The biggest snowflake of them all. Worth the 44B purchase just to get rid of him.Quote:
Originally Posted by devidee
BREAKING: YOEL ROTH OUT AT TWITTER
Let’s GOOOOOOO!!!!
Printable View
The biggest snowflake of them all. Worth the 44B purchase just to get rid of him.Quote:
Originally Posted by devideeBREAKING: YOEL ROTH OUT AT TWITTER
Let’s GOOOOOOO!!!!
Breaking News: Twitter employees are upset because Musk is gonna actually make them work.
I think he's gonna reduce headcount by 75%. If he can successfully pull that off, I don't see why other big tech firms wouldn't follow his lead. The shareholders are gonna demand it.
Quote:
Originally Posted by Small_Banana
food for thought... if twitter declares bankruptcy i believe it freezes the debt payments on the 27bn loans he took out.
need a venn diagram of the overlap of celebrities who said they were moving to canada when trump won, but still live in the u.s. and those saying that they're leaving twitter
Yeah, but this deal allowed Musk the legal wiggle room to unload a massive amount of fraudulently price-inflated Tesla shares. So even at such a steep valuation drop, he’s probably still well into the black on the matter.Quote:
Originally Posted by sonatine
Elon Musk is firing all the losers that gave me a lifetime suspension on Twitter. I hope it continues. Thank you Elon.
Twitter resignations in the last 24 hours:
- Head of Trust and Safety Yoel Roth
- Sales VP Robin Wheeler
- CISO Lea Kissner
- Chief privacy officer Damien Kieran
- Chief compliance officer Marianne Fogarty
50% of staff fired and Twitter still works. That is a savings of nearly a billion dollars in total compensation. I want all those snowflakes at Twitter unemployed.
Musk will have lost more than SBFQuote:
Originally Posted by MumblesBadly
Apparently twitter is down to 325 employees and could cease working at any moment.
not buying itQuote:
Originally Posted by devideeApparently twitter is down to 325 employees and could cease working at any moment.
Everyone panicking that Twitter is going to permanently close.
I don't see it happening.
Let me count the ways:
1) Twitter can mostly run itself in the short term. Even with the offices closed, and extremely short staffed, all they need to do is keep the servers running, and it will be fine while Elon figures out what to do.
2) The employees are not unreplaceable. There are a shitload of programmers, software engineers, and other staff who will gladly take the Twitter job for the right money, even if required to work 12 hours a day. In fact, 12 hour workdays are not uncommon in tech companies, anyway.
3) Elon put $44b into this thing. He's not just going to throw up his hands and shut it down because of some initial adversity.
With that said, he fucked up two things so far:
1) Blue checkmarks. Never had a coherent plan to sufficiently monetize it (lol $8), nor how to prevent impersonation/trolling with it. This has been an embarrassment, and it shouldn't have been hard to get right on the first try.
2) Employee relations. No doubt Twitter was bloated with a lot of do-nothing Silicon Valley wokes mostly wasting the day and collecting a large salary for it. His downsizing decision was correct. However, his messages have been mixed, and he's changing too much, too quickly. His supposed goal in purchasing Twitter was to make it a free speech platform, while also making it profitable. He should have first clearly explained what was and wasn't allowed on Twitter, and then explained the new company vision at an all hands meeting for employees. At that point, he should have given some sort of "transition out in exchange for severance" offer to those who didn't like his vision, in exchange for a non-disparagement agreement. Then, among the remaining employees, he should have determined how many of them he really needed, and done layoffs of extraneous staff. Then, after all of that was stable, he should have started transitioning the new corporate culture of long hours, again with a severance and non-disaparagement agreement for those who did not like it.
The above wouldn't have been perfect, but it would have been a much less painful way to transform the company.
Here he just showed up and haphazardly took a sledgehammer to the entire work culture, and obviously it's not working out well.
Elon, if you are reading this, hit me up on Twitter to offer me a consulting job. But I'm not living in that shithole known as San Francisco. Thanks.
PFA will outlast twitter and is more profitable.
Can you imagine doing ad sales for twitter? Elon prolly fired that guy too.
There is no possible way Elon gets my credit card number for his ill conceived Blue Checkmarks. Same idiot that fired the guy who is responsible for access controls (card reader). Building security is a requirement for PCI Compliance - Securing Credit Card Information
Elon either has no plan or he won’t listen to those under him who do.
Elon loves social media. In the midst of Twitter and running 3 other companies he spends at least an hour mouthing off about SBF-FTX as panelist on a YouTube podcast. Todd loves hot dog on a stick but he doesn’t buy the hot dog stand.
Fail company
Elon says that Twitter traffic is at an all time high. 80% of employees in Corporate America are useless and he knows it. Supposedly the headcount has been reduced by 88%. I don't think he needs more than 500 employees to run it. He should just put it on autopilot right now and not make any changes to the software until all the snowflakes have been purged from the company.
Quote:
Originally Posted by Small_Banana
first they will start pushing features before they are vetted, then they will get hacked for it and lose all their PII which will end up on the darkweb, which they will be sued for failing to meet the minimum compliance standards for protecting eventually, but before that and shortly after they start getting woken up by texts from reporters at theintercept.com at 3am and everyone tries to pile into the slack war room with legal at 3:01am, they will be treated with a skull and crossbones counting down how long they have before the amount of BTC they have to pay to unlock their infrastructure doubles.
Quote:
Originally Posted by sonatineQuote:
Originally Posted by Small_Banana
first they will start pushing features before they are vetted, then they will get hacked for it and lose all their PII which will end up on the darkweb, which they will be sued for failing to meet the minimum compliance standards for protecting eventually, but before that and shortly after they start getting woken up by texts from reporters at theintercept.com at 3am and everyone tries to pile into the slack war room with legal at 3:01am, they will be treated with a skull and crossbones counting down how long they have before the amount of BTC they have to pay to unlock their infrastructure doubles.
ok honestly tho lol at even thinking they stay online long enough for any of that to happen. most of the critical infrastructure = actual literal ghostships; the only staff who knew how to support them who hadnt been laid off resigned today.
an almost impossibly stupid take;
https://twitter.com/stoolpresidente/...50747454177280
Almost as bad as saying Bitcoin was gonna go donkdown when it was below $300.Quote:
Originally Posted by sonatine
i tried to feed them the truth but they had no appetite for it. pity really.Quote:
Originally Posted by Small_BananaAlmost as bad as saying Bitcoin was gonna go donkdown when it was below $300.Quote:
Originally Posted by sonatine
oh also theres an FTX sex tape.
Elon launches rockets into space but running an app for autistic people is beyond his capacity.
This is literally the Big Brains take.
Do twitter employees even lift, bro.
read a great comment from that drudgereport article to the effect of 'im not going to fuck up my family and health to make the worlds richest man richer'.
I’m sure Elon is owning the libs and is building his personal brand.
None of that improves the bottom line. Big national advertisers like Nabisco are gonna take a hard pass as the whole deal grows toxic.
There are agencies that do these buy recommendations and they are never risking a purchase like twitter and jeopardizing their account with the Nabiscos of the world. It is that simple.
Everyone loves twitter but it’s a comparatively little social media outfit and sure as fuck wasn’t worth anywhere near 44b
Quote:
Originally Posted by Sanlmar
i think it had the potential to be a profitable purchase. the original vision that elon laid out was layering new functionality into the app while fixing or removing suboptimal components. and what went wrong, is that elon is all stick / no carrot. he does not know how to lead or inspire, he only knows how to confront and belittle and alienate. imagine offering 90 days severance to people making 200k base salaries and demanding an extra 10-20 hours a week from anyone who stays with absolutely zero extra comp for it. congrats on retaining anyone who cant find a job anywhere else my dude.
and again to small_bananas point about twitter only needing a skeleton crew, that might fly when its a crew who has run the infrastructure from the beginning. but theres a tipping point where so much direct, undocumented knowledge walks out the door that outages become unavoidable, the SDLC pipeline breaks down, and you start getting your compliance certifications knocked because no one's performed the audits to support them.
bezos got rich by essentially getting the world addicted to online shopping. ma got rich by working with the ccp to cook the books. that indian cunt rigged some IPO to 1000x his investment then rugged into the sunset. musk...? musk got rich because wallstreetbets realized the greeks on tesla options were exploitable, it was just a memestock that musk happened to own a pile of.
whats our favorite turn of phrase? 'mistaking leverage for genius' was it?
musk is going to give up, the saudi investors are going to quietly step up and hire a normal ceo to hire normal engineers to do normal jobs and twitter app will probably get some curious geolocation hooks included but otherwise be exactly what it was last month, because its been my experience that investors do not, in fact, love to ether billions of dollars because an autist decided to go full alt-right after being turned away at the door at Berghain. never mind that most of the saudi money is probably from kushner.
ugh, anyway, my ES short would have made it if someone hadnt liquidity grabbed me into my stop loss by like 1 tick 30 minutes ago. what a world, what a world.
Last 6 months Dow Jones up 7 percent, nasdaq down 3 percent, Tesla down 26 percent….
Also Twitter is an old person app just like Facebook. The new generation doesn’t give a fuck about it and that’s what makes it a terrible investment. I can’t imagine Elon musk can transform it into something that appeals to them. Unless he turns it into the social media onlyfans.
Twitter is less about any age group and more about entities.Quote:
Originally Posted by BetCheckBet
There is no such thing as an entity. Don’t ever think there is. There is only sex. Everything is sex. You understand that what I’m telling you in a universal truth?Quote:
Originally Posted by devideeTwitter is less about any age group and more about entities.Quote:
Originally Posted by BetCheckBet
Here’s a crazy thought:
Maybe Twitter employees are just giant pussies.
The most popular stocks die last. Apple is next.Quote:
Originally Posted by BetCheckBet
What do you mean by an old person app? I think it's very popular for people in their 20's and 30's.Quote:
Originally Posted by BetCheckBet
I think Elon has made a lot of mistakes but I think him getting people to voluntarily resign was genius. He figured out a way to get rid of the pussies by triggering them.Quote:
Originally Posted by devidee
I don't know how to embed tweets so I will just paste it:
"Supposedly Twitter has lost 90% of its staff (7.5k to 750).
The fear is this app stops working soon.
Or is the real fear that it does not and it sends a powerful message to the rest of Silicon Valley, and even all of corporate America, about true staffing needs?"
---------------
If Twitter succeeds by reducing headcount by 90%, every activist and major shareholder on Wall Street is gonna be demanding the same out of Google, Amazon, Apple, META, etc.
Late twenties perhaps.Quote:
Originally Posted by Small_BananaWhat do you mean by an old person app? I think it's very popular for people in their 20's and 30's.Quote:
Originally Posted by BetCheckBet
But when you are looking forward the real golden age is late teens to early twenties for influencers. Those are the ones that are not only going to draw in new users but also stay on the platform for decades. All the successful apps have managed to do this including Facebook (initial users all in this age range). For new upcoming trends executives are always looking at this demographic.
I happen to know a lot of individuals in this range and it remains dominated by instagram and Snapchat right now. To a lesser extent discord as well. In fact a lot of them may have had Twitter accounts years ago but have given up on them now. It’s just not seen as a cool app. Look at all the top Twitter accounts and with a few exceptions they have limited appeal to this Age group. Twitter was big because it was one of the first mobile apps but it really doesn’t serve a purpose anymore outside of name recognition.
I will give it to Elon for recognizing this and wanting to restructure the platform. But he’s not the guy to do it.
I will however acknowledge that crypto played a significant role in revitalizing Twitter. Oh and sex work of course. But hey what part of the internet isn’t boosted by sexwork? I guess maybe Wikipedia.
Quote:
Originally Posted by Small_Banana
this is a super valid dynamic during market crashes and falls apart everywhere else because corporations rely on lux head counts to justify greater vc investment.
in 6 months, the activist investors will simply be on the sidelines watching everyone else get rich on their NQ ponzis.
again.