Everyone on the internet knows how to run Twitter better than the richest man on earth who revolutionized both the electric car and private space industries. I wish I could invest in Twitter now but I’ll wait for the cryptocurrency launch.
Musk orders Twitter to cut infrastructure costs by $1B – sources
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Re: Musk orders Twitter to cut infrastructure costs by $1B – sources
#22Earlier quoted context omitted.
Why a waste? Sounds like a smart move? Buy a company, drastically reduce unnecessary expenses.
All those unnecessary expenses like content moderation and robust fault tolerant infrastructure.
Or gigantic offices in expensive down town areas, all the coworkering space rent, food served at said office buildings, and personnel.
Re: Musk orders Twitter to cut infrastructure costs by $1B – sources
#23$1bn, the exact amount of debt interest Twitter now has to pay off after Musk saddled it with so much debt. So much of this feels like such a waste. I don’t have any problem with the idea of someone taking Twitter private in order to fix it. But with this kind of debt financing and with a CEO that doesn’t seem to understand the company (and tried to get out of buying it)…
Why a waste? Sounds like a smart move? Buy a company, drastically reduce unnecessary expenses.
>Buy a company, drastically reduce unnecessary expenses.
This famously works out very well for PE firms.
It seems very naive to assume Twitter was casually spending 1B/yr in "unnecessary expenses". Maybe the previous CEO/CTO was a baffling moron, but I tend to have more faith in people absent of evidence otherwise. I'm going to be surprised if Twitter is around in year - I'm just they have the capital to keep the lights on but it will be a very different story if advertisers start to abandon the platform because the adops infrastructure was gutted as an "unnecessary expense".
Re: Musk orders Twitter to cut infrastructure costs by $1B – sources
#24Earlier quoted context omitted.
Why a waste? Sounds like a smart move? Buy a company, drastically reduce unnecessary expenses.
All those unnecessary expenses like content moderation and robust fault tolerant infrastructure.
It's an app for billionaires and journos to crank out viral memes, not a pacemaker. The world will be ok.
Re: Musk orders Twitter to cut infrastructure costs by $1B – sources
#25Why does this article claim to know that Twitter might go down due to cost cutting? Isn't there a possibility that their infrastructure is just hugely wasteful?
Having never worked at giant web app company, if it were run efficiently then what should we expect their server and infra costs to be? Surely that is the type of Fermi calculation someone on this site can make.
Re: Musk orders Twitter to cut infrastructure costs by $1B – sources
#26Re: Musk orders Twitter to cut infrastructure costs by $1B – sources
#27There is plenty of opportunity to renegotiate contracts, since capacity is exploding with 400Gbit going over a single wavelength. It used to be amazing to hit 1 Tb/s with a piece of core network equipment and now it is routine... whether tjat and many other changes is enough to save 1B per year, I don't know.
Re: Musk orders Twitter to cut infrastructure costs by $1B – sources
#28$1bn, the exact amount of debt interest Twitter now has to pay off after Musk saddled it with so much debt. So much of this feels like such a waste. I don’t have any problem with the idea of someone taking Twitter private in order to fix it. But with this kind of debt financing and with a CEO that doesn’t seem to understand the company (and tried to get out of buying it)…
Ignoring all the other things that are wrong with this whole situation... if they can make it $1B more efficient, how is it a waste even given the loans? Presumably the plan is to get rid of the debt eventually, and then you'll have a much more financially healthy company, assuming it can actually get $1B more efficient.
If they can, that's great, if not then they're setting up Twitter for bankruptcy, or asset sales, if they have any.
Generally speaking, loading up a company with debt is corrosive to good management. If you have to cover your interest payments each month, and that's hard, it focuses the business on short term survival rather than investing in growth in the longer term.
Re: Musk orders Twitter to cut infrastructure costs by $1B – sources
#29Everyone on the internet knows how to run Twitter better than the richest man on earth who revolutionized both the electric car and private space industries. I wish I could invest in Twitter now but I’ll wait for the cryptocurrency launch.
Is there some kind of scam coin associated with the twitter deal?
Re: Musk orders Twitter to cut infrastructure costs by $1B – sources
#30$1B out of?