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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

#381

Post by toyg »

shapefrog wrote: post #341
JumpCrisscross wrote: post #250

Earlier quoted context omitted.

> Elon is margin called by year end is roughly 40% according to option prices The margin loans will almost certainly be replaced with outside equity prior to closing.

I am wondering what is in it for those people lining up - they are paying 20% over the market value to be locked in with musk.

For the same sort of consideration for which one would buy a newspaper in the third millennium: there is something to gain from directing a powerful megaphone, even if it doesn't make money directly.

Re: Twitter CEO fires two top executives, freezes hiring

#382

Post by MisterBastahrd »

chris11 wrote: post #305
SamBam wrote: post #266

Earlier quoted context omitted.

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.

> a person richer than anyone has ever been in the history of the planet Tesla's P/E ratio is currently 106. I have no idea why Tesla is so expensive.

Tesla is currently valued at over 20x Ford even though Ford did 13x Tesla's revenue last year. That stock should have dropped through the floor a long time ago.

Re: Twitter CEO fires two top executives, freezes hiring

#383

Post by jaywalk »

hn_throwaway_99 wrote: post #172
rcoder wrote: post #126

Earlier quoted context omitted.

I strongly disagree. Firing someone while they’re on leave sends a direct signal to anyone else considering taking leave: “watch out, you won’t be able to defend yourself if you aren’t here.” ICs follow the lead that executives set. A chilling effect like this will cause folks who most _need_ the leave — single parents, people with family in need of care, or those struggling with their own health issues — to second-g…

Totally disagree, primarily because Twitter offers nearly 5 months of paternity leave. I don't know when the Twitter's Head of Product originally left for paternity leave, but if it was a couple months ago, obviously the world has changed under Twitter's feet in that time. A business can't just stop because someone is on leave. I would expect them to be treated fairly, and the same as if they were not on leave when i…

From looking at his tweets, he left just over a month ago. So if he had four months left in his leave, it would have been absolutely unreasonable to wait that long.

Re: Twitter CEO fires two top executives, freezes hiring

#384

Post by ellyagg »

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…

I had the same reaction as the siblings, so I'm almost wondering if this is satire.

Re: Twitter CEO fires two top executives, freezes hiring

#385

Post by astrange »

jmeister wrote: post #221
robonerd wrote: post #181

Earlier quoted context omitted.

Being so proud you lose your sanity? That's quite odd. It's an insane amount of hyperbole.

Didn’t Steve Jobs make that usage of ‘insane’ popular in SV?

I thought it came from surfers/skateboarders.

Re: Twitter CEO fires two top executives, freezes hiring

#386

Post by [deleted] »

corrral wrote: post #314
lesstenseflow wrote: post #267

Earlier quoted context omitted.

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 mo…

Seriously. HN: "Firing a millionaire on paternity leave—and by "firing" I mean continuing to pay for the rest of their leave, plus probably a bunch of severance—is horrible!" 99% of the rest of the US: "WTF is paternity leave? Is that when your boss generously lets you use some of your annual leave for part of the week in which your kid is born?"

[deleted]

Re: Twitter CEO fires two top executives, freezes hiring

#387

Post by KerrAvon »

shrimpx wrote: post #361
kyledrake wrote: post #189

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…

Does this deal have a serious chance of going through? My estimate, based on the direction of Tesla stock, is this deal will not go through.

Seems unclear whether Musk actually wants it to go through, doesn't it?

The presidency didn't fix Trump's relationship with his deceased father, and whatever ails Musk won't be fixed by purchasing Twitter and having to deal with all of the attendant headaches.

And it will distract him from Tesla and SpaceX. SpaceX can probably get along without him; Tesla clearly cannot.

Re: Twitter CEO fires two top executives, freezes hiring

#388

Post by jaywalk »

dghlsakjg wrote: post #355
hn_throwaway_99 wrote: post #172

Earlier quoted context omitted.

Totally disagree, primarily because Twitter offers nearly 5 months of paternity leave. I don't know when the Twitter's Head of Product originally left for paternity leave, but if it was a couple months ago, obviously the world has changed under Twitter's feet in that time. A business can't just stop because someone is on leave. I would expect them to be treated fairly, and the same as if they were not on leave when i…

The ENTIRE point of parental leave benefit is to ensure that your employment status doesn’t change while you are using it. The business doesn’t have to stop in it’s tracks, but the legal expectation is generally that you will come back to the same job you left. This sends a horrifying message to employees.

> The ENTIRE point of parental leave benefit is to ensure that your employment status doesn’t change while you are using it.

That's strange, I always thought that the point of it was to allow parents to spend much needed time with their newborn child.

Re: Twitter CEO fires two top executives, freezes hiring

#390

Post by thieving_magpie »

robonerd wrote: post #241
babypuncher wrote: post #207

Earlier quoted context omitted.

Seems like a pretty typical use of the word "insane" in the US.

Yes, I agree. That's probably why hintymad shared the context of not being raised in the US.

The cultural difference doesn't seem like something to "cringe" over. I also don't think the hyperbolic use is restricted to the US. Pretty much any english speaking country will use "insane" to describe something with emphasis. Certainly normal in the UK and Australia.
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