2 ms·
Dorsey is in a huge bind with runway and lack of revenue. Blaming AI for a massive cut needed just to get by lets investors trick themselves into believing tha
by epistasis 8mo ago
Dorsey is in a huge bind with runway and lack of revenue. Blaming AI for a massive cut needed just to get by lets investors trick themselves into believing that he has a plan that makes the company grow to reach the level of profitability that the stock prices suggests will happen.
And perhaps Dorsey has a long enough of a runway for something to come along to save the company from eventual collapse. Maybe not, since firing 40% of a company tends to put a damper on innovative efforts that would massively grow revenues.