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That's also my thought. I cannot believe someone could burn through cash possibly this fast in history. Surely, something to be remembered for...
by keyle 4y ago
That's also my thought. I cannot believe someone could burn through cash possibly this fast in history.
Surely, something to be remembered for...
- snowwrestler 4y agoWell, Twitter is not burning through as much cash anymore now that most of the people are gone… Cutting the burn rate is a clear and sensible part of Musk’s strategy. The more he lowers Twitter’s expenses, the more time he gives Twitter to try new things. He’s done a terrible job of executing it, but that part of the business strategy, at least, is sound.
- absrd 4y ago"burning cash" in this context doesn't refer to the literal burn rate, it's more that he's spending a great deal of money without presenting any clear vision or direction for the company
- snowwrestler 4y agoI agree that is what is happening, but that’s not what “burning cash” means. Which was the point of my comment.
- actionablefiber 4y agoBill Hwang must be throwing a fit now that Musk is beating his high score.
- theamk 4y agoThis reminds me of Stephen Elop from Nokia and "Burning Platform" memo.. Nokia lost its top smartphone manufacturer (25% of the market) position in about half-year after that. But the timescale involved were much longer.. the Nokia losses happened in months, not in days.