Elon Musk: Officially a fraud and piece of shit. Official or unofficial war criminal?

[Post Oak 20,245]

Gonna pay for @aggyNIL and watch CS burn

[atomheartbevo 89,727]

7 minutes ago, Post Oak said:

Gonna pay for @aggyNIL and watch CS burn

[elfenix 34,308]

4 hours ago, NoName said:

i just saved you $8 per month:

https://medium.com/@Luca/how-to-turn-off-retweets-for-everyone-99dd835c10f8

•  

doesn't work.

[sasquatch69 603]

This is a heartbreaking read for anyone who has worked on a team you loved (and felt like your work meant something):

https://twitter.com/hashtag/LoveWhereYouWorked

[Celery Man 20,966]

3 minutes ago, sasquatch69 said:

This is a heartbreaking read for anyone who has worked on a team you loved (and felt like your work meant something):

https://twitter.com/hashtag/LoveWhereYouWorked

😂

 

[sasquatch69 603]

1 minute ago, Celery Man said:

😂

 

Garbage.

[Woodrow Call 494]

I've been in the tech sector for 37 years. This is the worst situation I've ever seen in terms of how to handle employee separation. 

[Captainant 27,680]

1 hour ago, Celery Man said:

😂

 

Lol love seeing pizzagate/qanon cast members coming back up in the twitter cinematic universe. Back to it's roots

Edited November 4, 2022 by Captainant

[Pancho 44,856]

 

[atomheartbevo 89,727]

I really wish somebody would educate him on what free speech actually means. 

[Homercles 10,206]

That seems awfully fast to execute a well-considered, thought out RIF.  
 

And good luck Elon, blaming ‘activist groups’ for a sudden drop in revenue.  Pretty sure the big money types are not moving en masse due to pressure from anyone but fear of a precipitous drop in ROI.  
 

This has been fascinating to watch unfold.  

[Homercles 10,206]

1 minute ago, atomheartbevo said:

I really wish somebody would educate him on what free speech actually means. 

Well advertisers pulling their commitments certainly seems like free speech to me

[Royalfan5 2,354]

22 minutes ago, Pancho said:

 

If you need someone else to pay for, pretty hard to claim it was free in the first place. 

Edited November 4, 2022 by Royalfan5

[Celery Man 20,966]

43 minutes ago, Pancho said:

 

Surowiecki is a journalist who wrote a financial column for The New Yorker from 2000-2017

 

[Eastwood 4,394]

It’s amazing how those who complain about free speech or free markets seldom know how either of them actually work.

[Goredho 17,408]

2 hours ago, Sawbonz said:

Elon Musk seems like a stable genius

Oligarchs gonna oligarch.

[Goredho 17,408]

1 hour ago, Woodrow Call said:

I've been in the tech sector for 37 years. This is the worst situation I've ever seen in terms of how to handle employee separation. 

Now that you mention it...  I've seen some start ups fail and people be without paychecks suddenly, but nothing like this at a company the size and success of Twitter.

[Captainant 27,680]

1 minute ago, Goredho said:

Now that you mention it...  I've seen some start ups fail and people be without paychecks suddenly, but nothing like this at a company the size and success of Twitter.

Yeah going from trading at $54.20 to laying off half the company in just a week! Pretty incredible bed shitting so far

[shakahorn 1,645]

3 hours ago, Neonmoon said:

Apparently there are laws one must follow with mass layoffs. 
 

 

Not a Musk fanboy, but if the generic letter going around on the web is true, the laid-off are still employees for 91 more days.

https://www.msn.com/en-us/money/other/read-the-blunt-twitter-email-telling-employees-that-their-jobs-are-axed/ar-AA13JZUL?ocid=entnewsntp&cvid=37f62bca7500416ab4f21bac49fb766f

[Storm the Field 5,295]

You proposed the price, genius. 

[Celery Man 20,966]

4 minutes ago, Storm the Field said:

You proposed the price, genius. 

 

[Bateshorn 9,928]

To call this a dumpster fire is an insult to dumpster fires.

[Storm the Field 5,295]

1 hour ago, Pancho said:

 

Choosing not to advertise on Twitter is censorship!

Next up: Not buying a Tesla is communism!

[SmokeyTheBear 5,562]

1 hour ago, Pancho said:

 

Not going to lie, didn't see who posted that but thought it was Trump at first. Do something! 

[hayden_horn 11,362]

well i for one appreciate the payout since i bought twitter at $15. 

but this is an incredible high speed train wreck. 

this dude is on drugs. 

[Storm the Field 5,295]

One other thought, RE: another line from Elon's talk today:

"We've done our best to appease the advertisers and nothing has worked."

You've owned the company for what, a week? 

In that time, he's basically done the following, unless I've missed something:

1. Tweet then delete a conspiracy theory about Paul Pelosi

2. Haggle with Stephen King.

3. Repost maybe a dozen or so shit-tier Reddit memes.

[Francisco 2.0 32,395]

So, a week in and he's in the bargaining/begging phase. But remember folks, he wasn't doing this for the money.

 

https://www.theverge.com/2022/11/4/23440629/please-use-twitter

 

Quote

“Please use Twitter.”

While speaking at the Baron Investment Conference just minutes before the 9AM PT deadline for roughly half of Twitter’s employees to receive their layoff notices, Elon Musk implored attendees to use the social network that he now owns. 

He also asked people to sign up for the forthcoming $8 per month Twitter Blue subscription, which he revealed will actually cost $7.99 per month. Bargain.

 

 

[sasquatch69 603]

This feels like Musk, basically forced into the deal, is trying to (clumsily) execute a McKinsey-type strategic plan or hedge fund-style flip.  Massively cut budget via extreme layoffs, develop new revenue streams to inflate value (like the check mark idiocy), make himself look good and then ultimately sell it at a profit.  So far, it's not going so well.

[NoName 16,354]

1 hour ago, Pancho said:

 

the only real thing that has changed in the last week is 1) ownership, 2) most of the executive team leaving and 3) laying off 20%+ of the company.

but sure, it's because of activist groups like.........IPG? lol

[Nice Guy Eddie 13,515]

1 hour ago, Pancho said:

 

Free speech has nothing to do with a private organization. Elon has tried to confuse the issue on what free speech means.

And even then, we all know free speech doesn't mean free of consequences. 

[Neonmoon 38,129]

7 minutes ago, sasquatch69 said:

This feels like Musk, basically forced into the deal, is trying to (clumsily) execute a McKinsey-type strategic plan or hedge fund-style flip.  Massively cut budget via extreme layoffs, develop new revenue streams to inflate value (like the check mark idiocy), make himself look good and then ultimately sell it at a profit.  So far, it's not going so well.

The hedge fund flips work better because the flippers aren’t tweeting about it 

[Wally Fairway 5,559]

I am thinking this is his next tweet

[Grade of D as in David 13,253]

12 minutes ago, Neonmoon said:

The hedge fund flips work better because the flippers aren’t tweeting about it 

He's probably flustered because his dank Twitter memes worked for Tesla and his crypto pump and dumps.

[Royalfan5 2,354]

23 minutes ago, Neonmoon said:

The hedge fund flips work better because the flippers aren’t tweeting about it 

And there is actual capital assets they can strip mine for cash. 

[wildcat09 29,355]

51 minutes ago, hayden_horn said:

well i for one appreciate the payout since i bought twitter at $15. 

but this is an incredible high speed train wreck. 

this dude is on drugs. 

He's just actually pretty stupid.

[AUS-97HORN 11,809]

4 hours ago, Neonmoon said:

Apparently there are laws one must follow with mass layoffs. 
 

 

as others have said, this doesnt mean shit, it just means you either A) give a mass layoff group 60 days notice of their jobs going away, or B) pay them as if they were still employed for 60 days *

 

*unless the company is hemorrhaging cash and would be insolvent within a few weeks if they were forced to payout the WARN funds. 

 

as others have pointed out, if twitters value plummets along with its cash reserves, it would allow Elon to have an "out"  

 

that being said, the folks doing the lawsuit are folks who got laid off before today, so because of the way the WARN act is written this group might actually have to go forward with their lawsuit to be included in the WARN class.

 

I've been WARN riffed 3 times in my life. 2 of the companies just paid my salary for exactly 60 days and then "fired" me on day 61, and the other company went BK less than a week after letting us all go. (and we got nothing other than our previous weeks pay)

[Samson's Wig 3,192]

I'm still gravely concerned about how the world is going to function after Elon destroys Twitter.  We barely made it through the MySpace debacle.

[South Austin 52,519]

2 minutes ago, Samson's Wig said:

I'm still gravely concerned

[Homercles 10,206]

So maybe the play here was continually doubling down as a monument to egotism?

1) Get pissy with Twitter CEO over both using it as his PR department (which Tesla famously doesn’t have) and spreading misinformation, including market manipulation…”rules don’t apply to me”

2) Haphazardly enter into a contract to buy, under terrible terms, the company to spite Twitter leadership…”I’ll show them who’s boss”

3) Spend months trying to throw the deal via any means possible…”it’s not my fault, I was mislead!”

4) When that failed, decide to fire half the company…”look what you made me do!”

5) Blame the ‘activists’ as established advertising revenue melts away, and leverage name recognition to turn it into THE powerhouse of disinformation-for-hire…”necessary to save Twitter from the leftist libtard boogeymen”.  

[South Austin 52,519]

1 minute ago, Homercles said:

So maybe the play here was continually doubling down as a monument to egotism?

1) Get pissy with Twitter CEO over both using it as his PR department (which Tesla famously doesn’t have) and spreading misinformation, including market manipulation…”rules don’t apply to me”

2) Haphazardly enter into a contract to buy, under terrible terms, the company to spite Twitter leadership…”I’ll show them who’s boss”

3) Spend months trying to throw the deal via any means possible…”it’s not my fault, I was mislead!”

4) When that failed, decide to fire half the company…”look what you made me do!”

5) Blame the ‘activists’ as established advertising revenue melts away, and leverage name recognition to turn it into THE powerhouse of disinformation-for-hire…”necessary to save Twitter from the leftist libtard boogeymen”.  

I'm just an armchair psychiatrist, but this is textbook narcissism.

[Homercles 10,206]

15 minutes ago, South Austin said:

I'm just an armchair psychiatrist, but this is textbook narcissism.

Clearly.  But a lot of people who get to that level have a drive to succeed and associated ego that makes 99.999% of other people blush.  Succeed at all other costs (hi Tom Brady).  
 

It’s the last step that worries me.  We don’t need more avenues, especially a huge one that’s got global reach and install base, for people to sow division, hate and lies.  Sure it may crash and burn under the weight of trolls, conspiracy purveyors, bent politicians and dick pill ads…but it could also maintain just enough veiled legitimacy to soldier on as a means to spread more lies that inspire crazies to Jan 6, Pelosi, Pizzagate, litter boxes in schools, CRT, etc.  

It wasn’t perfect, but moderation and earned bannings kept it somewhat reliable over the alternatives.  

Edited November 4, 2022 by Homercles

[Foosters 17,858]

2 hours ago, SmokeyTheBear said:

Not going to lie, didn't see who posted that but thought it was Trump at first. Do something! 

Good call

Edit: Appears to be fake

 

Edited November 4, 2022 by Foosters

[Nivek 16,945]

So maybe the play here was continually doubling down as a monument to egotism?
1) Get pissy with Twitter CEO over both using it as his PR department (which Tesla famously doesn’t have) and spreading misinformation, including market manipulation…”rules don’t apply to me”
2) Haphazardly enter into a contract to buy, under terrible terms, the company to spite Twitter leadership…”I’ll show them who’s boss”
3) Spend months trying to throw the deal via any means possible…”it’s not my fault, I was mislead!”
4) When that failed, decide to fire half the company…”look what you made me do!”
5) Blame the ‘activists’ as established advertising revenue melts away, and leverage name recognition to turn it into THE powerhouse of disinformation-for-hire…”necessary to save Twitter from the leftist libtard boogeymen”.  

I was told he was a business genius guru.

How many ceos do you know that have such an open schedule they can run a second or third company?

[Nivek 16,945]

Clearly.  But a lot of people who get to that level have a drive to succeed and associated ego that makes 99.999% of other people blush.  Succeed at all other costs (hi Tom Brady).  
 
It’s the last step that worries me.  We don’t need more avenues, especially a huge one that’s got global reach and install base, for people to sow division, hate and lies.  Sure it may crash and burn under the weight of trolls, conspiracy purveyors, bent politicians and dick pill ads…but it could also maintain just enough veiled legitimacy to soldier on as a means to spread more lies that inspire crazies to Jan 6, Pelosi, Pizzagate, litter boxes in schools, CRT, etc.  
It wasn’t perfect, but moderation and earned bannings kept it somewhat reliable over the alternatives.  

Tom Brady aged, but he didn’t change. More likely his wife thought she could change him. Tom doesn’t demand everyone go get fucked, he took a smaller contract to achieve his goal. Elon Musk cannot be parted with his share.

He is a cunt and we are living in another gilded age.

[Homercles 10,206]

1 minute ago, Nivek said:

I was told he was a business genius guru.

How many ceos do you know that have such an open schedule they can run a second or third company?

Well I pointed out before that he’s now what he hates…a remote worker, for two of his companies.  

[C-Man 27,230]

15 minutes ago, Nivek said:

I was told he was a business genius guru.

How many ceos do you know that have such an open schedule they can run a second or third company?

I haven't been able to find it on this thread or the Twitter/Musk thread in CR but somebody posted a great article that spotlighted how Elon basically amassed his fortune and it wasn't through business savvy. Mostly, it came from government subsidies after he made money from the PayPal deal, which he really didn't have anything to do with from a building standpoint. I'd love to find that article again -- if somebody knows where it is.

[Samson's Wig 3,192]

I'm coming around on the notion that Musk is the next generation's Trump.  That's a sobering thought if he ever decides to enter politics. At least he's disqualified from the White House.

[mchookem 16,336]

4 hours ago, Post Oak said:

Gonna pay for @aggyNIL and watch CS burn

[Neonmoon 38,129]

45 minutes ago, Foosters said:

Good call

 

That Donald Trump tweet is fake. 
 

but I hope this is true because it’s savage 

Edited November 4, 2022 by Neonmoon

[Foosters 17,858]

3 minutes ago, Neonmoon said:

That Donald Trump tweet is fake. 
 

but I hope this is true because it’s savage 

My bad.