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  1. #21
    Quote Originally Posted by CrazyNotCrazie View Post
    Who will catch them? All of the people capable of doing that have been fired or quit..
    A fair point, and one becoming more salient by the day. Same applies to the technical work of just keeping it running. Theyíve lost a ton of institutional memory as well as manpower and expertise in the last two weeks.

  2. #22
    Join Date
    Feb 2007
    Location
    Rougemont Nebulae
    Quote Originally Posted by fidel View Post
    Ah, the oh-so-casual sporker that can't remember your handle in the morning. Nice.
    Yes but don't overlook the intense sincerity of the moment...however passions might be inflamed.

  3. #23
    Join Date
    Dec 2014
    Location
    On the Road to Nowhere
    Quote Originally Posted by Matches View Post
    The problem is that in the past, those types of things would have been easy to spot, because of the verification system.

    Musk altered the verification system so that anyone who pays $8 can create a verified account.

    Anyone doing so fraudulently is violating Twitterís TOS, and Twitter will catch them and delete the account - at some point. But how much damage is done in the interim? Muskís misunderstanding and alteration of the verification system has made it much easier for bad actors and scammers to reach a larger audience, appear more credible, and do real damage.
    I'm shocked! Shocked, I say. A rich guy buying a company and thinking he knows more than everyone who has worked there for years? Shocked!
    Past is gone, thou canst not that recall; Future is not, may not be at all;
    Present is, [so] improve the flying hour; Present only is within thy power. - Friar Park Clock Tower [author unknown]

  4. #24
    Quote Originally Posted by Matches View Post
    I quit FB awhile back so canít comment on what itís like now. Twitter has, IMO, been superior to FB as a news source. Itís more immediate and there are fewer made-up memes circulating amongst the credulous. You could curate your Twitter pretty effectively to only follow legit and reliable news sources, whereas you probably canít avoid your lunatic uncleís white nationalist posts on FB.

    Making it harder to tell who is who on Twitter undermines all of that.
    Thanks for the education! In the end, I might be glad I avoided both.

  5. #25
    Quote Originally Posted by CameronBlue View Post
    Yes but don't overlook the intense sincerity of the moment...however passions might be inflamed.
    Is that the 81.00 Woodford Reserve talking?

  6. #26
    Join Date
    Jan 2010
    Location
    Outside Philly
    Quote Originally Posted by CameronBlue View Post
    Yes but don't overlook the intense sincerity of the moment...however passions might be inflamed.
    Hey, I can't spork you either but appreciate the love. Hope you find God at the bottom of that glass!

  7. #27
    Quote Originally Posted by Jeffrey View Post
    What are the loan terms? Given your statement, he must have refused to provide any collateral. And, thatís very interesting and revealing.
    Annual interest payment of $1 Billion on $12.7 Billion, so not good. Even for uncollateralized loans, thatís extremely high. I would not be surprised if the terms require a balloon payment in 12 to 24 months. Those type of loans arenít built to be long. He would have been so much better off if he didnít delay the purchase. If this closed in spring the interest would be less, he wouldnít have his legal bills and he wouldnít have Twitterís legal bill (or conversely the money they paid out).

  8. #28
    Join Date
    Sep 2007
    Location
    Undisclosed
    Free legal advice:

    Donít smoke dope and then enter into binding contracts while high.

  9. #29
    Quote Originally Posted by OldPhiKap View Post
    Free legal advice:

    Donít smoke dope and then enter into binding contracts while high.
    ALWAYS good advice!

  10. #30
    Stay away from Infomercials as well. Thatís how my roommate ended up with the six disc Totally 90s collection.

  11. #31
    Quote Originally Posted by OldPhiKap View Post
    Free legal advice:

    Donít smoke dope and then enter into binding contracts while high.
    We could have us a high time, living the good life, well I know.

  12. #32
    Join Date
    Feb 2007
    Location
    Washington, D.C.

    Anyone remember Enron?

    I really have the feeling that Twitter is going quickly. Musk fired so many, and discouraged so many more, that the company is truly screwed. Advertisers are fleeing, so revenue will drop. Systems problems are likely. See this article here: https://www.technologyreview.com/202...-coming-weeks/

    Someone on Twitter said, ďIf I bought something for $44 and broke it the first week, Iíd be upset.Ē Pretty well sums it up.

    Oh, and the FTC canít be happy. https://www.msn.com/en-us/news/techn...er/ar-AA13YGmR

    Also, lots of folks I follow have opened Mastodon accounts.

  13. #33
    Join Date
    Sep 2007
    Location
    Undisclosed
    Quote Originally Posted by Jeffrey View Post
    We could have us a high time, living the good life, well I know.
    Donít be that way.

  14. #34
    Quote Originally Posted by Kdogg View Post
    Annual interest payment of $1 Billion on $12.7 Billion, so not good. Even for uncollateralized loans, thatís extremely high.
    Not sure 7.9% is an extremely high unsecured rate in November 2022. I wouldnít want that paper.

  15. #35
    Quote Originally Posted by OldPhiKap View Post
    Donít be that way.
    You told me goodbye, how was I to know?

  16. #36
    Join Date
    Mar 2007
    Location
    Boca Grande Florida
    Quote Originally Posted by acdevil View Post
    Itís potentially going to be dangerous at some point.

    Itís all well and good to laugh off a fake Lebron account saying he wants out of Los Angeles.

    But what happens when some jerk impersonates a government official and says that everyone needs to evacuate an area? Or countless other awful scenarios.
    That issue predates Musk.

    Heís aggressively attacking the problem by charging 8$ with his Blue Checkmark plan to verify accounts, and heís already deleted and banned accounts of people impersonating others.

    The guy has owned Twitter for what, less than two weeks? Iím willing to give him time to address some of the problems Twitter has had in the past and Iím interested in his ideas on how to make it better.

  17. #37
    Join Date
    Sep 2007
    Location
    Undisclosed
    Quote Originally Posted by Jeffrey View Post
    You told me goodbye, how was I to know?
    Saw this a few times, none better than Richmond 11.1.85. You there for those two?

  18. #38
    Quote Originally Posted by OldPhiKap View Post
    Saw this a few times, none better than Richmond 11.1.85. You there for those two?
    Absolutely, great shows!

    OTOH, it was a total setup for the Richmond PD! Man, they arrested hundreds both nights.

  19. #39
    Quote Originally Posted by Wheat/"/"/" View Post
    That issue predates Musk.
    .
    It does not. Fake accounts have been around forever - Musk has allowed them to at least temporarily become ďverifiedĒ by paying $8.

    Pre-Musk if you saw a blue check you had an assurance that the person/ entity was who they said they were. Now you have assurance that whoever runs the account paid $8. That isnít better.

  20. #40
    Join Date
    Feb 2007
    Location
    Hot'Lanta... home of the Falcons!
    Quote Originally Posted by Wheat/"/"/" View Post
    That issue predates Musk.
    Ummm, no it didn't. Old Twitter had a system where verified sources got a check mark so you would know to trust them. Stuff coming from accounts without a check mark drew far, far more scrutiny. Musk changed the system and now anyone who wants to can get a check mark for $8. The inability of the public to differentiate true accounts from fake ones is the major problem right now and that problem is 100% Musk's doing.

    Quote Originally Posted by Wheat/"/"/" View Post
    The guy has owned Twitter for what, less than two weeks? Iím willing to give him time to address some of the problems Twitter has had in the past and Iím interested in his ideas on how to make it better.
    It is nice that you are willing to give him time but... well... you don't really matter. The folks who matter are:
    • the bankers and investors who loaned him money
    • the regulators who demand compliance and can shut you down for failure to comply
    • the talented employees who built and maintain what is a very complex architecture of programming
    • and the advertisers who provide Twitter with the cash flow to survive

    There is a pretty good bit of evidence that those folks are not showing nearly the same level of patience as you. And that is a potentially fatal problem for Twitter.
    I don't know what you are doing right now, but if you aren't listening to the DBR Podcast, you're doing it wrong.

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