IS Forum
Forum Index Register Members List Events Search Today's Posts Mark Forums Read Help

Go Back   International Skeptics Forum » General Topics » Social Issues & Current Events
 


Welcome to the International Skeptics Forum, where we discuss skepticism, critical thinking, the paranormal and science in a friendly but lively way. You are currently viewing the forum as a guest, which means you are missing out on discussing matters that are of interest to you. Please consider registering so you can gain full use of the forum features and interact with other Members. Registration is simple, fast and free! Click here to register today.
Tags elon musk , twitter

Reply
Old 19th July 2023, 10:41 PM   #161
arthwollipot
Observer of Phenomena
Pronouns: he/him
 
arthwollipot's Avatar
 
Join Date: Feb 2005
Location: Ngunnawal Country
Posts: 85,415
Yeah, I'm with Zaganza on this one. It's bad business practice (and possibly illegal) to mix personal finances with business finances.
__________________
A million people can call the mountains a fiction
Yet it need not trouble you as you stand atop them

https://xkcd.com/154/
arthwollipot is online now   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 19th July 2023, 11:14 PM   #162
Puppycow
Penultimate Amazing
 
Puppycow's Avatar
 
Join Date: Jan 2003
Location: Yokohama, Japan
Posts: 28,678
Originally Posted by The Great Zaganza View Post
BIG difference.

Musk can let Twitter sink under a mountain of debt without going under himself.
Originally Posted by arthwollipot View Post
Yeah, I'm with Zaganza on this one. It's bad business practice (and possibly illegal) to mix personal finances with business finances.
I'm talking about whether he will ever recoup his investment. Sure, if Twitter goes bankrupt, that's different from Musk himself going bankrupt. But then Twitter's creditors will end up owning it.

How Elon bought Twitter with other people's money

Quote:
Yes, Elon Musk is the richest person in the world. But he only used some of his cash to buy Twitter for $44 billion. For the rest of it, he used a tactic called a leveraged buyout and spent $13 billion of borrowed money on the acquisition. And now Twitter—not Elon—is on the hook for that loan.
So he paid $31 billion of his own money, right? And borrowed another $13 billion for the rest, which is owed by Twitter, not him personally.

But if Twitter at some point in the future is unable to pay off those loans, he will either have to find a way to raise more money (from people who will naturally want something for their investment) or make the payments himself, or have the company declare bankruptcy, in which case he may no longer own the company anymore. At a minimum he's out $31 billion if Twitter never returns to profitability.
__________________
A fool thinks himself to be wise, but a wise man knows himself to be a fool.
William Shakespeare
Puppycow is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 20th July 2023, 01:13 AM   #163
jeremyp
Illuminator
 
Join Date: Aug 2003
Location: ZZ9 Plural Z Alpha
Posts: 3,815
Originally Posted by Puppycow View Post
A distinction without a difference. Musk is the owner of Twitter. Twitter's money is Musk's money.
Of course there’s a difference. Musk owns Twitter but their finances are separate. Twitter is a limited company. If Twitter goes bankrupt, Musk is not also bankrupt.
jeremyp is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 20th July 2023, 02:53 AM   #164
jimbob
Uncritical "thinker"
Moderator
 
jimbob's Avatar
 
Join Date: Jan 2007
Location: UK
Posts: 31,372
Originally Posted by jeremyp View Post
Of course there’s a difference. Musk owns Twitter but their finances are separate. Twitter is a limited company. If Twitter goes bankrupt, Musk is not also bankrupt.
Like me taking out a buy-to-let mortgage and persuading the bank that the house should owe the debt not me. And, I would like to see if Musk is charging Twitter any management fees, which KKR or Black Rock do when they buy companies (via leveraged debt)
__________________
OECD healthcare spending
Public/Compulsory Expenditure on healthcare
https://data.oecd.org/chart/60Tt

Every year since 1990 the US Public healthcare spending has been greater than the UK as a proportion of GDP. More US Tax goes to healthcare than the UK
jimbob is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 20th July 2023, 06:38 AM   #165
Puppycow
Penultimate Amazing
 
Puppycow's Avatar
 
Join Date: Jan 2003
Location: Yokohama, Japan
Posts: 28,678
Originally Posted by jimbob View Post
Like me taking out a buy-to-let mortgage and persuading the bank that the house should owe the debt not me.
A house cannot owe money, but you could create a company, ("Jimbob's Estates") and have the company borrow the money to buy the house. Then the company, not you, would be responsible for the debt. If this arrangement is acceptable to the bank, I don't see why it couldn't work in principle.
__________________
A fool thinks himself to be wise, but a wise man knows himself to be a fool.
William Shakespeare
Puppycow is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 20th July 2023, 10:51 AM   #166
Gulliver Foyle
Master Poster
 
Gulliver Foyle's Avatar
 
Join Date: Dec 2014
Location: Cork baaaiii
Posts: 2,815
Originally Posted by The Great Zaganza View Post
BIG difference.

Musk can let Twitter sink under a mountain of debt without going under himself.
No he can't, most of the debt notes are held by Mohammed bin Salman ibn Saud.

Plus, because Twitter was such a bad purchase, Musk had to secure debt on Tesla stock.
__________________
Ceterum autem censeo Factio Republicanus esse delendam

Last edited by Gulliver Foyle; 20th July 2023 at 10:52 AM.
Gulliver Foyle is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 20th July 2023, 10:59 AM   #167
lobosrul5
Philosopher
 
lobosrul5's Avatar
 
Join Date: Nov 2017
Posts: 6,705
Originally Posted by Gulliver Foyle View Post
No he can't, most of the debt notes are held by Mohammed bin Salman ibn Saud.
Are you implying that Musk will be assassinated by the Sauds if he defaults? Else, his debt is the same as any other.

Quote:
Plus, because Twitter was such a bad purchase, Musk had to secure debt on Tesla stock.
Nothing even remotely unusual with stock being used as loan collateral.

The worst legal consequence for Musk over the Twitter deal is he loses control of Tesla.

I guess the really worst case for Musk is he becomes short one head.
lobosrul5 is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 20th July 2023, 12:08 PM   #168
The Great Zaganza
Maledictorian
 
The Great Zaganza's Avatar
 
Join Date: Aug 2016
Posts: 21,574
Originally Posted by Gulliver Foyle View Post
No he can't, most of the debt notes are held by Mohammed bin Salman ibn Saud.

Plus, because Twitter was such a bad purchase, Musk had to secure debt on Tesla stock.
he can't because he would be invited to a Tea and Dismemberment Party?
because I don't see a legal reason why he couldn't.
__________________
“Don’t blame me. I voted for Kodos.”
The Great Zaganza is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 20th July 2023, 12:19 PM   #169
jeremyp
Illuminator
 
Join Date: Aug 2003
Location: ZZ9 Plural Z Alpha
Posts: 3,815
Originally Posted by lobosrul5 View Post
Are you implying that Musk will be assassinated by the Sauds if he defaults? Else, his debt is the same as any other.



Nothing even remotely unusual with stock being used as loan collateral.

The worst legal consequence for Musk over the Twitter deal is he loses control of Tesla.

I guess the really worst case for Musk is he becomes short one head.
Definitely not unusual to use stock for loan collateral. It's really the only way that Musk can convert his paper billions into real money, because

a) if he sells shares it impacts the price of Tesla stock making him technically poorer

b) the profits from any shares he sells are liable for tax.

In fact, it is estimated that around 90% of Musk's Tesla shares are pledged as loan collateral.
jeremyp is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 20th July 2023, 12:31 PM   #170
lobosrul5
Philosopher
 
lobosrul5's Avatar
 
Join Date: Nov 2017
Posts: 6,705
Originally Posted by jeremyp View Post
Definitely not unusual to use stock for loan collateral. It's really the only way that Musk can convert his paper billions into real money, because

a) if he sells shares it impacts the price of Tesla stock making him technically poorer

b) the profits from any shares he sells are liable for tax.

In fact, it is estimated that around 90% of Musk's Tesla shares are pledged as loan collateral.
I would think, his creditors would just take over the pledged shares if he defaults, not sell them. Yes if Musk put in a market sell order for his entire holding of Tesla the price would crash... heck it might cause the NASDAQ to halt trading.

Last edited by lobosrul5; 20th July 2023 at 12:33 PM.
lobosrul5 is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 21st July 2023, 12:31 AM   #171
Gulliver Foyle
Master Poster
 
Gulliver Foyle's Avatar
 
Join Date: Dec 2014
Location: Cork baaaiii
Posts: 2,815
Originally Posted by lobosrul5 View Post
Are you implying that Musk will be assassinated by the Sauds if he defaults? Else, his debt is the same as any other.



Nothing even remotely unusual with stock being used as loan collateral.

The worst legal consequence for Musk over the Twitter deal is he loses control of Tesla.

I guess the really worst case for Musk is he becomes short one head.
Assassination is such an ugly word, please use conscious dismemberment.

Oh and if Musk loses his Tesla stock he's no longer wealthy because so much of his net worth is tied up in it. Like most ultra rich people Musk takes his income in stock options as a tax dodge (it's much cheaper to take out loans on stock and pay interest on same than to take pay and pay income tax and pay related insurance on same, hence why capital gains and stock options should be treated exactly like a salary income).

But tying up $44bn of his personal wealth in loans for a company he's destroying is a massive issue down the line financially.
__________________
Ceterum autem censeo Factio Republicanus esse delendam
Gulliver Foyle is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 21st July 2023, 12:55 AM   #172
jeremyp
Illuminator
 
Join Date: Aug 2003
Location: ZZ9 Plural Z Alpha
Posts: 3,815
Originally Posted by lobosrul5 View Post
I would think, his creditors would just take over the pledged shares if he defaults, not sell them.
I think that would depend on whether the creditors wanted Tesla stock or not.

Quote:
Yes if Musk put in a market sell order for his entire holding of Tesla the price would crash... heck it might cause the NASDAQ to halt trading.
No he doesn't need to sell his entire holding to affect the price, and Tesla doesn't have to crash to put him in jeopardy. All the shares pledged as collateral have to maintain a certain price or they won't cover the loans. If that happens, Musk either has to repay some of the loan or pledge more stock. He hasn't really got that much more stock to pledge.
jeremyp is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 21st July 2023, 07:31 AM   #173
angrysoba
Philosophile
 
angrysoba's Avatar
 
Join Date: Dec 2009
Location: Osaka, Japan
Posts: 35,256
Two liberal ex-professors are shocked SHOCKED that there are parts of Twitter that one of them calls Nazi Twitter. He explains that when he says Nazis, he means Nazis! Apparently some of these guys like Hitler. But the worst thing is that he has found out that many of the people he likes are hanging out with these Nazis, including his defenders and some others who were on the same side as him on Covid.

His wife is similarly shocked to find out that her own intolerant friends apparently don't believe in women voting.

It's hard when these two were such big proponents of Elon Musk that they began that whole #gotyourbackElon hashtag that everyone will recemember.

Anyway, enough of my waffling, just listen to these two.
__________________
Слава Україні! **** Putin!
angrysoba is online now   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 22nd July 2023, 11:41 AM   #174
jeremyp
Illuminator
 
Join Date: Aug 2003
Location: ZZ9 Plural Z Alpha
Posts: 3,815
Twitter sure has a lot of money for lawyers considering they're not paying their bills.

https://arstechnica.com/tech-policy/...investigation/

Apparently, some Tesla shareholders are asking about the Tesla employees that were used by Musk when he initially took over Twitter.
jeremyp is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 03:35 AM   #175
Andy_Ross
Penultimate Amazing
 
Andy_Ross's Avatar
 
Join Date: Jun 2010
Posts: 46,371
Elon tweeted

Quote:
And soon we shall bid adieu to the twitter brand and, gradually, all the birds
And

Quote:
If a good enough X logo is posted tonight, we’ll make go live worldwide tomorrow
__________________
Formerly known as Captain Swoop
Andy_Ross is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 04:08 AM   #176
jimbob
Uncritical "thinker"
Moderator
 
jimbob's Avatar
 
Join Date: Jan 2007
Location: UK
Posts: 31,372
Originally Posted by Andy_Ross View Post
Elon tweeted



And
I mean Twitter's brand was getting trashed, but it was still worth more than the replacement.

Also trying his "X" brand to the prominent binfire he's creating in Twitter is a very strong negative for the rest of his companies.
__________________
OECD healthcare spending
Public/Compulsory Expenditure on healthcare
https://data.oecd.org/chart/60Tt

Every year since 1990 the US Public healthcare spending has been greater than the UK as a proportion of GDP. More US Tax goes to healthcare than the UK
jimbob is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 04:25 AM   #177
TurkeysGhost
Penultimate Amazing
 
TurkeysGhost's Avatar
 
Join Date: Apr 2018
Posts: 35,043
Originally Posted by jimbob View Post
I mean Twitter's brand was getting trashed, but it was still worth more than the replacement.

Also trying his "X" brand to the prominent binfire he's creating in Twitter is a very strong negative for the rest of his companies.
Musks fortune is in no small part due the the fact that he got fired from Paypal before his terrible ideas could run that company into the ground, but now he's on a position where it's much harder for anyone to stop him from commiting business suicide.
__________________
Previously known as SuburbanTurkey
TurkeysGhost is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 07:15 AM   #178
Upchurch
Papa Funkosophy
 
Upchurch's Avatar
 
Join Date: May 2002
Location: St. Louis, MO
Posts: 34,190
You mean X, the universal UI element for quitting out of something on a computer?

That's the kind Musk intelligence, foresight, and leadership we come to expect.
__________________
"There is nothing more deceptive than an obvious fact." -- Sherlock Holmes.
"It’s easier to fool people than to convince them that they have been fooled." -- Mark Twain, maybe.
Upchurch is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 08:18 AM   #179
Jack by the hedge
Safely Ignored
 
Jack by the hedge's Avatar
 
Join Date: Oct 2009
Posts: 16,025
Originally Posted by Puppycow View Post
A house cannot owe money, but you could create a company, ("Jimbob's Estates") and have the company borrow the money to buy the house. Then the company, not you, would be responsible for the debt. If this arrangement is acceptable to the bank, I don't see why it couldn't work in principle.
So in the case of Musk buying Twitter, which entity borrowed the money and which entity consequently paid for and owns Twitter?
Jack by the hedge is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 09:04 AM   #180
jeremyp
Illuminator
 
Join Date: Aug 2003
Location: ZZ9 Plural Z Alpha
Posts: 3,815
Originally Posted by Jack by the hedge View Post
So in the case of Musk buying Twitter, which entity borrowed the money and which entity consequently paid for and owns Twitter?
https://www.reuters.com/markets/us/h...er-2022-10-07/

Musk had to raise $46.5 billion to cover the asking price and other costs.

Banks provided £13 billion in loans

Musk's holding in Twitter came to about another $4 billion

Investments from other parties like Larry Ellison and Saudi Arabia came to around £7 billion

Musk raised the rest presumably by selling Tesla shares.

The entity that bought out Twitter was a corporation called X Holdings, created by Musk specifically for the purpose. X Holdings is a holding company that has one subsidiary, noew called X Corp and X Corp is what used to be Twitter.

The $13 billion in loans were transferred to Twitter on acquisition.
jeremyp is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 09:57 AM   #181
Andy_Ross
Penultimate Amazing
 
Andy_Ross's Avatar
 
Join Date: Jun 2010
Posts: 46,371
Twitter owner Elon Musk has said he wants to get rid of the Twitter bird logo, and replace it with an "X".

Quote:
However, Mr Musk also has a history of making statements that fail to happen or are not serious.

Mr Musk, who has changed the name of the business to X Corp, said the replacement "should have been done a long time ago".

According to reports, the billionaire wants to create a "super app" called "X" which is similar to China's WeChat.
https://www.bbc.co.uk/news/business-66284304
__________________
Formerly known as Captain Swoop
Andy_Ross is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 10:09 AM   #182
Jack by the hedge
Safely Ignored
 
Jack by the hedge's Avatar
 
Join Date: Oct 2009
Posts: 16,025
How about a compromise: replace the logo with the Dead Bod meme that graffiti artist from Hull paints all over the place, and use an X for its eye?

(Worth a Google, rest of the world folks. It's really odd.)
Jack by the hedge is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 10:11 AM   #183
Jack by the hedge
Safely Ignored
 
Jack by the hedge's Avatar
 
Join Date: Oct 2009
Posts: 16,025
I wonder if a "super app" is like a wunderwaffe.
Jack by the hedge is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 10:34 AM   #184
TurkeysGhost
Penultimate Amazing
 
TurkeysGhost's Avatar
 
Join Date: Apr 2018
Posts: 35,043
Originally Posted by Andy_Ross View Post
Twitter owner Elon Musk has said he wants to get rid of the Twitter bird logo, and replace it with an "X".



https://www.bbc.co.uk/news/business-66284304
Why not? Musk has already devalued everything else, why not trash the brand recognition too.

Musk has succeeded in making Twitter into a second-rate knockoff of itself, though generally the Twitter clones don't cost billions of dollars to create.
__________________
Previously known as SuburbanTurkey
TurkeysGhost is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 10:39 AM   #185
Andy_Ross
Penultimate Amazing
 
Andy_Ross's Avatar
 
Join Date: Jun 2010
Posts: 46,371
Who would pay billions to buy one of the most recognised brand logos in the world then decide to get rid of it?
__________________
Formerly known as Captain Swoop
Andy_Ross is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 10:49 AM   #186
jimbob
Uncritical "thinker"
Moderator
 
jimbob's Avatar
 
Join Date: Jan 2007
Location: UK
Posts: 31,372
Originally Posted by Andy_Ross View Post
Who would pay billions to buy one of the most recognised brand logos in the world then decide to get rid of it?
I refer you to the highlighted part of this earlier reply.
Originally Posted by Upchurch View Post
You mean X, the universal UI element for quitting out of something on a computer?

That's the kind Musk intelligence, foresight, and leadership we come to expect.
__________________
OECD healthcare spending
Public/Compulsory Expenditure on healthcare
https://data.oecd.org/chart/60Tt

Every year since 1990 the US Public healthcare spending has been greater than the UK as a proportion of GDP. More US Tax goes to healthcare than the UK
jimbob is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 10:56 AM   #187
Axxman300
Philosopher
 
Axxman300's Avatar
 
Join Date: Mar 2012
Location: Central California Coast
Posts: 6,811
Great move, because X doesn't already have a well-established presence on the internet, or a multi-billion dollar industry behind it.

Oh wait, I just Googled X and had to take it off Safe Search. Holy cow! Someone should show Elon what comes up when you search X!

Seriously, how many government and corporate internet servers might end up blocking Twitter X automatically due to the name?
__________________
Disingenuous Piranha
Axxman300 is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 10:59 AM   #188
jimbob
Uncritical "thinker"
Moderator
 
jimbob's Avatar
 
Join Date: Jan 2007
Location: UK
Posts: 31,372
Originally Posted by Axxman300 View Post
Great move, because X doesn't already have a well-established presence on the internet, or a multi-billion dollar industry behind it.

Oh wait, I just Googled X and had to take it off Safe Search. Holy cow! Someone should show Elon what comes up when you search X!

Seriously, how many government and corporate internet servers might end up blocking Twitter X automatically due to the name?
Snort
__________________
OECD healthcare spending
Public/Compulsory Expenditure on healthcare
https://data.oecd.org/chart/60Tt

Every year since 1990 the US Public healthcare spending has been greater than the UK as a proportion of GDP. More US Tax goes to healthcare than the UK
jimbob is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 11:11 AM   #189
TurkeysGhost
Penultimate Amazing
 
TurkeysGhost's Avatar
 
Join Date: Apr 2018
Posts: 35,043
Originally Posted by Andy_Ross View Post
Who would pay billions to buy one of the most recognised brand logos in the world then decide to get rid of it?
Quite mysterious. Musk could have created a lousy Twitter clone using his x.com branding full of spam bots and weird Elon fanboys for a fraction of the fortune he paid for Twitter. He doesn't seem interested in preserving any of this company he paid way too much for.

Increasingly difficult to see any reason for him to buy Twitter and run it into the ground other than he's a not very smart reactionary with an easily bruised ego and poor impulse control.
__________________
Previously known as SuburbanTurkey

Last edited by TurkeysGhost; 23rd July 2023 at 11:12 AM.
TurkeysGhost is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 11:19 AM   #190
jimbob
Uncritical "thinker"
Moderator
 
jimbob's Avatar
 
Join Date: Jan 2007
Location: UK
Posts: 31,372
Originally Posted by TurkeysGhost View Post
Quite mysterious. Musk could have created a lousy Twitter clone using his x.com branding full of spam bots and weird Elon fanboys for a fraction of the fortune he paid for Twitter. He doesn't seem interested in preserving any of this company he paid way too much for.

Increasingly difficult to see any reason for him to buy Twitter and run it into the ground other than he's a not very smart reactionary with an easily bruised ego and poor impulse control.
Who surrounds himself with sycophants so he thinks he's a genius in multiple fields
__________________
OECD healthcare spending
Public/Compulsory Expenditure on healthcare
https://data.oecd.org/chart/60Tt

Every year since 1990 the US Public healthcare spending has been greater than the UK as a proportion of GDP. More US Tax goes to healthcare than the UK
jimbob is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 11:23 AM   #191
jeremyp
Illuminator
 
Join Date: Aug 2003
Location: ZZ9 Plural Z Alpha
Posts: 3,815
Originally Posted by Axxman300 View Post
Great move, because X doesn't already have a well-established presence on the internet, or a multi-billion dollar industry behind it.

Oh wait, I just Googled X and had to take it off Safe Search. Holy cow! Someone should show Elon what comes up when you search X!

Seriously, how many government and corporate internet servers might end up blocking Twitter X automatically due to the name?
Interesting. I just did the same and mostly got images of the letter X in various fonts and an SFW movie poster for what looks like a fairly B movie horror film from last year. That was with Safe Search off.

I guess it's true what they say: Google gives you results based on previous searches and visited web sites

One thing though: there was no hint of the social media site formerly known as Twitter on page 1 of the results.
jeremyp is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 11:40 AM   #192
Upchurch
Papa Funkosophy
 
Upchurch's Avatar
 
Join Date: May 2002
Location: St. Louis, MO
Posts: 34,190
I mean, the only way “X” works is if you pair it with something. X-Men, X-treme, X-Sports, even Space X.

By itself, you’re either assuming it’s porn or 4 decades of convention kicks in and you will have people assuming that clicking on will make it go away.

But even if people get over that, you are still in the awkward position where some of the X’s on the screen takes you to the home page and some of the X’s close windows. From a branding perspective, it’s just a mess.
__________________
"There is nothing more deceptive than an obvious fact." -- Sherlock Holmes.
"It’s easier to fool people than to convince them that they have been fooled." -- Mark Twain, maybe.
Upchurch is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 11:43 AM   #193
jadebox
Master Poster
 
jadebox's Avatar
 
Join Date: Sep 2004
Location: USA
Posts: 2,783
Just a little background ...

Musk helped found x.com which eventually became PayPal and made Musk a lot of money. The x.com domain redirects to Twitter now.
jadebox is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 12:04 PM   #194
Andy_Ross
Penultimate Amazing
 
Andy_Ross's Avatar
 
Join Date: Jun 2010
Posts: 46,371
He should rename it as X and replace the bird logo with a hamster
__________________
Formerly known as Captain Swoop
Andy_Ross is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 02:47 PM   #195
TurkeysGhost
Penultimate Amazing
 
TurkeysGhost's Avatar
 
Join Date: Apr 2018
Posts: 35,043
Originally Posted by jadebox View Post
Just a little background ...

Musk helped found x.com which eventually became PayPal and made Musk a lot of money. The x.com domain redirects to Twitter now.
Important addition to that is that Musk was wisely removed as CEO twice on the series of buyouts that lead to Paypal's rise, and complaints about his leadership seem quite familiar to his disastrous running of Twitter (micromanaging, overconfident in his limited technical skills, hostility towards employees who actually know how things work). Getting Musk out of the way seems a necessary component to allowing his businesses to succeed.

With Musk returning to his original X.com branding, you have to wonder how much of this disastrous Twitter acquisition is driven about his insecurity of being driven out of these companies that seemed to succeed once he was removed as an impediment.
__________________
Previously known as SuburbanTurkey

Last edited by TurkeysGhost; 23rd July 2023 at 02:53 PM.
TurkeysGhost is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 06:12 PM   #196
novaphile
Quester of Doglets
 
novaphile's Avatar
 
Join Date: Dec 2009
Location: Sunny South Australia
Posts: 6,015
Originally Posted by Jack by the hedge View Post
How about a compromise: replace the logo with the Dead Bod meme that graffiti artist from Hull paints all over the place, and use an X for its eye?

(Worth a Google, rest of the world folks. It's really odd.)
Looks like a dead boid to me, graffiti paint must be really expensive.
__________________
We would be better, and braver, to engage in enquiry, rather than indulge in the idle fancy, that we already know -- Plato.
novaphile is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 06:15 PM   #197
novaphile
Quester of Doglets
 
novaphile's Avatar
 
Join Date: Dec 2009
Location: Sunny South Australia
Posts: 6,015
Originally Posted by Andy_Ross View Post
Who would pay billions to buy one of the most recognised brand logos in the world then decide to get rid of it?
Someone who thinks that smoking dope makes a person more intelligent?
__________________
We would be better, and braver, to engage in enquiry, rather than indulge in the idle fancy, that we already know -- Plato.
novaphile is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 23rd July 2023, 09:52 PM   #198
Arcade22
Philosopher
 
Arcade22's Avatar
 
Join Date: Aug 2007
Location: Sweden
Posts: 7,693
X is the universal symbol for closing computer windows and programs, which is more than a fitting symbol considering what's happening to twitter as Elon is apparently driven to destroy it and lose as much money as possible in the process.
__________________
We would be a lot safer if the Government would take its money out of science and put it into astrology and the reading of palms. Only in superstition is there hope. - Kurt Vonnegut Jr

And no, Cuba is not a brutal and corrupt dictatorship, and it's definitely less so than Sweden. - dann
Arcade22 is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 24th July 2023, 12:14 AM   #199
a_unique_person
Director of Hatcheries and Conditioning
 
a_unique_person's Avatar
 
Join Date: Jul 2002
Location: Waiting for the pod bay door to open.
Posts: 45,984
Originally Posted by Puppycow View Post
He could have saved a lot of money by just buying a sports team instead of Twitter.

In this case he's just going to add to his legal expenses. Maybe he's so rich that he doesn't care.
A sports team would be a lot more fun.
__________________
Continually pushing the boundaries of mediocrity.
Everything is possible, but not everything is probable.
“Perception is real, but the truth is not.” - Imelda Marcos
a_unique_person is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Old 24th July 2023, 12:41 AM   #200
Andy_Ross
Penultimate Amazing
 
Andy_Ross's Avatar
 
Join Date: Jun 2010
Posts: 46,371
Linda Yaccarino tweeted

Quote:
X is the future state of unlimited interactivity – centered in audio, video, messaging, payments/banking – creating a global marketplace for ideas, goods, services, and opportunities. Powered by AI, X will connect us all in ways we’re just beginning to imagine.
She's changed her profile header to the new X logo

https://twitter.com/lindayacc/status...7bzGJGFLA&s=19

There's a whole thread of similarly gibberish posts
__________________
Formerly known as Captain Swoop

Last edited by Andy_Ross; 24th July 2023 at 12:42 AM.
Andy_Ross is offline   Quote this post in a PM   Nominate this post for this month's language award Copy a direct link to this post Reply With Quote Back to Top
Reply

International Skeptics Forum » General Topics » Social Issues & Current Events

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -7. The time now is 11:25 PM.
Powered by vBulletin. Copyright ©2000 - 2023, Jelsoft Enterprises Ltd.

This forum began as part of the James Randi Education Foundation (JREF). However, the forum now exists as
an independent entity with no affiliation with or endorsement by the JREF, including the section in reference to "JREF" topics.

Disclaimer: Messages posted in the Forum are solely the opinion of their authors.