Earlier quoted context omitted.
Tesla is up 995% over the past 5 years.
Are you suggesting that twitter will have a marketcap approx worth tesla / facebook / berkshire hathaway / johnson and johnson in 5 years time?
No post body was provided.
Twitter CEO fires two top executives, freezes hiring
891–900 of 1000 posts
Re: Twitter CEO fires two top executives, freezes hiring
#892So 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…
Twitter full of spam bots, user numbers not genuine and all growth in fake users might be justifiable reason for firing:
Re: Twitter CEO fires two top executives, freezes hiring
#893So 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…
Seriously? Having been on both sides of a number of acquisitions I can tell you that these kinds of personnel changes are made typically at the (possibly indirect) request of the acquiring company. Things like "We've got a really create CMO that we're bringing on, we don't need any headwinds to them getting traction quickly" means "Get rid of the people who think they are in charge of marketing so that our person can…
That would normally happen post close. You are normally mandated to maintain the current operating position prior to close.
Re: Twitter CEO fires two top executives, freezes hiring
#894Earlier quoted context omitted.
Aren’t most citizen travel miles from daily commuting and going to nearby shops?
Yes, but people don't buy vehicles simply for commutes, and IC vehicles will be around for decades for actual work. Nobody along the gulf or southern east coast is going to be buying an electric car as their sole mode of transportation if they have any common sense.
Depends on one’s definition of common sense.
If 90% of the time one can own a median vehicle wherein they never have to go to the gas station, the vehicle lasts 1,000,000 miles, they aren’t emitting CO2, and gas prices go past five dollars…
it might be common sense to use the savings from the situation to rent vehicles to satisfy the other 10% of your needs.
Re: Twitter CEO fires two top executives, freezes hiring
#895Earlier quoted context omitted.
Job offer or not, $42 million for doing almost nothing is a great deal.
I'm always curious .. how do these execs negotiate such contracts (where contingencies like getting acquired/fired lead to a payoff). Does this start at the VP or EVP level? I assume there are professionals/lawyers involved in the contract part (representing the exec I mean)?
You might enjoy reading the book "Pay without Performance: The Unfulfilled Promise of Executive Compensation" [1]
TLDR: Companies don't engage in arms-length negotiation with CEOs. Shareholders don't hold companies to account for various structural reasons.
Re: Twitter CEO fires two top executives, freezes hiring
#896Earlier quoted context omitted.
8% is extremely optimistic. 4% is more like it, maybe even 3.5%. I'll use 4% for what follows. That's $200k. Take out 20% LTCG, now you're at $160k. Rent is like $3k/mo, so $36k/yr. Say you have modest living expenses of another $34k/yr. Now you're at $70k/yr to break even. That leaves you with $90k to save/compound. So, ok, you're doing very well as a renter with $5M invested, even in the Bay Area. And, given that y…
9% is the long term annual return of the stock market over the past century.
Sure, but if you retired in 1997 to live off the interest on an investment in the S&P 500, by 2008 you'd have made an annual return of... 0%.
If you used cromd's figures of $5M in funds and lifestyle expenses of $400k/year you'd have spent ~80% of the principal (although you'd probably have reigned in your spending unless you were mad)
A boat doesn't just need to survive the harbour's average water level - it needs to survive low tide and high tide.
Re: Twitter CEO fires two top executives, freezes hiring
#897So 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…
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…
If Elon bails the deal. Twitter will be at 1/3 the price and there will probably be massive layoffs.
Re: Twitter CEO fires two top executives, freezes hiring
#898This 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…
Given the toxic dump twitter is today, I doubt this is true.
Re: Twitter CEO fires two top executives, freezes hiring
#899So 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…
Imo mostly likely scenario is they’re removing evidence / firing people as if the evidence is discovered. If you saw their prior earnings they were over reporting by at least a million users. The people they fired would have potentially known that, or at the very least should have. Further, due diligence will be done prior to sale. At which point items such as the above can / will be discovered. Finally, there have b…
And what do you know?
> Twitter deal temporarily on hold. Elon Musk wants to evaluate if spam and fake accounts do indeed represent less than 5% of the platform's users base.