The Wall Stret Journal Wonders If Musk Has Lost The Bubble
Just to establish some context, I'm posting a YouTube copy of the famous TikTok video in which a new Twitter employee led us through her typical day. As it happened, this was only weeks before Musk's late October takeover, following which in a very short time he reduced the workforce from about 10,000 to about 2,500. In the process, he transformed that same headquarters environment from what was shown in the video to what a visitor said "looks like a five-star hotel that's been abandoned". If I were teaching in business school, I would use this as an example of Stein's Law, that which cannot continue must stop. If people are giving Elon Musk credit for it, that's a mistake. All Musk did was relieve Jack Dorsey and the former board of blame for what someone was going to have to do very soon no matter who was in charge. In fact, as some commentators have pointed out, it's almost as though Twitter's advertisers and investors felt some sort o...