notice [and essentially via e-mail] while trying to smear their reputation in the process is a good thing...
to be fair the company is still running somewhat smoothly after a 80% employee cut 💀
@@evryatis9231cope
@@evryatis9231 The site is about as stable as an insane asylum built on top of an ancient burial ground directly above the San Andreas Fault and goes down like Nancy Reagan in a busy week. Bigotry, violent threats, sex crimes, and misinformation (a specific case of which Musk himself is presently being sued for recklessly boosting) are more out of control than ever. Per the most delusionally positive, self-serving valuation possible by its owner, the company's value has dropped by well over half in its year under his management, and an actual realistic estimate would probably have the value down more like 75-80%. The company is running afoul of laws all over the place internationally, and Musk is deeply in debt to the Saudi government in this particular endeavor. But yeah, somewhat smooth. 🙄🙄🙄
@@evryatis9231 well, first couple of months were very rocky, but I can give you that. I just wonder how many of the remaining personnel are running 16h days now...
"CNN told me hate Elon so rocket man bad" - Thats you buddy. How the fck do you justify, firing useless people is a bad thing? X working fine, in fact working better and new features coming...
I wouldn't call getting rid of 80% of the stuff to reduce operational costs a "brilliant" move.
Bro cmon Twitter was shit before and even worst today. Nothing was removed. The company was clearly bloated. Twitter should of cut cost but should not of done this whole free speech campaign and decreased revenue by the same amount. Had they done so, Twitter would of made 3B$ and with tech Pe’s being at 30 min. The valuation could of soared to 90B$. People act like Twitter was an angel before, y’all just forgot 😂.
Twitter hasn't fully broken yet so that's something
If they got rid of 80% but it's still operating largely the same, then you could probably call it wise to cutback on staff.
You guys must be live on some other planet, not on Earth, for sure. Twitter essentially was a censoring machine, that was a huge cost, Elon just got ride of the censoring and the people who not worked. Even if you are a braindead leftists thats literally what he did, how you can't see this.
Successful companies grow but not X
I appreciate that this is all we have but how insane is it that we’re all duly quoting valuations that amount to a single person’s heavily self-interested vibe check at that specific point in time
Slashing cost by refusing to pay your rent and lawyers is an interesting strategy
It would be cool that TLDR BUISNES had it's own greenish lights for the background to give this channel more of it's unique distinctive charm
Twitter was overvalued from the beginning. Probably the same with all other tech companies.
Twitter used to be more valuable on every metric than it is now.
@@burgermind802 still far too overvalued
True. But the problem is that musk with his big brian taught it was under valued
@@burgermind802and which metrics are those? Cause the only metric that matters is the price that a buyer is willing to buy and thats low
@@Random_dud31 I highly doubt he thought it was undervalued. His goals are to create and direct a better future for mankind. Whether or not he is achieving those goals is a different story. Having a say in how democracy is working online (at a premium price) is part of it.
Imagine voluntarily destroying a company that you paid billions for
It's weird you rather want corporations to control you than having free speech, the right to correct misinformation etc but okay
But Musk isn't really free speech. *He has a higher rate of government compliance than the previous owners.* On top of that much of that is in authoritarian type governments. That doesn't even go into how he is basically held financially hostage to China. Also Musk is a big corporation himself.
@@EmpiricalSinyou are delusional to think that X is any freer than the other platforms
@@TheAllRounderMemes why is that delusional? You can clearly read the terms of service to tell but also the fact X doesn't take down posts from government requests etc. You can basically do or say anything as long as it's not illegal.
Musk capitulated when Turkey's government demanded Twitter censors their opposition's posts. Previously Twitter had refused. So that claim is false.
Twitter will die a death by a thousand cuts. No single thing will end it, but lots of dumb avoidable things will. Musk also seems to think his brand is somehow getting better. At his height he was considered a modern Tony Stark, now he just seems like a Bond villain
I still refuse to call it "X".
But you can't stay away
Not sure Musk is qualified to be giving interviews on anything technology related, much less AI
I think it would be worth mentioning the increase the far right, trolls, indecent images of children and hate incidents
Well decrease in far left trolls was a positive.
Sure, he has substantially cut costs, but the way he has hampered his ability to continue to make money by firing a large amount of the content moderation team, which has caused a large uptick in hate speech and scared away advertisers who are in no hurry to return as a result. Also, the name change from something iconic and memorable to something that feels like a placeholder and is essentially SEO suicide is the biggest example of corporate self-sabotage I have seen in my whole life.
Its the primary source in terms of creating lots of conflict. Both virtually and in reality.
And he also cut costs by not paying rent. As long as you don't get sued, you cut costs this way
Twitter was always full of hate speech.
You forgot to mention that Twitter was losing money before Musk
I think the foray into the Twitter purchase was an ego trip too far. Perhaps should have stuck to cars and space rockets
technically he didnt want twitter, but because he constantly talked about buying the platform he put himself into an unenviable position of having to either buy twitter or get sued over his purchase threats.
Might'be been an attempt at market manipulation that backfired
@@boarfaceswinejaw4516no Elon literally signed a agreement to buy twitter.
Why do you lie about this?
@@AL-lh2ht
Did you miss the entire Drama where Elon spent months trying to weasel his way out of buying Twitter?
Poor old Elmo isn’t all that good at cars or rockets (or tunnels) either...
He did not impressively cut cost. He massacred his ability to generate revenue as part of those cuts.
Anybody can cut costs if they don't care about maintaining revenue.
I love the way you make case studies
03:02 the small texts really made my day 🤣
When you reduce operating costs by 70%... and the revenue by 90%.
I love the "Masterful Gambit, sir."
Twitter is okay as far as it goes, but I will never trust Elon Musk with money. He paid 4x more for Twitter than he should have and is now desperate to service his debt.
I'm not a past fan of Musk, but I really appreciate him buying Twitter to help free speech.
@@usa1mac Absolutely disgusting. I hope we can bar him from ownership, and turn over these services to the government. EIon is one of the most anti free speech d e g e n s aIive right now. What a shame we, as a republic, allow this
@@usa1mac And then turns around and installs Linda Yaccarino.
Lets not forget that he used money people had given him as deposits on Teslas to pay for running costs, he's engaged in market manipulation, and repeatedly over promised and under delivered, or never delivered, on numerous projects. No one should trust him to do what he says, and definitely not trust him with their money
U use paypal?
Oh Elon, it’s almost like you bought a company that specializes in something you had no knowledge about how to run, and you’re spending most of you time trying to show everyone that it wasn’t a stupid fucking mistake.
Five stars. No notes. Elon and Terrible Horrible No Good Very Bad Twitter Purchase is the best comedy I’ve watched in years.
If Musk wants an everything app then he should have purchased AOL... and a time machine.
WeChat: Yo Dog, we heard you like operating systems, so we made an operating system to run on your operating system.
Is this a joke? Given him kudos for bringing down his OpEx? That's like saying "I saved $5,000/yr by just cancelling my car insurance. Also, I love street racing"
He’s turned it into a money draining cess pit. Genius my ass.
I think we are seeing that social media has a generational life cycle. Young people don’t want to be on mom and dad’s site. Until one company can figure out how to predict and create the next popular site like the fashion industry turns over styles, it will always be a boom and bust business.
Would you put TH-cam in that realm of having a generational life cycle?
@@sontho6995 TH-cam is technically social media but I would say it’s more like democratized professional media. For me, half of what I watch on TH-cam is content produced by large businesses that can be found on cable or satellite TV. The other half are individuals that their career is TH-cam content creation, many have a small staff. A small portion of content I watch on TH-cam is someone that just creates content casually. I only watch videos from 1 person I personally know on TH-cam and that’s honestly just because he texts me the links when he makes them. I don’t think my experience is unique at all. Compared to others social media, I know there are professional influencers on those sites but I think the dynamic is much different. I don’t think there is even such a thing as someone that makes a living solely from tweeting.
Wow lets hear the plan for X
Why is a "Strong position on free speech" described as "controversial". What a bonkers world this is now.
Changing the name was a bad idea, he took a very well known name and turned it a generic name like "x".
Please don't stop making this videos and can you make a video on shipping industry on its business model
Twitter ditched their name BUT X is still using the name Twitter when spoken about. So why change the name?!
Let an Elon Musk company near my finances / bank needs? Get real.
He should let that sink in
Been on Twitter since 2014. One and a half years under Elon I'm permanently banned yesterday.
X is doing pretty good. I use it everyday for getting the latest news free from censorship.
Honestly, I think 19 billion is still overvalued
Realistically, it's probably more like 8-12.
Let's be honest, Elon has no plan to turn Twitter into an everything app and no idea how to do it. He just said that to look like he knows what he is doing.
Impressive job.... Wat
He just fired everyone without thought!! To the point they were locked out!! Literally couldn't enter the building!!
At 1:43 the man really said "the platform's controversial politics, including Musk's strong position on free speech "
Name a product that increases in value with age AND use.
It doesn't matter whether x sucks and makes a loss, it is basically a very expensive megaphone for a far right megalomaniac, I love Musk's other companies but X was a massive mistake, and I have lost a lot of respect for Elon for the crap he spouts
Yep. SpaceX seems to be doing great stuff. I wish he'd stayed away from social media.
@@MichaelDeHaventhe funny thing is spaceX is happy musk is away from them without musks.
Typical democrat. Thinks democracy and free speech is far right.
@@jimj2683 if he was really about free speech he wouldn't keep locking things behind a pyawall and banning people he doesn't like
Maybe he can buy Facebook and call it "F" if you get my drift.🤭🤭
I'm guessing twitter wil be cash-flow positive around the same time that Tesla finally delivers self-driving cars
One year and 9 months later and Twitter or X is still here ❤
X must be worth more now because an investor valued it at $15B in June and Musk valued it at 19? Really? Is that because it’s impossible that Musk overvalued it when he issued RSUs in order to make his employees happy?
And how are visits to his profile an indication that his brand is improving when we now that developers deliberately increased the reach of his tweets?
Did you do any research for this story at all?
Yea this guys do only a surface level take on whatever they talk about. Like high school level some times.
Nope, it's called Twitter. Not x
Users are down, you don't see anything your friends post. Only use it to see news about ukraine real time
Can’t be doing to good considering they still have to call it “ X, formerly Twitter” 6 months after the name change. Stuff on internet linked is still using “Twitter “ as the link. What a marketing flop!
What you missing is amazon has already implemented most of these features (they have payments, music, twitch for social media, and shopping ofc ), and is generally more trusted in the US than X/Twitter or Elon himself. The other services amazon offers are small in market share. Google does search shopping and pay as well as owning youtube. These companies keep the consumer experience silo-ed because of market research not tech limitations. Elon is trying to do this with less capital, fewer user, and less social capital (aka trust) than his competitors. There is no chance this ever this will workout for him or his investors.
I hate Amazon as much as Musk but this is true
I don't get why an everything app should exist in the first place. It will be like having an operating system on top of android/apple os
Como este cidadão Trabalha!!! Eles é Incrível.
As the financial situation shifts away from cheap money, one wonders who would pay 19 billion dollars for today's Tower of Babel?
Why is this video not on Nebula? 😕
I’ve been very confused after looking all around Nebula to find it but couldn’t
Maybe they don't put their TLDR Business videos on Nebula? Or it might be that it's just lagging behind or something...
Thank you so much for this. This is a priceless report. Twitter never should have existed and I'm excited to see it collapse.
So just sitting at home doing nothing is a better business than X...
Dont just parrot Musks claim of being for "free speech". Hes for his speech, and limiting speech that criticizes him.
So if the company was worth 44bn and now its 19bn and its still going down, it will basically never be profitable for him. I say just close the doors. Twitter sucks anyway
6:02 "(E)X-employees" is such a fitting name...
No body here in America would ever allow an African American have that much power. It's just how it is here in America.
I don't understand the rebranding, I thought that was a huge part of the companies value.
He bought twitter ro stop people making fun of him on it. I suppose losing 40% of isers kindve achieves that.
They're going to have to, because I'm not paying for it.
Twitter has turned into Xcrement.
we can talk about why X is falling, by its accessibility at all as someone who hasn't yet paid.
Sounds like elon made a bad acquisition, but football clubs lose 20 million on player acquisitions all the time. Now he isn’t playing with millions. He is playing with billions (and losing with billions). But look, he still does a better job than Chelsea
6:50 I mean Apple, Google and Samsung have all done it just with multiple apps not just one.
Personally , i downloaded the app when the whole Elon saga started , when rumors of him buying it started appearing
I only use it for like 5 times a day , mainly to follow political news of my own country (Greece) and also spaceflight news (which is why Im an Elon fan)
But i have to admit , his purchase of twitter and the whole X rebranding have been a disaster... It took Elon's time, money and energy away from Tesla & Spacex , where he is making real positive change for the world
Not to mention that he has turned many people off that used to support him
He didn’t wanna buy twitter in the first place which is even funnier. Bro was forced to buy it cause he promised he’d buy it after delaying to buy twitter for months.
He wrote down the agreement to buy it.
Wow only 10% loss of daily users when Elon did a massive overhaul of expenditures saving them multi millions and making them some what profitable that sounds very impressive.
The Decline in Ads is also a global issue and not an X specific one. aint nobody has money to spend on ads.
We all know he is pumping the number with bots, like the hypocrit he is.
@@cyruslupercal9493wasn't it found out that his account had massive amount of bots following him?
because threads is so active
Elon Musk is more a businessman rather than a scientist
Technologically, X is better than Twitter.
Elon Musk often use this over-promising tactic, just look at Telsa with its self-driving capabilities
Compared to the trainwreck everyone was yelling about it's not that bad. Stock value doesn't mean a whole lot, especially with tech.
I think it's got staying power, but calling it X was really f*cking dumb
Its well run and works when compared to its biggest competition Facebook... the Zuck spend a couple of Billions on a shitty VRchat clone and a stillbirth of a twitterclone.
I do not go on there anymore/ It is a cesspit.
If he bought it for a tenth of that price he would not be in such big trouble.
Twitter is now forced to repay the money! Sure the courts ruled in favour of musk for fudging the figures
@@RicksPhatPharm-vw2lb so Twitter is forced to repay money to itself?
I’m gutted
The genius of burning money
Americans already have WeChat. They're called Google and Apple.
What do you mean? Google and Apple are companies while WeChat is an application by Tencent.
Do you mean Android and iOS? In which case it's still not the same as they are OSes on which apps (like WeChat) are running.
@@bobrong9645 Yes I meant Android and iOS. I understand what you mean and it's a good point, but I don't see a meaningful difference between having an all-in-one app like WeChat and Google/Apple's app ecosystem.
68 million a day. Thats how much "value" twitter has lost in a year.
When describing the elongated muskrat's position on 'free speech' it's important to note that he has very specific ideas about which speech ought to be free. This is a nice say of saying that he does not actually have standards or principles, just gets mad when the people he agrees with (mostly conspiracy loons) are not amplified sufficiently for his tastes.
4:45 "Musk has done an impressive job..." lol he fired 80% of staff; that is not a brilliant and innovative move, that is the level of creativity seen in 14 year olds who just discovered Ayn Rand.
"Musk's strong position on free speech"... ummm, is that accurate?
"Musk's confused policies he claims has something to do with free speech"
More accurate.
He bans anyone critical of him and his competitors, he is also faster to comply to a dictatorship’s request to censor than Twitter before him. The “free speech” BS only serves the Nazis and far-right shitposters he welcomed back.
With Linda calling all the shots, all is fine.
I recently deleted the app from my phone because I realized that I was now consistently getting angry. It used to be that you could find interesting discussions of political and cultural topics, but now it felt like you had to dig through 50 toxic blue-check comments which were designed to be controversial, before finding any worthwhile opinions.