I mean, they're starting off with a 43 BILLION dollar debt to start with. I legitimately don't know how you make a profit, ever, starting that deep in the hole. I'm not an expert, but it's probably the most debt an investor had to climb out of on day 1.
And thats not even mentioning the fact that twitter wasn't even profitable before the sale.
So he bought a company that never turned a profit, was actively losing more and more money year after year, and he adds 43 billion dollars of debt to a failing business.
But hey, he went to harvard, right? Clearly he has better business sense than all of-----BAHAHAHAHAHAHA!!!! Sorry, couldn't say that with a straight face.
The profit is being able to hold X's leash and control what its users say about you, as well as steering the conversation in general toward topics you like.
Twitter's original plan was to run in cash infusion mode as long as possible. They never even substantially tried to monetize. They had links to all the other platforms, that all the best celebrities in journalists. Besides having just some tech debt issues they could have easily spun an AI product and sold the exact interests of their entire user base to the highest bidder.
Everybody sliding into AI right now isn't an accident. They train a model on the corpus of everyone's interactions. It creates a model deeply seated with everyone's likes and dislikes. They can use the model to infer stuff that's not even exactly stated. They can lump people together that you wouldn't be able to do in a conventional manner.
That user base, in the right hands, was worth the money. Just not necessarily for shoving ads in their faces on the site.
The irony of Mr. "I demand $56B to stay with the company, even though I already have more money than God" demanding at maximum $351,500 from six people who got shitcanned.
Musk doesn't have shit for money. He wanted the 56B payout from Tesla's equity to conveniently almost perfectly cover the money he was forced waste on buying his nazi propaganda broadcast site.
Who could have foreseen that laying off a shit ton of people and working the remaining people into the ground (often under threat of deportation due to visas) would result in costly errors??
My response: fuck you, sue me. I will drag out the lawsuit and make it as expensive as possible to litigate. Even if you win, it will be a net loss. Have fun!
This is the story with every company that Elmo acquires. Musk doesn't care whether the company succeeds or not. He just wants that bong-hit of attention he gets from having his name in the news.
Ironically, Twitter was his best chance of making that work, but he's too stupid to even run a social media network. This is like farking up running a casino.
This comment made me realize we tolerate Twitter because we can call it Twitter, but to make it go away, we need to stop focusing on that part and just pretend it doesn’t exist.
Not joking here. Fuck whatever it’s called. I’m not engaging any posts about it or from it anymore.
When overpayments occur, the employer and employee should discuss and agree on a repayment arrangement.
If the employee agrees to repay the money, a written agreement should be made which sets out the:
reason for the overpayment
amount of money overpaid
way repayments will be made (for example, cash, cheque or electronic transfer) and how often (this has to be reasonable).
Granted, this is generally for overpayment of wages and not specific to redundancy pay. There may be clauses in their contracts with varying terms that allow them to reclaim, but I'm just some dude on the internet.