3 ms·
if you look at musk and his friends talking about how to restructure twitter it looks less incompetent. if you remember that he is under a mountain of financial
by MrMan 4y ago
if you look at musk and his friends talking about how to restructure twitter it looks less incompetent. if you remember that he is under a mountain of financial pressure you can also see that these moves are for survival, not to make twitter more awesome. a decimated shell of a company is preferable, for someone who just massively overpaid for a non-growth company, to a much larger organization with higher cost structure.
I dont understand why he wanted twitter and I think the incompetence is in the way he pursued the deal, but once one is saddled with such a problem the steps to get out from under it (or at least minimize the damage) are clear. forcing employees out is necessary.
- watwut 4y agoIt still looks incompetent. Especially in the area of treating advisers. And in the way he is rolling out new feature, no wait, he does not, cancel that out, actually it is going to be done ... nope, yes. Print out code on paper, nope, shredder it actually. > you can also see that these moves are for survival They don't seem like moves of survival. They seem impulsive, emotional and causing him damage. > forcing employees out is necessary He just had layoff. Literally, it is not like he would need to send midnight eamils about going back to office tomorrow to make them go.
- prirun 4y ago> I dont understand why he wanted twitter The thing I read that made the most sense is that he never wanted it. He wanted to use the buyout as cover for selling a bunch of Tesla stock. No due diligence was done because he fully expected to just back out of the deal, but that didn't happen because he and his billionaire buddies were not so happy about getting deposed and dragging all their dirty laundry into the public.
- rohit89 4y agoThis take is parroted a lot but makes no sense because he already has a ready made excuse for selling shares with spacex.