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Elon Musk: Officially a fraud and piece of shit. Official or unofficial war criminal?


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1 hour ago, NoName said:

this is a good read. this is also the most elon thing ever. if you can't be on time as CEO for a meeting you call that is your first all-hands on meeting, then it says a lot about what you think about the entire company's time.

or, you know, you could just schedule it ahead of time like any normal CEO of a company with more than like a 1000 employees spread across the entire world.

 

Elon was probably late because a boss in Elden Ring was taking him longer to beat than he'd expected.

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4 minutes ago, G650 said:

He is up there with dril for all time greatest

The truly outstanding thing about that account is with a 1 minute google search, you can find out what the joke is.

But the sheer number and status of people who interact (the British Royal family?!  celebs!  Politicians! ) with it cluelessly is incredible.

Amazing how a Georgia grad attorney took a message board account he created from the late Aughts, created a twitter account with it and kept the magic alive.

 

 

Edited by Francisco 2.0
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35 minutes ago, DefinitelyNotHollywoodColt said:

Imagine spending $44 BILLION DOLLARS on a business without having an actual plan on how to run the business. THEN, absent an actual plan, you decide the best course of action is to blow the entire thing up.

What in the actual fuck is he thinking?

And don’t forget the deal saddled the company with annual debt of $1 billion- a company that wasn’t profitable in the first place 

Edited by Pig Bellmont
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11 minutes ago, Francisco 2.0 said:

The truly outstanding thing about that account is with a 1 minute google search, you can find out what the joke is.

But the sheer number and status of people who interact (the British Royal family?!  celebs!  Politicians! ) with it cluelessly is incredible.

Amazing how a Georgia grad attorney took a message board account he created from the late Aughts, created a twitter account with it and kept the magic alive.

 

 

Might be the pinnacle of human achievement tbh.

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anyone have this?

this am from Bloomberg

https://www.bloomberg.com/news/articles/2022-11-11/musk-lawyer-calms-twitter-staff-fearing-jail-risk-for-ftc-lapses?sref=IJ2uXcA2&leadSource=uverify wall

Musk’s Lawyer Calms Twitter Staff Fearing Jail Risk for FTC Lapses

  • Dismissed team provided security assurances to advertisers
  • Layoffs triggered concerns about cyber threats, FTC violations
November 11, 2022 at 11:46 AM MST

After losing thousands of employees and top compliance officials at Twitter Inc., Elon Musk’s deputies are racing to contain heightened concerns that staff will be held liable for security lapses.

Musk’s lawyer Alex Spiro, who is guiding the legal team following the billionaire’s acquisition, sought to reassure employees that they would not go to jail if the company is found in violation of a Federal Trade Commission consent decree, according to a message viewed

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18 minutes ago, Chopper said:

anyone have this?

this am from Bloomberg

https://www.bloomberg.com/news/articles/2022-11-11/musk-lawyer-calms-twitter-staff-fearing-jail-risk-for-ftc-lapses?sref=IJ2uXcA2&leadSource=uverify wall

Musk’s Lawyer Calms Twitter Staff Fearing Jail Risk for FTC Lapses

  • Dismissed team provided security assurances to advertisers
  • Layoffs triggered concerns about cyber threats, FTC violations
November 11, 2022 at 11:46 AM MST

After losing thousands of employees and top compliance officials at Twitter Inc., Elon Musk’s deputies are racing to contain heightened concerns that staff will be held liable for security lapses.

Musk’s lawyer Alex Spiro, who is guiding the legal team following the billionaire’s acquisition, sought to reassure employees that they would not go to jail if the company is found in violation of a Federal Trade Commission consent decree, according to a message viewed

What a fantastic selling point for a workplace:

Bob, describe your workplace: "well, the pay is decent, benefits are okay.  We have a good enough WFH policy.  Management has its good and bad days, but they do seem to take employee input to heart, and they've improved some things over the years.  I'd prefer more paid vacation days, but all-in-all, its a good place to work."

Jim, describe YOUR workplace: "Management just sent us an email telling us that we probably won't go to jail for doing our jobs."

 

Again, Larry David couldn't write shit this ridiculous.

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1 hour ago, Francisco 2.0 said:
FhSjVlOXoAAv3bc?format=jpg&name=large

"it isn't clear exactly what is being verified, other than the user's willingness to spend $8"

no fucking shit dude. holy shit. I've come to the conclusion that Elon really didn't/doesn't understand this but I'm still so fucking bewildered at the idea that anybody else at all doesn't understand that it was the verification and notability part of the blue check that made the blue check useful. In that order. And if you remove those things, it no longer does the thing that it did - not in the way that you didn't like, and not in some different way that you hoped it would. Unless the way that you hoped it would was "only useful for clowning on what a dumb fucking choice it was to make this change".

Edited by Celery Man
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1 hour ago, Hefeweizen said:

Holy shit I need moar!

 

 The Elon stans have all suddenly disappeared.  Kind of like bizzle and Bruh Man in the aggy threads.  Wonder what the similarity could be?

This situation reminds me of the people cheering on Brexit for sticking to the eurotrash. Then the UK faced the harsh realities and the Brexit crew disappeared, at least on that thread.

Edited by Nice Guy Eddie
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2 minutes ago, Nice Guy Eddie said:

This situation reminds me of the people cheering on Brexit for sticking to the eurotrash. Then the UK faced the harsh realities and the Brexit crew disappeared, at least on that thread.

I mean, let's list the shit that crowd (and it's largely the same people) have been dead-wrong about, in spite of a shitload of people staring at the obvious and telling them "dude....that ain't right."

Brexit

Crypto

Elon-Twitter

 

Those are just the big ones that jump off the page.  I'm sure I'm forgetting a lot -- and yes, I'm keeping it non-CR, so leaving out any big American political issues.

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DP_MjbbV4AA8ov7.jpg

 

 

https://www.theverge.com/2022/11/11/23453575/omnicom-media-group-twitter-advertising-pause

 

Quote

Omnicom, one of the world’s biggest ad firms, representing brands like McDonald’s, Apple, and PepsiCo, is recommending clients pause spending on Twitter, according to an internal memo obtained by The Verge.

Omnicom Media Group is recommending clients “pause activity on Twitter in the short term,” according to a note titled “Twitter - Continued Brand Safety Concerns.” The memo cites recent events in the last few days that have “potential serious implications” for brands running ads on the platform.

 

 

Quote

The memo cites the deep layoffs of Twitter trust and safety teams, the resignations of high-profile executives, and the slew of “verified” impersonation accounts as being key issues for advertisers. “Evidence that the risk to our clients’ brand safety has risen sharply to a level most would find unacceptable,” the memo reads. “We recommend pausing activity on Twitter in the short term until the platform can prove it has reintroduced safeguards to an acceptable level and has regained control of its environment.”

 

Quote

The memo goes on to say that Omnicom has “formally requested that Twitter assure us that these issues will not impact compliant processes, operations, products, brand safety and client investment on the platform in any way” but that “seemingly due to the lack of senior leadership now in these areas, Twitter has not been able to give those assurances.”

 

 

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45 minutes ago, Brisketexan said:

What a fantastic selling point for a workplace:

Bob, describe your workplace: "well, the pay is decent, benefits are okay.  We have a good enough WFH policy.  Management has its good and bad days, but they do seem to take employee input to heart, and they've improved some things over the years.  I'd prefer more paid vacation days, but all-in-all, its a good place to work."

Jim, describe YOUR workplace: "Management just sent us an email telling us that we probably won't go to jail for doing our jobs."

 

Again, Larry David couldn't write shit this ridiculous.

It's Elon Musk's attorney Alex Spiro who is telling them that. Is that legal advice? Has he just created an attorney/client relationship with all those employees?

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16 minutes ago, Post Oak said:

 

I buy index funds and never look at them/don't try to understand the market on this level. What do we think is actually happening here? Obviously, the fake tweet happened, the price dropped - is this explainable by individual investors seeing the tweet and thinking it is true? Is it explainable by the same but with institutional investors? Or seeing it, and then becoming afraid that other people will think it ... is true or get mad that it is not or seeing a slight dip and then jumping ship without understanding why or, what the fuck is going on here where an obviously joke tweet dips a stock price... ~5%?

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6 minutes ago, Celery Man said:

I buy index funds and never look at them/don't try to understand the market on this level. What do we think is actually happening here? Obviously, the fake tweet happened, the price dropped - is this explainable by individual investors seeing the tweet and thinking it is true? Is it explainable by the same but with institutional investors? Or seeing it, and then becoming afraid that other people will think it ... is true or get mad that it is not or seeing a slight dip and then jumping ship without understanding why or, what the fuck is going on here where an obviously joke tweet dips a stock price... ~5%?

My guess is predicted reputational damage by having to explain why they do charge so much for insulin. I don't see it as a long term issue though.

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1 hour ago, Chopper said:

anyone have this?

this am from Bloomberg

https://www.bloomberg.com/news/articles/2022-11-11/musk-lawyer-calms-twitter-staff-fearing-jail-risk-for-ftc-lapses?sref=IJ2uXcA2&leadSource=uverify wall

Musk’s Lawyer Calms Twitter Staff Fearing Jail Risk for FTC Lapses

  • Dismissed team provided security assurances to advertisers
  • Layoffs triggered concerns about cyber threats, FTC violations
November 11, 2022 at 11:46 AM MST

After losing thousands of employees and top compliance officials at Twitter Inc., Elon Musk’s deputies are racing to contain heightened concerns that staff will be held liable for security lapses.

Musk’s lawyer Alex Spiro, who is guiding the legal team following the billionaire’s acquisition, sought to reassure employees that they would not go to jail if the company is found in violation of a Federal Trade Commission consent decree, according to a message viewed

https://archive.ph/HTUDo

 

Spoiler

Musk’s Lawyer Calms Twitter Staff Fearing Jail Risk for FTC Lapses

  • Dismissed team provided security assurances to advertisers
  • Layoffs triggered concerns about cyber threats, FTC violations
Elon Musk
Elon Musk
Photographer: Natan Dvir/Bloomberg
November 11, 2022, 6:46 PM UTC

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After losing thousands of employees and top compliance officials at Twitter Inc., Elon Musk’s deputies are racing to contain heightened concerns that staff will be held liable for security lapses.
Musk’s lawyer Alex Spiro, who is guiding the legal team following the billionaire’s acquisition, sought to reassure employees that they would not go to jail if the company is found in violation of a Federal Trade Commission consent decree, according to a message viewed by Bloomberg.
“I understand that there have been employees at Twitter who do not even work on the FTC matter commenting that they could go to jail if we were not in compliance -- that is simply not how this works,” the Quinn Emanuel Urquhart & Sullivan LLP lawyer wrote in a memo, earlier reported by Insider. “It is the company’s obligation. It is the company’s burden. It is the company’s liability.”
An information security team at Twitter that oversaw sharing of user data with advertisers and research partners was laid off after the takeover, a move that triggered internal concerns about vulnerability to security threats and potential violations of FTC rules, according to two people familiar with the matter.
The layoffs, which started November 3 and affected 50% of all Twitter employees, have contributed to a chaotic atmosphere within the company and were followed this week by the resignations of senior executives, including Chief Information Security Officer Lea Kissner, Chief Privacy Officer Damien Kieran and Chief Compliance Officer Marianne Fogarty.
Spiro said Twitter had spoken to the FTC and has its first compliance check upcoming. “The legal department is handling it,” he said in his note. 
The move to scrap the six-person information security team was combined with layoffs of at least a dozen other employees working on security, privacy and compliance issues at the company, the people said. The full size of those teams wasn’t immediately available.
The layoffs and departures are particularly noteworthy at a company that is under an FTC consent decree in which it agreed to better protect users’ personal data and also has to submit to regular audits of its privacy and data security systems. Twitter has been sharply criticized by former employees for security lapses, and in May was subject to a $130 million fine as part of a settlement with the FTC and Department of Justice over data privacy.
The information security team was focused on third-party risk management and was responsible for providing security assurances to advertisers that work with Twitter and share data with the company, according to the two people familiar with the matter, who spoke on condition of anonymity as they aren’t authorized to discuss the situation publicly.
 
The team also monitored Twitter’s sharing of user data with dozens of commercial partners and research organizations, some of whom have access to a programming interface that can be used to view sensitive non-public information about Twitter users, such as location data, IP addresses and unique device identification codes, the people said.
“The people at Twitter doing the checks on that access are simply not there anymore,” one of the people said, adding that the privacy and security of user data has been put at risk as a result.
The work carried out by the laid off information security team was partly intended to ensure compliance with a consent decree issued by the FTC in March 2011, according to the people. The decree, effective until 2042, ordered that Twitter must establish and maintain “a comprehensive information security program that is reasonably designed to protect the security, privacy, confidentiality, and integrity of non-public consumer information.” Violations of the decree can result in large fines.
On Thursday, a leader on Twitter’s legal team circulated an internal note that warned employees the company would, going forward, ask engineers to self-certify compliance with FTC requirements, according to a memo viewed by Bloomberg.
 
“This will put huge amount of personal, professional and legal risk onto engineers,” wrote the unnamed member of the legal team. “I anticipate that all of you will be pressured by management into pushing out changes that will likely lead to major incidents.”
In a statement, the FTC wrote it was tracking recent developments at Twitter with “deep concern.” The agency added that no CEO or company is “above the law,” and companies must follow consent decrees.
 
Twitter’s cybersecurity policies have previously faced criticism after high-profile data breaches. In 2014 and 2015, Saudi Arabia recruited spies inside the company and used them to obtain information on dissidents operating on the platform anonymously, according to U.S. prosecutors. In 2020, a teenager from Florida was charged for compromising the accounts of prominent people, including Musk and US President Joe Biden, and using them to promote a cryptocurrency scam.
In September, Peiter Zatko, Twitter’s former head of security who is known as “Mudge,” told the Senate Judiciary Committee that the company had poor security practices, which made it vulnerable to “teenagers, thieves and spies.” He said that Twitter’s leadership had “ignored its engineers” in part because “their executive incentives led them to prioritize profit over security.”
While rare, there have been instances of personal liability for executives at companies from security breaches. Former Uber security head Joe Sullivan was found guilty in San Francisco federal court in a case that stemmed from a 2016 hack — details of which he tried to keep hidden. Part of the charges against Sullivan related to the fact that Uber is under an order with the FTC and required to disclose breaches.
 
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21 minutes ago, Bookman said:

It's Elon Musk's attorney Alex Spiro who is telling them that. Is that legal advice? Has he just created an attorney/client relationship with all those employees?

Not an a/c relationship but he may have created a liability issue for himself if someone is damaged by his advice, depending upon the circumstances.

15 minutes ago, Celery Man said:

I buy index funds and never look at them/don't try to understand the market on this level. What do we think is actually happening here? Obviously, the fake tweet happened, the price dropped - is this explainable by individual investors seeing the tweet and thinking it is true? Is it explainable by the same but with institutional investors? Or seeing it, and then becoming afraid that other people will think it ... is true or get mad that it is not or seeing a slight dip and then jumping ship without understanding why or, what the fuck is going on here where an obviously joke tweet dips a stock price... ~5%?

Because insulin sales are a total grift by the pharma companies. It's a highly immoral situation they make billions from. Their investors are worried the spigot will shut off. Note, it wasn't just Eli Lilly that sunk, it was the other insulin manufacturers too.

FhTnCNOXEBIgLRe?format=jpg&name=medium

 

 

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23 minutes ago, Chopper said:

Not an a/c relationship but he may have created a liability issue for himself if someone is damaged by his advice, depending upon the circumstances.

Because insulin sales are a total grift by the pharma companies. It's a highly immoral situation they make billions from. Their investors are worried the spigot will shut off. Note, it wasn't just Eli Lilly that sunk, it was the other insulin manufacturers too.

FhTnCNOXEBIgLRe?format=jpg&name=medium

 

 

Yep as to both points.  In fact, if the attorney is deemed to have enlisted employees in breaching a legal duty (esp. if it amounts to defrauding the government), there could be trouble.

And I won't shed a tear for Lilly, which like most other insulin manufacturers, is being plain fucking evil on this point -- the patent was gifted for the good of mankind, and they are using their collective hold on the market to jack up something that costs almost nothing to make to ridiculous prices.  That said.....they should be ripshit PISSED at Twitter for letting it happen.  Both those things are true.

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1 hour ago, NoName said:
The move to scrap the six-person information security team was combined with layoffs of at least a dozen other employees working on security, privacy and compliance issues at the company, the people said. The full size of those teams wasn’t immediately available.
The layoffs and departures are particularly noteworthy at a company that is under an FTC consent decree in which it agreed to better protect users’ personal data and also has to submit to regular audits of its privacy and data security systems. Twitter has been sharply criticized by former employees for security lapses, and in May was subject to a $130 million fine as part of a settlement with the FTC and Department of Justice over data privacy.
The information security team was focused on third-party risk management and was responsible for providing security assurances to advertisers that work with Twitter and share data with the company, according to the two people familiar with the matter, who spoke on condition of anonymity as they aren’t authorized to discuss the situation publicly.
The team also monitored Twitter’s sharing of user data with dozens of commercial partners and research organizations, some of whom have access to a programming interface that can be used to view sensitive non-public information about Twitter users, such as location data, IP addresses and unique device identification codes, the people said.
“The people at Twitter doing the checks on that access are simply not there anymore,” one of the people said, adding that the privacy and security of user data has been put at risk as a result.
The work carried out by the laid off information security team was partly intended to ensure compliance with a consent decree issued by the FTC in March 2011, according to the people. The decree, effective until 2042, ordered that Twitter must establish and maintain “a comprehensive information security program that is reasonably designed to protect the security, privacy, confidentiality, and integrity of non-public consumer information.” Violations of the decree can result in large fines.
On Thursday, a leader on Twitter’s legal team circulated an internal note that warned employees the company would, going forward, ask engineers to self-certify compliance with FTC requirements, according to a memo viewed by Bloomberg.
“This will put huge amount of personal, professional and legal risk onto engineers,” wrote the unnamed member of the legal team. “I anticipate that all of you will be pressured by management into pushing out changes that will likely lead to major incidents.”

Sounds like good times at twitter hq!

Okay, mood change, now I can't stop rotflmao

edit dammit didn't load right, here's a screenshot to save a click

image.thumb.png.5482081d8b69535c80aad51117a02fd6.png

Edited by Chopper
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1 hour ago, Brisketexan said:

Yep as to both points.  In fact, if the attorney is deemed to have enlisted employees in breaching a legal duty (esp. if it amounts to defrauding the government), there could be trouble.

And I won't shed a tear for Lilly, which like most other insulin manufacturers, is being plain fucking evil on this point -- the patent was gifted for the good of mankind, and they are using their collective hold on the market to jack up something that costs almost nothing to make to ridiculous prices.  That said.....they should be ripshit PISSED at Twitter for letting it happen.  Both those things are true.

I rail on the cost of insulin here all the time. That being said, the 1918 patent really doesn’t apply to modern insulin. Think of insulin like pasta. There’s lots of different types. Most everyone uses a long acting and short acting.

I can go to walmart right now and buy a vial of short acting and long acting for $25 each without a prescription for a month’s supply.

However, my body is too brittle for the short acting stuff that costs $25. It’ll send me into a hypoglycemic episode. My wife has had to call 911 a few times to revive me when I used to use it. I have to use Lispro (humalog). Retail is $43 for a month’s supply.

My long acting insulin is levemir. Retail is $340 for a month’s supply.

If you’re a resilient type 1 and are willing to use older insulins that don’t help control blood sugar really well, the costs are manageable. In my experience as you age, it’s necessary to use more modern alternatives.

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23 minutes ago, GenXer said:

I rail on the cost of insulin here all the time. That being said, the 1918 patent really doesn’t apply to modern insulin. Think of insulin like pasta. There’s lots of different types. Most everyone uses a long acting and short acting.

I can go to walmart right now and buy a vial of short acting and long acting for $25 each without a prescription for a month’s supply.

However, my body is too brittle for the short acting stuff that costs $25. It’ll send me into a hypoglycemic episode. My wife has had to call 911 a few times to revive me when I used to use it. I have to use Lispro (humalog). Retail is $43 for a month’s supply.

My long acting insulin is levemir. Retail is $340 for a month’s supply.

If you’re a resilient type 1 and are willing to use older insulins that don’t help control blood sugar really well, the costs are manageable. In my experience as you age, it’s necessary to use more modern alternatives.


regardless, insulin in the US is still 5-20x more expensive than the rest of the western world. 


image.thumb.png.b846e2e6651a7835676970dc26b88ed8.png

Edited by Firemans4Horn
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17 minutes ago, Auto Driller said:

It almost seems like Elon is throwing a tantrum and trying to destroy twitter intentionally since he never wanted to close the deal in the first place.

I read someone yesterday who wrote that elon has the energy of a substitute teacher who's lost control of the class type energy.

also I think Yum Brands, which owns KFC, owes elo a letter of thanks because their app notification in Germany urging people to celebrate the anniversary of kristalnacht at kfc seems to be taking a back seat in the catastrophic corporate news column today.

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Musk’s lawyer Alex Spiro, who is guiding the legal team following the billionaire’s acquisition, sought to reassure employees that they would not go to jail if the company is found in violation of a Federal Trade Commission consent decree, according to a message viewed


I’d be concerned that our in house legal eagles either don’t know that they don’t get to decide who the feds prosecute or that they are straight up lying to staff.
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2 hours ago, Brian Fantana said:

Elon stans awful quiet in this thread

Speak up @Humble Beast

Lol no Stan here. I’ve disagreed with him a lot over the years. He’s fundamentally wrong on one of the issues I care about most. (He’s a shitcoiner vs bitcoin). I just think it’s a funny that a bunch of know it alls on this site are rooting so hard against him for…reasons. Very Twitter-like, where everyone is an expert on everything.
 

He may fail spectacularly. It seems to me that he’s A/B testing a lot of things rapidly so it’s pretty herky jerky right now. Fwiw my experience on the site has been unchanged and the people sharing their complaints or intel are all doing it via Twitter. 🤔 

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24 minutes ago, Humble Beast said:

Lol no Stan here. I’ve disagreed with him a lot over the years. He’s fundamentally wrong on one of the issues I care about most. (He’s a shitcoiner vs bitcoin). I just think it’s a funny that a bunch of know it alls on this site are rooting so hard against him for…reasons. Very Twitter-like, where everyone is an expert on everything.
 

He may fail spectacularly. It seems to me that he’s A/B testing a lot of things rapidly so it’s pretty herky jerky right now. Fwiw my experience on the site has been unchanged and the people sharing their complaints or intel are all doing it via Twitter. 🤔 

Mental gymnastics going on here.

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  • immamac changed the title to Elon Musk: [Fraud] Official or unofficial piece of shit?
  • blacklab changed the title to Elon Musk: Officially a fraud and piece of shit. Official or unofficial war criminal?

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