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NFT: Twitter closes offices due to mass exodus of employees

montanagiant : 11/18/2022 2:26 am
I have seen some CEOs make bad decisions over a period of time. But this has to be the first time I have seen a CEO who has made horrendous decision after decision in such a condensed time.
Quote:
TWITTER OFFICES ARE shutting down and employees are leaving in droves following an ultimatum from Elon Musk on Wednesday. The CEO asked Twitter employees to either commit to an “extremely hardcore” culture at the company that involves “long hours at high intensity” or leave with severance, the Verge reported. Anyone who did not sign the pledge by 5 p.m. ET Thursday would reportedly receive three months of severance pay, The Washington Post reported.

Hours before the curtain call, hundreds of resignations rolled in, according to the New York Times. And as waves of employees opted for the three months severance pay, Twitter later announced via email that it would close its office buildings and disable employee badge access until Monday.

Before the Thursday deadline, Musk and his advisers held meetings with “critical” Twitter employees in an attempt to dissuade them from leaving, reports say. He also seemed to retreat on his stance on not allowing people to work from home in confusing messages about the company’s remote work policy.

The Twitter exodus follows the growing list of changes that have fallen on the company since Musk’s $44 billion takeover. Earlier this month, Musk fired top executives, slashed off half of the workforce, and fired any remaining staff who dared to bruise his ego on Twitter.

LINK - ( New Window )
In a weird way  
allstarjim : 11/18/2022 2:32 am : link
If Musk completely burns down Twitter, he might have done more for humanity since the invention of the internet. This is Nobel Peace Prize shit. The world was fine before Twitter, it will be just fine after it.
I  
jtfuoco : 11/18/2022 2:57 am : link
Trust that elon knows how to run a business more then the ones questioning his decision making
Elon  
armstead98 : 11/18/2022 3:13 am : link
What a disaster this has been. Last night he basically admitted to lighting $44bn on fire with this purchase.

Also his reputation has taken a massive hit and so has Tesla as a result. We’re looking at one of the biggest business disaster in history.
Really? Twitter still seems to be working?  
George from PA : 11/18/2022 3:22 am : link
Wiping out 90% of non vital employees.....

And begging 10% of vital employees....to stay....I am sure with nice bonuses etc......will prove to be a great move.

I suspect will make Twitter very profitable.

Preventing anyone from accessing vital programming so Twitter continues working....seems reasonable.
Every company has dead wood  
cjac : 11/18/2022 3:54 am : link
I’ve never seen a CEO get rid of this many shitty employees in this amount of time. I think when it shakes out these decisions he’s making is going to work out just fine.
It's become obvious how absurdly bloated Twitter's workforce is  
Greg from LI : 11/18/2022 4:44 am : link
And how absurdly pampered, as well
Here is another part of this that I love.  
cjac : 11/18/2022 4:45 am : link
Quote:
and fired any remaining staff who dared to bruise his ego on Twitter.


I’d like to see the examples of employees who trashed their CEO on social media and didn’t get fired.
RE: In a weird way  
DefenseWins : 11/18/2022 5:32 am : link
In comment 15911672 allstarjim said:
Quote:
If Musk completely burns down Twitter, he might have done more for humanity since the invention of the internet. This is Nobel Peace Prize shit. The world was fine before Twitter, it will be just fine after it.


Agree...

These people were not working. There are probably about 50 people total who will need to be kept. They do not manufacture anything.

It is a website... period. It needs to work. You have people monitoring. You have people who are involved with advertising sales.

The prior owners turned it into an unsustainable resource sucking machine. Stock holders had no idea what was happening there. All of these useless employees leaving is the best thing that can happen.
RE: In a weird way  
Route 9 : 11/18/2022 5:38 am : link
In comment 15911672 allstarjim said:
Quote:
If Musk completely burns down Twitter, he might have done more for humanity since the invention of the internet. This is Nobel Peace Prize shit. The world was fine before Twitter, it will be just fine after it.


Yep. Fuck Twitter.
RE: RE: In a weird way  
DefenseWins : 11/18/2022 5:51 am : link
In comment 15911684 Route 9 said:
Quote:
In comment 15911672 allstarjim said:


Quote:


If Musk completely burns down Twitter, he might have done more for humanity since the invention of the internet. This is Nobel Peace Prize shit. The world was fine before Twitter, it will be just fine after it.



Yep. Fuck Twitter.


Twitter and Facebook are responsible for so much of the horrible shit today.
I agree w most  
OBJRoyal : 11/18/2022 5:56 am : link
Not sure how this will turn out to be a bad thing for Musk
RE: Every company has dead wood  
LakeGeorgeGiant : 11/18/2022 6:05 am : link
In comment 15911680 cjac said:
Quote:
I’ve never seen a CEO get rid of this many shitty employees in this amount of time. I think when it shakes out these decisions he’s making is going to work out just fine.


Please explain in the space below how exactly you are privy to the work ethic of the employees that have departed twitter, and also how you know which ones left, which did not, and which ones were shitty.

Unless you are talking out your ass because this sort of comes off as "old conservative guy hates twitter and likes rich people".

Go...

RE: RE: Every company has dead wood  
robbieballs2003 : 11/18/2022 6:10 am : link
In comment 15911687 LakeGeorgeGiant said:
Quote:
In comment 15911680 cjac said:


Quote:


I’ve never seen a CEO get rid of this many shitty employees in this amount of time. I think when it shakes out these decisions he’s making is going to work out just fine.



Please explain in the space below how exactly you are privy to the work ethic of the employees that have departed twitter, and also how you know which ones left, which did not, and which ones were shitty.

Unless you are talking out your ass because this sort of comes off as "old conservative guy hates twitter and likes rich people".

Go...


How is this any different than a new GM and HC in football that comes in and get rid of as many people as possible? Fans are always calling for that to happen.
This is more about Musk than Twitter  
AnnapolisMike : 11/18/2022 6:29 am : link
A lot of people are just tired of his act and want to see him taken down a peg.
RE: RE: Every company has dead wood  
DefenseWins : 11/18/2022 6:34 am : link
In comment 15911687 LakeGeorgeGiant said:
Quote:
In comment 15911680 cjac said:


Quote:


I’ve never seen a CEO get rid of this many shitty employees in this amount of time. I think when it shakes out these decisions he’s making is going to work out just fine.



Please explain in the space below how exactly you are privy to the work ethic of the employees that have departed twitter, and also how you know which ones left, which did not, and which ones were shitty.

Unless you are talking out your ass because this sort of comes off as "old conservative guy hates twitter and likes rich people".

Go...


I know you did not ask me and your question was directed to cjac. However, here is my answer..

1. There are videos out there of twitter employees sharing how their day is filled with nothing and virtually no work. Breakfast time, nap time, etc. You can see it for yourself. They created a culture of entitlement.

2. He did not fire anyone. He said (in summary), if you want to stay here you will need to commit to working hard. If you dont want to work hard, you can quit and get a severance package. So, the shitty or lazy employees are flushing themselves out by quitting. Anyone worth keeping is not afraid of hard work and is likely choosing to stay. There is NOBODY working there who cannot be replaced with someone better. Now, Twitter can hire who they want. It is a huge win.
RE: RE: Every company has dead wood  
section125 : 11/18/2022 6:34 am : link
In comment 15911687 LakeGeorgeGiant said:
Quote:
In comment 15911680 cjac said:


Quote:


I’ve never seen a CEO get rid of this many shitty employees in this amount of time. I think when it shakes out these decisions he’s making is going to work out just fine.



Please explain in the space below how exactly you are privy to the work ethic of the employees that have departed twitter, and also how you know which ones left, which did not, and which ones were shitty.

Unless you are talking out your ass because this sort of comes off as "old conservative guy hates twitter and likes rich people".

Go...


Seems to be working pretty well without all these people, isn't it?
I would say, that if the company calls you back in and you refuse, then you are probably pampered. I understand how it is nice to be able to work from home, but the reason has ended. You know as well as I do that it is much easier to "fuck off" while at home than it is from the office - you know - like putting in your eight hours.

Yes, Elon is a bull in a china shop at the moment. He is used to people building something and creating products vs a people centered comms company. I would bet his people skills suck, but I also bet he works his ass off and expects his employees to do so, too. The people that left, pretty obviously, did not want to commit to his type of work ethic. But as you know, nature abhors a vacuum, and there will be people that will take those jobs. I will also bet the pay scale goes up when the deadwood leaves. Less people means more available money in the payroll(a lot apparently).

RE: RE: Every company has dead wood  
cjac : 11/18/2022 6:40 am : link
In comment 15911687 LakeGeorgeGiant said:
Quote:
In comment 15911680 cjac said:


Quote:


I’ve never seen a CEO get rid of this many shitty employees in this amount of time. I think when it shakes out these decisions he’s making is going to work out just fine.



Please explain in the space below how exactly you are privy to the work ethic of the employees that have departed twitter, and also how you know which ones left, which did not, and which ones were shitty.

Unless you are talking out your ass because this sort of comes off as "old conservative guy hates twitter and likes rich people".

Go...


i originally invested in twitter when it went public. After a really deep dive into what was going on
, i got out, i did not own the stock for very long at all. So i actually did some work here.

You can assume whatever you like about me.

Also, you come off as a sanctimonious jerk

Musk brought back two key employees  
fivehead : 11/18/2022 6:50 am : link
...
Musk allows employees back to Twitter - ( New Window )
Even if Twitter survives  
RCPhoenix : 11/18/2022 6:55 am : link
It’s not going to be worth anything close to $44 billion. Musk took a massive hit anyway you look at it.



Maybe Twitter was an easy job  
AnnapolisMike : 11/18/2022 6:56 am : link
But I imagine many jobs required a high degree of technical knowledge. Firefighters can screw around when there is not a fire or emergency. Excess staff is there when the shit hits the fan.

The same can be said for employees in tech companies. It's really important to keep the site up and free of BS that will keep advertisers away. I have no idea what the staffing requirements at Twitter should be. But if the site becomes toxic to advertisers for reasons of public image or technical issues...The party is over.
RE: Even if Twitter survives  
DefenseWins : 11/18/2022 7:05 am : link
In comment 15911697 RCPhoenix said:
Quote:
It’s not going to be worth anything close to $44 billion. Musk took a massive hit anyway you look at it.




This assumes he was looking at this purely as a business investment. He would not be the first billionaire who was spending money to shape culture.

Just think about how much money billionaires spend to fund "initiatives" they believe in which have no monetary return for them.
RE: Maybe Twitter was an easy job  
DefenseWins : 11/18/2022 7:07 am : link
In comment 15911699 AnnapolisMike said:
Quote:
But if the site becomes toxic to advertisers for reasons of public image or technical issues...The party is over.


If Twitter provides companies with access to people and the advertising dollars return an investment for them, there will ALWAYS be advertisers. The companies that put ideology before profits will probably stay away for a while... but they will eventually be back.
RE: RE: RE: In a weird way  
pjcas18 : 11/18/2022 7:08 am : link
In comment 15911685 DefenseWins said:
Quote:
In comment 15911684 Route 9 said:


Quote:


In comment 15911672 allstarjim said:


Quote:


If Musk completely burns down Twitter, he might have done more for humanity since the invention of the internet. This is Nobel Peace Prize shit. The world was fine before Twitter, it will be just fine after it.



Yep. Fuck Twitter.



Twitter and Facebook are responsible for so much of the horrible shit today.


yeah, I couldn't agree more, it's definitely the technology, those apps are responsible for it, not the human beings who actually misuse those sites to say or do horrible things.

It's like when I see a drunk driver I immediately blame cars.

People in America, or maybe everywhere I don't know, have a convenient habit of blaming inanimate objects incapable of carrying out actions for a lot of bad human behavior.


Lol  
RicFlair : 11/18/2022 7:09 am : link
Why am I surprised?
RE: Even if Twitter survives  
section125 : 11/18/2022 7:11 am : link
In comment 15911697 RCPhoenix said:
Quote:
It’s not going to be worth anything close to $44 billion. Musk took a massive hit anyway you look at it.




Why wouldn't it survive? It was a one way street to begin with. Only difference is that it is not a one way street now. A large percentage of the traffic that was excluded before can participate while the other 50% is still able to participate. Probably a net gain of available participants.

Seems to me advertisers would like to reach a larger percentage of the population.
I also think this is going to make Twitter more popular..  
DefenseWins : 11/18/2022 7:13 am : link
you are hearing people say they are leaving the platform and wont use twitter. I do not think they can stay away for very long. They are addicted.

It reminds me of this scene from Howard Stern's Private Parts movie when they were discussing the ratings. I think Elon Musk and Twitter may fall into this category.

Watch the very short video
Movie clip - ( New Window )
RE: Maybe Twitter was an easy job  
pjcas18 : 11/18/2022 7:14 am : link
In comment 15911699 AnnapolisMike said:
Quote:
But I imagine many jobs required a high degree of technical knowledge. Firefighters can screw around when there is not a fire or emergency. Excess staff is there when the shit hits the fan.

The same can be said for employees in tech companies. It's really important to keep the site up and free of BS that will keep advertisers away. I have no idea what the staffing requirements at Twitter should be. But if the site becomes toxic to advertisers for reasons of public image or technical issues...The party is over.


Do you work in tech? I have worked in tech for 30 years - everything from "brick and mortar" tech which seems like an oxymoron but its not to 25 person start ups), and I have never once worked in a tech company who kept people around for "when shit hits the fan" - people have jobs or they're excess margin and get let go.

Many tech companies actually do have "fat" though and when time comes they trim the fat (ask anyone who works at IBM about this - they do it every quarter), and maybe tech doesn't run quite as lean as something like retail, but it seems like the picture in your mind of firemen hanging out in a fire dept waiting for a fire to put out and equating it to tech is about as big a miss as possible (in my experience).

I do know people who work at twitter and I read a lot about them on places like glassdoor and it sounds like a country club.

I don't know Musk's plan, but if I had to pick a way this turns out, I'd side with Musk over the less informed, experienced, and leveraged opinions on here (or anywhere).
RE: RE: Even if Twitter survives  
RicFlair : 11/18/2022 7:14 am : link
In comment 15911707 section125 said:
Quote:
In comment 15911697 RCPhoenix said:


Quote:


It’s not going to be worth anything close to $44 billion. Musk took a massive hit anyway you look at it.






Why wouldn't it survive? It was a one way street to begin with. Only difference is that it is not a one way street now. A large percentage of the traffic that was excluded before can participate while the other 50% is still able to participate. Probably a net gain of available participants.

Seems to me advertisers would like to reach a larger percentage of the population.



Quote:
In the meantime, reports continue to emerge of major advertisers freezing their spending on Twitter or leaving the platform entirely. The largest media buyer in the world rates Twitter a “high risk” platform, and companies such as Apple and McDonald’s are being told they should pause any ad buys. Luxury brand Balenciaga and theatrical guidebook Playbill are among the recent brands to quit the platform entirely.


https://www.grid.news/story/technology/2022/11/15/internal-twitter-documents-show-scope-of-advertisers-questions-about-elon-musks-policies/





Yeah advertisers are loving this.
RE: RE: RE: RE: In a weird way  
cjac : 11/18/2022 7:17 am : link
In comment 15911704 pjcas18 said:
Quote:


People in America, or maybe everywhere I don't know, have a convenient habit of blaming inanimate objects incapable of carrying out actions for a lot of bad human behavior.



Well said
Also  
pjcas18 : 11/18/2022 7:20 am : link
I read the offices were closed not due to mass exodus of employees, but so Musk could harden security because many employees had (privately?) expressed plans to sabotage the app.

The one major change he has made that I think he will back off or should back off is the work in the office policy.

I don't know how broad that goes (like into which roles) but it's just unnecessary for many roles and COVID has shown that companies, like Twitter, can survive (and thrive) with full WFH.
RE: Also  
DefenseWins : 11/18/2022 7:24 am : link
In comment 15911714 pjcas18 said:
Quote:
COVID has shown that companies, like Twitter, can survive (and thrive) with full WFH.


Yes.. if you have the right people with the right work ethic.

Another way around this is to have very measurable hurdles and reviews for employees. Establish targets that would prohibit them from just playing video games at home.
RE: RE: Also  
pjcas18 : 11/18/2022 7:33 am : link
In comment 15911718 DefenseWins said:
Quote:
In comment 15911714 pjcas18 said:


Quote:


COVID has shown that companies, like Twitter, can survive (and thrive) with full WFH.



Yes.. if you have the right people with the right work ethic.

Another way around this is to have very measurable hurdles and reviews for employees. Establish targets that would prohibit them from just playing video games at home.


yep, it's not a good fit for everyone.

I also feel like some functions could simply benefit from being together while they work.

I have some customers where people couldn't wait to get back in the office and others who are scrambling to sell or sublease millions of dollars of office space because no one is coming back to an office regularly (and they're fine with it).
I put my money on Musk  
stoneman : 11/18/2022 7:33 am : link
Twitter will rebound - stronger for it.
I will say  
Burt64 : 11/18/2022 7:36 am : link
it's rather amusing watching people believing that Elon, who made self-driving cars, can't make self-driving Twitter.
RE: RE: Maybe Twitter was an easy job  
AnnapolisMike : 11/18/2022 7:41 am : link
In comment 15911709 pjcas18 said:
Quote:
In comment 15911699 AnnapolisMike said:


Quote:


But I imagine many jobs required a high degree of technical knowledge. Firefighters can screw around when there is not a fire or emergency. Excess staff is there when the shit hits the fan.

The same can be said for employees in tech companies. It's really important to keep the site up and free of BS that will keep advertisers away. I have no idea what the staffing requirements at Twitter should be. But if the site becomes toxic to advertisers for reasons of public image or technical issues...The party is over.



Do you work in tech? I have worked in tech for 30 years - everything from "brick and mortar" tech which seems like an oxymoron but its not to 25 person start ups), and I have never once worked in a tech company who kept people around for "when shit hits the fan" - people have jobs or they're excess margin and get let go.

Many tech companies actually do have "fat" though and when time comes they trim the fat (ask anyone who works at IBM about this - they do it every quarter), and maybe tech doesn't run quite as lean as something like retail, but it seems like the picture in your mind of firemen hanging out in a fire dept waiting for a fire to put out and equating it to tech is about as big a miss as possible (in my experience).

I do know people who work at twitter and I read a lot about them on places like glassdoor and it sounds like a country club.

I don't know Musk's plan, but if I had to pick a way this turns out, I'd side with Musk over the less informed, experienced, and leveraged opinions on here (or anywhere).


Nope. Never worked in Tech. And I did state I have no idea what staffing levels at twitter need to be. But most companies in service industries are going to staff to ensure they meet peak expected demand. These cuts at Twitter and other tech companies might not affect service at all. Time will tell.
Doesn’t seem like a disaster to me  
UConn4523 : 11/18/2022 7:43 am : link
seems like it was a necessity
RE: I will say  
mikeinbloomfield : 11/18/2022 7:43 am : link
In comment 15911725 Burt64 said:
Quote:
it's rather amusing watching people believing that Elon, who made self-driving cars, can't make self-driving Twitter.


Hilarious. Musk's "free speech on twitter" was the exact opposite thing advertisers (Twitter's main source of revenue) wanted to hear -- which is why a lot of them reduced their spend -- at the same time that Musk saddled the company with $13 billion in new debt. So, revenue is down, he fired at least half he staff hired to keep advertisers happy, and he owes billions in interest payments soon.

Just a brilliant genius.
I think both can be true  
oghwga : 11/18/2022 7:50 am : link
Elon Musk is the privileged child of emerald minors and also an entitled douchebag who gets too much credit for the success of Tesla as he has gotten fat off of government subsidies.

He can also be a smart visionary who has created some cool things and shepherded in some new ideas.

I'm pretty sure he got hosed in the twitter deal though and is out of his depth here but he'll still be fine.

It's his money he can do what he wants but I remember when he said he could take 6 billion and end world hunger.

A lot of people in our culture seem to celebrate others who act outrageous and troll other people I don't really see the benefit to society at large.
RE: RE: Every company has dead wood  
LauderdaleMatty : 11/18/2022 7:54 am : link
In comment 15911687 LakeGeorgeGiant said:
Quote:
In comment 15911680 cjac said:


Quote:


I’ve never seen a CEO get rid of this many shitty employees in this amount of time. I think when it shakes out these decisions he’s making is going to work out just fine.



Please explain in the space below how exactly you are privy to the work ethic of the employees that have departed twitter, and also how you know which ones left, which did not, and which ones were shitty.

Unless you are talking out your ass because this sort of comes off as "old conservative guy hates twitter and likes rich people".

Go...


I have no idea of their work ethic but the company from an actual business standpoint prior to Musk was an utter failure. When you don’t make money you are a failure. They we’re losing millions and millions. Musk May. E an egotistical loon but I’ll go w his instincts in business over yours and a bunch of employees whose 3 month severance checks will be gone in a month in this economy.


Good luck finding a job folks inthe tech sector right now. Musk risked billions and people who helped drive Twitter into financial ruin are your hero’s ?
RE: Even if Twitter survives  
UConn4523 : 11/18/2022 7:56 am : link
In comment 15911697 RCPhoenix said:
Quote:
It’s not going to be worth anything close to $44 billion. Musk took a massive hit anyway you look at it.




He didn’t buy Twitter to keep in its current format. It’s going to decrease in value in the short term. Long term he has a ton of options on where to take it and that will open up a lot of options to make it even more valuable. Twitter today won’t be the same as Twitter 5 years from now.
AnnapolisMike  
pjcas18 : 11/18/2022 7:56 am : link
tech is not really considered a service industry like retail or hospitality and they don't staff like that (in my experience).

tech companies do not hire for peaks they (most companies) just expect people will do more during any extraordinary events that require more people involvement.

But most peaks events or activities a tech company experiences require hardware or infrastructure expansions not humans (just look at what happened with ticketmaster on this Taylor Swift disaster (I have a 15-year old daughter so that's why I know this), but - just as an example - there was nothing more people were going to help with and that I believe was the biggest "crowd" attempting to access ticketmaster and live nation (?) ever.



People forget  
pjcas18 : 11/18/2022 8:03 am : link
(or didn't know) Musk built his name off x.com (though he had a semi-successful tech startup before this) which later merged with and became PayPal, and eBay acquiring PayPal made him his fortune (the start of it).

Now, some will argue how Musk was out of his depth with PayPal and Thiel was the brains there, and you'd be right from what I have read, but point is it's not like tech is new to him, it's basically where he started - not with Tesla or SpaceX
LOL these threads never disappoint  
Jints in Carolina : 11/18/2022 8:06 am : link
.
You can see the fault lines on this thread  
AnnapolisMike : 11/18/2022 8:12 am : link
Which is probably not long for BBI this morning.

Musk is firmly stating where his social and political views align. He is entitled to do that. But it seems moronic for him to take sides when so much of his business empire (Tesla, Twitter, Space-X) is at stake. These companies are firmly attached to his name. He may think it is fun triggering progressives, but ultimately they are buyers of his vehicles and the ones advertisers avoid pissing off.

Tesla is no longer the only game in town and by most measures is an inferior product at this point. Twitter will not survive as a vehicle for hate and divisiveness. Advertisers are not going to throw money at unmoderated platforms.
RE: RE: I will say  
DefenseWins : 11/18/2022 8:19 am : link
In comment 15911731 mikeinbloomfield said:
Quote:

Hilarious. Musk's "free speech on twitter" was the exact opposite thing advertisers (Twitter's main source of revenue) wanted to hear -- which is why a lot of them reduced their spend


Twitters toxic environment and false user numbers also may be why so many other companies never wanted to advertise on Twitter in the first place. If you remember, Must exposed the issue with the bots well before the purchase date.

For all you know, the changes that will unfold over the next couple of years could actually bring in more (yet different) companies who are willing to advertise. Not to mention other ways to monetize the platform that have yet to be realized.

Maybe you should spend some money today at the market opening and short the Twitter stock. Hold it for a few years and see how much you make.
Kewl  
Spider43 : 11/18/2022 8:19 am : link
Twatter needs to go away anyway.
Musk is a great mind......  
BillKo : 11/18/2022 8:20 am : link
....but he's said some incredibly stupid things along the way with/regarding Twitter.

And very early on, has made some critical mistakes as owner of Twitter.

I think in the end he'll find a compromise with himself and Twitter to make it work.
RE: Musk is a great mind......  
DefenseWins : 11/18/2022 8:22 am : link
In comment 15911753 BillKo said:
Quote:
....but he's said some incredibly stupid things along the way with/regarding Twitter.


+1
RE: AnnapolisMike  
AnnapolisMike : 11/18/2022 8:24 am : link
In comment 15911738 pjcas18 said:
Quote:
tech is not really considered a service industry like retail or hospitality and they don't staff like that (in my experience).

tech companies do not hire for peaks they (most companies) just expect people will do more during any extraordinary events that require more people involvement.

But most peaks events or activities a tech company experiences require hardware or infrastructure expansions not humans (just look at what happened with ticketmaster on this Taylor Swift disaster (I have a 15-year old daughter so that's why I know this), but - just as an example - there was nothing more people were going to help with and that I believe was the biggest "crowd" attempting to access ticketmaster and live nation (?) ever.


Forward facing tech companies like Twitter, Facebook, Amazon, Ticketmaster are most definitely service industries. When those sites go down it is really big news. Ticketmaster is taking it on the chin for being unprepared. Ultimately it was unprepared because the human element did not have it's shit together and ready for the onslaught.
Musk is obviously a really smart guy  
Heisenberg : 11/18/2022 8:27 am : link
but he clearly has been acting in a reckless way here. Yes, Twitter needed cuts but he did this haphazardly and caused problems. His ideas on content moderation and verification were clearly half baked and terrible and in implementing them recklessly, he alienated advertisers. And in trying to change the culture to be more aggressive and ambitious work wise, he appears to have gone a bit too far in alienating the workforce of the company he bought.

Lots of people predicting Twitter demise. I don't see it that way. More likely, it seems like Twitter will just struggle and ride out a bumpy road to becoming a generally worse service. It seems incredibly unlikely that he'll make back his investment. That's fine, I'll just find another place to see Woj bombs at the NBA trade deadline.
RE: RE: RE: I will say  
mikeinbloomfield : 11/18/2022 8:33 am : link
In comment 15911751 DefenseWins said:
Quote:
In comment 15911731 mikeinbloomfield said:


Quote:



Hilarious. Musk's "free speech on twitter" was the exact opposite thing advertisers (Twitter's main source of revenue) wanted to hear -- which is why a lot of them reduced their spend



Twitters toxic environment and false user numbers also may be why so many other companies never wanted to advertise on Twitter in the first place. If you remember, Must exposed the issue with the bots well before the purchase date.

For all you know, the changes that will unfold over the next couple of years could actually bring in more (yet different) companies who are willing to advertise. Not to mention other ways to monetize the platform that have yet to be realized.

Maybe you should spend some money today at the market opening and short the Twitter stock. Hold it for a few years and see how much you make.


And how many people did he fire were working n content moderation and bots? All of them?

But yes, I forgot to consider all the advertisers willing to spend money on ads so they can appear next to someone saying “ I [heart] Nazis!!!!!” Just a brilliant business strategy.

And that’s leaving aside all the regulators who have the knives out. As far as I can tell, the FTC, FCC, and the SEC are all “concerned,” whoopsie! After Musk rolled out the idiotic “anyone can be verified” and someone tanked the Eli Lilly stock, I’m sure the board of that multi million dollar company who lost billions in value are just going to do nothing.

Sorry, I don’t time the market. Go ahead and buy boy genius’ stock. See what happens.
I despise Elon but what he’s doing with Twitter is pretty smart  
Returning Video Tapes : 11/18/2022 8:35 am : link
He’s cutting the bloat, and he’s eventually gonna try to make it some crypto p2p payment system.

The reality is all these tech companies are about to get slaughtered and 2023 is gonna be a year of change and reinventing. Too many of these companies have 50/1 P/E ratios for no reason (including Tesla)
whatever happens  
Giantsfan79 : 11/18/2022 8:39 am : link
This is going to make great chum for Business School classes for the next decade easy.
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