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Re: Evening Metaverse
Dec 22, 2022, 16:45
7.
Re: Evening Metaverse Dec 22, 2022, 16:45
Dec 22, 2022, 16:45
 
Do the math. Costs of $5.6m with a loss of $220m means revenue of $5.4 billion. If they were on course to spend $5b, then even if revenue didn't grow at all, they would have had a profit of $400m this year. So Elon managed to take a company that was on track to be profitible this year and hurtled it towards bankruptcy.
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Re: Evening Metaverse
Dec 22, 2022, 11:30
6.
Re: Evening Metaverse Dec 22, 2022, 11:30
Dec 22, 2022, 11:30
 
Kajetan wrote on Dec 22, 2022, 10:16:
Twitter had an anual negative cash flow of around $200 mio.

Musk lies again. Or he is absolute clueless. Or both.

"He said that the platform had been on course to spend about $5 billion in 2023. Overall costs at Twitter in 2021, the last annual period that the company reported before being taken private, were $5.6 billion, during which time it made a net loss of $221 million."

Cash flow and net loss aren't the same thing.

Twitter, despite Elon, is in fact messed up beyond belief at the company level.
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Re: Evening Metaverse
Dec 22, 2022, 10:16
5.
Re: Evening Metaverse Dec 22, 2022, 10:16
Dec 22, 2022, 10:16
 
Twitter had an anual negative cash flow of around $200 mio.

Musk lies again. Or he is absolute clueless. Or both.
4.
 
Re: Evening Metaverse
Dec 22, 2022, 09:14
4.
Re: Evening Metaverse Dec 22, 2022, 09:14
Dec 22, 2022, 09:14
 
"The only way to combat 3 billion in negative cash flow was to cater to extremists and fire half our staff, including our advertising teams, so now we've lost half our revenue..."
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Re: Evening Metaverse
Dec 22, 2022, 08:34
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Re: Evening Metaverse Dec 22, 2022, 08:34
Dec 22, 2022, 08:34
 
I really hope Twitter will make Elon poor.
“I am not a Mac user unless under duress.” - John Carmack
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2.
 
Re: Evening Metaverse
Dec 21, 2022, 21:32
Dev
2.
Re: Evening Metaverse Dec 21, 2022, 21:32
Dec 21, 2022, 21:32
Dev
 
RedEye9 wrote on Dec 21, 2022, 20:05:
Adam Conover just hit the nail on the head.
Elon Musk Is An Idiot (and so are Zuck and SBF) https://youtu.be/oVj4kZF-Fgk
I think a lot of innovators in history have been on the line between nuts and genius.
And a lot of them are in the right place at the right time and their narcissism running over people gets them ahead.
Zuck has clearly shown he's not much of a genius though.
1.
 
Re: Evening Metaverse
Dec 21, 2022, 20:05
1.
Re: Evening Metaverse Dec 21, 2022, 20:05
Dec 21, 2022, 20:05
 
Adam Conover just hit the nail on the head.
Elon Musk Is An Idiot (and so are Zuck and SBF) https://youtu.be/oVj4kZF-Fgk
"I expect death to be nothingness and by removing from me all possible fears of death, I am thankful to atheism." Isaac Asimov
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