https://www.extremetech.com/cars/314871-tesla-model-y-owners-confused-to-find-wood-bracing-car-components

Not saying you’re wrong, but Tesla has entire teams of people devoted to managing Elon. Twitter was never structured like that, so the company was directly exposed to his every whim.

This is probably the only reason I dont have a Tesla right now.

Teslas have their own story of shitty build quality and broken promises. He is cutting corners like crazy in PREMIUM models.

Also Space X just blowed up a launchpad. For no real reason.

Elon’s disregard for the consequences of his actions is not contained in any of his enterprises.

If you listen to podcasts, the two recent episodes of “Behind the Bastards” are pretty enlightening on this nonsense.

Everyone shits on the guy, but hey, he’s living the dream of making a billionaire go broke while also destroying one of the hell pits on the internet.

I don’t think that there’s any conspiracy or ill intent there.

It’s just that the tech bubble is exploding and investors are running out of money - or rather are running out of willing to spend money for these social media platforms.

So they go public or get bought by some ultra rich people.

There’s also the issue that as communities grow to insanely bit proportions, the operating costs also grow exponentially. Server costs of course, but then you also need to start investing in teams of lawyers, support, community managers, dedicated DevOps and developers… all of that while the community loses its sense of being part of a “little village” and get less inclined to financially help foot the bill.

These social media services have pretty much committed suicide - or egocide rather because I don’t believe that they will go anywhere. They’ll stay afloat without issues, but they’ve lost their souls a long time ago. They’re working for money now, and not for their community or users anymore.

And they cannot go back either, because the operating costs don’t just go down by themselves, so they need to act greedy in order to survive. There’s nothing the Reddit or Twitter leadership could do to stop that now. It’s a one-way byproduct of uncontrolled growth.

The right “moral choice” for these leaders would probably be to just let their platform slowly die while alternatives emerge - but that’s a very painful thing to do when you invested 20+ years of your life into it. Dorsey managed to do it for example, which is impressive and quite commendable.

I’ll add that it’s unlikely that the Fediverse will suffer from the same fate, because… there’s no management. There’s an “agreed upon” structure but everyone can do their own thing and that’s what’s beautiful about it. It cannot “lose its soul” because as a contract/protocol, the “soul” of the Fediverse is the only thing that makes it exist. It might splinter, it might evolve into different “universes”, but it will never die.

It’s pretty much a re-creation of how the 2000’s internet worked. Which had its problems, yeah, but which was also a very resilient and independent place.

The fediverse has now come to my rescue twice now. Mastodon and now Lemmy. All hale the new social king.

You may have mixed up you terminology here. Bankruptcy is something that is filed by a debtor to get protection from creditors. That is, the entity that borrowed is seeking relief from the contract that binds them to repay lenders.

I don’t see how. It’s possible to block most ads you see on the platform and there aren’t enough companies advertising to replace them so you end up with a mostly ad-free feed.

The point is to kill Twitter. Elon Musk is beholden to the Saudis with his investment. They used Twitter tracking to find and kill Jamal Khashoggi. What you see happening to Twitter is entirely on purpose, so it can’t be used to stir up uprisings again like the Arab Spring in Egypt, or the organization of Hong Kong protesters.

I see sunshine and blue skies ahead.

It has been very entertaining so far

Sometimes there are inefficiencies. Sometimes you can cut features. But it’s a process that takes time, and has repercussions, and limits. The 1$ Billion mark could come from extensive evaluation of the current infrastructure, but it comes from Elon’s vibes and massive incurred debt from the leveraged acquisition.

Elon thinks that he can use office space and not pay for it. He is delusional. And he knows less about cloud services and code than he knows about leases.

Twitter is still online because providers can’t believe THE AUDACITY, and are hopping they will get paid. Let’s see how long they can justify the hole in the books and keep subsidizing Musk’s House of Hate Speech.

YouTube is part of Google (Alphabet if you want to use the legal name). It’s a much different decision when an unrelated company is using a lot of your resources and not paying for them.