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Elon Musk owns Twitter: The story so far

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Re: Elon Musk owns Twitter: The story so far

#391

Prediction: Brain drain at Twitter begins as Elon starts enacting unpopular policies. Valuation tanks. Morale becomes non-existent and Twitter slowly starts to fade from existence while competitors begin to fill the void. I give it 3-5 years before it's gone full husk.

musk has consistently attracted top tier engineering talent.

the one thing I'm almost certain of is twitter will have better margins under musk.

It may not be worth the $44b though, he's starting at a $20b defecit.

Re: Elon Musk owns Twitter: The story so far

#392
I said that Musk would never own Twitter, and that it seemed like a drunken bar bet to me. His later actions seemed to signal that he was trying to weasel out of the deal.

I concede that I was wrong. However, it still seems like and act of hubris gone wrong to me. The terms of the financing of the acquisition look nasty.

Re: Elon Musk owns Twitter: The story so far

#393

If I was working at Twitter right now I would be looking for a different job, regardless of what I think of Elon's politics/motives. The talk of layoffs and major policy changes creates massive uncertainty and I don't think I'd risk sticking out the transition. I bet many inside the company feel the same. This begs the question: If there is a major exodus, will it even matter? And, if it does, how will the problems m…

For nostalgia's sake, I hope the code responsible for rendering the fail-whale[0] wasn't deleted in the past few years[1]. Seeing it again will be like seeing an old friend.

0. http://www.yiyinglu.com/?portfolio=lifting-a-dreamer-aka-twi...

1. If it was, may an outgoing Twitter engineer please add it back as a last commit. I'll buy you a beer.

Re: Elon Musk owns Twitter: The story so far

#394

If I was working at Twitter right now I would be looking for a different job, regardless of what I think of Elon's politics/motives. The talk of layoffs and major policy changes creates massive uncertainty and I don't think I'd risk sticking out the transition. I bet many inside the company feel the same. This begs the question: If there is a major exodus, will it even matter? And, if it does, how will the problems m…

Based on everything I read so far the plan seems to be to make Twitter a much smaller company by headcount so they could sustain themselves primarily through their users rather than advertisers. My guess is Elon is restructuring the company so it's not beholden to advertisers. He knows that Twitter is going to always be inherently controversial and he wants to structure their revenue so they aren't always having to r…

If they don't have advertisers how are they going to make money?

Re: Elon Musk owns Twitter: The story so far

#395

If I was working at Twitter right now I would be looking for a different job, regardless of what I think of Elon's politics/motives. The talk of layoffs and major policy changes creates massive uncertainty and I don't think I'd risk sticking out the transition. I bet many inside the company feel the same. This begs the question: If there is a major exodus, will it even matter? And, if it does, how will the problems m…

I mean, if you're a huge fan of him you'd probably stay. If you're not, you'd probably stay for the severance package, and do absolutely no work in the meantime. No company or recruiter will be holding the fact you were fired against you if/when you're swept away in the layoffs. If you genuinely like your job there and don't feel strongly about Musk either way, that's probably the toughest situation, and you should c…

I think one can acknowledge Musk's entrepreneurship, ability to hire top talent, and risk-taking while at the same time pointing out his immaturity and petulance.

Re: Elon Musk owns Twitter: The story so far

#396
post #353

The reason why Musk eventually bought Twitter, when he did, and at the price he paid, was to avoid having to testify under oath in the lawsuit against him. He was going to be deposed, exposed, and in the end he was also going to lose and suffer the indignity of having to pay a high price for something he fiercely said he didn't want anymore. Better bite the bullet earlier than later. Now that doesn't explain why he w…

> If he can simply wait for Twitter to be worth as much as he paid for it, so that he can sell it again and cover his losses, that will be a fairly good outcome. This is a leveraged buyout. That means that $13 Billion was borrowed from Morgan Stanley to make this deal happen, and Twitter is the owner of that debt. Estimates are ~$1.3 Billion / year in interest payments (the most risky $3 Billion is unsecured loans, e…

Sounds like you are defining a hood job solely on financial parameters which i don’t think should be the goal markers. That said I realize you are responding to the financial aspect of the question.

Also he likely has a plan to get more revenue otherwise he likely (caveat he is quite impulsive) wouldn't have jumped in. Theres clearly an idea to a path for a better company - well see if that can execute.

Re: Elon Musk owns Twitter: The story so far

#397
post #353

The reason why Musk eventually bought Twitter, when he did, and at the price he paid, was to avoid having to testify under oath in the lawsuit against him. He was going to be deposed, exposed, and in the end he was also going to lose and suffer the indignity of having to pay a high price for something he fiercely said he didn't want anymore. Better bite the bullet earlier than later. Now that doesn't explain why he w…

He implied in a few interviews that he wants to turn it into a WeChat version of the west. Doesn't 200M+ daily active users opens up that door.

He mentioned "the everything app" I think once? But -- IMHO -- people who tweet don't fit the profile of people who would need such an app. They're trying to sell stuff, not buy stuff.

Re: Elon Musk owns Twitter: The story so far

#398

Earlier quoted context omitted.

The problem with Musk's solar panel business is that it is more expensive and less effective than normal solar panels. They look nicer than normal panels, but to thrive off of solar you need as much efficiency as possible. Tesla panels don't provide that especially for the cost.

I live in Phoenix and a lot of people have been turned off on solar in general for their home because a lot of the companies are aggressive and shady. Seems like a missed opportunity for Tesla to have stepped in to be a "reliable" solar company simply by pricing competitively and not going out of business a year after installation.

Tesla's solar business was started by purchasing one of the most aggressive and shady outfits in the business. SolarCity was a mess.

Re: Elon Musk owns Twitter: The story so far

#400

If I was working at Twitter right now I would be looking for a different job, regardless of what I think of Elon's politics/motives. The talk of layoffs and major policy changes creates massive uncertainty and I don't think I'd risk sticking out the transition. I bet many inside the company feel the same. This begs the question: If there is a major exodus, will it even matter? And, if it does, how will the problems m…

Based on everything I read so far the plan seems to be to make Twitter a much smaller company by headcount so they could sustain themselves primarily through their users rather than advertisers. My guess is Elon is restructuring the company so it's not beholden to advertisers. He knows that Twitter is going to always be inherently controversial and he wants to structure their revenue so they aren't always having to r…

Elon has already started groveling to advertisers:

https://twitter.com/elonmusk/status/1585619322239561728

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