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> supposedly Twitter would die in 3 days without their staff. I agree people tend to overreact and overblow expected consequences, but I mean, twitter's valuat

> supposedly Twitter would die in 3 days without their staff. I agree people tend to overreact and overblow expected consequences, but I mean, twitter's valuation is down 80%[0] and they haven't released anything new in two years, after exhausting the backlog of already developed things. It's not going great. [0] https://www.forbes.com/sites/tylerroush/2024/09/30/elon-musks-x-is-now-worth-around-a-fifth-of-the-44-billion-he-paid-for-it-fidelity-says/ https://www.forbes.com/sites/tylerroush/2024/09/30/elon-musk...

purplethinking 2y ago
Valuation has no relevance to the layoffs. The valuation is down because brands left due to Elon's politics.
- throwaway314155 2y ago
  Por que no los dos?
gonzobonzo 2y ago
There referring to the people who claimed that Twitter would break down following the large scale firings. Every time Twitter went done for a little bit after that, lots of comments here would pop up claiming that the Twitter site would get worse and worse and eventually break apart because of the firings (see the whole discussion here[1], for example). People said Musk didn't know what he was doing, and wouldn't be able to keep the site up long term after the layoffs. Despite the fact that these predictions ended up being completely wrong, there seems to have been very little reflection from the people who were making them. [1] https://news.ycombinator.com/item?id=35043433 https://news.ycombinator.com/item?id=35043433
- mlnj 2y ago
  The way I see it all these supposed "inefficiencies" got twitter a valuation of 44B and a hub for people across the spectrum to congregate. Firing all these people and goining hardcore mode has only slashed the value of the company by 80% and even more of a cesspool of bots and misinformation, not to mention the exodus of advertisers and a large portion of users. So yeah. Good job.
  - gonzobonzo 2y ago
    This is a good example of moving the goals posts. There were lot of claims that [A] would happen. In the end, [A] didn't happen. People say, "maybe it's time to admit that the claims that [A] would happen were wrong," and the reply is "no, [B] happened, so it doesn't matter." It's certainly possible to argue that Musk hasn't done a good job of running Twitter. But the claim - made by many people here - that the site wouldn't remain function after 80% of the staff was laid off certainly proved to be incorrect.
Sebb767 2y ago
> they haven't released anything new in two years, after exhausting the backlog of already developed things. I'm not a Twitter user, so I might miss the lack of some essential features, but it seems to me that the platform is mostly feature-complete. Just further bloating the software for the sake of it is not necessary a good strategy, yet it is one that a lot of startups follow, just because that VC R&D money has to go somewhere.

purplethinking 2y ago

Valuation has no relevance to the layoffs. The valuation is down because brands left due to Elon's politics.

throwaway314155 2y ago
Por que no los dos?

gonzobonzo 2y ago

There referring to the people who claimed that Twitter would break down following the large scale firings. Every time Twitter went done for a little bit after that, lots of comments here would pop up claiming that the Twitter site would get worse and worse and eventually break apart because of the firings (see the whole discussion here[1], for example). People said Musk didn't know what he was doing, and wouldn't be able to keep the site up long term after the layoffs. Despite the fact that these predictions ended up being completely wrong, there seems to have been very little reflection from the people who were making them. [1] https://news.ycombinator.com/item?id=35043433 https://news.ycombinator.com/item?id=35043433

mlnj 2y ago
The way I see it all these supposed "inefficiencies" got twitter a valuation of 44B and a hub for people across the spectrum to congregate. Firing all these people and goining hardcore mode has only slashed the value of the company by 80% and even more of a cesspool of bots and misinformation, not to mention the exodus of advertisers and a large portion of users. So yeah. Good job.
- gonzobonzo 2y ago
  This is a good example of moving the goals posts. There were lot of claims that [A] would happen. In the end, [A] didn't happen. People say, "maybe it's time to admit that the claims that [A] would happen were wrong," and the reply is "no, [B] happened, so it doesn't matter." It's certainly possible to argue that Musk hasn't done a good job of running Twitter. But the claim - made by many people here - that the site wouldn't remain function after 80% of the staff was laid off certainly proved to be incorrect.

Sebb767 2y ago

> they haven't released anything new in two years, after exhausting the backlog of already developed things. I'm not a Twitter user, so I might miss the lack of some essential features, but it seems to me that the platform is mostly feature-complete. Just further bloating the software for the sake of it is not necessary a good strategy, yet it is one that a lot of startups follow, just because that VC R&D money has to go somewhere.