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Musk’s inner circle worked through weekend to cement Twitter layoff plans

washingtonpost.com

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Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#401

Post by phone8675309 »

fasthands9 wrote: post #251
yrgulation wrote: post #74

Earlier quoted context omitted.

This is mainly media workers exploiting current events for traffic, even if their content is misleading. We really need to sort out media corruption and incompetence.

Washington Post isn't a random blog. https://www.washingtonpost.com/search/?query=twitter+elon&fa... Did a quick search of Elon + Twitter. Everything they reported seems factual and tied to things that actually happened? If Twitter does lay off a large amount of people will you admit that Washington Post probably had good sources or continue to be continually skeptical? I think part of wanting a good media atmosphere…

No post body was provided.

Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#404

Post by treis »

georgeg23 wrote: post #144
AlexandrB wrote: post #137

Earlier quoted context omitted.

Would anything let him change the deal at this point? Even if Twitter was hiding their bot problem Elon's initial offer waived his ability to do due diligence on this, no?

The courts can make anything happen .

I wonder how that would work, practically. You'd have to track down every individual shareholder and... what undo the transaction? Seems impractical.

Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#405

Post by mikeyouse »

cragfar wrote: post #220
duxup wrote: post #216

Earlier quoted context omitted.

Be interesting if they gut it completely just to try to make debt payments and how that would work.

Is the billion in debt payments actually confirmed? That would most likely require some increase in revenue which is probably why Musk is looking into the verified twitter payment thing.

Yeah the terms of the debt arrangements were mostly public - $13 billion of junk debt which yields ~8%.

Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#407

Post by shadowtree »

spamizbad wrote: post #327

Interesting that David Sacks and Jason Calacanis are "Staff software engineers" - assuming that's accurate. To my knowledge, neither have worked as professional software engineers. Calacanis is a journalist turned entrepreneur/investor and Sacks is a former management consultant who became a C-suite during the dotcom boom who later became an entrepreneur/investor.

You can get an insight into their thinking in their weekly podcast called "All-In", together with Chamath Palihapitiya and David Friedberg.

Link: https://podcasts.apple.com/us/podcast/all-in-with-chamath-ja... Also on Youtube: https://www.youtube.com/channel/UCESLZhusAkFfsNsApnjF_Cg

Supposedly has a couple million listeners.

Sacks and Calacanis were named in the lawsuit between Twitter and Musk.

And it is very clear that none of them have any real tech insight, but a lot of VC / raccoon mindset.

Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#408

Post by sokoloff »

luckylion wrote: post #163
fknorangesite wrote: post #134

Earlier quoted context omitted.

> They're employees, but "workers" implies blue collar in my opinion. You are (understandably) conflating "worker" with "working class", but these are different contexts. A worker is anyone who must, well, work for a living as opposed to their income coming from property/capital.

Wouldn't you differentiate between workers and executives? Is the CEO a worker if he doesn't own the company? Tying it to the salary makes sense to me. If you get paid minimum wage, asking you to work overtime without additional pay is unjust. You get paid a minimum wage worker's life-time-earnings per year? It's perfectly fine to ask you to come in this weekend for an urgent project.

You can always ask.

Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#409

Post by mikeyouse »

AlexandrB wrote: post #162
giarc wrote: post #149

Earlier quoted context omitted.

$1 billion across 5000 employees is just $200,000 each. I suspect if you add total comp plus expenses for each employee you get to $200,000 pretty quickly.

That's only if Twitter can continue to function at the same revenue without those 5000 employees. That remains to be seen.

Saw a note today they're going to layoff a number of "highly compensated" sales people highlighting that they made even more than very senior engineers... which is an interesting plan for a company trying to salvage revenue.

Re: Musk’s inner circle worked through weekend to cement Twitter layoff plans

#410

Post by mola »

legitster wrote: post #225
photochemsyn wrote: post #179

Earlier quoted context omitted.

I see them reporting on stories that others have generated, but what I certainly don't see is anything like investigative journalism targeting any of Bezo's business interests, i.e. generating original stories, publishing embarrassing leaks ( that others have not already published ) etc. Again, see the Top Secret America investigative journalism effort from 2010. There's nothing similar that the Post has done since B…

Maybe for the simple fact that they are still predominantly a local newspaper for Washington DC. Their beat coverage is still largely going to be Federal US politics.

And bezos doesn't have dealings on a federal level? Oh my. You are naive.

Bezos bought a new paper, so he can have a mouth piece when he needs it.

Musk just bought a bigger mouth piece, without any of those pesky editors.

Musk and his investors just bought a massive amount of power. Which We basically lost.

Welcome to the oligarchy.

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