Technology

• Claims in an interview that he is qualified to handle a social media company on the internet because he has "put internet in space"
• Buys a financially struggling company for way too much money
• Dismantles everything that made it attractive
• Insults and fires the most competent employees who are trying to stop him from destroying the platform
• Doesn't pay the employees he fired owed severance, further discouraging the best of the workforce from ever applying to work there
• Turned it into something so repulsive and toxic that the users and advertisers start to leave
• Told the advertisers to "go fuck themselves"
• Tried to sue the advertisers into returning, further discouraging any new advertiser from ever doing business with him
• Destroys the brand recognition by renaming it to a letter of the alphabet he personally likes but nobody else gives a crap about
• Abuses his admin powers to steal a handle with the name he wanted from its owner, further eroding the user's trust in him handling the platform
• Continues ruining the platform, turning it into his personal soap box to push his (toxic) ideas and abuses his powers to reduce the visibility of those he doesn't like while claiming to be radically pro-free speech.
• Alternative platforms have gained momentum and have reached critical mass and will soon become the new default platform people will flock to. High profile users leave.
• Whines and bitches about the company not making any money.

Hey guys, I'm starting to think that this guy's fortune has absolutely nothing to do with his skills at running a business

I would be shocked if the company was actually breaking even.

Turns out, nazi business is bad business

X has added some features, like job listings

Who the fuck looks for jobs on X?

Go fash; lose cash.

hm, someone told me it was so easy to cut wasteful spending.

There's no fucking way they're breaking even.

The man bought an election with disinformation and lobbying, who gives a fuck what he says about this company. Who knows what the fuck break even even means in his addled brain.

Bullshit. No way does Twitter make anywhere near a profit, and that’s NOT taking into account the payments on 44Bn.

After Twitter already not being profitable. Add all the loss of marketing from businesses and users leaving, then the cost of all the bots and lawsuits.

How come it is "barely breaking even"? Who is paying them? Fascists?

Aw geez, what a shame. As if Neo-Goebbels is going to shut his propaganda arm over something as trivial as money.

Musk also said that the company could become cash-flow positive “within months” nearly two years ago, and it still faces over $1 billion in annual interest payments on the loans.

3 months maybe, 6 months definitely

They should be losing fucking money hand over fist, is the problem.

If only they had competant management...

With the site now serving as an outlet for right wing narratives and misinformation that benefits the administration, there will be an incentive to prop it up financially if need be. Banks have been trying unsuccessfully to offload their debt used to finance the acquisition, so it seems investors aren’t as confident in the site’s long term profitability even with its newfound role.

At this point if you're still working there knowingly building a powerful fascist gathering platform after so much time available to leave, taking dirty Nazi money as payment for your services...

I dunno man... should I feel bad for the staff, or are the remaining staff complicit enough at this point?

Wouldn't barely breaking even actually be exceptionally good in the history of twitter? I though it had been burning money from its conception.

No you're not

Twitter broke barely even

You paid twice it's worth and then within 2 years got it to only 20% of its value, pushing away all power users and advertisers.

You're bleeding money like there is no tomorrow and you'll still be bankrupt or jailed soon enough. If not during Trump's presidency, then most certainly after it

I think it's time to fire half of the people! That will help.

Awww, is the world’s greediest man not making enough money?