In four years Musk will be bored to death with Twitter and will sell it to private equity and the Saudis for $5 billion. At that point it will be mostly a platform for porn creators and crypto pumping, the only two verticals where Twitter seems to be actually growing lately.
Given that Twitter the company owes $12bn to Morgan Stanley, that will be a serious problem for them.
Twitter’s mass layoffs have begun
161–170 of 1001 posts
Re: Twitter’s mass layoffs have begun
#162Since apparently nobody else in the thread has any empathy for those who've lost their jobs, future access to healthcare (in the US and less civilized countries), and financial security, I guess I'll be the first: I feel bad for people who are laid off by the machinations of billionaires. I wish we lived in a society where it wasn't optimal to act like raving lunatics will tear down every bit of security you have at…
Watching twitter ban dissenting doctors and scientists reminded me of Hannah Arendt and the Eichman trial: "The most radical revolutionary will become a conservative the day after the revolution"
And this from a NYT movie review:
"Arendt concluded that evil in the modern world is done neither by monsters nor by bureaucrats, but by joiners. That evil, Arendt argued, originates in the neediness of lonely, alienated bourgeois people who live lives so devoid of higher meaning that they give themselves fully to movements. It is the meaning Eichmann finds as part of the Nazi movement that leads him to do anything and sacrifice everything. Such joiners are not stupid; they are not robots. But they are thoughtless in the sense that they abandon their independence, their capacity to think for themselves, and instead commit themselves absolutely to the fictional truth of the movement."Re: Twitter’s mass layoffs have begun
#163Since apparently nobody else in the thread has any empathy for those who've lost their jobs, future access to healthcare (in the US and less civilized countries), and financial security, I guess I'll be the first: I feel bad for people who are laid off by the machinations of billionaires. I wish we lived in a society where it wasn't optimal to act like raving lunatics will tear down every bit of security you have at…
Re: Twitter’s mass layoffs have begun
#164Since apparently nobody else in the thread has any empathy for those who've lost their jobs, future access to healthcare (in the US and less civilized countries), and financial security, I guess I'll be the first: I feel bad for people who are laid off by the machinations of billionaires. I wish we lived in a society where it wasn't optimal to act like raving lunatics will tear down every bit of security you have at…
Do you have different feelings about people who are laid off by the machinations of centi-millionaires?
Re: Twitter’s mass layoffs have begun
#165Since apparently nobody else in the thread has any empathy for those who've lost their jobs, future access to healthcare (in the US and less civilized countries), and financial security, I guess I'll be the first: I feel bad for people who are laid off by the machinations of billionaires. I wish we lived in a society where it wasn't optimal to act like raving lunatics will tear down every bit of security you have at…
The personal financial security shouldn't be provided by corporations, is your problem, so you should be the one who solve it, if you want financial security just make sure you are highly employable at any point. Most people fired from Twitter will find a new job without problem and if they can't, is their problem, not mine.
In a down economy, human resources and artificially underutilized and many competent workers with solid financial discipline will still find themselves in financial trouble.
Re: Twitter’s mass layoffs have begun
#166Re: Twitter’s mass layoffs have begun
#167Since apparently nobody else in the thread has any empathy for those who've lost their jobs, future access to healthcare (in the US and less civilized countries), and financial security, I guess I'll be the first: I feel bad for people who are laid off by the machinations of billionaires. I wish we lived in a society where it wasn't optimal to act like raving lunatics will tear down every bit of security you have at…
I must confess that I am finding it difficult to muster sympathy for them. And this coming from a man that despises Musk's behaviour, and wished he had been barred from buying Twitter. My reason being that during the pandemic, I repeatedly told people that my biggest fear was not the virus, but the economic collapse that would be the inevitable result of global lockdowns, and the authoritarian dystopia being shaped b…
Being at home seems indeed scary compared to dying in a hallway of an overloaded hospital
Re: Twitter’s mass layoffs have begun
#168I'm pretty curious about how and where Twitter employees were distributed. For a company ostensibly worth $44 billion, having 7,500 staff feels pretty damn lean. It feels like Musk isn't just purging people, he's purging the Twitter culture...
we'll find out soon if Twitter really need 7500 employees. (IMO, i just don't see how and why you needs that many people to run Twitter)
Re: Twitter’s mass layoffs have begun
#169Since apparently nobody else in the thread has any empathy for those who've lost their jobs, future access to healthcare (in the US and less civilized countries), and financial security, I guess I'll be the first: I feel bad for people who are laid off by the machinations of billionaires. I wish we lived in a society where it wasn't optimal to act like raving lunatics will tear down every bit of security you have at…
> I feel bad for people who are laid off by the machinations of billionaires. Do you have different feelings about people who are laid off by the machinations of centi-millionaires?
Re: Twitter’s mass layoffs have begun
#170> "Twitter’s newsletter service Revue will be shut down by the end of the year. Revue was acquired by Twitter in January 2021 for an undisclosed amount. The report also says that Notes, a longform posting feature, is on hold, as is Twitter’s plan to build crypto wallets." All these are look so distant to Twitter's core value.