this post was submitted on 15 Feb 2024
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To an MBA educated exec, it might look the same.
Even an MBA educated exec can read the stock price trend... But I guess I'm making the "no one is that stupid" argument... And I know in my heart I'm on the wrong side. Somehow, some executives absolutely are that stupid.
I mean, the signs were there, Elon wasn't exactly silent about his plans for Twitter and investors gave him a lot of money to proceed. Clearly there is plenty stupid.
To an MBA educated exec, it might look like a roughly $30 billion dollar loss in value. But I can tell you're not educated because the real issue is advertiser and user numbers dropping at an alarming rate.
You can tell eh? 😂 Now consider the point of view that you can do the labor trimming without the additional massive mismanagement by Elon. Could that perhaps cause fewer advertisers and users to flee, could perhaps the cost savings vs lost revenue balance positively even if the service quality has decreased by some margin?
Yep, I can definitely tell now. What are you even talking about? Could these things perhaps, maybe, possibly balance out? No... Users and advertisers are actively fleeing the platform. The platform that has lost over 70% of its value. Saving on labor, outweighs a 30 billion dollar loss in shareholder value? It's clear you don't understand business but surely you can do simple math.
You're clearly not understanding what I'm saying and you're trying to mock. Not great but you do you. ☺️
I understand exactly what you're trying to say. You're just wrong.
From a tech workers perspective, Twitter has long been known for having a resilient infrastructure, so it's hardly surprising that when Elon (literally) ripped servers out of the wall, some things stayed up.
Sure, they had a lot of issues since Elon took over, but I'd say that many of them are due to the new features that Elon sticky-taped on. Twitter's solid tech infrastructure was one of the reasons why I always wanted to work there, so I'm doubly-sad to see it go to shit under Musk.
Agreed and this is the reason I think was possible to hollow it out without it falling apart. Then some other guy with 5 extra brain cells and another robust system under their control is probably like - "I wonder how much labor I can hollow out, till shit starts cracking. So long as I don't pull any public stunts like Elon and I don't go beyond the cracks... 🤔💸"
BTW I've been at a hollowed out tech company. A very well known name. It's truly incredible how different things could look from the inside compared to the outside. Massive mountains of tech debt, people doing multi-week on-call shifts to keep shit running, rarely getting a full night's sleep, trustworthy household nameplate on the outside. The stock was doing okay. Still is actually.