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Ancalagon · 2 years ago
In the name of workers rights: good. I hope it decreases more.
lazzlazzlazz · 2 years ago
Employing too many people in jobs that aren't productive is bad. Given the allegedly high skill of many of these people, it's much better for them to be reallocated to more productive, more valuable roles.

Twitter was a failing company. Cursing them with too many employees isn't good for anyone.

Timon3 · 2 years ago
First off: it seems like the many employees at Twitter did have a positive impact on the company, considering the many issues it has been facing since this was reduced. I know that it was a common refrain that Twitter was completely over-staffed, but how do we actually know?

Second: the issues regarding worker rights go much further than simply laying off many employees.

- Laying employees off while promising severance, then never paying that

- Making employees fly in on extremely short notice just because the owner wants them to

- Reneging on previous contractual agreements (e.g. remote work) just to get them to quit

- Forcing the remaining employees to work way longer than is necessary, even setting up beds in the offices

People deserve stability and normal treatment. A billionaire manchild should not be able to make their lives this bad just because they want to!

late2part · 2 years ago
I've met a lot of people who were employed at Twitter, and the description "Worker" applies to very few of them.
paulryanrogers · 2 years ago
How do you mean?
nataliste · 2 years ago
Not everything reduces to monetary value. And I'm guessing the person with almost the most monetary value on the planet has a better position than most to perceive that. I honestly think he's doing this as what someone on Substack will eventually call anti-enshittification; buy enshittified platforms at personal expense and remediate them to serve what they directly perceive as the public good rather than the bottom line. Of course, publicly stating that you're planning to lose money on an investment will cause heads and credit ratings to explode, so it'll likely always be ambiguous when it occurs. Or he could just be an impulsive idiot that consistently makes poor business decisions. I don't know.
penjelly · 2 years ago
for being "anti-enshittifying" he sure has enshittified the platform rapidly
lazzlazzlazz · 2 years ago
Doesn't this mean that it has only decreased approximately as much as the market since the offer was made? Makes sense, if so.
jhonof · 2 years ago
The market has not lost 66% approximately in 1 year, that would be a catastrophic decline.
MattGaiser · 2 years ago
Which market are you referring to that has declined to 1/3 of its value?
Zigurd · 2 years ago
1/3rd is generous. It's not going to go offline. But now it's in a failed social network afterlife like MySpace.
jqpabc123 · 2 years ago
Musk apparently didn't grasp the basic nature of what he was buying.

Twitter is/was primarily an advertising platform. Advertising is not "free speech" but rather the opposite of it.

Advertising may use technology but technology is not the real focus. It is really a social and psychological and political/public persuasion operation.

Catering to misfits and outcasts and extremists is an unbelievably bad way to promote advertising. Very few businesses want to be associated with Nazis --- even those run by ideological fascists.

Bottom line: Musk is particularly ill suited for the business he bought into. He has no one to blame but himself.

catchnear4321 · 2 years ago
“musk’s” is a bit misleading. that was the point of the purchase.

the value of twix is not monetary, nor is it universal. but it is massive. for those that actually own it, the paper loss is unimportant compared to the people gain.

> who on earth would want elon musk as a figurehead?

who might benefit from installing a clown at the top of their surveillance apparatus? having him spew whatever comes to mind really grabs the attention away from those that hold the purse strings.

Zigurd · 2 years ago
It is a massive fuckup. There is no 4-dimensional chess happening. Elon thought he could flip Twitter at less cost than litigation and a judgement against him. That was an impulsive decision with zero planning.
fragmede · 2 years ago
Who among us hasn't made an impulsive decision with zero planning that cost is $44 billion? Just him? Hm.
catchnear4321 · 2 years ago
musk isn’t the one benefitting the most from this.
unnamed76ri · 2 years ago
Yet the site is so much better than it used to be for the average user. The algorithm doesn’t feel hostile to rational thought anymore.

And he’s got millions of people paying to use the site now. But I guess maybe that isn’t making up for ad revenue losses? The article is paywalled so I don’t know how they reached their conclusions.

freejazz · 2 years ago
> The algorithm doesn’t feel hostile to rational thought anymore

Really? When people are reporting actually seeing CP and more Nazi BS?

lazzlazzlazz · 2 years ago
I have never seen such abhorrent things as you've described, and it is meaningfully better in my experience.
unnamed76ri · 2 years ago
People have been reporting CP on Twitter for years and have shown evidence that old Twitter ignored. From what I’ve seen, new Twitter seems to be doing a better job of scrubbing that stuff.

What Nazi bs are you referring to? Only thing I’ve seen is a couple silly Russian fanboys calling Ukraine a Nazi country.