Twitter locks staff out of offices until next week
It comes amid reports that large numbers of workers have resigned from the social media platform.
www.bbc.com
Will Twitter survive? - Your thoughts
- Thread starter mandrill
- Start date
www.bbc.com
I don't care, although I love the Twitter workforce walking out on a billionaire's demand to be "extremely hardcore". Work has value - you want more of it, you pay for it. Simple. The employees did not force you to overpay, so why should they bear the burden of his stupidity? F***ing self-entitled Twit.
Somehow I doubt he treats the employees who build his fucking rockets this way.
And now he's not only lost billions of his own he's indebted to the Saudis!! Will they pressure him to lay off the electric vehicles, battery and solar innovation? What a freaking idiot.
Maybe cut down on the weed a bit Elon.
And now he's not only lost billions of his own he's indebted to the Saudis!! Will they pressure him to lay off the electric vehicles, battery and solar innovation? What a freaking idiot.
Maybe cut down on the weed a bit Elon.
I think it could survive. But it will bleed money until it can right the ship. Musk came in and figuratively shit the bed. He immediately alienated the workers, many users AND advertisers. Last I heard, the company (based on lenders trying to sell the debt) is valued at about $8B, a 82% drop. And that was last week. Lord knows what its worth now.
In my eyes, Musk could still turn this around. But he started out so tone deaf and flat footed that it will be a major uphill battle. Will he have the taste to spend billions more to rebuild this or will he walk away?
My other questions, which I posted in another thread is, will Musk survive as CEO of Tesla? The company's stock has been tarnished by this fiasco, and Musk's business acumen must seriously be questioned at this point. If he can destroy a company like Twitter's value in three weeks, what could he do to Tesla if he starts fucking around. I wonder if the board at Tesla is pondering a life without Musk. There must be a bunch of qualified CEOs available that could take on the task without the same kind of drama that Musk has brought over the past few years.
So, as to the original question....Yes, I think it will survive, but it will be diminished for a while. Unless Musk can somehow retain the services of some people, or pay through the nose to get recruit others...But, will Twitter still be working come Monday???
In my eyes, Musk could still turn this around. But he started out so tone deaf and flat footed that it will be a major uphill battle. Will he have the taste to spend billions more to rebuild this or will he walk away?
My other questions, which I posted in another thread is, will Musk survive as CEO of Tesla? The company's stock has been tarnished by this fiasco, and Musk's business acumen must seriously be questioned at this point. If he can destroy a company like Twitter's value in three weeks, what could he do to Tesla if he starts fucking around. I wonder if the board at Tesla is pondering a life without Musk. There must be a bunch of qualified CEOs available that could take on the task without the same kind of drama that Musk has brought over the past few years.
So, as to the original question....Yes, I think it will survive, but it will be diminished for a while. Unless Musk can somehow retain the services of some people, or pay through the nose to get recruit others...But, will Twitter still be working come Monday???
He's a goof.
And...not surprised one bit about all this shit going on. He was always on twitter before he even mentioned buying and now he's on it every hour. Ya, he's some innovative genius - he hires the best minds around and takes credit for it all.
I would love to slap the shit out of him.
He's the Pied Piper and he has the majority of people fooled into thinking he's going to save humanity, fucking morons.
And...not surprised one bit about all this shit going on. He was always on twitter before he even mentioned buying and now he's on it every hour. Ya, he's some innovative genius - he hires the best minds around and takes credit for it all.
I would love to slap the shit out of him.
He's the Pied Piper and he has the majority of people fooled into thinking he's going to save humanity, fucking morons.
There are suggestions that the lenders will call the debt and put Twitter into receivership, which includes installing their own board of directors and ousting Musk. A non-drama-driven, let's-get-back-to-running-a-business board would be welcome.
I think there will be some very good motivation to create an alternative…
A look at Bluesky, the Jack Dorsey-led decentralised social network that could rival Twitter - CNBC TV18
Bluesky was commissioned by Jack Dorsey when he was still the CEO of Twitter. And with more than 30,000 signups for its waitlist in less than two days, the project is quickly being touted as an alternative and perhaps even a replacement for the Musk-owned Twitter.
www.cnbctv18.com
Twitter is an obvious Tax avoidance scheme by Elon. He's probably either liquidating some stake in either Tesla or Space X on which he would owe 44b in Taxes. He could tank Twitter and sell at a 43.99999b loss to his brother (since it's private now, he could sell to anyone he wants) and effectively pay $0 tax. Then, when Twitter takes off again, him/brother would get the $44b or more back if they wanted to flip it. Something alone these lines. He's even joking about bankrupting the company. Does that sound like a businessman?
These are common tactics rich people use. Singers, athletes, movie stars, rappers, anyone who's earning millions have tactics similar to this in order to pay $0 tax. They earn their income in their LLC and in reality pay less tax than a McDonald's worker on W2 payroll.
For ex, I would be completely shocked if Taylor Swift paid more tax than a McDonald's worker. I would be surprised if she recieved more than 10 W2 paystubs in her entire life.
These are common tactics rich people use. Singers, athletes, movie stars, rappers, anyone who's earning millions have tactics similar to this in order to pay $0 tax. They earn their income in their LLC and in reality pay less tax than a McDonald's worker on W2 payroll.
For ex, I would be completely shocked if Taylor Swift paid more tax than a McDonald's worker. I would be surprised if she recieved more than 10 W2 paystubs in her entire life.
Long term it won't survive without advertiser revenue and people leaving the platform.
Short term there are worries about stability of the platform. I used to work in IT infrastructure, nowhere near the scale of twitter, but even that was a stressful job. It looks easy from the outside when things are working, but there isn't some troubleshooting guide. Some things are really just turn back on and off again, but others are novel problems that require deep knowledge to really think about and come up with a plan to fix.
I left infrastructure for regular development because it just isn't worth the effort for the extra pay. As a regular dev, it's a genuine 9-5 job and less.
I dont see how Twitter can avoid large outages with most of their infrastructure people gone. I'm already getting bugs that didn't happen before.
Short term there are worries about stability of the platform. I used to work in IT infrastructure, nowhere near the scale of twitter, but even that was a stressful job. It looks easy from the outside when things are working, but there isn't some troubleshooting guide. Some things are really just turn back on and off again, but others are novel problems that require deep knowledge to really think about and come up with a plan to fix.
I left infrastructure for regular development because it just isn't worth the effort for the extra pay. As a regular dev, it's a genuine 9-5 job and less.
I dont see how Twitter can avoid large outages with most of their infrastructure people gone. I'm already getting bugs that didn't happen before.
This is Musk's problem. Once the membership goes to Mastodon, Bluesky or whoever the fuck else sets up a viable tweetery, those members have found a new home and have no reason to return to twitter.
Fortunately for me… I have never needed to Tweet.
IRS doesn't care. It's completely legal. US tax code gives a massive legal advantage to business owners. They bribe politicians with campaign funding to have such weird tax loop holes. The most common trick for ppl less rich than him is buying mansions. I used to think those mansion owners in SoCal were such luxury loving consumers. Wrong. They buy them for tax reasons, and write off depreciation against earned income. Once the deprecation is fully maxed out, they sell the mansion for a profit (RE typically goes up) and buy a new one if they're expecting a new gig.
This is how it works and everyone does it. Say a movie star made $40m in a year. He/She would typically owe $20m to IRS. But theyd a mansion in their LLC and write $20m in non land deprecation against their income and pay 0. Sometimes they even get credits (negative tax) for future years because they borrow to buy the mansion and get to write off interest expense too.
If you see celebrities buying mansions year in and year out and then selling and buying again and selling. That's the reason. No one needs 10 mansions like Johnny Depp or Brad Pitt. They never live in these gigantic homes. It's a tax game.
This is the main thing with starting a new network in general.
People will stick with the one they have until they really have to change or something is dramatically better at the new place.
Neither have I, I don’t have a Twitter account and don’t think I’m missing anything…also, I don’t have a Facebook account either.Fortunately for me… I have never needed to Tweet.
No Twitter, no Facebook, just TERB.
Yeah, but a fake transaction at a fake valuation to your buddy or brother is always going to be a red flag target for the IRS. RevCan would be all over that shit!
