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Chronicles

The story behind the story

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General Motors suspends its paid advertising on Twitter as the car company evaluates the “direction of the platform under their new ownership”

A General Motors sign is seen during an event on January 25, 2022 in Lansing, Michigan.  - General Motors will create 4,000 new jobs …

CNBC

Discussion

  • @advashutoshbjp @advashutoshbjp on x
    BREAKING: Vijaya Gadde, woke head of Twitter legal policy, who arranged Twitter CEO's meet-up with JNU wokes, shadow banned Hindu accounts and suspended Donald Trump's account fired from Twitter by Elon Musk! Congratulations guys @elonmusk officially takes control of Twitter!🙌
  • @binance @binance on x
    gm twitter https://twitter.com/...
  • @dmarti Don Marti on x
    GM can separate their brand from Twitter, Tesla can't https://twitter.com/...
  • @mmasnick Mike Masnick on x
    Ah. Consequences. https://twitter.com/...
  • @tomaxwell Thomas Maxwell on x
    GM says this is pretty normal operating behavior when a media platform goes through a major change https://twitter.com/...
  • @theepurity @theepurity on x
    Y'all. This is why we should retweet & broadcast expert analysis of what's happening post-EM. To make it work, he needs these advertisers. To get the advertisers, he needs moderators. https://twitter.com/...
  • @patrickmcgee_ Patrick McGee on x
    @Techmeme My assumption is they don't want to be giving money to the CEO of their biggest EV rival.
  • @andrewbeckusa Andrew Beck on x
    Considering I've been seeing ads for their electric cars everywhere on Twitter this could be more about not wanting to give their money indirectly to the category leader. https://twitter.com/...
  • @mollyjongfast Molly Jong-Fast on x
    Congratulations Elon https://www.cnbc.com/...
  • @chiproytx Chip Roy on x
    Totally fine with it before. https://twitter.com/...
  • @jyarow Jay Yarow on x
    GM did this ahead of the Facebook IPO too. https://twitter.com/...
  • @tomcoates Tom Coates on x
    This is the point where the advertisers start clamping down on Twitter, putting pressure on Musk to actually enforce fairly mainstream standards of content moderation that he'd pledged to throw out. https://twitter.com/...
  • @edzitron Ed Zitron on x
    Parag Agrawal basically pulled off an episode of Leverage on Elon Musk. He's walking away right now incredibly rich and there's some jazzy baseline going on https://twitter.com/...
  • @aallan Alasdair Allan on x
    There's always a winner. It just might not be the person you think it is? https://twitter.com/...
  • @csilverandgold @csilverandgold on x
    Yeah there is literally no conceivable angle from which he looks bad coming out of this. :/ https://twitter.com/...
  • @ggreeneva Greg Greene on x
    “[People] say Hova is over, big dummies / Even if I fell, I'd land on a bunch of money / Y'all ain't got nothin' for me.” - Jay-Z, “Success,” 2007 — That, but for Twitter's ex-CEO. https://twitter.com/...
  • @ericwallerstein Eric Wallerstein on x
    Attn: $TWTR Shareholders You'll receive $54.20 for each share of Twitter Inc. on **Monday, Oct. 31.** source: Fidelity @WSJmarkets https://www.wsj.com/...
  • @drewharwell Drew Harwell on x
    @elonmusk “Let the good times roll” https://twitter.com/...
  • @seanspicer Sean Spicer on x
    Its possible the spokespeople didn't respond because he fired them too @elonmusk Buys @Twitter, Fires CEO and CFO via @WSJ https://www.wsj.com/...
  • @dbreunig Drew Breunig on x
    Yes, the guy who couldn't fix Twitter and was notoriously absent had a handle on it. https://twitter.com/...
  • @srussolillo Steven Russolillo on x
    The final grade on Twitter's nine years as a public company: underwhelming. $TWTR doubled during its tenure as a listed company, equal to an 8.4% growth a year. That's lower than the S&P 500 Index's 11% annual return and Nasdaq 100 Index's 15% climb. https://www.bloomberg.com/...…
  • @kyurieff Kaya Yurieff on x
    Scooplet: Before Elon Musk's takeover, Twitter shut down Ticketed Spaces. Creators no longer have access. “We've paused the Ticketed Spaces test indefinitely so we can focus on continuing to improve and bring new features to the core Spaces experience.” https://www.theinformation…
  • @cnbctech @cnbctech on x
    Trump applauds Musk's Twitter takeover, says the platform that banned him ‘is now in sane hands’ https://www.cnbc.com/...
  • @vilile Vili Lehdonvirta on x
    Now that Musk is running Twitter, people are looking for alternatives. Unfortunately federated (decentralized) networks like Mastodon seem unlikely to be the answer. This thread illustrates some of the basic problems: cost, collective action problems, fragmentation. Also... https…
  • @nut_bunnies @nut_bunnies on x
    These guys all could retire, but will likely coast in to cushy VC jobs. The right and crypto morons are laughing about how they're “unemployed.” Dumbest people in the world https://twitter.com/...
  • @anthony Anthony DeRosa on x
    Mr. Musk has said his definition of success at Twitter would be reaching over a billion users in five to 10 years https://www.wsj.com/...
  • @alexhern @alexhern on x
    Musk seems to view hate speech as a “people don't want to see this” problem, as opposed to a “people shouldn't be allowed to say this” problem. I can't work out how common that view is - it feels like there's a transatlantic difference, too
  • @cushbomb Matt Christman on x
    The fact that there is no amount of money Elon Musk could spend to get hairplug that look good should be a hint to him that he ain't gonna live forever in the computer.
  • @gaberivera Gabe Rivera on x
    the Golden Paragchute https://twitter.com/...
  • @jcoviedo6 JC Oviedo on x
    Well earned https://twitter.com/...
  • @hayekmg @hayekmg on x
    Three of @Twitter Inc.'s top executives who were said to be fired after @ElonMusk completed his takeover are poised to collect more than $100 million in severance and payouts of previously granted equity awards. By @MelinAnders @business | #Twitter #SM https://www.bloomberg.com/.…
  • @caseynewton Casey Newton on x
    Here it is: Twitter engineers were told today to *print out* their last 30 to 60 days of code, so they could show it to Elon Musk himself. Then they were told wait, no, actually, please shred all that code you just printed out. Subscribe to read ➡️ https://www.platformer.news/ ..…
  • @catturd2 @catturd2 on x
    Report ... day one of @elonmusk owning Twitter. I'll be doing this every day to see if anything changes. As of now, I'm still Shadowbanned, ghostbanned, searchbanned, and Twitter removed 1200 followers today - as usual. Nothing has changed - I'll report again tomorrow.
  • @elonmusk Elon Musk on x
    🎶 let the good times roll 🎶
  • @elonmusk Elon Musk on x
    @catturd2 I will be digging in more today
  • @alwaleed_talal @alwaleed_talal on x
    Dear friend “Chief Twit” @elonmusk Together all the way 🤝🏻 @Twitter https://twitter.com/... https://twitter.com/...
  • @briannawu Brianna Wu on x
    I'm sorry, there's no future where Mastadon replaces Twitter. If you're looking for a decentralized social network for smaller communities, that's discord. The mass public wants one place with easy UI and trust and safety policies. That's not Mastadon.
  • @sherman4949 Alex Sherman on x
    Not only was this not a hostile takeover, the buyer literally tried everything he could NOT to buy Twitter for months. https://twitter.com/...
  • @ben_rosen Ben Rosen on x
    these drafts just appeared in my app https://twitter.com/...
  • @forbes @forbes on x
    Not Just Trump: Here Are The Other Notorious Names—Jones, Shkreli, Yiannopoulos Included—Who Could Be Unbanned On Twitter https://www.forbes.com/... https://twitter.com/...
  • @noahpinion @noahpinion on x
    After Gamergate, everyone who ran Twitter saw what the quote-tweet had turned this platform into. And yet they kept it, because they knew it was their money-maker. Twitter as a video game where you get clout for hate was the only way they knew how to get rich.
  • @timcast Tim Pool on x
    Veritas, Babylon Bee, JBP, Alex Jones, Trump, Carpe Donktum, James Lindsay, Milo, Sargon, Loomer So many more https://twitter.com/...
  • @alexhern @alexhern on x
    He's spent so long in companies where anyone who tells him his ideas are dumb is fired on the spot that he thinks his ideas are genius https://twitter.com/...
  • @nichcarlson Nich Carlson on x
    Have been thinking... Does it really matter that Trump isn't on here anymore? Seems to me all of his Truth posts get reported on the way his tweets used to. And many of them become screengrab tweets anyway. https://twitter.com/...
  • @juddlegum Judd Legum on x
    REMINDER: The new owner of one of the most powerful communications platforms in the world is a Ron DeSantis supporter https://twitter.com/...
  • @brandyzadrozny Brandy Zadrozny on x
    First order of business for the world's richest man, now in charge of the global town square: digging into catturd. https://twitter.com/...
  • @laurenboebert Lauren Boebert on x
    Congratulations, @elonmusk! Now please bring back America's most trusted news source. @TheBabylonBee
  • @zackvoell Zack Voell on x
    Steve Jobs' wife owns The Atlantic. Bezos bought the Washington Post. Salesforce CEO owns TIME magazine. A biotech billionaire owns the LA Times. A Thai billionaire owns Fortune magazine. But Elon Musk buying Twitter is the end of our sacred democratic norms?
  • @kantrowitz Alex Kantrowitz on x
    With Elon in charge of Twitter, do republicans drop the push to repeal section 230? The social media censorship line seems to be toast as well.
  • @silvermanjacob Jacob Silverman on x
    Just want everyone to keep in mind that the old Twitter regime was really bad — just ask Saudi users. The new regime will find new forms of failure, innovated upon by Elon's crack team of five Joe Rogan knockoffs. (Also, DMs were never secure but especially not now.)
  • @nxthompson @nxthompson on x
    Weigh these three things: 1) Musk's ideas seem likely to make the problems here worse 2) Musk's understanding of the business appears surprisingly shallow 3) Musk has as good a track record of anyone of his generation of creating value. 3 might well matter more than 1&2
  • @noahpinion @noahpinion on x
    I hope Elon taking over Twitter will mean at least a few negative consequences for the people who turned our whole society into a clout-chasing hate-fest.
  • Vox Whizy Kim on x
    Quitting Elon  —  Elon Musk's former fans have lost faith in the idea of the billionaire genius.
  • @davidfaber David Faber on x
    Elon Musk is now in charge at Twitter. I'm told former CEO @paraga and CFO @nedsegal have left the company's HQ and will not be returning as the Musk era begins.
  • @eliothiggins Eliot Higgins on x
    A lack of self-regulation on Twitter will just increase the likelihood of government regulation of all social media, it's as simple as that.
  • @kyurieff Kaya Yurieff on x
    With Musk in control of Twitter, all eyes are on the workforce and job cuts. @beckpeterson and I look at what's next. Headcount has more than doubled since 2016 to 7,500 people at the end of last year https://www.theinformation.com/ ... https://twitter.com/...
  • @kashhill @kashhill on x
    The Elon effect: My dormant Mastodon account is suddenly picking up new followers.
  • @sifill_ Sherrilyn Ifill on x
    Imagine you're one of the Black employees who were brave enough to speak out abt racial discrimination at Tesla & join others in a class-action suit, & today you see the owner of that company swaggering as he takes over one of the most influential comms platforms in the country.
  • @davidmackau David Mack on x
    omg https://www.buzzfeednews.com/ ... https://twitter.com/...
  • @carnage4life Dare Obasanjo on x
    If Elon hadn't purchased Twitter on a whim, the company would be going through layoffs and/or would have a stock price in the toilet. Instead employees are getting a huge payday and will no longer have the pressure of quarterly earnings so they can focus on fixing the business.
  • @ggreenwald Glenn Greenwald on x
    The fired Twitter executives which so many liberal journalists are crying over — one of whom was Victim of the Week a few months ago when she was criticized on Twitter — will probably be OK.🙏 https://www.nytimes.com/... https://twitter.com/...
  • @doritoribio Dori Toribio on x
    “Making Twitter a private company gives Mr. Musk some advantages... privately held firms do not have to make quarterly public disclosures about their performance. They are subject to less regulatory scrutiny and can be more tightly controlled by an owner” https://www.nytimes.com/…
  • @theinformation @theinformation on x
    Musk's completion of his Twitter takeover is expected to lead to job cuts: Twitter's workforce has more than doubled since 2016. https://www.theinformation.com/ ...
  • @hsouthwellfe Hazel Southwell on x
    the important thing about Elon buying twitter is we all have to act like Tumblr after Yahoo bought it. devalue this platform. make it much worse. stop “driving engagement” and start depression posting. block every promoted tweet. we can do this.
  • @chrismessina Chris Messina on x
    Look at these GPT3-generated article titles @reckless is clearly the only one not getting an AI assist https://twitter.com/... https://twitter.com/...
  • @jennaellisesq @jennaellisesq on x
    Elon owns Twitter. 🔥
  • @sandeep_pt Sandeep Manudhane on x
    Parag Agrawal actually dragged the world's richest man to Court, made him eat his own words, to finally pay up and do the deal, and in the process made at least $ 40 m for himself. Parag >>> Elon
  • @danprimack Dan Primack on x
    First SEC filing comes from Twitter. Notification of listing removal. https://www.sec.gov/...
  • @carnage4life Dare Obasanjo on x
    Twitter employees are getting cash for their stock at a price that is +25% YTD. This is the best performance by a big tech stock this year. They should be singing Elon Musk's praises instead of writing angry open letters. https://t.co/auvpi8tQqX https://t.co/WgQwuBWyyb
  • @edludlow Ed Ludlow on x
    Update to $TWTR status on @TheTerminal “acquired by private investor” Someone frame this. https://twitter.com/...
  • @oothoon @oothoon on x
    “Unlike publicly traded companies, privately held firms do not have to make quarterly public disclosures about their performance. They are also subject to less regulatory scrutiny and can be more tightly controlled by an owner.” https://www.nytimes.com/...
  • @soutikbbc Soutik Biswas on x
    ✅Musk will face pressure from banks that lent him $12.5bn for the deal to begin repaying debt. ✅Musk borrowed $7.1bn from equity investors. He may face pressure from them who might want him to take Twitter public so they can recoup their investment. https://www.nytimes.com/...
  • @jeffjarvis Jeff Jarvis on x
    No, NYT, he's not “cleaning house.” He is purging the company of responsible adults with expertise and experience. Be careful of your words. How Twitter Will Change as a Private Company https://www.nytimes.com/... https://twitter.com/...
  • @jolyonmaugham Jo Maugham on x
    Might an unlisted Twitter care less about user growth and so be more ready to take action against bots? I'm not a natural Dr Pangloss when it comes to private takeovers of town squares but there is an optimistic take...