Six months into his tenure as “head twit” Musk says:
“Twitter Could Be ‘Cash-Flow Positive’ Within Months“
“Elon Musk said Twitter Inc. has a shot at being cash-flow positive next quarter, and he is optimistic about the company’s future after what he called a difficult past few months.
“I definitely don’t want to count chickens before they hatch,” he added Tuesday about his latest expectations for the company’s financial situation.
Mr. Musk, who acquired Twitter and took over as its chief executive in October, said the company would have gone bankrupt in four months if he hadn’t taken steps to rein in the company’s expenditures. … He also said Twitter faces around $1.5 billion in yearly interest payments on debt borrowed when he took the company private.”
The article says Twitter went from 8,000 employees to less than 2,000. So he eliminated more that 75% of his employees and now it works better and cheaper than before. You’ve got to ask if most of those 6,000+ salaries were worse than useless. How many of them were making Twitter worse.
I’m curious exactly how many were former intelligence agency employees whose real job was spying on the public.
Well, however he did it I commend him for the start he’s made and his future steps to make the company profitable and useful to the general public. And now that I’m a dues paying blue check twit I say let’s get OCF the viral status it so richly deserves.
Well done Elon.
I’m disappointed that all the whiney liberals that swore they would leave twitter are still there.
Funny how that works. Like the ones moving to Canada.
If the company can be made functional and profitable with 2000 employees but was going bankrupt with 8000, makes you wonder what the senior officers and board members who were supposed to have, you know, fiduciary responsibility to the stockholders were thinking. Makes me wonder if the purpose of the organization was ever as a for profit service organization as opposed to an agent of social change.
What do you want to bet that Soros and his flying monkeys were in the mix somewhere?
As far as Soros is concerned I wouldn’t bet against it. And what is certainly true is that FBI and CIA involvement is massive and virtually out in the open. All the big social media companies seem to be fronts for our intelligence agencies to spy on us and the rest of the world. What I’m amazed at is that he’s managed to get their finances almost to the break even point. I figured Amazon, Google and maybe Facebook had cornered all the advertising money for the whole world and there wasn’t anything left for the other players to subsist… Read more »