Elon Musk buys a big chunk of Twitter
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Well this really just comes down to him having overpaid. But I wouldn’t bet on bankruptcy now, I think he’s just trying to get people to take the issues seriously.
But it’s certainly a possibility. And I think his ownership is maybe 15B, with another ~15B from other sources (arab sovereign wealth funds and Larry Ellison) and another 13B from banks.
So he could bail on this and it would cost him <15B since equity holders would get a small piece of the reorganized Twitter.
wrote on 11 Nov 2022, 01:52 last edited by@jon-nyc said in Elon Musk buys a big chunk of Twitter:
But I wouldn’t bet on bankruptcy now, I think he’s just trying to get people to take the issues seriously.
Who would the target audience be for this “Twitter may go bankrupt” messaging? How would this work to Twitter or Musk’s advantage?
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@jon-nyc said in Elon Musk buys a big chunk of Twitter:
But I wouldn’t bet on bankruptcy now, I think he’s just trying to get people to take the issues seriously.
Who would the target audience be for this “Twitter may go bankrupt” messaging? How would this work to Twitter or Musk’s advantage?
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Maybe suppliers and employees.
Maybe co-investors that he might be trying to raise operating funds from.
wrote on 11 Nov 2022, 02:27 last edited by@jon-nyc said in Elon Musk buys a big chunk of Twitter:
Maybe suppliers and employees.
Maybe co-investors that he might be trying to raise operating funds from.
Trying to game this out …
Suppliers — telegraphing bankruptcy is more likely to get the suppliers to tighten credit and shorten payment terms, no? Not advantageous to Twitter.
Employees — is the objective to get more employees to jump ship on their own (as opposed to laying them off) to save a little bit on layoff expenses? Not clear if this would be an appreciable advantageous to Twitter.
Co-investors — not clear how it would help to convince investors (be it current or prospective investors) to put more money into a business that is about to go bankrupt. :man-shrugging:
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@LuFins-Dad said in Elon Musk buys a big chunk of Twitter:
@Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:
@Copper said in Elon Musk buys a big chunk of Twitter:
@Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:
Seems like he’s trying to run a tech company like a Victorian cotton mill.
Somebody has blundered.
The true believers will love it
The second string will hate it
win/win
I don’t think he’s going to get the people he wants if he forces his employees to come into office.
The working world has changed.
And another year of stacking inflation and lower employment prospects will change it again. I’m not saying it will go back to what it was, but the pendulum will swing…
No, I think the days of folk being told they have to come in 5 days a week are over. It was already changing before the pandemic and that accelerated the process. I work for a much more conservative company than any of the tech places and even we were slowly moving that way.
I actually quite like going into the office, but more than that I like having the freedom of choice. Elon sounds like a reactionary.
You can force people to do something they think is really stupid for a limited time, but not for the long haul.
wrote on 11 Nov 2022, 02:40 last edited by@Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:
No, I think the days of folk being told they have to come in 5 days a week are over.
Not for those who have real jobs that build things or fix things or who perform some service, surgeons for example or bus drivers.
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@Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:
No, I think the days of folk being told they have to come in 5 days a week are over.
Not for those who have real jobs that build things or fix things or who perform some service, surgeons for example or bus drivers.
wrote on 11 Nov 2022, 03:10 last edited by@Copper said in Elon Musk buys a big chunk of Twitter:
@Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:
No, I think the days of folk being told they have to come in 5 days a week are over.
Not for those who have real jobs that build things or fix things or who perform some service, surgeons for example or bus drivers.
Yes, but we’re talking about Twitter, not bus drivers.
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@Copper said in Elon Musk buys a big chunk of Twitter:
@Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:
No, I think the days of folk being told they have to come in 5 days a week are over.
Not for those who have real jobs that build things or fix things or who perform some service, surgeons for example or bus drivers.
Yes, but we’re talking about Twitter, not bus drivers.
wrote on 11 Nov 2022, 03:30 last edited by@Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:
@Copper said in Elon Musk buys a big chunk of Twitter:
@Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:
No, I think the days of folk being told they have to come in 5 days a week are over.
Not for those who have real jobs that build things or fix things or who perform some service, surgeons for example or bus drivers.
Yes, but we’re talking about Twitter, not bus drivers.
You can't be all "let the market decide" and at the same time believe in some wooey divide between real work paid in real money and fake work paid in real money where the only difference is in your mind.
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wrote on 11 Nov 2022, 08:24 last edited by
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wrote on 11 Nov 2022, 08:27 last edited by
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wrote on 11 Nov 2022, 08:46 last edited by jon-nyc 11 Nov 2022, 08:49
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@Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:
@Copper said in Elon Musk buys a big chunk of Twitter:
@Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:
No, I think the days of folk being told they have to come in 5 days a week are over.
Not for those who have real jobs that build things or fix things or who perform some service, surgeons for example or bus drivers.
Yes, but we’re talking about Twitter, not bus drivers.
You can't be all "let the market decide" and at the same time believe in some wooey divide between real work paid in real money and fake work paid in real money where the only difference is in your mind.
wrote on 11 Nov 2022, 11:07 last edited by Doctor Phibes 11 Nov 2022, 11:33@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:
@Copper said in Elon Musk buys a big chunk of Twitter:
@Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:
No, I think the days of folk being told they have to come in 5 days a week are over.
Not for those who have real jobs that build things or fix things or who perform some service, surgeons for example or bus drivers.
Yes, but we’re talking about Twitter, not bus drivers.
You can't be all "let the market decide" and at the same time believe in some wooey divide between real work paid in real money and fake work paid in real money where the only difference is in your mind.
The world has indeed changed, it’s just that some people are struggling to catch up. I said as much when I tried to catch the bus to the local steel mill this morning. First, there was no bus, and then the steel mill had closed 30 years ago.
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wrote on 11 Nov 2022, 12:14 last edited by
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wrote on 11 Nov 2022, 12:41 last edited by
If they're going to ban everybody who impersonates somebody else, isn't the blue check superfluous?
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If they're going to ban everybody who impersonates somebody else, isn't the blue check superfluous?
wrote on 11 Nov 2022, 12:47 last edited by@Doctor-Phibes supposedly, now, if you create a parody account, it has to say "parody" in the name, not just the description.
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wrote on 11 Nov 2022, 12:49 last edited by
Any parody or just mimicry? Does Titania McGrath now have to put parody in the name?
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@Doctor-Phibes supposedly, now, if you create a parody account, it has to say "parody" in the name, not just the description.
wrote on 11 Nov 2022, 12:50 last edited by@George-K said in Elon Musk buys a big chunk of Twitter:
@Doctor-Phibes supposedly, now, if you create a parody account, it has to say "parody" in the name, not just the description.
So what happens if I ask them to blue-check my parody account?
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@Copper said in Elon Musk buys a big chunk of Twitter:
@Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:
No, I think the days of folk being told they have to come in 5 days a week are over.
Not for those who have real jobs that build things or fix things or who perform some service, surgeons for example or bus drivers.
Yes, but we’re talking about Twitter, not bus drivers.
wrote on 11 Nov 2022, 12:51 last edited by@Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:
@Copper said in Elon Musk buys a big chunk of Twitter:
@Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:
No, I think the days of folk being told they have to come in 5 days a week are over.
Not for those who have real jobs that build things or fix things or who perform some service, surgeons for example or bus drivers.
Yes, but we’re talking about Twitter, not bus drivers.
No, I think LuFin's comment was a little broader. Tech may continue to let folks work from home, but even the fruit company is now making people come into the office a few days of the week. It's very hard to manage some employees remotely, even in tech.
As for the rest of the working world that isn't plopping computer keys most of the day, most of those folks are physically back at work, with more coming back everyday. I think the exception are the people that have figured out the dole allows them to live as comfortably as working their lower pay jobs. As we lurch into recession again, and inflation takes its toll, it will be interesting to see what happens with all classes of workers...
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wrote on 11 Nov 2022, 12:53 last edited by
@jon-nyc said in Elon Musk buys a big chunk of Twitter:
Any parody or just mimicry? Does Titania McGrath now have to put parody in the name?
What happens if I use irony or sarcasm in my posts? Do I need to have somebody walk in front of me waving a big red flag with 'PARODY' written on it, so that everybody realises I'm only joking?
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@Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:
@Copper said in Elon Musk buys a big chunk of Twitter:
@Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:
No, I think the days of folk being told they have to come in 5 days a week are over.
Not for those who have real jobs that build things or fix things or who perform some service, surgeons for example or bus drivers.
Yes, but we’re talking about Twitter, not bus drivers.
No, I think LuFin's comment was a little broader. Tech may continue to let folks work from home, but even the fruit company is now making people come into the office a few days of the week. It's very hard to manage some employees remotely, even in tech.
As for the rest of the working world that isn't plopping computer keys most of the day, most of those folks are physically back at work, with more coming back everyday. I think the exception are the people that have figured out the dole allows them to live as comfortably as working their lower pay jobs. As we lurch into recession again, and inflation takes its toll, it will be interesting to see what happens with all classes of workers...
wrote on 11 Nov 2022, 13:33 last edited by@Jolly said in Elon Musk buys a big chunk of Twitter:
No, I think LuFin's comment was a little broader. Tech may continue to let folks work from home, but even the fruit company is now making people come into the office a few days of the week. It's very hard to manage some employees remotely, even in tech.
It really isn't, if you know how to manage in this century. Most of the pushback is coming from managerial luddites who should just retire. They're worried about workers running amok because they don't have the skills to manage remote teams, but instead of owning up, they cop excuses and put it on the employees, like all bad managers do.
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@Jolly said in Elon Musk buys a big chunk of Twitter:
No, I think LuFin's comment was a little broader. Tech may continue to let folks work from home, but even the fruit company is now making people come into the office a few days of the week. It's very hard to manage some employees remotely, even in tech.
It really isn't, if you know how to manage in this century. Most of the pushback is coming from managerial luddites who should just retire. They're worried about workers running amok because they don't have the skills to manage remote teams, but instead of owning up, they cop excuses and put it on the employees, like all bad managers do.
wrote on 11 Nov 2022, 14:46 last edited by@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Jolly said in Elon Musk buys a big chunk of Twitter:
No, I think LuFin's comment was a little broader. Tech may continue to let folks work from home, but even the fruit company is now making people come into the office a few days of the week. It's very hard to manage some employees remotely, even in tech.
It really isn't, if you know how to manage in this century. Most of the pushback is coming from managerial luddites who should just retire. They're worried about workers running amok because they don't have the skills to manage remote teams, but instead of owning up, they cop excuses and put it on the employees, like all bad managers do.
One of my direct reports isn't even on this continent.
We do electrical engineering. Obviously, it's not like that's a real job like mowing the lawn or mixing paint, but since most people who do that are illegal immigrants anyway since Americans are too lazy, I don't see the problem.
Stereotypes are so useful!
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@George-K said in Elon Musk buys a big chunk of Twitter:
@Doctor-Phibes supposedly, now, if you create a parody account, it has to say "parody" in the name, not just the description.
So what happens if I ask them to blue-check my parody account?
wrote on 11 Nov 2022, 14:49 last edited by@Doctor-Phibes said in Elon Musk buys a big chunk of Twitter:
So what happens if I ask them to blue-check my parody account?
You pay them $8/month, they give you your blue check.