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> ...and now it’s time to right size to better fit a changing market. Come again? What is this supposed to mean?

salawat 4y ago
It means: Some idiot (Musk) decided to axe 90% of workers, and the company hasn't completely evaporated (Twitter). Investors; therefore, are jumping on the signal that a bunch of capital is allocated to non-productive work. Therefore, Welch it, trim the fat, give me back my money so I can stop being a source of welfare for techies, and start pouring money into something interesting.
- orra 4y ago
  I don't know if this is why you were downvoted, but please avoid using the term Welch. It's an ethnic slur against Welsh people.
  - erik_seaberg 4y ago
    Jack Welch was CEO of GE, best known for dramatic divestments, layoffs, and stack ranking.
    - orra 4y ago
      That's a retcon. Use of Welch in a derogatory way predates him by hundreds of years.
      - salawat 4y ago
        Was referring to the CEO mate, but henceforth noted.
      - horns4lyfe 4y ago
        Ya and no one here has ever heard of it but you. How would that even make sense in that context?
  - Jcowell 4y ago
    The must hate Welch Grape juice
  - dehrmann 4y ago
    > It's an ethnic slur against Welsh people > Etymologists can find no firm evidence that the verb welsh, meaning "to swindle a person by not paying a debt" or "to fail to fulfill an obligation," is derived from Welsh, the people of Wales." https://en.wiktionary.org/wiki/welsh#cite_note-AHG-1 https://en.wiktionary.org/wiki/welsh#cite_note-AHG-1
    - orra 4y ago
      The term is recognised as a slur in the UK https://www.bbc.co.uk/news/uk-politics-33238925 https://www.bbc.co.uk/news/uk-politics-33238925 Besides, Occam's razor applies. The term was coined in England, which is adjacent to Wales and historically has a degree of anti Wales sentiment. Where are any alternative etymologies? There are none.
      - horns4lyfe 4y ago
        It’s a name in this context. Why would they not use someone’s name? To avoid using an obscure slur that no one’s heard of?
  - SnowHill9902 4y ago
    Lol. It’s a name.
  - khochesh_kushat 4y ago
    [flagged]
- rnk 4y ago
  Twitter has almost evaporated. What would someone buy it for today? A billion dollars? Maybe two? He couldn't have more effectively destroyed its value I don't think.
  - ed25519FUUU 4y ago
    By what metric? I’ve been using it every day since Musk took over and the only time I notice things is when people point them out (and people love to point them out). By contrast I couldn’t Netflix to stop buffering last night and the last I heard they haven’t had really any layoffs.
    - lukasb 4y ago
      Well, Elon Musk just sent Twitter employees an email saying it's worth about $20B. He paid $44B for it. https://twitter.com/nytimes/status/1640049750966665218 https://twitter.com/nytimes/status/1640049750966665218
      - thaumasiotes 4y ago
        What was it worth when he took ownership?
        rnk 4y ago
        It's complicated. He offered way too much. He made an incredibly poor deal with them. The market went down after he made his offer. So he put himself into a bad position. Anything is worth what people will pay for it. I thought maybe 10b was what it was worth. And he could have gotten out of it by paying a $1 billion cancel fee, something like that. It appeared his ego prevented him from considering that. But it all goes back to him signing a terrible agreement in the first place.
        detaro 4y ago
        > And he could have gotten out of it by paying a $1 billion cancel fee, something like that I'm not sure why people are still repeating that. No, he couldn't, that fee would have been due if external influence would have prevented him from completing the transaction (e.g. the government banning the sale somehow).

It means: Some idiot (Musk) decided to axe 90% of workers, and the company hasn't completely evaporated (Twitter). Investors; therefore, are jumping on the signal that a bunch of capital is allocated to non-productive work. Therefore, Welch it, trim the fat, give me back my money so I can stop being a source of welfare for techies, and start pouring money into something interesting.

orra 4y ago
I don't know if this is why you were downvoted, but please avoid using the term Welch. It's an ethnic slur against Welsh people.
- erik_seaberg 4y ago
  Jack Welch was CEO of GE, best known for dramatic divestments, layoffs, and stack ranking.
  - orra 4y ago
    That's a retcon. Use of Welch in a derogatory way predates him by hundreds of years.
    - salawat 4y ago
      Was referring to the CEO mate, but henceforth noted.
    - horns4lyfe 4y ago
      Ya and no one here has ever heard of it but you. How would that even make sense in that context?
- Jcowell 4y ago
  The must hate Welch Grape juice
- dehrmann 4y ago
  > It's an ethnic slur against Welsh people > Etymologists can find no firm evidence that the verb welsh, meaning "to swindle a person by not paying a debt" or "to fail to fulfill an obligation," is derived from Welsh, the people of Wales." https://en.wiktionary.org/wiki/welsh#cite_note-AHG-1 https://en.wiktionary.org/wiki/welsh#cite_note-AHG-1
  - orra 4y ago
    The term is recognised as a slur in the UK https://www.bbc.co.uk/news/uk-politics-33238925 https://www.bbc.co.uk/news/uk-politics-33238925 Besides, Occam's razor applies. The term was coined in England, which is adjacent to Wales and historically has a degree of anti Wales sentiment. Where are any alternative etymologies? There are none.
    - horns4lyfe 4y ago
      It’s a name in this context. Why would they not use someone’s name? To avoid using an obscure slur that no one’s heard of?
- SnowHill9902 4y ago
  Lol. It’s a name.
- khochesh_kushat 4y ago
  [flagged]
rnk 4y ago
Twitter has almost evaporated. What would someone buy it for today? A billion dollars? Maybe two? He couldn't have more effectively destroyed its value I don't think.
- ed25519FUUU 4y ago
  By what metric? I’ve been using it every day since Musk took over and the only time I notice things is when people point them out (and people love to point them out). By contrast I couldn’t Netflix to stop buffering last night and the last I heard they haven’t had really any layoffs.
  - lukasb 4y ago
    Well, Elon Musk just sent Twitter employees an email saying it's worth about $20B. He paid $44B for it. https://twitter.com/nytimes/status/1640049750966665218 https://twitter.com/nytimes/status/1640049750966665218
    - thaumasiotes 4y ago
      What was it worth when he took ownership?
      - rnk 4y ago
        It's complicated. He offered way too much. He made an incredibly poor deal with them. The market went down after he made his offer. So he put himself into a bad position. Anything is worth what people will pay for it. I thought maybe 10b was what it was worth. And he could have gotten out of it by paying a $1 billion cancel fee, something like that. It appeared his ego prevented him from considering that. But it all goes back to him signing a terrible agreement in the first place.
        detaro 4y ago
        > And he could have gotten out of it by paying a $1 billion cancel fee, something like that I'm not sure why people are still repeating that. No, he couldn't, that fee would have been due if external influence would have prevented him from completing the transaction (e.g. the government banning the sale somehow).