A couple of things:
* It's mostly hobbyists running their instances, some literally in their basement.
* Most scaling glitches have usually been addressed within a few days. The comparison to early-day Twitter is fair, maybe people have literally not expected such a fast scaling route.
* I don't think anyone in their wildest fever-dreams expected Elon Musk to burn down Twitter this fast, thus causing a mass-migration.
The UK royal family has pretty wide control over what can and cannot be said about them in the media.
There is for instance, many stories about royal improprieties that have been covered up in recent years, in exchange for “juicy” Harry & Meghan stories being circulated in their place. This is probably at the core of the schism within the royal family. I can read about it, because I’m not in the UK. Bet it’s not very well covered in the UK though.
But outside web-browsers, I'm not sure it is anything anyone wants - like you imply, in China it's probably handy, because it is a reliable route into all the services that are blessed by the CCP, which means you avoid running into firewalls & thought police.
Not sure he lied. I think he fooled himself into thinking that moderating a social media platform can be done on a rose-tinted ideological basis. Then reality hit, and the fact is, there are so many edge-cases that being ideologically consistent is almost impossible.
Moderation is hard. And it matters, both to keep audiences & advertisers. Besides, First Amendment-based moderation is not even possible for an international company. Most of Europe have strict laws on holocaust-denial. Thailand & the UK have laws banning speech offensive to their royal families.
Not sure it’s long term the most valuable thing I built, but definitely short-term most profitable:
Built an airline pricing system as the sole developer in 3 months in the early 2000’s.
When demoed during late stages of development, it received pre-order guaranteed sales from airlines of $60mn for the next 12 months.
I was paid a paltry $500/day for the contract, and got my marching orders when it was done.
I'm wondering if this erratic behaviour is Musk having some sort of breakdown over how things are unravelling?
* Currently that revenue is cratering and things are not going well. Bankrupcy is a real risk with the high debt servicing cost for the take-over.
* If the value is going quickly in the direction of $0, banks will call the loans.
* If banks call the loans, he has to sell Tesla stock to pay the $44bn.
* If Musk starts to sell Tesla stock at that scale, the value of Tesla could quickly crater in the current climate. It's the last bubble-stock of this cycle, still 80% way to go down, if valued like its auto industry peers.
The outcome of that could be that even selling his entire holding of Tesla, Musk could end up broke, and potentially still owe money from the Twitter take-over.
It would make the wealth destruction of FTX look like a Sunday stroll in the park.
Honestly, I think any "smart money" managers who invested in this should be ashamed. It's absolutely an indictment of their intelligence.
The basics of due diligence is:
* How is their record keeping of board decisions & financials?
* What board decisions and indemnities exist in those records that may have conflicts of interest or claims from other third parties? (FTX didn't even have a board)
* etc..
Furthermore, probably should raise every red flag ever for a reasonably intelligent person if some 20-somethings with a few years of experience claim they have the secret sauce to trade successfully under every possible market regime. It falls on its own implausibility and only reeks of hubris.
To understand most market regimes likely to occur, you likely need people in their late 50'ies onboard, or even older (there's a reason Buffett, Soros et al come out relatively unscathed out of most crises, while everyone else bleeds out).