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If they're getting good stock awards to stay, and if they think they can turn Twitter around, then there's a good chance they can make a lot of money. Now that

If they're getting good stock awards to stay, and if they think they can turn Twitter around, then there's a good chance they can make a lot of money. Now that Twitter is private the stock is going to be a lot less volatile. Work hard. Acquire users. Enter new markets. Valuation improves (once or twice a year). Cash out during a purchase offer. If I were Elon, I'd be drowning the remaining loyal employees with RSUs.

freejazz 4y ago
Do you do any real estate investment? I have this property in Brooklyn that I think you'd be really interested in
- bottlepalm 4y ago
  No, but plenty of SpaceX and Tesla employees became very wealthy sticking with Elon's ups and downs over the years. There's no doubt, executed correctly, Twitter could be a $200 billion company or more. It's really an opportunity for the employees to make that a reality. Elon (like his other companies) is going to put the engineers in control.
  - freejazz 4y ago
    >It's really an opportunity for the employees to make that a reality. Elon (like his other companies) is going to put the engineers in control. Please, consider investing in some real estate. I have a fantastic property in Brooklyn and it is a deal that you would not believe! Or a less sarcastic response... You mean he'll put them in charge after firing them? Twitter literally barely works right now. I'm not sure how you came to the conclusions you have, but they are unreasonable on their face.
    - bottlepalm 4y ago
      Everything he's doing is bringing Twitter inline with how SpaceX and Tesla already operate. It's a massive culture shock/change. Insubordination is not tolerated. Everyone is super mission focused. No one is irreplaceable.
      - freejazz 4y ago
        Yes, captain!
      - encryptluks2 4y ago
        You mean like how entry level jobs are ran.. people at companies like Twitter, SpaceX, etc are literally not replaceable. It won't take long for him to figure that out. It appears he's already been begging people to come back.
  - deleted 4y ago
    [deleted]
paxys 4y ago
Elon literally just said that bankruptcy is a possibility for twitter in the near future. What are these RSUs going to be worth exactly? And how are they going to cash them out?
- bottlepalm 4y ago
  You can google and see Elon sends the motivational 'bankruptcy' email to all his companies every so often.
  - paxys 4y ago
    Twitter's financial situation is mostly public, so no one needs to speculate. Here's one good analysis – https://twitter.com/EnergyCredit1/status/1591873061149614106 https://twitter.com/EnergyCredit1/status/1591873061149614106. Twitter was already losing hundreds of millions per year. They now have another $1.2-1.5 billion per year due in loan payments. Interest rates are rising. Advertising revenue is going down due to the recession and companies cutting Twitter spend due to the toxicity. And his big new subscription idea is already on hold due to impersonation and scams. If employees can see a way out of this, they must really be believers.
    - bottlepalm 4y ago
      It's funny when Elon companies are successful people say it was never him it was the engineers, and then when his companies are having trouble then it's not the engineers, it's him. The fact is it's a team. Twitter has more than enough runway to get through this transition and turn things around. It's up to the team to execute effectively.
      - paxys 4y ago
        Nowhere in this thread am I assigning any blame to anyone, so that's just a strawman diversion from the conversation on your part. As for runway – that's public information as well. Twitter had $6B in cash and securities as of the last financial statement release. That has likely gone down a fair amount due to acquisition-related costs as well as severance payments. Keeping up with the ~$2B/yr burn rate, unless Twitter can turn things around fast (or get another cash infusion), it has about 2-3 years left in the tank.
koyote 4y ago
I might be misunderstanding, but how would stock awards work if the company is now private?
- bottlepalm 4y ago
  Private companies still are 'valuated' by external third parties regularly and hold 'liquidity events' where private investors buy a combination of stock from employees and from the company itself. Usually once or twice a year.
rsynnott 4y ago
> stock awards In what? I'm not sure I'd value private RSUs in current-Twitter _particularly_ highly, myself.
- bottlepalm 4y ago
  If you're an engineer who thinks with the right app or feature, that you could increase the value of Twitter substantially - then those current RSUs would be a great investment and could pay off handsomely in the future.

freejazz 4y ago

Do you do any real estate investment? I have this property in Brooklyn that I think you'd be really interested in

bottlepalm 4y ago
No, but plenty of SpaceX and Tesla employees became very wealthy sticking with Elon's ups and downs over the years. There's no doubt, executed correctly, Twitter could be a $200 billion company or more. It's really an opportunity for the employees to make that a reality. Elon (like his other companies) is going to put the engineers in control.
- freejazz 4y ago
  >It's really an opportunity for the employees to make that a reality. Elon (like his other companies) is going to put the engineers in control. Please, consider investing in some real estate. I have a fantastic property in Brooklyn and it is a deal that you would not believe! Or a less sarcastic response... You mean he'll put them in charge after firing them? Twitter literally barely works right now. I'm not sure how you came to the conclusions you have, but they are unreasonable on their face.
  - bottlepalm 4y ago
    Everything he's doing is bringing Twitter inline with how SpaceX and Tesla already operate. It's a massive culture shock/change. Insubordination is not tolerated. Everyone is super mission focused. No one is irreplaceable.
    - freejazz 4y ago
      Yes, captain!
    - encryptluks2 4y ago
      You mean like how entry level jobs are ran.. people at companies like Twitter, SpaceX, etc are literally not replaceable. It won't take long for him to figure that out. It appears he's already been begging people to come back.
- deleted 4y ago
  [deleted]

paxys 4y ago

Elon literally just said that bankruptcy is a possibility for twitter in the near future. What are these RSUs going to be worth exactly? And how are they going to cash them out?

bottlepalm 4y ago
You can google and see Elon sends the motivational 'bankruptcy' email to all his companies every so often.
- paxys 4y ago
  Twitter's financial situation is mostly public, so no one needs to speculate. Here's one good analysis – https://twitter.com/EnergyCredit1/status/1591873061149614106 https://twitter.com/EnergyCredit1/status/1591873061149614106. Twitter was already losing hundreds of millions per year. They now have another $1.2-1.5 billion per year due in loan payments. Interest rates are rising. Advertising revenue is going down due to the recession and companies cutting Twitter spend due to the toxicity. And his big new subscription idea is already on hold due to impersonation and scams. If employees can see a way out of this, they must really be believers.
  - bottlepalm 4y ago
    It's funny when Elon companies are successful people say it was never him it was the engineers, and then when his companies are having trouble then it's not the engineers, it's him. The fact is it's a team. Twitter has more than enough runway to get through this transition and turn things around. It's up to the team to execute effectively.
    - paxys 4y ago
      Nowhere in this thread am I assigning any blame to anyone, so that's just a strawman diversion from the conversation on your part. As for runway – that's public information as well. Twitter had $6B in cash and securities as of the last financial statement release. That has likely gone down a fair amount due to acquisition-related costs as well as severance payments. Keeping up with the ~$2B/yr burn rate, unless Twitter can turn things around fast (or get another cash infusion), it has about 2-3 years left in the tank.

koyote 4y ago

I might be misunderstanding, but how would stock awards work if the company is now private?

bottlepalm 4y ago
Private companies still are 'valuated' by external third parties regularly and hold 'liquidity events' where private investors buy a combination of stock from employees and from the company itself. Usually once or twice a year.

rsynnott 4y ago

> stock awards In what? I'm not sure I'd value private RSUs in current-Twitter _particularly_ highly, myself.

bottlepalm 4y ago
If you're an engineer who thinks with the right app or feature, that you could increase the value of Twitter substantially - then those current RSUs would be a great investment and could pay off handsomely in the future.