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Twitter's been acting weird for several hours. Turns out that Musk has done something extraordinary:
Of course everyone on Twitter knows that 600 posts/day is basically nothing, so it's basically something to get people to pay for Twitter and get that blue check, but even then it's not an unlimited offer.
Is Musk knowingly just trying to run the website down, or is there some logic here that I'm not seeing? Is this, finally, the much-predicted Death of Twitter?
updates:
It gets better
https://twitter.com/elonmusk/status/1675214274627530754
https://twitter.com/elonmusk/status/1675260424109928449
all within the span of a few hours
I saw someone semi-jokingly say that the rate limits were increasing as Elon ran into them himself, and at this point I find that distressingly likely.
Man should have stuck to rockets and electric cars, though a more based Twitter is still nice to have.
Consider the idea that he's not actually running the rockets and electric cars any better...
Tesla is worth over 800 billion so he has certainly done something right there. To your point it is pretty crazy that the CEO of one of the largest companies in the world is a full blown/terminally online twitter addict.
No I think this makes sense. The thing he did right was hype. With hype he attracted people good enough at the actual work to make a functional company, and enough funding to get it of the ground. At least functional enough to generate more hype. But 90% of what he personally is doing right is the hype. He has a ton of projects that didn't really go anywhere, but did generate even more hype, like hyperloop (heh. Hype-rloop). So of course he's terminally on Twitter. He's a PR CEO. He does Hype and Culture War and it makes his stock increase in value.
I'm not going to say he's a bad CEO in the getting funding and making his stock value rise sense. I'm not even going to say his pure Hype strategy hasn't been working, it's been causing all sorts of forces to gas him up like a DND deity powered by faith. But like- he's casting with Charisma, not Int. If his company is really worth 800 billion, its because he can be expected to generate enough hype to get other people to pump energy into his ideas until they become reality- I don't think it would be worth that in anyone else's hands though.
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It's not that crazy, considering that the US already had a full blown Twitter addict as a President.
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That's actually an argument against him. There's no way Tesla is worth more than all other car companies combined.
So how much money have you lost shorting Tesla for years at this point?
I think Tesla’s valuation is high because (1) they do have a reasonably high margin car department, (2) they basically now have a national gas station chain as all other electric vehicles are using the Tesla charging stations, and (3) the hope that Tesla can solve battery storage turning them into the world’s largest utility by far.
The valuation obviously is based off of hope, but there is real substance and actual profit. Elon built a car company in the 21st century. People thought that impossible. Maybe we don’t assume he is an idiot?
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There is very much a way because thats currently what it is.
Are you saying Elon is a bad CEO because the market places such a high valuation on Tesla?
Nah, stock market prices can get wild, and end up not indicative of actual value of the company.
Not directly, but sort of yes. It's more that when a company's valuation is so out of whack with it's fundamentals, it's a good indication the company is running on pure hype, and when that happens it's not uncommon for companies to crash and burn when the hype runs out.
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