Comments

You must log in or register to comment.

HanaBothWays t1_ivukr6b wrote

Ooooh how long until Twitter’s implicated in some kind of ransomware payment scandal?

70

Badtrainwreck t1_ivupu9g wrote

Let me ask the security team. There isn’t a security team? Umm, here at Twitter we take security very seriously

56

Exotic_Treacle7438 t1_ivvsw8l wrote

Quick, someone rehire the security team to answer this question, but make sure they do it in office and not WFH. -Elon

11

urqlite t1_ivvxrpl wrote

Come join Mastodon

2

Lineaft3rline t1_ivwfkwe wrote

How about no social media at all and just talk to people in real life.

3

urqlite t1_ivxe0bt wrote

Then why are you on Reddit?

3

UVSoaked t1_ivxouav wrote

Karma. If you know another way to obtain it, I'd love to hear it.

1

urqlite t1_ivxyokz wrote

This contradicts what you say. Karma is equivalent to social media’s clout

2

Lineaft3rline t1_ivy1sek wrote

I guess because I don't mind psuedoanon social media.

1

optermationahesh t1_iw0lekq wrote

You mean like how a lot of people use Twitter?

1

Lineaft3rline t1_iw103yp wrote

I'd argue that most people don't use twitter that way. At least not most people I bother following or end up reading their tweets.

1

Kill3rT0fu t1_ivuvgom wrote

Now Elon can pump and dump Bitcoin without the middleman fees

46

hayden_evans t1_ivuo61h wrote

🤣 Is Elon aware of things like Cash App that already exist and have been doing this shit for years with very little fanfare? Idiot is just riding Jack Dorsey’s coattails at this point. Typical Elon Musk play - buy a struggling company, claim to be some sort of “founder of it”

35

karma3000 t1_ivv6kn1 wrote

So Jack Dorsey owns Square/Block/Cash App and still has a sizeable shareholding in Twitter. It would not surprise me if the two merge. And I further would not be surprised to find out that Elon and Jack have discussed this already.

8

hayden_evans t1_ivv8jkz wrote

So his ultimate plan was to buy Twitter and then sell it back to Jack Dorsey at Block? That makes absolutely no sense. I doubt Jack would even buy it back - he’s smarter than that 🤣

5

Best_Parfait6508 t1_ivvdx3j wrote

It seems like Jack was happy to be rid of Twitter, and the problems of making it profitable.

So I agree that he wouldn’t want it back, but if he and Musk had discussed such a deal, there would be more to it.

Or just their combined hubris would be enough to make it possible

8

pleasestoptalking t1_ivw2cat wrote

He wants to copy that Chinese app WeChat to try and make every aspect of people's lives run through twitter.

> Chinese super app WeChat has more than 1 billion monthly users, according to one estimate, and is a ubiquitous part of daily life in China. Users can hail a car or taxi, send money to friends and family or make payments at stores. In 2018, some Chinese cities began testing WeChat for an electronic identification system that would be tied to users' accounts, according to the South China Morning Post.

3

hayden_evans t1_ivw7h5d wrote

He’s making a very fundamental cultural and political miscalculation if he thinks the US will adopt a single app like WeChat 🤣

1

[deleted] t1_ivv35a1 wrote

[deleted]

−11

hayden_evans t1_ivvcaeh wrote

So why is he reinventing the wheel? Both PayPal and Venmo (also owned by PayPal) do crypto payments. What’s he expecting that’s different from the 100’s of apps that already do this?

3

thesweeterpeter t1_ivukc8f wrote

The only thing in his defense (and I promise I'll probably never do it again)

He did get rich with PayPal after his x.com was acquired by them. So financial transactions are in his DNA

But it's crypto and that's a disaster waiting to happen. And it's a stupid pivot by any stretch.

He's going to destroy this company. What a stupid pet project

13

nobodysshadow t1_ivul3va wrote

He didn’t “get rich” from PayPal. He may have got “more rich”, but it’s not like PayPal is what made him. He was born into being rich from the start.

Edit: maybe don’t listen to me. I thought I knew what I was talking about, but with more research, now I have no idea. There’s different stories saying different things. I also realized in my search that I really don’t care to know. I’m tired of hearing about musk and shouldn’t of even replied. Have a good day all of you

26

Zeplar t1_ivumbd5 wrote

Didn't he? I know about his family, but afaik it's well documented that he didn't really have any money throughout college.

8

nobodysshadow t1_ivuomrf wrote

Ok, so while fact checking myself, I’m getting all kinds of different answers. I don’t know anymore. My bad for speaking like I actually know the guy.

8

thesweeterpeter t1_ivut0ke wrote

He made 175m from paypal. It was a pretty important step.

Yes he was privileged but his family wasn't stupid rich.

He's an asshole but to say he hasn't made some good/smart calls is also fairly ignorant.

5

unresolved_m t1_ivukxaw wrote

But he will make cryptobros happy. That seems to be most important to him.

5

voidsrus t1_ivunaan wrote

>He did get rich with PayPal after his x.com was acquired by them. So financial transactions are in his DNA

i bet paypal still has legal/compliance/security staff though.... nobody's going to trust their payment info with him, even for crypto stuff, once the breaches start

5

thesweeterpeter t1_ivusbu4 wrote

Absolutely 100% I'm not saying he ran the company just that it's not a space he's wholly inexperienced in

3

bitfriend6 t1_ivusv6m wrote

He can pull it off if he makes the first FDIC-insured crypto bank in the US, and do RFID phone payments. How this is useful is anyone's guess but he can integrate it with a Tesla taxi service and give people more upvotes if they spend more Musk Bucks. It wouldn't be a scam in such a case, just another low rent online-only bank competing with WePay and WU. There is probably a market for this especially if he gets big ticket names like the former President on board. There's enough idiots out there who can beilive FDIC-backed crypto is somehow better than FDIC-backed USDs.

1

Vickrin t1_ivuz5y3 wrote

> Tesla taxi service

The magical taxi service he promised years ago which is further away than ever?

3

thesweeterpeter t1_ivutm19 wrote

I can't see the FDIC insuring crypto. It's way too volatile.

But I'm not by any means an expert and I've been wrong about crypto a thousand times before.

1

anunfriendlytoaster t1_ivwgpha wrote

This company was already destroyed… it was just a zombie company surviving off cheap debt.

1

carty64 t1_ivwzhpc wrote

If he wants to run a payments app he's going to need at least a 20 person compliance team. And it sounds like most of them just quit

6

Boo_Guy t1_ivupzy5 wrote

green_shirt_guy_laughing.gif

3

anunfriendlytoaster t1_ivwgje1 wrote

Yeah, that’s the plan for this week.

Good timing too. Crypto is dying. Literally.

3

No_Telephone9938 t1_ivx5gwm wrote

At this point i'm legitimately convinced Elon bought twitter just so he can kill it

1

SgtBaxter t1_ivy9zz0 wrote

No, he was forced into buying it and didn't actually want it.

So now he's killing it to make it into a tax write-off.

3

font9a t1_ivvc02h wrote

This would be a good way to take some customer *coin and secretly invest in risky market bets.

−3

gomarcho t1_ivvb1k7 wrote

FK YEA HE SAID TO THE MOON AND HE MEANT THAT SHIT

−6

UnclePuma t1_ivw0zln wrote

Wooo ! Doge!

−6