Re:I am excited to welcome Linda Yaccarino as the new CEO of...
by JumpCrisscross on Friday May 12, 2023 @01:43PM
(#35919468)
> I've heard nothing but complaints about bugs, ad revenue falling off a cliff and replies being nothing but right-wing reply guys
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 The new product initiatives were busts, but quickly withdrawn when the data showed they didn’t work.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.
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 The new product initiatives were busts, but quickly withdrawn when the data showed they didn’t work.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...