this post was submitted on 25 Jan 2025
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370
Elon Musk email to X staff: ‘we’re barely breaking even’ (www.theverge.com)
submitted 2 days ago by cm0002@lemmy.world to c/technology@lemmy.world
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[–] DaddleDew@lemmy.world 318 points 2 days ago* (last edited 2 days ago) (5 children)
  • Claims in an interview that he is qualified to handle a social media company on the internet because he has "put internet in space"
  • Buys a financially struggling company for way too much money
  • Dismantles everything that made it attractive
  • Insults and fires the most competent employees who are trying to stop him from destroying the platform
  • Doesn't pay the employees he fired owed severance, further discouraging the best of the workforce from ever applying to work there
  • Turned it into something so repulsive and toxic that the users and advertisers start to leave
  • Told the advertisers to "go fuck themselves"
  • Tried to sue the advertisers into returning, further discouraging any new advertiser from ever doing business with him
  • Destroys the brand recognition by renaming it to a letter of the alphabet he personally likes but nobody else gives a crap about
  • Abuses his admin powers to steal a handle with the name he wanted from its owner, further eroding the user's trust in him handling the platform
  • Continues ruining the platform, turning it into his personal soap box to push his (toxic) ideas and abuses his powers to reduce the visibility of those he doesn't like while claiming to be radically pro-free speech.
  • Alternative platforms have gained momentum and have reached critical mass and will soon become the new default platform people will flock to. High profile users leave.
  • Whines and bitches about the company not making any money.

Hey guys, I'm starting to think that this guy's fortune has absolutely nothing to do with his skills at running a business

[–] phoenixz@lemmy.ca 4 points 1 day ago

You forgot the part where couchefucker Vance threatened Europe to pull out of NATO if Europe wouldn't stop suing and leaving twatter

That paragraph above would normally be so bizarre that it wouldn't even make it to TV for being too... Out there... But this is the timeline we're in now, this is the new normal

[–] VindictiveJudge@lemmy.world 95 points 2 days ago (4 children)

Destroys the brand recognition by renaming it to a letter of the alphabet he personally likes but nobody else gives a crap about

I'm beginning to suspect he only likes that letter because it's the middle part of a swastika.

[–] monotremata@lemmy.ca 49 points 1 day ago (1 children)

Hey, it's not just that! It's also decimal 88 in the ASCII table.

[–] Petter1@lemm.ee 15 points 1 day ago (1 children)

🫣I see!

Elon uses X as ASCII 88 and Proton CEO uses 1011000 as binary ASCII

What about all these Nazi people everywhere suddenly?!

[–] Evotech@lemmy.world 14 points 1 day ago* (last edited 1 day ago) (1 children)

In pretty sure Andy is born in 1988 to be fair

[–] Petter1@lemm.ee 4 points 1 day ago

Oh, I see

[–] jaschen@lemm.ee 12 points 2 days ago

Oh shit. I didn't think of that. That's probably why.

[–] Sonor@lemmy.world 5 points 1 day ago

Let’s call it a musktika

[–] NeoNachtwaechter@lemmy.world 48 points 2 days ago (2 children)

Hey guys, I'm starting to think that this guy's fortune has absolutely nothing to do with his skills at running a business

Great summary btw. and you are absolutely right here. He is a terrible manager.

Remember the time when he slept at the Tesla factory just because he didn't trust anybody and thought he himself must rescue it all by working so much overtime and make all the decisions.

[–] btaf45@lemmy.world 7 points 1 day ago

He is a terrible manager.

I still can't get over how Musk told computer programmers to print out hardcopies of all their source changes, and then fly to Musk's city to show him the hardcopy. That alone proves Musk is the dumbest CEO of all time.

[–] GladiusB@lemmy.world 31 points 1 day ago

Probably because his wife kicked him out for being an asshole.

[–] ThePowerOfGeek@lemmy.world 22 points 2 days ago

Did you include the whole 'verified' tag fiasco in your list? I didn't see it explicitly in there, but maybe it falls under a general functionality fuck-up point.

[–] TheFriar@lemm.ee 15 points 2 days ago (2 children)

What was the username he stole? Don’t remember that one

Also, don’t forget the disastrous rollout of the blue checks when a few people imitated companies and said Lockheed wouldn’t be doing business with Israel and a few others. But I guess that was the best thing he did, honestly, because that shit was hilarious.

[–] Wiz@midwest.social 19 points 2 days ago

I believe he took user name 'x' because he wanted it.