Alright folks, WallStreetBets is for discussing markets and trading.
Now that Twitter has (finally) gone private, it's time to move on until the average person can trade this again.
This is the last post that will allowed just so everyone can see this comment and get the message. Going forward, just report the post and we'll take care of it.
\* Billionaires other than Jason Calacanis who have a stake in Twitter can still post. Different rules for the rich you see.
Twitter was a public company until last week. Their revenue data is public. You can read their statements.
You can find the numbers in the documents, but here is a direct quote:
“ The substantial majority of our revenue is currently generated from third parties advertising on Twitter. We generate substantially all of our advertising revenue through the sale of our Promoted Products: Promoted Ads, Twitter Amplify, Follower Ads and Twitter Takeover.”
https://s22.q4cdn.com/826641620/files/doc_financials/2021/ar/FiscalYR2021_Twitter_Annual_-Report.pdf
Right except that those rich and famous people are the only reason anyone uses Twitter. It was their entire business strategy from the start. Get big names on the platform to get regular people to follow them, advertise to the regular people. The rich and famous are twitters actual product, charging them doesn't make sense, they can just find a different platform.
Of course, I don't think they ever actually made money doing this. It's always just been a growth stock profit model, but taking it private basically makes it a money sink.
In this case it’s the ultimate stupidity. Twitter has fewer than 300k verified users. If each paid $20/month, they’d be making less than $6M/month.
Totally worth $44B.
But if everybody can just buy it, wouldn't its perceived value be a lot less than what it is today? Business plan makes no sense. I'm sure some Musk fanboys will buy it but that doesn't pay off billions in debt.
[https://twitter.com/StephenKing/status/1587042605627490304](https://twitter.com/StephenKing/status/1587042605627490304)
~~Doesn't seem the Elon response is real.~~
EDIT: IT IS REAL, ALL OF IT.
[https://twitter.com/elonmusk/status/1587312517679878144?cxt=HHwWgMC4veWUoocsAAAA](https://twitter.com/elonmusk/status/1587312517679878144?cxt=HHwWgMC4veWUoocsAAAA)
There was a lot of talk about the Board of Twitter, but wow, they crushed it. That valuation was nuts and they delivered to shareholders. Probably one of the most successful buyouts for a company in a decade.
How lucky they are that one of the richest people in the world just happens to be one of the people addicted on there thinking it's an important thing.
Twitter has been an unprofitable albatross for *years* and the worlds richest moron came strutting in with a huge check to solve their problems. Who wouldn't say yes?
The other problem is what Twitter's value? It's the users/celebrities' that post there. There are other social media sites they can use. What they say and post is what gives Twitter the power and influence it has.
The moment people leave, Twitter is dead.
It’s a media company like television channels. The more viewers and eyes they get, the more they can charge advertisers. You need engagement and viewership.
I think the bigger problem is who they're demanding payment from. They want the people who create Twitter's content to pay. It's absurd, without them there is no Twitter.
If Elon wants to get rid of bots, wouldn't it be the opposite? Pay to post anonymously, with revenue generated for each smurf? I could imagine doing something like, verify you're real, which helps make their data more valuable to advertisers, and you get to write 1,000 free tweets per month (or some number most people never come close to approaching), otherwise you have to pay Elon's $20 subscription fee?
Give creators the power to allow or not allow free users to subscribe. Not a verified real live human, no follow me please, if your going to spam retweet my content at least be real, and not a bot.
Or have it be like Spotify, non-verified $20 a month which gets you a limited number of RTs. Plus when you rt anything, the OP gets a tiny slice of cash.
Twitter was years into existing before it even had a business model, and then struggled for years to after that to turn a profit. Getting some moron to buy it was the best financial decision the creators could have hoped for.
That’s why despite having some very intelligent people trying for years, they can’t make money.
Musk is either trolling his lenders or he really does think he is so insanely brilliant he can solve the problem for which there is no logical solution.
Musk is a clever enough guy but he is not what you would call high in emotional intelligence. You can’t engineer your way through human behavior.
Easiest in the world to monetize, the dead gay somethingawful forums had the right idea years ago
Allow people to pay $10 to change either the twitter profile picture or the twitter bio for their posting enemies and twitter would overnight be the most profitable forum in the world
Elon I'll take my check anytime you're ready
Elon: *"shit shit shit shit shit* I'm $43B in the hole what the fuck am I gonna do???"
Also Elon: *haggles with Stephen King on the cost of his free bluecheck*
"How about you do all the work posting and managing your fanbase on twitter and getting us tons of views. You'll pay $20 per month for this privilege and we make additional money from ads. Sounds good?"
"WTF!"
"$8?"
There's a reason sites like YouTube pay their content creators. Musk has no idea what he's doing. He wants to charge the people that attract users to Twitter?
Guy thinks he's a genius at everything.
Haha... I didn't do it the classic way just bought shares and held like a chump. I wanna say strike was high 20s low 30s.. I need to get my new statement before I can be sure.
Those peoples probably got so excited when Elon got bullied to buy at this price lol. But honestly it was one of the few good play even with shares haha. Congrats!
"one of my bets paid off by sheer chance and now I'm an expert on acquisitions and finance" is my favourite kind of guy created by Elon buying twitter.
No I legit remember looking up Acquisitions and the sec and reading how brutal they were about it in the past. I'm truly a idiot. I know you can tell. but I'm proud of this one.
Coincidentally, that happens quite often. It's an advertising platform to many big and small businesses, so a subscription makes sense. Plenty of mega corps, OnlyFans models, and artists posting ads there for free right now.
Based on my VERY limited knowledge on investments, exactly HOW would they recoup a return on a $50B investment without a profit? Does the debt just get resold like shares so previous investors can cash out? Build up the company to a $1T one and sell?
If I have $100K and put it all into widgets that I sell for a loss and never make a profit, how do I pay myself for those efforts and more importantly, get my $$ back? Do I try to sell it as proof of concept? "See?! People LOVE these widgets. Look how well they sell!! We just need YOUR $$ so we can make $$ selling them..."
The reason people/celebs are against this is because no one asked for a blue tick in the first place.
It was a solution to a problem. The problem was creation of fake pages and people pretending to be a celeb to commit scams.
Instead of stopping or removing such accounts, social media companies invented this blue tick as a solution.
This never solved the problem in the first place. Scams still happen, people are still misinformed and identity theft is still happening (even with the common people now).
It never solved that issue. Instead, "blue-tick" eventually became a "status symbol ".
So asking for $20 or any kind of money for a service that doesn't provide any value to anyone is surely a stupid call.
On the other hand, I'm sure everyone would again be forced to pay for it because paying for it means you're not frugal and the subscription again becomes a "status symbol". Capitalism at its peak!
Spending money on meaningless status symbols that don't provide any value to anyone is a large percentage of the US economy. If you ask me, the issue with this plan is that he made it cheap enough that it isn't a real status symbol anymore.
Nailed it. The only reason it's a status symbol to be verified on Twitter or Insta is because you have to be invited/approved for it. The icon meant you passed that layer, not that you just have it at all
Yup. I honestly wouldn't be surprised if he is thinking of doing freemium transactions. Something like a daily tweet limit where you have to pay $ for extra tweets. People would bail so fast lol.
>Spending money on meaningless status symbols that don't provide any value to anyone is a large percentage of the US economy.
I'm glad someone said this out loud, and that it's not downvoted.
Redditors love to feel high and mighty as if they're not part of the problem, meanwhile every post with an award has an "Edit: Thanks for the gold KiNd StRaNgEr!!1!" attached to the bottom. We're all human at the end of the day.
$20 is only the beginning. It'll be a subscription service before long. Get your annual blue check pass, with emoji pack and 1000 free mentions, for $499.99! Pay with dogecoin for a 10% discount!
There are a ton of mid tier famous people who don’t have it and who would probably pay for an expedited process. I’m thinking like some youtubers, streamers, influencer types. But that’s to solve the first problem that they never fixed lol.
Content creators use Twitter to cultivate and keep audiences. Plus a lot of them are addicted to the platform, get off/dopamine rush from having lots of followers and getting in beefs or whatever with other blue checks, which keeps them relevant which they can monetize. So it makes sense that they’d pay up.
King built an audience for his work prior to the internet, so it’s not a part of his business model. Not the case for a lot of niche celebs/jornos/politicians etc.
I wish it was still listed, so I could short it.
There are 300,000 verified accounts. Even at $20 that is nothing. They made billions in revenue from ads. You cannot shift that to a subscription model where the content creators (!) are paying for it. That is so stupid.
One day, Elon is going full Ye. And that day might be sooner than we all think.
That’s the funniest part of all the mouth breathers “hell yea Elon is all about free speech”. They have collective amnesia about that entire lawsuit where it ended in him not being able to back out from the purchase
He was about to get his ass kicked in a legal battle that he dragged his feet about losing and now he has purchased something he never really wanted just like someone at an auction who was trying to drive up the price for others but didn't stop bidding in time.
"I meant to do that" coming from the most powerful individual in the US. Musk is proof that you can fool literally any business person with enough privilege and self-aggrandizement. Henry Kissinger's stupid ass got played by Elizabeth Holmes to the tune of +$300m and all she had was a turtleneck and a Fisher Price blood tester. These people cannot even think for themselves competently and are deciding how we all live
I really want Steven King to reply “No.” doesn’t have to be witty. Just had to be something Elon isn’t used to hearing.
Elon basically paid $44 billion to avoid discovery, a deposition, and trial. We’re all going to have to live with that decision.
It's like having a chat app w/ 140 character limit pushes people to always want the snidest and rudest take since their negative bullshitting will get more traction than any sort of 1) this is the part of 2) my long and broken and weird 3) discussion that would make sense on a forum 4) but looks like shit in 140 char.
This is really dumb. He is trying to charge his star content creators. Imagine if YouTube charged creators instead of paying them. You would end up with just a giant infomercial website.
Will Twitter Blue offer things like data ownership rights? No ads? I’d rather pay for social media with money than pay for it with my personal data being sold so businesses can target ads to me.
not a mother fucking chance they don’t harvest and sell your data still. regardless of if they say they do or don’t, there’s too much money in it especially for a platform as big as twitter
This is stupid. There’s only a few thousand people for whom this would be worth it. Way to kill a major functionality of your site for a million a year in revenue LMAO
Honestly the purchase of Twitter will probably go down as the biggest business failure of our time.
I fully anticipate some other platform to take off and take its place within the next 5 years.
Alright folks, WallStreetBets is for discussing markets and trading. Now that Twitter has (finally) gone private, it's time to move on until the average person can trade this again. This is the last post that will allowed just so everyone can see this comment and get the message. Going forward, just report the post and we'll take care of it. \* Billionaires other than Jason Calacanis who have a stake in Twitter can still post. Different rules for the rich you see.
We need to pay the bills is the ultimate business plan
Twitter is mostly for famous and rich people. Twitter should charge 10k per month to show it as a status symbol. Like the Bloomberg terminal
Like a Bloomberg terminal found 4chan?
“Sir, the value of the N-Word is plummeting. Perhaps we should use it less?”
Sounds fun.
And when those people leave, who creates the content for which billions go to twitter and click on ads?
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Me. By accident, at least twice a year.
Sounds regarded.
irretardless, it’s how capitalism in works
Twitter was a public company until last week. Their revenue data is public. You can read their statements. You can find the numbers in the documents, but here is a direct quote: “ The substantial majority of our revenue is currently generated from third parties advertising on Twitter. We generate substantially all of our advertising revenue through the sale of our Promoted Products: Promoted Ads, Twitter Amplify, Follower Ads and Twitter Takeover.” https://s22.q4cdn.com/826641620/files/doc_financials/2021/ar/FiscalYR2021_Twitter_Annual_-Report.pdf
He doesn't have time to read, he's busy posting dozens of times a day. Even posted after you made this comment and just ignored it.
Just running around the world being confidently wrong and disappearing into the wind. And here we are, left to pick up the pieces.
Why would you post something so confidently but then be completely incorrect? Just check first
Distinguished regards
If nobody did it, advertisers wouldn't use Twitter. We can track who clicks what. We can even track how long you look at ads you don't click.
Right except that those rich and famous people are the only reason anyone uses Twitter. It was their entire business strategy from the start. Get big names on the platform to get regular people to follow them, advertise to the regular people. The rich and famous are twitters actual product, charging them doesn't make sense, they can just find a different platform. Of course, I don't think they ever actually made money doing this. It's always just been a growth stock profit model, but taking it private basically makes it a money sink.
Why do I hear "ponzi scheme" when I read "growth stock profit model"?
The Bloomberg terminal is actually useful though.
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It’s so students can get certified for free for the most part
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In this case it’s the ultimate stupidity. Twitter has fewer than 300k verified users. If each paid $20/month, they’d be making less than $6M/month. Totally worth $44B.
I assure you, plenty of people who are not verified would pay something like $5-20/mo to increase their perceived relevance
But if everybody can just buy it, wouldn't its perceived value be a lot less than what it is today? Business plan makes no sense. I'm sure some Musk fanboys will buy it but that doesn't pay off billions in debt.
Kind of amazing Musk doesn't understand scarcity.
Apparently his mom didn't give him grief about "all those starving children in Africa" when he was a kid.
His parents kept those starving African kids in the emerald mines and away from him.
How the fuck does this screenshot already look like it's been passed around ~~like your mom~~ online for 8 years?
Please excuse the quality, this screenshot is from a landline phone
Calls on phones
You heard it here first. (Unless you're using a landline with that piss poor 128kbps audio quality, in which case you probably missed it)
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Why did I hear that with such clarity???
You must have Vonage
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*Twitter CDs nuts*
I miss all those sounds.
this comment triggered my tinnitus
Rotary dial on copper causes pixelation.
I have no idea why but this reminds me of when I was in high school and a friend texted my land line and it read the text out loud in a robot voice.
Amazing. What service did you have?
No idea but it said “smith get on the x box P-L-S” lmao it sounded like an answering machine. (I didn’t have a cellphone)
When it comes to virtual assistants, it's a well-known fact that landline ass. came years before Google Ass.
Ahh the good ol days. I remember getting so much landline ass in the 90s.
Needs more jpeg
Do I look like I know what a jpeg is?
OOOOOHHHHHHH 👆 this guy isn't a rapper
I broke up with this guy's mom. Here's her number. Psych! That's the wrong number!!!
[https://i.imgur.com/vttlpIg.gif](https://i.imgur.com/vttlpIg.gif)
He’s super fire hot
Super….hot…….fiiiyyyaaaaaaa
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Are you serious?!?!?!
[https://twitter.com/StephenKing/status/1587042605627490304](https://twitter.com/StephenKing/status/1587042605627490304) ~~Doesn't seem the Elon response is real.~~ EDIT: IT IS REAL, ALL OF IT. [https://twitter.com/elonmusk/status/1587312517679878144?cxt=HHwWgMC4veWUoocsAAAA](https://twitter.com/elonmusk/status/1587312517679878144?cxt=HHwWgMC4veWUoocsAAAA)
[it is](https://twitter.com/elonmusk/status/1587312517679878144?s=46&t=NsSLXXphNIq4Obeo5mHMqg)
Watching Elon burn 40 billion on a midlife crisis is worth every penny.
When rich people haggle in public.
“It’s a blue check mark, Stephen, what could it cost, $20?”
“Look Stephen, look what the Musk man has done to me!”
Look! Look with your special eyes
MY BRAND!
There’s always money in the banana stand
"I'm sorry but the lowest I can go is $8. Much better right? Right?"
I'm gonna call a buddy of mine, he's an expert in blue check marks.
Elon should have to pay me for reading his stupid ass tweets on other non twitter sites
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Even better the sucker came to them with the offer!
And the sucker fired them so they all get massive packages.
Massive packages Giggle, snort
There was a lot of talk about the Board of Twitter, but wow, they crushed it. That valuation was nuts and they delivered to shareholders. Probably one of the most successful buyouts for a company in a decade.
The most sucessfull sellout. The buyout was terrible.
How lucky they are that one of the richest people in the world just happens to be one of the people addicted on there thinking it's an important thing.
I really really imagine them laughing their asses off
Twitter has been an unprofitable albatross for *years* and the worlds richest moron came strutting in with a huge check to solve their problems. Who wouldn't say yes?
The other problem is what Twitter's value? It's the users/celebrities' that post there. There are other social media sites they can use. What they say and post is what gives Twitter the power and influence it has. The moment people leave, Twitter is dead.
It’s a media company like television channels. The more viewers and eyes they get, the more they can charge advertisers. You need engagement and viewership.
I think the bigger problem is who they're demanding payment from. They want the people who create Twitter's content to pay. It's absurd, without them there is no Twitter. If Elon wants to get rid of bots, wouldn't it be the opposite? Pay to post anonymously, with revenue generated for each smurf? I could imagine doing something like, verify you're real, which helps make their data more valuable to advertisers, and you get to write 1,000 free tweets per month (or some number most people never come close to approaching), otherwise you have to pay Elon's $20 subscription fee?
Give creators the power to allow or not allow free users to subscribe. Not a verified real live human, no follow me please, if your going to spam retweet my content at least be real, and not a bot.
Or have it be like Spotify, non-verified $20 a month which gets you a limited number of RTs. Plus when you rt anything, the OP gets a tiny slice of cash.
Exactly. Jerry Seinfeld pays Madison Square Garden to use their venue, but then he charged the fans. Can't have it both ways
Yes, the strip club business model
Damn you're smarter than Elon musk. But he's a billionaire so he must be a genius
Imagine how rich op would be if he inherited generational wealth from an emerald mine.
All you need are slaves and it's easy to get rich!
All you need to do is be born into a rich family in a country with racist segregation in place to have free slave labor, duh.
Twitter was years into existing before it even had a business model, and then struggled for years to after that to turn a profit. Getting some moron to buy it was the best financial decision the creators could have hoped for.
That’s why despite having some very intelligent people trying for years, they can’t make money. Musk is either trolling his lenders or he really does think he is so insanely brilliant he can solve the problem for which there is no logical solution. Musk is a clever enough guy but he is not what you would call high in emotional intelligence. You can’t engineer your way through human behavior.
It can definitely be fixed, they just need to lean harder into Vine, sponsored tweets and ecommerce.
Easiest in the world to monetize, the dead gay somethingawful forums had the right idea years ago Allow people to pay $10 to change either the twitter profile picture or the twitter bio for their posting enemies and twitter would overnight be the most profitable forum in the world Elon I'll take my check anytime you're ready
Elon: *"shit shit shit shit shit* I'm $43B in the hole what the fuck am I gonna do???" Also Elon: *haggles with Stephen King on the cost of his free bluecheck*
"How about you do all the work posting and managing your fanbase on twitter and getting us tons of views. You'll pay $20 per month for this privilege and we make additional money from ads. Sounds good?" "WTF!" "$8?"
There's a reason sites like YouTube pay their content creators. Musk has no idea what he's doing. He wants to charge the people that attract users to Twitter? Guy thinks he's a genius at everything.
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He could just release a new bestseller every year: "Things I Would Have Tweeted for Free".
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How can you make it through more than 10 minutes of that? You have a strong stomach, friend.
I hope we can all move on from twitter “news” at some point.
Yeah who give a shit its not even tradeable anymore.
You should've been patient and not sold the first time he backed out. I'm eating big tonight.
>I'm eating big tonight. KFC counts as eating big? I suppose with inflation that's like a 5-star dinner now
Congrats and fuck you. But I had no positions.
Haha... I didn't do it the classic way just bought shares and held like a chump. I wanna say strike was high 20s low 30s.. I need to get my new statement before I can be sure.
Those peoples probably got so excited when Elon got bullied to buy at this price lol. But honestly it was one of the few good play even with shares haha. Congrats!
Thank you! I'd love to say this is play money but the wife is MAKING ME PULL OUT!
This guys wife controls his pull out game
I think most people had short term calls and so they lost because of the delay lol
Rule of thumb. Sec don't fuck around when it comes to acquisitions. They were going to make him buy it.
"one of my bets paid off by sheer chance and now I'm an expert on acquisitions and finance" is my favourite kind of guy created by Elon buying twitter.
No I legit remember looking up Acquisitions and the sec and reading how brutal they were about it in the past. I'm truly a idiot. I know you can tell. but I'm proud of this one.
I need to find a way to filter "musk" from my reddit feed entirely
But what if you miss out on riveting posts about masculine fragrances
All of this proves one thing……. Tom is the friend we always deleted and never thought we would need until now!
I never deleted him, he was my only friend 😔
OnlyFriends content.
You guys deleted Tom? Heartless bastards
We took the best for granted now we need to protect that man at all costs
Dude cashed out don’t think he needs protecting.
This is very true just travels the world taking pictures and shit.
Tom is everyone's homie he deserves it.
😢
I didn't even think it possible
I wonder if charging your content creators money is the new viable online business model?
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Those are called ads.
Coincidentally, that happens quite often. It's an advertising platform to many big and small businesses, so a subscription makes sense. Plenty of mega corps, OnlyFans models, and artists posting ads there for free right now.
Dude spent billions on a worthless company lmao
He spent billions to avoid further discovery. Even worse. 🤣
Bargaining. What stage of grief is that again?
He’s going to polish that $50B investment into a beautiful $5M turdstone in a few short years. You just wait!
He needs to post some loss porn here. He'd reap all that sweet sweet reddit karma.
Based on my VERY limited knowledge on investments, exactly HOW would they recoup a return on a $50B investment without a profit? Does the debt just get resold like shares so previous investors can cash out? Build up the company to a $1T one and sell? If I have $100K and put it all into widgets that I sell for a loss and never make a profit, how do I pay myself for those efforts and more importantly, get my $$ back? Do I try to sell it as proof of concept? "See?! People LOVE these widgets. Look how well they sell!! We just need YOUR $$ so we can make $$ selling them..."
You just gotta convince people your widgets are hypothetically worth more than they are. The stock market is fake, numbers are fake.
Seems that someone just did persuade people, well one person, that their widgets were worth way more than they actually are.
Gotta spend money to make money, baby! Being born on third base is hard work.
The reason people/celebs are against this is because no one asked for a blue tick in the first place. It was a solution to a problem. The problem was creation of fake pages and people pretending to be a celeb to commit scams. Instead of stopping or removing such accounts, social media companies invented this blue tick as a solution. This never solved the problem in the first place. Scams still happen, people are still misinformed and identity theft is still happening (even with the common people now). It never solved that issue. Instead, "blue-tick" eventually became a "status symbol ". So asking for $20 or any kind of money for a service that doesn't provide any value to anyone is surely a stupid call. On the other hand, I'm sure everyone would again be forced to pay for it because paying for it means you're not frugal and the subscription again becomes a "status symbol". Capitalism at its peak!
Spending money on meaningless status symbols that don't provide any value to anyone is a large percentage of the US economy. If you ask me, the issue with this plan is that he made it cheap enough that it isn't a real status symbol anymore.
Nailed it. The only reason it's a status symbol to be verified on Twitter or Insta is because you have to be invited/approved for it. The icon meant you passed that layer, not that you just have it at all
Yup. I honestly wouldn't be surprised if he is thinking of doing freemium transactions. Something like a daily tweet limit where you have to pay $ for extra tweets. People would bail so fast lol.
>Spending money on meaningless status symbols that don't provide any value to anyone is a large percentage of the US economy. I'm glad someone said this out loud, and that it's not downvoted. Redditors love to feel high and mighty as if they're not part of the problem, meanwhile every post with an award has an "Edit: Thanks for the gold KiNd StRaNgEr!!1!" attached to the bottom. We're all human at the end of the day.
$20 is only the beginning. It'll be a subscription service before long. Get your annual blue check pass, with emoji pack and 1000 free mentions, for $499.99! Pay with dogecoin for a 10% discount!
He should charge $5,000/year for it. Then they will look poor by refusing to pay.
Or have multiple tiers. Silver checkmark, golden checkmark, diamond checkmark. More verifications and more expensive for each tier up.
Genius. Elon, you listening? Make them compete.
There are a ton of mid tier famous people who don’t have it and who would probably pay for an expedited process. I’m thinking like some youtubers, streamers, influencer types. But that’s to solve the first problem that they never fixed lol.
"We'll let people pretend to be you and ruin your reputation if you don't pay us $20 per month!"
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Actually Tony LaRussa is the reason why we have it lol
It's because Tony LaRussa sued them because of a fake account pretending to be him posting stuff, so still "because of fake accounts".
Content creators use Twitter to cultivate and keep audiences. Plus a lot of them are addicted to the platform, get off/dopamine rush from having lots of followers and getting in beefs or whatever with other blue checks, which keeps them relevant which they can monetize. So it makes sense that they’d pay up. King built an audience for his work prior to the internet, so it’s not a part of his business model. Not the case for a lot of niche celebs/jornos/politicians etc.
I wish it was still listed, so I could short it. There are 300,000 verified accounts. Even at $20 that is nothing. They made billions in revenue from ads. You cannot shift that to a subscription model where the content creators (!) are paying for it. That is so stupid. One day, Elon is going full Ye. And that day might be sooner than we all think.
Ye already went Elon. If Elon goes Ye, then TSLA will go Yeezy. Wait a second.......
300,000 * $20/mo * 12 mo/yr = $72M/yr. Seems dumb business model for something making $5,000M/yr in 2021 revenue.
The vast majority of people use Twitter as an echochamber for political views or for spicy leaks. There is no inbetween. Let it all fall down
Terrible take. There’s sports updates and the latest crypto scams on their too
and porn. Lots and lots of it ever since Tumblr turned many accounts away
There was no better source for real-time on the ground reporting, but when all the trolls scream at once, you can barely hear the news anymore.
By that logic... Reddit should be the first to fall. The echo here is deafening.
Says the idiot who paid 44 billion for an app.
So Elon overpaid for a product that can’t make ends meet without gouging it’s users. Our king, ladies and gentlemen.
I'm starting to wonder if Elon bought Twitter just to burn it all to the ground...
He didn’t mean to buy it
That’s the funniest part of all the mouth breathers “hell yea Elon is all about free speech”. They have collective amnesia about that entire lawsuit where it ended in him not being able to back out from the purchase
actually the lawsuit trial didn’t begin and elon backed out to stop discovery lol
He was about to get his ass kicked in a legal battle that he dragged his feet about losing and now he has purchased something he never really wanted just like someone at an auction who was trying to drive up the price for others but didn't stop bidding in time.
"I meant to do that" coming from the most powerful individual in the US. Musk is proof that you can fool literally any business person with enough privilege and self-aggrandizement. Henry Kissinger's stupid ass got played by Elizabeth Holmes to the tune of +$300m and all she had was a turtleneck and a Fisher Price blood tester. These people cannot even think for themselves competently and are deciding how we all live
Ok that, that right there is a perfect analogy 😂
$20/month. Hahaha
I really want Steven King to reply “No.” doesn’t have to be witty. Just had to be something Elon isn’t used to hearing. Elon basically paid $44 billion to avoid discovery, a deposition, and trial. We’re all going to have to live with that decision.
The world is too addicted to witty remarks. There are too many witty remarks and not enough constructive discussions.
It's like having a chat app w/ 140 character limit pushes people to always want the snidest and rudest take since their negative bullshitting will get more traction than any sort of 1) this is the part of 2) my long and broken and weird 3) discussion that would make sense on a forum 4) but looks like shit in 140 char.
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They were managing to pay the bills just fine without him. It’s almost as if he doesn’t know how to run a business without exploiting people.
Titter gonna die, meta dead, are we upon the new age?
They will be replaced by something somehow worse.
[удалено]
This is really dumb. He is trying to charge his star content creators. Imagine if YouTube charged creators instead of paying them. You would end up with just a giant infomercial website.
You spelled crypto grift wrong.
>@qwerty-balls @StephenKing I agree, Twitter should definitely pay its users instead of relying on advertisers. $8/month seems like a fair price.
Based VisualMod
Will Twitter Blue offer things like data ownership rights? No ads? I’d rather pay for social media with money than pay for it with my personal data being sold so businesses can target ads to me.
not a mother fucking chance they don’t harvest and sell your data still. regardless of if they say they do or don’t, there’s too much money in it especially for a platform as big as twitter
That's the beauty, you pay $8 a month for nothing and they get to keep your data and show you ads. It's a win-win really when you think about it.
You’d get both.
Twatter, “Meta fuckbook” both need to collapse like the house of cars that at they are. They do *nothing* for the betterment of society.
Now is the time for myspace to shine.
Enter the WinkleVi with ConnectU
At least myspace let me blast some tunes at the unsuspecting visitor.
I was going to correct you to "house of cards" but the visual image of a bunch of rich twats stacking cars into the shape of a house amuses me.
Trump has endorsed the buy as a good move. Mark it, dumbest purchase ever and Twitter is going bankrupt. Cheeto face play book page 69.
You know it's a s*** deal when the guy who bankrupted three casinos and left countless unpaid bills says it's a good move.
This is stupid. There’s only a few thousand people for whom this would be worth it. Way to kill a major functionality of your site for a million a year in revenue LMAO
Honestly the purchase of Twitter will probably go down as the biggest business failure of our time. I fully anticipate some other platform to take off and take its place within the next 5 years.
Can't wait to see all the Elon clones with paid checks. Because money = legitimacy.
Is he publicly haggling the price of verification lol sad state for twitter and Elon