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A 160MM+ DAU social network “crashing and burning” doesn’t mean “poof” one night and it’s gone. The biggest self-own in the industry will be if Elon is success
by ethanbond 4y ago
A 160MM+ DAU social network “crashing and burning” doesn’t mean “poof” one night and it’s gone.
The biggest self-own in the industry will be if Elon is successful and then the whole software industry suddenly is inspired not by (yes, perhaps excessive) kindness/comfort/generosity of a good work life but by cut throat PE-style management with an added layer of emotional manchild tantrums.
There’s a reason VCs are cheering this on and it’s because lower standards in the software industry will save them all money.
- midoridensha 4y agoWell hopefully Twitter will completely implode and what's left will be sold off for a tiny, tiny fraction of what Elon spent for it. Then the VCs will have to come to grips with the idea that having lower standards and cutthroat management doesn't result in profitability, but rather utter failure.