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Re:Elon Musk tells Twitter staff to work long hours or leave by Andys on Wednesday November 16, 2022 @03:57PM (#33630455)
For shares in a company that might rocket to the moon?
Re:Elon Musk tells Twitter staff to work long hours or leave by neaden on Wednesday November 16, 2022 @04:02PM (#33630534)
It's a private company now, I don't believe any Twitter employees are getting any equity.
Re:Elon Musk tells Twitter staff to work long hours or leave by Andys on Thursday November 17, 2022 @04:38PM (#33646151)
I saw it mentioned somewhere that he's planning to offer some kind of share bonus similar to SpaceX.
Re:Elon Musk tells Twitter staff to work long hours or leave by joshstrange on Wednesday November 16, 2022 @04:02PM (#33630529)
How did they handle shares? I thought they just paid them out (or were going to) but it's not a public company anymore. I mean I guess you could still have shares internally if they wanted to go public again...
Re:Elon Musk tells Twitter staff to work long hours or leave by drenner on Wednesday November 16, 2022 @04:54PM (#33631317)
Ignoring the fact that it's a private company now with no publicly traded shares, Twitter loses $4 million per day. Before the buyout, most of its revenue (> 90%) based on ads. But now advertisers are leaving the site en masse and there's no real plan to replace that lost revenue, let alone make the company profitable.
Re:Elon Musk tells Twitter staff to work long hours or leave by more_corn on Wednesday November 16, 2022 @07:57PM (#33633463)
Also the leveraged buyout saddles twitter with debt. It coats $1B/yr to service (interest). I don’t see a light at the end of the tunnel, but I hear a train.