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by ekianjo 1322 days ago
As if King cant pay 20 dollars.
3 comments

Everyone seems to either be assuming King somehow cares about paying $$ instead of making a political statement and/or Elon was making a serious earnest reply to King, instead of being his usual needling shitposter self. Neither of which both of their histories supports.

Stephen King will quit Twitter just as credibly as Jay-z “retired” from rapping.... like Elon Musk gives a shit about convincing a person worth $500M+ that $20 vs $8/m is too much to ask.

I'm sure there's politics involved in the fact that King is the first person we're seeing in this public argument with Musk, but the dynamic he's talking about is apolitical and pretty obvious. For true celebrities, of which King is obviously one, Twitter needs them more than they need Twitter. Twitter should pay them to use the platform. Nobody has ever bought a copy of Carrie because they saw the blue checkmark next to Stephen King's name.
Indeed I agree.

Musk hasn't addressed how he will compensate or at least incentive creators yet. Having a mainline stream of subscriptions certainly provides more avenues for such a thing.

So personally I think the compensation or promotional quid pro quo deals are a very different animal than checkmarks. Unless it means multiple tiers of checkmarks.

Stephen King does not live from tweeting.
As if that were ever the point.

It's like charging actors to act, or charging writers to write.

Without people like King, twitter has no chance of surviving long-term. It does nothing special. It was simply in the right place at the right time.

As if Elon needs 20 dollars.
He needs something, because he's tied tens of billions of dollars of his own money in an LBO that left him in control of a company with about a billion dollars a year of debt service cost.
That's a mere 10 million blue checkmarks he needs to sell.
According to The Guardian, there are about 400,000 verified users on Twitter, as of 2021. That equates to less than 1% of Twitter accounts.

Assuming a 100% conversion rate and that number is accurate, 3.2 million a month or $38 a million a year.

https://www.theguardian.com/technology/2022/oct/31/elon-musk...

Lol. Elon has made possibly the worst lbo deal in the last decade. He needs to juice this deal like crazy to not lose a ton of money.

Just the notoriety of convincing Steven king to pay for a blue checkmark is worth outsized dollars to him and nothing to King.

> As if Elon needs 20 dollars.

When you pay 40 billion for something you expect a return on investment

Stephen King would pay $8, Elon Musk would earn $8 x the number of users that paid.
Stephen King would not pay. He doesn't need Twitter. He can spend that time writing another book convert to a substack or something.
I don't need Twitter, since I rarely post on the social, I don't use it for work, and it kind of annoys me too, and if it disappeared I would forget about its existence in two weeks, like I forget about my favorite podcast three days after they started their 3-week summer vacation. I don't need to go to the gym, but I have been going for about 30 years. If they forced me to spend an extra $8 a month, maybe I would move to another gym where I pay less, but how ridiculous would my statement be, "I don't need the gym, bye"?

Stephen King doesn't need Twitter to publicize his work, and he doesn't even need to work, since he seems to be quite well off. But most celebrities -- "most" is vague, I know -- live to be the center of attention, to be heard, to be considered. And a few years ago the platform was Facebook, then Twitter, after Trump's election, became more and more the place to be if you want to participate in the "discourse." King needs Twitter now or another platform now or in the future because, apparently, he needs to be heard, to be part of the conversation, to have his old man criticisms heard. But now that platform is Twitter.

On a similar note I feel like Elon is the Ultimate Tweeter in the sense of validation (and amount of validation) he seems to get from posting. I've been wondering if it colored his perception of how the average person interacts with Twitter.
I was replying to the parent about who needs who more