Elon Musk

Sure, you can sell it unless a shareholder agreement restricts its sale, and if you can find a buyer. Or, you can cash in when the company sells or goes public.

if i had twitter stock i would give some to everyone who liked my tweets, there should be a button for that

the rule around this is complicated but basically you can’t sell it for a year after you get it and if you can find a buyer they will be under similar restrictions. there is a pretty big “liquidity discount” vis a vid public stock.

but there are services that will try to match you with a buyer if you own private stock. https://forgeglobal.com/buying-or-selling-private-company-shares/

Musk email incoming:

https://www.youtube.com/watch?v=HWcfmkslT48

musk took down that elephant thing hardcore

Good thread on what capitalists like Musk could be attempting in the tech workplace

It's...funny? I guess? to see a capitalist bullish enough to do to tech infrastructure what they've already done to every other kind of infrastructure. For a while the techies had the clout and mystique to hold off the barbarians, but looks like here they fucking come https://t.co/wDRldPh4jO

— a furred tail upon nothingness (@dynamic_proxy) November 14, 2022

The worry that this is part of a new approach that will spread across the tech industry seems misplaced because it is clear he doesn't know what he's doing, and the result will be wrecking a popular brand and losing lots of money. Not really sure what the argument would be to copy this disaster.

i feel like twitter itself has to stay up in some useable form for it to function as both model and platform on which the model is being successfully pushed

but i am not a coder(which a furred tail very much is)

xyz, do you have any thoughts from within yr own experience and world (less as twitter's biggest fan and as more bulletins from the class-war front in yr own territory)

idk I feel like that vulture capitalist approach only really works with companies or sectors in decline, where underlying infrastructure (real estate, supply networks, even just the value of the brand name) is worth more than the business itself. That's mostly not true in tech, which — all the vaporware and starry-eyed bullshit aside — is still full of very profitable companies that make money by making and selling actual goods, either hardware or software.

it hadn't actually struck me until @dynamic_proxy said it out loud but of course (some of) the spiteful glee at twtr ppl being fired is rage against what he calls the "tech-professional class" from other professional layers as technies lose their formerly unbiddable heft

I mean unbiddability survives layoffs, I would jump at the chance to get fired by Twitter or Facebook rn

Sadly I work in the public sector

Elon is currently testifying against a lawsuit that he took way too large a compensation package, this is a long thread but this may even be funnier than the Alex Jones one

Elon: "The consent decree was made under duress. An agreement made under duress, is not valid, as a foundation of law."

"Are you trained as a lawyer?"

"I have some familiarity with the legal system. If you're in enough law suits, you pick up a few things along the way."

/50

— The Chancery Daily (@chancery_daily) November 16, 2022

The worry that this is part of a new approach that will spread across the tech industry seems misplaced because it is clear he doesn't know what he's doing, and the result will be wrecking a popular brand and losing lots of money. Not really sure what the argument would be to copy this disaster.

agree, but, I'll be transparent here: I just left a company that hit a financial bump in the road, and the response was that the board ousted the (well liked) CEO, brought back a CEO that had left in disgrace over sexual harassment allegations, and he promptly gutted the company and appears to be positioning it for acquisition at a bargain price over it's struggling competitor, rather than buckle down and fix the issuess that needed fixing. the company was cash flow positive. CEO is a Musk simp, incessantly replying to Musk on twitter. So, I just saw this happen. It made zero sense to me from a financial standpoint, unless they were being dishonest about the finances (which is entirely possible).

I mean unbiddability survives layoffs

for sure and it likely (?) will in this instance also: @dynamic_proxy's argt is that musk's full-on assault on it -- all too familiar to many other "indispensible" layers in plenty of other industries -- is new in this instance, and also as public as it possibly could be really. what (given that it's only a new model in this specific instance) are the conditions for general contagion?

does musk have to succeed at twtr, for example?

xyz, do you have any thoughts from within yr own experience and world (less as twitter's biggest fan and as more bulletins from the class-war front in yr own territory)

― mark s, Wednesday, 16 November 2022 bookmarkflaglink

There is just a lot of resentment toward a well paid class of people, and I see someone like Musk tapping into that and just hacking at it. IT is said to be a 'career', politicians tell people in deindustrialised areas to 'learn to code'. My feeling is that at some point, this just has to be stopped. Jobs have to suck.

I mean coding absolutely does suck and is stupid as hell but it pays very well and it’s impossible to evaluate anyone’s performance

When Musk says “high performers” he means “people who cup my balls the way I like when they’re sucking my cock”

coding is fun its the results of coding that suck

A lot of the guys fired publicly by Musk will walk into other jobs no problem. As an industry people are well paid and pretty secure once they are in it. They don't have to perform amazing either, just get a pay rise by going somewhere else.

Musk is only saying/doing what all bosses are thinking.

the technical people should be good tho its maybe not the best job market right now, if youre a random bizdev guy i dont think youre necessarily just laughing your way to the next job

Musk is only saying/doing what all bosses are thinking

this is key point i think: magazineland passed through this beginning like two decades ago, when VCs started eating up titles -- a similar downgrading of expertise, first slow then quick

it unfolded over a fairly long period -- the voice was bought up by new times media in 2005 after all but the torque supplied by "pivot to video" wasn't until 2015, a notorious complete lie fromfacebook that just stripped the authority of experience out from under those few editors still stubborn enough to back-talk their owners. deadpin's wrecker jim spanfeller is held in justified contempt by a layer of magazine workers who know what they're doing (and defector still seems to thrive) but it's not like he's shunned within the industry at large

yeah I love coding what I don't love is having to say analyze a dozen different microservice I'm unfamiliar with to figure out why X is doing Y

love to produce bugs (sowing) hate to debug (reaping)

Pretty much

I’d rather be a secretary

But I like money too much at this point

it’s impossible to evaluate anyone’s performance

this is categorically false, cmon.

Well, impossible for nontechnical managers, which is the only kind I have

If I talk enough I think everyone assumes I’m doing a good job

i see, well then, you have a bad org structure, on the other hand, that might work in your favor

you're telling me!

i'm out of work and need a job, hire me as your technical boss, I promise I won't evaluate you on lines of code committed

Sadly I lack this authority

BREAKING: @elonmusk says he plans to find someone to replace him as acting CEO of Twitter

— Stock Talk Weekly (@stocktalkweekly) November 16, 2022

some personal news:

ehhh not quite so BREAKING really: https://www.theverge.com/2022/11/16/23462668/elon-musk-trial-testimony-twitter-tesla-ceo-technoking

stock comp at private twitter is a solved problem at spacex. they organize private sales twice a year iirc.

the problem from the recipients pov is: it's difficult to value the stock, and even if you assign a high value to it they pay extremely poorly relative to the public tech industry.

and yes, the least experienced people he's firing earn 300k/year, and the managers and senior staff ics are closer to $1m, and they will get a 20% bump by moving employers, and they will also get severance if they click no. i think he fundamentally misunderstands his bargaining position.

found out this morning that they hired back literally the worst engineer i worked with at twitter. he wasn't an asshole. just he was incredibly slow and needed constant prodding to do anything, and this was well documented in his perf reviews, which they would have access to. this is what they've been reduced to.

tip o the cap to genius management

first time he's ever been funny and i dont think he meant to be pic.twitter.com/5vYdvePtLo

— barbarism critic (@SxarletRed) November 16, 2022

I posted this when i herd Elon musk was acquiring twitter wishing him all the best i dont think there is anything to be afraid of cheers pic.twitter.com/t4MVrpi9mz

— gerald stratford (@geraldstratfor3) November 16, 2022

does musk have to succeed at twtr, for example?

Well, he has to pay a billion a year in interest until he does...

does he have more billions than he has years of life expectancy though? it's like citizen Kane

“You’re right. I did lose a million dollars last year. I expect to lose a million dollars this year. I expect to lose a million dollars next year. You know, Mr Thatcher, at the rate of a million dollars a year, I’ll have to close this place in 60 years.”

Elon Musk could be chilling in a $100,000,000 mansion right now, getting massaged by 100 women, as a team of private chefs prepares him a 5-star meal! Instead @elonmusk is literally sleeping at Twitter HQ and working his butt off daily to improve the world.

— Matt Wallace (@MattWallace888) November 16, 2022

Genuinely interested to know how you get massaged by 100 women

This tweet tells a story in fewer words than "For sale: baby shoes. Never worn."

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— Matt Wallace (@MattWallace888) November 17, 2022

Metaverse

Genuinely interested to know how you get massaged by 100 women

shifts