Comment on Usage Of Elon Musk’s X Dropped 30% In The Last Year, Study Suggests
FaceDeer@fedia.io 8 months agoIt's important to note that "doing well financially" isn't just revenue and user count, it's also expenditures. If Twitter has managed to cut costs by more than whatever its income has dropped by then that could well be a good outcome for it, I've heard it wasn't profitable when Musk took it over.
It's kind of ironic how big companies are frequently criticized for fixating on "endless growth" and "line goes up", and then when a company or organization sheds that it also looks bad.
If “lines goes up” meant things get better for the customers, the employees, and the world in general, then people would be cheering it on. Usually it means it gets worse for at LEAST one of the three, and sometimes all 3.
Here, “line goes down” is following Twitter getting worse for the customers, the users, the employees, and the world in general. So people will cheer as it crashes.
I thought Twitter’s infrastructure was going to collapse within weeks after Musk made all those cuts and changes. I was obviously wrong because Twitter’s infrastructure didn’t collapse. I’m not speaking to the user experience on Twitter but from a purely infrastructure perspective, Musk was right and I was wrong.
Uh-oh, you said something positive about Musk. I only said "maybe he's not as bad as it seems" and look where that got me.
Lol exactly, how dare you have a nuanced opinion!
Twitter has 1.3 Billion / in interest payments alone as it took on $13,000,000,000 in debt for the honor of being bought out by Elon Musk.
The owners of that debt have been quaking in their boots all last year. As Bankruptcy proceedings would make them the new owner of Twitter.
circuscritic@lemmy.ca 8 months ago
There’s so much wrong with your understanding here…so I’ll just point out that you’re talking about Twitter as if it’s still a public company.
And Twitter was never profitable, and it was likely never going to be profitable. But there’s a big difference between their losses and profit projections before Musk, and after.
FaceDeer@fedia.io 8 months ago
Which are?