611–620 of 1001 posts
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Congratulations, you just lost all your invested capital on Truth Social 2.0.
Better in theory than IRL. You think the Don was able to get top dev talent lol?
Let's say you run a company and you want to reduce staff. Let's also say you want to make an unpopular decision (or multiple unpopular decisions) that you know will drive a certain percentage of your staff to leave the company. Wouldn't it make the most sense to announce those decisions before making layoffs? Let people self select whether they want to stay and work for you and then make your layoffs after to ensure…
> Wouldn't it make the most sense to announce those decisions before making layoffs? Let people self select whether they want to stay and work for you and then make your layoffs after to ensure all teams are properly staffed. He's got huge debt and declining revenue - both of his own making - so he doesn't have time for employees to self-select based on minor incentives. He has to strip down the car fast while someho…
You know what we call a vehicle thats undergoing Rapid Disassembly? An Explosion.
According to the email, Musk expects subscriptions to make up to 50% of revenue. Assuming that Twitter’s revenue is around $5bn, and the subscription is at $8/month that’s some 26M subscriptions, or 5,7% of its users. I don’t think that a number so high is achievable, unless they pull a rabbit out of their hat.
Another way to achieve Musk's target would be to drop ad revenue numbers precipitously until it is equal to subscriptions - a process that may well be under way.
I keep thinking it'd be much cheaper for Elon to have paid to build an entirely new Twitter that has the features he's looking for. Let's say Elon had set aside a budget to hire some of the best developers he's ever worked with or heard of, and lets give them an imaginary salary of 1.5 million total comp per year, at about 10 devs for easy math. And let's say another 500k for bennies. So our operating expense for top…
> And let's say another 500k for bennies. So our operating expense for top dev talent comes out to 20 million a year. You can have an elite tier dev team, for 20 million a year that could easily build a twitter. He could've tried to interview ex-Twitter and get feedback on technical debt, pain points, problems to have fixed in the newly architect-ed model. No, you won't. There's a lot more to running a social media s…
Advertisers have already pulled out of Twitter and Elon is talking about publicly shaming them. How is his current reality any better than starting fresh. He could've invested in building technology from scratch to handle hate speech and removing bad apples.
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Really feel bad for anyone who went out and bought a house in another place or made life decisions based on this policy which is likely a lot of people. This is really showing that you don’t respect or care about your employees which is par for the course for musk. However i think what he is forgetting is that Twitter isn’t some amazing challenge to solve like self driving or rockets. I think you will see a very unde…
Man, that's an interesting point I could imagine putting up with a lot of shit from Elon if I believed I was building a better future for humanity in the process, but it's hard to see how a social network is accomplishing that
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> Maybe this is a signal twitter isn't going to innovate, develop, and maybe even operate, internally, at least going forward. It seems clear to me that Musk believes Twitter is dysfunctional and inefficient. His top priority is to make it efficient. From this perspective, as the right people and a culture of intensity are set up, Twitter will be unburdened to move and innovate. The open question is how quickly can h…
>It seems clear to me that Musk believes Twitter is dysfunctional and inefficient. His top priority is to make it efficient. Is it though? Musk also thought twitter had a bot problem, right up until it became apparent that saying so wouldn't get him out of the Twitter acquisition. I think the only thing that's clear is that Musk has a Twitter attention addiction, and buying Twitter was the world's wealthiest man buyi…
What are the chances that Musk composed and sent this email while working remotely? Very high I reckon.
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What's stupid is people thinking that someone who successfully rules over some of the most influential companies in the world is stupid. Reminds me of all those people who claim that Trump or Putin[1] are "stupid" where in reality they just mean "I don't like them". [1] You can be a murderous dictator and not stupid, I would actually wager a guess that those people tend to actually be cleverer than average. Some appl…
Been saying this forever. It's never wise to call your enemies stupid, it makes it considerably more embarrassing when you lose to a idiot. All of my enemies are 8 foot tall, einsteinian, gigachad supermen.
So you have to actually see where they have a fragile ego, E.g stupid, bad with money, poor, or they have no class.
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I made a half-joke here on HN a few months ago that Musk was buying Twitter just to destroy it for the lols. Maybe everyone's wasting their time with rational economic analysis, trying to figure out a pretty simple guy with an obscene pile of fuck-you money and an axe to grind.
I made this comment to a friend recently that I don't think enough people are considering that he might actually be mad enough to have spent $44B to destroy a toxic business.
(1) he approached this with a "pfft, I could run that business better than the bozos in charge" attitude -- it's not as if Twitter has been known for great management up to this point, right? -- but never actually came up with a plan beyond "not what they've been doing." After he initially made the offer, he spent all the time he should have been formulating business plans trying to get out of the deal instead. Then it got forced on him, and he's had to scramble.
(2) Elon has millions of people who treat him as a combination of Steve Jobs, Thomas Edison, and Tony Stark, and bluntly, I think he's started believing his own press to the point where he just figures, "Why, yes, I am a super genius who can do anything, and anyone who contradicts me is clearly not worth listening to."
I would be very surprised if Twitter recovers from what Elon Musk, Super Genius is doing to it; the question is whether Elon Musk is going to recover from it. The best case is that this will be his Steve Jobs Exiled From Apple moment; the worst case is that he becomes Howard Hughes.
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What's stupid is people thinking that someone who successfully rules over some of the most influential companies in the world is stupid. Reminds me of all those people who claim that Trump or Putin[1] are "stupid" where in reality they just mean "I don't like them". [1] You can be a murderous dictator and not stupid, I would actually wager a guess that those people tend to actually be cleverer than average. Some appl…
There is a surprising amount of luck and happenstance in people reaching their current positions. Even great discoveries made by smart people often originate because someone was in the right place at the right time. Most societies rewards these events, for both the individual and through inheritance their children. Musk may be cleverer than average, but he's also come to own twitter by virtue of being successful at b…
Well, they imply it a lot more than a person with success in zero businesses up to this point