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Comment by TrapLord_Rhodo | Hacker News Reader

>If Musk had anything new to tell the world about his plans, he didn't choose to share it with his future employees, and rather than wooing them, he threw down a gauntlet: "If someone is getting useful things done, great. if not, why are they at the company?

I disagree with the conclusion of this article. The vibe i got from this presentation is that musk will abolish the CEO title, Call himself some whaky name related to product, fire around 20% of the company and turn Twitter into a American WeChat.

Making no judgements on whether thats a good thing, but Twitter will become a 'Musk Company". And like other Musk company's, he will cut costs until the company is 'break-even'.

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The fact that anyone still thinks American consumers are analogous to Chinese consumers is surprising to me. An American version of WeChat, although it sounds cool (maybe?) at a very high level, is incredibly unlikely to happen. Spending so much time on Twitter must have warped his perception on this one.

From my perspective there is nothing 'un-american' about wechat. It's literally facebook, Instagram, Whatsapp etc. but for china. He just didn't want to say he is going to turn it Facebook.

How i read this is twitter will offer more features like voice and video calling, groups, etc.

Each of these platforms differentiate eachother in very key ways but elon has shown what he wants twitters to be. A 'Town-Hall'. Voting, 'Paid contributors' and you can bet your ass there will be alot of crypto involved.

Again - Not saying whether this is going to be a dumpster fire of shitshow, oh wait, yes i did.... but just my thoughts on some things.

If anything about capitalism has shown us in the last 20 years, Dumpster fires of a shitshow is a great market to be in.

To be fair wechat does a bit more than Facebook, like storing transportation cards, credit cards, as well as making payments and ordering food. Not saying that wechat is unamerican, nor do i think the parent comment is saying that. I will say though, the consumer markets are really really different. A lot more Chinese people use cells phones for more things (especially in the cities), in fact i'm pretty sure laptop ownership rates are pretty low compared to smartphones.

But yeah I think he'll probably just turn it into another facebook, or at least it'll start there. Not really groundbreaking, if anything, facebook has become so bloated that the new features might even harming it. Just the other day I had to help my mom find the groups feature hidden in some menu or another on the app.

Isn’t the WeChat part just speculation by GP?

What's an email to get in touch? Had some questions about PBM. Thanks!

coronal0shaker@icloud.com

>Making no judgements on whether thats a good thing, but Twitter will become a 'Musk Company". And like other Musk company's, he will cut costs until the company is 'break-even

Isn't that how purchasing companies works?

No, not usually. When a company is acquired it is rolled up into the company purchasing it, brings in some fresh funding to start in another direction, with a dedicated 'team' going forward to run the org, etc. etc. Sometimes this is done for strategic reasons, or plain and simple acquihires. Deals are not usually done by a single individual pooling capital from various places to take a public entity private.

There are obvious examples where this has happened in the past, but no - this is not a normal acquisition by any means.

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