4 ms·

I really hope it implodes. He has been so childish throughout, he deserves to lose the 44 billion. Sucks that thousands of people are out of work, but maybe thi

I really hope it implodes. He has been so childish throughout, he deserves to lose the 44 billion. Sucks that thousands of people are out of work, but maybe this is better for them than a slow painful death of a once okayish company.

MBCook 4y ago
What about all the poor people on visas who are now desperately looking for jobs to avoid having themselves and their families deported?
- skinnymuch 4y ago
  Twitter wouldn’t shut down completely. The company would continue running…right?
  - MBCook 4y ago
    They already have basically no advertisers except SpaceX, which is a balance transfer in all but name, and maybe some right wing stuff. Real brands are terrified of them. They have no money. It’s not coming in, and only gets worse when the site goes down. They’re facing employment lawsuits over the last two weeks. They’re facing a discrimination lawsuit for requiring an employee with an ADA accommodation to work from home to work from the office (after that announcement). The FTC is mad. Congress is mad. Who knows what other lawsuits/etc will pop up. I just don’t understand how they can survive. Seems like chapter 7. Not “renegotiate the debt and we swear we’ll be fine” chapter 11. Sell every last post-it note and auction off the wall art to pay the creditors chapter 7. I knew he’d ruin Twitter. I never expected anything like this. I expected people to slowly leave (platform and employment) due to new policies and values. This was, and honestly is, unimaginable. Did he really destroy $44B in three weeks?
    - x86_64Ubuntu 4y ago
      I can't help but think that his buy was funded and supported by some regimes with less than honorable goals.
      - MBCook 4y ago
        That may be, but was their goal to destroy it? Or just have influence over what trends/censorship of posts?
    - martindbp 4y ago
      > They already have basically no advertisers except SpaceX Source? Musk claimed a "massive drop" but who knows how much that is, if he exaggerated for effect or whether it's permanent ("paused" doesn't mean permanent, if it makes financial sense advertisers will return). > I expected people to slowly leave Yet number of users increased faster than ever. These kinds of predictions reminds me of the expectations that Trump would be prosecuted any day now thorough out his whole presidency. Maybe Twitter will crash and burn, maybe Musk has absolutely no idea what he's doing, or maybe generally outraged people are bad at predicting the future because they're easily misled by their general dislike of someone's personality.
      - dorkwood 4y ago
        > Yet number of users increased faster than ever. Source on this? I've seen reports that the number of "monetizable daily active users" is up, but nothing about the actual user count.
        MBCook 4y ago
        Elon tweeted a graph showing a massive jump. But the Y axis was chosen for that purpose. Someone responded with a graph whose Y axis started at 0. You couldn’t see the “massive jump” anymore. It was actually like 0.5% increase based on the data in Elon’s chart.
    - akiselev 4y ago
      He felt threatened by all the attention FTX was getting. Elon: hold my beer.
      - operatingthetan 4y ago
        Now do Tesla!
    - pjc50 4y ago
      Eh, Tumblr was bought for $1bn, sold for $3m, and is still up. Twitter will most likely remain up in some form (unless the "black start" issues are really bad or the cloud bill is a lot more than expected) and get sold to someone quieter.
      - MBCook 4y ago
        Tumblr exists but is a tiny shadow of what it was. That’s what I expect, at best, of Twitter at this point.
- guelo 4y ago
  Those are not poor people.
  - oneeyedpigeon 4y ago
    "Poor" can mean unfortunate as well as lacking in wealth.
    - guelo 4y ago
      Either way
- mrguyorama 4y ago
  Maybe we shouldn't allow the US government to chain people to a company with no way out.
- lost_tourist 4y ago
  Like I said I feel sorry for them, I can't imagine that the h1b and other programs don't have good will time for them to find other employment. Twitter doesn't hire hacks, I'm sure they'll be fine. I'm just talking about the overall greater good because I think they -all- will be out of a job soon. I never wanted twitter to die, but if it's just going to be parler with venmo shrug
  - int_19h 4y ago
    Until relatively recently - 2017, to be specific - someone on H1B who lost their job had no grace period to find other employment under the law. Enforcement was another matter, so many people chanced it regardless - but the concern is that overstaying one's visa can have significant consequences for your ability to get new ones long into the future if found out. In 2017, USCIS unilaterally enacted a 60-day grace period as an administrative rule, which is still in effect today. But, given the current US job market in tech, 60 days may not be sufficient. Twitter aside, it should also be noted that, being an administrative rule, it can be changed fairly easily for political reasons, since it doesn't have to go through Congress, and courts generally err on the side of executive agencies' judgment on such matters.

MBCook 4y ago

What about all the poor people on visas who are now desperately looking for jobs to avoid having themselves and their families deported?

skinnymuch 4y ago
Twitter wouldn’t shut down completely. The company would continue running…right?
- MBCook 4y ago
  They already have basically no advertisers except SpaceX, which is a balance transfer in all but name, and maybe some right wing stuff. Real brands are terrified of them. They have no money. It’s not coming in, and only gets worse when the site goes down. They’re facing employment lawsuits over the last two weeks. They’re facing a discrimination lawsuit for requiring an employee with an ADA accommodation to work from home to work from the office (after that announcement). The FTC is mad. Congress is mad. Who knows what other lawsuits/etc will pop up. I just don’t understand how they can survive. Seems like chapter 7. Not “renegotiate the debt and we swear we’ll be fine” chapter 11. Sell every last post-it note and auction off the wall art to pay the creditors chapter 7. I knew he’d ruin Twitter. I never expected anything like this. I expected people to slowly leave (platform and employment) due to new policies and values. This was, and honestly is, unimaginable. Did he really destroy $44B in three weeks?
  - x86_64Ubuntu 4y ago
    I can't help but think that his buy was funded and supported by some regimes with less than honorable goals.
    - MBCook 4y ago
      That may be, but was their goal to destroy it? Or just have influence over what trends/censorship of posts?
  - martindbp 4y ago
    > They already have basically no advertisers except SpaceX Source? Musk claimed a "massive drop" but who knows how much that is, if he exaggerated for effect or whether it's permanent ("paused" doesn't mean permanent, if it makes financial sense advertisers will return). > I expected people to slowly leave Yet number of users increased faster than ever. These kinds of predictions reminds me of the expectations that Trump would be prosecuted any day now thorough out his whole presidency. Maybe Twitter will crash and burn, maybe Musk has absolutely no idea what he's doing, or maybe generally outraged people are bad at predicting the future because they're easily misled by their general dislike of someone's personality.
    - dorkwood 4y ago
      > Yet number of users increased faster than ever. Source on this? I've seen reports that the number of "monetizable daily active users" is up, but nothing about the actual user count.
      - MBCook 4y ago
        Elon tweeted a graph showing a massive jump. But the Y axis was chosen for that purpose. Someone responded with a graph whose Y axis started at 0. You couldn’t see the “massive jump” anymore. It was actually like 0.5% increase based on the data in Elon’s chart.
  - akiselev 4y ago
    He felt threatened by all the attention FTX was getting. Elon: hold my beer.
    - operatingthetan 4y ago
      Now do Tesla!
  - pjc50 4y ago
    Eh, Tumblr was bought for $1bn, sold for $3m, and is still up. Twitter will most likely remain up in some form (unless the "black start" issues are really bad or the cloud bill is a lot more than expected) and get sold to someone quieter.
    - MBCook 4y ago
      Tumblr exists but is a tiny shadow of what it was. That’s what I expect, at best, of Twitter at this point.
guelo 4y ago
Those are not poor people.
- oneeyedpigeon 4y ago
  "Poor" can mean unfortunate as well as lacking in wealth.
  - guelo 4y ago
    Either way
mrguyorama 4y ago
Maybe we shouldn't allow the US government to chain people to a company with no way out.
lost_tourist 4y ago
Like I said I feel sorry for them, I can't imagine that the h1b and other programs don't have good will time for them to find other employment. Twitter doesn't hire hacks, I'm sure they'll be fine. I'm just talking about the overall greater good because I think they -all- will be out of a job soon. I never wanted twitter to die, but if it's just going to be parler with venmo shrug
- int_19h 4y ago
  Until relatively recently - 2017, to be specific - someone on H1B who lost their job had no grace period to find other employment under the law. Enforcement was another matter, so many people chanced it regardless - but the concern is that overstaying one's visa can have significant consequences for your ability to get new ones long into the future if found out. In 2017, USCIS unilaterally enacted a 60-day grace period as an administrative rule, which is still in effect today. But, given the current US job market in tech, 60 days may not be sufficient. Twitter aside, it should also be noted that, being an administrative rule, it can be changed fairly easily for political reasons, since it doesn't have to go through Congress, and courts generally err on the side of executive agencies' judgment on such matters.