Wrestleknownothing Posted December 8, 2023 Share Posted December 8, 2023 32 minutes ago, ionel said: Oldest son works for Nike, his gf works for SpaceX (both Engs), should I be upping my Christmas present ask? 100% yes 1 Drowning in data, but thirsting for knowledge Link to comment Share on other sites More sharing options...
WrestlingRasta Posted December 9, 2023 Share Posted December 9, 2023 8 hours ago, ionel said: Oldest son works for Nike, his gf works for SpaceX (both Engs), should I be upping my Christmas present ask? Upping??? Unless they acquired these jobs in the last 12 months…..why was it not already upped???? Link to comment Share on other sites More sharing options...
Wrestleknownothing Posted December 12, 2023 Share Posted December 12, 2023 I see Musk has reinstated Alex Jones and did it by hosting a live chat with Jones, Andrew Tate, and Vivek Ramaswamy. I cannot bring myself to download or use Twitter, but I also cannot look away from the slow motion car crash that is Musk's ownership of the platform. Drowning in data, but thirsting for knowledge Link to comment Share on other sites More sharing options...
Plasmodium Posted December 12, 2023 Share Posted December 12, 2023 6 minutes ago, Wrestleknownothing said: I see Musk has reinstated Alex Jones and did it by hosting a live chat with Jones, Andrew Tate, and Vivek Ramaswamy. I cannot bring myself to download or use Twitter, but I also cannot look away from the slow motion car crash that is Musk's ownership of the platform. He is all in. The customers of x are the advertisers. The product they are selling is the users. Does the addition of Alex Jones improve the product? Link to comment Share on other sites More sharing options...
VakAttack Posted December 12, 2023 Share Posted December 12, 2023 15 minutes ago, Wrestleknownothing said: I see Musk has reinstated Alex Jones and did it by hosting a live chat with Jones, Andrew Tate, and Vivek Ramaswamy. I cannot bring myself to download or use Twitter, but I also cannot look away from the slow motion car crash that is Musk's ownership of the platform. I can't even imagine what the reasoning was. He banned him before because of his use of the dead children, something like: Quote “My firstborn child died in my arms. I felt his last heartbeat,” Musk said when asked if he would reinstate Jones’s account last year. “I have no mercy for anyone who would use the deaths of children for gain, politics or fame.” Now, we found out later the first part was a lie, but apparently so was the last! 1 Link to comment Share on other sites More sharing options...
Wrestleknownothing Posted December 12, 2023 Share Posted December 12, 2023 And now we have some numbers from people "familiar with the matter". 2022 ad revenue $4.73 bn 2023 ad revenue $2.5 bn estimated -47.15% Drowning in data, but thirsting for knowledge Link to comment Share on other sites More sharing options...
VakAttack Posted December 12, 2023 Share Posted December 12, 2023 20 minutes ago, Wrestleknownothing said: And now we have some numbers from people "familiar with the matter". 2022 ad revenue $4.73 bn 2023 ad revenue $2.5 bn estimated -47.15% Wow. It's crazy that a man who was pretty good at running an EV tech company and very good at running a space tech company was not automatically good at running a social media company! Link to comment Share on other sites More sharing options...
mspart Posted December 12, 2023 Share Posted December 12, 2023 Apparently the previous folks running the place weren't doing so well either. https://www.cbsnews.com/news/elon-musk-twitter-x-one-year-after-acquisition/ ... Twitter was already struggling financially when Musk purchased it for $44 billion in a deal that closed Oct. 27, 2022, So the demise continues. mspart 1 Link to comment Share on other sites More sharing options...
headshuck Posted December 12, 2023 Share Posted December 12, 2023 Best damn tech investment in the history of mankind! 1 Link to comment Share on other sites More sharing options...
ionel Posted December 12, 2023 Share Posted December 12, 2023 2 hours ago, Wrestleknownothing said: And now we have some numbers from people "familiar with the matter". 2022 ad revenue $4.73 bn 2023 ad revenue $2.5 bn estimated -47.15% Musk must be efficient, he can run it with half the revenue. Efficiency is why SpaceX and Boring are successful. 1 Link to comment Share on other sites More sharing options...
Offthemat Posted December 13, 2023 Share Posted December 13, 2023 20 minutes ago, ionel said: Musk must be efficient, he can run it with half the revenue. Efficiency is why SpaceX and Boring are successful. Those are listed as revenues and not profits. Link to comment Share on other sites More sharing options...
jross Posted December 13, 2023 Author Share Posted December 13, 2023 This may put X in line with 2018 revenue. We know some of the costs were notably reduced but we are not privy to everything. There might be some income before taxes... Link to comment Share on other sites More sharing options...
Wrestleknownothing Posted December 13, 2023 Share Posted December 13, 2023 (edited) 9 minutes ago, jross said: This may put X in line with 2018 revenue. We know some of the costs were notably reduced but we are not privy to everything. There might be some income before taxes... Even Musk says there isn't. And what is missing from 2018? How about ~$1.5 billion in annual debt service. He may have reduced human cost, but I doubt he reduced total cost. Edited December 13, 2023 by Wrestleknownothing Drowning in data, but thirsting for knowledge Link to comment Share on other sites More sharing options...
jross Posted December 13, 2023 Author Share Posted December 13, 2023 Link to comment Share on other sites More sharing options...
headshuck Posted December 13, 2023 Share Posted December 13, 2023 X plans to be the “everything” app. I’m old enough to remember Jeff Bezos in the early days claiming you would someday buy everything on Amazon.com. Link to comment Share on other sites More sharing options...
Wrestleknownothing Posted December 13, 2023 Share Posted December 13, 2023 26 minutes ago, jross said: "Just about break even on an operating cashflow perspective" means they are just about $1.5 billion in the hole once they pay that interest. Damn interest. And this was before the latest round of advertisers got told to do the anatomically improbable. Drowning in data, but thirsting for knowledge Link to comment Share on other sites More sharing options...
Wrestleknownothing Posted December 13, 2023 Share Posted December 13, 2023 29 minutes ago, headshuck said: X plans to be the “everything” app. I’m old enough to remember Jeff Bezos in the early days claiming you would someday buy everything on Amazon.com. I remember all the entrepreneurs who thought if they made claims they were the next Steve Jobs.... Drowning in data, but thirsting for knowledge Link to comment Share on other sites More sharing options...
WrestlingRasta Posted December 13, 2023 Share Posted December 13, 2023 52 minutes ago, headshuck said: X plans to be the “everything” app. I’m old enough to remember Jeff Bezos in the early days claiming you would someday buy everything on Amazon.com. Did he give a prediction as to when that would be ? Link to comment Share on other sites More sharing options...
headshuck Posted December 13, 2023 Share Posted December 13, 2023 I remember all the entrepreneurs who thought if they made claims they were the next Steve Jobs....I’m a cup 1/2 full type of entrepreneur. This particular entrepreneur, Musk, has a little bit of experience to back it up. Link to comment Share on other sites More sharing options...
headshuck Posted December 13, 2023 Share Posted December 13, 2023 Did he give a prediction as to when that would be ?Bezos? No. But I sure regret not buying stock. Link to comment Share on other sites More sharing options...
ionel Posted December 13, 2023 Share Posted December 13, 2023 1 hour ago, Offthemat said: Those are listed as revenues and not profits. Thats what I said "revenue." 1 Link to comment Share on other sites More sharing options...
Offthemat Posted December 13, 2023 Share Posted December 13, 2023 51 minutes ago, ionel said: Thats what I said "revenue." I was just trying to emphasize it. 1 Link to comment Share on other sites More sharing options...
GreatWhiteNorth Posted December 13, 2023 Share Posted December 13, 2023 6 hours ago, headshuck said: X plans to be the “everything” app. I’m old enough to remember Jeff Bezos in the early days claiming you would someday buy everything on Amazon.com. X? Xwitter will never, ever be the "everything" app. Not an ice cube's chance in hell. The idea of Xwitter taking over online commerce is like the idea that Ford will take over all auto companies. The competition won't allow it to happen. Tech companies made boatloads of money because they initially existed in a space with no competition. As soon as competition arrived, their rocketing success was immediately tampered. Twitter had (1) "tech" feature that their competitors couldn't match. Did that make it worth $44 billion? Meh. Xwitter will have all it can do to keep ahead of the competition. Any plans of being "everything" are a pipe dream. Link to comment Share on other sites More sharing options...
WrestlingRasta Posted December 13, 2023 Share Posted December 13, 2023 8 hours ago, headshuck said: Bezos? No. But I sure regret not buying stock. Never got into the stock game. Just not my cup of tea I guess. Link to comment Share on other sites More sharing options...
headshuck Posted December 13, 2023 Share Posted December 13, 2023 X? Xwitter will never, ever be the "everything" app. Not an ice cube's chance in hell. The idea of Xwitter taking over online commerce is like the idea that Ford will take over all auto companies. The competition won't allow it to happen. Tech companies made boatloads of money because they initially existed in a space with no competition. As soon as competition arrived, their rocketing success was immediately tampered. Twitter had (1) "tech" feature that their competitors couldn't match. Did that make it worth $44 billion? Meh. Xwitter will have all it can do to keep ahead of the competition. Any plans of being "everything" are a pipe dream.Spoiler alert. You can’t buy everything on Amazon. Amazon is worth over 1.5 Trillion dollars. Let that sink in. Link to comment Share on other sites More sharing options...
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