Elon Musk and Twitter
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Twitter’s technology IP or infrastructure is nothing special, and as far as I know they don’t have much of anything else in terms of physical assets.
The entire value of the company was predicated on its prestige, user base, and its employees.
Now that Musk has bollocksed up all three of those, I don’t see much of anywhere else for the company to go, and they weren’t turning a profit even when things were going well.
Once an internet media platform goes out of fashion it’s almost completely unheard of for it to recover, viz AOL, Compuserve, geocities, MySpace, Friends Reunited, Friendster, orkut, ICQ, MSN etc. Even WhatsApp seems to be in decline and it only seems like yesterday that came out.
The fundamentals just aren’t there. Sell while you can mate.
The entire value of the company was predicated on its prestige, user base, and its employees.
Now that Musk has bollocksed up all three of those, I don’t see much of anywhere else for the company to go, and they weren’t turning a profit even when things were going well.
Once an internet media platform goes out of fashion it’s almost completely unheard of for it to recover, viz AOL, Compuserve, geocities, MySpace, Friends Reunited, Friendster, orkut, ICQ, MSN etc. Even WhatsApp seems to be in decline and it only seems like yesterday that came out.
The fundamentals just aren’t there. Sell while you can mate.
I disagree. There are huge infrastructural requirements to handle the vast amounts of data that Twitter processes in real time.nerdlinger wrote: ↑Thu Dec 22, 2022 10:39 pmTwitter’s technology IP or infrastructure is nothing special, and as far as I know they don’t have much of anything else in terms of physical assets.
I understand the perception that it’s just 140 character long messages with some multimedia content, but you are heavily underestimating the technology driving Twitter’s Firehose API just as an example. Then there is storage and tying it all together in a massive data warehouse, without compromising on performance.
Everything changes when you deal with big data platforms. Twitter handles 400 billion events and processes petabytes of data per day.
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Them and plenty of other companies. Sure it’s a lot of data, but it’s a solved problem and a well-documented one. Twitter uses AWS just like Netflix and a ton of others.Alexandra wrote: ↑Thu Dec 22, 2022 10:48 pmI disagree. There are huge infrastructural requirements to handle the vast amounts of data that Twitter processes in real time.nerdlinger wrote: ↑Thu Dec 22, 2022 10:39 pmTwitter’s technology IP or infrastructure is nothing special, and as far as I know they don’t have much of anything else in terms of physical assets.
I understand the perception that it’s just 140 character long messages with some multimedia content, but you are heavily underestimating the technology driving Twitter’s Firehose API just as an example. Then there is storage and tying it all together in a massive data warehouse, without compromising on performance.
Everything changes when you deal with big data platforms. Twitter handles 400 billion events and processes petabytes of data per day.
I could process petabytes of data a day using standard AWS tools if I didn’t mind the credit card bill.
Those plenty of other companies have infrastructures often built by the same people. Google, Twitter, Meta et al all rotate the same people.nerdlinger wrote: ↑Fri Dec 23, 2022 12:20 amThem and plenty of other companies. Sure it’s a lot of data, but it’s a solved problem and a well-documented one. Twitter uses AWS just like Netflix and a ton of others.
I could process petabytes of data a day using standard AWS tools if I didn’t mind the credit card bill.
Doing it and doing it cost effectively are different things as you’ve learned while studying for SAA-C03 and SAP-C02, as one of the pillars of the well-architected framework. If you have obtained those certs without using dumps and other shit the industry is infested by then I’m willing to offer you a job if you’re willing to relocate.
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I’ve not chased recent certs, as my 20 years experience building big data systems generally is enough to get work - but I’m not looking right now thanks.Alexandra wrote: ↑Fri Dec 23, 2022 12:26 amDoing it and doing it cost effectively are different things as you’ve learned while studying for SAA-C03 and SAP-C02, as one of the pillars of the well-architected framework. If you have obtained those certs without using dumps and other shit the industry is infested by then I’m willing to offer you a job if you’re willing to relocate.
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Anyway, to go back to the subject. I don’t mean to diminish the clever things and people involved in the initial creation and scaling of Twitter ten+ years ago. But, here and now, going into the year 2023, I reckon I could build a Twitter clone, with petabyte scaling and comparable ongoing ops cost, for $44M (ie 1/1000th of what Musk paid for the company), and probably have enough left over for a TikTok clone and a massive pizza while I was at it.
Tesla shares fell another 9% yesterday as the company struggled with falling demand. Investors were spooked by the company offering a $7500 discount on certain models on its website.
So far in December the share price has fallen 36%.
So far in December the share price has fallen 36%.
Yep. The last 3 months have been brutal for the stock price.Guest wrote: ↑Fri Dec 23, 2022 1:13 pmTesla shares fell another 9% yesterday as the company struggled with falling demand. Investors were spooked by the company offering a $7500 discount on certain models on its website.
So far in December the share price has fallen 36%.
The *failing demand " line parroted by most media is absurd. Actually they're flying off the shelves and 2022 inventory is depleted in most areas, which was the point of the promotion, as buyers would have waited for the 2023 IRA subsidies.
Most media also fail to mention that exec with the 7500 discount, the selling prices are still 10% higher than this time last year.
logos wrote: ↑Sat Dec 24, 2022 1:11 pmYep. The last 3 months have been brutal for the stock price.Guest wrote: ↑Fri Dec 23, 2022 1:13 pmTesla shares fell another 9% yesterday as the company struggled with falling demand. Investors were spooked by the company offering a $7500 discount on certain models on its website.
So far in December the share price has fallen 36%.
The *failing demand " line parroted by most media is absurd. Actually they're flying off the shelves and 2022 inventory is depleted in most areas, which was the point of the promotion, as buyers would have waited for the 2023 IRA subsidies.
Most media also fail to mention that exec with the 7500 discount, the selling prices are still 10% higher than this time last year.
It doesn’t help that you seem to trust only one media source on Tesla issues - teslarati. Hardly the most balanced view point.
But anyway - how does Tesla maintain its position when much cheaper EV alternatives are entering the market regularly?
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Same way any make of car does that’s not the cheapest? Branding and repGuest wrote: ↑Sat Dec 24, 2022 3:41 pm
It doesn’t help that you seem to trust only one media source on Tesla issues - teslarati. Hardly the most balanced view point.
But anyway - how does Tesla maintain its position when much cheaper EV alternatives are entering the market regularly?
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And how do you think the branding thing is going at the moment?violet wrote: ↑Sat Dec 24, 2022 10:16 pmSame way any make of car does that’s not the cheapest? Branding and repGuest wrote: ↑Sat Dec 24, 2022 3:41 pm
It doesn’t help that you seem to trust only one media source on Tesla issues - teslarati. Hardly the most balanced view point.
But anyway - how does Tesla maintain its position when much cheaper EV alternatives are entering the market regularly?
Everyone I talk to in China loves Musk and Tesla. They don't care about Twitter because the Chinese government blocked access to the site years ago.
logos wrote: ↑Sat Dec 24, 2022 1:11 pmYep. The last 3 months have been brutal for the stock price.Guest wrote: ↑Fri Dec 23, 2022 1:13 pmTesla shares fell another 9% yesterday as the company struggled with falling demand. Investors were spooked by the company offering a $7500 discount on certain models on its website.
So far in December the share price has fallen 36%.
The *failing demand " line parroted by most media is absurd. Actually they're flying off the shelves and 2022 inventory is depleted in most areas, which was the point of the promotion, as buyers would have waited for the 2023 IRA subsidies.
Most media also fail to mention that exec with the 7500 discount, the selling prices are still 10% higher than this time last year.
Then what is causing the stock price to plummet?
Another 11 percent yesterday logos, and yet just a month ago you were dancing from the ceiling calling your latest purchase of a 100 shares at $169 the best Black Friday bargain of all time.
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Did anyone take this bet?
I’ve bought at $170, $139 and $126. After last nights 13% drop to $107 I might buy some more today, but am certainly not enjoying this mess.
A recovery to $500 would be quite a turnaround in a year and would be extremely unlikely IMO unless there is some intervention to boost share price.
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