The Great Displacement Is Already Well Underway

Re:The Great Displacement Is Already Well Underway by voidspark on Tuesday May 13, 2025 @03:54PM (#43976969)

We don't know if it is losing money. It's a private company.

He reduced the headcount to roughly what it was in 2017. At the time of the acquisition, many of the employees were in non technical roles, contributing nothing of value, posting videos about their empty work day on TikTok. Jack Dorsey admitted that he made a mistake by over hiring - more than doubled the headcount from 2017 to 2021.

https://www.statista.com/statistics/272140/employees-of-twit...

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Re:The Great Displacement Is Already Well Underway by procaryote on Wednesday May 14, 2025 @05:10AM (#43982488)

We know the value as perceived by investors has dropped. We know usage and revenue has dropped. There are now several competitors in the same space, some fairly successful.

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Re:The Great Displacement Is Already Well Underway by voidspark on Wednesday May 14, 2025 @02:10PM (#43987534)

We only know that value when they make an offer to buy the company. Otherwise it’s all speculation.

If the perceived value has anything to do with Elon Musk’s politics then that becomes irrelevant under new ownership.

I don’t think there are any real new competitors. Blue Sky is a joke. Ultra niche platform for weirdos. No economic value there.

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