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Elon Musk Banning 1.5 Billion Twitter Accounts · Elon Musk Podcast

• 0:01
  Hey everybody, welcome back to the Elon Musk Podcast.
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  It's banking, but not as you know it.
• 2:00
  It's better. Today, we're gonna take a trip
• 2:02
  back. All the way to December. 13th
• 2:04
  2022. When Elon Musk said he was going
• 2:07
  to remove 1.5. Billion Twitter accounts.
• 2:11
  It's from the archives. Take a listen.
• 2:14
  It's interesting. So Elon Musk bought Twitter a
• 2:17
  little bit ago for about $45 billion.
• 2:19
  And ever since the purchase, it's been kind of a roller
• 2:21
  coaster of emotions. He fired half of the staff, so
• 2:26
  half of the people that were on the moderation team and also
• 2:29
  engineers and also business people behind the scenes,
• 2:33
  they're all gone. So it's a slim line team and
• 2:37
  they're working forward in a way that is going to bring Elon's
• 2:42
  vision to life. And this vision is going to be
• 2:44
  something that's never really been done before, which is an
• 2:47
  all in one platform, which is going to be chatting, text,
• 2:51
  crypto king, video, audio, everything under one platform.
• 2:55
  So that really hasn't been done. It's been done in WhatsApp, but
• 2:58
  it's also something that's never been done sort of in America at
• 3:01
  this point. So Elon is building that
• 3:03
  platform and this gets back to SpaceX eventually.
• 3:06
  So I wanted to let you know that that is not just about Twitter
• 3:09
  today, but we have to set it up so we know what's going on with
• 3:13
  Twitter and how it's going to affect SpaceX.
• 3:15
  So Elon can have the staff trying to cut money, you know,
• 3:20
  trying to trying to get the money situated because he spent
• 3:23
  $45 billion on this and he has to move forward with his plan to
• 3:28
  build this thing and to make it profitable.
• 3:30
  But since he has joined up, there's been other things that
• 3:33
  have been happening at Twitter as well.
• 3:36
  So Elon kind of opened up the floodgates for all the people
• 3:39
  that have been banned before to come back out of the platform.
• 3:43
  You know, all the people with hate speech etcetera have been
• 3:46
  let back on the platform. And he's a, you know, he's a
• 3:50
  absolutist when it comes to free speech.
• 3:52
  So he wants everybody to speak their mind.
• 3:55
  He wants everybody to talk about the things that they want to
• 3:58
  talk about and he wants to give everybody no matter what your
• 4:02
  leaning is. And he wants to give you a
• 4:04
  platform to talk about what you want to talk about.
• 4:07
  And I understand that. You know, it's it's a noble
• 4:09
  thing to do. Everybody should be free to say
• 4:11
  whatever they want to say. Then the consequences of those
• 4:14
  things should be with the other people that are on the platform.
• 4:18
  And you should be able to talk it out.
• 4:20
  You know, like that's how that's how he feels.
• 4:22
  You know, just talk it out, figure it out.
• 4:23
  Now, some of this stuff, some of this speech is, you know,
• 4:27
  protected under the Constitution.
• 4:29
  Of course you can't incite violence, things like that.
• 4:32
  You're not supposed to do that stuff.
• 4:34
  There's laws about that. You're not supposed to do that.
• 4:36
  And he said he's going to follow the law of the land as much as
• 4:39
  possible on his platform. Right.
• 4:41
  But this is where it gets kind of dicey.
• 4:44
  When those people came back in, there was a flood of trolls as
• 4:48
  well that came back through. And apparently those trolls
• 4:51
  started off on 4 Chan, which is a place where if you're not
• 4:54
  familiar with it, it's full of trolls.
• 4:56
  And if if you've never been there, don't.
• 4:59
  It's like if you don't want to see it, don't go there.
• 5:01
  It's it's not a not a pleasant place but it is an interesting
• 5:04
  place to visit on the Internet and if you, if you're really
• 5:08
  inclined, go check it out. But I would, I would suggest
• 5:11
  highly against it. But it's it's interesting.
• 5:13
  So they all hung out there and they thought of an idea, hey,
• 5:18
  let's troll the Internet and let's make a fake Eli Lilly
• 5:23
  account, right. And this account is a
• 5:26
  pharmaceutical manufacturer. So they said, hey, we're going
• 5:29
  to make insulin free. This was a fake account, a
• 5:33
  verified fake account. You know, you can pay the $8 to
• 5:36
  get a verified account. They paid the $8, got a verified
• 5:39
  account and duped everybody into thinking that that's the real
• 5:43
  Eli Lilly. And the real Eli Lilly was like,
• 5:46
  no, we didn't say that. What are you talking about?
• 5:48
  So the $8 check mark thing on Twitter kind of got canned,
• 5:52
  right? Immediately it got cut off.
• 5:55
  Eli Lilly lost a bunch of money. Investors pulled out of the
• 5:58
  company because they thought that this was real.
• 6:01
  So the stock price tanked a little bit and people pulled out
• 6:05
  and they were like, we can't really trust this.
• 6:07
  So Elon in his wisdom said, OK, $8 check mark not good enough.
• 6:11
  So we're going to put more check marks.
• 6:14
  We're going to check mark the people that are paying the $8
• 6:17
  just to verify that you're a human, you're going to have to
• 6:19
  pay more if you are. You know, if you work at a
• 6:22
  company, say if you're an executive at a company, you're
• 6:24
  going to pay X amount of dollars, you're going to get an
• 6:26
  executive check mark and the name of the company will be in a
• 6:29
  little icon underneath your profile.
• 6:32
  And also a government person, you know, somebody that works in
• 6:36
  the government, you can have that attached to your Twitter
• 6:38
  profile. So you're going to have to pay
• 6:39
  for that check mark as well. So different checkmarks for
• 6:41
  different people. Understandable.
• 6:44
  You know, hey, if you could take a second and hit the subscribe
• 6:46
  button and the like button, it would really help out the
• 6:48
  channel. But it's going to help you out
• 6:49
  even more because you're going to start seeing more SpaceX NASA
• 6:53
  Space Flight content in your feed, not just for myself, but
• 6:56
  from other creators as well. And it's going to help you out
• 6:59
  actually a lot more than it's going to help me out.
• 7:01
  So please just take a second hit, subscribe, hit like and
• 7:04
  let's get back into the Elon Musk content.
• 7:07
  So you can discern between a real account and not a real
• 7:10
  account. And you have to have those
• 7:12
  certain sort of e-mail addresses or some sort of way to identify
• 7:15
  yourself in order to get that check mark.
• 7:18
  So if you're Eli Lilly, you know, for, for instance, you'd
• 7:22
  have to have an Eli Lilly e-mail address verify your Twitter
• 7:26
  account so you can verify that you work there.
• 7:29
  OK. So no more of the trolls getting
• 7:33
  a hold of the other people's accounts because they're not
• 7:36
  secure anymore. OK.
• 7:37
  So that's the thing that Elon's working on right now.
• 7:40
  OK, so this all comes back to SpaceX, I promise.
• 7:43
  So those are the things that advertisers on the platform on
• 7:47
  Twitter looked at and they said, hey, this doesn't look like it's
• 7:51
  very stable anymore. And we don't really want to
• 7:54
  spend our money on a place that is going to give everybody,
• 7:59
  including the trolls, ways to say racist things and bigoted
• 8:02
  things and horrible things to other people.
• 8:04
  We don't want to be associated with that.
• 8:06
  So we're going to pull all of our money out.
• 8:08
  Half of the advertisers, the big advertisers that were spending
• 8:11
  millions of dollars per month pulled out of Twitter and said
• 8:14
  we don't want this anymore, we're going to pause our ad
• 8:17
  spend on Twitter, right. So there goes millions of
• 8:20
  dollars down the drain for Twitter immediately since Elon
• 8:24
  took over. Now when Elon saw this, he got,
• 8:29
  he got mad. You know, he was just like, how
• 8:31
  can't, like, why can't you understand what I'm doing here?
• 8:35
  And also, look, we've had these working relationships for a long
• 8:38
  time. There's always been trolls.
• 8:39
  So he confronted the people and he berated them, according to
• 8:44
  some news article that I read. I can't remember where I read
• 8:46
  it. I'm sorry, could be the
• 8:47
  Financial Times. I apologize.
• 8:49
  You don't have that up right now.
• 8:50
  But I read it this morning and it was a reputable source.
• 8:52
  So take my word for it. Sorry, I don't have it up.
• 8:56
  The fact is that apparently he went in there and he kind of
• 9:00
  yelled at people and, you know, kind of said, hey, you should be
• 9:04
  spending your millions of dollars here and not postponing
• 9:07
  it because I got this under control.
• 9:09
  So take that with a grain of salt as well because you never
• 9:13
  know where the Internet information is coming from,
• 9:16
  right? Could be just somebody, also a
• 9:18
  troll, could also be somebody that works there but also has a,
• 9:22
  you know, has a vendetta against Elon or one of his companies or
• 9:25
  something like this, right. So millions of dollars, hundreds
• 9:28
  of millions of dollars are going away from Twitter.
• 9:31
  So I think you know where I'm going with this moving forward,
• 9:35
  the Internet has kind of turned on Eli Eli Elon and has turned
• 9:45
  him from this person who's going to rise up and pull people out
• 9:51
  of horrible places such as, you know, with Tesla, you know,
• 9:57
  you're trying to remove carbon emissions from the, from the
• 10:00
  auto industry, right, by using electric vehicles.
• 10:03
  That's cool. Like EVs are great for that, you
• 10:06
  know, and they're like they're great technology.
• 10:08
  So moving that forward was a huge deal.
• 10:11
  And also, you know, solar panel roofs, great idea, use the
• 10:15
  energy from the sun, renewable sun comes out every day.
• 10:20
  You know, there's there's unlimited source of power from
• 10:24
  the sun. Use that power from the sun to
• 10:26
  generate battery power and your house, and you continue to have
• 10:30
  continuous operation of your home and the energy and that you
• 10:34
  need for your appliances and the other things in your house.
• 10:37
  OK, that sounds like an awesome idea, right?
• 10:40
  And then you have SpaceX, which is this gigantic rocket company
• 10:45
  that's sending rockets to the International Space Station.
• 10:48
  People on board, those rockets, they're going to be sending
• 10:52
  people to the moon in a lunar Starship variant.
• 10:55
  And also people that are investing in SpaceX think, you
• 10:59
  know where I'm going here, the people that are investing in
• 11:01
  SpaceX are investing billions of dollars every year to keep the
• 11:07
  company moving forward. So some of those people, and I'm
• 11:11
  not saying this is actually happening yet, I'm just saying
• 11:14
  this could happen in the future. Some of the people that may have
• 11:18
  wanted to invest in Tesla and there could be, you know, let's
• 11:22
  just put a a random number on here, let's just say 1 billion
• 11:25
  dollars, 1 billion with AB dollars.
• 11:29
  And that's a a certain amount of people.
• 11:32
  That said, I don't know what Elon's up to now I'm kind of
• 11:35
  sketched out. I don't know what's happening.
• 11:38
  So I'm gonna pull back my 300 million.
• 11:42
  Yeah, my $300 million for now, and I'm not going to put it in
• 11:46
  the next round of funding for SpaceX.
• 11:49
  Now, can Elon bring in other investors to help him out and
• 11:54
  get that funding anyway, or could he sell off some of his
• 11:57
  stock in Tesla to fund SpaceX going forward?
• 12:01
  There's a possibility of that, but the sentiment about Elon,
• 12:06
  Elon has changed tremendously from this person that was going
• 12:10
  to help revolutionize everything and change humanity as a whole
• 12:15
  to somebody who's cutting jobs. And also you know, he's a
• 12:20
  horrible person and the sentiment online is that it it's
• 12:24
  completely changed. If you look at the rhetoric on
• 12:28
  even on Reddit from the last three to four years, even a
• 12:34
  couple months ago, everyone was 100% for Eli.
• 12:38
  You know there is a a couple of detractors here and there, but
• 12:41
  most people were like, hey, that's a there's a guy doing
• 12:44
  some cool stuff, you know, he's making those rockets that's
• 12:46
  cool, including myself. I'm like, hey, he's doing some
• 12:48
  cool stuff. He's making those rockets.
• 12:50
  He's making those rockets go to the International Space Station
• 12:52
  and also Starship etcetera. But now people are kind of
• 12:58
  changing their tune. You know they're they're saying
• 13:01
  things like he's not fit to run so many companies because he's
• 13:05
  so, he's so stretched between all of these companies doing all
• 13:08
  these things that he can't do all of it.
• 13:11
  You know, they've they've been saying that for a long time, but
• 13:13
  now it's kind of showing through a little bit.
• 13:17
  People are seeing it through the cracks, but it's out public.
• 13:20
  And Elon even puts it out in the public and talks about it in the
• 13:25
  public on Twitter all the time. Like he's he's kind of a guy
• 13:29
  that was like, hey, I love Twitter.
• 13:32
  I love to talk on here. I love to make memes, I love to
• 13:35
  make funny things go on on Twitter.
• 13:36
  But now he owns it so he can kind of do whatever he wants
• 13:39
  with it. So it's a private company now.
• 13:42
  He owns, you know, Twitter, so he can make it whatever he wants
• 13:47
  to make it. And he doesn't need to rely on
• 13:49
  outside investment other than advertisers or the investment
• 13:53
  that was already put into Twitter in the 1st place.
• 13:56
  And the reason why he bought Twitter, The user base is huge
• 13:59
  one and if it was the technology that they had, you can build
• 14:03
  that. Like I could build Twitter.
• 14:05
  If I really want to do it, I can sit down and I can read a or
• 14:11
  watch a a React build, build Twitter with React JS tutorial
• 14:16
  on YouTube. So it's not the technology.
• 14:18
  I can get that done in an afternoon, you know, that's no
• 14:21
  big deal. Elon could do that himself if
• 14:24
  you wanted to. But it was for the user base,
• 14:26
  the millions and millions of people of active users that he
• 14:30
  bought Twitter so he can build his x.com platform moving
• 14:34
  forward. Now is this going to hamper some
• 14:36
  people from investing in SpaceX in the future?
• 14:39
  I think the diehards will always be there.
• 14:41
  I think people that are interested in Space Flight and
• 14:45
  interested in Starship will always be there.
• 14:47
  And possibly this could shift the focus from private
• 14:52
  investment of SpaceX into SpaceX going to a more public route if
• 14:57
  the sentiment dies down from the private investors.
• 15:00
  And I'm not an an investment guy, you know, so this is not
• 15:03
  financial advice. I wanted to let you know that
• 15:06
  now, not financial advice, but I want to let you know that
• 15:10
  there's a possibility that within the next X amount of
• 15:13
  years, SpaceX could be thinking about going public where you
• 15:17
  could buy shares of test or sorry, SpaceX, and you could buy
• 15:20
  shares of SpaceX because of this fallout from something like
• 15:25
  Twitter is if Twitter goes bust, if Elon just goes like, I can't
• 15:30
  save it and we're going to lose a bunch of money.
• 15:32
  Sorry everybody, you know, what are you going to do?
• 15:35
  But you know, Elon's, you know, he's not perfect and nobody is.
• 15:39
  So moving forward, if that happens, maybe the vision of
• 15:46
  Elon, maybe the outlook of of Elon is going to be a little bit
• 15:49
  changed. And maybe they're going to have
• 15:51
  to move SpaceX from, say, a privately owned company and
• 15:57
  privately funded company to something that's more public
• 16:00
  like Tesla, where you can have thousands of investors and, you
• 16:07
  know, you could, you could build a gigantic successful company
• 16:10
  sort of like Boeing. So maybe SpaceX is going to be
• 16:14
  the next Boeing, who knows. But I'm, I'm excited and I'm
• 16:18
  eager to see what happens in the near future because it could be
• 16:22
  really interesting or it could just be nothing.
• 16:24
  You know, there's there's a whole part of it that's just
• 16:27
  like, maybe this is just Internet drama, you know, maybe
• 16:29
  it's just Internet drama for now.
• 16:31
  And people will wake up and they'll say, hey, you know, this
• 16:34
  is going to be a a, like, no big deal.
• 16:37
  And we're still gonna invest in SpaceX because we understand the
• 16:40
  value of SpaceX, which is bringing humanity to space and
• 16:44
  bringing like sending humanity to Mars and sending people back
• 16:49
  to the moon and sending people to the International Space
• 16:52
  Station and also launching satellites, launching Starlink
• 16:55
  satellites, bringing connectivity to everybody in the
• 16:58
  rural areas of of the world. There's a possibility people are
• 17:02
  just gonna be like, yeah, we understand, like that's cool,
• 17:05
  and we're going to spend our money there because we know that
• 17:09
  that's a successful business. They keep making money, and it's
• 17:12
  a whole other thing than Twitter.
• 17:14
  Like, Twitter's kind of a it's a technology company.
• 17:17
  SpaceX is a technology company, too, but they're a very
• 17:20
  successful technology company. And Twitter is his new kind of
• 17:24
  hobby thing. You know, like that.
• 17:25
  You think? A lot of people think like that
• 17:27
  too. Hey, thank you so much for
• 17:28
  listening today. I really do appreciate your
• 17:31
  support. If you could take a second and
• 17:32
  hit the subscribe or the follow button on whatever podcast
• 17:35
  platform that you're listening on right now, I greatly
• 17:38
  appreciate it. It helps out the show
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  tremendously and you'll never miss an episode and each episode
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• 17:47
  And please, if you want to support the show even more, go
• 17:50
  to patreon.com/stage Zero and please take care of yourselves
• 17:56
  and each other and I'll see you tomorrow.