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You learned the wrong lesson. Twitter is dying and operating at a significantly degraded level, including moderation, content filtering, ad positioning, which c

You learned the wrong lesson. Twitter is dying and operating at a significantly degraded level, including moderation, content filtering, ad positioning, which caused a third or fourth mass advertiser exodus just few days ago. Also. Leading the world in revolutionary AI is not exactly like maintaining a pre-existing message app. Twitter: - Had 7500 employees before Musk fired most of them. - Now 1300, of which 550 are full-time devs. - That's a company valuated at less than $16 billion currently, and losing about $2 billion a year. OpenAI: - Has 700 employees, including world-leading scientists and researchers that are practically irreplaceable. - If they resign, it'll have 14 employees. - For a company that before Sam Altman was fired was valuated at $90 billion.

phpisthebest 3y ago
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- 3cats-in-a-coat 3y ago
  I've pretty good ways to know that. - The puffed-up internal valuation of the company (for employee stock options) is $19 billion. - There's a $15 valuation is by an independent financial services company (Fidelity). - Elon saved ~$2 billion by firing a lot of his workforce (and closing one datacenter), but also... - Lost over $3 billion out of $5 billion ad-revenue a year ago. - And added $1 billion of interest payments (per annum) on a $13 billion loan. - Twitter was roughly break-even prior. 5B - 5B + 2B - 3B - 1B = -2B / annum The monetization (Premium etc.) are not even making up for 1% of that. Do you need the math on that too? There's nothing controversial in what I'm saying. This is pretty much the actual situation.