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And how's that been going so far?

by eli 4y ago

nxm 4y ago
It’s been a few short weeks. He had to cut stuff (as others like Meta are) to ease the cost drain. Give Musk a chance… guy knows how to build and grow companies
- crtasm 4y ago
  Fire people then ask some of them to come back?
- paulryanrogers 4y ago
  Considering his reputation (alone, not the feats of those adjacent) how true is this?
- jasonlotito 4y ago
  > It’s been a few short weeks. He had to cut stuff (as others like Meta are) to ease the cost drain. I mean, the massive increase in cost is a result of Musk's debt purchasing Twitter.
  - notinfuriated 4y ago
    Would you mind explaining this a bit further? I'm out of the loop here and don't know anything about Twitter's costs before or after Musk's purchase.
    - klyrs 4y ago
      He had to take out a giant loan to afford the purchase (debt financing), which twitter needs to pay about $1B a year to service. Twitter wasn't getting anywhere near that in profit.
      - notinfuriated 4y ago
        Ah, didn't realize this about the $1B/year. Thanks!
    - input_sh 4y ago
      Twitter had like two profitable quarters in its existence and now on top of the usual operating costs they have to be profitable enough for 1 billion/year debt repayment. If I'm being very generous, I'd give Twitter 6 more months.
- jimmaswell 4y ago
  I wanted to give the benefit of the doubt on this but it seems like he's acting erratically and reactively, not inspiring confidence
  - SketchySeaBeast 4y ago
    Grey check mark lasted less than a day? To me it seems like he's trying to do it all by himself in an area he has no expertise.
- astrange 4y ago
  He's ignoring an FTC consent degree and seems to be running on annoyance that journalists got free bluechecks from their jobs.
- klyrs 4y ago
  Twitter is not in a "build and grow" phase. This is his first hostile takeover of a large company with a saturated market, is it not?
- kennend3 4y ago
  > Give Musk a chance… guy knows how to build and grow companies Not sure, is there a government bailout or subsidy for tech companies as he got with Tesla? https://www.latimes.com/business/la-fi-hy-musk-subsidies-20150531-story.html https://www.latimes.com/business/la-fi-hy-musk-subsidies-201...

And how's that been going so far?

by eli 4y ago

And how's that been going so far?

nxm 4y ago

It’s been a few short weeks. He had to cut stuff (as others like Meta are) to ease the cost drain. Give Musk a chance… guy knows how to build and grow companies

crtasm 4y ago
Fire people then ask some of them to come back?
paulryanrogers 4y ago
Considering his reputation (alone, not the feats of those adjacent) how true is this?
jasonlotito 4y ago
> It’s been a few short weeks. He had to cut stuff (as others like Meta are) to ease the cost drain. I mean, the massive increase in cost is a result of Musk's debt purchasing Twitter.
- notinfuriated 4y ago
  Would you mind explaining this a bit further? I'm out of the loop here and don't know anything about Twitter's costs before or after Musk's purchase.
  - klyrs 4y ago
    He had to take out a giant loan to afford the purchase (debt financing), which twitter needs to pay about $1B a year to service. Twitter wasn't getting anywhere near that in profit.
    - notinfuriated 4y ago
      Ah, didn't realize this about the $1B/year. Thanks!
  - input_sh 4y ago
    Twitter had like two profitable quarters in its existence and now on top of the usual operating costs they have to be profitable enough for 1 billion/year debt repayment. If I'm being very generous, I'd give Twitter 6 more months.
jimmaswell 4y ago
I wanted to give the benefit of the doubt on this but it seems like he's acting erratically and reactively, not inspiring confidence
- SketchySeaBeast 4y ago
  Grey check mark lasted less than a day? To me it seems like he's trying to do it all by himself in an area he has no expertise.
astrange 4y ago
He's ignoring an FTC consent degree and seems to be running on annoyance that journalists got free bluechecks from their jobs.
klyrs 4y ago
Twitter is not in a "build and grow" phase. This is his first hostile takeover of a large company with a saturated market, is it not?
kennend3 4y ago
> Give Musk a chance… guy knows how to build and grow companies Not sure, is there a government bailout or subsidy for tech companies as he got with Tesla? https://www.latimes.com/business/la-fi-hy-musk-subsidies-20150531-story.html https://www.latimes.com/business/la-fi-hy-musk-subsidies-201...