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Yeah. Multiple entire teams that run critical systems have reportedly left. It’s over. Dead site running. Such a horrible loss. Glad the stockholders are happ

by MBCook 4y ago

Yeah. Multiple entire teams that run critical systems have reportedly left. It’s over. Dead site running. Such a horrible loss. Glad the stockholders are happy. This was clearly better than the lawsuit. /s

deleted 4y ago
[deleted]
MonkeyMalarky 4y ago
Well the offices supposedly open up again on the 21st, which is coincidentally also the start of the world cup? That's gonna be fun.
- MBCook 4y ago
  I told someone earlier it’s going down and not coming back up by Monday night. I forgot about the World Cup. I don’t know what to say anymore.
  - TheHappyOddish 4y ago
    What about now?
heartbreak 4y ago
The shareholders got paid; this isn’t their circus anymore.
- notatoad 4y ago
  some of them didn't. at least the saudis and @jack both rolled their stake over to the new ownership.
bagels 4y ago
The stockholders didn't have any choice in any of this.
threeseed 4y ago
No excuses. No redirecting blame. This is 100% on Musk.
- MBCook 4y ago
  I also blame the previous management. They should have gone forward with the lawsuit. Instead they took a payout and this happened. They destroyed their company. I don’t think they knew it would be this bad this fast, but it was never going to go well. I blame them all.
  - elguyosupremo 4y ago
    The lawsuit from the previous management was to force Musk to go through with the sale when he tried to go back on the deal, they didn't make any attempt to stop the sale because they knew he was paying an absurd price. I don't know that the board had much of a choice though, the best fiduciary sense for all current stockholders was to let him buy the company, what happens after that is of no concern to them. It's the perverse reality when a corporation only exists to make money for the shareholders.
  - piva00 4y ago
    It's free market capitalism, no? The fiduciary duty of the previous management was to its shareholders (as much as I hate that), if you subscribe to that line of thinking then the board and management did what was right for Twitter's shareholders: extract as much value as possible for the shareholders. Don't think there was a better financial outcome for them.
- kobalsky 4y ago
  let's hope that if or when things turn around and go right you also attribute it 100% on Musk, becase there are a lot of hypocrites running around.
  - piva00 4y ago
    Why do you defend Elon Musk? Genuine question, I can't grasp that.
tim333 4y ago
Running fine just now. I waste a fair bit of time on HN and Twitter and remain unsure why Twitter needs 7000 people when HN does similar stuff with maybe two.

by MBCook 4y ago

deleted 4y ago

[deleted]

MonkeyMalarky 4y ago

Well the offices supposedly open up again on the 21st, which is coincidentally also the start of the world cup? That's gonna be fun.

MBCook 4y ago
I told someone earlier it’s going down and not coming back up by Monday night. I forgot about the World Cup. I don’t know what to say anymore.
- TheHappyOddish 4y ago
  What about now?

heartbreak 4y ago

The shareholders got paid; this isn’t their circus anymore.

notatoad 4y ago
some of them didn't. at least the saudis and @jack both rolled their stake over to the new ownership.

bagels 4y ago

The stockholders didn't have any choice in any of this.

threeseed 4y ago

No excuses. No redirecting blame. This is 100% on Musk.

MBCook 4y ago
I also blame the previous management. They should have gone forward with the lawsuit. Instead they took a payout and this happened. They destroyed their company. I don’t think they knew it would be this bad this fast, but it was never going to go well. I blame them all.
- elguyosupremo 4y ago
  The lawsuit from the previous management was to force Musk to go through with the sale when he tried to go back on the deal, they didn't make any attempt to stop the sale because they knew he was paying an absurd price. I don't know that the board had much of a choice though, the best fiduciary sense for all current stockholders was to let him buy the company, what happens after that is of no concern to them. It's the perverse reality when a corporation only exists to make money for the shareholders.
- piva00 4y ago
  It's free market capitalism, no? The fiduciary duty of the previous management was to its shareholders (as much as I hate that), if you subscribe to that line of thinking then the board and management did what was right for Twitter's shareholders: extract as much value as possible for the shareholders. Don't think there was a better financial outcome for them.
kobalsky 4y ago
let's hope that if or when things turn around and go right you also attribute it 100% on Musk, becase there are a lot of hypocrites running around.
- piva00 4y ago
  Why do you defend Elon Musk? Genuine question, I can't grasp that.

tim333 4y ago

Running fine just now. I waste a fair bit of time on HN and Twitter and remain unsure why Twitter needs 7000 people when HN does similar stuff with maybe two.