A flat amount leaves millions on the table. It has to be a function of exposure.
you pay less the more exposure it has. Deleting a post and saying sorry after 100,000 views only costs $5. Deleting before anyone sees it costs $5,000
Getting dragged in the comments for my criminally bad take, but I have to wait for most of the world to see it if I want to be able to pay rent. :obama-socialism:
You will take the abuse
You will pay the fee
You will pay the rent
You will eat the bugs
Make blue checks into even more of a joke than they already are?
Alright I guess
So if there is a million verified users (there cant be, can there?) this would raise almost 60 million a year. In just 3 years he will be able to pay the exit packages of the 3 execs he fired.
https://www.cnn.com/2022/10/28/tech/elon-musk-twitter-golden-parachutes/index.html
Then, in 733 more years he will recoup the 44 billion that it cost to buy twitter.
Googled it, there are remarkably, an absurdly high amount of verified accounts, almost 300k.
Twitter is useful for disseminating misinformation, though. Very useful for the state. Maybe it'll end up subsidized.
Twitter needs to pay $1bn per year just in interest on those loans. Also, the new number seems to be $20 per verified account.
So Twitter becomes the de facto debtor from the loans used for its own acquisition? Lololol
Welcome to the world of mergers and acquisitions. I was involved in it for a minute and it was an important early step in my radicalization.
Truly amazing. It's like getting a mortgage but like, you just pay the down payment, some other guy has to pay off the rest. Also you get to collect rent the rest of the time. Lmao
Also at the same time borrowing some money for the down payment. Lol
wait, I kinda understand this but not really- is there an essay or youtube vid explaining this?
Well if I've understood correctly, Muskipoo got to buy Twitter with mostly borrowed money. He put in roughly $15B of his own money, and the rest was covered by loans that must now be paid off with revenue from Twitter...
YEP! That's very common! Toys R Us was profitable and then got bought and shut down because it couldn't pay the debts of the people who bought it!
Imagine if banks were forced to pay off the debts of house buyers
Elon used like ~$15bn of his own money. The Saudis "gave" around $5bn (gave = Elon didn't buy their shares, so they are still partial owners). The rest is ~$35bn in financing that Twitter now owes to the banks.
At $20/month, it'd still take him 183 years
Still not taking the loans into account
I know at least some in the science community are because they've testified to congress about climate change and people were harassing / trying to impersonate them or something. So at least there's some reason for having so many.
an absurdly high amount of verified accounts, almost 300k.
Most of that is vanity shit.
I've seen people complain that it's very hard for scientists to get verified. I just googled about it. I found what seemed to be a good article but the fuckers put it behind a paywall and the Archive link is also the paywalled article. But the intro does say this...
Twitter’s account-verification service lacks a specific category for scientists
The main prevention of it is that no one would trust him to not just.. tweet that he is doing a bribe.
The real bluecheck is that 'chinese state media' thing anyway, not about to charge for that
IIRC, if all current blue checks get verified, this would bring in ~$20 million per year. Twitter owes around ~$1bn per year in interest to finance its own takeover.
Elon's done the math. He's going to use Twitter leverage, Living on Mars™, and next gen electric batteries. He's got this. Just don't ask me how.
It's so funny to me that Elon spent $44 billion on Twitter just as it's becoming clear to everyone that they never had a business model of any sort and they've just been kept afloat by gullible investors for a decade
Defeats the point of verification but sure go for it Elon :sicko-hexbear:
lol gonna be funny watching him gut Twitter trying to recoup his losses and still fail
Hahahahaha yes! This is so fucking funny :antelope-popcorn:
:blue-check: :blob-on-fire: :blue-check: :blob-on-fire: :blue-check: :blob-on-fire: :blue-check: :blob-on-fire: :blue-check: :blob-on-fire: :blue-check: :blob-on-fire:
Yes YES! :sicko-yes: Burn this platform to the ground!
