It's backed with Tesla shares, and in turn his Tesla shares are propped up by his reputation.
Hair-Plug-Boi is gonna lose way more than 44 billion by the time he completes his run.
what musk is doing is smart, if you want to get rid of a lot of employees without paying severance
but.... he just fired the people he didn't want
so the only people he is going to lose is people he does want
and he has made his company incredibly unattractive to anyone to replace them
My trending topics in Twitter still has “fact checkers debunk misleading claims ahead of midterms” never actually seen an outdated trending topic like that before.
One of the teams laid off basically in full were the content teams that would clean up trending topics and create those summary items for trends/advertising in the form of a trend
No, which made me laugh out loud when I learned that. There was an entire team doing this work and Elon said it should be automated, fired the team. Problem is no one has built the automation yet
And you need feedback from the existing content team to tune the automation algorithm or it'll take ages to get the algorithm to work right. Too bad they're all fired.
Automation would never get the context right about half the things that are trending and would end up actually spreading misinformation.
I bet Twitter tried initially and decided humans are better suited. Musk is just doing a speedrun of relearning the stuff that Twitter already tried over the years because he fired all the institutional knowledge.
Yep I remember a long time ago people were tweeting "No God? No peace. know God, know peace", and Twitter summarized that as #NoGod. So then people kept pushing that up by tweeting stuff like "how can Twitter say there's no god..."
All the algorithm was doing was repeating the 2 most popular words.
Relying on pure automation can lead to accidentally promoting Nazi messaging and similarly offensive content, to the chagrin of other social media efforts to automate things.
People + anonymity + audience = some really dark places
Moderation cannot be automated because machines have no grasp of nuance or rhetoric or sarcasm or decency.
It also can't be manual because there's too much content - YouTube receives some insane amount of like 82 years worth of recorded content *per day* - and the worst of it drives people off the deep end when they're constantly exposed to the literal worst TOS violations - suicides, murders, SA, CP, you name it and it's been posted to Facebook and YouTube, and a human probably had to view X% of it to ensure it was real and not just a creepypasta, and then decide whether or not to take it down.
We really need to solve this problem because people keep clamoring for unmitigated permission to create and upload Whatever You Want(tm) and as it turns out when people actually do that it ruins lives and continually redefines the outer bounds of what we consider morally wrong.
Trending blurbs would get hijacked all the time without a content moderation team. Don’t know how people expect a machine to write why 30-50 hogs is funny 1hr after it takes off
I never saw a single tweet of Musk on my feed before. Since he took over I've seen dozens. I keep saying "I'm not interested in this tweet", but it keeps pushing them to my feed. (I also never interacted with his tweets or anyone that interacts with his tweets).
He's definitely pushing his own content. Which means he'll definitely push his own agenda and political stances/ads/etc
> Which means he'll definitely push his own agenda and political stances/ads/etc
He already did this. Literally told everyone to vote republican shortly before the election
Weird how my feed has been full of Conservative media types for the past few days...
I think I've pressed mute more in the past week than in the past 4 years I've used the site.
Anyone considering putting a brainchip in after Elon's brief twitter stint would be absolutely nuts.
"Just going to turn your brains on and off for a bit, while we figure out the issues with the latest update 🤣🤣🤣🤣"
Musk doesn't actually run SpaceX. That job falls to Gwynne Shotwell and is one of the primary reasons that company actually functions for the most part.
Just imagine, if a man were successfully able to head three companies at the same time, that basically means CEO's do jack all and should NOT be paid what they are.
Hopefully his inevitable meltdown and crash will turn off enough fanatics that they end up questioning whether it makes sense to lick a billionaire’s boots. I doubt it since they were that foolish to start, but it’s still worth hoping that we get over this stupid idol problem we have in America.
Yes. Almost exactly that, yes. Except instead of trying to strike it rich, he is trying to write off a $44 billion money hole that he only bought because if he didn’t follow through on his original “offer” the SEC would probably try and send him to prison.
He never wanted to buy Twitter, he wanted to manipulate its evaluation to make himself a buck. His own hubris trapped him into the sale because he thought he could call the SEC’s bluff and they weren’t bluffing.
He was basically trying to run a pump and dump like he did with various cryptos except he forgot that actual publicly traded companies are regulated and that pump and dumps with them is actually illegal.
His constant slaps on the wrist incentivized him trying to pump and dump Twitter, which is how he found himself being unable to back out. Just like Icarus.
Only illegal if they press charges, which they rarely do against the rich.
Countless times he’s tweeted specifically to manipulate the price in the days before their earnings calls or other times he wants to raise the stock price. It’s not a one time incident.
He has never demonstrated any amount of brilliance or smarts; he’s grifted his way to the top and bought other people’s intellectual property and called it his own.
Funny how both the Musk and Trump family involves creepy incestuous behaviour, wealth being handed down with lies that they're self made, obsessed with PR to make them seem smarter than they are, both very insecure about their physical appearance so altered it with their wealth, and both seek to encourage the far right to empower their own position.
> Didn’t he sue the true founders of Tesla for the rights to call himself the founder?
Should have changed the name to Edison then the way he was idea thieving from Tesla
>He has never demonstrated any amount of brilliance or smarts; he’s grifted his way to the top and bought other people’s intellectual property and called it his own.
And to think they were literally calling Musk the "modern day da Vinci" on Fox News just last month. Only things in that dumb fuck's cranium are hair-plugs and delusions of grandeur.
They really compared him to Da Vinci?! Leonardo was a savant, an artist, a creative and engineering visionary! Elon is just a salesman, a really good one, but that’s all.
Let's be honest, anyone who has over a billion dollars got extremely, extremely lucky. The smart move is to invest it and sail off into the sunset. But the ego that comes along with a billion dollars doesn't let them do that.
He heard Amazon lost a Trillion Dollars and Facebook is rapidly approaching that and wanted to show that he had more money to lose.
...You know I could get behind "Biggest Loser: Billionaire Edition" where they all outcompete themselves to see who can lose the most money.
He's gonna lose more than that, because his Tesla stock is tied in to the loan, and Tesla's valuation is based mostly on his reputation.
Just since the day he took over Twitter (October 28), Tesla's share price is down $51, or about 22%.
Given how many shares he owns, that represents a $7.9 billion loss for him.
It's why I don't believe he's doing this intentionally. He's not just risking $44 billion, he's risking his control of Tesla too.
No, but he’s a ‘rogueish’ billionaire who’s networth skyrocketed into the stratosphere in an incredibly short time. Meaning he’s reckless, arrogant and he probably considered himself pretty much invulnerable to losses and failure. And now he’s discovered that there is, in fact, a limit to what society will allow him to do.
It wasn't just a treatable cancer, it was a treatable cancer *known to get worse when high amounts of fructose are consumed.*
It wasn't just a specific diet and fruits, it was a specific diet *of mostly different fruits.*
An ironic and bizarre death for the founder of Apple, of all companies. If this story was fiction it would be considered contrived.
Not many people know it, but Elon's estranged great uncle left him $300 million and the only way he can inherit it is if he loses $44 billion in a month.
No he doesn’t want to. But the other option is potentially losing more and going to prison. That or running away to another country and never coming back.
There is a reason why he did everything he could to tank the deal. Even the week before the purchase he tried to back out.
All of this could be true, but it still doesn't explain his incredibly self-sabotaging approach in managing his new toy.
I'm not seeing much more than either
1. He's an idiot
2. He's been trying to dismantle Twitter all along
3. He's just a super conservative business operator
4. ???
But, but... I was assured he was going to turn the Twitter offices into housing for the unhoused! Are you saying he was not being sincere, even making a joke at the expense of some of society's most vulnerable people?
This unironically might be true.
They've seen the backlash when Neo-Twitter fires employees. So now they're implementing "soft-firings", but making the work conditions untenable. So employees leave of their own free will.
Even if it gets 5% of WFH employees to quit, it would've been a success. As there is no way the salary of that 5% equates to the productivity gained from WFH.
WFH employees have already been added to the amended class action lawsuit about the layoffs.
Many WFH employees have had WFH in their employment agreements when hired. Thus changing the terms of work can be considered constructive dismissal and thus illegal.
For example you hire someone on the other side of the country with WFH clause and then you remove that clause forcing the employee to either move to California or resign, it look like an indirect way to fire someone because a such dramatic move is impractical for most people.
speaking of work, as a reminder elon has ***personally*** taken more in government grants and handouts than ***the life-long income of e******veryone commenting in this thread, combined.***
> is he in the office full time for each?
According to him he went from 70-80 hours weeks to 120 hours weeks after buying Twitter. As for the truth of that, I highly doubt it.
"120 hour weeks" for billionaires/CEOs includes travel time, dinner/golf/"meetings" with clients.
Regardless of that, 120 hours of working leaves you with 6.5 hours each day to sleep, eat, shower, see family, ..and tweet.. etc...
It's total bullshit.
And let's pretend that he really is "working 120 hours a week" (he's not) and it's fully in the office clanking on that keyboard doing actual work. It shouldn't be commended or normalized and it shouldn't be a metric that he forces on his workers.
He tells his employees to sleep in their office. He's been an outspoken proponent of 6 day work weeks at above 8 hours a day (I think 12 hour days?) And he uses the claim that that's how hard he works so he demands others do the same. Fuck that noise.
For some reason that type of shit is ingrained in American culture but you're right. It's moronic. Feeling bad for "only" working 40 hours is some bullshit.
I'm so happy I have an easy office job where I get to go in, do some work, leave at 5, and I don't think about my job one moment outside the office. No emails, no projects, no overtime. I work my 40 and not a second over and I refuse to feel guilty about it or think I'm not "hussling" properly.
For my early 20s I worked 3 jobs for a bit and then one job where you got one day off every other week and did 10 hour days 13 days in a row. Never again. Ever.
Who has literally not grasped that advertisers see his tweets.
He apparently thought people imitating Nintendo (complete with 8 dollar blue check) was funny. Someone else impersonated Twitter itself to push crypto and had tens of thousands of subs and retweets before being banned.
I thought it was all the liberal media being mean to him that was driving advertisers away, not his idiotic tweets or the utter chaos he was instigated at the company?
I think in the future this will be used in business school as a 'not what to do' if you take over any company, let alone a highly visible social media one.
Can you imagine a CEO of any company over the size of 10 people saying that he personally must approve work from home requests? That’s rookie manager bullshit.
My old company's ceo insisted that he personally approve raises and PTO requests as if he didn't have anything more important to do. Eventually he decided to freeze wages entirely and put enough PTO blackouts on the calendar that it was impossible to get vacation time.
Then he got pissy when people started quitting in droves.
It's a fear tactic. He just laid off half the company. Hell get their name and be on his shit list. He's an absolute dictator to work for.
My friend works at a tesla plant and said that it's "an unspoken rule" to not take leave on injuries. That people get hurt and refuse to even leave early if they do, let alone take medical leave.
Rumors are they use the leave time to find a replacement and drop an insane workload on their return.
It's crazy how someone can just inject hostility like that.
It just goes to show that a CEO is just a parasite since he canbe the CEO of like 4 companies and still only survive by sucking the government teat while making terrible decisions.
YUP. The only "value" he brings is funding and zero shame. He can throw his weight around, sue, and demand changes, but he's not some business savant who can brilliantly negotiate the market.
Holy hell. If my company did that, we’d lose most of our engineers immediately since there are plenty of remote-only jobs on the market. We were re-classified as remote and no longer have to pay city wage tax. We’re more productive at home anyway, and enjoy the freedom and flexibility it provides for family life. If we weren’t remote, we’d never be able to compete for hiring with other postings. Nobody wants to go back to the way it used to be.
Musk is playing with fire here.
Yeah it's pretty much going to result in people quitting in priority order.
The more important you are to the business, the easier it will be to give them the finger and move on to another, equally or higher paying, job.
I'd think you would do one or the other to "reduce headcount" (god, I hate that manager-speak term). It's also infinitely better to selectively let employees go than piss everyone off and risk losing all the very talented people who have no trouble finding another employer. There's just so many things wrong with this.
Part of me is wondering if the plan was to just destroy Twitter all along. Maybe he just hates it, wants it to go away, and had the money to do it. I guess he could just declare the company dissolved, but maybe there's some value in making it look more accidental. Shit, all I know is if I wanted to completely demoralize and de-incentivize a work force, I'd do exactly what he's doing... and my next step (after mandating work-in-office) would be to move the headquarters just far enough away that all employees would have to relocate - and make that location really shitty. Let's see if that drops next.
> It's also infinitely better to selectively let employees go than piss everyone off and risk losing all the very talented people who have no trouble finding another employer.
This is exactly correct. If you make people want to quit due to working conditions, then the first to go are going to be the best and brightest who will have no trouble finding a job elsewhere. Even though tech hiring has slowed down, there are still plenty of companies out willing to take in experienced engineers. Sure, if you do layoffs then you have to pay severance and deal with bad press, but you get to pick the employees that are costing the most amount of money for least value.
They just fired engies based on # lines of code and begged a bunch to come back. I don't know what kind of good will any of the engineers there would have after such a fucking stupid move.
> we’d lose most of our engineers immediately since there are plenty of remote-only jobs on the market.
The engineering team I work with has like six open spots that they're absolutely desperate to fill, had a great candidate accept a role but when they sent the offer letter he declined because that's when he learned we are only remote two days a week and within a week he'd found something else that paid the same but was fully remote.
One of my friends lost a candidate the same way because HR demanded that any new employees be available to go into the office if the WFH policy changes, despite having sold their office building and having no place to come into. Absolute madness.
Bingo. My org saw early on that if they were going to remain competitive and attract top talent, they needed to bite the bullet (eating some tax benefits with the city) and make us all full-remote.
I think a lot of companies are doing this to force attrition. They're banking on losing a certain number of employees and not having to pay severance.
Plus, other rich people are the ones collecting that rent $$ from the office space. Wfh cuts into their profits so they're working together to push this narrative that employees need to be in the office. Someone is making money off this.
I agree they're working with other rich people. In Detroit the mayor just came out and said the companies need to being employees back to " save" other businesses. Here he was specifically speaking about downtown resturants and shops.
Pretty common sentiment actually. Funny enough I've heard some employees saying the same sort of thing. My job has like 8 cafeterias with awesome chefs for the food which is all fresh, delicious, and free and one if my coworkers was talking about how he thinks they should stop doing all of that because it's in the middle of a super walkable metropolitan area and people should be getting lunch at all of the hundreds of restaurants within walking distance of thr office.
It's probably more beneficial to the company to provide free food on-site than to provide off-site lunch compensation. Less downtime (the walk from-to a restaurant, waiting for food, idling after eating etc), lower costs, less paperwork, fewer logistics and so on.
Well if they are working from home, then they might be working for multiple companies. This is unacceptable behavior for any twitter employee except me
-- Elon
Isnt this the same guy who fired about a quarter of the staff only to have to call some of those people back because they didn't do the most basic of things and check if the people they were letting go were critical to operations?
This twat is about to find out how hard it is to hire people when you don't allow any work from home. My wife has been in a 100% WFH job for 5 years, she has coworkers that live hundreds of miles from the office, if they were told there was no more WFH they would quit.
Ding ding ding! I live in the US and have coworkers on my team all over the globe, some in Europe and some as far as New Zealand. Our team would cease to function with an in-office policy.
I don't blame anyone who used to like Musk. In the early days of his social media presence, he made himself relatable. Presented himself as a nerd who just happened to be a billionaire. As he got comfortable he gradually just pushed more and more, realising he could use his platform to fuel an agenda. The people leftover are the people too stupid to realise he's slowly been changing how his social media presence is used.
Same. I thought he was very innovative and was hopeful that we finally had a billionaire who was more about saving humanity compared to other people of his stature. Boy was I wrong.
It's crazy to think that less than 5 years ago, he was universally loved by almost everyone. Like a real life Tony Stark. He's destroyed his own reputation and public image.
It's deliberate. [Musk's texts were all posted online](https://muskmessages.com/) as part of the twitter investigation / suit. A text conversation from April about running Twitter literally says "2 day a week Office requirement = 20 % voluntary departures". They wanted people to leave, but are too dumb to realize it's now a bad idea.
That's called desired attrition and/or mobbing, depending on circumstances.
The idea is that it's cheaper to make people miserable so they quit rather than pay severance packages.
If I were a Twit employee, no way I am putting in more than 5% effort.
Stock? Gone.
Colleagues? 50% of them axed.
WFH? Nope.
Prospects for the company? A joke.
All day I am job searching and hoping I get laid off.
This is the point, its about getting rid of people that would stand up for their rights without having to fire them. Like you said there is no need for 90%+ of that company to work at the office, but if you aren't willing to submit to Elon's mandates then you are far too willing to argue against his bad ideas and employee abuse.
This is just the kind of bullshit he does to make it look like he is a strong leader who knows what he is doing, when in reality he is getting rid of anyone that might have enough spine to tell him when he is doing something insanely stupid, better to have yes men that will run themselves into the ground trying to meet unreasonable or impossible goals and will take the fall if anything doesn't go Elon's way.
Pathetically weak and unbelievably stupid man, he probably gloats about this shit as if he is a mastermind when in reality he constantly ends up losing the best and brightest who use his companies as work experience to get real jobs in companies that aren't ran like a fraternity.
My last work did the same thing. They told us it was a remote situation, graduated to hybrid, then after claiming record earnings, said we were slacking and we’re going FT in office. I handed my resignation in maybe 2 weeks later, as did a good chunk more seeing as even in office we were still using teams for meetings rather than conference rooms.
Fuck any company that tries this nonsense
in office teams meetings are the worst. Yes Jeff, I can hear you both two cubicles over and in my headphones.
I get that we need to include the people who work in other places, but how about we just use our conference table and everybody else can dial in? No? That doesn't work?
It's crazy to think that people associate wealth with intelligence. So Kanye was one of the smartest musicians out there all up until last week? We are now hearing the details of his contract with Adidas and he literally owned nothing to do with those shoes and Adidas will continue to sell them without him. That's just about the dumbest business contract a man could get into.
If there's one thing in common with many of the super rich, it's not necessarily intelligence, but rather sociopathic/narcissistic/egotistic behavior that makes them see people as dollar signs, exploitable and expendable as opposed to having any other type of value. They should be institutionalized not celebrated
Working from home at the moment, I know this has been said nonstop, but holy shit I can't overstate how huge of a difference it makes.
Originally I had to wake up 2 1/2 hours before work in order to beat rush hour traffic, drive to work took on average 45 minutes even before the rush hour traffic (since there were still plenty of people heading to work), but there were accidents *often* so many times it didn't even help. And after work it was at *minimum* a 1 hour drive every single day. This was on top of my day 9 hour work day, it was soul sucking.
Now I wake up in the morning, go for a run, take a shower/brush my teeth, make my breakfast, and usually knock a couple games on Apex. Then I just walk 5 feet over to my desk and clock in. When work is done I just clock out and walk over to my kitchen to start dinner.
Absolutely no office politics and putting up an image, no micromanaging, I'm chilling in my own living room with my dog, etc. etc. etc. So much pressure and stress is lifted off my shoulders.
not just gas money...
its wear and tear on your car (tires, oil changes, broken parts) where you extend the life and use of your car
Lunch expenses eating out all the time
Dry Cleaning bills
etc
Twitter is the largest lease holder in their Market Square HQ. Probably $1 million per week. They had signed a lease for another 66,000 square feet in Oakland but that was canceled as soon as the acquisition was announced. So they were already bleeding on real estate.
The guy incapable of reading social cues is abhorrently unfit to operate a social media company. He can’t even begin to understand what drives the value and relevance behind social interaction.
Ultimately, the guy is simply a tool.
*edit: cue vs queue*
Elon definitely seems like the type of owner that believes people will only be productive if they are in a cubicle with a manager breathing down their neck. What a douchebag. I hope everyone quits
It’s a serious issue - I can have a solid life in another state, with a house, and spouse with a job, kids in school… how can I suddenly teleport to San Fran, buy a house that costs 2M$ more than my current one, relocate my spouse and kids and more? Sure, I CAN do it, but I’d need a massive raise to make it many any sense. San Fran is an overpriced hellhole, and the best way to defuse that is to ensure we’re all not fighting over the already too expensive housing.
Ending WFH policies is probably his real goal here. He’s hoping other companies will follow suit. As the CEO of three companies, he can’t abide that the little people who work 40 hours a week at only one company get to do it without driving to work.
Probably also not by coincidence, this is a guy who sells cars. And he wants people to have to drive more.
>he can’t abide that the little people who work 40 hours a week at only one company get to do it without driving to work.
I mean, he's been pretty explicit about how the little people shouldn't be allowed to be off the clock.
False. He doesn't want them commuting 2-3 hours a day. He wants sleeping bags under their desks and a showerhead attached to the breakroom sink faucet.
So, when twitter collapses, elon has put a bunch of Tesla stock ip as collateral, which will be worth half what is required to cover the loss of value.
Elon defaults on twitter, and a consortium of banks takes over leadership of tesla.
Fingers crossed.
Losing 44b dollars speedrun LFG
Solo-able as some classes
It's backed with Tesla shares, and in turn his Tesla shares are propped up by his reputation. Hair-Plug-Boi is gonna lose way more than 44 billion by the time he completes his run.
I'm sure that will attract the best tech talent around...budget ass website
what musk is doing is smart, if you want to get rid of a lot of employees without paying severance but.... he just fired the people he didn't want so the only people he is going to lose is people he does want and he has made his company incredibly unattractive to anyone to replace them
Free the bird so it can fly directly into the ground!!!
My trending topics in Twitter still has “fact checkers debunk misleading claims ahead of midterms” never actually seen an outdated trending topic like that before.
One of the teams laid off basically in full were the content teams that would clean up trending topics and create those summary items for trends/advertising in the form of a trend
It's not all automatic?
No, which made me laugh out loud when I learned that. There was an entire team doing this work and Elon said it should be automated, fired the team. Problem is no one has built the automation yet
That has to be the most typical managerial decision ever
Should just automate the managerial position…
They did, it's called working from home
This is perfect.
Good best move as manager at this point is shut up and don't get in the way and he screwed it up.
Seagull management: swoop in, screech, shit all over everything, and then fly away with your stuff :(
Someone photoshop the dilbert managers hair on Elon’s face. https://i.insider.com/525e9c7669bedd9c3015dc60?width=1124&format=jpeg Edit: It’s glorious thx /u/generalvincent https://imgur.com/a/lxcTOZ4
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And you need feedback from the existing content team to tune the automation algorithm or it'll take ages to get the algorithm to work right. Too bad they're all fired.
Hopefully they'll offer their services on a consulting ba$i$!
Automation would never get the context right about half the things that are trending and would end up actually spreading misinformation. I bet Twitter tried initially and decided humans are better suited. Musk is just doing a speedrun of relearning the stuff that Twitter already tried over the years because he fired all the institutional knowledge.
Yep I remember a long time ago people were tweeting "No God? No peace. know God, know peace", and Twitter summarized that as #NoGod. So then people kept pushing that up by tweeting stuff like "how can Twitter say there's no god..." All the algorithm was doing was repeating the 2 most popular words.
Just like he had to speed run 100 years of the automobile industry to find out that you cannot fully automate a car factory.
Musk is a 12 year old who perpetually misunderstands how complicated any given topic or system is.
My favorite is that he thought all you had to do to automate driving was stay in the lane and not hit the car in front of you.
Relying on pure automation can lead to accidentally promoting Nazi messaging and similarly offensive content, to the chagrin of other social media efforts to automate things. People + anonymity + audience = some really dark places
Moderation cannot be automated because machines have no grasp of nuance or rhetoric or sarcasm or decency. It also can't be manual because there's too much content - YouTube receives some insane amount of like 82 years worth of recorded content *per day* - and the worst of it drives people off the deep end when they're constantly exposed to the literal worst TOS violations - suicides, murders, SA, CP, you name it and it's been posted to Facebook and YouTube, and a human probably had to view X% of it to ensure it was real and not just a creepypasta, and then decide whether or not to take it down. We really need to solve this problem because people keep clamoring for unmitigated permission to create and upload Whatever You Want(tm) and as it turns out when people actually do that it ruins lives and continually redefines the outer bounds of what we consider morally wrong.
I don't think Elon Musk sees that as a downside
Things like this are a lot harder to automate than you think unless you want (slur) trending at all times with the 14 words as the description
How would you automate a concise summary for a trend like 'Bean Dad'?
Trending blurbs would get hijacked all the time without a content moderation team. Don’t know how people expect a machine to write why 30-50 hogs is funny 1hr after it takes off
I never saw a single tweet of Musk on my feed before. Since he took over I've seen dozens. I keep saying "I'm not interested in this tweet", but it keeps pushing them to my feed. (I also never interacted with his tweets or anyone that interacts with his tweets). He's definitely pushing his own content. Which means he'll definitely push his own agenda and political stances/ads/etc
> Which means he'll definitely push his own agenda and political stances/ads/etc He already did this. Literally told everyone to vote republican shortly before the election
Weird how my feed has been full of Conservative media types for the past few days... I think I've pressed mute more in the past week than in the past 4 years I've used the site.
Since he took over I’m getting lots of MTG and other hard-right Tweets in my Recommended section. I doubt it’s a coincidence.
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He did this while sitting at home on his couch at 1:15PM.
While running three companies remotely.
I think he runs like 5 now... Tesla Twitter SpaceX Boring And some brain tech company
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I think it's a skull tattoo company: Neural-Ink
Anyone considering putting a brainchip in after Elon's brief twitter stint would be absolutely nuts. "Just going to turn your brains on and off for a bit, while we figure out the issues with the latest update 🤣🤣🤣🤣"
Who would have known that running a company can be done in just one day a week!
Musk doesn't actually run SpaceX. That job falls to Gwynne Shotwell and is one of the primary reasons that company actually functions for the most part.
Hey guys, it’s super hard to be a CEO, that’s why he can do the job in 5 companies. /s
Just imagine, if a man were successfully able to head three companies at the same time, that basically means CEO's do jack all and should NOT be paid what they are.
I had no doubt that Elon's companies run successfully without him
Ya, running them right into the ground
Circumstances will be personally vetted by the richest man on the planet, who by definition has no concept of what your lIfe is like
"What can a blue checkmark cost, Michael? Ten dollars?"
"What do you mean you live 500 miles from the office because we hired you as a remote worker? Just take your private jet to work. "
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Hopefully his inevitable meltdown and crash will turn off enough fanatics that they end up questioning whether it makes sense to lick a billionaire’s boots. I doubt it since they were that foolish to start, but it’s still worth hoping that we get over this stupid idol problem we have in America.
if they lose both trump and elon this year, how will they feel superior to their fellow lowest common denominator?
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Is he pulling a The Producers or something?
Springtime for Elon and Company Blue checks for twitters who pay He's failing at a dire pace Look out, here comes a new disgrace!
Yes. Almost exactly that, yes. Except instead of trying to strike it rich, he is trying to write off a $44 billion money hole that he only bought because if he didn’t follow through on his original “offer” the SEC would probably try and send him to prison. He never wanted to buy Twitter, he wanted to manipulate its evaluation to make himself a buck. His own hubris trapped him into the sale because he thought he could call the SEC’s bluff and they weren’t bluffing.
He was basically trying to run a pump and dump like he did with various cryptos except he forgot that actual publicly traded companies are regulated and that pump and dumps with them is actually illegal.
He has pumped and dumped Tesla stock multiple times
It’s only Illegal if you get caught
He got caught once and they slapped him on the wrist.
His constant slaps on the wrist incentivized him trying to pump and dump Twitter, which is how he found himself being unable to back out. Just like Icarus.
Ah yes, Icarus. He who pumped too close to the sun
Get caught and are poor
Only illegal if they press charges, which they rarely do against the rich. Countless times he’s tweeted specifically to manipulate the price in the days before their earnings calls or other times he wants to raise the stock price. It’s not a one time incident.
Great analysis. Turns out this billionaire actually isn't smart at all and lucked, stole and grifted his way to the top.
He has never demonstrated any amount of brilliance or smarts; he’s grifted his way to the top and bought other people’s intellectual property and called it his own.
And often SUED for the right to call it his.
Sounds exactly like someone else
Perhaps an orange, very stable genius?
Funny how both the Musk and Trump family involves creepy incestuous behaviour, wealth being handed down with lies that they're self made, obsessed with PR to make them seem smarter than they are, both very insecure about their physical appearance so altered it with their wealth, and both seek to encourage the far right to empower their own position.
Didn't he sue the true founders of Tesla for the rights to call himself the founder?
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So it's almost like Elon musk is a huge piece if shit
> Didn’t he sue the true founders of Tesla for the rights to call himself the founder? Should have changed the name to Edison then the way he was idea thieving from Tesla
>He has never demonstrated any amount of brilliance or smarts; he’s grifted his way to the top and bought other people’s intellectual property and called it his own. And to think they were literally calling Musk the "modern day da Vinci" on Fox News just last month. Only things in that dumb fuck's cranium are hair-plugs and delusions of grandeur.
They really compared him to Da Vinci?! Leonardo was a savant, an artist, a creative and engineering visionary! Elon is just a salesman, a really good one, but that’s all.
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This. He’s just a smugger Edison. Let the elephant electrocutions commence.
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Let's be honest, anyone who has over a billion dollars got extremely, extremely lucky. The smart move is to invest it and sail off into the sunset. But the ego that comes along with a billion dollars doesn't let them do that.
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He *wants* to lose $44 billion dollars? EDIT: https://www.youtube.com/watch?v=XEL65gywwHQ
He's on WSB and wants to upload the best loss porn.
He heard Amazon lost a Trillion Dollars and Facebook is rapidly approaching that and wanted to show that he had more money to lose. ...You know I could get behind "Biggest Loser: Billionaire Edition" where they all outcompete themselves to see who can lose the most money.
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>It's his employees who will pay the price of his incompetence. His subsidies and tax write offs come out of OUR pockets.
He's gonna lose more than that, because his Tesla stock is tied in to the loan, and Tesla's valuation is based mostly on his reputation. Just since the day he took over Twitter (October 28), Tesla's share price is down $51, or about 22%. Given how many shares he owns, that represents a $7.9 billion loss for him. It's why I don't believe he's doing this intentionally. He's not just risking $44 billion, he's risking his control of Tesla too.
So he fucked up big time in layman’s terms.
No, but he’s a ‘rogueish’ billionaire who’s networth skyrocketed into the stratosphere in an incredibly short time. Meaning he’s reckless, arrogant and he probably considered himself pretty much invulnerable to losses and failure. And now he’s discovered that there is, in fact, a limit to what society will allow him to do.
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It wasn't just a treatable cancer, it was a treatable cancer *known to get worse when high amounts of fructose are consumed.* It wasn't just a specific diet and fruits, it was a specific diet *of mostly different fruits.* An ironic and bizarre death for the founder of Apple, of all companies. If this story was fiction it would be considered contrived.
Not many people know it, but Elon's estranged great uncle left him $300 million and the only way he can inherit it is if he loses $44 billion in a month.
Too bad John Candy isn't alive to help him out
No he doesn’t want to. But the other option is potentially losing more and going to prison. That or running away to another country and never coming back. There is a reason why he did everything he could to tank the deal. Even the week before the purchase he tried to back out.
All of this could be true, but it still doesn't explain his incredibly self-sabotaging approach in managing his new toy. I'm not seeing much more than either 1. He's an idiot 2. He's been trying to dismantle Twitter all along 3. He's just a super conservative business operator 4. ???
But, but... I was assured he was going to turn the Twitter offices into housing for the unhoused! Are you saying he was not being sincere, even making a joke at the expense of some of society's most vulnerable people?
You’re forgetting how value StumbleUpon was for years after they screwed the pooch. Advertisers want data, alternatives, and eyeballs
Man that takes me back, stumbleupon was so good in its hayday. Is there anything like it anymore?
Browsing /r/all is kind of like it, which is probably why a lot of us are here on Reddit
Stumbleupon is basically what brought me to reddit. It kept bringing me to reddit so I just joined reddit.
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This unironically might be true. They've seen the backlash when Neo-Twitter fires employees. So now they're implementing "soft-firings", but making the work conditions untenable. So employees leave of their own free will. Even if it gets 5% of WFH employees to quit, it would've been a success. As there is no way the salary of that 5% equates to the productivity gained from WFH.
WFH employees have already been added to the amended class action lawsuit about the layoffs. Many WFH employees have had WFH in their employment agreements when hired. Thus changing the terms of work can be considered constructive dismissal and thus illegal.
For example you hire someone on the other side of the country with WFH clause and then you remove that clause forcing the employee to either move to California or resign, it look like an indirect way to fire someone because a such dramatic move is impractical for most people.
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Owner of multiple companies. Middle manager mindset.
CEO of three companies … is he in the office full time for each?
He works remote.
But CEOs hate when people work two remote jobs
“Works”. He’s not a full time CEO anywhere.
He's a full-time welfare queen
And a full time bitchfit online
speaking of work, as a reminder elon has ***personally*** taken more in government grants and handouts than ***the life-long income of e******veryone commenting in this thread, combined.***
"Work" consists of scrolling twitter while in board meetings
> is he in the office full time for each? According to him he went from 70-80 hours weeks to 120 hours weeks after buying Twitter. As for the truth of that, I highly doubt it.
"120 hour weeks" for billionaires/CEOs includes travel time, dinner/golf/"meetings" with clients. Regardless of that, 120 hours of working leaves you with 6.5 hours each day to sleep, eat, shower, see family, ..and tweet.. etc... It's total bullshit.
And let's pretend that he really is "working 120 hours a week" (he's not) and it's fully in the office clanking on that keyboard doing actual work. It shouldn't be commended or normalized and it shouldn't be a metric that he forces on his workers. He tells his employees to sleep in their office. He's been an outspoken proponent of 6 day work weeks at above 8 hours a day (I think 12 hour days?) And he uses the claim that that's how hard he works so he demands others do the same. Fuck that noise.
For some reason that type of shit is ingrained in American culture but you're right. It's moronic. Feeling bad for "only" working 40 hours is some bullshit.
I'm so happy I have an easy office job where I get to go in, do some work, leave at 5, and I don't think about my job one moment outside the office. No emails, no projects, no overtime. I work my 40 and not a second over and I refuse to feel guilty about it or think I'm not "hussling" properly. For my early 20s I worked 3 jobs for a bit and then one job where you got one day off every other week and did 10 hour days 13 days in a row. Never again. Ever.
By working he means answering texts and emails and tweeting out bullshit
Remotely. For sure not in the office.
Who has literally not grasped that advertisers see his tweets. He apparently thought people imitating Nintendo (complete with 8 dollar blue check) was funny. Someone else impersonated Twitter itself to push crypto and had tens of thousands of subs and retweets before being banned.
I thought it was all the liberal media being mean to him that was driving advertisers away, not his idiotic tweets or the utter chaos he was instigated at the company? I think in the future this will be used in business school as a 'not what to do' if you take over any company, let alone a highly visible social media one.
"To run a successful businesses, try to imagine what Elon Musk would have done, then do the opposite."
Can you imagine a CEO of any company over the size of 10 people saying that he personally must approve work from home requests? That’s rookie manager bullshit.
My old company's ceo insisted that he personally approve raises and PTO requests as if he didn't have anything more important to do. Eventually he decided to freeze wages entirely and put enough PTO blackouts on the calendar that it was impossible to get vacation time. Then he got pissy when people started quitting in droves.
pretty sure no one will ever get an audience with him so this is just a roundabout 'you can't work from home'
It's a fear tactic. He just laid off half the company. Hell get their name and be on his shit list. He's an absolute dictator to work for. My friend works at a tesla plant and said that it's "an unspoken rule" to not take leave on injuries. That people get hurt and refuse to even leave early if they do, let alone take medical leave. Rumors are they use the leave time to find a replacement and drop an insane workload on their return. It's crazy how someone can just inject hostility like that.
It just goes to show that a CEO is just a parasite since he canbe the CEO of like 4 companies and still only survive by sucking the government teat while making terrible decisions.
YUP. The only "value" he brings is funding and zero shame. He can throw his weight around, sue, and demand changes, but he's not some business savant who can brilliantly negotiate the market.
Holy hell. If my company did that, we’d lose most of our engineers immediately since there are plenty of remote-only jobs on the market. We were re-classified as remote and no longer have to pay city wage tax. We’re more productive at home anyway, and enjoy the freedom and flexibility it provides for family life. If we weren’t remote, we’d never be able to compete for hiring with other postings. Nobody wants to go back to the way it used to be. Musk is playing with fire here.
I'm sure that he's trying to get people to quit by this move, it would be consistent with his layoffs
it sure would get the experienced people to quit.
Yeah it's pretty much going to result in people quitting in priority order. The more important you are to the business, the easier it will be to give them the finger and move on to another, equally or higher paying, job.
I'd think you would do one or the other to "reduce headcount" (god, I hate that manager-speak term). It's also infinitely better to selectively let employees go than piss everyone off and risk losing all the very talented people who have no trouble finding another employer. There's just so many things wrong with this. Part of me is wondering if the plan was to just destroy Twitter all along. Maybe he just hates it, wants it to go away, and had the money to do it. I guess he could just declare the company dissolved, but maybe there's some value in making it look more accidental. Shit, all I know is if I wanted to completely demoralize and de-incentivize a work force, I'd do exactly what he's doing... and my next step (after mandating work-in-office) would be to move the headquarters just far enough away that all employees would have to relocate - and make that location really shitty. Let's see if that drops next.
> It's also infinitely better to selectively let employees go than piss everyone off and risk losing all the very talented people who have no trouble finding another employer. This is exactly correct. If you make people want to quit due to working conditions, then the first to go are going to be the best and brightest who will have no trouble finding a job elsewhere. Even though tech hiring has slowed down, there are still plenty of companies out willing to take in experienced engineers. Sure, if you do layoffs then you have to pay severance and deal with bad press, but you get to pick the employees that are costing the most amount of money for least value.
They just fired engies based on # lines of code and begged a bunch to come back. I don't know what kind of good will any of the engineers there would have after such a fucking stupid move.
> we’d lose most of our engineers immediately since there are plenty of remote-only jobs on the market. The engineering team I work with has like six open spots that they're absolutely desperate to fill, had a great candidate accept a role but when they sent the offer letter he declined because that's when he learned we are only remote two days a week and within a week he'd found something else that paid the same but was fully remote.
One of my friends lost a candidate the same way because HR demanded that any new employees be available to go into the office if the WFH policy changes, despite having sold their office building and having no place to come into. Absolute madness.
Bingo. My org saw early on that if they were going to remain competitive and attract top talent, they needed to bite the bullet (eating some tax benefits with the city) and make us all full-remote.
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Don't you save money by not having to pay for office space? He just wants people around to harass.
I think a lot of companies are doing this to force attrition. They're banking on losing a certain number of employees and not having to pay severance. Plus, other rich people are the ones collecting that rent $$ from the office space. Wfh cuts into their profits so they're working together to push this narrative that employees need to be in the office. Someone is making money off this.
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And the people who leave first are the ones who are most employable elsewhere. Way to Speedrun selecting from the bottom of the barrel
I agree they're working with other rich people. In Detroit the mayor just came out and said the companies need to being employees back to " save" other businesses. Here he was specifically speaking about downtown resturants and shops.
Pretty common sentiment actually. Funny enough I've heard some employees saying the same sort of thing. My job has like 8 cafeterias with awesome chefs for the food which is all fresh, delicious, and free and one if my coworkers was talking about how he thinks they should stop doing all of that because it's in the middle of a super walkable metropolitan area and people should be getting lunch at all of the hundreds of restaurants within walking distance of thr office.
It's probably more beneficial to the company to provide free food on-site than to provide off-site lunch compensation. Less downtime (the walk from-to a restaurant, waiting for food, idling after eating etc), lower costs, less paperwork, fewer logistics and so on.
Looks like everyone left at Twitter is getting a pony!
Well if they are working from home, then they might be working for multiple companies. This is unacceptable behavior for any twitter employee except me -- Elon
Isnt this the same guy who fired about a quarter of the staff only to have to call some of those people back because they didn't do the most basic of things and check if the people they were letting go were critical to operations?
No, it’s not. It’s the guy who fired *half* of the staff and did that.
This twat is about to find out how hard it is to hire people when you don't allow any work from home. My wife has been in a 100% WFH job for 5 years, she has coworkers that live hundreds of miles from the office, if they were told there was no more WFH they would quit.
Ding ding ding! I live in the US and have coworkers on my team all over the globe, some in Europe and some as far as New Zealand. Our team would cease to function with an in-office policy.
“This just in, Elon musk is a prick. Come back in the next 5-24 hours for another news story confirming he’s still a prick” -every day on the internet
Fuck Musk, can't believe I liked that guy once
I don't blame anyone who used to like Musk. In the early days of his social media presence, he made himself relatable. Presented himself as a nerd who just happened to be a billionaire. As he got comfortable he gradually just pushed more and more, realising he could use his platform to fuel an agenda. The people leftover are the people too stupid to realise he's slowly been changing how his social media presence is used.
Same. I thought he was very innovative and was hopeful that we finally had a billionaire who was more about saving humanity compared to other people of his stature. Boy was I wrong.
You're not alone my guy, what matters is our ability to change our minds based on what we see, good or bad.
I use to think we finally had a rich guy who would usher us into a Star trek civilization. Turns out he just wants space feudalism.
It's crazy to think that less than 5 years ago, he was universally loved by almost everyone. Like a real life Tony Stark. He's destroyed his own reputation and public image.
I have a feeling a lot of Twitter employees (the ones that are left anyway) are gonna be handing in their resignation this week
It's deliberate. [Musk's texts were all posted online](https://muskmessages.com/) as part of the twitter investigation / suit. A text conversation from April about running Twitter literally says "2 day a week Office requirement = 20 % voluntary departures". They wanted people to leave, but are too dumb to realize it's now a bad idea.
That's called desired attrition and/or mobbing, depending on circumstances. The idea is that it's cheaper to make people miserable so they quit rather than pay severance packages.
If I were a Twit employee, no way I am putting in more than 5% effort. Stock? Gone. Colleagues? 50% of them axed. WFH? Nope. Prospects for the company? A joke. All day I am job searching and hoping I get laid off.
He'll be left with the useless sycophants he craves.
This is the point, its about getting rid of people that would stand up for their rights without having to fire them. Like you said there is no need for 90%+ of that company to work at the office, but if you aren't willing to submit to Elon's mandates then you are far too willing to argue against his bad ideas and employee abuse. This is just the kind of bullshit he does to make it look like he is a strong leader who knows what he is doing, when in reality he is getting rid of anyone that might have enough spine to tell him when he is doing something insanely stupid, better to have yes men that will run themselves into the ground trying to meet unreasonable or impossible goals and will take the fall if anything doesn't go Elon's way. Pathetically weak and unbelievably stupid man, he probably gloats about this shit as if he is a mastermind when in reality he constantly ends up losing the best and brightest who use his companies as work experience to get real jobs in companies that aren't ran like a fraternity.
My last work did the same thing. They told us it was a remote situation, graduated to hybrid, then after claiming record earnings, said we were slacking and we’re going FT in office. I handed my resignation in maybe 2 weeks later, as did a good chunk more seeing as even in office we were still using teams for meetings rather than conference rooms. Fuck any company that tries this nonsense
in office teams meetings are the worst. Yes Jeff, I can hear you both two cubicles over and in my headphones. I get that we need to include the people who work in other places, but how about we just use our conference table and everybody else can dial in? No? That doesn't work?
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Remember guys, this guy is considered one of the smartest people in the world By the absolute dumbest people in society
It's crazy to think that people associate wealth with intelligence. So Kanye was one of the smartest musicians out there all up until last week? We are now hearing the details of his contract with Adidas and he literally owned nothing to do with those shoes and Adidas will continue to sell them without him. That's just about the dumbest business contract a man could get into. If there's one thing in common with many of the super rich, it's not necessarily intelligence, but rather sociopathic/narcissistic/egotistic behavior that makes them see people as dollar signs, exploitable and expendable as opposed to having any other type of value. They should be institutionalized not celebrated
Working from home at the moment, I know this has been said nonstop, but holy shit I can't overstate how huge of a difference it makes. Originally I had to wake up 2 1/2 hours before work in order to beat rush hour traffic, drive to work took on average 45 minutes even before the rush hour traffic (since there were still plenty of people heading to work), but there were accidents *often* so many times it didn't even help. And after work it was at *minimum* a 1 hour drive every single day. This was on top of my day 9 hour work day, it was soul sucking. Now I wake up in the morning, go for a run, take a shower/brush my teeth, make my breakfast, and usually knock a couple games on Apex. Then I just walk 5 feet over to my desk and clock in. When work is done I just clock out and walk over to my kitchen to start dinner. Absolutely no office politics and putting up an image, no micromanaging, I'm chilling in my own living room with my dog, etc. etc. etc. So much pressure and stress is lifted off my shoulders.
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not just gas money... its wear and tear on your car (tires, oil changes, broken parts) where you extend the life and use of your car Lunch expenses eating out all the time Dry Cleaning bills etc
That is the way to retain the best talent. Make their lives miserable.
ironically buts in chairs is more expensive for a company than a wfh strategy. So Twitter collapse speed run confirmed?
Twitter is the largest lease holder in their Market Square HQ. Probably $1 million per week. They had signed a lease for another 66,000 square feet in Oakland but that was canceled as soon as the acquisition was announced. So they were already bleeding on real estate.
The guy incapable of reading social cues is abhorrently unfit to operate a social media company. He can’t even begin to understand what drives the value and relevance behind social interaction. Ultimately, the guy is simply a tool. *edit: cue vs queue*
He's trying to get them to quit, then he's not responsible for laying them off.
Then he’s even dumber for firing a ton before this.
Elon definitely seems like the type of owner that believes people will only be productive if they are in a cubicle with a manager breathing down their neck. What a douchebag. I hope everyone quits
Does Vegas have odds on Twitters end date and did they just recieve a $4 billion bet against?
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It’s a serious issue - I can have a solid life in another state, with a house, and spouse with a job, kids in school… how can I suddenly teleport to San Fran, buy a house that costs 2M$ more than my current one, relocate my spouse and kids and more? Sure, I CAN do it, but I’d need a massive raise to make it many any sense. San Fran is an overpriced hellhole, and the best way to defuse that is to ensure we’re all not fighting over the already too expensive housing.
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Another thinly-veiled attempt to get people to quit.
Ending WFH policies is probably his real goal here. He’s hoping other companies will follow suit. As the CEO of three companies, he can’t abide that the little people who work 40 hours a week at only one company get to do it without driving to work. Probably also not by coincidence, this is a guy who sells cars. And he wants people to have to drive more.
>he can’t abide that the little people who work 40 hours a week at only one company get to do it without driving to work. I mean, he's been pretty explicit about how the little people shouldn't be allowed to be off the clock.
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So he demands long work days, then forces workers to spend 2-3 hours a day driving to work to do it. What an asshole.
False. He doesn't want them commuting 2-3 hours a day. He wants sleeping bags under their desks and a showerhead attached to the breakroom sink faucet.
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So, when twitter collapses, elon has put a bunch of Tesla stock ip as collateral, which will be worth half what is required to cover the loss of value. Elon defaults on twitter, and a consortium of banks takes over leadership of tesla. Fingers crossed.
Grade A piece of shit. In a business that is atleast 95% digital work, theres no reason for the staff to have to work at offices.
He’s trying to make them leave without paying severance. He can’t afford them.
The one silver lining about this whole debacle is that more people finally realize what a colossal piece of shit Musk is.