They’re allegedly approaching cash-flow breakeven [1]. Musk is notoriously unreliable with timelines, but he tends to be conservative with purely financial ones. That, assuming this is actual cash flow and not an unlevered metric like Ebitda, signals stability.
I’m not calling it a success. But Twitter is operational. People complained but, largely, haven’t left. The new product initiatives were busts, but quickly withdrawn when the data showed they didn’t work. Stability is on the horizon; it’s not Armageddon.
> Elon would have cut the actual fat. Instead he (directly and indirectly) destroyed Twitter's relationship with advertisers
He did both. He’s now trying to reverse on the latter. Given the financial stability, Yaccarino has a solid foundation from which to do so.
[1] https://www.bloomberg.com/news/articles/2023-03-07/musk-says...
I think it's pretty clear that there was a lot of fat to cut. From a technical perspective Twitter hardly seems to be suffering at all.
The biz move (to pivot to a right-leaning social network) is what scared off users and advertisers, not the layoffs per se. In a counterfactual world where Elon slashed staff but left the existing policies and target demographics in place, Twitter would've been a lot healthier.
Posts and quotes fairly frequently don't load (though QRTs were never reliable) but more importantly they've stopped moderating everything, which is why searching for "cat" has returned animal abuse videos for the last week, and their solution was to turn off autocomplete of search terms.
(i should perhaps disclose that i have a very low opinion of Musk, but don't hate him)
At the moment it's hard to say whether the stream of small bugs (the one that annoys me is that the unread notifications indicator seems to be perenially out of sync) is just normal enshittification, or the foreshocks before The Big One.
Is it clear? I haven't really used Twitter since well before the acquisition, but I've heard nothing but complaints about bugs, ad revenue falling off a cliff and replies being nothing but right-wing reply guys.
> This is a classic cut-the-fat corporate raid.
If this were true, Elon would have cut the actual fat. Instead he (directly and indirectly) destroyed Twitter's relationship with advertisers, which was the only meat in the company. All that's left is fat.