Musk’s attack on Twitter workers brings company to the brink of collapse
Media reports on Friday were speculating about the possible collapse of the social media platform Twitter following the resignation of another 1,200 employees the previous day in response to a recent ultimatum given to them by Elon Musk.
The New York Times reported in an article entitled “Elon Musk’s Twitter Teeters on the Edge After Another 1,200 Leave,” that the billionaire owner sent a flurry of urgent all-hands-on-deck email messages on Friday morning to the remaining staff members.
In one message, Musk said, “Anyone who actually writes software, please report to the 10th floor at 2 p.m. today,” and, in another message 30 minutes later, he said he needed to learn about Twitter’s “tech stack,” a term that describes the social media company’s core software infrastructure.
The Wall Street Journal reported that Musk told the employees that he “planned to be at Twitter’s headquarters himself until midnight, and then back again Saturday morning, and suggested employees based in other locations should fly to San Francisco.”
In departing the company, employees said Musk pushed people to work well over 40 hours a week, but they did not think there was vision to justify it. One worker told the Journal, “Long hours doing good work is awesome, but not with a gun to your head.”
Peter Clowes, a software engineer, posted a lengthy explanation for his decision to leave Twitter, including, “If I stayed, I would have been on-call constantly with little support for an indeterminate amount of time on several additional complex systems I had no experience in. Maybe for the right vision I could have dug deep and done mind numbing work for awhile. But that’s the thing…
“There was no vision shared with us. No 5 year plan like at Tesla. Nothing more than what anyone can see on Twitter. It allegedly is coming for those who stayed but the ask was blind faith and required signing away the severance offer before seeing it. Pure loyalty test.”
The mass exodus from Twitter was in response to a Thursday deadline Musk had given to staff members early Wednesday morning in an email with the subject line, “A fork in the road.” Musk told employees that “to build a breakthrough Twitter 2.0 and succeed in an increasingly competitive world, we will need to be extremely hardcore.”
For Musk, being “hardcore” means “working long hours at high intensity.” The email went on to say, “If you are sure that you want to be part of the new Twitter, please click yes on the link below,” and finished with the ultimatum, “Anyone who has not done so by 5pm ET tomorrow (Thursday) will receive three months of severance.”
The fact that more than 1,000 employees rejected Musk’s provocation is an indication of the hatred for the world’s wealthiest billionaire and his management tactics. The Wall Street Journal expressed astonishment at the response of the Twitter workers to Musk’s “management playbook,” given that he has previously gotten away with similar fascistic methods at his two other properties, Tesla and Space X.
In 2012, for example, the Journal reported that Musk threatened Tesla workers in an email with the subject line “Ultra hardcore” that they needed “to prepare yourself for a level of intensity that is greater than anything most of you have experienced before” and that “revolutionizing industries is not for the faint of heart.” According to the Journal, “He wasn’t wrong.”
The present dire situation at Twitter, a social media company with 400 million active users internationally who have grown to depend on the platform for critical communications and news updates, is the latest in a series of convulsions connected with the private takeover of the company by Elon Musk in a $44 billion acquisition that became official on October 27.
After removing the company from the stock exchanges, Musk fired Twitter’s executive leadership, dismissed its corporate board of directors and proceeded to cut one half of the staff or 3,700 people after a catastrophic decline in advertising revenue. The resignation of 1,200 more people who rejected Musk’s “fork in the road” decree is clearly a blow to the organization that may well prove to be fatal.
In a lengthy op-ed in the New York Times on Friday, former head of trust and safety Yoel Roth wrote that he chose to leave his position “at Elon Musk’s Twitter.” Roth added that the wave of employee resignations, “caused the hashtag #RIPTwitter to trend on the site on Thursday—not for the first time—alongside questions about whether a skeleton crew of remaining staff members can keep the service, now 16 years old, afloat.”
In response to the question “why does everyone think Twitter is doomed?,” a Twitter user named Mosquito Capital identifies himself as a site reliability engineer with more than a decade of industry experience and tweets an extensive list of scenarios that are “real threats to the integrity of the bird site over the coming weeks.”
A report in the Guardian on Friday explored the potential for catastrophic system failure at Twitter and said, “There are now concerns that the site will be vulnerable to technical failures and bugs, amid signs that the complex system underpinning Twitter is already creaking. Two-factor authentication has already been affected and there have been issues with retweeting.”
The Guardian goes on to explain that Musk himself had warned earlier this month, following the the departure of top figures from the company and prior to his ultimatum, “Without significant subscription revenue, there is a good chance Twitter will not survive the upcoming economic downturn. We need roughly half of our revenue to be subscription.”
Throughout the crisis, Elon Musk has maintained and deepened his sophomoric cynicism and contempt for critics through his Twitter account. Following the resignations on Thursday afternoon, Musk replied to the tweets of others with, “Don’t wanna jinx it, but there’s a chance we can keep Twitter alive …” and, “The best people are staying, so I’m not super worried.” Later that evening, Musk tweeted, “And … we just hit another all-time high in Twitter usage lol.”
These are the comments of a deranged billionaire oligarch who has wreaked havoc on one of the most important social media forms to emerge out of the intersection of the Internet and World Wide Web with wireless broadband and smartphone technologies that took place in the first decade of the 21st century. By their very nature as global communications platforms utilized by billions of people, social media platforms are incompatible with control by a single individual dictator with more money than anyone else on the planet.
Breitbart Business Digest: A Bad Day to Be a Billionaire Oligarch Savior of Humanity
Are you sitting down? The economy might be in a recession.
It was not a great day to be a billionaire oligarch savior of humanity.
FTX’s Sam Bankman-Fried’s humiliation continued. It was reported that he lent himself $1 billion through his hedge fund; he cashed out $300 million last year and told investors it was a partial reimbursement, and even apparently collected $370,000 in PPP loans when the company was already worth ten-figures.
Theranos founder and convicted fraudster Elizabeth Holmes was sentenced to 11 years in prison.
And Elon Musk admitted that he intends to enforce a new censorship regime at Twitter that includes shadow-banning content. This comes after the Tesla CEO has touted the importance of free-speech on his newly acquired platform. (Also this week, a Tesla burst into flames on a Pennsylvania highway.) Musk did throw conservatives a bone by finally reinstating the satirists at the Babylon Bee. (Why wasn’t this done on day one?) But other folk heroes like Donald Trump (who is literally running for president right now) and Alex Jones remain banned. Musk says he will deboost and demonetize “negative/hate tweets,” which could be defined as anything he wants to censor. We at the Breitbart Business Digest remain skeptical.
What has seemed like a constant conversation topic over the last several quarters has reared its head, as leading economic indicators underperformed yet again compared to already weak expectations. The Conference Board Leading Economic Index (LEI) fell 0.8 percent in October against the expected 0.4 percent drop predicted by economists polled by the Wall Street Journal. These indexes are down for the eighth straight month and -3.2 percent over a six-month window; the LEI had risen 0.5 percent the six months prior, further suggesting that we are on a significant cold streak.
The 2-year and 10-year U.S. Treasury yield curves inverted Thursday and have remained that way. The inversion is the largest in 40 years.
Bank of America highlighted a massive drop in pending home sales as well as huge dives in lumber and global freight rates.
We almost got some real talk from President Joe Biden on Friday when he said that he anticipates setbacks ahead for the U.S. economy, but then he went on to say that grocery store prices are down slightly. They are actually up 12.4 percent from last year.
If all of this sounds very recession-y, that’s because it is.
So, what will the Fed do about it? Zero Hedge notes that of the 16 different Fed speakers this week, all of them indicated that the rate hikes will continue until things improve, and then maybe they’ll still get hiked some more. Boston Federal Reserve President Susan Collins said that she believes inflation can be tamed without a big rise in unemployment. But, of course, that remains to be seen.
Elon Musk’s *Other* Company: Tesla Bursts into Flames on Pennsylvania Highway
An electric car sold by Elon Musk’s Tesla burst into flames on a Pennsylvania highway on Tuesday after a large piece of debris became lodged underneath it. The car fire ended up reducing the electric vehicle to a pile of scrap metal and ash. Luckily the car’s owners and their dog escaped unscathed.
Pennsylvania state police said the Tesla was traveling west on the highway when it caught fire, according to a report by WTAJ, which added that one lane ended up being restricted for some time as crews put out the fire.
(© AFP/File Jim WATSON)
Michelle and Bob, the couple who were driving their Tesla Model S on a road trip to Yarmouth, Massachusetts, said they had just brought the car home last Monday.
What allegedly caused the fire was a large piece of debris that was in the middle of the road, which the couple was unable to avoid, their daughter said. From there, the electric vehicle started to smoke once the debris was underneath it.
After they pulled over and got out of their car, it immediately caught fire. The couple and their dog, Coco, escaped unscathed.
Firefighting crews responded to the scene, where they spent nearly two hours and approximately 12,000 gallons of water to extinguish the blaze, given that the vehicle’s lithium-ion battery kept reigniting.
The Columbia Volunteer Fire Company, which was also present at the scene, said they believe this was the first Tesla-related fire reported in the area.
Photos from the fire’s aftermath shared by WTAJ show that the Tesla was completely unrecognizable, and reduced to a pile of scrap metal and ash.
Fires involving electric vehicles are notoriously difficult to put out.
Last month, electric vehicles caught on fire in Florida after becoming waterlogged during Hurricane Ian, giving firefighters “a new challenge” they “haven’t faced before,” according to one Florida official.
In a letter to the National Highway Traffic Safety Administration (NHTSA) requesting information on the fire risks created by saltwater mixing with the batteries of electric vehicles, Florida Chief Financial Officer and State Fire Marshal Jimmy Patronis said that he “saw with my own eyes an EV continuously ignite, and continually reignite, as fireteams doused the vehicle with tens-of-thousands of gallons of water.”
You can follow Alana Mastrangelo on Facebook and Twitter at @ARmastrangelo, and on Instagram.
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