Twitter CEO fires two top executives, freezes hiring • Hacker News Board

Re: Twitter CEO fires two top executives, freezes hiring

#411

Post by LegitShady » Thu, May 12, 2022, 7:44 PM UTC

Spivak wrote: post #274

LegitShady wrote: post #249

Earlier quoted context omitted.

its the reason i completely ignore twitter now. its not a site to reach out to the publicc its a site to communicate to a small subset of logged in users.

I think as far as Twitter is concerned if you never bothered to create an account and your only use of Twitter was being linked to a tweet and then closing the tab you were already ignoring them.

I created an account. I followed some people. They told me it looked like I was a bot and needed to send them a scan of my ID. I laughed and just favorited the few people I wanted to follow. Now I can't even browse their stuff without getting the popups blocking it

So twitter is dead to me.

Re: Twitter CEO fires two top executives, freezes hiring

#412

Post by fshbbdssbbgdd » Thu, May 12, 2022, 7:44 PM UTC

dymk wrote: post #373

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 _dro…

Since the company knows the comp will drop at year four, they will give a large grant for the minority they really need to retain. For rank and file employees, those grants are relatively rare and many will stay anyway because they aren’t optimizing their comp. I think at the executive level, not getting such a grant is tantamount to being fired because executives don’t get overlooked.

Re: Twitter CEO fires two top executives, freezes hiring

#413

Post by d23 » Thu, May 12, 2022, 7:44 PM UTC

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…

> That only works because HN is, mostly, politics-free.

It's only politics-free because it's heavily moderated. There's nothing magical about the people here that make them apolitical. Political posts are often removed outright, and comments that are political have to be pretty fact-based (or at have the appearance thereof) to not be removed.

Re: Twitter CEO fires two top executives, freezes hiring

#414

Post by peppertree » Thu, May 12, 2022, 7:45 PM UTC

natly wrote: post #350

peppertree wrote: post #330

Earlier quoted context omitted.

Periscope was one the main reasons they killed Vine.

That makes no sense to me, they're completely different products. (Periscope is about livestreaming vine was short clips.)

Beykpour convinced the board live video was the future. Vine founder left so no one was around to defend Vine.

Re: Twitter CEO fires two top executives, freezes hiring

#415

Post by corrral » Thu, May 12, 2022, 7:45 PM UTC

jdavis703 wrote: post #402

corrral wrote: post #314

Earlier quoted context omitted.

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?"

Many states in the US have family leave (including paternity leave). California is more than 10% of the US population and the rules for paternity leave are extremely broad: - Welcomed a new child into the family in the past 12 months through birth. - Paid into State Disability Insurance (noted as "CASDI" on most paystubs) in the past 5 to 18 months. - Not taken the maximum eight weeks of PFL in the past 12 months Ins…

Nice, didn't know about that. Expanded-qualification FMLA-like unpaid leave and more limited provisions for paid leave, for some workers, is pretty good compared to most of the country.

Re: Twitter CEO fires two top executives, freezes hiring

#416

Post by throwaway_1928 » Thu, May 12, 2022, 7:46 PM UTC

dekhn wrote: post #233

TameAntelope wrote: post #129

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…

CEOs of large companies that are forced out during acquisitions often fail upward. It really depends on how they behave right before the close. Effectively, the CEO has to advocate for the company and get the most out of the acquisition, and if they do, they are often rewarded (with seats on board or choice of next job). realistically, he will be able to retire for life after this if he chooses, and will be able to s…

Job offer or not, $42 million for doing almost nothing is a great deal.

Re: Twitter CEO fires two top executives, freezes hiring

#417

Post by adventured » Thu, May 12, 2022, 7:46 PM UTC

trothamel wrote: post #354

shapefrog wrote: post #341

Earlier quoted context omitted.

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.

Tesla is up 995% over the past 5 years.

No post body was provided.

Re: Twitter CEO fires two top executives, freezes hiring

#418

Post by dang » Thu, May 12, 2022, 7:47 PM UTC

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…

Ok, we'll change to that first link (submitted URL was https://twitter.com/kayvz/status/1524787801757126656) - thanks!

Re: Twitter CEO fires two top executives, freezes hiring

#419

Post by Bubble_Pop_22 » Thu, May 12, 2022, 7:47 PM UTC

paganel wrote: post #325

SemanticStrengh wrote: post #308

Earlier quoted context omitted.

Where is the revolution? There are competitive cars vs tesla for electric. Even if tesla have an edge, it's evolutionary, not at all revolutionary.

> There are competitive cars vs tesla for electric It is my belief that those "competitive cars" wouldn't have happened if it hadn't been for Tesla.

MySpace, BlackBerry come to mind.

At least those were new markets.

At the end of the day you can't explain love and people love Elon Musk. Guys from all over the world are in a sort weird parasocial relationship with the guy. That never happened with the CEO of MySpace and BlackBerry

Re: Twitter CEO fires two top executives, freezes hiring

#420

Post by jkubicek » Thu, May 12, 2022, 7:50 PM UTC

KerrAvon wrote: post #371

paganel wrote: post #316

Earlier quoted context omitted.

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 experie…

I totally agree with this take.

I'm also surprised that there hasn't been more strident push-back against the "conservatives are being banned from Twitter" story from conservatives themselves. If I were right-leaning I would certainly not want to be associated with the q-anon advocates for violence that are being kicked off the platform.