56 minutes ago, Bill said:

I don't know. The internet has been full of companies going belly up.

Having worked at a casino, i have no idea how you can bankrupt one. Your clientele is literally addicted to your product. Keep them clean and have great personalized guest service. It's not that hard.

Plus you are mathematically guaranteed to make money on all the basic transactions in a casino and you even know nearly exactly the rate at which you will profit for each transactions. Services like Twitter do not have well oiled and steady business models. 

 

 

4 hours ago, Bill said:

I don't know. The internet has been full of companies going belly up.

Having worked at a casino, i have no idea how you can bankrupt one. Your clientele is literally addicted to your product. Keep them clean and have great personalized guest service. It's not that hard.

It's the scale and speed that's notable here. It would be similar to buying all of the casinos on the Vegas strip and managing all of them to the brink of failure in two weeks time. 

Anybody have an accounting of how many billions Elon has lost on this boondoggle so far? Not including all the marketing companies pulling out of the dumpster fire he's made.

36 minutes ago, JohnSnowsHair said:

Anybody have an accounting of how many billions Elon has lost on this boondoggle so far? Not including all the marketing companies pulling out of the dumpster fire he's made.

Doubt he cares. He can play the long time

3 minutes ago, ToastJenkins said:

Doubt he cares. He can play the long time

Kinda hard to play the long game if the company collapses no?

Just now, DEagle7 said:

Kinda hard to play the long game if the company collapses no?

It wont collapse completely imo.

this kind of turmoil in the near term had to be expected

15 minutes ago, ToastJenkins said:

It wont collapse completely imo.

this kind of turmoil in the near term had to be expected

I expected turmoil but not "90% of the staff leaves and the buildings are completely closed up" turmoil. Guess we'll see. 

30 minutes ago, ToastJenkins said:

Doubt he cares. He can play the long time

His ego is such that he absolutely cares on some level. He just may be whistling past the graveyard with his Twitter persona. 

The money perhaps can be replaced, but taking a perhaps overvalued but nonetheless functional and attractive marketing engine by way of social media platform and turning it toxic to advertisers in the matter of weeks is going to be a helluva stink to wash off. You're not going to attract a lot of quality software engineers the way he's running things.

 

29 minutes ago, ToastJenkins said:

It wont collapse completely imo.

this kind of turmoil in the near term had to be expected

I think this is a much bigger scale of turmoil than anyone - Musk included - anticipated.

It may have enough inertia to survive but it's going to mean walking back a LOT of what had already been done, and hoping the stink of it doesn't cause the near total loss of talent and institutional knowledge that it appears to be.

These aren't assembly line workers whose jobs can be retrained in weeks. Even if Musk manages to rehire talented engineers it will be months before they can really get a handle on everything.

This was a huge enterprise that needs incremental change to maintain stability if only not to scare off paying customers. His approach has been incredibly reckless and well beyond the high risk/high reward moves that might be necessary in a startup or a flagging established business.

Some people take Twitter way too seriously - it's a just a website, not a way of life.  It must be quite chastening for some Twitter employees who presumed that their job was so important to Twitter and the world, that the platform would wilt without them and it's still there doing what it does.

I did worry for their coders (etc) when the Tesla engineers came in; they know how Musk operates & what he wants, and will have seen how inefficient that platform is in many areas.  My work are of a certain mindset and it attracts certain personalities the more senior you go; Twitter may no longer be the go to place for coders, engineers etc in California, but it's not like there aren't ambitious people elsewhere who will relish the opportunity to make it better and have that on their LinkedIn.  Having certain roles and companies on your record is a good in to better roles elsewhere, so people will tolerate the more austere environment if it helps them get on. Talk of no one wanting to work at Twitter is just silly

There's basically 3 potential paths forward here. These are from least to most likely:

1. Musk bails -- this is what any RATIONAL person would do. Musk files the company for bankruptcy, hands over management control to a CRO (who tries to get staff back), the company is taken over by the banks (they never syndicated the debt) and hopefully stabilizes at some level of EBITDA. Eventually the banks sell out to HFs or PE firms, or it comes back public after some time. Elon nukes the ~$32bn invested by him and his partners, goes back to making cars and rockets.

2. Complete implosion -- given Musk's narcissism and complete lack of managerial ability, this can't be dismissed. The man has been listening to people blow smoke up his arse for years about how he is a genius, can do anything, is the smartest person in the world, etc. So, now he believes it. He just keeps lurching from crazy plan to crazy plan until the app crashes, no one works there, and the banks actually have to foreclose on him.

3. Shutdown and smaller re-launch -- Twitter goes offline for a period of time which Musk uses to try and hire people and re-launch. When it does re-launch, it is a shell of its former self as most people have moved on. This all depends on the length of the shutdown. Couple days = people come back. Weeks or months = business is dead.

Wow, Elon sure has triggered a bunch of you libs since last night lmao. Look how angry and upset you all are!

 

🤣

 

 

$44 Billion to crash and burn the company.

17 minutes ago, UK Eagle said:

Some people take Twitter way too seriously - it's a just a website, not a way of life.  It must be quite chastening for some Twitter employees who presumed that their job was so important to Twitter and the world, that the platform would wilt without them and it's still there doing what it does.

I did worry for their coders (etc) when the Tesla engineers came in; they know how Musk operates & what he wants, and will have seen how inefficient that platform is in many areas.  My work are of a certain mindset and it attracts certain personalities the more senior you go; Twitter may no longer be the go to place for coders, engineers etc in California, but it's not like there aren't ambitious people elsewhere who will relish the opportunity to make it better and have that on their LinkedIn.  Having certain roles and companies on your record is a good in to better roles elsewhere, so people will tolerate the more austere environment if it helps them get on. Talk of no one wanting to work at Twitter is just silly

The offices are currently completely shut down so I wouldn't be too sure about that. 

I also see no indication that these employees left cause they thought that Twitter wouldn't survive without them. They left (despite Musk begging many of them to stay) because they didn't want to work in crappier conditions for a manchild throwing a tantrum. It's the tech industry, they'll all land on their feet. No reason not to take the 3 month vacation courtesy of Space Karen. 

I would LOVE a three-month severance. 

1 hour ago, ToastJenkins said:

It wont collapse completely imo.

this kind of turmoil in the near term had to be expected

Losing up to 90% of your workforce in two weeks was expected? Okey dokey

1 hour ago, JohnSnowsHair said:

I think this is a much bigger scale of turmoil than anyone - Musk included - anticipated.

It may have enough inertia to survive but it's going to mean walking back a LOT of what had already been done, and hoping the stink of it doesn't cause the near total loss of talent and institutional knowledge that it appears to be.

These aren't assembly line workers whose jobs can be retrained in weeks. Even if Musk manages to rehire talented engineers it will be months before they can really get a handle on everything.

This was a huge enterprise that needs incremental change to maintain stability if only not to scare off paying customers. His approach has been incredibly reckless and well beyond the high risk/high reward moves that might be necessary in a startup or a flagging established business.

Exactly. It's not always apparent to those from other industries, but there's an interment level of familiarity that takes months to replace. When you're making such massive cuts without any opportunity for knowledge transfer, the product will inevitably suffer.

53 minutes ago, UK Eagle said:

Some people take Twitter way too seriously - it's a just a website, not a way of life.  It must be quite chastening for some Twitter employees who presumed that their job was so important to Twitter and the world, that the platform would wilt without them and it's still there doing what it does.

I did worry for their coders (etc) when the Tesla engineers came in; they know how Musk operates & what he wants, and will have seen how inefficient that platform is in many areas.  My work are of a certain mindset and it attracts certain personalities the more senior you go; Twitter may no longer be the go to place for coders, engineers etc in California, but it's not like there aren't ambitious people elsewhere who will relish the opportunity to make it better and have that on their LinkedIn.  Having certain roles and companies on your record is a good in to better roles elsewhere, so people will tolerate the more austere environment if it helps them get on. Talk of no one wanting to work at Twitter is just silly

This demonstrates a fundamental misunderstanding of what software product development even is. Nobody in the industry expected the app would stop functioning overnight. 

21 minutes ago, we_gotta_believe said:

This demonstrates a fundamental misunderstanding of what software product development even is. Nobody in the industry expected the app would stop functioning overnight. 

It's funny that I just posted that it's hilarious to see people Tweeting that and then someone comes in here and says it 

Planes will fly by themselves too. Why do we need pilots?

5 minutes ago, Paul852 said:

It's funny that I just posted that it's hilarious to see people Tweeting that and then someone comes in here and says it 

Planes will fly by themselves too. Why do we need pilots?

Probably because the talking points all originate from the same place.

3 hours ago, JohnSnowsHair said:

Anybody have an accounting of how many billions Elon has lost on this boondoggle so far? Not including all the marketing companies pulling out of the dumpster fire he's made.

I’m not a corporate accountant so I’m not we’ll versed in loops holes they use. But I’m sure they can come up with some loop hole voodoo to lessen the blow of  $44B wasted.