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In email to X staff, Musk says "user growth is stagnant, revenue is unimpressive, and we're barely breaking even"; sources: banks plan to sell their debt in X (Wall Street Journal) Main Link | Techmeme Permalink

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The hardest part of that will be older people. Family members of mine that can barely work a smartphone are completely reliant on facebook. Twitter was a cesspool for sure but facebook has been a cesspool far longer, and is a much bigger monster. Anything is possible though.

That’s going to take a lot more time as it’s a standard platform for most brands, small businesses and community groups. I don’t see it loosing much market share unless a viable replacement presents itself. Like Bluesky has for Twitter.

Liberals only hate bigotry and the ones who create and enforce the bigotry. I don't tolerate hateful and deplorable people in my life now and I'm far happier now. Stick to X because you belong there.

"Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar" Say what you will about Musk, but thanks to him there are four less billionaires in the world.

I highly doubt they are breaking even with how many advertisers have left. The boards of his companies should all force him to step down and be removed from interfering in operations.

I closed mine the day after the election. I gave myself a reminder about the 30 day period to reinstate. I never went back to check but once I knew 30 days passed and it was permanent, I felt so free!

If I could remember my Twatter password I’d abuse my long held convictions that when they go low you go high. I could show a spider how to limbo in his case😖

Musk is so good at business that banks are willing to take a loss and cut business ties with Musk. They don't think Musk will ever pay his debts. Saudis also loaned Musk the money to buy Twitter. How are they going to respond to Musk's failure to pay them?

Remember when Elon Musk personally intervened to reinstate the account of a rightwing conspiracy poster who published photos and videos from a snuff tape of an infant being raped and murdered and then sent him an ad revenue share check for that same month?

Girl same. However, when I tried to delete Tik Tok, they would not send the 6 digital code to finish the process. Had to refer to 3 different sites to find the process to delete Facebook. Almost like the hell of canceling a Golds gym membership.

facebook cancellation is intetionally made worse. There are 100 pages of account and privacy settings but to deactivate the account you have to find the hidden settings in your account detail. Past the days where site having a frendly ui was the way of attracting users.

It’s a mystery! bsky.app/profile/news...

News Eye@newseye.bsky.social

Elon Musk has changed his X profile. His avatar is now Pepe the Frog, a mascot adopted by white supremacists. His name is a Latinisation of “Kek”, a phrase used by neo-Nazis. Musk has also backed AfD in Germany, the political home for racists. The man is telling us explicitly what he’s about.

“They were careless people, Tom and Daisy, they smashed up things and creatures and then retreated back into their money or their vast carelessness or whatever it was that kept them together, and let other people clean up the mess they had made” - F. Scott Fitzgerald, The Great Gatsby (1925)

I used to call it "Melon Muskrat". Then, I HAD to change it to "Mangled Melon Muskrat". It's getting longer, but quite proper with your addition: Mangled "reichest" Melon Muskrat. The compiled "definitions" of Trumpty-Dumpster are now near fifty compound words, mostly gathered by Jeff Tiedrich.

they are trying to sell their debt at 90-95 cents on the dollar. that is extremely optimistic, but i agree that this might be the best time to unload this garbage. my guess is that the company is worth perhaps 10% of its purchase price

With X goes belly-up... and Musk cannot make or do anything with his Hate Machine and its sent to the smelter Pornography, maybe even anything that resembles it, (think 'Venus de Milo'), will be banned here (its in the Project 2025 agenda). They'll decide what "is and isn't."

Just amazes me how the wealthy always brag about how rich they are but have to resort to taking loans when they need cash. Maybe we should reevaluate what wealth means at this point...or force them to put up their own shit for sale instead of taking loans

… Indicative proof?… Easy!… Read the statement again… Then consider how the, TechBro Clone of a Malignant Narcissist?… … … MIGHT LIE OUT HIS PIEHOLE to make himself LOOK BETTER than he actually IS… … Catching ANY Clues, yet?…

“The price Musk paid for Twitter was high, even at the time of his purchase, and the company’s rocky performance had knocked down the value — The deal is considered one of the worst that banks agreed to finance since the 2008 financial crisis”

You honestly expected he'd take the blame for hijacking and killing Twitter? Reality check: if Twitter/X does go out of business* it won't make a dent in Musk's financial dominance of the planet's "leaders" * = Most businesses losing their shirts would be gone by now. X ends when he pulls the plug