Twitter might be shutting down
- Thread starter ShiShiShi
- Start date
Yeah the tech companies hired like crazy during the pandemic because there was an upsurge of internet usage. Now that things are going back to normal, these companies lost that extra pandemic era revenue. In addition, many tech moguls have predicted USA is heading towards a recession. The higher interest rates are also not helping.
Tbh, this panic is unwarranted.
First, it's just a social media platform. Don't know why people are fuking losing their sleep over it as if their whole existence depends on it.
Second, private companies are based on one motive - profits. Laying of employees isn't the sign of Twitter shutting down or elon doesn't care but he is going for cost -cutting to make Twitter more profitable.
Twitter isn't performing well in terms of revenue and elon who invested 44B$ has every right to make it profitable.
Yes, his idea of Blue tick back fired but again this was done with the same mindset and in business not all of your ideas pay results.
He will pull everything in his hands to ensure Twitter gives him money and (people who are panicking will give him) before he even dreams of shutting it down.
First, it's just a social media platform. Don't know why people are fuking losing their sleep over it as if their whole existence depends on it.
Second, private companies are based on one motive - profits. Laying of employees isn't the sign of Twitter shutting down or elon doesn't care but he is going for cost -cutting to make Twitter more profitable.
Twitter isn't performing well in terms of revenue and elon who invested 44B$ has every right to make it profitable.
Yes, his idea of Blue tick back fired but again this was done with the same mindset and in business not all of your ideas pay results.
He will pull everything in his hands to ensure Twitter gives him money and (people who are panicking will give him) before he even dreams of shutting it down.
