nuff said
this post was submitted on 15 Jul 2023
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I saw one of his interview where he said he doesnt care about money. May be thats why he spills all that shit on twitter. Does twitter even post their cashflow , I know its publicly traded but never saw cashflow being posted. Idk if Elon cares but We 9-5 plebs do care about money coz we got mortgage and shit , may be that why we hate all billionaires.
He doesn't care about money because he never had to be accountable for all his shit-decisions resulting in financial disasters.
True that's the beauty of being rich. What I have learnt is 9-5 plebs are really important for the economy, if all 9-5 stop working , the economy will crash but if billionaire or millionaire stops working, not much affect on economy. You see all these billionaires and millionaires control the 9-5 plebs and that's how they know they dont have to be held accountable.
That depends on who becomes billionaires and millionaires in a particular environment.
Anyway, DEC, Sun, Nokia are some of the big companies which I'd rather prefer to exist now (not in neutered state like Nokia).
A company whose billionaire quits can usually get a millionaire replacement, without much loss of utility. CEOs get shuffled around all the time without any particular effect on the company they "run." I think they mostly run lower executives, who run managers, who run lower/middle managers, who run supervisors who know something about what the company actually does, and run the people who do tangible work. The CEOs who get into the news for doing something dramatic to a company are the exception.
Sometimes. Sometimes not.
Anyway, if the stable state for companies is this, then there's some important function we are missing (or things are going to evolve into something else).
You mean if the stable state is to have a layer of management on top of daily operations, and the management never mixes with operations? Yeah, although to be strictly fair, someone has to do the annoying financials, and those people would not be helpful to people doing other kinds of work. I think that's just a way of restating the problem.
I think another part of the problem is that business don't want to have a stable state, they want to grow constantly, which becomes a problem for an increasing number of people no matter how a business is structured. It never really surprises me when ambition gets businesses in trouble, though sometimes I wonder how they manage to make the mistakes they do.
Well, for normal growth it's all right. There is, however, investment-based growth, shares popularity-based growth, that kind of thing. These are a problem, they just give the wrong incentive.
You've lost me on the precise breakdown of growth types, but I don't think there's any kind of growth that can be sustained indefinitely without fundamental changes to a business. If you sell widgets, you are eventually going to hit the limit to how many widgets are going to be purchased anywhere, by anyone, and then you're going to have change something in order to grow.
And sure, I'll accept that it could be all right to grow past the point where your business model has to change. Some businesses do spread into multiple fields and do reasonably well in all of them, although at a certain point it might start violating anti-trust laws. My point is just that "infinite growth" as a long-term strategy can go down some bad roads, regardless of how innocent the starting point is. Even a benign tumor can be life-threatening if it grows in the wrong place, and I think that can apply to growing businesses as well.
Twitter is no longer publicly traded. One of the first changes Musk made upon purchase was pulling it off the market. Ostensibly so he could ruin it faster.
That's just what happens when you buy the entire company. There aren't any public shares.
Publicly traded companies must post financial statements that show all that information. There is no getting around it to be publicly traded. But they are no longer traded, so have no disclosure rules.