For the record, I liked #Jaiku and #Pownce and #Identi.ca better than I liked #Twitter, but #Plurk's weird horizontal zoomable timeline thing was weird.
@simsa04 One thing that stood out to me as a former business major is that ... once #Musk followed up his presumably drunk purchase offer with a serious purchase offer, #Twitter management was legally obligated to sell the company and to pursue any and all legal remedies to cause that to be accomplished. They could sell it to him or they could find someone offering a higher price, but they had to sell the company.
If Elon Musk wasn't so sure of his own superiority, he could have said "I was drunk / stoned and not thinking clearly, so the offer I made is rescinded", but instead he followed through (probably because he secretly bought 9% of the company before any of this happened, so making that sort of offer and not carrying it out could have subjected him to civil and criminal penalties).
It really is sad that they had to do so regardless of their belief that he was overpaying and that he would not be able to make the payments on his loans, but present US securities laws require this.
If the #Twitter saga teaches us anything, it is that "going public" with stock is not always the best choice.
A person or group with lots of money can come along and take over, ejecting the prior leaders and employees and changing the company's purpose and direction. They can wreck everything you built.
Sometimes, being a !smallbiz can hide you from corporate predators.
@clacke I assume that the company has a tradition of allowing employees to speak freely. I certainly would not use $EMPLOYER's #MSTeams system to criticize upper management. I have plenty to say about them, but I don't say it in *their own forum* or in a way that that can be trivially linked to a specific employee. Maybe #Twitter's employees never knew how good they had it until it all changed. Now that they have the ultimate pointy haired boss, they are subjected to the kind of things that restaurant / retail / warehouse workers had all along.
> Musk wants to squeeze out between $1.5 to $3 million per day in savings from servers and cloud services, which the report warns risks putting a strain on Twitter during high traffic events.
Elon #Musk facing challenging economic environment as he takes over #Twitter, also faces skittish advertisers who've seen all the things he posted.
That's probably one reason for the job cuts he's making. Aside from disagreements about the company's direction (e.g., the most likely reason for firing the executive team), he's expected to cut headcount by 30% or more; with some claiming up to 75%.
I know they're probably considered overstaffed (as are all large companies and government agencies), but I sincerely question his ability to make it profitable if he cuts 50% or more of the staff over the first year. (He could do the "hire younger people for less money and have the existing staff train their replacements" thing. I personally think that is vile, but he wouldn't be the first company acquirer to do this.)
I'm not on the inside, but it seems to me that once you pass 20% staff reduction, less people working means less work gets done. Now, sometimes, the work that no longer gets done was not needed anyway, but it doesn't sound like he's got a lot of runway to figure things out before he needs to be flying. His funders are going to start expecting to start receiving payments within months.
Why is it interesting to me? I still have a Twitter account. I'm trying to log in once per month, so I can gradually reacquaint myself with any of my contacts that are still there. In reality, it is probably closer to three times per year. If it weren't for Twitter (and a couple of once similar sites: Pownce, Jaiku, Identi.ca), I would not be here.
@simsa04 @geniusmusing If they did, their instance(s) would rapidly become the largest. They would be the “center of gravity” that endangers the health of every #federated network in which they appear.
However, I think that, freed from the distraction of #Musk and the public attention of #Twitter, they would rather focus on proving that a network built upon their #AT_Protocol is viable.