[Three of Seven]

You can view the article at https://ufplanets.com/news.php?1476-Twitter-Blues

[Solace]

I’ve been quietly enjoying the hilarious onslaught of memes this whole thing has generated. I particularly enjoyed the ribbing he received over the whole banning of accounts that don’t specify they aren’t parody accounts - accidentally giving license to allow impersonation and get away with under the banner of parody.. he’s gonna lose all his hair before Christmas from all the stress!

[Noram]

If only Twitter had been first on the scene with a wildly popular short-form video service they could have monetized...

[Three of Seven]

If only Twitter had been first on the scene with a wildly popular short-form video service they could have monetized...

RIP Vine

[darthnovawave]

On top of all this stuff, I've started hearing word that basic features of the platform like the "retweet" function are starting to become unstable as a result of all the draconian layoffs. Sadly Elon Musk is a complete idiot when it comes to business skills, and it is likely due more to his deep pockets and the competency of others that any of his business ventures aren't complete dumpster fires. It is sad that so many people have had their lives upended by all this and I suspect it will probably get worse before it gets better, assuming it does end up recovering.

News is now breaking that the CISO, the chief compliance officer, and the chief privacy officer all quit today along with a number of others from the privacy and information security teams over new breaches of the company's consent decree for rolling out changes without proper security vetting requirements outlined in the decree. It appears more and more like Musk is just trying to burn the company down to the ground, and trying to recoup some portion of the $44 billion he flushed down the drain before the final crash and burn happens.

[Stryker]

Some people knocked on Mr. Musk for laying off a bunch of folks after he acquired the company, but really company purchases and transitions are common this way as new owners try to reshape the company they buy into their vision and sometimes to turnaround towards profitability based on theirs or different business models; sometimes it works, sometimes it doesn't; only time will be the judge. Let's not forget that it was announced that "Meta (Facebook)" and "Google" announced similar layoffs, second link source (recent), third link source (recent), although a bit quieter than Twitter.

i.e. "Electronic Arts" a gaming company is notorious for this; remember "Westwood Studios" the creator of the C&C franchise? Companies buy other companies all the time; reshape or scuttle them and absorb them into the parent company.

[Three of Seven]

Some people knocked on Mr. Musk for laying off a bunch of folks after he acquired the company, but really company purchases and transitions are common this way as new owners try to reshape the company they buy into their vision and sometimes to turnaround towards profitability based on theirs or different business models; sometimes it works, sometimes it doesn't; only time will be the judge.

It's more that he didn't give notice, which is a violation of various state laws, you can't just wade into a company, and tell people they are fired, without notice, I'm sure it's legal in some states of the US, and some countries, but even then, that doesn't make it morally right. Though, the dismissal of people isn't what I wrote the article about, that is a different subject, the article is about the disaster of Twitter Blue, and how open it is to abuse, as well as scams.

[Stryker]

It's more that he didn't give notice, which is a violation of various state laws, you can't just wade into a company, and tell people they are fired, without notice, I'm sure it's legal in some states of the US, and some countries, but even then, that doesn't make it morally right. Though, the dismissal of people isn't what I wrote the article about, that is a different subject, the article is about the disaster of Twitter Blue, and how open it is to abuse, as well as scams.

I dropped all my social media years ago when things got more toxic and people got meaner. Glad I did, I never really used them, but seeing how I have worked in government most of my life, a simple message or tweet can scuttle your job position quick. Figured since Twitter went private, who knows really what will happen; whomever controls it as a private company can do probably more than a public one. We'll just have to sit back and see what comes from the ashes.

[Jordan]

Well that aged like milk! Their big sponsors probably weren’t pleased about all the impersonation accounts getting “verified” 😬

[Three of Seven]

Figured since Twitter went private, who knows really what will happen; whomever controls it as a private company can do probably more than a public one. We'll just have to sit back and see what comes from the ashes.

Sorry, I'm a little confused by this statement, Twitter has always been a private company, it's never been a government run organisation.

[Taku]

Sorry, I'm a little confused by this statement, Twitter has always been a private company, it's never been a government run organisation.

Privately held vs publicly traded.

As of October 27, 2022, Twitter, Inc. was taken private.

Meaning it is not a publicly traded company on any stock exchange.

[Three of Seven]

Okay, but I don't really see how that changes what it can do, other than stock price fluctuations.

[darthnovawave]

Okay, but I don't really see how that changes what it can do, other than stock price fluctuations.

Publicly traded companies are required to disclose financial and other types of operations insights as part of the cost for putting shares of their company stock on trading exchanges, whereas a privately held company is in many ways treated similarly to a private individual, so unless required to do so by something else such as under a consent decree, there may be little to no information disclosed to the public.

[Three of Seven]

Publicly traded companies are required to disclose financial and other types of operations insights as part of the cost for putting shares of their company stock on trading exchanges, whereas a privately held company is in many ways treated similarly to a private individual, so unless required to do so by something else such as under a consent decree, there may be little to no information disclosed to the public.

Fair enough, capitalism is weird innit.