• dawnerd@lemm.ee
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    1 year ago

    Unfortunately probably a lot of CEOs realizing they can make drastic cost cutting and policy moves and get away with it. And sadly looks like it’s working.

    • Mr_Figtree@kbin.social
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      1 year ago

      So far it doesn’t look like he’s getting away with it. Ad revenue is down 60% compared to last year, it doesn’t look like there is enough revenue from subscriptions to make up for that, and they’re being evicted from one of their offices.

      • Davel23@kbin.social
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        1 year ago

        they’re being evicted from one of their offices.

        That story is (unfortunately) not as bad as it sounds on the surface. Basically the office they’re being evicted from was leased just as COVID lockdowns were happening and WFH became a thing. So no one was actually working there and it was pretty much just sitting empty. It’s still not great, but Twitter isn’t really losing anything of value.

        • Mr_Figtree@kbin.social
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          1 year ago

          Ah, I see. Maybe one of the offices they’re actually using and also not paying the rent on next? A man can dream.

      • dawnerd@lemm.ee
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        1 year ago

        No, but the users still keep using it and the bigger advertisers are coming back. It’ll get sold off but love on. Too many people unwilling to let go.

    • NecoArcKbinAccount@kbin.social
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      1 year ago

      He hasn’t been paying for Twitter’s servers, which is the equivalent of a construction company refusing to pay a supplier for wood. No wood = no product, likewise for Elon no servers = no twitter.

    • Renacles@beehaw.org
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      1 year ago

      He didn’t get away with it, he lost a fortune on Twitter and Tesla is being affected as well.

      I know he has more money than he could ever lose but he ruined his imagine and that’s the main thing he always cared about.