zlacker

How in the world is randomly firing people supposed to make anything more efficient? They literally don't even know what the people they're firing do, as seen with the latest mess with the Department of Energy.

>>crooke+(OP)
Maybe it forces the people who're left to prioritize which civil services to keep.

>>giveme+07
And forces states, especially poorer ones, to raise their taxes.

>>crooke+(OP)
It's probably not. At this point I would place my hope in second order effects. But I'm not the sort of person to do that.

>>crooke+(OP)
Fiery take, but Elon eviscerated twitter and just kept kicking people out seemingly randomly. Anyone who didn't like it was encouraged walk out too on top of that. Twitter was doomed and the internet was rife with how it's collapse was immanent.

But he we are three years later and twitter is still running and still top dog in the message-post space.

I can't help but feel that in the presence of lots of money, organizations just bloat and bloat and bloat, and all that bloat will be sure to have a long winded explanation for why it is _critical_ to stay in existence.

>>Workac+C51
Twitter is barely breaking even because Musk's stupid policies have chased away a lot of advertisers.

>>Workac+C51
Twitter is losing more money than before Musk, so I personally don't see how this is working out except as a mechanism to extract power.

>>jonkoo+xi1
twitter corporate bonds are trading at 97 cents on the dollar now, they were trading closer to 40 cents shortly after the acquisition. I would not assume they are still losing money

>>Workac+C51
He also eviserated 75% of Twitter's market cap. The only metric Twitter is a success is Elon leveraged it to get Trump elected and Trump is now showering him with favors.

>>aketch+Ck1
> shortly after the acquisition

I would expect this to be a particularly low point. Can you link some data?

>>squigz+cB1
"The banks marketed the deal last week with an intention to sell down the debt at 90-95 cents to the dollar but managed to price it at a higher price of 97 cents... In late 2022, an attempt to sell the unsecured loan attracted bids in the 60 cents to the dollar range which would have seen the banks take on a large loss on the face value of the debt."

https://www.reuters.com/business/finance/banks-sell-down-55-...

so I was wrong to say they were as low as 40 cents, but the point stands that twitter's financials have improved a great deal

>>aqueue+e9
Or lower their taxes, now they don't have to fund useless bs

>>aketch+Ck1
The massive interest payments he added match or exceed the entire company revenue. There is no way the company is even close to making money.

>>aketch+Ck1
That only means that the borrowers think that the interest payments will be made.

>>gosub1+qD1
You think the states will get more federal money now?

The trend of stealing money from New York, shutting down the Department of Education, and FEMA would make me think otherwise.

>>Workac+C51
> twitter is still running and still top dog in the message-post space

He just hasn’t finished the job.

>>crooke+(OP)
Agreed. Maybe the government is terribly inefficient. I don't know. However, this isn't the most efficient way to make it better. Moreover, efficiency is not just saving money which seems to be all that is going on.

>>Workac+C51
Twitter has become a hive of racism and hate that is a shadow of its former self. I literally can't keep racist slurs from my homepage, if you think musk has improved it since he took over man so I have a bridge to sell you

>>gosub1+qD1
The explicit point of dismantling some agencies is to leave it to the states. Aka they want to reduce state funding. So the state choices are generate more income or let certain institutions rot.