this post was submitted on 05 Sep 2023
368 points (92.8% liked)

News

21738 readers
3945 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. Trolling is uncivil and is grounds for removal and/or a community ban.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
top 50 comments
sorted by: hot top controversial new old
[–] [email protected] 145 points 10 months ago (3 children)

hahahahah i'd like to see that nazi fuck try, see him wade through discovery, the ADL was built for this shit, it's their very reason for being

[–] Gradually_Adjusting 44 points 10 months ago

He prefers to tilt at specially made windmills with sharpened fans.

[–] Buffalox 25 points 10 months ago

Please don't call Elon Musk a Nazi it's kind of offensive to Nazi's, and only half true.

Elon Musk is a pedophile Nazi, taking half the description away, almost makes him look nice.

[–] [email protected] 14 points 10 months ago

The thing is the added complexity that the plaintiff is adding is just going to extend out the entire process. The filing indicates something like a 60% loss of ad revenue. Even if the case runs smooth as butter, there's no way Musk can get access to the money he's seeking in time to cover the massive loss plus the huge debt obligations he's sacked the company with already.

There's zero ways restitution from this case would ever give the company enough head above water quick enough to prevent drowning in debt.

[–] [email protected] 91 points 10 months ago* (last edited 10 months ago) (2 children)

Elon Musk said Monday that X, formerly known as Twitter, has “no choice” but to file a defamation lawsuit against the Anti-Defamation League amid an ongoing slump in advertising revenue.

“Based on what we’ve heard from advertisers, ADL seems to be responsible for most of our revenue loss,” Musk wrote on Monday. “Giving them maximum benefit of the doubt, I don’t see any scenario where they’re responsible for less than 10% of the value destruction, so ~$4 billion.”

How to avoid being antisemitic, step one: Don't blame your incompetence and piss poor judgement on "the Jews."

Elon Musk: D'oh!

[–] [email protected] 29 points 10 months ago (1 children)

So - Twitter has lost $40 billion in advertising revenue?

Sounds about right. Wonder how much more they can lose.

[–] decerian 38 points 10 months ago (2 children)

I'm no accountant, but I have to imagine when he's talking about "value" it's not exact loss of sales, but something more like "projected sales for the next 10 years" or something.

There's no way Twitter, a company that was overvalued at $43 billion, was also making $40billion a year in advertising sales.

[–] garretble 36 points 10 months ago

He needs to learn that just because he was stupid enough to buy it for $44B that doesn’t mean it was ever worth $44B.

[–] [email protected] 16 points 10 months ago* (last edited 10 months ago) (3 children)

He seems to be saying that the market value of Twitter is $40B less than what it was before stuff happened. "Value destruction" tends to be applied to "stock" (like market cap) rather than "flow" (like revenues).

He's basically saying Twitter is worth $4B, given that he paid $44B and seems to be saying $40B of values was destroyed.

Losing $40B in less than a year is, uh, remarkable.

[–] jackoneill 12 points 10 months ago (2 children)

So he’s trying to blame Jewish folks for his retarded investment? What kind of mental gymnastics do you have to do to wind up there?

load more comments (2 replies)
load more comments (2 replies)
load more comments (1 replies)
[–] NevermindNoMind 87 points 10 months ago (4 children)

For context, this all started Thursday when the ADL xeeted that is had a "frank and productive" conversation with X's CEO. She replied with some warm and fuzzy PR bullshit about working together to improve the platform blah blah blah. But the right wing nutjobs weren't happy with the implication that X was in anyway cooperating with the ADL and there was immediate backlash. "Ban the ADL" became a trending hashtag, because, according to the racist majority on X, the ADL is the actual hate group and they pressure advertisers who in turn pressure platforms to "ban free speech." Musk, always quick to undermine the sad sack holding the title "CEO" jumped on that bandwagon and been xeeting about it all weekend, threatening to ban them, generally talking trash, and now threatening to sue.

I find it depressing that I'm aware of all this.

[–] partial_accumen 43 points 10 months ago (9 children)

they pressure advertisers who in turn pressure platforms to “ban free speech.”

This argument of theirs is so strange. Don't advertisers too have free speech? Is the right wing arguing that advertisers shouldn't be allowed to choose to stop advertising with Twitter? What "pressure" can ADL put on them? Does the ADL have legal authority to force advertisers to exit Twitter? No. Is the ADL holding private information about the CEOs of advertisers and extorting the advertisers to leave? Not likely.

Is the ADL communicating a position that the majority of the advertiser's customers find the racist, fascist, and misogynistic content now omnipresent on Twitter distasteful, and therefore harmful to the advertisers' brands and with negative impacts to future sales? Likely yes, but those statements are themselves free speech on the part of the ADL.

What the right wing seems to be arguing is that the definition of free speech should be the right to say whatever racist, fascist, and misogynistic comments they like without anyone making choices of their own to dissociate with the right wing. That's not free speech that's....fascism!

load more comments (9 replies)
[–] [email protected] 34 points 10 months ago (3 children)

It's hard to take that seriously when you use "xeeted".

[–] [email protected] 26 points 10 months ago

The whole website needs to be xeeted out of xistence at this point.

[–] ramble81 21 points 10 months ago

I call them x-cretions. So you x-crete them.

load more comments (1 replies)
[–] [email protected] 19 points 10 months ago (5 children)

I almost feel bad for the new "CEO". It really seems like she's doing her best to give the impression that Twitter is still a sane company with reasonable business practices, only for Elon to completely disregard her messaging and do the exact opposite.

[–] InvaderDJ 20 points 10 months ago (1 children)

I would feel bad if it wasn't obvious that Musk would do this. It is impossible for him to control himself. He can't help to put his dumbass opinion in the mix, no matter how much it hurts him personally and professionally. It's the reason he was forced to buy Twitter in the first place.

[–] overzeetop 16 points 10 months ago (2 children)

Drop me in her seat for 7 figures with a nice kick-out clause (no stock, please) and I’ll pretend Xitter is a wholesome, thoughtful, productive corporate citizen, too.

load more comments (2 replies)
[–] [email protected] 19 points 10 months ago

She's doing exactly what she was hired to do.

load more comments (3 replies)
load more comments (1 replies)
[–] geekworking 72 points 10 months ago (1 children)

One of the oldest most experienced groups at litigation against hate and defamation will have a field day with this. I would not be surprised to see X owing the ADL damages if Musk actually follows through.

This is as nearsighted as DeSantis starting legal battle with Disney.

[–] MataVatnik 17 points 10 months ago

This is as nearsighted as DeSantis starting legal battle with Disney.

I'm so for it

[–] Blumpkinhead 72 points 10 months ago (7 children)

Shut up Elon, you unfuckable, racist, dork.

load more comments (7 replies)
[–] markr 60 points 10 months ago (8 children)

"You made me do it"! yells the abuser. This ~~utter fucknut~~ psychopathic narcissist can't possibly consider that the lost ad revenue has anything to do with his turning twitter into 4chan.

load more comments (8 replies)
[–] asunaspersonalasst 56 points 10 months ago (1 children)

lmao cry about it, Mr Melon.

load more comments (1 replies)
[–] Wodge 48 points 10 months ago (2 children)

He is remarkably bad at running a business for a billionaire.

[–] Tedesche 17 points 10 months ago (4 children)

That’s because he’s not and never was a businessman. He’s a tech guy who got super lucky and became filthy rich. Musk builds and designs shit, he doesn’t know squat about running a company. He should stick to playing with his rockets and making new roadsters. This whole CEO foray has turned out real bad.

[–] givesomefucks 66 points 10 months ago* (last edited 10 months ago) (4 children)

He’s a tech guy who got super lucky and became filthy rich.

Not even that...

He was (at best) an average coder decades ago who used family money to buy lots of startups and a few made a lot of money.

He was a gambler, not a businessman. It's just when you start out wealthy you can keep buying lottery tickets till you win. It doesn't even mean he was good at picking lottery numbers, he could just afford to buy more tickets than other people.

Musk builds and designs shit,

And definitely not that

[–] ZagamTheVile 20 points 10 months ago

Not mine but... Entrepreneurship is like one of those carnival games where you throw darts or something. Middle class kids can afford one throw. Most miss. A few hit the target and get a small prize. A very few hit the center bullseye and get a bigger prize. Rags to riches! The American Dream lives on.

Rich kids can afford many throws. If they want to, they can try over and over and over again until they hit something and feel good about themselves. Some keep going until they hit the center bullseye, then they give speeches or write blog posts about "meritocracy" and the salutary effects of hard work.

Poor kids aren't visiting the carnival. They're the ones working it.

[–] reddig33 20 points 10 months ago (4 children)

And definitely not that.

Um, have you seen the Cybertruck? I think this is the first design that Elon actually had a hand in and it shows. What a monstrosity.

load more comments (4 replies)
load more comments (2 replies)
[–] orclev 33 points 10 months ago* (last edited 10 months ago) (2 children)

He's not even a tech guy. He inherited his money, and then lucked into a couple jobs with actual tech guys that he could take the credit for. His entire career has been built around buying other tech companies that were just taking off, pushing the original founders out, and then taking credit for everything everyone else did.

[–] [email protected] 15 points 10 months ago

... lucked into a couple jobs ...

Strongarmed his way into other people's success, then slapped his name on it and claimed it as his own.

[–] FlyingSquid 14 points 10 months ago

He literally went to court to legally make himself a founder of Tesla even though he had nothing to do with founding the company. Such a petty little baby.

[–] [email protected] 14 points 10 months ago* (last edited 10 months ago)

Musk builds and designs shit

Does he though?

Musk attaches his name to things others have built and designed.

[–] [email protected] 12 points 10 months ago (1 children)

He wishes he was a tech guy. He just piggybacks off of everyone else. He's a leech, a parasite.

load more comments (1 replies)
[–] [email protected] 13 points 10 months ago (5 children)

As surprising as it may sound, most billionaires do not arrive there through competence. They get there by way of inheritance and privilege.

load more comments (5 replies)
[–] [email protected] 42 points 10 months ago

Why does he hate free speech so much?

[–] FlyingSquid 39 points 10 months ago (2 children)

He's like one step away from claiming the Jews control the world's money supply.

load more comments (2 replies)
[–] xc2215x 38 points 10 months ago (3 children)

Didn't Elon bring this on himself by keeping the Nazis though ?

[–] [email protected] 30 points 10 months ago

Not even keeping, explicitly adding them back and unbanning them, and letting them make decisions to ban leftists who spoke out against it (andy ngo recommending people to the chopping block comes to mind)

[–] Rose 18 points 10 months ago

Not only keeping but returning en masse.

load more comments (1 replies)
[–] MushuChupacabra 25 points 10 months ago

What a fucking loser.

[–] TokenBoomer 14 points 10 months ago

He’s suing the anti-defamation league for… defamation. Is this a YouTube prank?

[–] [email protected] 13 points 10 months ago (2 children)
load more comments (2 replies)
[–] [email protected] 12 points 10 months ago

That's not very free market of you bro.

[–] [email protected] 10 points 10 months ago (23 children)

gotta love America where not making as much money as you wanted is a crime

load more comments (23 replies)
load more comments
view more: next ›