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Elon Cleaning House

Discussion in 'Too Hot for Swamp Gas' started by gatormonk, Oct 27, 2022.

  1. okeechobee

    okeechobee GC Hall of Fame

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    Is there any real data that shows Twitter usage is suffering lately? Elon claimed it is at all-time highs just a few days ago. I tend to believe him, because he posted the data and if he’s lying about it, there’s no way to get out of it as it’s in writing.

    If Twitter usage really is up then I think predictions of failure need to remain on hold. As long as the traffic is there, this is definitely salvageable (at the very least). At the end of the day, traffic is going to determine subscriptions and ad revenue.
     
  2. WarDamnGator

    WarDamnGator GC Hall of Fame

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    To be fair, we are not the only ones saying that Twitter might be doomed. Musk wrote that revenue is down due to advertisers leaving and literally said himself the company might not survive. That is also in writing. If you believe him when you tells you traffic is up, then also believe him when he tells you the company isn't doing well.

    But I wouldn't say that traffic determines subscriptions and revenue. Subscriptions are only worth it they add value. Would you pay for a Too Hot Subscription just to get a green gator icon next to your name? ... even if Too Hot was still completely free to use otherwise and your subscription added no new content or perks? That's a hard sell. They only people who are going to pay for that are people who think they have something to gain by being "verified", even though verification has turned into a joke.

    And traffic is surely a metric that advertisers like... but with the increase in traffic also came an increase in the use of racial and antisemitic slurs ... so that's another metric advertisers will look at if Musk doesn't get that under control. No wants their products advertised next to pro-KKK and Neo Nazi rants.

    Elon just needs to turn the CEO duties to someone who knows that they are doing with social media, and I think it survives.
     
    • Agree Agree x 1
  3. BigCypressGator1981

    BigCypressGator1981 GC Hall of Fame

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    Twitter dying would be a great first step.
     
    • Agree Agree x 2
  4. WC53

    WC53 GC Hall of Fame

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    think the question has been, real people vs computer
     
  5. exiledgator

    exiledgator Gruntled

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    Part of his master plan to make the world better.

    I remember years ago he said he would buy something and just shut it down. A gaming platform? Facebook? Anyone remember that?
     
  6. citygator

    citygator VIP Member

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    Charlotte
     
  7. citygator

    citygator VIP Member

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    Charlotte
  8. mdgator05

    mdgator05 Premium Member

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    Gee, I wonder why advertisers aren't happy:

     
    • Winner Winner x 2
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  9. OklahomaGator

    OklahomaGator Jedi Administrator Moderator VIP Member

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    Wasn't it Fort Nite?
     
  10. exiledgator

    exiledgator Gruntled

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    That doesn't sound right, but it coulda been. My memory kinda sucks lol.
     
  11. PITBOSS

    PITBOSS GC Hall of Fame

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    Top execs leaving the company…..

    “Here is what the Twitter lawyer wrote in Twitter’s Slack:

    Everyone here should also know that our CISO(chief information security officer), Chief Privacy Officer and Chief Compliance Officer ALL resigned last night. This news will be buried in the return-to-office drama. I believe that is intentional.”


    Elon Musk is putting Twitter at risk of billions in fines, warns company lawyer
     
  12. PerSeGator

    PerSeGator GC Hall of Fame

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    As I mentioned up-thread, selling verification like this just isn't legally sustainable. The only reason anyone wants the blue check is because people understand it as a statement by Twitter that the account is authentic. To do that for years, and then suddenly drop all verification procedures in favor of a whoever-pays subscription model is going to create liability for any harm that comes from the very predictable confusion caused by these fake accounts.

    I wouldn't be surprised if we see a securities class action suit next week related to this Eli Lilly stunt. A lot of people lost money on that, and they can very easily point the finger right at Twitter for facilitating the distribution of false info under the company's name.
     
    • Like Like x 2
  13. pkaib01

    pkaib01 GC Hall of Fame

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    "That's gold Jerry. Gold!"

     
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  14. PerSeGator

    PerSeGator GC Hall of Fame

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    Tesla's margins are much better than the other automakers, so the valuation makes some sense.

    Apple doesn't sell the most phones in the world, but they make a lot more money on every phone sold than anyone else, so much so that they're the most valuable company in the world.

    Investors are banking on Tesla continuing to grow its sales while maintaining its high margins. Personally, I'm skeptical given how competitive car sales are, but the rationale is somewhat justifiable, particularly now that the price is down quite a bit from its highs.
     
  15. okeechobee

    okeechobee GC Hall of Fame

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    Both Tesla and SpaceX were doomed to failure for years and that was before people had an anti-Elon agenda. Both companies had numerous setbacks that cost well more than any setbacks Twitter has had during Elon’s three weeks (lol) thus far. Not to mention an app like Twitter can obviously be revamped quicker and with less cost than a space rocket. Took him four years to re-launch for their first success after the 3rd rocket blew up in 2008, surviving the Great Recession while he slept on the factory floor many nights.

    But Twitter is doomed after three weeks.
     
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  16. PITBOSS

    PITBOSS GC Hall of Fame

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    Tesla is obviously a successful company. However their PE ratio is roughly 60. NASDAQ 100 PE is roughly 23 and S&P is 20.
     
    Last edited: Nov 11, 2022
  17. okeechobee

    okeechobee GC Hall of Fame

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    PE ratio is actually 54.4 now and that’s down from 190 at the end of 2021. In general, premium companies trade at a premium price. Tesla’s growth potential makes it very much a premium stock, which is why it trades at a higher PE than the average company.
     
    • Informative Informative x 1
  18. Sohogator

    Sohogator GC Hall of Fame

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    Hyggyhhhhhhhhhhhhhhhhgggggg be
    You telling the board you know nothing about investing with out actually saying the words. Impressive.
     
  19. Sohogator

    Sohogator GC Hall of Fame

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    it was doomed when Elon paid $44B for it…
     
  20. Orange_and_Bluke

    Orange_and_Bluke Premium Member

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    Let me guess. You’re an expert in investing too.