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Started By
Message
re: Twitter Purge continues, Offices Locked Down Until Monday?
Posted on 11/18/22 at 8:22 am to Bronc
Posted on 11/18/22 at 8:22 am to Bronc
quote:
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 never said it could operate with less than 100 people, but if it wants to survive, its employee count is going to be closer to 100 than the 3000 it had pre-Musk.
The thing is this was true whether Elon took it over or not. This same path was going to happen, it's just accelerated due to lefties melting down and sabotaging the transition. That's not on Elon.
Tesla has a more complicated system-integration (not to mention insanely more advanced R/D like its AI tech) and substantially fewer employees. No reason why Twitter needs more than Tesla.
But this is an industry-wide thing. Tesla is just the first making the news (for partisan-celebrity-scale reasons).
This post was edited on 11/18/22 at 8:23 am
2
Posted on 11/18/22 at 8:24 am to Chicken
quote:
thly.I haven't paid too close attention to the details but how was Twitter able to stay afloat with all these monthly losses?
Like a lot of boom companies(especially in tech), lots of investor group think, debt financing, and irrational trust in the viability of the project.
Also helps keep things going when a billionaire wants to pay above market value for your company and take on even more debt with the company to do it…
Posted on 11/18/22 at 8:25 am to SlimTigerSlap
quote:right, but at some point the cash reserves run out...and hopefully before that, the shareholders demand changes.
Publicly traded.
Posted on 11/18/22 at 8:26 am to SlowFlowPro
quote:
I'll put it this way, then, it's total historical accounting is way in the red and it was not profitable recently.
I don't think their pattern of net profit/loss was all that unusual for startups during the last decade. Before 2020, they a net profit of around 286 million from 2011-2019. 2020 saw a massive loss though.
quote:
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.
I understand what the ultimate goal of that was, as the inverse was Japanification, especially now with birth rates crashing and very little immigrant inflow (I think). We might end up there anyway and end back up with QE as well.
What strikes me is the difference between this era and something like the Gilded Age. In the latter era, the great 'swindlers' still invested in capital projects. This era of neoliberalism taken to its extreme has resulted in a bunch of speculative projects with no real purpose. Whatever you can say about Musk, at least he is attempting to produce things with Tesla and SpaceX.
Posted on 11/18/22 at 8:29 am to Chicken
quote:
right, but at some point the cash reserves run out...and hopefully before that, the shareholders demand changes.
Elon was the biggest shareholder and he demanded change.
Posted on 11/18/22 at 8:33 am to SlowFlowPro
quote:
than the 3000 it had pre-Musk.
They had around 7500 before musk. Just an insane amount of people for what Twitter is.
This post was edited on 11/18/22 at 8:33 am
Posted on 11/18/22 at 8:34 am to Bronc
(no message)
This post was edited on 2/9/23 at 3:35 pm
Posted on 11/18/22 at 8:35 am to SlowFlowPro
quote:
The thing is this was true whether Elon took it over or not.
Correct, and it already was happening. Twitter was in the process of cutting about 30% of the staff.
quote:
its employee count is going to be closer to 100 than the 3000 it had pre-Musk.
I really don’t think some of you grasp the enormous level of manpower it takes to sustain a platform like this.
This isn’t some 900 member phbb board, or a piece of software that you just release updates for. This is a real time updating social media platform operating across the globe on dozens of OS specific apps with a complex tech stack that needs constant attention and a lot of advertising dollars to sustain. Requiring real-time moderation of a user base of over 350 million people, with 100’s of millions of posts a day across dozens of languages.
Someone mentioned Zoom, but it would be like if Zoom gave away their licensing for free and needed to moderate what people say on every Zoom call all the time.
We’ll see how it plays out with Musk, but despite some of his worshippers assumptions, he is not a programmer, he is not an engineer, and even if he was, he and a few loyalists can’t alone sustain this operational model, and if it’s true he is about to lapse 88% of his staff, and with it an abundance of institutional knowledge, he might be in for some rough waters when those interest payments totaling 1.2 billion annually come up soon
This post was edited on 11/18/22 at 8:37 am
Posted on 11/18/22 at 8:43 am to crazy4lsu
quote:
I don't think their pattern of net profit/loss was all that unusual for startups during the last decade.
I'm not saying it's different. Twitter is the canary in the coal mine with all of SV/Big Tech.
Posted on 11/18/22 at 8:46 am to Bronc
quote:
I really don’t think some of you grasp the enormous level of manpower it takes to sustain a platform like this.
Then these platforms won't exist anymore. That's the problem with your argument.
This paradigm is not sustainable.
Posted on 11/18/22 at 8:46 am to Bronc
Again, we are asking your all-knowing self....
What true, insider knowledge do you have about Twitter's platform and what it takes to run it. You and other lefties here speak as if you have sat in meetings or worked in the offices and know what it entails.
Enlighten all of us on exactly what is consists of and what it takes to run it.
Until you can speak to that, we will just keep lobbing insults at your dumb arse because that's all you ever do here. You offer NOTHING of substance but your NPC talking points. Deliver something specific and useful for once.
What true, insider knowledge do you have about Twitter's platform and what it takes to run it. You and other lefties here speak as if you have sat in meetings or worked in the offices and know what it entails.
Enlighten all of us on exactly what is consists of and what it takes to run it.
Until you can speak to that, we will just keep lobbing insults at your dumb arse because that's all you ever do here. You offer NOTHING of substance but your NPC talking points. Deliver something specific and useful for once.
Posted on 11/18/22 at 8:49 am to SlowFlowPro
quote:
I'm not saying it's different. Twitter is the canary in the coal mine with all of SV/Big Tech.
Twitter was more successful than other startups like Uber, who have been barely profitable, and are now arguably worse than taxis.
Posted on 11/18/22 at 8:50 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?
extremely low interest rates until lately and irrational investors.
like SFP said, this is pretty much industry wide in that sector. Google prolly doing the best out of the big ones and even then....they are being asked by investors to cut overhead.
Posted on 11/18/22 at 8:57 am to Bronc
(no message)
This post was edited on 2/9/23 at 3:35 pm
Posted on 11/18/22 at 9:11 am to TigerIron
quote:
But Twitter doesn't need to moderate every tweet. Musk explicitly wants to dial down the level of moderation way down.
Lucky Charms doesn’t want to advertise next to a thousand posts spamming the N word or child porn. Or have their likeness on the platform fraudulently impersonated and tank their stock price. Hence major dollar advertisers are pausing their spending to Twitter LINK
Something Musk has already learned the hard way and pulled his unverified blue check model and promised investors/advertisers he was not going to let Twitter devolve into a hellscape.
Turns out, if you want to sustain a business that relies on major dollar advertisers, you might want to avoid letting your platform devolve into a hotbed of Nazi posts and fraudsters else advertisers might get skittish….almost like Twitter wasn’t just operating their business like some ideological project, they had business reasons for many of the choices they made and Musk is backwards walking right into the same ones
quote:
You might start with the realization that, just like the people you are saying are full of it (and me, and everyone), you tend to believe things to be true because you want them to be true.
You mean like the part where I said “if it’s true” leaving the possibility that these so far not concretely verified rumors may not be fully accurate…
This post was edited on 11/18/22 at 9:13 am
Posted on 11/18/22 at 9:13 am to Bronc
Even if Twitter goes down, what it provided is still valuable and I’m willing to bet someone will make a similar app. Similar to Vine and TikTok
Posted on 11/18/22 at 9:23 am to TomJoadGhost
quote:
think his point was Elon isn’t the business genius many here believe him to be.
You’re absolutely correct. I concur. There’s absolutely no way that Elon amassed his fortunes through SpaceX and Tesla but by being a fair to mediocre business man. He clearly had $44B frick you money by barely scraping by and not understanding how to run very strong multi billion dollar corporations
Posted on 11/18/22 at 9:26 am to Bronc
Every Bronc post ever:
Nazis!
Nazis!
Posted on 11/18/22 at 9:30 am to Bronc
quote:
Turns out, if you want to sustain a business that relies on major dollar advertisers, you might want to avoid letting your platform devolve into a hotbed of Nazi posts
It is hard to read your posts here with this level of drama and not just presume you are in a fit of hysteria which is causing you to be very biased in your forecasts/analysis.
Posted on 11/18/22 at 9:34 am to Bronc
quote:
Turns out, if you want to sustain a business that relies on major dollar advertisers, you might want to avoid letting your platform devolve into a hotbed of Nazi posts and fraudsters else advertisers might get skittish….almost like Twitter wasn’t just operating their business like some ideological project, they had business reasons for many of the choices they made and Musk is backwards walking right into the same ones
Once again, NOTHING of substance is offered. Like every Progressive, the part above speaks volumes about what is really pissing them off.
They can't censor who they want any longer, so now everything is "nazi" posts. Yet, when Twitter was banning everyone they disagreed with, while allowing terrorist organizations to openly run/plan burning cities, this was all good.
So, again, I ask: What insider knowledge do you have that we don't, other than you are mad that "nazis" may get to post something you don't like.
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