“2 day a week office requirement = 20% voluntary departures,” Calacanis wrote. “Day zero…sharpen your blades boys."
[1]: https://www.yahoo.com/video/elon-musk-jason-calacanis-messag...
In what possible world is it "Dems" fault that Elon Musk is a shitbag?
Musk has agency.. he chose to overpay, he wasn't forced to. To avoid squeezing the shit out of Twitter, he could have just not made a binding contractual offer to buy the company for $44 billion. It's like saying that of course these ghoulish private equity companies have to squeeze the shit out of the nursing homes they buy in order to make their money back.
They could just not do the first part and avoid making everything around them shittier?
During the hearing where his license was getting revoked, he literally requested an emergency recess, during which closed on a deal where he bought an assisted living/nursing home complex, with his son as the license holder for the nursing home.
People like this exist and are the lowest scum.
"New Twitter" feels like the worst version of private equity LBO capitalism. Suddenly the rationale for every decision is entirely extractive finance; load the company with debt to juice your shareholder returns, fire everyone who can't be proven to be profitable, break your leases, close your offices, kill all perks, cease all meetings of your employee affinity groups, make sure nobody is working on projects that don't have a straight-line to revenue growth, squeeze every dollar out of your users, monetize any surplus that you were previously providing while relying on inertia to keep your users through the much worse user experience.
Elon-era Twitter is basically 2000s-era Sears -- and man is it depressing that people are cheering it on.