JonRowe
1671
You just pay 2 months severance.
Or space the firings over multiple sites and timings
I’ll miss Twitter, but the mere fact that #Pelosigaylover is trending and nothing’s being done to stop it is more than sufficient reason to burn the whole place to the ground.
JonRowe
1673
I don’t see that in my trending, but I would assume the trending tab is tailored to each accounts likes and follows.
There are lots of reasons besides this to want to see it burn to the ground.
dtolman
1675
Yes - the trending is absolutely tailored from your follows, etc. Mine are almost all Ukraine War related accounts, so my trending stories right now are:
ATACMS
Odesa
Delphi
Sotomayor
They’re going to sue him — assuming he really intends to stiff them — and there is no way he can demonstrate that, after a few hours in the driver’s seat, he ‘discovered’ (e) or they did (a).
Are checkmarks really so “valuable” that people are will pay to keep them? I understand - for celebrities/companies its a pittance, but I’d assume that the vast majority of ordinary users would look at that extra cost and just say: nope.
Granted, I’m the type who is not even willing to pay Netflix $20/month for their service (I do buy Netflix a couple of months a year, but I just don’t use it or any other streaming service enough to feel it is worthwhile to have a permanent subscription) but even people who throw money at subscriptions services regularly have limits. Why would anyone who isn’t crazy rich throw that kind of money at a service which adds almost nothing of value to your usage of the social network?
Enidigm
1678
I’d guess pretty much anyone who interacts with Twitter as part of their “brand” would care (and thinks their brand is worth defending).
This “scheme” is almost certainly about taking brands hostage for cash. If you have a “brand” but don’t want to pay to defend it by buying the “blue check mark”, are you effectively ceding the trademark or copyright in a public space?
Oh, absolutely. I’d just argue that “accelerating the spread of psycopathic right wing conspiracy bullshit” is suffficient unto itself.
Yeah, at this rate all the people he is firing are going to end up owning Twitter after the class action.
And, again, all for an amount of revenue that could easily be less than the cost of administrating this new restriction.
That’s my whole point. For verification to mean anything it can’t possibly scale up in the expected timeframe, or to a size where the revenue will be meaningful.
Houngan
1682
From whom did he buy it, primarily? I’m starting to think Musk might nope out of this whole mess and just sell it back to the shareholders at a huge loss.
These are the executives we’re talking about, and the total payouts they’d be suing over are in the tens of millions. He can just lay off the ordinary workers.
His offer was accepted by the Twitter board. So all shareholders sold him all their shares and they had no choice in the matter. If he wants to start unloading shares on the open market or float the company for sale he can, but it would be at a loss until he can get the valuation of Twitter back to the price he bought it at it. Which isn’t looking likely in the current economy.
Verification is just part of the sub - presumably there are going to be other perks to incentivise paying the money to get people who don’t care about a blue check per se. I understand editing is already one of those, but I imagine Elon has others in mind. If not, then it’s an even dumber plan than it seems.
Well, they voted on it. The board can’t sell it without shareholder approval. But once the vote went through, yes.
Houngan
1687
That’s what I was wondering, who held the main position prior to sale? Was there a 51% holder? Anyway, I can easily see this being a 20 Billion boondoggle in service of his ego and Twitter going right back to the same owners.
Nope. Musk was the largest shareholder before his formal offer, then a bunch of mutual fund managers, brokers and hedge funds, all with less than 10%. Dorsey had a bit under 3%.
Dorsey also egged Elon to do this, too, so he can fuck off as well.
I can’t blame a guy for fleecing a sucker with deep pockets. If Dorsey owned around ~3% of the company, he probably walked away with about a billion in cash from this deal.
