Re:Twitter alerted employees all office buildings closed and...
by absrd on Friday November 18, 2022 @04:34PM
(#33662608)
"burning cash" in this context doesn't refer to the literal burn rate, it's more that he's spending a great deal of money without presenting any clear vision or direction for the company
Re:Twitter alerted employees all office buildings closed and...
by snowwrestler on Saturday November 19, 2022 @09:14AM
(#33670224)
I agree that is what is happening, but that’s not what “burning cash” means. Which was the point of my comment.
Cutting the burn rate is a clear and sensible part of Musk’s strategy. The more he lowers Twitter’s expenses, the more time he gives Twitter to try new things.
He’s done a terrible job of executing it, but that part of the business strategy, at least, is sound.