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>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 sp
by 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?