Elon Musk $44 Billion Twitter deal

[TheDaddy]

Apparently some of the sacked workers are now being asked to come back, apparently they were sacked before the management realised how important they are to the company

I'm struggling to believe this tbh

Apparently the engineers were ranked by lines of code written and the bottom percentage fired, meaning the got rid of their best people working on the most challenging projects

How likely is this?

I’ve seen multiple accounts on twitter itself over the past several days referencing the ‘lines of code’ criterion for sacking people. It depends who was running the dismissals I guess. I’ve seen some pretty crass redundancy processes in my time and (with apologies to anyone here working in HR) I’ve seen some pretty ludicrous HR procedures ostensibly intended to facilitate managing a large workforce but actually doing little more than to reduce the HR department’s workload and to allow them to claim certain tasks have been done when in reality nothing could be further from the truth. I’ve seen people made redundant who should never have been made redundant, I’ve seen people get internal promotions where their single skill is gaming the HR department’s ‘competency based interview’ process. I’ve seen people subjected to patronising ‘support’ interviews for being sick for a week, despite it being their only illness in years, simply because a number on a database triggered a procedure.

Yes, if Twitter’s HR department is anywhere near the process, I’d say these reports are entirely credible.

[TheDaddy]

Originally Posted by Chris

I’ve seen multiple accounts on twitter itself over the past several days referencing the ‘lines of code’ criterion for sacking people. It depends who was running the dismissals I guess. I’ve seen some pretty crass redundancy processes in my time and (with apologies to anyone here working in HR) I’ve seen some pretty ludicrous HR procedures ostensibly intended to facilitate managing a large workforce but actually doing little more than to reduce the HR department’s workload and to allow them to claim certain tasks have been done when in reality nothing could be further from the truth. I’ve seen people made redundant who should never have been made redundant, I’ve seen people get internal promotions where their single skill is gaming the HR department’s ‘competency based interview’ process. I’ve seen people subjected to patronising ‘support’ interviews for being sick for a week, despite it being their only illness in years, simply because a number on a database triggered a procedure.

Yes, if Twitter’s HR department is anywhere near the process, I’d say these reports are entirely credible.

Just seems shambolic, to have spent this much on it to be making these mistakes is ridiculous, mind you so is driving off your advertisers and users in droves, starting to think musk might not be as smart as he's led us to believe

The Times also reported that people were asked to submit written proof of code. They're reporting today that Twitter is now telling some of those fired to come back because they were mistakenly made redundant, possibly because some idiot decided to fire them because of a smaller volume of code which could well mean firing those working on the most complex problems.

It's hard to know what to make of Musk because with PayPal, Telsa and SpaceX he is obviously not an idiot but his public profile over the last couple of years has been eccentric, to say the least. He has made very questionable public decisions and it's hard to tell how much of this is designed to attract attention as part of a well-thought-out plan and how much of it is just him being a megalomaniac. It's not clear if this Twitter purchase was one of these stunts gone wrong or not. He certainly seemed to try and get out of it until it became clear he couldn't without a big cost.

BREAKING: New Twitter owner, Elon Musk, a former Democrat voter, comes out endorsing the Republican Party, for the midterm elections, voting day is tomorrow. On Twitter, he wrote:

To independent-minded voters:

Shared power curbs the worst excesses of both parties, therefore I recommend voting for a Republican Congress, given that the Presidency is Democratic.

Based on whats happened since it 'owned' it, twitter seems an appropriate name ...

I don’t know, Republican Party is the better party then Democrats. Democrats have gone too woke, crashed the economy, crime is up, inflation up, they have a serious cognitive issue with President Biden, their message has gotten lost, they’re going on about Midterms being about reversing Roe Vs Wade, when all Americans actually care about is the cost of living crisis.

Republicans are due to take back control of the House of Representatives, Senate, may be a harder target for them, but Biden is in trouble for 2024, if he lasts that long, it’s elder abuse keeping him in office, every day is gaffe day, the other week he said there was 54 States, in another speech, he started waffling on about Iraq, then blamed his son dying there for randomly bringing it up (His son died in an American hospital of recurring Brain cancer).

So I don’t know, Elon switching for Republicans, is fairly significant. I know Twitter isn’t for everyone, but I find it can be very resourceful, I get most news on there before it’s announced on various networks.

[TheDaddy]

Originally Posted by Damien

The Times also reported that people were asked to submit written proof of code. They're reporting today that Twitter is now telling some of those fired to come back because they were mistakenly made redundant, possibly because some idiot decided to fire them because of a smaller volume of code which could well mean firing those working on the most complex problems.

It's hard to know what to make of Musk because with PayPal, Telsa and SpaceX he is obviously not an idiot but his public profile over the last couple of years has been eccentric, to say the least. He has made very questionable public decisions and it's hard to tell how much of this is designed to attract attention as part of a well-thought-out plan and how much of it is just him being a megalomaniac. It's not clear if this Twitter purchase was one of these stunts gone wrong or not. He certainly seemed to try and get out of it until it became clear he couldn't without a big cost.

The thing with tesla, space x and paypal is he didn't invent them, they already existed, he invested in someone elses idea which is perfectly reasonable, I just don't see how that qualifies him as a genius, very good at marketing and with a fantastic eye for an opportunity but the way people go on about him you'd think he was Einstein or something. I think you're right about attention seeking to, he used to troll famous people on twitter for attention after all

Originally Posted by Paul

Based on whats happened since it 'owned' it, twitter seems an appropriate name ...

[TheDaddy]

So far tonight I've seen

a verified Tony Blair talking to a verified George Bush about how much they miss killing Iraqis

a verified Joe Biden talking about stroking a very intimate part of himself

a verified OJ Simpson admit he done it

and a host of other verified Pope's, politicians, actors and dead people making all sorts of claims involving all manner of things and it's been quite funny for me, in the main, right up until someone listed some of them to Musk, he found it hilarious, kind of stopped being funny for me then and became quite sad

https://twitter.com/mikesington/stat...jdi7y3K-JBISgA

The Law of Unintended Consequences strikes…

https://www.investors.com/news/techn...-free-insulin/

Eli Lilly Dives After Fake Twitter Account Promises Free Insulin; Takes Novo Nordisk, Sanofi With It

Elon Musk's new pay-for-play verification system on Twitter shook pharmaceutical mainstay Eli Lilly (LLY) — leading LLY stock to skid Friday — after a fake account claimed "insulin is free now."

The tweet went live around 1:30 p.m. on Thursday from an account claiming to be Eli Lilly. It remained online for several hours, gaining steam from hundreds of retweets and thousands of likes. As of Friday morning, the fake account is no longer verified and its tweets are now private.

But that didn't stop LLY stock from falling 2.2% near 360.70 in morning trades on today's stock market.

"We apologize to those who have been served a misleading message from a fake Lilly account," the company said from its official account…

… The LLY stock slide also extended to its rivals. Novo Nordisk shares fell 3.2% near 111.80. Sanofi stock lost 4%, trading near 42.60.

As far as Twitter is concerned, Musk seems to be a completly clueless plonker.

https://www.theverge.com/2022/11/11/...ertising-pause

Another major ad agency recommends pausing Twitter ad campaigns / Omnicom Media Group is recommending its clients pause spending on Twitter, citing the ‘potential serious implications’ for advertisers on the platform since Elon Musk’s takeover late last month.

By MIA SATO
Nov 11, 2022 at 7:57 PM GMT

Omnicom, one of the world’s biggest ad firms, representing brands like McDonald’s, Apple, and PepsiCo, is recommending clients pause spending on Twitter, according to an internal memo obtained by The Verge.

Omnicom Media Group is recommending clients “pause activity on Twitter in the short term,” according to a note titled “Twitter - Continued Brand Safety Concerns.” The memo cites recent events in the last few days that have “potential serious implications” for brands running ads on the platform.

The memo cites the deep layoffs of Twitter trust and safety teams, the resignations of high-profile executives, and the slew of “verified” impersonation accounts as being key issues for advertisers. “Evidence that the risk to our clients’ brand safety has risen sharply to a level most would find unacceptable,” the memo reads. “We recommend pausing activity on Twitter in the short term until the platform can prove it has reintroduced safeguards to an acceptable level and has regained control of its environment.”

The memo goes on to say that Omnicom has “formally requested that Twitter assure us that these issues will not impact compliant processes, operations, products, brand safety and client investment on the platform in any way” but that “seemingly due to the lack of senior leadership now in these areas, Twitter has not been able to give those assurances.”

[Julian]

Seriously who gives a funk?