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Message
re: Elon tweeted Twitter was losing $4M/day!
Posted on 11/4/22 at 11:52 pm to LSUAngelHere1
Posted on 11/4/22 at 11:52 pm to LSUAngelHere1
Well, he reinstated My Pillow Mike
Mike Lindell
@MikeJLindell1
I'm back!!! Thanks Elon Musk
7:58 PM · Nov 4, 2022
Who can now spend ad money with Twitter since the other woke companies cancelled him too.
As for 3 months pay for fired emoloyees he should make it required they go to (deprogramming) classes to earn their check. Ideas:
1. Ride along with cop for a night shift
2. Classes on Constitution
3. Pick up human poop on sidewalks of SF for 1 day
4. Attend a MAGA rally and learn how freindly conservatives are
5. Bring Bordor Patrol in to give 1 day classes on invasion
6. 1 day class on raw materials it takes to make 1 car battery plus show disposal problem at end of life
Just to name a few. Since still employed yet locked out classes would be at off site locations. Every one needs deprogrammed from years of brainwashing
Mike Lindell
@MikeJLindell1
I'm back!!! Thanks Elon Musk
7:58 PM · Nov 4, 2022
Who can now spend ad money with Twitter since the other woke companies cancelled him too.
As for 3 months pay for fired emoloyees he should make it required they go to (deprogramming) classes to earn their check. Ideas:
1. Ride along with cop for a night shift
2. Classes on Constitution
3. Pick up human poop on sidewalks of SF for 1 day
4. Attend a MAGA rally and learn how freindly conservatives are
5. Bring Bordor Patrol in to give 1 day classes on invasion
6. 1 day class on raw materials it takes to make 1 car battery plus show disposal problem at end of life
Just to name a few. Since still employed yet locked out classes would be at off site locations. Every one needs deprogrammed from years of brainwashing
This post was edited on 11/4/22 at 11:54 pm
1
Posted on 11/5/22 at 1:22 am to Loserman
quote:
But by giving the 90 days and saying they are still twitter employees until the 90 days is up, he has removed that law from being used.
I completely get what you are saying. It's just a bit off. You don't use or remove laws. You either follow them or you don't. He is following the law.
Posted on 11/5/22 at 1:54 am to LSUAngelHere1
Worth $45 Billion ??
Posted on 11/5/22 at 2:02 am to Trauma14
I’m pretty sure all those severance packages come with paperwork they have to sign stating the terms of the 90 day agreement. If they don’t sign they won’t get the 90 days, only the amount obligated by law, which seems to be 60 days.
Also pretty sure even if they don’t sign the 90 day severance, they are bound by employment contracts they originally signed for the duration of the 60 days.
Also pretty sure even if they don’t sign the 90 day severance, they are bound by employment contracts they originally signed for the duration of the 60 days.
Posted on 11/5/22 at 5:33 am to LSUAngelHere1
From David Karpf's Substack -
Elon Musk has turned Twitter from a minimally-functioning company into a distressed asset. And he did it in a week.
Kind of impressive, actually. Let’s talk about it.
First up is Dave Karpf’s newsletter:
Elon’s first week running Twitter has gone worse than I expected. I said last week that I thought the platform would be pretty much unchanged in 1-3 months and then effectively dead within a year. Now it’s looking like it’ll be pretty different in 1-3 weeks and effectively dead within six months. (Nice job, Elon. You spent $44 billion to bring back the fail whale.)
Elon, it seems, is on tilt.
I’ve played a fair amount of poker over the years. One thing you sometimes see at the card table is a pretty good player who, once they’ve lost a good chunk of money, starts trying too hard to win their money back very fast. Bad luck early begets bad decisions late. . . .
Consider this scenario: imagine Elon waits a month, insisting they’re conducting a thorough product review and developing a long-term strategy for growth, sustainability, and profitability. Then he announces that their first major initiative is to revamp and improve the existing Twitter Blue service. The price will go up from $5/month to $8/month. It will include an additional verification pathway, along with a couple other new features. He also describes how this is going to fit into their strategy to combat spammers and scammers.
I suspect that would’ve gone over pretty well. They would need to come up with a plan for how new-verified meshes with old-verified (as Jason Goldman suggested on Twitter, you can easily solve this by making the check marks different colors). They would need to set the right price point ($8/month, not $20/month). They would need the other features to be compelling. But it all sounds like the type of thing that Twitter-as-we-know-it might do if it was better-managed. Sure doesn’t sound like a platform-ending nightmare.
Compare that scenario to how Elon (And Calcanis, and David Sacks) actually framed their idea this week: (1) Leaked the proposal to scrap the old verification system and start charging power users $20/month for their previously-free verification badge. (2) bargained down to $8/month in a reply to Stephen King because “We need to pay the bills somehow!” (3) Insisted this was a grand populist move, describing the current setup as “Twitter’s lords and peasants system.” (4) Tweeting “you get what you pay for.” (5) Tweeting “To all complainers, please continue complaining, but it will cost $8.” (6) Retweeting David Sacks’s tweet “The entitled elite is not mad that they have to pay $8/month. They’re mad that anyone can pay $8/month.”
This is maybe the worst imaginable way to frame the new Twitter Blue. Musk is effectively saying “hey, I spent $44 billion to own this thing, and have to come up with an extra billion per year to cover the debt payments. We’re all going to have to chip in to make this work. Don’t be cheapskates, alright?” Then he’s describing the power-users who are the platform’s most valuable asset (for free) as elitist snobs who need to start paying to keep the privileges they’ve been given.
This is exactly the dynamic I was talking about last week when I said that while it was theoretically possible that Musk could improve Twitter, in practice, the $13 billion debt load he saddled the company with makes improvement unlikely. He needs cashflow über alles.
That’s why he’s firing half the staff to save on outflows and simultaneously thrashing about trying to juice revenue. It’s not going to work. You cannot ship new products for a mature platform, on the fly, with half the workforce (and institutional knowledge) gone.
LINK
Elon Musk has turned Twitter from a minimally-functioning company into a distressed asset. And he did it in a week.
Kind of impressive, actually. Let’s talk about it.
First up is Dave Karpf’s newsletter:
Elon’s first week running Twitter has gone worse than I expected. I said last week that I thought the platform would be pretty much unchanged in 1-3 months and then effectively dead within a year. Now it’s looking like it’ll be pretty different in 1-3 weeks and effectively dead within six months. (Nice job, Elon. You spent $44 billion to bring back the fail whale.)
Elon, it seems, is on tilt.
I’ve played a fair amount of poker over the years. One thing you sometimes see at the card table is a pretty good player who, once they’ve lost a good chunk of money, starts trying too hard to win their money back very fast. Bad luck early begets bad decisions late. . . .
Consider this scenario: imagine Elon waits a month, insisting they’re conducting a thorough product review and developing a long-term strategy for growth, sustainability, and profitability. Then he announces that their first major initiative is to revamp and improve the existing Twitter Blue service. The price will go up from $5/month to $8/month. It will include an additional verification pathway, along with a couple other new features. He also describes how this is going to fit into their strategy to combat spammers and scammers.
I suspect that would’ve gone over pretty well. They would need to come up with a plan for how new-verified meshes with old-verified (as Jason Goldman suggested on Twitter, you can easily solve this by making the check marks different colors). They would need to set the right price point ($8/month, not $20/month). They would need the other features to be compelling. But it all sounds like the type of thing that Twitter-as-we-know-it might do if it was better-managed. Sure doesn’t sound like a platform-ending nightmare.
Compare that scenario to how Elon (And Calcanis, and David Sacks) actually framed their idea this week: (1) Leaked the proposal to scrap the old verification system and start charging power users $20/month for their previously-free verification badge. (2) bargained down to $8/month in a reply to Stephen King because “We need to pay the bills somehow!” (3) Insisted this was a grand populist move, describing the current setup as “Twitter’s lords and peasants system.” (4) Tweeting “you get what you pay for.” (5) Tweeting “To all complainers, please continue complaining, but it will cost $8.” (6) Retweeting David Sacks’s tweet “The entitled elite is not mad that they have to pay $8/month. They’re mad that anyone can pay $8/month.”
This is maybe the worst imaginable way to frame the new Twitter Blue. Musk is effectively saying “hey, I spent $44 billion to own this thing, and have to come up with an extra billion per year to cover the debt payments. We’re all going to have to chip in to make this work. Don’t be cheapskates, alright?” Then he’s describing the power-users who are the platform’s most valuable asset (for free) as elitist snobs who need to start paying to keep the privileges they’ve been given.
This is exactly the dynamic I was talking about last week when I said that while it was theoretically possible that Musk could improve Twitter, in practice, the $13 billion debt load he saddled the company with makes improvement unlikely. He needs cashflow über alles.
That’s why he’s firing half the staff to save on outflows and simultaneously thrashing about trying to juice revenue. It’s not going to work. You cannot ship new products for a mature platform, on the fly, with half the workforce (and institutional knowledge) gone.
LINK
Posted on 11/5/22 at 6:02 am to Eurocat
quote:
From David Karpf's Substack -
I don't know who that soyboy is. But I disagree with much of his ramblings. He doesn't mention elon's vision for the company at all- just blasts him and says twitter will fail.
quote:
It’s not going to work. You cannot ship new products for a mature platform, on the fly, with half the workforce (and institutional knowledge) gone.
This is why the company can grow. Getting rid of the rot
Posted on 11/5/22 at 6:10 am to cwill
quote:
cwill
McDonalds didn’t do this for you?
Posted on 11/5/22 at 8:02 am to Eurocat
You, twat, stop posting entire essays of progressive retards.
Post that shite at DU with your fellow commies.
Damn. You people have zero self awareness.
Post that shite at DU with your fellow commies.
Damn. You people have zero self awareness.
Posted on 11/5/22 at 8:42 am to cwill
quote:
Great purchase.
Judging by how the left is losing their shite over it, I agree.
Posted on 11/5/22 at 8:51 am to cwill
quote:
None of that negates the fact he overpaid.
Serious question, why do you care? You sky screaming morons are all in a tizzy because he may have overpaid. So fricking what? It's not your money. If he wants to stuff his money up a dead buzzard's arse what business is it of yours?
Posted on 11/5/22 at 8:54 am to bamarep
Because it's fun to see a billionaire fall flat on his face because of him making a spur of the moments decision because he thinks his sh*t doesn't stink?
Maybe that is why we care.
Maybe that is why we care.
Posted on 11/5/22 at 8:57 am to Eurocat
So he's "fell flat on his face" 8 days after buying a company? That's rich.
You morons care because you've lost your propaganda sound board. You've lost your unfettered echo chamber to shape the narrative with your millions of bots.
Maybe that's why you care.
You morons care because you've lost your propaganda sound board. You've lost your unfettered echo chamber to shape the narrative with your millions of bots.
Maybe that's why you care.
Posted on 11/5/22 at 9:00 am to LSUAngelHere1
So how come Dorsey is a Billionaire?
Posted on 11/5/22 at 9:11 am to tigerpawl
quote:
So how come Dorsey is a Billionaire?
Because of the stock price
Posted on 11/5/22 at 9:19 am to stout
That doesn't arithmetic in the real world. Stock prices from companies that lose massive amounts of money do not climb.
Not unless the books were cooked.
Not unless the books were cooked.
Posted on 11/5/22 at 9:22 am to bamarep
quote:
Serious question, why do you care?
Because they’re mad.
Posted on 11/5/22 at 9:53 am to bamarep
quote:
That doesn't arithmetic in the real world. Stock prices from companies that lose massive amounts of money do not climb.
Obviously you don't follow tech stocks.
Posted on 11/5/22 at 9:58 am to LSUAngelHere1
Needs to bring in some My Pillow and Black Rifle Coffee Company ad revenue to replace the woke companies opting out.
Posted on 11/5/22 at 10:10 am to cwill
quote:
Great purchase.
Ironic considering you were like a moth to a flame on this board pontificating to free speech advocates and Conservatives they should just start their own twitter, google, et al.
Well, he may take a short-term loss, but the world is better off for his purge of your fellow fascists and Newspeak simpletons.
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