Elon Musk: Always A Douche

[viper37]

Hehe, yeah, trying to sell of overvalued company shares by buying Twitter at a valuation of $44 fucking billion is rather....dumb.

That is recognizing that the tree you are hiding under is almost soaked through by the rain, and deciding you better go hide under the tree right next to it.

Well, we're seeing this from the rational investor pov.

Instead, look at this from marijuana addict pov.

You're high as hell.  You make a dumb offer on social media one night on a marijuana binge.  Your ego prevents you from backtracking. 

Finally, rational people around you makes you realize what a monumental fuck up it is.

He tries to back out of it, but it's too late, Twitter execs had him, they made him sign a buying promise he can't easily get out of.

Now, he's trying to make the best of it.  Twitter can not generate enough profits on its own to recuperate the price he paid for.

He's probably better to run it into the ground, sell whatever IP/assets he can and declare bankruptcy and make a tax write-off for the loss that would offset the profit he will make by selling his overpriced Tesla shares, while at the same time he boost publicity for a new offering of SpaceX shares.

[grumbler]

Well, your marijuana addict perspective is interesting, but not very knowledgeable or persuasive.  Stick to passive weed consumption.

[Admiral Yi]

marijuana binge

The cool word for this is "sleeping."

[viper37]

Well, your marijuana addict perspective is interesting, but not very knowledgeable or persuasive.  Stick to passive weed consumption.

Yeah, it is known that drug users are known for their rational decision making process.

[Razgovory]

Well, your marijuana addict perspective is interesting, but not very knowledgeable or persuasive.  Stick to passive weed consumption.

Yeah, it is known that drug users are known for their rational decision making process.

Known by who?

[HVC]

This has to be crushing his soul

Twitter insiders are calling Elon Musk by a new nickname, Elmo. It's spreading on the platform.

https://www.businessinsider.com/twitter-insiders-users-calling-elon-musk-by-the-nickname-elmo-2022-11

[Valmy]

Is Twitter now: Elmo's World?

[viper37]

Well, your marijuana addict perspective is interesting, but not very knowledgeable or persuasive.  Stick to passive weed consumption.

Yeah, it is known that drug users are known for their rational decision making process.

Known by who?

Science, obviously.  It seems to be a well known scientific fact on this board that marijuana is a harmless drug that does not cause any side effects. Whatever any studies shows must be false.

[Valmy]

Science, obviously.  It seems to be a well known scientific fact on this board that marijuana is a harmless drug that does not cause any side effects. Whatever any studies shows must be false.

I don't think it is harmless drug and I don't use it.

I just don't think it should be illegal is all.

[OttoVonBismarck]

I think it's fair to say marijuana is significantly less harmful than two very legal drugs--alcohol and tobacco. Probably more harmful than caffeine (one of the other legal drugs.)

[grumbler]

Sugar causes far more health problems than marijuana.

[Barrister]

Sugar causes far more health problems than marijuana.

*tweet*  Strawman.  10 yard penalty.

Viper said marijuana effects the decision making process.  He didn't say anything about health problems.

[Gups]

My approach to decision-making and marijuana usage is not to smoke at times when I may be called on to make decisions more important than what music to listen to.

[Maladict]

I guess nobody will work for Twitter by Friday? 

Elon Musk tells Twitter staff to work long hours or leave

By Noor Nanji
Business reporter, BBC News

Elon Musk has told Twitter staff that they must commit to working "long hours at high intensity" or else leave the company, according to reports.

In an email to staff, the social media firm's new owner said workers should agree to the pledge if they wanted to stay, the Washington Post reported.

Those who do not sign up by Thursday will be given three months' severance pay, Mr Musk said.

The BBC has contacted Twitter for comment.

In his email to staff, also seen by The Guardian, Mr Musk said that Twitter "will need to be extremely hardcore" in order to succeed.

"This will mean working long hours at high intensity. Only exceptional performance will constitute a passing grade," he said.

Workers were told that they needed to click on a link by 17:00 EST on Thursday, if they want to be "part of the new Twitter".

He added: "Whatever decision you make, thank you for your efforts to make Twitter successful."

The world's richest man has already announced half of Twitter's staff are being let go, after he bought the company in a $44bn (£38.7bn) deal.

Mr Musk said he had "no choice" over the cuts as the company was losing $4m (£3.51m) a day. He has blamed "activist groups pressuring advertisers" for a "massive drop in revenue".

A host of top Twitter executives have also stepped down following his purchase of the firm.

Last week, the entrepreneur told Twitter staff that remote working would end and "difficult times" lay ahead, according to reports.

In an email to staff, the owner of the social media firm said workers would be expected in the office for at least 40 hours a week, Bloomberg reported.

Mr Musk added that there was "no way to sugar coat the message" that the slowing global economy was going to hit Twitter's advertising revenues.

But tech investor Sarah Kunst said the real reason Twitter is facing difficulties is because Mr Musk's takeover has saddled the company with debt.

His behaviour since the takeover has also led some advertisers to pause their spending, she said.

"He's now trying to inflict that pain and uncertainty on the employees," she said.

She added that there was a question mark over how enforceable Mr Musk's email about hours to staff really was.

"Can you just send an email to staff who already work for you, and just unilaterally change their working contract? That remains to be seen."

Mr Musk himself leads Twitter, electric carmaker Tesla, rocket company SpaceX, and is involved in many other ventures.

He described his work habits in a US court on Wednesday, where he appeared to defend the eye-popping $56bn pay package he received from Tesla in 2018.

"I pretty much work all the time, with rare exceptions." he said.

Dan Ives, a senior equity analyst at Wedbush Securities, warned it was further evidence that Twitter's culture had "dramatically changed" with Mr Musk at the helm.

"Elon Musk is not going to be doing candlelight dinners and playing ping pong in Twitter's cafeteria and this is a shock to the system," he said.

"But he also needs to play nice in the sandbox because if key Twitter engineers and developers leave, this will be a major void in the Twitter ecosystem," he warned. "There's a careful balance ahead for him, in this tightrope act."

[The Brain]

Will Elmo promise to work zero hours per week? Is he serious about turning the ship around?