An Update on Elon Musk & Twitter Censorship.

all right we gotta run numbers on

Twitter we're gonna do that in this

video we're gonna look at financials

we're also going to talk updates

regarding uh a revision on what happened

with Elon Musk this morning I have a lot

more insight so we're going to talk

about that and of course we're going to

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expiring tonight thanks all right in

this video I want to update some of my

thoughts on the Elon Musk jet situation

Free Speech situation and I want to

update these thoughts uh based on

actually a tweet that I sent this

morning which I thought about this a

little bit more and this was the tweet

that I sent after I made my morning

video about Elon Musk Banning the

account that tracks this Jet and there

have been some updates since then some

more bands I wrote If elon's private jet

can't be tracked on Twitter then no

one's jet should be tracked on Twitter

Oprah Swift Bezos Bill Gates you name it

right in other words if there's one rule

that should apply to everyone if the

rules of Twitter say you're not allowed

to leak someone's address or phone

number then don't leak someone's address

or phone number if that then extends to

you're also not allowed to leak uh or

tracking information which even though

most of the time that's public

information

that's considered doxing if you're

tracking somebody and posting updates on

that well fine if that's the rule then

then people should be made aware of that

rule change and then have an opportunity

to not break that rule right

so then I wrote these uh the rules

should apply equally I'm tired of quote

the rules are for thee and not for me

there should be equal application now I

say that because in California you get a

lot of that okay like the mayor London

breed in San Francisco hey you all Gotta

Wear Your masks and then she's out

partying not wearing a mask the same

thing with Gavin Newsom he did the same

thing going to dinner it's always with

the politicians it's it's here are the

rules you follow them and then the

politicians themselves don't it's it's

hypocritical

that's a little bit what it felt like

this morning when Elon Musk band an

individual's account who was tracking

the Elon Musk jet when Elon Musk said

himself hey this is part of free speech

even though that's not good for my

security uh you know we're going to

allow that free speech to occur clearly

that has since changed clearly now uh

Twitter has decided no no private jet

tracking accounts are going to be banned

and apparently it's now no longer just

Elon musk's account that has been uh the

tracker for Elon Musk private jet that

has been tracked but apparently now

other private jet trackers are starting

to disappear as well however because of

the leak that occurred where Jack

Sweeney posted pictures this morning

that came from internal messages within

Twitter that his private jet account was

being censored through visibility

filtering the same kind of nonsense we

saw in the Twitter files apparently then

maybe I paid it for a different reason

but apparently Jack Sweeney that Creator

who was running the private jet account

now had all 30 of his Twitter accounts

banned including his personal one where

he was kind of exposing his own Twitter

files he called it

now uh there's also you know an

interesting argument about uh tracking

private jets first

upon looking into this a little bit more

most private jets you look at the tail

number you throw it into flight away or

boom you could track him you can now

apparently request a flight blocking

with the FAA which then restricts other

people's ability to actually track your

private jet I believe people have to

apply for that I'm not sure what the

exact details of that are but uh there

was also another opinion from one of the

folks over on the all-in Pod and I

thought this was actually a fair point

he wrote my this was Jason my personal

belief is that the sustained sharing of

public information location information

is de facto doxing if one follow if one

individual followed another around all

day and shared their location on a

Twitter handle called let's just say

Susan's location that would obviously

present a security risk a dangerous

Securities and I think this is

interesting right uh I I

think the way all of this private jet

stuff is being handled though is the

problem I agree I think if I had a

private jet and somebody was always like

oh Kevin's here now oh Kevin's going

from Texas to Florida oh what deals he

buying over there for how's that that'd

be a little awkward at least uh and then

you know what if there are some haters

uh I don't know they're fortunately not

too many of them but there are loud ones

right and Loud ones are maybe a little

more unstable they need a little more

love in their lives you know so uh that

can create concerns so I get it but I

think the way to handle situations like

this is very simple so dear Elon if

you're listening to this here's a very

simple blueprint if you're going to

restrict Free Speech because of a rules

change

change the rules first right change the

rules hey update to the rules everyone

you do a little notification red banner

Twitter rules have been updated now the

following are also considered hate and

then you could throw in you know things

about uh clarifications on lgbtq if you

wanted to or clarifications on race or

or clarifications on private jets right

well whatever you deemed necessary make

the rule hey now everybody's got 24

hours to read the new rules and we're

going to start Banning people after 24

hours

that would be a reasonable way to do it

because now if the re rule is written

into stone well now well I mean rules

are never written into stone but now if

the rule is published I should say now

individuals can look at the rule and go

okay do we choose to abide or not if you

choose not to abide you get fired right

you get suspended if people have a

problem with the rule they could say

something about the rule right

but the concern this morning was that it

appeared Elon Musk first started with

hey let's just restrict just this one

person's account who's tracking my Jet

and not other people's Jets right that's

that's not cool if you're going to ban

the tracking of private jets for

yourself it should be a ban for everyone

but then you should also give a heads up

with a rules change like put that on the

Twitter rules it's honestly not that

hard like if you got you know I don't

know where I mean you probably do it all

yourself in the back end you know open

the CSS code or whatever but I'm just

thinking to myself like I'm gonna log

into Squarespace and make a quick little

edit take me less than five minutes to

throw in a new little rule they're like

not that hard to do I know you all know

that but I think that's a better move

from a PR perspective because remember

the goal at Twitter is attracting

advertisers advertisers want the feeling

of stability not hypocrisy so provide

stability look hey there's a new boss in

town the rules are going to be changing

every Friday at five o'clock then you've

got 24 hours to accept those otherwise

we start Banning people okay it's strict

but at least it would be clearly

communicated then and again when there's

one rule it should apply to everyone

it's not oh only elon's Jet right I

think that was really the frustration uh

this morning was that it seemed like

all of this was just being done on

behalf of Elon and it started with that

idea with visibility filtering now it

appears like it's becoming more Broad

and maybe it will turn into a rule

change it's just backwards the way

that's being done and it's unfortunately

this kind of management style that does

create uncertainty for advertisers which

creates pain for Twitter more pain for

Twitter very expensive loans what ends

up happening well you end up in a

situation where Tesla's gonna probably

eat it because elon's gonna have to sell

more I mean take it for example 13

billion dollars of debt over at Twitter

let's just assume the average interest

rate is eight percent on all that debt

that means Twitter has a Debt Service on

an annual basis of

1.04 billion dollars

that's a million 40. a 1 billion and

then another 40 million that's a lot

right divide that by day that's like

over three million dollars a day in

interest payments that doesn't even

include employee expenses you know you

have 2 000 employees at uh left out of

the 7 500 or whatever that there were

say you got 2 000 employees at an

average uh you know with insurances so

assume somebody's at a hundred thousand

dollar salary but then you have fringe

benefits payroll taxes insurances

liability blah blah blah blah two

thousand people

times 150 000 that's another 300 mil

right there

double that for servers infrastructure

offices other you know expenses ads uh

mistakes you know just BS that happens

just double your payroll costs for a

moment you're sitting at a 1.6 billion

dollar burn or 1.6 billion dollars is a

burn when you just lost half of your

advertisers according to NPR they lost

half of their advertisers

it's gonna be tough let's look at

Twitter's last earnings report and let's

see how much money they were making so

all we have to do Twitter uh Q2 was the

last one Q2 earnings report 2022. uh

we'll get a quick look at that look at

that it's still on the CDN right here

okay perfect so go to the financial

income statement right here there it is

okay so for the three months ended they

had revenue of 1.1 billion that's

actually great uh that's not bad for the

three months ended there say that's now

halved okay now we're sitting at

somewhere around let's make it make the

math easy we're sitting somewhere around

500 million dollars in in quarterly

Revenue however we've now gone into a

recession remember that right there

represents April May June where people

weren't really yet expecting the

recession so take 500 million and let's

drop that by 35 that's going to bring us

to 325 in quarterly Revenue

325 times 4 puts you at 1.3 billion

dollars in potential annual revenue at

Twitter and we just calculated about 1.6

in expenses you're losing 300 million

dollars a year now 300 million dollars a

year that's not

the billion a year if especially if

elon's having to subsidize it but the

fear of and I don't

Elon can get this company to a break

even but let's be clear here

this is like either creating the buying

opportunity of a lifetime for Tesla

because this literally has nothing to do

fundamentally with Tesla the only thing

this does is put selling pressure on the

actual stock or the fear of selling

pressure on the actual stock changes

nothing fundamentally but it does make

some people scratch their heads hey why

was volume the highest right over here

that it has been in over a year now this

right here being October of 2021 right

it makes you wonder is Elon having to

pre-sell because the expenses have been

so high remember we talked about

yesterday all of a sudden they're having

to sell I mean I get it they laid off a

lot of people but they're selling

computers office chairs espresso

machines brazing pans

they're auctioning this stuff off so you

know hey if you can sell a bunch of

stuff and get another 50 mil now all of

a sudden your loss goes from 300 ml to

250 mil right just ideas I think just

bottom line Elon like y'all

just try to communicate a little bit

better at Twitter probably need to be

doing that with Tesla too and we can get

on the right track I really I don't want

people to be confused that my criticisms

of Elon are a way to say oh I hate Elon

I don't like I love Eli I think just

some of the stuff they're doing at least

looking in from an outsider is like oh

not again it's just like you're sitting

here like face palming like oh my gosh

why would you do that you know like

I I get it I heard it like at least 50

percent of you say it in the comments

and the other 50 don't when Elon said

prosecute fauci 50 of people are like

God damn right prosecute vouching the

other 50 are like oh my God here we go

like

that's not what you should be doing when

you're trying to attract advertisers

okay that's all we're not going to

related litigate all of that and I know

then some people are like oh but

somebody's got to do it

do it when the company's making money

then okay like doing what things are

stable it's kind of like like you're

teetering on uh on on like a pogo stick

right now like you're on a pogo stick

and this is you you're on a pogo stick

in an earthquake and you're like boy I

hope we don't fall over and go bankrupt

by the way prosecute fauci and then

other people start shoving you and

you're like oh gosh it's getting harder

to hold on it's like

I say this to my kids sometimes it's

like why are you making it worse for

yourself

why are you making it harder on yourself

just stop

anyway uh all right thanks for watching

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we'll see you next one goodbye