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Looks like winter is here. Between this and the Meta layoffs , the era of 500k TC might be over.

by 999900000999 4y ago

mikkergp 4y ago
Since twitter is private, we won’t necessarily get regular updates into the health of the company, right?
- kmeisthax 4y ago
  Elon financed the deal, so presumably the bank that loaned him all this money could demand information from Elon, or demand that Elon recollateralize the loan[0] if he were to destroy Twitter's value. That's of course assuming the bank asked for any of this when negotiating financing. You can see this in his recent statements walking back the whole "free speech extremist" thing. Putting aside the fact that Elon does not practice what he preaches, and my personal belief that free speech should not be afforded to censorious political ideologies[1], you simply cannot run a 100% unrestricted free-for-all and expect to make money off of it. Users don't want to use a platform full of spam, advertisers do not want to be on the same platform as Nazis, etc. If Elon had self-financed everything then none of the above would apply and he could do anything he wants with it. Unban everyone, ban everyone, shut the whole thing down, etc. [0] Repay the loan immediately to compensate for the loss in value of the property - in this case, Twitter's potential sale value. [1] Nazis and tankies[2]. No freedom for dictators. [2] Authoritarian-left on the political compass. The people who deny the holodomor, cheered for the Soviet Union crushing Yugoslavia in the 70s, think Ukraine is actually run by neo-Nazis (it's not), etc.
kart23 4y ago
source for meta layoffs please?
- 999900000999 4y ago
  Looks like I got a bit jumpy, but I can't imagine their won't be layoffs. Regardless, things aren't going to be fun for tech workers anytime soon. https://www.businessinsider.com/facebook-managers-are-warning-employees-of-impending-layoffs-meta-2022-10 https://www.businessinsider.com/facebook-managers-are-warnin...
  - kart23 4y ago
    zuck literally said in earnings that headcount is going to stay the same, and that 2023 costs are going to be the same if not a slight increase. These articles lack any substance, I doubt the company would go against what he just said was the plan 2 days ago.
    - 999900000999 4y ago
      Ok. I think your right, I'll look more at sources vs sensational articles going forward.
hnuser847 4y ago
Tech stocks have been getting slammed over the past year. Amazon, Alphabet, Netflix, Meta, Microsoft, Tesla, Snapchat, and Uber are all down 25-81%. Apple seems to be doing okay though.

Looks like winter is here. Between this and the Meta layoffs , the era of 500k TC might be over.

mikkergp 4y ago

Since twitter is private, we won’t necessarily get regular updates into the health of the company, right?

kmeisthax 4y ago
Elon financed the deal, so presumably the bank that loaned him all this money could demand information from Elon, or demand that Elon recollateralize the loan[0] if he were to destroy Twitter's value. That's of course assuming the bank asked for any of this when negotiating financing. You can see this in his recent statements walking back the whole "free speech extremist" thing. Putting aside the fact that Elon does not practice what he preaches, and my personal belief that free speech should not be afforded to censorious political ideologies[1], you simply cannot run a 100% unrestricted free-for-all and expect to make money off of it. Users don't want to use a platform full of spam, advertisers do not want to be on the same platform as Nazis, etc. If Elon had self-financed everything then none of the above would apply and he could do anything he wants with it. Unban everyone, ban everyone, shut the whole thing down, etc. [0] Repay the loan immediately to compensate for the loss in value of the property - in this case, Twitter's potential sale value. [1] Nazis and tankies[2]. No freedom for dictators. [2] Authoritarian-left on the political compass. The people who deny the holodomor, cheered for the Soviet Union crushing Yugoslavia in the 70s, think Ukraine is actually run by neo-Nazis (it's not), etc.

kart23 4y ago

source for meta layoffs please?

999900000999 4y ago
Looks like I got a bit jumpy, but I can't imagine their won't be layoffs. Regardless, things aren't going to be fun for tech workers anytime soon. https://www.businessinsider.com/facebook-managers-are-warning-employees-of-impending-layoffs-meta-2022-10 https://www.businessinsider.com/facebook-managers-are-warnin...
- kart23 4y ago
  zuck literally said in earnings that headcount is going to stay the same, and that 2023 costs are going to be the same if not a slight increase. These articles lack any substance, I doubt the company would go against what he just said was the plan 2 days ago.
  - 999900000999 4y ago
    Ok. I think your right, I'll look more at sources vs sensational articles going forward.

hnuser847 4y ago

Tech stocks have been getting slammed over the past year. Amazon, Alphabet, Netflix, Meta, Microsoft, Tesla, Snapchat, and Uber are all down 25-81%. Apple seems to be doing okay though.