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Crossed a line with my boss
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What happens when most of your team is Indian?
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Women, help me understand why this is inspirational
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How many books do you usually read in a year?
Before Musk took control, Twitter earned more than $5 billion in 2021, Bloomberg reported, and that year Jack Dorsey "set a public goal to reach $7.5 billion in revenue by the end of 2023." That projection makes the current $3.4 billion total revenue estimate for 2023 appear especially stark. Joe Benarroch, head of X business operations, made it clear that X is no longer interested in being compared to Twitter. According to Bloomberg, Benarroch said that X is an “evolving NEW global business with multiple revenue streams. We are not Twitter any longer and not measuring ourselves by old Twitter metrics—both in revenue and user metrics.” https://arstechnica.com/tech-policy/2023/12/stop-comparing-xs-dismal-ad-sales-to-twitters-past-success-x-exec-says/
Layoffs worked because without them they’d be bankrupt
thats only because the company suddenly had to service 13 billion of debt after takeover. if no tske over, no debt, no need for 80% layoffs
That be a fine argument if not for the fact he also piss off the advertisers which is responsible for majority of revenue. Might want to only do the layoff first and not cutting off revenue at a faster rate than lower cost. If the goal is is cut cost and remove existing revenue source. What the fkk are you buying a company for ? Just build a new company from scratch. Much easier and don't have to pay all these severances.
Their opex is probably lower but what a disaster. This is the board’s fault in approving the Musk takeover. Everyone knew it was bad for the company but the Board got greedy.
Lmao, if they didn’t take his offer they would be sued by shareholders immediately From the time Musk made his offer till the time the deal closed rates went up and the valuations of money incinerators went down like 70%
B-corp wouldn't have been sold this way.
But but Elon is genius. He will turn it around.
This but unironically
He laid off more of PM, TPM, SDM than SDEs. Respect to him
5d chess
layoffs were a good move, not shutting his mouth was not a good move
Why would you want to advertise on a site that is constantly down, as it is at this very moment?
What do Twitter layoffs have to do with ad revenue? Should the poll be Elmo Takeover Working?
one of the hallmarks of elmo takeover was layoffs. i would venture to say that was the biggest change to twitter since takeover. so i think the poll is valid
That’s the biggest change? Boy, have you not been paying attention.