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This is pretty unsurprising, they're not really going to raise any serious money from this (what do we reckon? 1FTE Salary at most?) but they've got office spac
by SilverBirch 4y ago
This is pretty unsurprising, they're not really going to raise any serious money from this (what do we reckon? 1FTE Salary at most?) but they've got office space for 7.5k people and less than 3k less. Musk keeps saying "If you code come to the 10th floor" - which basically implies that their entire team of engineers fit onto 1 floor of the building and that there a load of empty floors now that don't need kitchens or desks or chairs.
- gonzo41 4y agoWouldn't it just be smarter to sublet the space and fill up the building. Rather than having empty floors on a building you barely use.
- defrost 4y agoThere's more than the whiff of a move to Texas in the wind.
- LightG 4y agoBy the time they make the move, they'll be able to fit all the staff in a campervan. They can take a road trip over to Texas.
- uwuemu 4y ago
- yreg 4y agoWhy is the sibling comment flagged and dead?
- zimpenfish 4y agoAt a minimum, I'd suggest "office freeloaders" and "energy vampires" are indicative of someone not commenting in good faith.
- nailer 4y agoIt seems fairly clear that Twitter had at least some employees that were adding very little. Trust and Safety leadership enforcing moderation based on political views while ignoring staff concerns about child sexual abuse (per this morning’s news) seems like one example.
- zimpenfish 4y ago> Trust and Safety leadership enforcing moderation based on political views I assume you're referring to the "Twitter Files" revelations* there? Because that showed nothing of the sort, did it?
- nailer 4y agoNot exclusively. We knew political based moderation was going on far before that. But yes also including the recent revelations about how it was handled internally. If you consider interfering with an election to be non political, I’m not going to bother arguing with you.
- zimpenfish 4y ago> But yes also including the recent revelations about how it was handled internally. Can you point to some examples where one side (I'm assuming you mean Democrats) were handled favourably and the other not favourably? Outside of ToS violations, obviously.
- Ferrotin 4y agoYes it did.
- zimpenfish 4y agoCan you point to some examples? Note that they have to be examples which only apply to one side (I'm going to assume you mean conservatives) and aren't standard violations of ToS.
- duxup 4y agoI think Twitters priorities are balance sheet related. Moving would seem like a bizarre distraction.
- lazide 4y agoMost of this mess just seems like a bizarre distraction.
- duxup 4y agoIt is shocking how entirely unnecessary it all has been. There’s no reason for the whole situation. The company is in a bad spot now.
- nailer 4y agoI think it’s because the company wasn’t very profitable and has low growth.
- plastiquebeech 4y agoThey were barely keeping their heads above water, but the interest payments on their new loans was like tying cinder blocks to their feet. It amazes me that the world's richest man was able to buy this company with a bunch of borrowed money, and saddle the company with the debt rather than himself. If he actually cared about Twitter's financial health, you have to figure he would have bought it outright. He has the money.
- duxup 4y agoThey were not in great shape, but they’re now in substantially worse.
- kccoder 4y agoElon is basically doing a Gilderoy Lockhart trying to repair Harry's broken arm impression.
- bgentry 4y agoSubletting commercial space in San Francisco is not a simple endeavor at this time: https://www.sfgate.com/realestate/article/sf-office-vacancy-rate-rising-17520290.php https://www.sfgate.com/realestate/article/sf-office-vacancy-...
- lalaland1125 4y agoWe really should be turning that space into housing
- xyzelement 4y ago"we"
- Bluecobra 4y agoDo you have a permit to make this post about San Francisco?
- mint2 4y agoDon’t draw attention! Installing a permitted comment is $1.7M so no one is doing it by the books. It’s unpermitted comments all the way down. Like be honest Did you get a permit for that comment?
- usr1106 4y agoCan you explain to the uninvolved foreigner who hasn't visited SFO for nearly 12 years what the sarcastic comments about permits refer to?
- capnslowish 4y agoEverything requires permits. EVERYTHING.
- feet 4y ago
- mikeryan 4y agoSublet to who? Downtown SF office space doesn’t have a lot of takers right now.
- kgantchev 4y agoNot sure if their rental agreements allow that. Most don't.
- mdon 4y agoMost residential leases don’t. It’s very common in commercial leases however.
- SanjayMehta 4y agoBetter than trashing it, I guess.
- ransom1538 4y agoCan they let the homeless stay in the unused floors? Surely they can find a spot in their heart to help out people down on their luck during Christmas.
- xyzelement 4y agoJust curious - do you house the homeless in the spare spaces in your dwelling? If not, how can you comment on what others ought to be doing and their hearts?
- mberning 4y agoSounds nice until they piss, shit, and do drugs everywhere and get your entire company evicted by the building owner.
- deleted 4y ago[deleted]
- ncr100 4y agoThis is the sad truth. I used to live nearby Twitter HQ and that description is unfortunately accurate to my experience, of the majority of the homeless who spent time at Van Ness and Market Street SF. HOUSING is what is needed, for sure though. Just be serious about it, and not "diamond-mine trust-fund hyper vigilant ego-abusive maniac" about it.
- astrange 4y agoElon is rich because PayPal investors paid him to go away. Nothing that happened in his life before that matters at all or gave him any extra starting privilege, diamond mine or no.
- jiveturkey 4y agoSimply being white gave him extra starting privilege. I’m sure you meant, vs other cis white males coming from a middle class (at least) family though.
- moltar 4y agoYou'd be surprised. Some of that restaurant equipment is in high demand, and is also pretty pricey. Anything pro grade can be tens of thousands of dollars each. Just some of those espresso machines are $10K [1] and $25K [2] each. Freezer is $24K. Of course, all these are "new" prices. [1] https://www.espressoparts.com/products/la-marzocco-linea-classic-s-1-group-ee-semi-automatic-espresso-machine https://www.espressoparts.com/products/la-marzocco-linea-cla... [2] https://www.espressoparts.com/products/la-marzocco-strada-ee-semi-automatic-3-group https://www.espressoparts.com/products/la-marzocco-strada-ee... [3] https://www.webstaurantstore.com/traulsen-rlt232dut-hhs-stainless-steel-42-cu-ft-two-section-solid-half-door-narrow-reach-in-freezer-specification-line/882RLT232DHS.html https://www.webstaurantstore.com/traulsen-rlt232dut-hhs-stai...
- lazide 4y agoFor used auctions (for things with demand) figure about 75-25% new prices. If there is a glut, sometimes you’d end up with just price per lb. (Often just a couple dollars per).
- bombcar 4y agoAbout 10-20% below local used prices is what I’ve seen though sometimes they go above (bidding frenzy?).
- ffggffggj 4y agoWho is opening a restaurant right now with labor costs and borrowing costs where they are?