The ongoing Elon Twitter saga: "insert demographic" melts down

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unwashed potato! said:
Why did he buy it for 44 billion?
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Because he didn't realise the stockmarket was in a massive covid bubble lol.....MSFT getting caught out the same way with activision.

Both stocks would have plummeted probably 50-70% without the acquisition offers.


Actually, it makes me wonder if he has fired many accountants
 
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Penfold101 said:
Because the courts were about to force him to do so - who knew the law was a thing...
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arknor said:
Because he didn't realise the stockmarket was in a massive covid bubble lol.....MSFT getting caught out the same way with activision.

Both stocks would have plummeted probably 50-70% without the acquisition offers.


Actually, it makes me wonder if he has fired many accountants
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You've both massively missed the point.

You're also answering another question.

I didn't ask, why did he pay x when he could have paid y, I didn't ask why did he get forced to buy it.
 
unwashed potato! said:
You've both massively missed the point.

You're also answering another question.

I didn't ask, why did he pay x when he could have paid y, I didn't ask why did he get forced to buy it.
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In which case, he never meant to buy it in the first place. He just wanted to be in the news and make some memes by offering $54:20 per share for it then pulling out of the deal. It's all about the attention.
 
Fast approaching Elon's 5pm est deadline for staff to confirm they are committed to Twitter 2.0 will be interesting to see how many get laid off on this round
 
sigma said:
Has that been proven to be a legal move?
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Slightly grey area, as he's offering 90 days severance and most states are at will employment. I'm sure there's probably edge cases but employment protection laws in the US are pretty poor and lawyers are expensive
 
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mattx4 said:
Slightly grey area, as he's offering 90 days severance and most states are at will employment. I'm sure there's probably edge cases but employment protection laws in the US are pretty poor and lawyers are expensive
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Isn't it more the issue that he's trying to change hours mid contract with an 'or else' statement? I've not paid much attention to it other than seeing this comment made.
 
sigma said:
Isn't it more the issue that he's trying to change hours mid contract with an 'or else' statement? I've not paid much attention to it other than seeing this comment made.
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Also that the changes are potentially going to fall foul of several antidiscrimination laws, not to mention how many of Twitters employees are not covered by US employment law but by the laws in say Canada or the EU (twitter may be US based but it's local employment contracts have to abide by local laws from my understanding).
 
sigma said:
Isn't it more the issue that he's trying to change hours mid contract with an 'or else' statement? I've not paid much attention to it other than seeing this comment made.
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Not sure this would even be a change in contract, it's a change in culture

Most contracts also have a clause that you might have to work longer than your contact states
 
real changes ? It's just rhetoric .. you need to be committed to resolve the architectural problems of twitter, and like Apple/others, working from home is not productive, get with the programme ..
(and keep your stock options too)
 

An entertaining investigative thread on Elon's academic history and whether he actually holds a BS or is just full of BS (It seems he is full rather than holding) it seems Elon has BS'd his way to the top with some help for probable nefarious gains, so I guess he deserves some credit for being the worlds richest conman
 
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dowie said:
Oops, he's backtracking a bit on this one, having meetings with some Engineers they clearly want to keep and looks like they're permitting some sort of hybrid home working solution:
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probably a load of crap 90% of these people will be lucky to find another job when all the tech corporations are cutting tens of thousands od people
 
I was just seeing reports that potentially entire teams of engineers/programmers vital to Twitter have basically stuck two fingers up at the ultimatum*, hence why Musk is now open to discussing things with them as even he (or one the people that can get him to listen) understands that you can't run the company even in the short term without the people who literally keep the lights on and the servers humming.


*apparently the twitter slack channels are full of people indicating they've said no.
 
What a dribbling fool.

Did he have this fantasy that he'd just created a glorious work environment after his initial few weeks of trashing the place, trashing the workforce and running his mouth on twitter.

Excellent time to inform the remaining staff that they can take 3 months pay or stay for worse treatment than ever before :)
 
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