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darthshadow25 t1_iuwllaz wrote

Thanks to taking it private, he doesn't have to worry too much about profits. So he is probably going to reduce the profit margin by a bit. Also, it seems he is interested in cutting some fat from operating costs, so maybe that will help out too. So long as we see fewer ads, I'm all for it.

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eohorp t1_iuwn9dx wrote

He wants to increase ads though, you only get half the ads if you pay $8. He also said he wants to make ads feel like content. Oy

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darthshadow25 t1_iuwnjk0 wrote

I haven't heard about him wanting to increase ads. And I don't think I like the idea of ads feeling like content, unless that means the ads will be taking a less predatory form, and therefore feel more genuine, but that's certainly not going to be the case.

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eohorp t1_iuwo8wm wrote

He made a twitter post a few days ago saying he wants to increase ads, but he wants them to feel fun or relevant like content. Whatever that means.

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Alert-Elk t1_iuwqhqp wrote

I want to eat cake and cheesesteaks all day and also lose weight and have good cholesterol numbers.

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DualtheArtist t1_iuyikxa wrote

Dude, goddamn.

You're a visionary.

This is how you do it everyone!!

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HieronymusGoa t1_iux4ca4 wrote

and twitter ads were already the ugly children of fb/insta- and sem-ads. advertisers are already fleeing twitter and theyll probably not be coming back. unless they are breitbart or smth :)

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darthshadow25 t1_iuwocbg wrote

Must have missed that Tweet. I'm not following this religiously.

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eohorp t1_iuwrkhh wrote

Me neither, but I use Twitter and follow him, was kinda hard to miss.

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dex3r t1_iux71l6 wrote

He is not the sole investor, I'm not so sure if they won't be anxious about not turning profit. Actually, I'm sure. They will be anxious, even more than before.

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RustyShackleford2525 t1_iuxc8ji wrote

Wait until he hears about board members and that they can shitcan his ass if he does not outright own 51% of the company. I love business.

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dex3r t1_iuxcqlb wrote

I'm assuming you are talking about darthshadow25 not Elon 😅

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chicagotim1 t1_iuyqb37 wrote

His co-investors will be the other board members, and presumably they agree with him or else they would not have joined the venture.

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wingman43000 t1_iuwrxoe wrote

>Thanks to taking it private, he doesn't have to worry too much about profits

His investors probably feel otherwise

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darthshadow25 t1_iuwt0fk wrote

I thought he took it private, so he owns it in his own name. So he would not have a fiduciary duty to extract maximum profits like he would have if it were public.

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jadero t1_iux3geq wrote

He took it private, but he did so with the help of others. It's not just his money on the table.

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chicagotim1 t1_iuyqg74 wrote

He has other investors who went along with him, but since they joined him, they presumably agree with what he's doing

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supified t1_iux95vu wrote

My understanding is there just arn't profits, twitter is operating at a loss. A problem he maybe making worse. I'm not sure how long he'd be willing to foot that sort of bill.

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Dr_Adequate t1_iuynnvs wrote

> he doesn't have to worry too much about profits

The interest on that $44B he borrowed would like a word with you.

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darthshadow25 t1_iuynsra wrote

I didn't realize he borrowed it. I thought it was his money.

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Dr_Adequate t1_iuypa85 wrote

Yup. And I saw another chart earlier that may show what's behind his thought process. For other large social media companies, the revenue-per-employee ratio is big, something like $1MM per employee, while for Twitter it's about half that, $500k per FTE.

Which is likely what's driving his desire to fire so many. If he can keep it limping along with a lower headcount, the revenue-per-employee goes up, and he can say he's just as smart as the people running other large social media platforms.

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