961–970 of 1001 posts
I would obviously not want to work in such an environment, but. Given that he fired so many people, yet the site is working unchanged and works exactly the same as before, maybe he’s not that crazy? I can log in to the website and see no difference; nothing is obviously broken. Maybe he’s right and most people were doing nothing? I don’t know.
Why wouldn’t he have done a few weeks due diligence before making any changes? This seems like the worst way to do a management take-over.
He's basically a twitch streamer in terms of behavior and pleasure response to attention, so expect him to act like one.
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> But seriously, how can someone burn down something he just bought for 44 billion so fast and consequently? The fan boys would say: It’s Elon, he is playing 3D chess and no one is smart enough to understand his end goal.
This is 100% going to happen. Twitter will crash and burn, and then fanboys will go "This was Elon's plan all along! He hated Twitter, and just wanted to kill it to own the libs. Everything he was doing was an act. What a genius!!"
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Correct me if I'm wrong but I believe his vision for Twitter 2.0 is to rebrand Twitter as X (I believe he owns x.com) and rebuild it as WeChat for the North American.
Twitter engineers are reporting in saying he gave no indication of how this would be done. See my other comments for a source. I think that’s it too, but I wonder about it’s feasibility. I’m not sure we need a WeChat in the west. I remember a good article shared here about how the Chinese ecosystem is so different that WeChat makes sense.
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> Why would anyone stay? “Hey, do you want to work triple the amount of hours for me for the same pay?” Probably even less pay. No more stocks (and if: limited ways of selling ... unless Musk manages to execute a massive pivot and then go public again)
He could give out stock. Anyone staying by choice (not forced like an h1b), has to buy into the vision that their 'hardcore' work will eventually make Twitter public again. Effectively rebooting the company as a startup. IMO, given EM's antics, he's making the base pay of anyone he hires go up, not down. I can't imagine what he's going to have to pay the CEO he says he's going to put in place at Twitter.
But as it is no longer a public company, any such stock is not liquid. Unclear when one could sell it, if ever. So basically worth nothing.
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I really hope it implodes. He has been so childish throughout, he deserves to lose the 44 billion. Sucks that thousands of people are out of work, but maybe this is better for them than a slow painful death of a once okayish company.
What about all the poor people on visas who are now desperately looking for jobs to avoid having themselves and their families deported?
What happens when Twitter survives despite reducing headcount by 80-90%? It's going to send a message that companies are more overstaffed than we thought. This may explain an underlying fear driving even some engineers to put their reputation on the line with confident declarations that Twitter is going to fail. Some were saying it wouldn't survive the night. It's now morning. Others saying it won't last the weekend…
Consider the FTX news, where the new CEO appointed to clean up the mess called it a complete failure of corporate governance.
There is a huge amount of work that isn't directly related to keeping a website running that is required to sustain a large corporation and keep it legal. You can ignore all of this for a while, but not forever.
From various reports it seems Twitter has fired everyone in security, privacy, media relations, regulatory compliance and we probably haven't heard of everything.
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That's also my thought. I cannot believe someone could burn through cash possibly this fast in history. Surely, something to be remembered for...
Well, Twitter is not burning through as much cash anymore now that most of the people are gone… Cutting the burn rate is a clear and sensible part of Musk’s strategy. The more he lowers Twitter’s expenses, the more time he gives Twitter to try new things. He’s done a terrible job of executing it, but that part of the business strategy, at least, is sound.
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Not that this is at all significant, but these past few months of Twitter charades have erased any appetite for one day buying a Tesla, or any other Musk owned products. Luckily almost every automaker is coming out with their own EVs in the next couple years, so the market should be pretty competitive(in some ways it already is).
Is this in solidarity because you don't like him or because it reduces your faith in his other companies?
There are a lot of people I like to whom I would not hand over $50k+ for a nice product. For that kind of expenditure I want some certainty that the future outlook and mission of a company is on solid ground.