hahahahah i’d like to see that nazi fuck try, see him wade through discovery, the ADL was built for this shit, it’s their very reason for being
He prefers to tilt at specially made windmills with sharpened fans.
The thing is the added complexity that the plaintiff is adding is just going to extend out the entire process. The filing indicates something like a 60% loss of ad revenue. Even if the case runs smooth as butter, there’s no way Musk can get access to the money he’s seeking in time to cover the massive loss plus the huge debt obligations he’s sacked the company with already.
There’s zero ways restitution from this case would ever give the company enough head above water quick enough to prevent drowning in debt.
Elon Musk said Monday that X, formerly known as Twitter, has “no choice” but to file a defamation lawsuit against the Anti-Defamation League amid an ongoing slump in advertising revenue.
“Based on what we’ve heard from advertisers, ADL seems to be responsible for most of our revenue loss,” Musk wrote on Monday. “Giving them maximum benefit of the doubt, I don’t see any scenario where they’re responsible for less than 10% of the value destruction, so ~$4 billion.”
How to avoid being antisemitic, step one: Don’t blame your incompetence and piss poor judgement on “the Jews.”
Elon Musk: D’oh!
So - Twitter has lost $40 billion in advertising revenue?
Sounds about right. Wonder how much more they can lose.
I’m no accountant, but I have to imagine when he’s talking about “value” it’s not exact loss of sales, but something more like “projected sales for the next 10 years” or something.
There’s no way Twitter, a company that was overvalued at $43 billion, was also making $40billion a year in advertising sales.
He needs to learn that just because he was stupid enough to buy it for $44B that doesn’t mean it was ever worth $44B.
He seems to be saying that the market value of Twitter is $40B less than what it was before stuff happened. “Value destruction” tends to be applied to “stock” (like market cap) rather than “flow” (like revenues).
He’s basically saying Twitter is worth $4B, given that he paid $44B and seems to be saying $40B of values was destroyed.
Losing $40B in less than a year is, uh, remarkable.
So he’s trying to blame Jewish folks for his retarded investment? What kind of mental gymnastics do you have to do to wind up there?
What kind of mental gymnastics do you have to do to wind up there?
Remember, he grew up a rich white boy in full apartheid South Africa, and never matured beyond that. He has no ability for self-reflection or introspection. Which means he’s never wrong, so someone else must be to blame. So far, that’s included religious, racial, and sexual minorities. He’s only going to grow more deranged as time goes on.
The kind of gymnastics that apparently develop when you’re stupid rich and think you know better than everybody because you “made” some really smart-sounding companies.
AKA being a stupid entitled piece-of-shit.
If it was never worth $40B, it can’t have lost $40B in value. . .
Twitter stockholders collectively received $44B from Musk on October 27. So, yes, Twitter was worth $44B at that moment. And, yes, it’s also true that Musk grossly overpaid for a company probably worth around $10B because he made the most costly “420” joke in history. Both statements are simultaneously true.
Step 2: If you ban someone who says they’re an antisemite/white supremacist, don’t unban them in response to criticism that you’re being antisemitic.
For context, this all started Thursday when the ADL xeeted that is had a “frank and productive” conversation with X’s CEO. She replied with some warm and fuzzy PR bullshit about working together to improve the platform blah blah blah. But the right wing nutjobs weren’t happy with the implication that X was in anyway cooperating with the ADL and there was immediate backlash. “Ban the ADL” became a trending hashtag, because, according to the racist majority on X, the ADL is the actual hate group and they pressure advertisers who in turn pressure platforms to “ban free speech.” Musk, always quick to undermine the sad sack holding the title “CEO” jumped on that bandwagon and been xeeting about it all weekend, threatening to ban them, generally talking trash, and now threatening to sue.
I find it depressing that I’m aware of all this.
they pressure advertisers who in turn pressure platforms to “ban free speech.”
This argument of theirs is so strange. Don’t advertisers too have free speech? Is the right wing arguing that advertisers shouldn’t be allowed to choose to stop advertising with Twitter? What “pressure” can ADL put on them? Does the ADL have legal authority to force advertisers to exit Twitter? No. Is the ADL holding private information about the CEOs of advertisers and extorting the advertisers to leave? Not likely.
Is the ADL communicating a position that the majority of the advertiser’s customers find the racist, fascist, and misogynistic content now omnipresent on Twitter distasteful, and therefore harmful to the advertisers’ brands and with negative impacts to future sales? Likely yes, but those statements are themselves free speech on the part of the ADL.
What the right wing seems to be arguing is that the definition of free speech should be the right to say whatever racist, fascist, and misogynistic comments they like without anyone making choices of their own to dissociate with the right wing. That’s not free speech that’s…fascism!
Honestly? Musk might be so used to big business wining in court that he thinks they might just reflexively take his side.
It’s never ok to hurt somebody’s business just because you disagree with them giving free speech to everybody. The ADL should pay Elon for the damage they did to his business
Why not? It’s free speech if I denounce a business for their positions, is it not?
Or are you saying you disagree with free speech?
No, that’s not free speech. Free speech is supposed to be for protecting businesses, not for hurting them. If you hurt somebody’s business, you gotta pay for that. Freedom isn’t free.
Ok, you got me, I should have read your username lmao
Excellent satire
Perhaps ironically it is the ADLs free speech that allows them to show advertisers what is posted on elons website. Further irony can be found in the fact that a screenshot of elsons website showing bigoted posts is an example of fact and not of feelings. Moreover: crying about your lost ad revenue is feelings and blaming the ADL for it is not facts.
Don’t advertisers too have free speech?
I remember around 2020, a lot of freethinkers began spouting something about how Twitter is “a platform not a publisher” and therefore users are entitled to treat the website like a public meeting place and protected by first amendment rights, etc.
It was basically a Soverign Citizen argument about how Section 230 means websites don’t have the authority to moderate content at all, and it died down after Trump stopped preaching it after he launched Truth
Some articles about the notion:
https://www.eff.org/deeplinks/2018/04/no-section-230-does-not-require-platforms-be-neutral
https://www.eff.org/deeplinks/2020/12/publisher-or-platform-it-doesnt-matter
I remember around 2020, a lot of freethinkers began spouting something about how Twitter is “a platform not a publisher” and therefore users are entitled to treat the website like a public meeting place and protected by first amendment rights, etc.
I think you’re taking that quote of mine with an unintended meaning. I didn’t mean to suggest advertisers have right to post what they want, rather they have the choice to NOT post if they don’t want to. The right-wing argument appears to suggest that advertisers should be powerless to choose or not choose to advertise. Suggesting they are wheat to be harvested. A resource owned by the company they are purchasing advertising from; its a bizarre notion.
It’s hard to take that seriously when you use “xeeted”.
The whole website needs to be xeeted out of xistence at this point.
I call them x-cretions. So you x-crete them.
Reminds me of hearing zeeted and zooted all the time on Dota back in the day
I almost feel bad for the new “CEO”. It really seems like she’s doing her best to give the impression that Twitter is still a sane company with reasonable business practices, only for Elon to completely disregard her messaging and do the exact opposite.
I would feel bad if it wasn’t obvious that Musk would do this. It is impossible for him to control himself. He can’t help to put his dumbass opinion in the mix, no matter how much it hurts him personally and professionally. It’s the reason he was forced to buy Twitter in the first place.
Drop me in her seat for 7 figures with a nice kick-out clause (no stock, please) and I’ll pretend Xitter is a wholesome, thoughtful, productive corporate citizen, too.
That too. Assuming she is getting paid and not screwed like some of Twitter’s former employees, I’m sure she can cry into her pile of money.
She’s doing exactly what she was hired to do.
she’s a ‘ceo’ like the barista at starbucks is a ‘manager’.
It’s a shitty position to be in so I almost feel bad as well, except literally everyone knew this was going to happen when she joined. But I doubt she thought, “What’s the worst that could happen? I have a bland conversation with the ADL, and Musk spends the weekend retweeting self deacribed antisemites and threatening to ban/sue the ADL?”
She is scheduled to be at the Code Conference hosted by the Verge/Vox at the end of September. I’m really interested in how she answers when asked about being undermined, especially now that the undermining has taken the form of her boss just being an outright antisemite.
“Look he’s not an antisemite, he just thinks antisemitic people should have free speech, but not anyone pointing out that he thinks that”
He proved the ADL’s point too by unbanning avowed racists she supremacists.
Shut up Elon, you unfuckable, racist, dork.
Lmao his ten kids would be evidence to the contrary
It’s evidence that his money is fuckable, not him.
And even then, at least one person has said “not even if you were the richest man alive”.
Pretty sure all his kids were IVF, so he may in fact be technically unfuckable.
Really?
Yeppers, it’s The Boys from Brazil all the way down in the Musk household.
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One of the oldest most experienced groups at litigation against hate and defamation will have a field day with this. I would not be surprised to see X owing the ADL damages if Musk actually follows through.
This is as nearsighted as DeSantis starting legal battle with Disney.
This is as nearsighted as DeSantis starting legal battle with Disney.
I’m so for it
“You made me do it”! yells the abuser. This
utter fucknutpsychopathic narcissist can’t possibly consider that the lost ad revenue has anything to do with his turning twitter into 4chan.Don’t you mean xchan?
I prefer (√-1)chan.
Isn’t that exclusively for Apple users?
Lol wat? 4chan is heaps better than twitter. There’s no cults of personality for example (well, there’s Chris Chan and Moot, but both were objects of fun ridicule). Attentin whoring ala twitter will net you a lot of shit too.
There’s no cults of personality for example (well, there’s Chris Chan and Moot, but both were objects of fun ridicule).
This just perfectly encapsulates how little you know about 4chan, likely from some outdated youtube opinion piece about how its edgier and cooler than le normie websites
Like, literally use any board for 5 minutes and tell me how many times Chris-chan or moot is being discussed, let alone anything approaching a cult of personality.
4chan is the single easiest social media to manipulate. You don’t have to have legitimate looking user accounts. You don’t have to post from different places. You don’t even really have to make sense.
You can just spam your narrative as much as you want.
That poor Chris Chan. Driven to madness by asshole 4channers.
Seriously 4chan is chaos but c’mon.
lmao cry about it, Mr Melon.
Hey now it’s not nice to refer to someone by the shape of their face!
Just kidding, get fucked Musk.
He is remarkably bad at running a business for a billionaire.
That’s because he’s not and never was a businessman. He’s a tech guy who got super lucky and became filthy rich. Musk builds and designs shit, he doesn’t know squat about running a company. He should stick to playing with his rockets and making new roadsters. This whole CEO foray has turned out real bad.
He’s not even a tech guy. He inherited his money, and then lucked into a couple jobs with actual tech guys that he could take the credit for. His entire career has been built around buying other tech companies that were just taking off, pushing the original founders out, and then taking credit for everything everyone else did.
… lucked into a couple jobs …
Strongarmed his way into other people’s success, then slapped his name on it and claimed it as his own.
Musk builds and designs shit
Musk attaches his name to things others have built and designed.
He wishes he was a tech guy. He just piggybacks off of everyone else. He’s a leech, a parasite.
What’s crazy is that he had fooled a lot of people into thinking he was a tech guy with a very carefully crafted image, but he threw it all away to help the alt right
As surprising as it may sound, most billionaires do not arrive there through competence. They get there by way of inheritance and privilege.
And lucky timing.
Is bezos an exception?
How? That’s exactly lucky timing.
Lucky timing is: being a white guy growing up in the 70s/80s America.
Besides that, if you look at the company he started. It started selling books, but he always wanted to sell other stuff. His shareholder letters describe his vision from the very first one and it is consistent. It didn’t change over time. They company got lucky, they talk about prime being a fluke all the time. But on the other hand, the culture in the company was something that supported a fluke like that to bubble up through the idea pond.
Any who, yea. I don’t care for the person that the media portrays him as today. But for his initial years I absolutely give him a lot of credit.
I haven’t heard off Amazon being built on stolen ideas or usurping someone else’s company or being born with a silver spoon.
Yes he was a white male in America in the 70s and has all the privilege associated with that, but there were like another 50 million in that category.
It’s more about launching a company right when internet purchases took off. People tried before, but the timing wasn’t right. He had the right skill set, at the right time, and it took off.
Why does he hate free speech so much?
He’s like one step away from claiming the Jews control the world’s money supply.
I’m actually surprised he’s not crossed that bridge. I do find it interesting to have a billionaire that doesn’t even bother to pay lip service to being a civil human being but is just a massive racist tool.
But you know what if he met these people irl he’d get along fine with them I bet and there wouldn’t be these unhinged outbursts. He’s a complete paper tiger suffering a case of being terminally online because he thinks it’s his job (it isn’t).
Maybe he’s taking something either prescribed or recreationally that has him perpetually on a knife edge like this.
Meth. The Nazi designer drug.
Didn’t Elon bring this on himself by keeping the Nazis though ?
Not even keeping, explicitly adding them back and unbanning them, and letting them make decisions to ban leftists who spoke out against it (andy ngo recommending people to the chopping block comes to mind)
Not only keeping but returning en masse.
yes.
What a fucking loser.
Can we stop posting this fucking douche?
Can we stop posting this fucking douche?
Feel free to ignore news you aren’t interested in. The sad reality is that Elon Musk is relevant and his actions have real effects on people. Bury your head in the sand if you like but don’t expect me to join you.
And here you are making him more relevant. If people ignore twitter, it fucking dies.
What makes you think talking about him on Lemmy will have any effect on Twitter? Most of us aren’t even on Twitter.
Things that are only relevant, because they are relevant, are not actually relevant. It’s fluff dressed in a suite.
Like they say, fashion is only fashionable because others thinks others thinks it’s fashionable.
As long as everyone keeps talking about Musk all over the place, he’ll keep coming out at top.
I’m pretty sure he’s on top because he’s the richest man in the world and ignoring him won’t change that.
he isn’t the richest man in the world. his “wealth” is stock. not actual money. and he can’t actually use that for anything but leverage.
he is small fry in the world of the actually rich; people just give him the limelight because of notoriety.
I’m pretty sure that’s how it goes for most wealthy people. It’s all tied up in assets, not liquid cash. Investing your money is always better for growth in the long term.
He’s in the news because he’s become a laughingstock. All news isn’t good news. I certainly don’t think he wants news that continues to convince people that he’s an utter idiot and waste of space.
He’s so wealthy he could personally go to your neighborhood and “Mansa Musa” your place into inflation. He could just drop $10,000,000 per person to get up and leave whatever square mile surrounding your residence right now.
Assuming avg population density for a city in the US that’s only $2.8billion (~280 ppl/mile in cities). Not even a scratch to his total net worth.
A single person with that much wealth and power doesn’t require any attention to retain it. He’ll keep coming out on top because it’s nearly impossible not to when you reach a large enough number.
he doesn’t actually have his wealth. it’s estimated stock value; which would cascade to nothing the minute he tries to extract it. all he can do is borrow with stock as leverage; which would net him a lot of money sure; but there is no way they would approve billions in a loan unless he is very very specific on the investment goal.
Okay we’re done here. You’re contributing nothing to the conversation and I wasted enough time arguing with fools on reddit, I’m not going to do it here.
Imagine thinking this is still (or ever was) just about twitter, or that if you simply starve the richest fascist on the planet of attention he will just go away… 🤦♀️
I don’t know if he’ll go away but he is showing alot of attention seeking behavior and admittedly we’re giving it to him.
Yeah… if.
Aren’t, tho.
“Free speech absolutist”
Oh he’s a free speech absolutist, alright! Free speech absolutely begins and ends with his personal views and those he finds agreeable.
It occurs to me that I’ve never heard of an absolutist that wasn’t a hypocrite in some way. They can excuse white supremacy and Nazis, but they draw the line at either being personally attacked or held accountable.
He’s suing the anti-defamation league for… defamation. Is this a YouTube prank?
