4 ms·
Every situation is unique and real-life is flexible - elements of his "style" can probably work. What's questionable is the objectively bad lead up to the curr
by preommr 4y ago
Every situation is unique and real-life is flexible - elements of his "style" can probably work.
What's questionable is the objectively bad lead up to the current situation. It's one thing to overhaul a company - it's another to massively over pay for a company, be under immense pressure from added debt, and then fire a whole bunch of people in a very short amount of time.
There's no question here that he would've been better off starting his own company, building up experience while burning a few hundred million, and then buying out twitter at 20bn. He was on the board, he knew what the company was like, he had direct connections with important figures like Dorsey, he had all the information necessary to know that he wanted to make such sweeping changes.
- dclusin 4y agoYour suggestion at the end assumes he can predict the future wrt to the collapse of twitters market cap at the time he made the acquisition offer. The reality is he made a binding decision that he was stuck with that looks terrible in hindsight. I do agree that he could have handled the situation a lot better. But some things are outside his control.
- amanaplanacanal 4y agoSince the company is privately held, I'm not sure what market cap has to do with it. This is entirely about debt and profitability.
- dclusin 4y agoMarket cap of pre-acquisition twitter is why the company is drowning in so much debt. Had he timed his acquisition better perhaps it would have been more sustainable. Its market value collapsed a few months after he made his acquisition offer. Ergo less debt.