Twitter and Musk

Very few businesses, except for large ones, are going to pay $1000 per month to keep their verified checkmarks. Coupled with his move to charge people to use the Twitter APIs, this ranks up there near the top of his dumb business moves.

Elon Musk Wants to Charge Businesses on Twitter $1,000 per Month to Retain Verified Check-Marks
https://variety.com/2023/digital/ne...ified-gold-checkmark-1000-monthly-1235512750/

 

You are chugging away pretty hard there.

I guess any day that goes okay for Elon is an existential threat to you or something.

Pretty sad.

 

I bet (the great American patriot) Elon Musk could figure out a way to bring that balloon down with no damage to its payload.

 

Why the heck this very busy businessman would care?

 

Seeing that Twitter fired all of its knowledgeable network security engineers, it is going to be interesting to see what type of fiasco this turns out to be.

It Looks Like Elon Musk Is Actually Building a Twitter Payment Platform
And yes, there's crypto.
https://futurism.com/the-byte/elon-twitter-paymentshttps://futurism.com/the-byte/elon-twitter-payments

 

Elon built PayPal. You may have heard of it. So let's just say he starts out with a decent perspective and set of skills.

But we get it. Haters gotta hate. And as a leftie, your only model for entrepreneurial start-ups is the Department of Motor Vehicles.

GREAT TIME TO JOIN TWITTER.

 

Musk may have started Paypal. Ask yourself how well Paypal would work on a platform that has poor network security and is easily hacked in the modern era. Now add crypto into the mess just for yucks, after paying attention to all the recent news over the past year about crypto exchanges with poor security and countless levels of fraud. Musk can't even keep Twitter up and running for longer than a week without major faults. Do you really think the platform is ready for the challenge of being a payment platform? Musk's mouth is shoveling stuff his organization can't deliver. BTW how is the level 3 driverless car stuff going over at Tesla which Musk promised would be delivered years ago?

 

I think the time is here to start the process of building it out. That could go fast or take years of trial and error. Such is the life of a serial entrepreneur. Lots of wins and mistakes along the way. As discussed, your Department of Motor Vehicle clerk mentality precludes you from understanding the rough and tumble out there.

Elon sold Paypal for 1.5 billion. I am sure you would have been good at laughing at him for living in his postage stamp of an office with his brother in the early days. He came to America to live the American dream and he is doing that. You lefties want to kill off that spirit and have actually done a pretty good job.

Maybe you could go out on your front lawn and put a sign there asking people to "Honk if You Hate Elon." and shake your fist at the ones who do not honk.

 

Elon Musk says Twitter is 'trending to breakeven,' last three months were 'extremely tough'
Musk said Twitter was losing $4 million a day when he purchased the social media platform in October

 

First let's address the reality - Elon Musk had no involvement in selling Paypal. He was not with the company when it went IPO. He was not with the company when it was named Paypal. He was not with the company when it was sold to Ebay. Like many other fictions told by Musk, the self-portrayal of him as the "founder" of Paypal is one of them. The reality is that Musk took over as the CEO of a merged firm (that later became Paypal) and it floundered miserably due to his horrible bullying and poor leadership. Musk was fired as CEO after a few short months. Peter Thiel had to come in as CEO to make the company successful. The success of Paypal is due to Thiel, not to Musk. There's little wonder why Peter Thiel thinks Elon Musk is a fraud. Let's look at the facts.

Unmasking Musk: Was Elon Musk really a cofounder of PayPal?
https://tfipost.com/2021/09/unmasking-musk-was-elon-musk-really-a-cofounder-of-paypal/

Elon Musk – The PayPal reality
When it comes to PayPal, Elon Musk is often described as the cofounder of the platform hailed as the pioneer of the digital payments industry. PayPal is one of the biggest reasons why Musk carries a wonder boy PR.

Let us tell you one small fun fact- PayPal is the successor of a company originally named Confinity that came into being in 1998. Interestingly, Confinity wasn’t founded by Elon Musk, rather it was a brainchild of Max Levchin, Peter Thiel, and Luke Nosek.

The first digital payments version of Confinity was launched in 1999. By that time, a remarkably similar platform called x.com had come into being. X.com was founded by Musk, Harris Fricker, Christopher Payne and Ed Ho. Musk served as the x.com CEO.

In 2000, the two digital payments firms got merged with each other. However, combining the two firms did not turn out out be very successful. Elon Musk took over as the CEO in April 2000 and was fired in October 2000.

Later, Peter Thiel took over as the CEO of the merged company and the company got rechristened as PayPal in the year June 2001. PayPal launched its first IPO in February 2002 and later eBay purchased it for $1.5 billion. Elon Musk, who still held a stake in PayPal, made a windfall gain of $180 million from the sake and suddenly became super-rich. Later, he would invest this money into other ventures like SpaceX, Tesla and SolarCity.

So, Elon Musk was not a founder of Confinity which would go on to become PayPal. When Confinity was rechristened as PayPal, he wasn’t a CEO of the entity formed by merger of Confinity and x.com. Nor was Elon Musk the CEO of PayPal when it released its first IPO or when it subsequently signed a sale agreement with eBay.

Yet, Elon Musk has become known as the founder of PayPal and the pioneer of the digital payments industry.