But that will involve more TSLA stock fire sales (as that's literally what he did the last time he needed to pay Twitter's bills, his "net worth" is mostly unrealized gains from his shares) and he will face more backlash for that from Tesla investors. His house of cards will collapse quicker the more he resorts to that as there's a limit to how long Tesla investors can stay patient with him treating them as his personal ATM.
I'm reasonably certain his goal with buying Twitter was just to be able to control the political narrative around the 2024 election for the usual wingnut purposes. Other than that I'd doubt he actually gives a shit what happens to the platform. He'll drop it like a hot potato the instant it ceases to be useful to him and/or the GOP, and his sycophants will all be right behind him gushing at what a "genius business idea" it'll have been for him to sell Twitter at a loss after running it into the ground by being a moron.
I've heard this theory before. Just bankrupt it fast, then the debt goes with the company... But the thing is, the loans are on his name. Twitter didn't ask money, and it might have it's own debt for sure, but Elon has a "small county" sized debt to pay and I don't think he can really get rid of it
Others said he would be bailed out by the government. Not sure either of the candidates would agree to that (or the citizens of US)
DeSantis's campaign has been plauged by technical issues, as Twitter Spaces cannot support the same kind of streaming traffic that Twitch / Youtube / etc. etc. can support. This means that DeSantis's big online launch party was ruined due to reliance upon Twitter.
This is closer to what I predict and expect to happen. Twitter's bones are solid, Twitter was (emphasis on WAS) one of the best run technology stacks ever back in 2020 or 2019. It will take a lot of effort before that falls apart. Any "legacy" code is likely good.
But you know what's likely to break? New features, new loadouts, and random changes that the new ignorant staff cannot manage. Its one thing to maintain a good website, its a totally different thing to make new features. (Especially when the feature is to get rid of blue checkmarks, I mean to turn old blue-checkmarks into grey checkmarks, I mean allow a $8/month payment for blue checkmarks, I mean to delete old blue-checkmarks from people who haven't moved onto the payment scheme, I mean...)
Technology is about change. Eventually, Twitter cannot change and get updated. Its already happened this year, Twitter Spaces is proof of that. All the new crap this year has fallen flat on its face.
I dunno', they're already having problems keeping tweets sync'd across servers. Several times have I seen a 404 for a tweet that someone else is staring at.
That's a basic server scaling issue. Showing up in Twitter production. I'm not so sure they've even kept the old bones intact.
Though X has still proven itself as the hub for fast-breaking news — as this weekend’s OpenAI drama proved — the nature of its business is still dependent on advertising, which makes up the majority of its revenue.
While brands generally understand the risk of running ads against user-generated content, they don’t typically find themselves in a situation quite like this, she also points out.
But they’re not accustomed to a platform’s owner amplifying misinformation and hate speech, and emboldening conspiracy theorists,” Enberg notes.
Twitter’s influence has always been larger than its user base and ad revenues, and while the platform’s cultural relevance has declined, Musk and X are still very much a major part of public conversation,” she adds.
Ahead of this, X’s ad revenues were already forecast to decline by 54.4% from 2022 to 2023 — a sizable drop for the platform that Musk has now run for roughly one year so far.
Forbes recently reported that top advertising executives have been pressuring Yaccarino to resign, suggesting her own reputation is now at risk as a result of Musk’s actions.
The original article contains 933 words, the summary contains 182 words. Saved 80%. I'm a bot and I'm open source!
This thing's probably going to become the social platform of the International Democracy Union and be supported by all the billionaire assholes of the planet.