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Twitter board adopts poison pill after Musk’s $43B bid to buy company

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Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#661

Twitter has around 8,000 employees. I fully understand and respect the high level of technical skills needed to operate and manage such a highly available service, BUT I still can't for the life of me figure what the other 7,950 employees do.

Allow me to ruin your now-traditional joke [1] by telling you what I saw when I worked there in 2016-7.

First, it's a complex product. Just for the user-facing side of things, there are four big codebases: back-end, iPhone, Android, and Web. The back-end stuff is very large, generally for good reason, and sometimes not. A lot of those good reasons relate to performance; with over 100m people using it every day, getting the right tweets to the right people is challenging, especially given that some people have over 100m followers and many users will follow a lot of accounts (I follow over 3300, for example).

But the user-facing side is only part of it. A big way the site makes money is ads. This is in some ways a more complex problem than the user side of things. If you'd like to see, try buying an ad on Twitter. They also have a division that does data products, including a variety of APIs, and another group that has other products for businesses, like tooling for the customer support interactions that people expect to handle on Twitter.

I of course can't forget their SRE folks, who keep all of the machinery humming and make sure all the software is doing what it's supposed to. There a quite a lot of people doing infrastructural work making tools and products that you never hear about and I probably can't list. There's also a good developer tooling group that helps keep the developers above working smoothly. And let's not forget their internal IT group,

Adjacent to engineering are a lot of really sharp product and design people, as well as a design research crew that understands the many ways people use Twitter and examine how it works for them.

We then must turn to people who handle the social side of this. When I worked there, that included a significant staff doing policy work, trust and safety enforcement, and handling darker things like CSAM and terrorism issues. There were also a bunch of people fighting the banal spammers.

And let's not forget the ML people! That alone was a few hundred people doing research, creating and improving models, and applying them to many of the things I mentioned above.

And at last we come to the kind of things that pretty much any large company needs: finance, legal, marketing, government relations, sales, computer security, physical security, admin, management, and the like.

If you ever wonder this in the future about any company, I suggest you look at their jobs site [2], which is always a good way to get an idea of what goes on at a company.

[1] e.g.: https://news.ycombinator.com/item?id=17150438

[2] https://careers.twitter.com/en/roles.html

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#662

Wow, my prediction is Musk will walk away, Twitter stock price will tank, and Twitter will be flooded with thousands of shareholder lawsuits (for breaching their fiduciary duty).

It is naive to think that shareholder lawsuits will win. Have you looked at some crazy behaviours from Musk? Like how he teased SEC. How he tried to falsely accuse British diver as a child rapist. Not to mention, the price isn't that good. There were people who bought at 70 a few months ago. Offering at 44 is kinda meh. If musk offered 1000 per share, then the lawsuit may have had some weight.

> falsely accuse British diver as a child rapist

Let's be specific, "pedo guy". And that was an insult in response to an equally profane insult from the other guy. Two wrongs don't make a right, but he apologized and people who have said equally bad or worse things also occupy high places...

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#663

Twitter has around 8,000 employees. I fully understand and respect the high level of technical skills needed to operate and manage such a highly available service, BUT I still can't for the life of me figure what the other 7,950 employees do.

One interesting point here. I noticed that Twitter bought a design agency a few months back [1] who themselves claimed to have dozens of employees. It made me wonder. Why would Twitter need dozens of designers on top of the designers they already had? I would have assumed they likely had a 10-20 person design team. One designer and a few managers for the handful of features they have. But then I read a post online th…

internal tools need designers too! not to mention their ads platform.

I imagine their content review platform, trust & safety tools, etc all have some designers working on them

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#664
post #501

Earlier quoted context omitted.

As is detailed by many smart people below, fiduciary duty lawsuits are difficult to win. They'd pretty much have to have board members emailing each other saying "This would be in the best interest of shareholders, but let's screw them over instead" This was an epic debacle. Musk invested 4 BILLION dollars in an asset of questionable value, because "free speech". If he times it right he could come out ahead financial…

from what i understand it's a matter of ideals combined with the technologist's desire to see the machines (all types, including sociopolitical) work correctly. he wants to see the first amendment function with autistic precision. he wants to remove any messy personalization because it interferes with that purity. he wants fully transparent moderation and proof of fairness. he doesn't like the idea that one organizat…

> he wants to see the first amendment function with autistic precision

I really wish we'd stop defining social media broadly as a first amendment issue. Elon Musk has the right to speak his mind without fear of government reprisal, he doesn't have a constitutional right to broadcast his asinine opinions to millions of people.

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#665

Earlier quoted context omitted.

One interesting point here. I noticed that Twitter bought a design agency a few months back [1] who themselves claimed to have dozens of employees. It made me wonder. Why would Twitter need dozens of designers on top of the designers they already had? I would have assumed they likely had a 10-20 person design team. One designer and a few managers for the handful of features they have. But then I read a post online th…

internal tools need designers too! not to mention their ads platform. I imagine their content review platform, trust & safety tools, etc all have some designers working on them

[deleted]

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#666

Wow, my prediction is Musk will walk away, Twitter stock price will tank, and Twitter will be flooded with thousands of shareholder lawsuits (for breaching their fiduciary duty).

Companies are not required to sell to any random billionaire who comes by and offers a premium over the current share price. There will be lawsuits, and they will fail.

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#667
post #85

Earlier quoted context omitted.

Indeed, what happens when Elon starts his own platform instead and uses some of the ~$40 billion he'd otherwise buy Twitter with instead on paying top users of Twitter to exclusively use his platform instead?

> what happens when Elon starts his own platform He wouldn't bother because it'd be a failure. Twitter's tech stack isn't worth 40 billion, Musk could clone twitter for less than $500m, but just having a platform doesn't accomplish much, the overwhelming majority of twitter users have no reason to leave twitter.

Parler didn't fail because it was unable to attract a userbase.

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#668

Earlier quoted context omitted.

Yeah but that analysis downplays the shareholders’ thoughts about the future. If they largely feel like Twitter’s real value is $100B, that it just hasn’t been realized yet, and that they think it can be realized, then it totally makes sense to turn Elon down. In reality though, the shareholders are a giant mob of people with wildly varying views about Twitter’s place in society, its true value as an asset, its abili…

It is the _directors_ making decisions here, not the shareholders. Those directors were chosen by management, and -- newsflash! -- they are beholden to management. They must jump through some legal hoops to discharge their fiduciary duties and protect themselves from lawsuits, but at the end of the day they'll do what management wants. Does management want to maximize the value of Twitter? Er, no. Management wants to…

> It is the _directors_ making decisions here, not the shareholders. Those directors were chosen by management, and -- newsflash! -- they are beholden to management.

Shareholders can appoint, remove or replace directors, or even the entire board.

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#669

Earlier quoted context omitted.

Generally, things get harder as you scale because something that would have taken a new Postgres table has become a distributed systems problem. You also hit diminishing returns with new features and user growth, but when you have hundreds of ~~billions~~ millions of users, even marginal engagement gains can multiply out to something big, so you have a lot of teams working on features that might move the needle a bit…

Hundreds of billions? Is there a source to this idea that Twitter has these numbers?

Nice catch. Yes, millions.

Re: Twitter board adopts poison pill after Musk’s $43B bid to buy company

#670

Earlier quoted context omitted.

It is naive to think that shareholder lawsuits will win. Have you looked at some crazy behaviours from Musk? Like how he teased SEC. How he tried to falsely accuse British diver as a child rapist. Not to mention, the price isn't that good. There were people who bought at 70 a few months ago. Offering at 44 is kinda meh. If musk offered 1000 per share, then the lawsuit may have had some weight.

> falsely accuse British diver as a child rapist Let's be specific, "pedo guy". And that was an insult in response to an equally profane insult from the other guy. Two wrongs don't make a right, but he apologized and people who have said equally bad or worse things also occupy high places...

This is not insult. It is malicious intent.

Weeks later someone talked to musk about it, and he replied "Bet ya signed dollar it's true".

Elon also hired private investigator to dig dirt on the diver but found nothing.

https://techcrunch.com/2018/07/15/elon-musk-tweets-hell-bet-...

Musk also emailed BuzzFeed reporter suggesting that the diver was a child rapist. Source: https://www.buzzfeednews.com/article/ryanmac/elon-musk-cant-...

Some of my friends even said that musk was this confident, maybe musk knew something we didn't.

His excuse in court saying that "pedo guy" is just a common insult in Africa. Nobody in Africa uses this term.

The BuzzFeed email wasn't included in court because it wasn't public communication. Okay, dude, great justice system.

Please stop simping for musk. This person tried to destroy innocent lives with false pedophile accusation.

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