Now that Musk owns Twitter
- Thread starter Hard On The Wind
- Start date
Olsonist
Disgusting Liberal Elitist
Stock options in a public company should be heavily heavily discounted as compensation. This is because the company is by definition already public. Twitter went public in 2013. So there is no growth phase to profit from.
Even in startups, engineers are souring on options. The modern startup social contract sucks.
Unless you're on the founding team, they can be worthless even in a good outcome. As a common stockholder, your preference comes last, the preference cliff. The board can and does structure the deal so that you get nothing. The only outcome where you're somewhat guaranteed, somewhat, is an IPO. But even then your shares can be locked up. Worse, you can exercise the options (whoopee, I have shares!) the price can drop and you still owe tax on the exercise.
An example of an acquisition where the engineers got nothing was Anthony Levandowski's company, 510 Systems for $20M. The startup's engineers got squat. Levandowski nominally had common, same as them. But he was in the room when the deal was hammered out.
www.wired.com
Even in startups, engineers are souring on options. The modern startup social contract sucks.
Unless you're on the founding team, they can be worthless even in a good outcome. As a common stockholder, your preference comes last, the preference cliff. The board can and does structure the deal so that you get nothing. The only outcome where you're somewhat guaranteed, somewhat, is an IPO. But even then your shares can be locked up. Worse, you can exercise the options (whoopee, I have shares!) the price can drop and you still owe tax on the exercise.
An example of an acquisition where the engineers got nothing was Anthony Levandowski's company, 510 Systems for $20M. The startup's engineers got squat. Levandowski nominally had common, same as them. But he was in the room when the deal was hammered out.
God Is a Bot, and Anthony Levandowski Is His Messenger | Backchannel
AI is this engineer's religion. But it’s his all-too-human behavior that sits at the heart of Waymo’s lawsuit against Uber.
Are you talking about the starlink that is incredibly oversold, has dropped speeds significantly, recently added data caps to their service, can't launch any of their new satellites, has had customers waiting for 4 years and pushed back their orders month after month, but will now allow those same wait listed customer to order a 20% more expensive system that is derated?
The same starlink who has no phone number, no support, and is turning anti-consumer with proprietary connectors and cables?
Why do I have the distinct feeling that if I asked anyone who OWNED starlink to raise their hand, yours wouldn't go up.
VVV drives his cybertruck to work, it's connected via Starlink.....
slug zitski
Banned
- Banned
- #1,526
Looks like twitter is going after the liberal mob
about time
about time
Twitter Bans Multiple Antifa Accounts After Threats And Attempts To Burn Down Tesla Dealerships
Violent extreme leftists were allowed to organise riots on Twitter for years
summit.news
Voyageur
Super Anarchist
olgino trollsLooks like twitter is going after the liberal mob
about time
Twitter Bans Multiple Antifa Accounts After Threats And Attempts To Burn Down Tesla Dealerships
Violent extreme leftists were allowed to organise riots on Twitter for yearssummit.news
Twitter has rarely been profitable and its revenues are based on advertising and data licensing. They can only do so much to piss off the worries before the wokies leave, and by losing the wokies they lose people with huge followings and their followers. While losing the wokies may appeal to some end-users, it is not a good idea for a social media business.
While Twitter can expand into new markets, I’m not sure where the profitability is going to come from (not that it has mattered much for Twitter so far).
Where do you see the potential in Twitter? Is it through trying to make Twitter a social media monopoly to a lot of the world through StarLink? Is there some other potential that you see?
veni vidi vici
Omne quod audimus est opinio, non res. Omnia videm
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Nothing has changed since I posted
I read “take[] it and blockchain to the farthest corner of the world,“ to be referring to Twitter and blockchain separately (i.e., blockchain in general and Twitter) and thus misread your post to be primarily about expansion of these existing things (which is why I was curious about what you saw as the potential). In hindsight, I realize that you were probably referring to the incorporation of blockchain with the Twitter ecosystem.
I agree that there is potential there if they can make a Twitter payment system the de facto online messaging and payment system on the Internet (or at least underserved parts of the Internet) or even provide a widely accessible blockchain payment mechanism that is not a PITA to use.
veni vidi vici
Omne quod audimus est opinio, non res. Omnia videm
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Ever noticed how something in the distance takes so long to reach and then once past it seems so far away and in such little time, that phenomenon.
But yeah that is kinda the way I imagine Elon is looking at it.
That and Mr Clean should see if he can get in on the ground floor.
Ex Machina
Super Anarchist
Is that a polonium teapot on the right just out of frame ?
giegs
Super Anarchist
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Even if Twitter implemented a payment system, I don't think enough big money interests would trust it at this point. I haven't seen anything to indicate they're really innovating in that space or even have the capacity to. Maybe they could pick up one of the existing L2 eth solutions, but they're still going to be a tainted brand in a highly competitive industry.
If banking is based on trust and stability, how well could anything associated with Elon fair?
If banking is based on trust and stability, how well could anything associated with Elon fair?
Dog 2.0
Super Anarchist
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No growth phase?Stock options in a public company should be heavily heavily discounted as compensation. This is because the company is by definition already public. Twitter went public in 2013. So there is no growth phase to profit from.
Even in startups, engineers are souring on options. The modern startup social contract sucks.
Unless you're on the founding team, they can be worthless even in a good outcome. As a common stockholder, your preference comes last, the preference cliff. The board can and does structure the deal so that you get nothing. The only outcome where you're somewhat guaranteed, somewhat, is an IPO. But even then your shares can be locked up. Worse, you can exercise the options (whoopee, I have shares!) the price can drop and you still owe tax on the exercise.
An example of an acquisition where the engineers got nothing was Anthony Levandowski's company, 510 Systems for $20M. The startup's engineers got squat. Levandowski nominally had common, same as them. But he was in the room when the deal was hammered out.
God Is a Bot, and Anthony Levandowski Is His Messenger | Backchannel
AI is this engineer's religion. But it’s his all-too-human behavior that sits at the heart of Waymo’s lawsuit against Uber.
slug zitski
Banned
- Banned
- #1,535
Dog 2.0
Super Anarchist
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2,000,000 new signups per day is likely to generate some advertising.
slug zitski
Banned
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In the perfect scenario it would be users fees
advertising is subject to political pressures
Voyageur
Super Anarchist
sofa king we todd it
spankoka
Super Anarchist
Yeah, that pesky capitalist system-advertisers don't want their products associated with hate speech.
