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Twitter CEO fires two top executives, freezes hiring

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Re: Twitter CEO fires two top executives, freezes hiring

#371

Post by KerrAvon »

paganel wrote: post #316
ilamont wrote: post #262

Earlier quoted context omitted.

> 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 be…

That only works because HN is, mostly, politics-free. I'm not a regular Twitter user but afaik that platform is pretty heavy on politics, more than that, it's pretty heavy when it comes to a certain political spectrum, the other side has been mostly de-platformed by now. I don't consider that as a healthy platform to comment on for the general public (even though, I agree, it might be ok for people who happen to shar…

> has been mostly de-platformed by now

Completely inaccurate. No one side has been deplatformed in aggregate. A few individuals have been suspended permanently for violating TOS. They should have been removed earlier, but were considered special cases due to their prominence. It amounts to Twitter removing its own inhibition on enforcing its TOS for certain prominent users.

If you want a hard-right-wing heavy experience, you can certainly get that on Twitter today (and two months ago) by following the hard right wingers. Most of them never left. The subscriber count jumps you heard about when the emerald scion announced his Twitter purchase? Very small percentages.

Re: Twitter CEO fires two top executives, freezes hiring

#372

Post by newsclues »

peppertree wrote: post #330
kadenwolff wrote: post #40

Interesting that he co-founded Periscope and they also just removed any mention of Periscope from their TOS. Maybe just an artifact of them considering removing him, or it has no meaning. Just found the timing notable.

Periscope was one the main reasons they killed Vine.

Funny that Vine was essentially TikTok and they killed it.

Re: Twitter CEO fires two top executives, freezes hiring

#373

Post by dymk »

jmyeet wrote: post #258

The two execs fired were: - Kayvon Beykpour, Head of Consumer Product (3 years, 11 months) [1]; and - Bruce Falck, Revenue Product Lead (5 years at Twitter, 3 years and 11 months in this position) [2] Kinda weird that both people were just shy of serving 4 years in their current roles. When I see moves like this my immediate thought is always, it's to save or make money. For example, there could be an options pool in…

The vesting / payout theory makes no sense, firstly Twitter vesting at that point would be quarterly, so the company would be saving at most 1/16th of what those employees had already vested from their initial grant.

Secondly, it's the employees who would have the incentive to leave, not the company to fire them. Assuming a typical 4 year vesting period, it's right at this year when their compensation would have _dropped precipitously_.

Thirdly, the second individual had been at Twitter for more than 4 years, and unless they left and came back (doesn't look like they did), they'd still be vesting their original equity grant. The amount of time they've been at the company isn't even common between the two, so I don't see why you'd use it to establish a theory.

Re: Twitter CEO fires two top executives, freezes hiring

#374

Post by astrange »

johnboiles wrote: post #217

This is mind boggling to me. Kayvon is one of the best product leaders / visionaries I know. It was confusing to me in Dec that he wasn't Jack's successor. Kayvon was a huge driving force behind all the interesting product efforts of the last few years: Spaces, Fleets, topics, etc. Twitter went from not iterating on product (remember when Twitter's only change in several years was to change the star to a heart?) to s…

Spaces is a good feature. Topics is the worst thing I've been subjected to in my life. I have a second account in Japanese and Topics constantly adds posts about trashy American pop stars I barely know to the feed.

Re: Twitter CEO fires two top executives, freezes hiring

#375

Post by shrimpx »

ckastner wrote: post #72
paxys wrote: post #42

Earlier quoted context omitted.

That's my point though. The board accepted the buyout offer. "Hands on the wheel" means keeping the lights on and making sure everything stays stable until the deal closes. Firing the company's product and revenue leads is the opposite of that.

You're assuming that the deal will definitely close. The deal can still fall apart for a number of reasons. The risk of this happening is far from remote. This is evident from the current stock price of about $46, which is significantly lower than the $54.20 Musk is offering.

And the only reason it’s $46 and not lower is that people are staying in the stock waiting for the Musk 15-20% payout. When it becomes clear that Musk isn’t buying Twitter, Twitter stock will implode instantly.

Re: Twitter CEO fires two top executives, freezes hiring

#377

Post by lesstenseflow »

gibolt wrote: post #332
lesstenseflow wrote: post #295

Earlier quoted context omitted.

My point is there's never a "good time" to get fired from a job you don't want to leave. GP doesn't like that this guy was fired on parental leave. OK so fire him on his first day back? There's never a time that won't "suck."

Paternity leave is likely worse, due to losing insurance coverage and other benefits that are useful and otherwise costly for a newborn. Yes, there is COBRA and he is probably doing just fine financially, but significant unplanned changes in income/costs are never fun

https://www.benzinga.com/sec/insider-trades/twtr/kayvon-beyk...

I assure you, my guy isn't worried about COBRA.

Re: Twitter CEO fires two top executives, freezes hiring

#378

Post by Vaslo »

All- some of you are clinging onto the paternity leave. I can't quote whether this is true, but at both Fortune 250 companies I worked for, you were paid out for your entire leave even if you weren't coming back after. So I would bet money he is still being paid for the whole leave, but if someone sees something else, please correct me. There is incentive to pay it out since one annoying side effect can be a person gone for 3 to 4 months suddenly calls 2 days before leave is over and says "I think I am resigning." It's better to pay the full leave and have them tell you that from the start so you don't waste 3 months.
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