Comment by sebmellen
5 hours ago
Do you remember when he bought Twitter and fired everyone, and the mass media and employee outcry was that a) the service would stop working and b) he would bankrupt the company, yet a few years later it’s massively more successful than Twitter ever was as a public business?
Regardless your thoughts on Elon, his drug habits, and his political brashness, I don’t think you can say he’s in any way close to the Oceangate guy. There is something legitimately special about him and his collective.
Twitter is definitely not more successful now than before. So many people left and are gone forever.
I would read a deep dive though into the history of Twitter (with the financials) to understand better and I do get that for a single product company there really is a point at which you give up on finding the next big thing and just optimize on your main thing and you really just need a few dozen awesome people and a rotation of new hires to keep things rolling but not thousands of engineers.
Maybe I’m overstating “massively more successful” but to my understanding “X” has roughly twice the active use count that Twitter did, although that includes Grok.
That said, do you remember these kinds of articles?
> Musk summons engineers to Twitter HQ as millions await platform’s collapse
Source: https://www.washingtonpost.com/technology/2022/11/18/twitter...
> “Former Twitter employees fear the platform might only last weeks.” Melissa Ingle: “I don’t see how it lasts the month.” “All signs point to some catastrophic failure of the system, and very soon.”
Source: https://www.technologyreview.com/2022/11/18/1063467/former-t...
> Twitter ‘to lose 32m users in two years after Elon Musk takeover’
Source: https://www.theguardian.com/technology/2022/dec/13/twitter-l...
Elon was firing people left and right and literally physically destroying Twitter’s data centers. I remember hundreds of these hysterical articles and tweets that very clearly did not come to pass. He obviously did something more clever than the authors of these articles expected… is all I’m claiming.
I haven't posted anything on this HN submission yet, but all I'm claiming is that Twitter was so successful under Elon's management that he thought it was better to roll it into SpaceX than to keep it independent. Kind of like solar city was merged into Tesla to bail it out and then it winded down after the acquisition while nobody is looking.
Just claiming, you know.
> yet a few years later it’s massively more successful than Twitter ever was as a public business?
Twitter has certainly been a glowing success at becoming a right-wing propaganda chamber for Musk but as a commercial venture not really. Revenue is down 60% since Musk bought it.
https://www.businessinsider.com/elon-musk-approach-advertise...
The article doesn't mention subscription revenue. I subscribed to X in order to not see ads.
It also doesn't factor in the dramatically reduced costs. It's likely that X is already significantly more profitable than Twitter was. And with less dependency on advertisers, which is a huge win in and of itself.
Apparently 90% of the Twitter staff were simply baggage.
Uh, no, I do not remember how Twitter is massively more successful than it was as a public business. Can you enlighten me?