Hi, what's going on? it's Trey I Know it's been a minute, but I figured I'd give you a quick update in terms of what I plan on doing with this channel I'm planning on giving analysis on Broad Market uh spy index funds Blue Chip stocks whatever any sort of play that I might find interesting on a weekly basis once or twice a week. I Also plan on giving stories that I find to be quite interesting regarding the financial sector. and today I plan on starting that off so if you'd like to stick around, feel free to do so. And if not, I wish you the best today. Elon Musk Told the world that Twitter may go bankrupt then Twitter has become quite an interesting website at this point. it's basically a website to complain about how Twitter is going to die or to brag about how Twitter is going to be the best thing since uh, the invention of the wheel. You can see this here from Watcher.guru Justin Elon Musk tells Twitter employees bankruptcy isn't out of the question, which is very humorous if you consider the fact that Elon Musk paid 44 billion dollars for the website and also that uh, we just watched FTX sort of burn in Flames or certainly memes rolling around a plentiful uh regarding some of the very interesting things going on in the financial world and I think a great meme to sort of encapsulate this entire process is this one right here where Twitter's just uh, you know that burning house right there and Elon Musk is just kind of smirking. you know, watching the insanity and he actually changed his uh tagline here at the Twitter complaint hotline operator which I think is, you know, pretty funny considering the drama that's unfolded on Twitter Uh, lots of people have different takes on this. I'm not trying to pick a side. what I find to be more interesting is the future of Twitter Considering the fact that I it's very valuable social media platform and I'd argue one of the more valuable social media platforms. between YouTube and Facebook and Instagram and Snapchat Twitter, there's a lot of opportunity to do a Q. A few key things which is promote Free Speech as well as give power back to the people. Twitter can do great things for journalism that can give power to the average everyday person and ultimately a voice to lots of people. which is great, right? But what a lot of people were surprised by is the fact that Twitter may go bankrupt and while that may come as a shock, the financials actually do make sense when you look at this, right? So what I've got stacked are three social media platforms Twitter Snapchat and Meta which was previously Facebook. Now this is a quick news flash: Twitter is, uh, not profitable right now in either a Snapchat and Facebook is the only profitable company. but if you were to take the time to look through their net income, you would find that Twitter's actually only ever had two profitable years which is 2018 and 2019 in which they made 1.21 billion 1.47 billion dollars respectively. However, they have always sort of just lost money. 521 million 456 million 108 million 1.1 billion 220 million dollars net loss for the year which is not great and Snapchat you know, sort of alongside here. Uh, very similar data which you can see they have not turned a profit. Meta However, this is very interesting and this is gonna we're gonna come back to. This has consistently turned profit and it's increased profit year over year over year over year. Outside of one year 2019 in which they had a small pullback to 18.49 billion dollars, however, they've done pretty well for themselves, right? Yeah, you could talk about the ethicality, the morality of Mark Zuckerberg what these guys do, but the fact Still Remains that they have turned to profits? So what makes the difference for Twitter Why is Twitter one of the few companies that can't turn or I should say maybe the majority of companies that can't turn a profit, right? Well, I think Elon Musk is trying to figure that out and ultimately he made a decision. And that decision was that he banned remote work for entire Twitter staff and this is coming off of uh, laying off staff to begin with. They originally had about 7 500 employees if I recall correctly. Um, don't quote me on that, but it's less than 10 000 for sure. they laid off a bunch of them and now they are actually planning to ban remote work. Now this is very interesting because since the Coven era, remote work has increased dramatically and I'm going to show you this here really quick. A study done by the U.S consensus Bureau in 2021 in which you can actually see between 2019 and 2021 uh, the amount of people primarily working from home tripled from 5.7 to 17.9 Now I work from home, working from home is, uh, great, right? I enjoy it because it gives me the flexibility and the availability to be with family to travel if necessary to take time off of work. But there are also downsides such as you know, uh, social relationships and I think that ultimately is probably going to be a plus for Twitter. But outside of that, there really actually isn't a lot of statistical evidence to suggest that this was a good business decision, which I'm going to show you after. uh, we sort of run through this article, but this is the source in which shows Elon Musk's uh, decision to end remote work for Twitter You can read this: The new CEO's elimination of remote work is a massive change to the operating history of Twitter The company had established work from anywhere agreements with the staff in this Arrangement that made sense amidst the global Covid-19 pandemic. Uh, that rocked the world and you you know you can see this is sort of amidst some of the other big Tech and big social media platform companies making layoffs and making uh, you know, changes in there sort of business model as well. However, and this is. this is what's very fascinating. Working from home has actually been proven to increase productivity according to this study. by Stanford in which 16 000 workers over a nine month period of time uh, should an increase in productivity by 13, you may be asking yourself Trey uh, what's sort of? The metric here is measuring this and you can see that it's measured by more calls per minute attributed to a quieter, more convenient working environment, and working more minutes per shift because of fewer breaks and sick days. There are benefits there actually are: you don't have to commute, you're able to spend time with family. That's going to be a positive for the mental. Uh, there's I mean the data seems to prove that right. This is obviously just one study, however. Um, it's definitely interesting and you can see another one here that, uh, working remotely can increase productivity by up to 77. 70 of those who work remotely at least a few times per month show increased productivity with 30 doing more work in less time. Um, as such now, I Get it? I Think Elon Musk Ultimately is pulling the trigger on this because he doesn't even who works for him, right? If you don't have a face or a name attributed to why you're not making money, you know I can maybe understand why I want to make some pretty drastic changes and that's not to say that they couldn't go back, right? They could certainly say hey in the future when we're profitable or when we sort of have a good grasp on what's going to happen with Twitter A lot of you guys to start working from home again, but for the time being we need to figure out a solution to our core problem or nobody's gonna have a job and that's obviously not great for everybody. We want to have people working and this is good for the economy and blah blah blah. we can go down the line in terms of how this is a benefit and to be quite Frank You know, although Mark Zucker Lizard is quite the fascinating specimen. Uh, he does turn a profit and he believes in the idea of working from home being a productive thing and you can see here, working remotely has given him more space for long-term thinking and help them spend more time with family blah blah blah. He goes on to say how this is such a great thing and to be quite Frank he turns a profit I mean the company does well and he believes that his employees working from home is a betterment of the company. Now Maybe you don't think this is that important, right? The the nature of working from home. But what does matter is the profitability of the company and this is a step towards trying to take action to that. and another one is Twitter blue. It's this check mark that is floating around Twitter Right now I Think it's actually going to be, uh, more rare for people not to have a check mark than to have a check mark if you're to scroll through your Twitter.com feed right now. it's uh, lots of lots of verification badges. Welcome, Welcome the new gang! You know it's great that there's a guy with a check mark, you know I don't really care to be honest, but um, it is a new model and it's been very polarizing to say the least. And here's one coming from Secular Talk Kyle Kulinski who says so much for the Free Speech stick Elon seems determined to make Twitter worse and it's showing uh, what is presumably terms of service within the company. Users who pay for Twitter Blue platform subscription service will not be required to provide identifying information other than a credit card and a phone number. Musk confirmed Twitter will eventually default the displaying tweets from Twitter Blue subscribers while tweets from users who do not pay for a blue check mark you said would be relegated to a separate page on the site and effectively buried unless viewers sought out that material, right. And this is actually pretty interesting when you consider the fact that Twitter was free and is now moving to a subscription-based sort of premise. Uh, this is going to drastically change the nature of the website and I think many people recognize that and have fears over that, right? But ultimately, the company needs to turn a profit. This is something that Elon thinks will probably help do that as well as hopefully work on a bot problem, right? However, something important to note is uh, subscription-based models are drastically different than free based models and I just thought this is a funny meme. only fans being sort of one of them a subscription-based model. The grand takeaway is you're gonna have some leakage, some spillage so to speak. People are going to meander their way away from the website because they do not think it is fair necessarily to be Shadow Banned quote: Unquote for not paying eight dollars Now if I gotta pay eight dollars to use the the website. whatever I'll do it. You know if I if I get if I get Shadow banned the Thunder Realm So be it I'll pay what what's necessary. But there are negative side effects to using a paywall and some of the most successful paywall Industries have been those as the New York Times The Onion and the Seattle Times which guess what are very focalized mainstream media Outlets that are meant to delegate information that you have no say no opinion and no criticism towards. Now I think this is important. a paywall uh for Twitter is going to dramatically change the nature of Twitter and I think one of the most beautiful things about the website and the way that it works is the fact that the average everyday person can voice their opinions. And now I think that yeah, it's kind of a toxic, you know, whatever there's there's There's a good part of Twitter and a really shitty part of Twitter. But if you can navigate the waters right, there's a lot of good that can be done in there. Uh, towards journalism so to speak and and the ability for people to have a voice and to stand up for something that they believe in. And I think we've seen this time and time again. we've seen it within the stock market. We've seen it back in 2008 with um, uh, the Way That Wall Street was handled in 2008 and the the housing financial crisis. uh, you can see it with people who get help from doctors who maybe wouldn't have connected with these guys. Otherwise, there's there's lots of ways that uh Twitter offers solutions to people or or ideas to people or communities to people. and I think a paywall is going to change that. And like I just mentioned, if you look here, some of the most successful Industries have been those such as New York Times Union Seattle Times which I think are dying businesses to be quite Frank Um, you know it's it's very interesting to watch. like if you scroll through Twitter you're going to see lots of these blue check marks. You're gonna see lots of takes, lots of opinions I wanted to give mine and ultimately what I think is the most important is protecting Twitter because there are a lot of important things that have happened with Twitter And like here's an example: I just Googled 12 amazing things that happened because of a tweet Paul Smith started twitch hiking that got to travel the world for free. Uh this guy Patrick woke up one morning and discovered that his face was numb and drooping. He tweeted about this and got a diagnosis on Twitter that saved him from possible paralysis and even death and continue on. Occupy Wall Street Wouldn't have had the grit that it had if not for all the enthusiasm the hashtag generated on Twitter Twitter has done great things for the 99. It gives a voice, it gives power to those who maybe otherwise wouldn't have had power. and if the company goes bankrupt, you have nothing right and I think ultimately that's going to be a loss for it sounds kind of, you know, out there cliche, but Humanity you know? uh I know it's just an app I know it's just a website, but it's the ability to connect lots of people and to share information instantaneously is unmatched. There's there's no website quite like it and um, without. Twitter I Think the world will be a lot different place. So I'm gonna be watching this situation pretty closely. I Do not want to see Twitter go bankrupt. Um, there's a possibility that it happens, but hopefully it doesn't right? So I guess that's about it. um I found it interesting I thought that was a good story if you want to stick around I'd be sick. drop a like whatever catch you next one. Appreciate you much. Lovely taps and peace.