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

Re: Twitter CEO fires two top executives, freezes hiring

#741

Post by lupire » Fri, May 13, 2022, 1:16 AM UTC

quickthrower2 wrote: post #593

DantesKite wrote: post #501

Earlier quoted context omitted.

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.

Wow, never heard of Vine (call me out of touch grumpy old man user persona!), but reading the wikipedia page, what is amazing it was aquired for less than one of today's early rounds - $30m. Maybe they were "too early"? Post pandemic things look a lot different.

Vine was massively popular. Everyone was shocked when it was shut down.

Re: Twitter CEO fires two top executives, freezes hiring

#742

Post by sudosysgen » Fri, May 13, 2022, 1:18 AM UTC

dotnet00 wrote: post #721

sudosysgen wrote: post #666

Earlier quoted context omitted.

Nissan and Renault took EVs seriously before Tesla came out with the Model S - Renault was working on the Zoe since before 2008.

Renault were working on the since before 2008 (2005 apparently), yet they only brought a product to market in 2012. The Tesla Roadster was developed around the same time, yet deliveries started in 2008. By the time Renault got around to actually making the Zoe available to customers, Tesla had been selling the Model S for 6 months. I don't think they were taking EVs particularly seriously if they took that much longe…

Sure, because the Tesla Roadster is half a car, and cost is no object. They literally took an existing car, and built an EV conversion kit, money be damned.

Making the first mass-market EV was going to take multiple years, no matter what. You need to engineer the entire car, at scale, and you need to hit a price-point. Tesla didn't have such an issue. I can't stress enough how much more difficult it is to make an affordable product than one where price is no object.

Re: Twitter CEO fires two top executives, freezes hiring

#743

Post by lupire » Fri, May 13, 2022, 1:19 AM UTC

nullc wrote: post #662

dave5104 wrote: post #647

Earlier quoted context omitted.

> * Bait and switch. Now replies to the original tweet will be out of context I used to think this could be a problem too... but Reddit has had an edit button as long as I can remember, and bait and switch doesn't really seem to be much of a problem. Perhaps it'd be more troublesome with the concept of retweets or quote tweets?

> I used to think this could be a problem too... but Reddit has had an edit button as long as I can remember, and bait and switch doesn't really seem to be much of a problem. Anyone who does it enough to be irritating (instead of funny) will just find themselves banned by subreddit mods or otherwise they're doing it in a subreddit where it doesn't matter and no one will care. The same community controls don't exist i…

Twitter userbase is far, far dumber than Wikipedia's

Re: Twitter CEO fires two top executives, freezes hiring

#744

Post by p1esk » Fri, May 13, 2022, 1:23 AM UTC

patrickdavey wrote: post #679

FridgeSeal wrote: post #656

Earlier quoted context omitted.

Hell, even if you managed a year or two, you’re still walking away with tens of millions that’s pretty close to financial security for the rest of your life.

Tens of millions is only "pretty close to financial security". Wow.

Most people spend proportionally to what they earn, so I don't see why one year salary should necessarily provide the lifetime of financial security, regardless of what that salary is.

Re: Twitter CEO fires two top executives, freezes hiring

#745

Post by dymk » Fri, May 13, 2022, 1:27 AM UTC

hitpointdrew wrote: post #513

dymk wrote: post #373

Earlier quoted context omitted.

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…

How the hell do you know the vesting period? I get RSU’s at my publicly traded company that vest yearly, in May. This could absolutely been done in order to prevent RSU vesting.

here ya go - https://www.levels.fyi/company/Twitter/salaries/

> At Twitter, RSUs are subject to a 4-year vesting schedule: 25% vests in the 1st year (8.33% every 4 months), then 25% in each of the 2nd, 3rd and 4th years (6.25% every 3 months). Every year employees get a new grant that vests over 4 years to bring them up to their target compensation.

it's Twitter, hundreds if not thousands of their employees post detailed compensation information.

Re: Twitter CEO fires two top executives, freezes hiring

#746

Post by geodel » Fri, May 13, 2022, 1:28 AM UTC

andyjohnson0 wrote: post #61

skybrian wrote: post #9

Earlier quoted context omitted.

My guess: the new boss gets started on a more positive note if they don't have to fire people because the old boss did it for him? Or at least, that would be a good explanation if we weren't talking about Musk.

What's in it for Parag to play bad cop for Musk? Enhanced pay-off?

That he can take tough/unpopular calls and do what is asked or need be done. Just like being popular among techies is good thing in some circles. Being unpopular can be good in other places.

Re: Twitter CEO fires two top executives, freezes hiring

#747

Post by sokoloff » Fri, May 13, 2022, 1:30 AM UTC

outworlder wrote: post #429

zamfi wrote: post #356

Earlier quoted context omitted.

Tesla produced the first ICE-equivalent EV sedan that was not merely a "compliance vehicle" in decades. Then, it turned out, people bought them by the hundreds of thousands, single-handedly recreating the market for EVs. Then, other manufacturers noticed, and started realizing they might be left behind if they didn't take EVs seriously. Now, sure, there are many competitors, but even still they have only been built i…

The real ace was releasing an EV sports car , the Tesla Roadster. That's what caught people's attention. They were able to see how EV drivetrains were actually better than their ICE counterparts and that electric motors can do much more than drive golf carts – despite having powered everything from submarines to locomotives, people still thought they were weak. Otherwise, Nissan would have been Tesla. They have produ…

I daily drive a Nissan LEAF. Any Tesla model is vastly more practical as an only car.

I love my LEAF, but a little over a dozen times per year, I have to trade cars with my spouse to accomplish some particular day's driving.

Re: Twitter CEO fires two top executives, freezes hiring

#748

Post by saxonww » Fri, May 13, 2022, 1:31 AM UTC

toolz wrote: post #686

krapp wrote: post #670

Earlier quoted context omitted.

>It really doesn't matter what you or I think of the president, he was a democratically elected leader of arguably, the most influential nation in the world. The United States is not a monarchy, theocracy or autocracy. The President of the United States is a citizen like any other, with rights equal to any other. Being "a democratically elected leader of arguably, the most influential nation in the world" does not en…

This is just silly, do you know which tweets twitter cited as reason for Trumps ban? > “The 75,000,000 great American Patriots who voted for me, AMERICA FIRST, and MAKE AMERICA GREAT AGAIN, will have a GIANT VOICE long into the future. They will not be disrespected or treated unfairly in any way, shape or form!!!” and > “To all of those who have asked, I will not be going to the Inauguration on January 20th.” https:/…

The big difference being that Trump's two tweets came 2 days after an actual large scale violent event at the Capitol, where it was essentially invaded and trashed by a large mob almost certainly comprised of the same people Trump was speaking to via his tweets. Trump also was arguably the most powerful person in the entire world, at the time.

The LGBTQ tweet is from the Mayor of Chicago. An important person to be sure, but at ~150k followers, does not have nearly the reach as Trump did (~88M followers at the time). And I don't really know what to tell you about the tweet content; I can read that and realize she's not actually advocating for armed violence, and more importantly, I don't believe the people she's speaking to would interpret her tweet that way.

I know for a fact the people Trump was speaking to have interpreted things that way, because a lot of them showed up and trashed the Capitol on January 6th.

Re: Twitter CEO fires two top executives, freezes hiring

#749

Post by sokoloff » Fri, May 13, 2022, 1:33 AM UTC

throwawayboise wrote: post #657

r00fus wrote: post #617

Earlier quoted context omitted.

I'm no Musk fan, but let's be honest, Tesla released the Roadster in 2008. An expensive luxury product, no doubt, but years ahead of the Leaf or Zoe.

And the Leaf looks like the typical electric cross between a clown car and a golf cart. The Roadster was based on a Lotus Elise. It looked great.

If you took the badges off, I think most people would have a hard time telling the LEAF (EV) and a Versa (ICE) apart. The LEAF is no 911 or Jaguar E-type, but it's not a "hey, look at me; I'm electric!" clown car either.

Re: Twitter CEO fires two top executives, freezes hiring

#750

Post by geodel » Fri, May 13, 2022, 1:34 AM UTC

hnews_account_1 wrote: post #678

throwaway_1928 wrote: post #416

Earlier quoted context omitted.

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

$42 million is a pittance for a man at his level. VCs with a tenth of the risk have taken home more money than that over the years from several deals. He has also been at the company for a very long time. I’d be enraged at a $42 million exit when I’m a child prodigy who has worked his ass off to finally helm one of the most publicly visibly corporations on the planet.

Huh, it's just a job even at position of CEO. To think he has taken risk while doing his well paid job is freaking hilarious. He did not build the company,nor is he some A level tech celebrity. So 42 million is BIG FUCKING DEAL.