this post was submitted on 25 Jan 2025
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Elon Musk email to X staff: ‘we’re barely breaking even’ (www.theverge.com)
submitted 5 months ago by cm0002@lemmy.world to c/technology@lemmy.world
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[–] DaddleDew@lemmy.world 326 points 5 months ago* (last edited 5 months ago) (16 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

[–] TheFriar@lemm.ee 15 points 5 months 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 5 months ago

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

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