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Twitter was doing fine. By taking it private, he saddled it with massive debt its current revenue couldn’t service. And every decision thereafter has been half
by rlglwx 3y ago
Twitter was doing fine. By taking it private, he saddled it with massive debt its current revenue couldn’t service. And every decision thereafter has been half baked and poorly executed. So by trying to “save” it, he’s killing it much quicker than if it had just been left alone.
- Turing_Machine 3y ago> Twitter was doing fine. It was losing $4 million per day.
- deleted 3y ago[deleted]
- jeltz 3y agoThat is not at all what looking at their financials say. Twitter was a very profitable company which over hired like crazy in 2021. This could have been solved without gong crazy like Musk did. Just do responsible layoffs. https://www.macrotrends.net/stocks/delisted/TWTR/twitter/ebitda https://www.macrotrends.net/stocks/delisted/TWTR/twitter/ebi... https://www.macrotrends.net/stocks/delisted/TWTR/twitter/number-of-employees https://www.macrotrends.net/stocks/delisted/TWTR/twitter/num...
- nickthegreek 3y agoThere are no articles to confirm that it was losing $4m a day prior to the acquisition. This is a number that Elon put out (post acquisition) to justify layoffs.
- Turing_Machine 3y agoThere are no articles to confirm that it wasn't, either. As for justifying layoffs, Twitter (or X, or whatever it is) seems to be working just fine, despite the dire predictions that the whole thing was going to die within days.
- nickthegreek 3y agoNo article to confirm that the made up thing isnt real? Your point is ridiculous.
- Turing_Machine 3y agoUmmm... Twitter is still working, despite the dire predictions. No matter what the actual number was, it's clear that Twitter was wasting one hell of a lot of money.