discussion comment
2 years ago
“how many shares of Twitter you own”
Since Twitter is now private, I’d only own shares if I were Elon Musk. I’m not.
I’m surprised you don’t understand that given your claim to understand Twitters finances.
discussion comment
2 years ago
The math is real simple. By downsizing from 7,500 ees to 1,500, Twitter is saving around $1 Billion per year from salary, benefits, and office overhead.
Twitter lost $250M in 2021 and $1.2 Billion in 2020. So, moving from loss to profitability with downsizing. The number of Twitter users has increased in recent weeks. After making a big show of leaving, advertisers are coming back. Charging for blue check adds a revenue stream.
But, 25 says this all bullshit, so I guess that settles it. How can you argue with his logic ?
discussion comment
2 years ago
The bad news for the woke crowd is that LOTS of CEOs envy what Musk did and are considering doing something similar.
discussion comment
2 years ago
“cause he looks like shit!”
That’s what happens when you stay awake for 96 hours, crunching a project. That time working changed Twitter from losing 20% to making 28%. That’s works out to something like $500,000,000 per hour based on saving his $44 Billion investment. That’s worth a bad photo.
discussion comment
2 years ago
From Fortune magazine:
“ I conclude that criticism of Elon Musk is bizarrely off base, because Musk has overnight changed Twitter’s net (profit) margin from negative 20% to approximately plus 28%, more than Apple or Google.
I am using annualized percentages based on Twitter’s most recent quarterly filings, for the period ending 6/30/22. These documents are freely available at the SEC’s website.”
discussion comment
2 years ago
HL during the day is mostly business for customers and dancers. Lapdance business. Most of the customers aren’t trying to impress anyone. Get in. Get your jollies. Leave.
HL at night is about the party. Go in with a group. Drink. Chat up the waitresses and dancers. Act like a big shot. Get a couple dances.
It seems a lot of 20 something dancers enjoy the night time more. They also get burned out faster. You can only party for so long.
The veteran dancers seem to prefer the daytime atmosphere more. For them, it’s a marathon, not a sprint.
discussion comment
2 years ago
Men like who they like. Different sizes, shapes, ethnicities, even ages. Personality, make up, and clothing also factor into each man’s rating of desirability.
Beyond that, the idea of a standard beauty is pretty well gone, though I think the standard would be someone who is fit looking. With the exception of a few full figured models, fitness is the standard used for models and leading lady actresses.
review comment
2 years ago
The sweet spot in most clubs seems to be 1:00 pm to 2:30pm recently. The mom strippers look to make some quick money before school closes. They understand the value proposition that PLs seek.
discussion comment
2 years ago
Less spending and more investigating. In particular, we’ll learn about the tens of millions the extended Biden family got from corrupt regimes.
discussion comment
2 years ago
At night, HL becomes a party club. The customers are younger, louder, and less inclined to spend on dances.
discussion comment
2 years ago
There are a couple photos on Twitter. One picture taken of Twitter staff, before Elon, is a room full of hot looking women in their twenties. The other picture, after recent staff reduction, is a room full of nerdy men who look like they bath once a week.
I’ll try to link.
https://twitter.com/TheLaurenChen/status/1594102561036009472
discussion comment
2 years ago
A good software engineer can be 10 times as productive as a bad software engineer, or even an average one. Elon appears to think Twitter can function with 1,500 employees, instead of 7,500 employees, if they are talented and dedicated. From what I’ve gathered from the people being fired, he might just be right.
If this works, we’re going to see a lot of tech companies getting rid of their foosball tables. And, cutting their workforce in half.
discussion comment
2 years ago
“it's called making a stand.”
Here’s how things work in the real world. You get paid for doing things that are useful to your business. And, your boss decides what is useful. If you don’t want to do the things that your boss tells you to do, you should go somewhere else. It happens all the time. It’s normal.
What is not normal is deciding your boss has the wrong political beliefs and publicly criticizing him. Then, expecting to keep your job. That is not “ taking a stand”. It’s being an entitled, immature asshole.
discussion comment
2 years ago
I don’t know if Twitter will survive the exodus of employees, but the arrogance of those employees as the leave is amazing. The engineers might land on their feet, but good luck to everyone else who thinks they will land another six figure job where their workday is comprised of an hour of zoom meetings from home.
discussion comment
2 years ago
Friedman’s girlfriend has posted about frequent amphetamine usage. That puts this recent TV performance into perspective.
https://twitter.com/WallStreetSilv/status/1592638816866930688?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1592638816866930688%7Ctwgr%5E899fce8a14231efc7e975abcc214f8067b4c582a%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Finstapundit.com%2F
discussion comment
2 years ago
It’s all about Project X. If he can pull that off, Twitter will dominate financial services. The $44B would be a bargain. We’ll see.
discussion comment
2 years ago
Amazon is laying off 10,000 employees this week. Before the holiday season. Amazon knows what’s coming. The recession is here. Layoffs. Bankruptcies. Foreclosures. It’s just beginning.
discussion comment
2 years ago
4. Litigation, or the fear of being sued, increases unnecessary tests and raises prices to cover liability insurance.
discussion comment
2 years ago
Health care in America is much more expensive than in the rest of the world:
1. Half of all cost is in the last year of life. Most every other country imposes limits on what is done for someone when they are clearly terminal but trying to add a few more months of life.
2. Cutting edge procedures and equipment are available to everyone. Twist your leg ? Get a $1,000 MRI.
3. We subsidize drug research for the rest of the world.
Any politician who votes for sensible limits on health care would be guaranteed to lose the next election.
review comment
2 years ago
It’s strip club economics. If your business is doing poorly, raise your prices and treat the customer like shit.
discussion comment
2 years ago
Inflation is coming down, not “ like a rock “, but slowly. It’s over 7% now. It might be 5% next spring. It might be 3% AFTER the the 2023 recession, job losses, and home foreclosures.
Since 3 months ago, when Mate declared inflation will “ drop like a rock”, it has gone down by 1%. That’s a pretty small rock.
Yes, inflation is going down. Yes, the supply chain is being fixed. Yes, demand is dropping for discretionary items but Food and Energy are still being hit hard.
Should the Fed still be aggressively raising rates ? No, they’ve already slowed demand enough. But, these things take months before their effect is fully seen. Another year of pain is guaranteed.
review comment
2 years ago
Thanks for reviewing. I haven’t been to T&A for many years and have wondered about it. Now, I know. You saved me a trip.
discussion comment
2 years ago
Over inflation, not under
discussion comment
2 years ago
There are clear signs that housing and vehicles are reacting to higher interest rates. In Phoenix, and elsewhere, home prices are dropping about 1% per month and I expect that to continue for at least another year. The crash in 2008 took 2 years to bottom out. Dealers are actually seeing inventory on their lots.
The problem is, it takes many months for this to find its way into inflation numbers. Inflation is 7% now but I’m confident that recent rate hikes mean inflation will be in the 4%-5% range in 6 months.
However, the Fed always overshoots on rate hikes and cuts because they use current inflation to guide them. I expect they will keep raising rates until rates exceed current inflation. They’ll get up to 5%-6% by Spring then be shocked to see their rates are under inflation. Hundreds of PhDs in the Fed but none of them can see beyond tomorrow.
discussion comment
2 years ago
There’s a reason companies are automating. Idiocracy is real.