Elon Musk buys a big chunk of Twitter
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@George-K said in Elon Musk buys a big chunk of Twitter:
Ruh Roh...
Memo to the company about returning to to in person work
QUOTE
*Sorry that this is my first email to the whole company, but there is no way to sugarcoat the message.Frankly, the economic picture ahead is dire, especially for a company like ours that is so dependent on advertising in a challenging economic climate. Moreover, 70% of our advertising is brand, rather than specific performance, which makes us doubly vulnerable!
That is why the priority over the past ten days has been to develop and launch Twitter Blue Verified subscriptions (huge props to the team!). Without significant subscription revenue, there is a good chance Twitter will not survive the upcoming economic downturn. We need roughly half of our revenue to be subscription.
Of course, we will still then be significantly reliant on advertising, so I am spending time with our sales & partnerships teams to ensure that Twitter continues to be appealing to advertisers. This is the Spaces discussion that Robin, Yoel and I hosted today:
[Links to a Twitter Spaces recording called "Elon Q&A: Advertising & the Future."]
The road ahead is arduous and will require intense work to succeed. We are also changing Twitter policy such that remote work is no longer allowed, unless you have a specific exception. Managers will send the exceptions lists to me for review an approval.
Starting tomorrow (Thursday), everyone is required to be in the office for a minimum of 40 hours per week. Obviously, if you are physically unable to travel to an office or have a critical personal obligation, then your absence is understandable.
I look forward to working with you to take Twitter to a whole new level. The potential is truly incredible!
Thanks,
Elon*
UNQUOTE -
@George-K said in Elon Musk buys a big chunk of Twitter:
Ruh Roh...
Memo to the company about returning to to in person work
QUOTE
*Sorry that this is my first email to the whole company, but there is no way to sugarcoat the message.Frankly, the economic picture ahead is dire, especially for a company like ours that is so dependent on advertising in a challenging economic climate. Moreover, 70% of our advertising is brand, rather than specific performance, which makes us doubly vulnerable!
That is why the priority over the past ten days has been to develop and launch Twitter Blue Verified subscriptions (huge props to the team!). Without significant subscription revenue, there is a good chance Twitter will not survive the upcoming economic downturn. We need roughly half of our revenue to be subscription.
Of course, we will still then be significantly reliant on advertising, so I am spending time with our sales & partnerships teams to ensure that Twitter continues to be appealing to advertisers. This is the Spaces discussion that Robin, Yoel and I hosted today:
[Links to a Twitter Spaces recording called "Elon Q&A: Advertising & the Future."]
The road ahead is arduous and will require intense work to succeed. We are also changing Twitter policy such that remote work is no longer allowed, unless you have a specific exception. Managers will send the exceptions lists to me for review an approval.
Starting tomorrow (Thursday), everyone is required to be in the office for a minimum of 40 hours per week. Obviously, if you are physically unable to travel to an office or have a critical personal obligation, then your absence is understandable.
I look forward to working with you to take Twitter to a whole new level. The potential is truly incredible!
Thanks,
Elon*
UNQUOTE@taiwan_girl said in Elon Musk buys a big chunk of Twitter:
This is the Spaces discussion that Robin, Yoel and I hosted today:
Yoel Roth has left the building:
The Twitter exec who censored The Post’s reporting on Hunter Biden — and brazenly likened members of the Trump administration to Nazis — has quit just days after getting public support from new boss Elon Musk.
Yoel Roth, 35, until Wednesday had continued pushing the site’s shifting policies on trolling and hateful conduct — and appeared alongside new owner Musk, 51, in defending the platform in a crunch meeting with advertisers that same day.
But Twitter staffers were told on Slack on Thursday that Roth was the latest key exec to have resigned, according to employees.
Roth also confirmed his exit by changing his bio on the site he’d worked at for seven years to “Former Head of Trust & Safety at @Twitter.”
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I dont understand why they just cant require your "BOLD" name to be the same as your@NAME?
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Mr. Musk plans to begin making employees pay for lunch — which had been free — at the company cafeteria, two people said.
The lowest-paid job at Twitter earns $106K. The lunches alone (at $10 each) probably are worth another $2K in benefit, assuming you "work" 200 days a year.
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@Horace said in Elon Musk buys a big chunk of Twitter:
I guess they didn’t regret their CS degrees.
You mean before they were all fired. Some of them might now have regrets.
I'm also confused. I thought it was only the arts and humanities programs that doubled as woke factories. The Twitter workforce is woke factor 10 but they're all CS grads?
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@Horace said in Elon Musk buys a big chunk of Twitter:
I guess they didn’t regret their CS degrees.
You mean before they were all fired. Some of them might now have regrets.
I'm also confused. I thought it was only the arts and humanities programs that doubled as woke factories. The Twitter workforce is woke factor 10 but they're all CS grads?
@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
I guess they didn’t regret their CS degrees.
You mean before they were all fired. Some of them might now have regrets.
They'll all be fine. You don't get a job at Twitter by having a bad resume or bad interview skills or a bad phenotype.
I'm also confused. I thought it was only the arts and humanities programs that doubled as woke factories. The Twitter workforce is woke factor 10 but they're all CS grads?
No, it's well established that universities as a whole are woke factories now. Not that you learn wokedom in CS courses, but the extra-academic culture is entirely about that.
You can't talk about learning fuzzy real world skills in school, without acknowledging that absorbing the correct political attitudes, attitudes which are prerequisite for standing in front of large organizations and attesting to the correct things, is one of the most important such skills. I mean, if one wants to advance up the hierarchy.
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@Aqua-Letifer said in Elon Musk buys a big chunk of Twitter:
@Horace said in Elon Musk buys a big chunk of Twitter:
I guess they didn’t regret their CS degrees.
You mean before they were all fired. Some of them might now have regrets.
They'll all be fine. You don't get a job at Twitter by having a bad resume or bad interview skills or a bad phenotype.
I'm also confused. I thought it was only the arts and humanities programs that doubled as woke factories. The Twitter workforce is woke factor 10 but they're all CS grads?
No, it's well established that universities as a whole are woke factories now. Not that you learn wokedom in CS courses, but the extra-academic culture is entirely about that.
You can't talk about learning fuzzy real world skills in school, without acknowledging that absorbing the correct political attitudes, attitudes which are prerequisite for standing in front of large organizations and attesting to the correct things, is one of the most important such skills. I mean, if one wants to advance up the hierarchy.
@Horace said in Elon Musk buys a big chunk of Twitter:
You can't talk about learning fuzzy real world skills in school, without acknowledging that absorbing the correct political attitudes, attitudes which are prerequisite for standing in front of large organizations and attesting to the correct things, is one of the most important such skills. I mean, if one wants to advance up the hierarchy.
Yeah. Again with my comment about autodidacts and polymaths (or "multipotentialites" if you're partial to trendier jargon). It'd help with a lot of this.
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Eli Lilly is pulling its millions in ad spending on Twitter after last week’s fake posts debacle, according to a news report.
When an imposter Lilly account with a “verified” blue check mark touted, “We are excited to announce insulin is free now,” it set off a mad scramble inside Lilly to reach Twitter and get the post taken down, according to the Washington Post and its sources inside the pharma. The problem, however, was made even worse when no one at Twitter responded for hours, likely due to new owner Elon Musk’s massive staff layoff.
And in the hours that the fake post remained up Thursday afternoon, others joined in with “verified” imposter Lilly accounts with even more fake commentary. Lilly apologized on Friday at its official account@Lillypad over the “misleading message from a fake Lilly account.”
However, the real damage had already been done. By Friday morning, Lilly stock had dropped by more than 5% from the day before. The Twitter stunt pulled down the stock price of other diabetes drugmakers, including Novo Nordisk and Sanofi. Lilly’s stock has yet to recover and, on Monday morning, remained down more than 4% over the past five days.
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I really don’t know why they didn’t include some basic verification for the $8 a month. They used to do it for free. (At least Twitter didn’t charge, maybe employees did)
Basically for $8 of revenue from this fake account Elon is losing millions from a global pharmaceutical company.
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He clearly didn't have time to figure out what everybody who he fired actually did for a living.
In any company, there's all the funny little jobs that get done by a small number of people - it might not be well-documented, or even documented at all. So, some rich twat comes in, takes a look at the company from 10,000 feet, and fires all the people he doesn't think are needed. But he doesn't actually know what some of them do - he can't. And he leaves a bunch of people still working there who are going to be totally demoralized.
Dumbass.
