Twitter Is The Easiest Company For Elon To Run
Do you recall all the noise about Elon Musk running Twitter. How this was going to be the end of Tesla and the other companies that he was involved with.
Obviously, few of us could even run one of these entities, let alone three. However, Elon seems to be a different breed in that regard. The guy is certainly willing to put in the time, working more than 120 hours a week. Makes you wonder how he found time to make 11 kids (must be a quick shot).
The noise surrounding Elon running Twitter died down. He did announce he was going to step down as soon as he found a suitable replacement at CEO. That was a month ago and we do not even hear about a search being conducted. Maybe one is but we have no idea.
That said, I believe a big part of the silence regarding this is the fact that Tesla news is strong. People complained about the miss in deliveries for the 4th quarter yet were overtaken when the numbers came out. Also, Elon and the team did kill it on the conference call (something Elon is apt to sabotage periodically).
Nevertheless, let us look at this situation and see what the hype was about.
Twitter The Dumpster Fire
There is little doubt that Twitter was a total dumpster fire. The company was losing a few billion dollars a year, something that was pushing it toward bankruptcy. There were many who were attacking Musk for taking it on and then the moves he made. One of the first was to can about 70% of the staff.
This is a no-brainer in the world of business and with Twitter, it seemed like the right move. Of course, Musk was blasted for this yet, since that time, Facebook (Meta), Google, and a host of other Silicon Valley companies followed suit.
Also, the operation of Twitter hasn't really suffered. Remember when the naysayers were calling for the end of the platform, that it would not even run? Notice how, once again, the doom and gloom people were wrong.
From the latest Spaces, Musk participated it, we find the code is still an absolute mess. It seems that spaghetti programming is an understatement here. This is going to take a while to figure out.
However, the point that we have to keep in mind is that Twitter is the easiest of all companies in Musk's camp. Seriously, it is a digital platform, i.e. software. While the company might be messed up, the financials crappy, and the code a rat's nest, it is a lot easier than scaling the production of an automobile plant or landing rockets on a barge.
Repeatedly the same script is playing out. Those who hate Elon attack and end up, in the long run, wrong.
With Twitter, I honestly could care less. My dedication is to Web 3.0 and I have no illusions about Elon wanting to be a part of that. He is Web 2.0 control all the way.
That said, I firmly believe he will create his "largest financial company" in the world. He will end up surpassing JP Morgan and Goldman Sachs. Payments are likely just a starting point. That will allow him to move past the likes of PayPal.
He has a plan and it is a big one. In the end, I bet he pulls it off.
The Everything App
We discussed the idea of creating a number of everything applications on Hive. Leofinance is certainly one that should look at incorporating all features that are available here. Khal has mentioned the concept on a number of occassions. It is one that makes a lot of sense.
The truth is we can learn a great deal from Elon. Personally I believe he is competition for Hive. He will end up eclipsing the rest of the social media world because he is ahead of the curve looking to incorporate finance. This puts him squarely in the world of blockchain and cryptocurrency, financial networks that are suited for payments.
With a platform such as Leofinance, we have the ability to incorporate much of what Musk is thinking about doing. Of course, we already have the wallet system in place.
Could we see a time when things such as loans such as mortgages are offered through Leofinance? Probably not in the traditional sense but I am sure lending features show up. This is, after all, cryptocurrency. We are expecting development and innovation like this to present itself.
We are looking to remake the existing financial system. Web 3.0 is not only dealing with social media but is part of the financial evolution we so often discuss.
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