Stabitha_Christie
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Twitter loses half its ad revenue, still weighed down by debt
When you buy a company you buy their assets and liabilities. The money you pay goes to thee owners, in the case of Twitter it went to the shareholders.
Twitter had 2 billion in cash and less than 600 million in debt when Musk purchased it. He took out 13 billion in loans when he purchased the company and had Twitter to take on the loans. So the heavy debt load he is taking about is 100% his own doing. Somehow he failed to mention that.
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Apple debuts third-generation Apple Pencil with USB-C charging
This a pretty poorly written article.Apple isn’t replacing either the gen 1 or gen 2 Apple Pencil with this one. Both the gen 1 and 2 are still being sold. They are adding a lower cost option to the line up and not it’s not terribly surprising that the lower end version doesn’t have all the features of the higher end versions.They also aren’t calling it a generation 3 pencil. That’s something Apple Insider has made up. Apple is calling it Apple Pencil (USB-C). They specifically avoided calling it Gen 3 to avoid the confusion Apple Insider has created.Just delete the article and start over. -
Twitter loses half its ad revenue, still weighed down by debt
9secondkox2 said:Stabitha_Christie said:sdw2001 said:jpellino said:So Twitter was the preeminent microblogging platform, doing well enough to have shareholders getting earnings.
Musk buys it and starts pulling every lever he can find, many of which were clearly marked DO NOT TOUCH THIS LEVER.
Now the company is bleeding value, invisible to the public, and got its lunch eaten by Meta in less than a week of competition.
Oh, and a new half-billion liability based on Lever #2.Remind me how this reflects on the legendary genius of Musk?
You really should do some fact checking rather than just blindly repeating whatever he says.Musk bought it and turned it privately owned. That in itself is cutting off quite a bit of money. The you have some political weirdness with advertisers that simply don’t like musks views. It was bound to happen as Twitter was a liberal echo chamber and was bought by someone with more conservative views. So of course there would be storms to deal with. It’s early days yet. Musk is s very smart and successful leader. It says something that his multiple businesses are so pioneering and risky, yet successful.It was an impossible task to tackle Twitter. But he did it. And now he’s fixing the broken foundations he bought. It was s fixer upper with serious issues. And it’s taking time to get right.
Twitter whet public in 2013 and didn't do any post IPO funding from investors until 2021. From 2021 to being purchased in October of 2022 they did four and half to those were after Musk agreed to buy the company. So please, back up your statement. Using the publicly available data show how the 1.2 billion they made in 2018 and the 1.4 billion they made in 2019 were not actual profit and due to investor funding that wasn't happening and hadn't happened in years. Musk on the other hand has had to do investor funding since purchasing Twitter to keep it afloat.
At the time of purchase twitter had less than 600 million in debt and 2 billion in cash on hand. Their revenue for the final year was -221 million. Since Musk purchased the company they have jumped to over 13 billion in debt, have had to do a funding round of 3 billion to help pay for their debt and apparently seen their revenue cut in half. Twitter is demonstrably in far worse shape now than it was prior to being purchased by Musk and it 100% his doing.
And if you think Twitter's old leadership had an issue with lying bout business then you need to check out the following from Musk:
In 2018 he said he had "secure" enough funding to take Tesla private, he hand't
Production of the Tesla semi was suppled to be in 2020, didn't happen and still behind it's scheduled ramp
A fleet of Tesla robotaxis were supposed to happen in 2020, now he is saying 2024
The Cybertruck was going to be released in late 2021, still not available
Since 2016 Tesla has been charing customers 10k, now15k for full self driving as an add on, but has yet to ship the final product.
You, like the previous poster, could do with some fact checking rather than just accepting the myth of Elon. The only company he has involvement with that is profitable is Tesla. About half of it's profits are due to government credits rather than actual sales. The rest of his companies lose money and exist on investors. Somehow you have managed to get the entire situation backwards. The man is a fraud. -
Twitter loses half its ad revenue, still weighed down by debt
MplsP said:Elon has done well with Tesla and SpaceX but those were primarily tech companies. Twitter is a social media company - what makes a good social media company is different from what makes a good tech company. Elon is also not necessarily the same person he was when he was building Tesla and SpaceX. The bottom line is his prior successes do not guarantee he has the skill set to make Twitter successful.
Many people like to quote Elon's saying "move fast and break things." That works in some areas but in Twitter's case the main thing he broke was its revenue stream. If you're building a ship on shore you can fix what you break. If you're out to sea and you break the hull you've got some issues. Beyond that, Elon & Twitter have been slow to fix what they've broken. The approach seems to be trade a small problem for a bigger problem then move on.
Things were not all wine and roses but Twitter was doing OK but had its issues when Elon bought it. After purchasing he proceeded to make a series of changes that were universally considered to be ill-advised and poorly thought out. Even the changes that had potentially positive elements were poorly executed. The result has been the destruction of Twitter's reputation, image, with that it advertisers and revenue base.
What's quite interesting that the people who are optimistic about Twitter's potential with Elon's leadership have little more to say than "well, he did good with Tesla and SpaceX so that's proof that he knows what he's doing!" we're 9 months into this debacle and while the bull has stopped (or at least slowed down) knocking over shelves, he's still in the china shop and the mess still remains.
Twitter had a very commanding position in social media. It was the social media platform and not just by a little. Its market dominance was astounding. Further, it had become a trusted, relied upon platform for many companies to make news and press releases. Even now most people have a hard time naming another significant platform. What that means for companies is they may decide to stay on Twitter simply because even with its faults and issues there's not a better choice. That also means Twitter still has a chance. The bull may have done a lot of damage but the china shop was big enough that it still has wares to sell and can potentially turn itself around. As long as the bull sits down and shuts up.
Also, Twitter isn't a dominate social media market. Facebook has 2.96 billion users, YouTube has 2.53 billion users, Whats App has 2 billion, Instagram has 2 billion all of which are more significant that twitter. Twitter ranks 19th with 450 million. It has done very well in certain areas, journalists, politicians, academics and celebrities have very much thrived on twitter but for the average person it isn't a huge deal hence why most people don't use it. -
Twitter loses half its ad revenue, still weighed down by debt
jfabula1 said:mikethemartian said:The previous owners of Twitter must be laughing their asses off.
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Elon Musk says Apple's 30% commission rate is 'definitely not ok'
12Strangers said:rotateleftbyte said:Is Elon about to announce that he's running for congress?
His words sound like those of a politician - lots of drivel.
Either that or not content with about to **** twitter he wants to do the same to Apple.
And to think that I almost bought a Model S in 2018. Now... I will never ever buy anything made by a company that he controls. -
Apple Fitness+ review: Two years later, barely treads water
If you are going to review a product at least take the time to learn something about the product.
The burn bar hasn't been removed. Per Apple:"The Burn Bar is available for High Intensity Interval Training (HIIT), Treadmill, Cycling, and Rowing workouts.""The Burn Bar appears 2 minutes into your workout. It displays based on a rolling window and is reflective of your last 2 minutes of work."The burn bar isn't in your kickboxing workout screenshot because that isn't a workout type that a uses the burn bar. It's also not persistent so it isn't on screen at all times. You can go into the metrics editor and turn it off.
Fitness+ also didn't do away with the other rings. Activity ring only means you aren't getting data from an Apple Watch. The Fitness app does the same thing if you don't use an Apple Watch.
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All iOS VPNs are worthless and Apple knows it, claims researcher
CheeseFreeze said:larryjw said:Protocols supported
These devices work with VPN servers that support the following protocols and authentication methods:
IKEv2/IPsec with authentication by shared secret, RSA Certificates, Elliptic Curve Digital Signature Algorithm (ECDSA) Certificates, EAP-MSCHAPv2, or EAP-TLS
SSL-VPN using the appropriate client app from the App Store
L2TP/IPsec with user authentication by MS-CHAPV2 password and machine authentication by shared secret (iOS, iPadOS, and macOS) and RSA SecurID or CRYPTOCard (macOS only)
Cisco IPsec with user authentication by password, RSA SecurID or CRYPTOCard, and machine authentication by shared secret and certificates (macOS only)
This article mentions VPN generally. The above quote from Apple indicates the VPN protocols supported. I take this to imply there may be certain VPN apps for iOS, iPadOS and MacOS which may not fully protect communications.
What is happening is that on an operating system level the VPN tunnel gets ignored for some data streams and is going through the regular ‘channels’.That isn’t supposed to work like that. VPN turned on, regardless of the protocol, means no data should move outside the tunnel, which is very problematic. -
Apple Board of Directors shuffle sees Al Gore & James Bell retire
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Twitter loses half its ad revenue, still weighed down by debt
sdw2001 said:jpellino said:So Twitter was the preeminent microblogging platform, doing well enough to have shareholders getting earnings.
Musk buys it and starts pulling every lever he can find, many of which were clearly marked DO NOT TOUCH THIS LEVER.
Now the company is bleeding value, invisible to the public, and got its lunch eaten by Meta in less than a week of competition.
Oh, and a new half-billion liability based on Lever #2.Remind me how this reflects on the legendary genius of Musk?
You really should do some fact checking rather than just blindly repeating whatever he says.