I expected that when Elon musk took over twitter, it would be a train wreck.
It would be chaotic and it would be a massive failure.
But even I thought that it would like take a little while he is literally speed
running the destruction of one of the most popular social media companies
on the planet.
And even he seems to think that this could end in disaster at this point.
He said in a staff meeting with twitter employees that bankruptcy isn't out of
the question.
So to give you an idea of how great a CEO he is, he takes over and
within nine days they're contemplating bankruptcy.
So he gathered all of his employees into an impromptu all hands meeting.
Always a good sign.
He gave them an hour's notice.
So it was an emergency impromptu all hands meeting.
He said that the economic picture ahead is dire and
that they need to get to at least like 50% money coming in via subscription.
I don't know why that would be the measure.
Why not just raise the ad revenue if money is what it's about.
Why is it so important that you get the subscription?
I don't know.
But anyway, that's just the beginning of their issues.
They've lost other key executives.
So let's see, we had the Chiefs of Info Security, privacy, compliance.
Their head of legal had warned their employees to call out sick and
use a whistleblower service to avoid breaking the law.
Do you know why the head of their legal department needed to do that?
Because Elon musk told the employees that they were gonna be responsible for
complying with a bunch of the issues that they're already having with the FTC,
that is definitely not on individual coders.
That's why you have compliance departments in these major companies to make sure that
you're complying with the law.
The idea that some engineer that you're having work 90 hour, work weeks and
sleep under his desk is also supposed to be like going through all the federal
regulations to make sure that they're complying with the law is insane.
Would open them up to legal jeopardy.
And so their own head of legal and tell them don't do that, and there again on
apparently the brink of bankruptcy, and that's after just a couple of weeks.
We've got other chaos, but Brett what do you think?
>> Guys, what I see here is a lot of twitter employees who
are refusing to rise and grind.
And I think it's a huge failure of people working really really hard for
a guy that treats them like garbage.
And I've studied a lot of American history and that's what built
this town is work really really hard for people who treat you like garbage.
I know people who work for SpaceX and this is not overstated,
at the end of the day, SpaceX has spent years and years and
years trying failing trying failing to build rockets that land, right?
They don't have years and years and years to do this.
That's what's so fascinating.
They have to pay more in interest on the loans that they took
out to get this purchase done than the company makes every year.
>> Yeah.
Now they get caught. >> What you gonna do?
And that all those loans are leveraged off of other companies he owns.
So this is him doing that fancy project that's just a vanity
thing in a area he knows absolutely nothing about.
And he has to learn how to run a social media company.
And I hope to God he fails.
I hate to say it, but I think it's so hilarious.
And the thing that we take away from this is we're watching libertarians learn that
you need a few rules.
And he's pretending that he hasn't learned that in the last few days.
>> Well, I think he's trying to pretend to the advertisers that the rules
will remain.
But nothing about what he's actually doing is reassuring everyone.
This isn't just about coming up with good ideas that he doesn't have
the expertise or now the employees to accomplish, that would be bad enough.
He's coming up with ideas that on their face are horrible ideas, and
then he's bundling the horrible ideas.
>> So the man who is going to save the planet one Tesla sale at a time,
one overpriced luxury zero emissions vehicle at a time.
That doesn't actually stop for Children and
is kind of a menace on the road, Elon Musk,
turns out we found out about a new of a private flight that he took.
Probably, and I've been reporting on private flights for a little bit for TYT.
One of the shortest flights I have seen.
Let's go to this graphic from Hayden Clarkin.
Elon musk took a nine minute flight to san Francisco from san Jose y'all,
which is five stops on the Caltrain.
I literally have no words.
There's a map of it.
You guys, if you've been to this area, I am from this area,
I know exactly what that is.
I've gone to see like San Jose Sharks hockey games from San Francisco.
It's like a beer and a half of a trip.
It is super short.
It takes you 40 minutes if that,
my man had to take a private nine minute flight.
That is what he did.
This is the same guy who by the way in 2018 said Tesla exists to help reduce
the risk of catastrophic climate change, which affects all species on earth.
Even if your faith in humanity is faltering, this is worth caring about.
Support makes a difference.
Thank you.
He was so different back then.
And a mash up was put together by of course Ken Klopfenstein of those two
screenshots, incase we needed a reminder about how terrible private jets are for
the environment.
A report from the United Nations warns that were absolutely of course hurtling
towards climate disaster if global greenhouse emissions like carbon dioxide
don't start dropping by 2025.
Researchers pinpoint a potential guideline to keep things sustainable.
Everyone on earth should limit their carbon footprint too.
A grand total of 2.3 metric tons per year,
which still feels like a lot of tons.
But let's look at a private jet,
it emits two metric tons of carbon dioxide per hour, per hour.
Now, of course, if it's a nine minute flight.
I mean, maybe if you're only taking, I mean, you could actually get
within under that if you're not taking that many short flights.
But like is Ellen in fact doing that?
No, and we talked about how Kylie Jenner has been doing these all kinds of folks,
whether it's Steve Jobs or, >> Taylor Swift.
>> Taylor Swift, Steven Spielberg has also been taking these.
So let's just put up this graph, you can see private jet versus this is CO2
emissions by vehicle type emissions by vehicle type.
Private jet, super yacht, that's fun.
A car and US domestic commercial flight.
Interestingly, US domestic commercial flight not all that bad.
Again, these are people who would not be caught dead doing what someone
like Bernie Sanders does, which is do the middle seat and
coach bro, if you need to go around, [LAUGH] and get to your campaign stops.
If you need to go support striking workers in different warehouses,
you think Kylie Jenner even or Elon musk?
You think these folks are flying commercial?
Hell no.