Hearing that the X rebrand is a 25-year-old dream of Musk's makes so much sense now. There's simply no way that anyone with a sense for marketing thought it would be a good idea to rebrand Twitter. I can't imagine even his executives would have been happy to hear that decision.
Rebranding only makes sense when your brand is unknown. Its hugely expensive, and you always lose customers. For example, Nissan never recovered from the rebrand from Datsun.
You know when you have too much power (and you've abused it) when all the people around you can only say "Yes". Mao Tse Tung killed millions of his own people by having them kill birds in their agricultural fields. With Musk, it's only a business thank goodness.
Even "Twitter X" would have made a hell of a lot more sense than just "X." Kind of like Space X, except you still keep the well known "Twitter" branding.
Exactly! It makes no sense to spend $44B on a company just to kill its well-established brand. ... If he wanted a different brand, he should have taken all that money & bought or started a different company...!!! He's a real clown...!!! (SMH!!!) 🤡
Twitter has been a huge lifeline for those of us that suffer natural disasters, I don’t get why people think it’s a “bad” platform. Controversy thrives everywhere and Twitter’s death won’t be the end of that, but it will be the end of a critical resource for times of crisis.
Disney and Fox, Time Warner and America Online, AT&T and Warner, Yahoo and everything, the list goes on. Empire building when rates are low often goes tits up
You do know that is an old interview when he took over. He explained the finance. Twitter is a now private and no one knows in what state are its finances. They don't have to make anything public. There are no public shareholders or stock price. There are many it companies that don't make a profit. So alot of this is just guessing at best.
@@Washpenrebel except like stated in the video it's privately owned but owned with debt and all these other parties need to access the company's performance every few months by law so unless Musk fakes the company's earnings it's highly likely that when a lender marks down their initial investment by 2/3 the company logically lost at least 66.6% of their worth.
I had a Twitter account for over 10 years. I rarely tweeted anything, I mostly just read other people’s tweets. But I cancelled my account after all the Republican propaganda got out of control. It was a week of particular tweets that Ted Cruz made that made me decide to cancel my account and I have never regretted that decision.
Once or twice per generation a tech bro will get lucky on 2 or 3 massive risks, become stupidly rich, and then think they're an infallible megagenius. It's more like luck and survivorship bias. We see Zuck's luck and Musk's luck both running out around the same time, and I'm enjoying the show. 🍿
It's just like the people that win Texas Hold 'Em tournaments and big money. They think they're a genius and know all there is to know about playing luck bucket poker games.
I would argue Zucks luck is a bit on the rebound. As the focus away from VR means most of those engineers pivoted back to positions in Facebook proper.
As much as I dislike Zuck, he seems to be far more rational than Musk. He majorly screwed up the metaverse thing, but it's clear that shifting the company focus away from Facebook was smart, since it's a dying site full of old people and misinformation con artists. Twitter meanwhile just ramped up the censorship on everyone Musk didn't like and go easy on people he did. I do find it interesting how Musk's ex wife said she wanted to stay in his life(they married twice. She played Angela, the insanely beautiful host in Westworld) because he needed someone to stop his megalomaniac tendancies. Zuck seems to have a calm and reasonable personal life.
For clarity musk didn’t have to lay off 80% of the staff. He’s following “The Worst CEO” model made famous by Jack Welch. Jack would do this to every company he touched making investors NOT employees his priority. Before this business model, employers used the kind of business practices that was workplace focused sustaining employees and their families for life. Many many American families were made middle class this way. People built & bought homes had life insurance & put their children through college. Welch also lobbied to do stock buybacks which had been previously made illegal. All in the name of shareholders not customers or employees. This business model destroys companies, people lives and blurs the lines between governments & the corporations who own them.
Please cite your evidence for your assertion. Please provide links and for literature, citations in Harvard format, because people need to understand this completely. And a post on social media doesn't really provide evidence.
@@BigHenFor The name of the RUclips video is The Worst CEO. That’s why it was in quotes. I’m out of college so you don’t deserve MLA Formatting. Or as they said in grad school “Google is your friend”
Employers didn't provide good work environments because of any ethical standards. Unionization pushed them in that direction. Now that they've managed to convince people that collective bargaining is somehow bad for them, we're backsliding into the gilded age of the robber barons.
Destroyed the brand, destroyed the staff, destroyed the logo, destroyed verification, destroyed volume, destroyed advertising. I get it: destruction is a necessary prerequisite for creation. What has he created? His "vision" has no manifestation beyond him saying so (lol), which means he either can't figure out how to do what he wants to do, or alternatively, there is no "vision" & he's just making things up as he goes along. That later scenario bears a closer resemblance to what we are seeing.
The brand was destroyed by Twitter who was working with state actors to censor political speech they disagreed with. Musk has saved the brand. The only people who hate Twitter are the ones who hate Musk. It’s not Twitter they have any issue with, it’s Musk they have an issue with because they were told “Musk bad”
Musk has visions about a lot of things, a people keep celebrating him as a big hero about to save the entire universe. Fully self-driving electric cars, robo-taxis which cost $25k and generate profits of $30k annually, electric trucks which are much cheaper to run than Diesel trucks and which are conveniently recharged by solar roof shindles while the trucks are being (un-) loaded, hyperloops, brain implants, sending people to Mars... List not complete. A former German chancellor once said "those who have visions should see a doctor".
advertising destroyed itself. look at youtube and all other platforms. the propaganda appartus works like this: Stocks = free capital and marketing, be woke = get good ESG, adverrise on anti-woke = get lower ESG score = lose marketing and capital.
The twitter purchase was like private equity buying out a retailer: load it with debt, cut costs as much as possible, then strip it for parts. But retailers have "parts": real estate for stores and warehouses, inventory, and well-known brands that another company will want to buy. Twitter doesn't have anything but an advertising platform.
Yeah, consider that he has essentially let Nazis to takeover his company, it’s no wonder why there’re so much hate speech flying everywhere, and everyone bails on Musky Boy (myself included).
Some free speech have negative consequences. Freedom of speech doesn't protect you from consequences of your speech. Elon is now realizing that with Twitter.
it's the disease of an aging man to fail to realize he's increasingly out of touch with reality. You need to be able to change gears or you will run off a cliff.
I say good riddance. The cesspool of Twitter/X may have granted some people opportunities, but it's main contribution always has been mental health problems and scams. I sure won't miss the site once it's finally gone.
Let's sack 80% of the staff, allow hate speech and remove all the bran identity that is pretty much of the company value while cutting off revenues by driving away users and advertisers, X marks your loss Elon!
"Thankfully for RUclips, the vast majority of videos on the platform are not controversial." That comment, and the potentially catastrophic real-world implications of something you paint as a POSITIVE, is why this video deserves a thumbs down.
Ads are cancer. I have zero respect to advertisers, as the ads are nowadays used not to promote anything but to keep users hostage- pay u or you will keep seeing our annoying and useless ads. It's mind boggling that something this usesless is causing financial problems to any company.
Elmo is the most overrated cult leader in a while. He peaked in 2021 which his fans haven't realized until now. Cult of personality didn't guarantee long lasting success, as always. And Elmo's support for Nazis in the face of the Hamas Terror attacks on Israel doesn't bode well for Twitter, since more international companies have decided to withdraw from the platform since this video was released.
I’ll never understand how in 2012 advertisers would put their advertisements on anything and now they won’t because they’re afraid of it being on bad stuff. But the people who are there watching that stuff already like it so they’re not worried about anything. The only people who could negatively associate an ad with a video is someone who’s watching a video they don’t want to watch.
Simple, because of the religious level of ESG fearmongering, brainwashing and moral panic. In 2012 BlackRock, Vanguard, Fidelity, State Street and Capital Group did not yet have the ESG stranglehold on shareholder democracy. Also, back then the average shareholder IQ was way higher. The real rulers of the world had not yet unloaded most their stocks to total idiots to buy property and precious metals instead, the things that always survive massive global deleveraging.
"I am Jack's complete lack of surprise" The fact that anyone still listens to that guy baffles me to no end! I constantly ha e to make sure that none of investment funds are in any way connected to him or companies/financial institutions that invest into his....."companies". Tesla is trading at 10x revenues if not more right now! That is insane. One "positive" thing I could say about him is that he found an interesting way to stretch out the life of a ponsi scheme. I just cant believe that he is still at it and getting money. He is beyond what one would typically call a failure, although these are the same people that assumed that housing prices would continue to keep going up hundreds of percentage points a year leading to the crisis in 2008....and the people that have been instrumental in every crisis since then, blinded by greed and addicted to gambling by a different name.
@samuelglover7685 oh boy do we!! As long as people measure a person's overall value by how much money/"power" they have obtained (no matter how), people like him will be role models instead of the living obscenities which they actually are. Any cash the guy has is from loans taken out against stock that is trading 10 times+ revenues or wrapped up in twitter. Currently a little more than half of his Tesla holdings are collateral against loans in his name. A 50% drop(still overvalued by 5+ times revenues) will make him in debt beyond his ability to pay back even if he sells even ALL of the stock....he said he would never sell before and after each time he did.
I'm not sure about them not touching marijuana ads before. Ever since weed was legalized in Canada, there have been TONS of weed ads on twitter. In fact, there's no other platform that had more of them in my experience. And this was way before Musk took over. Maybe they had a different stance in the US
@@BB-km5nv Twitter profits never jumped up, Elon only added more debt which is a net negative. Layoffs happen at other companies all the time without having a bunch of lawsuits come out of it.
Firing the employees was the only good decision he has made so far. The site functions identifically with less than half the staff, that's pretty telling.
@@mrb152 See the keyword reckless. My point was that he publicly offered more severance pay (increased debt-owed) AND broke contracts/laws which increased liabilities (lawyers/settlements cost money which increases debt). How was the way Elon fired people like a bull in a china shop a good decision?
I wouldn’t trust anything that Elon Musk says, especially if he isn’t obligated to tell the truth. The situation is probably worse than what he is letting on
Musk’s twitter is like a doomed arctic expedition that chose to eat the sleigh dogs in order to preserve the rations for later in the journey ..cannibalism ensued
What would I have done? Start out by not being Elon Musk with a puerile understanding of the First Amendment. This was a classic leveraged buyout, but with brick and mortar companies, the endgame was to strip the indebted company of its assets and liquidate (Bain Capital). You can't saddle a company with debt and then fix what you broke.
My advice would be to pick a lane and stay in it, if he wanted to reinstate Donald Trump and appeal to MAGA republicans then he should just go hard that direction
exactly. all i can think about is META and how thats going and how their leadership talks about it vs how twitter is going and how elon talks about it.
lolz. He does the exact opposite, you are delusional. In this very video he said he's optimistic they will break even the same or next quarter, and then next quarter they lost 50% of ad revenue lolz.
I sometimes wonder how much richer Musk would be if he had not invested that 60% of 44Billion in Twitter. Mind you the guys is now suffering from depression. This just goes to show just how ture that old saying, "money does not buy happiness" is. Having enough money to feed yourself and somewhere to sleep at night seems to work for most people, but too much money just seems to mess up some peoples thinking. Musk and Mark Zuckerberg being 2 examples I can think of right now.
Watching this dumpster fire has been very entertaining. I wonder how much longer it is going to burn and am excited to see what happens to it after that!
Literally why would he think that anyone would want their banking services to be handled by twitter and Elon of all people and places. He clearly wasn’t paying attention to when Facebook called themselves trying to do it. If y’all think the banking space is messed up now, let these guys in and you will really see that scale tip for the worst.
Do not trust your banking information to anyone who decides not pay their rent... just because they don't want to. Feel like that shouldn't need to be said, but you never know.
That's simply not true even pre Musk the content moderation team ignored child exploitation videos and other distasteful content. They were fully politicised. Their masters being BlackRock and the ESG!
And now the end is here And so I face that final curtain My friend I'll make it clear I'll state my case, of which I'm certain I've lived a life that's full I traveled each and every highway And more, much more I did it, I did it my way Regrets, I've had a few But then again too few to mention I did what I had to do I saw it through without exemption I planned each charted course Each careful step along the byway And more, much, much more I did it, I did it my way Yes, there were times I'm sure you knew When I bit off more than I could chew But through it all, when there was doubt I ate it up and spit it out I faced it all and I stood tall and did it my way For what is a man, what has he got? If not himself then he has naught Not to say the things that he truly feels And not the words of someone who kneels Let the record shows I took all the blows and did it my way
I am glad he is making public knowledge what I have known since 2018: there is a reason why the only time he worked at a company he didn’t control he got fired in the first 6 months
The Paypal part of the story is a bit wrong, though. X merged with Confinity. At that time, Paypal wasn't a company, it was the software developed at Confinity. Some time after the merge, they ended up ditching the X name, because no one liked it, and they also kicked out Musk. He didn't leave, he was kicked out. Only about a year later was Confinity rebranded to Paypal, and Musk was lucky to still own a share of it.
@@SangreFriasBack He was booted for making, or trying to make, god awful decisions such as renaming Paypal X-Paypal and then eventually just X along with trying to turbofuck the backend systems by changing platforms for effectively no reason
Correct. Musk got rich because competent people were very successful and he owned a portion of that. PayPal would not exist today if Musk was still CEO.
Ive seen this happen to another company that I was in and was bought out by another company. Within a year, anyone who can generate business (like me) was gone, the name of the company was changed, therefore eliminating the brand value and within 2 years it was bankrupt and closed down. He overpaid for Twitter because his ego got in the way, and even when given a way out, ie forgo the billion dollars deposit, he doubled down. Every casino's we dream is Elon!
not paying basic bills like rent or servers, reneging on termination agreements, not adequately staffed, and still deeply under water...yep, Musk is truly a genius businessman.
@ebzs1429 personally I'd be way happier with my search results than with Musks. And seriously, you fanboys really need to learn make better arguments "well what have you done"...that's schoolyard level stuff...
he's that disturbed kid whose parents are always away on vacation, or leaving him with a sitter, or a nanny, so he never understands that there is some attention that is bad. any attention is like sweet sweet honey, because of his childhood trauma
He has a god complex.... He likes to see things happen physically after he speaks (or tweets). All of that crypto BS is a perfect example. He's not the only one.
Twitter is over, and the change of logo and name is the formalization of that. What we have witnessed is not the evolution of a popular app but its end, and certainly as a result of a string of bad decisions. It would've been better if X was an app hub with Twitter among others that could be integrated, e.g. Twitter Chat, Twitter Pay, etc. Anyway, X is a monument to Musk's ego, a typical case of overconfidence in business, and proof that he screws up too, which in his style of doing things, he did it big time.
Yeah this shouldn't have been hard. "Facebook, by Meta", "Google, by Alphabet", "Twitter, by X". Every big company knows you don't throw your valuable name recognition away, even if you change your company name. Except Elon, who has been set his entire life to prove everyone else is wrong when they tell him "X is a stupid name".
Not even a joke. Now that they've rebranded as X, they may as well embrace being a platform for NSFW content considering how their userbase has shifted in that direction for years anyway.
how about it? have you xeet today? i was too busy doing this xeet longer. and of course the classic, cant wait to see influencers xeeting their excuse next time they screw up...
...and then you start pulling out random parts, change it from an automatic transmission into a manual, grind the gears with every shift, and blow the engine out by revving too hard
Don’t forget you negotiate a great deal with the salesperson. “$130 grand?! No way! I won’t pay a penny less than HALF A MILLION! I won’t take no for an answer! Unless I say no, then get forced to pay! On ketamine!”
Unless you devalued the vehicle by racking up the mileage or power sliding it into a another object, at least it will hold a sizable percentage of its value. After Musk as finished driving Twitter(X) into the ground, I'd safely assume that there won't that much of a value left.
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Hearing that the X rebrand is a 25-year-old dream of Musk's makes so much sense now. There's simply no way that anyone with a sense for marketing thought it would be a good idea to rebrand Twitter. I can't imagine even his executives would have been happy to hear that decision.
Rebranding only makes sense when your brand is unknown. Its hugely expensive, and you always lose customers. For example, Nissan never recovered from the rebrand from Datsun.
You know when you have too much power (and you've abused it) when all the people around you can only say "Yes". Mao Tse Tung killed millions of his own people by having them kill birds in their agricultural fields. With Musk, it's only a business thank goodness.
Especially since Musk clearly did zero research on active trademarks... 🙄
Even "Twitter X" would have made a hell of a lot more sense than just "X." Kind of like Space X, except you still keep the well known "Twitter" branding.
Exactly! It makes no sense to spend $44B on a company just to kill its well-established brand.
... If he wanted a different brand, he should have taken all that money & bought or started a different company...!!!
He's a real clown...!!! (SMH!!!) 🤡
Elon musk's greatest contribution to society wasnt Space X, nor Tesla. It was destroying twitter for good.
Wish he could have done TikTok too.
Twitter has been a huge lifeline for those of us that suffer natural disasters, I don’t get why people think it’s a “bad” platform. Controversy thrives everywhere and Twitter’s death won’t be the end of that, but it will be the end of a critical resource for times of crisis.
@@darkinetixNah, Twitter clearly took sides as a publicity held company. Twitter was and is shit.
I hope your natural disaster doesn't require more than 280 characters!
I’m sure he is thrilled to fuck up so bad!!
Hard to think of a worse acquisition and execution in corporate history.
I mean who wants to spend money on a crappy free social media.
channel got one thing wrong the title it's supposed to be x is about to be bankrupt
Disney and Fox, Time Warner and America Online, AT&T and Warner, Yahoo and everything, the list goes on. Empire building when rates are low often goes tits up
@@MultiMates7 a billionaire with an inflated ego, that's who.
@ajdz1840 What about them? How was Disney and Fox, bad or AT&T and Warner etc?
Musk did not leave PayPal, he was kicked out.
big surprise
He was kicked out before it became PayPal mainly due to being a clueless idiot
Before it even became PayPal.
And you personally observed this? Mmmm you must be a human FLY. a pest.
@@lnsflare1he was kicked out but still held his shares he sold them after the rebrand
No matter how brilliant one thinks they are, there is only so much emotional YOLO one can get away with. Musk has been pushing his luck really hard.
Facts
You do know that is an old interview when he took over. He explained the finance. Twitter is a now private and no one knows in what state are its finances. They don't have to make anything public. There are no public shareholders or stock price. There are many it companies that don't make a profit. So alot of this is just guessing at best.
I'm pretty sure Musk has been pushing his luck his entire life dude.
This comment is valid
@@Washpenrebel except like stated in the video it's privately owned but owned with debt and all these other parties need to access the company's performance every few months by law so unless Musk fakes the company's earnings it's highly likely that when a lender marks down their initial investment by 2/3 the company logically lost at least 66.6% of their worth.
Who else here doesn’t even have twitter but enjoys this videos? 😂
shoulda changed the name to Twatter.
Never had it, never really looked at anything on that site and never will make an account.
Had it and never like like it. Once Elon bought it I just deleted it because I wasn’t using it anyways and I don’t like the disinformation.
I never had Twitter or Facebook for that matter. No TikTok, Instagram none beyond RUclips.
I had a Twitter account for over 10 years. I rarely tweeted anything, I mostly just read other people’s tweets. But I cancelled my account after all the Republican propaganda got out of control. It was a week of particular tweets that Ted Cruz made that made me decide to cancel my account and I have never regretted that decision.
Once or twice per generation a tech bro will get lucky on 2 or 3 massive risks, become stupidly rich, and then think they're an infallible megagenius. It's more like luck and survivorship bias. We see Zuck's luck and Musk's luck both running out around the same time, and I'm enjoying the show. 🍿
What goes up must come down
It's just like the people that win Texas Hold 'Em tournaments and big money. They think they're a genius and know all there is to know about playing luck bucket poker games.
I think zuck is a bit more level headed than musk still
I would argue Zucks luck is a bit on the rebound. As the focus away from VR means most of those engineers pivoted back to positions in Facebook proper.
As much as I dislike Zuck, he seems to be far more rational than Musk. He majorly screwed up the metaverse thing, but it's clear that shifting the company focus away from Facebook was smart, since it's a dying site full of old people and misinformation con artists. Twitter meanwhile just ramped up the censorship on everyone Musk didn't like and go easy on people he did.
I do find it interesting how Musk's ex wife said she wanted to stay in his life(they married twice. She played Angela, the insanely beautiful host in Westworld) because he needed someone to stop his megalomaniac tendancies. Zuck seems to have a calm and reasonable personal life.
Twitters MAIN asset that is has is brand recognition. Getting rid of that is insane to me.
For clarity musk didn’t have to lay off 80% of the staff. He’s following “The Worst CEO” model made famous by Jack Welch. Jack would do this to every company he touched making investors NOT employees his priority. Before this business model, employers used the kind of business practices that was workplace focused sustaining employees and their families for life. Many many American families were made middle class this way. People built & bought homes had life insurance & put their children through college. Welch also lobbied to do stock buybacks which had been previously made illegal. All in the name of shareholders not customers or employees. This business model destroys companies, people lives and blurs the lines between governments & the corporations who own them.
Please cite your evidence for your assertion. Please provide links and for literature, citations in Harvard format, because people need to understand this completely. And a post on social media doesn't really provide evidence.
@@BigHenFor google is your friend man. Its pretty simple. Welch destroyed the social contract and the middle class.
@@BigHenFor The name of the RUclips video is The Worst CEO. That’s why it was in quotes. I’m out of college so you don’t deserve MLA Formatting. Or as they said in grad school “Google is your friend”
Employers didn't provide good work environments because of any ethical standards. Unionization pushed them in that direction. Now that they've managed to convince people that collective bargaining is somehow bad for them, we're backsliding into the gilded age of the robber barons.
@@BigHenFor Still in school with that MLM are we? Don’t worry, no one uses that shit in the real world 🤣
Destroyed the brand, destroyed the staff, destroyed the logo, destroyed verification, destroyed volume, destroyed advertising. I get it: destruction is a necessary prerequisite for creation. What has he created? His "vision" has no manifestation beyond him saying so (lol), which means he either can't figure out how to do what he wants to do, or alternatively, there is no "vision" & he's just making things up as he goes along. That later scenario bears a closer resemblance to what we are seeing.
The brand was destroyed by Twitter who was working with state actors to censor political speech they disagreed with. Musk has saved the brand. The only people who hate Twitter are the ones who hate Musk. It’s not Twitter they have any issue with, it’s Musk they have an issue with because they were told “Musk bad”
Musk has visions about a lot of things, a people keep celebrating him as a big hero about to save the entire universe. Fully self-driving electric cars, robo-taxis which cost $25k and generate profits of $30k annually, electric trucks which are much cheaper to run than Diesel trucks and which are conveniently recharged by solar roof shindles while the trucks are being (un-) loaded, hyperloops, brain implants, sending people to Mars... List not complete.
A former German chancellor once said "those who have visions should see a doctor".
more importantly destroyed himself too
advertising destroyed itself. look at youtube and all other platforms. the propaganda appartus works like this: Stocks = free capital and marketing, be woke = get good ESG, adverrise on anti-woke = get lower ESG score = lose marketing and capital.
@@Mandy-Lanebetter than ever. Nice try though.
The twitter purchase was like private equity buying out a retailer:
load it with debt, cut costs as much as possible, then strip it for parts.
But retailers have "parts": real estate for stores and warehouses, inventory, and well-known brands that another company will want to buy. Twitter doesn't have anything but an advertising platform.
and now that he's ditching the brand for "X" they won't even have any brand equity left. 😆
This comment aged like milk.
"Free speech advocacy," is an... interesting way to describe Musk's motivations.
Yeah, consider that he has essentially let Nazis to takeover his company, it’s no wonder why there’re so much hate speech flying everywhere, and everyone bails on Musky Boy (myself included).
A dishonest way maybe
He's definitely pro free speech...As long as he agrees with it
Some free speech have negative consequences. Freedom of speech doesn't protect you from consequences of your speech. Elon is now realizing that with Twitter.
The free speech absolutist thinks cis is a slur
Lesson: Don't get addicted to Twitter when you are the world's richest man.
it's the disease of an aging man to fail to realize he's increasingly out of touch with reality. You need to be able to change gears or you will run off a cliff.
Or at all
Not sure how rich he actually is vs how much leveraged debt he has
He's actually not the worlds richest man, his value is in assets, and those are near worthless these days.
Nor ketamine
👏🏼 👏🏼 👏🏼 Great job Elon. Now, every time I get a notification from Twitter, it looks like I just got a message from an escort service or worse.
Nope, Lonnie boy is the only one getting fucked right now lmao
Musk didn't get rid of the political censorship. He's very much for censorship, censorship that's in his favor, and we've witnessed him doing it.
Hopefully Elon learned his lesson to shut his mouth and be humble
Not a chance 😂
😂😂😂
I say good riddance. The cesspool of Twitter/X may have granted some people opportunities, but it's main contribution always has been mental health problems and scams.
I sure won't miss the site once it's finally gone.
Disney using Adjacent Advertising to steer away from Tweets w profanity made me chuckle.
Let's sack 80% of the staff, allow hate speech and remove all the bran identity that is pretty much of the company value while cutting off revenues by driving away users and advertisers, X marks your loss Elon!
No company anywhere keeps a spare 10 % staff on. Every company runs on the bare minimum staff it can. That's the heart of capitalism.
And this is the guy who's supposed to colonize Mars for us 😂😂😂😂😂
imagine being a company who lives of advertising and them try limiting how much post users can see( and for consequence advertisement)
Is it bankrupt yet? This video is almost a year old
Exactly. He let his derangement get the best of him. Must spend too much time around women.
This aged well. lol
"Thankfully for RUclips, the vast majority of videos on the platform are not controversial."
That comment, and the potentially catastrophic real-world implications of something you paint as a POSITIVE, is why this video deserves a thumbs down.
Ads are cancer. I have zero respect to advertisers, as the ads are nowadays used not to promote anything but to keep users hostage- pay u or you will keep seeing our annoying and useless ads. It's mind boggling that something this usesless is causing financial problems to any company.
I can’t believe Fidelity invested in this mess. I need to rethink where my retirement account is kept
that's what the X is? 😂 that's hilarious. like facebook going to Meta. do they think "cool" names will change everything?
Unfortunately yes
Elmo is the most overrated cult leader in a while. He peaked in 2021 which his fans haven't realized until now. Cult of personality didn't guarantee long lasting success, as always.
And Elmo's support for Nazis in the face of the Hamas Terror attacks on Israel doesn't bode well for Twitter, since more international companies have decided to withdraw from the platform since this video was released.
If I were the owner of twitter, I'd sell it to musk
It wasn't sink, he carried in. It was a toilet, where he then started flushing twitter down it.
6:23 “…he couldn’t even think of one that wasn’t coming back”
😂😂😂
I’ll never understand how in 2012 advertisers would put their advertisements on anything and now they won’t because they’re afraid of it being on bad stuff.
But the people who are there watching that stuff already like it so they’re not worried about anything.
The only people who could negatively associate an ad with a video is someone who’s watching a video they don’t want to watch.
Simple, because of the religious level of ESG fearmongering, brainwashing and moral panic. In 2012 BlackRock, Vanguard, Fidelity, State Street and Capital Group did not yet have the ESG stranglehold on shareholder democracy. Also, back then the average shareholder IQ was way higher. The real rulers of the world had not yet unloaded most their stocks to total idiots to buy property and precious metals instead, the things that always survive massive global deleveraging.
"I am Jack's complete lack of surprise"
The fact that anyone still listens to that guy baffles me to no end! I constantly ha e to make sure that none of investment funds are in any way connected to him or companies/financial institutions that invest into his....."companies". Tesla is trading at 10x revenues if not more right now! That is insane. One "positive" thing I could say about him is that he found an interesting way to stretch out the life of a ponsi scheme. I just cant believe that he is still at it and getting money. He is beyond what one would typically call a failure, although these are the same people that assumed that housing prices would continue to keep going up hundreds of percentage points a year leading to the crisis in 2008....and the people that have been instrumental in every crisis since then, blinded by greed and addicted to gambling by a different name.
He's a testament to the sad reality that we live in the Age of Bull$hit.
@samuelglover7685 oh boy do we!! As long as people measure a person's overall value by how much money/"power" they have obtained (no matter how), people like him will be role models instead of the living obscenities which they actually are. Any cash the guy has is from loans taken out against stock that is trading 10 times+ revenues or wrapped up in twitter. Currently a little more than half of his Tesla holdings are collateral against loans in his name. A 50% drop(still overvalued by 5+ times revenues) will make him in debt beyond his ability to pay back even if he sells even ALL of the stock....he said he would never sell before and after each time he did.
I'm not sure about them not touching marijuana ads before.
Ever since weed was legalized in Canada, there have been TONS of weed ads on twitter. In fact, there's no other platform that had more of them in my experience. And this was way before Musk took over.
Maybe they had a different stance in the US
Elon fired staff in such a reckless way, he just added more debt and liabilities without any added value to show for it.
Let's say he doesn't fired them/ why the profits will jump up
@@BB-km5nv Twitter profits never jumped up, Elon only added more debt which is a net negative. Layoffs happen at other companies all the time without having a bunch of lawsuits come out of it.
Firing the employees was the only good decision he has made so far. The site functions identifically with less than half the staff, that's pretty telling.
@@mrb152 See the keyword reckless. My point was that he publicly offered more severance pay (increased debt-owed) AND broke contracts/laws which increased liabilities (lawyers/settlements cost money which increases debt). How was the way Elon fired people like a bull in a china shop a good decision?
@mrb152 Why do you not understand his point? He said if he doesn't cut jobs, the profits will jump up
I think those true-crime channels would have a field day analyzing Musk's body language in the interview at 5:00
I wouldn’t trust anything that Elon Musk says, especially if he isn’t obligated to tell the truth. The situation is probably worse than what he is letting on
This is quite interesting case to be studied. For now it's a case on 'How to destroy a business', but let's see how is it going to play out.
Hate speech moderation is indeed legitimate. Jesus.
On my Android the X-logo makes me think I've got a missed call. So annoying, I am thinking about uninstalling it.
He bought the userbase. $ 220 per user, ouch!
Musk never struck me as a socialite. Find Twitter a social butterfly, Elon Musk! 😁
(And the name change to "X" was an inexplicable move)
Musk’s twitter is like a doomed arctic expedition that chose to eat the sleigh dogs in order to preserve the rations for later in the journey ..cannibalism ensued
Social media influencers and gamers really don't strike me as the kinds of people you want to take advice from. But whatevs.
12% interest rate on $13 Billion hahahahahaha.
What would I have done? Start out by not being Elon Musk with a puerile understanding of the First Amendment. This was a classic leveraged buyout, but with brick and mortar companies, the endgame was to strip the indebted company of its assets and liquidate (Bain Capital). You can't saddle a company with debt and then fix what you broke.
Current debloated Twitter is worth no more than $4 billion.......so Elno Kums pissed away $40 billion sweet simoleons.
“Roughly break even” .. Aka: Still losing money
That Apple credit card worked out really well...
Raise your hand if you want to go to mars in this guys spaceship.
My advice would be to pick a lane and stay in it, if he wanted to reinstate Donald Trump and appeal to MAGA republicans then he should just go hard that direction
I gotta say i think he keeps it kinda real. He always says the bad info u dont wanna hear most ceos will bullshit the revenue in a interview
exactly. all i can think about is META and how thats going and how their leadership talks about it vs how twitter is going and how elon talks about it.
lolz. He does the exact opposite, you are delusional. In this very video he said he's optimistic they will break even the same or next quarter, and then next quarter they lost 50% of ad revenue lolz.
Right. Tell us about "Full Self Driving", wiz kid.
He should have changed the logo to a brown object one often sees being flushed down the toilet.
I sometimes wonder how much richer Musk would be if he had not invested that 60% of 44Billion in Twitter.
Mind you the guys is now suffering from depression. This just goes to show just how ture that old saying, "money does not buy happiness" is.
Having enough money to feed yourself and somewhere to sleep at night seems to work for most people, but too much money just seems to mess up some peoples thinking. Musk and Mark Zuckerberg being 2 examples I can think of right now.
Ngl feels like musk apoligsm here. Like he was trying to do it for free speech smh.
I only clicked on this video because the Twitter logo upside down looks like Sonic the Hedgehog 🤷♂️
Getting rid of the ”political censorship” only got him nazis using profanity. Musk loves nazis. That’s a bad business idea.
Elon Musk has got to be the greatest failson in the country and I'm here for it.
Shoulda just turned the bird upside down and called the platform “Sanic”
Twitter is it’s names. Make it so!
Watching this dumpster fire has been very entertaining. I wonder how much longer it is going to burn and am excited to see what happens to it after that!
Literally why would he think that anyone would want their banking services to be handled by twitter and Elon of all people and places. He clearly wasn’t paying attention to when Facebook called themselves trying to do it. If y’all think the banking space is messed up now, let these guys in and you will really see that scale tip for the worst.
I thought being house poor was bad. Dude is company poor.
Do not trust your banking information to anyone who decides not pay their rent... just because they don't want to.
Feel like that shouldn't need to be said, but you never know.
Lol😂 a Toilet would’ve been Hilarious instead of a sink
*$13,000,000,000.00* loan with *12% interest rate* . Holy fucking shit!!!
So, what is the demand for a "super app"? Any? I for one am not itching to have such a thing.
This video ages worse than you could ever imagine.
Good leaders listen to their advisors. Musk appears to not listen to anyone.
Good riddance.
Don’t let the door hit you on the way out and if it does, don’t tweet about it.
Hindsight being 20/20.
It's no lookin so good for Tesla investors because of guilt by association.
We live in the dumbest timeline
The Emperor is naked!
Good, Elon is about as good a running a business as he is an engineer.
Where is elon vs zuch fight ?
No one talk about it any more. I have wait long enough.
On top of everything, he goes on an interview and shares his troubles? I'm happier than him, I promise 😂
Didn't Musk have enough projects to feed his hyper ego already without the hassle of buying Twitter?
That's simply not true even pre Musk the content moderation team ignored child exploitation videos and other distasteful content. They were fully politicised. Their masters being BlackRock and the ESG!
Consider cult deprogramming therapy. Seriously.
And now the end is here
And so I face that final curtain
My friend I'll make it clear
I'll state my case, of which I'm certain
I've lived a life that's full
I traveled each and every highway
And more, much more
I did it, I did it my way
Regrets, I've had a few
But then again too few to mention
I did what I had to do
I saw it through without exemption
I planned each charted course
Each careful step along the byway
And more, much, much more
I did it, I did it my way
Yes, there were times I'm sure you knew
When I bit off more than I could chew
But through it all, when there was doubt
I ate it up and spit it out
I faced it all and I stood tall and did it my way
For what is a man, what has he got?
If not himself then he has naught
Not to say the things that he truly feels
And not the words of someone who kneels
Let the record shows I took all the blows and did it my way
It's not black x. It's white x. 😆 🤣 😂
Bruh are you trying to say user base follow advertisers? That's the dumbest thing I heard all day
Well...that didn't take long. Has it been a full year yet?
0:22 No sorry, Musk was never about free speech advocacy...
Exactly.
He's definatly still a genius though.
Watching "the richest man in the world" burn his entire fortune is just funny.
That's not a kitchen sink!
True. If Muskrat had walked in with a lavatory pan, everyone would have understood his intention to flush Twitter around the u-bend.
Never liked that stupid app.
That's a bit of a stretch. Click bait content.
Twitter was a sinking ship pre elon. Its actually starting to make a turn around
The main narrator sounds as alive as an AI lol
A little support for Musk pls, he's doing this all for his love of humanity and doesn't care about the economics.
LoL.... Funny.
I am glad he is making public knowledge what I have known since 2018: there is a reason why the only time he worked at a company he didn’t control he got fired in the first 6 months
Get a job
@@paradiddlesget a life, cybertruck…
😂
Never liked that stupid app.
The Paypal part of the story is a bit wrong, though. X merged with Confinity. At that time, Paypal wasn't a company, it was the software developed at Confinity. Some time after the merge, they ended up ditching the X name, because no one liked it, and they also kicked out Musk. He didn't leave, he was kicked out. Only about a year later was Confinity rebranded to Paypal, and Musk was lucky to still own a share of it.
Didn’t he get booted for scheming to try and take over the company?
The article is completely rubbish
@@SangreFriasBack
He was booted for making, or trying to make, god awful decisions such as renaming Paypal X-Paypal and then eventually just X along with trying to turbofuck the backend systems by changing platforms for effectively no reason
@@jloiben12 When you own a domain name that you think is really cool, but don't know what to do with it.
Correct. Musk got rich because competent people were very successful and he owned a portion of that. PayPal would not exist today if Musk was still CEO.
Only a self-proclaimed genius can buy a company and shred $30 billion of its value that fast.
Truly a master of the weapons of financial destruction.
Mate that's nothing to what he lost on tesla last year
Ive seen this happen to another company that I was in and was bought out by another company. Within a year, anyone who can generate business (like me) was gone, the name of the company was changed, therefore eliminating the brand value and within 2 years it was bankrupt and closed down. He overpaid for Twitter because his ego got in the way, and even when given a way out, ie forgo the billion dollars deposit, he doubled down. Every casino's we dream is Elon!
Sounds Trump-like. 🤣
dont forget he paid over asking price. lol
Watching Elon crash and watching his fanboys still defend him is so hilarious
I am looking forward see them sitting in the leased teslas with dead batteries when the tesla servers are shut off and teslas become stationary lolz.
I love LEFT Soy Boys cry for old Twitter
@@NalgasCQIt must suck to exist as you 😂
"Masterful gambit sir"
They are cult and he is their god
not paying basic bills like rent or servers, reneging on termination agreements, not adequately staffed, and still deeply under water...yep, Musk is truly a genius businessman.
Google "richest man in the world" then Google your own name 🤔
@@ebzs1429 And yet the guy can pay his bills most likely. Musk doesn't.
@ebzs1429 personally I'd be way happier with my search results than with Musks. And seriously, you fanboys really need to learn make better arguments "well what have you done"...that's schoolyard level stuff...
@@ebzs1429 so you worship a person becuz he/she is wealthy? Truly debasing yourself. Have some standards.
@@ebzs1429jesus you are spineless
One thing that changing name does for Musk, is to keep him in the headlines. I think that’s what he craves most - the media coverage.
he's that disturbed kid whose parents are always away on vacation, or leaving him with a sitter, or a nanny, so he never understands that there is some attention that is bad.
any attention is like sweet sweet honey, because of his childhood trauma
Well America is addicted to creating celebrities. Might as well admire porn stars.
Soon he'll be getting attention for being bankrupt after being the richest man in the world!
He has a god complex.... He likes to see things happen physically after he speaks (or tweets). All of that crypto BS is a perfect example.
He's not the only one.
There ought to be some Freudian explanation for all of this, I'm pretty sure
Twitter is over, and the change of logo and name is the formalization of that. What we have witnessed is not the evolution of a popular app but its end, and certainly as a result of a string of bad decisions. It would've been better if X was an app hub with Twitter among others that could be integrated, e.g. Twitter Chat, Twitter Pay, etc. Anyway, X is a monument to Musk's ego, a typical case of overconfidence in business, and proof that he screws up too, which in his style of doing things, he did it big time.
"overconfidence in business, and proof that he screws up too" he screwed up alot of time's before this buddy... SpaceX was also almost a failure
He has screwed a lot before too. Solar city, for ex.
@@1lollmaolol1 right, but as long as other people put the money, no biggie.
Yeah this shouldn't have been hard. "Facebook, by Meta", "Google, by Alphabet", "Twitter, by X". Every big company knows you don't throw your valuable name recognition away, even if you change your company name. Except Elon, who has been set his entire life to prove everyone else is wrong when they tell him "X is a stupid name".
I’m just kinda waiting for someone to pick up the twitter logo and sorta rebranded it to something similar
Not even a joke. Now that they've rebranded as X, they may as well embrace being a platform for NSFW content considering how their userbase has shifted in that direction for years anyway.
i seen a lot of nopor content on twitter...perphaps its the X logo associates to nopor websites?
how about it? have you xeet today? i was too busy doing this xeet longer. and of course the classic, cant wait to see influencers xeeting their excuse next time they screw up...
Well Elon did just personally intervene to restore the _X_ account of a right wing influencer who'd been banned for posting child 'nopor'.
Musk buying twitter is like me buying a Maserati. I can afford it and it's fun but long term my money is gone.
...and then you start pulling out random parts, change it from an automatic transmission into a manual, grind the gears with every shift, and blow the engine out by revving too hard
Don’t forget you negotiate a great deal with the salesperson. “$130 grand?! No way! I won’t pay a penny less than HALF A MILLION! I won’t take no for an answer! Unless I say no, then get forced to pay! On ketamine!”
How about making sure you’re rich enough where depreciation doesn’t matter to you and you just enjoy the car?
Unless you devalued the vehicle by racking up the mileage or power sliding it into a another object, at least it will hold a sizable percentage of its value.
After Musk as finished driving Twitter(X) into the ground, I'd safely assume that there won't that much of a value left.
It's more like if you bought a Maserati and drove it on the wrong side of the road every day until it was destroyed.