Live data from Hacker News

Twitter CEO fires two top executives, freezes hiring

theverge.com

261–270 of 1000 posts

Re: Twitter CEO fires two top executives, freezes hiring

#261

Growing up outside of the US, I feel kinda cringed when he said he was "INSANELY proud of our collective teams achieved". Such an interesting cultural difference.

It's boring executive marketing speak, and it's prevalent worldwide, not just in the US.

Re: Twitter CEO fires two top executives, freezes hiring

#262

I've been using Twitter since it's main novelty was that it was a successful Ruby on Rails app, and honestly I've been trying to figure out where the exit is for my personal use of Twitter lately. If the acquisition goes through, Twitter won't make enough money to service it's debt, and the things they will do to fix that are pretty much guaranteed to lower the quality of the platform, which frankly has never worked…

> I also think the proposal to have Twitter allow all content that is "legal under US law" is a dangerous idea for the platform being a healthy community that most people actually want to participate in.

This is key. If @dang suddenly threw up his hands and said "anything goes on HN within U.S. law" this wonderful virtual discussion forum would die and most of us would sign off forever. I say that as someone whose been here for ~15 years.

I've used Twitter for the same amount of time. Despite Twitter's many faults and loopholes, the things that keep me going back day after day is there is enough good discussion, news tidbits, and photos (for me, mostly local nostalgia, birds, and retro computing) that it's a worthwhile place for me to hang out. I won't stick around if it gets too negative and my people start to leave, as they surely will under such a policy.

Re: Twitter CEO fires two top executives, freezes hiring

#263
post #112

Is he the one who gave final approval of the anonymous login-wall, which pops up after 2 screens of scrolling in Twitter? If so, good riddance, as that is an incredibly hostile user pattern. BTW, maybe it's purely coincidence, but after refreshing my browser cache it seems to have gone away today.

Nothing could be worse than the crap reddit has been doing for the last year or so to force users (or from their perspective, useds, as rms likes to say) to download its app or login. First they outright blocked viewing posts unless logged in, then they disabled that, and now brought it back so that random posts are blocked from viewing with a message "This hasn't been reviewed" whatever that means. Someone at reddit…

> Nothing could be worse than the crap reddit has been doing for the last year or so to force users (or from their perspective, useds, as rms likes to say) to download its app or login.

They’re doing pretty good… at driving away users. I rarely ever look at Reddit now, particularly compared to a couple years before the change.

Re: Twitter CEO fires two top executives, freezes hiring

#264
post #85

Earlier quoted context omitted.

Firing while on paternity leave isn't really that bad as long as they give you severance to cover paternity leave plus some extra - which I'm guessing they did since severance packages for higher ups tend to be pretty good. (As compared to no severance or two weeks that many ICs get)

This my feeling as well. Maybe I’m thinking too logically about all this: A) spend paternity leave enjoying your newborn, but in the second half gearing up and remotivating to go back to work, getting back to work and being let go with a “we didn’t want to dismiss you while you were gone, thanks for coming back, here’s the door” vs B) you’re on paternity leave and the company lets you go, but still your leave is fulf…

I feel like you're missing the part of scenario B where you have to take time away from your newborn to find a new job.

Re: Twitter CEO fires two top executives, freezes hiring

#265
post #112

Is he the one who gave final approval of the anonymous login-wall, which pops up after 2 screens of scrolling in Twitter? If so, good riddance, as that is an incredibly hostile user pattern. BTW, maybe it's purely coincidence, but after refreshing my browser cache it seems to have gone away today.

[deleted]

Re: Twitter CEO fires two top executives, freezes hiring

#266
post #235

Earlier quoted context omitted.

The crypto crisis should significantly diminish musk wealth no?

No, why would you think that? His wealth is mostly owning 20% of Tesla, plus some extra few billions from owning significant fractions of SpaceX, The Boring Company, and Neuralink. Presumably there’s some cash in there as well, but on his scale a hundred million is a rounding error.

It still confuses me that being part-owner of an old dot-com payment company, part-owner of a mid-sized car company (by number of cars sold), and part-owner of a (very good) rocket company make a person richer than anyone has ever been in the history of the planet, but that's probably because I just haven't looked into it enough.

Re: Twitter CEO fires two top executives, freezes hiring

#267

> I’m just now learning that Parag fired Kayvon while he was on paternity leave, which is truly awful. > Parag is on his way out too. Why is he firing his product leaders during his lame-duck period? https://twitter.com/CaseyNewton/status/1524790595968901122

Why would firing someone who's on paternity leave be an issue at all? We're talking multi-millionaires who will get multi-million dollar severance.

It's pretty hilarious to see the pearl clutching of techno-bourgeoisie over something like this, pretending other tech-lords are getting mistreated over some supposed breach of decorum. The mere fact that he gets to take parental leave puts him head and shoulders above most workers in the country.

Parental leave, high salary, severance... where do I sign up for some of this "truly awful" treatment?

Re: Twitter CEO fires two top executives, freezes hiring

#268
post #139

Earlier quoted context omitted.

These mergers never are almost never at parity months before closing. This one isn't even so far a spread, 15% rebate on proposed takeout price. Activision, with an offer from Microsoft for which even Buffett is partaking in the arbitrage, sits at 20%. Even back at the announcement in January, before this market turmoil which can threaten these deals, it traded at a like 14% discount. With that in mind, special situa…

And that's because a lot of such mergers/buyouts fail. That's why the price is never on parity. Putting everything on hold until the merger closes is a severe dereliction of duty.

Indeed, there's no such thing as free money. You get payed (or burned) when trading on these mergers for bearing the risk of the deal failing or renegotiating.

Re: Twitter CEO fires two top executives, freezes hiring

#269

Earlier quoted context omitted.

You're discounting the very real possibility that Parag is operating as if the deal will not go through, and is making large strategic decisions in anticipation of that being the case. For Parag, I don't see it "burning his reputation" at all, considering either a) he's right and will face the tall task of helming a Twitter that continues to disappoint its investors or b) he's wrong and it won't be his problem when E…

But what's changed? If Parag wanted to go this direction why didn't he do it when he took over as CEO?

It’s been like 5 months. I’d imagine he’s still learning about the issues.

Re: Twitter CEO fires two top executives, freezes hiring

#270
post #88

Earlier quoted context omitted.

He is going to get a severance package larger that most of us will make in our lifetimes. There's no reason to weep for him.

"Fired while on paternity leave" hurts a hell of a lot less when you're a mega millionaire who will be able to walk into a leadership position anywhere he likes, but it still sucks.

When does getting fired not suck?
Post reply on HN