Current Events > Twitter could face bankruptcy

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Eramir
11/10/22 8:23:52 PM
#1:


https://twitter.com/ign/status/1590849538147115008?s=46&t=nvGFlEJ8_jcFZMA7oGlZvQ

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Heartomaton
11/10/22 8:24:22 PM
#2:


Ha.

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Heartomaton for President 2028.
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NeonTentacles
11/10/22 8:24:33 PM
#3:


Elon Musk is the hero we deserve but not the one we need right now. Thank you for destroying Twitter

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Tappor
11/10/22 8:24:52 PM
#4:


NeonTentacles posted...
Elon Musk is the hero we deserve but not the one we need right now. Thank you for destroying Twitter
Wasn't his goal tho

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Ivynn
11/10/22 8:25:50 PM
#5:


Just as keikaku*

*keikaku means planned

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NeonTentacles
11/10/22 8:25:53 PM
#6:


Tappor posted...
Wasn't his goal tho
I'm just happy Twitter is going down in flames >_>

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#7
Post #7 was unavailable or deleted.
Flockaveli
11/10/22 8:27:34 PM
#8:


But guys he's a genius! One of brightest minds of today!

You kids worship this goober. LMAO.
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Rarity_BendOver
11/10/22 8:28:22 PM
#9:


I wonder why

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Halo478
11/10/22 8:28:31 PM
#10:


NeonTentacles posted...
I'm just happy Twitter is going down in flames >_>


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#11
Post #11 was unavailable or deleted.
#12
Post #12 was unavailable or deleted.
Robot2600
11/10/22 8:38:01 PM
#13:


the company was not "losing 44 million a day" like he said. if that were the case he'd only have to fire 440 exmplyees not 7000.

"thars no way this will be profitable!"

except it literally already was. only in bizzaro land could someone think twitter was "losing" money; it was probably the dip in twitter stock and so by elon's calculations, somehow, he's "losing money every day" just because the company was worth less than he paid.

which is ironic because the entire reason the stock was shitty was b/c of him xD he coulda just been like "TWITTER ROXXX" and made money by doing nothing.

instead he really, truly reveals the coked-up egomaniac inside.

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itachi15243
11/10/22 8:40:11 PM
#14:


I almost wonder if he planned this.

Like, no one who runs multiple businesses could fuck up this hard, right?

Right..?

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Vyrulisse
11/10/22 8:41:49 PM
#15:


He could be lying too playing Rich Man's Games.

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Robot2600
11/10/22 8:42:39 PM
#16:


it's like when you losing 50 bucks at the casino so you lose 50 more trying to get it back

except with elon it's 50 billions

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Slaya4
11/10/22 8:42:48 PM
#17:


Can't wait til the metaverse sinks meta as well. All of these platforms have our stayed their welcome.

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kirbymuncher
11/10/22 8:44:37 PM
#18:


Robot2600 posted...
except it literally already was. only in bizzaro land could someone think twitter was "losing" money;
https://www.statista.com/statistics/274563/annual-net-income-of-twitter/

twitter is mostly not profitable

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THIS IS WHAT I HATE A BOUT EVREY WEBSITE!! THERES SO MUCH PEOPLE READING AND POSTING STUIPED STUFF
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NeonTentacles
11/10/22 8:45:00 PM
#19:


Slaya4 posted...
Can't wait til the metaverse sinks meta as well. All of these platforms have our stayed their welcome.
I was so happy to hear that Metaverse lost over $9 billion

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kirbymuncher
11/10/22 8:45:59 PM
#20:


Like just think about it, where exactly do you think twitter is making money? It has a lot of users but its core userbase is decreasing, the ones who stick around are starting to gravitate to less advertiser-friendly subjects, and it doesn't have any real income source other than ads which are not that effective or reliable

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THIS IS WHAT I HATE A BOUT EVREY WEBSITE!! THERES SO MUCH PEOPLE READING AND POSTING STUIPED STUFF
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Dakimakura
11/10/22 8:46:36 PM
#21:


go anti-woke go broke

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Not waste of data at all
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Naysaspace
11/10/22 8:46:42 PM
#22:


he's just using hyperbole now. he's been bitching and moaning about a lack of cashflow and the fact that it doesn't turn a profit. he wanted to back out of the deal. this is just more bullshit. next he'll say they're moving to Bangladesh to lower costs.
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Vyrulisse
11/10/22 8:47:26 PM
#23:


Naysaspace posted...
he's just using hyperbole now. he's been bitching and moaning about a lack of cashflow and the fact that it doesn't turn a profit. he wanted to back out of the deal. this is just more bullshit. next he'll say they're moving to Bangladesh to lower costs.
My tinfoil hat theory is that he's setting the table for insane monetization.

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Robot2600
11/10/22 9:33:11 PM
#24:


get ready for skins and avatars on twitter

battlepasses

exclusive emotes

exclusive holiday emotes

and more!

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Strider102
11/10/22 9:35:08 PM
#25:


$44 billion well spent.

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#26
Post #26 was unavailable or deleted.
Ruvan22
11/10/22 9:48:12 PM
#27:


kirbymuncher posted...
Like just think about it, where exactly do you think twitter is making money? It has a lot of users but its core userbase is decreasing, the ones who stick around are starting to gravitate to less advertiser-friendly subjects, and it doesn't have any real income source other than ads which are not that effective or reliable

I can't speak to profitability (not very knowledgeable about corporate investment/finance) but companies like Amazon didn't turn a profit for years, instead building the user base and name recognition.
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WilliamPorygon
11/10/22 9:50:12 PM
#28:


I mean they're already morally bankrupt

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Antifar
11/10/22 9:51:22 PM
#29:


Twitter's old owners made boatloads off the site.

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kirbymuncher
11/11/22 12:04:44 AM
#30:


Ruvan22 posted...
I can't speak to profitability (not very knowledgeable about corporate investment/finance) but companies like Amazon didn't turn a profit for years, instead building the user base and name recognition.
that's how tech companies tend to go, with smaller ones eventually making their "profit" as a one time lump sum when they're bought out by one of the large tech giants

I feel like if he was really wanting to think about this from a profitable business perspective, he should have just not bought it in the first place. Esepcially for such an absurd sum. Like seriously does any one think twitter is actually worth $44 billion? It's a recognizable name for sure but there are plenty of competitors in the social media space and I don't think people really have the brand loyalty to stick to it, so you can't effectively change it (including to monetize it somehow) without just shedding a bunch of your audience. A significant portion of which is actually just bots anyways

but now that he has bought it he's kinda stuck with it

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THIS IS WHAT I HATE A BOUT EVREY WEBSITE!! THERES SO MUCH PEOPLE READING AND POSTING STUIPED STUFF
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UnholyMudcrab
11/11/22 12:07:20 AM
#31:


Owning the libs by going bankrupt is a time-honored strategy

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Questionmarktarius
11/11/22 12:07:56 AM
#32:


Leveraged buyouts rarely end well.
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Guide
11/11/22 12:09:06 AM
#33:


The rise of Mastodon might never reach the levels of twitter, but it's neat that so many people are being introduced to the concept of federated networks.

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Sariana21
11/11/22 12:09:34 AM
#34:


I feel bad for all the employees, especially since they're my neighbors, and our home values will be affected.

I don't feel sorry for Musk, though.

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DoesntMatter
11/11/22 12:09:34 AM
#35:


Robot2600 posted...
get ready for skins and avatars on twitter

battlepasses

exclusive emotes

exclusive holiday emotes

and more!
loot boxes for check marks

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It don't matter. None of this matters.
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gunplagirl
11/11/22 12:11:57 AM
#36:


Keep in mind that he'd make most if not all of the money back as a result of bullshit laws and tax write offs that protect the ultra rich from ever being penalized for the most idiotic things they might do.

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Tyranthraxus
11/11/22 12:19:02 AM
#37:


[LFAQs-redacted-quote]


He used Tesla stock as collateral. So he's losing 21 billion dollars in Tesla stock if he declares bankruptcy.

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Punished_Blinx
11/11/22 12:27:19 AM
#38:


Why are people happy

Where are Nintendo going to announce Nintendo Directs now

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Tyranthraxus
11/11/22 12:29:55 AM
#39:


Punished_Blinx posted...
Why are people happy

Where are Nintendo going to announce Nintendo Directs now
Nintendo announces this stuff on their own website. Twitter is an unnecessary appendage that's only needed because every other company also uses it

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It says right here in Matthew 16:4 "Jesus doth not need a giant Mecha."
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Punished_Blinx
11/11/22 12:30:44 AM
#40:


Tyranthraxus posted...
Nintendo announces this stuff on their own website. Twitter is an unnecessary appendage that's only needed because every other company also uses it

Who the hell checks the Nintendo website every minute of the day

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Ricemills
11/11/22 12:31:58 AM
#41:


NeonTentacles posted...
Elon Musk is the hero we deserve but not the one we need right now. Thank you for destroying Twitter

this is like thanking Hitler for killing Hitler.

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Questionmarktarius
11/11/22 12:33:28 AM
#42:


Ricemills posted...
this is like thanking Hitler for killing Hitler.
well, I mean, he did shoot Hitler.
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nexigrams
11/11/22 1:25:25 AM
#43:


"We need to be more hardcore"

You mean your employees need to be more hardcore. Same old song and dance. Layoff half the company and double everyone's workload. Fucking billionaires, man.

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NeonTentacles
11/11/22 6:31:59 AM
#44:


Ricemills posted...
this is like thanking Hitler for killing Hitler.

Questionmarktarius posted...
well, I mean, he did shoot Hitler.

lol

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bo_danvers
11/11/22 6:33:27 AM
#45:


good.
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Lvaneede
11/11/22 6:35:49 AM
#46:


Im not quitting twitter because I want to watch it burn down

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Alucard188
11/11/22 7:31:39 AM
#47:


https://twitter.com/Ox4d5a/status/1590578121526611968?t=iO08YA7XXGa_6xAImy81sQ&s=19

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WingsOfGood
11/11/22 7:34:58 AM
#48:


Heartomaton posted...
Ha.

This is actually a strategy so...

It might actually be want Elon wanted...

You basically bankrupt and gut a company and there are ways to make bank doing so.

Though find it hard to believe he could in this case yet never know....
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BakonBitz
11/11/22 7:35:17 AM
#49:


Honestly maybe Twitter should disappear so all the weirdos and assholes can go back to their chan shitholes. Twitter is too addicting and is a drain to mental health.

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WingsOfGood
11/11/22 7:36:02 AM
#50:


gunplagirl posted...
Keep in mind that he'd make most if not all of the money back as a result of bullshit laws and tax write offs that protect the ultra rich from ever being penalized for the most idiotic things they might do.

Yea I suppose he gets some tax break from this

So yea probablybwhat he had planned
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