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Why a waste? Sounds like a smart move? Buy a company, drastically reduce unnecessary expenses.
by refurb 4y ago
Why a waste? Sounds like a smart move?
Buy a company, drastically reduce unnecessary expenses.
- tfsh 4y agoAll those unnecessary expenses like content moderation and robust fault tolerant infrastructure.
- valine 4y agoTwitter going down occasionally wouldn’t be the worst thing in the world.
- PubliusMI 4y ago
- factsarelolz 4y agoOr gigantic offices in expensive down town areas, all the coworkering space rent, food served at said office buildings, and personnel.
- listless 4y agoThis was my thought. Or at least move HQ somewhere else. Although he’ll probably end up doing that anyway.
- 8f2ab37a-ed6c 4y agoIt's an app for billionaires and journos to crank out viral memes, not a pacemaker. The world will be ok.
- afavour 4y agoNot really the point here. If you spent tens of billions purchasing Twitter you presumably don’t want the world to be without it. You have a very active interest in making it a success.
- darthrupert 4y agoUnless you're so beyond caring and vindictive that you're willing to do that just to screw over the shareholders who forced you to buy the company.
- nyargh 4y agoScrewing them over how, exactly? As far as I can tell most of the shareholders got cashed out at a valuation way above market. I'd love to be similarly "screwed over" given the opportunity.
- afavour 4y agoThen that’s a sign Musk has absolutely lost it. Writing off tens of billions for petty revenge is insane. (also the shareholders just cashed out, they don’t care)
- rad_gruchalski 4y agoFrom the buyer’s perspective the only result that matters is the profit.
- knaekhoved 4y ago[flagged]
- watwut 4y agoAnd team that communicates with advertisers for advertisers.
- nemothekid 4y ago>Buy a company, drastically reduce unnecessary expenses. This famously works out very well for PE firms. It seems very naive to assume Twitter was casually spending 1B/yr in "unnecessary expenses". Maybe the previous CEO/CTO was a baffling moron, but I tend to have more faith in people absent of evidence otherwise. I'm going to be surprised if Twitter is around in year - I'm just they have the capital to keep the lights on but it will be a very different story if advertisers start to abandon the platform because the adops infrastructure was gutted as an "unnecessary expense".
- nothatscool 4y agoWeren’t they spending almost half a billion a year on r&d?
- GoOnThenDoTell 4y agoThat usually just means regular engineering staff
- refurb 4y agoTwitter has expenses of $5B per year. https://finance.yahoo.com/quote/TWTR/financials/ https://finance.yahoo.com/quote/TWTR/financials/ So just view this as "A 20% reduction in expenses". Doesn't seem quite to scary huh?
- deleted 4y ago[deleted]
- EricDeb 4y agowould have been smart if you bought it for a good deal.