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Posted on 11/18/22 at 8:01 am to Bronc
quote:
and Musk is apparently scaring off nearly all the core talent with the institutional knowledge to do it.
This talent has literally made it clear they would never tear down their previous work for Musk. So that's not an option.
Posted on 11/18/22 at 8:05 am to Saint Alfonzo
quote:
As usual, your takes are the dumbest of the dumb. Just throwing out misplaced buzzwords like "LARPING" and "owned" like an idiot. Some people on here might be tech retarded, as opposed to you, who's just good old fashioned retarded.
Like I said last night, Musk runs a company with a much more complicated integration-app system (Tesla) and supposedly the management of that company is the group making the assessments of Twitter.
If this crashes and burns, it's because of the employee base and their zealotry. This is a "cut off your nose to spite your face" or "winning the battle but losing the war" scenario, because if this mutiny does tank Twitter, Silicon Valley is about to make some wholesale changes to the entire industry. No major VCs are going to invest money in companies if this sort of mutiny is possible, so culture is going to be forced to shift dramatically (and this is during a major tech recession so the workers have no real power).
Posted on 11/18/22 at 8:06 am to ReasonableGuy
quote:
You clearly know TWO things... JACK and shite
Please do tell how you plan to run and break even on an international real-time social media platform as Twitter is constructed that operates and maintains apps on dozens of OS’s and requires billions in revenue to sustain itself and its debt obligations? All with 100 or fewer people
Give me your org chart lol
I’ll hang up and listen…
This post was edited on 11/18/22 at 8:07 am
Posted on 11/18/22 at 8:07 am to SlowFlowPro
The irony in all the Twitter hate is that more than half the news posted on TD is from Twitter.
If Twitter closes shop, every thread will be about the weather.
If Twitter closes shop, every thread will be about the weather.
Posted on 11/18/22 at 8:08 am to Bronc
quote:
Please do tell how you plan to run and break even on an international real-time social media platform as Twitter is constructed that operates and maintains apps on dozens of OS’s and requires billions in revenue to sustain itself and its debt obligations? All with 100 or fewer people
You do realize that Twitter was never profitable, right?
And this is a similar pattern across SV, right?
And that the entire industry is about to undergo major changes due to the impending recession and non-0% interest rate environment?
Posted on 11/18/22 at 8:09 am to SlimTigerSlap
quote:
The irony in all the Twitter hate is that more than half the news posted on TD is from Twitter.
If Twitter closes shop, every thread will be about the weather.
Now Reddit? They're screwed.
Posted on 11/18/22 at 8:10 am to SlowFlowPro
quote:
And that the entire industry is about to undergo major changes due to the impending recession and non-0% interest rate environment?
How does this impact the tech industry specifically?
Posted on 11/18/22 at 8:11 am to Bronc
People do realize Musk knows about online business…he created PayPal and sold it to eBay for like a Billion dollars. These clowns acting like he has no idea how to run a company focused on social media and the internet are simply ignorant.
Posted on 11/18/22 at 8:11 am to SlimTigerSlap
quote:Twitter is just a middle man for most of the news linked...people will just go back to directly linking to the source.
The irony in all the Twitter hate is that more than half the news posted on TD is from Twitter.
If Twitter closes shop, every thread will be about the weather.
Posted on 11/18/22 at 8:12 am to SlowFlowPro
quote:
You do realize that Twitter was never profitable, right?
And this is a similar pattern across SV, right?
And that the entire industry is about to undergo major changes due to the impending recession and non-0% interest rate environment?
exactly...i hear all the dumbass non business people saying.....he is screwing up the ad revenue etc
newsflash...twitter was losing its mother fricking arse monthly.
i also love how people think twitter is suddenly going to be run in the ground because he let everyone go. like he doesnt have time to bring in his own people
people are reacting to this shite in real time thinking things have to be fixed immediately. its laughable
in a year...twitter will be rocking way better than it ever has. 90% of its user base couldnt care less about the politics of the employees nor do they engage in political discourse on there.
Posted on 11/18/22 at 8:14 am to 10MTNTiger
quote:
People do realize Musk knows about online business…he created PayPal and sold it to eBay for like a Billion dollars. These clowns acting like he has no idea how to run a company focused on social media and the internet are simply ignorant.
Bronc joins the chat....
Posted on 11/18/22 at 8:15 am to upgrayedd
quote:
How does this impact the tech industry specifically?
The tech industry has been one of the primary drivers of economic and wealth growth post-2008. A lot of that was fueled by the 0% interest rate life, which allowed lots of investment and cheap money to be injected into the system. There was no other industry where finding a unicorn was as possible as big tech, so it had the largest amount of private investment.
Tech is also the only industry where making a profit was not the primary focus, which was, again, fueled by the ability to raise lots of cheap money instead of making profits. Stock prices and the hope of a major IPO was the focus, which, when combined with a bubble, leads to major over-valuations of non-profitable companies.
That bubble popped a few months ago and it's about to get bloody.
Posted on 11/18/22 at 8:16 am to SlowFlowPro
quote:
You do realize that Twitter was never profitable, right?
It was, in 2018 and 2019.
quote:
And that the entire industry is about to undergo major changes due to the impending recession and non-0% interest rate environment?
That's true. It's exceedingly hilarious we are getting companies that had no real products going down when interest rates are just a tick below their 30-year average. The last decade of low rates really drove investment in a bunch of idiotic stuff.
Posted on 11/18/22 at 8:17 am to lsu777
Twitter is getting the headlines for celebrity/partisan/scale reasons, but it's a canary in the coal mine.
All of the issues Twitter is having are about to be seen across the industry.
All of the issues Twitter is having are about to be seen across the industry.
Posted on 11/18/22 at 8:18 am to SlowFlowPro
It was for two years, but not sure what that has to do with this absurd take that not only is everything fine right now under Musk, the place could operate with less than 100 people.
I mean sure, if you like your Twitter crawling with broken code, apps that will never again be updated, rampant fraudsters, 4chan level shitposting everywhere, and a large influx of child porn, but I’m not sure that version of the site will stave off the 1.2 billion in interest payments Musk has to keep paying….
Fact is the foundation Twittter set up is uniquely problematic. It’s like piling 100 million people into the OT and needing advertiser dollars to pay for everything.
Discord and Reddit, or even places like here, figured out a long time ago that you can self regulate and offload a lot of necessary moderation by simply segmenting the platform the right way….or just maintaining a smaller footprint
Since Twitter is just like one big OT, except every post is potentially a new thread, that makes that whole exercise much more difficult and expensive to operate and execute.
I mean sure, if you like your Twitter crawling with broken code, apps that will never again be updated, rampant fraudsters, 4chan level shitposting everywhere, and a large influx of child porn, but I’m not sure that version of the site will stave off the 1.2 billion in interest payments Musk has to keep paying….
Fact is the foundation Twittter set up is uniquely problematic. It’s like piling 100 million people into the OT and needing advertiser dollars to pay for everything.
Discord and Reddit, or even places like here, figured out a long time ago that you can self regulate and offload a lot of necessary moderation by simply segmenting the platform the right way….or just maintaining a smaller footprint
Since Twitter is just like one big OT, except every post is potentially a new thread, that makes that whole exercise much more difficult and expensive to operate and execute.
This post was edited on 11/18/22 at 8:20 am
Posted on 11/18/22 at 8:18 am to Chicken
It's been amazing for Russia/Ukraine war updates.
Posted on 11/18/22 at 8:20 am to lsu777
quote:I haven't paid too close attention to the details but how was Twitter able to stay afloat with all these monthly losses?
newsflash...twitter was losing its mother fricking arse monthly.
Posted on 11/18/22 at 8:20 am to crazy4lsu
quote:
It was, in 2018 and 2019.
I didn't know that. I had read it never made any money.
I'll put it this way, then, it's total historical accounting is way in the red and it was not profitable recently.
quote:
The last decade of low rates really drove investment in a bunch of idiotic stuff.
Yeah I mean I spent yesterday talking about the crypto bubble but the tech bubble had a lot of tulips for sale itself.
I posted on here in the summer of 2008 that we may be in the peak of humanity for a long while and I hate to see that may be true. We never have really dealt with the economic effects of that crash, and we've just added black powder to the bomb with the past decade of 0% interest rates propping up the economy with a constant stream of bubbles.
Posted on 11/18/22 at 8:21 am to Chicken
quote:
I haven't paid too close attention to the details but how was Twitter able to stay afloat with all these monthly losses?
Publicly traded.
This post was edited on 11/18/22 at 8:23 am
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