Thread regarding Twitter layoffs

Twitter becomes X Corp.

Twitter has announced a significant development, stating that it has merged with everything app called 'X', owned by Elon Musk.
In a court filing in the US, Twitter quietly disclosed that it no longer exists.
"Twitter Inc. has been merged into X Corp. and no longer exists. X Corp. is a privately held corporation, incorporated in Nevada, and with its principal place of business in San Francisco, California," the filing mentioned.
In October last year, when he was in the process of finalising the purchase of Twitter, he restated that X remains his long-term plan for the business.
"Buying Twitter is an accelerant to creating X, the everything app," Musk tweeted.
"Twitter probably accelerates X by 3 to 5 years, but I could be wrong," he added.

So……what does this mean?

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Post ID: @OP+1m6BBFZp

5 replies (most recent on top)

Sounds like a SIFI comedy.

Post ID: @3xdy+1m6BBFZp

@sjw+1m6BBFZp fair points. Twitter definitely needs an overhaul on the back end but it could be a lot worse. Just look at meta.

More than half of the facebook platform is still running on an old version of php written in spaghetti and the servers are so klunky it takes users up to an hour to upload 5 mins of video content. Putting your personal info onto that site or buying through the marketplace is just asking for your info to be compromised.

Twitter’s performance is nowhere near as bad so at least it’ll be easy enough to rebuild and reskin compared to facebook.

Post ID: @1wae+1m6BBFZp

This article explains what Musk meant when he said he saw "difficult path to a >$250B valuation".

It's an interesting question how much buying Twitter accelerates X. Twitter's software is old, so it's hard to see how it plays much part. Musk has said that it needs to be rewritten.

Therefore, the acceleration must come from purchasing Twitter's market share and staff. I can believe that gives some acceleration, but it's hard to believe 3 to 5 years. Also hard to believe it's worth $44 billion.

I think he's correct: the path is difficult but not impossible. More risk than I'd take! But sometimes, if you get lucky, you can overpay for something and still win in the end.

Post ID: @sjw+1m6BBFZp

Ditto.......................who cares.

Post ID: @bkk+1m6BBFZp

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