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Yes but the issue is that while laying off so many people could have reduced their burn to zero, losing half of your top 100 advertisers AND adding billions in
by i13e 4y ago
Yes but the issue is that while laying off so many people could have reduced their burn to zero, losing half of your top 100 advertisers AND adding billions in debt, plus losing most of your staff is a recipe for disaster. Sorry if I didn't phrase that well in my comment.
I do agree that they would have collapsed eventually and this is just an accelerated version of that
- smoldesu 4y agoGuess we'll have to see, then. I'm no fan of the guy, but from where I'm standing the board seems stacked in Musk's favor...
- HPMOR 4y agoHow? Please explain. Literally everything is going against him right now.
- jhgfjhfgjhfgjh 4y agoTwitter reduced headcount significantly and the service is operating like normal. How is that going against him?
- dragon-hn 4y agoAre they shipping more or less features that can grow the business? We obviously don’t know either way, but no massive outages so far doesn’t mean Twitter is still operating smoothly.
- mwint 4y agoTwitter hadn't been shipping a whole lot of features to grow the business while it was a public company. The baseline is pretty low.
- dahdum 4y agoI’m not an Elon fan boy, but he didn’t really “lose” those advertisers. Most just paused their spend due to the uncertainty, possible public backlash, and the downturn. If he turns Twitter into what he’s shooting for, they’ll be back and more will follow. I think it’s like 50/50 if he succeeds or not, but I’m not at all confident Twitter’s chances are any worse than they were. They are definitely trending up the longer it goes along. Of course I may be biased. The man did buy my small amount of a dogshit stock at a huge premium, removing it from my index investments. Twitter wasn’t going to see $54 again for a very long time, if ever.