• Flying Squid@lemmy.world
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    1 year ago

    What? The super genius couldn’t turn it into a cash machine? I thought he was the smartest (and funniest) person on the planet!

    • Bonehead@kbin.social
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      1 year ago

      I think this is the saddest part, at least for him. Before Twitter, a lot of people thought he was relatively intelligent to be a part of a groundbreaking electric car company, a crazy tunnel digging company, and wild space vehicle company doing innovative things. Now since Twitter, we see an insanely rich narcissistic meglomaniac that was kept out of most Tesla big decisions as he just wanted the publicity for himself, the tunnel digging company was nothing more than a way to interfere with green projects, SpaceX did the same thing as Tesla and succeeded despite Musk’s involvement, and a once respected medium of open communication worth a reported $44 billion dollars devolve into a cess pool of bigotry and arbitrary restrictions. Whatever good will he built for himself over the years that saw him even get a cameo in a Marvel movie next to Tony Stark, he’s burned through most of it in the eyes of a lot of people.

      • soundasleep@kbin.social
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        1 year ago

        It’s great for everyone with imposter syndrome! I used to fear I was too inexperienced, inept, unprofessional… but then this happened 😅

      • rtxn@lemmy.world
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        1 year ago

        SpaceX and Tesla both grew with his continuous involvement. The managers were trained (out of necessity) to keep his “genius” in check without destroying the company or getting themselves fired. In a sense, Musk’s continuous presence gave the companies a form of immunity.

        When he infested the bird, the managers didn’t know how to protect it. It was like bringing smallpox to the new world.

  • MrJameGumb@lemmy.fmhy.ml
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    1 year ago

    You mean cozying up to human traffickers and literal Nazis and limiting people to reading a handful of tweets per day didn’t convince advertisers to invest??? Who could have imagined that?

  • MicroWave@lemmy.worldOP
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    1 year ago

    Tesla and SpaceX CEO Elon Musk, who is also CTO and executive chairman of Twitter, said early Saturday morning that cash flow remains negative at the social media company because of a nearly 50% drop in advertising revenue coupled with “heavy debt.”

  • minnow@lemmy.world
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    1 year ago

    The hundreds of thousands of dollars he’s paying his right-wing buddies to post on Twitter are going to have a great ROI any day now, he’s sure of it!

  • Stoneykins@lemmy.one
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    1 year ago

    Didn’t they just start that “ad-sharing” thing? This really emphasizes that they are just trying to bribe content creators to drive traffic to the website.

    I need some popcorn for when they panic and shut that down.

  • Vertelleus@sh.itjust.works
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    1 year ago

    I never really used Twitter, but I am enjoying dumpster fire.
    Now if the government could only get his Muskiness to pay taxes.

  • WanderingPoltergeist@kbin.social
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    1 year ago

    Screw around and find out, Elon Musk…That man’s choices lead to this outcome, and I want to see him simmer in the shit stew. Keep the great news rolling in! 😏

    • YⓄ乙 @aussie.zone
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      1 year ago

      Lol he doesnt care bro. Remember he’s a billionaire, even if he spends $20 million a day, he won’t be able to spend it all in his lifetime. 9-5 plebs like us can only wish of this one day to put this into perspective, I got a $200k loan which will take me 30 years to pay it back lol

      • whatsarefoogee@lemmy.world
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        1 year ago

        He paid 44 billion for twitter, that’s pretty big chunk of his wealth. And most of his wealth is tied to his shares in Tesla/SpaceX and he can’t liquidate them without massive negative impacts on their value.

        A lot of billionaires are rich on paper. $44 billion of liquid assets is much more than it would appear.