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This is relatively easy to explain. Elon Musk is a fucking idiot.
That's no explanation. There is a history of idiots failing and failing and failing and getting higher and higher and richer and richer.
That is the exact explanation. There is a direct correlation between Elon Musk's executive decisions, and the destruction of Twitter's profit margins.
Whether Elon falls upwards or not is independent from the fact that Twitter is swirling down the drain.
The guy could buy another twitter and destroy that one too if something would trigger him.
Yeah cause they destroy one company with stupidity then hop to another with their golden parachute.
This is so funny to me. Destroying Twitter aside, why does he think a payments app is something anyone wants?
Americans have Facebook Pay, Apple Pay, PayPal, Venmo, CashApp, Zelle and probably a dozen others that I don’t know about.
Canada has Interac e-transfer to any from any bank account for free, so these payment apps don’t even try to expand here. China has WeChat, Japan has Suica and a couple others, I just don’t get it.
This is a solved problem in basically every country. Giving Americans one more payment app they won’t use tied to a dying service that even at its peak very few used doesn’t seem like it will have any impact at all.
I honestly believe he thinks re-creating PayPal will lead to success like it has for him in the past. I don't understand why he believes that, or why anyone would use (yet) another online payment platform when PayPal and several others are available.
Online "high yield savings" tend to be scam companies looking to get access to liquid capital.
Ehhh there's a bunch of online high yield saving companies from real banks out there. Places like Marcus which is Goldman Sachs, Ally which is what GMAC rebranded as after they helped crash the world economy in 08, and Capital one all offer high yield savings over 4.5% interest.
Every time that I see news about Xitter, I immediately think "Elon Muppet must have a 4D chess plan, that's why he's sinking that xithole, it's to further his other goals". But then I remember Hanlon's Razor: if both idiocy and malice can explain the same phenomenon, idiocy is more likely.
So... yeah, he ruined a public service. That bloody Mark Zuckenberg would be smiling from ear to ear at that, if he was a human instead of an android.
Sufficiently advanced incompetence is indistinguishable from malice
Clarke's third law, applied to incompetence/malice
Fuck. That's brilliant.
I can't take credit for it, someone said it on Fark or somewhere like that back in 99 or 00
That comment was so packed full of interesting yet funny facts and opinion. I like it.
📉💥🔥🔥🔥🔥
this post was submitted on 19 Jun 2024
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Anti-Corporate Movement
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This community is the first one on lemmy of its kind. It sits between the idea of anarchism/anti-capitalism and left leaning economic policy.
Our goal is to make people aware of the dangers of corporate control, its influence on governments and people as well as the small but steady abrasion of empathy around the world indirectly caused by it.
Current topics this includes but is not limited to:
- Meta's entry into the fediverse
- Game companies putting gambling mechanics in childrens games
- Embracer groups buyout and closing of smaller game studios
- IP trolls destroying small companies and keeping progress back for profit
Feel free to debate this but beware, corporate rhetoric is not welcome here. If you have arguments, bring them on. If its rhetoric trying to defend the evil actions of corporations, we will know and you will go.
Our declared goal so far is to have all companies and individuals worldwide capped at 999 mil USD in all assets, including ownership of other companies, sister companies and marital assets. The reason for this is that companies (and individuals) are not supposed to resemble small(?) countries with a single leader(-board) and shareholder primacy. Thats why we feel like they must be kept in check indefinitely.
But companies will just wander off The argument that large companies will just wander off is valid, which we embrace. We dont need microsoft, apple, google, amazon and other trillion dollar companies. There are small competitors being kept small and driven into brankruptcy by anti competitive behavior of these giants or simply bought up and closed. If starbucks left tomorrow, we would not have an issue with this.
But then we have x little microsofts that all belong to the same person(s) If in fact nobody was allowed to accumulate more than 999 mil in assets, they would not be able to own all these. And like defending agains burglary, it is not about complete defence but time and effort. You only have to keep the thief occupied long enough for them to be caught, give up or make a mistake.
But these giants have tons of IP which would then limit our growth Thats another topic we must touch on. We will (only this one time) take a page out of russias playbook and demand that IP of non complying companies (assets over 999 mil USD) will be declared invalid, which opens them up to be copied.
But then they will "live" in one country that doesnt accept this Correct, and they should be taken into custody the moment they enter the airspace of a country that supports this act.
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