President Elon Musk
He probably deserves his own thread at this point, discuss accordingly
He fired a bunch of people at Twitter based on nothing, no interviews, no questions to their coworkers or supervisors, but the number of lines of code they had checked in.
It's idiotic and no programmer would think that was reasonable.
"This level 5 has -1200 lines of code wtf fire his ass"
to be fair, fact that twitter has barely had any issues despite laying off 80% of their staff would deeply imply that most were not needed
mind you, microsoft, facebook, and basically any big tech firm has done the same thing, laying off up to 1/3 of all their engineers so it was definitely part of the grander scheme of "we are all way overstaffed" that tech companies realized
Do you regularly use twitter?
They could lay off the entire company except some hermit to maintain the servers and "nothing would go wrong" but thats not really the point of employing engineers
The layoffs were to address their 90% reduction in ad revenue
to be fair, fact that twitter has barely had any issues despite laying off 80% of their staff would deeply imply that most were not needed
mind you, microsoft, facebook, and basically any big tech firm has done the same thing, laying off up to 1/3 of all their engineers so it was definitely part of the grander scheme of "we are all way overstaffed" that tech companies realized
No issues ?
Well I’m pretty confident if Twitter would return on being a public trading stock , it would be massively valued lower compare to the time musk bought it and turn it private and not necessarily because of Elon last 2 months .
But yes you would of probably seen another big leg down since January but I’m talking even pre January 2025 .
No issues ?
Well I’m pretty confident if Twitter would return on being a public trading stock , it would be massively valued lower compare to the time musk bought it and turn it private and not necessarily because of Elon last 2 months .
But yes you would of probably seen another big leg down since January but I’m talking even pre January 2025 .
yeah but all tech is down bigly since then
and his offer was so stupendously above market value that he even tried to back out of it and this was before the tech market tanked
revenue is down for sure, but so must their overhead after cutting out 6k employees who conservatively averaged 250k in costs once you account for things like health insurance (and that's a very conservative estimate) that's a payroll reduction of 1.5 billion a year
revenue was only down 13% last year, while it's definitely not doing well by any means, it's going to run a whole lot better not spending a needless 1.5 billion on staff that clearly weren't necessary
was it a good business decision to buy it? no
is it worth more than earlier? no
fidelity recently valued it at about 10 billion, 34 less than what he paid for it
It wasn't that he laid people off, it was how he did it. He did it like an idiot. And he's doing the same thing to the federal government.
Do those numbers factor in the severance packages he is going to owe 100s of people and the litigation costs associated with it?
One of my HS classmates took that version of the “fork in the road” thing and has been waiting this entire time for his 6 months or whatever.
I did ask him about the functionality of the site and he said that like 3/4 the team didnt do anything to maintain core functions and it would probably run just fine forever in the same sense that you could open up a Geocities website 20 years later and it would basically look the same except some dead links. But if you’re looking for like updates/reliable new features/tools to integrate with B2B partners, that kind of stuff is basically gone.
Do those numbers factor in the severance packages he is going to owe 100s of people and the litigation costs associated with it?
One of my HS classmates took that version of the “fork in the road” thing and has been waiting this entire time for his 6 months or whatever.
I did ask him about the functionality of the site and he said that like 3/4 the team didnt do anything to maintain core functions and it would probably run just fine forever in the same sense that you could open up a Geocities we
it's not the first time someone took a look at payroll and decided it was best to spend a lot of money in the short term to get out of massive amounts owed for another decade or two, especially during takeovers and mergers
in fact it's quite common, just usually not to that scale nor to that level of incompetence
Round 1 of Trump vs Musk - The Falling Out.
After arguing with a few members of Trump's Cabinet, Trump tells Musk that, "From now on, the secretaries would be in charge; the Musk team will only advise."
Perfect tacit admission that Musk was running DOGE, lol.
Round 1 of Trump vs Musk - The Falling Out.
After arguing with a few members of Trump's Cabinet, Trump tells Musk that, "From now on, the secretaries would be in charge; the Musk team will only advise."
Perfect tacit admission that Musk was running DOGE, lol.
you have to pick a side,
Team Trump or Team Musk
who you rolling with?
Can we pick that we want them both to lose?
That exchange had me sadly rooting for Marco Rubio. Now I'm wondering whether I might root for Trump in some situation. Holy **** Elon sucks.
it's not the first time someone took a look at payroll and decided it was best to spend a lot of money in the short term to get out of massive amounts owed for another decade or two, especially during takeovers and mergers
in fact it's quite common, just usually not to that scale nor to that level of incompetence
Well yea, just pointing out that those costs may or may not have been accounted for in the specific numbers you cited.
More generally, what is common in private industry really shouldn’t be wholesale applied to government. “Run this country like a business” is seriously the most annoying the conservative catchphrase ever.
Given this fraud’s body of work I just naturally assume Leon is buying up Tesla’s to prop up shitty sales numbers he created by being Leon
More generally, what is common in private industry really shouldn’t be wholesale applied to government. “Run this country like a business” is seriously the most annoying the conservative catchphrase ever.
Tech is one of the most worker salary based industries. Something like the social security administration would s responsible for 73 million peoples benefits. Cutting the workforce even by 100% is not a huge deal when you look at the amount of money they are responsible for. But I don’t think too many people claim trump will actually reduce government spending. It’ll just be shifted to more trump friendly stuff like farm welfare.
The funny part is the next conservative to say I’ll run the government like a business will be able to say it only failed the last 2 times because W Bush and Trump were failed affirmative action business inheritance queens and he’ll be right on that point at least.
ya as much as I think trump is a complete shitperson I doubt he’s even in the top 5 of evil in his own administration/circle of influence
Musk is definitely far more malicious. Whereas trump is both a delusional fucking idiot and completely unfocused, Leon is a delusional fucking idiot and very focused
Also ya, having a beer with trump if nothing else would be a very interesting experience. There is nothing about having a conversation with President Dank Memes that would entertain me
Round 1 of Trump vs Musk - The Falling Out.
After arguing with a few members of Trump's Cabinet, Trump tells Musk that, "From now on, the secretaries would be in charge; the Musk team will only advise."
Perfect tacit admission that Musk was running DOGE, lol.
That was already the case as I told you guys repeatedly being mocked about it by people here which didn't understand the ongoing dynamic.
It was already the case. Secretaries/heads of agencies had the last call on everything affecting their department/agency
ya as much as I think trump is a complete shitperson I doubt he's even in the top 5 of evil in his own administration/circle of influence
Musk is definitely far more malicious. Whereas trump is both a delusional ****ing idiot and completely unfocused, Leon is a delusional ****ing idiot and very focused
Also ya, having a beer with trump if nothing else would be a very interesting experience. There is nothing about having a conversation with President Dank Memes that would entertain me
I wouldn't cancel any plans to meet with either one of them, but I'd definitively pick Musk out of the 2. Like Musk at one point probably knew some undergrad math or physics even if his actual physics degree from Penn is not legit. Maybe he never knew the difference between bosons and fermions but he probably knew that Sin is odd and Cos is even at some point in his life so I could at least find something entertaining to talk to him about. I'd bet 10x my net worth that trump couldn't tell you how many degrees the last angle of a triangle has if one is 90 and the other is 45.
ya as much as I think trump is a complete shitperson I doubt he's even in the top 5 of evil in his own administration/circle of influence
Musk is definitely far more malicious. Whereas trump is both a delusional ****ing idiot and completely unfocused, Leon is a delusional ****ing idiot and very focused
Also ya, having a beer with trump if nothing else would be a very interesting experience. There is nothing about having a conversation with President Dank Memes that would entertain me
This.
Trump left to his own devices would just have rallies all day and go golfing as much as he could. He could give two shits about policies or governing or conservativism or whatever. He just does whatever he thinks will help him stay in the spotlight and win.
99% of the actual stuff happening comes from people basically using him as a front, a la DOGE.
