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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

#761

Post by jrvarela56 »

geodel wrote: post #750
hnews_account_1 wrote: post #678

Earlier quoted context omitted.

$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.

Yeah I was like, wtf is GP talking about this guy is an employee who climbed from SEng to 42m exit in a decade. At no point was he even remotely close to missing a credit card payment; what a sweet deal he's set for life now.

Re: Twitter CEO fires two top executives, freezes hiring

#762

Post by SyzygistSix »

outworlder wrote: post #436
chris11 wrote: post #305

Earlier quoted context omitted.

> 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.

Only makes sense if Tesla becomes something else other than a car manufacturer (robots, robotaxis, etc). If it's just about EVs they should soon be priced below Ford. Even self-driving is insufficient as long as a driver needs to pay attention. Other companies are catching up - who cares if they need more hardware and can't do just vision, it's becoming cheaper.

Like a power company with a nation-wide charging network?

Re: Twitter CEO fires two top executives, freezes hiring

#763

Post by ummonk »

semi-extrinsic wrote: post #578
adventured wrote: post #417

Earlier 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…

1.4% is massive for a car manufacturer built from scratch in just over a decade. You can’t really scale car manufacturing the way an existing computer megacorp could scale phone production.

Re: Twitter CEO fires two top executives, freezes hiring

#764

Post by 2muchcoffeeman »

p1esk wrote: post #744
patrickdavey wrote: post #679

Earlier quoted context omitted.

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.

That’s a trap though. It’s far more sensible for most people to live well below their means and create options for their future.

Re: Twitter CEO fires two top executives, freezes hiring

#765

Post by ummonk »

KptMarchewa wrote: post #667
rsuelzer wrote: post #645

Earlier quoted context omitted.

Well I bought TWTR at it's peak... I'm voting my shares against a buyout (won't matter), mostly because it locks in a loss that I feel would have been recoverable in the next 5 years...

Have you considered opportunity cost of not using this money for other investments?

Right it seems unlikely to believe that Twitter is undervalued but that nothing else is equally undervalued to invest in after getting a small profit off of the Twitter investment.

Re: Twitter CEO fires two top executives, freezes hiring

#766

Post by strken »

broodbucket wrote: post #760
hnews_account_1 wrote: post #678

Earlier quoted context omitted.

$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.

No human being needs $42 million for anything, let alone more. I'm sure he'll be fine.

You need more than that if you want to set up a steelworks or a silicon fab. I understand that you probably mean no human being needs $42 million in pocket money to spend on gigantic houses and medium-sized yachts, but c'mon.

Re: Twitter CEO fires two top executives, freezes hiring

#767

Post by XorNot »

slibhb wrote: post #674
saxonww wrote: post #663

Earlier quoted context omitted.

> he was a democratically elected leader of arguably, the most influential nation in the world This aspect of the discussion around Twitter constantly baffles me. They have no obligation to offer service to anyone, and they have no obligation to ensure freedom of speech, balanced representation, or any other thing you can think of that would ensure everyone gets a voice. General, universal freedom of speech in the US…

Is the first amendment a good thing? If so, why? Does the reason you come up with magically not apply to twitter? Of course it applies. Twitter is not legally obligated to allow free speech but there are other reasons to do something than legal obligation.

Can Twitter collect taxes from you, send you to prison, or - depending on state - have you executed?

Re: Twitter CEO fires two top executives, freezes hiring

#768

Post by p1esk »

2muchcoffeeman wrote: post #764
p1esk wrote: post #744

Earlier quoted context omitted.

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.

That’s a trap though. It’s far more sensible for most people to live well below their means and create options for their future.

I've stated what I've observed and experienced. Whether it's a "trap" or "sensible" is irrelevant.

Re: Twitter CEO fires two top executives, freezes hiring

#769

Post by gitgud »

PBnFlash wrote: post #740
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.

I would put parascope on that as well, they strangled meerkat for the live streaming market then let their product die.

Periscope was a brilliant streaming app. And one of the first that you could write messages to people who were streaming.

It was an incredibly intimate experience to write something, and see people in the video you're watching, react to it live. Seems normal now, with so many streaming apps, but periscope was the first I saw on mobile do this well.

Eventually, the big apps implemented it too (Facebook, Snapchat... Instagram). Which killed Periscope...

Re: Twitter CEO fires two top executives, freezes hiring

#770

Post by RyanShook »

warning26 wrote: post #580
throwaway-jim wrote: post #566

Earlier 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.

"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

Thanks for the reminder. Yes, this was pretty much 100% the rationale from Twitter at the time.
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