Twitter Inc on Wednesday was hit with a lawsuit accusing it of refusing to pay at least $500 million in promised severance to thousands of employees who were laid off after Elon Musk acquired the company.
He slashed damn near 2/3 of the company, their HRIS systems were in disarray, they removed much of the force that made it advertiser friendly, came up with obscene API pricing (no doubt to try and cash in on LLM companies), and have failed to pay rent and server costs. Elon took a flawed business model and made it significantly worse all while giving a middle finger to their advertisers which is overwhelmingly their primary revenue source.
Not to say his steps aren’t ones that should be taken, it’s the ways and means that alot of people are taking issue with.
When he took over Twitter it was unprofitable, and the steps he’s taking are ones that would be recommended for alot of struggling startups. But not for a major buisness.
Elon is used to moving quickly and breaking things often, as with a startup it’s fine if there are disruptions for a while or take years to become profitable.
deleted by creator
Do you practice being this stupid or does it come naturally?
deleted by creator
Wrong, stupid, and belligerent. The trifecta of incompetence.
You should slap your father for not having the common decency to wipe you on the curtains.
He slashed damn near 2/3 of the company, their HRIS systems were in disarray, they removed much of the force that made it advertiser friendly, came up with obscene API pricing (no doubt to try and cash in on LLM companies), and have failed to pay rent and server costs. Elon took a flawed business model and made it significantly worse all while giving a middle finger to their advertisers which is overwhelmingly their primary revenue source.
deleted by creator
@UserDoesNotExist
@lps2 @technology
Not to say his steps aren’t ones that should be taken, it’s the ways and means that alot of people are taking issue with.
When he took over Twitter it was unprofitable, and the steps he’s taking are ones that would be recommended for alot of struggling startups. But not for a major buisness.
Elon is used to moving quickly and breaking things often, as with a startup it’s fine if there are disruptions for a while or take years to become profitable.
Hi there! The links in your response are not clickable for Lemmy users, here are the clickable versions: [email protected]
deleted by creator