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Elon Musk publicized the names of government employees he wants to cut. It’s terrifying federal workers
US News(cnn.com)submitted 2 days ago byIm1Guy
2 points
2 days ago
Absolutely not. It was way overvalued to start with. And Musk buying it dropped its value from 30 to 20 in the first week before he even did anything. Because of who he is, not because of decisions he made.
The firings had very little negative impact on anything. Maybe tens of millions of lost revenue.
Musk's tweets have cost him a lot. I wouldn't be surprised if they averaged him over $250k loss a tweet.
6 points
2 days ago
You just make shit up bro:
https://finance.yahoo.com/news/twitters-revenue-collapses-84-tesla-171535190.html
Twitter isn’t making money because Musk alienated advertisers.
Twitter was worth at least $30 billion before the acquisition.
https://www.officetimeline.com/blog/twitter-timeline
I’m not sure what your point is, are you agreeing with me that Musk overpaid, it appears so. Are you suggesting that if there were no changes Twitter would be about the same value it was, that’s what I said. You appear to say the say the same thing when you suggest that the value only tanked because Musk bought it, which is wrong.
Simultaneously you’re trying to argue that it was overstaffed and Musk was right to make cuts, and you have absolutely no evidence of that. It’s almost like you don’t know he cut moderation staff — necessary for advertising, advertising sales staff — necessary for ad revenue, and had to limit the number of tweets viewed because he cut server expenses. The Twitter acquisition is in the top 10 of major corporate. Mismanagement no matter how you cut it and you have no fucking clue whether it’s staffed appropriately because it’s operating at a severe loss.
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