I think he knows it is a money pit that will never be profitable so is intentionally trying to kill it. It will never make him money only cost him money. He can’t just shut it down without seriously damaging what credibility he has left. Seriously, what are his options to stop this ‘money leak?’
Yup. That has to be it honestly. I’ve mulled it over a lot and if Musk knows a single thing it’s finance. These moves have all been financial. Twitter, I suspect, was not profitable when he bought it. Rather than admit he did a mistake, he tank it. Tracks with his egomaniacal moves so far.
Well, he could try to actually make it a usable platform and offer features people might be willing to pay for?
Think about it, this blue checkmark subscription would have absolutely worked two years ago. You have to prove who you are, pay 10 bucks a month and then you’ll get the checkmark. A lot of people and institutions would have done that.
Offering advanced, paid features for professionals might also help. Like user management or thread based user mappings, so that large accounts can get management by a team efficiently. Companies are definitely willing to pay substantial amounts of money for things like that.
Could he though? I don’t think he is that smart. He has smart people running his other companies, but he is running the show at twitter. I think this is us seeing him fail when left on his own.
I think he knows it is a money pit that will never be profitable so is intentionally trying to kill it. It will never make him money only cost him money. He can’t just shut it down without seriously damaging what credibility he has left. Seriously, what are his options to stop this ‘money leak?’
Yup. That has to be it honestly. I’ve mulled it over a lot and if Musk knows a single thing it’s finance. These moves have all been financial. Twitter, I suspect, was not profitable when he bought it. Rather than admit he did a mistake, he tank it. Tracks with his egomaniacal moves so far.
Well, he could try to actually make it a usable platform and offer features people might be willing to pay for?
Think about it, this blue checkmark subscription would have absolutely worked two years ago. You have to prove who you are, pay 10 bucks a month and then you’ll get the checkmark. A lot of people and institutions would have done that.
Offering advanced, paid features for professionals might also help. Like user management or thread based user mappings, so that large accounts can get management by a team efficiently. Companies are definitely willing to pay substantial amounts of money for things like that.
Could he though? I don’t think he is that smart. He has smart people running his other companies, but he is running the show at twitter. I think this is us seeing him fail when left on his own.
That is not the question. He does have option, whether he is willing and able to realize them, is another question.
Anyway, unless there is some serious change of policy (and realistically, ownership) happening over a Twitter, is will slowly die off.
The first thing he did at Twitter (as it was called back then) was to fire most developers. There’s no way he can introduce significant new features.
I think shuttering it would have saved more of his credibility than whatever the fuck this is he’s doing.