Re:If you (still) work at Twitter and you can code, head to ...
by adventured on Friday November 18, 2022 @01:59PM
(#33660110)
It's not going to stumble into a new sale or bankruptcy anytime soon (next several years).
He'll slash the costs dramatically to adjust for the loss of revenue. He just sold another $4 billion in Tesla stock the other day to most likely cover the expected losses over the next few years. Slash deep enough and you can easily run Twitter on a few hundred million dollar loss per year. He probably thinks he can get it to break-even following this approach over the next few years and go from there.
Facebook was profitable at under $1b in sales with a larger userbase size 12 years ago. Why can't Twitter get there today? Twitter was unprofitable with $5.2b in sales, it was an exceptionally bloated corporation.
He'll slash the costs dramatically to adjust for the loss of revenue. He just sold another $4 billion in Tesla stock the other day to most likely cover the expected losses over the next few years. Slash deep enough and you can easily run Twitter on a few hundred million dollar loss per year. He probably thinks he can get it to break-even following this approach over the next few years and go from there.
Facebook was profitable at under $1b in sales with a larger userbase size 12 years ago. Why can't Twitter get there today? Twitter was unprofitable with $5.2b in sales, it was an exceptionally bloated corporation.