Elon Musk, the man

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Forums › Politics › Elon Musk, the man

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#2992098 5-Nov-2022 00:24

Automakers Ford and General Motors told Forbes last week they will not be buying ad space on Twitter until they better understand the platform's future.

Twitter won't show much content without signing in to an account. Display the content and show me an ad like the rest of the internet. Ok I know why they do it but I don't have to like it..

kingdragonfly

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#2992111 5-Nov-2022 07:42

As far as yelling at things that can't change, fundamentally Musk created the situation. If he could keep his mouth, ego and messiah complex in check, this would have never happened.

If an movie executive was given a script on a billionaire's downfall based on loosely on this Twitter deal, they probably chastise the writer for saying it was unrealistic; Only a masochist would inflict so much pain on themselves.

In sport terms, this is Musk's unforced error.

He doesn't lack for projects that are yet to be completed he chose the following actions

trash talk Twitter
purchase Twitter without due diligence, or considering their lack of profits
trash talk the company he just purchased
hint that he's allowing highly public toxic individuals onto the platform
get buyer's remorse and attempt to back out
when he finally realized the courts wouldn't let him back out of a contract, reluctantly accepted his fate
fired executives, including ones managing advertising, which provide 90% of the income
again hint that he's allowing highly public toxic individuals onto the platform
post a homophobic tweat without checking it source
scaring away advertisers
asking users who are used to a free service to pay a monthly charge

So if you love Tesla cars and SpaceX, maybe have a word with your man encouraging him to drop Twitter like the radioactive potato that it is.

SJB

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#2992119 5-Nov-2022 08:27

You can add sacking half the workforce to that list.

quickymart

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#2992365 5-Nov-2022 22:17

https://www.semafor.com/article/11/04/2022/list-of-companies-pausing-twitter-ads

This list has some fairly big names on it.

kingdragonfly

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#2992416 6-Nov-2022 11:20

Fortune: Tesla’s Elon Musk faces trial, again—this time over his $56 billion paycheck that’s the ‘largest in human history’

...Musk faces yet another trial before the very Delaware judge who forced him to honor his contract with Twitter’s board to purchase the social media company. This time, however, it’s about something much more personal: his own pay.

Starting Nov. 14, Elon Musk as well as present and former directors must ... defend a mammoth compensation package handed out in 2018 that entitled him to up to $55.8 billion in stock options.

A plaintiff argued the board failed to perform its fiduciary duty to minority investors by green-lighting “the largest compensation grant in human history” — even though the grant was put to a shareholder vote and approved.

At its heart is the issue whether Elon Musk can be considered a controlling shareholder on both sides of the transaction
...

Rikkitic

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#2992424 6-Nov-2022 11:57

Just stop and consider for a moment. Can any normal person leading a normal life even think in terms of tens or hundreds of BILLIONS of dollars? What does that actually mean? Does someone like a Musk or Zuckerberg have any idea what anything really costs? Do they ever think jeez a hundred bucks for a meal is a lot? Do they shit gold bricks? Is it just numbers on a Monopoly board? I can't even begin to conceive a notion of what a billion dollars is. I guess I could stay in a lot of upmarket hotels. Maybe buy a private jet or two. Even give some to charity (not too much, of course). Or just let it sit in a bank account and watch the interest accumulate. What does a billion dollars mean?

Plesse igmore amd axxept applogies in adbance fir anu typos

Tinkerisk

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#2992703 7-Nov-2022 01:27

Rikkitic:

Does someone like a Musk or Zuckerberg have any idea what anything really costs?

These people are to me what money is to them: irrelevant.

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johno1234

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#2992707 7-Nov-2022 06:45

Rikkitic:
Just stop and consider for a moment. Can any normal person leading a normal life even think in terms of tens or hundreds of BILLIONS of dollars? What does that actually mean? Does someone like a Musk or Zuckerberg have any idea what anything really costs? Do they ever think jeez a hundred bucks for a meal is a lot? Do they shit gold bricks? Is it just numbers on a Monopoly board? I can't even begin to conceive a notion of what a billion dollars is. I guess I could stay in a lot of upmarket hotels. Maybe buy a private jet or two. Even give some to charity (not too much, of course). Or just let it sit in a bank account and watch the interest accumulate. What does a billion dollars mean?

It’s far beyond having meaning for what you can personally use but it means a lot for what you can own and control. Musk’s compensation alone enough to purchase Twitter for example.

MikeAqua

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#2992723 7-Nov-2022 08:15

Rikkitic:

Just stop and consider for a moment. Can any normal person leading a normal life even think in terms of tens or hundreds of BILLIONS of dollars?

Mathematically I can conceive Billions of dollars. As far as having that much wealth goes - I can't really imagine it. I just see it as an amount of money that would enable me to never have to work again. I can see the life I would have. But, I have no idea what I'd do with all that money. I'd be done spending at about $10m on property and $1.5m on boats and cars. I could live extremely comfortably on $400k per year. But then what - private jet?

Mike

johno1234

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#2992728 7-Nov-2022 08:28

MikeAqua:

Rikkitic:

Just stop and consider for a moment. Can any normal person leading a normal life even think in terms of tens or hundreds of BILLIONS of dollars?

Mathematically I can conceive Billions of dollars. As far as having that much wealth goes - I can't really imagine it. I just see it as an amount of money that would enable me to never have to work again. I can see the life I would have. But, I have no idea what I'd do with all that money. I'd be done spending at about $10m on property and $1.5m on boats and cars. I could live extremely comfortably on $400k per year. But then what - private jet?

Owing a jet sounds like too much work and admin for my liking. I'd just hire one when needed.

Oh to have such problems!

boosacnoodle

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#2992737 7-Nov-2022 08:57

Well, that didn't last long.

https://techcrunch.com/2022/11/04/starlink-adds-a-1tb-monthly-soft-cap-for-residential-users/

frankv

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#2993208 7-Nov-2022 17:30

Rikkitic:

Just stop and consider for a moment. Can any normal person leading a normal life even think in terms of tens or hundreds of BILLIONS of dollars? What does that actually mean? Does someone like a Musk or Zuckerberg have any idea what anything really costs? Do they ever think jeez a hundred bucks for a meal is a lot? Do they shit gold bricks? Is it just numbers on a Monopoly board? I can't even begin to conceive a notion of what a billion dollars is. I guess I could stay in a lot of upmarket hotels. Maybe buy a private jet or two. Even give some to charity (not too much, of course). Or just let it sit in a bank account and watch the interest accumulate. What does a billion dollars mean?

A billion dollars is 1,000 helicopters. Or about the same number of Ferraris. Interest on a billion dollars, even at 1%, is an income of $10M per year.

A Gulfstream G700, which is probably the best private jet (sleeps 9, including an actual bed for you), is $75M brand new. You could buy one of these every 8 years just out of your 1% interest income.

Batman

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#2993217 7-Nov-2022 18:04

ah but to have the billion dollars you must make sure other people don't take any money or you won't have that billion dollars

'There is no choice when the company is losing over $4M/day'

Geektastic

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#2993305 7-Nov-2022 23:18

MikeAqua:

Mathematically I can conceive Billions of dollars. As far as having that much wealth goes - I can't really imagine it. I just see it as an amount of money that would enable me to never have to work again. I can see the life I would have. But, I have no idea what I'd do with all that money. I'd be done spending at about $10m on property and $1.5m on boats and cars. I could live extremely comfortably on $400k per year. But then what - private jet?

That's $65 million plus avgas, insurance, crew remuneration, servicing, storage, landing fees etc etc etc.

You do not need Musk level money though - Peter Jackson has one.

Geektastic

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#2993306 7-Nov-2022 23:29

Rikkitic:

Just stop and consider for a moment. Can any normal person leading a normal life even think in terms of tens or hundreds of BILLIONS of dollars? What does that actually mean? Does someone like a Musk or Zuckerberg have any idea what anything really costs? Do they ever think jeez a hundred bucks for a meal is a lot? Do they shit gold bricks? Is it just numbers on a Monopoly board? I can't even begin to conceive a notion of what a billion dollars is. I guess I could stay in a lot of upmarket hotels. Maybe buy a private jet or two. Even give some to charity (not too much, of course). Or just let it sit in a bank account and watch the interest accumulate. What does a billion dollars mean?

I have no great difficulty in imagining it. I have worked for luxury lodges in NZ and seen bill to clients for a 10 day stay that were US$144,000. One guest group disembarked their yacht in Auckland and had their helicopter ferry them from lodge to lodge until they got down south where they boarded the yacht and sailed off. On one trip I took them on they were sat in the back having a conversation about whether to spend Christmas at their house in Vail, their Chalet in Gstaad or on the yacht somewhere warm.

It's partly why I roll my eyes when I see comment in the NZ press that "there are x people earning $100,000 a year". There are graduate lawyers getting that in their first jobs in London and New York these days. My friend's son works for Pokemon and his bonus last year was half that on top of his healthy salary.

There is a big world out there full of the movers and shakers whose decisions often have far more effect on NZ than anything done in the Beehive.

As the saying goes, "A billion here, a billion there and pretty soon you're talking about serious money."

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