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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

#571
post #423

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The question is not whether he's been successful. He has been, the question is whether this is the peak valuation akin to Cisco during dotcom and whether he is over leveraged at this point.

People have kept asking this question for the past 12 years. Meanwhile my TSLA shares bought in 2013 have been doing just fine.

Re: Twitter CEO fires two top executives, freezes hiring

#572
post #455

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It's all about the car company. This company only sell cars for a rich elite but the market bubble over it is the most remarkable of modern times.

I'm not sure if the target market will be even the elite, but upper middle class. Which happens to have gotten rich working in semi-associated markets.

Yeah, I know a lot of "upper middle class" folks in the US who have bought Teslas.

To be slightly more quantitative, we're talking about folks who make roughly $100K and up, particularly the ones who and don't have kids.

So, roughly the top 15% of earners in America.

Re: Twitter CEO fires two top executives, freezes hiring

#573

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You're 100% correct. They shut down Vine. TikTok is now a billion dollar industry. As far as I'm concerned, every product manager involved in that decision shouldn't be involved with Twitter anymore, because they display an astonishingly level of incompetence.

I will never understand this. I thought vine was going to be the next big thing right until the day they decided to shut it down.

The fact that vine as a name and at least some vines are still at least somewhat prevalent online, makes me think that vine literally was "already" the next big thing and twitter just completely misread the room.

Re: Twitter CEO fires two top executives, freezes hiring

#574
post #327

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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…

I worked at a big company that was being acquired. The bigger acquiring company needed our company to sell off some divisions to avoid regulatory issues. So we were in this "going to be acquired.. one day" phase for like 18 months. In the meantime our company actually had to tell the a subsidiary of bigger acquiring company.... to sort of shove off on a partnership we had with them. This subsidiary was crap and they…

so what happened?

Re: Twitter CEO fires two top executives, freezes hiring

#575
post #480

Just a spring cleaning that is about a decade late. Twitter under-performs in every aspect imaginable: financially, product quality, product innovation. Nothing ever gets released and whilst this pace has improved in recent years, those "innovations" don't really deliver. They're barely used, copycats from other apps, and so on. Meanwhile, age-old problems are never addressed, like bots and the extremely hostile mob…

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Re: Twitter CEO fires two top executives, freezes hiring

#576

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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…

> but afaik that platform is pretty heavy on politics Twitter is what you want it to be, topic-wise, based on who you follow and what they like to talk about. Further tuning is possible using blocks and muted keywords. However, there is bleed because people you follow and Twitter's recommendation features can't help themselves (and not just about politics; anything "newsy" pops up). What happens when Elon's "anything…

> Twitter is what you want it to be, topic-wise, based on who you follow and what they like to talk about.

I've tried this. It's false. It's a myth that Twitter users tell themselves, AFAICT.

Even disregarding the trending topics and explore interfaces, all it takes is for one of the curated members that you follow to retweet something you're not interested in seeing.

> What happens when Elon's "anything under U.S. law" approach kicks in is toxic behavior and arguments will get so extreme that it will drive millions of people away, and those who are left will see the quality of their feeds decline. Then many of them will bail, too.

But that's contradictory to your claim that Twitter is what you want it to be, based on who you follow, isn't it?

Because Twitter _isn't_ what you claim it is. Twitter is optimized for outrage-oriented engagement. It _wants_ to show you things that will encourage you to engage, to return, and there's nothing quite as engaging as content that upsets you.

Re: Twitter CEO fires two top executives, freezes hiring

#577
post #170

Not sure what he is proud of? Twitter did NOTHING for a decade. That’s why they’re being acquired. Zuckerberg was right about his “clown car” comment.

Examples like Digg and MySpace should sufficiently show that iterating on a perfectly fine product is not necessarily a good idea. In fact, being able to stay cool and not steer into a ditch is definitely a rare skill.

Re: Twitter CEO fires two top executives, freezes hiring

#578

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Tesla is up 995% over the past 5 years.

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> Tesla has plainly kicked the ass of the European and Asian auto giants

Tesla had 1.4% of all cars sold in 2021, by number of units. Going by revenue it's somewhere around 1%. It is kinda hard to see that as kicking the asses of the competition.

Kicking ass would be more like what happened with smartphones, where iOS + Android went from 0 to >90% market share in the space of five years, leaving Nokia, Palm, Blackberry etc. as brands nobody would assoviate themselves with. Nothing like that is happening in automotive.

Re: Twitter CEO fires two top executives, freezes hiring

#579
post #547

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I'm really confused how you're confused. What is a better way to become the richest person than by owning and growing a series of hugely successful companies that provide products and services to people?

To my knowledge, none of these companies were run at a profit during Musk's involvement. While this is a normal part of growing a business, it leads to a bias on what people think could happen - rather than what does happen. How much money did musk really make? how much of it is an artifact of monetary policy.

I think that's the big difference that causes confusion here: Musk is wealthy, not rich. The companies are worth a lot, but generally not producing dollar bills for him. His ownership in companies worth a lot is why he's valued so high, rather than strictly how much money or cash leverage he has.

Re: Twitter CEO fires two top executives, freezes hiring

#580

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You're 100% correct. They shut down Vine. TikTok is now a billion dollar industry. As far as I'm concerned, every product manager involved in that decision shouldn't be involved with Twitter anymore, because they display an astonishingly level of incompetence.

I will never understand this. I thought vine was going to be the next big thing right until the day they decided to shut it down.

"Twitter supports videos now, therefore Vine is redundant! Shut it down and 100% of Vine users will post their videos on Twitter!"

—Twitter PMs, probably

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