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Twitter 2: Tweet harder


Derfel Cadarn

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This is one of the most amazing things I've ever heard happening at a major tech company. This sort of bullshit would have not flown even at the most weird versions of Microsoft or Apple or even Facebook. 

The only people that should be still working at Twitter at this point are people who need it for their H1B. Everyone else should be taking their severance and doing absolutely nothing else.

 

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1 hour ago, Mindwalker said:

tweeting is apparently "work."

To be honest, it has not escaped notice that a lot of people share that belief.

23 minutes ago, Kalnestk Oblast said:

This is one of the most amazing things I've ever heard happening at a major tech company.

This may have more to do with capitalism than tech.  Look at the mess the monopoly blockbuster ticket and booking 'service' Ticketmaster has made with the Taylor Swift tour tix.  That's what happens without competition.  Nobody bothers to make things better on either end, for users or for clients (in this case, Taylor Swift), and things just keep getting worse.

Artists have tried to get around the strangle hold Tickemaster and the ancillary 'second sale' groups have on both sales and booking into a facility like Madison Square Garden, etc. See Pearl Jam's efforts way back already in the day. And they just can't. Even though Pearl Jam got the feds to investigate the monopolist, exploitive, gouging practices.

https://www.rollingstone.com/music/music-news/pearl-jam-taking-on-ticketmaster-67440/

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25 minutes ago, Kalnestk Oblast said:

This is one of the most amazing things I've ever heard happening at a major tech company. This sort of bullshit would have not flown even at the most weird versions of Microsoft or Apple or even Facebook. 

The only people that should be still working at Twitter at this point are people who need it for their H1B. Everyone else should be taking their severance and doing absolutely nothing else.

 

I love this one from that thread:

He's downgrading to the Hardcore 1.2.5 patch. 

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It's difficult to avoid the speculation that "he must be doing this purposely in order to destroy the corpse for his own accounting." After all he's proven to be as a great with understanding how money operates as his fastened at the hip tRumpty.  But, still, unlikely, right?

People are melting down all over the place, in many circles, as it hits them in the reals that twitting maybe just about over.  Partner is among them, still determined to believe it did more good for the people who used it properly, and it can't be replaced. I see utterly otherwise.  It too is essentially a monopoly and they do not work well, as well as spreading hate, they stop competition which also means stopping free speech.  Haters, cryptos and porn taking over twitter shows us the real truth, that not even decent moderation can handle this being the case when the company is badly run at the top.

This is the only issue on which we've seen things so differently!  Until now neither of us realized how widely apart we are on this subject. :cheers:

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4 hours ago, Gorn said:

My favorite part is that, while Elon demanded that the those who remain work "extremely hardcore", he did not actually describe a goal that they should be working for, or his vision for the company, or give any directions. I'm imagining the remaining employees furiously typing random shit into a Word document to give the appearance of working in an extremely hardcore manner.

It’s interesting  to see so many people express  anger and hatred to the employees who took the severance.

Even if one thinks they weren’t working hard enough for the pay they were given the previous management they worked under thought differently.

Elon is demanding  more work for the same pay while slashing benefits.

Elon has done nothing to earn their loyalty, and working at Twitter by itself is not a moral imperative.

 

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2 minutes ago, Fire and Jace said:

A flying elbow from the top of the cage!

10,000 points for brutality in honesty.

Requests plaintively, can't it be a beer or a bottle of wine?  Like those so much better than points!   :cheers: Do not like working harder for less. :crying:

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Twitter's usefulness to me, personally, has declined massively over the last few years (a single Reddit repost will easily drive 20x the traffic of a Tweet, minimum) so from a practical point of view it vanishing wouldn't make too much of a difference. However, the interaction and networking with people on Twitter can be useful, and has occasionally led to paying gigs, so it'd be a shame to miss that. Mastodon, which I'll probably start an account on in the next few days, cannot replicate that ease of interaction.

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Christ. In one department only 3 out of 75 engineers stayed after Musk's severance offer.

Apparently the entire payroll department walked out. There's only a small number left in Accounting who are are pulling double-duty on payroll. Also the US tax team and financial reporting team are both out.

 

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5 hours ago, Zorral said:

It's difficult to avoid the speculation that "he must be doing this purposely in order to destroy the corpse for his own accounting." After all he's proven to be as a great with understanding how money operates as his fastened at the hip tRumpty.  But, still, unlikely, right?

I think he's clearly burning it down to write off as much as he can. This will be his Batgirl.

And I will say again, don't just look at what it cost him to buy the platform, but also all the loses he took after first saying he wanted to buy it. Elon has lost A LOT of money, more than any of us can probably comprehend, and it's not going to improve anytime soon.

Good luck with Tesla, buddy. Who will trust those wait times now?

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51 minutes ago, Tywin et al. said:

I think he's clearly burning it down to write off as much as he can. This will be his Batgirl.

And I will say again, don't just look at what it cost him to buy the platform, but also all the loses he took after first saying he wanted to buy it. Elon has lost A LOT of money, more than any of us can probably comprehend, and it's not going to improve anytime soon.

Good luck with Tesla, buddy. Who will trust those wait times now?

I can comprehend! :)

Also, I saw earlier that the whole financial reporting team walked out. OF COURSE THEY DID. I would have been gone as soon as the company went private, with a nice severance package and all my stock having vested due to change-in-control provisions.

Can he take this loss? I dunno. We need a taxpert, stat. I summon… @Mlle. Zabzie!!! (Por favor)

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21 minutes ago, Chataya de Fleury said:

I can comprehend! :)

Also, I saw earlier that the whole financial reporting team walked out. OF COURSE THEY DID. I would have been gone as soon as the company went private, with a nice severance package and all my stock having vested due to change-in-control provisions.

Can he take this loss? I dunno. We need a taxpert, stat. I summon… @Mlle. Zabzie!!! (Por favor)

He needs a realization event that is also a recognition event (he’s almost certainly not on mark to market accounting), and whatever the loss is needs to be not deferred or disallowed.

And, the loss need income to offset.  So, for instance, if he realizes and recognizes a capital loss through the sale of shares, he will need a commensurate amount of capital gain. 

If he runs it all the way down to bankruptcy, he might be able to take a worthlessness deduction, but if they file chapter 11 there might be a court order prohibiting that for a certain amount of time.  Hard to say - don’t know his structure and what would be possible/useful.

It’s like Masayoshi Son and SoftBank/Vision Fund - just because you are filthy rich from a couple of amazing ideas doesn’t mean you can’t also lose billions of dollars trying to make more.  

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