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It only managed that in 2021, and still recorded a loss of $221M. In 2020 it made $3.7B, so the 2021 bump may have been pandemic-driven. [1] [1] https://www.bu

It only managed that in 2021, and still recorded a loss of $221M. In 2020 it made $3.7B, so the 2021 bump may have been pandemic-driven. [1] [1] https://www.businessofapps.com/data/twitter-statistics/ https://www.businessofapps.com/data/twitter-statistics/

com2kid 4y ago
Lay off 1000 employees and start cutting or renegotiating vendor contracts. 221M should be easy money to find for a company of Twitter's size. I say this as someone whose been a big tech co employee my entire life and who has seen how easily 10 or 20 million gets spent. I have also seen how easily a million gets thrown out here or there for vendors to do some data analysis work, or even worse, create shiny powerpoint slides to present to higher ups. Remove a layer of management, stop all the outsourced make-work, and you may end up halfway there to saving 200 million.
- jsnell 4y ago
  Musk has saddled Twitter with a lot of debt as part of this deal. The interest on that debt is about $1 billion / year. So they don't need to just find $200M, they need to find $1.2B. Does it still sound easy?
  - com2kid 4y ago
    1.2B is a bit harder, yeah. I guess I should have stated that Twitter could have been profitable awhile back, and it was likely a choice they made to not be. Not sure why they made that choice, and it seems like everyone who does know why no longer works there. My overall point was that large corporations have a lot of waste in them, entire teams dedicated to making shiny dashboards for execs who only ever look at them once or twice a year, or, something I saw at Microsoft, hiring vendors to write software, and also hiring another vending firm to manage the first vending firm. (Because MS, despite being filled with program managers and software developers, wasn't set up at the time to do short term projects so the easiest solution to that organizational problem was to flush a few million extra down the tubes...)

com2kid 4y ago

Lay off 1000 employees and start cutting or renegotiating vendor contracts. 221M should be easy money to find for a company of Twitter's size. I say this as someone whose been a big tech co employee my entire life and who has seen how easily 10 or 20 million gets spent. I have also seen how easily a million gets thrown out here or there for vendors to do some data analysis work, or even worse, create shiny powerpoint slides to present to higher ups. Remove a layer of management, stop all the outsourced make-work, and you may end up halfway there to saving 200 million.

jsnell 4y ago
Musk has saddled Twitter with a lot of debt as part of this deal. The interest on that debt is about $1 billion / year. So they don't need to just find $200M, they need to find $1.2B. Does it still sound easy?
- com2kid 4y ago
  1.2B is a bit harder, yeah. I guess I should have stated that Twitter could have been profitable awhile back, and it was likely a choice they made to not be. Not sure why they made that choice, and it seems like everyone who does know why no longer works there. My overall point was that large corporations have a lot of waste in them, entire teams dedicated to making shiny dashboards for execs who only ever look at them once or twice a year, or, something I saw at Microsoft, hiring vendors to write software, and also hiring another vending firm to manage the first vending firm. (Because MS, despite being filled with program managers and software developers, wasn't set up at the time to do short term projects so the easiest solution to that organizational problem was to flush a few million extra down the tubes...)