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viper12a1a t1_iwxzy0q wrote

Something a lot of people won't acknowledge is that the company was always in financial free fall but was constantly getting money infusions from investors because of the societal influence it represented. I'm not sure if there was any point in time in which Twitter was in the black

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billzybop t1_iwydb9q wrote

That doesn't change the fact that Musk overpaid and then burned it down.

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viper12a1a t1_iwyiyqk wrote

overpaid yeah for sure...burned it down? it's at it's highest traffic in the entire history of the site. the only reason advertisers pulled out is because they're gonna do exactly what they did with the youtube ad debacle. they're just gonna argue for better rates and come back anyway. This is just a marketing opportunity for them like it always is. these companies would advertise baby powder on bestgore if they felt it wouldn't damage the "brand" and would make them money.

We could also take into consideration that most twitter employees were barely working 4 hours a week, being massively overpayed, and what the fuck was with that 400$ per employee for food PER DAY? Bro, we're just getting a glimpse into just how fucked ALL tech companies are, the only difference is that Twitter now can't rely on investors pumping infinite amounts of money into the company. Unlike most tech companies, Twitter now has to actually make money, which it never has. It's anew concept for a lot of people to wrap their heads around.

(oh, and most of the people that were fired were the kinds of people most tech companies keep around in order to get rid of when budget cuts need to happen. Leeches.)

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Tidesticky t1_iwym2kn wrote

Appears to be a slight difference of opinion. Do tell us more kind sir.

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MysteryBeans t1_ix0foj1 wrote

I haven't heard about the 4 hour work weeks or the $400 a day food bills. Any links to info on this? Curious to read more to determine if this is legit or if you're just making stuff up.

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billzybop t1_iwymylj wrote

He overpaid for it, it now has no revenue, almost no employees, and he's begging for programmers to show up. Not really sure what you call a business with no income and no employees.

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Duckboy_Flaccidpus t1_iwyyo0w wrote

>Not really sure what you call a business with no income and no employees.

A website?

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viper12a1a t1_iwyoevy wrote

How about a business with no income and 5000 employees? That's what it was until now.

And you'll notice, despite the lack of "diversity and equity" departments, the site is still perfectly functional

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Duckboy_Flaccidpus t1_iwyx9tz wrote

Also, the mass firings and such are being derised as loose and unwarranted. I think he's simply cutting some of the fat, gettting rid of the lazy and pairing things down suitably. All of silicon valley seems to be on precipice of layoffs, why not twit?

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comp4391 t1_ix01vsk wrote

I’m just hoping San Francisco becomes more affordable now, can’t wait to move back to the bay!

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