Elon Musk’s X can’t send Blue subscribers their ad revenue-sharing payouts on time
https://www.theverge.com/2023/8/4/23820859/x-twitter-ad-sharing-payment-unpaid-delay-elon-muskOpen linkView original on lemmy.ml502
Comments73https://www.theverge.com/2023/8/4/23820859/x-twitter-ad-sharing-payment-unpaid-delay-elon-muskOpen linkView original on lemmy.ml
But Musk has. It’s clear who is running things.
I wish I could get paid as much as a CEO to do nothing
She is giving Tom Wambsgans with Lukas Matsson, human punching bag vibes.
She’s like twitters version of Ellen Pao.
She probably does a lot and then musk inserts himself into random situations and fucks it up. She says "okay eng team build Foo" and then next week Elon goes on a rant and cancels Foo without consulting her.
the dead bird looks like sonic the hedgehog
...doing duck lips...
They look like his ears to me.
Gotta die fast!
He wants a kiss.
Advertising could be up two fold for all it matters. You sack a company that last turned an annual profit in 2019 with $44B in debt, it won't matter if Musk is shitting gold bricks. You can't pay that size of debt off fast enough. To just get started on that debt Musk would need to make Twitter twenty times more profitable than their 2019 profit. And even then that debt is going to be a monkey on his back for forty years in ideal conditions.
That $44B isn't chump change for Twitter, like maybe if Tencent took a sudden $44B debt they'd make good on it, but they're wildly profitable. Twitter barely gets by and has only gone on this long because of the Tech Bro funding that all but dried up when the interest rates were going up.
I can't wait to see how his offer to pay people's legal bills who get in trouble at work for saying problematic shit on his platform works out
Alot like Trumps promise to do the same thing would be my guess
The last thing Twitter needs right now is to find more clever and creative ways to spend money, especially on other peoples legal problems
Twitter wasnt saddled with 44B in debt, That was the purchase price, which included $13B in debt
only chance is if they go hardware i think (edit: have any of you heard of diversification)
what?
You know how some companies make vibrating dildos? Twitter should do that.
So it'll vibrate every time someone says "woke" on the platform?
They'll randomly go off in luggage so they get disposed of by a bomb squad?
Who said hardware can't be a valid recurring revenue model?
You know, like the Gavin Belson Signature Box III.
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Hardware? Hardware was never profitable. It's a gateway to spending more money on proprietary software.
Unless you're Nintendo, they have their cake and eat it too.
IDK, I imagine they're online service is pretty profitable.
They only make $40 on a switch, Sony took losses on PlayStations early on. They are selling services and software, let's be real.
Hardware... what?
Chat, banking, stock trades, and lawn mowers
Why don't Elon and Donald pay their bills?
Because "you don't get rich by paying your bills" according to them.
They were both born wealthy so it would be pretty stupid to listen to them explaining how to get rich, unless you were also born wealthy.
All you have to do is make coffee at home, don't eat avocado toast and work 25 hours a day. That way you can become a billionaire too.
Avocado toast has such power! It's strange that if I eat an avocado and toasted bread separately, there's no impact on my financial outlook, but the second I combine them, blammo!
If you’d be born wealthy, it would be pretty stupid to listen to them explaining how to get rich, unless you want to piss away your and your daddy‘s money. Elon hasn’t made it quite the way (but he is getting there), but Trump Sr. must be very disappointed.
From what I've read, trump's dad was every bit the sociopathic, evil, criminal, that trump is, he just wasn't a doofus like trump. So he probably pretty proud, except for the doofus, low-class part.
Oh, I didn’t mean „morally disappointed“, but disappointed in his inability to brutally grow the business instead of wasting his time with petty crimes.
https://en.m.wikipedia.org/wiki/Old_Man_Trump
He's is literally the wealthiest person in the world
https://youtu.be/iHfJRON3b-w
Enjoy 😉
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Good bot!
Because they're scum.
Grifters gonna grift
Because nobody makes them.
How does space x fit here, again? These are crazy people.
He cannot even manage to pay the rent due on the office space. Hardly a shocker that he's having trouble paying the revenue-sharing bills as well.
He can pay. He chooses not to, then acts like staying in SF is a grand show of loyalty (no one else will rent to him, he's a deadbeat).
He's pure gift who has managed to have companies that work despite him. He's the Zaphod Beeblebrox of business. But both heads are empty.
This is the most perfect description of him I've ever heard. Got a solid laugh out of it.
Should've said he'd pay them in
RedditCoinTwitterCash, so he can set his own withdrawal requirements and exchange rates.Elon can't deliver on a promise. I'm shocked.
Still waiting for the hyperloop…
FSD $20k Tesla Roadster 2 Cybertruck Solar Roof that costs same as new roof + solar panels Unmanned assembly line Etc
Twitter*
I have immense difficulty feeling sorry for any of the members of Elon's Rent-a-Fascist program. He's a huckster, everyone knows he's a huckster, and the people who don't or refuse to believe it will have to learn that lesson the hard way.
Can't or won't? It's won't. Elon could pump a couple of million in to supplement shortfalls within a day maximum, if he wanted to.
He doesn't want to and it would be really bad for him to involve his personal wealth in the company. They need to be separate when twitter goes bankrupt. It is also very unclear what his actual wealth is.
Weird. He was so good at paying his rent and other bills. /S
This is the best summary I could come up with:
In news that isn’t very surprising given the recent history of Twitter, which Elon Musk is currently rebranding to X, the company won’t be able to make some promised payments on time.
That’s not exactly what you’d want to hear from a program touting itself as “part of our effort to help people earn a living directly on X,” and the key to Elon Musk’s X dream for an app that handles banking, stock trading, and other vital financial features.
Musk announced the revenue-sharing plan in February, and the company sent out the first round of payments for eligible accounts (with paid verification via Twitter Blue or Verified organizations, 15 million “organic” impressions in the last three months, and at least 500 followers) a couple of weeks ago before opening up registration to more people.
However, hearing that payments aren’t arriving is familiar news to a number of people and organizations involved with X / Twitter since Musk’s takeover.
A Wall Street Journal article in February counted nine lawsuits covering $14 million in unpaid bills at the time.
In July, Musk tweeted about Twitter / X’s financial situation, saying, “We’re still negative cash flow, due to ~50% drop in advertising revenue plus heavy debt load.”
I'm a bot and I'm open source!
Elon is directly and personally responsible for both the acquisition of massive and unsustainable debt and for the cratering of cash flow through loss of advertisers.
But definitely trust them with your money! They're gonna be a bank!
lol Elon sucks.
This belongs in ![email protected]
Yes, please keep all the Elon shit nearly packed into one sub that I can block.
This looks like Sonic the Hedgehog
That's my offering
Enshittification continues…
no surprises here
Can someome post a meme of this dickwipe musk strangling a bird
Someone here got Stable Defusion skills? I bet that could look great in all kinds of styles!
Mac wants the flamethrower!
I hope this is sarcasm.
It is normal for features to be delayed in their launch. This feature has already been launched. I know it has been launched because for two days every rightoid grifter bragged about the money that was paid out in order to boost subscriptions for Elon. This is a case of not paying your bills. That is not normal, that is usually a Herald for bankruptcy.
Were you not aware that they are an unprofitable company that was just recently saddled with an unbelievably enormous sum of debt?