2024-09-02
There are 2 types of Musk Twitter investors: dolts who thought he'd grow Twitter, and authoritarians who knew he'd destroy it. — The latter weren't investing in Twitter, they were investing in Musk killing it, or at least its utility as a site for sharing information & dissenting against the powerful.
Washington Post
Fidelity values X at ~72% below Elon Musk's purchase price, meaning Prince Alwaleed bin Talal Al Saud would be down $1.4B and Dorsey and Ellison $720M each
Elon Musk bought Twitter with a combination of his own money, bank loans and capital raised from friends and associates.
2024-04-25
Almost every example he gives of how AI will make money for Meta involves finding new places to shove ads. — Meta's AI is as innovative as the formerly blank space on the back of grocery store receipts. [embedded post]
Meta Investor Relations
Meta reports Q1 revenue up 27% YoY to $36.46B, net income up 117% YoY to $12.37B, and family daily active people up 7% YoY to 3.24B on average for March 2024
Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended March 31, 2024.
Almost every example he gives of how AI will make money for Meta involves finding new places to shove ads. — Meta's AI is as innovative as the formerly blank space on the back of grocery store receipts. [embedded post]
The Verge
Mark Zuckerberg says “tens of millions of people” have “tried” Meta AI but making money from generative AI in Meta's apps is likely going to take several years
The generative AI gold rush is underway — just don't expect it to create profits anytime soon.
2023-08-16
Everything related to X now has the most generic possible name and no one would ever naturally connect any of these products/services to the site formerly known as Twitter. — It is the worst rebranding in the history of capitalism. [embedded post]
The Verge
Users of X Pro, previously TweetDeck, report encountering X Blue paywalls to use the service; X said on July 3 that “in 30 days” X Pro would be subscriber-only
X, the social network formally known as Twitter, appears to be finally following through on its promise to make TweetDeck a paid service.
Everything related to X now has the most generic possible name and no one would ever naturally connect any of these products/services to the site formerly known as Twitter. — It is the worst rebranding in the history of capitalism. [embedded post]
Washington Post
X added five-second delays, some now removed, on t.co links to Instagram, Facebook, Threads, Bluesky, Substack, the NYT, Reuters, and other sites Musk attacks
The site formerly known as Twitter has added a five-second delay when a user clicks on a shortened link to the New York Times …