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by Forgeties79 100 days ago
> Further reinforced with Elon firing 80% of Twitter and the website didn't stop working, reminding big tech CEOs that they can also start looking into trimming the overhiring fat in their back yard, with no operational loss.

I would argue Twitter is in a worse state operationally, but either way it’s moot because one simply has to look at the company’s valuation since Musk took over to see things aren’t going well. Unless the goal is a very loud megaphone for conservative influencers and talking points, in which case things are going great.

2 comments

That's not how successful CEOs think.

X doesn't seem to be in any worse state operationally. The site's uptime is fine, and they've launched a ton of new features that were well received by the userbase. So: 80% fewer people, site remains operational, new feature launches have if anything accelerated. That is a success by any companies measure.

The left is now trying to rewrite history and claim the fall in valuation is because Musk took it over, but it's not. Twitter's valuation was already falling rapidly before Musk entered the game at all. Like many tech firms its price had a COVID surge. The valuations of multiple tech companies were fell sharply right as he was in the middle of the acquisition. The timing was unlucky and he overpaid. That's why he tried to back out of the deal and, if you remember, why the Twitter board went to court to force him to acquire the company against his will.

https://www.bbc.com/news/business-62102821

> There are other potential reasons why Mr Musk might want to pull out of the deal. The stock market price for large tech companies has fallen steeply in the last few months - did Musk offer too much?

The subsequent advertiser boycott says nothing about whether you can cut a company like Twitter by 80% and still have it function. That was caused by Musk publicly rejecting leftist claims as false. CEOs don't care about that because they can cut employees whilst claiming to be increasing diversity and the left will leave them alone.

>I would argue Twitter is in a worse state operationally

Is it because they lack coding manpower, or because Elon chased away all advertisers? Correlation != causation.

Bear in mind I was talking about functionality of the product, not corporate operation/valuation.

>Unless the goal is a very loud megaphone for conservative influencers and talking points, in which case things are going great.

Funny, I never heard the left complain about Twitter being a woke/democrat megaphone during the Jack Dorsey era. Or complain about the social media censorship during the Biden administration. Where were they back then?

They don't hate the propaganda megaphone, they hate not being the ones in charge of it.

>Is it because they lack coding manpower, or because Elon chased away all advertisers? Correlation != causation.

Didn’t say that.

> Bear in mind I was talking about functionality of the product, not corporate operation/valuation.

Didn’t say otherwise. In fact I made it a point to separate out the discussion of how it is functioning operationally from its valuation.

> Funny, I never heard the left complain about Twitter being a woke/democrat megaphone during the Jack Dorsey era.

And the right isn’t complaining about the current state. You also don’t know what I said about Twitter back then. I’m not accountable for whatever general idea you have concocted “the left.”

I am simply saying that it clearly is a megaphone for the right now. If you think it is even somewhat neutral and balanced now feel free to say so, but I would be surprised to hear that.

Sorry I didn't mean to paint you as "the left", I was speaking in general sense.

And that's why I said "They don't hate the propaganda megaphone, they hate not being the ones in charge of it.", meaning I don't think it's a partisan issue, and both sides are equally guilty.

Maybe so but Musk’s whole promise was more neutrality and openness, which he has handedly failed to bring about. Twitter censors worse and more explicitly than ever. And don’t even get me started on Grok/Grokopedia. Like Trump it’s “accurate” if it reflects his worldview - same reason he puts his thumb on the scale with Twitter.

I am progressive. I understand Twitter leaned left. But it leans way further right now as exerted from the top than it did the other direction.