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Twitter is pivoting to video, as all dumb websites eventually must (awfulannouncing.com)

submitted 1 year ago by realcaseyrollins@kbin.projectsegfau.lt to c/tech@kbin.social

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The pivot-to-video strategy, which has been attempted and failed at by countless content companies, has its own Wikipedia page.

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[–] takeda@kbin.social 10 points 1 year ago (1 children)

Yeah, Zip2 was founded in 1995, he was ousted from it in 1996, the company sold in 1999.

He founded X.com in 1999, was ousted in 2000 before it became PayPal and sold to eBay in 2002

SpaceX was company that he actually founded and got successful, Tesla he technically didn't found but as you mentioned bought majority share and made himself look like CEO.

SpaceX and Tesla though are really run by different people SpaceX, they just learned how to deal with him instead of ousting it as the other companies did. But ok, I think he still deserves credit.

Though you omitted all the companies that he failed at. If you have a lot of money you can afford to lose frequently and still be successful. A luxury that you or me don't have.

[–] FaceDeer@kbin.social 1 points 1 year ago (1 children)

"Ousted" is an odd word to use for "sold his share", but I guess if that's the word you want to use then he was "ousted". At massive profit for himself.

Though you omitted all the companies that he failed at.

You haven't mentioned any companies that I didn't already mention.

[–] takeda@kbin.social 11 points 1 year ago

Ousted means, the board of directors removed him from CEO position against his wishes (in case of Zip2), and in case of X.com they did it while he was on honeymoon. Both of this things happened BEFORE the companies became successful.

You haven't mentioned any companies that I didn't already mention.

SolarCity, The Boring Company, X.com (basically his X.com that he is trying to revive with Twitter died when they merged with Confinity and created PayPal, and likely it's why he was ousted), I guess technically Neuralink has still chance to succeed.