Elon Musk actually sits down and talks to 'government-funded media' the BBC
- Reference: 1681308914
- News link: https://www.theregister.co.uk/2023/04/12/elon_musk_talks_to_bbc/
- Source link:
The result was an hour-long retrospective on Musk's first six months at the helm with the BBC's North America technology correspondent, James Clayton, which was broadcast live on Twitter Spaces as well as recorded by the Beeb.
What started as fairly good-natured conversation inevitably turned sour when Clayton pressed Musk on his decision to reinstate multiple banned accounts and the supposed proliferation of misinformation on the platform.
[1]
But there were plenty of valuable insights from the horse's mouth as well, as far as Musk can be believed anyway. One such was his admittance that he would have walked away from the takeover deal if he could.
[2]
[3]
"It really is quite entertaining, it's like soap opera," he said, and didn't we all know it at the time. "Because when I first made the offer ... they were like, 'HELL NO, YOU CAN'T BUY TWITTER, WE'D RATHER DIE. WE'D, LIKE, CHEW ON CYANIDE BEFORE BEING BOUGHT.' That was their initial response."
Of course, Musk then had a change of heart, ostensibly to do with the amount of bots or fake users. "And then they said, 'NO, YOU MUST BUY US, GUN TO THE HEAD, YOU HAVE TO BUY US.' And I'm like, are you the same people who said you'd rather die than be bought? Doesn't that seem odd?"
[4]
On the bot situation and that $44 billion price tag, Musk likened it to buying a warehouse full of goods and being told that less than 5 percent could be broken, but on closer inspection it was more like 25 percent. "You'd be like, huh, that's not what you said."
Clayton dug further: "Did you [buy Twitter] because you thought a court would make you do that?"
"Yes. Yes, that is the reason."
[5]
"So you didn't actually want to purchase it even when you said you were going to?"
"Well, not at that price! ... It's not super complicated."
"I'm not sure you've said that before."
"Cue a whole bunch of court cases ..."
The discussion also touched upon the BBC's spat with Twitter for labeling it as "government-funded media," which Auntie [6]vehemently disagrees with , having written to the company this week to resolve the issue "as soon as possible."
"The BBC is, and always has been, independent. We are funded by the British public through the licence fee," it said.
To that, Musk admitted he knew the BBC was not "generally thrilled about being labeled state media" and said it would be changed to "publicly funded," for the BBC and the US's NPR, though we'll have to wait and see if he follows through.
"I actually do have a lot of respect for the BBC," Musk said, suggesting that he is not above trolling respectable, venerable media orgs for shits and giggles.
Musk also walked through Twitter's successes and new features introduced under his leadership, saying: "Usage is up, growth is good ... the site is working fairly well, and we're doing it with a small fraction of the original headcount."
He dismissed long-running concerns that the website would eventually collapse due to brain drain from the deep layoffs Musk made in engineering and other departments. Twitter now runs from two datacenters instead of three, a cost-cutting exercise Musk said was achievable thanks to an "80 percent" improvement in the efficiency of the platform's core algorithm.
"We're actually on Twitter right now, so it must work," he quipped.
But it hasn't all been fun and games. Musk confessed that it's been "really quite a stressful situation over the last several months" and that the "pain level has been extremely high, this hasn't been some kind of party."
On layoffs, Clayton took Musk to task over the lack of notice employees were given, but the world's second richest man was defiant. "The gravity of the situation is perhaps not well understood ... At the point at which the transaction closed, Twitter was tracking to lose over $3 billion a year, and had $1 billion in the bank, so that's four months to death, so this is your starting position."
Asked whether it was reasonable to paint the job losses as "uncaring," he said: "The issue is that the company is going to go bankrupt if we do not cut costs immediately, so this is not a caring/uncaring situation – if the whole ship sinks then nobody has a job."
Clayton observed: "You're framing it in a way that it had a few months to live; you're quite a rich man."
"I sold a lot of Tesla stock to close this deal," Musk shot back. "I did not want to sell the Tesla stock."
[7]Ex-Twitter execs sue over $1M+ in unpaid legal expenses
[8]Twitter users complain 'private' Circle posts aren't
[9]Welcome to open source, Elon. Your Twitter code just got a CVE for shadow ban bug
[10]Twitter scores legal hat trick with three cases filed against it in one day
The atmosphere became more adversarial when Clayton claimed that he had seen more "hateful content" on Twitter since Musk took over. The former CEO (" [11]My dog Floki has taken over ," he claimed at one point) asked the journalist to name a single example, which Clayton failed to do, [12]much to the delight of the "free speech absolutists" on the platform. It was not a good look for the BBC in front of the baying hounds and worsened as Clayton squirmed through Twitter's [13]policy change on COVID-19 misinformation .
"COVID is no longer an issue anymore," Musk said. "Does the BBC hold itself at all responsible for misinformation regarding masking and side effects of vaccinations? And not reporting on that at all? And what about the fact the BBC was put under pressure by the British government to change editorial policy, are you aware of that?"
It then became unclear who was interviewing who. Away from political flash points, however, Musk claimed "most" advertisers had now returned to Twitter and the platform could be on track to become "cash flow positive" as soon as this quarter. It's an entertaining bit of TV at the very least, and can be viewed in full [14]here .
Twitter Inc 'no longer exists'
In other news from tech's most chaotic takeover, it appears that Twitter Inc is no more.
In April 4 [15]filings submitted as part of US right-wing conspiracy theorist Laura Loomer's racketeering lawsuit against Twitter and Meta, which both banned her from the platform (she's banned from pretty much every app you can think of, but is back on Twitter), lawyers wanted to point out that Twitter Inc is no longer a defendant.
They write: "The undersigned counsel for Defendant X Corp., as successor in interest to named Defendant Twitter, Inc, hereby states that Twitter, Inc has been merged into X Corp and no longer exists. X Corp is a privately held corporation. Its parent corporation is X Holdings Corp. No publicly traded corporation owns 10 percent or more of the stock of X Corp or X Holdings Corp."
Musk has referenced this "X" before, [16]claiming in October: "Buying Twitter is an accelerant to creating X, the everything app." While the SpaceX and Tesla mogul has never elaborated further, commentators suspect he'd like to ape China's WeChat, which offers "everything" from social networking to messaging to ride sharing, food deliveries and more. X.com was also the name of Musk's business that was spun into PayPal.
WeChat works because it is a China-only business. It's a walled garden owned by Tencent, which, by virtue of its massive data empire, has made it the de facto messenger app of the Middle Kingdom. Getting something similar to work in the Western world – where you have the Facebooks and WhatsApps and Telegrams and Ubers and Deliveroos etc – would be difficult, not least because of all the competition watchdogs sniffing around constantly. Facebook and Twitter, as well as a host of other Western internet services, are banned in China so WeChat's dominance is pretty much state approved.
Considering that Musk reckons Twitter is only just getting back on the straight and narrow, and not forgetting that he obliterated the workforce, "X, the everything app" looks set to remain but a twinkle in a flaky entrepreneur's eye for the foreseeable, not to mention that it's in all likelihood completely unworkable. ®
Get our [17]Tech Resources
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[6] https://www.bbc.co.uk/news/entertainment-arts-65226481
[7] https://www.theregister.com/2023/04/11/former_execs_sue_twitter/
[8] https://www.theregister.com/2023/04/10/twitter_circle_posts/
[9] https://www.theregister.com/2023/04/07/twitter_code_cve_substack/
[10] https://www.theregister.com/2023/04/05/more_twitter_lawsuits/
[11] https://twitter.com/elonmusk/status/1625695877326340102
[12] https://twitter.com/TexasLindsay_/status/1646006232484913153
[13] https://www.theregister.com/2022/11/30/twitter_covid_misinformation/
[14] https://www.bbc.co.uk/iplayer/episode/l00569bp/elon-musk-talks-to-the-bbc
[15] https://storage.courtlistener.com/recap/gov.uscourts.cand.395023/gov.uscourts.cand.395023.123.0.pdf
[16] https://twitter.com/elonmusk/status/1577428272056389633
[17] https://whitepapers.theregister.com/
`With apologies to the Pythons...
'E's not pinin'! 'E's passed on! This social media company is no more! He has ceased to be! 'E's expired and gone to meet 'is maker! 'E's a stiff! Bereft of life, 'e rests in peace! If you hadn't nailed 'im to the perch 'e'd be pushing up the daisies! 'Is metabolic processes are now 'istory! 'E's off the twig! 'E's kicked the bucket, 'e's shuffled off 'is mortal coil, run down the curtain and joined the bleedin' choir invisible!! THIS IS AN X Corp!
"The BBC is, and always has been, independent. We are funded by the British public through the licence fee," it said.
Which the British public are forced to pay for to watch broadcast television, even if they never consume BBC content, and have zero say on who governs the BBC or what it broadcasts. That's left to the government and appointed staff.
Even today there's a Tory politician who's been recorded saying that there's nothing wrong with skin colour, but that black people are inferior to whites. Where's that on the BBC? And all through COVID, countless Tory MP's being wheeled on and allowed to spout inaccurate bullshit to the masses without being questioned. How is that independent?
It simply isn't, and long may the "government-funded media" tag last on their Twitter accounts.
Any chance of a link to that bit of news about a Tory polititian?
From a personal point of view, the BBC does seem to annoy the Daily Mail some of the time, so it must be doing something right, although speaking for myself, I perceive BBC news as having a slight conservative bias... The thing is, if we didn't have the Beeb, whatever we had instead would almost certainly be worse, even if it was a privatised BBC.
Sure, this is where I saw it: [1]Instagram
If it were more honest about what it actually is then I wouldn't have a problem with the BBC. They do annoy the Daily Fail lot, but then most of us breathing tend to annoy them.
[1] https://www.instagram.com/reel/Cq8EAxIIUJC/?utm_source=ig_web_copy_link
https://www.bbc.co.uk/news/uk-wales-65246336
Thank you.
Well I'm struggling to find this story on the beeb: [1]Essex pub landlady replaces golliwog doll collection that was seized by police , which includes this paragraph:
Ryley denied that she or her husband were racist. “I’m not a racist in any form.” She confirmed that her husband had been photographed in a T-shirt from the far-right group Britain First. She said: “I don’t think Chris is a supporter of Britain First, he was just wearing that shirt because it was convenient at the time.”
But perhaps a story that targets a key section of the British electorate who are sympathetic, lets say, to this Conservative government is just an oversight.
[1] https://www.theguardian.com/world/2023/apr/11/essex-pub-landlady-benice-ryley-replaces-golliwog-doll-collection-that-was-seized-by-police
>he was just wearing that shirt because it was convenient at the time
I just went to the Bar Mitzvah dressed as a Nazi cos all my other suits were in the wash
'long may the "government-funded media" tag '
Yeah, sorry but that's just not the case. They may have gone along with everything that the government did re: Covid, apart from asking "Why didn't you lock down sooner prime minister?"... for which I think I will never forgive them.
However, they also played a large part in bringing down Boris (who was sort of running the government at the time) by banging on about bottles of wine and crisps at "parties" every day for 5 months or more. So, hardly "government-funded media" in the sense that they go along with everything the government does.
I think when Labour get in next year (shudder), the label will be a bit more appropriate as they are more ideologically aligned most of the time. (although I wonder how long that honeymoon will last)
However, I think the BBC does what the BBC likes. Which is kind of a good thing, except that most of the BBC employees are lefty liberal elite types who don't give a fig about normal working class people. So, we should all freeze in our homes with inefficient heat pumps and get rid of gas boilers, and we should all turn vegan and use public transport (which outside of London is mostly shite).
Not government funded but government run
The BBC is not government funded, it's just government run. Until the government removes its cronies from the management of the BBC, and stops pushing for people critical of the government to be fired from the BBC, or allows non-party members to become Politics Editor, I think the label 'Government affiliated media' is most apt.
I have, at times, thought it would actually make a lot more sense to have the BBC management appointed by the biggest opposition party instead of by the government. Just to make them critical and independent. The downside, however, would be that the BBC would still be run by the Conservative Party after the next elections.
Musk, the man who has...
* shook up the finance industry, by letting you use small payments on the Internet[1] when all the big boys said it couldn't be done, as they couldn't make massive amounts of money.
* pissed off those large corps like Boeing and Mcdonall Douglas, who were annoyed that he could do what they do, but cheaper, better AND faster.
* made the enormous global car industry collectively shit itself, because some startup could come along and offer something quite amazing and have enormous public demand.
* MAY shake up local transport if his ideas about the Boring Company work out.
Now he's set his sights on Twitter. He may fail, but at least he's trying. I for one are prepared to give him the benefit of the doubt. He's made so many other industries shit themselves. He may be unconventional, but he's clearly not an idiot.
[1] The Internet needs a capital I. It is a proper noun. (Or do you know of another Internet?)
Re: Musk, the man who has...
"* shook up the finance industry, by letting you use small payments on the Internet[1] when all the big boys said it couldn't be done, as they couldn't make massive amounts of money."
By all accounts he was failing at it VERY hard and it wasn't until they kicked Musk OUT, stopped working on his X.com idea and limited Paypal to doing only those small payments that it became succesful. Paypal worked DESPITE Musk trying to create X the first time, not because of him.
"* pissed off those large corps like Boeing and Mcdonall Douglas, who were annoyed that he could do what they do, but cheaper, better AND faster.". Again, Musk mostly seems to be the big wallet making it work, not so much the brains. SpaceX has/had an entire team dedicated solely to handling him when he was there. Also, McD-D doesn't exist, it's wholly owned by Boeing since 1997 (more accurately it's the other way around for some reason, but they stuck with the name Boeing). And so far this is limited only to space launch vehicles/capsules. Most of Boeings income is still passenger jets.
"* made the enormous global car industry collectively shit itself, because some startup could come along and offer something quite amazing and have enormous public demand."
offer something quite shit and of poor quality but showing a public demand that car makers had been hesitant to step into. It remains to be seen how well Tesla can do in the long term because quite frankly they're kinda shit and the "old boys" are fast catching up.
"* MAY shake up local transport if his ideas about the Boring Company work out." They won't. The Boring Company and Musks ideas on such can't work out. Geology fights it in every way, tunnels with cars running in them with no easy access aren't efficient and the one tunnel that they've made is AT BEST a novelty.
Musk has failed at making X.com before, but got lucky and made billions because other people made Paypal work after they kicked him out with a golden parachute of lots and lots of shares.
Musk isn't an idiot, but he's not NEARLY as smart as he thinks he is and far less smart than some people make him out to be.
Re: Musk, the man who has...
Musk was fired from paypal. Peter Thiel (spit) made it profitable. Musk got his first fortune by selling out of paypal after Thiel (vommit) did all the real work.
McDonnell Douglas died before SpaceX was born. They had some excellent money men with no clue how to run an engineering company. They sold out to Boeing and became their management team, sending Boeing in the same direction that they had taken McDonnell Douglas. Long before SpaceX reached orbit, Boeing got caught cheating on government tenders. The "solution" was to merge Boeing's and Lockheed Martin's rocket businesses into a single company: United Launch Alliance. The US government got completely screwed with monopoly launch pricing. They went out of their way to fund competitors (and they still do). Musk was in the right place at the right time. Space is hard as demonstrated by Rocketplane Kistler and Blue Origin. SpaceX succeeded because they had far more money the Kistler and more than Blue got in its early years. ULA and SpaceX measured success very differently: by ULA standards ULA were the obvious winners because they charged far more for doing far less. ULA still have lucrative US government contracts because the US government wants to assure access to space by having two independent suppliers. They know the end is near and are looking for a buyer because they know they cannot survive in a competitive market. Boeing is the lead contractor for SLS. The are very happy with that business: cost plus, $4B/launch and protected by politicians from both sides of the country. With Musk busy with Twitter for the last 6 months SpaceX has made excellent progress on Starship.
Tesla looks amazing when you look at the share price but if you look deeper their business is a tiny fraction of what that price would suggest. Musk has demonstrated exceptional ability at being found not guilty of securities fraud and when found guilty, of convincing the jury to award damages of $0. The law suits are piling up (at the glacial pace of the legal system). Even Musk has spotted the problem and has responded by hiring a hard core legal team team of streetfighters. Tesla is on its way to becoming a litigation company while the old motor industry are finally pulling their fingers out of their arses and setting up to build electric vehicles in quantity. When they do, they will stop paying Tesla for EV credits. Tesla is already reaping the rewards of lousy fit and finish, actively hostile customer support, broken FSD, and becoming the status symbol equivalent of a MAGA hat.
Boring company looks good on Musk's tunnelling rate figures. When you actually start comparing prices, Musk quotes for narrower tunnels and does not include lighting, ventilation or fire suppression in the costing. Digging the hole is only one part of the problem. Site surveys and permitting are sufficiently expensive to smother the cost benefits of a reusable tunnelling machine that makes fragile bricks.
Demanding to pay $44B for Twitter without doing due diligence demonstrates his business ability. Twitter was marginally profitable until he gave it $13B of debt. Any of his talk about making Twitter profitable can be thrown in the bin where it belongs because of the litigation building up from non-payment of bills. By all means, give him all your money in return for a promise of the highest interest rates in the world. Watch us laugh at you when you find you cannot withdraw your cash.
Did you buy it because you thought a court would make you do that? "Yes. Yes, that is the reason."
No, the reason you bought it is because you voluntarily signed a takeover agreement that you yourself had negotiated, because you wanted to own it. The court was only ever going to hold you to the contract you signed, which is why you didn't back out of the deal, preferring instead to whinge and act like some kind of victim to try and save face with your fanbois.
The only "hard hitting" question he should be facing is "You lost 10s of billions of dollars on this because you behaved like an asshole - how does this make you any kind of genius at all?".
I don't know about the current stance of the beeb leaning toward the conservatives, but they certainly were quite pro remain during the whole cluster fsck that was Brexit. And considering Brexit was dreamed up by the Tories as a way to stop voters voting for that bell end Farrage, id say the beeb were not conservative leaning back then.
Wasn't bell-end Farrage the one pushing FOR Brexit? How would the Tories dreaming up Brexit stop people voting for him?? That theory makes no sense.
That's not too difficult. If you're worried about losing votes to an adjacent party you copy the policies of the adjacent party so your voters stay with you (and perhaps some of their voters move to you). It even works that way in systems that aren't two party systems, though it's slightly more complicated and risky.
The Brexiters inside the Conservative Party managed to convince the party that Farage could steal all their votes and presto, Ukip ideology took over the Conservative Party.
Honestly, I can't think of anyone I know who uses Twitter, so who cares.
Propaganda
This is how it works.
Musk and twitter tell you the BBC is government funded.
BBC complains. No we aren't. We are independent even when the government forces our funding through taxation.
Que all the clowns with the "without the BBC what would we have?", "Where would our news be?" without looking at all the articles attacking striking workers who want fair pay like every other news outlet. Where is the independence from government on that one? When does the BBC go against other news outlets? If it was independent then why does it only report the same news in the same way every single day like every other news channel?
Musk has a sit down with the BBC totally unscripted, last minute after their announcement and not planned at all. The people rejoice. The BBC really is independent because some shithole social media website said it was.
Why am I the only one that sees this? We do not have real news anymore. The main stream media is fully controlled and geared up to tell you migrants are coming in their thousands while making sure you don't look at the people getting extremely rich off Covid or the cost of living crisis. Where are the BBC articles about what the real price of petrol and utilities should be? I don't drive so I don't care in part. You get the point though.
Independent as long as it doesn't stray
> "The BBC is, and always has been, independent. We are funded by the British public through the licence fee,"
Although you cannot be jailed for not paying the licence fee, you can be jailed for not paying the fine for not paying the licence fee.
So while the BBC is not (technically) state funded, it is certainly funded with the power of the state behind it (and a state that sets the Ts & Cs of the licence fee, and the BBCs operating conditions too)
And if the BBC is so independent, why are they so scared spitless worried about public opinion?
"he would have walked away from the takeover deal if he could"
Hey, genius, if you had read the terms you could have avoided signing a contract that locked you in.
Instead, you just signed it and then tried to use your name as an excuse when it all went pear-shaped. At the rarified level of your circle, that is simply not excusable.
No pity here. Pay attention next time.
If there is a next time.
to quote father jack:
Gobsh1te.