This is incentive to build a better fediverse or decentralized social network or whatever you want to call it. There are lots of projects working on it, obviously, and lots of people already doing it to some extent, but this is one of those events that illustrate why it's a thing worth continuing to push on and move forward.

Do you mean 600 million in profit?

Twitter has done over a billion in revenue in each of the past several quarters

Edited

> are we witnessing a sinking ship

Im not saying I’m all the way there in thinking this but I’m really starting to wonder if everyone got caught with their pants down. The banks heard Elon Musk and probably didn’t do their due diligence in the loan, with the speed of this thing it’s not hard to imagine he is not as in command of the situation as he’d like people to believe. Either way it’s going to make a great business school case study.

The opposite. You're witnessing a ship that was sinking that's about to become buoyant.

Elon is is full of hot air, yes, but not _that_ much hot air.

Reddit will implement Twitter-like feeds and hashtags and eat their lunch. Twitter content creators hate Elon.

I have a very hard time believing Reddit can/will do it better.

Yeah. Not just that, but for the past 2-3 years, I felt like I've been watching reddit disintegrate in real time, at an accelerating rate.

Their IPO has been "just around the corner" for the past 3 years or so. And with more time passing, the more improbable it seems to ever happen. At first, it seemed like the IPO timeline couldve been affected by COVID. But at this point, I don't think reddit will ever IPO. And if it does, it will just be a last ditch attempt to kickstart a countdown do its death.

They missed the boat. Time of IPOs at least big ones is over for a while...

Speak for yourself

It was sinking already, to be sure, but I don't really see any reasons to be so optimistic that this group can make it "buoyant".

Extremely different industries, the only web tech job Elon has experience with was X.com where he was a fucking walking nightmare to work with. Seems like he's going the same direction of being a fucking walking nightmare to Twitter. Let's see in some quarters.

I have no hopes at all.

He wasn't exactly known for cars or rockets either.

I'm impressed by those companies too, but I don't think the experience of running them is very transferable to running a social network. Indeed, having two other big complicated companies to run at the same time is another reason I'm skeptical. He's going to get bored with running such a crappy and pedestrian company and go back to focusing on the better and more interesting ones.