this post was submitted on 17 Nov 2023
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Stop X permanently. The lawsuits are massing up, and the value of the business has nearly dropped such that the $13bn debt is bigger than it. They had little hope of paying even the interest before Musk started intentionally tanking their revenue. He knows that the business will never have to pay up, hell they're not even paying rent on their offices, and he'll get away with the crime Scott free because it's a limited liability company.
And make no mistake, that was the plan all along. Destroy a private business cum public forum that served the public good, and on the way out see what controversial actions they can get away with. That way any site that comes to fill the void can do the same. His old mate Peter Thiel will likely be pleased, along with a bunch of other unscrupulous people.
It's amazing to me how much people have rewritten history since musk took over. Twitter was always shit. It's worse now, yeah. A lot worse. But it's like taking a shit on a smaller pile of shit. All this talk about how it was a real boon for humanity and so important it should be regulated as a utility is equal parts idiotic and hilarious.
It's shit, but it had significant uses. Namely, getting breaking news from trusted journalists, and speaking directly to businesses for consumer support when other methods typically went unanswered.
That's not to mention the Arab Spring. Sure, significant change that people had hoped for didn't follow through, but it still spooked them enough that one of the incumbent leaders helped buy the website to undermine it.
Also, when you compare it to Facebook it certainly was better. Even reddit was better, then followed it down the drain.
I get the feeling (I wouldn't really know, haven't been there in months) that Reddit is still significantly better. Sure, it's worse now, but it still has active communities on pretty much any topic imaginable. Lemmy is on its way, but won't be there for a few years I think.
There's some genuine communities lingering on, but almost all of the larger communities have become part of the power mods' "projects".
I was shook the other day when I stopped by reddit and saw, "just a normal day in russia" at the top of the front page. As Americans we need to give up on the idea of a non-political social media because it always gets co-optd into some psy-ops bullshit.