Daily Mail columnist Maureen Callahan joined 'Fox Business Tonight' to discuss the collapse of crypto exchange FTX and what's next for former CEO Sam Bankman...
I would imagine those employees had a pretty cushy gig in recent years and made good money. I could see a lot of them just taking the severance to go on vacation in Bali instead of working 90 hours a week for less pay or something. Will be interesting to see if he successfully re-brands this thing. World leaders are probably scratching their heads right now too.
He will turn things around with Twitter. When he invented Tesla it was laughed at by Jeremy Clarkson and Tesla failed to sue Clarkson, and it almost collapsed, but Musk redeemed the fukk out of himself. Is was like a Bekele comeback. Maybe the twitter comeback will coincide with Bekele's WR next year. I'm surprised Trump doesn't buy twitter so he can post again and say what he wants. Will Musk unban Trump. Discus
He has found great success running companies that make cutting edge, never-been-done before things where he can do whatever he wants as a CEO
Twitter relies on advertising revenue and also requires administrative leaning employees....He is not used to having to cater to either and Twitter is not cutting edge.
He's not used to his dictate being snubbed and his advertisers and employees (former employees!) don't need Twitter to survive or thrive.
I doubt he is the worst, he's just very high profile, but whether he's good or bad depends on how you judge him.
I don't judge CEOs merely on the valuation of their company. I judge them on how they treat their employees and if their employees have good work-life balance. If the soft skills of being a compassionate leader aren't there no matter how good your company does you'll never be a good CEO.
Lol you're probably posting this from a device created from a company that had what you would consider to be a bad CEO, like Steve Jobs or Bill Gates. Fact of the matter is sometimes a CEO pushing for bad work-life balance is what is required to get results. Elon doesn't seem very inspirational though, so he probably can't get that kind of drive out of his employees.
No, Musk is not the worst CEO. You may not agree with his approach, but at least he has one. You want to work crazy hard for 2-3 years, you might become insanely wealthy. Or it may fail and you make good money for a couple years and have a better resume than before. Alternatively, you can take the severance if you don’t like it. Lastly, you can keep scraping by as a Twitter employee and risk getting fired.
We aren’t talking $15 per hour baristas that don’t have other opportunities, these are highly skilled tech people that make six figures. They will all be fine, and some might make a fortune.
Good analysis. There are those that have ascribed God-like qualities to Musk. Many on this message board. And of course, he believes them.
Jesus. Reading that twitter post, it’s a reflection of society today. People are so quick to criticize. To WANT others to fail. That twitter post reeks of Whiny criticism. Perhaps jealousy?
give the guy a break. I get why people want him to fail, because he may have different political beliefs. But throwing those differences aside, let’s see what he does with it.
saw a video of Anthony kiedes recently and he said his life philosophy is kindness. It sounds Koom by ya but damn, a little more kindness in this world would go a long way.
Musk doesn't seem like a nice person. Also, his talk of everything he does being a "stepping stone to colonizing mars" is cringeworthy. His parents owned a diamond mine. He is not a genius, he is not even an above average physics student. He comes from money and has been playing the precocious child his entire life.
Elon is more self made than you think. The emerald mine paid for a nice life but he wasn’t living larger than an upper middle class American. The wealth he generated came from innovations he and his brother made during the start of the internet, similar to Bezos. He’s a motivated jerk who clawed his way to the top and now probably thinks he’s god or something similar.
Not sure how this will all pan out, but in times where jobs are aplenty, it is foolish to ask employees to burn the midnight oil. Most of them who now won't might have done that for a while for another CEO, but he's got all of them mad at him for the big layoff, so, as should have been expected, many of them just flat out quit.
There is no disputing that he's been a success so far, and I'm not one of those liberals who just diminishes all he's done just because he's a right-wing nutbag. He's obviously a talented and gifted individual. That said, SO FAR, it doesn't look like he knows what he's doing at all with this Twitter acquisition.
I am neither rooting for it to fail or succeed, though I did not want to be a part of it, so I did cancel my Twitter account...which I wasn't really using much anyway.
Will be interesting to see how this all pans out.
It's fun to see all the liberals getting triggered because he purchased Twitter. You probably threatened to move out of the US when Trump became president too. Suck it up buttercup.
Musk doesn't seem like a nice person. Also, his talk of everything he does being a "stepping stone to colonizing mars" is cringeworthy. His parents owned a diamond mine. He is not a genius, he is not even an above average physics student. He comes from money and has been playing the precocious child his entire life.
Elon is more self made than you think. The emerald mine paid for a nice life but he wasn’t living larger than an upper middle class American. The wealth he generated came from innovations he and his brother made during the start of the internet, similar to Bezos. He’s a motivated jerk who clawed his way to the top and now probably thinks he’s god or something similar.
Thinking he bought Twitter to shut down the liberal bs machine that it had become, not to make money.
He is about to find out that 20% of workers do 80% of the work. Unfortunately for him, those 20% are high skilled high performers who just walked out the door because they can pick any work environment they want. Twitter has become a toxic dumpster fire in less than a month.
Your average Joe thinks Musk builds self driving cars and rockets. No he has hired smart people to do that. CEOs don’t do the actual work. That is why he is “running” three companies and just writing tweets all day. Not the worst CEO ever, but I have never seen a tech CEO make this many bad high level decisions in such a short timeframe.
Musk is a Chinese agent so it is not surprising he is destroying another American company. I'm sure he will handsomely rewarded by the Chinese Communist Regime after it's all is said and done.
Musk is out of his element when talking about free speech and online platforms. He found out that his personal preferences get destroyed when put into practice.
He has no idea how to make it right, so he is becoming paranoid and lashing out at his workers and at celebrities.
Musk is out of his element when talking about free speech and online platforms. He found out that his personal preferences get destroyed when put into practice.
He has no idea how to make it right, so he is becoming paranoid and lashing out at his workers and at celebrities.
Social media has failed our society.
So you’re saying things at twitter were fine as they were and he should have just left everything untouched?
Twittr needed a shakeup and that’s what it’s getting
social media has ruined society, but unfortunately it’s here to stay
World's richest man who has had never seen before success with technological cutting edge companies with long term visions is also the World's worst CEO? Why? Because he made several people a lot of money along the way? Or because a few hundred people quit a new company he just bought, because they said they were working full-time when they more than likely were not at home. He's cutting the checks and set a boundary for his staff and gave them an option and they made a choice. He didn't fire them without notice. It's really not that difficult to understand. If anyone is seeking advice on how to run a successful company, perhaps Letsrun is not the place to get advice
So you’re saying things at twitter were fine as they were and he should have just left everything untouched?
Twittr needed a shakeup and that’s what it’s getting
social media has ruined society, but unfortunately it’s here to stay
No, things weren't fine, but Musk isn't the guy to fix it. I'm not sure anyone can fix social media, where lies and disinformation spread faster than truth and reason. On top of that it is all co-opted by big business, so that they are controlling our lives while taking our money and darkening our souls.
New Twitter owner Elon Musk began mocking critics of how he has been running the social media platform, particularly Democratic Rep. Alexandria Ocasio-Cortez.
Ken Lay of Enron bilked shareholders out of $74 billion and brought down Arthur Andersen along the way. Musk actually left twitter's former shareholders with a massive windfall and will only be screwing the Saudis and a few banks. So, on a dollar for dollar basis, Musk hasn't caused near as much financial harm.
The main problem with Musk is that he had no clue that his free speech goals for twitter were completely antithetical to twitter operating as a going concern, which is pretty remarkably dumb for someone with as much c-suite experience as Musk. Twitter's issues with content moderation were entirely due to its exposure to its advertisers for funding and not due to some internal leftist silicon valley uber woke cabal that had taken over content moderation. So, once Musk walked in the door, advertisers immediately balked at buys for 2023. Musk tried to back track and held off on granting amnesty to banned accounts and letting the Pepes and Groypers run wild. But it was already too late. Then Musk decided to try to find a way to make up the lost revenue by getting people to pay for blue checks. This made New Coke look like the iphone. It failed miserably. Undeterred, Musk fell into the idea that he could operate twitter like a start up by slashing the workforce and making everyone dedicate themselves to the company 24/7. This also blew up because twitter is not a start up and the tide in silicon valley has shifted tremendously on work/life balance from the nascent days of social media start ups. So, everyone quit and now it is not clear whether twitter will even have enough hands on deck to operate a website, much less deal with the issues of content moderation that left unchecked will turn a site into 8chan in about 7 hours.
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