3 ms·
I (mostly) liked him before the twitter saga. Not anymore. I liked him because he was working on serious technology that was going to make us better. But this
by orange_joe 4y ago
I (mostly) liked him before the twitter saga. Not anymore. I liked him because he was working on serious technology that was going to make us better. But this twitter adventure is a real problem. Twitter is his spruce goose. His purchase of the company was totally ego driven. He's now laying off half the workforce (3700 people), which will likely severly effect around 10,000 people. Families will be deported from the country, people will lose their health insurance, some will miss their mortgages or rent payments. And here's the kicker. Despite doing all that, the company still won't be profitable as he performed a leveraged buyout. Twitter now has to take on 12B in debt, roughly half of its 2019 market cap. In all likelihood this debt load will be way too high for twitter and the company will go bankrupt.