EPTTrading/Investing Thread - Page 118
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{CC}StealthBlue
United States41117 Posts
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{CC}StealthBlue
United States41117 Posts
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Manit0u
Poland17765 Posts
I wonder when will people finally get smart about this person and burst the bubble. Basically everything this guy touches is going bad... | ||
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iPlaY.NettleS
Australia4421 Posts
People are welcome to just use another platform if they don't like the way twitter is going i guess.CBS news last week stated they were going to stop using it due to the direction it was going, that lasted all of 40 hours.Once the dust settles and the media moves on to the next current thing it'll be clear twitter is in a better position than before. | ||
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Simberto
Germany11876 Posts
Currently Twitter has few alternatives. But if you rest on that, you will eventually get outcompeted by something. The Musk way seems to be to milk it now, and burn it to the ground. I don't feel a need to use Twitter, so i don't know what alternatives exist. | ||
micronesia
United States24777 Posts
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Gorsameth
Netherlands22418 Posts
On November 22 2022 20:52 Simberto wrote: Not just development, what if something breaks or a vulnerability is found? If they no longer have the right engineers with first hand knowledge of the code a fix could take weeks instead of hours.We'll see. In a software company that involves constant development, you can absolutely fire 2/3 of your devs without immediate negative impact. But in the long term, there is a lot of development that isn't going to happen, which will have a negative impact. Currently Twitter has few alternatives. But if you rest on that, you will eventually get outcompeted by something. The Musk way seems to be to milk it now, and burn it to the ground. I don't feel a need to use Twitter, so i don't know what alternatives exist. | ||
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MeSaber
Sweden1235 Posts
On November 22 2022 20:57 micronesia wrote: Does Elon Musk have enough knowhow about how Twitter really works that he can figure out how to provide a similar level of product on one quarter of the workforce for an extended period of time? All signs so far have pointed to no. Maybe, his plan to significantly reduce the workforce, beef up the work contributions from each employee that remains, and establish a new revenue stream is workable in theory, but he's definitely not going about it the right way. Uh what? Musk knows how to turn companies profitable. How Twitter works is up to the owner, its not set in stone. We are seeing a revolution in social media behaviour. Now tweets will be ranked from useful to useless and people will get the good part of Twitter compared to earlier where you see only crap. George Hotz even stated after dissecting Twitter that he thought it could be run with 20-40 GOOD devs, instead of the mess it had earlier. Who knows how many devs it had but it was surely way over 100. 7500 people doing useless stuff. | ||
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Slydie
1940 Posts
On November 22 2022 22:27 MeSaber wrote: Uh what? Musk knows how to turn companies profitable. How Twitter works is up to the owner, its not set in stone. We are seeing a revolution in social media behaviour. Now tweets will be ranked from useful to useless and people will get the good part of Twitter compared to earlier where you see only crap. George Hotz even stated after dissecting Twitter that he thought it could be run with 20-40 GOOD devs, instead of the mess it had earlier. Who knows how many devs it had but it was surely way over 100. 7500 people doing useless stuff. https://youtu.be/z6xslDMimME This hard-ball way of running a company would work great if you always retained your best workers, but you don't. The most valuable will run off to competitors or sell their services back as consultants, for at least twice the price... | ||
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KwarK
United States44060 Posts
The idea that companies are massively over staffed is also laughable. Those heads existed for a reason, they performed necessary functions. Get rid of them and the wheels will start falling off in a few months. | ||
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Sermokala
United States14144 Posts
He can't sell checkmarks or he will get sued by companies that are damaging their companies with fake accounts. Elon can try to get government subsidies like all his other companies but that's going to be hard when he keeps attacking the government. | ||
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micronesia
United States24777 Posts
On November 22 2022 22:27 MeSaber wrote: Uh what? Musk knows how to turn companies profitable. How Twitter works is up to the owner, it’s not set in stone. We are seeing a revolution in social media behaviour. Maybe he deserves credit for knowing how to run businesses in general, but my point was he doesn’t understand the business he bought. I’m sure he’s learning, but only after taking overly drastic action. | ||
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GoTuNk!
Chile4591 Posts
On November 22 2022 23:14 KwarK wrote: Good devs leave when you tell them to pick between double work for the same pay or 3 months severance. The idea that companies are massively over staffed is also laughable. Those heads existed for a reason, they performed necessary functions. Get rid of them and the wheels will start falling off in a few months. Yeah, big tech companies, or big companies in general, have never hired useless staff. No way the billionaire genius and entrepeneur and investor, can asses somewhat accurately the company's needs wtih all the insider info, while you can be certain he is wrong with no insider info. | ||
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Blitzkrieg0
United States13132 Posts
On November 23 2022 03:03 GoTuNk! wrote: Yeah, big tech companies, or big companies in general, have never hired useless staff. No way the billionaire genius and entrepeneur and investor, can asses somewhat accurately the company's needs wtih all the insider info, while you can be certain he is wrong with no insider info. Is there any reason to assume that cutting staff is the best option or is it another harebrained idea like $8 blue checkmarks? Musk could have identified a bunch of pointless people on staff, but no one is going to assume that at this point. Most of the big tech companies are having major layoffs right now. The question for twitter is the scale. | ||
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StasisField
United States1086 Posts
On November 23 2022 03:03 GoTuNk! wrote: Yeah, big tech companies, or big companies in general, have never hired useless staff. No way the billionaire genius and entrepeneur and investor, can asses somewhat accurately the company's needs wtih all the insider info, while you can be certain he is wrong with no insider info. I mean you can at least try to argue with what KwarK is actually saying, can't you? "The idea that companies are massively overstaffed is laughable." Where did KwarK say big companies never hire useless staff? Every company at some point hires useless staff. The idea that it's over 50% of Twitter's employees however is, indeed laughable. Elon made these cuts less than 2 weeks into his new role as CEO which is not enough time to understand how Twitter works behind the scenes and definitely not enough time to evaluate the jobs of all 7,500 employees. Any "genius billionaire" would know that. Blind Elon dick riding is so fucking annoying | ||
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StasisField
United States1086 Posts
On November 23 2022 03:06 Blitzkrieg0 wrote: Is there any reason to assume that cutting staff is the best option or is it another harebrained idea like $8 blue checkmarks? Musk could have identified a bunch of pointless people on staff, but no one is going to assume that at this point. Most of the big tech companies are having major layoffs right now. The question for twitter is the scale. Considering Elon dropped people based on lines of code written over a 2-month period, I think it's safe to assume it's a harebrained idea. Everyone in tech knows that going by lines of code to determine productivity is fucking stupid. https://twitter.com/CaseyNewton/status/1586127052767318016?t=B94_E87jTyPEN2SRuJAsxQ&s=19 EDIT: Also lmao at having the engineers print out the code. | ||
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Gorsameth
Netherlands22418 Posts
You can't claim Musk fired only useless people when its not a controlled sacking. | ||
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JimmiC
Canada22817 Posts
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mahrgell
Germany3943 Posts
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BlackJack
United States10574 Posts
Its fun to watch how peoples opinions of Elon Musks business acumen and contributions to society changed for no other fact than he didn’t fall in line with them ideologically. He went from saving the planet by making electric vehicles mainstream to Elizabeth Holmes 2.0. Sure let’s completely overlook the fact Tesla is the first new major auto manufacturer since forever, they dominate market share in EV sales in the US, they made a production car that goes from 0-60 in 2 seconds, they are among the leaders in autonomous driving. None of that matters because the cyber truck window cracked when they threw a ball bearing at it so the whole thing is smoke and mirrors.  | ||
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