hahahahah i'd like to see that nazi fuck try, see him wade through discovery, the ADL was built for this shit, it's their very reason for being
this post was submitted on 05 Sep 2023
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He prefers to tilt at specially made windmills with sharpened fans.
The thing is the added complexity that the plaintiff is adding is just going to extend out the entire process. The filing indicates something like a 60% loss of ad revenue. Even if the case runs smooth as butter, there's no way Musk can get access to the money he's seeking in time to cover the massive loss plus the huge debt obligations he's sacked the company with already.
There's zero ways restitution from this case would ever give the company enough head above water quick enough to prevent drowning in debt.
Elon Musk said Monday that X, formerly known as Twitter, has “no choice” but to file a defamation lawsuit against the Anti-Defamation League amid an ongoing slump in advertising revenue.
“Based on what we’ve heard from advertisers, ADL seems to be responsible for most of our revenue loss,” Musk wrote on Monday. “Giving them maximum benefit of the doubt, I don’t see any scenario where they’re responsible for less than 10% of the value destruction, so ~$4 billion.”
How to avoid being antisemitic, step one: Don't blame your incompetence and piss poor judgement on "the Jews."
Elon Musk: D'oh!
So - Twitter has lost $40 billion in advertising revenue?
Sounds about right. Wonder how much more they can lose.
I'm no accountant, but I have to imagine when he's talking about "value" it's not exact loss of sales, but something more like "projected sales for the next 10 years" or something.
There's no way Twitter, a company that was overvalued at $43 billion, was also making $40billion a year in advertising sales.
He needs to learn that just because he was stupid enough to buy it for $44B that doesn’t mean it was ever worth $44B.
He seems to be saying that the market value of Twitter is $40B less than what it was before stuff happened. "Value destruction" tends to be applied to "stock" (like market cap) rather than "flow" (like revenues).
He's basically saying Twitter is worth $4B, given that he paid $44B and seems to be saying $40B of values was destroyed.
Losing $40B in less than a year is, uh, remarkable.
So he’s trying to blame Jewish folks for his retarded investment? What kind of mental gymnastics do you have to do to wind up there?
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For context, this all started Thursday when the ADL xeeted that is had a "frank and productive" conversation with X's CEO. She replied with some warm and fuzzy PR bullshit about working together to improve the platform blah blah blah. But the right wing nutjobs weren't happy with the implication that X was in anyway cooperating with the ADL and there was immediate backlash. "Ban the ADL" became a trending hashtag, because, according to the racist majority on X, the ADL is the actual hate group and they pressure advertisers who in turn pressure platforms to "ban free speech." Musk, always quick to undermine the sad sack holding the title "CEO" jumped on that bandwagon and been xeeting about it all weekend, threatening to ban them, generally talking trash, and now threatening to sue.
I find it depressing that I'm aware of all this.
It's hard to take that seriously when you use "xeeted".
The whole website needs to be xeeted out of xistence at this point.
I call them x-cretions. So you x-crete them.
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I almost feel bad for the new "CEO". It really seems like she's doing her best to give the impression that Twitter is still a sane company with reasonable business practices, only for Elon to completely disregard her messaging and do the exact opposite.
She's doing exactly what she was hired to do.
I would feel bad if it wasn't obvious that Musk would do this. It is impossible for him to control himself. He can't help to put his dumbass opinion in the mix, no matter how much it hurts him personally and professionally. It's the reason he was forced to buy Twitter in the first place.
Drop me in her seat for 7 figures with a nice kick-out clause (no stock, please) and I’ll pretend Xitter is a wholesome, thoughtful, productive corporate citizen, too.
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she's a 'ceo' like the barista at starbucks is a 'manager'.
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One of the oldest most experienced groups at litigation against hate and defamation will have a field day with this. I would not be surprised to see X owing the ADL damages if Musk actually follows through.
This is as nearsighted as DeSantis starting legal battle with Disney.
This is as nearsighted as DeSantis starting legal battle with Disney.
I'm so for it
"You made me do it"! yells the abuser. This ~~utter fucknut~~ psychopathic narcissist can't possibly consider that the lost ad revenue has anything to do with his turning twitter into 4chan.
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Why does he hate free speech so much?
He is remarkably bad at running a business for a billionaire.
That’s because he’s not and never was a businessman. He’s a tech guy who got super lucky and became filthy rich. Musk builds and designs shit, he doesn’t know squat about running a company. He should stick to playing with his rockets and making new roadsters. This whole CEO foray has turned out real bad.
He's not even a tech guy. He inherited his money, and then lucked into a couple jobs with actual tech guys that he could take the credit for. His entire career has been built around buying other tech companies that were just taking off, pushing the original founders out, and then taking credit for everything everyone else did.
... lucked into a couple jobs ...
Strongarmed his way into other people's success, then slapped his name on it and claimed it as his own.
He wishes he was a tech guy. He just piggybacks off of everyone else. He's a leech, a parasite.
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Musk builds and designs shit
Musk attaches his name to things others have built and designed.
As surprising as it may sound, most billionaires do not arrive there through competence. They get there by way of inheritance and privilege.
And lucky timing.
Didn't Elon bring this on himself by keeping the Nazis though ?
Not even keeping, explicitly adding them back and unbanning them, and letting them make decisions to ban leftists who spoke out against it (andy ngo recommending people to the chopping block comes to mind)
Not only keeping but returning en masse.
yes.
He's like one step away from claiming the Jews control the world's money supply.
I'm actually surprised he's not crossed that bridge. I do find it interesting to have a billionaire that doesn't even bother to pay lip service to being a civil human being but is just a massive racist tool.
But you know what if he met these people irl he'd get along fine with them I bet and there wouldn't be these unhinged outbursts. He's a complete paper tiger suffering a case of being terminally online because he thinks it's his job (it isn't).
Maybe he's taking something either prescribed or recreationally that has him perpetually on a knife edge like this.
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What a fucking loser.
That's not very free market of you bro.
gotta love America where not making as much money as you wanted is a crime
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Can we stop posting this fucking douche?
Can we stop posting this fucking douche?
Feel free to ignore news you aren't interested in. The sad reality is that Elon Musk is relevant and his actions have real effects on people. Bury your head in the sand if you like but don't expect me to join you.
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