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Solkanar512 posted:So 50% of the company with a few days notice is a massive violation of the WARN Act, right? Probably. Throw another set of lawsuits on the pile. They'll get assertions to it some time after they finish clearing the wreckage of the company. pseudorandom name posted:Nah, you can lay them off now and continue paying them for the next two months. Elon has been working 100% out of spite. Pick the shittiest outcome and that's probably what he's going with. He fired the board for cause two days before bonuses matured. He's totally going to for cause then all or find some other reason to dick them out of severance. DeathSandwich fucked around with this message at 06:02 on Nov 4, 2022 |
# ? Nov 4, 2022 05:59 |
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# ? May 23, 2024 11:41 |
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I am somewhat stock market dumb, but Twitter has shareholders, right? And Elon is going to have to explain why he's made them all 30-40$/share less rich since his takeover, right? (Or they'll sell en masse and crater the stock?) If my corporate fu is on point; he can't be fired because there's no board of directors, but this kind of action usually crashes a stock, if i understand it correctly. How long before Elon's 44 billion dollar purchase of a company reportedly losing 200 million $/year has real life (but not really because he's impossibly wealthy) consequences? Fun fact: 44 billion dollars is equal to the GDP of Romania! It is a fathomless amount of money that I cannot wrap my head around without imagining Scrooge McDuck's Money Bin.
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# ? Nov 4, 2022 06:08 |
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NutShellBill posted:I am somewhat stock market dumb, but Twitter has shareholders, right? It's not going to crash the stock because since Musk bought the company and is taking it private, trading has ceased and the company is in the process of being delisted. Shareholders will get (if they haven't already gotten) their money at 53.70 per share, regardless if the company literally explodes tomorrow or not.
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# ? Nov 4, 2022 06:14 |
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NutShellBill posted:I am somewhat stock market dumb, but Twitter has shareholders, right? Twitter has exactly one shareholder right now- Elon Musk. The rest of them received their $54.20, lost their shares, and no longer have a say in the direction of the company. You can't buy the shares back either, he took them all off the stock market. (OK, Musk and a few select privileged friends like Jack Dorsey and Saudi Arabia, but they don't own enough to meaningfully counter Musk even if they wanted to) quote:And Elon is going to have to explain why he's made them all 30-40$/share less rich since his takeover, right? (Or they'll sell en masse and crater the stock?) They're all rich already, richer than they expected to be since Musk bought well above market value. He may at some point have to explain to his creditors why he set all their money on fire, though. quote:If my corporate fu is on point; he can't be fired because there's no board of directors, but this kind of action usually crashes a stock, if i understand it correctly. As far as I understand Twitter does still have a board just as part of being a functioning megacorporation, but Musk can now personally appoint and dismiss everyone on it. quote:How long before Elon's 44 billion dollar purchase of a company reportedly losing 200 million $/year has real life (but not really because he's impossibly wealthy) consequences? Impossible to say. But if this shitshow causes investors to lose faith in Tesla, then the fireworks really start
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# ? Nov 4, 2022 06:21 |
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NutShellBill posted:I am somewhat stock market dumb, but Twitter has shareholders, right? Nope, not anymore. Musk bought Twitter and took it private, which means that he bought all the shares and took them off the market. Twitter is no longer a publicly traded company, and the only people who own Twitter shares are Musk and people that he has personally sold shares to at whatever price he personally worked out with him. Musk runs the show now and he doesn't answer to anyone. He can do whatever he wants without fear of stock prices or investor backlash. Buckle up, it's gonna be one wild ride.
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# ? Nov 4, 2022 06:47 |
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two of my close friends just got laid off from twitter.
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# ? Nov 4, 2022 06:51 |
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https://twitter.com/josheidelson/status/1588405731664924672?s=20&t=5pv-s9SjVWfuqegob3cXvA https://www.bloomberg.com/news/articles/2022-11-04/twitter-sued-for-mass-layoffs-by-musk-without-enough-notice I can't read it, unfortunately. It's pay/register walled.
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# ? Nov 4, 2022 07:18 |
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Carew posted:https://twitter.com/josheidelson/status/1588405731664924672?s=20&t=5pv-s9SjVWfuqegob3cXvA Here's the article text: quote:Twitter Inc. was sued over Elon Musk’s plan to eliminate about 3,700 jobs at the social-media platform -- half of its workforce -- which workers say the company is doing without enough notice in violation of federal and California law. I wouldn't pin high hopes on this just yet. Aside from being filed before the layoffs actually happen, this lawsuit does not appear to have any current or former Twitter employees involved yet. There will certainly be real lawsuits, there's no doubt about that, but this feels like a move to get her name out there in the news at a moment when a lot of current and former Twitter employees are pondering whether they should call up a lawyer.
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# ? Nov 4, 2022 07:53 |
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NutShellBill posted:Fun fact: 44 billion dollars is equal to the GDP of Romania! It is a fathomless amount of money that I cannot wrap my head around without imagining Scrooge McDuck's Money Bin. Even the escapist fantasy world of the Mouse acknowledges that actual wealth is well beyond the literal cartoon money bin, I'm afraid. It is kind of hilarious how mister Trump's wild escalator ride made Twitter such a large part in people's lives all over the world, and now it's burning down in a hurry because a man-child got upset at some shitposters and wanted mod buttons
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# ? Nov 4, 2022 09:22 |
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haveblue posted:Impossible to say. But if this shitshow causes investors to lose faith in Tesla, then the fireworks really start
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# ? Nov 4, 2022 09:46 |
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Italian Elon Musk is a-finally gonna get his blue tick, wa-hoo!
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# ? Nov 4, 2022 10:19 |
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I can't imagine the mindset needed to be capable of working for a company like Twitter, but still feel the need to stick with a job that tells you that you're either fired or on an 84 hour work week. I would have quit immediately. I have quit other jobs for similar reasons, and I am not as obviously employable as these folks almost certainly are. There has to be a fairly significant number of people that just walk. A company tells me that I am on 84 hours? That best case scenario is 84 hours, worst case is I am fired? I help them with getting it settles and I walk. I don't see how Twitter survives Musk. It's going to be held together with chicken wire, chewing gum, and memories.
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# ? Nov 4, 2022 10:22 |
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idiotsavant posted:I don’t think Tesla and Twitter are big enough to do it on their own but if Musk somehow triggers a hosed up failure cascade by destroying Twitter and wrecking Tesla as a result, lol Some CSPAM exaggeration and we have Twitter as the small domino that leads to the final collapse of capitalism. There's plenty of cases of rich idiots getting 'shiny new toy' syndrome and running their new businesses into the ground while neglecting the old ones, but never so openly public about it.
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# ? Nov 4, 2022 10:44 |
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Veryslightlymad posted:I can't imagine the mindset needed to be capable of working for a company like Twitter, but still feel the need to stick with a job that tells you that you're either fired or on an 84 hour work week. Idk about California employment law, but in general I'd rather just not comply and then either get made redundant (sweet payout) or get fired for not working 84h (might not be enforceable depending on the terms of my contract so a possible case for the NLRB). If you walk you get nothing, good day sir
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# ? Nov 4, 2022 11:05 |
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Main Paineframe posted:
Liss-Rirodan just had an unsuccessful bid to run for AG in Mass. but she ran on successfully suing Uber.
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# ? Nov 4, 2022 11:33 |
What gets me of course is that there's gonna be a huge contingent of Musk's right-wing fanboys and all the weird boomers who heard about him on Facebook or from their friends with Teslas who will all cheer and applaud at how this is a shining example of how to run a company. Just stride in with a sink and immediately fire everybody you deem disloyal. Just like in all their power-tripping fantasies.
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# ? Nov 4, 2022 12:12 |
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They obviously realize that a lot of people are going to be upset by this, so they sent out the emails at 3 am and then announced that they are locking the office and disabling all staff access for 4 days.quote:“To help ensure the safety of each employee as well as Twitter systems and customer data, our offices will be temporarily closed and all badge access will be suspended,” the email reads. “If you are in an office or on your way to an office, please return home.” https://techcrunch.com/2022/11/03/twitter-layoffs-elon-musk/
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# ? Nov 4, 2022 12:28 |
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They're doing the same kind of poo poo in the Irish office, however we actually have strong legal protections for workers in Ireland plus a mandatory employee consultation process, so they're possibly going to be hit with hundreds of slam-dunk constructive dismissal lawsuits unless they backpedal fast. I believe they could be forced to pay 2 years salary per aggrieved employee if/when they lose such a case
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# ? Nov 4, 2022 12:48 |
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Are they going to make sure the office is empty before locking it, or is that how they’re going to keep their MVPs working on the new verification system over the weekend?
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# ? Nov 4, 2022 13:25 |
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I have to say that I've gotten into the habit of sharing Twitter links because they turn into pretty little thumbnails on here and on other social media platforms. Is there a way that SA could do that for just general URL links?
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# ? Nov 4, 2022 13:57 |
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Tiny Timbs posted:Are they going to make sure the office is empty before locking it, or is that how they’re going to keep their MVPs working on the new verification system over the weekend? Curious how this vibes with Elon's NO REMOTE WORK policy.
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# ? Nov 4, 2022 14:01 |
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Eric Cantonese posted:I have to say that I've gotten into the habit of sharing Twitter links because they turn into pretty little thumbnails on here and on other social media platforms. Is there a way that SA could do that for just general URL links? Not really, making a summary/thumbnail without the site at the other end of the connection cooperating and doing some prep work is pretty hard. It would take either a big investment in tech and servers or the market clout to force other sites to comply with a standard and this site is too dead and gay to have either
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# ? Nov 4, 2022 14:06 |
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haveblue posted:Not really, making a summary/thumbnail without the site at the other end of the connection cooperating and doing some prep work is pretty hard. It would take either a big investment in tech and servers or the market clout to force other sites to comply with a standard and this site is too dead and gay to have either That's too bad. I'll settle for people not checking out my links as much as I really don't want to help Elon out that much. I'm probably white noise on here anyways.
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# ? Nov 4, 2022 14:09 |
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Eric Cantonese posted:I have to say that I've gotten into the habit of sharing Twitter links because they turn into pretty little thumbnails on here and on other social media platforms. Is there a way that SA could do that for just general URL links?
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# ? Nov 4, 2022 14:18 |
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Leon Sumbitches posted:Curious how this vibes with Elon's NO REMOTE WORK policy. "None of you were able to implement the $8 paywall by Monday? You're all fired. You should have thought about finishing the work before I suddenly and without warning locked out everyone." Bing bong, all fired with cause
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# ? Nov 4, 2022 14:22 |
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Oprah has turned against her creation: https://twitter.com/errinhaines/status/1588331758743085056
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# ? Nov 4, 2022 14:25 |
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Jeffrey of YOSPOS posted:I think there is something of a standard for this? Certainly meta tags that get displayed? It probably wouldn't be impossible to do in some form. We'd have to decide what exactly to put there - what is the preview for a whole page of posts? This is probably not the thread to hash this out but it doesn't sound impossible to me. there is enough of a standard that discord seems to do pre-display stuff for a lot more than just tweets i think they mean more that other things shared here display little previews though, not wanting to make it easier to tweet somethingawful posts
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# ? Nov 4, 2022 14:28 |
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Jeffrey of YOSPOS posted:I think there is something of a standard for this? Certainly meta tags that get displayed? It probably wouldn't be impossible to do in some form. We'd have to decide what exactly to put there - what is the preview for a whole page of posts? This is probably not the thread to hash this out but it doesn't sound impossible to me. No, they want to be able to post on SA a link to NY Times and have the article come up in their SA post without anyone have to click
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# ? Nov 4, 2022 14:29 |
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https://twitter.com/axios/status/1588510040922722304?s=20&t=9E5ksYIDNTRJN3FA_tj0Ww You can't indict someone who is running for president. Or I'm sure that's what his thought process is.
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# ? Nov 4, 2022 14:32 |
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Leon Trotsky 2012 posted:Oprah has turned against her creation: She mentioned a bunch of Dem candidates she would vote for (Val Demings, Stacy Abrams, Beto O'Rourke, among others) at the event. I don't know if she has as much clout now as in 2008 when her endorsement gave Obama a significant boost, but I guess it doesn't hurt.
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# ? Nov 4, 2022 14:33 |
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Devor posted:No, they want to be able to post on SA a link to NY Times and have the article come up in their SA post without anyone have to click
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# ? Nov 4, 2022 14:35 |
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Zotix posted:https://twitter.com/axios/status/1588510040922722304?s=20&t=9E5ksYIDNTRJN3FA_tj0Ww
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# ? Nov 4, 2022 14:35 |
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Jeffrey of YOSPOS posted:That's fair - I would have to look into this one, and also think about whether it's something we want. Certainly I like that image and url tags are separate and wouldn't want to "preview" images in the latter. I do agree it'd be nice to have some clue what a link was about though. Devor posted:No, they want to be able to post on SA a link to NY Times and have the article come up in their SA post without anyone have to click I just was thinking of a "preview" thumbnail where you get a picture and a headline. I'm not trying to get around a paywall and I usually just copy and paste excerpts I find interesting. What I was thinking of was when you share a link on Facebook or what happens when you share a Tweet here. You get a picture and a headline.
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# ? Nov 4, 2022 14:38 |
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Gatts posted:Calling it now, Elon Musk messes with the money of the other investors in Twitter like the Saudis and he has to be…uh…invited to a meeting to…let’s say…speak with them.
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# ? Nov 4, 2022 15:00 |
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Jeffrey of YOSPOS posted:I think there is something of a standard for this? Certainly meta tags that get displayed? It probably wouldn't be impossible to do in some form. We'd have to decide what exactly to put there - what is the preview for a whole page of posts? This is probably not the thread to hash this out but it doesn't sound impossible to me. Just use the prepackaged Twitter card API. Those little previews of articles on tweets are just Twitter’s rendering of info on the site that is tagged specifically to do that. So if any other site wanted to, you could render just about the same thing for any URL that would render as a preview on Twitter.
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# ? Nov 4, 2022 15:08 |
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World Famous W posted:i don't think you can hope for the same results of a journalist pissing them off compated to when its the richest (maybe sec9nd now after this poo poo) man in the world pissing them off Jamal Khashoggi was the nephew of Adnan Khashoggi, who was the world's wealthiest man in the 1980s. He wasn't just some journo. That and Jamal didn't cost the Mohammed bin Salman money.
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# ? Nov 4, 2022 15:10 |
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Politico says that Pelosi expects to step down as Speaker/Minority leader after the next congress is seated in January. Hakeem Jeffries and Adam Schiff are fighting to replace her, but Jeffries likely has it in the bag because he has the support of the Congressional Black Caucus and James Clyburn, is "young" at 52, would be the first black leader of a congressional caucus, and is already in leadership (as Democratic Caucus Chair - the 5th ranking spot). https://twitter.com/MichaelRWarren/status/1588532126894346240 quote:How a secret meeting put Hakeem Jeffries on track to replace Pelosi
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# ? Nov 4, 2022 15:16 |
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Young Freud posted:Jamal Khashoggi was the nephew of Adnan Khashoggi, who was the world's wealthiest man in the 1980s. He wasn't just some journo.
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# ? Nov 4, 2022 15:31 |
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The Saudi Prince that owns a 4% stake in Twitter is also not MBS. It was George W. Bush's good friend Prince Al Waleed; not the current murder Prince who is the unofficial ruler of the country. Even if it was the right prince, they are not going to murder Elon Musk for making their 4% stake worth less. Musk doesn't have to allow anyone else a stake in Twitter anymore. He offered and they accepted. They had a chance to bail.
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# ? Nov 4, 2022 15:35 |
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# ? May 23, 2024 11:41 |
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Leon Trotsky 2012 posted:The Saudi Prince that owns a 4% stake in Twitter is also not MBS. It was George W. Bush's good friend Prince Al Waleed; not the murder Prince. It's okay, Elon has a plan, and it's.... crying about the woke mob https://twitter.com/elonmusk/status/1588538640401018880
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# ? Nov 4, 2022 15:36 |