Elon Musk, the man

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#2993307 7-Nov-2022 23:32

boosacnoodle:

Well, that didn't last long.

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

I wonder how long before that happens here?

Batman

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#2993326 8-Nov-2022 07:11

Geektastic:

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."

my colleague's brother works for multinational investment firm and he moves billions of dollars everyday at a few clicks of the mouse buttons. he says at those magnitude money doesn't exist, it's just numbers on a computer. the firm "earns" a few billion here and "loses" a few hundred million everywhere all the time.

you don't work at countdown to get that much money. it's just right place right time, knowing the right people and lots of risk taking. risk and reward.

sir1963

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#2993327 8-Nov-2022 07:17

"FREE SPEECH", did not last long

https://www.stuff.co.nz/world/us-canada/300733182/elon-musk-suspends-twitter-parody-accounts-for-impersonation

Musk has shown before he has very thin skin and has fire employees who disagree with him.

Batman

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#2993329 8-Nov-2022 07:22

they also fart a lot more apparently

https://edition.cnn.com/2022/11/07/world/billionaires-greenhouse-gases-climate-intl/index.html

Geektastic

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#2993665 8-Nov-2022 22:59

Batman:

my colleague's brother works for multinational investment firm and he moves billions of dollars everyday at a few clicks of the mouse buttons. he says at those magnitude money doesn't exist, it's just numbers on a computer. the firm "earns" a few billion here and "loses" a few hundred million everywhere all the time.

you don't work at countdown to get that much money. it's just right place right time, knowing the right people and lots of risk taking. risk and reward.

It depends on what you mean by exist. Is it available as a pile of dollar bills? No probably not.

Can you spend it? Sure.

Of course, most calculations of that level of wealth involve huge amounts of unrealised wealth in the form of 50% of the shares in MicroApple or whatever so it's theoretical to that extent.

Tinkerisk

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#2994031 9-Nov-2022 17:31

Geektastic:

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

What kind of flying rag collection still flies with AvGas 100LL? I would prefer helicopters with Jet-A1. ;-)

- NET: FTTH, OPNsense, 10G backbone, GWN APs, ipPBX
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kingdragonfly

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#2994757 11-Nov-2022 15:50

CBS News: Twitter saw an "immediate, visible and measurable spike" in hate speech after Elon Musk takeover, researchers find
...
Researchers also said there was an increase in negative sentiment, with more than 67% of the tweets sent after Musk's takeover having a negative tone.

"In sum, the content and tone of Twitter posts became measurably more oriented towards hate speech on the day Elon Musk became CEO of the company with significant reach attained for this hate content," the study says.
...

kingdragonfly

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#2994762 11-Nov-2022 15:57

The Guardian: Twitter slashes nearly half its workforce as Musk admits ‘massive drop’ in revenue

...Meanwhile, organizers including the National Association for the Advancement of Colored People are pushing advertisers to consider pausing their spending, citing fears over content moderation and hate speech on the platform.

Several companies have already done so.

Musk tweated: "Twitter has had a massive drop in revenue, due to activist groups pressuring advertisers, even though nothing has changed with content moderation and we did everything we could to appease the activists.

Extremely messed up! They’re trying to destroy free speech in America."

The trend, however, appears to have started with the advertisers themselves.
...

sir1963

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#2994897 11-Nov-2022 20:15

And the latest Thunderfoot video about Elon....no looking good for Elon, or twitter.

https://www.youtube.com/watch?v=9sCYxE0_W-s

Batman

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#2995187 12-Nov-2022 18:57

Batman:

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'

another billionaire doing billionaire things

https://www.theguardian.com/technology/2022/nov/09/why-mark-zuckerberg-announce-11000-job-cuts-meta

quickymart

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#2995216 12-Nov-2022 22:31

https://www.axios.com/2022/11/10/twitter-loses-two-more-top-executives

kingdragonfly

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#2995226 12-Nov-2022 23:14

Musk seems to be constantly grabbing the lion by the tail: the Federal Trade Commission, FTC

It "enforces federal consumer protection laws that prevent fraud, deception and unfair business practices. The Commission also enforces federal antitrust laws that prohibit anticompetitive mergers and other business practices that could lead to higher prices, fewer choices, or less innovation."

Techcrunch: Musk’s lawyer tells Twitter staff they won’t be liable if company violates FTC consent decree

Following a warning shot from the FTC to Twitter yesterday, TechCrunch has obtained an internal email sent by Elon Musk’s lawyer, Alex Spiro, to all remaining employees — in which he seeks to calm staffers’ concerns by claiming that they do not have individual liability for upholding the requirements of the FTC consent decree.
...
The 2011 consent decree required Twitter to establish and maintain a program to ensure and regularly report that its new features do not further misrepresent “the extent to which it maintains and protects the security, privacy, confidentiality, or integrity of any nonpublic consumer information.”

...a departing internal attorney publicly said that in fact, individual engineers do engender “personal, professional and legal risk,” seemingly in contradiction to what Elon Musk’s lawyer stated.
...

Tinkerisk

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#2995362 13-Nov-2022 08:22

kingdragonfly:

...a departing internal attorney publicly said that in fact, individual engineers do engender “personal, professional and legal risk,” seemingly in contradiction to what Elon Musk’s lawyer stated.
...

Of course, you are always responsible for that!

Some US attorneys are pretty funny guys, either extremely shrewd or straw-headed (or they fart). 😅

kingdragonfly

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#2995374 13-Nov-2022 09:45

Tinkerisk: Some US attorneys are pretty funny guys, either extremely shrewd or straw-headed (or they fart).

The Check's In the Mail

Weird Al Yankovic

kingdragonfly

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#2995379 13-Nov-2022 10:04

As mentioned in sir1963 post above, paid subscribers "only" seeing half the ads. On average Musk loses $6/month in ad revenue, so only makes $2/month on the $8.

Everyone know that bad actors, like Russia scammers, can't afford $8/month.

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