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I resigned from Twitter

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Re: I resigned from Twitter

#81

Post by user-the-name »

nscalf wrote: post #75
Cthulhu_ wrote: post #52

Earlier quoted context omitted.

> it never felt like it was being done for the benefit of the users of each platform. Cynically, I'm yet to see any crypto that benefits anyone but the people that invented it (they benefit the most) and the savvy traders trying to make a buck (and sometimes succeeding at the expense of others).

This is a pretty uninformed take. There are all sorts of projects made in crypto: collectibles, music, art, gaming, loans, mortgages, debit cards with rewards, social media, wifi networks, anti-fraud, food security, etc. And many projects have a large donation component to them.

All of which don't "benefit anyone but the people that invented it and the savvy traders trying to make a buck". He got it right the first time, and you are just falling for the dishonest rationalisations of crypto scammers.

Re: I resigned from Twitter

#82

Post by [deleted] »

toomuchtodo wrote: post #33
ryzvonusef wrote: post #28

> you're not going to be able to give the focus a solo CEO is How the fuck does Elon do it then? The mf has like four concurrent organizations under his helm. > I think the bigger issue is who gets to replace him: will it be someone with smart ideas or someone to serve as a puppet of activist investors? The rising stock price implies yes. Elliot MG has been desperate to make twitter the next mega app. Expect payment…

> How the fuck does Elon do it then? The mf has like four concurrent organizations under his helm. Tesla = primary concern | SpaceX = Gwynne Shotwell (Prez & COO) | Boring Company/Neuralink ["Labs" projects] = funsies

[deleted]

Re: I resigned from Twitter

#83

Post by user-the-name »

0des wrote: post #61
Cthulhu_ wrote: post #52

Earlier quoted context omitted.

> it never felt like it was being done for the benefit of the users of each platform. Cynically, I'm yet to see any crypto that benefits anyone but the people that invented it (they benefit the most) and the savvy traders trying to make a buck (and sometimes succeeding at the expense of others).

> benefits anyone but the people that invented it Same could be said about social networks.

That makes no sense whatsoever.

Re: I resigned from Twitter

#85

Post by AbsoluteNonce8 »

ryzvonusef wrote: post #28

> you're not going to be able to give the focus a solo CEO is How the fuck does Elon do it then? The mf has like four concurrent organizations under his helm. > I think the bigger issue is who gets to replace him: will it be someone with smart ideas or someone to serve as a puppet of activist investors? The rising stock price implies yes. Elliot MG has been desperate to make twitter the next mega app. Expect payment…

1 point by AbsoluteNonce8 0 minutes ago | root | parent | next | edit | delete [–]

I think the secret is having some really stellar #2’s. Gwynne Shotwell Does wonders for space-x giving Elon the space to focus on the non-boring next-gen stuff. Jack had the same with Sarah Friar at Square but she left for Nextdoor. He also used to have Anthony Noto doing the company building at Twitter but he left for Square? But honestly, Elon’s probably an anomaly and no one else could match that ethic and sprawl

Re: I resigned from Twitter

#86

Post by 6gvONxR4sf7o »

AbsoluteNonce8 wrote: post #64
xiphias2 wrote: post #54

Earlier quoted context omitted.

Twitter is 3x in 5 years, while S&P 500 is 2x in 5 years...It's not awesome, but I wouldn't call it underperforming...it's the same growth as Facebook. Elon was kept only because he didn't give away founder control. At the end outside MBAs always try to take over and destroy the companies.

Not really :). 5 years is a pretty arbitrary, flattering timeline. Twitter is +18% all time growth. Facebook doubled a billion to 2B then to 3B users. In the same time span Twitter plateaud their user growth. Love the product, but the company is horrific in building things. The 3x growth is only because they finally figured out monetization 7-8 years post ipo and rode the rising Ad wave that lifted all CPMs across Sn…

While I agree that Musk’s hockey stick stocks mean removing him would piss of the people who could remove him, removing Dorsey because twitter isn’t a great stock seems weird. Stock matters for fundraising and for compensation, and as long as that stuff is working, the rest of the stock considerations should be secondary. Obviously they aren’t secondary to investors and investors have disproportionate power, but it still seems stupid.

Re: I resigned from Twitter

#87

Post by zz865 »

mathattack wrote: post #11

The stock popped 10%. Is this a vote of confidence against him or for whoever has been waiting in the wings? There has been enough agitation against him by the activists that this can’t be a surprise.

> stock popped 10%

stock is back to where it was a week ago, and is still lower than most of the year. These headlines are meaningless.

Re: I resigned from Twitter

#88

Post by perardi »

ryzvonusef wrote: post #28

> you're not going to be able to give the focus a solo CEO is How the fuck does Elon do it then? The mf has like four concurrent organizations under his helm. > I think the bigger issue is who gets to replace him: will it be someone with smart ideas or someone to serve as a puppet of activist investors? The rising stock price implies yes. Elliot MG has been desperate to make twitter the next mega app. Expect payment…

I was under the impression that, at SpaceX, Musk is the “vision guy”, and Gwynne Shotwell is doing the nitty-gritty day-to-day operations.

https://www.wired.com/story/how-elon-musk-gwynne-shotwell-jo...

As for Neuralink and The Boring Company…well, I am typing this, not using my brain-machine interface, and my friend took the Blue Line from O’Hare this morning, and not some underground supertrain.

https://www.chicagotribune.com/business/ct-biz-elon-musk-hyp...

Re: I resigned from Twitter

#89

Post by nscalf »

user-the-name wrote: post #81
nscalf wrote: post #75

Earlier quoted context omitted.

This is a pretty uninformed take. There are all sorts of projects made in crypto: collectibles, music, art, gaming, loans, mortgages, debit cards with rewards, social media, wifi networks, anti-fraud, food security, etc. And many projects have a large donation component to them.

All of which don't "benefit anyone but the people that invented it and the savvy traders trying to make a buck". He got it right the first time, and you are just falling for the dishonest rationalisations of crypto scammers.

Products don’t benefit the user? Honestly, what is your stance here? It seems like your stance is “crypto bad”. Yes, people who made a product benefited, as did investors. How is that dishonest? Audius has 5m monthly users, please explain why 5 million people use something they get no benefit from.

Re: I resigned from Twitter

#90

Post by boringg »

nscalf wrote: post #75
Cthulhu_ wrote: post #52

Earlier quoted context omitted.

> it never felt like it was being done for the benefit of the users of each platform. Cynically, I'm yet to see any crypto that benefits anyone but the people that invented it (they benefit the most) and the savvy traders trying to make a buck (and sometimes succeeding at the expense of others).

This is a pretty uninformed take. There are all sorts of projects made in crypto: collectibles, music, art, gaming, loans, mortgages, debit cards with rewards, social media, wifi networks, anti-fraud, food security, etc. And many projects have a large donation component to them.

Says the people who are downstream of the founders/traders of crypto but upstream the final bag holders.

The game is - the more people/demand who come into the place, the greater the asset value. Earliest in benefit the most.

Sure there are benefits from crypto (but those are mostly a distraction for its core use case and a way for murky individuals to validate investments to the real bagholders) but the costs and the model works in that you keep having to find more people to buy into the asset class in order to validate the most recent purchases.

In traditional equities - you get some kind of return on your investment through traditionally dividends/share buybacks from profits generated from the business - right now its a lot of capital appreciation not to dissimilar to what I described above (i.e. TINA)

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