It's so fucking funny how Twitter and Reddit are imploding on the exact same day lmao.
Spez did say Musk's Twitter was something to be admired and emulated lol
Is reddit actually imploding or is it just business as usual?
Depends on where you go.
Subs like r/worldnews and r/tech have bottom of the barrel comments, but still manage to get some posts.
r/IAmA had many of the mods leave, so the remaining ones are stopping all "out of Reddit" activities, like recruiting celebrities, verifying identities, and so on. It's pretty much worthless now.
Small niche subs are still working, but the equivalent communities on Lemmy are getting better quality right now.
It's too early to tell but I'm spending more time on Lemmy.
Don't you know? Paying your bills is woke
"Bills" is now considered a slur on Twitter.
I used to work for a local company that sold parts to Tesla. They were a huge nightmare and wouldn’t pay us. I think that is their whole deal. Not paying the small companies.
FUCK them
Sounds like Trump
Sounds like Elon
Sounds like rich entitled cunts
Unfortunately that sort of behaviour is common in many sectors where large companies subcontract with smaller companies.
The tactic basically created the whole factoring concept (buying invoices, or using invoices as security for a "loan"/credit).
Over here in Sweden it was construction companies that initially fuelled the development, and the large companies basically required very long payment terms (60+ days) from their subcontractors and then waited to the very last day to dispute the invoice by complaining on some part of the work, further delaying payment. A small subcontractor could often not front being out that much money (2+ months of salaries, materials and other operating costs, cost of fighting the dispute etc) and ended up going bust. Enter financial institutions buying (or "lending" with the invoice as security) the invoice, letting the subcontractor get paid immediately, but of course not the full amount since the factoring company wants to profit from the deal. The factoring companies being backed by large financial institutions (banks typically) have enough money that they can sit out those long payment terms and other "bullshit" since they know those large construction companies ARE good for the money they are owed EVENTUALLY.
Still carves into the margins for the small actors.
Image Transcription: News Article Screenshot:
[A screenshot of a section of an article by the news outlet "Engadget". Text reads as follows.]
More platform instability could be in Twitter's near future. In 2018, Twitter signed a $1 billion contract with Google to host some of its services on the company's Google Cloud servers. [Hyperlink begins] Platformer reports [Hyperlink ends] Twitter recently refused to pay the search giant ahead of the contract's [Highlighted in yellow] June 30th renewal date. [Highlighting ends] Twitter is reportedly rushing to move as many services off of Google's infrastructure before the contract expires, but the effort is "running behind schedule," putting some tools, including Smyte, a platform the company [Hyperlink begins] acquired in 2018 [Hyperlink ends] to bolster its moderation capabilities, in danger of going offline.
^I'm a human volunteer transcribing posts in a format compatible with screen readers, for blind and visually impaired users!^
Imagine if this guy had the controls to the oxygen on Mars
It's ok guys, Elon told his engineers to just rewrite the stack, so all problems will go away!
What can i say ? I just don´t care anymore about twitter. Also any misfortune for space Karen is just a plus at this point
I especially enjoy that, no matter how much he drives the value down, he's always going to owe the full value of the loans.
Yeah and he used tesla actions as a collateral. So if he is not able to make money to pay for the loans, he will lose control of Tesla. I´m savoring every moment that things are blowing up in his face. After this venture fails, he will probably still be rich, but surely not a billionaire anymore and i will vicariously enjoy his fall from billionaire extraordinaire to just a legacy common stock millionaire.
I see that a lot of people complain about reddit, twitter, and whatever mainstream website completely fuck the consumer, but fail to realize one crucial thing. The only time change happens in mob settings is when the pain of no change is greater than the pain of change. I applaud Elon, spez, and who ever else wishes to put there services behind their paywall whether it's an API or just simply viewing tweets. Anyone in the know knows that it's a crock of shit and anyone who isn't is annoyed to the point where change is preferable. The sooner people figure out posting information, entertainment, and other forms of media/knowledge to the benefit of a company is horrendous the better. Now we have the opportunity to get rid of the corporate greed and basically open-source peoples knowledge from around the globe. Although like with reddit, mob mentality poses a real threat to communities like this one, I trust that you all are normal and level headed individuals who can come to disagreements but still respect eachother (as corny as that sounds). I much prefer it over giving more information to companies who use it to profit off of my content, while I receive nothing.
*Edit: Thank you kind stranger for the reddit gold! Glad you spent real hard cash so I can have reddit premium and reddit coins! The lovely people at reddit will be spending your money sitting on a yacht eating grapes in one hand and lobster in the other. I'm sure they are real thankful too! :) *
I don't know what will happen with Twitter. Maybe it succeeds, maybe it fails, maybe it just keeps humming along in mediocrity. But what I do know is that wherever it ends up, there was surely a much simpler way to get there.
Well he did try pulling out the cables going into the server clusters. Maybe he got tired and bored before he could pull them all out
What's up with billionaires and not paying their bills?
I think it’s more that people who tend to be billionaires tend to also be kinda scummy people.
You dont make that kind of money being honest and empathetic. The most honest ppl I know that run businesses are barely paying themselves. There's a reason CEOs have higher than normal representation of psychopaths. It allows them to make the best decisions even if it means running the orphan killing machine 24/7.
Lmao just how much worse can it get. What a trip Elon
I'm not going to claim I know what's happening, but I like the self-DDoSing explanation because it's even funnier
Im enjoying the shit show Elon is providing. It's definitely entertaining watching a "genius" at work.
I think it's probably a combination of self-DDOSing and not paying providers. Which any intelligent experienced dev could've told him, but they all got fired months ago.
Its almost like the developers were holding the site together.
They paid the google bill. So far it’s the only one I’ve seen them pay and who knows if they’ll continue.
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