4 ms·

> cutting a large amount of staff I wonder if he needs to do this. Maybe I've just been working for tech companies in the Bay Area too long. But I don't want

> cutting a large amount of staff I wonder if he needs to do this. Maybe I've just been working for tech companies in the Bay Area too long. But I don't want to work for a company where I don't have equity that I can cash out. And now all those engineers are working for a company where equity doesn't exist? An exception could be a Netflix model where you make a buttload of money. But Twitter isn't that.

poszlem 4y ago
It isn't that yet, presumably.
- dpkirchner 4y ago
  Guess it remains to be seen if they can make up for the lack of public equity with cash or if the cash will be tied up in loan repayments.
  - biscottigelato 4y ago
    SpaceX has no public equities and has no problem attracting talent. You guys are really thinking Musk is some bozos that have never done anything in his life. Its quite incredible. Last week 4 astronauts went to ISS on his rocket and the first stage landed, again. Tesla is still growing at close to 40/50% top and bottomline when all car companies are contracting, even FAANG. Twitter is yet to be seen. But its quite incredible the dismissiveness around here. Making Twitter work is peanuts comparing to trying to get a car company and a space company (both industries where successful examples are much harder to find than social media companies. Even if we point fingers as Meta and Snap, they are profitable and not bankrupt like most car and space companies in history) to survive through the 2008 Financial crisis.
    - tayo42 4y ago
      if spacex wasnt launching rockets into space they would not have talent there. people arent going to take pay cuts to serve lists of shitposts and ads
    - throwawaylinux 4y ago
      > SpaceX has no public equities and has no problem attracting talent. I'm no Musk hater and interested to see where he takes Twitter. That said, SpaceX is at the forefront of space travel, and they want to put man on Mars. Twitter sells advertisements on the internet, with the lofty goal of selling some more ads.
texasbigdata 4y ago
Facebook has 50% profit margins. Why can’t twitter do that? They both sell ads.

poszlem 4y ago

It isn't that yet, presumably.

dpkirchner 4y ago
Guess it remains to be seen if they can make up for the lack of public equity with cash or if the cash will be tied up in loan repayments.
- biscottigelato 4y ago
  SpaceX has no public equities and has no problem attracting talent. You guys are really thinking Musk is some bozos that have never done anything in his life. Its quite incredible. Last week 4 astronauts went to ISS on his rocket and the first stage landed, again. Tesla is still growing at close to 40/50% top and bottomline when all car companies are contracting, even FAANG. Twitter is yet to be seen. But its quite incredible the dismissiveness around here. Making Twitter work is peanuts comparing to trying to get a car company and a space company (both industries where successful examples are much harder to find than social media companies. Even if we point fingers as Meta and Snap, they are profitable and not bankrupt like most car and space companies in history) to survive through the 2008 Financial crisis.
  - tayo42 4y ago
    if spacex wasnt launching rockets into space they would not have talent there. people arent going to take pay cuts to serve lists of shitposts and ads
  - throwawaylinux 4y ago
    > SpaceX has no public equities and has no problem attracting talent. I'm no Musk hater and interested to see where he takes Twitter. That said, SpaceX is at the forefront of space travel, and they want to put man on Mars. Twitter sells advertisements on the internet, with the lofty goal of selling some more ads.

texasbigdata 4y ago

Facebook has 50% profit margins. Why can’t twitter do that? They both sell ads.