1. Bought the company at an overinflated price and tried to back out, but was ultimately forced by the court to buy it
2. Half baked rollout of the twitter blue which caused brands to flee the platform after major reputation damage.
3. Laying off half the company, and then having an uncapped layoff of remaining individuals (probably violated labor law, by placing the voluntary layoff days after the top down layoff, he had 0 control over the effects, which by some reports has meant 88% of people no longer work at the firm)
5. Company was purchased with 12B in debt, meaning he has 1-2B/year in debt payments alone, meaning a path to profitability is challenging.
6. Has had to go back to critical workers to try and retain them.
outside of the leveraged buyout, I’m not grading him on assumptions, but rather the ways in which his actions don’t seem to align with his stated goals.
He wanted a reduction of 75%, may have gotten 88% He wanted no WFH, he had to roll that back He wanted to verify for money, he (effectively) had to roll that back. He wanted to grow revenue, and it’s declined. He didn’t want to buy the company and was then forced to do so.