OK – that’s part of the context needed (for me at least) to fully flesh out in my head how significant or not this is. Like a superimposed graph of, say, Facebook and Instagram vs Twitter over the past 12 months, in terms of downloads (ditch the app store ranking) and see how they all compare. Those would be more apples-to-apples vs throwing Threads, which was a shiny hot new app for a wee bit, but now is feeling like it’s getting forgotten, in there. Is there a huge dip during Musk’s tenure. I would not be surprised if there is, but I don’t see it definitively yet.
An example of what the new design may look like:
Here’s another example of what the new design may look like:
Maybe they’ll add the URL somewhere…
Musk plans to get significant amount of more money!
One way to increase profits is not to pay bills. I get it – some vendors may take partial payment (now) rather than getting less net after legal fees (much later)
Brian
I would expect that this would result in other potential vendors demanding payment before delivery for any future orders.
The wise ones, yes.
The dumb ones will tell themselves “let me get their business booked and we can hassle over accounts receivable later.”
And there is always at least one dumb one.
not according to commonly acknowledged accounting principles … → the cost will still be on the books …
I’m impressed there are enough vendors being stiffed that one enterprising attorney is assembling a class action. The class participants won’t see their whole balance due but the total payout is gonna make Musk’s eyes water.
Probably fired accountants who know “commonly acknowledged accounting principles”
Brian
While true for accrual-based financial statements, it works perfectly well if you just care about cash flow. Since it’s not publicly traded any more there’s no need to get audited financial statements (at least for public inspection - they might need to for other purposes) so they probably don’t care too much about what GAAP says now.
But wouldn’t he need audited financial statements for the purposes of his loans? I would think his banks would want to see them, no?
Every loan covenant is different. Is there public knowledge of the loan covenants surrounding the loans he foisted on Twitter?
The UAW’s account can’t have a blue check anymore, because Elon doesn’t like them, I guess. Ok, he gave it back later, once people noticed.
Brilliant idea! This will get rid of most of the riffraff! [and most of the rest too…]
I’m sure there’s a case study of how well that worked here at the SDMB.
Nah, a few folks loved the Dope well enough to stay.
Not gonna add another subscription. Especially to something I never use.
Musk bought Twitter for $44 Billion (including $13B in debt). X is apparently worth $19B based on employee restricted stock options.
Important this is what X thinks itself is worth. actual value my differ (and is probably less IMHO)
Brian
Has Elmo been taking valuation lessons from DJT?