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Twitter CEO fires two top executives, freezes hiring

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Re: Twitter CEO fires two top executives, freezes hiring

#811

Post by VirusNewbie »

genmud wrote: post #653
VirusNewbie wrote: post #614

Earlier quoted context omitted.

>(not the least of which was the internal 'sacred cow' that all things must be built with Scala) Lol wtf, why should a product person have any say in programming languages?

As a product person, if the engineering leadership has a personal preference and it impacts the ability to deliver features... I'm not sure why they wouldn't push back.

Err, is the accusation that engineering says “we want to keep Scala but it is slowing us down”? Because i think it is way more likely that product people are saying stupid shit like “well at my last company we used PHP and we churned out features twice as fast!”

Re: Twitter CEO fires two top executives, freezes hiring

#812

Post by sunjester »

FooBarBizBazz wrote: post #784
IAmGraydon wrote: post #734

Earlier quoted context omitted.

I think there's a part of the HN population that has delusions of becoming billionaires one day, so they talk about tens of millions like it's not much. They'll likely never have either.

Financial security in the Bay Area requires a house there ($2-3M, nowadays) plus $COST_OF_LIVING/4%. This is easily $5M net worth. It's in "two Googlers and a successful exit at some point earlier" territory. Granted, this threshold is less than $10M, but it isn't orders of magnitude less All of which is to say that it is basically impossible to stay in the Bay long-term unless you make an absolute fuckton of money.…

financial security is subjective.

Re: Twitter CEO fires two top executives, freezes hiring

#813

Post by FooBarBizBazz »

cromd wrote: post #806
FooBarBizBazz wrote: post #784

Earlier quoted context omitted.

Financial security in the Bay Area requires a house there ($2-3M, nowadays) plus $COST_OF_LIVING/4%. This is easily $5M net worth. It's in "two Googlers and a successful exit at some point earlier" territory. Granted, this threshold is less than $10M, but it isn't orders of magnitude less All of which is to say that it is basically impossible to stay in the Bay long-term unless you make an absolute fuckton of money.…

If you put $5M in index funds, you’d grow it by about $400k a year (8%) on average, to start. It’s hard to imagine going broke with that by doing “normal middle class” things. For added security, one could add in a part-time job.

8% is extremely optimistic. 4% is more like it, maybe even 3.5%. I'll use 4% for what follows. That's $200k. Take out 20% LTCG, now you're at $160k.

Rent is like $3k/mo, so $36k/yr. Say you have modest living expenses of another $34k/yr. Now you're at $70k/yr to break even. That leaves you with $90k to save/compound.

So, ok, you're doing very well as a renter with $5M invested, even in the Bay Area. And, given that you have more than twice the income you need, you'd probably be ok with only $2-2.5M. As in, breaking even with passive income.

Which would work so long as you don't want to own a house, and so long as markets don't melt down. That extra security seems to cost extra.

Re: Twitter CEO fires two top executives, freezes hiring

#814

Post by throwawayboise »

sokoloff wrote: post #749
throwawayboise wrote: post #657

Earlier quoted context omitted.

And the Leaf looks like the typical electric cross between a clown car and a golf cart. The Roadster was based on a Lotus Elise. It looked great.

If you took the badges off, I think most people would have a hard time telling the LEAF (EV) and a Versa (ICE) apart. The LEAF is no 911 or Jaguar E-type, but it's not a "hey, look at me; I'm electric!" clown car either.

Maybe the current generation. I recall the original Leaf looking very clown-car-ish but I guess that's subjective.

Re: Twitter CEO fires two top executives, freezes hiring

#815

Post by Traster »

AviationAtom wrote: post #565
fleddr wrote: post #480

Just a spring cleaning that is about a decade late. Twitter under-performs in every aspect imaginable: financially, product quality, product innovation. Nothing ever gets released and whilst this pace has improved in recent years, those "innovations" don't really deliver. They're barely used, copycats from other apps, and so on. Meanwhile, age-old problems are never addressed, like bots and the extremely hostile mob…

I've learned that, when speaking with a certain half of society, any narrative other than Twitter's future being bleak, and it current state good, is not accepted. Twitter has huge monetary potential, and adoption potential (beyond the niche audience it current has), but if the status quo is kept them that potential will likely never be realized.

Honestly I've not heard anyone say that Twitter's current state is good. Yo're literally taling about a company that has somehow managed to stay flat whlist all their competitors are up multiples. Sure, people think Musk won't make it better, but no one thinks twitter is doing well.

Re: Twitter CEO fires two top executives, freezes hiring

#816

Post by p1esk »

aetherson wrote: post #777
p1esk wrote: post #744

Earlier quoted context omitted.

Most people spend proportionally to what they earn, so I don't see why one year salary should necessarily provide the lifetime of financial security, regardless of what that salary is.

There comes a point where it becomes increasingly difficult to "spend what you earn." I mean, you can do it with dedicated effort, of course, but even if you're very in-the-bubble, it's hard to think of buying ultra-expensive commodities (boats, art, highly expensive cars), or your third or fourth house, or other things that can plausibly eat up tens of millions of dollars in a year, in the same category as, like, "W…

There comes a point where people start buying things like Twitter.

Re: Twitter CEO fires two top executives, freezes hiring

#817

Post by FooBarBizBazz »

stackbutterflow wrote: post #803
FooBarBizBazz wrote: post #784

Earlier quoted context omitted.

Financial security in the Bay Area requires a house there ($2-3M, nowadays) plus $COST_OF_LIVING/4%. This is easily $5M net worth. It's in "two Googlers and a successful exit at some point earlier" territory. Granted, this threshold is less than $10M, but it isn't orders of magnitude less All of which is to say that it is basically impossible to stay in the Bay long-term unless you make an absolute fuckton of money.…

You don't have to live in the Bay Area. You don't have to commute since they were talking about retiring with $42 millions.

Fair. Anybody with $42M has it made, anywhere.

Re: Twitter CEO fires two top executives, freezes hiring

#818

Post by kortilla »

sudosysgen wrote: post #665
paganel wrote: post #325

Earlier quoted context omitted.

> There are competitive cars vs tesla for electric It is my belief that those "competitive cars" wouldn't have happened if it hadn't been for Tesla.

That is quite unreasonable to expect. The Renault Zoe came out at around the same time as the Model S and had over 150km of reasonable range, at half the price a Model 3 sells at today. It was already competitive.

150km of range is wet shit

Re: Twitter CEO fires two top executives, freezes hiring

#819

Post by zymhan »

dillondoyle wrote: post #797
jdavis703 wrote: post #402

Earlier quoted context omitted.

Many states in the US have family leave (including paternity leave). California is more than 10% of the US population and the rules for paternity leave are extremely broad: - Welcomed a new child into the family in the past 12 months through birth. - Paid into State Disability Insurance (noted as "CASDI" on most paystubs) in the past 5 to 18 months. - Not taken the maximum eight weeks of PFL in the past 12 months Ins…

It's only through birth? I didn't know that and would have expected CA to do better. E.g. adopting a young child or baby. And does surrogacy count as birth?

Maybe it's trying to rule out "gaining" a child through marriage (i.e. a step child)?

Re: Twitter CEO fires two top executives, freezes hiring

#820

Post by bigDinosaur »

ilamont wrote: post #262
kyledrake wrote: post #189

I've been using Twitter since it's main novelty was that it was a successful Ruby on Rails app, and honestly I've been trying to figure out where the exit is for my personal use of Twitter lately. If the acquisition goes through, Twitter won't make enough money to service it's debt, and the things they will do to fix that are pretty much guaranteed to lower the quality of the platform, which frankly has never worked…

> I also think the proposal to have Twitter allow all content that is "legal under US law" is a dangerous idea for the platform being a healthy community that most people actually want to participate in. This is key. If @dang suddenly threw up his hands and said "anything goes on HN within U.S. law" this wonderful virtual discussion forum would die and most of us would sign off forever. I say that as someone whose be…

One major benefit to HN is that it is text only. There's a lot of 'legal, but horrific to look at' imagery which gets moderated out on other platforms but here is not possible in the first place (excepting external links).
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