Probably a good thing - Twitters product sucks. I feel bad for Kayvon Beykpour since he said he was on paternity leave but I guess that is what happens when you fly high.
Twitter CEO fires two top executives, freezes hiring
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Re: Twitter CEO fires two top executives, freezes hiring
#622I'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 be…
The difference between Twitter and Reddit, hacker news, or 4chan, is that on Twitter you ostensibly only see content from people you follow. If you don’t like the content someone is putting out, you just unfollow them. Twitter is more like email than Reddit in that sense, and no one is arguing for email to be moderated.
Re: Twitter CEO fires two top executives, freezes hiring
#623Earlier quoted context omitted.
I do have to agree that Twitter is either (1) basically perfected or (2) coasting. I also might suggest that the buyout offer has prompted some very hard thinking internally and strategic changes.
I would say twitter threads need robust support and the edit button is sorely missed. But yes in a way the paralysis that Twitter is in is interesting in a world where everything is being changed always all the time in agile cycles. Twitter feels like it just exists and this is the way it works.
If they introduce an edit feature people will abuse it in the following ways:
* Bait and switch. Now replies to the original tweet will be out of context
* Everyone will edit their tweet and put EDIT: at the end. This is what happens on Reddit.
Re: Twitter CEO fires two top executives, freezes hiring
#624Just 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…
>like bots and the extremely hostile mob mentality
There isn't a solution for these two.
Re: Twitter CEO fires two top executives, freezes hiring
#625So there's two options right - the first is that Parag is for some reason making big strategic decisions about the direction of the company despite the fact that we all know he'll be gone if the deal closes. Or he's making big strategic changes at the behest of the acquirers before the deal closes. Neither of these things seem particularly kosher moves to make. The question is how to figure out which one it is. It wo…
What about the possibility guy was going to be asked to leave regardless of recent events, but the executive team decided the least they could do after he put in good time is allow him to collect some PTO on parental leave before handing him the official pink slip? I don't know what Twitter's benefits are but I imagine they have an, "unlimited leave" policy. Could be they've disagreed for a while and an argument came…
Is it plausable that people at that level would need PTO? They've got 10s of millions in the bank.
Re: Twitter CEO fires two top executives, freezes hiring
#626Earlier quoted context omitted.
Honest question. Would a CEO be that desperate to keep his job? I imagine Parag can walk away with plenty after the buyout and do something else that he likes.
CEO jobs aren't plenty like standard SWE jobs. CEOs typically don't apply for jobs, they can't walk into a company's Career page an apply as a CEO; they are headhunted by specialized headhunter. Yes, CEO is desperate to keep their job because if they were to let go, they won't score a much higher profile job than their current; they'd be gone to a lower rank companies bidding their luck.
I'd love to read a blog post about CEO movements. One thing they could do is raise money and start a company themselves.
Re: Twitter CEO fires two top executives, freezes hiring
#627This 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…
All of those product efforts are failures so far. Literally nobody outside hardcore twitter users knows what any of them are.
Re: Twitter CEO fires two top executives, freezes hiring
#628Earlier quoted context omitted.
Quoted post unavailable.
> 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, Blackber…
Smartphone upgrade cycles are annual/biennial. Car upgrade cycles average 7-10 years.
Not that I expect Tesla to dominate like apple and android have, but I do think we’ll need to wait a few more years before we know the answer.
Re: Twitter CEO fires two top executives, freezes hiring
#629Earlier quoted context omitted.
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.
yeah, people are still reconnecting with vine creators, on TikTok. You can see in the comments, a video came up on the user's feed and they were compelled enough to be like "are you so and so from vine!?" Vine was killed half a decade ago.
Re: Twitter CEO fires two top executives, freezes hiring
#630So there's two options right - the first is that Parag is for some reason making big strategic decisions about the direction of the company despite the fact that we all know he'll be gone if the deal closes. Or he's making big strategic changes at the behest of the acquirers before the deal closes. Neither of these things seem particularly kosher moves to make. The question is how to figure out which one it is. It wo…
A third possibility is the stock market tanking and inflation rate spiking. Many top companies are either freezing hiring or downsizing.
However, it does look better on the balance sheet when you get rid of two of your major cash burning expenses and their future vesting schedules.
CAP rate = net operating income / value of the asset
Basically you can immediately increase the value of your company by lowering expenses without having to justify a lower CAP.