The number of articles and tweets claiming the demise of Twitter is imminent is a testament to the utterly broken state of journalism. Interviewing recently fired or laid off Twitter employees and asking them for their opinion, and then presenting it as some sort of neutral analysis of where the company is going.... Unbelievable.
it’s almost like the majority of the people freaking out and posting #RIPTwitter don’t understand what a major re-architecture / business model transformation looks like under a move fast and break things ethos
Feel like last night’s Twitter meltdown was mostly psychosexual, a wet dream of annihilation, bunch of miserable neurotic blue checks getting off to the thought of impending demise
Didn’t someone said that Hard times create strong men and that Strong men create good times... well it seems like we are the beginning of the cycle; exciting !
It's crazy how many companies in Big Tech can spend months or years without releasing nothing new or innovative. It's like nobody wants to try new things, to make mistakes.
I mean, look at Replit for example, they're shipping new features all the time and they don't have thousands of employees.
I'm 100% on board with the idea that most of this chaos is journos freaking out and trying to break the app because they aren't going to be special anymore, but can we agree that Musk really could have handled this better?
Hindsight being 20/20 and all, it seems like a less aggressive approach, and also like 95% less tweeting by him personally, at least at the start, would have allowed for a less costly and more efficient turnover of the company. Push off the layoffs for a month, don't push through new features until you know they work, don't freak out advertisers (who you still need for now as your bridge to your all-subscription revenue model of the future). Fire a couple dozen bad actors so everyone knows you're serious, but don't give everyone a reason to freak out and sabotage you.
I do believe it will all be fine there eventually, but I think the initial approach was pretty dumb.
I’m convinced the new Twitter will be the gateway to the future of media (decentralized). The coverage of FTX on crypto twitter spaces has been some Pulitzer level shit, and the contrast to the MSM has been jarring. Over time, as Twitter broadcasts mega events in real time with real experts, the dichotomy will widen, and it will be hard for consumers to ignore the truth (esp since much of MSM is just rehashed tweets)
What are the possibilities that in the future, engineers and ppl who work in tech become paid less/compensation decreases. This is obviously an overgeneralization as “tech” involves numerous companies some big and small. But in general, people in tech get paid a lot. My friend received an entry lvl offer from a startup and his offer was over 6 figs.
In the last 10+ years, we have been in an era of easy money and low interest rates and money poured into tech. Tech companies gave out huge compensation + salary packages, and they created Disneyland-esque buildings, and had insane perks. The life of a tech worker was certainly coddled.
I have 4 software engineer friends that work remotely (Rivian, Oracle, AMD, F5). They have SO much free time. Their jobs are super chill. They are all getting paid a lot and tbh, they don’t work much I think for the most part, its fair to say that they actually extract more value from their companies then the they create for them (other than the Rivian guy).
Now that there is this “regime” change. Now that the era of easy money is over. Now that the “growth at all costs” approach has to be thrown out the window and companies need to focus on profits and cash flow, will we see a change in the way tech companies compensate and pay their employees? Will the life of tech employee become less “coddled”? What do you guys think?
It's crazy the number of tech employees saying to their leadership that they would like to opt-into leave rather than leadership performing unannounced lay-offs that hit randomly throughout the company. Tech employees just want to leave so they can claim severance for 3 months and do nothing. If you choose to leave you shouldn't get severance...for some reason they don't understand that. Entitled.
The funniest portion of this whole week has been the journo/activist outcry because they fired people for publicly shit talking the CEO.
It seems to like the wound must be cleaned before it can heal, and it turns out that like 80% of Twitter might as well be rotten.
It’s still baffling that they had sooooo many engineers and somehow nothing got done, it doesn’t make any sense that they were focusing on so much worthless shit while the business was basically drowning.
When the dust settles Twitter is probably gonna print money with just the core product.
I do not agree about tech moving into a “winter”. Yes, large companies are laying off employees. This is true.
But companies are still hiring all over the world in the software space. There’s still a shortage of software developers, but I don’t know if that’s true for other roles.
However, what I am hoping to see amidst these layoffs is more sensible business practices. It still blows my mind that a business can get investor funds without any tangible product to sell.
Facebook and twitter are the most egregious examples. Sure, they make ad money, but originally they didn’t. And that may not be enough (_will_ not be enough) in the near future I think.
My only guess (dons foil cap) is that they were supported in some way by government agencies due to the amount of data collected, but recent events at twitter probably point to that being a conspiracy theory with no solid basis. (Remove foil cap)
The point is, there are a lot of companies that raise investor money based on the “hope” that an intangible product is sold in some way. It’s a waste. Many companies don’t even have much more than an idea of an app on a phone, let alone an MVP.
Hopefully this makes money flow into more tangible products, rather than ideas that do little or nothing for society.
Friday Open Thread // Nov 18, 2022
alright, guys, weekend's over. locking this one up for paid again - until next time !
idk guys looking like the FTX polycule is "alt right" now what do you think https://twitter.com/Forbes/status/1593615727512227840?s=20&t=JnjOhIPP2tYZUDYNod1-aQ
The number of articles and tweets claiming the demise of Twitter is imminent is a testament to the utterly broken state of journalism. Interviewing recently fired or laid off Twitter employees and asking them for their opinion, and then presenting it as some sort of neutral analysis of where the company is going.... Unbelievable.
it’s almost like the majority of the people freaking out and posting #RIPTwitter don’t understand what a major re-architecture / business model transformation looks like under a move fast and break things ethos
Feel like last night’s Twitter meltdown was mostly psychosexual, a wet dream of annihilation, bunch of miserable neurotic blue checks getting off to the thought of impending demise
Didn’t someone said that Hard times create strong men and that Strong men create good times... well it seems like we are the beginning of the cycle; exciting !
It's crazy how many companies in Big Tech can spend months or years without releasing nothing new or innovative. It's like nobody wants to try new things, to make mistakes.
I mean, look at Replit for example, they're shipping new features all the time and they don't have thousands of employees.
I want to work at Twitter so bad. I’m keeping an eye on the job postings just waiting.
I'm 100% on board with the idea that most of this chaos is journos freaking out and trying to break the app because they aren't going to be special anymore, but can we agree that Musk really could have handled this better?
Hindsight being 20/20 and all, it seems like a less aggressive approach, and also like 95% less tweeting by him personally, at least at the start, would have allowed for a less costly and more efficient turnover of the company. Push off the layoffs for a month, don't push through new features until you know they work, don't freak out advertisers (who you still need for now as your bridge to your all-subscription revenue model of the future). Fire a couple dozen bad actors so everyone knows you're serious, but don't give everyone a reason to freak out and sabotage you.
I do believe it will all be fine there eventually, but I think the initial approach was pretty dumb.
I’m convinced the new Twitter will be the gateway to the future of media (decentralized). The coverage of FTX on crypto twitter spaces has been some Pulitzer level shit, and the contrast to the MSM has been jarring. Over time, as Twitter broadcasts mega events in real time with real experts, the dichotomy will widen, and it will be hard for consumers to ignore the truth (esp since much of MSM is just rehashed tweets)
Bullish on the bird !
What are the possibilities that in the future, engineers and ppl who work in tech become paid less/compensation decreases. This is obviously an overgeneralization as “tech” involves numerous companies some big and small. But in general, people in tech get paid a lot. My friend received an entry lvl offer from a startup and his offer was over 6 figs.
In the last 10+ years, we have been in an era of easy money and low interest rates and money poured into tech. Tech companies gave out huge compensation + salary packages, and they created Disneyland-esque buildings, and had insane perks. The life of a tech worker was certainly coddled.
I have 4 software engineer friends that work remotely (Rivian, Oracle, AMD, F5). They have SO much free time. Their jobs are super chill. They are all getting paid a lot and tbh, they don’t work much I think for the most part, its fair to say that they actually extract more value from their companies then the they create for them (other than the Rivian guy).
Now that there is this “regime” change. Now that the era of easy money is over. Now that the “growth at all costs” approach has to be thrown out the window and companies need to focus on profits and cash flow, will we see a change in the way tech companies compensate and pay their employees? Will the life of tech employee become less “coddled”? What do you guys think?
Still way too much liquidity in the system if brain-dead journos are still getting airtime. NYT Layoffs Wen.
It's crazy the number of tech employees saying to their leadership that they would like to opt-into leave rather than leadership performing unannounced lay-offs that hit randomly throughout the company. Tech employees just want to leave so they can claim severance for 3 months and do nothing. If you choose to leave you shouldn't get severance...for some reason they don't understand that. Entitled.
The funniest portion of this whole week has been the journo/activist outcry because they fired people for publicly shit talking the CEO.
It seems to like the wound must be cleaned before it can heal, and it turns out that like 80% of Twitter might as well be rotten.
It’s still baffling that they had sooooo many engineers and somehow nothing got done, it doesn’t make any sense that they were focusing on so much worthless shit while the business was basically drowning.
When the dust settles Twitter is probably gonna print money with just the core product.
"...the world is demanding Twitter bring back...."
Demanding that Musk d/b/a Twitter do something is pretty hilarious on its face. Hope they like pounding sand.
I do not agree about tech moving into a “winter”. Yes, large companies are laying off employees. This is true.
But companies are still hiring all over the world in the software space. There’s still a shortage of software developers, but I don’t know if that’s true for other roles.
However, what I am hoping to see amidst these layoffs is more sensible business practices. It still blows my mind that a business can get investor funds without any tangible product to sell.
Facebook and twitter are the most egregious examples. Sure, they make ad money, but originally they didn’t. And that may not be enough (_will_ not be enough) in the near future I think.
My only guess (dons foil cap) is that they were supported in some way by government agencies due to the amount of data collected, but recent events at twitter probably point to that being a conspiracy theory with no solid basis. (Remove foil cap)
The point is, there are a lot of companies that raise investor money based on the “hope” that an intangible product is sold in some way. It’s a waste. Many companies don’t even have much more than an idea of an app on a phone, let alone an MVP.
Hopefully this makes money flow into more tangible products, rather than ideas that do little or nothing for society.