Reminds me of he typical corporate take-over locusts.
1. Take over.
2. Layoffs.
3. Profits go up short term.
4. Then you notice all of the folks missing. Productivity drops.
5. Revenue drops, followed by dropping profits.
6. Folks move on to the next take over.
Difference, crucially, here is that Musk actually owns the shop, so we'll see if it is different with Twitter.
Except if Musk succeeds in ultimately destroying Twitter he's holding a $44 billion bag. Kind of overshadows making a couple of years of modest profits.
You'd think he'd be more circumspect about how he handles this $44 billion asset which he does not yet fully understand during his first week on the job, but I guess that's not his style.
1. Take over. 2. Layoffs. 3. Profits go up short term. 4. Then you notice all of the folks missing. Productivity drops. 5. Revenue drops, followed by dropping profits. 6. Folks move on to the next take over.
Difference, crucially, here is that Musk actually owns the shop, so we'll see if it is different with Twitter.