News on potential collapse of Twitter
Until now I hadn’t appreciated that were very serious structural problems at Twitter. I thought Elon would make it messy, but it would robustly continue. This below, however, is starting to make me much more concerned.
I came across to Mastodon out of curiosity, fun, sense of opportunity & respect for the concept. Now I’m thinking it’s a vital hedge for us all against serious Twitter risks, including collapse.
re: News on potential collapse of Twitter
@mikegalsworthy it’s not structural issues. Twitter took on a huge amount of debt as a result of how the takeover was structured (with Elon using his Tesla shares as collateral).
You can’t fire your key execs on day 1, board on day 2, a huge chunk of employees on day 7, all while pushing for huge unpopular product changes within unrealistic timeframes and with what seems to be no plan, testing or compliance. Any company would fall apart.
re: News on potential collapse of Twitter
@estherlimtf @mikegalsworthy "You can’t fire your key execs etc". Point of order: apparently you can, it's just not a terribly good idea 😂
