Bonum Certa Men Certa

Elon Musk is Buying a Dying Train Wreck Tomorrow (Twitter)



Video download link | md5sum 261359f77eb56782bd80069121b82f96 Twitter is in Trouble and Mass Layoffs Loom: Twitter is Concerned That Its Most Valuable Users Quit in Droves Creative Commons Attribution-No Derivative Works 4.0



Summary: The disingenuous takeover by Elon Musk and associates (including the Saudi 'royal' family, in dire need of reputation laundering) is a disaster in the making; Twitter is going to die even faster than before

THE thing every lawyer can understand is how contracts work. When Mr. Musk decided to buy Twitter he actually committed to buying it. He would have to find very exceptional and valid circumstances to bail out of the legal committal ("buyer's remorse" isn't a legally valid reason). Twitter knows it. That's why Twitter sued. He is now compelled to buy something he knows to be worthless (even a Twitter whistleblower has since then confirmed it) and he plans to lay off about 75% of the staff after the transaction completes! Tomorrow apparently (based on report). No wonder Twitter staff is in a state of panic and this will certainly impact morale, hence operations.



Twitter is a dead man walking or a zombie site. After losing money year after year for like a decade it still cannot find a way to sustain itself. Musk won't change this. Musk is a master of grifting, not business. He knows how to steal (or pocket) taxpayers' money.

"Musk is a master of grifting, not business. He knows how to steal (or pocket) taxpayers' money."If press reports are correct, Musk and the Saudis still want a dying platform, or maybe they just have no choice (because of a legal commitment made previously on the SEC record, not verbally/orally).

Why would anyone want to buy such a company? It's a liability, not an asset. Crazy Kanye West (buying Parler) has no clue what to do with his money, Musk is trying to become a cult leader, and logic is thrown out the window! Impulsive behaviour.

Facebook's shares fell to about 100 dollars this week (down from almost 400), so the bubble of social control media is clearly imploding. Musk et al are overpaying and they know it. Too late, they have no choice...

"Why would anyone want to buy such a company?"As for Facebook, it's trying to cling onto Microsoft for survival, just like Netflix. There seems to be not much of a future there ("metaverse" is pure hype, not a business plan).

Shown and discussed in the video above are two articles [1, 2].

"Twitter was all along some temporary home. It's certainly not a place for journalism and the Library of Congress dumped it (no more archiving) quite a few years ago.""Heavy tweeters have been in "absolute decline" since the pandemic began, a Twitter researcher wrote in an internal document titled “Where did the Tweeters Go?”," says the more authoritative and "Exclusive" report. After posting 951,000+ tweets I quit Twitter, so I must be one of those "heavy tweeters" that they lost. In the golden days of Twitter I could get about 25 million impressions in a month, but now (after leaving) all my old tweets combined are just north of 10 thousand views per month. That's the thing about social control media; it only gives visibility to new stuff while old stuff ages poorly.

Let's hope Twitter will be gone in the next 5 or 10 years. Many of these so-called "heavy tweeters" probably won't miss it and won't shed a tear when all their past writings go offline. Twitter was all along some temporary home. It's certainly not a place for journalism and the Library of Congress dumped it (no more archiving) quite a few years ago.

Recent Techrights' Posts

SoylentNews Grows Up, Registers as a Business, Site Traffic Reportedly Grows
More people realise that social control media may in fact be a passing fad
 
Richard Stallman's Talks in Switzerland This Week
We need to put an end to 'cancer culture'; it's trying to kill people and it is even swatting people
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Thursday, March 28, 2024
IRC logs for Thursday, March 28, 2024
[Meme] EPO's New Ways of Working (NWoW), a.k.a. You Don't Even Get a Desk at Work and Cannot be Near Known Colleagues
Seems more like union-busting (divide and rule)
Hiding Microsoft's Culpability in Security Breaches and Other Major Blunders (in the United Kingdom, This May Mean You Can't Get Food)
Total Cost of Ownership (TCO) is vast
Giving back to the community
Reprinted with permission from Daniel Pocock
Links 28/03/2024: Sega, Nintendo, and Bell Layoffs
Links for the day
Open letter to the ACM regarding Codes of Conduct impersonating the Code of Ethics
Reprinted with permission from Daniel Pocock
With 9 Mentions of Azure In Its Latest Blog Post, Canonical is Again Promoting Microsoft and Intel Vendor Lock-in, Surveillance, Back Doors, Considerable Power Waste, and Defects That Cannot be Fixed
Microsoft did not even have to buy Canonical (for Canonical to act like it happened)
Links 28/03/2024: GAFAM Replacing Full-Time Workers With Interns Now
Links for the day
Consent & Debian's illegitimate constitution
Reprinted with permission from Daniel Pocock
The Time Our Server Host Died in a Car Accident
If Debian has internal problems, then they need to be illuminated and then tackled, at the very least in order to ensure we do not end up with "Deadian"
China's New 'IT' Rules Are a Massive Headache for Microsoft
On the issue of China we're neutral except when it comes to human rights issues
Over at Tux Machines...
GNU/Linux news for the past day
IRC Proceedings: Wednesday, March 27, 2024
IRC logs for Wednesday, March 27, 2024
WeMakeFedora.org: harassment decision, victory for volunteers and Fedora Foundations
Reprinted with permission from Daniel Pocock
Links 27/03/2024: Terrorism Grows in Africa, Unemployment in Finland Rose Sharply in a Year, Chinese Aggression Escalates
Links for the day
Links 27/03/2024: Ericsson and Tencent Layoffs
Links for the day
Amid Online Reports of XBox Sales Collapsing, Mass Layoffs in More Teams, and Windows Making Things Worse (Admission of Losses, Rumours About XBox Canceled as a Hardware Unit)...
Windows has loads of issues, also as a gaming platform
Links 27/03/2024: BBC Resorts to CG Cruft, Akamai Blocking Blunders in Piracy Shield
Links for the day
Android Approaches 90% of the Operating Systems Market in Chad (Windows Down From 99.5% 15 Years Ago to Just 2.5% Right Now)
Windows is down to about 2% on the Web-connected client side as measured by statCounter
Sainsbury's: Let Them Eat Yoghurts (and Microsoft Downtimes When They Need Proper Food)
a social control media 'scandal' this week
IRC Proceedings: Tuesday, March 26, 2024
IRC logs for Tuesday, March 26, 2024
Over at Tux Machines...
GNU/Linux news for the past day
Windows/Client at Microsoft Falling Sharply (Well Over 10% Decline Every Quarter), So For His Next Trick the Ponzi in Chief Merges Units, Spices Everything Up With "AI"
Hiding the steep decline of Windows/Client at Microsoft?
Free technology in housing and construction
Reprinted with permission from Daniel Pocock
We Need Open Standards With Free Software Implementations, Not "Interoperability" Alone
Sadly we're confronting misguided managers and a bunch of clowns trying to herd us all - sometimes without consent - into "clown computing"
Microsoft's Collapse in the Web Server Space Continued This Month
Microsoft is the "2%", just like Windows in some countries