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> Elon dumped 80% of Twitter staff and it didn't collapse. Have you looked at a graph of Twitter revenue and profit recently (hint: it is very low). Nobody has

> Elon dumped 80% of Twitter staff and it didn't collapse. Have you looked at a graph of Twitter revenue and profit recently (hint: it is very low). Nobody has ever claimed that you cannot fire all the employees and keep Twitter online with a skeleton crew; the claim has always been that you can't do that _and remain a viable business_.

Workaccount2 1y ago
Twitter is now a private company and doesn't share financial numbers. The only insight we have is that the banks that were stuck with the debt from the purchase (the banks who loaned Elon money) were recently able to find buyers for that debt. That is not a sign of bad financial health or diminishing value.
- sealeck 1y ago
  Have you considered why investors were bidding something like 60 cents on the dollar right until Trump's election? (Hint: because Elon has been using the US government to press companies into buying his ad product, despite the fact that it is materially worse than Google or Facebook's). > The only insight we have This is untrue. There's fairly credible reporting (e.g. in the FT) that Twitter's reveue numbers have bottomed and they are not making money. Of course, a lot of these problems are being disguised by the fact that Elon Musk has merged in xAI (and investors are very happy to pile money into AI without even the slightest due diligence).
  - ekianjo 1y ago
    credible reporting based on what exactly?
    - sealeck 1y ago
      Credible reporting based on what institutions the banks have tried to offload the Twitter debt to have said.
furyofantares 1y ago
> Nobody has ever claimed that you cannot fire all the employees and keep Twitter online with a skeleton crew Lots of people claimed that, it was a common claim, even on HN, which was odd to me because I felt it had been common for 10 years on HN to wonder what the heck these companies are doing with 80% of their employees.
- dgfitz 1y ago
  case in point: https://news.ycombinator.com/item?id=23934982 https://news.ycombinator.com/item?id=23934982

Workaccount2 1y ago

Twitter is now a private company and doesn't share financial numbers. The only insight we have is that the banks that were stuck with the debt from the purchase (the banks who loaned Elon money) were recently able to find buyers for that debt. That is not a sign of bad financial health or diminishing value.

sealeck 1y ago
Have you considered why investors were bidding something like 60 cents on the dollar right until Trump's election? (Hint: because Elon has been using the US government to press companies into buying his ad product, despite the fact that it is materially worse than Google or Facebook's). > The only insight we have This is untrue. There's fairly credible reporting (e.g. in the FT) that Twitter's reveue numbers have bottomed and they are not making money. Of course, a lot of these problems are being disguised by the fact that Elon Musk has merged in xAI (and investors are very happy to pile money into AI without even the slightest due diligence).
- ekianjo 1y ago
  credible reporting based on what exactly?
  - sealeck 1y ago
    Credible reporting based on what institutions the banks have tried to offload the Twitter debt to have said.

furyofantares 1y ago

> Nobody has ever claimed that you cannot fire all the employees and keep Twitter online with a skeleton crew Lots of people claimed that, it was a common claim, even on HN, which was odd to me because I felt it had been common for 10 years on HN to wonder what the heck these companies are doing with 80% of their employees.

dgfitz 1y ago
case in point: https://news.ycombinator.com/item?id=23934982 https://news.ycombinator.com/item?id=23934982