Elon Musk now owns 9.2% of twitter...update.. will soon be the sole owner as Board of Directors accepts his purchase offer

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manly

Lifer
Jan 25, 2000
11,025
2,146
126
gothuevos said:
The funny thing is ... they (the right) still aren't buying Teslas.
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IIRC this is not currently true. The main market right now in the U.S. for Tesla cars are wealthy people. And there are quite a few wealthy conservatives who are late to the game, but represent a growing share of Tesla purchases. On the flip side, I read Ars Technica comments (as I do here) and there appears to be significant demand destruction of "liberal" buyers of Teslas. IIRC you already see this show up in the order backlog and the company line of "we're selling every vehicle we can produce" could evaporate in 2023. They had to trim prices in China recently due to increased competition.

There are some upper middle-class early adopters of Tesla, but with an ASP of > $60k, there just aren't that many.

KMFJD said:
https://twitter.com/x/status/1588696157794242560

things are definitely not going well , they usually pre-sell around 600-900 million in ads for the following year at around this time, this year it's almost nothing

~ This means that instead of heading into 2023 with 15-20% of 2023 already secured as they typically would have, Twitter heads into next year with almost none of that. All because of Musk's red pilled edgelord approach.
Click to expand...
If we look at YouTube's large revenue miss, digital ads are slumping quickly so it isn't all Elon Musk's fault. Although he's certainly accelerated the process.

Also, LoC is a terrible metric to judge coders. But if you're firing up to 50% of your head count, then you're gonna make a lot of mistakes doing so. If the reporting is correct, they axed some entire divisions instead of deciding who is valuable or not. Elon also wants to significantly cut the computing infrastructure bill, leading to a less reliable service.
 
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K1052

K1052

Elite Member
Aug 21, 2003
46,046
33,093
136
manly said:
If we look at YouTube's large revenue miss, digital ads are slumping quickly so it isn't all Elon Musk's fault. Although he's certainly accelerated the process.
Click to expand...

His timing is almost biblically terrible and he is uniquely ill suited to personally put the marketing execs at ease.
 
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G

Greenman

Lifer
Oct 15, 1999
20,380
5,126
136
manly said:
IIRC this is not currently true. The main market right now in the U.S. for Tesla cars are wealthy people. And there are quite a few wealthy conservatives who are late to the game, but represent a growing share of Tesla purchases. On the flip side, I read Ars Technica comments (as I do here) and there appears to be significant demand destruction of "liberal" buyers of Teslas. IIRC you already see this show up in the order backlog and the company line of "we're selling every vehicle we can produce" could evaporate in 2023. They had to trim prices in China recently due to increased competition.

There are some upper middle-class early adopters of Tesla, but with an ASP of > $60k, there just aren't that many.


If we look at YouTube's large revenue miss, digital ads are slumping quickly so it isn't all Elon Musk's fault. Although he's certainly accelerated the process.

Also, LoC is a terrible metric to judge coders. But if you're firing up to 50% of your head count, then you're gonna make a lot of mistakes doing so. If the reporting is correct, they axed some entire divisions instead of deciding who is valuable or not. Elon also wants to significantly cut the computing infrastructure bill, leading to a less reliable service.
Click to expand...
Is coding an ongoing process at twitter? I just assumed (for no reason at all) that once it was done it was done. Maybe a couple guy's making little tweaks here and there.
 
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K

kt

Diamond Member
Apr 1, 2000
6,015
1,321
136
manly said:
If we look at YouTube's large revenue miss, digital ads are slumping quickly so it isn't all Elon Musk's fault. Although he's certainly accelerated the process.
Click to expand...
With the shit show going on at Twitter under Musk, it's a no brainer for companies to stop running ads there. It's a win win situation for them. Cut back on their marketing budget while receiving free advertisement from Elon Musk himself.
 
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Heartbreaker

Heartbreaker

Diamond Member
Apr 3, 2006
4,228
5,228
136
kt said:
With the shit show going on at Twitter under Musk, it's a no brainer for companies to stop running ads there. It's a win win situation for them. Cut back on their marketing budget while receiving free advertisement from Elon Musk himself.
Click to expand...

Or Win-Win-Win if it's a Car company that competes with Tesla (GM, VW). It's almost like Elon didn't realize the conflicts of interest owning Twitter would bring. I can't wait for China to start demanding Twitter control anything related to Taiwan/Hong Kong/China.
 
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MrSquished

MrSquished

Lifer
Jan 14, 2013
21,271
19,762
136
brycejones said:
Dudes a construction contractor of some kind. I'm not going to give him too much shit in this area.
Click to expand...

This is true but also just takes a bit of common sense. Do you know many software companies that just invent something and stop working on it? I mean that literally would mean IT departments would all be like 10% the size they are now for programmers and engineers. Which just doesn't make (common) sense.
 
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brycejones

Lifer
Oct 18, 2005
26,147
24,081
136
MrSquished said:
This is true but also just takes a bit of common sense. Do you know many software companies that just invent something and stop working on it? I mean that literally would mean IT departments would all be like 10% the size they are now for programmers and engineers. Which just doesn't make (common) sense.
Click to expand...
True common sense is a rare commodity.
 
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KMFJD

KMFJD

Lifer
Aug 11, 2005
29,191
42,303
136
sorry to derail, but curious, what would you use Assembly or Machine Code for now?
 
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cytg111

cytg111

Lifer
Mar 17, 2008
23,210
12,854
136
KMFJD said:
sorry to derail, but curious, what would you use Assembly or Machine Code for now?
Click to expand...

Mission critical optimizations, so 0.00001% of code. Edging out another 1% performance of your nvidia drivers, OS kernels, that sorts.

Cracks. You use assembly today for cracks and hacks.
 
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L

Leeea

Diamond Member
Apr 3, 2020
3,625
5,368
136
KMFJD said:
sorry to derail, but curious, what would you use Assembly or Machine Code for now?
Click to expand...
Hand tweaking.

Lets say you have a function you want to run faster. That one function can be converted to Assembly, with the rest of the program left as whatever language you want.

Considerable gain can be had doing this, if for example if the function is suitable, a programmer could implement avx512 for the function. Ideally 8x faster.
 
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L

Leeea

Diamond Member
Apr 3, 2020
3,625
5,368
136
Greenman said:
Is coding an ongoing process at twitter? I just assumed (for no reason at all) that once it was done it was done. Maybe a couple guy's making little tweaks here and there.
Click to expand...
yes

no

let my try an make an analogy:
Twitter starts off as a big building.

A bunch of users move in, they each get their own apartment, magic-ed up on the spot.

Advertiser rocks up, they want to put ads on the users walls. So that is added in.
Another advertiser rocks up, they want video ads on the users walls, so that is added in.
A beancounter says hi, points out video in h264 is x million cheaper, so that is added in.
Another beancounter says hi, points out video in h265 is x million cheaper, so that is added in.
User asks to be able to add videos, to that is added in.
Plumbing is to small now, all the pipes are redone with more volume.
Not enough space in the building! Building is rapidly made bigger.
Users are now not in the US! Buildings are made elsewhere.
Users elsewhere want to interact with users in the US, telephone lines are ran between buildings.
Roof is starting to leak, database out of date! Roof is fixed.
Using to much electricity, substations are installed in each building.
User has a riot, apartment needs to be deleted.
Many users start posting disturbing things, automated tools have to be created to deal with the mess.
Users adopt to automated tool, automated tools need to be modified.
Advertiser now wants interstitial ads! That is added in.
Advertiser only wants to advertise to young people, that is added in.
Users adopt to new automated content tools, more moderators have to be hired.
Government makes it illegal to only advertise to young people, feature is rewritten.
Government claims you need to allow people to opt out of 3rd party cookies, another method of tracking is added
To many users! System is crashing! Building foundations (database) have to be rebuilt!
New distributed database built, working, but issues need fixing.
Company is sold.
New owner wants to add subscriptions! billing, pci-dss, etc all have to be added. Massive project.
New owner wants subscribed users to be favored over normal, new elevators needed, content priority changes!
New owner wants less moderators! More automation implemented!
New owner wants less employees! Departments are eliminated, people are fired, including that one guy who knows the proper way to reset the AFCI breakers.
New features are implemented, less employees, less testing, but it works!
Odd bugs show up, emergency patch!
Lights go out. Quick, flip the mains!
Why did all the sub breakers flip?! What, we are still using add hoc wiring from version 1? Quick, flip them all back!
Not working, where is Bob the afci expert?
Screw it, lets just hot wire it!
What do you mean we have a fire? Data is just disappearing?
Why did we just charge Joe of Nebraska $6 a 150 million times? How?!
We have been hacked! All our user information is on the interwebs!
Why did VISA just discontinue our payment processing?
Where is the money to pay the electric bill!
Did the city just declare us unfit for habitation?
Why is the toilet not flushing?
 
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akugami

akugami

Diamond Member
Feb 14, 2005
5,662
1,852
136
KMFJD said:
https://twitter.com/x/status/1588696157794242560

things are definitely not going well , they usually pre-sell around 600-900 million in ads for the following year at around this time, this year it's almost nothing

~ This means that instead of heading into 2023 with 15-20% of 2023 already secured as they typically would have, Twitter heads into next year with almost none of that. All because of Musk's red pilled edgelord approach.
Click to expand...

So a company that lost over $1 billion in 2020, and hundreds of millions in 2021 is already down the hole by 15-20% for 2023? Yeah...

For all the cry about how Twitter was previously restricting free speech, corporations telling Elon Musk to go suck a rock by not paying for ads is free speech. They're letting Elon Musk know that they don't want to be part of a racist conspiracy filled shit-show that will damage their brand. Elon asked for freedom of speech, and corporations are exercising their freedom of speech. Don't like it Elon? Go fucking cry yourself to sleep, or actually turn Twitter into something positive.
 
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